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

[lightfoot]

...worthless "pound"...

ummmm


Pound soars on exit poll forecast of Tory majority

People are snapping them up as collectors items. :-) Just wait till the Brit bank "devalues" it to "save the Union".

[JayJuanGee]

C'mon 1% daily piranha traders, you miss the huge pump from 7195 to 7210. Go, eat that profit immediately!

Edit. And 3 mims later back to 7195. Nice job, guys, you got immensely rich!

Doesn't seem healthy to argue with the price and attribute players to it, especially the smaller, range bound and largely inconsequential moves.

[smartcomet]

Bitcoin miners are hurting.

The last 12 months has been the least profitable in all of the prior 5 years to be a Bitcoin miner.

There's blood on the streets.

[JayJuanGee]

Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.

I'm going to enjoy watching this unfold.

And what are they doing, exactly?  Those limeys?     

[LUCKMCFLY]

Interesting article, Bitcoin and Gold.

Bitcoin’s price has to balloon to $425,000 a pop, or a massive 5,570 percent, to equal the total supply of gold in world markets.

the correlation between the two assets is at its highest since 2016. When seen in the context of the several cases of political and economic turmoil which saw capital movement out of traditional fiat currencies and into “safe-haven” assets, this like-for-like movement makes sense.

Source: coinmetrics.io

Source: https://eng.ambcrypto.com/bitcoin-a-far-cry-from-the-valuation-of-digital-gold/

[arklan]

425k per btc to equal the ENTIRE gold supply in the market? honestly, i'm a little surprised it's that low.

but then, if i recall correctly, all the gold out there could fit in a cube 100 feet square or something insane like that.

[jbreher]

explain

In a long shameful convoluted story, I find myself with a new tricked out MacBook Pro 16", and a Time Machine brain transplant from the last machine. Not yet fully cloned. New MBP runs only Catalina. Apple has seen fit to -- get this -- prevent users from writing to the root directory of the filesystem.

Now I need to figure out how I want to map a nearly four-decade-old directory structure to the absurd dictates of my new environ.

jojo69's hell may be different - dunno.

Good news, everyone.

While it is not really well documented, there is a workaround.

Apple has created a new type of symlink-like filesystem construct. Using this synthetic link, one can create a 'ghost link' in the root of the filesystem. This link can redirect to another place in your filesystem, like any normal symlink. It does not, however, exist on disk. It is instantiated at boot. One configures these links through an fstab-like mechanism: a new file /etc/synthetic.conf.

After creating a link using this mechanism and rebooting, my filesystem looks like it used to. I am now happily restoring over 400,000 files -- over 220GB -- from Time Machine to this new phantom filesystem location. So all my old scripts and such should work just fine.

More info at man synthetic.conf.

Why Apple's second-level support was utterly unaware of this workaround is a mystery. But there you go.

[arklan]

explain

In a long shameful convoluted story, I find myself with a new tricked out MacBook Pro 16", and a Time Machine brain transplant from the last machine. Not yet fully cloned. New MBP runs only Catalina. Apple has seen fit to -- get this -- prevent users from writing to the root directory of the filesystem.

Now I need to figure out how I want to map a nearly four-decade-old directory structure to the absurd dictates of my new environ.

jojo69's hell may be different - dunno.

Good news, everyone.

While it is not really well documented, there is a workaround.

Apple has created a new type of symlink-like filesystem construct. Using this synthetic link, one can create a 'ghost link' in the root of the filesystem. This link can redirect to another place in your filesystem, like any normal symlink. It does not, however, exist on disk. It is instantiated at boot. One configures these links through an fstab-like mechanism: a new file /etc/synthetic.conf.

After creating a link using this mechanism and rebooting, my filesystem looks like it used to. I am now happily restoring over 400,000 files -- over 220GB -- from Time Machine to this new phantom filesystem location. So all my old scripts and such should work just fine.

More info at man synthetic.conf.

Why Apple's second-level support was utterly unaware of this workaround is a mystery. But there you go.

man just readying that hurt my head. i am so glad i never got into apple products...

not that windows is remotely perfect, mind you...

[DaRude]

425k per btc to equal the ENTIRE gold supply in the market? honestly, i'm a little surprised it's that low.

but then, if i recall correctly, all the gold out there could fit in a cube 100 feet square or something insane like that.

Current estimates point to there being 190.040 tonnes of gold. So BTC1 is as rare as about 9kilos of gold.

[jojo69]

man just readying that hurt my head. i am so glad i never got into apple products...

not that windows is remotely perfect, mind you...

it all sucks donkey balls

fucking computers man...sometimes I just have to go down and listen to the creek

[Icygreen]

Christine Lagarde speaking for European Central Banks on digital currencies today

My personal conviction is that given the developments we are seeing, not so much in the Bitcoin segment but in the stablecoins projects - and we only know of one at the moment but there are others being explored and underway - we better be ahead of the curve if that happens because there is clearly a demand out there that we have to respond to.

https://twitter.com/i/status/1205225680453210112

Haha, "ahead of the curve". You're only 11 years late, maybe nobody will notice. SMH
She fails to get that Bitcoin enables any 'stablecoins' existence in the first place.  Perhaps its good that she at least mentioned Bitcoin.
Here comes the stablecoin world 

[arklan]

man just readying that hurt my head. i am so glad i never got into apple products...

not that windows is remotely perfect, mind you...

it all sucks donkey balls

fucking computers man...sometimes I just have to go down and listen to the creek

gods do i hear ya. i work in video games, so i'm in the thick of it, in a way. i will often just read a book at the end of the day or work with some hand tools and actually make something...

or, you know, bust out the legos...

[Paashaas]

Boris Johnson won the election.

Trump made a deal with China.

Time to pump the stock markets to new highs. Those FAAMG stocks (Facebook, Apple, Amazon, Microsoft, and Google) bubbing even bigger than before.

[JSRAW]

Boris Johnson won the election.

2 mins silence for Jeremy

and boris https://www.youtube.com/watch?v=J-JHPElnGTI

[AlcoHoDL]

explain

In a long shameful convoluted story, I find myself with a new tricked out MacBook Pro 16", and a Time Machine brain transplant from the last machine. Not yet fully cloned. New MBP runs only Catalina. Apple has seen fit to -- get this -- prevent users from writing to the root directory of the filesystem.

Now I need to figure out how I want to map a nearly four-decade-old directory structure to the absurd dictates of my new environ.

jojo69's hell may be different - dunno.

Good news, everyone.

While it is not really well documented, there is a workaround.

Apple has created a new type of symlink-like filesystem construct. Using this synthetic link, one can create a 'ghost link' in the root of the filesystem. This link can redirect to another place in your filesystem, like any normal symlink. It does not, however, exist on disk. It is instantiated at boot. One configures these links through an fstab-like mechanism: a new file /etc/synthetic.conf.

After creating a link using this mechanism and rebooting, my filesystem looks like it used to. I am now happily restoring over 400,000 files -- over 220GB -- from Time Machine to this new phantom filesystem location. So all my old scripts and such should work just fine.

More info at man synthetic.conf.

Why Apple's second-level support was utterly unaware of this workaround is a mystery. But there you go.

man just readying that hurt my head. i am so glad i never got into apple products...

not that windows is remotely perfect, mind you...

My only Apple product was an iPhone. Using it felt like I was a kid locked in a glass house, that had to ask for permission from Daddy to do anything useful, and always had to do it the way Daddy wanted, because "Daddy knows best". Of course, some people like that. Not me.

[marcus_of_augustus]

UK rejected hardcore red socialism in favour of softcore blue socialism ... meh.

[hv_]

UK rejected hardcore red socialism in favour of softcore blue socialism ... meh.

Hm, maybe some see the EU Parliament looks more and more like the communists - make all equal - totalitarism ?

I can understand that in terms of free capitalism works better for the world

[Arriemoller]

Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.

I'm going to enjoy watching this unfold.

Only in the short term. In the longterm EU Is gonna perform a lot worse. It's a sinking ship and leaving can bring some turbulance. But once you save yourself and you reach the shore of an island you can start a better life.

Now you are making sense, gave you a merit for that.

I strongly believe that England will come out of this as the winner.
They can now start to build an alternative free trade area witch will be muck bigger than the EU, Just like they once created EFTA.

[Arriemoller]

Don't take it too seriously, when I say "I'll cut you" or I"ll beat you"

or call you "pedo guy"?

I haven't called anyone that.

Yeah I know, "don't take it too seriously" just sounded like Elon's recent defense.



don't take it too seriously

Ok I see, I won't then.

[dragonvslinux]

Here's my short term outlook on price, I won't post a new topic as it might upset people, even if it is a neutral call 

Another day, another descending triangle . I first tried drawing this on the 4hr chart, but without being able to include the support touch-point of December 2nd, I've gone with the Daily chart in order to have a minimum of 3 touch-points on both support & resistance trends, with sufficient time in between. There is an interesting difference between this descending triangle and others in Bitcoin's history however.

Unlike most of Bitcoin's descending triangles that lead to lower swing lows, the measured move target for this particular triangle is approximately $75 higher than the swing low of around $6,526. I'm therefore remaining neutral while anticipating a final-ish flush out, as the measured move target of 8% could quickly develop into a double bottom or higher low bullish scenario.

Support: $7,186
Target: $6,600
Resistance: $7,400
Breakout: 16th-21st December (after 75% of the triangle has completed)

You can ignore the indicators, they weren't meant to show up