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

[jojo69]

[toknormal]

Nice pump, hope the guy who tried to drop the price hours ago bites his ass.

Lately, all fakeouts have commenced with a breakout and breakouts seem to be preceded by a fakeout - on short term charts at least. Accumulation been going on for months.

[Searing]

I see a country descending into open rebellion against its oppressive, unjust, inequitable Police State.

There is no greater symbolism of the endless systemic oppression than an agent of the state kneeling on a totally incapacitated dying man in the street.

I don't see this ending until vast swathes of the dystopian police state apparatus, ideology and funding empires are dismantled and dumped in the dustbin of history. They cannot be reformed peacefully so they will only go violently.

The people have finally woken up and The People always get the final say in matters of the nature of the state. Look it up, it's in the Constitution. There's 40 million unemployed Americans and probably tens of millions more disaffected enough to take to the streets. At most the US armed state agencies could rally perhaps a few million. In the end its just math.

Ultimately its about freedom.

When I was a kid, the police were respected members of the community, the boys in blue. They walked a beat and knew everyone by name and everyone knew them by name. We didn't fear and hate them. We respected and appreciated them.

Somewhere along the way everything changed. They switched from friendly blue to intimidating black. They started hiding their faces. They separated themselves from society. They developed an adversarial "us against them" stance and started treating the community (their bosses) as the enemy. They hid behind the anonymity of their uniforms and refused to give their names. They abdicated all personal responsibility.

What is long overdue is individual identification of all police officers. It should be mandatory for all police officers (except those on active undercover duty) be identifiable. Their names and badge numbers should be clearly displayed on the fronts and backs of all uniforms. They should also be displayed on the outside of their upper arms and thighs, so would be no doubt about the personal identity of all officers even if camera angles were obscured.

This would be an obvious first step toward re-integrating the police into decent society. Hiring practices must also be re-evaluated. As long as police officers are social pariahs, only social misfits choose to become police officers. Most normal people don't choose a career that leads to ostracism unless they are already outsiders, hence the bullied-in-the-schoolyard-and-seeking-revenge syndrome seen in so many of today's police departments. Better psychological testing must be used to weed out the violent, sadistic, authority-oriented applicants.

It's perhaps not as bad in Toronto as in most big American cities, and in fact it's getting much better since the confrontations between the public and the police during the 2010 G-20 meetings. More individual officers are making an attempt to reintegrate themselves and the evil Police Association is slowly losing it's power. It still has a long way to go though. There are still individual officers who hide behind their badges and think they're better than the law.  

Some are simply arrogant doofuses like "Officer Bubbles":

https://www.youtube.com/watch?v=PGMTm3QRwEc

Bubbles did not even lose his job.

They seem to forget who's the employee and who's the employer.

America  calls itself "The Land of the Free and the Home of the Brave". You can ask George Floyd's family about freedom, and there's nothing brave about 4 fully armed police officers murdering a handcuffed, unarmed man over a $20 non-violent crime.

The time has come to start treating police officers personally, as individual men and women, not as faceless uniform wearers, and it is time for police officers to start realizing they are members of the human race and start acting like it.

It would be best if they/we could affect this change peacefully. If not it seems like civil war is close, the people versus the state. It would be a very bloody war indeed.

When I was a kid, the President of the United States and Bankers and Corporate Officers were respected. Sh*t changes and Sh*t flows downhill...thus we are in the new gilded age of Monopolies and Power/Wealth

concentration....it likely will only get worse until some kind of 'adult supervision' in ethical business practices/wages and accountability of public officials comes to pass...but it is not gonna be soon....IMHO, sorry to say.

[TheJuice]

Nice pump, hope the guy who tried to drop the price hours ago bites his ass.

Lately, all fakeouts have commenced with a breakout and breakouts seem to be preceded by a fakeout - on short term charts at least. Accumulation been going on for months.

I think we are finally ready to break upward. We all ready.

[JayJuanGee]

When 0.0001 is worth something in fiat terms you'll be glad you hadn't. Fees will be going down proportionately in btc terms.

At that time I'll have an address with a single input. It cost me $1.73 in fiat terms today to consolidate 143 inputs on that address. Somehow I thought consolidating at low sats today better prepares a long term hodl position. Especially considering that transaction fees are likely to go up as new users create economy and network traffic.

Good job and thanks for the heads-up. I did not have to consolidate, but sent a tx with about 2sat/byte and it was included in a block within 2-3 hrs.
@JJG has a point, though, maybe it is good to keep some wallets with multiple 0.01-0.05 btc UTXO's unconsolidated (like a bunch of loose pearls [or diamonds, lol] in a jewelry box).

People who made series of 1btc paperwallets (as few were recommending about five years ago) when btc was around $200 certainly cut it in chunks that may become too big from the theoretical perspective of possible $200-300K/coin.

1 BTC per address is way more manageable than some of those earliest coinbase blocks of 50BTC per address, and some of those earlier addresses had not moved any coins, so seems kind of interesting to just pick one address at a time, but then now, the one example we have of someone who likely has linked 145 addresses to one owner... go figure.  Maybe some privacy tools might get better in the future, but of course, no guarantees of that, either.

In 2015/2016, there seemed to have been a decent number of HODLers who were consolidating BTC addresses in around the 10 BTC quantity, and so now, some of those 10BT addresses might feel like they are too many coins in one location.

But sure the multiple denominations might not necessarily be a bad way to keep some addresses in a variety of quantities and giving some flexibility, but sure of course, if currently the quantities of BTC are in the neighborhood of .01 BTC or lower, then it might well be prudent to consolidate those addresses...

I guess my point remains that sometimes it might just not be worth it to move coins around now, just for the mere sake of it without really knowing future parameters and even speculating that some BTC terms might be different 5 or 10 years from now, such as the fees might be higher..   or the blocks might be full... hahahahaha

[JimboToronto]

When I was a kid, the President of the United States and Bankers and Corporate Officers were respected. Sh*t changes and Sh*t flows downhill...thus we are in the new gilded age of Monopolies and Power/Wealth

concentration....it likely will only get worse until some kind of 'adult supervision' in ethical business practices/wages and accountability of public officials comes to pass...but it is not gonna be soon....IMHO, sorry to say.

It takes time. Anti-trust laws and labor unions didn't happen overnight, nor did the degeneration of unions from workers' collectives to extortion organizations.

Collectives are collectives, whether they are labor collectives like unions, capital collectives like banks and other corporations, political collectives like royal dynasties and communist parties, or social collectives like religions.

Collectives eventually become corrupt and must be taken down. Sometimes they can be taken down relatively peacefully like the Soviet Union. More often they require violent revolutions.

Let's hope the Bitcoin revolution is non-violent.

[JayJuanGee]

R



U



soliciting



violence?



Jo



Jo




?



 

[JayJuanGee]

Nice pump, hope the guy who tried to drop the price hours ago bites his ass.

Lately, all fakeouts have commenced with a breakout and breakouts seem to be preceded by a fakeout - on short term charts at least. Accumulation been going on for months.

I think we are finally ready to break upward. We all ready.

No!!!!!!

I would like to buy another .01BTC at $8,340.. then I will be ready.  

Can you guys just hold onto your horses a bit... I am not quite ready.

[Icygreen]

Time to consolidate those inputs.  Mempool currently clearing 1 sat/byte  

When 0.0001 is worth something in fiat terms you'll be glad you hadn't. Fees will be going down proportionately in btc terms.

I am regretting some of my earlier consolidations, and I wished that I would have kept some of my addresses separated.... sometimes some of us are "too smart" for our own good.   

Good point,  I had already decided to keep the current leg of daily DCA separated. Surely I will spend something one day and will appreciate the smaller balance wallets.

[Arriemoller]

OK, here's what I got with

4 year shift

16x price shift



Can't say I see any short-term similarities, but long-term trend is here.

Thanks, it's nice to compare.

[Arriemoller]

I see a country descending into open rebellion against its oppressive, unjust, inequitable Police State.

There is no greater symbolism of the endless systemic oppression than an agent of the state kneeling on the neck of a totally incapacitated dying man in the street.

I don't see this uprising ending until vast swathes of the dystopian police state apparatus, ideology and funding empires are dismantled and dumped in the dustbin of history. For over 50 years they have resisted all attempts to be reformed peacefully so they will only go violently.

The people have finally woken up and The People always get the final say in matters of the nature of the state. Look it up, it's in the Declaration of Independence. There's 40 million recently unemployed Americans and probably tens of millions more disaffected enough to take to the streets. At most the US armed state agencies could rally perhaps a few million. In the end its just math.

Ultimately its about freedom.

I see a bunch of, mostly young, black, and bored, people using this persons death as a bad excuse to loot and riot.
I also see in the very near future the military regaining control of your cities and restoring order.
I also see four cops being charged in the near future.
What I never see is white people rioting and looting when a white person is being shot by the police.
The poor rednecks of the trailer parks do not loot their neighborhood, if anything, they arm themselves and protect their neighborhood.
Remember, more white people are killed by the police yearly than blacks, yet no white riot.

[cAPSLOCK]

I am not sure how to read these heat maps...  But I assume that is a wall?

[jojo69]

sorry Arrie, you are wrong

it is people of all ethnicity that are fed up with the extrajudicial killings and general institutional thuggery

must be nice to live somewhere where you do not fear your police

[cAPSLOCK]

I see a country descending into open rebellion against its oppressive, unjust, inequitable Police State.

There is no greater symbolism of the endless systemic oppression than an agent of the state kneeling on the neck of a totally incapacitated dying man in the street.

I don't see this uprising ending until vast swathes of the dystopian police state apparatus, ideology and funding empires are dismantled and dumped in the dustbin of history. For over 50 years they have resisted all attempts to be reformed peacefully so they will only go violently.

The people have finally woken up and The People always get the final say in matters of the nature of the state. Look it up, it's in the Declaration of Independence. There's 40 million recently unemployed Americans and probably tens of millions more disaffected enough to take to the streets. At most the US armed state agencies could rally perhaps a few million. In the end its just math.

Ultimately its about freedom.

I see a bunch of, mostly young, black, and bored, people using this persons death as a bad excuse to loot and riot.
I also see in the very near future the military regaining control of your cities and restoring order.
I also see four cops being charged in the near future.
What I never see is white people rioting and looting when a white person is being shot by the police.
The poor rednecks of the trailer parks do not loot their neighborhood, if anything, they arm themselves and protect their neighborhood.
Remember, more white people are killed by the police yearly than blacks, yet no white riot.

https://twitter.com/nathanwpyle/status/1266843455558488070?s=20

[Room101]

I see a country descending into open rebellion against its oppressive, unjust, inequitable Police State.

There is no greater symbolism of the endless systemic oppression than an agent of the state kneeling on the neck of a totally incapacitated dying man in the street.

I don't see this uprising ending until vast swathes of the dystopian police state apparatus, ideology and funding empires are dismantled and dumped in the dustbin of history. For over 50 years they have resisted all attempts to be reformed peacefully so they will only go violently.

The people have finally woken up and The People always get the final say in matters of the nature of the state. Look it up, it's in the Declaration of Independence. There's 40 million recently unemployed Americans and probably tens of millions more disaffected enough to take to the streets. At most the US armed state agencies could rally perhaps a few million. In the end its just math.

Ultimately its about freedom.

I see a bunch of, mostly young, black, and bored, people using this persons death as a bad excuse to loot and riot.
I also see in the very near future the military regaining control of your cities and restoring order.
I also see four cops being charged in the near future.
What I never see is white people rioting and looting when a white person is being shot by the police.
The poor rednecks of the trailer parks do not loot their neighborhood, if anything, they arm themselves and protect their neighborhood.
Remember, more white people are killed by the police yearly than blacks, yet no white riot.

No white people in America usually only riot for good reasons. Like their football team losing.

[bitebits]

[...] we are well out of the long bear market now. The effects of the halving won’t be seen for months yet. The next big bull run is going to melt our faces off, definitely $100,000+ by 2022.

Are you ready?
Are your bags full?

The train won’t wait for long!

Wondering how many new people learning about Bitcoin feel the train has already left the station, even at current >$9K prices. Broker IBKR for example recently dropped the requirement of a minimum first deposit of $10K because they were losing too much retail business. Joe Average does not have a lump sum of $10k to invest, let alone in something still considered very speculative as Bitcoin.

Not being able to buy an entire bitcoin at once could discourage many from putting in any fiat at all. Think that after the next price cycle Bitcoin won’t be denominated in bitcoins anymore, as gold is generally not in kilos.

[JayJuanGee]

[...] we are well out of the long bear market now. The effects of the halving won’t be seen for months yet. The next big bull run is going to melt our faces off, definitely $100,000+ by 2022.

Are you ready?
Are your bags full?

The train won’t wait for long!

Wondering how many new people learning about Bitcoin feel the train has already left the station, even at current >$9K prices.

Going somewhat from experience, the concept of bitcoin really does not have much likelihood to sink in without face melting price moves.  That is NOT about the asset, it is more about how people tend to be.. they tend to not be able to take notice of something unless there is something dramatic and amazing going on with it, and face melting rises to  that level of attention grabbing.

Broker IBKR for example recently dropped the requirement of a minimum first deposit of $10K because they were losing too much retail business. Joe Average does not have a lump sum of $10k to invest, let alone in something still considered very speculative as Bitcoin.

Sure that bitcoin is going to garner the attention of some BIGGER time investors, but likely there is going to be a lot of ongoing inclination for retail investors, and they are going to invest all kinds of small amounts.  Sometimes just a few hundred dollars or whatever they can garner up out of the cookie jar or grandma says to buy a little, just in case.

Not being able to buy an entire bitcoin at once could discourage many from putting in any fiat at all.

Yep.. people tend to be kind of dumb in that regard, and likely causes the bitcoin prices to remain a bit lower, and those of us who have gotten over that kind of unit bias thinking are able to profit from our assymetric information position.

Think that after the next price cycle Bitcoin won’t be denominated in bitcoins anymore, as gold is generally not in kilos.

I am looking forward to our transition to satoshis... and hopefully you are correct that a unit transition might be able to be achieved in this next cycle.. perhaps?  no guarantees of course.. even if we get 10x, that is only 1 more digit, but yeah 100x might make such transition to satoshis even more practical...because it is two digits.... great.. bring us two digits.. that's 1,000,000.. which surely is harder to achieve, even though John McAfee had some confidence about $1,000,000 during the midst of the 2017 price run.

[machasm]

Mempool has finally caught up with the backlog.
Last six blocks have not been full.
Next difficulty change is likely to be in the region of 10% or so.
Everything is back to normal since the halving. Now it's ripe for our great ascension.
I know LFC is ready.
Picked up your last BTC JJG?

[JayJuanGee]

Mempool has finally caught up with the backlog.
Last six blocks have not been full.
Next difficulty change is likely to be in the region of 10% or so.
Everything is back to normal since the halving. Now it's ripe for our great ascension.
I know LFC is ready.
Picked up your last BTC JJG?

Technically, it's .01BTC or 1,000,000 satoshis.     

[Cryptotourist]

Hey JJG, any alternative cryptocurrency to suggest for investment?

<Please don't Grayscale my ass>



#nohomo