Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7933. (Read 26610762 times)

legendary
Activity: 938
Merit: 2540
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Well I may have lost my job here as well as access to my own computer.  My daughter took over my computer room, kicking me out until she was finished, and look what she made!  I'm impressed.

 

 avatar-sized

 


 I'm not a good teacher so this hat-making thing must be genetic.



These models are fantastic, the designer has her own style, this is good.

Congrats.

You will soon be relegated to the quality department. Cheesy
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.

It’s a good thing I have a couple of streams of income.

What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.

All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.

I thought Boris might have considered the introduction of a temporary Universal Basic Income, but that doesn't seem to have gained any traction. I always thought it could never happen in US but that $2k universal payout could be embryonic.

I think I could comfortably retire right now with those $2k/month (if tax free). But I guess that's like peanuts in the US and maybe even in the UK, isn't it?

Will they have any additional requirement like not having any other assets or previous savings? Or it is just "free money for all" as soon as you don't have a "working salary"?

I doubt anything like that would happen here... but we are living a in crazy world already, so who knows....


Does that mean that your BTC accumulation goal is less than $1million?

Remember $1million in BTC can generate about $3,333 per month in passive income, which surely you should be able to figure out how to get $2k out of that, even after taxes.. hahahahaha

Remember in a lot of my posts, I was assuming $2million in BTC, just to have a cushion, so maybe that is kind of an American centric viewpoint, but even in america, there is going to be a decent amount of regional variation so $6,667 per month of passive income will NOT cut it in all locations, unless you are more scrutinizing with your budget.

Anyhow, gosh, less than $1million as a BTC goal could be quite reachable in the coming year to 4 years, and with merely 10 BTC or so..  Of course, we have to be thinking about the BTC dips, not just the peaks, too, because who the fuck should be striving to take all of their money out of BTC and then get stuck with all of your assets in dollars and then your nestegg maybe end up getting deflated to peanuts.

No, I mean $2k a month, tax free, for my daily expenses... but I get to keep my current assets which also includes my BTC. I just say I would stop working for a salary if I had $2k/month guaranteed in addition to my current net worth.

Anyway, that's not going to happen. I guess I was just commenting on the absurdity of free money.

legendary
Activity: 1834
Merit: 4197
legendary
Activity: 938
Merit: 2540
<>


Quote
Difficulty still +7% YTD. Hashrate currently 100EH/s. Looks like 2012 & 2016 halving: no death spiral or miner capitulation.

https://twitter.com/100trillionUSD/status/1243133939616829441

All right.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
CVN-71 diverts to Gaum with an outbreak onboard
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.

It’s a good thing I have a couple of streams of income.

What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.

All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.

I thought Boris might have considered the introduction of a temporary Universal Basic Income, but that doesn't seem to have gained any traction. I always thought it could never happen in US but that $2k universal payout could be embryonic.

I think I could comfortably retire right now with those $2k/month (if tax free). But I guess that's like peanuts in the US and maybe even in the UK, isn't it?

Will they have any additional requirement like not having any other assets or previous savings? Or it is just "free money for all" as soon as you don't have a "working salary"?

I doubt anything like that would happen here... but we are living a in crazy world already, so who knows....


Does that mean that your BTC accumulation goal is less than $1million?

Remember $1million in BTC can generate about $3,333 per month in passive income, which surely you should be able to figure out how to get $2k out of that, even after taxes.. hahahahaha

Remember in a lot of my posts, I was assuming $2million in BTC, just to have a cushion, so maybe that is kind of an American centric viewpoint, but even in america, there is going to be a decent amount of regional variation so $6,667 per month of passive income will NOT cut it in all locations, unless you are more scrutinizing with your budget.

Anyhow, gosh, less than $1million as a BTC goal could be quite reachable in the coming year to 4 years, and with merely 10 BTC or so..  Of course, we have to be thinking about the BTC dips, not just the peaks, too, because who the fuck should be striving to take all of their money out of BTC and then get stuck with all of your assets in dollars and then your nestegg maybe end up getting deflated to peanuts.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
By the way, jbreher.., since I have you "on the line"....

It must have been some damned busy weeks for you since about early to mid March and thereafter keeping up with your buy/sell orders.  

Busy? Naaaah.

It takes about 12 seconds to place a contrasting order whenever a standing order is hit. So, should volatility take us five notches in a day, I've spent an entire minute on ladder maintenance.

I don't know if I should believe you, or not.  Of course, I believe you in the sense that I believe that you are actually doing it, and that you are making profits, but in terms of the level of your efficiency.. i have my skepticism.

Sure, you might be a robot in terms of your resetting of your orders, and maybe you have various parameters that either you do not need to tweak or that such tweaking is also somewhat systematic (thus requiring little to no thought).


And made a big chunka change in the process.

#me too


Takes me well over that to read even the briefest of your posts, wordyman. I guess it's you keeping me busy. Smiley

hahahahaha

touché

Have to give you a bit of credit for slipping that lil dig in there.


Remember, boys and girls - with the right strategy, volatility can be your friend.

gotta "ditto head" you on that one.


Edit: in all fairness, each time a rung is hit, I ping the progeny - about half of which are employing an identical strategy (albeit with a proportionally lower amount of BTC on each rung), so that adds another few seconds.

Hey.. I am quite glad that you are teaching your system to others in RL.  I have tried some teaching in RL, but it is quite difficult to keep compliance, and I surely am not any kind of authoritarian in real life, so I will explain matters to someone who seems willing to learn, but so many times, I have seen the someones to be way smarter than me, and they want to employ their own "smarter than JJG variation" which frequently ends up in variations of a mindrust situation at one point or another... .and I try to say "I told you so... I told you so." in a way that gets them to learn for themselves but to implement ideas that improve on mine rather than making dumbass mistakes that devolve into too much gambling which I try to warn against on an ongoing basis. 

Even though I might seem somewhat disgruntled about dealing with peeps in RL tending to NOT follow my system even when I engage in what seems to be a decent amount of hand-holding from my perspective, I still don't mind showing RL peeps from time to time, when the topic comes up and when I already anticipate that they are going to deviate in kinds of expected overly gambling-like ways.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
Quote
All the crudest weapons of despotism, the curfew, the presumption of guilt and the power of arbitrary arrest, are taking shape in the midst of what used to be a free country. And we, who like to boast of how calm we are in a crisis, seem to despise our ancient hard-bought freedom and actually want to rush into the warm, firm arms of Big Brother.

Quote
They say this is temporary. They always do.
legendary
Activity: 3512
Merit: 4557
Coronavirus Cases: 535,588. Deaths: 24,103. Recovered: 127,217.  Affecting 199 countries and territories.

- U.S. overtakes China as the country with the highest number of confirmed cases. Next big wave of infections appeared headed for Louisiana.

- China will ban the entry of foreigners due to the international spread of coronavirus.

- China just sent 150,000 test kits to Prague and 80% of them didn't work.

- New York City hospitals report apocalyptic surge in cases.

- US weekly jobless claims soar to a record-breaking 3.28 million. Dow Jones up with 6%.

- Indonesia is urgently building new hospitals with the country's public health system at risk of being overwhelmed.

- Putin shuts down Moscow.

- Russia to ban flights into and out of the country.

- UAE orders overnight curfew.

- Lebanon extends lockdown by two weeks.

- U.S. egg prices hit record levels.

- Jerusalem's Church of the Holy Sepulchre, a site revered by Christians around the world, has been closed.

- Panic buying in Tokyo.

- Tens of millions face losing jobs in escalating coronavirus crisis.

- G20 leaders to inject $5 trillion into global economy.

- Food supply chains have been disrupted by the pandemic and empty supermarket shelves have become a symbol of the crisis.

- Shanghai orders all incoming travellers to undergo 14-day quarantine.

- Australia will quarantine all new arrivals for two weeks. Considers putting economy into 'hibernation'.

- Argentina declares six-month rent freeze.

- International shortage of protective equipment.

- Japan PM says lockdown of Tokyo would have severe impact on economy.

Starting to get deeply worried about the U.S, the entire East side is doomed. That epicentre in new York. Shocked
           
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I am in a state of a maximum confusion re next 2-3 mo, clearly bullish afterwards.

Thinking of adding, but when? gold is slightly on the downside.

Your guess is likely as good (if not better) than anyone else's, including yours truly...


hahahahahaha

Not that you are asking me.


Not that I am going to refrain from giving an opinion because of your failure/refusal to direct your question at me.... Wink Wink


In a few recent posts, I had already mentioned the action that I had taken earlier this week to deal with my perception of the current BTC price dynamics situation by tweaking my existing buy and sell orders a bit.

Largely what I did was shave off some of my already existing buy orders in order to spread out the dollars more which caused an ability to add more buy orders down at a lower price.  Hopefully, we do not go down there.

Also I increased my already existing sell orders by a small amount between $6,900-ish and $7,900-ish.

If I get any new (and unexpected) cash come in then I would just add it to my various already existing buy orders, and of course, if I feel that my buy orders are stacking up too much with excessive cash, then the buy orders that are closest to the existing price will either be increased or maybe add some new ones at higher prices, which could escalate into a market buy order (but surely, for me, not too likely any compelling need for any market buy order in these kinds of uncertain times).

By the way, my tweakenings have made me feel sssssooooooo much MOAR better, for my insurance for the downside - hoping that i do not need it (and hoping that BTC prices do not go below $5k ever, ever again (sorry for your loss mindrust)), and my BIGGEST risk on the upside would be if the BTC price shot straight up to $20k without any kind of meaningful retracement.. If such an unlikely shooting straight up scenario were to occur, the most I would be out would have been an additional 1% lower BTC stash than what I would have had before I had made the tweakenings - seems to me to be a very small price to pay for a BIG ASS peace of mind.
sr. member
Activity: 696
Merit: 439
Quote
Halving, 2012: Neat!

Halving, 2016: Let’s have a pizza party!

Halving, 2020: Let’s shut down the global economy, inject trillions of dollars into the money supply, rev up QE infinity, and direct deposit $1,200 in every American's checking account 3 weeks prior to block 630,000!

https://twitter.com/bitstein/status/1243154672103219200

legendary
Activity: 1834
Merit: 4197
Well I may have lost my job here as well as access to my own computer.  My daughter took over my computer room, kicking me out until she was finished, and look what she made!  I'm impressed.

 avatar-sized

 


 I'm not a good teacher so this hat-making thing must be genetic.

Difficult to take you, your daughter or anyone here seriously with the proliferation of that kind of art.

 Angry Angry Angry


sr. member
Activity: 696
Merit: 439
Thanks for the merits bob, getting closer to Hero!
legendary
Activity: 3808
Merit: 7912
Well I may have lost my job here as well as access to my own computer.  My daughter took over my computer room, kicking me out until she was finished, and look what she made!  I'm impressed.

 avatar-sized

 


 I'm not a good teacher so this hat-making thing must be genetic.

Difficult to take you, your daughter or anyone here seriously with the proliferation of that kind of art.

 Angry Angry Angry

 Don't worry, she knows better than to saturate the market.  We've been discussion the excessive printing of money these last few days... she gets it.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Well I may have lost my job here as well as access to my own computer.  My daughter took over my computer room, kicking me out until she was finished, and look what she made!  I'm impressed.

 avatar-sized

 


 I'm not a good teacher so this hat-making thing must be genetic.

Difficult to take you, your daughter or anyone here seriously with the proliferation of that kind of art.

 Angry Angry Angry
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Well, it does look like political pull *does* have a limit:

Cruise lines get nothing from the US bailout.

Good. The Fuckers can see if they can get a bailout from Liberia.

It makes sense. How were they expecting a bailout from US if they pay their taxes in other places? THAT would make no sense. In fact I don't even think the cruise lines were expecting anything... It's probably just a Trump argument to "show" how "tough" he is... Maybe next he will say there will be no airdrop for other countries citizens.
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
Well, it does look like political pull *does* have a limit:

Cruise lines get nothing from the US bailout.

Good. The Fuckers can see if they can get a bailout from Liberia.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.

It’s a good thing I have a couple of streams of income.

What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.

All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.

I thought Boris might have considered the introduction of a temporary Universal Basic Income, but that doesn't seem to have gained any traction. I always thought it could never happen in US but that $2k universal payout could be embryonic.

I think I could comfortably retire right now with those $2k/month (if tax free). But I guess that's like peanuts in the US and maybe even in the UK, isn't it?

Will they have any additional requirement like not having any other assets or previous savings? Or it is just "free money for all" as soon as you don't have a "working salary"?

I doubt anything like that would happen here... but we are living a in crazy world already, so who knows....
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
Brrr, money to everyone.
Desperately seeking inflation since 2008, In the HOPE to create hyperinflation.
The problem of inflation in reality is another one:  slowly at start,then all of a sudden.
That link points to a moron: "Move your money to another country". Like they are any better.

He obviously had no clue about Bitcoin. Comeon man it was 2014!!!
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