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

[JimboToronto]

....
A device? You mean an electronic device like a cellphone or computer?

Yeah, you know, those thingys you use to store, transfer, spend, and receive bitcoin....
(and even create it it out of thin air mine it like 10 years ago, ah yes, those were the days....)

Yep. Them's the thingies. Glad you don't use 'em for storage however. Almost as insecure as the cloud.

Had my ASICs hooked up to one of them contraptions back in the day. Had enough sense to mine straight into a paper wallet though.

Probably tongue-in-cheek...

I guess I need to tune up my sarcasm meter. I almost thought he was serious.

[Ibian]

So a couple of buddies of mine just paid me some physical fiat cash for some things.
Then I just realized there's no way to scan it on a device and deposit. Phuk!
So WTF do I do with cash?
You mean I actually gotta go out and physically hand it to someone to spend or deposit it??
Well that sux....

Probably tongue-in-cheek, but if not...physical cash has one interesting property: it is difficult to attach a negative interest rate to it. A former Fed member suggested a move to negative rates recently.
Will it happen? So far, 2year and 5year notes suggest a negative answer, but it could change fast.

During all this excitement about them sending stimulus checks directly to taxpayers, a thought occurred to me.

They could just as easily remove some $ from the same accounts via some Great Restoration Emergency Act Transfer aka GREAT, or any other potential law coming down the pike in 2020-2022.
Not possible here? I doubt that impossibility since some other countries already did this. Also, remember the gold story during Great Depression I?

Negative interest would be easy. You no longer deposit money with the bank dear chattle, oh no. Instead you invest in the bank. If the bank turns a profit, you get one ten thousandth of the profit. To share of course. And if it loses money, you get the entire bill. You will not notice the difference, banks are always profitable, always, yes yes.

[Toxic2040]

....
A device? You mean an electronic device like a cellphone or computer?

Yeah you know, those things you use to store, transfer, spend, and receive bitcoin....

Don't be suggesting that Jimbo is too much of a boomer merely because he is giving practical advice, because none of us should be dissing on cash or dissing on the idea of interacting with people face to face.

There is a lot of value in keeping our interactions and our transactions plausibly deniable, which becomes a whole lot more difficult when you stick your bills into some kind of machine because you prefer them to be converted into electronic pieces that you can more easily handle.

Yeah, I know that bitcoin does not have any kind of physical component either, and surely part of the challenge that we bitcoiners are going to continue to have is to figure out ways to preserve some of our privacy and preserve the traceability of our transactions.

By the way, I think that it can be a good idea to keep a number of bills on you, even if you don't seem to like cash, but sometimes it can be nice to interact with people using cash, even if we are becoming traceable in so many other ways, with our having a digital tracking device in our pocket (aka smart phone) but we also can have some plausible deniability regarding some of our cash transactions... at least so far we have some of those kinds of freedoms if we are not so willing to give them up.

TLDR:
Cash is not the enemy.

Face to face interactions are not a bad thing.

I have met a lot of nice people face to face.. and even caused me ting-a-lings, back in the good ole days.

tbh, I don't really care about my monetary interactions being private. That horse left the stable years ago.
I have nothing to hide. I follow the law and pay my taxes.
For me, it's all about convenience.
It's why I like bitcoin, just wish everyone else would get on board, and make it like 10 times more convenient.
Meanwhile there's Venmo....

...Plus I'm too old for ting-a-lings ...wait...wtf are they anyway?

You are going to give up without even a battle?  You are not even going to complain about the loss of privacy, liberty and ting-a-lingies (that you already forgot what they feel like)?  OMG!!!!    What a world!!!  

By the way, even if you do not appreciate or use these kinds of privacy, liberty and ting-a-lingie services, you should, at least, attempt to think beyond yourself in order to attempt to appreciate the ramifications of giving up.. or if everyone were to give up, and yeah, maybe you cannot make the fight yourself, but there should be some appreciation for others engaged in a fight that attempts to preserve these, and not work against them, no?  Seems bitcoin involves some of that kind of support for privacy, liberty and ting-a-lingies.

Ting-a-lingies you say?  For sure this should be remembered.  Bills seem to useful in this regard.

[Biodom]

a couple of notes:

1. Some ^^girls think that their titties are magical...and maybe they are.

2. Both boys and girls fail simple geography question:
https://twitter.com/i/status/1254106410549460994
I wonder:
a. why this is not being taught in school?
b. why people openly admit to being so ignorant without being ashamed at the slightest?

facepalm...BTW, honestly, how many countries you can point correctly on that map, WO fellas?
My guess would be >10, but less than 50, most likely.
Correct?

[VB1001]

COMPLETED: All services are back online and fully operational. We had a technical issue with one of our third party service providers that led to this downtime. We will continue monitoring our systems but do not expect any additional issues. Thank you for your patience!

https://twitter.com/Bitstamp/status/1254209974290583552

[noormcs5]

Ting-a-lingies you say?  For sure this should be remembered.  Bills seem to useful in this regard.

[birr]

tbh, I don't really care about my monetary interactions being private. That horse left the stable years ago.
I have nothing to hide. I follow the law and pay my taxes.
For me, it's all about convenience.

You guys are falling down on the job.
Is nobody on this forum going to explain why it's a problem to have all your transactions transparent?
Would you want your bank to publish your net worth and all your transaction history on a website that everybody knows about and can easily just go look at how much money you have, who you paid, and who paid you, a website called something like "the blockchain"?
That's what you get with bitcoin.  Sure, you obey the law, so you might not have to worry about the IRS or Officer Friendly.
But
Your business competitors... the Russian hacker looking for someone to rip off...  the thug with the proverbial five dollar wrench...
It's all there, out in the open.  Where your coins came from, who sent it to you, where the coins you sent went, how much btc you had last year and how much you have now...
The five dollar wrench attack is very convenient.

So a couple of buddies of mine just paid me some physical fiat cash for some things.
Then I just realized there's no way to scan it on a device and deposit. Phuk!
So WTF do I do with cash?
You mean I actually gotta go out and physically hand it to someone to spend or deposit it??
Well that sux....

Probably tongue-in-cheek, but if not...physical cash has one interesting property: it is difficult to attach a negative interest rate to it. A former Fed member suggested a move to negative rates recently.
Will it happen? So far, 2year and 5year notes suggest a negative answer, but it could change fast.

During all this excitement about them sending stimulus checks directly to taxpayers, a thought occurred to me.

They could just as easily remove some $ from the same accounts via some Great Restoration Emergency Act Transfer aka GREAT, or any other potential law coming down the pike in 2020-2022.
Not possible here? I doubt that impossibility since some other countries already did this. Also, remember the gold story during Great Depression I?

Been done in Cyprus and Argentina.  Gov just took money from people's bank accounts.

[LUCKMCFLY]

A fresh and positive analysis.

Bitcoin is trading in a bullish zone above the $7,450 and $7,400 support levels against the US Dollar. BTC might dip a few points, but it remains well bid for a rally to $8,000.

Bitcoin is showing a lot of positive signs above the $7,400 and $7,200 support levels.
A clear break above the $7,650 resistance could open the doors for a fresh rally.
There is a short term contracting triangle forming with resistance near $7,625 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could correct a few points, but the bulls are likely to protect the $7,400 support

Source: https://www.newsbtc.com/2020/04/26/bitcoin-btc-rally-isnt-over-yet/

[lightfoot]

[Toxic2040]

a couple of notes:

1. Some ^^girls think that their titties are magical...and maybe they are.

2. Both boys and girls fail simple geography question:
https://twitter.com/i/status/1254106410549460994
I wonder:
a. why this is not being taught in school?
b. why people openly admit to being so ignorant without being ashamed at the slightest?

facepalm...BTW, honestly, how many countries you can point correctly on that map, WO fellas?
My guess would be >10, but less than 50, most likely.
Correct?

Everyone gets their ting-a-lings in different ways..magical or not.

Cat on stripper pole could work for some here. Perhaps better than magical titties.  


Im not really one to judge how ting-a-lings are garnered. I just try to enjoy them whenever possible.

----

There is some debate on whether keeping trivial knowledge stored in the ol brain bucket serves a purpose in this day and age. With the advent of smartphones and Google..some claim your just wasting space when the answer to just about any question can be had in a few seconds.

Personally I do not agree with this premise. I think cramming as much into your brain as you possibly can is beneficial, even if said knowledge is not retained over the long term.

The ability to find knowledge when needed..to be able to ask the right question at the right time, is as important if not more so than regurgitating arcane formula or texts imho.

As far as naming countries and pointing them out on a map?  Not sure I could remember all 195 and where they are located..but fairly certain I could name at least 100+. Its pretty sad to see the level of some peoples ignorance in this day and age.

[VB1001]

[JohnBitCo]

[ibrahim11]

came back to this thread after a long time

...not surprised 

[FIFA worldcup]

came back to this thread after a long time

...not surprised 

This thread does not only track the BTC movement and discussion, it also tracks the cat movements & analysis 

[xhomerx10]

a couple of notes:

1. Some ^^girls think that their titties are magical...and maybe they are.

2. Both boys and girls fail simple geography question:
https://twitter.com/i/status/1254106410549460994
I wonder:
a. why this is not being taught in school?
b. why people openly admit to being so ignorant without being ashamed at the slightest?

facepalm...BTW, honestly, how many countries you can point correctly on that map, WO fellas?
My guess would be >10, but less than 50, most likely.
Correct?

 Well duh!  No wonder they did so poorly.  That map has no labels!  If it were properly labelled, I could probably point to 5 or 6 correctly.

[VB1001]

When I was little in school we had to learn all the continents, countries, capitals of countries, political maps, seas, rivers around the world, today they don't teach any of this.
Geography and history do not matter, the educational system is disastrous.

[sirazimuth]

Well come on now, in this day and age, who needs to learn all that useless shit anyway?
One just swipes one's tethered fondle slab  ..... "Hey Siri! what's the capital of East Bumphuk? ".....

[nutildah]

When I was little in school we had to learn all the continents, countries, capitals of countries, political maps, seas, rivers around the world, today they don't teach any of this.
Geography and history do not matter, the educational system is disastrous.

I could easily name somewhere between 50 - 100 countries, and have been able to since the 5th grade (could probably name more then than now). The problem is, its just not a skill you need for anything, unless you want to be a participant on Jeopardy some day.

Well come on now, who needs to learn all that useless shit anyway?
You just swipe your fondle slab  ..... "Hey Siri! what's the capital of East Bumphuk? ".....

True B.

[sirazimuth]

phuk!
ran outta beer. As mic-duderoony says ....  hodelsleep or some such thing....

[hodl_2015]

[...CME oil...]
I'm not going to be surprised when we find out they have been manipulating that market all along.

I'm not going to be surprised when they find nothing, because the investigation was manipulated too.
Regulated institutions are regulated with one goal: to make it look like they are regulated. Don't fool yourself.