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

[nutildah]

My Ignore list is empty. And always will be.
...
I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

That's pretty open-minded of you. I occasionally like to read posts from the Gambling section while in search of knowledge and there's often too much spam that impedes my ability to find the juicy info for which I am looking. This makes maintaining an ignore list a must as sometimes you just know that 99 times out 100 a certain account is going to write something not worth reading. I may miss out on some mildly interesting info from time to time, but that's the price to be paid for expediency.

About a year ago, I copy/pasted a huge Ignore list of mostly sig spammers, tweaking it to my specifications over the months, and it has grown in size to the point where I can no longer open the Ignore List settings in my Profile, LOL. The only way I'll be able to access it again is by manually unignoring at least 50 to 100 users as I come across them, and I don't think that's happening any time soon.

I have only a handful of WO posters on Ignore, and for the most part they stopped posting here, so it works out.

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[bitebits]

1400 bitcoins recently stolen due to the old Electrum malicious servers issue. Fortunately the original owner still seems to have the real bitcoins left /s.

https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052
https://blockchair.com/bitcoin/transaction/2db616f5b4545805dc1de59bc65b21b548c0d553ab187fa1625ef73c727f1e54

[AlcoHoDL]

My Ignore list is empty. And always will be.
...
I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

That's pretty open-minded of you. I occasionally like to read posts from the Gambling section while in search of knowledge and there's often too much spam that impedes my ability to find the juicy info for which I am looking. This makes maintaining an ignore list a must as sometimes you just know that 99 times out 100 a certain account is going to write something not worth reading. I may miss out on some mildly interesting info from time to time, but that's the price to be paid for expediency.

About a year ago, I copy/pasted a huge Ignore list of mostly sig spammers, tweaking it to my specifications over the months, and it has grown in size to the point where I can no longer open the Ignore List settings in my Profile, LOL. The only way I'll be able to access it again is by manually unignoring at least 50 to 100 users as I come across them, and I don't think that's happening any time soon.

I have only a handful of WO posters on Ignore, and for the most part they stopped posting here, so it works out.

That makes sense. Fortunately, WO is a pretty clean thread, so there aren't many users to ignore.

Also, it would help if the forum engine would completely remove (i.e., not show at all) the presence of an ignored user's post. The way it does it (i.e., showing the nickname and post header, followed by the text "This user is currently ignored.") is just too tempting for the reader to momentarily unignore the user and peek into his/her post, which kind of negates the usefulness of an Ignore list.

[JayJuanGee]

Peter R kindly helped me a lot when I was (even more of) a beginner than now

 Peter Rizun is one of those fellows that started off being helpful in the Bitcoin space, but lost all credibility after latching himself onto the BCH train, and shilling it harder than a Saigon whore.

 Sad.

I must have missed that. I don't recall Rizun ever _shilling_ anything.

Of course, he did commit the unforgivable heresy of advocating for a Bitcoin unhindered by an economically ignorant centrally planned production quota upon transaction volume.

Peter Rizun (Peter R) is a disingenuous dweeb, and uses his smarts (and even seemingly high level of technical understanding of bitcoin (and "blockchains" whatever the fuck that is?) and even some decent abilities to articulate complicated concepts) to trick/mislead people into going along with some of his bullshit disingenuine BIG blocker attacks on bitcoin, (purportedly) pumping bitcoin 2.0 projects, nonsense talking-points....

Kind of reminds me of someone... Oh wait?

[Hueristic]

By the way, I managed to withdraw everything from Bitmex before going through the latest KYC/AML doorway. Anybody still keeping funds with them must complete identification before they can trade, deposit or withdraw.

same story with Bitstamp some time ago (don't remember which year it was). Bitstamp switched to KYC/AML.

Still looking for a DEX that allows trading pairs of BTC:USD, BCH:USD, and/or BSV:USD, and is actually... you know... decentralized. Suggestions?

I think thats not possible, you need to use a stablecoin pair if you want to trade for fiat.

also I don't recognize those last two as coins.

@lightfoot, do understand a lot of them on that list, (whole forgotten about some of the real tards on that list) 

Then again I can’t understand some users.... quoting someone’s post to then tell everyone that the guy is on the ignore list

But why Always putting them on unignore .... flipping daily from ignore to unignore... = unhealthy, some guys please make up your mind 

Sometimes its easier than to let someone irritate you.
Especially useful when your trying to get through alot of threads in little time.

[JayJuanGee]

Tomorrow is the close of the monthly candle and will bring further clarity as what lies ahead.  #dyor

Do you really believe that there is any kind of material significance to monthly candles?

Are monthly candles used by anything?  Bots?   Sure, they might be displayed here and there, but really significance?

Remember, from time to time, we also have quarterly, yearly and even 4 year candles being touted about, too.

I am not proclaiming any kind of non-significance of these various candles, but I wonder if you are really seriously excited about such impending monthly candle close or you are just a tease?    

In approximately 2 to 6 weeks...miners capitulate and we see some form or another of a V pattern.

Do you really believe that miners are on the edge?  There is a lot of behind the scenes with miners, and surely over the years and the various halvenings, we have had a variety of nonsense miner death spiral theories spouted out that do not end up playing out, but seems that part of the underlying presumption of your miner capitulation theory would be that there is something unsustainable going on behind the scenes in mining.

Sure we could have a three gorges dam rupture or something catastrophic like that, but that does not seem to be being calculated in the scenario that you are conjecturing, toxic.

I look at the recent halvening and the largely stable hashing power being thrown at bitcoin with even a slightly high point after this last difficulty adjustment:

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

In my potentially rosey eyes, mining hash rate continues to appear bullish as fuck on an ongoing basis, including the difficulty adjustments that were made before and after our most recent halvening and really how steady the ongoing upward pressures on difficulty continues to seem as UPpity.  Am I missing something?

[Karartma1]

My Ignore list is empty. And always will be. It had r0ach in it once, and a couple of other users too, but I found that I occasionally unignored them to see what they were posting (yes, even r0ach), which negated the use of an Ignore list...

I do have an Ignore list, but it resides in my brain, and, combined with the scroll wheel of my mouse, lets me skip through the posts that don't interest me, while at the same time being able to peek for something important in them.

Having an Ignore list in BitcoinTalk is hard-limiting myself to the information posted, and letting a robot decide what I read or not read. I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

Brothers! The same as you.
Nobody's on my ignore list since a long time. I have a good eye spotting shit when I find it. I do recognize who are the ones worth reading and those I can easily skip.
Paradoxically, the WO could be considered a sort of spam megathread but most of the users don't realize that what can be found here can be found nowhere. Most of you are truly helpful when sharing news, facts and figures with us.
I guess we have a thousand lurkers but many are afraid to post here. They are probably in awe of your powerful magic.  

[Last of the V8s]

~ Am I missing something?

Not much really, just the fud that attacks mining all the time, whether China fud or USA, which stalls the ever-up hashrate sometimes.

CCP really wants bitcoin out of China (lol) and USA has mixed success getting it in.

[El duderino_]

observing 11700...

#metoo

#DAMNmeNOT

[JayJuanGee]

~ Am I missing something?

Not much really, just the fud that attacks mining all the time, whether China fud or USA, which stalls the ever-up hashrate sometimes.

CCP really wants bitcoin out of China (lol) and USA has mixed success getting it in.

Let's say that 2/3 of BTC mining got knocked out for a variety of reasons in the coming months, then of course, there would be drama and FUD spreading, but at the same time BTC difficulty level is going to adapt every two weeks as the hashpower changes, in order to adjust to whatever might be going on, and king daddy could give less than two shits about from where (or what jurisdiction) such hashpower comes, and king daddy gives less than two shits if 95% of the hashpower leaves.  Of course, if there is lower hashpower happens, then there could be means to attack it while using less amount of resources, too.  

Sure, I am painting extremes that could happen, and so far we have not seen major drops in BTC hashpower, so it seems very unrealistic to be speculating that any kind of such major drop of hashpower is going to happen... so in that regard, we could just sit back and say that "we will cross that bridge when we get there", if such thing were to happen..

Personally, it seems to me that a lot of the speculation and fears are overblown and over discussed because we continue to witness relative modest changes in hashpower, even if there are potentials for large changes, we do not see that on the charts, and really I suspect that there exists even some hashpower that is in the reserves that would be coming online in the event that hashpower were to drop 10% or 20% or even 30%, we would be seeing some new players coming into the scene and turning on their shelved machines.. that's my tentative hypothesis, until some kind of actual evidence shows otherwise.

observing 11700...

#metoo

#DAMNmeNOT

Complainer.  

Yeah, the BTC price is only worth what it was worth 10 hours ago.

In the past hour we have been bouncing around between $11,590 and $11,640  - bitcoin must be dying slowly and almost immeasurably.  

[fillippone]

He might be a shitcoin shiller, but how can you not love statements like this?

Most Bitcoin evangelists are small timers preaching to the choir. Bitcoin's greatest marketers are central bankers.

https://twitter.com/lopp/status/1300156269202993154?s=21

[JayJuanGee]

Another important question: why do I feel as if I'm in the Ivory Tower?

Quality of discussion today has been terrific. We're allowed to veer off topic roughly speaking if there's consensus on the new topic.

Seems to me that friends1980 has been diverted from his original mission in this here thread, which was supposed to be reading the whole thread and reporting his various findings back to us on a periodic basis.

Get back to your duties, friends1980!!!!!!!       

Got me but eerrrm, looks like you don't read everything either, since I posted about my "mission" weeks ago already

You are correct that I do not read everything in this thread.  I came to this thread around page 6560 (my first post on the forum, too), and probably, I only sporadically read through some of the pages that were already in existence prior to my entering the thread... perhaps the first 10 pages of the thread and then here and there through the next 6,500 plus pages.

I do recall seeing a couple of reports from you in this thread regarding some of your thread reading progress in recent times, but surely not as many reports that I had anticipated in the event that you had been really spending some time reading through WO historical posts.

Through the years, we have had a decent number of members who have gone back and who have brought up some historical thread posts, from time to time, and sometimes those posts are enlightening and relevant, and other times they are embarrassing.  Go figure.  We do not always either get things right nor do we stay consistent with the passage of time... of course, a decent amount of individual variance in these regards, too.

I got off to eat something about 2 hours ago, and now that I'm back, about 22 posts were added already. How the hell am I supposed to read the whole thing?

Hey.. .don't be so disgruntled.       

It's NOT like any of us is imposing any duties upon you.  You are the one who proclaimed that you were planning on reading the whole thread.  Surely, I am not completely clear about how you are going to achieve your objective, but you are the one who proclaimed to have such an objective.


From the start, I had pretty much proclaimed that I was not exactly a fan of your proposal and I was a bit unclear about how you were going to be able to fulfill such proposal.. here's my responsive post:

After almost 3 years on these boards, I've never really dared to take the leap to visiting this thread. I'm wondering how much time I'd need to start reading the WO from the very first post all the way to the last one. I'm also wondering if it'd deliver me inner peace or other life-changing insights.

I sense the seducing perfume of a challenge...

how many pages do you believe that you could reasonably read per day while attempting to maintain inner peace?  and/or to absorb such content in order to potentially work towards life-changing insights?

Even if you would be able to read 50 pages per day, it would take you 542 days, just to catch up to our current page count, so at that pace, it would not be unreasonable to project 2 years of your time (close to full time)... not sure if it would be a self-satisfying project, unless you were to give us daily or weekly summaries of your findings, which would just cause you to have to read fewer pages per day, and end up generating more pages that you would have to read if you were to engage in some kind of meaningful (inner peace and/or life-changing insights) kind of reporting of your progress.

Without more of an explanation (beyond a desire for inner peace or vague concepts of what would be life-changing insights), I am not a fan of your proposal... even though such a project probably would change your life.. just conceptually, I am not sure if it would be changed in a preferred direction.

Can we start a fund to provide my financial support during my reading of the complete WO?

I doubt that very many WO members would be very receptive to that kind of a fundraiser idea for your own voluntary proclamation and also little follow through from you, so far. 

On the other hand, since so far you have not seemed to have received much if any meaningful backlash from the mere proposal of a fund raiser, maybe taking the next step of setting up a special BTC donation address will inspire some members to donate to such fund (in the event that they do not red trust you)?   Hey, you gotta break some eggs, if you want to make an omlet, right?

(and by the way, there was an even older WO before this one, if I'm not mistaken, so make that 2 funds)

Have you made nearly zero progress on reviewing and reporting back on that thread, too?   Seems that you are going to be rolling in the dough with all the hypothetical funds that are going to be generated from these so far paper-tiger efforts.    

[Last of the V8s]

All this made-up regulation

https://www.coindesk.com/crypto-companies-fatf-bitcoin-transaction
https://www.travelruleprotocol.org/
https://intervasp.org/
https://openvasp.org/

leads the banks back to this attack

https://bitcoinmagazine.com/articles/the-real-story-behind-the-mit-chainanchor-project-for-bitcoin-1462288281

which has not gone away.

Banks could end up holding a big proportion of the coins in their custody, and try to force 'upgrades' to bitcoin or block them to lightning.

So I for one plan to withdraw as little fiat as possible in the next bull, and continue living pretty frugally and quietly (!) until the dust settles. It is too early yet in the battle between regulation and decentralisation, either their fiatised new bitcoin wins or Bitcoin does, in which latter case, I will be glad I hedl.

This is a marathon not a sprint, Bitcoin's screws tighten slowly.



tl;dr: hold the banks to account by hodling

[Last of the V8s]

https://twitter.com/lex_node/status/1299575964305768448

it's close to pointless to be a lawyer in crypto/blockchain

people with either trading or coding skills are making huge money or being super creative, or both

law is irrelevant to them & to the tech

I get how most lawyers either go native or become no-coiners

...

the regulators failed on every possible level

they could've created a compliant path for Reg A+s and Reg CFs on Ethereum and they just sat around and went after Kik and Telegram

they'll be totally lost on DeFi, I don't think they'll know where to start, it's way beyond them

good 'law' thread

[Last of the V8s]

https://www.reddit.com/r/Bitcoin/comments/ijazxn/what_lightning_network_improvements_are_down_the/ {road}

good layer 2 thread

[Wekkel]

good 'law' thread

Well, after reading twice I still can't decipher what the guy's argument is all about 

[nutildah]

shilling it harder than a Saigon whore.

I had to depart with one merit for this reference as it indicates a Vietnam War era whore as opposed to a modern whore. Because if it were such it would be referred to as a Ho Chi Minh City whore.

[BobLawblaw]

Offtopic / NFSW: From Kenosha, WI Riots: "Are we going to ignore the fact that a dude is suck off another dude in the background ? Wtf 🤣"

WARNING. Cannot unsee: https://i.imgur.com/bOAN10H.jpg

[friends1980]

-snip-

Had I been a presidential candidate, surely I'd have begged you on my knees to become my VP running mate.

edit: my most shocking findings from the first 20-so pages were that 1. staying on-topic was actually a rule mentioned in OP and 2. most charts, pictures, memes and so on, have disappeared for eternity's "Image Proxy: Invalid Image"...

[Globb0]

Offtopic / NFSW: From Kenosha, WI Riots: "Are we going to ignore the fact that a dude is suck off another dude in the background ? Wtf 🤣"

WARNING. Cannot unsee: https://i.imgur.com/bOAN10H.jpg

Is this a new trend, like people who get off on car crashes?

That's the second picture like that I saw, in the other a man was rimming this fellow up against a car. Again in the midst of a riot.