Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 130. (Read 26711566 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it

Rich ? I'm sure you have heard about these boating accidents that happen to so many of us .
... btw I think it was Dude who was the first one to tell us about it, if I remember correctly!



That came from Monero.

who was the first one in the WO ?

Boat accidents are as old as the Wall Observer.

This one from Frozenlock is the first I could come up with:

How do you deal with capital gains? Ignore it?

I would have some... but I lost most of my private keys in an unfortunate boat accident.

Also, not everyone lives in the US.
Some have special retirement accounts protected from taxation.
Other can deduct borrowed money when it's paid back.
I might have earned them with my business which accept Bitcoin and paid income tax then.

Really, taxation is a complicated game.
And as usual, those with the less money are those who will pay more.

The Dude is a relative newcomer (2017).

Nice find, thx, I seem remember TheKoziTwo repeating that in the Monero thread, I think when someone asked for the link to a rich list.

Also IIRC he started the first exchange at that time.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
I know Dude came much later. remember when he did his prediction games and changed his name


Indeed. He seems to have obliterated all traces of his old name from Bitcointalk.

A quick search of BCT reveals only a single post referring to him as I remember him spelling it and mentioning ElDuderino in the same sentence.

Even a Google search only reveals  a thread misspelling it with an extra "o". Lots of mentions of other people with the same surname with a single "o". Only the misspelled one refers to BCT.

I thought that maybe it was a name change and not a new account.

Maybe the Dude can clarify the matter.

Edit: He seems conspicuous by his absence. Hasn't posted in a couple of days. I hope he's okay.

I hope all those strenuous workouts on that proprietary exercise equipment weren't too detrimental to his health.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
sr. member
Activity: 378
Merit: 889

Oh no, he's back..

Alright.

Cryptotourist dies with this post - because of reasons.

It’s been brewing in my head since earlier this year, but only now getting round to it.
I will lock this account with a random password that I won’t be able to recreate.
Of course the email reset option will remain for now, but if this account ever posts again in the future, I urge anyone with two brain cells to ask for confirmation with the fingerprint on the profile AND the stacked Bitcoin address.
Moderators can also ban it for all I care. [kindly consider this post a request]

It’s been a real pleasure posting amongst you guys n girls.
Peace out.

Sunset
sr. member
Activity: 378
Merit: 889
I predict that we'll be filthy rich by the next halving of 2024. Grin

Are we? Grin

We're either that, or pre-rich.

A bit late to the party, but congratulations everyone for hodling and achieving such a milestone. It's been quite a ride.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Market Cap:
- Gold : $19.4 TRILLION
- BItcoin: $2 TRILLION
Amount of gold mined: 187,000 metric tons.
Amount of gold in the earth's core: 1.6 quadrillion tons.
I'm not even going to calculate the percentage. But for Bitcoin, 94% has been mined already.



so it's better to buy Bitcoin rather mining it.

JJG (IIRC) pointed this out quite a number of times since i've been here (2017)...
Walls-of-text sometimes matter, don't get used to scroll over them  Wink

Market Cap:
- Gold : $19.4 TRILLION
- BItcoin: $2 TRILLION
Amount of gold mined: 187,000 metric tons.
Amount of gold in the earth's core: 1.6 quadrillion tons.
I'm not even going to calculate the percentage. But for Bitcoin, 94% has been mined already.



so it's better to buy Bitcoin rather mining it.

well it all depends.  the t21 miner was as low as 3000 usd.

....


Right, this is one of the "but it depends" points. If you are able to get miners now and pay them later, it works with cheap electricity, if the BTC price is higher, but mostly in fiat terms. If you are after BTC, i consider DCA/Lump-Sum as the better performing play, since you profit on bear markets (get more BTC per Dollar) and also bull markets (get more Dollar per BTC). It really depends on the personal goals, and there are in-between solutions, like mining for Dollar when the price is high, followed by spending the gains in lower market price periods.


tend to do both when I can.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2520
Merit: 3038
Hello Wo gang,
observing 99,599@Stamp.
I stumbled upon this beauty:
Hodlers: an apology

"Still right, still poor"

Alphaville wrote an apology to everyone who didn't buy Bitcoin reading the column.
Great, satisfying read!

the comments are interesting

Some boring reading
Tulips, Have Fun Stayin' Poor
It's much better here




#haiku
legendary
Activity: 3388
Merit: 3514
born once atheist
Calling bitcoin "digital gold" is such an undervaluation for bitcoin. I don't think people realize there will come a time, when everyone in the world will rely on bitcoin, and it will be impossible to make more of.  

if we get there btc’s sidekick doge will stick around as doge is better for p2p and for sustainable mining. ⛏️

just fucking around with jjg .

  ....  Ahhh fuckit, can't be bothered...
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Calling bitcoin "digital gold" is such an undervaluation for bitcoin. I don't think people realize there will come a time, when everyone in the world will rely on bitcoin, and it will be impossible to make more of. 

if we get there btc’s sidekick doge will stick around as doge is better for p2p and for sustainable mining. ⛏️

just fucking around with jjg .
full member
Activity: 162
Merit: 104
Calling bitcoin "digital gold" is such an undervaluation for bitcoin. I don't think people realize there will come a time, when everyone in the world will rely on bitcoin, and it will be impossible to make more of. 
Time factor + Price variation + High demand (TPH) = Impossible to make more of it.

Sometimes it looks weird seeing people undervaluing bitcoin, though it's just their knowledge and I wouldn't take it as an offense till they get to know the importance of it maybe when it's no longer possible to get more of it.
legendary
Activity: 3388
Merit: 3514
born once atheist
....

so it's better to buy Bitcoin rather mining it.

....

well it all depends.  the t21 miner was as low as 3000 usd...
...snip
...
but zero out of pocket if you have good credit.

I suppose you have to be good at math too. Which pretty much rules out 15 second attention span, 24/7 phone swipers...AKA most everyone (including yours truly)
legendary
Activity: 2282
Merit: 2057
A Bitcoiner chooses. A slave obeys.
Calling bitcoin "digital gold" is such an undervaluation for bitcoin. I don't think people realize there will come a time, when everyone in the world will rely on bitcoin, and it will be impossible to make more of.  

Meanwhile, people keep making astounding gold discoveries. Not exactly as rare as it used to be. Let's hope future fusion technology does not turn the entire rare elements game into a joke. Although I would love one of those Star Trek replicators.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
hero member
Activity: 938
Merit: 1891
bitcoin retard
Hello Wo gang,
observing 99,599@Stamp.



I stumbled upon this beauty:

Hodlers: an apology

"Still right, still poor"

Alphaville wrote an apology to everyone who didn't buy Bitcoin reading the column.

Great, satisfying read!
 

the comments are interesting
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2520
Merit: 3038
Super cycle brewing?

We really deserve it after a neutered bull run in 2021 due to COVID, FTX and China banning Bitcoin.
And IMO above all, that fucker Gensler nipping spot ETFs in the bud.

Perhaps at some point "in kind" redemptions are going to come into the bitcoin spot ETF space (in the USA).  Right now they are "in cash" redeemable, which is way less efficient - and perhaps even a bit of an attack vector on bitcoin itself.

I agree that in kind redemptions would be the next level. It would ease the workflow and cut one more speed bump/intermediary - I'm thinking about the daily settling business in particular. Also, it may be an additional incentive not to play games with fire (or corn), because when a customer's redemption must be liquidated, the issuers - say, Blackrock - are going to need bitcoin, not fiat.

However, I am not so convinced that much would actually change. Investors who turn to ETFs rather than the hard underlying (that's our king daddy), probably do so exactly not to be bothered with magical internet money on their balance sheet or household finances. When they eventually sell their ETFs, I'm betting fiat is what they want. If there were a choice between in kind (btc) or fiat redemption, my gut tells me an overwhelming majority would go for fiat. If not, why get the ETF rather than raw corn in the first place?
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Super cycle brewing?

We really deserve it after a neutered bull run in 2021 due to COVID, FTX and China banning Bitcoin.
And IMO above all, that fucker Gensler nipping spot ETFs in the bud.

Perhaps at some point "in kind" redemptions are going to come into the bitcoin spot ETF space (in the USA).  Right now they are "in cash" redeemable, which is way less efficient - and perhaps even a bit of an attack vector on bitcoin itself.

The Dude is a relative newcomer (2017).
In fact, the person now known as the Dude, was once known under another name. So, yes, his current account is 2017, but the person behind it has been here for much much longer time... (sorry, I know, OPSEC and stuff)...  Cool  

As to the boating accidents, I'm almost sure FrozenLock wasn't the first one to mention it...  Grin

P.S. Btw, your humble servant's current account is also relatively new. The original one was affected by the forum hack.

To the extent that it matters, there is a difference between a name change and starting a new account...and sometimes it does matter.

Sometimes we make mistakes in our bitcoin journey, whether we get involved in shitcoins or trading or we somehow fuck up our bitcoin security and/or holdings.

Some guys start out with fewer mistakes, and some of them might have had financial experience prior to joining the forum, even though surely many of us who have been in bitcoin for quite a while will likely concede that our involvement in bitcoin has brought many of us some new perspectives about a lot of aspects of the world, whether considering personal finances, or macro economics, or politics, or game theory, or trading versus investing, or critical thinking (such as sorting out information sources) or other areas that relate to bitcoin and/or the forum.

The extent to which we might want to be known in the real world can surely have a variety of trade-offs... including the extent to which our real world might mix with our forum identity.  I think that several of us have had some conversations on the forum in which we might mix in some personal details, yet at the same time, the extent to which our personal details are accurately matched with our real circumstances may or may not be relevant, except perhaps if a member says something that seems to be contradictory, then there could be some justifications for further explanation - while at the same time, the further explanation may not necessitate revealing of personal details, but maybe giving some kind of an explanation how X and Y could both be true... and that might be enough.

In my own situation, sometimes the numbers don't add up...so sometimes we might want to question the extent to which we might want to go into details to clarify the numbers.  I think that a lot of good information can still be shared, even when there might be some contradictions in the numbers, and so for example in the pushups' thread, there have been accusations that guys are not actually doing the pushups that they claim to be doing, and sometimes I want to respond to proclaim that it does not matter, even though it does actually matter if guys are actually doing the pushups that they claim to be doing, while at the same time, we don't have any way to really verify the details, and it would be problematic to pursue proof of pushups, even though some guys do voluntarily provide some proof of pushups that may or may not be completely sufficient to prove that they are actually doing the pushups that they claim to be doing.

Let's say that I were to have 0.63 BTC.  It seems that I could talk about 6.3 BTC or even 18.9 BTC and make similar points, and sometimes it might be better to figure out some kind of a representative number in regards to where a guy might be or how he might want to consider the managing of those various amounts in connection with whether he perceives himself to be in bitcoin accumulation stages, maintenance stages, liquidation stages or some variation of those.  I think maybe I have been referring to liquidation stages as sustainable withdrawal, yet many of us know that stages tend to overlap, so we will sometimes need to really get into some details if we are striving to make certain kinds of points in regards to where a guy might be at in his bitcoin journey and what the tradeoffs might be in regards to how he is considering the managing of his BTC stash in light of his other personal financial and psychological circumstances.
hero member
Activity: 938
Merit: 1891
bitcoin retard
U.S treasury say Bitcoin is the "DIGITAL GOLD".

It's a massive achievement.



Gold? Bitcoin is far superior to gold. There are billions, perhaps trillions, of tons of gold in the universe. Some planets may even have far more gold than Earth. But Bitcoin? Bitcoin is unique—you won’t find it anywhere else.

It's indefinitely more scarce and has way more utility!
hero member
Activity: 938
Merit: 1891
bitcoin retard

Rich ? I'm sure you have heard about these boating accidents that happen to so many of us .
... btw I think it was Dude who was the first one to tell us about it, if I remember correctly!



That came from Monero.

who was the first one in the WO ?

Boat accidents are as old as the Wall Observer.

This one from Frozenlock is the first I could come up with:

How do you deal with capital gains? Ignore it?

I would have some... but I lost most of my private keys in an unfortunate boat accident.

Also, not everyone lives in the US.
Some have special retirement accounts protected from taxation.
Other can deduct borrowed money when it's paid back.
I might have earned them with my business which accept Bitcoin and paid income tax then.

Really, taxation is a complicated game.
And as usual, those with the less money are those who will pay more.

The Dude is a relative newcomer (2017).

Thanks!!

I didn't know that. I only started reading the WO frequently in '14.

I know Dude came much later. remember when he did his prediction games and changed his name


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