Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1501. (Read 26731924 times)

Yes it need this challenges so that it can see how strong bitcoin and sustainable when facing a lot of challenge on its existence that's how people gain confidence to hold bitcoin since they know how reliable it is compare to anything else which collapsed when some sort of problem came to them.

Also bitcoin is also touching back again at $43k so guess we have another round to try out if bitcoin could able to reach at $50k this month.

I want to supplement my earlier post... and since nearly 4 hours have passed, it seems worthy of a supplemental post rather than an edit of the earlier post.

The thing is that I just realized another dynamic, which is that in 2022, the 2023 cost of living adjustment for social security and other Federal benefits was raised by 8.7%, and that increase might not have been able to even keep up with inflation at that time, but surely it shut up a lot of people who were complaining a lot about inflation, and many of us might realize that this year, the cost of living adjustment for 2024 is ONLY going to be 3.2%, which is attempting to normalize that there is no inflation and that things are getting back to normal.. even though 3.2% is likely not going to be able to keep up with whatever increases in the cost of living that had happened in 2023.. so it is a pretty big fiction to be having that adjustment to ONLY be 3.2% for 2024, and it is another way of being able to ongoingly and slyly rob from the people, and surely many people likely realize that they are being lied to but at the same time, they are not sure because their government is telling them and the "data is" supposedly "showing" that prices are not going up as fast as they might have had thought, and the soft-landing is upon us.

By the way the cost of living conclusions about inflation goes to more than just Social security recipients, but it is used as guides for a lot of the government expenses including various Fed Employees, the military, government contracts and likely guidance for some other government expenses, too.

I don't think ordinals can be stopped, regardless of what y'all think (plus Luke Dashjr).
If many will whine, bitcoin will eventually fork and I currently think that the chain WITH inscriptions would become a dominant one in this case.
Why? Simply because you can do more "stuff" with it, even though large fees are a bit annoying.

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

NFT's were expected to have the ability to drag and carry away people's interest away from bitcoins, but it has not worked that way as the attention it had was temporary and just for a short time while the attention on bitcoins continue to blossom.

Bitcoin is king.

Bitcoin needs challenges and obstacles to overcome. You could say that NFTs are currently driving the improvement of Bitcoin.

Yeah, I also have every word of that post in fact anything that contain those ordinals make me feel sick. Those ordinals are the cause of huge fees that we see everyday. Those useless tokens and NFT's are only present to disrupt the network of Bitcoin. Shame on those people who created ordinals and unfortunately we can't do anything to get rid of those ordinals.

Explanation
Chartbuddy thanks talkimg.com

I hate every word of this post

There are not too many forum members who started to buy in the $2-$32 per coin arena.. or even other times in which the BTC price was below $32..

Even starting in 2013, the BTC price was still returning above $32, but then did not get back down to that price, even though it went up to $263 in early 2013 and then corrected back down to the upper $60s and then spent a bit of time in the $80-$120 before it shot up to $1,163 in late 2013 and then corrected back down into the $200s at the end of 2014 and stayed there for most of 2015... so yeah, maybe some of the folks who were in the forum in 2012 might have been able to get those sub $32 coins, and at the same time does it really matter, because there are some forum members who were into bitcoin kind of early, but they did not hang onto their coins.

So surely the lower your average cost per BTC, the easier it is to see the exponential nature of compounding effects, in which the value is compounding upon itself... and maybe we also have to end up going to average cost per coin, even though surely some folks do end up messing up this average cost per coin calculation by completely selling all of their initial investment and then proclaiming that they are only invested into BTC with "house money," which may even play out as a kind of whimpy way of being into bitcoin, even though I have also proclaimed that I have as much cash floating around that is the same as the whole amount that I invested into bitcoin, but at the same time, I also proclaim to have right around $1k (or maybe $999) per BTC as my costs per coin, and also I proclaim to have right around triple entry-level targets of bragging to hold more than 0.63 BTC.

$10k per coin is not exactly seeming as cheep as $1k per coin, but surely some of the guys who are in the middle with $3k to $5k per coin (that would have had been mindrust coin costs if I remember correctly), so surely the lower the number, the easier it is to see the BTC price go up as much as your average cost per BTC. which I suppose is a kind of compounding to the extent that any of us can keep track of these kind of matters.

Another thing is to attempt to do the best that we can, and if we are in the earliest of days of BTC accumulation, it is not like we can turn the clocks back, and we have to deal with the facts in front of us, and surely anyone accumulating BTC in the past 1-3 years is even feeling pretty good right now, and of course, the longer you have been accumulating the better, but at the same time, at some point we get to a stage in which we might start to conclude that it could be that we mostly have enough BTC... and we move from our accumulation stages and into our maintenance stage, and sure we might not completely abandon BTC accumulation, but we are able to look at BTC from a new perspective based on our own consideration that we have crossed from BTC accumulation and into BTC maintenance.

How many BTC is that?  what is their average costs per BTC?  Those are both considerations for determining are we yet ready to transition from our BTC accumulation stage and into our BTC maintenance stage.

Explanation
Chartbuddy thanks talkimg.com

The Feds are presuming that inflation is not happening.  They are not really into actual facts, but instead spin.. so they want to wish everything into a "soft-landing" that may well end up blowing up in our faces in 2024.. but hey, since when have we really let the market play itself out.. and so whether the various emergency printing is in the background.. or if it has to end up coming into the foreground, there don't seem to be scenarios in which the money printer does not continue to stay a bit wild to make up for the various shortfalls.. and in the meanwhile continuing to say that inflation is not happening.. even though an overwhelming number of folks can see that it is still happening and it is quite a bit higher than the rates that they continue to proclaim.

By the way, if some other currencies crash before the USD (such as the Argentinean dollar) and then it gets folded into the dollar, I think that helps the dollar to continue to be abusive in terms of using the whole world as its piggy bank of reserves.. or world production to prop up the USD..

Do you see any currency stronger than the dollar?  Besides bitcoin?

Gold is not going to work.

https://www.longtermtrends.net/bitcoin-vs-gold/

Maybe we are going to have to continue to talk about gold.  The gold bugs are excited, and sure Philip mentioned bitcoin going over 1 ounce in 2017, and from the linked chart, we can see that bitcoin had gotten into the 30 ounces per BTC and close to 40 ounces per BTC in the two 2021 BTC price peaks, and then got as low as 10 ounces per BTC in the late 2022 BTC crashening.. and currently we are back around 20 ounces per BTC.. and surely, BTC is around 1,000x better than BTC in terms of market cap, and at this time, BTC is about 1/20th golds market cap, so whatever if anyone is thinking that gold could be some kind of competitor to the dollar.. that ship has sailed.. and anyhow, I am preaching to the choir, even though we will likely need to continue to sometimes make the BTC/gold comparisons just to show how much bitcoin has been and continues to eat gold's lunch... and will likely continue to do so.


Some persons/entities are not allowed to buy spot BTC, especially through certain kinds of funds that they have, and one of the BIGGEST categories are funds that are connected to retirement accounts, but also if you are going through some kind of a broker, they have pretty strict custody requirements, so the fees on ETFs are pretty close to zero, even though they are not zero as compared with other kinds of products (or ways of exposure to BTC prices).

Of course, if someone has an employer who offers a 401k and maybe they are in their job for more than 10 years, so they have been putting close to the max, and let's say they averaged $15,000 per year invested into their 401k, and then they have some employer matching of maybe a few thousand per year, so maybe they have built up an investment portfolio that is more than $200k over 10 years or so, and all of a sudden their plan might allow them to get some bitcoin exposure, and maybe even they could choose to have total bitcoin exposure, so maybe they end up putting 20% of their 401k into some bitcoin spot etf that is offered (which would be $40k in this example), and then they can also buy bitcoin too..

so maybe even if they already had been buying bitcoin for several years, they might want to supplement their bitcoin exposure with their having a tax deferred exposure, too... so even that same person might have ONLY gotten into bitcoin in the past 4-5 years, maybe after investing $100 per week for the past 5 years, then that person would have already invested around $26k into bitcoin and have already around 2 BTC, so it probably would not hurt to have both, even though I can see how people get lazy and they become nervous about holding the underlying... even if they become more empowered by owning the underlying (which we also likely know is a better product than the ETF.. even though some BIG players, institutions and governments might have to go through the official financial products, such as ETFs in order to be able to legitimately get exposure to BTC.. which will have pretty good likelihood to cause a quite a bit of extra (previously pent-up) cash flowing into our lillie fiend. 

buddy you look lonely

Explanation
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I didn't start buying at $10 a coin. I started mining at around $250 a coin . But regardless, had I bought several at $10 a coin,
(Oh how I tried, but gave up in the end...skeptical, scams etc...)
I, like most other sane folks (who did the same but succeeded), probably would have dumped most, if not all, at $100 a coin. And would've been quite happy about the profit.
(then shortly thereafter, kicked ourselves for not being psychic)

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Ahh ok that makes sense so essentially new stuck money inflow. Thanks!

Thanks for sharing this I’m fairly aligned to most of what you have here. BTC enables early retirement imho,  If you live under US tax regime, you pay cg tax on gains but only depends on your income if you earn less than ~45k cap gains tax is 0%. Selling btc doesn’t count as income, but when your retirement accounts kick in that’s going to skew your income bracket and the cg tax you pay on asset sales.

Most of us don’t have massive stashes but I see Btc as a way to bridge the time between early retirement start and official retirement start. I probably will have more spending power in early retirement than official retirement.one could also posit that your btc stash can set the date of what early retirement is, and using a withdrawal plan you could somewhat forecast this out.

The bit I’m trying to work out now is when I come to this liquidation stage is it better to dca sell in year of halving for the next 4yrs of needed inc or to use something like the 200wma for monthly draw downs over a 4 yr period.