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

[LFC_Bitcoin]

1 US dollar is currently worth 9114 sats

https://usdsat.com/

Here we go $1=1Satoshi

$1 = 1000Satoshi would be good enough 

Why prolong the agony?

$1 = 1Sat would make bitcoin the world reserve currency & some bitcoin’ers would be the richest people in the world?

I’d love it to happen as I’d be rich AF too but it’s unlikely in our lifetime imo.

[nullius]

Here we go $1=1Satoshi

$1 = 1000Satoshi would be good enough  

Sane.

^ I see what you did there

But did you see me tighten the loose O?

[Cryptotourist]

But did you see me tighten the loose O?

~ jb opens his war chest, looking for the nuke ~

[VB1001]

1 US dollar is currently worth 9114 sats

https://usdsat.com/

Here we go $1=1Satoshi

$1 = 1000Satoshi would be good enough  

Why prolong the agony?

$1 = 1Sat would make bitcoin the world reserve currency & some bitcoin’ers would be the richest people in the world?

I’d love it to happen as I’d be rich AF too but it’s unlikely in our lifetime imo.

I'm with you in this, but...

"Hal Finney" Sun, 11 Jan 2009

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html

Don't rule out any pricing option, look what they were talking about in 2009.

(I must be sick, the less BTC I have, the more bull I feel)

[alevlaslo]

September 21 has long been listed as x-day, probably tomorrow and burst the dollar bubble, stock up on popcorn

[VB1001]

Why a dollar today is worth only 4% of a dollar in 1913

https://www.in2013dollars.com/us/inflation/1913



https://thumbs.gfycat.com/WellwornFavoriteAsiaticwildass-size_restricted.gif

[LFC_Bitcoin]

@hodlonaut
Bitcoin Mining Difficulty just adjusted.
+11.35%
19,314,656,404,097
All Time High

The security of the network is now more than 10x higher than when BTC set price ATH end of 2017....
https://twitter.com/hodlonaut/status/1307629777126387712?s=21

[Syke]

We need more bottom pics.

The first google search for a bottom is...not a bottom

[xhomerx10]

We need more bottom pics.

The first google search for a bottom is...not a bottom

 Well the underwear that cover your ass and privates are called bottoms so if you're intending to call the bottom, it's a relevant image.   

[LFC_Bitcoin]

We need more bottom pics.

The first google search for a bottom is...not a bottom

[Capanatlax]

@hodlonaut
Bitcoin Mining Difficulty just adjusted.
+11.35%
19,314,656,404,097
All Time High

The security of the network is now more than 10x higher than when BTC set price ATH end of 2017....
https://twitter.com/hodlonaut/status/1307629777126387712?s=21
https://i.ibb.co/Bg1pFKq/2-B236890-665-E-4-FD3-8-F4-B-46-B142014579.jpg

Same to here anyone expected 47% volatility next friday?

bitcoin price volatility expected as 47 of btc options expire next friday
https://cointelegraph.com/news/bitcoin-price-volatility-expected-as-47-of-btc-options-expire-next-friday/

[JohnnyUranus]

#FinCENFiles – coming today at 1 pm ET and 5 pm GMT – exposes how money looted from government treasuries, scammed from pensioners, and generated through drug sales has been hidden across the world.

https://twitter.com/BuzzFeedNews

[Cryptotourist]

Bear camp:



Bull camp:




This is fine.

[aesma]

Something to ponder tho...

What is the difference between ?

1. A banking system that issues IOUs backed by Gold/Silver.

2. A future with "bitcoin banks" that issue private digital currencies backed by Bitcoin.

^{A: Nothing, nada, zilch. First it's backed 1:1 to build and insure public confidence and trust. Then it gets fractionally reserved. And finally they go off the "Bitcoin standard" (i.e., The "Gold standard" of the future) and back their private digital shitcoins with literally nothing, while they inflate them to infinity. Repeating history all over again.}

But there is a difference. Bitcoin is bitcoin.  And if a bank or anyone issues something else it is not bitcoin anymore. 

Let's use Cash App as an example.  When they make bitcoin transfers between accounts a thing, then they can do this with little to no fees because they are the custodian.  I give Torque .5 BTC, and it shows up in his account and is debited in mine.  Torque wants to get his BTC out of @Jack's hands as quickly as possible, and does a withdrawal, pays a fee and poof is in custody of his own bitcoin.

Why does this not work?  Any differntly than banks do now.  Aside from being faster and more convenient.

Will this mean there is counter party risk?  KYC/AML?  Risk that funds can be frozen... yes yes and yes.  And no one will force the mountain men like you and I to hold any meaningful amount of Bitcoin there.  But the masses most definitely will.

There IS a difference.  It is easy to withdraw bitcoin.  It is hard to withdraw gold.

I don't see a problem with this frankly. Keep your bags with your keys, use such services for day to day life with only the amount you need for a few days, transfer BTC in and out when you want as fast as you want. If people store everything they own on these "accounts" it's their problem not mine.

[bitserve]

@hodlonaut
Bitcoin Mining Difficulty just adjusted.
+11.35%
19,314,656,404,097
All Time High

The security of the network is now more than 10x higher than when BTC set price ATH end of 2017....
https://twitter.com/hodlonaut/status/1307629777126387712?s=21

Wrong. The hashrate/difficulty is more than 10x higher, not the security. It doesn't take 10x more investment to attack the network than it costed in december 2017 because current mining devices are way more efficient (per $ spent and electricity) than back then.

[VB1001]

New Legendary Hat in WO, in a few minutes, AlcoHoDL

+1sM

Congrats!!!

edit:



Done

[xhomerx10]

Bear camp:



Bull camp:




This is fine.

 Dolphin camp:



 I think they're calling bottom.

[LUCKMCFLY]

I like these statistics, I think that as time goes by, the capitalization of Bitcoin will increase much more, the reason is obvious, new investors.

Bitcoin Could 14x to $3 Trillion Says Ark Invest Analysis

Ark Invest, which focuses on investing in disruptive innovation like AI and biotech, thinks bitcoin could more than 10x in the next five years from the current $200 billion market cap to $3 trillion.

Source: https://www.trustnodes.com/2020/09/20/bitcoin-could-14x-to-3-trillion-argues-ark-invest?utm_source=dlvr.it&utm_medium=twitter

[ivomm]

New Legendary Hat in WO, in a few minutes, AlcoHoDL

+1sM

Congrats!!!

edit:



Done

Congrats AlcoHoDL!!! Well deserved!!!

[xhomerx10]

Congratulations AlcoHoDL!