Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

I can't express how grateful I am for this great invention and for all brothers in WO who encouraged me by their posts to become a degenerate hodler!

I don't see how you could have had become a degenerate BTC HODLer, since you are constantly talking about how many expenses that you have and how you are spending large quantities of your BTC.. .. so it would seem difficult to either meaningfully stack or get to a place in which it would become justifiable to start shaving off your stash, such as if you were at or near fuck you status.. which surely could be described in a variety of ways.. but someone who is constantly bragging about the ways that he is spending his coins would hardly even be i a status of having had either accumulated many bitcoins and/or to have been able to advantage from multiple compounding effects from the value doubling several times.

I know that I'm not in your stash league, but still for my country I consider myself to be in FU status. If you followed my posts, you would know that I am using long term loans to buy this things. I have more than enough Bitcoins to buy them now, so there is no risk in this strategy. I have a salary which covers 100% of my monthly loan payments, so I have to spend only the 15% of the loans (3 so far) with my savings. So may be we are talking about less than 10% of my stash for all of it. This number might be higher or lower, for OPSEC I won't share it. But you get the idea. Even if it goes to 15-20% for other expenses in the next 25 years, I'm OK with it. And in the case of a job loss, I will have enough in Bitcoins so that I won't lose my property.

For sure, I understand that everyone can establish his own fuck you status level, so I am currently using the $2 million as the default entry-level status, just as a guideline for westerners, and so I have never even ever asserted that to be my own entry-level fuck you status.

Also my use of $2 million is based on traditional financial 4% withdrawal rules, and I have surely come to the conclusion that bitcoin could sustain much higher levels, such as 10% or more while still maintaining the same withdrawal rate of a guy who has $2 million in traditional investments, a bitcoin HODLer could have around $800k and achieve the same sustainable level of income of $6,666 per month, as long as he is valuing his stash on the 200-WMA rather than spot price.

So yeah I have largely already said my piece because we are  in a public thread, and surely if you are able to accurately measure your variables and your ways of achieving sustainable withdrawal, I am not going to proclaim that your system is not going to work, even if I express a decent amount of skepticism in regards to your various claims that seem to involve your ongoingly selling your BTC.. so as I said it seems quite difficult to build or maintain your stash under those kinds of conditions.

And, for sure i agree with the need of existing debt to be able to be serviced from a variety of existing cashflows, so yeah sometimes there can be some juggling going on when it comes to servicing debt, but surely I am not opposed to the use of debt in the balance of various kinds of ways to also have bitcoin in the mix in which you may well be able to hold and sustain higher levels of bitcoin because you are using various debt instruments and you have various other (perhaps mostly non-bitcoin) ways of servicing your debts.  I have no problem with those kinds of things as long as guys do not overdo it and devolve into gambling, which seems that earlier you had made some disclosures regarding some of the ways that you had previously overextended yourself with debt, and then you had some family expenses and they you also were so sure that they BTC price was going down when we were in the sub $20ks and even throughout the $20ks, so it would be difficult to imagine how you could have been doing the right things when you were whining so much about how you were doing the wrong things and expecting BTC prices to go down more when they ended up doing the exact opposite of what you seemed to be betting on.

So whatever, I don't need to know all your details, and surely we have other members saying the various points that they are selling their bitcoin, which sure, sometimes it seems to work out, but other times, it seems that they are largely selling at questionable times.. but surely not completely wrong times if they have reached a fuck you status level or even multiple levels of fuck you status, but it seems that a lot of times, the guys are not even close to being at fuck you status, but instead largely able to defer gratification.. and yeah, we don't always know a lot of the details, but this is still a public thread so if you are bragging about all of the BTC that you are selling, then guys here are more than free to become skeptical about the general applicability of such claims and even if it seems to make much sense in the whole context of matters, including that in your earliest days on the forum you might have been involved a bit much in shitcoins before you become more of a bitcoiner... so yeah, I am not completely claiming to know or even want to know all of your history or to analyze you or anything like that... but again, we are in a public thread in which we should likely already know that an overwhelming majority of the worlds population are no coiners and low coiners rather than being a in a position to be spending their bitcoin on the regular.

[Hueristic]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

[xhomerx10]

I lakh Bitcoin, I lakh it a lot.

 I lol'd

[philipma1957]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

that is a hurt ful law.

monero and grin will suffer bigly.

[Gachapin]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

I guess when they "destroy a crypto asset" they will burn it / destroy the keys... and thereby enrich all other holders... yeah... great idea

[Greyhats]

I lakh Bitcoin, I lakh it a lot.

 I lol'd

I lakh to party :-)

[Hueristic]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

I guess when they "destroy a crypto asset" they will burn it / destroy the keys... and thereby enrich all other holders... yeah... great idea

Nothing wrong with making my coins worth more except the wording allows them to destroy peoples wealth whether they are guilty or not.

[cygan]

[El duderino_]

Where am i?

St. Peter's Basilica, Vatican City.

That's easy.

At least you're having better weather than us here in the UK.
Autumn started in October and still hasn't ended it feels like.
Mental. We have had 1 day of decent weather since: 13th of April.

Netherlands same shit weather, couldn't handle it anymore.

Packed my bags and traveled to Rome.

Haha if still there in May…. Going same direction myself…

[goldkingcoiner]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

It makes more sense to use the even-more-anonymous fiat for money laundering, but sure, lets blame privacy coins. After the government has stolen- I mean confiscated your privacy coins, I am sure the world will become a safer place for banks- I mean the public.
 

Lol, I love how the non-kyc path leads back to the original path. It's true, too.  

[Gachapin]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

I guess when they "destroy a crypto asset" they will burn it / destroy the keys... and thereby enrich all other holders... yeah... great idea

Nothing wrong with making my coins worth more except the wording allows them to destroy peoples wealth whether they are guilty or not.

they already do that every day with their monetary policy though  

[fillippone]

Where am i?

St. Peter's Basilica, Vatican City.

That's easy.

At least you're having better weather than us here in the UK.
Autumn started in October and still hasn't ended it feels like.
Mental. We have had 1 day of decent weather since: 13th of April.

Netherlands same shit weather, couldn't handle it anymore.

Packed my bags and traveled to Rome.

Haha if still there in May…. Going same direction myself…

Lol dude, If in may we are above 100K, have a lunch at "Checco Er Carettiere" on me! (sorry, I am a poor man, "La pergola" is out of reach for me!)

[JimboToronto]

Wow, UK's a real shit place huh?

UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering.

https://www.gov.uk/government/news/new-powers-to-seize-cryptoassets-used-by-criminals-go-live

Totally evil.

Police will no longer be required to make an arrest before seizing crypto from a suspect.

What ever happened to due process and the assumption of innocence until proven guilty?

Sieg heil.

[El duderino_]

Where am i?

St. Peter's Basilica, Vatican City.

That's easy.

At least you're having better weather than us here in the UK.
Autumn started in October and still hasn't ended it feels like.
Mental. We have had 1 day of decent weather since: 13th of April.

Netherlands same shit weather, couldn't handle it anymore.

Packed my bags and traveled to Rome.

Haha if still there in May…. Going same direction myself…

Lol dude, If in may we are above 100K, have a lunch at "Checco Er Carettiere" on me! (sorry, I am a poor man, "La pergola" is out of reach for me!)

Have a booking in something I might like I guess

[Ambatman]

So chart Buddy is temporary out of commission
The thread felt weird when I checked it and realised I couldn't see Buddy's chart.
I missed him though.

[qu

Nothing wrong with making my coins worth more except the wording allows them to destroy peoples wealth whether they are guilty or not.

For the public good?
Yeah privacy coins are going to cause an apocalypse once in circulation
Would the victim if not guilty or charges be compensated?
Or they sacrificing their funds for the safety of humanity.

Police will no longer be required to make an arrest before seizing crypto from a suspect.

This is definitely going to be exploited.
When it comes to Bitcoin/cryptocurrency laws are turning their faces the other side

[OgNasty]

It feels like the market is getting a little complacent. I’m not even obsessively checking the price anymore. Strange considering we’re so close to the all time high. I think that’s bullish though. People are settling in to this price range as normal not knowing we’ve been eating through supply and the inevitable rocket launch is on the way.

[LFC_Bitcoin]

Off topic -

Check these playing cards out guys, lots of us are featured in the design by ibminer - https://bitcointalk.org/index.php?topic=5491032.0

I’m going to buy 2 sets.

Great for anybody who loves playing cards, all featured around bitcointalk.org users and the halvening.

[philipma1957]

It feels like the market is getting a little complacent. I’m not even obsessively checking the price anymore. Strange considering we’re so close to the all time high. I think that’s bullish though. People are settling in to this price range as normal not knowing we’ve been eating through supply and the inevitable rocket launch is on the way.

hoping you are correct ✅

[Hueristic]

 

[philipma1957]

 

not sure I understand this.

As a miner must I check what pools are licensed?