Good for us, yet....AAPL was down 4% today and is already down 12% from the peak in mid December.
I know nothing, but it is "interesting".
However, we have lots of momentum rn.
Albeit, I am treading carefully...no margin.
PS I always wondered what would happen if one of the Mag 7 warns re profits for the year?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 124. (Read 26735865 times)
January 16, 2025, 09:32:18 PM
January 16, 2025, 09:01:15 PM
January 16, 2025, 08:41:35 PM
I think it's safe to say 100k is confirmed now (not to say we can't go down of course) so I think some up is in order before long.
Well here is the question to bart or not to bart. last time I asked we barted.and it does not look like a bart this time
January 16, 2025, 08:01:14 PM
January 16, 2025, 07:41:03 PM
I think it's safe to say 100k is confirmed now (not to say we can't go down of course) so I think some up is in order before long.
January 16, 2025, 07:26:21 PM
Whoever is thinking about that Coinbase loan:
you would pay %% interest on your loans and then you would STILL pay cap gains, since you are converting your btc to cbBTC.
See here:
https://www.benzinga.com/markets/cryptocurrency/25/01/43028215/coinbase-launches-bitcoin-backed-loans-for-us-users
Here is THE key:
Most likely, not, see above.
Definitely this is not a loan if so, because one would have to sell his BTC to cbBTC before getting loan, automatically we can call it swap or convert process and yet would have to pay some %, without collateral no loan is permitted and conversion of BTC to cbBTC serves as collateral. lols.. just a kind of game playing. you would pay %% interest on your loans and then you would STILL pay cap gains, since you are converting your btc to cbBTC.
See here:
https://www.benzinga.com/markets/cryptocurrency/25/01/43028215/coinbase-launches-bitcoin-backed-loans-for-us-users
Here is THE key:
A loan vs selling can have capital gains benefits, I believe.
Most likely, not, see above.
January 16, 2025, 07:04:43 PM
From my point of view, right now bare basic default entry-level fuck you status is 18.53 BTC. Horey sheit.. That is amazing..
Seems about right.I think for later adopters though a great target would be to never have less Bitcoin than the miners block reward.
Obviously that number would decrease with the halving every 4 years (could align with people taking profit to improve life quality).
However, I still think that the block reward (~3 BTC) is quite low to think about FIRE or something like that... Anyway, 3 BTC is a lot of money anyway, but far from the "fuck you status"
Just keep stacking and the amount that you have and your entry level fuck you status are going to intersect at some point. For sure, you have to note that I have been using western default level entry-=level fuck you status, so surely your own entry-level might be lower, especially since on several occasions, you had already mentioned that you personally don't need western levels of standard of living expectations in order to still be quite content.
Another thing is that you can look at the charts (including the exact tool that you coded), and see that merely 1 year ago at the beginning of 2024, the bare minimum western default fuck you status under the formula that I propose would have had been 26.84, which truly is a 8.31 BTC difference, which is right around 31% fewer coins in one year... based on bottom prices (not based on spot prices).
I continue to be wowed by how much power exists within bitcoin as an asset class and as something that potentially allows a lot of normies to get to a place they would have hardly had any chances of getting to through various traditional means and methods.
Perhaps the punchline is that the quantity of bitcoin's needed continues to come down at quite empowering amounts - and yeah, sure it is quite possible that some folks are just never able to reach fuck you status, yet it still seems that if they are able to generate discretionary income and to continue stack away sats, then then their curves are approaching each other and with increasing chances of intersecting.
It is like saying some things cause other things.. Ok? And? What next? What is the point?
That I prefer Trees to sticks? Do you prefer metal pipes to batman slaps too?
hahahahaha
[edited out]
I'm pretty sure I have visited your JJG Sustainable Bitcoin Withdrawal Strategy page before, but, somehow, I didn't really get to play with it much at that time. It looks like a great interactive BTC management tool. How did I miss this? Bookmarked, thanks!Bitmover collaborated with me to design that, and it came out very good in regards to substantive information that seems to differ from other tools (even though there are still a couple tweaks that I would like to incorporate), and even the historical back tracing part of the tool is quite powerful so that any bitcoin holder can see the extent to which various withdrawal rates would have had worked out under various BTC stack-size scenarios.. so potentially you could imagine starting out with a certain stack size in 2019 or some other date, and then withdrawing and then ending with a certain stack size today.. . I refer to the tool a several times a week.
In the end, we're all human 
Speak for ur lil selfie.
January 16, 2025, 07:01:17 PM
January 16, 2025, 06:04:03 PM
scaredy cat...again
January 16, 2025, 06:02:29 PM
Whoever is thinking about that Coinbase loan:
you would pay %% interest on your loans and then you would STILL pay cap gains, since you are converting your btc to cbBTC.
See here:
https://www.benzinga.com/markets/cryptocurrency/25/01/43028215/coinbase-launches-bitcoin-backed-loans-for-us-users
Here is THE key:
Most likely, not, see above.
you would pay %% interest on your loans and then you would STILL pay cap gains, since you are converting your btc to cbBTC.
See here:
https://www.benzinga.com/markets/cryptocurrency/25/01/43028215/coinbase-launches-bitcoin-backed-loans-for-us-users
Here is THE key:
A loan vs selling can have capital gains benefits, I believe.
Most likely, not, see above.
January 16, 2025, 06:01:15 PM
January 16, 2025, 05:23:29 PM
it could make sense to spend 0.02 BTC on an iPad Pro, when you know that you spent $4 for the 0.02 BTC back in 2015, and you also know that in a couple of years you could be having a $10,000 tablet in your bag, but at the same time your stash will be worth $10M.
This right here is why the people who say "OMG, deflation would ruin the economy" while they plunder your wealth with inflation are full of shit.
https://coingape.com/donald-trump-open-having-xrp-solana-usdc-strategic-reserves/
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
I can believe it. Also of Trump. He has the ego to want to have his own coin. It would be an easy (if stupid) pivot from Bitcoin too (just as Musk did with his Doge nonsense).
I guess that doesn't have much systemic risk, but it also isn't all that appealing. Nice to have options. I'm tempted to take out a loan using Bitcoin as collateral and then just use the loan funds to buy more Bitcoin and see what happens. I looked into the idea of using it to turn around and stake the USDC to earn income, but it wouldn't really be worth the hassle or risk for the spread you'd make on $100K. Still, maybe this is the first step towards building a market where they could offer a BTC yield. I would be admittedly tempted to participate, as I made a good chunk of BTC last cycle on Gemini's Earn program before it collapsed and I luckily removed my BTC from their platform about 2 hours before they halted withdrawals.
A loan vs selling can have capital gains benefits, I believe.
January 16, 2025, 05:21:09 PM
It's not really a New feature Binance does it but with BNB instead of BTC.
Like your Bitcoin is held by them as collateral and you giving 100K usdc which you can use to do what you please to.
It can be used to trade and when returned your Bitcoin would be given back at market value.
My understanding is that they will give you back all your original bitcoin, regardless of market value.Like your Bitcoin is held by them as collateral and you giving 100K usdc which you can use to do what you please to.
It can be used to trade and when returned your Bitcoin would be given back at market value.
Quote
If you fail to recover everything then it is removed from your collateral and if you gain.
It is added after deducting interest.
Like withheld profits? I didn't know this. It is added after deducting interest.
January 16, 2025, 05:20:05 PM
JUST IN: 🇺🇸 Senator Lummis sends a letter to the U.S. Marshals Service asking why they plan to sell nearly 70,000 Bitcoin.
“The U.S. government cannot continue denying the value of Bitcoin and digital assets; it’s costing taxpayers billions.”
~image has been trimmed~
https://x.com/BitcoinNewsCom/status/1879895613414023533?t=y_8IcXr1WuElRkUP24PCZQ&s=19
Government is so dumb that they sell Trump's wall materials for 1/10 of what's their worth. They do a lot of stupid stuff, I hope the U.S government doesn't become Germany 2.0“The U.S. government cannot continue denying the value of Bitcoin and digital assets; it’s costing taxpayers billions.”
~image has been trimmed~
https://x.com/BitcoinNewsCom/status/1879895613414023533?t=y_8IcXr1WuElRkUP24PCZQ&s=19
Watch for Jan 20th.
They should all get fired on jan 20th if they dare selling 
January 16, 2025, 05:01:15 PM
January 16, 2025, 04:54:28 PM
https://coingape.com/donald-trump-open-having-xrp-solana-usdc-strategic-reserves/
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
That's the problem with politicians, and that's why no one should blindly rely on them for supporting anything scientific/tech-related. Trump likely doesn't have a clue about how Bitcoin works, but he still used it to gain votes. Now that he got elected, he relies on his team of expert advisors, who, of course, are "pro-crypto", and always "know better"... The article mentions that "the Trump transition team would prioritize cryptocurrencies founded in the US such as XRP, Solana, and the USDC stablecoin for strategic reserves." Oh yes, the good old "made in the USA" catchphrase. Fits nicely with the MAGA slogan... See, Bitcoin is not "made in the USA"... Who TF is Satoshi Nakamoto? That sounds like a Japanese dude! We don't want no Japanese tech in the US, we'll make our own US-based cryptocoin!
The above may be semi-sarcastic, but don't be surprised if you see Trump strongly embracing a few of the "leading" shitcoins out there for his strategic reserve, and even ditching Bitcoin completely, as did Musk a few years ago in favor of DOGE.
January 16, 2025, 04:15:26 PM
Have some family issues to solve lately.... and also I have more than 20 pages backlog to read... 
January 16, 2025, 04:14:09 PM
Is bitcoin 'afraid' of a 100K number like a cat is afraid of the water?
nah...it's probably some people that hold it basically just below 100K so new pres can claim it (going above 100K on a continuous basis) as his achievement...as good a theory as any.
it looks kind of ridiculous right now with stupid x- (whatever) popping 45% in 7d.
Therefore, if nothing 'major' happens , i expect a 15-20k rally to 115-120K by the end of the month.
nah...it's probably some people that hold it basically just below 100K so new pres can claim it (going above 100K on a continuous basis) as his achievement...as good a theory as any.
it looks kind of ridiculous right now with stupid x- (whatever
) popping 45% in 7d.Therefore, if nothing 'major' happens , i expect a 15-20k rally to 115-120K by the end of the month.
I think 100k will be visited over quite some time again and again
January 16, 2025, 04:12:41 PM
Yeah the world is truly waking up to Bitcoin.
More countries will adopt the idea of having a Bitcoin reserve, those countries that has already adopted it will see the benefit as they keep accumulating and hodling.
Bitcoin investment can be your future retirement plan.
More countries will adopt the idea of having a Bitcoin reserve, those countries that has already adopted it will see the benefit as they keep accumulating and hodling.
Bitcoin investment can be your future retirement plan.
January 16, 2025, 04:01:18 PM
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