Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4211. (Read 26714918 times)

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Why would the WO gang be looking at the convicted fraudster Elizabeth Holmes. Theranos was never anything, but hype.

Two different years but same price and see the different results on fear and greed index :

VS   

Just smash that buy the dip hard  and you will really enjoy later on.

Cute bottom, useless actress.

Gerald Celente:
Trend analyst discussing inflation.












https://youtu.be/PdA_bOcDOiQ?t=1160

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WO specific meme.

Should I name the characters?

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Now that you mention some of these matters, I do recall one of your other discussions of the flat in the city and then place further out to be a better arrangement than trying to buy a BIG place that was closer to your work (or further in the city) because you could get two for one.. just with the BIGGER place being further out in the subburbs. 

Of course, while it seems that you are still building up to fuck you status, then of course, it seems wise to attempt to be somewhat frugal until you get to that status or in a very near place to that.


I am surely not against loans as long as you are able to service them and you are living within your means (somewhat) and NOT using the proceeds to invest in depreciating assets or consumption goods.

A lot of people may not have been able to ever buy a house, get an education to get a good job or other ways of leveraging loans in order to improve their conditions.  Loans can be very powerful for the very reasons that you have stated.. if you are able to find a property that is of good value and you do not get into some kind of terms that are onerous.. but you can negotiate decently favorable loan terms, then  you would likely be better off to get a loan... especially with fiat also debasing so badly, too... so you are paying back with fiat that is increasingly worth less and less..



Some of the matters are somewhat discretionary.. at least in terms of your feeling that you are not getting tied down by having a house in one spot... So, if it is likely that you are going to stay in the area for a sufficient amount of time, maybe 8-12 years or more, than buying could pay off quite a bit more than renting... but sure, sometimes there are so many extra costs with buying that it might not pay off, especially if you are going to be moving around.  Regarding the tax angle, I would think that would be a given that you would pay whatever taxes that you owe.. or figure out ways to possibly lessen them if you can without costing yourself more than you are benefiting in the process.


Even though I used the sum of 19 BTC, I was NOT necessarily arguing that you have to sell 19 BTC, but there could end up being some trade-offs (opportunity costs) when you choose to invest into one kind of thing (dream house property) versus using some or all of that same money to buy BTC... of course, if you are already paying rent, then sometimes you would end up calculating the difference between renting and the mortgage payments (an other home ownership costs) to figure out how many BTC you might have been able to buy with the difference that you end up spending on the house.. I was largely attempting to suggest that there are always some kinds of opportunity costs with how you choose to spend your money  and your time.. and sometimes you have to go through various calculations to attempt to put fair assessments on real factors rather than merely attempting to justify that you want home ownership status when there might be some hidden costs such as interfering with some of your abilities to acquire more BTC and/or other factors as well.


For sure, it is up to you how to allocate, and if you might be living beyond your means if you were to invest into way more house than you needed and then it ends up costing you way more than what is reasonably within you budget to be able to accomplish other associated expenses or just covering your normal life expenses and having an emergency fund as you seemed to have suggested to be prudent, as well. 

I surely am not against making those kinds of living within your means and allocation to various assets calculations... and if you do not overly allocate in any asset then you can keep some fiat available or potentially some other kinds of easily liquidate-able assets that would not cause you to have to dip into your bitcoin at a time that is not of anything but completely of your own choosing.



Hopefully you can find some kind of a place in which you are not kicking yourself too much about what you could have done or what you should have done.. otherwise, you may well end up investing too much into bitcoin or whatever and then you are way the fuck too over extended and you end up going down the mindrust path of panicking.

I think that each of us can go through those kinds of scenarios in our heads regarding the level of aggressiveness that we choose and maybe even how we had chosen to invest into BTC.  We feel that we are doing the best that we can at the time that the price is playing out and we are making our various balancing decisions, even though in retrospect it seems way the hell more clear that we should have invested more at certain points in time.. or whatever other mistakes that we had made.  I have told several of my mistakes several times, but I am not sure how much I would be able to change what I did because I believe that I was doing the best that I could have done based on what information that I had available.

For example, we know that we cannot go back in time, but one thing that we likely learned is that bitcoin remains both a good investment and also a decently asymmetric investment towards the upside.  If we have already developed a decent BTC stake, we can maybe up the level of our aggressiveness in terms of various ways to accumulate BTC.. which are DCA, lump sum investing and buying on dips.  You know that I am not any kind of BIG fan of selling in order to buy back lower.. or even trying that as a strategy until you have reached really high levels of over-accumulation... and of course, each of us has to decide on a personal level if we are overinvested in bitcoin or not.. but if we sell some coins, we have to be able to consider that we might not be able to buy those coins back at lower prices... but if we are over-invested, then we should not care very much if we are able to buy back the sold coins or not.

By the way, I know that I can type until I am blue in the face about some of these concepts, and sometimes guys are going to get involved in trading to try to accumulate more bitcoin and end up fucking their lil selfies because they believe that they have reached certain levels of BTC accumulation to be able to shave off and then buy back lower and then the BTC price ends up outrunning their perfectly laid out plan. and they end up with way fewer coins or even close to no coins... and surely I never would be suggesting to engage in those kinds of behaviors, even though I know people interpret what I am saying in those kinds of ways.



Ok... so if you have a multi-faceted strategy, then you seem to be doing the best that you can for your own circumstances.



I suppose that each of us has our own tools (or ways) to try to figure out how BTC has a better purchasing price today than it is likely to have in the future.. so the value is going up and yeah accumulating as many as reasonable and feasible now is likely going to pay off into the future.

You probably have seen that I am a bit concerned about valuing my coins in terms of price tops because, and in order to account for likely ongoing volatility, I like to attempt to consider how the bottom is moving up with the passage of time.  I am not sure if you and I end up at the same place, but I do want to personally error on the side of conservativism, and maybe your placing a future value of $1million causes you to NOT so much get worried about today's price since it is way below $1million, so you are still getting a bargain.. something like that which causes you to continue to appreciate the future value and your need to accumulate BTC at better prices....

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It seems that you have a decent point, but I am not sure if I would frame the matter the way that you did.

Of course, any of us could come out swinging pretty hard in terms of how much we might disagree about certain angles, and about whether certain facts and models are relevant, or even get caught up upon fairly trivial semantic arguments but largely coming to the same conclusions. 

In other words, I doubt that we are as kumbaya in our thinking as you seem to be making it out to be.. and your seeming suggestion that we are just making up disagreements for the mere sake of the matter, when we all largely agree...

that really could not be..

For example, probably Biodom and I agree on quite a bit, but when push comes to shove, he made proclamations about BTC price direcvtion that he is not willing to stand behind.. and sure, if we end up agreeing in the long run the BTC price is going up.. there is a lot of importance in those short to medium term differences.. which also could affect the strategies of some guys. 

I will also say that there are a few guys that I probably would agree close to 90%, but I am having trouble believing that we get all the way to 100%.. even though maybe the other 10% is kind of individual variance in which we do not really need to agree anyhow.

For sure, I appreciate when guys point out some flaws in some of my facts, logic or conclusion, even if it might get irritating when they might be getting caught upon personality issues rather than assertions about the substance that I might be presenting from time to time.

There are always some newer guys here who sometimes get worried about posting some of their ideas that they are working through, and surely sometimes it can be good to see some of those newer ideas, but sometimes even the newest of newbies will come to the thread and act as if they have 20 years investing experience blah blah blah.. so there can be some reluctancy to even share some of their ideas... and surely.. so many people get distracted into shitcoins too.. and they are likely quite tempted to incorporate those kinds of ideas into discussion here.. and sometimes it might be related to bitcoin and not really pumping nonsense, so sometimes those guys do continue to post and they come around and sometimes they likely just end up self-censoring...

I am not even suggesting that we really could be running out of topics, but I know sometimes people get worried about going over some of the talking points from earlier days..whether those talking points might come up again from time to time, and surely newbies are going to want to and need to talk about some topics that some of us believe to have been batted around a million times.. but still newbies have rights to bring some of these topics up.

I would assert that you come up with some pretty BIG discussion point doosies yourself from time to time in terms of spinning your own BTC price prediction models, and sure sometimes they get some of us to discuss, and I would imagine that you bring them up because you believe them to be legitimate points rather than you are merely shit-stirring... or trying to provoke.

So yeah.. maybe after saying all that we can recognize that a lot of us might agree that the long term is up but we cannot be very clear about the short-term and the medium-term, but even in that there is a considerable amount of ongoing variance with how we might discuss and how much weight we might give to certain facts, logic or the conclusions that we reach on an individual level, and it is not like we are not going to run out of topics to disagree upon so long as some specifics are thrown out there... and some guys who have been considerably wrong in their assertions in the past will come back to this thread from time to time and try to start some of their old theories afresh and ignore their earlier well-reasoned arguments that ended up largely looking like quite a bit of nonsense once we review how the actual facts of bitcoin price dynamics ended up playing out.... I am not sure if I need any names here.. but any of us might end up saying things that are way out there... and sure some of the things seem more reasonable/credible in retrospect, and other times, no one really remembers the specifics of what was said unless digging back through some of the older posts.

And, even with all of these agreed upon conclusions and speculations bitcoin's price inevitably going UP, guys still get shaken out of various amounts of their coins in the process and guys still have to attempt to apply their bitcoin strategy to their own particular circumstances rather than merely doing something that worked for a guy who got into bitcoin 8 or 10 years ago, and I am saying that there seem to be quite a few screw ups and disagreements regarding those applications too..... including that some guys might have very objectively been shown to have screwed up, but that same guy could still feel that he did the best that he could have done under the circumstances of his knowledge, finances and psychology at the time the decisions were made and applied, even hough in the end each of us is responsible for our own applications of particulars and decisions regarding whether any tweakenings to our strategy or past practices or ways of talking about the matters that might be helpful to get our finances and psychology to a more comfortable place.


Yes.,. how long can the price be kept down?  It seems to be a repeated theme that some people believe that the BTC price can be kept down indefinitely, but we've seen how some of those kinds of attempts have played out in the past, even if they might be successful for one week, two weeks, three weeks, three months, eight months or longer... but sometimes the extent to which the price has been kept down makes it a bit harder to continue to keep down once it starts moving UP and gets the UPpity momentum.

Good luck with your hope for lower BTC prices (after already getting a 41% correction) or your hope for 3 months of flat (after already getting over a month in these here parts), if you are not prepared for UP, then you might find out the hard way (of course, I am not referring to you personally, cAPSLOCK.. but only to peeps who are insufficiently preparing for UP and putting too much weight on sideways or likelihoods for more Down that may well not end up happening).

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Never watched much Full House (I can see the appeal) but wow America's Funniest Home Videos is ingrained in my memory.

Rest in peace Bob Saget.  


https://www.youtube.com/watch?v=PDqEElhrHTc&ab_channel=AFVClassics

You're red, white and blue... The funniest things you do... America, America... this is you.... Ladies & Gentlemen... Bob Saget

It seems like an era that is gone.
People could laugh at themselves, you could make jokes about others without offending people... because... it was just a joke.
You could say things like "Ladies & Gentlemen"

 Just based on a quick search, it seems as though you can't own an asteroid but if you mine something from it, it belongs to you.

kidding aside...say, if someone goes there and plants a flag, is it then 'theirs' or is the whole space 'stuff' unclaimable/belongs to everybody?

Found the provisional answer: "Most notably, the Outer Space Treaty prohibits governments from claiming sovereignty over space or for any celestial body. '' Therefore, no nation can give its citizens or any other nation exclusive use of any territory."

That said, possession is 9/10 of the law, isn't it?
It will belong to beltalowda (see the "Expanse" for meaning).