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

[kurious]

Mo pixels....

Germany?

Its Vietnam, somewhere along the Mekong delta near Hcmc? Dude playing a bamboo flute in sandals for tips with the Vietnamese 'cam on' meaning thank you written on the case.

Damn you guys are good.  I knew you wouldn’t let me down.  Yes it’s Vietnam.  More pixels pending.

Ho Chi Minh centre - near Notre Dame or War Remnants Museum?

[fillippone]

K, next up on the HairyMclarry name that street contest:

Easy one: Chicago.
https://gawker.com/392059/google-maps-catches-chicago-kid-about-to-shoot-someone

2007 Version.

[Globb0]

Is that's cats face Photoshopped? Looks a bit off.

[cryptjh]

When we zoom a little out and look at the weekly bitcoin chart, it starting to look very bullish. The chart shows the last 3 months weekly BTC on trading view.
https://twitter.com/crypt_jh

[fillippone]

According to this graph made by PlanB, after the halving of 2024 his model is calling a BTC price of USD 400,000.

I dont like this graph. Because it have same factor for every halving but emission inflation keeps decreasing. So supply pressure from freshly mined coins is smaller and smaller.   
When first halving happened in 2012. 50% of all Bitcoin was mined and daily emission of 3600 BTC gave us 0.03425% daily emission inflation what is if we multiply with 365 days = 12.5% yearly emission inflation
When last halving happened in 2016. 75% of all Bitcoin was mined and daily emission of 1800 BTC gave us 0.01142% daily emission inflation what is if we multiply with 365 days = 4.17% yearly emission inflation
At next halving next year 87% of all bitcoins will be already mined and daily emission of 900 BTC will give us 0.00489% daily emission inflation what is if we multiply with 365 days = 1.78% yearly emission inflation


12.5/4.17 is more then 4.17/1.78. So impact of halving on price of Bitcoin is decreasing.



BTW Gold average yearly mining inflation is 1.6%

I am not really getting your point.
Firstly this Stock to flow is not a new concept. As far as I know it was proposed in the bitcoin environment in by Saifedean Ammous in his book The Bitcoin Standard: The Decentralized Alternative to Central Banking.
Second stock to flow is actually the inverse of inflation rate, so if you are countering this with inflation rate you are actually using the same argument for and against this graph.
Thirdly i get you didn't get the point when saying "halving" are less and less relevant: the opposite is actually true as Stock to Flow is increasing dramatically (and this is a choice made by Satoshi when defining the protocol).

[realr0ach]

[UnDerDoG81]

I plan selling 50% of my Bitcoins. Was thinking to do that @$50k per coin. What do you guys think? Hold a bit longer and see where it goes?

We are not even close to $50k, yet, so you better hold, otherwise you will NOT even get close to meeting your plan about what to do.

Exactly what a stupid question, I plan at selling at x should I sell at 1/10 if my targeted price.

hahahahahaha

That is what I was thinking.

Frequently, these trolls come up with some doosies of a "dumb" (like you said) questions.

It was more an ironic question to show how much I believe in Bitcoin... Not my fault when people are too stupid to understand some things  ...

[realr0ach]

Firstly this Stock to flow is not a new concept. As far as I know it was proposed in the bitcoin environment in by Saifedean Ammous in his book The Bitcoin Standard: The Decentralized Alternative to Central Banking.

He did NOT invent that terminology.  It's an archaic business and economics term used for physical commodities like metals or value added goods.  Trying to rip it off and bastardize it for use for imaginary, valueless, digital shitcoins is ridiculous. Nobody "stocks" shitcoins in a store or warehouse.  Shitcoins are not a resource, value added good, a commodity, or anything else.  Shitcoins are Plato-Keynesian monetary theory imaginary widgets.

[Icygreen]

Hoan Kiem Lake near Turtle pagoda in Hanoi?

Edit: Could also be Ho Tay lake (west lake) in Hanoi. I say its Hanoi because IIRC you've worked/spent time in China and this would be an immediate holiday destination or work-cation.

[fillippone]

Firstly this Stock to flow is not a new concept. As far as I know it was proposed in the bitcoin environment in by Saifedean Ammous in his book The Bitcoin Standard: The Decentralized Alternative to Central Banking.

He did NOT invent that terminology.  It's an archaic business and economics term used for physical commodities like metals or value added goods.  Trying to rip it off and bastardize it for use for imaginary, valueless, digital shitcoins is ridiculous. Nobody "stocks" shitcoins in a store.  Shitcoins are not a resource, value added good, a commodity, or anything else.  Shitcoins are Plato-Keynesian monetary theory imaginary widgets.

If you carefully read what I wrote, You'll understand I didn't stated he invented the concept, but I stated he was the first to apply it to Bitcoin.

[kenzawak]

Coinbase, Binance, Goldman, And Other Big Crypto Players Met Behind Closed Doors To Discuss The Future Of Crypto

https://www.investinblockchain.com/coinbase-binance-goldman-other-big-crypto-players-met-behind-closed-doors-to-discuss-future-crypto/

"Following Bitcoin’s lows in December, veteran trader Hoe Lon Leng reportedly orchestrated a meeting with 2 dozen of the crypto market’s biggest players, ranging from the likes of Coinbase, Binance, Goldman, Galaxy Digital, and others, to discuss the future of crypto.

As reported by Bloomberg, the meeting was held on a luxury resort on Singapore’s Sentosa Island on January 20, where the highly influential individuals brainstormed ways to make cryptocurrencies a part of the world’s financial infrastructure.
...
Per the report, an important goal of the meeting was to create the framework for an orderly market in crypto derivatives, which is part of every new asset class’s road to acceptance.
...
The crypto derivatives focused on at the meeting are called private bilateral derivatives, otherwise known as over-the-counter (OTC) contracts. These OTC contracts are different from Bitcoin futures, as futures contracts are managed by regulated companies like CME Group."

[realr0ach]

Coinbase, Binance, Goldman, And Other Big Crypto Players Met Behind Closed Doors To Discuss The Future Of Crypto

https://www.investinblockchain.com/coinbase-binance-goldman-other-big-crypto-players-met-behind-closed-doors-to-discuss-future-crypto/

Why do you retards always post things like this pretending it's good news?  You're literally posting "Goldman Sachs tries to trick retarded goyim into using digital cashless society slave system instead of physical metals" then go, "Cool!".

[nutildah]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

That was a short spam attack period, you know damn well that was artificial and everyone knew it.

It's pretty well documented that from Nov 2017 to Feb 208 Ver-owned BTC was being sent back and forth to itself in intermittent bursts with exceptionally high fees, just so the average fee would increase and Ver could say, "Look! Bitcoin Core fees are too high!"

There's no reason to increase the block size, and if this "pushes" people into using Lightning, then good.

[somac.]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

That was a short spam attack period, you know damn well that was artificial and everyone knew it.

Yes, I remember people posting the addresses of the spammers at the time. That's the good thing about 1mb blocks, spamming gets expensive.

[Lauda]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

That was a short spam attack period, you know damn well that was artificial and everyone knew it.

Yes, I remember people posting the addresses of the spammers at the time. That's the good thing about 1mb blocks, spamming gets expensive.

Big blocks are a disaster if there isn't sufficient utility. Say you had 32 MB blocks and only < 2 MB of actual traffic. Someone could easily spam 28 MB per block for peanuts. Sustained over 1 day: 4032 MB of garbage for almost free. Good idea indeed.

[realr0ach]

and if this "pushes" people into using Lightning, then good.

Lightning incentivizes everyone to only have one channel open with a bank which then routes all of their transactions.  HOW THE FUCK IS THAT GOOD?  WHY would anyone advocate for that garbage over physical metals? Oh yea, I forgot, you're all con artist scammers who only care about trying to profit off pump and dumps even though you could just as easily make as much or more money in metals while not promoting (((digital currency))) slavery and surveillance systems.

[d_eddie]

I think the secwit was implemented in order to prevent the translation of already signed transactions from Satoshi's wallets

a small block at same reason, it was necessary to create a valid cause of secwit

if increase the block, you will have to cancel the secwit, so bitcoin does not want to leave the small block

Nothing in segwit prevents Satoshi from moving any coins. Non-segwit transactions are still 100% possible. It would be good for you to read about segwit before spewing clueless arguments.

[d_eddie]

WARNING

Quoting the Roach below!


Giving ignorers a chance
to skip it.

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Sorry for quoting the Roach, guys, but this may be worth a laugh. I was (passive-aggressively) amused.

[HairyMaclairy]

Hoan Kiem Lake near Turtle pagoda in Hanoi?

Edit: Could also be Ho Tay lake (west lake) in Hanoi. I say its Hanoi because IIRC you've worked/spent time in China and this would be an immediate holiday destination or work-cation.

Great work. Absolutely nailed it. It is Hoan Kiem Lake.  Super fast detective work Icygreen !

The turtle pagoda is visible in the background on the lake, over the shoulder of the girl in the white top, next to the girl in the red top





Hoan Kiem Lake is famous because a turtle god lives in it that gave the Vietnamese emperor a sword to fight off Chinese invaders

[Icygreen]

and if this "pushes" people into using Lightning, then good.

 even though you could just as easily make as much or more money in metals

Yer kinda funny, hows your position on silver doing again?