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

[yefi]

OT: an Altcoin rant...

Some poop, called Filecoin, is trading (FIL, first day) at $70, which with 2bil max coins means a projected market cap of 140bil.
Color me skeptical. Decentralized storage? Who gives a flying f-k?

Storage coins again? What next, a rehash of all those dumb marijuana coins?

[explorer]

OT: an Altcoin rant...

Some poop, called Filecoin, is trading (FIL, first day) at $70, which with 2bil max coins means a projected market cap of 140bil.
Color me skeptical. Decentralized storage? Who gives a flying f-k?

Storage coins again? What next, a rehash of all those dumb marijuana coins?

Some feather coin for your feather wallet.

[BobLawblaw]

Hate it when I run out of lube...

Wasn't ready for that sudden red dildo out of nowhere.

[bitebits]

https://twitter.com/raoulgmi/status/1316799049782226953


^ No pain no gain Bob, you have to be a bit of a masochist visionary to be able to hang on, that’s all.

[bitebits]

Finally:

Excited to be supporting more Bitcoin protocol development. This is a great start, but hopefully we can expand this program over time.

Thank you to @PeterMcCormack for the push on his podcast to get this over the line 🙏

https://twitter.com/brian_armstrong/status/1316832523146547200


Michael Saylor mentioned in his recent long podcast with Peter that he is going to fund a yet to be determined Bitcoin developer as well and will likely extend over time.

[bitebits]

Fun fact: The current block subsidy (6.25 btc) is the same number as the percentage of total coins (6.25%) that will be issued over the course of this current emission era. This is true for all emission eras.

https://twitter.com/c_bendiksen/status/1316793310908952576

[Arriemoller]

Bitcoin bla bla, schnorr bla bla.

Here's a cat picture

I took out a transport cage to clean it up this summer, went back in to get some water and paper and when I came back out five feral cats had decided to take a nap in it, I postponed the cleaning and took a picture instead.

[Karartma1]

Schnorr and Taproot Upgrade Proposal Merged Into Bitcoin Core.

The implementation of the Schnorr/Taproot consensus rules has been merged into Bitcoin Core. However, the upgrade's activation method has yet to be determined.

The pull request was originally created by Bitcoin Core contributor Pieter Wuille on September 13th and has gone through extensive review and testing over the past month. Over 150 developers also participated in a 7-week review club for the proposal which was led by Anthony Towns back in November of 2019.

This upgrade has been highly anticipated due to its potential to increase Bitcoin’s smart contract capabilities while simultaneously benefiting its transactional privacy.

God save us from any upgrade's activation method debate! I am not ready for a segwit, no2x, big block kind of drama now. We have other things to do.  

Like what?

Sit around twittling our thumbs?


 

Sorry, Jay, Royal We was used there. 

[El duderino_]

Schnorr and Taproot Upgrade Proposal Merged Into Bitcoin Core.

Like what?

Sit around twittling our thumbs?


 

Yes... PlanB has been struggling, and suffering dearly....

Stock to flow is ded.

RIP.....

 

Very merit’able post..... I see a big decrease in words by JJG, lot of merit in that

[Karartma1]

Price goes down, less words. That's math & science dude.

[marcus_of_augustus]

Price goes down, less words. That's math & science dude.

... it's just life at the wall

[600watt]

observing a 800btc buy wall at $11290 at fines getting challenged.

it has been a long time for me to observe such a wall.


Woah..being eaten!


going down!


edit: wall is getting pulled and put back at lower/higher prices. only 656 btc left

edit2: looks like the wall was able to hold the price. it is gone now, price at 11333

[WastedLTC]

could be the reason for the small drop...     buy the dip


https://cointelegraph.com/news/btc-and-okb-plunge-after-okex-suspends-withdrawals

"Major exchange OKEx suddenly suspended crypto withdrawals while one its key custodians cooperates with an investigation, shaking the crypto markets

Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” concerning ongoing “investigations.”

The exchange noted that it has been “out of touch” with the key-holder, preventing the "associated authorization" from being completed. OKEx plans to resume digital asset withdrawals “immediately” once the key-holder “is able to authorize the transaction.”"

[600watt]

could be the reason for the small drop...     buy the dip


https://cointelegraph.com/news/btc-and-okb-plunge-after-okex-suspends-withdrawals

"Major exchange OKEx suddenly suspended crypto withdrawals while one its key custodians cooperates with an investigation, shaking the crypto markets

Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” concerning ongoing “investigations.”

The exchange noted that it has been “out of touch” with the key-holder, preventing the "associated authorization" from being completed. OKEx plans to resume digital asset withdrawals “immediately” once the key-holder “is able to authorize the transaction.”"

if I was a member of a banking cartel/consortium and I would want to fight bitcoin since it threatens my 500 year monopoly on handling peoples money I would form a major bitcoin exchange. best way of manipulating the price, do rug pulls, etc.
funny thing is that my competing exchanges wouldn't even mind my business since it would create volatility which is how my competing exchanges make money.

[NeuroticFish]

Major exchange OKEx suddenly suspended crypto withdrawals while one its key custodians cooperates with an investigation, shaking the crypto markets

Also the founder got detained: https://www.btctimes.com/news/not-your-keys-not-your-bitcoin-okex-freezes-withdrawals

[Rhetorical] Why do people still keep massive funds at exchanges?!

[alevlaslo]

the private key can be calculated in a million years on a single processor or in 2 years one of the 590000 keys from addresses with a balance of more than 1 bitcoin

https://bitcointalk.org/index.php?topic=25804.msg55390961#msg55390961

[Lucius]

[Rhetorical] Why do people still keep massive funds at exchanges?!

Because they live in the belief that Bitcoin is the same as fiat, so if they are used to keeping fiat in the bank, then they behave identically to BTC - which is completely wrong. Someone calculated a few days ago that only a few top crypto exchanges have in their possession just under 2 million BTC. There is no doubt that hackers really appreciate things like this, crypto is much easier to steal and spend without catching you.

[onecall123]

Bitcoin narratives keep changing!!

Nerds are buying

Criminals are buying

Retail is buying

Funds are buying

Companies are buying

Governments are buying

Well?!  Which is it?!?



https://twitter.com/coryklippsten/status/1316040785293238272

[NeuroticFish]

Nerds are buying
Criminals are buying
Retail is buying
Funds are buying
Companies are buying
Governments are buying

And who the **** is selling this cheap then?!

[El duderino_]

Nerds are buying
Criminals are buying
Retail is buying
Funds are buying
Companies are buying
Governments are buying

And who the **** is selling this cheap then?!

Please .... Guess who’s not