Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2473. (Read 26711434 times)
January 23, 2023, 08:01:17 PM
January 23, 2023, 07:01:21 PM
January 23, 2023, 06:44:58 PM
Your choice of course, and surely it is likely that some guys and gal will likely get worried about receiving a mindrust treatment when they share too much that is contrary to what many of us consider to be best practices. As you likely realize, I prefer to speak in terms of hypotheticals, yet of course, some of my assertions describe how great life is going and blah blah blah, so maybe a little more complaining might be in order? even for yours truly?
No mindrusting here
But the powder was too damp
I made no killing
#haiku
January 23, 2023, 06:11:28 PM
When I got into bitcoin (in late 2013) I was thinking 1-2 years minimum... and so I was not even so strict upon my lil selfie as to really lock myself in, and frequently, since about 2017/2018, I tell people that the investment thesis is so much stronger now than it was in 2013, that any of us should be able to attempt to conceptually lock ourselves into a 4-10 year or longer investment time horizon right from the start of getting into bitcoin. I am telling people that because I think that my own conviction has adjusted but also I think that the actual investment justifies the ability to get into it with a 4-10 year or longer investment time horizon.
When I talk with people about this 4-10 year or longer investment timeline, they say the right words like "yes, that sounds right" but I really don't get the sense that anyone really wants to commit to anything that long.. and even 2 years is feeling like a long time for them.... of course, there can be circles in which people have more confidence and are able to show more enthusiasm.. but normies seem to have a lot of reluctancies to really buckle into a long term investment plan that includes bitcoin as one of the components.. whether that is a low allocation such as 1% of their total quasi-liquid investment portfolio or something more aggressive up to 25%.
Maybe my recent interactions are skewing my judgement a bit, because I know that between late 2015 and early 2019, I had quite a few more interactions with people who were more apparently inwardly motivated towards establishing and maintaining a longer term investment thesis in bitcoin, and some of those people were already somewhat predispositioned towards bitcoin by the time that I had spoken with them as compared with folks who seem to be getting a vast majority of information from me or from the contrasting misinformation that they seem to be getting off of mainstream media sources.
Agreed in a more general way, the concept of along term investment is that long term definition has turned into a couple of years where I would go further and say it’s at minimum 10yrs to 30yrs. It almost lines up to a mortgage term and that’s how I see long term in any investment. In relation to btc and the first ones in is there any on chain data would could get a gauge on how much stuck to at least 10yrs holding.
yeah 10 to 20 is likely proper thought pattern here.
January 23, 2023, 06:01:17 PM
January 23, 2023, 05:48:48 PM
10 merit for ivomm
But should also DE-merit for bear prices in the good content….
But should also DE-merit for bear prices in the good content….
January 23, 2023, 05:16:41 PM
When I got into bitcoin (in late 2013) I was thinking 1-2 years minimum... and so I was not even so strict upon my lil selfie as to really lock myself in, and frequently, since about 2017/2018, I tell people that the investment thesis is so much stronger now than it was in 2013, that any of us should be able to attempt to conceptually lock ourselves into a 4-10 year or longer investment time horizon right from the start of getting into bitcoin. I am telling people that because I think that my own conviction has adjusted but also I think that the actual investment justifies the ability to get into it with a 4-10 year or longer investment time horizon.
When I talk with people about this 4-10 year or longer investment timeline, they say the right words like "yes, that sounds right" but I really don't get the sense that anyone really wants to commit to anything that long.. and even 2 years is feeling like a long time for them.... of course, there can be circles in which people have more confidence and are able to show more enthusiasm.. but normies seem to have a lot of reluctancies to really buckle into a long term investment plan that includes bitcoin as one of the components.. whether that is a low allocation such as 1% of their total quasi-liquid investment portfolio or something more aggressive up to 25%.
Maybe my recent interactions are skewing my judgement a bit, because I know that between late 2015 and early 2019, I had quite a few more interactions with people who were more apparently inwardly motivated towards establishing and maintaining a longer term investment thesis in bitcoin, and some of those people were already somewhat predispositioned towards bitcoin by the time that I had spoken with them as compared with folks who seem to be getting a vast majority of information from me or from the contrasting misinformation that they seem to be getting off of mainstream media sources.
Agreed in a more general way, the concept of along term investment is that long term definition has turned into a couple of years where I would go further and say it’s at minimum 10yrs to 30yrs. It almost lines up to a mortgage term and that’s how I see long term in any investment. In relation to btc and the first ones in is there any on chain data would could get a gauge on how much stuck to at least 10yrs holding.
January 23, 2023, 05:01:17 PM
January 23, 2023, 04:26:01 PM
Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.
Quote
Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.
they are correct.
and it should be great for BTC
January 23, 2023, 04:01:37 PM
January 23, 2023, 03:36:35 PM
For the time I have been involved in Bitcoin 5 conversions are actually not that many, but as I wrote before I'm not doing it actively...
And of course, in case sirazimuth doesn't talk about being in BTC to anyone irl, I could certainly understand that his count is 0.
But otherwise being in this space for 8 years without infecting anyone with the BTC-virus is a bit difficult to understand for me ...especially since BTC is such a grand innovation...
Maybe my contrast was largely intended to suggest that getting someone into bitcoin might still cause questions regarding how committed they happen to be../.and yeah maybe we are quibbling.. and I know that I touched some folks in regards to my bitcoin discussions with them, and in some of those cases, we are not in very good touch, so I wonder how committed that they might be in regards to if they ever bought bitcoin or if they held onto bitcoin that they said that they bought.And of course, in case sirazimuth doesn't talk about being in BTC to anyone irl, I could certainly understand that his count is 0.
But otherwise being in this space for 8 years without infecting anyone with the BTC-virus is a bit difficult to understand for me ...especially since BTC is such a grand innovation...
When it comes to my surrounding I make it very clear that BTC is not a get-rich-quick vehicle. So most of my "conversions" have a time horizon of many years, some even 10-15 years. And I guess I couldn't expect more than that from a newbie.
Of course, I know that these kinds of people exist - but I find people to NOT want to commit to such long time horizons, even if they say that they are ready, willing and able to do it.
When I got into bitcoin (in late 2013) I was thinking 1-2 years minimum... and so I was not even so strict upon my lil selfie as to really lock myself in, and frequently, since about 2017/2018, I tell people that the investment thesis is so much stronger now than it was in 2013, that any of us should be able to attempt to conceptually lock ourselves into a 4-10 year or longer investment time horizon right from the start of getting into bitcoin. I am telling people that because I think that my own conviction has adjusted but also I think that the actual investment justifies the ability to get into it with a 4-10 year or longer investment time horizon.
When I talk with people about this 4-10 year or longer investment timeline, they say the right words like "yes, that sounds right" but I really don't get the sense that anyone really wants to commit to anything that long.. and even 2 years is feeling like a long time for them.... of course, there can be circles in which people have more confidence and are able to show more enthusiasm.. but normies seem to have a lot of reluctancies to really buckle into a long term investment plan that includes bitcoin as one of the components.. whether that is a low allocation such as 1% of their total quasi-liquid investment portfolio or something more aggressive up to 25%.
Maybe my recent interactions are skewing my judgement a bit, because I know that between late 2015 and early 2019, I had quite a few more interactions with people who were more apparently inwardly motivated towards establishing and maintaining a longer term investment thesis in bitcoin, and some of those people were already somewhat predispositioned towards bitcoin by the time that I had spoken with them as compared with folks who seem to be getting a vast majority of information from me or from the contrasting misinformation that they seem to be getting off of mainstream media sources.
January 23, 2023, 03:12:41 PM
C'mon Buddy, stay p o s i t i v e 
January 23, 2023, 03:01:17 PM
January 23, 2023, 02:56:08 PM
Check out "The recruit" it's pretty good.
January 23, 2023, 02:29:32 PM
Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.
Quote
Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.
Another example of why the empire is nearing its end. The Dollar will crumble pretty soon. It's frankly astonishing that this is being accelerated by such moves.
The question I guess is, is this intentionally stupid or just plain stupid?
First off, both parties are responsible for the debt, this much is clear.
There was no such debit limit posturing from GOP during Trump years AFAIR.
Second, US is unique in pretending that debt limit is "real" like a credit card limit.
No other country (apart from Denmark) has a debt limit measured in a set value, not in % of GDP.
Realistically, with more than 1 tril in deficit every year, what kind of debt ceiling one can talk about?
It's all fun and games (political).
Another question-how long can it continue?
I am not sure, especially with 5% interest payment on a short term debt.
However, why would dollar crumble against other fiat if they ALL do the same?
It may crumble against bitcoin for sure, but isn't it what we all expect?
January 23, 2023, 02:23:36 PM
#Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs
https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
January 23, 2023, 02:05:51 PM
When Democrats "push" for "something" it's 90% performative. Just something to excite the base, with no intention of actually making it into law.
January 23, 2023, 02:01:27 PM
January 23, 2023, 01:18:09 PM
Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.
Quote
Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs.
Another example of why the empire is nearing its end. The Dollar will crumble pretty soon. It's frankly astonishing that this is being accelerated by such moves.
The question I guess is, is this intentionally stupid or just plain stupid?
January 23, 2023, 01:15:57 PM
Japan PM says country on the brink over falling birth rate
https://www.bbc.co.uk/news/world-asia-64373950
Happy to be of assistance to about 100,000 21-25 year old Japanese females.
Just don't expect any child support.
https://www.bbc.co.uk/news/world-asia-64373950
Happy to be of assistance to about 100,000 21-25 year old Japanese females.
Just don't expect any child support.
This will be the fate of many countries with a financial system based on growth. Unlimited growth is not possible in a limited world. Populations will shrink and the rental systems (yeah, some countries have such things) will collapse. Some countries try to delay this system collapse with immigration, but this creates other problems.
I suspect the climate change restrictions we will face are just an excuse for this population growth problem.
Well of course, I didn't want to post that reality as it is quite a sad one; but any empire that starts fussing about pronouns, promotes abortion, promotes drag queens in class rooms, promotes loathing of the majority race whilst making raising families near unaffordable/unmanageable is probably doomed.
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