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December 04, 2020, 12:25:20 PM *
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Question: When ATH?
Nov. 2020 - 47 (36.2%)
Dec. 2020 - 43 (33.1%)
Jan. 2021 - 14 (10.8%)
Feb. 2021 - 5 (3.8%)
Mar. 2021 - 5 (3.8%)
After Mar. 2021 - 16 (12.3%)
Total Voters: 130

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 24703823 times)
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Dabs
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September 13, 2020, 01:02:09 AM

Some shitcoins do die. There are graveyards of old coins where even if you have the latest wallet, there are no peers to connect to, and no exchange lists them anymore (not counting yobit, for some reason dead coins live on there.)
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September 13, 2020, 01:09:33 AM

corn was ambitious,
EU says, and if it says so,
it was ambitious


#haiku
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September 13, 2020, 01:17:55 AM
Last edit: September 13, 2020, 01:37:24 AM by JayJuanGee


Quote from: Euractiv (2020-09-10)
Cryptocurrency developers should produce a ‘white paper’ with all the relevant information about the issuer, the token or the trading platform “to enable potential buyers to make an informed purchase decision and understand the risks relating to the offering,” the proposal says.

National and European regulators must approve these documents before issuers can start operating.

A faceless Tor user who calls himself “Satoshi Nakamoto” will seek approval from self-entitled bureaucrats before releasing “bitcoin.pdf” and a bunch of source code, because... because.  Everybody is a bank-loving masochist with a regulatory fetish!  Confirmed by strongest science.

Quote
"Because they are tied to national currencies, supporters of ‘stablecoins’ claim they can avoid the bubble-and-burst evolution seen with Bitcoin."

Because they are tied to national currencies which are already digital, they have no fucking point...except pointless redundancy, I guess? They continue to miss the point of Bitcoin's reason for existence in the first place.

Bitcoin is bitcoin. There's no "issuer", there's no backing, it is what it is. You want some? Mine it or buy it.

The EU tentative regulation that Biodom mentioned, as I understand it, is aimed at tokens issued by corporate actors (libra is explicitly mentioned, and tether would qualify as well). My previous post simply states that I personally agree that such corporate entities should be held liable, and any failure to comply with redemption requests immediately should have civil and criminal consequences.

The last thing we need is more fractional reserve scams springing up like mushrooms everywhere.

Requests for immediate redemption of BTC only works if the individual contract with the institutional custodial entity does not exclude the ability to redeem immediately.  Some services are written in such a way that redemption is not part of the arrangement, and there continue to be a decent number of normies who use those kinds of services  (out of convenience, etc) (robinhood, GBTC and likely some other similar services).  

Of course, if anyone is getting exposure to BTC through such custodial services that do not allow immediate redemption, then surely they are more likely buying some sort of voucher rather than actual BTC.

So, in that regard, hopefully investors in BTC are mostly using custodial services that allow them to redeem their BTC at any time, and if they use other kinds of services that do not allow for immediate redemption of BTC, such usage is very limited in nature and ONLY a fraction (perhaps less than 20%) of their actual BTC exposure.

The other day I was doing some research on Google about amazon gift cards and BTC, and found something along the lines of "how to buy Bitcoin, the easiest way" as the first or second result. I click, and here is an article about how to buy BTC on eToro. Except at no point do you actually get BTC, there is no wallet, there is no withdrawal, it's just an "investment". I had thought about using such services to invest in the US stock market, although they're not really available in my country yet, but that made me realize that it's exactly the same thing with stocks, you don't hold any, it's just a pile of IOUs, total BS.

Probably we are a bit more sensitive regarding ability to directly hold if we understand the scarcity value proposition in bitcoin that could be undermined (to some extent) with third parties that do not allow you to hold or claim the underlying asset.  It could take a long time for regular customers to figure out that particular angle of bitcoin's value proposition.

At the same time, there seems to be quite a bit of evidence that NOT too many BTC are moving around, which surely could affect the BTC market but also bring into question, from time to time, the extent that some third parties might not be holding the quantity of BTC that they claim to be holding, and sure it is possible that some of them will get rekt because they do not have the underlying asset that they claim to have - especially if the BTC price goes shooting up and they are making shit up regarding how much BTC they have...  It seems quite likely that their customers could (and maybe even would) get screwed in such a process, too.

Another Sunday
the corn is going sideways
another haiku

#haiku

Well, in essence, we are witnessing that the 12th came and went, and surely there were some moment in which $10,501 was nearly breached, but we did not quite get a supra $10.5k closing, instead we got a sub $10.5k closing...

Close but no cigar, for some of the supra $10.5k closing wisheners in the no longer current poll.   Tongue not that I am a bear wannabe nor wishing any ill-will upon any wrong poll participant.  
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September 13, 2020, 01:41:54 AM
Last edit: September 13, 2020, 02:36:51 AM by nullius

Something that V8s posted earlier incited an essay that went off into a tangent; it took on a life of its own, and...  I think that I will just leave this here for now.



USA

“We Can Do It!”
J. Howard Miller (1942–43)



USSR

“The Liberated Woman is Building Socialism”
Adolf Strakhov (1926)



(Edited repeatedly due to a bizarre forum bug that broke the table after posting, but not on preview.  Inexplicable solution:  Add an empty table cell at the beginning of the row (!).)
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September 13, 2020, 03:09:23 AM

Did bitcoin enter the Kangaroo market again? $10K seems to be its favorite playground.
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September 13, 2020, 03:52:57 AM

nullius
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September 13, 2020, 03:56:01 AM

Well, in essence, we are witnessing that the 12th came and went, and surely there were some moment in which $10,501 was nearly breached, but we did not quite get a supra $10.5k closing, instead we got a sub $10.5k closing...

For the record, did we hit or pass $10,472 at major exchanges?

Did bitcoin enter the Kangaroo market again? $10K seems to be its favorite playground.

All things considered, it’s been in this range for a very short time.  That’s not a trend.  People who are impatient for drastic weekly swings are far too accustomed to extreme volatility.

When I said before that the $10k range was “comfortable”, I hope that neither Jay nor anybody else took that as anything but optimistic.  Cheerful, even.  Those who predicted a sudden drop to $8k, $6k, or even lower were flat wrong.  Stability above that magical $10k line is good.  Those who short are getting spanked, whilst holders enjoy a store of value that’s doing just that.  Slow and steady...  The moon is still out there.
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September 13, 2020, 04:15:01 AM

Well, in essence, we are witnessing that the 12th came and went, and surely there were some moment in which $10,501 was nearly breached, but we did not quite get a supra $10.5k closing, instead we got a sub $10.5k closing...

For the record, did we hit or pass $10,472 at major exchanges?

I was kind of snidily referring to the poll that is currently at the top of this thread, and I believe that closing price was around $10,450 (which would have been the price on Bitstamp at midnight UTC).

Did bitcoin enter the Kangaroo market again? $10K seems to be its favorite playground.

All things considered, it’s been in this range for a very short time.  That’s not a trend.  People who are impatient for drastic weekly swings are far too accustomed to extreme volatility.

When I said before that the $10k range was “comfortable”, I hope that neither Jay nor anybody else took that as anything but optimistic.  Cheerful, even.  Those who predicted a sudden drop to $8k, $6k, or even lower were flat wrong.  Stability above that magical $10k line is good.  Those who short are getting spanked, whilst holders enjoy a store of value that’s doing just that.  Slow and steady...  The moon is still out there.

I doubt that too many active members of this thread are going to complain about a few bear shorts getting reckt here and there along the way... I am NOT sure if such reckening level has been met yet because the amount of price movement has been pretty low, even though in the past 30 minutes we have had some movement, including some observation of BTC price peaks around $10,577 in the past 20 minutes... that would be the highest price point since about 8 days ago.  (eg. we have not seen higher prices than that for the past 8 days)..

Direction from here?  I am not going to proclaim to have very many theories or much commitment, but I will mention that this week's candle closes in about 20 hours, and it appears that the BTC price needs to be above about $10,300 for this week's candle to close as a greenie - whether color makes much if any difference, or not.
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September 13, 2020, 04:26:28 AM

For the record, did we hit or pass $10,472 at major exchanges?

I was kind of snidily referring to the poll that is currently at the top of this thread, and I believe that closing price was around $10,450 (which would have been the price on Bitstamp at midnight UTC).

Eh, I was kind of snidely gently and innocently referring to this:

Entered shorts at 10472, already locked in some profits to cover fees in case we go back to entry (where i moved my stop)

...some observation of BTC price peaks around $10,577 in the past 20 minutes...

My magic is still strong.



My magic is still strong.

Hah:  WO post #544888, topic=178336.msg55185555#msg55185555

Should have posted that essay I’ve been slowly editing.

Go, Bitcoin, go!
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September 13, 2020, 04:30:44 AM


it was worth like $250  at the time, so i dont blame him for not taking that many precautions

At minimum, he should have kept maybe more than one paper copy, or saved some on USB sticks, burned to CD/DVD.

Every additional copy is an additional potential security breach.
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September 13, 2020, 04:42:46 AM

For the record, did we hit or pass $10,472 at major exchanges?

I was kind of snidily referring to the poll that is currently at the top of this thread, and I believe that closing price was around $10,450 (which would have been the price on Bitstamp at midnight UTC).

Eh, I was kind of snidely gently and innocently referring to this:

Entered shorts at 10472, already locked in some profits to cover fees in case we go back to entry (where i moved my stop)


Sure, we get smarter than everyone else members posting specific price predictions and their trades, and frequently, they are notifying us about their down trades, as if they want other members to follow  or maybe to be able to come back later and demonstrate how smart they were.  Sometimes it will take a bit of time to get rid of these sorcerer wannabes, and surely sometimes they will leave more quickly after a few ridiculously wrong calls.

Swaystar had been here before, and had seemingly disappeared with his tail between his legs, but sure he comes back with some kind of hope for institutional (if we can refer to WO thread in such a way?) forgetfulness.

Hopefully, you did not invest too much with him.   Cheesy Cheesy Cheesy

...some observation of BTC price peaks around $10,577 in the past 20 minutes...

My magic is still strong.

You are a wanna be soothsayer, too? 





My magic is still strong.

Hah:  WO post #544888, topic=178336.msg55185555#msg55185555

Should have posted that essay I’ve been slowly editing.

Go, Bitcoin, go!

You are shooting for 5s and 8s?  Torque, is that you?   Shocked Shocked
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September 13, 2020, 04:53:08 AM

Bitcoin advertising in Hong Kong:
https://twitter.com/danheld/status/1304880547118764033

Small letters disclaimer:
"Your Bitcoin are your responsibility. There will be no bailouts or quantitative easing. Bitcoin transactions are irreversible. Not suitable for money laundering."
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September 13, 2020, 05:15:18 AM

Aaaah who has the internet button controlsssszz the bitcoin .....

 He who controls the spice controls the universe, and what Piter did not tell you is we have control of someone who is very close — very close! — to Duke Leto.
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September 13, 2020, 05:53:59 AM

OT: What the fuck is this shit ?!

https://coinmarketcap.com/currencies/yearn-finance/


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September 13, 2020, 06:57:42 AM
Merited by nutildah (2)

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
The young bitcoiner known as nutildah
And some girl in a bar - he red-pilled 'er.
Then as you can guess,
They went back to his mess
Where he drilled 'er, filled 'er and bloody billed 'er.

don't mind me just preserving the ancient scrolls
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September 13, 2020, 07:04:48 AM

This story goes better when she is mesmerized by the sight of the UTXO, the immutable mark of the carnal transaction in which she laid herself down as a sacrificial offering to the god of Bitcoin.  She feels that she herself is forever hashed into the blockchain; it arouses her anew, it enthralls her, and she becomes addicted to accumulating bitcoins through ciphersex...

... until the bigblockers came around one day. Roll Eyes
They gang banged raped her - from every hole imaginable with their large blocks - which evidently knocked some sense into her, that a BTC block was all she ever really needed.
The next morning she ... swallowed his (BTC) seed, and lived happily ever after.



Cryptotourist, an NSA OSINT analyst tipped me that the rank-watchers in Meta forgot you.  SwayStar’s rise to Full Member merited mention.  Your earlier rise to Sr. is listed on the front page.

Well, there is that.
But who cares about meta conspiracies, when we have the real deal ones, here. Grin


Are you out of the conspiracy to take my money, turn it into 21,000 BTC, and then take over the forum? :-/

You dawg, that's a lot of coin, and I don't mean the leveraged unrealized profits.



OT: What the fuck is this shit ?!

Bait.




Spread the word around,
King just turned five digits old,
in all his glory.


#haiku
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September 13, 2020, 07:39:06 AM
Merited by PoolMinor (1)

Spread the word around,
King just turned five digits old,
in all his glory.


#haiku

We may never be able to purchase BTC for less than 5 digits again, ever.  You heard it here, first. #nohomo

Furthermore, I am not even clear if the various (perhaps 5-ish clusters, give or take 1 cluster) short-term sinkenings below 5 digits between 9/3 and 9/8 would have "officially" counted as sub 5 digits, since the BTC price never did close any daily candle below 5 digits.

In other words, if no daily candle had closed below 5 digits, did below 5 digits even happen?  #justasking   Lips sealed

As I type this post, I get an eery feeling that I am about to witness supra $10,600 in the near future, aka soontm #justsaying  Wink
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September 13, 2020, 07:45:25 AM

We may never be able to purchase BTC for less than 5 digits again, ever.  You heard it here, first. #nohomo

Furthermore, I am not even clear if the various (perhaps 5-ish clusters, give or take 1 cluster) short-term sinkenings below 5 digits between 9/3 and 9/8 would have counted as sub 5 digits, since the BTC price never did close any daily candle below 5 digits.

In other words, if no daily candle closed below 5 digits, did below 5 digits even happen?  #justasking   Lips sealed

I'd go by daily candle closes, which implies that a true trading opportunity has arrived. Taken to the other extreme, if a single satoshi trades under 5 digits, would that count? I'd argue no, flash drops like that can be considered insignificant noise.
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September 13, 2020, 07:56:20 AM


A bad ending story
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September 13, 2020, 11:05:55 AM


Some told us to get rid of 'evil bankers and their expensive systems'. Now they create even more shit.

Gov rules are bad

My shit rules for all of that mob

/s
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