Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1566. (Read 26711828 times)
October 21, 2023, 02:04:54 PM
October 21, 2023, 01:48:00 PM
and back over 30k. maybe we get a second shot at 33333k today
October 21, 2023, 01:17:32 PM
Well, it looks like the market has retraced that move back up to $30K as expected. I think the dips below $30K aren’t going to last forever, so take advantage when they come from here on out. I suspect in another 18 months you will look like a genius if you bought below $40K, so don’t sit on the fence trying to grab the bottom, just make sure you’re getting in the game.
October 21, 2023, 01:16:46 PM
and squirt its a quickie oh well
Psychological sell point.
yep it is why we need to go to 33333 and I then think we will fly higher.
October 21, 2023, 01:14:54 PM
and squirt its a quickie oh well
Psychological sell point.
October 21, 2023, 01:14:03 PM
Dollar buys half of RE in comparison with 2020:
https://www.nbcnews.com/business/real-estate/home-prices-high-mortgage-rates-how-much-money-to-afford-rcna120801
That said...
..If you had $324K (worth an average house price) on Jan 1 2020 in the bank, you could buy only about 3/4 of a house (if you are buying in "cash" and with current average house prices at $446 thou), but
..if you had $324K in SP500, you can still buy that house as SP500 went proportionally up (SPY from 321.7 to 421.19, roughly matching the rise in house prices)
...if you had $324K in bitcoin back then (34.5 btc), you can buy two averagely priced houses right now with no mortgage (if you want 'em) and have about $100K leftover (0.34 house).
Bottom line is that in this case you would be essentially unaffected by the affordability crisis described in the link.
Just FYI and another description of why it "pays" to be in bitcoin, long term.
https://www.nbcnews.com/business/real-estate/home-prices-high-mortgage-rates-how-much-money-to-afford-rcna120801
That said...
..If you had $324K (worth an average house price) on Jan 1 2020 in the bank, you could buy only about 3/4 of a house (if you are buying in "cash" and with current average house prices at $446 thou), but
..if you had $324K in SP500, you can still buy that house as SP500 went proportionally up (SPY from 321.7 to 421.19, roughly matching the rise in house prices)
...if you had $324K in bitcoin back then (34.5 btc), you can buy two averagely priced houses right now with no mortgage (if you want 'em) and have about $100K leftover (0.34 house).
Bottom line is that in this case you would be essentially unaffected by the affordability crisis described in the link.
Just FYI and another description of why it "pays" to be in bitcoin, long term.
October 21, 2023, 01:13:41 PM
October 21, 2023, 01:08:00 PM
and squirt its a quickie oh well
October 21, 2023, 01:06:35 PM
Pumpit!
October 21, 2023, 01:05:29 PM
You ruined my sandwich.
October 21, 2023, 01:04:25 PM
after buddy. the key is does buddy hold on and take us past 33333 or was this just another tease
October 21, 2023, 01:03:33 PM
October 21, 2023, 01:01:35 PM
Observing $30,332
1) What
1) What
October 21, 2023, 12:59:52 PM
we are before buddy
October 21, 2023, 12:59:34 PM
It's not official till buddy says so...
October 21, 2023, 12:53:05 PM
someone just don't want 30k to happen. I suppose they don't want to see the chopper fly.
What's the hurry chopper won't fly at just 30k.
Phil what u think anyway 30 is here again!!
October 21, 2023, 12:50:40 PM
By the way, last time I checked, less than 10 sats per vbyte to send transactions is not exactly going to kill anyone... and surely the current mempool status and even in the last three weeks, seems to have had been clearing 2-4 sats per byte without too many difficulties... .. which is $0.20 to $1 per transaction, unless maybe you are combining addresses, but you can send $100 or even $1billion for the same fee. Not exactly expensive or broken... but hey, whine all you like. It's a free country the last time I checked..
For a lot of us, the point was to get away from filthy fiat. The current state of the world financially should have been a huge boon for Bitcoin. Inflation frequently hanging out near double digits screams for an alternative. But when adoption turned to disadoption and the Bitcoin ecosystem withered away, a lot of incentive is lost when you have to deal with exchanges which represent counterparty risk and loss of privacy under US laws.
As to fees, it doesn't matter what they are right now but what they would be if Bitcoin was being used in a meaningful manner.
But my aim is not to convince anyone here and now, just plant seeds for when people start to open their eyes for themselves.
October 21, 2023, 12:48:04 PM
Hello
30
30
October 21, 2023, 12:01:21 PM
October 21, 2023, 11:59:08 AM
....
Tongue in cheek?
.....
Tongue in cheek?
.....
What's that?
....
Is this an alternative Universe?
.....
Is this an alternative Universe?
.....
This forum sure is, it's why I like it here.
....
Asking for a friend.
Asking for a friend.
Thanx bro!
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