Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4798. (Read 26608813 times)

Perhaps if there happens to be a enough consciousness to understand what bitcoin is..

I tend to question the brain power (intelligence and judgement) of folks who use the word "crypto" without giving some context to the matter of what the fuck they mean by such term.


That's how this bitcoin thingie-ma-jiggie works?

Learn something new every day in this thread.

And forget two things. #justsaying

Yep, short time to load up on more BTC. Looks like the sale is almost over.....

Ha ha ha ha ha ha ha 😂 😄 😆 🤣 😜

Post of the day

MYOPIA?

Incredible short opportunity here.

Upward movement has nicely resumed. Ants doing what they do best...

Movie time. Looks like we will break $52k before the end credits I finish composing this post! <--- DONE!

It's so nice watching your profits increase without doing anything. Thank you Bitcoin.

Onwards & upwards.

HoDL.

Explanation

is this a warm up sound for some face melting pricing love?

asking for a friend

ssssssjjjjjjj

I am having some inabilities in understanding either the image or the post.  Must be one of those upside down thing-a-ma-jiggies again.

In regards to a break UPpity, I am still anticipating that there could be some resistance before $55k and then a no man's zone in the $55k to $80k price arena....

.....but I suppose seeing how BTC prices play out in the coming week to month could be critical^tm in terms of assessing if we could well have a shooting up past $80k (after getting past $55k)....   and of course for me, I feel a bit hesitant to proclaim any kind of strong assertions regarding what I think (because I don't think nuttin) without first seeing if there might end up being a material and significant correction before $55k or if king daddy just wants to venture into the supra $55k territory (aka no man's land) without first allowing for such material and significant correction to play out before hand.

I know also that dee daddy does tend to want to surprise peeps from time to time, and whether that might be characterized as "punishment mode" or just normal price/market dynamics for a new monetary (sound money) as an asset class could be difficult to know, especially while we remain (blinded and) in the midst of it.

Explanation

This is strange OOM... You are at least a 2-3 year bitcoiner, no?  

You should have gotten your cashflow shit together by now, no?

I am not necessarily blaming you for both potential cashflow management issues and perhaps some feelings of necessity to draw more from your BTC holdings than what might be in your preferences, due to ongoing expenses.. anticipated and perhaps some expenses that are not so much anticipated.  But you know, even if expenses are not anticipated, ideally, there should always be some anticipated of the unanticipated.. and that is why many of the more insightful of long term investors strive to keep some balance in their monies which includes abilities to draw from a variety of funds, including NOT being so overinvested in any assets that the withdrawal would be at a time that is anything other than a  time of their own choosing....

and sure, I am not even going to proclaim that mistakes might not be made at various points, but maybe it might end up resulting in a need to withdraw 3% to 5% from some fund that was not of your choosing rather than your preferred 1% or less.. and of course, if you are getting into higher than5% forced withdrawals, then your level of "fuck up" is likely greater and in need of some reflection regarding how to deal and avoid such future "fuck uppenings."

By the way, this is a public post, so I am not necessarily referring to your exact situation, because not everyone is going to necessarily know or remember your backstory.. and even regulars in these here parts, including yours truly may well not remember too many details of that either.  I am just responding to some of the substantive issues that your post raises in regards to possible cashflow management issues that any of us could end up having depending on how we have played our cards including some of the risks that we have been taking with our BTC portfolio management.

Of course, you are not any kind of newbie in terms of both your cashflow management or even your BTC accumulation, and so I frequently have sympathies for folks who may run into cashflow issues, whether they are newbies to investing, newbies to BTC or even that any of us could get into various pickles along the way, even if we may well have a lot of cushion in the various investments that we hold.

So, in the end, if we end up having some expenses that go beyond what we had anticipated or planned and they all seem to come up at once, then we might be considering that there are some fucking issues with how far we are projecting our cashflow in advance and how many cashflow cushions that we have.  I recall that you have at least a family and a house, OOM, so that already probably justifies that you project your cashflow for a couple years in advance.

Personally, I had only been able to get away with 6 month projections when I was a lot younger (in my early 20s), but holy shit, I am thinking that even anyone who is investing into bitcoin may well have to be attempting to project cashflows 2 years in advance as a kind of bare minimum... but gosh tentatively considering the 4 year cycle might be o.k. too... even though maybe only the first couple of years would be projected with specifics and the later 2 years of the 4 year cycle might even be o.k. to just have a kind of ballpark idea.. especially if we are kind of considering (without locking in) what we are ballparkedly considering that our lillie fiend may well be doing during the next 4 years... and so for example, today if we ballparkedly consider what our lillie fiend may well be doing up until September 2025, then when we get to January 2022, we account for what happened between September 2021 until January 2022 in order to update our September 2025 to January 2026 general projections.

By the way, part of the point that I am trying to make in regards to the preferences to project out cashflows is in order to attempt to help in the consideration of both short term and long term cashflow management so that hopefully we are able to reduce the amount that we are cashing out of any kind of asset that is our preferred HODL asset, and BTC should be at the top of that list.. or damned close.. unless we are at something close to fuck you status and/or we may well be way overinvested into BTC and /or in very high profits.. so as long as we are conscientiously making those choices and trade-offs then we should be better off for having had gone through the efforts of projecting out our cashflows.


Hahahahaha

That's another way of putting it.

 


Oh my.

Gosh.


That seems to be what I was trying to say, Jimbo.. except that you said it way more succinctly than this here cat.   

@JJG says: "and sure, somewhat sorry for your loss too, Biodom.. except I am a wee bit less sorry for you because you continue to whine over your prior lack of aggressiveness and you also seem inclined to promote lack of aggressiveness from others.. because of supposed structural disadvantages that newbies and normies have.. without even being able to recognize and appreciate that bitcoin brings a lot of power to many newbies/normies, and probably more likely to those newbies/normies who take a more aggressive rather than defeated/whimpy approach to their BTC allocation efforts.."

What losses are you talking about?
Every time you misquote and misconstrue whatever I say. Stay away from replying to me, period.
You keep making wrong theoretical constructs about people and then comment on such constructs.
Everything you say about me is factually incorrect.
In fact, the little diatbribe you posted has almost nothing to do with the quotes that you cut out.
You are, basically, a troll (or a little trollie).
Do you have anything else to do besides trying to post something at the middle school level?
Asking for a friend.

https://twitter.com/Diditaihuttu/status/1434837607351980037?s=20

Explanation

No wonder your logic tends to gravitate towards such muddied variations.. listening to that distracted dweeb  Raoul Pal, who seems to not be able to recognize and appreciate the difference between bitcoin and shitcoins... Does not mean that he is dumb, but surely a wee bit distracted, just like uie-pooie, Biodom.

 



Of course, there have been some bitcoin investment vehicles and BTC investment offerings that were ONLY made to well capitalized individuals, yet if you had not noticed, normies are not hampered by such baloney because in BTC, they are able to front run the fuck out of the financial offerings that are ONLY made to the highly capitalized peeps.

There have not been too many widely available investment vehicles in history that offered such considerable abilities for normies to front-run the fuck out of a lot of kinds of investors that had been traditionally advantaged and given investment opportunities way in advance of normies.

So the main obstacles that normies have had in regards to bitcoin is their own consciousness, ignorance and/or limitations that they place upon their lil selfies.  And, sure, if they fail and refuse to regularly invest into bitcoin, they would not have been able to do as well as the guy who just bought 21 BTC in 2015 and sat on it. 

I guess part of my punchline is that normies who allow their lil selfies to continue to be hampered based on the systematic disadvantages and fail/refuse to see some of the actual opportunities in front of them (in the case of BTC, front-running opportunities), then of course, those kinds of peeps will not be able to advantage as much.. and sure, somewhat sorry for your loss too, Biodom.. except I am a wee bit less sorry for you because you continue to whine over your prior lack of aggressiveness and you also seem inclined to promote lack of aggressiveness from others.. because of supposed structural disadvantages that newbies and normies have.. without even being able to recognize and appreciate that bitcoin brings a lot of power to many newbies/normies, and probably more likely to those newbies/normies who take a more aggressive rather than defeated/whimpy approach to their BTC allocation efforts..


Well hopefully the vast majority of those of us actively participating in this here thread had been buying throughout our forum membership, which is hopefully longer than a year in order to have had gotten some sub $10k coins, but even to have been able to get quite a few coins all the way up to $65k and then back down into the upper $20ks.. and spending a quite a bit of time in the lower $30ks.. seems that we were in those lower $30ks for a bit longer than two months.

And, sure if some of us (even those with a couple of years of forum membership) might not have been able to accumulate as many coins as we would like, we still might be regularly buying on the way up, just to make sure that we are not holding back too much cash.

Of course, newbies and no coiners have a bit more of  dilemma in which they have to weigh the cost benefits of lump summing right here or waiting for dips that may well not happen.. hard to know for sure... so that is the kind of dilemma of newbies, nocoiners and those with way too small of allocations (underpreparations for UP).

Explanation

Fantastic, they must be prudent investors. I guess it all boils down to need vs greed, if you are happy and content with what you have, you should be able to retire on a relatively low corpus.

The biggest mistake that some retirees make these days is liquidating their 401ks or re-configuring it to mostly cash and bonds.

Huge mistake. Inflation would insure their wealth would be cut in half within 10-15 years. If they live 30 more years beyond retirement, then they will nearly be poor by their death.

The risk has now completely flipped 180, it is far less risky to keep your retirement wealth in equities and other investments after retirement than to go to cash/bonds.

Edit: I read about a couple that retired early 15 years ago on $800K, but they kept it all pretty much in investments and only liquidated what they needed. Now 15 years later, they have $1.2M left. 

Nothing really, as it's just facts and something he has stated publicly, whether that's true or not (but likely true, as there's no reason to lie about holding cash, it's not uncommon.)

As for the rest of your post, I guess it all came about because you treat stablecoins differently than the US dollar. I understand they are completely different, but they are currently valued the same, where one is "as good as cash" but has it's own issues, and the other, I simply use because it's easier to send back and forth to other exchanges that also accept that stablecoin, as you have experienced with Binance / Binance US.

Based on what I can understand from you, other than your dislike or hatred for stablecoins and shitcoins, if you consider the USD as cash, and I'm treating stablecoins as cash, we're simply talking about the same thing with different properties or risks associated with them. I'm not talking about the underlying platform, or yield, or borrowing from BlockFi / Celsius / Nexio / what-ever other lending or borrowing platform.

I think I may have just misunderstood you and apologies for using the term stablecoins when I meant USD; I just happen to be able to use the stablecoin as a proxy for the fiat dollar for general usage purposes. Or rather, I did mean stablecoins and not USD but for almost all practical intents and purposes I see them as similar if not the same. There's more than one to choose, and if using an exchange like Gemini or Circle, they support the more notable ones that aren't in as much danger as say, tether.


As for FU status, your view is a lot more conservative using the 208 WMA, I was just trying to think in terms of the sat stacker who can't get up to 100 BTC starting today and may want to experience "retirement" earlier than attempting to stack 143 or 200 BTC, or even have 30 BTC. These guys want to get as close to, and maybe exceed a little, but not have "too much". It's good, but there are some trains of thought that you don't need beyond a certain amount, so waiting too long might be "wasting" time you can enjoy now doing other things than working for income.

If someone already has other sources of income other than employment, such as other traditional investments, or running a successful business (pretty hard to do during the pandemic), then they may not actually be into retiring from work, or may not see their work as something to quit from anyway.

Some people like what they are doing, get paid for doing it, and don't even get into thinking of retiring in the traditional sense. They can live off their earnings and stack more sats. I believe most current multi-millionaires and billionaires are in this category. They don't need to do anything, but they still do whatever it is they are doing, and can obviously afford to say FU to anyone (not that they do it.)


It's a fine line between achieving FU status and actually living off it. You don't want to get there when you are 80 years old when you could have done it earlier because you insist on being too conservative. (and then dying a year later because you hit average life expectancy age.)

I'd be scared to "retire" even at 65 if I only had $2m USD, but it's one of those things where you just have to take that risk. Or keep working.

As for someone with 30 BTC to spend out of 200, I'd think other than continuing to work because he likes to, he can retire now.


Perhaps the discussion now should be between using 208 WMA * 25 instead of spot price * 30 ? or something in between. I mean, I like looking at 208 WMA, but I think it's too conservative. Some people don't have much time to live, so I guess it also depends on your age now.

Buddy, I think it's time for you to dump 51 as she seems to be holding you back from fully expressing your true self. There are other fish numbers in the sea.

Ok, when I say dump, I mean pump obviously.