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

[cAPSLOCK]

Zoom

This should be framed...  It defines what we are rolling into.

[cAPSLOCK]

So my loop in transaction that I accidentally set to a 1sat/k fee is not likely to get mined anytime soon, is it?

[JayJuanGee]

Politics has nothing to do with it, or at least it shouldn't. Mask wearing is a medical issue, not a political one. Why do some people try to turn everything into some right-wing versus left-wing partisan political debate?

Probably because their henchman leader believes that his winning strategy is to create as much chaos and division as he can, so for some reason even if some peeps proclaim that they do not agree with the henchman leader, they still find it convenient to spout out the same anti-science, anti-fact misleading bullshit that he spouts out.., even while many of them believe that orange man is a ridiculous compulsive liar, they still find it convenient to believe that he is not lying from time to time when it suits their fantasy wishes.

 

[LFC_Bitcoin]

So my loop in transaction that I accidentally set to a 1sat/k fee is not likely to get mined anytime soon, is it?

Could take 48 hours.
Maybe as it’s Sunday tomo you’ll get lucky. Current recommended fee is 9 sat/byte.

Post the transaction id, I’ll see if I can run it through via bitcoin’s free accelerator.

[JayJuanGee]

It looks like this next bull run has well and truly started.
I have been HODLing pretty much most of my corn over the last 6 years apart from a small sell off back in early 2018.
I am now thinking about my next steps to ensure my retirement and to increase my BTC stash to leave as a legacy for my children.
My plan is to cash a small amount out somewhere between 40 to 100K to retire on.
I was thinking that I would continue to HODL 25% of my corn and begin to sell about 75% into a stablecoin backed by gold or some other fairly stable asset (PAXG perhaps?)
Then spread the PAXG over several lending platforms and earn interest while the price of bitcoin takes its natural course back through the next bear cycle (late 2022??).
Once we bottom out and begin the next upward trend after the next halving the plan is to buy back in with PAXG or whatever stablecoin would work.
The reason for using a stablecoin is twofold
1) Receive high interest yield on lending platforms
2) Avoid paying large Capital Gains taxes.

I was interested in my WO bretheren's thoughts on this.
So what do you guys think?

I would think that making sure that whatever purported stable coin you get into is actually secure is more important than any kind of yield farming that might exist with some of those... .. You would not want your cashing out attempts to play the BIG swings to end up with you being a victim of an exit scam.

......
My plan is to cash a small amount out somewhere between 40 to 100K to retire on.....

First, I will assume you mean 40K to 100K yearly?

Seems to me that machasm was merely proposing that he was planning to be cashing out up to 75%, perhaps, of his BTC, once BTC gets within the $40k to $100k price range... and he had not really specified how much cashing out that would amount to, but that he was suggesting that within that BTC price range of $40k to $100k it would be sufficient enough for him to retire, to prepare for buying back and to provide a legacy for his heirs (something like that - maybe a bit of an overachiever, perhaps?).

[philipma1957]

@winklevoss
Not owning #Bitcoin  today will be a worse investment decision than not investing in $APPL, $GOOG, $AMZN, and $MSFT in the early 2000's.
https://twitter.com/winklevoss/status/1289598198760185856?s=21

Yeah We can all agree on this.


This bull run will be nice maybe we go to 50k by nov 1.

 Just hope Trump keeps cranking up the Fud about the election.

I think we will do fine.

I have no plans to sell.

Other then if Doge hits 1 dollar.😀

[podyx]

It DOES feel like this is the start of something...

[d_eddie]

11.8k and counting
soon I'll be able to replace my hat? 

[Biodom]

if we go to $50K by Nov1, Robinhood traders will go green with envy and will demand that btc is traded on the platform.
Imagine what millions of angry customers can do, lol.

[El duderino_]

[sirazimuth]

Other then if <censored> hits 1 dollar.😀

Hey no shitcoinery talk bro.
Else Jay will meme bat-slap you upside the head.
Followed by lots of words...

[infofront]

... around $2million networth more objectively brings any guy to fuck you status because it allows for a passive income of about $6,666 per month...

That's assuming a return of 4% p.a. That's reasonable but I'm interested to learn through which means you would look to achieve that? Typical fiat account interest? Loaning btc? Something else?

A traditional, conservative stock-based portfolio historically averages something like 6-7% annually.

[JimboToronto]

Other then if <censored> hits 1 dollar.😀

Hey no shitcoinery talk bro.
Else Jay will meme bat-slap you upside the head.
Followed by lots of words...

Very meme. Much humorous.

[Toxic2040]

#stronghands

[Biodom]

... around $2million networth more objectively brings any guy to fuck you status because it allows for a passive income of about $6,666 per month...

That's assuming a return of 4% p.a. That's reasonable but I'm interested to learn through which means you would look to achieve that? Typical fiat account interest? Loaning btc? Something else?

A traditional, conservative stock-based portfolio historically averages something like 6-7% annually.

Traditional? It all depends where you come in.
With extreme valuations now, it is quite possible, if not probable that real returns in stonks/bonds over the next decade or two would be at about zero (or below).
Example:
SP500 between March 2000 and Feb 2013 (zero returns if not counting divvies)
Nasdaq between  March 2000 and May 2015 (more than 15 years of zero returns from the peak!)
Shiller says that future annual return in stonks is 2.8%:
https://www.gurufocus.com/shiller-PE.php
Buffett-stonks strongly overvalued (almost like in 2000):
http://www.currentmarketvaluation.com/models/buffett-indicator.php

Mind you, I am still on the market with 40% of fiat in stonks as the music is still playing....

[cAPSLOCK]

So my loop in transaction that I accidentally set to a 1sat/k fee is not likely to get mined anytime soon, is it?

Could take 48 hours.
Maybe as it’s Sunday tomo you’ll get lucky. Current recommended fee is 9 sat/byte.

Post the transaction id, I’ll see if I can run it through via bitcoin’s free accelerator.

Ah good idea!  Forgot about that.  I could also do RBF I guess... but I don't NEED this transaction.  The transaction itself is for like $55, but the change is much more ha.

I went ahead and rebroadcasted via an accelerator.  No reason for me to sacrifice the opsec I would posting the tx here.

But thanks for the reminder!

[cAPSLOCK]

if we go to $50K by Nov1, Robinhood traders will go green with envy and will demand that btc is traded on the platform.
Imagine what millions of angry customers can do, lol.

Robinhood DOES have BTC trading.  It's just synthetic, I think.  You can;t withdraw.

[Biodom]

if we go to $50K by Nov1, Robinhood traders will go green with envy and will demand that btc is traded on the platform.
Imagine what millions of angry customers can do, lol.

Robinhood DOES have BTC trading.  It's just synthetic, I think.  You can;t withdraw.

Ah, OK, some imaginary fiat units.

[Hueristic]

Not sure if yhis is posted yet and i'm way behind so just gonna drop it here.



Nasa Astronauts returning on SpaceX Dragon. LIVE

https://www.youtube.com/watch?v=13OkD0C_TWU

[philipma1957]

Other then if <censored> hits 1 dollar.😀

Hey no shitcoinery talk bro.
Else Jay will meme bat-slap you upside the head.
Followed by lots of words...

Hell having that coin lets me hodl all my btc.

I tell my self it has a huge upside. as it has only 500 million marketcap.

I only need  four or five billionaires to jack it up ten or twenty fold.  Like the Hunt bros did with silver when i was in the Navy. those shit coins allow me to stay relaxed about my btc.

hodl btc.