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

[SiNeReiNZzz]

[Toxic2040]

Anyone else buying dip, or is it just me ?

What dip?

[kellrobinson]

Don't sell below $64,558

[bitserve]

Don't sell below $64,558

What's wrong about $64,548? Asking for a friend.

[Toxic2040]

#dyor

claws find purchase on the climb up the mountain
1h



strong shoulders

#stronghands

[JimboToronto]

Rumor has it, the area Rick and I are looking to buy land in, has a small feral hog problem.

Looking forward to cooking up some bacon, upon seeing any feral hogs dealing drugs on our property.

Mmmmm. Heritage Pork.

[Phil_S]

In other Moon news, China is sending sample return mission to the Moon.

Launch in 11 minutes.

Live streaming:
https://www.youtube.com/watch?v=dK4lIM2E4oE

[BobLawblaw]

Rumor has it, the area Rick and I are looking to buy land in, has a small feral hog problem.
Looking forward to cooking up some bacon, upon seeing any feral hogs dealing drugs on our property.

Mmmmm. Heritage Pork.

https://www.historicacanada.ca/content/heritage-minutes/wilder-penfield

"Dr. Penfield. I can smell burnt toast!"

[JayJuanGee]

... Goldbugs, ...

They sold their stash and learned the intricate process of "how to physically own bitcoin on your computer."

Sure, the smarter ones got into bitcoin.. but there are a good number of goldbugs still fighting bitcoin and also consultants who are not afraid to tell their clients about gold but fail/refuse to introduce their clients to bitcoin.. and the relatively flat performance of gold, in spite of the recent gold exuberance, was the context of my post that you cited to describe that ongoing phenomenon.. and relatively slow migration of the gold bugs over to bitcoin, and of course, there are layers, too.. and some gold bugs that are going to take longer before they come over to bitcoin.

By the way, I see that last week's candle was a pretty BIG ass green wick.  It opened $15,975 and it closed $18,435 (nearly $2,500 between open and close - so a pretty hot candle)... so, yesterday's little $1,000 dip and then mostly recover brought the closing BTC price down a wee bit (maybe $200-ish, perhaps).. but surely, we are still going into the 8th weekly green candle with a bit of a high number that is not impossible to sustain as green, but surely this eighth's week green candle is going to be interesting to watch... the next 7 days continue to be critical.^tm

Trust me! ... ... I'm a programmer.

You have already made some variation of that statement, previously - yet you have demonstrated ur lil selfie to be prone to exaggeraTION...   Accordingly, difficult to know what could be done bout dat.

And BTCiT-coin is worse then any competitive video game. YOU JUST CAN"T WIN ! With that in mind, I don't think these "pumps" are just pumps. The fact that the dips have a short duration, means more then it should.

On this point, we probably largely agree.

Edit(0)*: I should do some research into who coined the term "bite" or "byte" so I can make an astral chart to get some clarity into all this nonsense!  

Sure.  Likely member jupiter9 would appreciate your research into that direction.   

edit(1)*:  Considering " B I T C O I N " has the numerology of " 2 9 2 3 6 9 5 " ... meaning it is getting down to : 6 ....  ... 6 is about f%^cking, love, exchange, harmony... But mostly f^cking having a good time.  

Exactly!!!!!!  What is 6, anyhow?  Seems to be an upsidedown 9 as far as I can determine based on my superficially looking into the matter.

[El duderino_]

Some new kids on the block I see 

[bullioner]

In other Moon news, China is sending sample return mission to the Moon.

Launch in 11 minutes.

Live streaming:
https://www.youtube.com/watch?v=dK4lIM2E4oE

The broadcast is of a fake rendering.

[DaRude]

jbreher hitting a new low.  on second thought, pushing drugs might still be better than pushing BSv scam, good for him for moving on up

[Indymoney]

Some new kids on the block I see 

Too many new kids on this block in last few days

[Toxic2040]

In other Moon news, China is sending sample return mission to the Moon.

Launch in 11 minutes.

Live streaming:
https://www.youtube.com/watch?v=dK4lIM2E4oE

+1 WOsMerit





-----

Some new kids on the block I see 

+1 WOsMerit


its nice seeing new faces pop in..it takes some nerve to make those first posts    hope to see more flooding in

the next wave of adoption really is happening


-----

jbreher hitting a new low.  on second thought, pushing drugs might still be better than pushing BSv scam, good for him for moving on up

+1 WOsMerit


lol'd

[DaRude]

https://twitter.com/AutismCapital/status/1330920515393916928

"CEO says early next year they will allow Crypto (currently: BTC, ETH, BCH, LTC) to be used as a funding source for any of their 28 million merchants. This addresses the “no utility” objection many retailers have about Crypto."

Still nice, but paper BTC derivative != real BTC

Doesn't help utility until they start accepting BTC deposits which i foresee to be their next step. They created their paper btc walled garden, and before anyone can sell their btc notes they must first buy them, this is squeezing the supply so next logical step is to let people deposit & convert their real BTC for PayPal BTC derivative sort of like GBTC fund

[cAPSLOCK]

https://twitter.com/AutismCapital/status/1330920515393916928

"CEO says early next year they will allow Crypto (currently: BTC, ETH, BCH, LTC) to be used as a funding source for any of their 28 million merchants. This addresses the “no utility” objection many retailers have about Crypto."

Still nice, but paper BTC derivative != real BTC

Doesn't help utility until they start accepting BTC deposits which i foresee to be their next step. They created their paper btc walled garden, and before anyone can sell their btc notes they must first buy them, this is squeezing the supply so next logical step is to let people deposit & convert their real BTC for PayPal BTC derivative sort of like GBTC fund

Folks are saying their NY license absolutely requires them to own 1BTC for every 1BTC they sell via their app.  This would preclude them being a fractional reserve via synthetic bitcoin would it not?

My position on this has been simple from the beginning.  Bitcoin does not care who owns it.  It does not care how people do business with it.  It does not care if your use is legal, or regulated, or not.  It does not care if you are an African merchant, or a commercial bank, or a teenage girl, or the worlds largest payment processor.  Any of these can use it to whatever extent they choose.  It does care (so to speak) about people who try to do a rope-a-dope and route around it's consensus.  The first really BIG rush on a fractional reserve could put the company foolish enough to play that game in the ground over night.

I have never thought PayPal represents the ethos of OUR bitcoin community, and BitCoin threatens PayPal for sure.  So it is in PP's best interest to find exactly the way that they can make the most money out of providing services around Bitcoin as well as using it for their own settlement purposes.

Censorship resistance means exactly that for everyone.

[eddie13]

I’m thinking about not selling any coin until 1 year after the NEXT halving..

I think I can maintain continuing to be poor and wageslave for another 4 years..

I don’t even want a massive cat sailboat like that.. I could buy the sailboat I want for about 1btc right now..
But I also need many years worth of “fuck you, I’m onna boat” money..
How cheap is food in South America exactly?

[cygan]

love this picture!!!


https://twitter.com/danheld/status/1330904204827893761

[DaRude]

https://twitter.com/AutismCapital/status/1330920515393916928

"CEO says early next year they will allow Crypto (currently: BTC, ETH, BCH, LTC) to be used as a funding source for any of their 28 million merchants. This addresses the “no utility” objection many retailers have about Crypto."

Still nice, but paper BTC derivative != real BTC

Doesn't help utility until they start accepting BTC deposits which i foresee to be their next step. They created their paper btc walled garden, and before anyone can sell their btc notes they must first buy them, this is squeezing the supply so next logical step is to let people deposit & convert their real BTC for PayPal BTC derivative sort of like GBTC fund

Folks are saying their NY license absolutely requires them to own 1BTC for every 1BTC they sell via their app.  This would preclude them being a fractional reserve via synthetic bitcoin would it not?

My position on this has been simple from the beginning.  Bitcoin does not care who owns it.  It does not care how people do business with it.  It does not care if your use is legal, or regulated, or not.  It does not care if you are an African merchant, or a commercial bank, or a teenage girl, or the worlds largest payment processor.  Any of these can use it to whatever extent they choose.  It does care (so to speak) about people who try to do a rope-a-dope and route around it's consensus.  The first really BIG rush on a fractional reserve could put the company foolish enough to play that game in the ground over night.

I have never thought PayPal represents the ethos of OUR bitcoin community, and BitCoin threatens PayPal for sure.  So it is in PP's best interest to find exactly the way that they can make the most money out of providing services around Bitcoin as well as using it for their own settlement purposes.

Censorship resistance means exactly that for everyone.

Idealistically i'd prefer everyone to be their own bank, but realistically i realize that it's not attainable nor really warranted. With great power comes great responsibility so to speak, and there are a lot of people who're not ready nor want that kind of responsibility. We should educate the population of their options and constantly improve UX but my gramma shouldn't choose between not having BTC at all, and having to punch out her 24 seed words from her coldcard on a stainless steel plates inside a faraday casge and then coming up with some ingenious multisig inheritance plans. Sort of like cash and gold, some people prefer to self custody them in safes/under their mattresses , and some prefer to deposit it with a bank. The second best option to everyone being their own bank, is for everyone who wants can be their own bank. I know i've lost few BTC due to my stupidity, I can't imagine what people who constantly forget where they parked would do.

As far as PayPal, there's a difference between them being the other side to their BTC transactions and running a fractional reserve. The former, where they don't really purchase the BTC on the market and just show you the balance, in essence means they're taking a huge short position on BTC. I can't imagine that happening and them being a public company would surely require them to disclose such exposure on their balance sheets. The latter where they buy BTC but then lend it out to someone is more realistic but also risky and would have to be disclosed. BTC is not their core business, if they do lend it out they're insuring it with their own $250B market cap as they just can't loose your BTC in a boating accident without whole company going bankrupt.

tl;dr it's not a good idea to force your grammy into a Faraday cage, and overall it's net positive for people to get their first exposure to BTC through PayPal, expecting PayPal to enable BTC deposits next, and then enable transfers out their "paper BTC" to other walled gardens like cash app, robinhood wallet, wechat wallet, tencent wallet, yandex wallet, Africa wallet, Europe wallet, every other country wallet etc... Of course all settlements between those walled gardens would have to be with real BTC on lightning  

[Wekkel]

I think I can maintain continuing to be poor and wageslave for another 4 years..

Thinking about the same.

But don’t want to miss the grand cycle either (selling at a major top and getting back in lower).