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1301  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 14, 2021, 10:44:51 PM
Thick fog is actually beautiful, if you are outside of it.



How high can those damned things fly?

5000-6000m above sea level.
In the EU it is allowed to fly drones privately no more than 120m above the ground, if you're in a "green" zone (which is out of urban areas, generally).
I cheated and made it 200m this time, since the air was free of any traffic (flightradar.com). I temporarily switched off the transponder that broadcasts my drone's registered ID to avoid any legal consequences, albeit highly unlikely in that situation.

EDIT: The mountain tops in the back are over 2000m ASL, i was taking off from about 800m ASL (which was the top height of the fog, basically).

EDIT2: Ideally, you would do shots like this using a DSLR on a tripod, using very long exposure times with darkening filters. There are only a couple of places for getting that "floating" effect when shot from the ground. I could write a small book about all that, but the key to incredible fog photography is by blurring the fog, while keeping the landscape crispy sharp. Since the thick fog is moving dead slowly, you need times of at least 30 secs to start to recognize the effect. A drone can't stay a 100% steady in the air that long. Would probably give decent results from lower limits, but the "liquid" effect you get on the fog from far longer exposure times is just priceless.

Just google "fog long exposure"
1302  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 14, 2021, 10:23:50 PM
About these purple "no trespassing" markings, can't this be used by someone to get away with murder? You drag someone inside the fence, you shoot him dead, and then claim he was trespassing and did not respond to verbal warnings and warning shots. How would the authorities in the relevant USA territories deal with this?

Shooting trespassers is not actually legal. However, the truth of the matter is that if you have any amount of land, you could make the body disappear and that would probably be that.

You get better chances with a little help of our animal friends...

Quote
Oregon serial killer Susan Monica murdered two men, dismembered them and fed them to her hogs. But she was caught when remains were found on her 20-acre farm.

So hogs won’t eat everything?

The TV Tropes website seems to verify this, explaining that a pig will “eat meat if they are able to come by it. Fact of the matter is, pigs can eat almost anything they can chew. (They’ve even been known to eat pork if they find it.)”

1303  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 14, 2021, 09:55:47 PM
Me, I wasn't that lucky unfortunately so I'll just stay here for a while. I have raised all my sell orders from ~50k to 80k a while ago (some WOers clairvoyant granny's prediction remember?  Grin).

I think it was 600Watt?

You see OOM.  Your memory is not that bad.  I had not recalled the meaning of the "clairvoyant granny" referent until you mentioned 600watt, and now my memory has been refreshed in that direction too.

Yes, it got better, and i'm working hard to improve it.
In this case i made a note in a text file, which i came across several times within the last months. That certainly helps to keep some information for longer.
I think i even remember last time i tried to recall 600Watt, when i failed. This time it just popped up in my mind.

Working memory is generally used for different tasks than storing/reminding simple, single-associated informations/relations, for example repeating and summarizing sentences and stories, making plans and meeting decisions, getting an overview of a situation/process, as well as reminding vocabulary. I spend a lot of time in dictionary software when writing replies, because i struggle to find the right expression although i actually know (but can't recall) it. It's just not "there" when you need it, most of the time.
It's still unthinkable to write and maintain source code, which was a big part of my dayjob before i got the fucking flu that triggered all this.

Both short- and longterm memory have both improved to satisfying degrees over time, thanks to good therapists and regular exercise.



Off topic:

Thick fog is actually beautiful, if you are outside of it.



1304  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 14, 2021, 05:35:47 PM
Ok, I'm posting a cat picture.



Or not.

So no it works again, This is a weird day for me.

Arrie!  It has a red dildo in the foreground, damnit!

Looks more like a red buttplug (on a handy stick for sitting on) Cheesy

You had to go there?  

I see a pussy pic and you see..


oh well...


Don't put me to fault here, JJG.
A close friend of mine had a very disturbing, traumatizing experience two decades ago.
I can only tell so much that one of our friends in his bathroom and a toilet brush were involved.
Trust me, you don't want to know and i don't want to recall the images i made up in my mind too often when he told me the story.
Only thing i can say is that i have to think of this certain event whenever i see things on a thin stick.
So, yes, i'm sorry but my subconsciousness made me go there...  Angry


This time PlanB isn’t on point anymore, but I expected him to fall of the rails sooner or later with the S2F chart… it still is an interesting model, but nothing follows an exact model….


I recall PlanB said that a model is a model because it will break for sure at some point in time.
He was about sure that S2F will break next cycle, maybe even within the currrent one.
So, seems he was right in the end.

My doc once told me to use 50-100cm of very thick electric cables (like the ones that run into a house) instead of a baseball bat. He said the bat slips down the bone and doesn't crack it, while the installation cable winds around bones and makes sure they crack nicely (also seems to hurt a bit more). Trusting my doc on this and got myself some fat cables from my electrician friend Grin

OMG I guess you're called psycodad for a reason...

My inquiring mind now torments itself about the question if it is because I seek to break bones of a criminal burglar looking to steel my valuables or if it is because I see a doctor that also gives unconvential security advice in the first place ??

Actually, I am named after Alfred Bundys western hero, though it comes from a time when logins were restricted to 8 chars, hence the omission of the grammatically correct ch.



Everything that's behaving like a spring does even better. The floret (thin sword for fencing) makes use of this effect.
Any thin, springy stick made of steel will work. It's the whiplash-type acceleration that makes bones crack with less power effort.
Never tried a metal spring, like the ones used on big trampolines, but they should work as long as you are prepared for the hit along the length of the spring, when it's slapping back again. Once there was a "defense tool", which was basically a 1 foot long metal spring with a small iron ball at the opponents end. It got banned for a reason.

Me, I wasn't that lucky unfortunately so I'll just stay here for a while. I have raised all my sell orders from ~50k to 80k a while ago (some WOers clairvoyant granny's prediction remember?  Grin).

I think it was 600Watt?
1305  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 13, 2021, 10:18:22 PM
Also, nobody knows what's coming next. People are confused but not scared (yet). So I don't think we should expect some major selloffs soon.

Agree.
And... so far i've seen worse things before.

Yeah, this spring/summer dump to $29k for example. Let alone covid flash crash! Like real black swan events that would mindrust the shit out of you and your stash!  Grin

It'll have to go below $10k for me to mindrust it.
But that's proudhon's territory i'm stepping on now  Cheesy

1306  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 13, 2021, 10:06:51 PM
Also, nobody knows what's coming next. People are confused but not scared (yet). So I don't think we should expect some major selloffs soon.

Agree.
And... so far i've seen worse things before.
1307  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 13, 2021, 09:24:55 PM
Can you get shot if you trespass?

*cough*
accidentally, maybe?
*cough*


Ok, I'm posting a cat picture.



Or not.

So no it works again, This is a weird day for me.

Arrie!  It has a red dildo in the foreground, damnit!

Looks more like a red buttplug (on a handy stick for sitting on) Cheesy

Such down,
So dip,
Pray to Karhu and weep.

I'm praying that my lowest buy order at $44.500 gets filled today.
All the higher ones were already hit, catching the knife  Grin

I know it is tempting.. but you should try to stop yourself from those kinds of wishenings.

For me, it is pretty rare to get to the last buy order, so the closer that we get to my last 5-10 buy orders I start to get a little bit nervous... Of course, if we had gone up for 4x or 6.5x, then maybe it is not such a BIG deal to have several corrections along the way and to attempt to balance out some of the buy orders that had been stacking up (seemingly too much)... maybe I just have an ongoing preference for UP.. even though currently I have buy orders down to $20k, but I don't even really want anymore buy orders in the $40ks to get filled.. Of course, I am willing to tolerate such ongoing buying of BTC.. but still would prefer NOT to buy any more BTC in the $40ks.. make it stop, make it stop.. ..

Is it just me?

I gave it up already. It stops when it stops.
Wishful thinking didn't work for me, so probably the $44.5k will never get hit  Tongue

Moar pain!!! I'm not selling, we're not selling brethren! Bring it on bears, is it all you've got?  Cool

Whatever it takes, they haven't got enough for us all.
1308  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 13, 2021, 07:50:42 PM
It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

Although I agree or at least resonate with most of your paranoid theories ( Wink ), this one never makes that much sense to me.  Why would the "whales" spend the money to do this.  Unless, of course, the whales are actually the exchanges themselves?

I am not questioning the validity of your theory.  I am saying I honestly do not understand it.  Can you elucidate?

Perhaps you should consider that maybe the whales only use exchanges to dump the price down while accumulating much greater amounts off-exchange at the lower prices they've created with their manipulation.

How long can they do this?
Until liquidity shock?
Then dump all BTC on spot and send the market into lower low regions?
Wait for all the hopeless to sell and buy OTC or from miners again?

EDIT: Will it go down forever, Laura?
1309  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 13, 2021, 07:46:13 PM
Such down,
So dip,
Pray to Karhu and weep.

I'm praying that my lowest buy order at $44.500 gets filled today.
All the higher ones were already hit, catching the knife  Grin
1310  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2021, 09:35:31 PM
snip
Taken together with getting cash via borrowing against your satoshis makes the tax bill less relevant.

Thoughts?

I have been trying to learn about borrowing against my satoshis. Someday in the future I hope to have that problem.    I know that "not your keys, not your coin".  What is a good  place to inquire? I've read about Block-fi, but not many others.

How much BTC one would need to borrow against?
The yield is paid in Satoshis or fiat?
1311  Other / Off-topic / Re: [WO/Hat-Gang Only - MODERATED] The fucking COVID vax thread (No hat? Fuck off!) on: December 12, 2021, 08:11:41 PM
Harvard Study Explodes Myths About ‘Vaccines’ Stopping the Spread – But It’s Even Worse Than That
https://beckernews.com/harvard-study-explodes-myths-about-vaccines-stopping-the-spread-but-its-even-worse-than-that-43431/

Quote
A Harvard study of 68 nations and 2,947 counties in the United States published in the European Journal of Epidemiology is shattering the argument that the mRNA therapeutic drugs being marketed as “vaccines” do anything significantly to stop the spread of Covid-19.

It’s even worse than that. As Becker News suggested in September, there is a positive correlation between a nation’s vaccination levels and the “case” rates being reported. The scientific findings are a crushing blow to the argument that the vaccines have a “public health” purpose and that vaccine mandates are justified.

The study also makes an interesting point about counties with extremely high vaccination rates: “Of the top 5 counties that have the highest percentage of population fully vaccinated (99.9–84.3%), the US Centers for Disease Control and Prevention (CDC) identifies 4 of them as ‘High’ Transmission counties.”

Well duh, as if we can't deduce that ourselves...

Oh, nice, one of the studies my government never uses to reason the vaccine mandate (in evaluation currently).
A vaccine mandate to "end the pandemic". How's that?
Surprisingly, in a country with 67% vaccincation rate, two thirds of the public support this madness.
I'm glad that i'm in a situation to be able to afford the projected fine, $250 per month, but i could use the money for better things (like Bitcoin).
Government in March 2021: "There will be no vaccine mandate in our country, ever."
Seriously, WTF?!
1312  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2021, 07:56:23 PM
I know you guys are much familiar with F words. Don't put these words in my mouth.
Don't force me to talk with you that way.

Congratulations !!!

Part of my ignore list. Fuck off!!

That was fast  Shocked

No place like WO.
I truly love this thread!

@Jojo: Never came across somebody saying so much without using a word.  Cool
1313  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2021, 07:40:23 PM
Fucking retards. Good grief.

That's what you get in the countryside.
Trust me, i know what i'm talking about  Grin

But there are some beautiful sides to it as well...
Say hello to the moon  Cool



(Drone test, low light RAW edit, definitely need a bigger sensor on the next one).



(Low light sunset, showing off the limits of smartphone-type imaging sensors).

Only got these two shots today, besides a 180° panorama shot, but i'll keep it to private eyes because of OpSec.
The place was already getting fucking cold and the wind was increasing, tried to avoid iced rotor blades at all cost.
1314  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: December 12, 2021, 02:11:03 PM
Der LN von Bitstamp ist eher sowas wie ein Bekenntnis zum Lightning Netzwerk. Stellen halt Liquidity zur Verfügung. Mit dem Exchange hat das operativ nichts zu tun.
Lightning ist in gewisser Weise auch entbehrlich, weil auf den Exchanges selbst ja eh offchain gehandelt wird. Für Ein-/Auszahlungen wär's aber allemal praktisch, nur wären dann wohl auch weit mehr als "nur" 1000BTC (um mit der Prestige-LN-Node von Bitstamp zu vergleichen) auf dem Knoten nötig...

Bitstamp's Knoten hat eine Kapazität von "nur" 25,5 BTC wobei auch schwer zu sagen ist wieviel davon tatsächlich von Bitstamp stammt und wieviel davon Incoming Capacity ist.

Die beiden Bitfinex Knoten die auch tatsächlich operativ eingesetzt werden haben jeweils ~250 BTC Kapazität (Incoming + Outgoing), dh. mit einer Kapazität von 1000 BTC (Kapazität -- nicht Eigenkapital!) sollte man auch als größerer Exchange relativ weit kommen.

Tatsächlich dürfte es halt mehr eine Frage der Motivation und Priorisierung sein. Solange die Kunden nach NFTs und den neuesten Altcoins schreien ist Lightning Support relativ egal. Tatsächlich wird es einem Binance recht gut gelegen kommen wenn die Leute durch die Withdrawal Fee von ~20 EUR (unabhängig vom Zustand des Mempools) davon abgeschreckt werden ihre BTC abzuziehen. Da muss man dann ja nicht auch noch extra Arbeitsaufwand in etwas reinstecken das dafür sorgen könnte das die Leute weniger Geld am Exchange lassen, vor allem wenn man seine eigene Smartchain pushen möchte.

Aber genug geranted meinerseits Smiley

Oha, als die Node etabliert wurde, waren es noch knapp 1000 BTC, ist aber auch schon ein Weilchen her  Grin

Deinem Binance-"rant" kann ich allerdings nur zustimmen. Vielleicht sollte sich CZ doch mal vordergründig um ordentliche Marktlizenzen kümmern...
1315  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: December 11, 2021, 09:02:19 PM
Lightning wächst inzwischen rasant und wer weiß ob vielleicht schon nächstes Jahr eine Börse Lightning implementiert.

Ein paar Börsen gibt's ja eh schon:
https://bitcointalk.org/index.php?topic=5357314.0

Wobei z.B. Bitstamp zwar einen Node am Laufen hat, aber noch keine Ein- und Auszahlungen über LN anbietet (zumindest konnte ich die Option nicht finden).

Kraken hatte es für Anfang 2021 geplant, aber meines Wissens gibt's an der Front nachwievor kein Update.

Der LN von Bitstamp ist eher sowas wie ein Bekenntnis zum Lightning Netzwerk. Stellen halt Liquidity zur Verfügung. Mit dem Exchange hat das operativ nichts zu tun.
Lightning ist in gewisser Weise auch entbehrlich, weil auf den Exchanges selbst ja eh offchain gehandelt wird. Für Ein-/Auszahlungen wär's aber allemal praktisch, nur wären dann wohl auch weit mehr als "nur" 1000BTC (um mit der Prestige-LN-Node von Bitstamp zu vergleichen) auf dem Knoten nötig...
1316  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2021, 08:48:02 PM
29k is ultimate support =D gogogoggg

10k incoming.
Lol at 69k the cycle top. Not even 4 x of last cycle high.

Quoted for future nostalgia  Cheesy

I was close to commenting upon this idea earlier.. and surely it seems to be that there is a kind of tendency for disingenuine posters (or maybe sometimes just distracted posters) to get caught up upon previous tops and to use the previous tops as their measuring points regarding where we have been, where we are at and where we might be going.  Maybe a disproportionate focus on the tops allow for the presentation of more extreme views and just to lead the topic into nonsensical directions (even if there might be some factual truths within the framework).

So, yes.. there is a truth that bitcoin prices for this particular top of $69k had so far ONLY reached about 3.5x of the December 2017 top (which was $19,666).

On another note, I am thinking that a fair representation of the start of this particular bull cycle would be around $4,200, and surely some claims of randomness can be thrown in my direction too.. but I will maintain a believe that $4,200 is a kind of ballpark starting off figure for this particular bull cycle and that the cycle had largely started right around April 1, 2019 (even though we could not really feel too confident about the start of the cycle until around mid-May 2019).   So, our high so far for this cycle seems to be around 16.4x from its base.. which surely is way smaller than the 2013 cycle and the 2017 cycle, which ended up around more than 100x and around 78x respectively.  

If this cycle ends with only 16.4x, the that would be a decent amount of disappointment for a lot of BTC accumulators/HODLers who seem to have been expecting a bit more for this cycle (including yours truly), but even a 16.4x price appreciation is still not any kind of major disappointment - absent figuring out where we would be going from here (presuming that this cycle is actually over, which does NOT seem likely but we surely cannot rule it out because having this cycle over would likely have greater than 40% odds of actually playing out that way.. from my quasi-layman's overview).

By the way, another ball park framing from my perspective would be that current odds of going below $10k probably would have less than 1% odds, below $20k less than 5% odds and below $30k less than 20% odds... and another dynamic is actually to go below those various price thresholds as a kind of spike down, and another dynamic would be to actually be able to stay below certain price thresholds.. and in any event Billy nocoiners desires to discuss sub $10k as if it were really any kind of meaningful possibility seems to be quite a fantasy whether we are either referring to sustainability or even short term spikes (and sure we did see one exchange (BinanceUS) have a fluke short term spike to around $8k just about 2 months ago, and surely that is a kind of fluke of relatively illiquid exchanges, rather than any kind of a meaningful reflection on the overall BTC price support thresholds).

I can only second that, JJG. I'm anything but disappointed, but sure extending the climb up, finishing in another exponential blow-off top, even invalidating S2F (in the up direction) would have been the foundation for a great story to tell my kids as grown ups.
It it what it is. That's my sentiment.

Now for the explanation of my statement to BillyNocoiner,
Quote
for future nostalgia
was more or less only about the $10k, and especially about the "cycle top". Who could call out a "cycle top" if nocoiner nobody knows exactly IF we already had this cycle's top.
"For future nostalgia", as a log entry in WO, if BillyNocoiner ever deletes his post, when we might finally hit higher figures than the quoted $69k.
I mean nostalgia in the likes of "Do you WO guys remember annoying BillyNocoiner, constantly calling out $10k bottoms just before we were climbing to $234k back in 2022? LOL".
I am bullish on Bitcoin. Don't ask me how, maybe it's only assertive thinking, but i still refuse to be bitter about the way BTC is charting at the time.
Why not being bitter? You gave yourself the answer already. We're up since 2017 a fair amount of times. How could i be unhappy with that?

Invalid image.

For my part it's good enough that the original image stays in Imaginationland  Cheesy
1317  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2021, 10:07:40 AM
29k is ultimate support =D gogogoggg

10k incoming.
Lol at 69k the cycle top. Not even 4 x of last cycle high.



Quoted for future nostalgia  Cheesy
1318  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2021, 12:31:17 AM
Perfect timing for NGU(Y) post, gembitz  Cheesy

Number
Goes
Up
(Yo)
1319  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 10, 2021, 08:43:21 PM
Quote
Keeping my mind on a better life
Where happiness is only a heartbeat away
Paradise, can it be all I heard it was
I close my eyes and maybe I'm already there

Wise words.
By whom?
1320  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 10, 2021, 08:36:44 PM

Maybe I should retire to wherever you are.

No fucking assholes about. No screaming imbeciles.

Seems peaceful and pleasant as long as you have good heat at home.

Yes and no  Smiley
It's one of the most retarded states in a middle european country. Full lumberjack territory  Cheesy
But when you live more away from society, it's actually really nice. A lot of nature, simple people.
You could hike for the rest of your life over hundreds of mountain pastures in the warm seasons, swim in dozens of nearby crystal clear lakes, look at the milky way in the many clear, dark nights and much more. Winter is dominated by alpine sports, if you're into it.


I quickly self quoted my post to add that about 1% of the folks around here are educated enough to actually write and speak good english.
I'd say no more than 5% can - in a very sketchy sounding way - take an active part in an english conversation, to some extent.
This is the hard part if you would want to actually get in touch with the locals Roll Eyes
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