Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 348. (Read 26497098 times)

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An interesting short video of Robert Kiyosaki:

• Why would you save money, when they are printing money?
• In this Fractional Reserve System (or the Current Banking System), you are told to save money. You save 1$ so that Banks can lend out 10$

https://www.tiktok.com/@hey_capitalclub/video/7229644503274016026

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For the benefit of a friend, I would like to hear more about the "extreme opulence" ideas.. Does it involve grapes? and/or whipping cream?


We are in a bitcoin thread, so "taking profits" means selling, so stop trying to have it both ways.. including if you might be talking about stocks generally, you are also implicating bitcoin by not distinguishing.. or clarifying what you are talking about.

When it comes to bitcoin (the topic of this thread, by the way), are you selling, holding or are you buying.. or you are just off topic with vague implications?

I doubt that too many of us are selling or cornz in this price range, even though you are trying to proclaim "big boys" which implies "smart money" are selling...... but what are they selling, and what does it have to do with king daddy?  Is it related to dee cornz or would you like to fuck off with your vague innuendos? 

To the extent that you might want to implicate bitcoin in your discussion of macro-analysis, then you sound like Vinny Lingham in March 2017 suggesting that BTC HODLers sell in the $800 to $1,100 price range and then to buy back at sub $500-ish (when the big boys would be "backing up their trucks to buy bitcoin.")  How did those March 2017 sellers end up doing?  Hint hint.. not too well.

Maybe you should clarify regarding waht your post might might have to do with dee cornz?


I am not glad, but I got some too... My buy orders started filling every $2k starting from lower $65ks, and one extra "make-up" order in the mid-to-upper $61ks.  All of the next ones start in the $50ks, so yeah, not looking forward to any of them filling, even though from current momentum, it's seeming like I could end up having more buy orders fill.

I hope we don't get below $53,500.. yet it is not like there is any way to really know with confidence.

Maybe Dragonvslinus will come back in, so that he might want to re-propose some kind of a potential DOWNity bet.  I will still likely stick with my earlier bet parameters, even though getting so much DOWNity price moves at one time, does not likely make any of us longer term HODLers happy, even if we might be buying at various places on the way down.. and personally, I just hate some of the bears to get new opportunities to buy in....  in the event that the local bottom might not yet be "in" for this time around.

My current already set buy orders ONLY go down to mid-$25ks.. . yet I am still thinking that since we continue to be in a bullmarket, the odds should be pretty low to even touching within 20% of the 200-WMA, and currently the 200-WMA is right around $37,620, so 20% from the 200-WMA  would be $45,144... so gosh, I might get depressed if we break below $45,144 (even though I understand that even seemingly outrageous scenarios are possible).

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. I got some at 61 and change now looking for 59 and change  I also got some at 63 and change.

proudhon should also arrive soon to really rub it in.

cant wait

I will try to make you these bearish times a little more enjoyable (OT, though).

Considering the short exposure, totaling in a little over an hour of time, because i had to remove so many frames because of thin, high clouds, i managed to edit out quite a presentable image of the Veil Nebula, which is high at the sky at this time of the year, which means that the backround (space) is very dark and even. Using a filter which is blocking moonlight and letting Oxygen-3 and Hydrogen-Alpha radiation get through. This is an ideal combination to shoot Ha/O3 rich gaseous nebulae, even if they are located in a star-rich region, like this one.
I also have almost two hours of exposure from the same object from the night before i shot this one, but it seems like i forgot to turn on the camera's sensor window heating (or it didn't work this time), so there was a central dew-circle forming over the time, because this year the summer nights are extremely humid. When i repeated the session the next day, i had to battle more clouding.
I am satisfied with the resolution and sensitiveness of the new astrocamera, it was totally worth it to replace the older model, and it's a pity how rarely the conditions are allowing me to use it this year.
Nevertheless, enjoy:



Clicking on it takes you to the 1440x950 pixel version.

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we broke again? could really use a duderino travel post right about now

There is nothing wrong with being vague.  I doubt that I have ever given too many specifics about my own holdings, and even from time to time mentioned that the numbers that I am providing may well be fictional..

yet, you surely have some levels of vagueness that from my perspective seems to go above and beyond necessary - and part of my ongoing quibble with such vagueness relates to some of your own digging at DCA-like strategies, and even frequently seeming to imply that some advantages come from just sitting on investments rather than the kinds of ongoing buying that I tend to recommend.

I am not even suggesting that you might not be advantaged by some strategic buying rather than ongoing buying, but surely it tends to be quite difficult to know when and/or how for any normies to figure out how to employ such potentially greater advantaged strategic buying, and so accordingly I am much more of a subscriber of ongoing buying rather than strategic buying, including strategic buying that has a bit of a built-in whimpiness to it, which is likely part of your bitcoin history, even if I might have some of your details wrong.

Another thing is that I hope that you had bought since 2017 to get back some of the corn that you sold then.

Don't get me wrong.  I don't have anything really against your pointing out counter perspectives, since it is likely quite healthy for some of us to have some ongoing ideological battles (or even application battles) in these here parts, so there is no real reason to take any of my ongoing criticisms of what I have gathered to be your approaches in a personal way. even if sometimes I might end up exaggerating aspects of what I believe to be your position from time to time in order to make some points regarding my ideas that it frequently has been better to ongoingly buy bitcoin rather than waiting around trying to figure out potentially better entry points - while at the same time it truly has been the case that an ongoing whimpy and skeptical bitcoin investor has ended up doing way better in bitcoin than a large number of folks who failed/refused to get off zero... so surely any of us who knew about bitcoin in the last 6-12 years, even if skeptical about bitcoin, would have likely still profited stupendously so long as getting off zero and taking some kind of a position and mostly holding that position, instead of failing/refusing to buy.

Another thing is that it has likely continued to be a good thing to ongoingly buy into bitcoin, especially if any of us have assessed that we don't quite have enough bitcoin, so we should not really stop accumulating it until we make sure that we have enough or more than enough, and we may well not agree at what point a person should objectively feel that he has enough or that he has more than enough.  So it is likely that we can continue to battle about the drawing of those kinds of threshold considerations... because sometimes if any of us get some ideas regarding the individual assessment of the 9 individual factors of another person, we can sometimes second-guess that person based on what we would do if we were in the same situation (even though we cannot completely get in their mind and also really know how they subjectively evaluate risk.. but we can criticize such persons and call them either too whimpy or too aggressive).

I think that part of my stacking sats perception and commentary surely has individualistic components to it, and I find it a wee bit problematic for some of us to end up getting too caught up in our own stories rather than recognizing and appreciating that there likely continue to be an overwhelming majority of the world's population that is low coiners and no coiners, and so yeah, it is way more obvious to suggest and even presume that there are a lot of no coiners in the world so  to presume that they get off zero, so likely many of them are going to need to stack for at least a whole cycle before they really get some kind of a meaningful stash, since I am not going to presume that normies already have investments and/or savings that they can lump sum into bitcoin.  So my own presumption and somewhat blanket advice for almost anyone is to get started asap and then to start out with DCA.  Sure anyone who is already an investor and/or saver may have some lump sum that they can put into bitcoin, yet I still am not too excited by any kind of waiting strategy that involves buying on dips, unless it is prefaced by some kind of lump sum investment into bitcoin or some short-term heavy front loading that would then allow buying on the dip to become more reasonable.. so anyhow, you and I might continue to differ in terms of when the strategizing of buys (buy waiting rather than buying right away) is triggered to be practical, rather than just buying right away, buying regularly and buying often, at least for the whole first cycle, and maybe a bit longer prior to transitioning into a maintenance stage or some kind of a stage that would allow the incorporation of buying on the dips.


nothing wrong with that.. though from my own perspective, ongoing BTC accumulation would likely be a way to try to make sure to get to such higher bitcoin portfolio valuation at a quicker rate, rather than waiting for BTC prices to reach $10 million or whatever might be your number (and we know that the number is a bit of a moving target too, based on ongoing and likely inevitable debasement of the dollar).


I personally appreciate the idea of stacking for myself rather than stacking for my family, even though I understand that if you might already feel that you are living well or well enough, then you don't necessarily need to add any more consumption to your life... or plans to personally consume your bitcoin in your later years.


There are formal and informal ways to attempt to accomplish these kinds of matters, and surely some folks who might attempt to go too informally might end up contributing to potential problems for their heirs later down the road.


I am not going to argue with you in regards to some aspects of third-party custody allowing for easier transfer of assets (especially in an inheritance context), yet I doubt that it should be a good idea for bitcoiner's to be pumping 3rd party custodial products for bitcoin, including that if everyone held their bitcoin through 3rd party custodians, then a lot of bitcoin's value proposition will diminish or maybe even completely disappear since an overwhelming majority of the power of bitcoin comes from abilities to directly custody and transact with it.. and without any requirement to ask any 3rd party for permission prior to transacting. .and at the same time, in the event that transactions are traceable, then there could be another question of getting pursued for making certain transactions, even if no one was able to stop the transaction prior to it happening.


Sure, there are going to continue to be ways that ETFs and other third party custodial products are made attractive to normies.... but yeah, that does not mean that we should use them or promote them. yet at the same time, there still could be some value in keeping some percentage of your BTC holdings in such 3rd party products.. and each person likely has to figure out how much of his/her own holdings that he is ready and willing to hold in such 3rd party products (and it would not even need to all be in the same product.. but yeah?  how much?  5%?, 25%? 50% or some other number?. . I personally get worried about those higher percentages, since it seems that bitcoin's value proposition could end up getting undermined if on the aggregate the percentages of coins held in 3rd party services become excessively high.. in the greater than 70-80% territories.. unless there are a decent amount of safeguards for individuals to permission-lessly withdraw to private wallets)


Various financialization products are growing with bitcoin... and yeah, it is likely going to take a while to see the various directions that the products go, how many coins they control and how the usage of such products affect various empowerment (self-sovereignty) characteristics of bitcoin.


It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.


I did not say anything about what the US Govt could do secretively.  Even though various aspects of the US Govt, and various systems frequently present themselves as being open and transparent, we frequently find out about a large number of covert government actions and/or programs, and there is likely even a pretty large expectation that covert government programs exist. .yet there still can be controversies about the extent to which such covert government programs/actions are justified to exist and/or questions regarding who controls them and/or within whose interest they operate.

OgNasty seemed to have been mostly referring to various ways the US Government might overtly support bitcoin, so he did not really mention the extent to which overt programs or actions might play into overt US Government programs/actions... and I am not even sure if we need to go down that road.. even though I merely mentioned the possibility of any legislation and/or policy that might provide parameters for the US Govt's overt versus covert acquisition of BTC.


You are bringing up an angle that I did not get into in my post, and your point about the US Government not wanting to pump BTC's price seems more than reasonable (as a possible concern).


I think that it is reasonable to presume that the US Government might have some policies and practices that involve BTC (and even BTC acquisitions) that are not necessarily known by the public, and some of the elected officials might sometimes find out about some of the various US Government secret policies and/or practices and might sometimes attempt to take actions regarding such secret policies/practices.


Sure it is possible that they have way more BTC than the public believes them to have, yet your million number seems a bit of a stretch.. but hey, never say never.


I agree.


Ultimately, each of us decides the extent to which we participate, and likely we need to feel that we are getting something out of our participation.  One of the reasons that I have stuck around so long is that I just love Bitcoin as a topic.  For me, it never really gets dull, even though sometimes there can be some stress in regards to some of the repeated topics.

Also, it tends to be good that we get participation from a large variety of perspectives and persons with various experiences all around the world, since bitcoin is a global phenomena.. even though surely some forum members might not want to participate in threads that are in English.. and then also maybe some of the English threads might have quite a bit of cultural biasness contained therein, which might be frustrating for some forum members.

By the way, sometimes there is value for members to post here from other bitcoin-related forums around the world so that we might find out what is going on from within this thread, and yeah sometimes it can be frustrating if some forum members ONLY post the link to some outside information without any kind of their own comments - yet sometimes those (seemingly trolling members) are ending up posting more bitcoin-relevant content than some of the other members participating in this thread (or maybe other parts of the forum).

It is nice when a forum member posts some kind of bitcoin-related content and also at least provides a bit of a comment or question about the content rather than sharing absolutely no personal opinion or insight at all in regards to the contents of the post.

When it comes to bitcoin, maybe many of us agree too much, yet at the same time, there seem to always be some areas in which we likely disagree in regards to the various ways that bitcoin might (or might not) fix various troubling aspects of the world.


I can ONLY try, and frequently it is not overly pleasant... ..

I am reminded of a phillip1957 post from a couple of days ago in which he suggested that we would be going below $60k, yet I had wondered how far below we might be going, since I have had a few more of my buy orders filled since that post, so yeah.. the next is lower $61ks and then lower $59ks.   I already had my resolution of mistake one filled in the mid-to-upper $61ks (that one was a kind of freeby no action one, just putting things back in order from my perspective).  

So yeah, my buy orders are very $2k down to $57k-ish, then they are every $1,500 if we go below that...

Bounce or no bounce?  who knows?  You seem to know. .and yeah, let's see how it all plays out in terms of our current short-term waves and then subsequently in terms of the presidential election that you seem to be currently considering as "so important" blah blah blah, as if king daddy gives too many shits.


I thought that my attempts at making points were the opposite?  So in that regard, I surely would not be trying to proclaim that everything is possible, and there are various kinds of limits and restrictions that exist in the real world.  Surely some  of the restrictions and limits can be overcome, but still it is not like we can just completely ignore all existing institutions and established practices, even though surely if Trump gets in, he would likely try to make systems completely revolve around him, since he does not even really seem to believe in anything related to rule of law, unless he can use it to his advantage..   He's a grifter, at best... But, people "love" him, no?  People seem to love arrogant dweebs who try to act like they are tough.


I agree with you on the point that none of us should trust that self-centered narcissistic dweeb known as Trump, even though so many folks seems to consider him to be genuine, merely because he says a lot of things that others might not say, including shit-stirring and personal attacks and bullying (ganster/mobster) kinds of behaviors... but hey whatever, folks want to believe a liar who happens to also be a convicted criminal (felon), then whatever, there is ONLY so much that can be done to save folks from their own perceptions in regards to whether or the extent to which a person might be worthy of trust...

Some of the excuses is that he is not really a convicted felon because everyone is out to get him.. .. another bunch of bullshit and spin, even if there might be some truth  to the matter that he is not very liked. and he is quite a bit of a jerk.. How could someone be hired to represent the people and to figure out some kind of responsible application of government if he is unable to consider anyone but himself?  Oh? I forgot, if you consider government to be bad, then you might want someone who says that he is trying to reduce government.. perhaps he might be able to do that?  I am not sure, it might be a coincidence that he is actually (or would be) reducing government in ways that happen to actually be better for the people rather than just good for his trying to stay out of jail.

he is creating the crash intentionally
 we will crash in Sept
this is the only way trump can win as he will claim Biden and Kamala don't know what they are doing.

 So just hodl or buy dip then hodl

Explanation
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The jobs report was bad and so was Intel saying they were laying off a massive number of people. Add to that Kamala Harris is being touted in the media as the next likely President and it just makes sense to take profits here. Like when Bitcoin was in the 70s before mtgox started distributing. I don’t necessarily see the market changing direction yet, but clearly the big boys are taking profits. When this happened in 2007, it was a few months after the first rate cut when it became clear to everyone what was happening and the market plummeted. I suspect something similar here so a recovery and even new highs could be in the cards before the big drop.

My read...Wall Street is throwing a temper tantrum at Powell, essentially saying: "You are behind the ball AGAIN!".
As a staunch bureaucrat, he might resist until September OR until the market is down 20% to 4534 for S&P 500 (its roughly 6% down already).

Explanation
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