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

[becoin]

Don't do that!
I know a lot of people that sold all their bitcoins at $100 and then at $1000 expecting a correction that never happened. Now they hate bitcoin.

Yeah, just as you predicted that I would sell mine @5k, and then hate BTC too.
That didn't age well, did it? Give the man a break, he seems to be aware of what's good for him.

That said, I don't like that Coinbase Visa at all. BTC is so much more than that.

Btw:
30/11/2013, BTC@$1163 >>> proper correction >>> 14/01/2015, BTC@$152 | Bitstamp
It never happened!


I think we're set - this week or the next.  If only r0achie would drop by and confirm.

Using corrections to buy more bitcoins is good. Using corrections to buy back bitcoins you have sold is wrong! Once or twice you might be lucky but just one mistake and you'll never have the chance to buy back your bitcoins at the price you have sold. This is how altcoin bag holders are born!

[Cryptotourist]

Using corrections to buy more bitcoins is good.

Agreed, getting rid of fiat, is a always good thing.

Using corrections to buy back bitcoins you have sold is wrong!

Why? Isn't that what you do? Part of your stack, not your whole position.

Once or twice you might be lucky but just one mistake and you'll never have the chance to buy back your bitcoins at the price you have sold.

I think you'll get lucky every 4 years. Or so it seems anyway - if you can filter out the crap.
Surely some people sold @$20k, $15k and $10k. Same people bought @$6k, $5k, $4k and $3k.

This is how altcoin bag holders are born!

Missed the point here, sorry. You're probably suggesting that they buy back altcoins to cover for some loss? What loss?
I'm only referring to BTC here, and don't give a flying fuck about any shitcoin. Buying alts is usually a big mistake. The trick is to don't get too greedy.

[Last of the V8s]

https://suredbits.com/schnorr-series-summary/

Last in this series, perhaps the easiest to grok for the less technical types. Great summaries of most of the new stuff coming to btc

[Phil_S]

[El duderino_]

https://youtu.be/rz_Z7Gf1aRE

Worth to hear

[OutOfMemory]

https://youtu.be/rz_Z7Gf1aRE

Worth to hear

Yes and no.
It would of course be ideal to achieve "herd immunity" but there are downsides of the procedure as well as the problem of mutation.
Like the flu, you can't actually get herd immunity, and it also does a lot of damage to the economy because of people lying sick at home, not able to work.
Herd immunity against the current circulating strains of SARS2, yes. Herd immunity forever? No. This comes at a price of taking out some % of global economic power, and it also has to be a global approach, because how could you explain country A to let people in from country B, who for example are currently herd immunizing, bringing in high infection/spreading rates? Just as a simple example of global covid complexity.

Covid is still seen too much as a national problem. It's in fact a global one, in a globalized economy, many people don't see this.
We'll have to swallow, either way. There seems to be no "best practice" for all of us.
I'm only replying to you because i think you're one of the sane members on board of the WO ship 
I'll back off the discussion as soon as polarization or covid-denial posts show up

[El duderino_]

Worth to hear, not an instant solution.... reasoning....

[Karartma1]

@Jimbo I really hope everything will be ok for you! You did what was right, hopefully serious happens and no lives will be taken.

Talking strategy...
I guess we all have a point in which we would like to indulge in our deserved holding wealth. I always repeat to myself that it's a question of time. Take it like this: bitcoin is giving us time to prepare in advance for when the time is ripe. My 2 sats of course

[Cryptotourist]

https://youtu.be/rz_Z7Gf1aRE

Worth to hear

Yes and no.
It would of course be ideal to achieve "herd immunity" but there are downsides of the procedure as well as the problem of mutation.
Like the flu, you can't actually get herd immunity, and it also does a lot of damage to the economy because of people lying sick at home, not able to work.
Herd immunity against the current circulating strains of SARS2, yes. Herd immunity forever? No. This comes at a price of taking out some % of global economic power, and it also has to be a global approach, because how could you explain country A to let people in from country B, who for example are currently herd immunizing, bringing in high infection/spreading rates? Just as a simple example of global covid complexity.

Covid is still seen too much as a national problem. It's in fact a global one, in a globalized economy, many people don't see this.
We'll have to swallow, either way. There seems to be no "best practice" for all of us.
I'm only replying to you because i think you're one of the sane members on board of the WO ship 
I'll back off the discussion as soon as polarization or covid-denial posts show up

Definitely yes. I watched the whole thing, so I'll just dismiss your post, doctor.

Btw, it's a political problem. World wide social & political problem. And I surely don't deny it, nor swallow.

[El duderino_]

"If Bitcoin exists for 20 years, there will be near-universal confidence that it will be available forever, much as people believe the Internet is a permanent feature of the modern world."  @real_vijay

Only 9 to go, or maybe less.

https://twitter.com/hodloncomrades/status/1313634197995573250?s=21

https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1

[El duderino_]

22% of all US Dollars were created in 2020
https://twitter.com/rulesofthetrade/status/1313328194636845058?s=21

Is this real?

[OutOfMemory]

https://youtu.be/rz_Z7Gf1aRE

Worth to hear

Yes and no.
It would of course be ideal to achieve "herd immunity" but there are downsides of the procedure as well as the problem of mutation.
Like the flu, you can't actually get herd immunity, and it also does a lot of damage to the economy because of people lying sick at home, not able to work.
Herd immunity against the current circulating strains of SARS2, yes. Herd immunity forever? No. This comes at a price of taking out some % of global economic power, and it also has to be a global approach, because how could you explain country A to let people in from country B, who for example are currently herd immunizing, bringing in high infection/spreading rates? Just as a simple example of global covid complexity.

Covid is still seen too much as a national problem. It's in fact a global one, in a globalized economy, many people don't see this.
We'll have to swallow, either way. There seems to be no "best practice" for all of us.
I'm only replying to you becausAe i think you're one of the sane members on board of the WO ship  
I'll back off the discussion as soon as polarization or covid-denial posts show up

Definitely yes. I watched the whole thing, so I'll just dismiss your post, doctor.

Btw, it's a political problem. World wide social & political problem. And I surely don't deny it, nor swallow.

OK, sorry for that bad expression of swallowing #nohomo
We have to take cuts in some way. Cuts which secondary effects. It seems like these are quite ignored in most "solutions", generally.

And as politics are on the top of our "freedom", of course it's a political problem, also in the first place.

Worth to hear, not an instant solution.... reasoning....

Everybody taking a serious approach is worth to hear, correct.
There will be results, regardless of how the politics approach it. So i ask myself who is actually profiting by the one or other approach.
Virologists, Epidemiologists, Economists, Ecologists... Could they work together constructively, without political interference? I guess so, and it would likely be the "best" way.
And like CT wrote, it's the politics that would ignore them. If we weren't still so primitive in our very nature, we could probably well live together without those corrupt idiots on top that repeatedly ruin everything they put their hands on.

[600watt]

remember the last pump in July? it came out of nowhere. bitcoiners were bored to death, several months of sideways had erased all bullishness. the bullishness came back very very strong during that pump. if anyone posted that we would be stuck under $10600 in October, no one would have merited that.

August and September were sideways with a larger drop beginning of September. now everyone waits for the election. it is better to go sideways with some minor corrections for a longer time as if price would have unsustainably gotten too high (due to the July bullishness) too soon and print a double top on ath. 

if 2020 turns out to be only 25-30% gain in btc price it is not a catastrophe. year started around $7k.

if you want extraordinary gains you need to be extraordinary humble.

100k within 12 months? that is humble enough... 

[El duderino_]

[fillippone]

<...>



Saw this earlier today, I’ll wait to upgrade.

Have they got rid of that annoying false warning about block sizes? I think you’ll remember I was moaning about it ages ago.

I think it was unexpected block version, not sizes, but I am afraid not. They don't give a shit about that.
This is how I was dismissed:  
https://github.com/bitcoin/bitcoin/issues/16343#issue-464475255

How rude  

Sometimes I am scared by myself about how something get fixed in my mind.
I am answering this post from 10 months ago.
From today’s Bitcoin Optech Newsletter #118:

Bitcoin Core #19898 changes the “unexpected version” warnings in the debug log to be printed only when the validation log category is set, rather than unconditionally. Originally designed to alarm users that miners and users might be coordinating a soft fork activation using BIP9 versionbits, these frequent warnings had become spurious and were both unactionable and a source of unnecessary confusion for users. See Newsletter #36 for more information.

[eXPHorizon]

I can help you with that my psy lvl is over 9000

[Paashaas]

Bitcoin 30 day historic volatility has been falling fast and is in the 20's. In the past it has hit 20% vol 7 times. 6 times prices exploded higher immediately and vol hit 80% in a few months. 1 time (Nov 2018) prices fell sharply. Either way, a big move is coming soon.

https://twitter.com/RaoulGMI/status/1313804159301365760

[philipma1957]

https://youtu.be/rz_Z7Gf1aRE

Worth to hear

Yes and no.
It would of course be ideal to achieve "herd immunity" but there are downsides of the procedure as well as the problem of mutation.
Like the flu, you can't actually get herd immunity, and it also does a lot of damage to the economy because of people lying sick at home, not able to work.
Herd immunity against the current circulating strains of SARS2, yes. Herd immunity forever? No. This comes at a price of taking out some % of global economic power, and it also has to be a global approach, because how could you explain country A to let people in from country B, who for example are currently herd immunizing, bringing in high infection/spreading rates? Just as a simple example of global covid complexity.

Covid is still seen too much as a national problem. It's in fact a global one, in a globalized economy, many people don't see this.
We'll have to swallow, either way. There seems to be no "best practice" for all of us.
I'm only replying to you because i think you're one of the sane members on board of the WO ship 
I'll back off the discussion as soon as polarization or covid-denial posts show up

Definitely yes. I watched the whole thing, so I'll just dismiss your post, doctor.

Btw, it's a political problem. World wide social & political problem. And I surely don't deny it, nor swallow.

Yep because people choose to believe that it is political it then becomes political.

BTW it would all be solved if people simple stopped fucking for about a decade.

Once there are no babies people would start to become valuable as a limited resource much like BTC is non inflationary.

Just think as a human the single best action you can do is have any kind of sex, but intercourse.  Solves many of  the worlds problems. Actually gives power to the people not the politicians or big business.

Can you imagine the world population shrinking to a sustainable size and every simply having a lot of fun sex?

The chances of that are the chances of me picking a key at random and finding a 10 btc address.

[aesma]

He should have stayed in a country that is a bit less a puppet of the US.

Hard to find one these days... China, Russia, Iran... quality of life might suck.

Even so, eventually he'll get tired and decide to take a vacation on some tropical island, the plane lands, and FBI agents surprise him there with the handcuffs.

I suggested Cuba, it's already a tropical island, they like dollars without letting the US in, I'm sure some people there like BTC too...

And then... guilty for 'violating sanctions', like Bobby Fisher.

Sure, but Cuba isn't arresting people on US orders !

I just read about the Bobby Fisher story, the US can really be stupid when it wants. Bothering him decades after the fact for something minor like that !

Meanwhile actual criminals (killers) from Cuba are granted immunity in Florida...

[VB1001]

Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow
https://cointelegraph.com/news/kyrgyzstan-s-central-bank-suspends-swift-to-prevent-capital-outflow

One of the many reasons to have BTCitcoin