buddy be bopping and everyone has surrounded tonight.
I am drinking more bourbon not that problem get solved drinking it but it does taste good.
Went to Roebling museum with my wife today.
Nice place for a history lesson. I did not realize they were a multi generation family that helped to build.
Brooklyn Bridge
Washington Bridge
GoldenGate Bridge
The San Francisco Trolley car System
Otis Elevators the cables
They specialized in wire.
Making millions of miles of steel cables.
I must of travelled on 10,000 flights worth of stairs of Otis elevator cables working as a messenger in Manhattan 1974 to 1977.
Come to think of it more The office was on floor 54 so at the least 108 flights a day for 3.5 years. that would be 700 days of work x 108 = 75,600 if I never did a delivery. I did plenty and never got stuck for longer than 3-5 minutes. Never had a hard landing. never saw a single elevator accident.
Quality cables are part of that.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 47. (Read 26458822 times)
August 29, 2024, 11:20:12 PM
August 29, 2024, 11:01:19 PM
August 29, 2024, 10:34:21 PM
August 29, 2024, 10:01:15 PM
August 29, 2024, 09:42:31 PM
fuck off buddy
August 29, 2024, 09:01:17 PM
August 29, 2024, 08:01:18 PM
August 29, 2024, 07:01:15 PM
August 29, 2024, 06:52:34 PM
Are there any old price predictions like from years ago which were actually correct?
I made one that was surprisingly sort of correct
https://www.tradingview.com/chart/BTCUSD/KTTQ97zh-Long-term-support/
August 29, 2024, 06:01:15 PM
August 29, 2024, 05:51:37 PM
…
It’s weird that you make assumptions I was selling lots at $4K during a year it hit $20K. If you read the thread other people at the time were hoping for a $50 BTC and I was telling them $4,000. My predictions have evolved over time and I’ve explained my thought process clearly as well as never calling a forever top. Don’t assume because I gave a price target in 2011 that I hadn’t upped it or learned more about market bubbles by 2017. I could also give plenty of examples of me heavily buying the dip at $1200 after paying off my mortgage. It was definitely a wise move for many reasons. I don’t know why you are so threatened by me being able to pull up receipts about how incredibly accurate my predictions have been over the years or how I’ve been able to benefit, but it’s weird. Be happy for other people’s success, not threatened.
August 29, 2024, 05:16:06 PM
My respect for Elon Musk has grown astronomically.
August 29, 2024, 05:01:18 PM
August 29, 2024, 04:01:15 PM
August 29, 2024, 03:57:39 PM
Somewhere I read 'HOLD'
It feels like a misspelling
I'm a bitcoiner
#haiku
It feels like a misspelling
I'm a bitcoiner
#haiku
August 29, 2024, 03:49:17 PM
Are there any old price predictions like from years ago which were actually correct?
Here’s what I was saying 13+ years ago. I believe the price was around $5 at the time and in chat groups I was saying the price would hit $4,000. For the record, I paid off my mortgage in 2017 and became completely debt free. At the time (in 2011) you could mine a BTC per day on a regular household computer. I think the most important part is the final sentence. That is what kept me from cashing out before I reached my goals. This is what I'm thinking. I don't see why anyone would sell before 2016 unless: A) They're greedy and mine simply to make a quick buck (this never works out). B) They're poor and $20 is a lot of money to them, in which case they shouldn't be mining bitcoins in the first place, they should be finding a job. C) They don't know anything about bitcoins and have no clue that there won't ever be enough for everyone in the US to even have 0.1 of them, let alone people in the world.
I'm hoping to sell my bitcoins when they'll pay off my mortgage and not before. Hopefully that happens before I pay it off myself in the year 2031. If they never return a penny, at least I got to be a part of something I believe in.
This is what I was saying 11 years ago when the price was around $100, still trumpeting $4K+. This was also before I was aware the donations were spent on developing a new forum (still yet to materialize). I'm hoping to sell my bitcoins when they'll pay off my mortgage and not before. Hopefully that happens before I pay it off myself in the year 2031. If they never return a penny, at least I got to be a part of something I believe in.
I haven't seen the donations spent on anything dumb yet, so I'm happy. Wait til BTC hits $4,000 and then find a use for them. 
Factoring in inflation and a decade of market growth and this prediction from 10 years ago isn’t too far off from what we’re seeing now. Not bad given the price at the time was around $600. I can spend BTC on Amazon/Walmart using third parties, the ETF is live, El Salvador is using it, and next week Russia is expected to start trading oil using crypto… I think a market cap of 8-20 billion is appropriate for the current market ($380-$952 BTC). I think if paypal/ebay/amazon start accepting it, you could make the case for an 80 billion dollar market cap ($3,800 BTC). If investors begin to embrace the coming ETF and companies like Walmart start accepting it, you could probably make a case for a 200 billion dollar market cap ($9,500 BTC). If small countries start using it as their national currency and organizations like OPEC use it to price their products, you could see >400 billion dollar market cap (>$19,000 BTC). I personally think it will continue to grow until it settles in somewhere around an 80 billion dollar market cap for a while. My $0.02.
As for the future… If the US passes a bill to start stacking a set amount of BTC, I think we could see a $800K Bitcoin bubble as early as 2029. Maybe your statements reflect a certain amount of "directionally correct" that I was attempting to describe in my early responsive post?
Maybe it is good or maybe not to pay off a mortgage, rather than just keeping that money in BTC, and presumptively you were selling decently large amounts of bitcoin in the $4k territory, which is hardly anything to be proud of when it comes to supposedly being right.
I am not proclaiming to know the right answer, and yeah, making it through a whole cycle and then being into your second cycle is likely giving you both more options and more compounding effects on your bitcoin, yet in recent times, I have also heard you mentioning that you don't have enough bitcoin - which surely seems like another mistake, since if you are in your third cycle (and perhaps even by the second cycle) you should have enough bitcoin, even if you might have sold some along the way... unless maybe you got hacked or you weren't really able to accumulate enough, yet if you weren't able to accumulate enough then perhaps it would not have been a good idea to be selling decent sized portions of your stash in 2017 at around $4k-ish.
I have told my own story in regards to someone who I had gotten into bitcoin, since about late 2014, yet that person did not buy a whole hell of a lot of bitcoin, yet maybe their average cost per BTC was in the ballpark of less than $400 per BTC, and so during 2015 and even into much of 2016, I was trying to continue to reinforce that person not to be selling any bitcoin around the old all time high of $1k-ish, and I also suggested that I am not going to be disappointed if the person at least waited until $2k to sell any or all of the bought bitcoin, yet on a personal level I was not planning to sell much if any of my BTC outside of my already established practice of shaving small amounts at various price points on the way up... so within that context, I said that I was anticipating a blow off top to be at least in the ballpark of $3k to $5k, but I would not be upset if that person started selling at or above $2k - yet that person was free to do what they liked.. and reminding as a model that I really wasn't selling much.. which surely I ended up riding that wave all the way up to $19,666 and all the way back down to $3,124 and various prices in between, and perhaps I should have had sold a bit more on the way up and not have had been less eager to buy back all the way back down from $17k-ish to $4k-ish as the BTC prices continued to fall back down.
I don't have much if any lesson out of this, except to suggest that there are a lot of things that several of us could do (and might have had said to back up what we are doing) to establish that we were directionally correct in the price direction, without necessarily being so arrogant as to proclaim that we got it right (especially in regards to specifics) or that there weren't some ways that we could learn from our own BTC portfolio management tactics.
Surely any of us mostly HODLers and BTC accumulators may well proclaim that we were more right than we were wrong as long as we were mostly erroring on the side of accumulating and HODLing.. at least accumulating until such a point that wee have enough or more than enough so that we can start shaving off of our BTC stash at any time that we want and not necessarily feel any compulsion to replace what we spent...and we are going to reach those kinds of conclusions at different points, and surely there are some folks who believe that there aren't any reason to sell coin (with a kind of an assumption that we could never have enough bitcoin - and I surely don't subscribe to that school of thought), even though I also don't really agree with making large scale sales of BTC either, even though I do believe that we can sell reasonable amounts on the way up.. and so I am not really knowing how BIG of chuncks would be selling too much, since frequently when the chunk that is sold becomes overly BIG, then there might be a bit of a presumption that the sale is made with an expectation of buying back some or all of the sold BTC at prices sufficiently lower than the sold price and so an assumption that the BTC price is dropping a certain amount to make the sale "worth it."
August 29, 2024, 03:44:45 PM
Pretty pathetic that we still can’t hold 60k, I must admit.
My confidence about how high we do or don’t go in this cycle comes in waves. We’ve been in no mans land for a long time now though. Maybe we don’t go as high as I initially thought this time.
Market looks weak AF tbh.
My confidence about how high we do or don’t go in this cycle comes in waves. We’ve been in no mans land for a long time now though. Maybe we don’t go as high as I initially thought this time.
Market looks weak AF tbh.
I'm surprised we are still farting around the 60K mark to be honest:
* ETFs approved and massively gaining momentum, biggest inflows into any ETFs ever.
* Blackrock one of the biggest hodlers now.
* Saylor doubling down
* Trump mentioning Bitcoin, being positive and doing his rally at BTC convention (even if he doesn't understand it)
* Copycat Policy Kamala somewhat friendlier towards Bitcoin
* Ethereum starting to turn into a forgotten turd (50% down ATH, compared to BTC 20%)
* Collapse of the NFT scams (maybe that's a negative though).
* Stablecoins more and more popular.
* Nvidia / AI still on top the world supposedly.
The BTC halvening didn't seem to matter either..... yet.
Probably it's just all the big boys still being on holiday with Leonardo DiCaprio and an army of 20 year old female models at the moment.
Who the f knows...
August 29, 2024, 03:27:21 PM
Haha, just noticed my 20 cent fee league payment confirmed yesterday already!
https://btcscan.org/nojs/tx/b55362339d143497f17c1638610a84d006c19bd0ac1176f75dc31aca6f921b64
Took 4 days, I can live with that.
https://btcscan.org/nojs/tx/b55362339d143497f17c1638610a84d006c19bd0ac1176f75dc31aca6f921b64
Took 4 days, I can live with that.
August 29, 2024, 03:01:15 PM
August 29, 2024, 02:48:49 PM
Pretty pathetic that we still can’t hold 60k, I must admit.
My confidence about how high we do or don’t go in this cycle comes in waves. We’ve been in no mans land for a long time now though. Maybe we don’t go as high as I initially thought this time.
Market looks weak AF tbh.
My confidence about how high we do or don’t go in this cycle comes in waves. We’ve been in no mans land for a long time now though. Maybe we don’t go as high as I initially thought this time.
Market looks weak AF tbh.
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