Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[explorer]

I have a long established history with my financial institutions.

quick guide to getting rich

step 1>  be rich

To make a small fortune, one usually begins with a large fortune.

[1634376666]

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[1634376666]

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[explorer]

https://twitter.com/twitter/statuses/956575006380638208
guess people change...

That was up on youtube the other day.  Pretty hilarious editing.

[JayJuanGee]

These bulls bro?

GET OUT OF MY MIIINNNDDDD !!!

EDIT: To be honest, as others have alluded, I'm really starting to stress out, and will be "glad when it's over"

Exhibit A: That's a lot of money to have out there "in play". Makes me real nervous. I apologize in advance for coming off as bragging. Just trying to "keep it real" with you folk.



EDIT2: And yes, IRS, you fine folk are getting a check for just south of $1M end of Q1.

Well, Yeah, if you account is currently valued in around the $1.5million arena, then it would have been valued closed to 2x that in mid December when BTC peaked at $19,666.

Even if you have a lot of bitcoin, you are definitely exhibiting the characteristics of a weak hand to be placing so much emphasis on changes in the dollar value - and hopefully, you can figure out a system in the future that will help you to be less concerned about these kinds of "normal" ups and downs.

Many of us, largely HODLers are in the same boat, even though the actual raw numbers are going to vary, depending on how many coins we are HODLing.  Actually, thinking about this in terms of percentage is much more healthy, but if the actual numbers get to you, then you need to cash out a bit more in order to be less attached to the changes in value... through more or less normal price movements.

[yefi]

Haha, yeah - just hit the 'potential legendary zone' in the last couple of weeks - I guess it makes it more of a challenge LOL

Seriously though, I do think it sucks.

[somac.]

Looking at the charts, it looks as though the bitcoin drop is slowing down and heading somewhat sideways. On the 30min chart a symmetrical triangle is clearly visible. For those that follow Masterluc, he has stated that anything below 10k is a buy and that after the recent low of 9200 we will see a few weeks of consolidation before a move up.

He does also mention an absolute bottom of 7700 though, which I think means that if the price were to penetrate this bottom we would be in a bear market.

If he is right about the few week consolidation period, I believe a break of this symmetrical triangle will indicate a end to this current correction. I would say that if it breaks up happy days but if it breaks down, we might be headed to that 7700. What are other peoples thoughts?

Fundamentally, I think the demand is still there, probably a kind of cash on the sidelines thing. Everyone is just waiting for the price to confirm either the bull or bear market. I put a lot of faith in Masterluc, he has proven his technical analysis skills many times in the past.

[Last of the V8s]

Hmm coincidence. Another 'sabbatical'-taker.
@CarlosMatos80 https://twitter.com/CarlosMatos80/status/956661760328654848
23h23 hours ago

1) The Reason For My Hiatus Is To Take Time Off From Everything. To Meditate And Reflect On Everything. I Am A Positive Person

Very Immature People Have Been Shouting 'Bitconnect' At My Face Even In Singapore and HK On The Street and Once Through A Taxi Window

[jojo69]

Hmm coincidence. Another 'sabbatical'-taker.
@CarlosMatos80 https://twitter.com/CarlosMatos80/status/956661760328654848
23h23 hours ago

1) The Reason For My Hiatus Is To Take Time Off From Everything. To Meditate And Reflect On Everything. I Am A Positive Person

Very Immature People Have Been Shouting 'Bitconnect' At My Face Even In Singapore and HK On The Street and Once Through A Taxi Window

oh...that's rich...poor guy

[Last of the V8s]

Hmm coincidence. Another 'sabbatical'-taker.
@CarlosMatos80 https://twitter.com/CarlosMatos80/status/956661760328654848
23h23 hours ago

1) The Reason For My Hiatus Is To Take Time Off From Everything. To Meditate And Reflect On Everything. I Am A Positive Person

Very Immature People Have Been Shouting 'Bitconnect' At My Face Even In Singapore and HK On The Street and Once Through A Taxi Window

oh...that's rich...poor guy

don't believe any of the people referred to are in any sense poor 

[Last of the V8s]

apparently roaches love the crypto
https://www.theguardian.com/commentisfree/2018/jan/24/bitcoin-currency-far-right-neo-nazis-cryptocurrencies

[Toxic2040]

Ok..lets take a look at PM's...heck..dollars or seashells..any physical store of value.

The problem I have is that advancements in 3D printing have reached beyond the micro scale and into the nano scale. I dont think it will be to long(<100 years?)before replicators are a thing.

Deep dive.

The idea of being able to materialize any object out of thin air, as the metaphor suggests, is a bit tough to wrap ones mind around. First, understand that quantum mechanics tells us that there is not really such a thing as empty space. Even in a vacuum, ultra-tiny particles can be found constantly coming into existence for extremely short periods of time. Although these particles are quickly annihilated when they collide with a corresponding anti-particle made from antimatter, they nevertheless exist ... and in the moment when they do exist they seemingly emerge "out of thin air."

Now imagine if you had a super-intense laser(which shot pure electromagnetic energy)that was strong enough to rip these tiny particles away from their anti-particles so that they didn't collide. If they don't collide, then they won't get annihilated. So in other words, such a laser would make it possible to end up with real particles with mass just by shooting your laser (pure energy) into a void region of space.

And it just so happens that such a laser is in the works. A major European project is now building the most powerful laser ever generated, known as the Extreme Light Infrastructure, or ELI. This laser will be able to provide beams with a power of 10 PW (or 10,000,000,000,000,000 watts), which is orders of magnitude (10 times, to be exact) more powerful than any existing laser facilities.

More importantly, ELI should be strong enough to produce particles out of a vacuum. While generating a handful of particles is a long way from generating a convincing steak and lobster dinner, the technology at least makes "Star Trek"-like replicators conceivable as a real-life possibility. They can no longer be dismissed merely as a convenient fiction for sci-fi writers. That's kind of exciting, if not downright mind-bending.

As Arthur C. Clarke once famously said, "Any sufficiently advanced technology is indistinguishable from magic."

Here are some relevant articles about MIP's and biological printing which is at the cutting edge of this technology.

https://en.wikipedia.org/wiki/Molecular_imprinting

https://books.google.com/books?id=QYrOBQAAQBAJ&pg=PA2#v=onepage&q&f=false

http://www.popularmechanics.com/science/health/a14528/the-chemistry-3d-printer-can-craft-rare-medicinal-molecules-from-scratch/

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5380738/


Some people go on about crypto and transaction speed...and convenience..oh..let me scan that QR code.. and zip!
Most of these things are not what attracts me to bitcoin..its having the immutable proof that what I hodl is not a counterfeit.
Do I think having a diversifiied portfolio is a bad thing?  Heck no...Do I think physical money and PM's are going away...probably not..but there will come a time when it will be in jeopardy due to technology. 

[bones261]

Ok..lets take a look at PM's...heck..dollars or seashells..any physical store of value.



The idea of being able to materialize any object out of thin air, as the metaphor suggests, is a bit tough to wrap ones mind around. First, understand that quantum mechanics tells us that there is not really such a thing as empty space. Even in a vacuum, ultra-tiny particles can be found constantly coming into existence for extremely short periods of time. Although these particles are quickly annihilated when they collide with a corresponding anti-particle made from antimatter, they nevertheless exist ... and in the moment when they do exist they seemingly emerge "out of thin air."

One of the virtual particles than appear out of the vacuum actually has a special property. It has negative energy to balance out the positive energy of the corresponding virtual particle. I believe it would take something monumental, such as a black hole, in order to rip the created pair far enough apart. Even in that case, the negative energy particle is not isolated in any way. It is absorbed by the black hole, and the black hole loses mass/energy. So it is basically a zero sum game.

[Torque]

Ok, this dogmatic adherence to this triangle pattern is just really stupid. I guess it's all bots in control...

[jojo69]

snip

[Torque]

https://www.reddit.com/r/Bitcoin/comments/7t4w11/roger_promised_lightning_would_be_a_hub_and_spoke/

Roger gets owned again

[somac.]

Ok, this dogmatic adherence to this triangle pattern is just really stupid. I guess it's all bots in control...

not just bots, people also believe in them, therefore they happen.

[jojo69]

https://www.reddit.com/r/Bitcoin/comments/7t4w11/roger_promised_lightning_would_be_a_hub_and_spoke/

Roger gets owned again

I think it is juuuuust a bit premature to call the mesh topology a done deal.  I hate Ver as much as the next guy, but a few enthusiast nerds testing doesn't really prove anything.

It is not going to surprise me one little bit if, in the future, I want to transact with, say, Digikey that will entail using my channel with Amazon, who has a channel with, say, McMaster Carr, who has a channel with Digikey.  Centralization of major LN nodes is a real danger that we need to be vigilant about.

[explorer]

snip

I told you to stop flying your drone over my yard.  Next time I shoot it down.

[Toxic2040]

snip

-snip-

snip

-snip-

I told you to stop flying your drone over my yard.  Next time I shoot it down.

t2's ftw

[Ibian]

Congrats, BobLawblaw. Well deserved. Now stop putting yourself at risk by flaunting it  (:

Also, if your profile age is your real age, that seems about the perfect age to retire. If you're much older and retire, it's hardly different from regular retiring, if you're much younger, it somehow feels wrong to me, like you're dropping out too early.

Anecdotally, in my 30s and financially independent on a fraction of the coins Bob has. Not everyone is suited to a life of labor.

[Ibian]

So I just got some sobering news.  It seems that the ringleader/alpha dog of my old PM stacking crew has died.  He was a pretty large gentleman, with a caloric appetite to match, but was about my age.  This guy stacked silver all his adult life, rode through the $4x spike because, of course, it is going MUCH higher right?

At the risk of rOaching out, I actually still believe that Ag WILL go much higher...someday...unfortunately that day was not soon enough for my friend.

The market can indeed remain irrational longer than you can...um...remain...




it's got me thinking

Life is short and full of suffering. Set your goals and go about completing them.