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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5656. (Read 26608282 times)

legendary
Activity: 2310
Merit: 1422
Silly Twitter fad
Was cool for about a week.
Now it's outdated.
Everything that has been done in the garden of bitcoin is aging apart from bitcoin itself.
Let's move on, I never liked the laser eyes fad.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
There seems to be a lot of buying potential and people wanting to get in, but they are still hesitant about which direction BTC will take. All indicators show that the direction is up, so even a black swan event can not prevent this from happening in the next 2-3 months. The possible resistances IMO are 80-85K, 115-120K, 160-170K. The more sideways action with <30% dips, the far we can go. Perhaps 333K-400K in the next 12 months, or even 500-600K are completely possible peaks (only 10x from now).

I think we get to 75-95k by oct 2021.

I then think we take off with explosive growth.

Pushing beyond 100k then 200k. In a flash.

legendary
Activity: 1891
Merit: 3096
All good things to those who wait
There seems to be a lot of buying potential and people wanting to get in, but they are still hesitant about which direction BTC will go. All indicators show that the direction is up, so even a black swan event can not prevent this from happening in the next 2-3 months. The possible resistances IMO are 80-85K, 115-120K, 160-170K. The more sideways action with <30% dips, the farther we can go. Perhaps 333K-400K in the next 12 months, or even 500-600K are completely possible peaks (only 10x from now).
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!



Nice Congrats  Grin Grin Grin
Bought me a new candy also  Cool



GR Yaris? Nice, how is it? I've heard they're fucking rockets! Nearly bought one but just didn't; waiting on the 400Z

Nice.  I am getting 2 sheds to replace the 28 year old 1 shed I have. I will be losing 96 sq ft of space and gaining 112+ 112 = 224 square feet of space




Nice, how much is it? (just the building).

1 building with the  roof gable windows side door and 2 front windows = 4400 usd.

I will prep a 3/4 blue stone gravel pad to drop in the shed. The pad with my labor is about

400 = stone
240 = pressure wood to hold stone
  60 = landscape fabric under stone.
700

so 5100 with gravel bed and building.

10,200 for 2 of them.

They are pretty good looking they will match  each other and complement the house siding.

I need the room for parts! House is too full with mining parts.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morn Bitcoinland.
Five nine six eight eight dollars
(Bitcoinaverage).

The continuing
Battle for sixty thousand
Just keeps dragging on.

I won't call it done
Until we pass seventy
Thousand U.S. bucks.

But first we need to
Get to a new all time high,
Hopefully this week.

Is the laser eyes fad over now? Can I change back to my old avatar?

Silly Twitter fad
Was cool for about a week.
Now it's outdated.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
[...]

But with Tesla accepting bitcoin I want to buy a Tesla, but if it's a battery technology I know that it makes sense to buy a new car. So the Tesla I'd like to buy is over $100k. I can certainly afford it. But it's such a huge leap. The first house I bought was nice, had 3 acres of land and only cost me $85k. I just can't imagine buying a car that's more expensive than what I'd pay for a house (don't get me started on the prices of houses right now...).

[...]

As someone once said here in WO, when you're buying a Tesla with Bitcoin, what's really happening is Tesla is doing the buying and you are doing the selling.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Nice.  I am getting 2 sheds to replace the 28 year old 1 shed I have. I will be losing 96 sq ft of space and gaining 112+ 112 = 224 square feet of space




Also nice. I was going to be building a 12x20 right about now but lumber prices have more than doubled so I think I'm going to hold off a bit to see if they settle in the next few months.

 Bitcoin has more than doubled as well - you're fine!

For peeps who had not adequately stocked up on bitcoin prior to September 2020, they might be needing more price appreciation to make up for what they "should have done."   So yeah, some peeps might have either been distracted by various shitcoins or may have been busy thinking negatively about bitcoin which contributes to their failing/refusing to adequately prepare for UP.   

And, so yeah.. bitcoin has definitely more than doubled and more than outpaced any of the inflationary aspects of a large number of goods and services which may have doubled at most.. so having a decent amount in bitcoin would make those other price appreciations pale in comparison.  I recall, fairly straight-forward estimations of current bitcoin prices are 5x to 6x higher than they were in September 2020 (and that is only 7-8 months ago)... and surely closer to 6x..

I don't really believe that measuring from the March 2020 dip would be very reasonable, even though factually accurate (which would be around 15x) - but reasonable arguments could be made that bitcoin has actually gone up greater than 6x from whatever was its base - and $10k is surely a conservative base because bitcoin spent so much damned time in a $4k to sub-$10k status between 2018 and 2020.
full member
Activity: 1386
Merit: 132
Precision Beats Power and Timing Beats Speed.
Satoshi is sunbathing on one of his 700M$ Sailing ships Cheesy
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Wasn't he referring to seasonal rains?

Isn’t it Bitcoin season?

Yes, since 2009 actually  Grin

Of course, overall bitcoin has done quite well since it went live in January 2009, yet who the hell really knew about it for some time... except for a few guys that were really in the nerdiest of nerdy circles in terms maybe having some potential technical knowledge.

And, still bitcoin did not really get any kind of attempts at tangible price discovery until around May 2010, the time of the pizzas transaction.. and maybe there have been some spreading of the news about bitcoin as the price was getting assigned to it and it was being found out about by more and more people.  I am pretty sure that I heard the word, "bitcoin" a few times before I looked into it, and maybe I just thought something superficial that it is a kind of invented money like Lindy Dollars or whatever.

I do believe that we should be attempting to consider some of the nuances of bitcoin's price movements and cycles which does seem to cause it to have seasons in which some folks could well be in a world of hurt if they are not able to figure out strategies to get through the cycles.. both financially and psychology, and surely hardly any of us were able to get into bitcoin in 2009 or even sometime soon thereafter be able to have some of the pleasures of experiencing the price appreciation of its whole life... We only know about bitcoin between 2009 and whatever time that we got in through the experiences of others - not that I am saying that you actually "have to" own bitcoin in order to benefit from its invention and they incentive systems that it has set up that will likely end up benefiting everyone, whether they own it or not... and sure the owners of bitcoin do seem to have gotten quite rewarded through the years and likely to continue to be rewarded as far as what seems to be likely in the future.

To level up, you need merits and activity, and to become Legendary you need 1000 merits and an activity of 775-1030 (chosen at random).

He had the merits, not the activity.

Gawd, i got it wrong (again). I'm not surprised, like most of you aren't too...  Roll Eyes

EDIT: Maybe BTC can buy me a reliable brain again in the future. But then i will be old, so i won't need it by then  Angry

Don't worry, the fact that you own BTC means that you belong to the top 0.1% of the smartest people on Earth. Your brain is fine.

I hate to quibble with a fellow bull - but seems to me that there is some level of smarts and luck in terms of finding out about bitcoin and then acting upon such knowledge.   When I found out about bitcoin in late 2013, I was so damned ready for it because it seemed to have been exactly the investment category that I was looking for and so maybe I am one of the rare ones in which the concept clicked almost immediately in terms of the proposition of bitcoin and my desire to get a stake in it, but I surely am not claiming to be any kind of genius in terms of the strategy that I established and if there might have been some better ways of going about my investment into bitcoin in terms of where I was at at the time that I found out about it.

And, yeah, I use the term "found out about it" loosely because I hardly even knew exactly what bitcoin was except for some descriptions of it and what it was trying to achieve, and so part of my initial goal was to start to get a stake in bitcoin but to also study the matter at the same time and to figure out if maybe I needed to readjust my strategies or my ideas about what it was that I was investing into.

There are so many people who neither had the luxury of being in the mental/financial place that I was when I got into bitcoin nor are there many people who have the luxury to spend a lot of time studying a matter...

Many of us heard about the August 2020 article regarding yuppies dismissing bitcoin (a r/bitcoin link on the topic, too), and yuppies are considered to be smart people, but the article is likely correct about some mental blocks that cause difficulties for them to take action in terms of either investing into bitcoin or researching into it more.  Most of them will likely come around sooner or later, and many of them are likely smarter than a lot of us here, just smart in different ways that end up causing them to be a bit of laggards in the likely largest transfer of wealth in our lifetimes, and perhaps the largest peaceful transfer of wealth in the history of man, perhaps?  perhaps?

I agree, luck has certainly played a role for many of us in our Bitcoin journey. But not just luck. I think that one needs to have a suitably capable brain to be able to get into Bitcoin and stay into it for the long run. The true early adopters were the "nerdiest of nerds", as you say, but they had brains too. At least those who kept their coins. Bitcoin was (and still is to some extent) a difficult thing to get into. You can't just go to a shop and buy it. You have to really want to own it, and, to some extent, you need to put some effort (physically and mentally) to get into it. This immediately pushes the lazy, weak, or dumb ones away from it.

On this coming Saturday (the 17th) I've arranged a meeting with a nocoiner cousin of mine, and we'll be meeting at my other cousin's house. So it will be me, my coiner cousin, and another nocoiner cousin. The purpose of the meeting is to initiate the nocoiner into Bitcoin, registering with an exchange, buying his first BTC (only BTC and no other type of coin, I will insist on this), transferring to a wallet, maybe a paper wallet, and also explain the underlying math & science behind Bitcoin. This takes effort, it's not an easy thing to do, even today. Just imagine those really early adopters. Setting up Linux boxes, installing the s/w, trying to understand the tech, and mining out of their CPUs/GPUs something that had no value, or very little value. It was not for everyone. You had to be nerdy, geeky, smartie, lucky, and open-minded, to want to do this. I applaud these guys.

As for me, I first heard about Bitcoin on the news on TV, can't remember when, probably back in 2010-11. Of course, news pieces are designed for dummies and did not really explain it properly. And it was quick too, barely 1 minute long. They just said "digital money", "being able to transact digitally over long distances". So what? Don't credit cards do that? What's so new about it? And the name "Bitcoin" didn't impress me for some reason. I actually hated the sound of that word. Yuck! "Who came up with that ugly name?", I said. And that was the end of it. I forgot about it. The next few times I heard about it was when Silk Road was shut down (2013), and MtGox collapsed (early 2014). Again on the news, and portrayed very negatively. And that was it again, I dismissed it, erased it from my brain and moved on.

I started seriously investigating about Bitcoin in late 2014. Here's an email I sent to a dear friend of mine (now a coiner), dated November 2014 (copy/pasted from my "Sent Mail" folder just now):

                   Sorry for not getting back to you earlier, I forgot to send you those links about the topics we discussed on Sunday. Actually I can't remember all the things that I should send you links for. Here are the topics I do remember:

Ponzi Scheme (Wikipedia's article),
bitaddress.org (Bitcoin wallet generator),
offlineaddress.com (similar to the above),
Bitcoin: A Peer-to-Peer Electronic Cash System (Bitcoin's White Paper, by Satoshi Nakamoto).

Let me know if I've forgotten something. One thing is certain. This is a big thing that has the potential to change the world. We should investigate about Bitcoin as soon as possible and understand it as much as we can. Study it (esp. the last link), and we'll discuss about it again.
                   

The above is the earliest email record I have, where I'm seriously discussing about Bitcoin. Notice my first link: Ponzi Scheme. I was reluctant to accept Bitcoin at the time, because I had not studied it and did not really understand it. I remember reading the White Paper and getting goose bumps on my spine. It was like a revelation to me. I spent the entire week researching about it. I then called my friend on Skype and told him: "We've got to buy Bitcoin ASAP!"

I bought my first 0.5 BTC for about $100 in mid-2015, using a local Bitcoin ATM. 3 months later, I bought another 2 (or was it 3?) BTC for $1000 from the same Bitcoin ATM (price had risen since my first purchase). And that was my (admittedly, very late) start. Then came Andreas Antonopoulos, with his wonderful books and talks, that firmly cemented and gave rigor and structure to what I had already understood about Bitcoin. That was the "point of no return" for me. I was sold. I just knew that this was something big, something very big, and I was so excited to be part of it. And here we are, posting "come on, Bitcoin, do something" memes @ $60k...

So... Luck? Brains? Nerdiness? Craziness? All of the above? I don't know. But it sure has changed my life. And so far it's been the most exciting journey I've even experienced. And the best is yet to come!

Thank you, Satoshi, whoever and wherever you are.
full member
Activity: 1386
Merit: 132
Precision Beats Power and Timing Beats Speed.
Damn dude, dont Push the BMW 1 Series too far. It really is a Dangerous car, whenever you go above 150kmph think about that your back end is gonna go wild at that speed (expecialy on wet ground).. Dude i dont wanna see you crash with this car.... It is a Beautiful one but dangerous. Props anyway on buying it, but sell it ... lel

Obviously not gong to sell the car because of one opinion. I don't know where you got your information, but maybe the person who experienced that had bad tires or a bad suspension setup? Anyway, putting on fresh Michelins on this machine next week. It already has the M-suspension. Thx for the concern.

https://www.youtube.com/watch?v=sD4q2dq5KWY

I notice its even worse on the newer Models, their weight destribution is terrible.. But hope the M-Suspension fixes the problem .
legendary
Activity: 2520
Merit: 3038
legendary
Activity: 3808
Merit: 7912
Nice.  I am getting 2 sheds to replace the 28 year old 1 shed I have. I will be losing 96 sq ft of space and gaining 112+ 112 = 224 square feet of space




Also nice. I was going to be building a 12x20 right about now but lumber prices have more than doubled so I think I'm going to hold off a bit to see if they settle in the next few months.

 Bitcoin has more than doubled as well - you're fine!
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Nice.  I am getting 2 sheds to replace the 28 year old 1 shed I have. I will be losing 96 sq ft of space and gaining 112+ 112 = 224 square feet of space




Also nice. I was going to be building a 12x20 right about now but lumber prices have more than doubled so I think I'm going to hold off a bit to see if they settle in the next few months or maybe if Bitcoin doubles and I don't give a damn.
hero member
Activity: 1132
Merit: 818
Damn dude, dont Push the BMW 1 Series too far. It really is a Dangerous car, whenever you go above 150kmph think about that your back end is gonna go wild at that speed (expecialy on wet ground).. Dude i dont wanna see you crash with this car.... It is a Beautiful one but dangerous. Props anyway on buying it, but sell it ... lel

Obviously not gong to sell the car because of one opinion. I don't know where you got your information, but maybe the person who experienced that had bad tires or a bad suspension setup? Anyway, putting on fresh Michelins on this machine next week. It already has the M-suspension. Thx for the concern.
full member
Activity: 1386
Merit: 132
Precision Beats Power and Timing Beats Speed.
Damn dude, dont Push the BMW 1 Series too far. It really is a Dangerous car, whenever you go above 150kmph think about that your back end is gonna go wild at that speed (expecialy on wet ground).. Dude i dont wanna see you crash with this car.... It is a Beautiful one but dangerous. Props anyway on buying it, but sell it ... lel
sr. member
Activity: 719
Merit: 388
Again no fuel on BTC... Maybe we should wait till 14th april to break (up?) properly with the Coinbase's IPO.
sr. member
Activity: 616
Merit: 292
I don't know where I'm going, but I'm going.
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!



Nice Congrats  Grin Grin Grin
Bought me a new candy also  Cool



GR Yaris? Nice, how is it? I've heard they're fucking rockets! Nearly bought one but just didn't; waiting on the 400Z

Nice.  I am getting 2 sheds to replace the 28 year old 1 shed I have. I will be losing 96 sq ft of space and gaining 112+ 112 = 224 square feet of space




Nice, how much is it? (just the building).
legendary
Activity: 1235
Merit: 1202
Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!


Nice Congrats  Grin Grin Grin
Bought me a new candy also  Cool



GR Yaris? Nice, how is it? I've heard they're fucking rockets! Nearly bought one but just didn't; waiting on the 400Z

Si  Grin Cheesy Wink
Well, the GR Yaris HIGH PERFORMANCE reminds me of a car i always wanted to drive in my active racing days. To keep it short, it is the base for a rally car, not a track car, so keep that in mid before thinking about a purchase.

Secondly, on a twisty mountain road it is superior, thanks to the VERY good mechanics in the suspension, steering, weight distribution and drive train WITHOUT any electronically assisted systems, so the base is very healthy. Especially the brakes are -compared to other cars in the same niche- marvellous. Didn't have any outage though giving them hard times on mountain roads  Grin Cheesy Wink
Friend of mine has a braked 400hp EVO VII and after he couldn't catch up on our living room stage (some 16k's up to the italian boarder) he was smiling and angry at the same time (hence tight corners can be easily handbraked without the need to push the clutch)  Grin Grin Grin
Before you ask, yes i was on the dyno last friday and had 263,2hp@6515rpm with 392,8N-m@3966rpm. In my opinion the best range is between 3000 and 5500rpm, so you have best momentum  Smiley
On 01.05 i will be on the race track to see how it does there, probably pissing off some Porsches  Shocked
The two thing, that are annoying, is the seating position hence i am 190cm+, so that is a bit a pain in the ass, but i already have an appointment with my upholsterer to lower the seating staying legal. The second thing is the pedal position, to wide appart, so to double-clutch i have to do that with the heels and not with the rist or toes  Roll Eyes
I wouldn't call it a rocket with the power it has, in my opinion the gear ratio is to long, so could be a bit more shorter -although i reached 206km/h GPS on a bumpy and cornered mountain road- to have a better acceleration out of corners, but overall on the motorway i already earned some thumbs up with this "little" hot hatch  Wink

Overall, very good car in the base, for a sporty drive enough power, momentum and very good mechanics. If you want to go racing, you have to do a lot for making the driving accurate (seating position, pedals, steering and shifting) but for the money you need to spend, it is a bargain offer  Grin Grin Grin

What are you going to do with your 400Z

Yeah it definitely seems a fun car, especially if you keep it on the boil in the twisties. As for what I'll do to the 400Z, probably not a lot. Just light mods, nothing crazy as the wife will drive it too and it will likely be our daily driver. I've already got a stupidly modified GTR for going fast around a race track. That's not to say that the 400Z won't see a few laps in its time either haha

Nice  Cheesy Wink Smiley
Well i argumented the Yaris with the ISO-FIX for the baby seat, so she is afraid of driving the Yaris, but she likes it, so my house hold is lucky  Grin Grin Grin
GTR, nice  Tongue Which model do you have  Roll Eyes I suppose you have modified it quite heavily if you are on the track with it --> pics and specs  Cool Grin Grin Grin

It's an R33 GTR, I'd post pics but I have none on this PC. As for mods, easier to list what I haven't done but basically head work, cams, turbos, injectors, ECU, upgraded gearset in gearbox, clutch, brakes, running E85 fuel, the list goes on. Makes about 400awkw and goes like a shower of shit haha
full member
Activity: 1179
Merit: 210
only hodl what you understand and love!
Bought a new car today, not quite a Lambo, Bugatti or Tesla, but very happy with it. Drives like a kart. 2 Litre petrol from 2008. Thank you BTC!


Nice Congrats  Grin Grin Grin
Bought me a new candy also  Cool



GR Yaris? Nice, how is it? I've heard they're fucking rockets! Nearly bought one but just didn't; waiting on the 400Z

Si  Grin Cheesy Wink
Well, the GR Yaris HIGH PERFORMANCE reminds me of a car i always wanted to drive in my active racing days. To keep it short, it is the base for a rally car, not a track car, so keep that in mid before thinking about a purchase.

Secondly, on a twisty mountain road it is superior, thanks to the VERY good mechanics in the suspension, steering, weight distribution and drive train WITHOUT any electronically assisted systems, so the base is very healthy. Especially the brakes are -compared to other cars in the same niche- marvellous. Didn't have any outage though giving them hard times on mountain roads  Grin Cheesy Wink
Friend of mine has a braked 400hp EVO VII and after he couldn't catch up on our living room stage (some 16k's up to the italian boarder) he was smiling and angry at the same time (hence tight corners can be easily handbraked without the need to push the clutch)  Grin Grin Grin
Before you ask, yes i was on the dyno last friday and had 263,2hp@6515rpm with 392,8N-m@3966rpm. In my opinion the best range is between 3000 and 5500rpm, so you have best momentum  Smiley
On 01.05 i will be on the race track to see how it does there, probably pissing off some Porsches  Shocked
The two thing, that are annoying, is the seating position hence i am 190cm+, so that is a bit a pain in the ass, but i already have an appointment with my upholsterer to lower the seating staying legal. The second thing is the pedal position, to wide appart, so to double-clutch i have to do that with the heels and not with the rist or toes  Roll Eyes
I wouldn't call it a rocket with the power it has, in my opinion the gear ratio is to long, so could be a bit more shorter -although i reached 206km/h GPS on a bumpy and cornered mountain road- to have a better acceleration out of corners, but overall on the motorway i already earned some thumbs up with this "little" hot hatch  Wink

Overall, very good car in the base, for a sporty drive enough power, momentum and very good mechanics. If you want to go racing, you have to do a lot for making the driving accurate (seating position, pedals, steering and shifting) but for the money you need to spend, it is a bargain offer  Grin Grin Grin

What are you going to do with your 400Z

Yeah it definitely seems a fun car, especially if you keep it on the boil in the twisties. As for what I'll do to the 400Z, probably not a lot. Just light mods, nothing crazy as the wife will drive it too and it will likely be our daily driver. I've already got a stupidly modified GTR for going fast around a race track. That's not to say that the 400Z won't see a few laps in its time either haha

Nice  Cheesy Wink Smiley
Well i argumented the Yaris with the ISO-FIX for the baby seat, so she is afraid of driving the Yaris, but she likes it, so my house hold is lucky  Grin Grin Grin
GTR, nice  Tongue Which model do you have  Roll Eyes I suppose you have modified it quite heavily if you are on the track with it --> pics and specs  Cool Grin Grin Grin
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