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

[d_eddie]

Ledger Nanus X
Just a handy hiding place
Where the sun don't shine




#haiku

[Ambatman]

https://x.com/bitcoinmybutt/status/1828236030928924929?s=46

 That's pretty badass.

the right side looks like the head of a Dildo to me.



https://cointelegraph.com/news/us-money-market-funds-bitcoin-breakout

Institutional investors are already preparing to rumble, not to mention ETF inflow has been on a positive since 14th and an increase in inflow since 23rd August.




Image Source:Farside investors

[xhomerx10]

Ledger Nanus X
Just a handy hiding place
Where the sun don't shine




#haiku

 Oh shit.  I though it was a WWI/II era projectile fuse.

[psycodad]

https://x.com/bitcoinmybutt/status/1828236030928924929?s=46

HODLing can quite literally be a PITA sometimes..

[Edited to add]: Gives 'pulling the plug' a complete new meaning 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buddy is sinking. a little lower and I can buy back the hyundai corn .

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

https://x.com/bitcoinmybutt/status/1828236030928924929?s=46

HODLing can quite literally be a PITA sometimes..

[Edited to add]: Gives 'pulling the plug' a complete new meaning 

It’s more a travel safe and light method

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

40k for a Hyundai sedan? The world needs Bitcoin more than ever.

[LFC_Bitcoin]

Bit of a crappy day for Bitcoin today. Hopefully the price holds $60,000 or I am going to be quite annoyed. With any luck this is a retest and we’ll bounce soon.

I’ve been looking at tax rules in different parts of the world today. The UK is a shit hole, new extreme left government, dropping hints about capital gains tax increases, wealth taxes etc. With the ever increasing invasion by third world immigrants, I’m not sure I want to bring up my daughter here any more. UAE citizenship via investment is looking more attractive every day.

[JayJuanGee]

........  On kind of a related side note (and yeah it is a bit crass, too), I was wondering what you were going to do with the BTC that you had said that you were going to set aside (was it like 0.001 BTC or something?) to pay to me and/or fillippone in the event of my death prior to you that was meant to be paid in the event that you were to live to some year in the future (I cannot recall the exact details), but it seems a bit problematic to save that BTC if currently you are potentially having issues that are putting your longevity into question.

here it is
https://btc5.trezor.io/address/3Mw9mvjTjWtpxhmctdLa5Awj5gGUbSChKV
the deal was 0.0105 when I turn 105 to you and if you are dead to fillipone if I do not make 105 it does not transfer over so that would be 2062.

I will let it sit for now as I don't need to spend it.

That is something to keep track of, and surely, my odds of being alive are probably similar to yours, and maybe as of right now, fillippone has a bit better odds, but that timeline is still quite a ways off.

Filippone also has a BTC price-dependent gift coming from proudhon at some point... I cannot recall the exact price threshold, perhaps $100k or maybe north of $100k, which seems an inevitable triggering of that kind of an event, just a matter of time since I believe that it ONLY had a price-dependent variable without any time-dependent component.

<…>

here it is    https://btc5.trezor.io/address/3Mw9mvjTjWtpxhmctdLa5Awj5gGUbSChKV
the deal was 0.0105 when I turn 105 to you and if you are dead to fillipone if I do not make 105 it does not transfer over so that would be 2062.

I will let it sit for now as I don't need to spend it.

Thanks,
I am a little bit embarrassed about this, but I don’t remember giving you an address to receive those precious sats.
Is it a time locked transaction or is it going to be a manual operation.

Not that I am concerned about your reputation or willingness to honour the bet, just as for information.

The bet I am closely monitoring is the @proudhon one.

It seems to me that your use of the word bet in either of the situations is not correct.

To me it seems that each of the situations seem to be promises of gifts.

Regarding the Philip situation, neither of us gave any BTC address to Philip.. .. especially since it seems like a long-shot anyhow since he would have to be alive in 2062.. presumptively on his birthday when he turns 105 for the gift to be trigger..... so it is not a bet about whether he will turn 105, but a gift on the condition that he turns 105 that he would send such a gift.. and I just designated you to be my beneficiary..

Regarding the proudhon situation it seems the same.. yeah, sure proudhon was speculating that he did not consider that the BTC price would be going to whatever was the threshold, yet he was saying that he would give you the gift if the BTC price reached such threshold.  A bet would mean that you would be offering something on the other side of the bet, which was not the case.. not that I am a bet expert.. but surely sounds like a gift to this here cat and not much different from the philip offering of a gift... Sure some folks might be more credible than others in terms of paying their promises, whether promise of gift or otherwise, and from my own point of view, surely a break of a promise, even if it were not a gift may well be deserving of a mark against credibility, whether red trust or other kinds of complaining about such refusal to follow through with the terms of the promise.

Not that I am concerned about your reputation or willingness to honour the bet, just as for information.

The bet I am closely monitoring is the @proudhon one.

meh that pessimist? proudhon holds like zero btc.

right?

Pretty much accurate.
Yeah, Proudhon is actually naysayer since inception.
Probably zero sats held.
Yes.

I think that he had paid previous promises of gifts... but maybe I am not remembering correctly.  Of course, proudhon also has a long history on the forum including claims of having had owned thousands of BTC.. but that was in earlier times when they weren't worth nearly as much as they are worth these days.

buddy is sinking. a little lower and I can buy back the hyundai corn .

Not so easy to be selling cornz buying various other things with it and then expecting to buy back anywhere near the same quantity of cornz that had been sold, even if you did not spend all of the money.

Protip: If you sell some or all of your cornz and then you use the proceeds from such corn sale to buy another thing(s), then you no longer have such money to buy bitcoin with it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

........  On kind of a related side note (and yeah it is a bit crass, too), I was wondering what you were going to do with the BTC that you had said that you were going to set aside (was it like 0.001 BTC or something?) to pay to me and/or fillippone in the event of my death prior to you that was meant to be paid in the event that you were to live to some year in the future (I cannot recall the exact details), but it seems a bit problematic to save that BTC if currently you are potentially having issues that are putting your longevity into question.

here it is
https://btc5.trezor.io/address/3Mw9mvjTjWtpxhmctdLa5Awj5gGUbSChKV
the deal was 0.0105 when I turn 105 to you and if you are dead to fillipone if I do not make 105 it does not transfer over so that would be 2062.

I will let it sit for now as I don't need to spend it.

That is something to keep track of, and surely, my odds of being alive are probably similar to yours, and maybe as of right now, fillippone has a bit better odds, but that timeline is still quite a ways off.

Filippone also has a BTC price-dependent gift coming from proudhon at some point... I cannot recall the exact price threshold, perhaps $100k or maybe north of $100k, which seems an inevitable triggering of that kind of an event, just a matter of time since I believe that it ONLY had a price-dependent variable without any time-dependent component.

<…>

here it is    https://btc5.trezor.io/address/3Mw9mvjTjWtpxhmctdLa5Awj5gGUbSChKV
the deal was 0.0105 when I turn 105 to you and if you are dead to fillipone if I do not make 105 it does not transfer over so that would be 2062.

I will let it sit for now as I don't need to spend it.

Thanks,
I am a little bit embarrassed about this, but I don’t remember giving you an address to receive those precious sats.
Is it a time locked transaction or is it going to be a manual operation.

Not that I am concerned about your reputation or willingness to honour the bet, just as for information.

The bet I am closely monitoring is the @proudhon one.

It seems to me that your use of the word bet in either of the situations is not correct.

To me it seems that each of the situations seem to be promises of gifts.

Regarding the Philip situation, neither of us gave any BTC address to Philip.. .. especially since it seems like a long-shot anyhow since he would have to be alive in 2062.. presumptively on his birthday when he turns 105 for the gift to be trigger..... so it is not a bet about whether he will turn 105, but a gift on the condition that he turns 105 that he would send such a gift.. and I just designated you to be my beneficiary..

Regarding the proudhon situation it seems the same.. yeah, sure proudhon was speculating that he did not consider that the BTC price would be going to whatever was the threshold, yet he was saying that he would give you the gift if the BTC price reached such threshold.  A bet would mean that you would be offering something on the other side of the bet, which was not the case.. not that I am a bet expert.. but surely sounds like a gift to this here cat and not much different from the philip offering of a gift... Sure some folks might be more credible than others in terms of paying their promises, whether promise of gift or otherwise, and from my own point of view, surely a break of a promise, even if it were not a gift may well be deserving of a mark against credibility, whether red trust or other kinds of complaining about such refusal to follow through with the terms of the promise.

Not that I am concerned about your reputation or willingness to honour the bet, just as for information.

The bet I am closely monitoring is the @proudhon one.

meh that pessimist? proudhon holds like zero btc.

right?

Pretty much accurate.
Yeah, Proudhon is actually naysayer since inception.
Probably zero sats held.
Yes.

I think that he had paid previous promises of gifts... but maybe I am not remembering correctly.  Of course, proudhon also has a long history on the forum including claims of having had owned thousands of BTC.. but that was in earlier times when they weren't worth nearly as much as they are worth these days.

buddy is sinking. a little lower and I can buy back the hyundai corn .

Not so easy to be selling cornz buying various other things with it and then expecting to buy back anywhere near the same quantity of cornz that had been sold, even if you did not spend all of the money.

Protip: If you sell some or all of your cornz and then you use the proceeds from such corn sale to buy another thing(s), then you no longer have such money to buy bitcoin with it.

If you have multiple stacks of coins and one is hodl and one is flex if you sell off some flex at 64k to 65k

for a car it does not mean you don’t have cash.

I have buys set at
53k
49k
43k.

If we tumble to those numbers I would take back the corn.

As I have said I am not rich , but I am not poor.

Now that I have a health concern that would mean 72 is a very likely timeline .

 Holding btc is meh I will spend the flex on and off. I spent some corn because hodling for ten years means I am 77 which is five years past a  time line end likelihood.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

buddy is sinking. a little lower and I can buy back the hyundai corn .

Not so easy to be selling cornz buying various other things with it and then expecting to buy back anywhere near the same quantity of cornz that had been sold, even if you did not spend all of the money.

Protip: If you sell some or all of your cornz and then you use the proceeds from such corn sale to buy another thing(s), then you no longer have such money to buy bitcoin with it.

If you have multiple stacks of coins and one is hodl and one is flex if you sell off some flex at 64k to 65k

for a car it does not mean you don’t have cash.

I have buys set at
53k
49k
43k.

If we tumble to those numbers I would take back the corn.

As I have said I am not rich , but I am not poor.

Now that I have a health concern that would mean 72 is a very likely timeline .

 Holding btc is meh I will spend the flex on and off. I spent some corn because hodling for ten years means I am 77 which is five years past a  time line end likelihood.

I am not suggesting that you might not be right to be selling more than you are buying or anything like that, yet I doubt that it is healthy to suggest that whatever coins you might have sold on the rip in order to lease your car or to pay for various car expenses were offset buy your ability to buy back some of them at lower prices, especially whe we are looking at BTC price moves in the last days and weeks that are perhaps 8% at most and yeah, sure they might go to higher spreads, presuming that you sold at the top and bought at the bottom, which we know that laddering does not tend to accomplish those levels of benefits, and one of the benefits of laddering is that there can be a bit of an assured "profits" but at the same time, the "profits" tend to be quite small.

Let me say, that I know people who ladder way more than you, but still the skimming off amounts are not enough to justify paying for a car.... though maybe enough to buy a nice steak dinner and a "wild night on the town," if you know what I am talking about?

and even then profits in dollars are on the way up more than on the way down, but there still could be tendencies to fold the profits back in rather than consuming them, so even if we look at the drop from $70k-ish to $49.5k-ish, laddering along the way could have resulted in thousands of dollars in profits once the BTC price gets back up to the starting point - again depending on if profits were taken in dollars or in bitcoin, yet we had only gotten back up around 70% so far but then a dip back down to 50%-ish levels (referring to the price move not the overall BTC price).

Part of my point is that it can surely take a quite a while for the profits to add up, and yeah if you are inclined to cash out most of all the dollars (or even a bit more than your profits and dip into principle), then you can surely justify eating away at your bitcoin principle in favor of dollars and use BTC price moves to bolster those kinds of withdrawals, including making them feel like hardly anything, even though your BTC principle is still being conscientiously and purposefully reduced.

I stand by my earlier points, and I am not even oppose to what you are doing, even if it might not be broadly applicable, so maybe I would be opposed to suggestions that your techniques would be broadly applicable to most people who are likely more in their BTC accumulation stages or maybe even maintenance stages rather than being in what you are even stating to be a kind of liquidation leaning era of your BTC journey.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Emotions...bitcoin is up 32% for the year to 16% for S&P 500, yet S&P 500 investors are very happy while bitcoin investors are a bit annoyed.
I wonder what our yearly cycle average would become in this and the next cycle?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Bit of a crappy day for Bitcoin today. Hopefully the price holds $60,000 or I am going to be quite annoyed. With any luck this is a retest and we’ll bounce soon.

I’ve been looking at tax rules in different parts of the world today. The UK is a shit hole, new extreme left government, dropping hints about capital gains tax increases, wealth taxes etc. With the ever increasing invasion by third world immigrants, I’m not sure I want to bring up my daughter here any more. UAE citizenship via investment is looking more attractive every day.

Is Dubai a citadel-type city it seems to be?
Yet, it is freakishly hot, I surmise, in the A/c absence aka outside.
Basically, there is no outside during summer.
Having spent quite a bit of time in a very "hot" city, I can see the downside of this.
Re taxes-don't for a second think that centimillionaires (>$100mil) would not find some legal go-around..they did when the top marginal income tax in US was 91-92% (1944-1963).