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

[Majormax]

Current news about Googles Quantum Computer may be weighing on Crypto.

By 2021 , it is theorized that 256 bit encryption could be cracked by quantum computing.

##https://interestingengineering.com/google-says-that-they-have-just-reached-quantum-supremacy


Although Quantum Computing has a tangential application set to classical computing, the current breakthrough by Google indicates things could change ... uncertain.  

This is worth keeping an eye on, because it could become an existential threat to encryption.

I have read some discussion about this previously, and I believe that SHA256 hashing is not affected (by quantum calculations) in the same way as 256 bit encryption.

...might just cause a dip in prices for now.

[bkbirge]

Just a 'sell the news' day looks like.

[LUCKMCFLY]

To brighten the day . A sexy Reference ...

[Paashaas]

Imagine being shortsighted that you believe 1 - 24 hours after the launch is a healthy timeframe to judge a new product..

People shitting on Bakkt is just disgusting.

[DaRude]

Current news about Googles Quantum Computer may be weighing on Crypto.

By 2021 , it is theorized that 256 bit encryption could be cracked by quantum computing.

##https://interestingengineering.com/google-says-that-they-have-just-reached-quantum-supremacy


Although Quantum Computing has a tangential application set to classical computing, the current breakthrough by Google indicates things could change ... uncertain.  

This is worth keeping an eye on, because it could become an existential threat to encryption.

I have read some discussion about this previously, and I believe that SHA256 hashing is not affected (by quantum calculations) in the same way as 256 bit encryption.

...might just cause a dip in prices for now.

Just don't reuse your address and you'll be fine. Or reuse it and you'll still be fine for next few yrs.

[jbreher]

This is worth keeping an eye on, because it could become an existential threat to encryption.

Good thing that Bitcoin does not employ encryption, hunh?

[Hueristic]

Below 137 MA daily



I am looking for a downward break of the pennant to scare the sheep

Fuck the Sheep, I'm scared!

...Ummm don't take that literally.

Do you need to put in a fair bit of effort to find the truly awful or is it more of a knack?

It's seems that you are kind of complimenting me without really striving for such.  

It's just kind of a random way that I do it.  Sometimes it takes me a while to find an image that I like and that I feel fits my attempted message, and other times, I find a workable image relatively quickly (sometimes a lot of images actually fit with more or less my intended message).  

Takes me forever, for instance to find that Siegfried one it took about ten minutes, Of course my memory sucks now.

Do you put "stock" in every keyword phrase?

The sordid tale of how management greed doomed the Boeing 737 Max and 346 lives.  

https://newrepublic.com/article/154944/boeing-737-max-investigation-indonesia-lion-air-ethiopian-airlines-managerial-revolution

Jesus Christ, this is why I don't watch the news anymore. I hope they fry the fuckers but I'm sure not one of them will do a day in jail and will probably come out of this with bonuses.


https://www.bbc.com/news/business-49803068

150k, that turns my stomach as well.

[jojo69]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

[Hueristic]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

I think it would take more than the second coming for that to happen.

Nite.

[JayJuanGee]

Imagine being shortsighted that you believe 1 - 24 hours after the launch is a healthy timeframe to judge a new product..

People shitting on Bakkt is just disgusting.

Hahahahahaha


You are taking today's BTC price performance and FUD spreading opportunity way too personally, Paashaas.

Shouldn't you know better?  I mean FUDsters going to FUD at any and all possible opportunities, and make BTC price connections, even when such BTC price connections are tangential, at best.

One goal of the FUD spreader is to take advantage of momentum creation to push BTC prices down as far as possible and to keep them down for as long as possible.

Yeah, right, I would surely prefer up, yet there is NOT a whole hell of a lot that any of us can do about various downs - whether expected or not, except merely to attempt to take advantage of it, when it does happen, so long as we have attempted to prepare ourselves financially for such (psychologically preparation remains important too, but if we financially prepare our lil selfies, then the psychological preparation part will be much easier to roll thru).

[JayJuanGee]

Do you need to put in a fair bit of effort to find the truly awful or is it more of a knack?

It's seems that you are kind of complimenting me without really striving for such.  

It's just kind of a random way that I do it.  Sometimes it takes me a while to find an image that I like and that I feel fits my attempted message, and other times, I find a workable image relatively quickly (sometimes a lot of images actually fit with more or less my intended message).  

Takes me forever, for instance to find that Siegfried one it took about ten minutes, Of course my memory sucks now.

Do you put "stock" in every keyword phrase?

Huh?   Never thought about the search function like that, but I suppose there are ways to skew results by adding certain words to the search, and if I were to use a word like "stock" then my search would likely become screwed rather than skewed, no?

In other words, TLDR, my answer to your above seemingly silly-ass question is:  "no."

[JayJuanGee]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

Geez!!!!!!!   So earnestly serious today, jojo.  

Are you o.k.?  

[hv_]

meh

BAKKT is a giant nothingburger

Sell the 'good' news

[soxxx]

Its crazy how much has changed in 9 months. Wonder what the next 9 months will look like 

[600watt]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

[soxxx]

Bitcoin formed a pennant formation after first major move in 2015, it had move down a few weeks prior to the pennant closing and road it up. Perhaps we will see the same?

[mersal]

Its crazy how much has changed in 9 months. Wonder what the next 9 months will look like 

I guess it will just stay in the region of $10K to $13K until the next halve of mining rewards.I hope the prices will recover from the four digits soon.

[mindrust]

I’m not even remotely bothered about price action like this any more. Just use it to accumulate, even if it’s relatively small amounts.

I love it, its a win-win, if Bitcoin goes down I can accumulate a little more, if it goes up, my net worth goes up. Ill take this any day over going sideways!

Exactly.

As long as you DCA both FIAT and BTC, you have nothing to worry. The Bulletproof strategy.

When it becomes cheap enough, direct some of your FIAT reserves to BTC and 💥 boom , in a few months you are even more richer.

[vroom]

coming up next (<7d) a new local low at $9000-9250, then leg up to $15000.

made a professional TA to support my prediction

halfway done, we are here now. need more despair, more bitcoin is dying news. a voluminous move down and a quick recovery.

[mindrust]

137DMA is being buttfucked.

Next 5-6 hours is super duper critical now.

We lost this critical battle but we don't give up!

Let's gather around the next support line. 200DMA! You shall not pass freaks