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

[lightfoot]

Kind of stuck at 6500. Weird.

Would be nicer to be stuck at 21,000 but that's just me.

[1685681239]

1685681239

[Elwar]

Also likely the amount of times millions must be killed by socialism for people to learn that socialism is kinda bad.

This is not true. In my country, many people want socialism, especially those who lived with it. Although in the days of socialism in the 30s, many was killed and many was imprisoned. The younger generation does not want socialism in my country. But in some neighboring countries they want to

If millions are killed each month/week then I think people might finally realize it's not a good thing.

And then there will be the holdouts that claim "but that's not real socialism!".

[Elwar]

^^ What's the point of peeing in that thing when the pee ends up on the floor anyways?

I went to one in Germany where it's a circle with several urinals pointing inward. I think the center fills with pee and then...profit??

But when I got there it was full to the point where you're filling up the basin and it runs down to the ground.

I pissed anyway because that was an acceptable place to publicly pee and I had to go.

[Anon136]

Kind of stuck at 6500. Weird.

Would be nicer to be stuck at 21,000 but that's just me.

Next time it goes to 7500 nobody will believe it. I mean NOBODY. Which is probably when it will finally be real and be the last time.

[Last of the V8s]

[sirazimuth]

Priceless

[reactorjuno]

Nice one in M30.

[Gab0]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

[reactorjuno]

Whales waiting for ETF in September anyway they'll try to pump as usual, hoping for the average Joe to buy because every news channel will talk about the rise of BTC, a scenario we've seen countless of times.
We will see pumps 2 or 3 times in September, and if the ETF is accepted it should be epic  

[jojo69]

Priceless

it's like it's his job

[Hueristic]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

thanks, good read.

ING International Survey (sample size: 14,828, source)

    66% of Europeans, 57% of Americans and 70% of Australians have heard of cryptocurrency.
    25% of Europeans, 21% of Americans and 15% of Australians expect to own cryptocurrency in the future;
    9% of Europeans, 8% of Americans and 7% of Australians currently own some cryptocurrency.

Global Blockchain Business Council Survey (sample size: 5,761, source)

    6 out of 10 Americans have heard of Bitcoin.
    Note: This is more than 2x that of a similar survey conducted in 2013

Bank of Canada Survey (sample size: 1,997, source)

    Roughly 2/3 of Canadians have heard of Bitcoin
    Less than 3% of Canadians own any Bitcoin

Those damn Canucks always behind the curve!

My take — entry point timing is a dangerous game to play…

True but those without unlimited resources have to play this game.

[Wizard11235]

Hey, guys... what do you think about Sweden Launching Fully-Regulated Bitcoin ETN for US Investors on Wednesday? Will we see any bitcoin pump or will it not affect the price at all?

here is the link : https://cryptoslate.com/sweden-launches-fully-regulated-bitcoin-etn-for-us-investors/

[bitserve]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

thanks, good read.

ING International Survey (sample size: 14,828, source)

    66% of Europeans, 57% of Americans and 70% of Australians have heard of cryptocurrency.
    25% of Europeans, 21% of Americans and 15% of Australians expect to own cryptocurrency in the future;
    9% of Europeans, 8% of Americans and 7% of Australians currently own some cryptocurrency.

Global Blockchain Business Council Survey (sample size: 5,761, source)

    6 out of 10 Americans have heard of Bitcoin.
    Note: This is more than 2x that of a similar survey conducted in 2013

Bank of Canada Survey (sample size: 1,997, source)

    Roughly 2/3 of Canadians have heard of Bitcoin
    Less than 3% of Canadians own any Bitcoin

Those damn Canucks always behind the curve!

Or maybe they know how to properly do a survey.

There's no way in hell almost 10% of europeans or americans already hold any Bitcoin. No.Fucking.Way.

[Elwar]

Whales waiting for ETF in September anyway they'll try to pump as usual, hoping for the average Joe to buy because every news channel will talk about the rise of BTC, a scenario we've seen countless of times.
We will see pumps 2 or 3 times in September, and if the ETF is accepted it should be epic  

I can see Andreas's explanation that an ETF is bad for Bitcoin.

The premise being that the ETF holding company would be in possession of a huge amount of bitcoins, which would make them a big decision maker when it comes time for things like forks and such. Exchanges already hold a large amount of sway because of this. An ETF would just add to this.

And of course, his final point was "not your keys, not your bitcoins". Never forget.

[rolling]

Hey, guys... what do you think about Sweden Launching Fully-Regulated Bitcoin ETN for US Investors on Wednesday? Will we see any bitcoin pump or will it not affect the price at all?

here is the link : https://cryptoslate.com/sweden-launches-fully-regulated-bitcoin-etn-for-us-investors/

Sounds like nothing new. It appears to be the same ETN that KNC helped launch in 2015, just quoted in USD. I think it will have no effect.

[HairyMaclairy]

This is a lovely video.  Always makes me smile.

https://m.youtube.com/watch?v=y4SCAw264qM

[HairyMaclairy]

I went to one in Germany where it's a circle with several urinals pointing inward. I think the center fills with pee and then...profit??

Historically, they used urine to tan animal skins, so families used to all pee in a pot. Once a day it was taken and sold to the tannery.

If you had to do this to survive, you were ‘piss poor.’

But worse than that were the really poor folks who couldn’t even afford to buy a pot. They ‘didn’t have a pot to piss in’ and were considered the lowest of the low.”

[lightfoot]

This is a lovely video.  Always makes me smile.

https://m.youtube.com/watch?v=y4SCAw264qM

Roger is an android? Makes sense, he probably mined bitcoins in his nipples.

[bones261]

I went to one in Germany where it's a circle with several urinals pointing inward. I think the center fills with pee and then...profit??

Historically, they used urine to tan animal skins, so families used to all pee in a pot. Once a day it was taken and sold to the tannery.

If you had to do this to survive, you were ‘piss poor.’

But worse than that were the really poor folks who couldn’t even afford to buy a pot. They ‘didn’t have a pot to piss in’ and were considered the lowest of the low.”

  snopes claims the above story to explain these two phrases is bogus. https://www.snopes.com/fact-check/one-for-the-roads-scholar/

[Icygreen]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

Thanks, yes, nice read and stats. Do we really expect 99m people are waiting to climb on board?

Not sure if it was the bullish sentiment of the article but I've been getting that same feeling as when we left the 4k's about a year ago.  So I'll just say it again.... $6xxx feels cheap as fuck!  I'm considering the decent probability that the bottom is now.