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Question: Oct. 23 Closing Price:
<$8,000 - 2 (3%)
$8,000-$8,500 - 0 (0%)
$8,500-$9,000 - 0 (0%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
$10,000-$10,500 - 1 (1.5%)
$10,500-$11,000 - 0 (0%)
$11,000-$11,500 - 3 (4.5%)
$11,500-$12,000 - 5 (7.6%)
$12,000-$12,500 - 16 (24.2%)
$12,500-$13,000 - 12 (18.2%)
$13,000-$13,500 - 8 (12.1%)
$13,500-$14,000 - 5 (7.6%)
>$14,000 - 14 (21.2%)
Total Voters: 66

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23533377 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
Paashaas
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September 18, 2020, 06:45:30 AM

Domain Registration Service NameCheap Now Accepts Bitcoin Via BTCPay.

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The Los Angeles-based domain registrar service Namecheap on September 17th announced that it will be supporting Bitcoin payments made through BTCPay, an open-source, self-hosted cryptocurrency payment processor focused on security, privacy, and censorship-resistance. Namecheap's decision to integrate BTCPay comes after a number of the service's customers said they preferred that payment processor over its competitor BitPay, which Namecheap has long supported. Smiley
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FullNode
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September 18, 2020, 06:46:12 AM

I want to print and hang it on my room.
Here you have a link to the Hat Gallery in a larger size, place the cursor over the image and click on it, you will have the gallery in large format.

https://i.imgur.com/Y2EKCiH.png

I hope it is useful to you, I cannot make it bigger without losing quality.



edit: updated www.wohats.com philipma1957



Good size for a poster with all the hats, one day I hope to have one in my avatar.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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September 18, 2020, 06:49:01 AM
Last edit: September 18, 2020, 07:34:55 AM by JayJuanGee
Merited by Paashaas (1)

we shall see, not selling anything, only buying.

Well, at least, on a personal level, you have not been shaken that far into SCARED status.

On the other hand, the way you express your worry, you might need to reallocate a bit into one of those other projects if you think that they are so wonderful in terms of potentially flippening bitcoin or whatever it is that you think might be so great about WBTC that is supposedly providing a greater threat (greater competition) in order that BIG blocker nonsense like jbreher pales in comparison (from your kumbaya-singing wannabe perspective).

Fractional reserve banking is mathematically impossible with Bitcoin.  Because fractional reserve banking is not what most people think it is—it is worse—it creates money out of thin air, whereas it is impossible to loan new bitcoins into existence out of nowhere.)

You know better than that nullius (or at least your way of framing the matter does not really represent the difference between what is possible and what custodians are likely to do, even complicit with governments, banks or whatever).

As the vast majority of us likely appreciate, when a third party holds bitcoin, they can act like (on their internal books) they have more bitcoin than they have.  There are all kinds of examples of third parties engaging in such behaviors, and surely we know about the ones who have gotten caught (and we likely do not know about the ones who have not gotten caught).

So they can do the deed.. they can fractional reserve... Can they get away with it, might be another question.

Sure, when push comes to shove, if the bitcoins that are held by the third party are claimed by those who believe that they own such bitcoins and the third party does not have possession of such bitcoin that they claim to have, then such third party could be fucked if they still have to give the bitcoin's to the proclaimed owner.  On the other hand, we do not know if the law is going to be on the side of the rightful owner because many states (and other governments) grant such ownership rights to third parties (banks) to be able to engage in such fractional reserves.. and bitcoin exchanges are frequently less than regulated in terms of the rules of bitcoin...

So who's side is the law going to be on?  Poor lil johnnie?  Or fat cat bank (exchange)? -

So, sure the people who entrusted their bitcoin to such third parties could be the ones who end up getting fucked, rather than the exchange (fat cat banker).

And, sure part of the power of bitcoin is to be able to demand immediate custody of bitcoin, and it is quite possible and practical, in bitcoin, to be able to obtain quick and easy delivery of such custodial bitcoin.  The third party custodian cannot convincingly proclaim that the transaction of the bitcoin is in process for several days and the security guards and large ass trucks trucks are getting in position to deliver, blah blah blah, logistics, blah blah blah..

Within seconds the proclaimed owner can receive custody, so long as the custodian is going to agree to send such bitcoins... and such proclaimed owner is going to be a dumby if he creates relationships with third-party custodians who are not actually holding a sufficient quantity of coins to cover those requests for immediate delivery of such coins.

Anyhow, I agree with you, nullius, that attempting to engage in fractional reserve banking could be much more problematic for the third-party custodians who engage in such fractional reserve because delivery and verified authenticity is much easier than other asset classes, and perhaps actual BTC owners are going to realize that they cannot trust certain third parties to hold their coins, so BTC HODLers will choose to either hold the coins themselves or find a third-party custodian that they can trust (and or verify that they are holding such coins and that the owner can get custody upon demand).

Admittedly, I may be mixing issues and making too many assumptions there.  “Off-chain” could mean on a centralized exchange.  

I am thinking that Michael Saylor purchased the Bitcoins on exchanges, too, which does seem a bit strange, but as long as it worked for him, then so be it.  Saylor and company got their coins, and they seem to be happy with the quantity of coins that they got for the price that they paid for them, as far as I could tell from the Pomp interview with Saylor, too.

In today's podcast (which would be yesterday, now) Guy Swann, from the bitcoin audible podcast, said that he would be interviewing Saylor "tomorrow," which would actually mean that such podcast should be released later today.

Swann's interview with Saylor is likely that Saylor will say quite a few similar things that he already had said on the Pompliano podcast from a couple of days ago... perhaps a few new developments or things that Saylor might be willing to disclose at this time.  Perhaps?

I plan to listen to such podcast once it releases because Guy Swann is a pretty smart and interesting guy too (Not that Pompliano is not smart and interesting).
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September 18, 2020, 08:13:24 AM

We’re certainly having to be far more patient this time around, compared to previous bull runs. I’m not the most patient person IRL but when it comes to The Corn, I have developed over the years an unfathomably strong ability to patience-HODL.

If you can develop a similarly strength, it seems guaranteed that the rewards will be immense. It’s just a matter of time. More specifically, how long can you remain patient? That variable will determine the degree to which btc will reward you. How big a reward you need is up to you.

That was my thought for the day while out for a run and microdosing
It is being said that Shaolin monks are the strongest corn holders. When corn will reach the Himalayas, Shaolin monks will rule the world.
I believe this is confirmed by math and science.
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September 18, 2020, 10:03:08 AM
Merited by Paashaas (3), LFC_Bitcoin (2), AlcoHoDL (1), soullyG (1)

monetized value

value has been residing in the analog world since value existed. since the historical process of digitization started in the 20th century it was only information that got digitized. which already changed the world, changed our everyday lives and our lives as a whole. everything that got digitized transformed into something that could be utilized orders of magnitude better compared to its analog state. the velocity of digital information dwarfs anything analog. digitization today is the equivalent of industrialization of the 19th century, a true world changer.

I am not saying that digital stuff wasn't valuable or valued before 2009. software vendors had and have ways sell digital products for money, that is not the point. any transformation of value itself to the digital realm can only happen through a vehicle that possess digital scarcity and bitcoin is the only digital scarce asset known so far. with the invention of digital scarcity in 2009 it is now possible for value itself to migrate into the digital world.

monetary value is just information. no one knows today how much of the analog monetary value will end up getting digitized. how much analog information is moving around today? how much went digital?


there is trillions and trillions of analog monetary value. there are only 21 million digitally scarce bitcoin. this will be fun to watch unfold as a hodler of bitcoin.



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September 18, 2020, 10:27:55 AM

https://twitter.com/michael_saylor/status/1306636046948610049

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We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions.  #Bitcoin scales just fine as a store of value.

Very interesting. I was debating this in my local forum, and other senior members were arguing that surely Microstrategy was using a specialized company to hold and deal with their coins, I wasn't convinced, as that seemed pointless to me. I guess I won that argument. (I'm not saying they didn't hire a company that knows what it's doing, but basically that in the end Microstrategy has the keys to their coins).
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September 18, 2020, 10:30:27 AM

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Clearly, we’re at the start of another giant wave up. Since just 2011, bitcoin is up 11,000,000%. Yes, 110,000x

Now we’re on our way to $200,000 per coin. We know the disinflationary supply schedule every 4 years, so we know the cycles

It’s math, it’s science, it’s truth.
         
https://twitter.com/RiggsBTC/status/1306430215984484352  

I don't think this is true science and math because it doesn't take into account the confirmed fact that bitcoin has been in a confirmed downtrend for ~4 years because people have realized it doesn't work well. This is proven science and math. Power laws don't apply when people don't want it, which is why as time moves on the graph will look like the tulip mania graph and not like unproven power law pseudoscience.
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September 18, 2020, 10:38:31 AM
Merited by JayJuanGee (1), Toxic2040 (1)

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According to Saylor, the second main objection outsiders have is "what about the volatility?"How is an asset a store of value if it can have double-digit days up or down?

Saylor retorts that volatility is falling, and he's not wrong. Bitcoin was volatile in 2017 at the peak of retail mania. This year, we've seen a prolonged period of low-volatility consolidation.

Part of the reason for decreased volatility is the activity of institutions like MicroStrategy. Institutional money entering an asset class dampens volatility in both directions.

Quote
Saylor states that he was "in the market for every minute" for several days, presumably using advanced trade execution services to ensure that this massive purchase of Bitcoin didn't move markets. In fact, he claims that MicroStrategy's purchase dampened volatility in Bitcoin markets instead of causing price swings.

Apparently MicroStrategy was in the market for weeks buying incremental amounts on a daily basis without moving the market. We can assume that this also helped to dampen downward price movements. How do we foresee this kind of institutional demand impacting on the downward volatility in the coming months? Can we possibly expect a reduced percentage drop after the next 4-year ATH in 2022/23? The typically 80% draw down could be reduced to <50% in the next bear market?

This revelation makes me reconsider how much I might be willing to sell near this cycle top.
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September 18, 2020, 11:35:51 AM
Merited by LFC_Bitcoin (1)



The dude is slurping on the pipe
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September 18, 2020, 01:28:02 PM
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The dude is slurping on the pipe

what feelings after water  Wink

#Bitcoin relative strength index (RSI) almost 3 years <65. Do you think we will stay there forever .. or do we enter a >65 period next?

https://twitter.com/100trillionUSD/status/1306888161625243649
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September 18, 2020, 01:50:55 PM

Domain Registration Service NameCheap Now Accepts Bitcoin Via BTCPay.

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The Los Angeles-based domain registrar service Namecheap on September 17th announced that it will be supporting Bitcoin payments made through BTCPay, an open-source, self-hosted cryptocurrency payment processor focused on security, privacy, and censorship-resistance. Namecheap's decision to integrate BTCPay comes after a number of the service's customers said they preferred that payment processor over its competitor BitPay, which Namecheap has long supported. Smiley

This is great news. I have used them and expressed dissatisfaction with the fact that they're using BitPay. I had to install an electrum wallet just to pay for my hosting.
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September 18, 2020, 02:25:45 PM
Merited by JayJuanGee (1), LFC_Bitcoin (1)



The dude clearly found a hidden BTC’er on his trip
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Inverse Bearish Spike Indicator!


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September 18, 2020, 02:31:21 PM
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Presented with no comment:



On track...  This weekend I think:

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September 18, 2020, 02:41:54 PM
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https://twitter.com/ki_young_ju/status/1306659823656734720/photo/1

Seems like a pretty good indicator of when the whales are about to short the price right into the ground, or to let it sail to new highs....

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September 18, 2020, 02:42:14 PM

4 hours ago

7,493 #BTC (82,332,860 USD) transferred from unknown wallet to #Bitstamp

1 hour ago

7,492 #BTC (82,594,291 USD) transferred from #Bitstamp to unknown wallet

Whale just moving his coins  Grin
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September 18, 2020, 02:42:22 PM



The dude clearly found a hidden BTC’er on his trip

I promise I am not him!
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September 18, 2020, 03:11:10 PM
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we shall see, not selling anything, only buying.


+1 WOsMerit

There is nothing wrong with using and or selling bitcoin when you need to..that what it is for imo. That being said, I find great pleasure using it as a incredibly secure store of value.



------

https://twitter.com/michael_saylor/status/1306636046948610049

Quote
We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions.  #Bitcoin scales just fine as a store of value.


+1 WOsMerit

 Roll Eyes


------

Domain Registration Service NameCheap Now Accepts Bitcoin Via BTCPay.

Quote
The Los Angeles-based domain registrar service Namecheap on September 17th announced that it will be supporting Bitcoin payments made through BTCPay, an open-source, self-hosted cryptocurrency payment processor focused on security, privacy, and censorship-resistance. Namecheap's decision to integrate BTCPay comes after a number of the service's customers said they preferred that payment processor over its competitor BitPay, which Namecheap has long supported. Smiley

+1 WOsMerit


------

Bakkt volume made another ATH.



+1 WOsMerit


------


monetized value

value has been residing in the analog world since value existed. since the historical process of digitization started in the 20th century it was only information that got digitized. which already changed the world, changed our everyday lives and our lives as a whole. everything that got digitized transformed into something that could be utilized orders of magnitude better compared to its analog state. the velocity of digital information dwarfs anything analog. digitization today is the equivalent of industrialization of the 19th century, a true world changer.

I am not saying that digital stuff wasn't valuable or valued before 2009. software vendors had and have ways sell digital products for money, that is not the point. any transformation of value itself to the digital realm can only happen through a vehicle that possess digital scarcity and bitcoin is the only digital scarce asset known so far. with the invention of digital scarcity in 2009 it is now possible for value itself to migrate into the digital world.

monetary value is just information. no one knows today how much of the analog monetary value will end up getting digitized. how much analog information is moving around today? how much went digital?


there is trillions and trillions of analog monetary value. there are only 21 million digitally scarce bitcoin. this will be fun to watch unfold as a hodler of bitcoin.





+2 WOsMerits



------

morning charts


still hodling

#dyor


1h


4h

#stronghands
gembitz
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September 18, 2020, 03:25:05 PM

11K kaboom! :-D gogogooo//^$$$
AlcoHoDL
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September 18, 2020, 03:47:31 PM
Merited by El duderino_ (4), cAPSLOCK (1), ivomm (1), julian071 (1)

proudhon + gembitz = BULL!

Honfirmed!
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September 18, 2020, 04:33:41 PM
Last edit: September 18, 2020, 05:02:51 PM by VB1001
Merited by JayJuanGee (1)


www.wohats.com

I was always curious to know the number of hats/year of registration.

(The year of registration in the forum has nothing to do with the date they decided to wear a hat)

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