Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 102. (Read 26710875 times)

legendary
Activity: 3990
Merit: 4597
For 2025 I see two strong positive possibilities (among others):

1. If they announce SBR (strategic bitcoin reserve) in US, the only way they can accumulate bitcoin fast enough (and not overpay) would be to announce that if you send your bitcoin to SBR, all your cap gains are tax free. Of course, they could say that you also need to have it for one year or more, which could be just fine.

2. They could make bitcoin a permissible subject of a 1031 exchange. Before (in 2017), they specifically excluded it, but if that law would be amended, it would be another positive step for the price. 1031 exchange right now could only be done with real estate. This is basically a rule that you can "exchange" one RE property for another. Cap gains then are considered to be "transferred" to a new property. Before 2017 many types of property exchange were allowed, but the only remaining now is RE.

https://www.investopedia.com/terms/s/section1031.asp
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
[edited out]
....... humans must whine about something...

Referring to yourself in the third person, yet with a descriptive undertone..

I got a chuckle out of that.

$110k is just a threshold that loosely and indirectly relates to my "fuck-you" lever. And it also kind of cements the 6-digit order of magnitude (which, again, doesn't really mean anything).

1) I don't want to beat a dead horse, but spot price reliance on fuck you lever seems quite problematic from my perspective.. even though I don't have any problem with the idea of price-based (meaning uppity threshold) and/or time-based withdrawal points.. yet this particular focusing around $110k seems to be a kind of price-based, as if you were to have an order (let's say 1% of your stash) waiting to be cashed out there, but that seems contrary to what I would presume for your to consider any kind of a place to shave off some cornz....

2) getting a bit of a distance between $100k seems reasonable, but 10% hardly seems reasonable in terms of counting on anything... maybe 25% to 35% above it, or maybe I am asking too much?  how did $1,100 work out in regards to $1k?  We did not stay there very long.   How did $11k work out in regards to $10k?  Same thing.. It was not much of a thing.

Sure it is better to be going up rather than down, and I truly have been speculating that our last 10-ish days since we first crossed over $100k (seems like longer, right?), we have just been spending time preparing to punish the fuck out of the so many folks selling at or around $100k who have not yet bought back... so why would the punishment stop at $110k?  Or why would $110k have much if any meaning?   

Sure, I have little to no idea what is going to happen.. but I would not be surprised to see $125k to $135k without any kind of a meaningful correction..  Admittedly, sometimes it takes time to go up or down or to figure out which way we are going, yet in the end, I'm going to be surprised if there were any meaningful correction in these here parts, and $110k seems almost the same as $95k to me.. and yeah, maybe it is all in my head, since we know that many times minority scenarios end up playing out.

$1M is the same. What's wrong with $900k? Or $1.1M? Human psychology... Just look at ChartBuddy when price is close to those nice, round, decimal numbers...

People do love round numbers, and historically in bitcoin those round number loving folks have tended to get screwed when they sold too many bitcoin at such round numbers... but yeah, in regards to $10k, we did end up coming back to that one quite a bit between January 2018 and all the way up to October 2020.

As for price I am making decent money with my small hosted mine.
about 100 usd a day and cost is 37 usd in power so I net 63 dollars of btc a day.

Recently, I bought a Bitaxe, just for shits and giggles since I had heard several places that they were like plug and play, so you could learn about mining, and my Bitaxe has only been running for slightly longer than 1 day.. and I am not really sure what all of the various indicators on the miner mean..   




There might be a better thread to discuss this kind of a topic, but my reason to have had bought the Bitaxe is to just kind of get to know some more aspects of bitcoin (other angles)..   and yeah, the Bitaxe was about $200, and it was pretty much plug and play. 

It already had AxeOs software interface.  After removing the Bitaxe from the box, I plugged it into power, and then I entered the IP address into a webbrowser then that gave me the default settings so that I could change the Bitaxe settings so that it would be logged into my wifi.. so then once the Bitaxe was logged into my wifi, then the small display on the Bitaxe gave me a new IP Address so that I log that new address into my browser (so long as the device is on the same wifi), then I could see details about how the Bitaxe was running and also to customize some of the inputs, such as putting my own BTC address into it.

So I suppose that it depends on which pool in regards to payout rules, and yeah, I would not expect much payout, and I am not sure if I can change the pool.  My current pool seems to be public-pool.io

I was thinking that maybe I could buy a Bitmain Antminer S21.  They are anywhere between $4k and $6k through Amazon, and they would be like 25-50x more powerful than my Bitaxe.. but in terms of sourcing maybe it would be better to buy from somewhere other than Amazon.. and maybe even pay with bitcoin?

I wonder if the S21s were very difficult to set up?  I would not mind trying to mine on Ocean mining, even though maybe any of the miners come with some default set ups, yet I cannot imagine them to be as easy to set up as the Bitaxe was.. even though no bitcoins have come to my wallet address through the Bitaxe, yet.   

In regards to the S21, I see that they need to be 220V, and I do have some 220V already in the house (for the stove) and two outlets in my garage (for welders), but maybe I might want to have an electrician come over and put a 220 Volt outlet into my basement in order that I could plug such S21 miner into that and to have it in the basement (a bit cooler down there - naturally), if I were to get such a miner.

I am not looking into any of this in regards to the money, and surely I would not be mining any shitcoins, unless I were to conjecture that such shitcoin(s) were to become the new bitcoin, which I cannot see that happening any time soon. 

Sure, I would like whatever miner I run to be profitable, at least in the beginning, but I am not overly obsessed with profits, even though it would be nice for it to pay for whatever electricity it uses.  My main goal is just to tinker to just be able to attempt to learn a bit about mining and in some kind of an outside way to support the network if there might be shenanigans going on in regards to some of the larger pools and the way that they are paying out miners with averages and not specific rewards (so I had heard a few interviews with Bitcoin Mechanic in regards to how Ocean is more individualistic in terms of its payouts).. even though I am not planning to expand mining beyond perhaps the Bitaxe that I already have and potentially buy an S21.. just to dip a toe in and to get familiar with running a miner.... I would imagine that most miners are going to have some default software, but maybe after I buy the S21 and it is set up then I can start direct the hashing towards Ocean's pool.  I suppose guys have ideas on this or maybe I need to go to one of the mining threads... as you can see that I am fairly early in my thoughts about this...just kind of cool seeing the Bitaxe running so easily, so I am thinking that it could not be that more difficult to set up one miner in my basement.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1235
Merit: 1202
I hate Roger Ver,

My hate list is very very very very very very  short.

But, he either knows he is a foil... or not. 

Either way.

What a fucking tool.  I hope he goes to jail.

Roger has been disingenuous since he picked the wrong side of the blocksize wars and didn't get his way. Everything he's done since then has been a net negative for Bitcoin
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23


Where the dude at for a wel earned SM boost


Puerto Madryn Argentina.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Seems like the community is already getting tired of $100K as we trend sideways. I’m seeing a lot of peak predictions, but I’m also seeing a lot of signs that people still don’t care about Bitcoin (the Microsoft vote) to balance it out. It’s going to be a fun year ahead. Watch and learn as much as you can.



I hate Trump more than Biden, but I favor BTC over both of them.

If Trump actually can deliver on BTC I could move from hating him to being a freinemy of him.

I see billionaire's making bets for and against BTC.

 Since I am in the BTC camp and Trump claims to be in that camp I will likely be his fan.

Here is hoping BTC and Trump is the wining side.  And sooner than that smelly happens to me
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
a new first in about 5 minutes.  the entire day over 100k.

also our third 100k daily average day in a row.

legendary
Activity: 2520
Merit: 3038
Come on Chad, do it again. We need our daily bump.
sr. member
Activity: 448
Merit: 691
In ₿ we trust
Seems like the community is already getting tired of $100K as we trend sideways. I’m seeing a lot of peak predictions, but I’m also seeing a lot of signs that people still don’t care about Bitcoin (the Microsoft vote) to balance it out. It’s going to be a fun year ahead. Watch and learn as much as you can.




This will be inevitable. I think that when a person has full knowledge of what Bitcoin represents, the game changes... I honestly don't know how to express how much Bitcoin has changed the way I see the world. I'm actually very grateful to have discovered this universe. Not for the money, but for better understanding the world we live in. It really changes lives.

And that's not even about reaching 100k, but like, it's a path of no return, I would feel completely uncomfortable if I didn't have some sats with me, it's a kind of mental expansion...

We left the matrix.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Also...

Oh look! AI.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
I hate Roger Ver,

My hate list is very very very very very very  short.

But, he either knows he is a foil... or not. 

Either way.

What a fucking tool.  I hope he goes to jail.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 3620
Merit: 4813
copper member
Activity: 1526
Merit: 2890
We are at 2T market cap.

When Bitcoin market Cap reaches $18T it will be $900K Per Coin.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Seems like the community is already getting tired of $100K as we trend sideways. I’m seeing a lot of peak predictions, but I’m also seeing a lot of signs that people still don’t care about Bitcoin (the Microsoft vote) to balance it out. It’s going to be a fun year ahead. Watch and learn as much as you can.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
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