Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3249. (Read 26717412 times)

Explanation

Inflation is going to kill every currency except for the dollar and BTC at this rate.

I think there was one for a short time when it first launched IIRC.

 I don't remember seeing a tip address displayed.

Explanation

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

bull shit

mining cost was not 24k  in June and is not 13k now fucking flat out garbage lies. not the poster but  Bloomberg is the liar or JPMorgan is the liar.

or should I say 1 lies and the  other swears to it.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

Explanation

Yep.. bitcoin is too good to be true.....


Even though in reality, it is not.

That is part of what is so amazing about bitcoin.

We have an asset class that is largely available to almost anyone.. and has so far provided so much of an asymmetric bet to the upside, which has meant that normies having not needed a whole hell of a lot of capital to get into it, which makes it accessible as fuck.. and there really is nothing in the data to show that the investment thesis for bitcoin has changed in the past 6-8 years, and seems to have even gotten stronger in the past 2.5-ish years.

But instead of being prudent, reasonable and even somewhat aggressive in terms of getting into bitcoin, quite a few normies seem to either not get in at all and some who do choose to get in want to gamble or leverage down in terms of their upside bet.. an there is no need to do all that.. you can get rich as fuck (or at least just improve your lot significantly) with out gambling..

Isn't that too good to be true..  even though it just happens to be true?**  



**I know, I know, I know that I saying the same thing as you AlcoHoDL, but I just cannot help it since I like to hear my lil selfie speak.. as "they" say.      


I am pretty sure (the last time I checked with Craig) that the ONLY thing that is close to "inevitable" in bitcoin is ongoing volatility.

Other than that, I am having trouble considering what else might be "inevitable" in respects to bitcoin.  

#askingforafriend



What about the influencenings of "the nakeds"?  


Don't "the nakeds" matter?  

#askingforafriend


Fair enough regarding your overall response .....and overall, there is likely some comfort in just having various options in terms of having a decent amount of cash available to be used, but also o.k. to not use such cash, too.. and for sure it cannot be very comfortable for many of us if we are seeing various aspect of the world burning down around us, even if we may well feel that we had taken a decent amount of precautionary measures..

So even though my own personal situation handled various aspects of the overall volatility differently from you, there are some difficulties to feel as if the world is going to hell, even if considering my way of framing my situation to potentially go from ONLY 20x up to another status that might ONLY be 10X up.. .. which surely there would be a point to run out of money to buy more.. and then could there really be regrets?  at some point if the BTC price goes down , there does become a kind of true test regarding "am I really going to hold to zero?"  and also at some point:  "something seems broken about this thing to be going so low?"  Would $10k trigger such feelings?  Perhaps?  perhaps?   or maybe  BTC prices would need to go lower than $10k to start to feel as if something must be broken, and I did not get the memo.

Regarding the idea of crabbening .. I get my lil "smart ass" response that I cannot resist but to say:  "Bitcoin no doesn't work like that."   hahahahahaha.. in other words, to me, it seems like a kind of fantasylandia to expect that crablandia on the way up is any kind of realworld possibility in bitcoinlandia... I might keel over  from a heart attack if we were even able to achieve crablandia up to $69k  -- I would have to shake my head, and say:  "Bitcoin no doesn't work like that.  Wake me up!  Wake me up!!!  Wake me up!!!!!!"  

The $100Trillion Market Overview,




Newbies including me always worries about the future of the ceypto there's nothing complicated i think so if we consider just 100T market's Half 1/2 $50T then it can fullfill all the possible BTC ATH values what can you expect more let me explain how

$2T+ market cap= BTC $69k
$900B market cap= BTC $20k
Now imagine $5T= ?
Then $10T= ?
Then $20T= ?
Then just $50T = ?

So Buddies Hold your seats and move on by just Leaving price movement jsut naturally. Speculations important but if you already calculated the time to market value then avoid the small stones in the way that's all, i was just trying to show that how we can be Bullish in the Bear market because we need to be always Bullish for Long Term its the reality that if you are consistent then nobody can be Lossing always someday sometime trend will reverse and it will make a Future after History.

I checked now, they're up but their tip address below disappear? Or it's just me remembering things that don't exist.

Explanation

I am pretty sure that there were several members who brought up Celsius, and some members did not say anything against it either... even if they were not promoting it..  There had been several members that might not have mentioned any specific service yet at the same time pushing the idea that bitcoin was not sufficient in itself because it "does not earn a dividend/yield/interest."  A pretty common theme.

Another common theme that likely got a lot of folks reckt is the idea of borrowing against your BTC, and surely I am not opposed to the idea of leverage and even using leverage to buy bitcoin, but surely people can end up taking things way too far, including getting way overleveraged (and maybe not even realizing it).  I never agreed to using any of those bitcoin-related services in regards to leveraging bitcoin because so far I had not seen any that were seeming to be mature enough to actually offer favorable terms, but then now I am seeing that favorable terms can end up tricking any of us into using a service that does not have sufficient and adequate collateral and that may well be rehypothecating coins lent to it into services that are not adequately collateralized.  

We are seeing some of the problematic areas regarding how we might end up providing our bitcoin as collateral, and surely there still could be ways to accomplish such - even though some of those services likely do need to mature.. and maybe even provide some assurances regarding their having coins that they claim to have, and we might even need to know how they are able to provide the interest rates on the coins that you would be lending to them.


There is nothing wrong (or even crazy-making) with buying bitcoin at $69k so long as you did not just sit on your hands in the last 8 months, and as long as you did not blow your whole stash (of fiat) at $69k at that time.

It is quite reasonable that someone with a fairly consistent BTC buying strategy in the last 8 months could have ended up having an average BTC buy price at or below $40k.. .. so each buy right now would bring down the average buy price per BTC pretty decently for that kind of person with an average buy price of around $40k per BTC.

And of course, mileage is going to vary depending on how to have had dealt with the whole BTC accumulation matter financially and psychologically and what kinds of BTC accumulating strategies to be employing currently if it might go beyond a mere HODL strategy.. but if a BTC accumulator runs out of fiat, the next most feasible and prudent strategy may well be to HODL until more cash comes in, and hopefully anyone with even half of a level of prudence and reasonableness in his/her brain starting to buy BTC at $69k should have some kind of cashflow, otherwise starting buying BTC at $69k would have bordered upon retardness.. and sure there are some people who are retarded and should not be buying BTC**.. but you cannot save some peeps from their lil selfies..

**nothing that I say in this here post, including referring to some peeps as possibly retarded, is meant to stop or to slow down any peep from buying BTC with as much money as they can muster up while the BTC prices are "still low,"(aka "on sale") relatively speaking.  #justsaying.. #doyr #ymmv, #nfa, #yolo #ccmf


Link does not work  (Edit whoops, I reloaded it several times, and then it worked.. ..take that back).

Explanation

Hopefully, each of us finds ways to balance our allocations in bitcoin, versus fiat, versus other investments that we might have.

Overallocations and even thinking that something is going to happen because it has happened previously does not result in good risk management.

Don't get me wrong, I am not opposed to aggressive allocations in bitcoin, and there are likely not a whole hell of a lot of people who really can practically keep all of their value in bitcoin..


Me no doesn't like down..  


Therefore, I cannot enjoy.. unless up (lots of) first..


Actually, your comment causes me to conclude that there is likely going to be some variance in the amount that peeps put in, and it might even be good to expand to various others that had filed for Chapter 11 Bancrupcy.. Remember Voyager had been the firm that took over Circle accounts a few years ago and then got further depositors into their interest (or should I say "yield?) services after that.


My proposed revision to the poll would be something like this:  

>>>>>Have you ever transferred (some of) your BTC to Celsius and/or Voyager?

1. Yes, my entire stash (fortune favors the brave - don't you know nuttin?).
2. Yes, a percentage of my stash. more than 50% but less than 100% of my stash.
3. Yes, between 25% and 50% of my stash.
4) Yes, less than 25% of my stash.
5) NO! Not your keys, not your coins!<<<<<<

I’d already verified myself beforehand with Kraken as a pro member or whatever they call it (the highest band). I sent them proof of purchases etc. This was a while back though. I have to admit they were fantastic, every withdrawal was smooth & quick.

My fiat banks were fine too as again I’d pre warned them.

The biggest issue I had was buying a house. The solicitor (property conveyancer they call themselves here) made me jump through hoops to prove source of funds. For long periods I thought I wouldn’t be able to use bitcoin generated fiat profits to buy a home. I printed off every transaction going back to 2014 & in the end they passed me.

Did you get thousands of questions from the exchanges you sold on, then thousands of questions from the banks you sent the money to?

@JJG
My average sell price was something like $53,800. I sold some at $60,000 & $65,000. I sold nothing below $50,000. I’ve bought a nice % of what I sold back. Still have a lot of dry powder though. If for example we were to go to something like $12,000 - $15,000 I might end up with a similar amount of bitcoin that I had in 2021 & that’s after buying a new home outright from bitcoin (no mortgage) & paying capital gains taxes.

To be honest though, I prefer if the price doesn’t dump too much more. Crab market until the next halving is fine, if possible. If we get rugged though I will of course buy the dip. Still sitting on a pile of fiat atm though waiting to see what happens.

Explanation