Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8429. (Read 26714742 times)

Still it's running way behind that original chart we had up here last week.

China changed the way it counts cases, so it looks like there's been a massive jump.

https://au.news.yahoo.com/china-virus-death-toll-tops-1-100-cases-042819383--spt.html

Look at a longer term chart. Weekly RSI is 63 not overbought yet. Price is starting to walk the weekly upper BBand which is expanding and the weekly 20 MA is turning up. We still have upside momentum IMO.

Yes... The page on this website works pretty good (and I think that it has only been around for a few months.. you can see it is labelled as a "new" feature:

https://data.bitcoinity.org/markets/books/all#

You can also highlight on specific exchanges too, or change your focus to certain currencies.


Edit:


fluidjax beat me

Personally, I like to consider $2million to be pretty damned close to twice as much as $1million, and really, if we are considering how much money we need to survive or to say fuck you, there can be a pretty BIG ass difference between $2million and $1million.

Of course, our simple traditional formula allows for some presumptions that any principle amount should allow you to approximate getting a 4% per year return on such amount, so $1 million should be able to generate you with $3,333 per month in passive income and $2million is going to generate you about $6,667 in passive income per month.

I think that there is a pretty BIG difference between the two, and sure you can get by with $3,333 per month, especially since it is passive income, but $6,667 is going to feel a whole hell of a lot better and even allow you to buy much nicer things for yourself, especially if you delay in gratifications.

I think that another factor  that any of us has to be considering whenever we are trying to figure out whether we have enough value to live off of the passive income without depleting our principle is the value of our assets at the low of the market (we should not be measuring the value of our assets from peaks or from some kind of average or any of that bullshit... we need to focus largely on the most likely worser scenarios of the lows).

If we are measuring bitcoin by itself and without any other assets, then we are engaging in additional risk that seems to be focused too much on one asset, but for the sake of argument, if we are focusing only on the value of bitcoin and its worser case scenario as a low, I believe that currently we could approximately calculate $5k to be our worser case low.

Yeah, I might be wrong by a bit, and nothing is 100% sure, but $5k, as our current worser case scenario low seems relatively safe. 

So, if $5k is our low, then we would need to have at least 200BTC to be comfortable with a goal of a $1million dollar holdings or 400BTC with a goal of a minimum of $2million.

Of course, with the passage of time, we are likely going to be able to move up our "worser case scenario" perspective, and therefore we won't need as many bitcoin in order to feel comfortable transitioning into purely living off of the passive income depending on our targeted amount that we believe is minimally enough to live comfortably and within our expected standards.

If you have assets other than bitcoin, then your calculations are going to come out a bit different in terms of the total size that is necessary for your bitcoin holdings, but in any case I believe that 4% does remain a pretty safe amount as long as you are calculating with the worser case scenarios in mind.



Exactly!!!!!!  Takes a long fucking time to build up assets to a level in which you feel that it is sufficient to transition into fuck you status... which may or may not include the consumption of luxury items.

Coronavirus Cases:
60,161
https://www.worldometers.info/coronavirus/

Coronavirus live updates: China’s Hubei reports 14,840 new cases, 242 additional deaths
https://www.cnbc.com/2020/02/13/coronavirus-latest-updates-china-hubei.html




Oh shit...

Lol yeah it does. But shorting the top of a pump still pays as long as you don't get too greedy. No way the RSI is going to stay at that overbought level for long. I am amazed it stayed this long.

https://www.cnbc.com/2020/02/12/cdc-prepares-for-coronavirus-to-take-a-foothold-in-the-us.html?__source=sharebar|twitter&par=sharebar


Top CDC official says US should prepare for coronavirus ‘to take a foothold’


Fed gonna want to print a lot more money.


Buy Bitcoin and defund the govy boyz who wrongly try to use money printing as a panacea.

More from the FED, J. Powell clarifies the way forward with more QE. Meanwhile, repo market bailouts are still 'not QE'.  
https://www.marketwatch.com/story/powell-says-fed-will-aggressively-use-qe-to-fight-next-recession-2020-02-12

Despite Trumps claims that jobs are booming in the USA, Job openings declining fastest since the 2008 crisis.
https://finance.yahoo.com/news/job-openings-decline-at-fastest-pace-since-2009-morning-brief-110424198.html

Also, USA credit card debt hits an all time record high
https://www.pymnts.com/debt/2020/us-credit-card-debt-hits-all-time-high-of-930b-delinquencies-rise/

USA household debt also at ATH
https://currentaffairsonline.co.uk/2020/02/12/household-debt-hits-record-high-of-14-1-trillion/

On a positive note (sarc), the economy will not feel a recession this summer and consumer lifestyles will remain priority. Yeah, lets refinance the house and go shopping with the credit card!  

I did not know that you were a lil fattie, ivomm.    


Seems to me, LFC, that if you play things well, you have enough bitcoin that you might surpass regular richie status and advance into filthy richie status, as long as you do not sell too many of your fiends too soon....

Accordingly, once into "flilthy richie" status, the depreciation factor would no longer be a matter to weigh, and the only things that would be weighed would be: "is it fun" and/or "does it add to status".

Shorting bull markets pays poorly. 

Oh yes I definitely agree. I am just saying, now looks like the optimal time to close those longs. I am shorting to around 9000-9100 and then longing to Ireallycan'timagine.

oh oh ten four. got it
ten four ha ha

i see a slightly rise of the price. could be the bulls are waiting for some sign to start the attack on the AYH.

They will probably start banning petrol cars within 12 years, so your SLR McLaren Bravus wouldn't be much use in the long term.

What's with the Mercs?  I have always fancied a little second hand runabout like this...

What's that? Some sort of SLR? (Yeah I guess so, it looks so "different" in black...)

My "lambo" would probably be the SLR McLaren Bravus:



And no, no matter how high Bitcoin goes or how rich I ever become. I will NEVER have it. Probably I don't even *really* want it. It's so beautiful though...

If they try to make bitcoin useless for those things, does that make the value zero (so no taxes) in those situations?
Or are they promoting bitcoin for those use-cases as a valuable payment system, so it can be taxed accordingly? confused now.

Honestly, i think BTC will do better than Ether. SOMA

Perhaps you’re right on the short term but longer term I see this spiking to about $20-24k after we will get a larger ‘correction’ dump.

Don’t sell too early.