Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4295. (Read 26713795 times)

the cell phone was ported to Verizon {this is impressive as no-one has access to phone)

they had my email with access {impressed with this}

This let them change my coinbase password.

But My coin base withdrawals are not enabled by that cell or email so they could not with draw. Or alter my coinbase email address.

So lots of shit is changed now.

Or even "sim card swap", or simply sim-swap as they call it these days. Either way, sorry to hear that @philipma1957. This is why I keep giving my bank shit (formal complaints) for not integrating a secure 2FA authentication system for their interface, while they delay my transfers to exchanges due to "security" and "fraud" concerns. So hypocritical. The idea that my phone number or email as 2FA is secure, when no doubt my mail server can be hacked and phone number stolen, is therefore a complete joke. That said, I do use open-source 2FA for my email, but still doesn't secure it from a server leak.

Explanation

I think that the proper term is "sim port swap" unless you are referring to something else?

Wicked. Was it a MFA attack or an attack on the portable wallet?

cell phone was cloned almost lost $$$

Of course it takes some skills to use debt in order to actually leverage yourself into a better rather than into a worse situation, so debt is a more advanced tool than other methods of merely working off of your own resources.  Many people might not be able to afford to go to college or to buy a home if they had not had the availability of credit... .. and sure, I am not saying that the credit system is a good thing for society overall necessarily.. but there are ways to use it to your advantage if you are ready, willing and able to figure out proper ways of employing it.. and it is not as complicated as other kinds of financial instruments.


Maybe... But anyone can use debt in good ways or bad ways in terms of whether their investment is likely to lead to returns or if some entities and individuals might be sucking off of the public trough.. including those who get themselves in to BIG debt and then get bailed out with bancrupcy... I was not necessarily referring to abuse cases when we might be figuring out how normies can strategize in ways to potentially use debt to their advantage.


Sure it is... and if a person has 100 bitcoins, then s/he may well be able to afford both a lambo and an extra payment of $100k and also to buy something that might depreciate by 1/2 in 5 years.  I am not necessarily talking about building wealth from a decision to use debt to buy the lambo, but if you were going to buy it anyhow because you have $100k, you may well not be worse off to have $600k in debt for 6 years and to keep the value of 12 bitcoin in bitcoin... which currently is about $600k but those 12 bitcoin may well be worth more than $600k in 5 years... what do you think?  We are not all going to come to the same decisions regarding how to invest nor how to consume... and surly I will concede that 100 bitcoin is barely into  entry-level fuck you status if we are referring to our 208-week moving average.. which would put those 100 bitcoin at about 1.85 million currently (so yeah, just barely getting to fuck you status, if we are presuming $2 million as entry-level fuck you status)


If I am referring to someone who already has 100 bitcoins, then I am not necessarily referring to anyone in a desperate kind of a situation... and yeah, maybe it would be borderline consumption for someone with that level of bitcoin to be getting into a $600k loan... Of course, upkeep of a Lambo will likely require decent access to storage and abilities to afford the other costs.. maybe there is already ownership of a garage to store it and maybe around $10k to $20k per year could be estimated for maintenance.. and surely there might need to be an emergency fund too in case there might be some higher costs that could come up with the Lambo... perhaps?


I am talking about a situation in which the person had already decided to buy the lambo so the question only is whether to finance it or not.  And, yeah of course, already presuming it is a consumption item and not likely to hold a lot of its value in terms of the total various costs.


Seems to me that you are fighting with the hypothetical, and sure I will concede that I might have been being a bit provocative with my use of a lambo as the example of the purchase.


Yeah.. but I thought that I explained decently well in terms of starting with 35 BTC, and then discussing the various tradeoffs and the various considerations associated with those tradeoffs in order to reach my conclusion that if I was feeling some kind of need to cash out some BTC at $55k, then I would both base it on the 208-week moving average and likely end up cashing out no more than 1.4 BTC to 2.8 BTC based on that. 

So traditional withdrawal rates consider drawing out 4% per year, but I have started using a different formula based on the 208-week moving average and allowing up to 12% per year based on the 208-week moving average as long as the spot price is sufficiently above 208-week moving average and if the current 208-week moving average is around $18.3k, then $55k is about 3x the 208 week moving average so no problems in terms of the 12% per year rate based on how spot price compares with 208-week moving average... but I still would not feel comfortable cashing out more than 1-2 years based on current price performance and expectations that it is not too likely (in my thinking) that we will not get opportunities to cash out more bitcoin at or above $55k in the coming 1-2 years.. so I would consider too many opportunity costs cashing out above those amounts, which also how I got to the 1.4 BTC to 2.8 BTC maximum.  Sure, if you did not really attempt to grapple with why I was talking about percentages, then you end up criticizing my use of percentages as if it were just some random idea just thrown in there for the pure sake of it.

I think that you made a new topic.. but whatever.. do what you like.



I don't really get what you were saying about percentages, and fair enough if you have some other kind of way of looking at the matter of whether to limit yourself in how much you cash out or whether you are trying to keep some kind of purposeful allocation in bitcoin.  Surely, I have felt over allocated since 2016-ish.. and sure it may well not be a bad problem to have, but sometimes I still would rather be careful to attempt to account for the 4 year cycle or whatever seems to be going on in bitcoin in terms of not selling too much at the wrong time, especially if I consider that we have decent odds of UP from that location.. which would be a factor for me selling at $55k a few weeks ago or even a factor of me selling at $48k currently in the event that I would need to sell.. so maybe I would end up selling a smaller amount of my levels of allocation.. but sure, I can do whatever the fuck I want, so I can change my own limits if for some reason I am feeling an urge to consume or to invest or whatever, I am not really limited by the fact that I have more options and my BTC portfolio happens to be up about 20x to 30x higher than even my wet dream scenario of 2013/2014/2015 when I was initially starting some of my BTC investment plans and engaging in maintenance of my BTC portfolio back then.

Clicked the link because of the merits and the ref. to QM. Good video, thanks.

WO greatness.

I think all you realised is that Bitfinex is back to 2017 volume levels, not Bitcoin. It used to be one of the top few exchanges, if not #1 when Tether was hot property. Now it's just another Top 10 exchange losing volume to others. This is personally why I avoid looking at these charts, or Poloniex for that reason. Despite the long price history, the volume isn't very reflective.

I prefer Bitstamp as an OG exchange, not just for the price history, but because many OGs still use it, so it's a good sign of OG volume, even if not very reflective of overall volume. I personally think the only people still using Bitfinex as those who are still using Tether, as the exchange now has a poor reputation with it's shady stablecoin. It's not very popular as a derivatives exchange either it seems.

Here's a volume comparison between Bitfinex and Coinbase, CB average is down to 2020 by looks of it (which BLX index also agrees with):



Bitfinex is basically back down to 2017, but going further back it's also back down to 2013!


Possibly, if it starts growing again that is. Coming back down to 2020 volume levels doesn't look like a bad thing to me, as could indicate the start of another cycle to the upside.
Either that or high volume now could be the start or a new downtrend, or further consolidation, but on-chain data still doesn't agree with this theory.


Nice to see the MACD moving back lines moving back into the positive, has been a while 

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I'm starting to realise how squeezed the price is becoming in a macro-sense. Price found support from the downtrend line of the $64K and $53K peaks, in what looks like a very non-coincidental type manner, especially after price closed below the 200 Day MA for 4 days, as well as 1 week below the 50 Week MA, confirming weakness at support. Now price has reached the resistance trendline from $69K to the $55-59K area, which lines up with the 21 Day MA. Before the end of the year, I imagine a 10-20% move in one way or another, as either the long-term support trendline will hold, or shorter-term resistance will hold, and given we are stuck between the two. Given the support is stronger than the resistance, personally I'd expect to be to the upside. At least back to $54K-58K level before being able to re-evaluate



The break-out from the descending wedge previously referenced looks confirmed, so the target would be around $53K (+10%) from break-out level. Price is now back above the VPVR point of control around $48.5K, as well as 50 Week MA at $47.9K that continues to rise in a very bullish manner. Price otherwise remains within an accumulation/distribution zone of $45-50K, so nothings that certain as of yet.



Based on the 4hr, a re-test of $46K-48K levels looks relatively likely (long-term support), while still holding the break-out of the descending wedge and remaining bullish. Price for now remains in the structure of lower highs and lower lows, so without confirmation of support in order to make a higher low or a further break-out to the upside to make a higher high, price remains in un-certain in the shorter-term.

Given the amount of times and opportunities to buy long-term support between $46K and $48K in the past two weeks, this shouldn't be a time for fomo imo, unless $50K breaks. Overall, the long-term support is still holding, which simply put is what you'd expect in a bull market when price returns to these support levels, as I've been saying for weeks now. Unless it's convincingly broken of course.

Explanation

Tesla proposed that electromagnetic waves had little to no effect on the phenomenon of light production. Although he agreed that his apparatus gave off some EM waves, he theorized that they were blotted out after they had traveled a short distance from the transmitter. This, he assumed, was because by the time their necessary frequency could be reached, the conductor would become opaque to the passage of the waves. The only reasonable explanation to the cause of the phenomenon was an electrostatic effect. Tesla then went on to demonstrate that these electrostatic waves could be used to light wireless light bulbs before a spell-bound audience. The concept was so far ahead of its time that the people in the auditorium literally started panicking and running out the doors because they thought he was doing the devil's work. His demonstrations would introduce the basic principles to the wireless transmission of energy we all use today in our everyday lives.

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Moral of the Story:

Always ignore the Trolls and Naysayers , go with the Darers and people who are willing to Do The Extraordinary.

the 2021 winter solstice wall report


#dyor

4h


D

#stronghands



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Happy Holidays everyone.

I've been thinking about this. Back in the old days I did buy a 928 Porsche for 2btc (~5k) and to be honest I don't regret the choice: The car has brought me a lot of pleasure, it looks good, and those years were better with the car than without. Granted I could buy one now for .1btc but those 5 years of enjoyment are gone no matter what.

Truth be told, the movie "In Time" and thinking like this is making me realize that the true value *is* time. Every day you work in a job that sucks is another day shaved off your life. Items of shoddy quality that require your time to buy/use improperly/junk when they break really suck time. Lousy relationships suck time. Your time. The time that is draining away from you every day.

Like... tears in rain.

So if this guy spent some coins to make his life better and more worth living and leaving him with more quality to his time, then more power to him.

Hm.

Let me guess...

Neo is now a Mexican tranny in a wheelchair and Morpheus fights against the omnipotent white patriarchy together with the Smiths ??

Aw fuck. Another waste of film?

I never saw Matrix 2 or 3 and in a way I am glad. The Matrix was true lightning in a bottle and I feel if I watch the sequels I will somehow overwrite my memories.

Explanation

There were a 2 and 3? /s

The very same


Percentages are useful in some cases, less so in discussions like this. A house is $X, You have BTCY which is worth $Z, you are probably targeting particular values to own or buy. Percentages are not especially meaningful in these contexts.


Not really. I just recontextualized it. If you got why I said what I did about percentages, this follows on. I never look at my sells in terms of percentages, merely if I am happy with the amount of $ I am getting for my BTC and whether I am happy with the amount of BTC I have remaining (though it would always be nice to have more, of course).

This sure looks good... But there are two things bothering me.

1. STILL NO VOLUME.

2. It's the witching hour point in the year.  Nothing happening right now can be counted on meaning what it looks like it means.

Other than that?  Pretty exciting!

Everyone spare yourselves from Matrix 4

Not gonna say more about it