Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4555. (Read 26610922 times)

Explanation

So...back during the summer, when Elon Musk said he wasn't selling any bitcoin, and one of his twitter followers asked "because you know something's coming?" and he basically replied something along the lines of "wink wink."...

Can we now safely agree that all these wealthy elitist fucks have (illegal) insider information months and months ahead of the public?

Because, yeah...they fucking do. They really fucking do.

Yes.. that is funny.

Good one, podyx.   

I knew I wasn’t really gonna like it… though Woody Harrelson always makes some things right …

Thursday : The duel, this should be good.

Hahahahaha

Good one.

Channeling gembitz...

Now we can kind of relate to how that dweeb feels on an ongoing basis...  





could I get some more of that?



 





Hory shhhheeeeit....





when listing all your various bonding feewings, did you leave the "no homo" out on purpose?





That's damned crazy!!!!!!





 







 

Meanwhile: Kazakhstan is limiting crypto mining because of energy shortage: https://eurasianet.org/kazakhstan-to-restrict-crypto-miners-amid-power-shortages



NOT! 

Explanation

I appreciate your disclosing some more details, but surely you are going to get some pushback from me in regards to some of the details that you disclosed, and of course, I do not mean anything negatively personal in terms of my pushback, but this is a public thread.. so we gotta be careful in regards to some of the ideas that you threw out there.

For sure, there are individual factors, and maybe even some aspects that you should not (or do not want to) disclose.

There are a lot of considerations in terms of quitting a job, and of course, you are in one of the best places to make such calculations... Of course, frequently the advice regarding quitting a job is usually to have a plan before quitting, but surely some people have way more options than others in terms of their skills and/or whether they are being adequately compensated for their skills.

Oh by the way.. there are so many damned jobs that do not even offer 401k plans.. .an I am surely not saying to stay with a job merely because it has a 401k plan, but having a 401k plan may well be a sign of a job that is better than some other jobs that have no 401k plan.




Fair enough.. I suppose that the amount withheld would be enough to cover both taxes and penalties.. in the event that you do not put the money in an acceptable plan within the alottted time.

Have you looked into a self-directed plan?  I am pretty sure that you have to set up some kind of a LLC or something like that in order to be able to self-direct your money in terms of such a plan, but I am pretty sure that you would not be excluded at all from investing into bitcoin within such a plan.




Fuck ethereum and any other shitcoins that you might consider to even be worth investing into.. but of course you are free to do what you like.  #nohomo.


Holy fucking shit.  That is a short-ass investment plan. I always tell people to try to have at least a 4-year timeline, but I understand that we are in a pretty strong location in our 4-year cycle.. but I would not proclaim that there is any kind of high confidence beyond maybe 60% or so (best case scenario) that the market might cooperate with you, so there ends up being up to a 40% chance that the market will not cooperate......whatever, we need to consider these kinds of gambling matters, for sure.. and of course, the final decision remains for each of us to figure out a balance that works for us both financially and psychologically given all of our individual factors.. 



Ok... from your description of "brokerage options, then I imagine that is a kind of self-directed portion.. but still you have to pick from something like GBTC or sure a ETF if it is there... .. Again, I will repeat fuck shitcoins to the extent that you believe that it is prudent to allocate any more than 10% to that kind of bullshit (and even 10% may well be too generous).


fair enough.


We are not always completely nice, so hopefully you are not expecting to be treated nicely at all times... but surely we can disagree and still discuss... so long as we are not getting into too many details about shitcoins (which is a slippery slope as you likely appreciate that kind of potential issue in this thread).



ONLY?  100k?  You are a damned bear, no?   


For sure, fair to mention that.. there is almost no way that you can get out of reporting that without substantial risk to yourself (at least getting penalties and perhaps attracting other unwanted attention to your tax filings).. .



Actually, apart from your juxtaposition of ETH within there, let me try to set aside that inflammatory (I understand that you do not intend it as inflammatory) piece of information, and acknowledge that you are making another decently good point here.. If your gamble pays off in a pretty decently BIG way (maybe you have to figure out what that number would be?  Does it need to double?  I am a bit doubtful that you could achieve doubling in 60 days.. even though it is not completely out of the realm of what could happen), it might be a good idea to completely liberate yourself from the tax deferral benefits of such funds... One of the aspects additional aspects to consider is that if you keep rolling that 401k money into tax deferred eligible funds, you continue to be able to defer any kinds of interim gains that you get from the funds throughout your trading them around, and that ongoing tax deferral could really add up to a lot of money... but sure, you have restrictions in terms of being able to freely spend the funds any time that you want and other ways that you might choose to store or even invest/consume such funds.  There are possibly other considerations as well, and I guess that sometimes people might consider short-term and really it can be quite difficult to foresee all the costs/benefits... and surely, you are in a better position to weigh all of your various individual factors.. while still does not necessarily mean that you will end up making the choice that is even better for you, even if you consider the choice that you make to be the best at the time.. but then once you make it, then you just end up having to roll with it.. because you are not going to be able to go back and make up for it, if you end up choosing the less beneficial route (attempting to account for both finances and psychology for sure).

By the way, I believe that it is worth repeating that I am just throwing out some ideas, and surely no need to take my ideas personally or to presume that I am wanting to substitute my judgement for your judgement, because of course, each of us are going to weigh these various kinds of matters differently, so for sure there could end up being various subtle tweaks that each of us would make to the plan (whether timing or amounts) that could make a BIG differences, but in the end, they end up being somewhat subjective and personal considerations in which some guys might feel strongly about certain aspects or ways of taking risks.. .... which reminds me that maybe it bears repeating some of the individual factors that each of us should be considering that would include cashflow, other investments, timeline, view of bitcoin as compared with other investments, risk tolerance and time, skills and abilities to plan, strategize, learn along the way and to tweak the plan from time to time which may include reallocating, trading, or use of financial instruments - while acknowledging that some strategies or use of financial instruments are more advanced than others and it may not be prudent for some people to use some financial instruments or even leverage/margin trading for that matter.

That would mean below $28.xxx prices and falling?
Out of the blue, very soon?
Unlikely.

Simple theoretical odds are 50/50, i'd say.  
Negative indicators? Not that i would be aware of  


Legit, why not? Bitcoin is pretty volatile at these early levels, and always up for a surprise.
Still, i doubt it.

See, I have a funny feeling we gonna come down to $50k and hang around there for just a more few months

Always wondered why there were old c64 pics posted randomly on here.
Also had to check what the ATH was and not quite there yet from back in April it did reach $64.8k.
But the train is choo-choo-ing just fine.

About as high as the chance of this thing mining a block.

Cool! She's on the right train.

And for a counterpoint: Alts!

Not very high.. buddy....  


In fact, about as high/long of a long shot as you might imagine.....



In udder wurds:


HFSP  




 


remember low coiners and no coiners.. in times like these, the trend is your friend.. have u hurd bout dat?

What are the chances of a double top reversal? I need to keep stacking

Sounds like when we were endlessly dicking around with miners. Eventually it will all be automated and profits will drop to minimum levels.

But in the meantime sounds like fun and you're stacking sats. Why not?

Explanation

https://www.zerohedge.com/markets/bitcoin-surges-near-record-high-dollar-dives-us-economic-outlook-plummets



... you all know I'm not a fan of ETFs, 'not your keys. not your coins ...'

... and even less of a fan of ETF based on fiat-settled fffffutures, 'no keys involved derivatives fraud ...'

... but the amount of fiat horsepower looking for a quick buck is immense, and the grifters are happy for any new thing to spruik

... I think we are the phase of the cycle where all the conmen come out to play, this time we have reached Wall St. bankster level conmen status

https://techarx.com/the-commodore-64-can-mine-bitcoin-and-here-are-the-benchmarks/

Thanks for this youth banger!
It's one of the tracks i rarely but constantly think about, without having heard them for longer times.
ATH tonight, no?