Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6394.

OutOfMemory

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Man who stares at charts (and stars, too...)

Quote from: AlcoHoDL on January 04, 2021, 04:57:13 PM

Quote from: OutOfMemory on January 04, 2021, 04:15:31 PM

Quote from: HairyMaclairy on January 04, 2021, 03:40:55 PM

Photography is awesome for when you get older or not suited to serious exercise. I know people in their mid 80s that take amazing landscape photos.

Also local wildlife photography can help advance science if you get the right niche for rare birds / critters in your area

My dad was heavily into photography. Landscape, supercars and these soft filtered 70's portraits. I grew into it, automatically.
Got my first Canon AE-1 from him at the age of 12, i also have two inherited lenses here, which i use occasionally. A Tamron push-pull zoom and a fixed focal length 24mm f2 lens. Both can't keep up with modern sensor resolutions too well, though.
Stepping into digital photography at 2 megapixels from 35mm film was awesome.
At the time you can shoot landscapes like this a lot:

I'm into photography too. This hobby can be expensive (esp. the lenses), but Bitcoin can take care of that. I kept postponing upgrading my aging equipment (Canon gear, but very old—body is a 20D, still works fine), but after my COVID-19 situation, there's going to be a serious reshuffling of my priority list. If/when this shit clears away, the first thing I'm going to do is buy a nice mirrorless body with a couple of good lenses. Below is one candidate (APS-C sensor, but I like the overall camera design), and also looking at the Sony Alpha mirrorless series (full-frame sensor).

FUJIFILM X-T4 Mirrorless Digital Camera

Enjoy it, it's an immensely rewarding experience.

The 20D is still a good cam, i had one too, it had pretty mild infrared-cut filters in front of the sensor, for nice long exposure within 1-4 secs for color-IR images.
Couldn't get under 20secs with the later D40 and 720nm filter, a nightmare. I bought a used Nikon D70 for compensating this caveat.
I have one mirrorless (two-thirds) body, an EOS-M converted for color-infrared photography. I can adapt all my EF/EF-s lenses to it and it allows to shoot much faster shutter times, sometimes too fast for that mellow IR look.
However, from my experience with this body, i can only urge to buy a mirrorless body which is BIG enough, like a standard DSLR. The EOS-M and most mirrorless bodies are too small to be held comfortably for longer times, especially with the heavier types of lenses mounted.

EDIT: The EOS-M is an APS-C, not MFT, sorry.

Torque

legendary

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Quote from: Torque on January 04, 2021, 11:44:32 AM

I agree with everything except the "stonks will correct heavily soon" part. They are indeed massively overvalued, but the Fed will keep money printer go brrr on the downlow every year from this point forward, sending stonks even higher. And at the end of every business cycle (7-9 years), they'll use whatever downturn "event" as cover to push trillions of $$$ through, giving Wall Street another massive injection. Next time it won't be just a few trillion though, it'll be more like $10-15 Trillion.

The melt-up will continue for at least another decade, maybe two. Rates will go negative in the U.S. and everywhere else.

Eventually the Fed and the Treasury will merge into one entity, and the nationalization (er, globalization) of the dollar printing machine will be complete.

Just to add to this, The Fed Reserve Bank of Chicago Charles Evans came out today and basically said that [paraphrasing] the Fed is "on track to make at least another $4.6 Trillion in asset purchases by 2023."

Fucking hell, they're not even on the DL anymore. In plain sight robbery.

#BuyBitcoinLikeUrLifeDependsOnIt

AlcoHoDL

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Addicted to HoDLing!

Quote from: OutOfMemory on January 04, 2021, 04:15:31 PM

Quote from: HairyMaclairy on January 04, 2021, 03:40:55 PM

Photography is awesome for when you get older or not suited to serious exercise. I know people in their mid 80s that take amazing landscape photos.

Also local wildlife photography can help advance science if you get the right niche for rare birds / critters in your area

My dad was heavily into photography. Landscape, supercars and these soft filtered 70's portraits. I grew into it, automatically.
Got my first Canon AE-1 from him at the age of 12, i also have two inherited lenses here, which i use occasionally. A Tamron push-pull zoom and a fixed focal length 24mm f2 lens. Both can't keep up with modern sensor resolutions too well, though.
Stepping into digital photography at 2 megapixels from 35mm film was awesome.
At the time you can shoot landscapes like this a lot:

I'm into photography too. This hobby can be expensive (esp. the lenses), but Bitcoin can take care of that. I kept postponing upgrading my aging equipment (Canon gear, but very old—body is a 20D, still works fine), but after my COVID-19 situation, there's going to be a serious reshuffling of my priority list. If/when this shit clears away, the first thing I'm going to do is buy a nice mirrorless body with a couple of good lenses. Below is one candidate (APS-C sensor, but I like the overall camera design), and also looking at the Sony Alpha mirrorless series (full-frame sensor).

FUJIFILM X-T4 Mirrorless Digital Camera

Enjoy it, it's an immensely rewarding experience.

Cryptotourist

hero member

Activity: 1204

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Homo Sapiens Bitcoinerthalensis

Quote from: CookieFactory on January 04, 2021, 01:04:14 PM

I'm strongly considering quitting my job, and doing something, anything else while living off crypto for the foreseeable future. This is the first day of work after a 2 week break, and instead of being "refreshed" and ready to work, all I can think is the break wasn't nearly long enough. Despite finding the work deeply unfulfilling, my job is stable and pays pretty well (a quick Google search says I'm in the top 97% within my state).

Probably the biggest thing holding me back is losing the structure that comes with the daily grind. I'm not completely confident I have the necessary self-discipline to create my own structure over the long-term, and while there are a lot of things I want to do (contribute to open source crypto software, write a novel, go back to school, etc), there's the non-zero chance I end up wandering aimlessly without purpose until wasting away.

Has anyone else gone through this or a similar thought process? This might be the only place (that I know of) with people who could relate.

You got to let go.
As a wise man once said, you have to create the empty space, to accept new things in your life.
The transition might get bumpy, but sure enough, you will find other points of interest. Actually things will find, you.

Also consider yourself lucky.
Most people don't have the luxury or the time to wonder what you just wondered, as they're too busy with surviving.
You on the other hand - you're just comfortable in your shackles.

Did you know that in Greek, working and being a slave is *exactly* the same (same root, different accent).
δoυλειά > job, task
δoυλεία > slavery
δoυλεύω > I'm working (aka being a slave) Roll Eyes

OutOfMemory

legendary

Activity: 1708

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Man who stares at charts (and stars, too...)

Quote from: True Myth on January 04, 2021, 04:18:08 PM

Made the most well timed and largest trade I've ever done yesterday and early this morning. Literally had a "gut feeling" so, I consulted magic 8 ball. I ended up selling a large chunk of BTC I held on an exchange at the price point of around $32k. Also sold all of (shitcoin that shall not be mentioned) that I've had for about 4 years now while it was at a price point of $1,100.

Woke up from a deep sleep, checked my phone, saw BTC below $29k, bought with all the fiat sitting on the exchange, went to bed... Increased my BTC holdings by 20% and finally cleaned my hands of shitcoins.

That's it boys... I'm retiring trading... can't beat that one if I tried... Grin

Hope everyone else made the best out of that fire sale.

Congrats. I had this gut feeling, too. I switched 10% of my btc holdings into two top5 marketcap shitcoins. When i woke up i checked the prices and saw them up roughly at 30% and 26%, wanted to sell but got caught in family business, managed to reverse the trades two hours later, still resulting in 11% gains.

Quote from: Biodom on January 04, 2021, 04:22:59 PM

reminds me of a sunset on Haleakala, Maui (US, Hawaii)

Never been there (yet). Fillippone may well know the mountains in the background Wink

marcus_of_augustus

legendary

Activity: 3920

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Eadem mutata resurgo

... this is an extremely radical view of the situation, normally you're not far off the money but guess we'll see how this plays out in the next 0-15 days ...

Quote from: Biodom on January 04, 2021, 01:43:57 AM

WARNING!

My market analysis shows that we are within 0-15 days of the downturn.

Before that we can go to anywhere between 34.5K and 128K (basically 1-4X)..1x obviously means that we turn tomorrow or even later in the night, but 4x and 128K is almost equally probable, IMHO. An arithmetic average between these two numbers is about 80K, which is slightly above my prior range of 50-70K medium top, but I thought that this local top would be only in March, but it is close to impossible now as the digital assets market where btc is not less than 69% weighting and much more if you remove stablecoins is completely feverish for an unknown reason.

It is not just bitcoin anymore. Everything is crazy, very similarly to Jan 2018.
To ignore the whole market behavior is not possible as it was wrong to ignore the Nasdaq behavior in 2000 when your favorite large cap was still outperforming.

Market is telling us that this will not continue for much longer, sorry that it was kind of short-lasting even if we will squeeze it up to 50-100K in the interim.
Bottom by the spring at 1/2 or even 1/3 if we peak at 100-120K, maybe a second run in the fall.

Biodom

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Activity: 3990

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Quote from: OutOfMemory on January 04, 2021, 04:15:31 PM

Quote from: HairyMaclairy on January 04, 2021, 03:40:55 PM

Photography is awesome for when you get older or not suited to serious exercise. I know people in their mid 80s that take amazing landscape photos.

Also local wildlife photography can help advance science if you get the right niche for rare birds / critters in your area

My dad was heavily into photography. Landscape, supercars and these soft filtered 70's portraits. I grew into it, automatically.
Got my first Canon AE-1 from him at the age of 12, i also have two inherited lenses here, which i use occasionally. A Tamron push-pull zoom and a fixed focal length 24mm f2 lens. Both can't keep up with modern sensor resolutions too well, though.
Stepping into digital photography at 2 megapixels from 35mm film was awesome.
At the time you can shoot landscapes like this a lot:

reminds me of a sunset on Haleakala, Maui (US, Hawaii)

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: True Myth on January 04, 2021, 04:18:08 PM

Hope everyone else made the best out of that fire sale.

Happy HODLing. Too old for that trading stuff (in Bitcoin; don't get me started on Alts Roll Eyes

)...

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: True Myth on January 04, 2021, 04:18:08 PM

Made the most well timed and largest trade I've ever done yesterday and early this morning. Literally had a "gut feeling" so, I consulted magic 8 ball. I ended up selling a large chunk of BTC I held on an exchange around $32k. Also sold all of (shitcoin that shall not be mentioned) that I've had for about 4 years now while it was at $1,100.

Woke up from a deep sleep, checked my phone, saw BTC below $29k, bought with all the fiat sitting on the exchange, went to bed... Increased my BTC holdings by 20% and finally cleaned my hands of shitcoins.

That's it boys... I'm retiring trading... can't beat that one if I tried... Grin

Hope everyone else made the best out of that fire sale.

that's a better wake up call than someone else, lol.

True Myth

full member

Activity: 324

Merit: 221

Made the most well timed and largest trade I've ever done yesterday and early this morning. Literally had a "gut feeling" so, I consulted magic 8 ball. I ended up selling a large chunk of BTC I held on an exchange at the price point of around $32k. Also sold all of (shitcoin that shall not be mentioned) that I've had for about 4 years now while it was at a price point of $1,100.

Woke up from a deep sleep, checked my phone, saw BTC below $29k, bought with all the fiat sitting on the exchange, went to bed... Increased my BTC holdings by 20% and finally cleaned my hands of shitcoins.

That's it boys... I'm retiring trading... can't beat that one if I tried... Grin

Hope everyone else made the best out of that fire sale.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: HairyMaclairy on January 04, 2021, 03:40:55 PM

Photography is awesome for when you get older or not suited to serious exercise. I know people in their mid 80s that take amazing landscape photos.

Also local wildlife photography can help advance science if you get the right niche for rare birds / critters in your area

My dad was heavily into photography. Landscape, supercars and these soft filtered 70's portraits. I grew into it, automatically.
Got my first Canon AE-1 from him at the age of 12, i also have two inherited lenses here, which i use occasionally. A Tamron push-pull zoom and a fixed focal length 24mm f2 lens. Both can't keep up with modern sensor resolutions too well, though.
Stepping into digital photography at 2 megapixels from 35mm film was awesome.
At the time you can shoot landscapes like this a lot:

Biodom

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Activity: 3990

Merit: 4597

Quote from: Dabs on January 04, 2021, 03:23:59 PM

I've been looking at corn related ETFs / ETNs, ... There are a few non-US ones, some in Canada, some in the UK, but almost anyone can get them subject to exchange rate between FX. No need to wait for Van Eck or others.

It would seem counter intuitive to do this when all of us here have the actual real corn, but it has it's purposes.

yes, I have GBTC, CXBTF and QBTC-U.TO, all in IRA (regular and Roth US accounts).
CXBTF is really difficult to trade now as, despite being given an OTC symbol, it is not trading in US due to SEC objection, you have to talk to foreign desk (and pay $50/trade), same for QBTC.

Quote from: BobLawblaw on January 04, 2021, 03:47:30 PM

just like that:

https://youtu.be/wzJv2dCJ2xk?t=84
watch (if you want) until 1:34

BobLawblaw

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Neighborhood Shenanigans Dispenser

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Photography is awesome for when you get older or not suited to serious exercise. I know people in their mid 80s that take amazing landscape photos.

Also local wildlife photography can help advance science if you get the right niche for rare birds / critters in your area

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Phil_S on January 04, 2021, 03:13:30 PM

Quote from: OutOfMemory on January 04, 2021, 01:27:38 PM

You have to be immune to people's talks, because not many can get along with somebody making a living of not working.

I already started to tell friends and relatives that soon I'll be working from home.

In reality, I'm thinking which hobbies I will try. The more the better, it's important to get busy.

What really has me is photography. You get up at 3am, just to reach that mountain top in time for a panoramic shot of all the alpine valleys within sight, covered by thick fog at a frosty ~~sundawn~~ sunset Cool

This kept me busy with a lot of travelling, learning how to edit DSLR raw files, planning location shoots... I extended my skills into product macro photography fields, but i kept it really low since my second kid was born. Now all of them are growing up slowly, so my extending amount of free time and better fitness will allow me to pick this up again. I poked my nose into drone photography some years ago, but then the regulations became shitty and expensive in my country, so i sold it all again.
Last year the EASA developed an EU-wide set of rules, including an online exam and flying tests to be allowed to fly drones of the OPEN class. So i learned some stuff, which was especially hard for me in the "legal and law" categories, so i had to cheat a little at the exam to pass it, because most of the other stuff i knew already.
If you happen to find a season-independent, go-out-and-play hobby like this, you should be set for decades.

Dabs

legendary

Activity: 3416

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The Concierge of Crypto

I've been looking at corn related ETFs / ETNs, ... There are a few non-US ones, some in Canada, some in the UK, but almost anyone can get them subject to exchange rate between FX. No need to wait for Van Eck or others.

It would seem counter intuitive to do this when all of us here have the actual real corn, but it has it's purposes.

Biodom

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Merit: 4597

Quote from: Dabs on January 04, 2021, 03:15:44 PM

Quote from: Biodom on January 04, 2021, 02:41:04 PM

Quote from: Dabs on January 04, 2021, 02:11:41 PM

You could keep your job too and just not accept any further promotions or responsibilities, or maybe work even less hours. I think it's a good idea to keep your employment as it makes you look "normal" together with the rest of the people. You work, get paid, pay taxes. Your corns can be kept separate (whether you pay taxes on those or not is really up to you and how comfortable you are with all of it, maybe take time to study this area too.)

While working, you can probably add to your retirement fund, whatever it is called, 401k for those in the US, "super funds" for those down under, plus whatever social security / social insurance you get from the government, if you intend on claiming those.

^ This (highlighted is my plan as well).

EDIT: if corn exceeds 90% of your assets, maybe consider selling some, but when selling don't keep all in fiat, buy some less correlated assets: real estate (direct, no REITs), wine, collectables, timber, maybe some cheap emerging markets ETF. I was looking at some stonks-you can create quite diversified ETF portfolio (10-15 ETFs in different sectors) with >5% average annual yield.

I'd probably get the REITs, or REIT ETFs. Also some high yield ETFs, maybe some of those so called dividend aristocrat ones. I'd also lean towards either S&P or even a total stock market ETF. My preference is Vanguard.

yes, I looked at highlighted, but not only at those.
A contrarian in me wants to be a contrarian, lol.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Quote from: Biodom on January 04, 2021, 02:41:04 PM

Quote from: Dabs on January 04, 2021, 02:11:41 PM

You could keep your job too and just not accept any further promotions or responsibilities, or maybe work even less hours. I think it's a good idea to keep your employment as it makes you look "normal" together with the rest of the people. You work, get paid, pay taxes. Your corns can be kept separate (whether you pay taxes on those or not is really up to you and how comfortable you are with all of it, maybe take time to study this area too.)

While working, you can probably add to your retirement fund, whatever it is called, 401k for those in the US, "super funds" for those down under, plus whatever social security / social insurance you get from the government, if you intend on claiming those.

^ This (highlighted is my plan as well).

EDIT: if corn exceeds 90% of your assets, maybe consider selling some, but when selling don't keep all in fiat, buy some less correlated assets: real estate (direct, no REITs), wine, collectables, timber, maybe some cheap emerging markets ETF. I was looking at some stonks-you can create quite diversified ETF portfolio (10-15 ETFs in different sectors) with >5% average annual yield.

I'd probably get the REITs, or REIT ETFs. Also some high yield ETFs, maybe some of those so called dividend aristocrat ones. I'd also lean towards either S&P or even a total stock market ETF. My preference is Vanguard.

The so called "coach potato" style involves just 3, or even 2 ETFs. You balance it out between equities and bonds. Since you're at it, you might as well get some corn related ETFs / ETNs / GBTC even as that sounds counter to actually owning the actual corn in your own wallet.

AlcoHoDL

legendary

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Addicted to HoDLing!

Quote from: BobLawblaw on January 04, 2021, 03:09:34 PM

Quote from: AlcoHoDL on January 04, 2021, 02:01:15 PM

I have the diarrhea unfortunately. Sad

Apologies in advance for the low-tier pun of you suffering through a shitty deal.

Sincere hopes you start feeling better imminently, and bounce back from this at full strength.

Thanks Bob, I hope so...

Phil_S

legendary

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We choose to go to the moon

Quote from: OutOfMemory on January 04, 2021, 01:27:38 PM

You have to be immune to people's talks, because not many can get along with somebody making a living of not working.

I already started to tell friends and relatives that soon I'll be working from home.

In reality, I'm thinking which hobbies I will try. The more the better, it's important to get busy.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6394. (Read 26706974 times)