Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3253. (Read 26717344 times)
July 14, 2022, 12:03:27 AM
July 13, 2022, 11:53:55 PM
Chamath tries to explain things. Sounds a bit douche-baggy, but maybe it's just my view.
https://www.youtube.com/watch?v=9u5q7nDPbJY
Reminder: he is the dude who pushed the SPAC s-t onfolks.
Yet, some of his points are, perhaps, valid, as far as the mechanics is concerned.
Still, I don't get why he puts it on bitcoin when most (or at least a large part) of those dealings were in eth.
People did not read the contracts they were signing (while going ga-ga for "yield").
IMHO, insolvencies here are just the start. Wait until all those highly leveraged financial companies start to "pop" when IR approach 5%.
https://www.youtube.com/watch?v=9u5q7nDPbJY
Reminder: he is the dude who pushed the SPAC s-t onfolks.
Yet, some of his points are, perhaps, valid, as far as the mechanics is concerned.
Still, I don't get why he puts it on bitcoin when most (or at least a large part) of those dealings were in eth.
People did not read the contracts they were signing (while going ga-ga for "yield").
IMHO, insolvencies here are just the start. Wait until all those highly leveraged financial companies start to "pop" when IR approach 5%.
Retard explaining to bigger retards.
July 13, 2022, 11:45:07 PM
~snip
And for sure, it is good to have financial practices that do not unnecessarily provoke emotionalism in terms of your ways of investing or thinking about your investment.. especially such a volatile asset like BTC that is likely going to continue to be quite volatile in the coming 20+ years.
9 years is quite a time and one definitely learn lots of things about crypto after spending so much time in a specific field.
I do have consent with you that never sell all your bitcoins as I told you I learned that through my sell off in this bull run.
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he price is not guaranteed to correct back down, even if so many supposedly smart people believe that BTC prices "always" return down to earlier prices, and that is not necessarily true
Can't say about the future but till now bitcoin price has always came back after getting bullish. Even current price of 20k is very close to price of bitcoin before the recent bull run which is 10k, so I pardon to have a slight different opinion on that.
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or even getting at or near fuck you status (a place in which you are able to quit your job and live off of your investments) or even getting to stages of reaching target
That's the dream of almost everyone here to quit his current job and live a Kings life while his bitcoin work for him or atleast get a good side income from crypto investment.
Quote
including that if a person might invest into bitcoin on a long time horizon (even for 10-30 years), they might not be looking at BTC price movements in the shorter timeframes, even though the young status of bitcoin likely warrants some kind of regular monitoring
.That's I learned while I was investing in stock. Senior people said that if you are looking for real profit then invest in long term and stop seeing price on daily basis.
July 13, 2022, 11:23:03 PM
July 13, 2022, 11:13:45 PM
US price increases in the last year:
Fuel oil: +98.5%
Gasoline: +59.9%
Gas utilities: +38.4%
Electricity: +13.7%
Food at home: +12.2%
New cars: +11.4%
Overall CPI: +9.1%
_____________________________________
BitcoinMagazine
Fuel oil: +98.5%
Gasoline: +59.9%
Gas utilities: +38.4%
Electricity: +13.7%
Food at home: +12.2%
New cars: +11.4%
Overall CPI: +9.1%
_____________________________________
BitcoinMagazine
July 13, 2022, 11:11:40 PM
I love lamb.
I always check out the lamb cuts available at my local grocery store.
Today there were racks of lamb...6 lollipops for like 53 bucks...yikes! Ill pass on that one.
I usually go for the butterflied cut.
Nothing like a welsh lamb roast, albeit not available in US. Only when I'm in UK.
So usually I get New Zealand or Australian. Sometimes I can find local farm raised.
I roast it with lots of fresh garlic cloves and serve it slathered with Tesco mint sauce....
Awesome meal with roast potatoes, peas and extra thick Bisto lamb gravy.
I always check out the lamb cuts available at my local grocery store.
Today there were racks of lamb...6 lollipops for like 53 bucks...yikes! Ill pass on that one.
I usually go for the butterflied cut.
Nothing like a welsh lamb roast, albeit not available in US. Only when I'm in UK.
So usually I get New Zealand or Australian. Sometimes I can find local farm raised.
I roast it with lots of fresh garlic cloves and serve it slathered with Tesco mint sauce....
Awesome meal with roast potatoes, peas and extra thick Bisto lamb gravy.
Not Lamb chop?
July 13, 2022, 11:04:53 PM
July 13, 2022, 10:01:25 PM
July 13, 2022, 09:59:46 PM
Chamath tries to explain things. Sounds a bit douche-baggy, but maybe it's just my view.
https://www.youtube.com/watch?v=9u5q7nDPbJY
Reminder: he is the dude who pushed the SPAC s-t onfolks.
Yet, some of his points are, perhaps, valid, as far as the mechanics is concerned.
Still, I don't get why he puts it on bitcoin when most (or at least a large part) of those dealings were in eth.
People did not read the contracts they were signing (while going ga-ga for "yield").
IMHO, insolvencies here are just the start. Wait until all those highly leveraged financial companies start to "pop" when IR approach 5%.
https://www.youtube.com/watch?v=9u5q7nDPbJY
Reminder: he is the dude who pushed the SPAC s-t onfolks.
Yet, some of his points are, perhaps, valid, as far as the mechanics is concerned.
Still, I don't get why he puts it on bitcoin when most (or at least a large part) of those dealings were in eth.
People did not read the contracts they were signing (while going ga-ga for "yield").
IMHO, insolvencies here are just the start. Wait until all those highly leveraged financial companies start to "pop" when IR approach 5%.
July 13, 2022, 09:52:09 PM
I love lamb.
I always check out the lamb cuts available at my local grocery store.
Today there were racks of lamb...6 lollipops for like 53 bucks...yikes! Ill pass on that one.
I usually go for the butterflied cut.
Nothing like a welsh lamb roast, albeit not available in US. Only when I'm in UK.
So usually I get New Zealand or Australian. Sometimes I can find local farm raised.
I roast it with lots of fresh garlic cloves and serve it slathered with Tesco mint sauce....
Awesome meal with roast potatoes, peas and extra thick Bisto lamb gravy.
I always check out the lamb cuts available at my local grocery store.
Today there were racks of lamb...6 lollipops for like 53 bucks...yikes! Ill pass on that one.
I usually go for the butterflied cut.
Nothing like a welsh lamb roast, albeit not available in US. Only when I'm in UK.
So usually I get New Zealand or Australian. Sometimes I can find local farm raised.
I roast it with lots of fresh garlic cloves and serve it slathered with Tesco mint sauce....
Awesome meal with roast potatoes, peas and extra thick Bisto lamb gravy.
July 13, 2022, 09:37:50 PM
I buy a lot of meat on line.
Where do you buy your meat online?
Is it cheaper than what you find in your grocery stores?
Usually people buy meat online so they can get the big cuts for on the BBQ.
Not cheapest but the meat is better quality and not cut to small pieces.
that is the case for the brisket.
New Jersey ,New York, Pennsylvania demand a lot of brisket so lower quality beef brisket cost close to the online one. Plus like you said the online meat is a very good cut.
Phillie steak and cheese heros use skirt steak so the price is higher in my area than the online version and the online version tastes better.
The lamb cost more online than all the local supermarkets. But the local supermarket lamb gets my wife sick to her stomach and the online is good for her. There are some brooklyn butchers with good lamb that my wife can eat but it is costly and the fucking tolls and gas are now nuts.
For me to go to brooklyn for a food run is 70 minute trip each way and 100 miles say 4-5 gals gas and tolls are over 40 so that's out.
We have a decent steakhouse we go to if we want a good t-bone or porterhouse.
July 13, 2022, 09:27:14 PM
I buy a lot of meat on line.
Where do you buy your meat online?
Is it cheaper than what you find in your grocery stores?
Well I get decent prices for brisket and for skirt stakes.
I like grassland beef.com
https://grasslandbeef.com/whole-brisket-475-lb-average
https://grasslandbeef.com/skirt-steak
these prices can be lowered with coupons
I buy like 3 briskets and 12 skirt steaks.
I used to get lamb steaks but price has mooned on them.
We some times get this for lamb
https://grasslandbeef.com/lamb-shoulder-roast
they issue 15% coupons every other week
so a 300 USD order drops to 255.
I have found these 3 products from them to beat all sellers in New Jersey near me.
Also my wife gets sick on lamb from most sellers in New Jersey and does not get sick on the lamb on this website.
Pork chicken turkey fish I do locally.
July 13, 2022, 09:03:27 PM
July 13, 2022, 08:43:28 PM
Re Celsius...The only remaining question is whether it is an "honest" bankruptcy or not.
I hope for the former, but we would out that they hypotheticated the same bitcoin to multiple parties, then it would be something more serious.
For now, I would just assume that all of their equity, but not all deposits got wiped out by losses of 3AC, etc.
They 'supposed" to have 12 bil in deposits. the hope would be that some recovery would be possible, but it is a major bad event, no doubt about it.
For once, I am glad that now everyone would be simply hodling and/or trading and not trying to "generate yield". The side effect would be that exchange liquidity would probably drop quite a bit.
I hope for the former, but we would out that they hypotheticated the same bitcoin to multiple parties, then it would be something more serious.
For now, I would just assume that all of their equity, but not all deposits got wiped out by losses of 3AC, etc.
They 'supposed" to have 12 bil in deposits. the hope would be that some recovery would be possible, but it is a major bad event, no doubt about it.
For once, I am glad that now everyone would be simply hodling and/or trading and not trying to "generate yield". The side effect would be that exchange liquidity would probably drop quite a bit.
July 13, 2022, 08:01:27 PM
sauce: cAPSLOCK made it.
This is a thing of beauty:
And it's even still a higher low since the big dip.
22 inc?
July 13, 2022, 08:01:20 PM
July 13, 2022, 07:03:32 PM
July 13, 2022, 06:03:27 PM
July 13, 2022, 05:04:53 PM
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