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2441  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 04, 2021, 03:02:42 AM
Its important to see where are we in terms of bitcoin / altcoin season.




Why?  Why would it be "important" to see such gibberish?

Maybe because it indicates that we are about to have a vast out-performance of btc over everything else despite the fact that it currently look relatively weak.

Oh?  Is that what the gobble-dee-gook is saying?

You seem to think that only bitcoin and dollar/euro exist in the world,

Thanks for letting me know what it appears that I am thinking from your perspective.  That's helpful, even though it is wrong.



but it ain't so and haven't been since about Jan 2017 when btc had >90% dominance.

 You are buying the loss of bitcoin dominance (since January 2017) story as to having some kind of material/significance meaning.

You must be one lost puppy, Biodom, no?

I found that chart to be quite interesting as a potential trading strategy.

 Hm?  Probably says something about you.

Besides, it is VERY bullish for btc, imho.

 you don't say?

This scheme resembles the yin-yang balance and because we are now slowly approaching about 50-50, it is justified.
New balance (fluctuation) will probably be around 40-70% dominance, give or take 5%.

You mean like the breathing in and out life cycles?  That nonsense?  Or some other nonsense that you and your shitcoiner buddies want to spout out?

"Never try to teach a pig to sing; it wastes your time, and it annoys the pig." R. Heinlein, which is a paraphrase of
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it." George Bernard Shaw
Sorry, all I hear in the piece above is "oink, oink".
2442  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2021, 10:39:42 PM
Its important to see where are we in terms of bitcoin / altcoin season.




Why?  Why would it be "important" to see such gibberish?

Maybe because it indicates that we are about to have a vast out-performance of btc over everything else despite the fact that it currently look relatively weak.
You seem to think that only bitcoin and dollar/euro exist in the world, but it ain't so and haven't been since about Jan 2017 when btc had >90% dominance.

I found that chart to be quite interesting as a potential trading strategy.
Besides, it is VERY bullish for btc, imho.

This scheme resembles the yin-yang balance and because we are now slowly approaching about 50-50, it is justified.
New balance (fluctuation) will probably be around 40-70% dominance, give or take 5%.
2443  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2021, 12:24:11 AM
@Jimbo is an exception.

Most older men I knew did not last more than 10 years after retirement.
Of course, if you manage a ranch or a complex investment portfolio, it could be a different story.
Rolling Stones never retired (Keith and Mic are both 77). Not for the lack of funds, right?
Same for Paul. They do what they like-that is probably a solution.

For the regular schmucks: the question is what you are going to do-twiddle your thumbs at the beach of Turks and Caicos?
I know that most here are for straight and narrow (btc), but even just bitcoin with sidechains, ETFs, ETNs, futures, options, is getting very complex.
Still, people are always talking here about buy/sell as if it is the only thing available.
At some point-get a f-g advisor, maybe, and at least employ some legal tax-reducing strategy (yes, it would probably involve some borrowing against a part of your stash).
2444  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 02, 2021, 01:32:47 AM
I just dumped all my bitcoin for THETA.

Feels like I'm getting on the ground floor of something huge! My timing is perfect!

I have a better trade: went long filecoin on 10Xmargin using doge as a collateral.
BTFD & YOLO.
2445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 02, 2021, 01:29:49 AM
I find it funny that SEC declared Coinbase registration statement being effective on April 1 (today).
I did not realize that those bureaucrats have a sense of humor, or maybe it is their passive-aggressive ways.
Who knows.
2446  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 01, 2021, 02:07:03 AM
139X from here in 5 years? Just like the last 5 years. Is it possible?



Hope that's not an April Fool's prediction.



I see BTC eating into gold bigly.  if it were to grab a 50% share and toss some inflation into the mix.

400k fo btc and 3k for gold in 2026 is possible.

Well, that would mean $8 tril for btc and gold $18 tril then.
Who knows, but it is quite possible, albeit I would have given btc a little bit more.
Short term, my "proprietory" spidery senses are tingling as we could be going for a breakout.
2447  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 05:31:16 PM
Along the lines of the NFTs, my dad registered a star for the family about 20 years ago. Guess how many billions of dollars that's worth now.

The problem with the stars is that they are currently unreachable.
Interestingly, such star purchase is described in the "Death end"-the 3rd book of the Liu Cixin trilogy.
The story auction (in the future) was 'official', but value relatively low because it was just a star.
Then, after it turned out....read the book  Grin

re bitcoin vs dollar..there are many much weaker currencies that would probably be hit first, way before the dollar, see turkish lira, nigerian naira and argentinian peso.
Between just these three, it is 328 mil people, exactly the size of the whole US population.
2448  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 03:52:40 PM
Probably just me but I really don't like Nolan's non Batman movies.

After Tenet I decided to just not bother with his stuff anymore.

Really?
I thought that "Inception" was pretty cool.

Memento, Inception, The Prestige, Interstellar and Batman are master pieces from Christopher Nolan. These are some movies we will debate on for hours.
I saw the trailer of Tenet seems amazing looks like mixture of Inception and The Matrix..

Btw do we have any Dark fans here on WO?

I am watching it. My opinion? Nice music, with that simple glissando string motif that's chilling enough in itself. A slow burner with much less tension than descriptions/posters suggest. The slow burner, low tension thing is good - but it's a bit too complicated for my taste. Keeping track of things acrually requires drawing trees, a bit like 100 años de soledad, but luckily here there are more than two-three given names (thanks for that!). The good thing is it should definitely end with Season 3: no aimless wandering or shark jumping in sight.

I watched "Dark", but kind of get lost in the beginning of the last season (3)? Maybe I should finish it just for a sake of making ends meet.
I felt so sorry for one character there (Ullrich) that it was difficult to watch.
2449  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 03:14:00 PM
Not sure what the confusion is with. There should be a description of what NFT entitles you to, like with ANY contract.

Not sure what your confusion is with.

Unless NFT are written into ownership/copyright law and it is thereby enforceable by law, then they are completely useless.

Doesn't matter what an NFT supposedly entitles you too...the supposed contract is worthless and unenforceable.

"Let the record show I have an NFT, of the painting of which's copyright you are accusing me of infringing, from a random blockchain that I have pulled out of my asshole."

Whatever, dude or dudette, I am not selling you any or asking you to buy, but the overall dismissive attitude here is, frankly, bewildering to the n-th degree.
Reminds me of the attitude regarding bitcoin by the public at large several years ago.
Bitcoin developers/maintainers are making their own NFTs (on bitcoin side chain), yo.
EDIT: Correction. Although BMN (Blockstrem's mining thingie) is essentially an NFT, they choose to call it a Luxembourg investment contract (I guess because there are no NFT laws yet).
2450  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 02:53:21 PM
I don't think anyone buying top tier art really gives a shit about art for the sake of art. It's an investment, a thing to brag about, and a way to store value.

Some people think NFTs can serve those purposes. There is nothing else to it.

Debatable, since I don't know if there are 'real" collectors, but you can tokenize some property as in my Blockstream NFT example. That looks quite real..and on btc side chain.
2451  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 02:51:29 PM
Not sure what the confusion is with. There should be a description of what NFT entitles you to, like with ANY contract.

Not sure what your confusion is with.

Unless NFT are written into ownership/copyright law and it is thereby enforceable by law, then they are completely useless.

Doesn't matter what an NFT supposedly entitles you too...the supposed contract is worthless and unenforceable.

I guess we will see about that.
What exactly the law say specifically about bitcoin or blockchain in general?
Almost nothing to nothing so far, which does not make bitcoin any less valuable.
2452  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 02:40:35 PM
My issue with your point of view, Biodom, is that we are losing track of the raison d'etre for art - the enjoyment.

I understand a Van Gogh original is worth millions, and enjoying a copy or a hi res photo of it isn't the "same" thing in some sense.

But - if the work of art is digital to begin with, what's the relationship between artistic enjoyment and "originality" or "ownership" of the work? When it gets that philosophic, I start to smell smoke.

Well, I am able to enjoy Van Gogh painting in person OR as wall paper while understanding the difference.
When i look at the wall paper, i have some thoughts about the fate, the universe, etc.
When i am in front of the physical painting, I pay attention to the minutia of the artist's work and how it becomes 'alive' at the distance.
When you own something, it is different from looking at something.
For myself, I like to look more than own, but some like to collect.
If their NFT shows artist's digital signatue, is validated on a blockchain and is basically immortal (hopefully), then collector might be satisfied in feeling that his/her 'piece' is unique, there is only ONE and there always be only one.

If I were a collector, I wouldn't be satisfied in feeling that the uniqueness of my piece is limited to a few bits of metadata in the signature - which, again, isn't part of the work itself, since other "unique" prints have the same exact data as their artistic content. Only physical enforcement of the link would give me that kind of satisfaction - along with possible returns.

What physical enforcement?
In a museum, we are relying on "experts" to tell us what is genuine, but even experts are fooled sometimes.
There are very sophisticated forgers in a physical world.
https://artfulliving.com/art-forgery/

EDIT: btw, metadata IS part of the work itself, for sure, included in the NFT.
2453  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 02:22:44 PM
My issue with your point of view, Biodom, is that we are losing track of the raison d'etre for art - the enjoyment.

I understand a Van Gogh original is worth millions, and enjoying a copy or a hi res photo of it isn't the "same" thing in some sense.

But - if the work of art is digital to begin with, what's the relationship between artistic enjoyment and "originality" or "ownership" of the work? When it gets that philosophic, I start to smell smoke.

Well, I am able to enjoy Van Gogh painting in person OR as wall paper while understanding the difference.
When i look at the wall paper, i have some thoughts about the fate, the universe, etc.
When i am in front of the physical painting, I pay attention to the minutia of the artist's work and how it becomes 'alive' at the distance.
When you own something, it is different from looking at something.
For myself, I like to look more than own, but some like to collect.
If their NFT shows artist's digital signatue, is validated on a blockchain and is basically immortal (hopefully), then collector might be satisfied in feeling that his/her 'piece' is unique, there is only ONE and there always be only one.

EDIT: BTW, Blockstream is selling essentially a bitcoin mining NFT (BMN) representing 20000th/s (>= 200 S19 machines worth) of hashing power for about $275000 (£ 200000). You can redeem all mined btc from it in 3 years.
Only non-US investors qualify (that f-g Howey test is ruining everything for us). Could be a good value as you cannot get one S19 for $2750, not even close. The drawback is that you have to put down $275K in one go. You can then sell on a secondary market in smaller chunks (0.1 BMN). If you are not in US and have $275 thou 'laying around', it maybe something to look at.
2454  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 02:04:05 PM
So what's stopping me from taking a digital photo of a wall painting I own, and sell it as NFT art?

Nothing.

Under current ownership law, the purchaser of my NFT digital "painting" would receive nothing of value, and I would still retain ownership rights to my physical painting. I could create as many digital copies online as I want, keep selling them over and over again, and not lose ownership of the original painting. If it ever went to court, I could just claim that someone took the digital photo of the painting without my permission.

That's precisely why NFT is a scam.

"The Emperor has no clothes!"


You seem not to understand the idea of artistic ownership.
Maybe your painting is worth $10 or , say, $100, but Van Gogh's is worth $100 mil.
Go ahead, make those copies, then try to sell.
Unique pieces of art are valuable. NFT allows an artist to sign their creation, establishing the link between a piece and it's creator.
Most of the works are digital to begin with, they're not photos of actual paintings.
If the artist will make 10 more copies, his/her name would be tarnished and value of his/her works diminished.
A photo of Mona Lisa is not the same as Mona Lisa not any more or less than the copy of my public address is the indication of my bitcoin ownership.

Exactly my issue with NFTs. There could be a use for them, such as tracking actual physical assets: imagine owning an NFT for (part of) the Mona Lisa or something like that, and earning profit each time someone buys a ticket for the Louvre, or every time the work is loaned for an exhibition.

Same with the songs: I own the NFT, are the song rights now mine? Who gets the royalties on its uses - me or the person who sold me the NFT? If it isn't me, what exactly have I bought? The right to listen to the song? I've got my mp3 for that.



Not sure what the confusion is with. There should be a description of what NFT entitles you to, like with ANY contract.
NFTs will allow for partial ownership of valuable real estate, that's for sure, after the concept goes through a couple of iterations.
I am not buying any art NFTs since I am not knowledgeable enough to know the value, but I did buy some Decentraland parcels several years ago just for funzies.
Those were the early NFTs. No big deal if it zeroes out, but I did it since "Snow crash" is one of my most favorite books and I thought that it would be fun to own some.
2455  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 01:07:19 PM
Squawk Box
@SquawkCNBC
BREAKING: $GS will begin offering #bitcoin
 and other digital assets related investments to its private wealth management clients in the second quarter,
@hugh_son
 reports:
https://twitter.com/SquawkCNBC/status/1377233700283412480

Quote: "GS didn't offer bitcoins when the price was 4000 but now when the price is 57 000. Is this a part of their expertise?"

Bitcoin is a Veblen good.
the higher the price goes, the higher the demand goes
This is the first item i know of where regular 'schmucks' were able to partake before the typical "accredited" crowd.
We were 'allowed' in FB at the $120bil valuation.
Not here. In fact, I am looking at all this frenzy with some amusement.
2456  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 12:49:32 PM
I must say I'm starting to be envy of Spencer.
Not only he's becoming filthy rich, but he's also trolling his noiconer father.
What an accomplishment for a son.

It's a funny dynamic between those two.
I am sure that Spencer is right...and he would be getting daddy's funds...eventually.
2457  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2021, 12:39:29 PM
Probably just me but I really don't like Nolan's non Batman movies.

After Tenet I decided to just not bother with his stuff anymore.

Really?
I thought that "Inception" was pretty cool.
2458  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2021, 10:21:15 PM
Is it ("Tenet") available on some streamer? Thanks.
2459  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2021, 10:17:31 PM
The Pi Cycle Top Indicator makes me worry too much. We are crossing it any day now. And it precisely predicted all market tops so far.

Whats your thoughts? This time is different? One possibility is we will have a double top like in 2013. Thats what I am expecting. A bullrun in April, Crash and sideways through summer. Parabolic end of the year.

https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

Possible, but at some point all those numerical indicators would stop working as almost any other numerical indicators (NUPL, etc.).
The scenario of a local high in April, then down, then flat, then up in the Fall on the other hand is quite possible.
I have difficulty seeing us topping when we are going up a few % a day; it becomes much more possible, and even likely if we pop to 80-90K in a short time frame (like a week).
One possibility is clear: WS will push btc up when Coinbase listing date would be announced, then the day before, they would likely sell some btc and buy COIN the following day.
Some volatility is to expected there.
2460  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2021, 02:04:59 PM
Sorry will read better next time.

That's puzzling to me too. Maybe because the US is doing much better then the EU in number of vaccinations per capita? I really hate the EU for being so penny wise pound foolish when buying the vaccines, yes they were very cheap compared to what the US paid, but of course now we are last in line (of the first world countries), costing muuuuch more in lost revenue.

...US, UK and Israel, on the other hand, are far behind in terms of the number of vaccinated.

you probably meant ahead?

That said..US has quirks...right now, Texas , for example, opened up for anybody over 16....and there are NO slots available for taking, at least in Houston, seemingly.
What's the point? When they limited to over 65, then 50, there were always places where you could get it.
Now-zero. They should have continued the age-slicing, even going by 2 wk or so-50 to 40 to 30, then to over 16, then everybody.
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