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

[proudhon]

Just a reminder: This is an extraordinary shorting opportunity. The higher the leverage the better based on my analysis.

Stop trying to trick naive noobs into parting with their money proudhon. It’s not cool!

I'm doing a great service using the best sources and confirmed analysis using science and maths.

[1714245846]

1714245846

[Karartma1]

following on from https://bitcointalk.org/index.php?topic=178336.msg55140469#msg55140469

https://twitter.com/BVBTC/status/1304204057448460295?s=20

snipped img

https://www.knowyourhashrate.com/

need to decentralise mining pools. right fucking now

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-August/014893.html

https://utxos.org/uses/miningpools/

Betterhash is half way there, second layers like Lightning improve the scalability of old concepts like P2Pool, and if we get it in script OP_CTV enables whole new option regarding decentralizing the coordination for pooled mining trustlessly.

https://twitter.com/brian_trollz/status/1304226468587855874?s=20

Have you seen the update on this?
https://www.coindesk.com/user-profiling-regulators-cryptocurrency-crime-fatf

[ivomm]

Shorters are soooo rekkt 

[cAPSLOCK]

The decentralization of bitcoin is a myth like the fair election of US presidents. Who has a button from the Internet - he rules the bitcoin

Aaaah who has the internet button controlsssszz the bitcoin .....

Who has the knife controlsss all in the wilderness


Btw, your whole account... what a sh*tshow

I have VERY few of these... but this one is DEFINITELY worth it.  He makes gemblitz look like a savant.

[JayJuanGee]

I will admit that I may have gotten a wee bit too excited too, in my below-captioned post from earlier...

Have a lil faith Jay Juan.

I had also made another post suggesting that the weekly candle has to close higher than $10,300 in order to be green.

Hodl my spear if you have to:



 

Yes, it appears that my excitement from a few days ago has been reached (and breached) with a breaking above $10,600 in the past 45 minutes.

Good to see.  Good to see.  We have not been here in the supra $10,600 range for 11 days, and there were moments, even in the past 24 hours that closing in the red on the weekly candle or even closing below $10k on the daily were easily within reach (within a few percentage) - but alas, did not pass.

Accordingly, we are back to a hopium statement that 4 digit BTC prices might never be possible again. Perhaps?  Perhaps?  Poor lil no coiners and precoiners who failed/refused to buy.. in the four digits, and we spent a lot of time there in the past three years... more time than some of us would have preferred, that's for sure.  

Of course, the longer that we are above $10k, the more comfortable we can become that 4 digits might be over forever and ever.

A couple of months ago (in the end of July), when we got back into this particular supra $10k streak, my assertion was that we would likely need to get above $13,880 before I would start to feel confident that 4 digits would be over, forever.  

Of course, we can look at the charts, and we can see that we did make it to $12,473 on August 17, and that was not quite enough of a high price in order to ensure that sub $10k prices would not be within striking distance, and surely we also know that a 50% to 60% price dip can even come within a bull run, and our recent correction ONLY reached as low as $9,825, which could have been characterized as a 27% price dip, at best, at its extremes.

Currently, I am thinking that the threshold of confidence for asserting that 4 digits are most likely to be over forever and ever, may have come down a wee bit - even though I don't have any kind of exact number in mind that I can proclaim with confidence..... point being is that the longer that we have these supra $10k BTC prices, even in the $11ks and $12ks, the more solid the bottom likely becomes with such passage of time and the more difficult for the bearwhales to drop king daddy prices down below $10k (even if such bearwhales are going to continue to exist at these here seemingly and relatively bargain prices).

[d_eddie]

Whoa whoa! She's climbing the stairs two at a time.

[VB1001]

Recognizing Revolutionary Potential, China Encourages Bitcoin Mining In Sichuan

This episode displays the power that Bitcoin has to radically transform economic systems in practice. Perhaps due to the pandemic, these miners are now being recognized for the real muscle they can bring to the Sichuan Province’s bustling economy, and the possibilities seem to only be expanding from here. This development can spell interesting things for the future of Bitcoin adoption worldwide.

https://www.nasdaq.com/articles/recognizing-revolutionary-potential-china-encourages-bitcoin-mining-in-sichuan-2020-09-14

"With the highest rates of bitcoin mining per capita, miners in the area have seen electricity prices as low as one cent per kilowatt hour."

[El duderino_]

Just a reminder: This is an extraordinary shorting opportunity. The higher the leverage the better based on my analysis.

Though analysis........
Highly recommended to.....
Considered as shit

[El duderino_]

https://youtu.be/Idlf_LLyi1o

^
Gogogo

Road to ATH..... continuing

Road to ATH

#stillCONTINUING

[El duderino_]

Proudhon, get used to HODLers views

#positano

Cheers

[Phil_S]

And here I am, sitting in the middle of nowhere, jealous of the Dude, who's traveling to beautiful places...

oh well.

one day.

[bitebits]

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

[LFC_Bitcoin]

Day tarding is for losers, no offence intended to anybody.

HODL

[600watt]

200 btc sell wall spotted on stamp @10775

[BobLawblaw]

[JayJuanGee]

Spread the word around,
King just turned five digits old,
in all his glory.

#haiku

We may never be able to purchase BTC for less than 5 digits again, ever.  You heard it here, first. #nohomo

Furthermore, I am not even clear if the various (perhaps 5-ish clusters, give or take 1 cluster) short-term sinkenings below 5 digits between 9/3 and 9/8 would have "officially" counted as sub 5 digits, since the BTC price never did close any daily candle below 5 digits.

In other words, if no daily candle had closed below 5 digits, did below 5 digits even happen?  #justasking  

As I type this post, I get an eery feeling that I am about to witness supra $10,600 in the near future, aka soon^tm #justsaying  

ridiculous thought
cheap coins here and there, ten fold
in just fifteen months

#haiku

I am a bit confused about the ambiguity of the nostradamus wannabe-ism(s) within your haiku.

Would you be suggesting (or would I say wannabe soothsaying?) that BTC prices are going to be around 10x higher in 15 months, or would you be suggesting that we are going to be able to purchase corn for 10x cheaper in 15 months? 

I am thinking the former rather than the later, but seems to me that your wordiology could reasonably be interpreted in either direction.

[AlcoHoDL]

I want to publicly thank proudhon, for being who he/she is, always original, always there to cheer us up. WO wouldn't be the same without you. Keep up the good work and be sure to provide your analysis of bitcoin price action. Just make sure it's confirmed before you post. This is very important. Never post unconfirmed data, as this can lead to CGFMs*, and we don't want those in WO.

Thanks again hon.

(*) CGFM: Coins Going Full Mindrust

[xhomerx10]

Just a reminder: This is an extraordinary shorting opportunity. The higher the leverage the better based on my analysis.

Stop trying to trick naive noobs into parting with their money proudhon. It’s not cool!

I'm doing a great service using the best sources and confirmed analysis using science and maths.

Im waiting to short 10672-10680 but dont all in short 100x lmfao your guarenteed to get rekt

caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

  We're back at your entry point again.  Try it now!

 

[JayJuanGee]

Sometimes you haiku.
Other times your ass gets haiku'ed.
Regardless, I hodl.

Pfiou. I'm more of a small tits kind of guy but she wears them well!

Alas, I need 100k BTC to just get 'invited' to a party where there are enough 'rich guys' to even have such 'fantasy women' show up!..sure...

I still would not have a shot..but..hey, at least then someone looking like her might 'talk to me'.

Whereas now, if I was to approach to ask directions, w/o such a party invite, I'd get maced and arrested for 'stalking' or some such. (sheesh)

Anyway, little steps BTC Hoard/HODL...little steps....soon!

damn, looked in the mirror that is a sh*t load of BTC at a 100k price tag and the odds are still long!

Brad

If/when I am rich screwing a few girls like that would be nice for sure, but I don't want to live with a gold digger.

Of course not.  None of us would want to settle down with any kind of girl like that.  Surely, it wouldn't be good.

[cAPSLOCK]

[important message embedded in an image]

need to decentralise mining pools. right fucking now

[important links]

Damn, V8s, important message posted while I was writing long thing.

The deeper problem is ASICs.  Special-purpose hardware can be controlled on the supply side.  What happens if mining hardware requires a licence to purchase?  What, you think they won’t go that far to prevent terrorist laundering and money financing?


I am in Bitcoin because it is more or less our last hope.

I intended to write of this recently...  I actually don’t believe in much of the maximalist economic stuff.  Yes, Bitcoin has long-term fundamentals and will increase in value.  No, I don’t buy that it will become a “world reserve currency”;

I know this is impossible, but I would like to know what Hal Finney would think of the overall Bitcoin situation, exchanges, forks, asics farms, long shorts, bets

He was WAAAAAY clearer on his basic positions that Satoshi seemed to be, and he also saw more deeply into the future I think.  He saw the whole decentralized censorship resistant quality to be important enough that I believe it was CLEAR that he would have been a small block supporter (I think that argument is harder to make for Satoshi, but it is trivially easy for HF, posts here reflect it) and I think if you read his posts to this forum you will see him making small block arguments.

On thing I am interested in that he foresaw that is STILL ahead of the curve as far as the community goes is the need for banks.  He saw (before anyone and even before most of us now) that existing banks, bitcoin banks, and existing payment rails would continue to be in use as this tech evolved.  He saw that bitcoin was a settlement layer before that was a thing for the rest of us.

Man, I REALLY wish he was still here.  He would be such a clear voice of reason, I believe.