Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4565. (Read 26610289 times)

Explanation

I know u guys love bitcoin. But it's flawed. U can't love math, it's just math. It's like loving a rock. Or those rock NFT jpgs.

Well, THIS would stand even in the troubled times...food supply ensured, electricity too, and high elevation for tactical advantage  
My wife wants a lake and my son recently told me that his dream home is a ranch. I am absolutely NO rancher myself, but a serene lake sounds appealing.
The only thing about a ranch...you can mine there as much as you want, no neighbor complains. I am missing mining in person a bit and my current host is closing by next summer.
What to do? Sometimes i think that when i retire, mining would be something to put some energy into, but in the city warehouses (to rent or own) are darned expensive.

Celsius (not promoting them as i just did the research, but did not place any loans with them yet).

LedgerX is the place in US where you can sell essentially covered calls against your btc.
Advantage: you also get cash now for a HIGHER bitcoin price sell, essentially. You place a covered call at 75K, get some cash (did not look lately, but should be at least $10K for later timelines).
If bitcoin gets to above 75K, this means that you sold your btc at 75K+current premium (10K in my example)=85K (beats 61K peeps were selling for this week).
If bitcoin does not get to 75K, then option expires and you may get your bitcoin back or sell the option AGAIN.

See what you did?
You scared him, now he's dumping his last Bitcoin to go all-in on Doge 

Another Sunday,
Bitcoin is doing its thing….
Fake out possible.

Can a doge investor like savetherainforest guy be considered a dogshit-coiner? 

I remember him, he went AWOL before that Micgoossen dude disappeared.

Time flies!

Explanation

Celsius sounds too good to be true with their massive return on stable coins, almost 9%.
That is a better return than you'd probably get with renting out properties.

It may be fine for everyone at the moment, but I'd certainly would never transfer a large part of my bag to them.
Who knows what type of attacks the central banks and associated protective bodies will mount in the next 5-10 years.
They can't take down Bitcoin but they can certainly go after big companies who are promising people the world and are a threat to their buddy bankers like Jamie Dimon and his cronies.
If these f*ckers think Celsius is in the way of their big existing buddy banks being custodians of people's BTC (which I think is where things are headed) because they got into the game late, I'm not sure Celsius will be left alone and could be a big rug pull for people's BTC. I hope not. Just my cautious opinion.

To put it this way: I think Bitcoin will outlive Celsius.

Are you proclaiming that Marx was right? 

In essence, the extraction of the surplus value of labor ends up going to the property owners in the event that the lumpen proletariat masses are not able to garner up enough resources to protest and to overturn the exploitative classes and get their jack booted thug boots off of the necks of the working class plebs.


I don't know.. Majormax was frequently suggesting that we need to prepare for down before UP, but saying that he believed that the long term was generally UP.. or at least that is my impression.. so he did not come off as being as extremely negative in the long term as the kind of person that you were describing.  He frequently was trying to assert that guys needed to continue to prepare for down before up.. .because we tend to be our own worse enemies in terms of expecting bitcoin to go straight up without major price corrections along the way...

and sure in the end he was too bearish...

I do recall that at the bottom of the 2018 correction and even into early 2019, he was proclaiming that we were not going to see $10k again for 1-2 years and other overly bearish baloney like that.. and he ended up being wrong as soon as May 2019...... but did not stop him from continuing to post his concerns about down before up.. and yeah maybe he was the one that you were remembering...

And, yeah he has not been around as much, and surely he seemed to be inclined to come out at times that the BTC price was dropping and saying I told you so.. blah blah blah..

Naaaah Majormax …..

I don’t know…. But haven’t seen him a lot in the WO anymore as well….

Still seeing a weekend pump? Cooler heads prevail friend. We all want the price to go up but you have to watch the market and listen to what it’s trying to tell you. There are ebbs and flows to this. It isn’t a straight ride to $200K. The leveraged longs make sure of it. We gotta keep liquidating them so no Johnny come latelys get rich overnight with dumb bets.

Which specific service are you talking about? Inquiring minds want to know.

Of course a distracting shitcoin variation of scrabble.. and seems to create the impression that bitcoin is just one of many other cryptos.. blah blah blah.. nonsense..


Link or it did not happen.

 


We are not really in a "take your time" zone, even though anything can happen.


It's nothing..

It is not too likely that we are going to be hanging out here for very long... but sure, anything could happen..

$60k is like $18k... Do you remember hanging out at $18k very much?  Sure we passed through there a few times, but we did not hang out there very much..

Again, anything could happen, but $60k-ish seems like a pretty big nothing burger to me.. at least tentatively speaking.

Zoom out dude!!!!!!!!!

Don't get distracted by short-term stuckenings and believing that there is some kind of meaning of significance contained therein... when there likely is little to no significance.

On the other hand, if we are still hanging out in these upper $50ks to lower $60ks in the coming month, then may well have to reassess the situation.... yet until then, let's not get short-term noise side-tracked.


Yeah... a week or two more likely.. even though for sure anything can happen..

The next few days are critical..^tm as Ognasty already said in a couple of his recent posts that by this Tuesday has decent chances.. at least when considering the new ATH and 6 digits likely to follow soon thereafter, and sure that might be a bit too bullish too, but seems like a decent scenario to continue to have UPpity pressures... ongoingly.


I will venture to say that the above quoted post does not represent an open bet... and I remember proudhon posting that at around the time that it happened.

Essentially, that is an offer from proudhon to give you $10k worth of bitcoin if bitcoin ever reaches $170k... and I am pretty sure that he is good for it, even though he otherwise comes off as a trolling dweeb.

For some reason, he must like you...   hahahahahaha   #nohomo.

Explanation

Yes, doesn't really pass the litmus test of slavery which is the inability to walk away (unless one considers being subject to natural processes like thermodynamics and gravity to be slavery). Also most people put the "collar" around their own neck

Personally, I could live in the house I own and grow and kill my own food to my own benefit but I'd still have to stump up $ in taxes so if there's any slavery, it's right there.

Pretty typical speculation coming from a bitcoin naysayer (and sure a no coiner).. sounds like someone as extreme as Jonovi.. but off the top of my head, I cannot remember the specific member who said that.... but yeah.. not a bad idea to keep track of some of the dweebs and their all knowing statements that tend to come out as nearly the opposite of correct... hahahahaha.. happens quite a bit in these here parts.. and not even as if any of us know what is going to happen, but some of us seem to be quite a bit more correct than others... at least in terms of attempting to prepare for UP, in case bitcoin might catch on.


Oh gawd... you are amazing.. if you do not say so ur lil selfie.  

Ah, got ya mixed up..

Jimbo is the lake owner. We have a couple fishing ponds and cattle watering holes on the ranch, but nothing approaching a description of a lake.

When I say 10 years away, that's us moving out there and abandoning our suburban home altogether - Having all the subsistence infrastructure being well established and running by then.

Probably going to spend 4 days at the ranch, and 3 days in the city for a little bit, and see how that works out. Realistically, it won't be until early spring until the barn/home goes up at end of Phase 1 construction.

Phase 2 construction is for our main home, solar arrays, greenhouses, and my studio building.

Phase 3 has not properly come into focus yet, but likely to involve buying up more land, building a citadel 1000ft high, and doing a geological project on a heretofore unforeseen scale, to build a proper lava moat surrounding the citadel.

Hopefully end of 2025-ish

EDIT: No problems with data, electrical, or water service where we are building. Robust, new infrastructure in place.