Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
$44,000 has fallen.
Seems like there’s a real battle here, can we sustain prices above $44,000?
Seems like there’s a real battle here, can we sustain prices above $44,000?
Pressure builds. $50000 in one hour probable
Yeah.. I don't believe that we are stuck, either...
Time will tell.
Didn't someone recently predict that we were going down to $25k? 
HoDL.
HoDL.
Down to $25k were the conservative ones... and they said it was "for sure," too.
Many of us know that it is only "for sure" after it already happens rather than before-hand.
Sure, a mere 4-hour bump of $3.5k from $38k to $41.5k (as I type this post) is nothing in which we can absolutely rest our laurels.. and I am still not going to start to feel comfortable until getting above $46k for a day or so... .. even if we were to have a $20k week candle (or maybe a 3-day) (seems like a fantasy to be thinking about 50% up, no?)... there needs to be some sustainability.. even though those kinds of moves do cause some price cushion and do end up costing those who want to try to expend capital to push the BTC price back down to its earlier lower levels.
Bitcoin's recent price performance, amidst the Russo-Ukrainian conflict, certainly serves as yet another confirmation of the sheer strength and robustness in its design. I'm fairly confident that prices of $25k, and certainly those below the 200-Week Moving Average indicator (currently at $20k), will never be visited again, thereby affirming the current "fuck-you" rich status Bitcoin threshold at 100 BTC.
In fact, and this is purely a SOMA guess, I expect Bitcoin to pleasantly "surprise" us this year, with prices exceeding ATH, and possibly nearing 6-digit territory. This will gradually lower the above "fuck-you" rich status threshold, thus giving more hope of attaining such status to the octopuses, crabs, and other low-end marine species out there.
Studying the history of the 200-Week MA indicator, it can be seen that there is at least an order-of-magnitude (10x) increase in its value roughly every 3.5 years. Assuming that this trend will continue, one can expect its value to reach about $200k in early 2026, at which point owners of a mere 10 BTC can safely attain "fuck-you" rich status and start seriously enjoying their Lambos, hookers & blow.
tl;dr: In 2026, 10 BTC = "Fuck-You" rich. <--- mindrust could have been there. Make sure you are!
I've been thinking about hookers, lambos and blow ever since my BTC became far more valuable than anything I've ever owned or had access to (fiat / homes etc) and of course since these are mentioned exactly in this thread a lot.
Blow
I don't do it at all, I've never felt comfortable smoking anything. I smoked a bit leisurely when going out at during university days 20 odd years ago but never since. To be fair I did do Shisha smoking when I was in Dubai. It was fun. Peppermint flavour seemed nice. Don't know if I'll ever go back.
Lambos
I think more expensive cars might just be a fucking headache for me to be honest regardless of how much my BTC would be worth. I already am too greedy to spend much on a cheapish SUV. I hardly drive these days. I was thinking about getting an Elon Musk Kart in a Model 3 or Model Y and could easily miss a BTC or part of one to get it. But they still seem pretty expensive to me (almost any new car is compared to what I used to pay) and I do worry about the whole electric carry on. The range often seems far too good to be true. Maybe think of them as achieving 60-65% per charge at most. Meh. It's less miles than a full tank of petrol in my current SUV which still drives pretty well. It just has a terrible stereo.
Hookers
I can easily afford pretty top notch ones with my dirty fiat money. There are also some "actresses" available here in the UK who I have admired privately quite a bit but I've often heard these are not worth the extra charge. Maybe I should just try and see for myself. Again it's been something I've been thinking about.
I probably just overthink most things and should enjoy life a bit more.
I'm finding the more wealth I have had, the more careful I have become.
It seems a bit ironic.
You are coming off as a bit of a party-poop, Bunny.
Hookers, Lambos and blow is largely just symbolic as a kind of level of extravagance.
It surely may well be true that entry-level fuck you status may well not allow for such but if you get to multiples of fuck you status (beyond entry-level) then by definition, you have way more money then you need or what was in your budget. Remember fuck you status is the level that you set for yourself, so reaching it is one thing that may well allow you to quit your job and completely live off your passive income (such as your BTC), but reaching multiple-levels of fuck you status, thereby doubles, triples, quadruples or more the budget that you have already set for yourself, so you not only could add one of the extravagances, but several of them in which you are not calculating whether or not they are a good value and presumptively they are mostly a consumption good rather than any kind of value-retaining good.