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

[Karartma1]

Hi WObservers. Today I am taking a day off the charts, the barts, the cats, the cattle, the words and the CCMF.
A lot of sun outside, about to go out.

Bitcoin, come on, have some rest. 

[Last of the V8s]

Right. There will be cattle in the V8s citadel, but also lots of veggies, even wheat if you must, and you can eat whichever, as long as, however much certain parties have tried to normalise veganism and carnivory in the past, you don't bang on and on about your preferences,.

But there will not be pedos, child rape, that stuff. At all. However much certain parties have tried to normalise it in the past.

There will be no age of consent, but everyone knows that 16 year old girls' prime inner drive is to get fucked, so their dads will have to rule.

[Last of the V8s]

Arrangements will have to made with neighbouring citadels to buy in cake "for special occasions".

[El duderino_]

Did K-means (Unsupervised Machine Learning) find roughly the same clusters for PlanB
@100trillionUSD
 S2FX? Yup, it did!
With an estimated #Bitcoin prize of $247K.


https://twitter.com/burdivelam/status/1313978059381506054?s=20

[El duderino_]

51 out of 52 times a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted.

US is now at 136%.

What do you think happens next?



https://twitter.com/danheld/status/1313857021544935425?s=20

[Last of the V8s]

The Soviet Union has been falling apart for 30 years. "We have become exceedingly good at it."

https://twitter.com/BBCSteveR/status/1314135550409011200?s=20

[Last of the V8s]

[El duderino_]

Canada's central bank has sold off 1,000+ tons of gold reserves over the past fifty years, buying mainly US dollars, while an ounce of gold has gone from $35 to $1900.

You'll be delighted & flattered to hear these clowns think bitcoiners are not financially literate!




https://twitter.com/saifedean/status/1313842600407969796?s=20

[El duderino_]

Around $25b of capital needs to flow into Bitcoin to push it to $1T market cap, which will bring it into visibility as a major asset bucket.

Today $18.3b sits in USDT and USDC alone, that's even if we ignore new participants preparing for their entry.
https://twitter.com/woonomic/status/1314127879819550720?s=20

[El duderino_]

[El duderino_]

 

[Last of the V8s]

Founders Arthur Hayes and Samuel Reed have stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect. With fellow Founder Ben Delo, they will not hold executive positions in the 100x Group. Additionally, Greg Dwyer will take a leave of absence from his role as Head of Business Development.

https://blog.bitmex.com/leadership-changes-at-100x-group/

must be skiing season somewhere

[600watt]

all the national geographic documentaries about wildlife, all the books we read as kids about lions and tigers and gorillas - we always thought there is a vast and rich and enormous mammal fauna covering the entire planet.

truth is, the only thing covering the planet is us, on an exponential rate. mammal "wildlife" is a folklore, a fairy tale, a facade - an utopia from the past. welcome to the Anthropocene, get ready for a complete artificial Star Trek like environment. forests are no primeval forests but artificially planted timberland. nature is reduced to curated parks and golf course -like landscapes. we were part of nature when we gatherers and hunters. we have chosen to eat the fruit of knowledge and got kicked out of paradise. we've built our own nature. with back jack and hookers.
this train has left the station. nature is gone. the only question left to answer is how much nature we need to survive as a species. how much diversity of mammals or insects is needed for humankind to survive? maybe more than is left presently, maybe less - we will find out in the coming centuries.

this is not the usual "we are killing the planet, let's go back to gatherers and hunters to save nature" environmentalists stupidity (which unfortunately can serve as a nice source of future "eco-fascism" suppression of human rights) or the usual cultural pessimism tune of "we are going down". it is just a fact that we have to acknowledge - nature is gone, curated "nature" is the new reality.

also not suggesting that we should not try to treat animals more ethically or that we shouldn't try to preserve nature where it still exists. all this is important but we cannot escape "our" nature - which is to create our own environment globally.

[psycodad]

Thought I'd share this, made me optimistic, like a toke from the hopium bong:

<snip>
Receding volatility and little price action may be frustrating for BTC traders, but the hardcore HODLers keep calm and continue hodling. The long-term Bitcoin's fundamentals still imply that the cryptocurrency has strong bullish potential; the only question is when it will realize it.
<snip>

* psycodad sees a slight chance he will not be forced to flip burgers by 2025

[sirazimuth]

 

Put a fly on his head and you could call him Mike Pence.....

[Dabs]

also not suggesting that we should not try to treat animals more ethically or that we shouldn't try to preserve nature where it still exists. all this is important but we cannot escape "our" nature - which is to create our own environment globally.

Check this out = David Attenborough: A Life on Our Planet

It's on netflix and probably a few other places. He started by saying "we have to fix this, or else." something like that.

[LFC_Bitcoin]

@lopp
Anyone can generate a bitcoin private key.
No one can generate your bitcoin private key.

https://twitter.com/lopp/status/1313825271712108551?s=21

[fillippone]

Jack Dorsey and Square $SQ just announced they've invested around $50M into Bitcoin

https://twitter.com/stockmktnewz/status/1314189433349038082?s=21

*SQUARE: CRYPTOCURRENCY AN INSTRUMENT OF ECONOMIC EMPOWERMENT

*SQUARE INVESTS $50M IN BITCOIN

https://twitter.com/deitaone/status/1314189340726177793?s=21


Press release from Square:

SAN FRANCISCO, CA – October 8, 2020 – Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.

The MicroStrategy idea is slowly trickling down the Street.
Slowly at start, then all of a sudden!

[600watt]

observing 10737. we need to get above 10750 to get some little run up started.

[LFC_Bitcoin]

We are still early