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Topic
Board Speculation
Merits 18 from 6 users

Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
psycodad
on 05/03/2025, 16:20:34 UTC
⭐ Merited by El duderino_ (12) ,hisslyness (2) ,vapourminer (1) ,JayJuanGee (1) ,xhomerx10 (1) ,Paashaas (1)

Not going to lie, falling from $109,000 to $78,000 was rather unsettling, for me at least. I know we’ve HODLED through similar and even worse corrections in previous bull markets, percentage wise. But for me, it feels a lot worse when you’re watching your net worth dump by so much money. The money involved now is so much more than it was when our coins were losing $40 each per day or something at the same % dip as we saw from $109,000 to $78,000.
Exactly this! Seeing your net worth (FIAT-wise) decrease drastically feels the worst this cycle. But don't forget 1BTC=1BTC.  

watching a wallet drop from $218000 to $156000 hurts.

but

watching eggs go from $1.39 to $10.00
watching lamb roast go from $39 to $67
watching lamb steaks go from $12 to $20

watching a loaf of bread go from $2 to $5

watching my garbage pickup go from $250 a year to $1500 a year.

watching my house insurance go from $500 to $1200
watching my car insurance go from $1000 to $3000 no claims in 30 years

is way more frightening and depressing.

edit prices are from 2019 to 2025


I just bought 30 extra large eggs at Costco for CA$7.69 (US$5.35 which works out to US$2.14/dozen).  I'm not allowed to cross the border with them though so I can't help you out that way but maybe with some advice?   The US national average for a dozen eggs is $4.95 so you're just in an unlucky area harder hit by bird influenza policies.   Maybe it would be more cost-effective to convert one of your altcoin mining sheds to a chicken coop and sell eggs instead?  You don't have to let them run free but you can charge more money for them if you do Smiley


I was about to propose the same thing to philipma1957.
I for one stopped the antminers and started breeding chicken in my home mine:



14 eggs due in 16d 2hrs at the time of this posting. Hopefully we get 14 new female egg workers. Every one of them that does not identify themselves as she/her will end as spicy chicken wings..

Eggs is the new toilet paper I tell y'all!