Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2364. (Read 26713228 times)

C'mon buddy give us a little more

Explanation

Explanation

There is no doubt that Bitcoin will dominate the world in the coming days.
In the next few years, we may see Bitcoin become the sole currency of many countries, and the easy availability of Bitcoin could make that happen.

My Country (EI Salvador) buying a bitcoin everyday ---By President Nayib Bukele



I am still buying bitcoin Every week----By Twitter Founder Jack Dorsey



#Stronghands
#buying
#bitcoin

Bitcoin magazine

I am not sure whether I completely agree with you at least in regards to there being any need to have many options for paying; however, I do agree that the facts of the ways of the world is that we already have a lot of options, and if we have a lot of options, in accordance with Gresham's law, we likely would want to spend our less valuable assets prior to spending our more valuable assets .. and each of us should be able to conclude that bitcoin is amongst the best of assets, if not the best asset, so we should not want to spend that one first - yet there could be situations in which we might want to spend and replace bitcoin or that we are already overly invested into bitcoin and in that regard, there is no problem to spend some of our bitcoin because we are relatively overallocated to it.

I do believe that it is quite likely that all monetary will likely continue to gravitate towards bitcoin, but still it could take 150 years or even longer in order for various other monetary options to disappear.. so in our current world we do have quite a few monetary options, but there are some kinds of money that we likely would not even want to hold for very long.. so there is likley quite a bit of variation in various kinds of currencies that we might receive, and some of them, we might be willilng to hold for the duration of the transaction and others maybe we are o.k. holding 1-6 months and others we might be ok holding for longer periods..



Yep.. for sure problems if you get old and you might not have adequately prepared .. and some older people might ONLY have a pension or social security and maybe their house and they might not have other assets and their pension and social security might not be adequate to cover their expenses, so they might have a dilemma about what to do about their living situation, and it is not necessarily a comfortable situation.. and surely there are some folks who might not even own any real estate, so they have even fewer options when their fixed incomes might be failing to keep up with their ongoing monthly expenses... so it may be too late for those people to invest in bitcoin and they should have had been investing in the past (and yeah, we did not really have bitcoin until recent times, either).


I agree that you are not necessarily even in any kind of position to invest at all until you have your basics covered and your emergency fund.. and then once you have those covered, then it is up to your abilities regarding how aggressive/assertive that you are able to be in terms of your investment level into BTC.


hahahahaha

I have had similar experiences.  Talk them for a little bit, and they get less excited when it comes to figuring out how much they are able to comfortably invest... and the overwhelming majority fail/refuse to take any action.... so from my perspective, that's on them.  I did my part.


For sure, I would not suggest that anyone start with anything beyond some kind of level that is comfortable for them, and between about 2014/2015 until early 2020, I was recommending to just get off zero and to invest $10 per week and then figure it out later if they would want to increase their weekly amount.
 
After March 2020, I started to recommend $100 per week as the new $10 per week - even though of course, I am not suggesting anyone to invest more than they are able to, and I am also not suggesting that I am taking any responsibility over their decision regarding whether to invest and how much.. but at the same time giving guidelines regarding where to start.. with the realization that there may well be some desire to make some progress after 4-10 years or more of investing and for them to be able to reassess their situation at various points along the way...... and have pretty decent chances of making good progress 4-10 years or longer.. without any guarantees, either.

Again it's my experience that an overwhelming majority of anyone that I had gotten that far into the conversation do not end up doing diddly squat in terms of taking further action to actually set up a bitcoin account and to actually start buying some bitcoin on a regular basis... or to somehow follow up with me to inquire more in regards to how to start to take action... pretty rare, pretty rare.. and almost all of them would have been way better off if they had started to do something.. as long as they started to do it and continued.. for 3 years or longer.. (or going back three years or earlier, from here).. and yeah, I started recommending bitcoin in mid-to-late 2014, even though I had gotten started in late 2013.. I did not recommend anyone for my first 6-9 months in bitcoin.. I guess I was still learning and not quite convicted enough until I had spent a decent amount of time already noodling over it.. that probably would have been my having had spent greater than a few hundred hours studying it by the time I started to recommend it... and gosh, now, I likely have several thousands of hours.. .. and not that I am very smart or even studying the same thing over and over.. looking at some charts like shadows on a cave wall.. hahahahahha


Exactly!!! It is good to deny having Nostradamus capabilities from the start.  That's been my approach too.

I will say something like I think it is a good idea..

Get the fuck off zero..

start a plan that you can feel comfortable in terms of your level of building a position in BTC and 1% to 25% could be good with 1% being if you are wimpy and 25% if you are more aggressive and bullish, and in the end it is up to you to figure out the details, regarding how much, how to get there and how to manage your investment into bitcoin whether the price goes up, down, sideways or all three... which all of them are likely to happen, and no guarantees to get richie..though seems to be amongst the best of investments that are out there.. and perhaps even the best investment, so long as you don't end up recking yourself along the way.


sometimes I am mean about it, even in real life.. but i cannot help myself.. and if they are adamant and confrontational about their choices to invest in shitcoins, then likely we cannot end up in a battle.. we just have to agree to disagree and I will not concede that I think that they are doing anything worth while, except perhaps gambling... but whatever, I am around bitcoin and into bitcoin to invest, not gamble.


I have a few, and all of them add up together are less than 0.1% of my BTC holdings.. so I do not give too many shits about them.. and I usually do not do anything with them.. but whatever. .. I usually do not talk about any of them much or even if I am talking with anyone about their various contemplations or investments about shitcoins, I might mention some shitcoins that I own.. and do not care about... just to be able to relate or to talk about how dumb the shitcoins are. ..

Explanation

Explanation

I have 14 cent power in New Jersey

in the winter the heat is worth maybe 3-4 cents

so lets say 11 cents  a kwatt

a s19pro doing 100th makes 7 cents a th or 100 x 7 = $7.00

3kwatts an hour = 72 kwatts maybe 75 kwatts

x 11 = $8.20 for power vs $7.00 for earn means a $1.20 loss.

summer is far worse power is 17 cents and cooling is 3 cents  to 20 cents x 75 or $15.00 power cost. earning  $7.00 means a 8 dollar loss a day for summer.

NJ power rates  of 14 cents winter and 17 cents summer are decent rates for many states in USA.

Those numbers above kind of mean home mining is pretty much dead.

Only gear making money for a home miner is not a Sha-256 like the s19 pro

it is the L7 it makes $21 a day it burns in my home $8 in the winter and $15 in the winter summer.

so $13 profit a day in winter.
and $6 profit a day in summer

just think of it as shoveling shit to exchange for btc.

Explanation

Is home mining still a thing? I mean, average homes, not the bigger homes, probably built on bigger wealth.
If anybody starts mining at home nowadays, i think he will mine Shitcoins and convert them to Bitcoin, most of the time at least.
But regarding existing setups (in moderate homes), aren't times (current difficulty levels) hard enough, so that an increase of 0,5% of global hashpower, by a single miner, wouldn't add much of imbalances to the already existing ones? Well, it's definitely not positive for home based miners, true that.

...

I had not heard of this.  A company called TeraWulf is going to mince BTC with a nuclear reactor in NE Pennsylvania.  (Not really that far from E. Palestine, Ohio.)  I'm kind of amazed that the greenies (and PA regulators and voters ) are going to let them do that.  Once they have the 15,000 miners planned, they will run about 0.5% of the world's total hashing rate.

This kind of thing is going to make home mining harder.

https://decrypt.co/122264/terawulfs-nuclear-bitcoin-plant-one-piece-green-mining-puzzle

Inflation of the dollar can never be over. It is a inflation based currency I think people forget that and Bitcoin does not get enough credit for being deflationary.

It is the most important thing because without it you risk losing every thing that you own. If you have other people depending on you and you invest all of your money into Bitcoin or any other investment you are selfish and irresponsible and imo letting the people closest to you down. I think it is easier for single people to invest in bitcoin because they generally have less responsibility but that does not mean it is easy just easier.

Teaching them that Bitcoin can buy things is the 1st step but I agree that if they decide to teach them they need to teach them the importance of Bitcoin and its improvements on other currencies.

FTFY

I see a lot of people saying oh yes see they are teaching the childre to make a payment with BTC and its good  but they only teach team to make the payment and nothing more.

And this its the same as make a payment with a QR code with all traditional wallet payment now has. This children are not learn anything important about the BTC.

And plus the 95% of that news in second or third countries are pure lie make it by ONG or the goverment to give them money, because in the 99% of the schools of the country i can tell to you nobody its teaching that, but they announced this like it was, or its gonna happen, but the truth its not gonna happen, they make it in one or two school of high resources and nothing more. Ah yes i forgot, they take pictures of that to make it more reliable.

Explanation

I agree Bitcoin has its uses and I think what can be achieved with Bitcoin is truly great but I do not like the Bitcoin maximalist view that everything has to be used with Bitcoin because Bitcoin has weaknesses that cannot be avoided just like the current dollar system has weaknesses. They can be used together and I think that is what a lot of people confuse they think that Bitcoin should take over and become the only currency but having options is the best way. Bitcoin is decentralized but having many currencies is true decentralization because you are not stuck with 1 way of paying or receiving money for things.


Yes a lot of older people are on pensions which they have accumulated when they worked 20 years ago and now with inflation they cannot live off of it. A lot of retired folk that thought their retirement would be their time off find that they need to work it is why the retirement age in all countries continues to go up.

Yes it is a skill to determine how much you want to invest but it is a slipperty slope because if you invest too much and then have a emergency you risk losing a lot of money if it is in the bear market. The opposite is you do not invest much and you have a bull run but that cannot be predicted and I prefer the safety of having a emergency fund for my family so if some thing does happen I can support them. None of us know when a emergency can happen and it could be any thing it does not need to be a medical emergency.

It depends on your situation and there is not 1 answer that people can follow. I have been asked by family and friends on how much they should invest and I never tell them a figure I tell them to look at their life and determine what they need to survive and think about how much they want to make and when. A lot of them do not invest in the end because they thought it was a quick rich path which it is not.

Yes you can always tweak it but $100 a month is $1200 a year and that could x2 or x3. I think most people can afford $100 if they cut back on other things but the question is if they are willing to cut back on lifes luxuries to invest in Bitcoin. A lot of people will not.



Yes I have had family and friends as I mentioned come to me and ask how they should invest and how much is it going to return but my answer is normally based on how they ask. If they are asking how much Bitcoin can go up I become less interested if they are asking about why Bitcoin is a good alternative then I have all the time in the day for them. I have tried to convince many of my friends to invest into Bitcoin but none have seriously done it. The worse part for me is some of them are invested in shitcoins and that infuriates me to the max. I have played around with altcoins in the past but I soon realized that they are a mountain of shit that should be left untouched.

Yes you can tell them that Bitcoin should continue to go up but do not put a time frame on it. As soon as you do that they will expect quick returns and then it gets messy.

Yes


Yes.  Almost all events affect the price of dee cornz.

Can I tell my friends that bitcoin price is getting better, from your speculation is there any major event to look forward to that can actually affect the price of bitcoins?

Interesting, i didn't assume the DEX rate to be lower than 0.1% in trading volume ,SOMA.
So, it's apparent that the very most users either trust (way too much) in DEX or they are just not knowing. One could assume they are "too dumb", though.
Regulating BTC would include huge efforts to track and monitor accounts and identify address holders, black- and whitelist (connected) bank accounts, based on sane metrics, and if you think through it, much more. Even if BTC markets get regulated, and at international scale, they could only get it as far as existing regulatied markets do, which is also not perfect.
So let me refine my statement: Authorities could try to regulate the Bitcoin/Crypto markets to some extent, but it probably isn't worth the effort.

Neither they can effectively ban Bitcoin (and offsprings). I consider that as a nice outlook, even for hodlers, who wish to sell a lil bit every now and then. Permahodlers are not really effected, as long as buying stuff using Bitcoin isn't monitored by authorities (which would probably be an effort of too high magnitudes, too).


Congratulations!