Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3242. (Read 26717946 times)

Explanation

https://twitter.com/MacroAlf/status/1548442604693467140?t=cV4-Gm14PHT2BjBNbtwW5A&s=19

Investing been hard during these turbulent time/ year. Bitcoin is indeed a real store of value. Be patient while you hold.
 

I must admit that I kind of like your whimpiness in some kind of way, and how heavily you seem to want to defend it in a way that borders on desperation .. hahahahaha

I am employing a whimpy spelling of the word wimp...


You likely realize that my reason for describing you as a whimp or wimp or whatever has to do largely with your reference to an accumulation style that seems to considerably hesitate in terms of ongoingly engaging with bitcoin and even buying at any price or whatever.. .. I don't claim to know your exact details, even though I have made some characterization of some of your ways of describing your thinking in regards to BTC accumulation, which subsequently likely affects your fear of selling BTC  since you likely don't even have close to enough - based on what seems to be your own self-imposed limitations.

That's o.k.  it is no big deal to me... even though it can be funny, from time to time, regarding how worked up you seem to get regarding some of these matters.. and you don't really seem to lose your temper as often as you had in earlier times, either..

Sure there seem to be some guys who did end up specifically selling around $50k to $60k, and buying back decently amounts of BTC at decently low prices.. and there seems to be some credibility behind their having had done that - even though I did not really agree with that approach but it did seem to work out pretty well for them both in financial and seemingly psychological ways too.. .. and in the end, each of us have our circumstances - and if you had done the same thing, I might have gotten on your case for engaging in some seemingly inconsistent behaviors.. and I did get on the cases of some of our members who did sell higher and buy lower, even though technically they did end up engaging in financially profitable conduct.    


I don't like the idea of calling "unfunded" as a bet... You seem to be making a prediction, and personally, if we are going to bet, I would prefer to actually bet, even if it were to end up being for a decently low quantity of satoshis... but maybe something at least meaningful enough that it might be more than the equivalence of $10.. but of course, if there are disparate odds, then the quantities might be much greater for one side as compared to another.. like for example when you made your bold statement about $200k not being reached by the end of 2022-ish.. something like that.. . and now your statement is not looking so outrageous, even though you went on radio silence when I wanted to try to get you to agree to some kind of monetary value on such bet (empty bet from you, as we subsequently discovered since you did not want to stand behind your own words.. because likely even you realized how extreme they were).

That sounds too subjective to me, even though you are making a bullish statement.

It also does not really sound like something that is bettable in the strong enough sense that we would even be able to create bettable terms in which would take opposite sides of such a bet, if we were able to objectively frame it.


I don't know.. a 2x to 3x spread should not be that difficult to justify having had sold.. even if accounting for taxes.  And of course, the sold BTC might have a cost basis of $200 to $3k perhaps, so selling at $60k-ish would be mostly all taxable.. .. but I don't really see any major issue in terms of having to pay taxes based on profits, and it seems that I have declared some BTC sales in my taxes for the past 5 or 6 tax years, and there was even one year that I was nearly finalizing my filing, and then within about 48 hours of my filing it, I discovered some sales that I had made and I had overlooked.... So, I had to spend nearly a day.. trying to figure that part out.. because it kind of threw me for a loop because I was considering that I had not had any reportable sales that year... fuck.. it seems to all have worked out.. .. and I don't feel deterred by any of that.. and even a couple of years, I ended up paying in way more than I usually did because I could not figure out any way to off set them or anything like that...

but it was still well worth it overall from my overall cash flow situation from those years by having those extra BTC to be available to me and to be able to have that money (BTC) was way better than if I had invested that same value in traditional investments.. something like 30x to 40x better.. if you consider in a more overall framework to take a snap shot of various investments and to find total BTC portfolio being UP about 50x to 80x or something like that for around an 8-year period, and various other investments of everything else not including BTC were up like 75% for that same 8-year period.. so something like a 30x to 40x difference in performance depending upon when exactly the snapshot comparative assessment between BTC investments and non-BTC investments would have been taken.


I think that guys can figure out various points to shave off even decent quantities of BTC and not feel bad either way.. and there is a way to find that kind of a balance.. and shaving off 5% seems more than reasonable.. .. even though I have some objections to shaving off at round numbers.. so perhaps shaving some off (let's say 3%) in the $85k to $93k range and then doing another shaving of some (let's say 2%) in the $112-$118k range would come off as more reasonable from my way of thinking about lump sum presets.. because I am not so thrilled with rough numbers that everyone else is using.. which can cause for a manipulation point.. .. and then a kind of deadman's zone if the number breaks, then it becomes likely to go shooting past it..


But then you would not have 20 BTC anymore...

 

You would be eliminated from the 20+ BTC club..

Didn't you get the memo?

and when BTC prices reach $10 milliion, you would no longer be able to reach your $200 million fuck you status... that would suck. You would need BTC prices to go higher than $10 million.. #justsaying.


You're selling BTC so that you can buy stonks..

hahahahaha

you really take the cake, sometimes.


In other words.. you sound diluted..  (a while back, I had already determined that might be part of your problem... your underlying "whimpy" problem... hahahahahahaha)..


No not necessarily deluded (but maybe that too?) but diluted..

On 15 July 2022 it was 15 and today on 17 July 2022 its 24. Price is going up but still under 22k.

Is there anyone who is greedy at the moment? Just asking

Explanation

About VR, I was listening to the radio in my car a couple hours ago and it was the subject matter, funnily enough. The French journalist was saying he got invited by facebook/meta to see their test rigs, that apparently Zuk himself test tries. They said that they were studying ways to trick the brain, not connect to it as I said earlier, but have for example moving screens/lenses in front of the eyes that would cause the eyes to focus in a certain way.

He said it was fascinating, but also that they were far from ready.

Explanation

hahahaha

I feel you vapourminer.. I feel you.. even though I don't want to feel you..

Rusty pipe is not going to feel good...

I doubt that staple food attendee Bawb would exempt me (that fuck) . (he might exempt uie-pooie, since you tend to be more likeable, just saying).... even though I am supposedly an oldie in these here parts.. cannot even grandfather out of that.. probably.. so no thanks.. for sure..


Me no likey correlation.


Me really no like this idear..


Yada yada .. ur lil selfie..

bearer of bad newses...


 



Can you pick up that mic on the way out?

Chlorine hell in elevator in Shanghai : https://www.reddit.com/r/shanghai/comments/vzc8bt/chlorine_hell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

 The NCAA was scraping the bottom of the barrel this year.  Witness the only other nominee who incidentally spent more than two years trying to become a woman:

Explanation

Explanation

They attack what they Fear, if they didn't think it endangered them they would just ignore it.

I still don't know why some people still don't believe in Bitcoin as an an investment.
Can we call them Bitcoin antagonists or just forget about them?
I love my Bitcoin and I would make more money from it while they keep to their ignorance 😂

Explanation

Woman of the year.





I would have given the award to the big booty Latina AOC.
She is dumber than a bag of rocks but she does look great in that dress. 
https://www.youtube.com/watch?v=GExHj1xrVQU&ab_channel=MarkDice

hey i sold some on the latest run up in the 50ks and 60ks. and with no intention to buy back, although as it worked out i did buy some back just cuz the price was to good to pass up.

i mean those who say "HODL FOREVER!!!!!" well cool if that works for you. me, i sell on the uppidies, and sometimes buy back on the dips - depending on whats going on in meatspace at the time. but mainly i sell on the ups to get enough fiat to coast through the inevitable bear markets without worries about the price.

i do hobby mine shitcoins to trade for btc so i always have a small dca thing going on. that helps things out too.

naturally what works out decently for me may not for others blah blah etc. JJG called me a "walking moral hazard" once. take that as you may 

We are likely going to be dealing with no coiners, low coiners and shitcoiners for a decent amount of time.. hard to predict the future though.. dollar is going to last for how long?  at least 10 years, no?  It's hard to know. It's hard to imagine a world in which the dollar were to disappear and then there is some gravitation of people into shitcoins?  I am having troubles .. except having pretty good ideas that having some kind of bitcoin hedge - even if it is not a whole lot.. 1% to 25%.. and yeah... get the fuck off zero.. and 1% seems almost a minimum.. but people likely don't even do that because they seem to still have troubles knowing what is bitcoin.. they know what is the dollar (at least they think that they know that having more of those dollar thingies is better than having fewer.. hahahahahaha.. why is these BBQs costing more and more and more? and why are there so many zeros on the end of my dollar bills.. reintroduction of the $10k bill.. great.. ).. and they know what is gambling (well they seem to love to get caught up in it)..


Those ramps seem to need to be regularly activated.. NOT trying to say what to do.. .. but sometimes I am doing some back and forth with fiat systems just to do it and to keep it active and to know that it is active.. but still sometimes they dry up.. those fucks..

fiat overlap seems almost inevitable.. and maye one of the reasons to spend more time on BBQ expert friend.. because sometimes it may well be good to have some ways to directly transact with people.. instead of going back and forth through fiat systems that can get blocked.. and actually when I was in another geographical location, I had developed a pretty deep network of direct interactions.. but some geographical areas are less endowed with even possible people.. .. and sure some of them might get on board.. so maybe will be easier at some point down the road.. 10 years?  20 years?  pay with lighting in local stores?.. so yeah.. we have buying and selling.. hate to deviate into the "we need transactions" talking points of the big blockers..


VR gear?  Will I earn a token?.. gosh.. I hope not.. but one way to guard some OPSec matters..

Well.. $1million by 2025?  not sure.. not sure.. I thought up to $1.5 million had a 0.5% chance for this cycle.. so it should have even better odds for next cycle.. which would include 2025.. but have not worked out the probabilities, yet... harder to really get enthusiastic.. while still stuck below the 200-week moving average, currently at $22,617 as of yesterday.


You are right that 1 BTC is way more reachable than what it was in the last year and a half.. but it still seems a bit high for those outside of  the western world for an initial target... .. and so I still think that sticking with 0.21 BTC seems a good generally applicable starting point..  ..and of course, we can battle back and forth about this.. but even fucking normies in the western world, who hardly are able to save shit (think of BBQ guy), they need to get inspired to get the fuck off zero and to get an amount that is manageable for them.. .. yeah, if they go above the initial goal, then that's fine.. but getting to 0.21 BTC seems a great start.. like an amount that once you get it, you are not dipping into it.. and it could even take some of the folks a whole fucking long time, even though they might consider themselves as stacking sats..

Take my example of a person who I had been talking to about bitcoin since at least early 2016 (BTC prices around $400-ish), and the person even said that I was talking with them about it before that, so whatever, I cannot always remember, but my point is that this person only got involved in mid-2021.. So since the person owns a house and lives a pretty comfortable life in terms of frequently splurging on lodging or good quality food ingredients, I suggested starting at $100 per week, and the person did about $50-ish per week.

I am thinking that the person did less than $50 per week based on some of my conversations, and sometimes I have been afraid to get into some details recently because sometimes when I do talk about the topic, the person seems to have few clues about why bitcoin except number go up and that I recommended it.. and doesn't seem to do any of the homework that I gave.. hardly any maybe once in a while saying that reading had been done (I have my doubts).. .... and we know that number goes up but surely not in recent times.. not even in the past 1.5 years.. and maybe not even in the past 4.5 years if we go by our 2017 top.. ..so even smart people seem to fail/refuse to do hardly any due diligence that helps them to actually understand in any kind of meaningful way.. and so a year buying at $50 per week is going to get such person around $2,650 invested and only about 0.06 BTC (that is ONLY worth about $1,260 currently even though $2,650 invested).. that is an affluent person who believes that s/he is taking reasonably prudent steps to hedge other investments.. whimpy for sure.. whimpy.. .. and maybe even scared and maybe even stopping the DCA when the BTC prices are low because scared..

Of course, more investment into BTC is better.. but we gotta consider to get people to get off zero first, and then to shoot for a reasonable and reachable goal.. and they likely are ONLY looking at the dollar value anyhow.. and I think that 1 BTC is too hight of a target for a newbie.. even one who might be wanting to aim towards some level of aggressiveness (non whimpiness)...