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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2097. (Read 26710768 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
My mistake was in that i was thinking that Mr market would try to push banks up after FRC supposed "rescue", but it lasted for a whole 2 hours, then reversed.
My plan was to buy puts into a rally, but I am not buying those into a sharp decline and increase in premium and volatility.
Hence, still flat in the money market with about 5% returns (plus some long term time horizon stocks).

Pro tip:  Don't be fucking around with that shit.

Buy bitcoin and don't be whimpy about it.   Tongue

#justsaying.

Nothing to report re btc (no change in position whatsoever).
BTW, I read (with a big surprise) that there are only about 1 mil wallet addresses with at least one btc.
I thought that there were at least 2-5 times more.

Well.. that seems to be great..... that on the bright side, you have not completely forgotten about dee cornz.   Wink

Taking equity out of ones home, another thing you can't do here (and people wouldn't understand). Of course we saw in 2009 that it led to plenty of people losing their home...

You can't easily do it in Texas too because locals were burned on this before anyone else in US (in 1987) when people were mass-mailing the keys to their houses to lenders, apparently.
Typically, no cash-out refinancing. I know some people in CA that did multiple cash outs and now have a gigantic mortgage.
Still, there is some equity, but the cushion is much smaller that it should have been otherwise.

if you have a 700,000  home with 100% equity. You do not take out a loan on it.

Unless rates drop to 2-3%

My example is 2,000,000 wealth

700,000 home
400,000 bond driven 401 k gets 5%
100,000 gold, silver

that is 1,200,000 wealth
and you have 800,000 more wealth do do as you please.

that adds to 2,000,000 wealth

Wow!!!!!!   Shocked Shocked Shocked

The more you explain it, the worse it gets.

 Cry Cry Cry Cry

the 401k earns 20k a year

Of course, you know that if you are drawing down more than 4% per year, then you are likely depleting principle (to the extent that NOT depleting principle might matter?).. since the presumption would be that ONLY 3-4% per year would be sustainable.. but sure, maybe in these high inflation environments, we might be able to presume that the interest that we are able to earn will be able to keep up with a 5% per year withdrawal rate, perhaps?

you have 7,000 take home in pensions. since I said you have pensions you have to use some of the 401k eventually maybe now so 20,000 is the juice it gets. pull 4,000 and that is 2,000 a month but it is taxable so pull 30,000  this means the 402k will last close to a lifetime and you actuall income after taxes is 9,000 a month

This person has the ability to fuck around with 800,000 anyway they want to. Stock ,bonds, btc shit coins what ever.  But they are rare and they are dying every day as I type this out.

They can do an equity loan if rates drop to 2 or 3%. I said the chances are likely less than 1 in 25 Americans are in this spot.

 They can have a mixed blend of what ever the they invest.  They are rare.

Most Americans are paycheck to paycheck and will work way past retirement ages. 70 or later is common.

For these people savings in a bank are meh at best. They need to do 3 or more different  plays even if the plays are $25 a month for each month.

There is a bit of an irony here Philip.

You seem to be describing most Americans as living paycheck to paycheck and for that reason unable to retire before 70; however, you also choose to continue to work (even if it is largely managing various mining arrangements) for fun - even though apparently you don't have to..

And, sure many of us live with various ironies....
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

(Tim Berners-Lee  1989)

Berners-Lee invented the World Wide Web (http/html) not the internet.

The Americans Vint Cerf and Bob Kahn invented tcp/ip, the basis of the internet.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 742
Merit: 387
🎗️🍁🎭
BitcoinBTC Pizza Day is coming up on May 22


visit 👈
legendary
Activity: 2520
Merit: 3038
"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

Wasn't that Al Gore?

He certainly invented climate change and then earned hundreds of millions of dirty polluting fiat dollars.

Gore invented the Internet at the age of 15 or so while messing around on his macbook, but left implementation to the military and academia. Berners-Lee invented the web and implemented client and server at 34 YO.
sr. member
Activity: 1414
Merit: 326
"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

(Tim Berners-Lee  1989)

We may be waiting for a time when cryptocurrency will be prioritized as one of the biggest investment places in the world...

I hope the whole world will work together with it...
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

Wasn't that Al Gore?

He certainly invented climate change and then earned hundreds of millions of dirty polluting fiat dollars.
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
"The UK Crypto Industry Is Booming, Outpacing the US, Germany, Japan, Canada"

https://beincrypto.com/uk-growing-crypto-industry-top-markets/


Go blighty

We invented the internet so why not 🙃

(Tim Berners-Lee  1989)
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 1414
Merit: 326


Nice catch up @Gachapin bro... Grin

Yeah, badly needed. Thanks, Gachapin!


Also thanks, OutOfMemory  Grin
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)


Nice catch up @Gachapin bro... Grin

Yeah, badly needed. Thanks, Gachapin!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 938
Merit: 1891
bitcoin retard
Exactly....



let me guess... it wasn't you who created this meme...

https://twitter.com/Hodlcat21/status/1651669689611763712



Perfect! Lol



reported for plagiarism

https://twitter.com/elonmusk/status/1652709146389561344


It seems the only way to get rid of these spamming farmer accounts
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
I got it, but I am reconsidering even to have more than a current month expense in the bank.
You get 0% there and in a money market almost 5%.
I am sure that after I would post this, some money market would get off parity and money would flow backwards into the "safe" banks.
In fact, I penciled this scenario for sometime in the next 6-8 mo as banks cannot tolerate losing deposits to Treasury direct and money markets for too long.

In my country banks don't pay anything on deposits. I'm not sure why but it's like that. They will direct you to put money in various instruments, some are very common, government backed, but you can't put more than less than 1BTC at current prices. After that we're talking life insurance, bonds stocks etc.

But in the US banks pay something, and I was seeing that JPMorgan made tons of money lately, because they hiked the rates of mortgages like crazy, but increased the rates they pay on deposits to something ridiculous like 0.3%. If I was a customer I would be angry...


Banks have multi year/decade bonds purchased during the zero interest era. When interest rates go up, the price of existing bonds goes down. The banks holding these bonds can't offer you a higher interest rate than the bonds on their balance sheets.

Obviously people and businesses start taking their fiat out of the bank and put it into the current >5% yielding bonds themselves. This forces the banks to sell their bonds at a loss. People with money still in the bank then start to get worried and take their fiat out as well: a bank run leading to bankruptcy, which these days can happen within minutes/hours/days.


TL;DR Buy bitcoin and be your own, full reserve, bank.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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