Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5036. (Read 26609699 times)

Why not an update?

I am thinking that even if we were to price each pizza at $25, then two pizzas at our current BTC prices of $39,050 would be about .00128041 BTC for two pizzas.. that is nearly a magnitude (1/10) less than it was in 2017, no?  And, surely we are not done yet, for those of us valuing our wealth in pizzas, there is likely going to continue to be more and more value in terms of pizza purchasing power if we accumulate and HODL our BTC in the coming years.

Why are you wanting to come off as a much BIGGER baller than you likely are?

From my understanding of your situation is that you are largely in a BTC accumulation stage, probably for a decent amount of time into the future... maybe 5 more years or perhaps a couple of BTC cycles (which would be 8 years or more).. what is the rush from your perspective for the BTC price going up?  You are considering selling and playing the up down roulette?

Surely, there are some folks who are early on in their BTC accumulation stage who are wanting to shave off some profits when the BTC price goes up, but very many people who are new to bitcoin (or early in their accumulation stages) and they are attempting to consider bitcoin investment as a long term play, so in that regard, they tend to be quite nervous for the first several years into bitcoin in terms of NOT really wanting to sell much if any of their BTC, even if they might be in profits of 50% or even 100% or more.. and some people even get worried about selling too much BTC after they are 3-5x or even higher level of profits in BTC because they are continuing to consider themselves in BTC accumulating for a several years (at minimum).... in terms of trying to reach certain goals.. and sure, if a guy/gal might have an investment portfolio of $100k to $500k, s/he might want to try to get to $2 million or more in these times before really starting to feel comfortable or cocky.

By the way someone who might be fairly aggressive about bitcoin and has a $100k to $500k investment   in BTC might only have a 10% allocation in bitcoin which is between $10k and $50k - and surely might not be enough to really be considering the BTC allocation to something that they could take for granted... and that is assuming both an aggressive stance such as 10% and also assuming that the investor feels that s/he has reached the 10% allocation levels...

For example, there are a lot of newer investors who might be buying their personal home and buying contributing into a 401k (with employer matching funds) or something like that, and then if their goal is to invest 10% of their income, they might not have much left to invest into bitcoin after making some of those kinds of payments into their 401k and their housing payments.. so even assuming that some younger peeps might be able to feel comfortable assessing their total investment portfolio in the $100k to $500k range, their allocation to bitcoin might still ONLY be a relatively small part of that depending on their other investments or how they might be calculating their other investments.  On a personal level, I have never really been feeling very comfortable to assign a very high value to a housing investment or even a business investment because those kinds of investments are not very liquid and there remains a decent amount of uncertainty regarding the extent to which the assessed value is very easy to extract from the property/business.. so maybe even $100k of value might ONLY be reasonably be assessed as $50k or so until you are able to get the cash into your grubby little hands.

So, in the end, one or two cycles seem to be a kind of minimum prudent level before really getting excited to have the BTC price go flying up..   Sure, we cannot really control (or even know for sure) if the BTC price goes flying up either... yet I still have some troubles considering why any newbie BTC accumulator is going to be getting excited about BTC prices going up, unless valuing the BTC in fiat and/or playing around with the trading to attempt to accumulate through trading, which surely is not tend to be as good of an accumulation strategy as just ongoingly buying...

So yeah, for anyone who is going to be o.k. to start shaving off some of their profits and wanting to use some of that money to buy back BTC, then hopefully they have either reached a kind of high level of accumulation already, yet how are they going to know when to shave off or how much to shave off .. well maybe until they start getting closer to their beginning level of fuck you status of a $2 million goal and they can kind of project their fuck you status.. otherwise, it seems that anyone new to bitcoin is not going to be close to fuck you status, unless s/he was already close to fuck you status before getting into bitcoin.

Agree the men of the wall will be crying by Christmas. Sub $10,000 inkoming!!!!!!!

I always liked ramen anyway.

As far as I know that BTC price movements are based on fundamental issues such as countries that legalize or not, regulations on BTC, networking and mining, and many other things.  Regarding yesterday's conversation between EM, Jack, and Cattie, ​​the next day the falling BTC price slowly started to rise, I suspect it was just the effect of their online meeting yesterday.  Have I misjudged the basis of this price movement?

Damn, celebrating 4 year membership of this community! Time flies when you're having a ball (or two).

Could this be the right time to open a few threads in the Meta, Beginners and Reputation boards to teach people a few valuable lessons about my experience on the forum, and receive a million billion trillion Merits?

Fugg no.

meh dont worry about spending bitcoin.  I have the equivalent of what...5000$ dogecoin socks, who else can say that ?  Im the richest mofo in the room if you measure it by sock value

Forster began charging 75 Bitcoins for each pair in February

"Onion ring" - we usually just call that onion.

The cheese that stuck to the box probably comes out at 20k.

come on people, I paid the socks with dogecoin.  the "equivalent" value today is 5000 give or take
and yes I still wear them, and they are comfy
edit: they were like 10$ yeah
edit edit:  Holy shit, that 3 million dollar piece of salami 

meh dont worry about spending bitcoin.  I have the equivalent of what...5000$ dogecoin socks, who else can say that ?  Im the richest mofo in the room if you measure it by sock value

meh dont worry about spending bitcoin.  I have the equivalent of what...5000$ dogecoin socks, who else can say that ?  Im the richest mofo in the room if you measure it by sock value