Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 237. (Read 26498557 times)

legendary
Activity: 3892
Merit: 11105
Self-Custody is a right. Say no to"Non-custodial"
@JJG have been thinking a bit about what you said about spending some btc, and replacing it. Looked into some memorable ways of spending my first btc, and came across an island(https://wikitravel.org/en/Big_Corn_Island) I think we all need to visit at some point, it even has a floating Bitcoin bar(https://www.tripadvisor.com/Attraction_Review-g612405-d24092796-Reviews-Bit_Coin_Island_Bar-Big_Corn_Island_Corn_Islands_Southern_Atlantic_Autonomous_Re.html)!

Has any one got some good/memorable suggestions for your first BTC purchase?

Will absolutely replace what I spend tho!

I tend to think about spend and replace in more manageable levels, and so any kind of spends that you do really would not even have to be anything very memorable or big, since it seems that the BIGGER the spend, then potentially the more difficult to replace... unless you already have a few thousand dollars that you have in your bank account and then you spend that few thousand using bitcoin (since you found a place that accepts bitcoin for your hotel or flight or food or something like that), and so then you plan your spend and replace accordingly.

Surely there can be some times in which you might spend, and you feel a bit of luxury in the timeline of your replacing those BTC, yet I surely found that with my earliest of spend and replace circumstances, I ended up being a lot more nervous about not pushing my luck, since I wanted to make sure that I was able to buy back as many BTC as I had sold and also to over any transaction fees that might have had been involved in the transaction.. perhaps even getting a little bit of a bonus amount of BTC for the same amount, even though in my earliest spending situations, I tried not to be greedy in terms of making sure that I covered all of my costs and then locking in the buy back.

I did have some situations that I sold and then the BTC price moved against me (where the BTC price goes up rather than down), so that can happen as well..

Edit (about 3 hours after my original response):
 I went back and looked at the contents of your links again, and the first time, I had not really noticed how a coiner would be spending his bitcoin, and if you were suggesting going on a trip to such Island and if you might be able to use bitcoin for the trip then that is one thing, and then on second glance, I recognized that the Bit Coin bar is playing off the Bitcoin name, but there is nothing really too bitcoin about the bar or even that bitcoin would be accepted.. They accept 10 dollars for a boat ride out there.. so maybe wanting to get into a boating accident could be a bitcoin-related thing, and then from one of the reviews, it appears that they give you 6 Bit Coins (plastic ones and not real ones according to the review), and each Bit Coin could potentially buy you 1 drink, which truly would not be a bad deal, presuming someone takes you back to shore at some point rather than leaving you out there or having to swim back to shore, yet I am still puzzled about where actually verified bitcoin might come into play within such a trip and/or experience beyond the mere play on the word with the use of Bit Coin in the name of the bar?
hero member
Activity: 938
Merit: 1891
bitcoin retard

Of course i want to see Bitcoin pump as fast and as high as possible so i can finally place my order at the Porsche dealer.

Unfortunately, it will not happen anytime soon.

I can only hope you are talking on behalf of proudhon
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1612
Merit: 1608
精神分析的爸
@JJG have been thinking a bit about what you said about spending some btc, and replacing it. Looked into some memorable ways of spending my first btc, and came across an island(https://wikitravel.org/en/Big_Corn_Island) I think we all need to visit at some point, it even has a floating Bitcoin bar(https://www.tripadvisor.com/Attraction_Review-g612405-d24092796-Reviews-Bit_Coin_Island_Bar-Big_Corn_Island_Corn_Islands_Southern_Atlantic_Autonomous_Re.html)!

Has any one got some good/memorable suggestions for your first BTC purchase?

Will absolutely replace what I spend tho!

Do I get that right, you plan to spend BTC for something just for the sake of spending BTC and plan to later buy it back?

Can't follow this line of thought to be honest. Spending BTC is not fun, it's always painful as you sold always too early. Buying BTC is the fun part.

Again (mis-)quoting JimboToronto with: "Buy if you can, sell if you have to."
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
These graphs clearly show that demand far exceeds supply. Over 400,000 bitcoins have been withdrawn in the last 6 months, which is 15%. In 1 month over 100,000, with 40,000 withdrawn from Kraken alone yesterday. In 4 months, Kraken's reserves are down by nearly 40%. Mathematically, what is happening now is impossible - bitcoins are running out and the price is going down. This proves only one thing - that there is invisible manipulation. Nothing new, it was the same in 2020 when bitmex played against their customers. One day their bosses were arrested. The next day those nasty barts stopped, if you recall. It's the same now, I'm just not sure exactly which exchange is the cancer. It's clear that they are selling off non-existent bitcoins somewhere. The problem is that traders are influenced by the price of derivatives, even when they don't have the backing of owning bitcoins. So the culprit is most probably between bitmex, binance and bitfinex, and perhaps all of them. But I know from experience that somehow this problem will get resolved. At the very least, soon the bitcoins on kraken will dry up. Then coinbase, etc., and at some point the derivatives crooks will get screwed up badly by not being able to drive down the price with their paper bitcoins. And then there will be no one to stop the bull run.

(Click on the images for enlargement.)





P.S. There are some rumours that FTX will repay $16 billion cash to their customers. Whether it will be in USD or USD Tether, it remains to be seen. When exactly it will happen is not certain, although Q4 is still possible. One can only speculate how much will be invested in Bitcoin, and will it affect the price significantly.

full member
Activity: 241
Merit: 191
@JJG have been thinking a bit about what you said about spending some btc, and replacing it. Looked into some memorable ways of spending my first btc, and came across an island(https://wikitravel.org/en/Big_Corn_Island) I think we all need to visit at some point, it even has a floating Bitcoin bar(https://www.tripadvisor.com/Attraction_Review-g612405-d24092796-Reviews-Bit_Coin_Island_Bar-Big_Corn_Island_Corn_Islands_Southern_Atlantic_Autonomous_Re.html)!

Has any one got some good/memorable suggestions for your first BTC purchase?

Will absolutely replace what I spend tho!
legendary
Activity: 2520
Merit: 3038


Fake moves, here and there
We know she don't give a f***
The dude stole my words




#haiku
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.

Of course i want to see Bitcoin pump as fast and as high as possible so i can finally place my order at the Porsche dealer.

Unfortunately, it will not happen anytime soon.

Hmmm I don’t know… not anytime soon is just hard to say…
Not tomo yes I follow you… not in weeks or few months? Then I just say anything can happen.
legendary
Activity: 3512
Merit: 4557

Of course i want to see Bitcoin pump as fast and as high as possible so i can finally place my order at the Porsche dealer.

Unfortunately, it will not happen anytime soon.
legendary
Activity: 3388
Merit: 3514
born once atheist
Tonight Let’s Go Trump,
Orange man needs to win guys,
Bitcoin will pump hard.


-Pre-Debate Haiku-


No comment Cheesy  

I will say this, interesting not much mention of it. (yet) Gee I wonder why? lol



In memory of all those lost on this day  (minute of silence)
legendary
Activity: 3892
Merit: 11105
Self-Custody is a right. Say no to"Non-custodial"
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
sr. member
Activity: 420
Merit: 315
Top Crypto Casino



Likely because of this.
https://www.google.com/amp/s/www.hindustantimes.com/world-news/us-news/harris-rising-odds-fluctuate-crypto-and-betting-markets-post-debate-trump-takes-a-hit-and-falls-by-101726034213639-amp.html

Harris edging closer.


Personal view
I feel some individuals would sell their holdings before the election if nothing changes.
Before entering after the result
But doing so might be too late
Selling cheap to buy expensive or the other way around.


Quoting error
legendary
Activity: 3892
Merit: 11105
Self-Custody is a right. Say no to"Non-custodial"
JUST IN. Bitwise chart shows #Bitcoin historically pumps in price after being down in September  Huh Bullish  Roll Eyes


I am not much of a fan of figuring out what to do in respect to BTC accumulation and/or BTC portfolio management based on months of the year, since either you are accumulating bitcoin or you have already accomplished your BTC accumulation goals, which an overwhelming majority of the world's population is in the former group (or they should be in such group.. or they are in such group without realizing such a thing).. so in other words, September should be an even more serious month to for an overwhelming majority of folks to be accumulating the cornz... yet I have my doubts on that, too... since it probably is going to end up being the case that BTC accumulation is taking place in a kind of delayed way and while BTC prices are going up in the coming months... guaranteed to go up?  of course, not... yet let's see what ends up happening..

For some strange reason, I have tended to sleep a lot better after having had mostly gone through my accumulation of corn as compared to when I was going through the accumulation stages, even though I also look back fondly on those days, which was largely, when in doubt buy some more.. .. should be simple times, which anyone in their BTC accumulation stages should be considering, even though there are a lot of BTC dumbasses that falsely presume that waiting is an adequate BTC accumulation strategy, and hey, maybe such a gamble (of waiting) will work out for them, and maybe not.

Why did you get an iPhone 4S for more than 150 bitcoin while the XS 'only' costs you 0.15? That is the problem with these Bitcoin OGs, they completely lost touch with reality.

Part of the issue in regards to many monetary theories that involve presuming if subjective value is going to contribute towards consuming today versus waiting for tomorrow, and surely there are things that we are going to want today rather than waiting until tomorrow, whether that is an Iphone, hookers, lambos and blow or maybe even something that might have some mixed investment attributes, such as residential property.

One of the problems that I had with that particular chart was not really understanding the presumptions of the chart, and surely there can be a difference, also, with top of the line versus the most basic level of the iphone.. yet sure even the iphone is more difficult to compare as compared to using something like the BigMac as a comparison point - even though even with something like the BigMac we might wonder about changes in the quality of ingredients.

Second, regarding the "crypto" ownership chart, I am not really sure of 1) the meaning of crypto, 2) the source for the chart and 3) how are they defining ownership (I would imagine that there is a threshold level of ownership to count as an owner or as a past owner).
This little graphic may have originated at some exchange or from aggregated data from a couple of exchanges?
I found this one, seems to show more realistic figures, and there are links to source reports (at a fist glance, i'm still checking this out ATM).
https://www.triple-a.io/cryptocurrency-ownership-data
And yeah, it's "crypto" (the shadow of Bitcoin), again  Roll Eyes

I did a quick glance at the linked page, and it does give some additional countries and perhaps updates (and more specifics) in results.  It is interesting that for several countries they show the overall population size and the number of "crypto" owners to show the percentage, and worldwide they are showing more than 560 million people (which would be right around 7%) "owning crypto," which truly is way beyond my lame ass amateur estimates of less than 1% of the word's population owning crypto.

I could not really see how they calculated "crypto ownership" (like maybe a threshold of $10 or more preferably something like $100 in value), and even though there was an option to download the report, I did not want to provide an e-mail address.

Fake pump.

I am glad that you got it all figured out.

 Cheesy Cheesy Cheesy Cheesy Cheesy
legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Fake pump.

no reaction is about 200eh moving off btc to mine


 https://www.fractalbitcoin.io/


https://explorer.unisat.io/fractal-mainnet/miningnice


https://www.nicehash.com/my/marketplace/SHA256ASICBOOST



Quote
https://newhedge.io/terminal/bitcoin/difficulty-estimator
Latest Block:   860887  (6 minutes ago)

Current Pace:   80.2963%  (56 / 69.74 expected, 13.74 behind)

Previous Difficulty:   89471664776970.77                            
Current Difficulty:   92671576265161.06                            
Next Difficulty:   between 77766367416115 and 91708612988815
Next Difficulty Change:   between -16.0839% and -1.0391%
Previous Retarget:   Yesterday at 10:55 PM  (+3.5765%)
Next Retarget (earliest):   September 25, 2024 at 3:26 AM  (in 13d 16h 53m 35s)
Next Retarget (latest):   September 28, 2024 at 9:22 AM  (in 16d 22h 49m 34s)
Projected Epoch Length:   between 14d 4h 31m 0s and 17d 10h 26m 59s



now every time this type of 'new' sha256 coin showed up it died out.

but right now a 1 eh miner was earning 0.69 btc a day 3 days ago he is now earning 1.2 btc  a day.


So wait and see how long this so called major event takes to flatten out or not
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