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

[sirazimuth]

One of the reasons I like this place is because I know I'm not preaching to the choir.
If I want an echo chamber I can always go to some retarded FB group....

[bitebits]

Imagine seeing Bitcoin as just another tradeable stock. Poor future souls.

[JimboToronto]

what these bigots stood for, and all the misery they caused.

Bigotry isn't the issue. Treason is.

The generals in question took up arms against the United States of America, its government, its constitution, and its people.

I agree with Bob that it's part of history. If that means statues should be erected to commemorate traitors, perhaps statues should also be erected to commemorate Benedict Arnold and John Wilkes Booth.

They're also part of history.

[Icygreen]

Here's a new one for our history books.  
Flavor Flav & Steve Manuchin.

If you can't beat em, join em?
That's it! Cancelling my subscription to 2020

[soullyG]

I believe there is a huge difference between seeing these things as commemorative as opposed to seeing them as an artifact of history.
Clearly they were erected with the former in mind, to commemorate the POS and  what they perpetrated. (mostly bad stuff)
(thanx for those links @bkbirge)
After all, I don't believe Germany has statues of Hitler all over the place.

Germany still does have the zoo tower, that's one hell of a monument to the whole cluster-fuck.

As for the monuments, maybe we should remember the history: Replace the nice bronze statue of a guy on a horse with a large blue rubber cock and keep the monument base and plaque intact. That way they will continue to be remembered appropriately.

Hm. I'm liking the hell out of this idea.

+1 WOMerit for the both of you

the morning wall report

...

and for you too 

[sirazimuth]

what these bigots stood for, and all the misery they caused.

Bigotry isn't the issue. Treason is.

The generals in question took up arms against the United States of America, its government, its constitution, and its people.

I agree with Bob that it's part of history. If that means statues should be erected to commemorate traitors, perhaps statues should also be erected to commemorate Benedict Arnold and John Wilkes Booth.

They're also part of history.

You fundamentally don't get it Jimbo......

 



ANYWAY....
to get back off topic.....
Past ten years of bitcoin price on a random July day.

12 July 2010  $.08
1   July 2011   $15.40
12 July 2012   $9.35
14 July 2013   $94.69
13 July 2014   $626.50
12 July 2015   $310.87
10 July 2016   $649.36
16 July 2017   $1929.82
15 July 2018   $6359.64
14 July 2019   $10256.06
10 July 2020   $9179.16


(homemade with tlc and kisses for everyone)
*edit....nohomo....
*edit ....omitted "random"  for jjg...

[Toxic2040]

And another one, that just fundamentally "doesn't get it", added to the list.

I should really take a long, LONG break from this place.

Starting to really dislike it here, lately.

[LFC_Bitcoin]

And another one, that just fundamentally "doesn't get it", added to the list.

I should really take a long, LONG break from this place.

Starting to really dislike it here, lately.

Think of all the GAINZ we could make together, nooooooo.

[DaRude]

...clearly denoting what these bigots stood for, and all the misery they caused.

And another one, that just fundamentally "doesn't get it", added to the list.

I should really take a long, LONG break from this place.

Starting to really dislike it here, lately.

Leave history to the history books/museums, monuments are for exceptional people that should be idolized.

[JimboToronto]

I should really take a long, LONG break from this place.

Starting to really dislike it here, lately.

Ni pedo Bob.

Don't sweat the small change (like petty political bullshit). Life's too short.

I know you've been officially grumpy lately but try to remember that you're one of us... Bitcoin winners living happily ever after.

If being grumpy makes you happy, go for it. You've earned the right to indulge yourself in whatever form of happiness you desire.

Soon Bitcoin will soar again and we will joyfully post silly memes and all will be well again.

May as well get a head start on the happiness. Life is good. Bitcoin is good.
______

And Pollyanna optimists are annoying when you're trying to be grumpy, aren't they? 

[lightfoot]

what these bigots stood for, and all the misery they caused.

Bigotry isn't the issue. Treason is.

The generals in question took up arms against the United States of America, its government, its constitution, and its people.

I agree with Bob that it's part of history. If that means statues should be erected to commemorate traitors, perhaps statues should also be erected to commemorate Benedict Arnold and John Wilkes Booth.

They're also part of history.

There is a statue for Benedict Arnold up in Seneca NY. It's his boot from where he lost his leg in the lake battles of the Revolutionary War. Remember, the guy was a first class hero before he got fucked over by the Continental Congress and decided to go with the Brits who would treat him a lot better.

Technically his leg did not commit Treason, therefore it was worthy of a statue.

[Toxic2040]

1h


D

[Toxic2040]

                                                                                                                        

[HI-TEC99]

....
But I just keep thinking, that if you throw a coin three times and you have an eagle, it is mathematically very doubtful that you would also throw it fourth time in a row.

Fun fact....
For a coin with an eagle on one side,
 even in the very unlikely event you throw an eagle 50 times in a row, (or any number ftm) odds are still exactly the same for an eagle on the 51st throw(50%)*

 *as long as it's not a trick coin.... (also highly unlikely if 50 eagles came up in a row)

if you throw a coin three times and you got the head, it is mathematically very doubtful that you would also throw it for the fourth time in a row.

If a coin keeps coming up heads, seems to me that's prima facie evidence it's not a "fair" coin.  Something about the coin makes it come up heads.  Like the tail side is heavier, or whatever.
So you got it backwards.  The coin is actually more likely to come up heads again.
Just kidding.
Then there's this
https://en.wikipedia.org/wiki/Gambler%27s_fallacy

deja vu..........

[JayJuanGee]

When will we ever understand that.

I sincerely hope never.....

Cause it’s never to late to escape from government control and be master of your own value

Edit: many use btc to accumulate more FIAT wealth at this time only, few sees it as a store of value to secure there future wealth... and also in a further future btc Will have a high FIAT value but will be desired for its fundamentals and salability and because it will maintain value and will always be scarce ...

Ofcourse for the quick buck people... 2022 will be to late for quick gaines

Exactly!!!

There are some theories that bitcoin is designed to pump forever, but that might not be the correct mindset, but instead bitcoin is designed to hold its value forever, so if governments do not UP their game, then their currencies are going to lose out to bitcoin.. and.. surely, many of us know that value flowing into bitcoin from various fiats and even from other storages of value is not matters of if, but moreso matters of when.. so it could take a while to play out, and maybe some fiats and even some storages of value will do a bit better than others. 

It's not like I can live in a bitcoin, eat it or drink it, so I am going to have to spend some kinds of values to get these other goods, so at some point, there might be fewer less valuable cashes available, and then we will need to spend some of our bitcoins to get some of the basics of life.. which might even include those funzie consumption goods too that might not need to be named at this particular point.

[JayJuanGee]

...coinbase have confused their own business model and incentives by getting involved with a variety of shit products...

Don't understand why you think that they "confused" their own business model?
I don't want to defend Coinbase, only try to look at them like at any other business which aims to be profitable, so the only goal they have in the end is revenue.

At the very beginning, it was one of the few places where you could buy or sell BTC with FIAT using payments like bank wire or credit card to make it easy for everybody. Later they aimed at newcomers to help them buy their first BTC, but today we are 10 years further and the crypto market has changed beyond recognition. We have almost 6000 cryptocurrencies, 400 exchanges, dozens if not hundreds of custodial and non-custodial wallets, ATM's, OTC, P2P, swaps and many other ways to buy, sell, exchange, take a loan, give a loan, and do hundreds of other things with our BTC while using many different payment options available.

In my opinion, if they did not go with time, but stayed only as a place to buy and sell BTC and didn't add the exchange, all these new cryptocurrencies, officially became a wallet (although they were treated in such a way anyway), they wouldn't be currently a tycoon on this market. Who knows if they would still exist?

One could argue now whether they really need BSV, XRP, or any other shitcoins and as Bitcoin supporters, we may not like it, but in the end, Coinbase is just another business that is fully profit-oriented.

Of course, coinbase has discretion regarding what kind of shit that it pumps and the various business practices that they employ.. I don't really see any need to defend them, even if I might not have been exactly fair to them.. why give any shits about whether they could have still been a profitable business without going so far down the shitcoin road?  I am surely NOT asserting that they do not have the right to do whatever the fuck they want with their business, but I am not going to praise them or try to give them some kind of benefit of the doubt as a  whole... no need for that, ... but sure, just like coinbase can employ discretion in regarding which shitcoins they offer and some of their other lame-ass decisions, you also have discretion to defend them... I suppose.    

jbreher likes to pump them up too, I wonder why that is?      He might want to chime his picnic bear ass into the mix, as well.   

[xhomerx10]

We currently have the "Golden Cross" on a 2-day chart (MA50 crosses with 200), which has only happened 3 times so far and has always been a sign to a massive bull run.

But I just keep thinking, that if you throw a coin three times and you got the head, it is mathematically very doubtful that you would also throw it for the fourth time in a row.


https://bitcoinist.com/this-historically-accurate-bitcoin-bullish-indicator-flashes-again/

Additionally, we have just broken strong support that has shaped and maintained BTC's upward trend in the past few months, which may indicate a strong correction that is currently ahead of us.
Tough times for traders coming.


https://www.youtube.com/watch?v=y0gQSFIa90g&t=1440s

I haven't seen so many contradictory signals in BTC for a long time  

The last line of defense is actual support at 8600$ (green arrow at the screen above), once broken there will be no doubt we are going down.

I hope something totally opposite happens, fingers crossed.

 Doubt is a human emotion.  Your coin in the example has the same probability of being heads as it does being tails
  every   time   it is tossed regardless of any number of previous tosses. Much like honey badger Bitcoin, neither that coin nor the math behind it gives a fuck. (Especially regarding your doubt)

 Edit: my bad.  Animals other than humans can also have doubt. (Except the honey badger which is immune to doubt)

[BlackHatCoiner]

Bitcoin is steady for like hours.
-------
Found that:



Damn, where are you Maria??

[virasog]

[SuperTA]

"Bitcoin started selling at $0.008 in 2010.
Few years later, bitcoin is at $9,000+.
If you were given 1000 bitcoins by 2010, by now you'd have had $10million."

https://twitter.com/_onah1/status/1281665609730793473