Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5928. (Read 26714892 times)

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
In order for banks not to lose relevance, they will have to adapt to Bitcoin sooner or later. I believe that in the next few years it will be quite normal to have a fiat and a bitcoin account at your bank.

Would you trust your bank with your bitcoin to earn interest?

bit of a sorta related aside here

the branch manager at the bank i set an account for gemini up with was surprisingly knowledgeable about bitcoin. we discussed coinbase and gemini (she had to make sure i wasnt being scammed into signing up for gemini for sending coin for promises or out of the country and such). i got the impression she was a bitcoiner herself although i didnt ask of course.

now thats different than holding coin as you mention but still it was a nice surprise that she was all on board with setting the account up. telling her it was mainly going to be an offramp from gemini to fiat in her bank probably didnt hurt.

banks are slowly getting the message methinks. or at least some of the employees are anyway.

You likely realize that lower downs (meaning people who actually deal with the public) are likely not even in touch with what higher ups might end up doing after they have gathered the information and with the passage of time their considerations may change and sure it might help or hurt to say what you are actually doing and your intentions.  Sometimes, they would give more latitude with longer accounts and if you have cashflow coming in on a regular basis versus if the account might only be used for cashing in or out of bitcoin.. I don't claim to know except that you have even acknowledged that there could be some evolutions and even raised consciousness, but I would hardly consider those kinds of seeming raised consciousness of some of the banking folks to be set in stone, either.. in terms of evolving towards more and more positiveness and acceptance of Bitcoin (and face it other crypto that may well distract them from clear-thinkenings, too).
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
BTW why do the U.S. Republican Party use the color red?  Grin

Because in the 2000 election, left-wing media didn't want the democrats associated with the color of communism. Before that, colors were assigned pretty arbitrarily.

it was a smart move of the Socialists/Communists to choose Red so early.  Grin
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
Our planet has seen no less than 4 or 5 ice ages. It will come again. They say the climate change will make everything melt too. Better be prepared to live at both extremes. I would personally find it nicer to live in a colder country as most homes can be easily insulated and heated.

Yeah, but shoveling the driveway and getting snowed in has a very limited entertainment value.


Snowblower on your tractor and a warm fireplace insert makes this a lovely weekend.

It can be very nice, I agree, but you get tired of that real quick, take my word for it.



Even with a snow cab?Huh?

With enough money, any place can be comfortable. As someone who's lived in the upper midwest for most of his life, I'd prefer a warm climate.

There's a rough correlation between year-round good climate and longevity. The older I get, the more I realize the value of being able to hike or just go for a nice walk/bike ride on any given month of the year.

Yeah, that's kind of my point too, Your home can be very comfy, but you will have to go outside and dig out the thrash can for collection day, and you have to drive slow on snowy slippery roads and getting the ice of your windshield and freezing your ass of filling gas and...


Edit: I really suck at quoting today.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
Our planet has seen no less than 4 or 5 ice ages. It will come again. They say the climate change will make everything melt too. Better be prepared to live at both extremes. I would personally find it nicer to live in a colder country as most homes can be easily insulated and heated.

Yeah, but shoveling the driveway and getting snowed in has a very limited entertainment value.


Snowblower on your tractor and a warm fireplace insert makes this a lovely weekend.

It can be very nice, I agree, but you get tired of that real quick, take my word for it.


Even with a snow cab?Huh?



Couldn't say, don't know what a snow cab is.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
BTW why do the U.S. Republican Party use the color red?  Grin

Because in the 2000 election, left-wing media didn't want the democrats associated with the color of communism. Before that, colors were assigned pretty arbitrarily.
legendary
Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Only 350 € to Euro-ATH (Kraken).

Come on, Bitcoin, you can do it.

the brainer will be $58354 on Stamp.

and the EUR 50k mark.
legendary
Activity: 3990
Merit: 4597
if someone (he) calls himself a bunny and shows a female face as their avatar, that's just not nice as far as gender identity signaling is concerned, but, whatever, Jayjuangee could be a female too, for all I know.
However, I found a reason for my thinking about bunnies and females (apart from that english link):
https://en.wikipedia.org/wiki/Playboy_Bunny

Playboy bunnies got stuck in my head...that's why. Those bunnies were not men for sure.
However, I would henceforth refer to @JJG as 'she' to balance the equation...The "lady" doth protest too much, methinks.

I will henceforth refer to Biodom as stalled.

 Tongue Tongue Tongue


girl, please arrive at a point that has any significance.
legendary
Activity: 3794
Merit: 5474
12% yearly is pretty damned good for traditional investments (of course bitcoin beats that in almost any timeline of any kind of significant timespan of 4 years or more).

As I had said several times, my various traditional investments have averaged in the ballpark of 5.5% to 6% over 30 years or so, and so anything that might consistently be having returns greater than 6% would be good (even though some years I did have returns in the 20% to 30% arena, but they did end up averaging out to around 5.5% to 6%.


Ah...well, no, not really.

Let's see: 12% minus ~10% yearly real inflation = +2%. Not great, just ok.

And your trad investments? -4%/year after inflation. Terrible.

Tsk tsk, JJG.  Cheesy
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
Our planet has seen no less than 4 or 5 ice ages. It will come again. They say the climate change will make everything melt too. Better be prepared to live at both extremes. I would personally find it nicer to live in a colder country as most homes can be easily insulated and heated.

Yeah, but shoveling the driveway and getting snowed in has a very limited entertainment value.


Snowblower on your tractor and a warm fireplace insert makes this a lovely weekend.

It can be very nice, I agree, but you get tired of that real quick, take my word for it.


Even with a snow cab?Huh?

With enough money, any place can be comfortable. As someone who's lived in the upper midwest for most of his life, I'd prefer a warm climate.

There's a rough correlation between year-round good climate and longevity. The older I get, the more I realize the value of being able to hike or just go for a nice walk/bike ride on any given month of the year.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Only 350 € to Euro-ATH (Kraken).

Come on, Bitcoin, you can do it.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

One curveball I'll throw out is that due to the pandemic people are fleeing the big cities leaving apartments and condos at extremely low prices. Just from an investment standpoint it may be wise to buy something downtown New York in the heart of tyranny. Maybe after Cuomo is thrown in jail he'll be replaced by someone slightly less bad and after a year with no more plandemic lockdowns the prices will go up as people realise that they miss being able to walk to the theater.

Even if Cuomo is ejected, there's still the matter of de Blasio.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
Our planet has seen no less than 4 or 5 ice ages. It will come again. They say the climate change will make everything melt too. Better be prepared to live at both extremes. I would personally find it nicer to live in a colder country as most homes can be easily insulated and heated.

Yeah, but shoveling the driveway and getting snowed in has a very limited entertainment value.


Snowblower on your tractor and a warm fireplace insert makes this a lovely weekend.

It can be very nice, I agree, but you get tired of that real quick, take my word for it.


Even with a snow cab?Huh?
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Miami has lots of stripclubs (or so I have heard).

You are a stalled girl.. haven't you gotten the memo?

bunnies are girls.

 Tongue Tongue Tongue

But then there are hurricanes.
 Undecided

At the moment with this Covid shite I'm getting bored with the reliance on the internet and not being able to do much else where I live.
Having said that, this last year has clearly demonstrated where growth will be and what we as humans will prioritise and can't do without.
Certainly Bitcoin and probably not more stripclubs.

focus ur lil selfie.. .

girls no thinkie 'bout stripclubs..!!!!!!    Angry Angry Angry Angry

if someone (he) calls himself a bunny and shows a female face as their avatar, that's just not nice as far as gender identity signaling is concerned, but, whatever, Jayjuangee could be a female too, for all I know.
However, I found a reason for my thinking about bunnies and females (apart from that english link):
https://en.wikipedia.org/wiki/Playboy_Bunny

Playboy bunnies got stuck in my head...that's why. Those bunnies were not men for sure.
However, I would henceforth refer to @JJG as 'she' to balance the equation...The "lady" doth protest too much, methinks.

I will henceforth refer to Biodom as stalled.

 Tongue Tongue Tongue

The forum is 'speculating'.  Smiley  ... R U a gurl?!?? Smiley  Roll Eyes  Roll Eyes

Oh lord, raise the MORF shields!!!!!!!!!!!!!!!

mIRC fangurls asking for your digits. Smiley  Roll Eyes  Roll Eyes

So how's your BTC shorting going today?  Grin  $27k soon?  Grin

Well... I did sold some today at 54,400$ that I brought from cold storage in a rush when I saw it going over 53K... But for now, I still keep placing orders. Tongue ... Not to be very bearish, but 41K is very possible if it happens in the next 7 days. And even 39K if it happens in the next 3 days. Smiley

But lower then that, Dunnooo man... 27K .... or lower.  Roll Eyes  Roll Eyes
That sounds like fairy tales. Buttttttttt....... Over 8-9 years of observing the price. I would not dismiss a 60% drop. Maybe flash crash at this point, because all sorts of sharks and raptors stand on a lookout for low hanging fruit. Tongue Tongue

Yeah... we really appreciate diptwats like you Save the RF.. Come out all bearish blah blah blah.. sold everything blah blah blah, price is going to $37k blah blah blah.. and when the price moves against your supposed story, then you make up some other shit to show that you did not get wreckt like you would have if you had followed your stupid-ass suggestion (not the first time that you switched stories), but if the price had moved in favor of your made-up story then you would have been telling us how retarded we had been for not having had sold like you did blah blah blah.  

I doubt anyone here really believes your bullshit..

Well... its not like I sold a lot. But I just took some profits on a 250x from where I bought.  Undecided  Roll Eyes  Roll Eyes  Grin  Cheesy  Cheesy

Of course, you did.   Roll Eyes Roll Eyes

*edit(): And I don't believe in 27K much anymore. Maybe 39K, but that only if it happens in the next 7 days, the window is closing for that as well... Also 41K in the next 14 days, after that the window closes for that as well. Smiley

Sooner or later you will be correct.  Just keep throwing out numbers.. I am sure one of them will hit, sooner or later.   Wink
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Updating the old graph... almost 1 year anniversary of the big crash...

Gold is heading back to 'normal' levels of $1600, while BTC is Off. The. Charts.



Wealth Manager: How is your Bitcoin thingy going then?
Me: Not bad. Do you remember when you asked me to buy $250 index-funds monthly and I said no?
WM: Yeah, I remember. I am sorry you didn't do that as we have a consolidated 12% yearly return.
Me: Yeah, you're right. I am sorry I don't know the exact figures of my btc yearly return as it is
Off. The. Charts.

 Grin

12% yearly is pretty damned good for traditional investments (of course bitcoin beats that in almost any timeline of any kind of significant timespan of 4 years or more).

As I had said several times, my various traditional investments have averaged in the ballpark of 5.5% to 6% over 30 years or so, and so anything that might consistently be having returns greater than 6% would be good (even though some years I did have returns in the 20% to 30% arena, but they did end up averaging out to around 5.5% to 6%.

Even though in 2013, my hope was that my bitcoin investment would largely at least match my traditional investment, and I did not give up on it, because largely it was in the red and even under performing my traditional investments for nearly 3 years (even though I kept putting money into BTC and bringing down my average buy price).  Of course, after those first 3 years (which would have been late 2016, we kind of know what ended up happening in terms of bitcoin barely crossing into $1,000 territory and crossing its previous ATH of $1,163 from late 2013... but you could thereafter average out the BTC returns for all of those years and really see quite good performance to largely get a tripling of the 2013 ATH (of around mid-$3ks) - which ended up being the floor for the bottom of the 2018 and even 2020 dip... and surely we can still have quite a bit of confidence now, that the floor is in and we have a decently long term investment in BTC that can be a bit difficult to measure exactly but it can be measured for sure... and maybe even too much to measure..

What if we use the $250 low of 2014/2015 to start to measure in late 2013, when I got started... (because even mid 2013 had $250 prices, even though I started buying much later, only got my average buy price into the $400s before having some hacking issues that ended up bringing my average buy prices into the $750s - even though I like to use $1k-ish as my average BTC buy price.. just for funzies).. .. So let's show the numbers of a 2x price trajectory.. that would be 100% per year returns.. and where would we be in terms of BTC price and are we behind that or ahead of such 2x trajectory?

Dec 1 of year             2x trajectory price           - actual approx price            ahead/behind 2x trajectory?        Actual year to year %                 Gross increase

 2013                  $250 (base price)                           $1,100                      -78% (starting in hole)                  start                                           start

 2014                  $500                                              $380                         -24%                                            -65%                                        52%

 2015                  $1,000                                           $380                         -62%                                             0%                                           52%

 2016                  $2,000                                           $750                          -62%                                             2x                                           300%

 2017                  $4,000                                           $10,000                      +2.5x                                           13.3x                                        40x

 2018                  $8,000                                           $4,100                        -49%                                             -59%                                       16.4x

 2019                  $16,000                                           $7,500                      -53%                                             1.83x                                       30x

 2020                  $32,000                                           $19,000                      -40%                                            2.53x                                       76x

 2021(now 1stqtr) $40,000(?)                                      $57,000                      42.5%                                           3x                                          228x

 2021                  $64,000                                           $?                                   ?%                                            ?%                                         ?x
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
There is fighting going on.


BTW why do the U.S. Republican Party use the color red?  Grin
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
OT: Me observing the second GME short squeeze/ bubble thingy...



Is that happening again?

Looks like it is over again (from $347 to $216 today).
There is something funny about this stock...lol.
I am so happy that wsb does not care about bitcoin.

Yeah, i was pretty stoked, too.
However, i bought the share(s) to hodl 4ever, and that's what i do.
Would have made over +$120 per share, but as i said, this thing is my contribution to the WSB "diamond hands" credo.
Jump to: