Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 594. (Read 26735436 times)

the four peat has been fucked  buddy

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

I tend to think about spend and replace in more manageable levels, and so any kind of spends that you do really would not even have to be anything very memorable or big, since it seems that the BIGGER the spend, then potentially the more difficult to replace... unless you already have a few thousand dollars that you have in your bank account and then you spend that few thousand using bitcoin (since you found a place that accepts bitcoin for your hotel or flight or food or something like that), and so then you plan your spend and replace accordingly.

Surely there can be some times in which you might spend, and you feel a bit of luxury in the timeline of your replacing those BTC, yet I surely found that with my earliest of spend and replace circumstances, I ended up being a lot more nervous about not pushing my luck, since I wanted to make sure that I was able to buy back as many BTC as I had sold and also to over any transaction fees that might have had been involved in the transaction.. perhaps even getting a little bit of a bonus amount of BTC for the same amount, even though in my earliest spending situations, I tried not to be greedy in terms of making sure that I covered all of my costs and then locking in the buy back.

I did have some situations that I sold and then the BTC price moved against me (where the BTC price goes up rather than down), so that can happen as well..

Edit (about 3 hours after my original response):  I went back and looked at the contents of your links again, and the first time, I had not really noticed how a coiner would be spending his bitcoin, and if you were suggesting going on a trip to such Island and if you might be able to use bitcoin for the trip then that is one thing, and then on second glance, I recognized that the Bit Coin bar is playing off the Bitcoin name, but there is nothing really too bitcoin about the bar or even that bitcoin would be accepted.. They accept 10 dollars for a boat ride out there.. so maybe wanting to get into a boating accident could be a bitcoin-related thing, and then from one of the reviews, it appears that they give you 6 Bit Coins (plastic ones and not real ones according to the review), and each Bit Coin could potentially buy you 1 drink, which truly would not be a bad deal, presuming someone takes you back to shore at some point rather than leaving you out there or having to swim back to shore, yet I am still puzzled about where actually verified bitcoin might come into play within such a trip and/or experience beyond the mere play on the word with the use of Bit Coin in the name of the bar?

I can only hope you are talking on behalf of proudhon

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Do I get that right, you plan to spend BTC for something just for the sake of spending BTC and plan to later buy it back?

Can't follow this line of thought to be honest. Spending BTC is not fun, it's always painful as you sold always too early. Buying BTC is the fun part.

Again (mis-)quoting JimboToronto with: "Buy if you can, sell if you have to."

These graphs clearly show that demand far exceeds supply. Over 400,000 bitcoins have been withdrawn in the last 6 months, which is 15%. In 1 month over 100,000, with 40,000 withdrawn from Kraken alone yesterday. In 4 months, Kraken's reserves are down by nearly 40%. Mathematically, what is happening now is impossible - bitcoins are running out and the price is going down. This proves only one thing - that there is invisible manipulation. Nothing new, it was the same in 2020 when bitmex played against their customers. One day their bosses were arrested. The next day those nasty barts stopped, if you recall. It's the same now, I'm just not sure exactly which exchange is the cancer. It's clear that they are selling off non-existent bitcoins somewhere. The problem is that traders are influenced by the price of derivatives, even when they don't have the backing of owning bitcoins. So the culprit is most probably between bitmex, binance and bitfinex, and perhaps all of them. But I know from experience that somehow this problem will get resolved. At the very least, soon the bitcoins on kraken will dry up. Then coinbase, etc., and at some point the derivatives crooks will get screwed up badly by not being able to drive down the price with their paper bitcoins. And then there will be no one to stop the bull run.

(Click on the images for enlargement.)





P.S. There are some rumours that FTX will repay $16 billion cash to their customers. Whether it will be in USD or USD Tether, it remains to be seen. When exactly it will happen is not certain, although Q4 is still possible. One can only speculate how much will be invested in Bitcoin, and will it affect the price significantly.

@JJG have been thinking a bit about what you said about spending some btc, and replacing it. Looked into some memorable ways of spending my first btc, and came across an island(https://wikitravel.org/en/Big_Corn_Island) I think we all need to visit at some point, it even has a floating Bitcoin bar(https://www.tripadvisor.com/Attraction_Review-g612405-d24092796-Reviews-Bit_Coin_Island_Bar-Big_Corn_Island_Corn_Islands_Southern_Atlantic_Autonomous_Re.html)!

Has any one got some good/memorable suggestions for your first BTC purchase?

Will absolutely replace what I spend tho!

Fake moves, here and there
We know she don't give a f***
The dude stole my words




#haiku

Explanation
Chartbuddy thanks talkimg.com

Hmmm I don’t know… not anytime soon is just hard to say…
Not tomo yes I follow you… not in weeks or few months? Then I just say anything can happen.

Of course i want to see Bitcoin pump as fast and as high as possible so i can finally place my order at the Porsche dealer.

Unfortunately, it will not happen anytime soon.

No comment  

I will say this, interesting not much mention of it. (yet) Gee I wonder why? lol

---

In memory of all those lost on this day  (minute of silence)

Thanks.. I think that I have fixed it...

Explanation
Chartbuddy thanks talkimg.com