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

[Toxic2040]

re:memes, off-topicness and toxic culture




#dyor
1h


4h

#mesmerism

[Hueristic]

All non-public communications should be encrypted.  Period.

If you only encrypt selected things, then you are red-flagging those things as “something to hide”, leaking what is in practical effect contextual metadata, and inviting targeted attackers to seek specifically the things that you wanted to encrypt.  Oops.

W0rd.

If you don't mind red-flagging yourself as the-guy-who-encrypts-everything, of course...

I've been dropping shit for those fuckers to flag for decades, hope they love storing data.

[Philipma1957cellphone]

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

You can't be serious? The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365.

So not a chance in hell. Plus the internet was *designed* to be decentralized and disaster proof.

 

a year ago today you would have say no way would the world shut down over a virus that was 1/100 as deadly as the Spanish flu

[nullius]

All non-public communications should be encrypted.  Period.

If you only encrypt selected things, then you are red-flagging those things as “something to hide”, leaking what is in practical effect contextual metadata, and inviting targeted attackers to seek specifically the things that you wanted to encrypt.  Oops.

W0rd.

If you don't mind red-flagging yourself as the-guy-who-encrypts-everything, of course...

I've been dropping shit for those fuckers to flag for decades, hope they love storing data.

Oh, of course they do!

If you don't mind red-flagging yourself as the-guy-who-encrypts-everything something, of course...

FTFY.

If all that is required to scare you into submission and deter you from perfectly legal behaviour is the risk that potentially you may get onto a little list of people-who-doing-something-perfectly-legal, then you should not use crypto at all!  Not encrypted communications—certainly not Bitcoin, which is actually more dangerous to the system and, I note, invokes many potential complications in some jurisdictions where encrypting your communications is unequivocally legal.  Why are you not worried about the potentially much worse list of Bitcoiners—which you probably KYCed yourself into, as I myself have avoided?

Also, if the mere prospect of that little list has such an impact on you, then you are so very easy to control.  Trivial.  It’s like you’re asking for it.  Enjoy slavery.

For my part, I think that it’s a little bit too late to worry about simply being on little lists.  I have probably been getting onto more and more of them ever since I was a teenager.  If I could go back in time, perhaps I may teach myself a cloak-and-dagger routine so that I could live a total double life like a deep-cover spy—well, I do live in enemy-ruled territory, i.e. anywhere in the modern world...  Anyway, as it stands, if I could be on only the list of people-who-encrypt-everything, that would probably be an improvement!

Are you so meek that in an age of tyranny, you have not even been sufficiently annoying to ever get yourself onto a little list somewhere?


N.b. that I have never been arrested.  I have no criminal record (and no reason for one).  My perspective is not one of some anarchist jailbird who has nothing to lose.  To the contrary!

Why, oh why, do I feel it’s wise to note that?  Because you are acting like encrypting your communications is quasi-illegal!  This is Nineteen Eighty-Four stuff:  Obey the unwritten laws.

[rdbase]

https://twitter.com/BtcPins

Bitcoin pin shop running on the lightning network.

https://twitter.com/CryptoCloaks

We design and manufacture 3D printed products for #Bitcoin and other Crypto Projects. Mounts / Cases / Nodes / and Art.

re:memes, off-topicness and toxic culture

Agreed Toxic.
Some people need to take one of those BTC pills and just chill.

Its about the almighty coin here and not about pseudo religious topics.


Now that is some wet ass pussay.

[nullius]

Its about the almighty coin here and not about pseudo religious topics.

http://bitcult.faith/

A lot of entities here favor worshiping the new money god that is bitcoin.
And these entities would like everyone else to follow suit and worship the same.
Such conduct is sin and corruption.

Lo!  Unwittingly as if possessed, I had acted in loyal service of the new money god that is Bitcoin!  ’Twas for that, the Divine Bitcoin lavished me with this compliment as a reward:

Nullius' sole objective is to facilitate the mass adoption of bitcoin.

A reward—and a guiding light, showing me to my true calling.

I ought to work more on this channelling of inerrant divine inspiration:

I. The Basic Laws of Bitcoin

[...]

The god of Bitcoin grants unto you full power over yourself:  No king, no priest, no judge, no senate, and no army can command or countermand your decree over your own bitcoins, as signed with the sacred mark of your private keys.

The god of Bitcoin demands that you take full responsibility for yourself:  For it is a law of Nature and Bitcoin that power and responsibility are as two sides of the same coin.

The god of Bitcoin commands, you shall keep safe your private keys.  An ye lose your private keys, the god of Bitcoin shall curse ye.  An ye let your private keys be stolen, the god of Bitcoin shall bless the thief and curse ye.

The god of Bitcoin demands obedience to the divine Law of Consensus.  The damned who hardfork without consensus are renegades, abjurers of holiness, rapine oath-breakers, frauds, sowers of discord, and traitors, who shall be consigned damnatio memoriae with their chains to eternal poverty within the depths of Tartarus, where all hashes are broken and all bits are made nothing.

[...]

The principal reason why I dropped it was my realization that too many dollar-worshippers seriously accuse Bitcoiners of a “cult mentality”.

The bottom line is that men create gods in their own images; and as societies change, so do their concepts of divinity.

[JayJuanGee]

No one will shove big amounts of money into bitcoin before the U.S. election.

I would not characterize Microstrategy's investment of $425 million as exactly NOT "big amounts of money," and I would not even suggest that  August or September (or whenever the exact dates of their purchases were not exactly NOT before the US elections.

Selling big chunks is also unlikely but not as unlikely as investing.

Do we really know?

I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Not a bad theory.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

This part seems to be true... or at least highly probable.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

Seems like a pretty damned BIG ASS generalization.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving.  A long ways off for sure.

Not a likely scenario, but surely it could happen like that.
 

I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

Volume is not exactly easy to measure.  Are you getting across all sources?
 

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

Again you are presuming that people are bored.

Some people are considerably content where bitcoin is at currently, even if it does not go shooting up to $100k in the next 3 to 24 months.

Where should the supposed anxious ones look (to the extent that they even exist)?

Defi?

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways away for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

The chance of btc staying in the 10k to 11k range from now to 2024 is under 5%.

First holy covid batman ! Ie covid is not done yet.

Second the world has been able to shut down so many businesses over covid it is stunning.
Not the USA not China not India the entire world has been shutting down and killing off many many many businesses. So what to do?

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  

This first part of your post makes sense...  and I almost sent an smerit, merely based on this making sense kind of thingie.

This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

The conclusion that you make seems detached, as if you don't even understand what the fuck bitcoin is.

Are you spending too much time translating Eth in to BTC that you forgot how BTC is distinguishable from any kind of other coin?

I am not trying to be argumentative Phillip, but sometimes it seems that you are failing to appreciate some multifaceted aspects of bitcoin, and surely, I am not taking for granted that bitcoin is not going to continue to be challenged in a variety of ways.. but merely because bitcoin has a lot of present and future struggles should not necessarily mean that we should be focusing on the obstacles rather than appreciating a lot of the progress that it has already made in terms of  a lot of the networking effects and building that has already been accomplished and is also reflected in its ongoing bullish price and as a kind of check against the various problems of traditional money and governmental systems.

Surely bitcoin is not going to solve all of the problems, but surely bitcoin is a contender in this whole space that is going to help to make and to keep traditional institutions more honest than they otherwise had been incentivized to be.

[Biodom]

My 2c about Saylor's buy of $425 mil in btc.

Contrary to everybody's enthusiasm, I found it troublesome.

1. The smart way of buying would be buying calls, then be aggressive, not making 20K tiny tx. If you have calls, then you don't care much if market moves or not as a result of your buying.

2. How he was able to find $425mil sellers without moving a market? It's not like all other buyers and sellers disappear.

Something does not compute.
To me this is an indication that market has some re-hypothecated btc and large portion of the volume is such "imaginary" btc.
It does not matter that he was able to withdraw. It simply means that they re-hypothecated even more and injected those back to exchanges.

[philipma1957]

My 2c about Saylor's buy of $425 mil in btc.

Contrary to everybody's enthusiasm, I found it troublesome.

1. The smart way of buying would be buying calls, then be aggressive, not making 20K tiny tx. If you have calls, then you don't care much if market moves or not as a result of your buying.

2. How he was able to find $425mil sellers without moving a market? It's not like all other buyers and sellers disappear.

Something does not compute.
To me this is an indication that market has some re-hypothecated btc and large portion of the volume is such "imaginary" btc.
It does not matter that he was able to withdraw. It simply means that they re-hypothecated even more and injected those back to exchanges.

I suspect the exchanges of the world have 10 to 20% of the coins they claim to have.

I imagine most volume is based on reserves they dont actually have.

[JayJuanGee]

~snip

From here on out, no more meaningless memes, Toxic... You fuck.  

I am merely a conduit...for this message.. so don't shoot me...

 Seriously JJG? You're not familiar with candy corn?  Can you not see how happy that little guy is?!
I'm pretty sure the reason he's happy is that there's a special version of him just in time for the Full Beaver Moon!

https://www.brachs.com/products/halloween/turkey-dinner-candy-corn.html

mmmm! corn

That's what really takes the steam out of the sails of a guy, gal or bot.

Toxicmoxic can never do no wrong.

It's as if he were the favorite progeny of the WO (except for bawb don't like him, but even bawbie wobbie recently kissed his lil pinky ring to make amends.. not sure about if homo or no).

No matter the meme that comes out of the send button of toxicmoxic's keyboard, or even if he pastes random imaginary shadow-like figures on indecipherable lines drawn on quasi-charts, it makes sense each of the WOs, and just jives with every last of the vibes of the masses of peeps.. seeming to make the world a more harmonious and synchronized with the blockspace.

Al contrare, whenever the lesser favorite(namely yours truly) posts any kind of seeming to be clairvoyant illustrative message none of the WO that be claim to understand such insightful profundities.

Essentially, seems like trying to piss up a rope... which could well mean that the time has come for pee pics... rather than batman slaps.  

Don't stop the memes JJG don't listen to wha toxic had to say with his meme.
You are mememaster yoda like kermit in a jedi robe! Remember that for life.

There's hope.

Seems that one wall observer peep understands my memeriology practices.

Weeeeeeee!!!!  

Back in business,

......as if nuttin had ever happened.

 


Like water off of a duck's back!!!!!!



Quack.... quack.

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

You can't be serious? The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365.

So not a chance in hell. Plus the internet was *designed* to be decentralized and disaster proof.

haahahahaha

Wow.. a conspiracy gone way too far, if even Torque does not believe it is plausible.  


 

[Biodom]

My 2c about Saylor's buy of $425 mil in btc.

Contrary to everybody's enthusiasm, I found it troublesome.

1. The smart way of buying would be buying calls, then be aggressive, not making 20K tiny tx. If you have calls, then you don't care much if market moves or not as a result of your buying.

2. How he was able to find $425mil sellers without moving a market? It's not like all other buyers and sellers disappear.

Something does not compute.
To me this is an indication that market has some re-hypothecated btc and large portion of the volume is such "imaginary" btc.
It does not matter that he was able to withdraw. It simply means that they re-hypothecated even more and injected those back to exchanges.

I suspect the exchanges of the world have 10 to 20% of the coins they claim to have.

I imagine most volume is based on reserves they dont actually have.

My sentiment: exactly.

[JayJuanGee]

My 2c about Saylor's buy of $425 mil in btc.

Contrary to everybody's enthusiasm, I found it troublesome.

1. The smart way of buying would be buying calls, then be aggressive, not making 20K tiny tx. If you have calls, then you don't care much if market moves or not as a result of your buying.

2. How he was able to find $425mil sellers without moving a market? It's not like all other buyers and sellers disappear.

Something does not compute.
To me this is an indication that market has some re-hypothecated btc and large portion of the volume is such "imaginary" btc.
It does not matter that he was able to withdraw. It simply means that they re-hypothecated even more and injected those back to exchanges.

I suspect the exchanges of the world have 10 to 20% of the coins they claim to have.

I imagine most volume is based on reserves they dont actually have.

My sentiment: exactly.

I am glad that you guys found camaraderie on that speculative feeling  -I mean - point.  

[Toxic2040]

#dyor
1h



4h

#stronghands

[Cryptotourist]

I suspect the exchanges of the world have 10 to 20% of the coins they claim to have.

I imagine most volume is based on reserves they dont actually have.

That's why I make sure, any friend who buys BTC, to take it off exchanges.
I'm literally like "if you want the price to go up, take it out from there, pronto". [that, and the "not your keys" angle]

Seems that one wall observer peep understands my memeriology practices.

Better make that two Jay.


Cowboys and aliens,
megalith observing too,
such special place.

#haiku

[notocactus]

Clear facts about Bitcoin Yearly Lows.  

• year: Calendar year
• btcprice: Lowest price of Bitcoin each year.
• percent_change: % of changes in bitcoin price between 2 consecutive years.

Results:

• In 11 observed years (2010 to 2020), 10 years witness higher yearly low price of bitcoin. The only exception is year 2015 which has 73.3% lower price compares to the price of 2014.
• Median (interquartile range): 66.1 (13.7 - 92.5). In 50% of those years, bitcoin lowest price (yearly) increase ~66%

Raw data

Code:

    +----------------------------------+
     | year   btcprice   percent_change |
     |----------------------------------|
  1. | 2010        .01                . |
  2. | 2011         .3            96.67 |
  3. | 2012          4             92.5 |
  4. | 2013         65            93.85 |
  5. | 2014        260               75 |
     |----------------------------------|
  6. | 2015        150           -73.33 |
  7. | 2016        350            57.14 |
  8. | 2017        780            55.13 |
  9. | 2018       3122            75.02 |
 10. | 2019       3322             6.02 |
     |----------------------------------|
 11. | 2020       3850            13.71 |
     +----------------------------------+

Summary

Code:

   variable |         N      mean        sd       p50       p25       p75       min       max
-------------+--------------------------------------------------------------------------------
percent_ch~e |      10.0      49.2      53.4      66.1      13.7      92.5     -73.3      96.7
----------------------------------------------------------------------------------------------

Plots

[JayJuanGee]

Seems that one wall observer peep understands my memeriology practices.

Better make that two Jay.

You are too kind - I blush.




Can we now go back to ad hominems?

[VB1001]

The Bitcoin network has passed 18,500,000 BTC in circulation. 
Less than 2,500,000 left and half of those will be mined in the next 4 years.

https://twitter.com/ChartsBtc/status/1310050097187581953


https://i.imgur.com/A5L2vpn.png

Cat hat/fuck your money , he wants to retire, he no longer wants to work,

[Paashaas]

Bitcoin has historically seen big price rallies when then Miner Position Index crosses over 0. It has just done that.

https://twitter.com/TheCryptoLark/status/1310060754737881091

[El duderino_]

If you want to see data behind the upcoming decoupling of BTC from the stock markets powered by BTC's internal adoption, here's some @glassnode data. This is the active users of BTC after filtering for unique players (ignores multi wallet addresses belong to one entity).

https://twitter.com/woonomic/status/1309837877363257344?s=21

[elrippos friend]

For anybody who are not familiar with megalith sites i'm going to post some of them. There are many more available from sites around the world. High advanced technology is required to build this and they did this thousands of years ago. How the fck they managed to bend those stones, the angles the precision is mindblowing. People lived like cavemen during that time and i refuse to believe they pulled this off with just a hammer and a chisel. If we know how to build like that we would see European medieval castles the same way i mean they where not able to translate that kind of intellect in otherday use cases, which means it would be constructed by A: a much older human civilization ore B: the Sumerians where right about those sky gods ore giants. When corn tops out next year ore so i'll cash out some and start traveling not only to for example the Bahama's, also to these places to see it with my own eye's. This will be my last post about this subject, i just wanna make people aware that Earth history is full with mysteries.

That is quite simply to explain. The history books are full of shit because some people don't want you to know what happend on this planet for real.

Example: Great Pyramids of Gize were not build by Egyptians, even Aristoteles and Plato wrote, that the Egyptians told and showed him, that they inherited those monolitic structures with the math to that and they are bound to preserving them. There are some quite good engineers from different disciplines who all say, that this is not possible with bronce chisels and stones, hence material used in the pyramids and southern America is near adamantine and much, much older (in the six figures) then stated. Even modern techniques of building are not near to the precision of the pyramids, despite a lot of engineers tried to rebuild those structures and all failed even with modern tools.

My two cents for that 

My late mom in law on her death 💀 bed pulled me and her daughter close to her and said to us “they lie”

we asked who is lying she then said “ the ones in charge”.

I always remember that moment back in dec 1994.

I could write ten thousand lies i have seen heard or read from governments news shows etc. since that day.

so here are some merits bro.

Thanky you, highly appreciated 
I am in Megalithic structures since some years and we have in middle Europe tunnels and caves which are build with a precision, despite being kilometerwise long, that modern engineers can not explain. One engineer investigating the topic and he found some evidence that shocks the most story tellers and history book writers. There is a yearly conference of megalithic structures, i can reconmend the DVD's.