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

[GreatArkansas]

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.

Huh?  Funny I still see you making misinformation's, and spinning matters.  I did not realize that I was causing it.  

Apparently you are all powerful!

Do you posses these!?!

Lol, I remember the runes of Dota2 online game here.

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[Arriemoller]

Fiat currencies. Backed by the military.

I know some of you don't like this, but I just can't hold it in.
Special forces.

[mindrust]

This is what I was telling you about that gold/btc correlation.

Gold is -%0.8 and BTC makes a nosedive. Can't be a coincidence.

Eh, stop looking for meaning in the news and other markets.  It’s just bouncing in the flag.  

Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.



Critical moments are ahead. We are almost there.

Btw if this goes below $9500 somehow, the price will touch the 137day MA. This will be the first time ever since March 25. (I remember 137D MA was somewhat important for keeping the bull run in place.)

[OROBTC]

there he is

ZH OG

reminds me how much I miss building little stonehenges out of 100oz bars since the boating accident

They tell me there are lots of dangerous lakes there in Europe.  And they're deep.  And the water is so cold, well, I'm afraid any stacks are gone for good.  Pity.  

Maybe taking along precious stuff (inc.  Ledgers with their 24 words) is not such a great idea after all.  But, taking all that stuff along with me has always seemed like a great idea.  Who wants to keep all that in some dark place at home anyway?

[NeuroticFish]

Nobody goes to the seaside after the first weekend in September.  It's considered gauche.

     Then I have to stay silent about the days 25 years ago when I was going in September

I was looking for a good photo to show how Rebel might be getting wifi in a poor village. I googled shithole European town and found a medium article where a guy was talking about going back home to visit where he grew up and facing the fact that he was from a shithole. Didnt read the article but the pics he put in it were gold for my purposes. Kudos for catching the exact place!  

Good old internet. Shows pictures for everything. And yes, I don't go for many years anymore to Romanian seaside exactly because it has become a shithole.

Holy shit man how did you know that hole in the wall! GJ

That grass and trees nobody looks after, the cars parked without logic and the "hotel" names rang some bells. But I had to search a little myself. I've been in that town far too long ago to remember such details.

[Icygreen]

That right there is funny. lol   

[VB1001]

If the incentives around Bitcoin brought together enough human willpower, intelligence, greed, creativity and memes to drive Bitcoin’s price from $0.00 to $10,000 then a $100,000 per coin seems like only a matter of time.

https://twitter.com/misir_mahmudov/status/1171525600214781952

Soon.

I've heard people say that being involved in Bitcoin is a game of speculation. Some say it's all about FUD, FOMO, Fear and Greed or following the crowd. I call BS. Let's look at the data! Here are 21 Bitcoin charts from @coinmetrics that tell a different story.

https://twitter.com/hansthered/status/1171618889945366529

Interesting graphics with comments.

[Fatman3001]

I know some of you don't like this, but I just can't hold it in.
Special forces.

I did not LOL. I swear.

[realr0ach]

What type of retard joins a standing army?

[nutildah]

I know some of you don't like this, but I just can't hold it in.
Special forces.

LOL.

I mean, hey wait a minute, cmon now lets try to be better than that!

[realr0ach]

I realize this tweet is sarcastically mocking the institutional money meme, but to me it just shows how early we really are. 

I feel with this Pets.com thing we're in for a sure landslide of profit.  Just imagine, there's like billions of pets in the world and they'll all be logging on our website to give us money.

[VB1001]

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it.

[realr0ach]

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it.

The day the through-hulls erode and you take on water and die so you don't have to hear about any more digital shitcoin scams.

[mindrust]

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it.

I don't think this means what you think it does.

You are happy when you buy a boat because you'll be experiencing new stuff which you haven't before.

You are happy when you sell it, not because the boat was a pain in the ass to maintain. It is because you have what you wanted from the boat and you are happy with the memories you have. I haven't been there done that but I imagine it makes the person even happier because you get some extra cash too by selling it.

If a person is happy just because he is getting rid of his boat, he either bought the wrong boat in the first place or he is simply bored.

I can't imagine myself being happy for selling my favorite toy.

[fillippone]

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it.

Exact same saying in Italian too: it must be true then!

<snip>

I think the way VB1001 is reporting that saying is actually how I always been told that sentences, nevertheless the one saying that to me kept buying boats! So yes, a little bit of irony is involved!

Edit: I actually lost all my private keys in a boating accident.

[psycodad]

Over the last year a ridiculous amount of hashpower has come online.  It has more than doubled since it's recent low 2018/19.

Who is adding the new machines?

Is there a new chip out there we have not really met yet?

I am seriously been waiting for a big gun like Samsung to start bringing their first chips online.

There just is not that much room to improve on either the base layer nor the logic. Silicon is at such a compressed node there are minuscule gains for the last few years and sha-256 is just a simple algorithm. Maybe there are some being kicked out on TSMC 7nm (I'm pretty sure all that capacity is spoken for way in advance right now) but even that would be exponential gains.

To get true gains would need as new substrate which it would be possible to see in this space but considering it would come from a company US owned rather than one in a dark nation there is small chance it will pop up in the blue. Similar to QC being on the horizon for the last what 5 years now?

I dunno if some chip manufacturer wanted to get their own design up and running, even if it was the same specs more or less as the existing ones... a BIG house like Samsung could spin out a wafer or two and then bring up a big pile of machines all at once...

I would expect testnet hashrate would have shown some interesting things as well...

Bitmain just announced their new S17e and T17e, the sudden spike in hash rate could be related to "burn-in" testing of these @bitmain </sarcasm>:

https://shop.bitmain.com/product/detail?pid=000201909090946242359e6UNfR00660

https://shop.bitmain.com/product/detail?pid=00020190910142542689Q3nfwAtK06CE

[JayJuanGee]

Maan $8k feels like a dream I would instabuy...

We all say that, but then when it comes we are all like, oh man I dunno...is 6k around the corner?

That moment when 50-100K is a dream, a instant buy.....

I always buy anyway. Today did it too. It is just it would be good to have more of those firesale prices before the big boom.

Already spent $500 on btc  this month. Will have another disposable income of $1000 next week. Probably will feed it to Bitcoin again.

Surely, I don't mind buying more BTC when the price goes down, but I don't really wish for it.

Probably we are in a bit of a different place, you and I.  Or alternatively, we just think slightly differently about it.

Currently, within my BTC investment fund, the ratio is about 96% bitcoin, 3% fiat and 1% shitcoins.  Therefore, a drop in value of my whole BTC portfolio drops so much of the total value that I merely prefer the BTC price to go up rather than down; however, I understand that BTC dropping from time to time is inevitable. 

Perhaps a bit of another problem that I am facing recently is a bit of a restructuring of how much I am selling.  For some reason, I think that I used to sell a bit more when the BTC price went up, maybe I was even bordering on 1.5% of the value for every 10% the BTC price went up, these days it seems to be a quite a bit less than 1% for every 10%, so maybe in that regard, I am not generating as much cash (relatively speaking) when the BTC price goes up in order to be anxious about the BTC price coming back down.

I understand that in your situation you are not selling anything, so the dips are your opportunities to "value buy" relatively speaking.

Maybe HODLers and accumulators like us start to think a bit differently, in a kind of natural way, once we feel comfortable with the amount of BTC that we have accumulated relative to our whole finances, and maybe that is part of my problem?  I came into bitcoin with a decently large lump sum, yet even though it took me more than a year to invest all of that lump sum in order to get where I wanted to be, you might not be in such position, yet, which kind of goes to show that investing can take a whole life time, but I still tentatively believe that bitcoin has a real decent chance to serve as a short cut to that whole wealth accumulation process, as long as guys, like you continue to recognize such opportunities and take action in the direction of continuing to build and accumulate and not getting too desperate with their underlying inclinations to engage in leveraging behaviors.

[becoin]

Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.

Looking at charts couple of times per month is okay. Staring at charts every day is waste of time.

[VB1001]

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it.

I don't think this means what you think it does.

You are happy when you buy a boat because you'll be experiencing new stuff which you haven't before.

You are happy when you sell it, not because the boat was a pain in the ass to maintain. It is because you have what you wanted from the boat and you are happy with the memories you have. I haven't been there done that but I imagine it makes the person even happier because you get some extra cash too by selling it.

If a person is happy just because he is getting rid of his boat, he either bought the wrong boat in the first place or he is simply bored.

I can't imagine myself being happy for selling my favorite toy.

Of course you enjoy it, but it's a constant ruin.

Mooring, revisions, a lot, a lot of fuel, the sea spoils everything, it is very beautiful but in the end you sell it and buy a smaller one if you like the sea, a powerful outboard more than enough, to go diving or do water skiing with your friends and your girls.

[JayJuanGee]

I just remember reading through the GitHub commit timeline for BSV, seeing that they had decided to keep in dozens (or hundreds) of changes made by Core and ABC devs since 0.10. Its really only "Satoshi's Vision" if you believe Wright is Satoshi. That's the only way in which the "SV" portion of BSV makes sense as its pretty far from a return to the original protocol.

Well, other than the fact that it get closer each release.

Don't remember Satoshi ever espousing data storage in the blockchain.

Yet every Bitcoin-derived blockchain is capable of storing data.

good thing that the real deal bitcoin does not attempt to incentivize such stupid-ass behaviors to take away from its actual money value use case and security on the base layer, when there are plenty of other already existing and even more efficient systems that are more than able to adequately serve those kinds of storage of data functions.

In other words, the fact that bitcoin does not get distracted by stupid ass other use cases that are not related to monetary value and monetary security, that likely means that bitcoin is going to appreciate in value (street price) way the fuck more naturally and perhaps even violently upwards than any of the bitcoin imitators that get distracted by other less important use cases, especially on their base layers.