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

[philipma1957]

Hey buddy do you think I should cash out today and just walk away from this all?

Some days I just feel like cashing out and walking away from all this.

For some reason I feel this way today.

I guess the question you have to ask yourself is why you are doing this in the first place. Did you get involved to have some temporary fun, to change the world, to get rich, to be a part of something? Did you get everything out of it that you wanted to? Do you still see a path to achieving your goals? Or is this just something you do for money because you’ve been doing it so long?

I do ask these questions quite often. With involvement of multiple partners/investors the mine got bigger than I wanted. It was hard to run and the four of us had a lot of disagreements on the direction to head the business. So the Father and son half broke off the deal with myself and my partner. Leaving me and my partner with a lot of paid off gear and not any power to run it.

I have been selling it off piece by piece on ebay and other spots. I am 67 the amount of work I did from dec 2018 to may 2024 was a lot. Basically almost a full time job. I did make money coin gear etc.

I have zero debt
I have coins
I own a home
Wife and I have pensions
I post on bitcointalk and altcoinstalks earning side coins
I am more interested it liquidating the gear and reducing it way way way way lower. Maybe 20kwatts vs 210/220kwatts.

Some days I just feel worn down from the mining experience.

As for posting and shooting the shit that will not wear down I still post copiously on multiple forums and will likely do that as long as life lets me do so.

[Phil_S]

67, eh?

https://imgur.com/gallery/lIFNpsU

[OgNasty]

Hey buddy do you think I should cash out today and just walk away from this all?

Some days I just feel like cashing out and walking away from all this.

For some reason I feel this way today.

I guess the question you have to ask yourself is why you are doing this in the first place. Did you get involved to have some temporary fun, to change the world, to get rich, to be a part of something? Did you get everything out of it that you wanted to? Do you still see a path to achieving your goals? Or is this just something you do for money because you’ve been doing it so long?

I do ask these questions quite often. With involvement of multiple partners/investors the mine got bigger than I wanted. It was hard to run and the four of us had a lot of disagreements on the direction to head the business. So the Father and son half broke off the deal with myself and my partner. Leaving me and my partner with a lot of paid off gear and not any power to run it.

I have been selling it off piece by piece on ebay and other spots. I am 67 the amount of work I did from dec 2018 to may 2024 was a lot. Basically almost a full time job. I did make money coin gear etc.

I have zero debt
I have coins
I own a home
Wife and I have pensions
I post on bitcointalk and altcoinstalks earning side coins
I am more interested it liquidating the gear and reducing it way way way way lower. Maybe 20kwatts vs 210/220kwatts.

Some days I just feel worn down from the mining experience.

As for posting and shooting the shit that will not wear down I still post copiously on multiple forums and will likely do that as long as life lets me do so.

Sounds to me like you don’t need a break from Bitcoin, but a break from mining. Now probably isn’t a bad time either. I feel like you should keep selling your gear and posting to earn sats, then in a year or 16 months, spend some coin at the peak to get a little gear and get back at it to enjoy the ride downward as you build up a manageable mining operation again (if you miss it). I’ve also found that mining with GPUs as opposed to ASICs is much less stressful.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

weekend coming... and 69 is right there.

you need baseball caps to 69?
...interesting  

[Biodom]

So I let Alcohodl and xhomerx10 talk me down from selling all.

I sold 0.01 at 67280

hodl the rest.


I put in a buy at 55566 for 0.01 btc

Still selling off the mine piece by piece on ebay.

https://www.ebay.com/str/philipma1957computergearandmore


tons more than that to sell.

Why do you want to sell corn anyway?
I get the miner selling, of course.

In principle, you BUY when it is going up and you SELL when it is going down (like you buy in the bull market and sell in the bear market), but you are doing the opposite.
Why it is erroneous in general: because in a bull market you never know how high it would go, so as long as it rises, you buy and "pyramid" and in the bear market you never know how low it would go, so you "distribute".

[Leahized]

weekend coming... and 69 is right there.

you need baseball caps to 69?
...interesting  

It seems to be addicted to savory water

[LFC_Bitcoin]

weekend coming... and 69 is right there.

Is that me and Sydney Sweenie when Bitcoin hits 100k?

[Biodom]

Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:

https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html

It's more reasonable in TX than in NJ and MD (DC area, I assume).

[Hueristic]

Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:

https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html

It's more reasonable in TX than in NJ and MD (DC area, I assume).

Does that take into effect being under water or without utilities in life threatening situations?

[OgNasty]

weekend coming... and 69 is right there.

Is that me and Sydney Sweenie when Bitcoin hits 100k?

Be careful what you wish for.  That could turn into you and Dylan Mulvaney if proudhon turns out to be right!  Sorry, I couldn't resist.

I'm still amazed at the perception of Bitcoin amongst the normies.  They're still calling it a scam and saying it's worthless.  I don't think any of them even know the current price or what's happening in the markets.  Usually I would consider this extremely bullish, but what is it going to take to get them off the sidelines?  Are they really going to wait until Bitcoin breaks $100K before jumping in and shilling it to their friends on social media?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:

https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html

It's more reasonable in TX than in NJ and MD (DC area, I assume).

Does that take into effect being under water or without utilities in life threatening situations?

You mean Texas? Yeah...
I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong.
If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*.

Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level).

*I have to always tell this to myself when I contemplate QLACs and other annuities.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:

https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html

It's more reasonable in TX than in NJ and MD (DC area, I assume).

Does that take into effect being under water or without utilities in life threatening situations?

You mean Texas? Yeah...
I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong.
If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*.

Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level).

*I have to always tell this to myself when I contemplate QLACs and other annuities.

I am in NJ and considered middle-class . It does not take into account your debt.

If you own your home and it has decent real estate  taxes (6000 would be very low for real estate tax in NJ)

My real estate tax is about 9000 many NJ home the real estate tax is more than 20,000

below is a suburb in NJ a nice home that would be say 700k in North Carolina is 1.4 million and taxes are 29k

https://www.trulia.com/home/549-corbett-pl-oradell-nj-07649-37985680

[buwaytress]

philipma1957 I haven't met someone on the forum wanting to walk away since 2017. This guy actually did walk (and that was at 10k).

When I actually had some, I set mine on date or price or emergency target. The date's still a halving away at least. The price who knows. The emergency arrived in late 2020... I think no matter what, it's nice to walk on your own terms.

Is that me and Sydney Sweenie when Bitcoin hits 100k?

She ain't waiting for 100k to tap your ass my man.

[philipma1957]

philipma1957 I haven't met someone on the forum wanting to walk away since 2017. This guy actually did walk (and that was at 10k).

When I actually had some, I set mine on date or price or emergency target. The date's still a halving away at least. The price who knows. The emergency arrived in late 2020... I think no matter what, it's nice to walk on your own terms.

Is that me and Sydney Sweenie when Bitcoin hits 100k?

She ain't waiting for 100k to tap your ass my man.

I am close to leaving this game I did it a long time .

The problem for me was 2012 to 2017 I did not believe it as much as
I should have.

So even though I have made 100,000's of thousands it would have been a lot more by simply posting a signature and holding the coin.

Some times you get discouraged at what you did with it even though you made decent coin you feel it should have been way more.

[Richy_T]

Interesting: money you need to make as a household (or withdraw or have the cash flow) in various US states to be middle class:

https://www.cnbc.com/2024/05/16/salary-needed-to-be-middle-class-in-every-us-state.html

It's more reasonable in TX than in NJ and MD (DC area, I assume).

Does that take into effect being under water or without utilities in life threatening situations?

The former can generally be avoided by not living in low-lying areas and flood plains. The latter was notable because it was a rare event (unlike rolling blackouts in CA that were a thing for a while).

[Richy_T]

I am close to leaving this game I did it a long time .

Take a look at the economy. You may want to leave the game but the game may not want to leave you. Never go full fiat and all that.

[Smilevictorobinna]

From this chat we can see that Bitcoin has come a long way and it will keep growing bigger and better as time goes on . All we need to be part of this greatness is patience and so am encouraging everyone in this forum my juniors and senior's here in this forum to keep hodling the future of Bitcoin is great, from 2010 till date has been a huge success.