Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2141. (Read 26609133 times)

I understand that there are some ways in which bitcoiners are not really representative of what most people do, since most people do not even have any investments outside of their house (if they own it, which not everyone does) and their 401ks (if their employer happens to offer one), and so if any normies have investments beyond those two classes of items, they are already in a largely smaller segment of the population (perhaps the elite.. or the more elite).

Bitcoin (and dare I say crypto) might well get some normies to actually start to think about "investing," but I have even run into some folks in real life who really cannot see it practical to invest into anything beyond property and stocks.. and maybe they prefer property.. but the stocks might be a way to just attempt to build up enough of a down payment, since sometimes young folks cannot even get into property until they have already accumulated a certain amount that they can "throw away" towards all of the expenses of making the down payment and various related "getting into it" costs.

The matching portion could be quite a lure... but even sometimes normies do not even take advantage of those kinds of matching type situations, and I think that part of the problem might still be the idea of wanting to stay somewhat liquid - since a 401k seems so intangible because it is a retirement fund, which is so far down the road (20-30 years for younger people), and maybe normies don't start to panic until in their late 40s.. and gosh it could be kind of late by then to really advantage from the compounding that comes from starting earlier rather than later.. same with bitcoin, start earlier rather than later and don't be tempted to cash out too early.. until the investment compounds several times.. and gosh we have seen it so many times, that people sell because they get a 50% return or even a doubling or a tripling.. and they end up getting nervous and wanting to lock in their profits.

I don't claim to know the solution, exactly.. but just to say that building an investment portfolio seems to be a bit of a minority demographic, generally speaking.


Someone had said something about that "satoshi" post, but I did not see the actual post or the link, and I did not do a search.. so I guess I had missed it while it was still live.. ...


gembitz?  Is that you?

I will be driving out in the morning to go to the. mine in north jersey. I will look around a bit in my area to see how much damage happened.

We were lucky it was a smaller tornado 🌪️.

So far in New Jersey since 1992 this is third or fourth time  that they have be closer than 10 miles.

We are not exactly tornado alley.

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+3.3 WOsMerits

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Page parity next week.

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yeah saw that stuff hit NJ on the weather channel. glad youre safe, dont take any chances.

Well Mother Nature played its own version of an April Fool's prank on my town in New Jersey.

Small Tornado hit about 2000-3000 feet from my home.

F1 some tree damage etc.

Not a very nice April Fools day. I do have a friend lives about 750 feet from tornado path I will check on her tomorrow.

Too many power lines are down to move around safely.

In no way do these storms match the ones in Arkansas and the midwest earlier in the week.

Weekly Recap

1) 🇸🇦 Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.

2) 🇨🇳 China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades.

3) 🇨🇳 China and Brazil to settle trades in their own currencies, ditching the US dollar.

4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says.

5) 🇸🇦 Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion).

6) 🇰🇪 Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars.

7) 🇰🇪  President of Kenya tells citizens to get rid of US dollars.

Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local currency financial settlements.

9) 🇸🇻 El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.

10) 🇺🇸 US Senator Elizabeth Warren launches "anti-crypto" re-election campaign.

11) 🇮🇳 India to settle trade in Indian rupees with certain countries instead of US dollars, Commerce Secretary says.

12) 🇨🇳 Chinese yuan surpasses the euro to become Brazil's second-largest currency in foreign reserves.

13) 🇺🇸 US government to sell 41,500 #Bitcoin     ($1.18 billion) connected to Silk Road, in four batches this year.

14) 🇭🇰 Hong Kong regulators to assist #crypto firms with banking in effort to become a digital asset hub.

15) #Binance    and CEO sued by US CFTC over alleged regulatory violations

16) 🇺🇸 US Social Security funds are projected to run out by 2033, Reuters reports.

17) 🇫🇷 5 major banks raided by French authorities in €100 billion fraud investigation

18) 🇺🇸 Former President Trump says President Biden is directly responsible for the bank failures and creating an economic catastrophe that will only get worse.

19) MicroStrategy purchases an additional 6,455 #Bitcoin    ($150 million).

20) 🇺🇸 President Biden says the banking crisis is "not over yet."

Source Link

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Keep My Wife's Spam Out Of Your F***ing mouth!

That certainly sounds like JJG's life motto!

About myself, I guess I am still patiently awaiting the moment when I can restart going full retard at "weeeeeeeing" all day long.

No hurry. It will come. Soon.

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Satoshi Come back .........











                      April Fool's Day

Honestly, I have no idea of the system's "state". Lots of statistical information seem to disappear from the interwebs, or so it seems.
My smallish (way below FDIC limit) cash is in an unnamed SIB, but even then I am considering to move most of it to the money market fund for now. About 55% of my fiat is in money market funds, 45% in some risky stocks (used to be 50:50 before 2022 stock market declines), no index funds or mutual funds other than money market.
5% is, of course, very little, and NOT a winning move in 2023 (so far), although it was in 2022.

In 2023, bitcoin is the clear leader, followed by both stocks and bonds, RE is underperforming for obvious reasons.
Mentally, I am almost ready to get out of money market funds before most people do the same, so will be looking at all indicators like a hawk.
Currently, and for the last year, not doing anything with bitcoin, for better or worse, just hodling.

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Well, I suppose that if you are earning 5% interest on your dollars, then that is better than earning 0% or even  some faction of a percentage - and perhaps, 5% might keep up with inflation, but these days there are a lot of doubts regarding whether 5% would be very reflective of actual inflation.. and the suggestion that "we all have our own inflation number" does have some truth to it, even though that same statement is used to manipulate perceptions of actual inflation and to propagandize folks into maintaining some confidence in status quo fiat-based systems.

Any budget is likely going to strive to categorize various kinds of liquidity and surely there are needs to keep some funds continuously liquid to the extent that any of us have monthly expenses.  Wasn't there one point in which you, Biodom, had mentioned that you needed to have something like $15k per month of passive income merely to feel that you were at entry-level fuck you status, and surely none of us should be judging the standard of living or even the "accustomed lifestyle" that any of us expects, but there are so many folks in the world in which either $1 million entry level fuck you status will work, even if it is likely safer to consider $2 million as a kind of widely applicable number... and of course, if there is a passage of time, we always should be accounting for how that number might change (or get diluted) through the passage of time, but if we make a statement in 2013 that entry level fuck you status is $1million, then in order to be consistent, it does seem that based on so many things that have happened in terms of the denigration of the dollar (and perhaps especially since March 2020), it seems reasonable that doubling to $2million in 2022/2023 dollars seems in the ball park of reasonable.

It seems that around a year ago or so, I had mentioned in one of my posts that some supposed "expert" was proclaiming that if our number used to be $1million prior to March 2020, then now it would be $8 million, and I surely find that to be a bunch of bullshit and exaggeration, even though surely the value of the dollar could go shooting down, as it seems that Belaji's prediction of $1million per BTC to come by mid-June 2023 seems to require.. which seems to be quite below 1% odds of something like that happening in such a short timeline.

Things are looking pretty shitty, but not as if the whole system will collapse within 90 days or whatever (fewer days now, of course since that prediction was a couple of weeks ago).