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

[lightfoot]

Also this. I mean they can easily touch the databases.

I’m not a system architect but expect it really depends on the setup.  If they are using Bring Your Own Key (which they should be...) then it’s all encrypted and AWS doesn’t have the key. 

BYOK is tricky to implement: If your keyserver blows up then your whole company is down. But yes, if implemented it will prevent the Govt or Amazon from getting your data. Of course they can start torturing your IT staff, but that is a different problem. It helps to have keys that explode if tampered with.

Fun stuff.

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[explorer]

Steady as she goes

[JayJuanGee]

A comparison between January 2017 and January 2021
 

coingecko.com


January 4, 2017: 1,130 dollar
January 11, 2017: 780 dollar

31% drop in 7 days.
After that, the price increased 24x in less than a year.

A same thing is happening today (January 11, 2021)
+200K dollar in December 2021?

Who knows... maybe K300-400K ... When it will be too high, they will try to make it more stable.  

Who is "they" ?  You have been reading too many Torque posts, lately?

I have no doubt BTC can go to 6 digits and eventually 7, but 300-400K this year ? It just doesn't compute, I'll believe it when I see it.

Hopefully u pee pare ur lil selfie, too, just in case it does happen...

You should not want to NOT be pee pared for such an occurrence were it to happen and even if you believe such a scenario to be too extreme for ur lil selfie.

By the way, another scenario is that the top of this particular price cycle (top) could get drug out and it could take nearly 2 years from here to reach the top of the top, such as $300k to $1million or some other seemingly extreme number that ends up being reached.. but such top would still reasonably be considered to be a part of this particular 4-year cycle, even if  such top ended up taking something like 5 years (instead of 4 years) to play out.

[Syke]

Suffer well!

+10 WOs merit for DM reference

You'll dance to anything.

Inception. DM reference to a DM reference.

[Arriemoller]

That's some really scary shit, how six filthy rich people can control 90% of the online communication.

People on the extreme left are too stupid to realise that they are actively advocating that everyone just becomes a consumer in the end. There will not be a Twitter for the average user if this goes on, with the reason: "well words on the internet can be too dangerous". You will literally only have blue tick Twitter users and Grey tick YouTubers with comments switched off.

Consider that 20-25 years ago people started to go on the internet as it had alternative voices to media corporations - tv - newspapers etc. The internet is slowly turning into the thing that people got bored with. Perhaps people who grew up with the internet already there don't realise that?

I reckon with communication being that easily controlled by these cowards (cowards, because they all seem to act in tandem with big bans - deplatforming) I don't see how marginalising Bitcoin is impossible.

Don't you think there is a margin between total censorship and "anything goes" ?

I don't know about the bunny, but I think that anything legal should be ok to post.

[BobLawblaw]

Let it be said, the saddest of sad days happen, when Bob wants to, but is unable to buy the fucking dip.

Thanks Gemini.

[Arriemoller]

Also, it's not being "extreme left" to prevent people from organizing a coup and lynchings, it's called civilization.

With that type of logic book burning can be justified indeed.
I see it as a slippery slope like I said. Others see it as a good thing for the greater good.

As pointed out that greater good is slowly controlled only by billionaires.

Book burning by whom ? We're talking about private companies here. And usually on bitcoin forums people don't have problems with billionaires, but I guess there are exceptions.

And you think it's ok for a few private companies to control what we can and can not say?

When People got sick of twitter and started to migrate to Parler, Twitters owner called Amazons owner and asked him to shut down Parlers servers to kill the competition. A blatant abuse of power, and probably against US antitrust and other laws.

[HairyMaclairy]

https://blog.bitmex.com/increasing-screening-of-illicit-activity-with-chainalysis/

[HairyMaclairy]

Let’s  be clear that speech inciting imminent and likely violence is not protected by the First Amendment

https://en.m.wikipedia.org/wiki/Imminent_lawless_action

[Arriemoller]

Also, it's not being "extreme left" to prevent people from organizing a coup and lynchings, it's called civilization.

This whole thing is heading towards War of Terror 2.0 domestic edition.

There will be Patriot Act 2.0 and then 3.0 and there will be bitcoin sections in them, no doubt.

They already started to block some rioters PayPal and Venmo accounts.

Will they go after bitcoin next? We'll see.

They can't destroy bitcoin, but they can choke the retail usage by over-regulating it. "Accredited investors" will be fine, of course.

The US likes to go from one extreme to the other, it seems. Maybe a bit more moderation could have prevented that ? Deleting Trump's racist tweets starting 10 years ago for example, or at least putting the disclaimers they now put ?

If you think free speech is an extreme, you do not belong in a western country.

[Hueristic]

The US likes to go from one extreme to the other, it seems. Maybe a bit more moderation could have prevented that ? Deleting Trump's racist tweets starting 10 years ago for example, or at least putting the disclaimers they now put ?

Freedom is a dual edge sword.

[StartupAnalyst]

Let it be said, the saddest of sad days happen, when Bob wants to, but is unable to buy the fucking dip.

Thanks Gemini.

Oooh, how familiar this is to me! I myself bought yesterday with all the shitmoney I had. Goodbye, my euro stash, I took it all out 

[Arriemoller]

That's some really scary shit, how six filthy rich people can control 90% of the online communication.

People on the extreme left are too stupid to realise that they are actively advocating that everyone just becomes a consumer in the end. There will not be a Twitter for the average user if this goes on, with the reason: "well words on the internet can be too dangerous". You will literally only have blue tick Twitter users and Grey tick YouTubers with comments switched off.

Consider that 20-25 years ago people started to go on the internet as it had alternative voices to media corporations - tv - newspapers etc. The internet is slowly turning into the thing that people got bored with. Perhaps people who grew up with the internet already there don't realise that?

I reckon with communication being that easily controlled by these cowards (cowards, because they all seem to act in tandem with big bans - deplatforming) I don't see how marginalising Bitcoin is impossible.

People are also blind to the 2 other main reasons why Big Tech and Wall Street want to shut Parler down:

1) Big Tech social media and MSM competitor (hundreds of millions would migrate from Twitter, FB, etc.)

2) Parler CEO has vowed that his company would never collect and sell user data to govt, alphabet soups, or Wall Street

The powers that be won't be having it.

Security researchers claim that the scrapped posts are linked to accounts that posted them, and some of the video and image data have geolocation information. That is said also to include data from Parler’s “Verified Citizens,” users of the network who verified their identity by uploading photographs of government-issued IDs, such as a driver’s license.

The data might prove valuable to law enforcement since many who participated in the riots deleted their posts and videos afterward. The data scrape includes deleted posts, meaning that Parler stored user data after users deleted it.

A sample quote:



https://cybernews.com/news/70tb-of-parler-users-messages-videos-and-posts-leaked-by-security-researchers/

Drinking blood from skulls sounds unhealthy, could be full of blood borne diseases.
They should at least process the blood before drinking it, and make sure the skull is thoroughly cleaned and disinfected.

[Arriemoller]

[...]

A sample quote:



https://cybernews.com/news/70tb-of-parler-users-messages-videos-and-posts-leaked-by-security-researchers/

Wow!

I wasn't aware of Parler until the recent events. I'm not a social media fan, don't do Facebook, don't do Twitter, don't do Instagram. Don't do anything of this sort.

70 TB? This is a ton of data!

Reading the above quote just shows the intellectual and moral level of some of those American "patriots". I think many of them should probably be admitted to a psychiatric hospital for evaluation. The wiring in their brains seems seriously wrong. And the sad part for them is that Trump probably doesn't give a fuck about them...


Edit:

And another... Thanks Hairy.

Picking the worst messages you can find, clearly made by disturbed individuals, and trying to pass them of as being representative for all Trump supporters is just morally and intellectually wrong. You can find tweets like this on twitter from disturbed leftists as well if you look hard enough.

[Hueristic]

Picking the worst messages you can find, clearly made by disturbed individuals, and trying to pass them of as being representative for all Trump supporters is just morally and intellectually wrong. You can find tweets like this on twitter from disturbed leftists as well if you look hard enough.

Just for fun, show me them.

[Arriemoller]

Part of the problem here is that Parler is funded by Robert Mercer.   Robert Mercer was a founder of Cambridge Analytica and funder of Breitbart.  

I think this one individual has done more to divide America than anyone else (including Trump).  And it has been highly profitable for him.  

There has been no attempt to hold Robert Mercer accountable for his actions. This needs to change. The FBI should dig into his electronic correspondence to see if he had a role in the Capitol Riots.

https://www.reuters.com/article/parler-funding-mercer/social-media-platform-parler-gets-backing-from-mercer-family-wsj-idUSKBN27V020

Robert Leroy Mercer (born July 11, 1946)[2] is an American hedge fund manager, former principal investor in the now-defunct Cambridge Analytica,[3] computer scientist who was an early artificial intelligence researcher and developer, and former co-CEO of the hedge fund company Renaissance Technologies.[2][4][5]

https://en.m.wikipedia.org/wiki/Robert_Mercer

Edit: he also supported the Brexit campaign.  This guy is dark.

Mercer played a key role in the campaign for the United Kingdom to leave the European Union by donating data analytics services to Nigel Farage.[6]

To no one’s surprise, he is a racist.

Mercer has said that the Civil Rights Act of 1964, the landmark federal statute arising from the civil rights movement of the 1960s, was a major mistake. In 2017, David Magerman, a former Renaissance employee, alleged in a lawsuit that Mercer had said that African Americans were economically better off before the civil rights movement, that white racists no longer existed in the United States, and that the only racists remaining were black racists.

I think we can solve a lot of these problems and heal America through campaign finance reform. If we stop the firehose of money flowing from billionaires to politicians, we can eliminate much of the corruption.

The Democrats control all three arms of government for two years and they have the means to overturn much of the US campaign finance laws.  This will fix at least some of the sickness at the source.  Unfortunately I have my doubts that they can do it with such a narrow majority, they only need one dissenter. 

He sounds like a good guy fighting for the freedom of countries and individuals, only a leftie could see that as a bad thing.

now, having said that, I thought we all agreed to keep politics out of this thread.

[Arriemoller]

Armed Protests being planned in all 50 State Capitols from 16 - 20 January for government buildings and courthouses.

Armed Uprising in Washington DC planned if Trump removed under 25th amendment.

https://www.independent.co.uk/news/world/americas/us-election-2020/dc-uprising-armed-trump-25th-amendment-b1785617.html

This unrest will devalue the US dollar and support the Bitcoin price.  Based on this news I am now inclined to think we are at or close to, the bottom of this dip.  

Rally from here.

Yeah, right.
You shouldn't believe everything you read.

[Arriemoller]

In addition, you only have to go back 10 years before the Brexit vote and find out that in fact the Liberal Democrats wanted an in out referendum as well. Nothing to do with Robert Mercer or Nigel Farage.

Populism made almost all the difference.
UK is about to wake up with quite a hangover after the brexit party.

That's not true, as a free independent nation they can now make trade deals with the rest of the world instead of just the EU.

They will start building a free trade area with just about everyone as soon as they can.
And that area will soon be bigger then the EU, mark my words.
Remember EFTA, that Austria used to be part of before joining the EEC? That was started by the British.

[Arriemoller]

In addition, you only have to go back 10 years before the Brexit vote and find out that in fact the Liberal Democrats wanted an in out referendum as well. Nothing to do with Robert Mercer or Nigel Farage.

Populism made almost all the difference.
UK is about to wake up with quite a hangover after the brexit party.

Source: Statista

So that shows you that the higher the education, the more wrong you are.

Or are you saying that only highly educated people should be allowed to vote? Like in the good old days when income decided who could vote?

[Arriemoller]

That is about as real a take as it gets, you must live in the UK.
In a democracy the majority decide, not the educated, the elite, the left or right.
Most who voted leave had held that view long before a referendum was called.
The only people who did not see the leave majority vote coming, were the entire mainstream media, the well heeled elite, the so called educated classes, and the Labour party who think they know whats good for working people without asking them.

And you can't influence and manipulate the majority, can you?
You seem to undervalue mass psychology, imho.


Anyway, bitcoin does one thing since the genesis block, and that is: surprise us.
When i go by the least popular opinion, imo the sustained continuation of a bull run, for example.
It seems that sideways and down are the more popular expectations, so bitcoin is likely up to do something else  
But this is another attempt to project the past onto future events, tbh. May fail as well, and certainly will at some point  

After 8 years of trying I converted a nocoiner friend yesterday and they were lucky enough to buy the dip.

possibly the birth of a new hodler?

@Bloqport
Bitcoin surges an average of 153% after every 30% pullback 🔥
https://twitter.com/bloqport/status/1348742623809384450?s=21

These +153% would bring us into $80k territory, which the tarot grandma of a WO predicted recently (didn't remember his nickname).


When zooming out, the correction looks just right. Breaking the parabola and returning to trusty, old linear projection.
Shy investors will possibly like this, too.
Confidence.
 
EDIT: and good night!

Well, the remainers tried with massive fud, but failed, so no, apparently not.