Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5708. (Read 26609909 times)

Is this another move to touch $60k?

EDIT: pops up the 90btc wall on stamp at $60k with low volume pump... 

It was destined to stuck, because ship’s name was “Ever Given” but they choose to wrote on the ship in huge block letters “EVERGREEN” instead.

Any way here’s is some good explanation to overall drama...
https://youtu.be/1S3Ca9v6pyo

I think the BTC price is about to pamp in the next few days.

It's like a penis and ballsack that have been edged for days ready to explode.

Alts can only go up for so long till half/most of that money will flow back into BTC as we have seen constantly.

I suspect much of these alt increases are caused by traders trying to increase their BTC stacks by riding "the clever" trade waves.
Those entering those trades late (as 20-40% increases look appealing right?) will lose out big time.

HODL.

Here’s the link to the original post
https://bitcointalksearch.org/topic/bitcoin-the-global-money-3742

It’s interesting to read since it’s from 2011 and in 10 years Bitcoin is already being traded all over the world. But Bitcoin is not going to replace any country’s economy for sure. Bitcoin is a store of value not a type of cash to replace daily transactions like if you buy a coffee you wont be using Bitcoin. That’s why I read many people here on WO said buying a Tesla with Bitcoin today would be same as buying pizza with Bitcoins. When you use Bitcoin to buy Tesla in reality it’s Elon Musk who’s buying Bitcoin with Tesla.

Eh, what was all the drama about that ship blocking the suez canal anyway? Can't be arsed to look it up.

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Retirement is much better when you saved a lot of money for it 

The hopefully last corrective lil dip before leaving $60k behind?
Regardless, short time support is moving upwards in an almost linear manner for weeks now, it should be crossing $60k somewhere bewteen Apr 5th and 6th.
Easter weekend. Have a nice one!

Amazing story.... that’s in fact a guide for everyone if you don’t want to retire poor

1. Sold enough
2. diversified
3. buy the dip
4. HODLing

You can repeat above 4 steps as per you need and demands. Got some extra cash go ahead and buy again. Need some urgent money it’s ok to sale some and take the profit.

That's a big part of it.

Retirement isn't sitting around doing nothing. Its having the time to do what you want and not having anyone telling you what to do.

I don't play music to pay the bills anymore. I play music to have fun.

Love Neil Young, Jimbo. I have a 1974 Japanese Les Paul (one of the Lawsuit Guitars) set up pretty much like Neil's 'Old Black'. I also have real Les Pauls, but I love Blackie. Mine doesn't have the Bigsby tailpiece, but it has some other unique things.

I showed it to Joe Bonamassa, he signed the pickguard and pronounced it "cool shit". I was hoping he would make an offer.

I'm pseudo-retired and never been busier. I think for a lot of people, they are their job and when that's gone, so are they. I could do with another 5 hours in the day for all the things I want to do.

Atomic cleavage

I would think the eight positive quarter wish is possible in this run.

I think this run will be long and slow due to the covid 19 money printing combined with the chip shortage.

Both are world wide issues. It may simply lower the rate of gain to the elusive top and at the same time lenghten the time it takes to top out. So why not have an eight quarter or two year run.
We could do it as for the odds I have no  idea.

It's only a little more than four years, unless you are really old or sick you will probably make it.

Congratulations!!

Would be interesting, but what are the odds of 8 quarters of positive?  Odds could not be very high, right?


Interesting sigg.. I think a lot of folks would be interested in some of your details, such as whether you have some kind of medical contingency, which seems to be a pretty big hesitancy of many people.  Also, have you projected your income (the part that you live off) to maintain you at pretty much the same level or do you have various stages that you expect to make readjustments based on what you believe to be changes to your future ability to assure income at certain levels - of course accounting for bitcoin volatility and inflation which some of those might not be completely known - even though ballpark estimates can be made.


Gosh.  One thing is having other investments, but another thing would be going into active involvement in some other businesses (that is framed as an investment), even buying houses to rent can sometimes end up causing a lot of work rather than just a stream of passive income.  So one of the questions with having a bitcoin investment does involve considering what other investments a person might have and which ones might be drawn upon first for income, or can a person pull the fuck you lever and then already be assured that the bitcoin investment amount is enough to maintain the standard of living accounting for inflation etc and likely inevitable bitcoin volatility.

I "retired" (i.e. stopped being an employee) in my 20s.

It's indeed all about doing what you like.

The stress of disrupting your lifelong routine is what kills people. Get that crap over with while you're still young.

I am trying to consider situations in which a person might not want to look at charts for a very long time, especially with such a volatile asset such as bitcoin.

Maybe someone who invested quite a bit and felt that he had a decently stake in bitcoin but he was largely in the red - so average price per BTC was supra $10k or supra $13k or some other situation that just seemed that waiting it out was the best move - including NOT feeling much, if any inclination to continue to invest in king daddy.

Sure there could be some other scenarios like that.. and another one might be to just have a modest amount in BTC and just hoping that the price goes up to such a high level that the amount matters.

I do have troubles with those kinds of scenarios, unless of course, a person may have a variation of the above scenarios in which s/he is having cashflow issues or even debt issues, so really feels that s/he cannot be investing into bitcoin until taking care of cashflow or debt issues.

What other variations might there be to NOT be looking at your bitcoin portfolio for long periods of time?

I understand implied (or maybe even stated directly?) in your answer, Kylapoiss is that there are some other things / activities that might be more important than bitcoin.. maybe a college student?  or maybe a person who is new in his/her career wanting to create a good impression?

I had a period between about 2009 and 2013 in which I am not even sure if I could have been ready to see or understand bitcoin, even if I had been introduced to it - and so maybe part of the competing question of facts would be how much any person might have gotten to know bitcoin by the time they got involved in other time/brain absorbing things?

@Jimbo is an exception.

Most older men I knew did not last more than 10 years after retirement.
Of course, if you manage a ranch or a complex investment portfolio, it could be a different story.
Rolling Stones never retired (Keith and Mic are both 77). Not for the lack of funds, right?
Same for Paul. They do what they like-that is probably a solution.

For the regular schmucks: the question is what you are going to do-twiddle your thumbs at the beach of Turks and Caicos?
I know that most here are for straight and narrow (btc), but even just bitcoin with sidechains, ETFs, ETNs, futures, options, is getting very complex.
Still, people are always talking here about buy/sell as if it is the only thing available.
At some point-get a f-g advisor, maybe, and at least employ some legal tax-reducing strategy (yes, it would probably involve some borrowing against a part of your stash).

As a celebration you should send a transaction from that first wallet with an embedded "retired" and link it here for a merit dump.