Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 182. (Read 26720873 times)

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. 

Explanation
Chartbuddy thanks talkimg.com

That bird... (is it a penguin?)  is going the wrong way.


Of course, we have likely come to realize that bitcoin is both store of value and medium of exchange, and of course, I can send you $100 (or even several million dollars, if I were to have such sums) with less than $1 fees, and no one can stop me, as long as you were to give me an address - (not that I am making an offer).

We even have some layers of payments on bitcoin too (some handled by third parties and others, such as lightning network, attempting to be less handled by third parties) in the event that we might not want to transact directly on the bitcoin blockchain.  We also know that bitcoin has some other programable features that are either in development or likely still to be discovered.

We likely came to realize that the 2017 battles were not just about what bitcoin is (was) technically speaking, yet they were also attempts (as you suggested) to make it easier to change bitcoin, which likely might have ended up breaking bitcoin, if we would have found out that a bunch of financially powerful folks could get together and change bitcoin at any time that they were to want to.  We may well have future social attacks on bitcoin, and there might be some forgetting about (or confusion) regarding how come bitcoin is valuable, including that as bitcoin gains higher and higher market cap and continues to attract the gravitation of monetary value, bitcoin is likely going to continue to serve as both a means to store value, yet also transactions will continue to be done on bitcoin at the base layer or at higher layers, which surely the ability to transact and to hold our own value apart from 3rd parties continues to bring bitcoin value, even though some of the recent attempted attacks on bitcoin is to undermine self-custody... and surely as long as developers continue to develop and a decent amount of coin continues to be held in private hands, I doubt that the third party custodians holding the coins of others are going to be successful to fuck up or to destroy bitcoin, even if they are likely going to continue to hoard a lot of coins within various centralized locations....and maybe some folks will come to realize that it is better to own coins directly rather than having coins held by MSTR/Saylor, by Blackrock, by coinbase, or by some other centralized location.

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  


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.

0$-100$ k journey of Btc


https://vt.tiktok.com/ZSj3b9WtE/

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

using a cc buy 6 at 18,000 usd

run them at 190 th each  or 1140th they earn 80usd a day. burn 480 kwatts a day at six cents you spend $ 28.80

that is a net of $51.20 in btc a day.  now here is the kicker.

I can get 21 months of interest free cc so I charge  and need to pay the gear off  at under 900 USD a month. so clearing 51 usd a

day  mean means 1530 a month pay 900 for the cc. and I gain 630 usd worth of btc a month.  never laying out coin or cash.

so in this case mining is better.

yes shit can go wrong. you need to be able to pay the cc if the gear breaks or prices go bad. but right now as I type a small farm with 10 cent power works better than buying the coin.

remember If you do this there are still risks.

bad gear
theft of gear
prices drop.

but zero out of pocket if you have good credit.

Explanation
Chartbuddy thanks talkimg.com

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)...    

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

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

My memory not the best but the Dude may or may not be older then he seems

As far as boating accidents I do remember them being theorized around 2013 but not sure if before!
HK

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

Explanation
Chartbuddy thanks talkimg.com

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.

You're underestimating the size of the universe. There's 1600 trillion tons of gold in the earth's core already.

Explanation
Chartbuddy thanks talkimg.com

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.

U.S treasury say Bitcoin is the "DIGITAL GOLD".

It's a massive achievement.

Boat accidents are as old as the Wall Observer.

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


The Dude is a relative newcomer (2017).

Explanation
Chartbuddy thanks talkimg.com

And IMO above all, that fucker Gensler nipping spot ETFs in the bud.

Super cycle brewing?

We really deserve it after a neutered bull run in 2021 due to COVID, FTX and China banning Bitcoin.


@BTC_Archive
GOLD vs BITCOIN - are you joining the dots yet?
Read on...

Market Cap:
- Gold : $19.4 TRILLION
- BItcoin: $2 TRILLION

👉Fed's Jerome Powell says Bitcoin is a competitor with gold, not the US dollar. Calls Bitcoin "digital gold".

👉U.S. Treasury calls Bitcoin "digital gold"

👉Bernstein research says Bitcoin will replace gold as the leading store of value within the next ten years.

👉Luke Gromen: US may inflate Bitcoin, like it did oil, to sell US treasuries (to stablecoin issuers) to finance deficit.

👉We stockpile oil, gold. China does it. Bitcoin is the world's first digital commodity - ex-CFTC Chair

https://x.com/btc_archive/status/1865415018805604518

We finally have a market participant who has an unlimited amount of money to play with! This cycle will be life changing for many! if it isn't already!