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

[ChartBuddy]

Explanation

[Hueristic]

I've been behind enemy lines, reading everything published by the Bank of International Settlements in 2021.

Here are 10 pieces that I found the most alarming and most relevant to Bitcoin.

"Know thy enemy and know yourself; in a hundred battles, you will never be defeated."

https://twitter.com/samcallah/status/1473815145545551873?t=kcdNk8yao2NeSjHyA30X5Q&s=08

[OutOfMemory]

What's that?
A nice lil pump to break $51k for now and forever?  

EDIT: Came true and gained some more momentum seconds after i was posting this  

EDIT2: Time to eat some fucking sellwalls   That's my boy, right there! I love Bitcoin!

EDIT3: Yeah, that didn't age well, did it?

[ChartBuddy]

Explanation

[cAPSLOCK]

What I fear is eventually the powers that be will figure out that possibly their very best chance against Bitcoin is not a CDBC, but rather Ethereum.  

That is def. possible.
In my view Meth is the perfect tool for TPTB to easily stay in control, essentially forever. (I recently mentioned how i see POS as an adequate base structure for that)


Meth also offers that great Hollywood trash story, in order to lure in the masses:

"The futuristic super-network^tm that could only be invented by an alien-like savant genius kid" (...who unfortunately appears quite emotionally retarded and seems to be an easy job for any professional handler..)

And don't forget:
The Network will be Greta-green, because its security isn't backed by the value of energy and stupid thermodynamics. (...Why in the hell would you need that....?  Let's apply the magic of circular reasoning and let the tokens secure themselves, and of course, let's pay the main holders along the way. ...seems even worse than cRipple )

It is my hope that TPTB waste another 10 years trying to push their CDBC experiment.  

5 years at least, I think. (if you mean CBDC)
Combined with some Chinese-like social credit system and digital personal identities & wallets, it could work.

But who knows what the future will bring.
Could even be that the US 'deep state' invented BTC as an energy based monetary system. For the time after a USD collapse, since they probably haven't got many gold reserves left either. In that case they would own Satoshi's keys of course  

Yup.. You totally get what I am talking about.  So, JJG if you see this, that should give you the info you need to know whether I am crazy or not.

Now, I love the NSA (inset what ever acronym) invented Bitcoin story.  Not because it would or would not be beneficial... I have not gone far enough down that rabbit hole to know... but just for the wackiness of the theory.  But I don't think the theory holds that much water just because it would take some SERIOUS foresight for the nation with prints the worlds reserve currency at will to actually have the next reserve currency cooked up and waiting in the wings.  I USED to think my country was great enough for that kind of move.  But I have grown up a lot since then.

Plus Bitcoin is one of the only things currently that truly threatens the whole CBDC/Social Credit score system, and it seems to people pulling the strings are more going for THAT world instead of the free, honest one.  I thin k the "shadow government" is most likely all up in the 3 letter agencies.  Only military intelligence seems to have a shred of dignity left.

[cAPSLOCK]

I need 125k x 30 = 3,750,000

I would be 94 and who cares at that point.

I have a lot of that in the form of fed government pensions.

But I would like the 3.75mil and the pensions so that the pension can not be held over my head or my wife head.

Sounds like a doable goal.  I believe you will get there one way or another.  And probably well before 90.  I mean 1.25MM x 3 is basically the same thing, right?  As long as bitcoin does not fail, that is an inevitability in my opinion.  Somewhere between your numbers, and that set...

[philipma1957]

Yes, people need to seriously think about this, @phil.
The critical part, imho, is when to switch from accumulation to distribution (for regular funds especially).
The dude who came up with 4% safe withdrawal doctrine now says that it is actually 4.7% of 'safe" spending per year.

Basically, in US, if the family has $1mil in ret funds (which should be quite doable if you had 401K and worked for, say, 30-35 years) and $3.1/k a mo from soc sec ($1550 is average for a person), then such "average" family should have about 47K+37K=84K/year in available funds, which should be enough in most parts of US. NY-maybe 125-150K/year, but in NY most people might have accumulated more because salaries there are higher as well.

Therefore, bitcoin is mostly extra, which could be either given to next gen, to charity or to the extended family.

I have been thinking about this a lot.

I still like mining. But it involves some work and I am 64.

Plan is work to 70 .

Sell the business share I have to my partners.

Cash in 50% and hodl the rest for 5 years.

revisit the coins in 75 and decide what to cash.

If all of the above happens. I could maybe touch 2 or 3 million at 70 plus the pensions and the wifes 401k It would mean a decent living standard for us.

[ChartBuddy]

Explanation

[Torque]

I've been behind enemy lines, reading everything published by the Bank of International Settlements in 2021.

Here are 10 pieces that I found the most alarming and most relevant to Bitcoin.

"Know thy enemy and know yourself; in a hundred battles, you will never be defeated."

https://twitter.com/samcallah/status/1473815145545551873?t=kcdNk8yao2NeSjHyA30X5Q&s=08

That is some Orwellian nightmare fuel right there...and likely our world future if people don't wake the fk up and opt out of the fiat monetary system.

He's exactly right that the BIS == TPTB == "they". The Central Banks and even the Fed are all beholden to the BIS.

[aesma]

A few pics from the telescope could settle that matter maybe?

Oh, of course not. It's too easy to hack the pics so the Earth looks round!

Fuckers, they want us the believe the spheroid in space fairy tale...

Some years ago I was "debating" with people who didn't believe in the Moon landings. After some time I realized that you could put them on a spaceship, land them on the Moon, they would still not believe in it. Saved me a good chunk of "internet arguing time".

but while they are on the moon you can simply open the airlock since they do not believe in the vacuum of space either.

Ah ah yes I would be tempted to do that.

[ChartBuddy]

Explanation

[Biodom]

Yes, people need to seriously think about this, @phil.
The critical part, imho, is when to switch from accumulation to distribution (for regular funds especially).
The dude who came up with 4% safe withdrawal doctrine now says that it is actually 4.7% of 'safe" spending per year.

Basically, in US, if the family has $1mil in ret funds (which should be quite doable if you had 401K and worked for, say, 30-35 years) and $3.1/k a mo from soc sec ($1550 is average for a person), then such "average" family should have about 47K+37K=84K/year in available funds, which should be enough in most parts of US. NY-maybe 125-150K/year, but in NY most people might have accumulated more because salaries there are higher as well.

Therefore, bitcoin is mostly extra, which could be either given to next gen, to charity or to the extended family.

I have been thinking about this a lot.

I still like mining. But it involves some work and I am 64.

Plan is work to 70 .

Sell the business share I have to my partners.

Cash in 50% and hodl the rest for 5 years.

revisit the coins in 75 and decide what to cash.

If all of the above happens. I could maybe touch 2 or 3 million at 70 plus the pensions and the wifes 401k It would mean a decent living standard for us.

Barring a very nasty inflation spike, $2 mil (will go from a lower number) plus pension(s) plus a decent 401K PLUS proceeds from part business ownership (difficult to value) PLUS 50% of btc portfolio and even without btc makes it "very likely not to die poor" situation. btc is just the icing on the cake in this situation. Well done!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Syke]

Basically, in US, if the family has $1mil in ret funds

With that much you can get 10-20% interest and never run out. That's $100-200k/yr.

[jojo69]

[xhomerx10]

 They're not touching so that doesn't really count as a gay Christmas card.

[philipma1957]

Basically, in US, if the family has $1mil in ret funds

With that much you can get 10-20% interest and never run out. That's $100-200k/yr.

wtf are you talking about?

no legit company pays 20% interest

[xhomerx10]

Basically, in US, if the family has $1mil in ret funds

With that much you can get 10-20% interest and never run out. That's $100-200k/yr.

wtf are you talking about?

no legit company pays 20% interest

 Well they do pay that in Turkey!
Of course, the prices of goods are rising at 40%...