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2201  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2021, 05:06:51 PM
[...]
... because of the Chinese genetically-engineered spike protein the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA, then exposing it to evolutionary pressures in the human population of mRNA vaccinated that have a very specific response to that very same spike protein is going to put selective pressures on this virus towards an unknowable and potentially catastrophic outcome.

How does this translate to normal language?

Biodom says we're fine, some genetically-engineered mice in the 70's they fiddled with were dozy and too slow too keep up ... and that's probably just like what will happen with this genetically-engineered, human-adapted bioweapons virus released from the Chinese Communist lab 45 years later.

... or it could be Pandora's box was opened and whole-population vaccination is just prepping the tinder for the final conflagration.

That's not what I said at all, but if you don't want to listen, then it is on you.
2202  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2021, 03:12:09 AM
the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA...

Unstable in some strange sense or prone to mutations?
Has a highly unlikely arrangement of electrical charges.
https://www.business-standard.com/article/international/covid-19-has-no-credible-natural-ancestor-claims-new-research-121053100019_1.html
Quote
Sorensen said that four amino acids on the spike had a positive charge, which causes the virus to tightly cling to the negatively charged parts of a human, making the virus more infectious.

“The laws of physics mean that you cannot have four positively charged amino acids in a row. The only way you can get this is if you artificially manufacture it,”


That guy is full of s-t. I spent 60sec to find several proteins with MUCH more than 4 positive aa in a row: here is one that has 6, 6 and 7 positively charged aa in a row.
https://www.uniprot.org/uniprot/P83213
More here:
https://onlinelibrary.wiley.com/doi/full/10.1002/adma.201905309

Right now it does not matter (for viral evolution) how it came out to be-that's a different story.

... maybe you hope to wish this away but this statement has no scientific evidence or theory to back it up.


There is: the darwinian evolution aka natural selection. The most effectively propagating forms are most likely to be selected in the wild. There is no positive selection for being deadly, in fact, it's the opposite.
This reminds me of a big scare with recombinant DNA tech in the seventies. People were afraid that modified bacteria (from the lab) will do us much harm in the wild, so procedures were designed to prevent it (contamination of environment by the lab strains). It turned out eventually that bacterial lab strains were not a match for much more efficient strains of the wild. There were a few papers written on the subject. If someone of you ever seen and compared a wild mice with a lab one-the lab one would not last a day in the wild...it is slow moving and inept.
2203  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2021, 02:15:19 AM
the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA...

Unstable in some strange sense or prone to mutations?
That molecule being unstable thermodynamically (even if it is, which I doubt) makes no difference.
It is a single strand RNA, acting also as the mRNA, so that fact that it is 'unstable' does not preclude it from functioning in directing protein synthesis, quite successfully at that.
Typically, mutations occur during viral replication.
Natural selection favors variants which are more infectious, as simple as that.
Right now it does not matter (for viral evolution) how it came out to be-that's a different story.
2204  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2021, 09:41:39 PM
this market feels like its just waiting on another article to tank it 10%   

It certainly ain't in the chart at the moment.
2205  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2021, 09:25:16 PM
But now things have changed... we have passed that long back now Bitcoin isn’t a thing to be scared any more. In fact now it’s a thing of a pride. The older and richer you are in Bitcoin you got more respect.

We can see this on other platforms too people have came out and are advocating Bitcoin openly. I think because of Bitcoin you don’t need to hide your identity any more. I’m not sure when things will change on Bitcointalk or will never change who knows.

This is my personal thinking of course you guys can disagree and I accept that. There are pros and cons of being anonymous here on “bitcointalk” and list of pros will be longer Smiley

btctalk ain't facebook, I hope.

re old fools, old and rich, etc.
facts:
1. older people typically have more money/funds. It's a simple age-related compounding effect.
2. older people have had more f-s, but typically give less f-s about things that bother younger people. Think about that.
3. older people are stupider than themselves at a younger age, with partial compensation via experience, but even at the older age, they might still be smarter than some younglings who post here.

crypto...or rather "Crypto, ergo sum".
2206  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2021, 08:41:03 PM
For those whose gibberish i only see when i am not signed up:

If you continue to trash "crypto", then I will use it in EVERY post just to f-g annoy you.

BTW, the first use of the word apparently harks back to 1681. Duh!
https://www.merriam-webster.com/dictionary/crypto#h2

In addition, an illiterate person like you probably never read the "Cryptonomicon", "Sovereign Individual", etc. or aware of cypherpunks, etc.

That said...crypto, crypto, crypto! ...

2207  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2021, 05:39:56 PM
Politicians are confused:

https://www.politico.com/news/2021/05/30/bitcoin-investment-wall-street-lobbying-491399

Quote
Tillis said the fund applications “have to be scrutinized, mainly from a consumer protection perspective.”

triple lol:
An example of happily approved ETF:
https://finance.yahoo.com/quote/USO/chart

or this one:
https://finance.yahoo.com/quote/UNG?p=UNG&.tsrc=fin-srch

Go to max range.

Canadians and europeans are OK with bitcoin ETFs, but US needs 'special protection'?
Such horses-t.
2208  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2021, 06:30:33 AM
HOPIUM (Wyckoff).



regarding my theory that crawler (whoever it is) are scanning this thread ongoing. after I posted the pic I had immediately 14 viewers of the pic on imgur.  Roll Eyes

lurkers? /s

No, Stalkers! /s

there is no sarcasm in the latter statement or is there?
that's the meaning of /s, lol
2209  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2021, 06:16:24 AM
HOPIUM (Wyckoff).



regarding my theory that crawler (whoever it is) are scanning this thread ongoing. after I posted the pic I had immediately 14 viewers of the pic on imgur.  Roll Eyes

lurkers? /s
2210  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2021, 11:45:56 PM
I found the charger for my old laptop, it was still plugged in to the wall socket where I left it three years ago.
So I plugged it to my laptop and started charging, after a couple of hours I started the laptop and for a long time nothing happened, then the logo (Lenovo) showed, and then nothing for a long period and then Something like "can't find the boot thingi, boot thingt missing or broken" displayed.
I turned it of and on again and now it booted and showed the desktop, but when I tried to open a file it couldnt and another message occured, "bla bla something broken the computer will restart and try to fix it"
So it did that three times and then I got some alternatives, one was go to windows ten, chose that and of course I got a message saying that the computer will do a autorepair. Did that and its still not giving me the desktop, it just keeps "repairing" over and over again. Now I have turned it of and will try to restart again.

Seriously, shouldn't a computer stand to be turned of for three years without going bad?, it's not a bottle of cheap wine.

Anyway, if I cant get it going how do I install win7 from my usb stick? what buttons do I need to push and when?


two points:

1. I think that in the last three years there was some critical update (I recall something about BIOS, not 100% sure, maybe more like 5 years).
2. maybe restart it and let it work off it's issues for a while (while being connected to the internet), like overnight.
3. not connecting laptop to power for 3 years might mess it's battery (it can go to a strange state where it cannot be charged), but this is clearly not your issue.
4. Install Linux  Grin...Ubuntu 18 and 20 are pretty sweet.
2211  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2021, 09:05:21 PM
Quote
we are still in accumulation according to Wyckoff.

Doesn't sound wrong to me, lower price is an opportunity maybe its boring or something but its going to feel way too late to buy any at 100k if/when that happens.   People getting a second chance to show some back bone, its up to them if they can acquire the reasoning to not just buy into hype for trades but use it year to year like many assets and gain in a long term way.    
   I dont really characterize lower prices as must be a negative thing, its usually necessary to enable higher prices later and I think moving too far from the 200 day average can disenfranchise a potential audience from involvement, the more people involved the better.

As far as wider price action, I think 50 week average is relevant.  Usually its the 200 day but since we got a variation in markets the 50 week might be a better mix, moving averages are indicators anyway and both are rising hence Im not negative longer term.

we are below 200 day average, though, it's something like 41K, right?
2212  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2021, 03:40:57 PM
In a large picture, the question of a bear market is not even important. Should bitcoin be worth just 0.4% of all assets and less than 10% of gold? Of course, not.
Focusing on the current situation, it does feel like a bear market. The only question is re the duration of such: either a short one (local) or a longer one (this cycle bear market).
About this point, only time will show.

Overall, we have at least 3.46X wallets in 2021 than in late 2017, maybe much more than that (I am only going from blockchain.com numbers), yet the price is just 70% higher (at the moment).
Therefore, we are lagging the Metcalf's law and, therefore, are SEVERELY undervalued in comparison with 2017.
Albeit, since 2017 peak was overvaluation with the "fair value" back then at $6.7K, then, maybe 6.7X12.08 (square of 4X wallet number increase)=80.9K is the current "fair value".
Typically, bull markets "should" exceed fair valuation by 2-3X, hence 160-240K at the peak is quite reasonable. Should it necessarily come very soon? This part is unclear.

TLDR; according to Metcalf's law and prior "fair" valuation, fair value of bitcoin right now is $81K.
2213  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2021, 12:38:40 AM
OT: City or Chelsea tomorrow?
City is a juggernaut, but Chelsea was both lucky (2012) and unlucky (2008) before.
If penalties, I would go with Chelsea.
If decided in reg time, I would say City 1:0, maybe 3:1 if the game opens up after the initial scoring.
2214  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2021, 09:58:58 PM


Probably a lot of guys feeling this atm  Roll Eyes

I typically don't blame bitcoin, but rather feeble humans (or bots  Cheesy )
2215  Economy / Speculation / Re: Texas’ “failsafe” generators failed, risking weeks-long catastrophe on: May 28, 2021, 08:19:48 PM
Quote
More than half of the state’s 28 black start generators, which are crucial for bringing a collapsed grid back to life, experienced outages themselves, according to a new report by The Wall Street Journal. Of the 13 primary generators, nine encountered trouble, as did six of 15 secondary generators acting as backups in case the primary backups failed. Some had trouble getting enough fuel to run, while others were damaged by the cold weather.

“Having had experience for almost two decades with utilities, it’s genuinely inconceivable to me—even in today’s massively deregulated environment—I cannot imagine how any regulatory oversight got itself into this position,” said Evan Wilner, who served as Delaware’s first public advocate representing utility customers.

https://arstechnica.com/tech-policy/2021/05/texas-power-outage-almost-became-weeks-long-catastrophe/

Yes, what was already unpleasant could have been worse.
Regulation (excessive) is bad, deregulation brings it's own troubles and deregulated entities DON'T spend money to support the grid. Yet, when the grid fails, they are not to blame...f-ers.
Maybe it is the age, but I start to foresee some upcoming civilization failures.
Maybe we are closer to the end than to beginning.
We don't have enough chips, GPUs, hard drives, lumber, etc, etc.
Inflation is running high, yet salaries are stagnating.
Debt is literally through the roof, money printing continues with abandon, yet the focus is on "bad' bitcoin and it's minuscule energy use.

We (the societal WE) are the scorpion that, instead of stinging the frog in the proverbial tale, stings itself and maybe dies.
2216  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2021, 05:08:16 PM
This is what I do... I will write only hints about what I’m writing and I will write only encoded details which only I can understand. For example for a password I may write few characters from start and end. So even if someone gets access to my notes they will understand nothing.

That's exactly what I did for one account...and then I did not use it for a few years...and then when i looked at my notes I could not remember what I meant.
The brain cell that had this info died or something like that. No clue, complete blank. A few days of intense thinking-still nothing. Luckily, I found all notes associated with time when I worked on that account and some OTHER password gave me a hint, so I was able to solve the problem.

Bottom line-if you think now that your hint would be with you with perfect recall for half a decade or longer, don't.
As Richy_T said-use password manager.
2217  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2021, 12:33:21 AM
And also, when I write "blipp" I mean contactless payment, where you only put your card next to the terminal and it goes "blipp" and the transaction is done. It's called "blipping" in Sweden, I don't know what it's called in English.

afaik, there is no word, but we have a system where you gently touch the pad (no insertion of the chip).
maybe it should be called 'bumping'.

i hear it called "tapping" ie "tap and go" or "tap and pay"



yea, maybe


Isn't it just literally contactless?

maybe, but making a slight touch seems to somehow help, at least this has been my experience and that's what cashiers always suggest-to tap/bump it.
2218  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2021, 11:06:48 PM
Re cap gains tax, I told you guys that they will make a go at it being retroactive to Jan 1, 2021 or to April 2021 (this date would be strange):

https://www.marketwatch.com/story/biden-plans-retroactive-hike-in-capital-gains-taxes-so-it-may-be-already-too-late-for-investors-to-avoid-it-report-11622133899

it would suck for those who already sold  Angry


2219  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2021, 11:02:46 PM
And also, when I write "blipp" I mean contactless payment, where you only put your card next to the terminal and it goes "blipp" and the transaction is done. It's called "blipping" in Sweden, I don't know what it's called in English.

afaik, there is no word, but we have a system where you gently touch the pad (no insertion of the chip).
maybe it should be called 'bumping'.
2220  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2021, 04:38:54 PM
conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.

reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.


Either it is manipulation OR it is that it has been much easier to speculate into shitcoins this time. People do not have to go via BTC this time to buy their favorite dog-moon coin. This also means comparisons between BTC 2017 and 2021 charts are not very meaningful. Comparing how the mcap of the entire crypto market behaved makes much more sense (unfortunately). If you look at total market cap you will see an extreme parabolic rise and consecutive higher highs with a clear blow off top (that many are arguing is missing in this bull run).

In other words, the lower lows and rather slow decline could be caused by craze just shifting to other sites, i.e. shitcoins.

Not something I personally like to see, but certainly something to consider.

your arguments are worth to consider for me. but it would mean the ATH after the 2020 halving event is just $64,895?

NEVER EVER  Cool

I did not get the concept of mini-bubbles, but yes, so far we almost never (or never?) went below the prior ATH. In later 2013 and 2014-15 never went below $32, in 2018 never went below $1163, hopefully now would not go below ~20K. That said, if we look at a progress in highs from 32 to 1163 to 19780 to now, then, logically, next stop (ATH) is projecting to be $157362. If you count from lows from 2 to 175 to 3160 to next, then it is projected to be just $15312 for the next low, which is kind of low, I admit. $15.3 low would suggest just $76.6K high (if $15.3K low corresponds to 80% decline), which is disturbingly close to $64.8K already achieved. I don't favor this, but there is a small probability that it might happen.

If we count from the ATH projection of 157362, though, then the next low would be 31472 (at 80% decline) or 23604 (at 85% decline from the top), both numbers still HIGHER than prior ATH, which would fit the pattern, so I would rather go with this: ~157K high, $24-32K low in this cycle. Some might argue that with these numbers we can all lay dormant until the next low comes in 2022-2023, unless you want to chase the 157K peak and happily convert some btc to "projects" there.
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