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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5623. (Read 26606989 times)

legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
Weird stuff is going on. Yes BTC is kind of putt putting but my kid is going on about his DOGE mining (I've reactivated a few Titans, and they are fucking PROFITABLE?HuhHuh ON DOGE?Huh? IT'S THE GOD OF SHITCOINS!!!!!)

So what's up? People just nuts? I'm not seeing relative movement on LTC, it's still pegged at .004 to a BTC instead of the .012-.018 before the 2019 implosions.



I have around 20 l3+ miners and they merge mine ltc/doge

I sell the ltc for fiat and btc.

I hodl the doge and level up my sales.

2000 at 4 cents
2000 at 5 cents
2000 at 6 cents.
2000 at 7 cents
2000 at 8 cents
2000 at 9 cents
2000 at 10 cents
2000 at 11 cents
2000 at 12 cents
2000 at 13 cents
2000 at 14 cents

every one above is gone sold.

So i still have
1000 at 15 cents
1000 at 16 cents
1000 at 17 cents
1000 at 18 cents
1000 at 19 cents
  500 at 20 cents
  500 at 21 cents
  500 at 22 cents
  500 at 23 cents
  500 at 24 cents


while all of the above was listed and sold or is still listed.

I am stacking about 5 ltc and 10000 doge a month mining.

when every thing sells out or when I stack 20000 doge with the current mining I will stack again.

My partner hodl all his doge and is pushing 700,000 doge on hodl
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Weird stuff is going on. Yes BTC is kind of putt putting but my kid is going on about his DOGE mining (I've reactivated a few Titans, and they are fucking PROFITABLE?HuhHuh ON DOGE?Huh? IT'S THE GOD OF SHITCOINS!!!!!)

So what's up? People just nuts? I'm not seeing relative movement on LTC, it's still pegged at .004 to a BTC instead of the .012-.018 before the 2019 implosions.



All Doge stuff is due to Elon Musk.

I sort of feel bad that when the Robinhood thing happened I told my family to get their money off of there. My sister had bought some Doge for some random reason. She was like "at least I made some money on that Doge thing, I bought it at 2 cents, now its worth 3 cents".
sr. member
Activity: 1197
Merit: 482
I'm all for coinbase doing the IPO and being the "first crypto company to get on nasdaq" BUT the only question I have is.. If you sit on money to invest, why would you buy coinbase stock vs buying btc? Enlighten me someone?

You cannot buy bitcoin in your typical tax-advantageous accounts (in US), such as IRA and Roth IRA.
Theoretically, you can if you open something called self-directed IRA, but it is a hassle and they have yearly fees, typically.
You can buy GBTC and COIN there, though.
A simple explanation. Most US people have a bulk of their investable money in those entities (IRA and Roth IRA).

Gotcha, so it's for tax purposes more or less? How does it work if you buy BTC direct, no tax cuts or otherwise?

yes and plus, as i mentioned, you are not allowed to trade btc in most IRAs, but you can trade stocks (like GBTC and COIN).
BTW, it looks like that WS wants to play COIN the same way they played FB (push it down first).
They probably think that this drop might entice more employees to sell.
Right now those employees are probably on pins and needles since they could have sold it in pre-IPO sales for $470 and now the price is $100 lower.
$580 on FTX looks like a joke (for now).


The self directed IRA is well worth going through the hoops to setup. Thanks to WO I learned of the possibility over a year ago and decided to do it. Best decision I've ever made. Yes there are yearly fees but so what. It's worth it to take control of your retirement account. Don't sleep on this especially if you have a decent chunk sitting in a regular 401k or IRA not doing much.
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
Weird stuff is going on. Yes BTC is kind of putt putting but my kid is going on about his DOGE mining (I've reactivated a few Titans, and they are fucking PROFITABLE?HuhHuh ON DOGE?Huh? IT'S THE GOD OF SHITCOINS!!!!!)

So what's up? People just nuts? I'm not seeing relative movement on LTC, it's still pegged at .004 to a BTC instead of the .012-.018 before the 2019 implosions.

legendary
Activity: 2520
Merit: 3038
Easy to make btc in a bear market, hard when it turns bullish, as it did in 2013.

Easy bear market -
Drink vitriol, short the corn
hybris gets punished.
#haiku

Hybris = hubris?  Is that what you mean, d_eddie?  or did I miss something?

I looked up hybris and I got hybris meaning the same as hubris in ancient Greece.. even though we are not ancient greeks here, are we?  Or you, d_eddie, are trying to lurn us some things?

I just happened to think the ancient Y gives a more menacing feeling to the last line. Yes, hybris = hubris. Some Greek y's became u's, some stayed y. But I dun wanna lurn nobody nuttin!
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Any advice on how to stop Smoking Cigarettes?  Grin

Don't light the next one.

That's more or less how I quit. I realized quitting isn't an action, smoking is.

To smoke you have to acquire a cigarette and a source of fire. Then you have to ignite the lighter or match. Then you have to light the cigarette. Then you have to inhale the smoke. Those are all actions you have to take to smoke a cigarette.

To "quit", just do nothing.

In other words:

Every time you put out a cigarette, you've already quit. Just don't start again. It's that easy.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Saylor believes the 4 year cycles are over. In any case, their company is hodling for a minimum of 5 years.

Saylor can go fuck his lil selfie..


hahahahaha
 Cheesy Cheesy Cheesy Cheesy Cheesy

I understand if you don't like him, for his style, or perhaps for acquiring so much Bitcoin.  But he has arguably done more to help the Bitcoin economy than most of us here by a long shot and in under a year.  The conference he hosted alone may have accelerated our chances of hyper-bitcoinization by quite a bit.

Or perhaps you take issue with his assertion that we might not see the typical 80% pullback this time?

He is not the only one saying that.  Dan Held believes it, and Preston Pysh has articulated it beautifully.  I like the latter's track record of selling the top of the last cycle, and saying recently that he has no plans to try that this time because he believes he is more likely to sell when he thinks it's a top, when it's just a little correction.  He thinks there is a large chance we see the boom/bust thing begin to fade during THIS cycle.

No one knows... but I also am placing my bets on less of a pullback this time as well.  Which is fairly meaningless, since I do not trade. Wink And if I am wrong?  Well I am wrong, and I still have all my Bitcoin.

But I think Saylor will go down in history along side Lazlo as one of the people who put faith in what Bitcoin was at the exact time the market needed that sort of hero.  He is certainly a "convert" with spirals in his eyes... but who are we to criticize that?

Course.. you sort of criticize everyone and everything.  ¯\_(ツ)_/¯

legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
Any advice on how to stop Smoking Cigarettes?  Grin

I gave up pipes and cigars a long time ago. Part of it was switching to a different stim drug (coffee, now meth), the other part was restricting when and where I could light up. Now it's down to craps tables and bars in Vegas. And yes, it's still nice.

The other oddity is to find something to do with your hands and mouth. I still chew on pens, and hold them just like cigarettes....
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
COIN will close the day at 250$  Roll Eyes

Fuck fuck fuck Wall Street. So fucking corrupt.

I just did the math. Had the public been able to invest directly in Coinbase stock pre-IPO back in 2013 at $0.20/share like the exclusive angel investors, they'd all be up 1250X their investment. Likely much better off than just putting that money into Bitcoin in late 2013.

(Although I'm not saying not to buy Bitcoin, that's a no-brainer to own the underlying asset directly).

This is why the 1% gets filthy rich on stonks, while the general public gets shut out of the game.

Well, sure, but so many people bidding at that time would have driven up the price per share. You can't rewind the past and just change one thread, don't worry about it :-)
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Any advice on how to stop Smoking Cigarettes?  Grin

I did it like this:
https://www.amazon.com/Allen-Carrs-Easy-Stop-Smoking/dp/1405923318

Immediately stopped without problem.

This is Level 1, though.
Then you have to know how to keep yourself from ever touching tobacco again, acknowledge that it is a deep addiction, and look at what you don't ever want to throw away: Your newly won freedom and feeling of life.

This is Level 2, then.

Level 3 is being able to smoke some once in a while, while KNOWING that it is useless and that you do it because of the addiction and because you think you are stronger than the addiction, while being free to say no to smoking in between (months, years).

Level 2 and 3 are the ones that are harder to reach without falling back to be a smoker.

And as of Level 3: I was feeling like a damn idiot after these five or possibly up to ten occasions when i choosed to smoke. When you know how ugly you feel about yourself after smoking again, it's MUCH easier to stay away for a longer while, i mean years.
I had my last cigarette about four years ago, while i was smoking a spliff last time on new year's eve 2018 or 2019 (maybe both times?). Quit regular smoking three times, last time about 11 years ago.

Just read the book. It's no promise you will stop, but you'll learn a lot about nicotine and yourself.
Good luck and enjoy  Grin


EDIT: From the movie "Sin City" (Based on Frank Miller's classic):
Quote
Nobody ever really quits. A smoker’s a smoker when the chips are down. And your chips are down.
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
Any advice on how to stop Smoking Cigarettes?  Grin

Don't light the next one.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
I'm all for coinbase doing the IPO and being the "first crypto company to get on nasdaq" BUT the only question I have is.. If you sit on money to invest, why would you buy coinbase stock vs buying btc? Enlighten me someone?


You buy both and the reason is to be diverse.

Although I won't be buying any stocks of any kind.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..

Sure, and people who are in those kinds of situations should be investing whatever their cashflow might allow, and not more.  Can we agree on $10 per week?  That gets you about 4.3BTC.. and that is NOT even accounting for micky123 saying that he had 21 BTC at one time, which suggests a whole other dynamic going on, including the fact that he has had some disposible income or he was engaging in deranged gambling which is surely not a recommended strategy whether rich or poor, even though rich can afford it more, but poor people seem to engage in such stupid-ass conduct too.

I understand that there could be some who might not be able to go as high as $10 per week, but still work with me on this.. instead of assuming too many facts that are not even presented by the case of micky123 that were presented.

That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..

 Lottery tickets?  Not sure I would characterize bitcoin as a kind of lottery tickets even though bitcoin does seem to have an asymmetric upside potential.. which is a similar, but different concept from "lottery tickets."

Were, even at sub 10k levels..

 Yes we were,... for a long fucking time.  Snap out of it.

I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..

 Well maybe you have learned something over the years?  Perhaps?

I’m doing much better these days, but not everyone have disposable income for wild investments..

$10 a week.. let's try that.  I understand that not everyone has $10 per week, but micky123's assertion that he had 21 BTC at one time does seem to imply pretty damned strongly that he could probably put together $10 per week.. even if he had to try to get smarter during the process of making that sustainable for more than a few weeks.. and perhaps make it sustainable for 7 years or so?  perhaps?  perhaps?
 

On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..

You can bet or speculate all that you like.. who fucking cares?  Do they have $10 per week?  Could have they put together $10 per week to be sustainable for the past 7 years?  Then they would have had about 4.3BTC.. go figure?
 

How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?

 I could give less than two ratt's asses, even though you are making shit up to make your strawman argument and then to win an argument that you made up.. great job.  You are quite the rhetorician.

Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..

I don't hang out in those parts, so I don't really know.. and I am not even sure if it matters very much.. there are a lot of dumbass shitcoiners out there, and if they happen to be on the forum, then so be it.  Maybe they might learn sum kind of thingilie sooner or later? Perhaps?  perhaps?
 

Doesn’t seem like the most optimal situation to me..

While you seem to be a glass half empty kind of guy anyhow, so I sometimes wonder how you have gotten by this long in your life.
 
What do you think?

I think that you like to argue for the mere sake of it, and to make shit up in order to support some dumbass argument that hardly even relates to the points that I was making in my earlier post.. except perhaps tangentially.

 

Get a grip, eddie not ready.  Roll Eyes Roll Eyes  Roll Eyes  


 Tongue Tongue Tongue


Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

It happens. That's life. Some of us were not in very good positions to keep or maintain or hodl and had to survive, even before the pandemic, even before the bear market.

Basically what eddie13 said too.

At some point, because I simply do not have enough sats, I will also have to "cash out" a little bit. Hopefully there will be more of it left so the "no exit strategy" will work in a few years.

As a mentor of mine once said, it is a problem of having "too much month at the end of the money."

I am still going to judge someone who had 21 BTC being able to put aside $10 per month for 7 years or longer and that might NOT be over invested.

If you want to describe some circumstances to defend your counter-thesis, then go ahead, be my guest.  I still believe that I made a good point, and I am not failing and refusing to account for potential problematic cashflow areas that some people likely have.

Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..

That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..
Were, even at sub 10k levels..

I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..
I’m doing much better these days, but not everyone have disposable income for wild investments..

On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..
How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?

Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..

Doesn’t seem like the most optimal situation to me..
What do you think?

Well... i have been dormant for a while, only recently came back on. I do not regret converting my BTC into Fiat, especially since it gave me the freedom to not be in Debt! In hindsight, i can say that i made full use of the bitcoin i had, it actually all boils down to what makes you happy i guess! In my case, i used it for paying off my mortgage much faster than the 20 year plan i had (paid off in 2 years!). Paid off a new car, bike and went on umpteen holidays which is something my wife and I both love, invested in my hobby of diecast collection, which in itself is worth a fair bit right now!

Do i regret not having all 21 BTC, sure i do, i would have retired without a second thought if i had that kind of purchasing power but then i am looking at a retirement at 40 opposed to 50 which was my earlier plan and it is all because of Bitcoin!

Isn't micky123 making my case for me?  He is not someone who is lacking in disposable income, and sure there are likely cases that are more desperate than micky123's in which some BTC have to be shaved off along the way, but I am also referring going from 21 BTC to less than 1 BTC.. and considering that as a problematic way of treating a BTC investment.  I am sticking to my earlier points, and if people want to give some other facts for the selling of BTC and to justify it, then please, state your case or your hypothetical, which would likely be quite different from the factual circumstances described by micky123.
legendary
Activity: 3808
Merit: 7912
Any advice on how to stop Smoking Cigarettes?  Grin

 Every time you feel like a smoke, give your knuckles a good crack with a rubber mallet.  Either you wont want to smoke anymore or you wont be able to hold a cigarette.

 edit: when I quit, I just quit. There were 3 rough days - I substituted the cigarettes for gum and sugar-free candies.

 
legendary
Activity: 3892
Merit: 4331
COIN will close the day at 250$  Roll Eyes

Fuck fuck fuck Wall Street. So fucking corrupt.

I just did the math. Had the public been able to invest directly in Coinbase stock pre-IPO back in 2013 at $0.20/share like the exclusive angel investors, they'd all be up 1250X their investment. Likely much better off than just putting that money into Bitcoin in late 2013.

(Although I'm not saying not to buy Bitcoin, that's a no-brainer to own the underlying asset directly).

This is why the 1% gets filthy rich on stonks, while the general public gets shut out of the game.

Yes, and this inability to invest early in some Internet companies (FB, GOOGL) was the reason I had an eye on bitcoin's meritocracy.
The way SEC, CFTC, etc ACTIVELY preclude regular people to invest early is appalling. To my knowledge, no other OECD country does it.
They want to have a ruling class and a permanent underclass with specific rules about "accredited investor' ($1 mil).
Now they invented even more gradations: qualified investor ($5mil), qualified purchaser, etc.
In addition, now (since 2017) they preclude US investors to invest in basically any token, not that many here cares, but still.
They (SEC) are basically pauperizing the american population.
I am not sure why I am upset about it, since I DGAF anymore.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 3780
Merit: 5429
COIN will close the day at 250$  Roll Eyes

Fuck fuck fuck Wall Street. So fucking corrupt.

I just did the math. Had the public been able to invest directly in Coinbase stock pre-IPO back in 2013 at $0.20/share like the exclusive angel investors, they'd all be up 1250X their investment. Likely much better off than just putting that money into Bitcoin in late 2013.

(Although I'm not saying not to buy Bitcoin, that's a no-brainer to own the underlying asset directly).

This is why the 1% gets filthy rich on stonks, while the general public gets shut out of the game.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Saylor believes the 4 year cycles are over. In any case, their company is hodling for a minimum of 5 years.

Saylor can go fuck his lil selfie..


hahahahaha
 Cheesy Cheesy Cheesy Cheesy Cheesy
full member
Activity: 1386
Merit: 132
Precision Beats Power and Timing Beats Speed.
Any advice on how to stop Smoking Cigarettes?  Grin
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
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