Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2742. (Read 26714193 times)

Financially secure women means large melons with bitcoins... you sneaky fella... in that case you getting both, smart move!

Only bitcoin stays, not crypto. CZ still pumping his shitcoins empire, he needs to go.

Explanation

What if I prefer women with large breasts who are financially secure?

Explanation

Something doesn't add up!

Blockchain.com is reporting average confirmation time of 143mins / 71mins / 22mins for the last 3 days and other charting sites are pulling data from here...

However, I went back to check the actual blocks

GMT+11:00
15th/nov: 763,195 - 763,349 - 155 blocks (+11 blocks)
16th/nov: 763,350 - 763,499 - 150 blocks (+6 blocks)
17th/nov-current (9hs 30min): 763,500 - 763,551 - 52 blocks (-5blocks)

Can anyone confirm my calculations are correct? if anything it should be faster the last 3 days on average...

Think you're probably right. The "Earn Product" was/is definitely separate, as it's managed by Genesis which appear to have f'd up, whereas Gemini otherwise claim all funds are backed 1:1. So far their 188K balance has only dropped to 165K after news broke, so unlike FTX seems like traders still have faith with this exchange. Baring in mind it was technically Genesis providing the 2.5% APY, via Gemini, rather than Gemini itself.

Still think it's not a time to be holding any "unnecessary" capital (inactive) on exchanges right now though, just as a precautionary measure.

I would consider that Bukele's approach to bitcoin is a quite a bit closer to my approach to BTC rather than Philip's approach, yet ultimately the three of us have different approaches to BTC both historically and also what we currently are doing, so it is doesn't seem very accurate to lump them all into one, as if we were all doing the same thing.

One of the main sticking point with Philip's approach is that he never really did accumulate bitcoin on an ongoing basis, even though he has been into bitcoin for 11.5 years.. so it does not even seem fair to lump him in the same group, even if he happens to be the oldest in terms of length of time that he has had as opportunities to accumulate bitcoin.  He also sold recently and is cheerleading for lower prices in order to attempt to get a better BTC buy price while at the same time putting quite a bit of faith in the dollar.. and getting dollar yield.. which seems to be somewhat in tension with a motivated bitcoin accumulating approach.

Bukele does seem like a somewhat newbie to bitcoin, yet if we are talking about his countries accumulation of bitcoin  (in comparison to his own personal bitcoin accumulation - which we do not really seem to have information about that), his country really has ONLY been announcing themselves to have been publicly accumulating bitcoin since sometime around the time of their June 2021 announcement that they would be getting into bitcoin and establishing bitcoin as legal tender in their country.  They made several BTC purchases between June 2021 and recently; however, they did seem to slow down in their BTC purchases since about May 2022, and ONLY announced one time purchasing some BTC at around $19.5k.. perhaps at around the same time that Philip was selling BTC at around that same price.  So El Salvador and Bukele proclaims to have had never sold any BTC from the ones that they were accumulating, though it is not really clear how they are funding some of their BTC related projects, yet apparently that is coming from other funds - not their BTC treasury accumulation funds.

There still can be some overlap with similarities, yet with me, I proclaim DCA to be a strategy that is good for beginners and good for anyone to get into while they are still trying to reach some comfortably high levels of allocation towards BTC, and I proclaim to have had largely met my BTC accumulation goals in late 2014 - even though I did continue to feel compelled to accumulate in 2015 and 2016 - and maybe on a personal level I have been feeling as if I am somewhat back into BTC accumulation since May or June 2022, but my BTC accumulation is likely more in line with buying on dips rather than being very close to DCA - especially since I am also adding some new funds into my BTC purchases rather than just using money that I had accumulated from selling as the BTC price went up.. and largely that money of selling as the BTC price went up ran out around $18k-ish.

I promote DCA as one of the best of newbie BTC accumulation strategies - but as someone reaches more and more BTC accumulation, then his/her options should become greater because his/her BTC stash has increased - and so El Salvador seems to still be working its way up to getting towards higher levels of BTC accumulation, and I assert that I had already largely gotten to adequate and over-accumulation beyond my targets after late 2014.  Philip seems to have had never gotten there, even though he sometimes talks a BIG game - and he even gives what seems to be opposite advice in regards to proper mindset when he refers to the 50 year old with 100 or more BTC as if that person should be in a desperate state to sell BTC, when the opposite seems to be true.. because in fact the 50 year old with 100 or more BTC seems to be having way more options because he has BTC versus someone who does not have much if any BTC and is just sitting on his hands and buying $50 of BTC a week, which seems to be something close to what Philip is doing - which does not seem to be the place that any 65 year old should be in who had been into bitcoin for 11.5 years and seems to be dabbling with baby level BTC buys and praying for sub $10k BTC prices that may well NOT end up happening.

So BTC accumulation party depends upon where you are at, and if you put yourself into a place where you do not have coins, I would suggest that your BTC accumulation should be way more assertive.. rather than waiting around for the BTC price to drop.. and I suppose, even if El Salvador got nervous because of BTC price drops since May 2022 (or they might have been forced by public pressure to be nervous and to lay off of their aggressive BTC buys), they are showing signs of getting back into a reasonable BTC accumulation level that would fit for someone that is in their somewhat early BTC accumulation stages including that their BTC is not in profits and continuing to buy BTC will bring down their current average price per BTC.

Sorry for the late follow up...

I really didn't want to "name and shame" them. If i had felt there was something fishy going on, i would have no hesitation! Their intentions were great and all, just the speed of their communications was lacking. I have sent them a follow up email and suggestions to improve and they have taken it on board, lets hope support is there next time i need help!

But you are right about keeping options open, that was primarily the reason they were still on there! as much as i am HODL, i know some day i may want to take advantage of the demand and sit on the sell side of the wall! For now i am comfortable where i am.

The intention of the post was a reminder to have full control of your coins at all times! No matter how long they have been in business, how solid management is, all it takes is one major fuck up and your coins (actually their coins) are at risk.

And i don't mean just exchanges, old mining pools (I had almost 0.1BTC sitting there) and any other external custody.

The exodus of coins really does highlight the need for Exchanges to be more transparent with verification of their reserves (proven by signing with private keys etc...)

But what I am more excited with, is the idea that people are becoming more aware of self custody and taken control of their own Bitcoin! that is friggen awesome news!
 

Explanation

I would think that Gemini would be a bit better at keeping the funding or their various products separate, even if they had that "Earn Product" that was likely having some funds held in ways that the funds were "earning" greater interest somewhere else in order that Gemini could pay the relatively modest rates of 2.5% APY on BTC in that program. 

I personally never used that product, even though I do have some funds on their exchange.


Exchanges have tried those kinds of things historically, including their websites completely disappearing.. The BIGGER (and maybe well established in physical space) the harder it is for them to disappear like that.  hahahahaha

But they could have one person "supposedly" hold all the private keys to all the stash, go on an orphan saving trip to India and then end up dying.. which might be almost the same as disappearing from the web.


I can think of a few.. but maybe I should not make a list?

How about eXPHorizon?  He surely deserves it, no?

or

How about Billy_No_Coiner?  He surely deserves it, no?

Ok...

no reason to get personal or into elaborate lists...   

I suppose.


Don't do anything.  Just wait it out.

This is professional financial advice. from a nonprofessional.

Glad tidings, if you asked me. The crypto industry, of a truth, has come to stay.

https://twitter.com/cz_binance/status/1592508098648084482?t=_V3eT0EPlOFLSn0TTEYRvA&s=19

Explanation

I doubt that very many people who have any kind of clue regarding the situation actually buys into the "hacker" story, so it seems a bit misleading to be putting out this kind of information/assessment of the situation without describing a more reasonable context in which there were a lot of FTX folks acting in criminal ways, and this is likely an additional part of their insider ploys...

Sure, the evidence is not in yet.. so it may take a while to figure out who various aspects in which it might later be figured out who did what or where the the more reasonable inferences lead us.


Which largely should mean that people, whether long term HODLers, bitcoin newbies or some variation between, should be thinking about ways to be buying BTC rather than thinking about ways to cause themselves to hesitate to buy or pondering over their fantasies to sell high. .when we are quite likely not even close to being in a selling period... we are either in a buy more period or a HODL period if you happen to have some bitcoin, but if you don't have shit for bitcoin, you have nothing to HODL, so you better get your ass buying, even if the BTC price might go down or sideways from here rather than UP.


A bit of a dramatic presentation, and not very much substance there that goes beyond what is being said all over the place.

Explanation

Choose wisely bitcoin or big-melons...can't be both..

I think Nayib Bukele is among us and have been reading philipma1957 and JJG

He followed JJG and philipma1957's suggestion of DCA



https://twitter.com/nayibbukele/status/1593113857261965312

Explanation

In Bali there is a G20 meeting. The heads of state from several continents were gathering for discussion. In the many agendas discussed, the issue of the digital economy is also included in one of the agendas.

We can meet there @El duderino_