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

[LFC_Bitcoin]

Yeah, that’s a really good post by JJG. Well worth meriting!

[1642933332]

1642933332

[1642933332]

1642933332

[JayJuanGee]

Here just got another one: Bitcoin rate is growing. Become a millionaire. Get a passive income of $ 3,500 per day   

 Some people might think:  Oh $3,500 per day, I don't need that much, so even if the amount is only $350 per day, then I am good with that, so there must be some truth, even if the amount is not as much as they say, which filters out smarter peeps and really sucks in the dumbest of the dumbasses who are looking to be scammed.

[JayJuanGee]

Haven't really made my mind about it but for now I am planning to dump %15-20 of my stash for every $10k increment starting from $50k and make the final blow at $100k.

Also I'll buy back every piece I dumped if the price goes $10k lower from where I sell the coins.

For example;

Sold %20 @ $50k. Now there are 2  possibilities.

 A) the price goes down for $10k to $40k and I buy back and increase the btc amount,
 B) It goes higher and reaches $60k. Then I'll domp et again another %16-17.

If A) happens in the first round  > back to hodling
If B) happens > again another 2 possibilities A) and B) but this time it's happening @ $60k.

Will probably play that game to maximize the profits till it reaches $100k. Not really decided on anything just thinking. I may completely ignore the "buy back" part too.

I think the trick here is to avoid the unprofitable Scenario 1 and stick to Scenario 2.

Scenario 1:


Scenario 2:


So I'm going to play the "buy back" game only if the price drops significantly, like 75%.

I have done something much closer to scenario 1 in BTC since 2015, and I have done quite well for myself.  Of course, if you look in retrospect, maybe I could have done better with scenario 2, but might also cause me to behave too extremely, too.

I think that jbreher (ignoring, for a moment, his dumbass bcash bullshit) follows a similar type of scenario 1 like system in BTC, which I believe is quite profitable for him, too, in terms of his BTC stash.  Again, who cares about the possibility of any of the application to bcash or the fact that jbreher has likely diverted some or too much value to bcash or the possible application to some other shitcoins, because the application to shit coins is largely irrelevant if not a disaster in the making.

[JayJuanGee]

Oh gawd, Roach.  You are devolving into delirium.   

[bkbirge]

Interesting article, ...

Central and commercial banks are the top dogs of the world’s largest market by trading volume—the $5-trillion-a-day foreign exchange (FX) market. A closer look at the balance of power in this global industry reveals how banks could manipulate, and even dominate, cryptocurrency in an unregulated market.
...
Through policy, central banks could incentivize their commercial underlings to realize Hal Finney’s “Bitcoin bank,” replicating the fractional-reserve banking system of today using BTC as reserve currency and effectively integrating it into the world of FX.

...
If banks enter the crypto market in force and employ some of the tactics they have evidently used to dominate FX—legitimate or mischievous—heavy implications could be in store for the price discovery of cryptocurrency. Ultimately, both commercial and central banks would profit from placing fiat-style controls over crypto and subjecting the market to the same dynamics at play in FX.

https://cryptoslate.com/will-banks-inevitably-control-the-cryptocurrency-market/

[d_eddie]

Oh gawd, Roach.  You are devolving into delirium.  

Devolving? Revolving.

[Last of the V8s]

The only sport where I can sit through the whole damn thing.

It is a bit weird that Americans decided to adopt the word "football" for their sport. The foot connecting with the ball is a rarer part of the action.

Yeah I'm just about over that. In Rugby Football, which is a similar sport, it's often the way the players use their feet that marks them out as good players: the jinking run, the sidestep, the shimmy, the line and of course speed of attack; are all [edit:part of rugby] football, without kicking the thing.

[Searing]

The only sport where I can sit through the whole damn thing.

It is a bit weird that Americans decided to adopt the word "football" for their sport. The foot connecting with the ball is a rarer part of the action.

Yeah I'm just about over that. In Rugby Football, which is a similar sport, it's often the way the players use their feet that marks them out as good players: the jinking run, the sidestep, the shimmy, the line and of course speed of attack; are all football, without kicking the thing.

There was a lot more 'punting' and 'field goal' kicking and running plays. Most passes were 'laterals' (sideways/behind small airborne handoffs).

The 'invention' of the true 'forward pass' is what really doomed the name football in football.


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

[HairyMaclairy]

If jbreher uses his intelligence to deceive people

Not at all. At least never intentionally.

or to to get caught in stupid-ass technical arguments

I guess it takes a self-described technical ignoramus to openly refer to technical arguments as 'stupid-ass'.

you have a significantly large amount of misleading and misinformation in your posts

You are wrong. There is no such thing as factual information that is misleading or misinforming. I present facts, and leave the editorializing to a minimum. Any mis- is in your misattribution of ulterior motive to my actions, which causes you to invent things in my writings that are not there.

I guess the courts must have it wrong when they ask witnesses to tell the whole truth.  

Do you solemnly (swear/affirm) that you will tell the truth, the whole truth, and nothing but the truth, (so help you God/under pains and penalties of perjury)?

That’s your problem. You tell the selective, partial truth all the time, mixed with your opinion and supposition.  It is deliberately misleading.  You hide behind technical arguments which rely on narrow, outdated definitions.  

And then you get angry when you are called out. 

[El duderino_]

Bitcoin over takes PayPal in annual transaction volume at $1.3 Trillion. It is spreading.

via Imgflip Meme Generator

https://twitter.com/miiyuwa/status/1170888288221184000?s=21

[El duderino_]

via Imgflip Meme Generator

[_javi_]

.
.
.
... wall of text removed for your viewing pleasure...
.
.

Sell Price    BTC balance    BTCSell Amt  Pfolio$Value soldValue   soldTotal $47,478.00   7.00000000      0.00000000   $332,346.00   $0.00           $0.00 $47,478.00   7.00000000      1.40000000   $332,346.00   $66,469.20   $66,469.20 $56,973.60   5.60000000      1.12000000   $319,052.16   $63,810.43   $130,279.63 $68,368.32   4.48000000      0.89600000   $306,290.07   $61,258.01   $191,537.65 $82,041.98   3.58400000      0.71680000   $294,038.47   $58,807.69   $250,345.34 $98,450.38   2.86720000      0.57344000   $282,276.93   $56,455.39   $306,800.73 $118,140.46   2.29376000      0.45875200   $270,985.85   $54,197.17   $360,997.90 $141,768.55   1.83500800      0.36700160   $260,146.42   $52,029.28   $413,027.18 $170,122.26   1.46800640      0.29360128   $249,740.56   $49,948.11   $462,975.29 $204,146.71   1.17440512      0.23488102   $239,750.94   $47,950.19   $510,925.48 $244,976.05   0.93952410      0.18790482   $230,160.90   $46,032.18   $556,957.66 $293,971.26   0.75161928      0.15032386   $220,954.47   $44,190.89   $601,148.56 $352,765.51   0.60129542      0.12025908   $212,116.29   $42,423.26   $643,571.81 $423,318.62   0.48103634      0.09620727   $203,631.64   $40,726.33   $684,298.14 $507,982.34   0.38482907      0.07696581   $195,486.37   $39,097.27   $723,395.42 $609,578.81   0.30786326      0.06157265   $187,666.92   $37,533.38   $760,928.80

.
.
.
.
...this space for rent...
.
.
.
.

nah mate, you are doing it wrong... A real HODLER sells 7 BTC at $609,578.81 for a nice stack of $ 4,267,051.6 (fresh printed bills) and starts livin´ la vida loca.

Just kidding.. thats a very smart cash out program, and i should do that the next bullrun.
I´m living on ramen and noodles for being a HODLER since 2017...

[El duderino_]

Bitcoin:
- Transferred $7 trillion in value
- Settled $2 trillion of TXs
- Reached $100 billion in average cost
- Rewarded miners $14 billion
- Hit $180 billion market value
- Produces 80 exahashes per sec

Why 𝐨𝐜𝐜𝐮𝐩𝐲 Wall Street when you can 𝐫𝐞𝐩𝐥𝐚𝐜𝐞 it instead?

https://twitter.com/Rhythmtrader/status/1171026824182321152?s=20

[DaRude]

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol. You know, before the Cripple Rangers took control of the codebase. SegWit, on the other hand...

Funny, eh?

So what's the point you are trying to make?

My mistake.  I couldn't see any evidence of them in the white paper.  Thank you for clarifying that it doesn't matter whether something is mentioned in the whitepaper.

That is not what I said at all. Are you really that blind that you do not see what I am getting at? Even with your introduction of demonstrably flawed sidebars?

The initial implementation of Bitcoin - 0.1 supports all the features you list. Without recourse to explicit enabling code.
The initial implementation of Bitcoin -- and including up to and through the SegWit Omnibus Changeset Release -- did not support SegWit. Neither explicitly nor as an external implementation. Indeed, the implementation of SegWit was predicated on the most egregious change to the Bitcoin protocol ever enacted.
The features you list did not / do not require a change to the Bitcoin protocol.
SegWit did / does require a change to the Bitcoin protocol.

So when you say "it doesn't matter whether something is mentioned in the whitepaper", you're neither right nor wrong. What matters is the protocol itself. SegWit was undeniably a change to that protocol. A rather significant one. Therefore, somewhat 'less Bitcoin-y' -- at least on this axis -- than other implementations which hew to the original.

On the other hand, if some element is decidedly counter to the white paper (chain of digital signatures, anyone?), then that indeed does matter.

It’s hard to keep track of what you were saying when you keep changing it. 

Bullshit. I've been consistent. You've been persistent in finding new words to stick in my mouth.

wtf these new planes have jet engines, and cars have airbags?!?! But but none of this was in the original design!!!

OMG - but still TCP/IP ,  smtp, SWIFT, FIX  have not built in smart contracts - or did I miss u mix apples and crap?

Congrats you managed to fail on all levels, this is truly an accomplishment you should be proud of yourself

TCP/IP - https://en.wikipedia.org/wiki/IPv6
smtp - https://en.wikipedia.org/wiki/Extended_SMTP
SWIFT - https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication#SWIFTNet_Phase_2
FIX - https://en.wikipedia.org/wiki/FAST_protocol

[Wilhelm]

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol. You know, before the Cripple Rangers took control of the codebase. SegWit, on the other hand...

Funny, eh?

So what's the point you are trying to make?

My mistake.  I couldn't see any evidence of them in the white paper.  Thank you for clarifying that it doesn't matter whether something is mentioned in the whitepaper.

That is not what I said at all. Are you really that blind that you do not see what I am getting at? Even with your introduction of demonstrably flawed sidebars?

The initial implementation of Bitcoin - 0.1 supports all the features you list. Without recourse to explicit enabling code.
The initial implementation of Bitcoin -- and including up to and through the SegWit Omnibus Changeset Release -- did not support SegWit. Neither explicitly nor as an external implementation. Indeed, the implementation of SegWit was predicated on the most egregious change to the Bitcoin protocol ever enacted.
The features you list did not / do not require a change to the Bitcoin protocol.
SegWit did / does require a change to the Bitcoin protocol.

So when you say "it doesn't matter whether something is mentioned in the whitepaper", you're neither right nor wrong. What matters is the protocol itself. SegWit was undeniably a change to that protocol. A rather significant one. Therefore, somewhat 'less Bitcoin-y' -- at least on this axis -- than other implementations which hew to the original.

On the other hand, if some element is decidedly counter to the white paper (chain of digital signatures, anyone?), then that indeed does matter.

It’s hard to keep track of what you were saying when you keep changing it. 

Bullshit. I've been consistent. You've been persistent in finding new words to stick in my mouth.

wtf these new planes have jet engines, and cars have airbags?!?! But but none of this was in the original design!!!

OMG - but still TCP/IP ,  smtp, SWIFT, FIX  have not built in smart contracts - or did I miss u mix apples and crap?

Congrats you managed to fail on all levels, this is truly an accomplishment you should be proud of yourself

TCP/IP - https://en.wikipedia.org/wiki/IPv6
smtp - https://en.wikipedia.org/wiki/Extended_SMTP
SWIFT - https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication#SWIFTNet_Phase_2
FIX - https://en.wikipedia.org/wiki/FAST_protocol

WTF is this .... 

[DaRude]

Hey jbreher how would you spin EDA and bcash and BSv's current difficulty adjustment algos? what version did that come in?

[Dabs]

Actually, with a portfolio value at the start of just $332,346, he shouldn't be cashing out $66,469 in the first year, sequence of returns risk and all that. But then we don't know the situation of the hodler and might actually need the fiat.

[Globb0]

I used a oiga board it confirmed you are all gay.

But upside 10550 tomorrow

[El duderino_]

#HODLsleep!

[realr0ach]

Wow BTC hasrate is skyrocketing!

https://i.imgur.com/UEGVrkc.png

These posts are so misleading and dumb.  The hashrate can double just from Bitmain throwing away all their old ASICs and plugging in the exact same number of 7nm machines.  So *real* Bitcoin mining can even be decreasing while hash rate goes up LOL.  But what else can you expect from the peanut gallery of JayJuanGee level noob posters consisting of:  Micgoossens, VB1001, fillippone, & JayJuanGee.  All you're really witnessing is sunk cost fallacy trying to be portrayed as somehow positive.  It's the equivalent of claiming your car broke down and having to buy a new one is somehow 'bullish' for your bank account.