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

[OutOfMemory]

boo-hoo regarding 'hating on' Apple.
I use it as well as windows, linux, android.

Basically, I could care less, but iOS spies on you a little less than Android or so it seems.
5-6 year old iphone (like 6s) still has a bit of residual value while my more recent Android phone has none (or something so small as to not being worth selling or trading in).

I liked it for my uses. They just went a different way down the roads of development and design. Each OS has its positives and negatives, but apples policies got worse too over the years. I also had access to a one-man service company (not certified), cool nerdy guy, but chain smoking and always stressed out. Got cancer and quit the business. He was like "tell me which software you need, no matter how much, just give me ten bucks for the dvd's"  

[1714277344]

1714277344

[explorer]

Bitcoin does its own thing. With a fresh outlook of another $2+ trillion spending ahead, I’m not worried about the narrative of Bitcoin the next few months.

At this point I've completely given up any hope of any sort of austerity measures in the U.S.

I'm hoping that the MSM "doom and gloom" narrative continues on indefinitely, along with continual money printer go brrr. The smart who see through the lies and the pandering, opt out of the fiat monetary system, and invest in Bitcoin and other deflationary assets will gain in wealth and eventually inherit the earth.

The ignorant and hopelessly stupid will continue to put faith in politicians to right the ship, stop printing money to excess, and somehow magically create jobs (none of which will ever happen). They will slave away their whole life, only to die poor and miserable. Unfortunately they can't be helped, they can only help themselves.

The only problem with this is that the same people which put their trust and faith in those politicians to try to save them are going to be the same people which are going to see we had profited massively from our investments and are going to go crying to them and ask them to tax our profits at 90% or something ridiculous like that out of some sort of distorted sense of fairness, and obviously those same politicians that are sinking their countries will try to comply.

This is why it is also important to not flaunt your riches, at this point in time it is not only critical to hold bitcoin, you need to also conceal that fact, and if you can, play dumb whenever someone asks you a question about the topic so you do not bring unwanted attention to yourself.

Need the printer to print dollar change  

Unlikely, the US loses money on each penny they produce and soon enough if they keep the printers going on it will include other coins as well.

https://en.wikipedia.org/wiki/Penny_debate_in_the_United_States

   
   When there is enough Bitcoin wealth, we will buy 2 countries and run them as we see fit.  One for the collectivists, one for the independents. 

[explorer]

So, today, I did some degenerate sat stacking. Feelin' pretty decent. Looks like I'm gonna get filled @ $35,000 soon, at this rate. Orders placed all the way down to $33k.

01/16/2021 XX:XX:XX   BTCUSD   Buy   Limit   $35,500.00 USD   0.00704225 BTC   $250.00 USD   Filled
01/16/2021 XX:XX:XX   BTCUSD   Buy   Limit   $36,000.00 USD   0.00694444 BTC   $250.00 USD   Filled
01/16/2021 XX:XX:XX   BTCUSD   Buy   Limit   $36,500.00 USD   0.00684931 BTC   $250.00 USD   Filled
01/15/2021 XX:XX:XX   BTCUSD   Buy   Limit   $35,500.00 USD   0.00704225 BTC   $250.00 USD   Filled
01/15/2021 XX:XX:XX   BTCUSD   Buy   Limit   $36,000.00 USD   0.00694444 BTC   $250.00 USD   Filled
01/15/2021 XX:XX:XX   BTCUSD   Buy   Limit   $36,500.00 USD   0.00684931 BTC   $250.00 USD   Filled

Lots of deja vu doing this stuff. Don't like hitting targets more than 3x

That does have a nice ring.

[d_eddie]

Only works in the day

Also, I don't know why, but I can't manage to get it to work indoors, even with the windows open!

[vapourminer]

Only works in the day

Also, I don't know why, but I can't manage to get it to work indoors, even with the windows open!

obviously the solar panel and battery need replacing; theyre worn out. its a bitch to replace though.

[JimboToronto]

Only works in the day

Also, I don't know why, but I can't manage to get it to work indoors, even with the windows open!

obviously the solar panel and battery need replacing; theyre worn out. its a bitch to replace though.

Maybe you just need to turn the gnomon to wind it up.

[vapourminer]

Only works in the day

Also, I don't know why, but I can't manage to get it to work indoors, even with the windows open!

obviously the solar panel and battery need replacing; theyre worn out. its a bitch to replace though.

Maybe you just need to turn the gnomon to wind it up.

but which way to wind it? left or right?. is it opposite in the different hemispheres? or if you look from the back?

[JayJuanGee]

the use of the term "crypto" is one of the reasons why "crypto" is such a scammy shitshow.

Crypto for cryptography.
What you're saying sounds like, "V" for "vendetta" is now "V" for "vaccine".

"crypto" is an invalid categorization which implies shitcoins belong in the same category as bitcoin.

Cryptocurrency is the word you're looking for. BTC unfortunately falls in this category - once upon a time it was alone in this category.

It seems that 600w, and me and others are largely criticizing the way that the term crypto or cryptocurrencies is used in order to suggest that there is some kind broad category that exists and bitcoin just happens to be one of them and some kind of vague misleading effort that does not really put bitcoin in the right context in comparison/contrast to various scams and shitcoins that are lumped into the same category.

So in the end, it does not really matter if you use the term crypto or crypto-currency(ies) if you are not clarifying bitcoin versus the various imitators, scams and wannabes.

600w seemed to explain the matter well-enough so there should be no real need to explain further or to quibble with his explanation unless you are mostly agreeing that he is correct and you just want to supplement his explanation in one way or another.  As long as any explanation ends up putting bitcoin on top and criticizing the others as largely crap, then you are largely heading in the right direction.  If you attempt to defend the vague and misleading use of the term without criticizing the various shitcoins and making sure that you clearly and unambigously put bitcoin on the top, then you might either be missing something or you are giving too much benefit of the doubt to various shitcoins.

Personally, I doubt that i go as far as 600w seems to do in seeming to absolutely and unambiguously call all non-bitcoin projects as scams and worthless, but I consider myself as not being too far behind him in terms of accepting that perspective... and I kind of think, whenever in doubt, start by calling them shitcoins first, before saying anything nice about them, and if you do need to say anything nice about any of the shitcoins, make sure that your seemingly nice comments are intertwined with making sure that you are not agreeing that they are anything but a shitcoin or a scam... even though they might have some short term pumpening and dumpening potentials.

to noobs this false framing leads to a completely fucked up and weird understanding of the entire phenomenon. noobs tend to think about different types of "crypto" as if they were different sports teams that compete in a league or as different stocks of various companies that compete for performance. this is utter and complete bullshit.

That's why one must focus on the cryptography part.
It's also self-explanatory on why other cryptocurrencies are not really needed ever since we've had BTC.
Never forget the decentralized nature of BTC, compared to (most) alternative centralized cryptocurrencies.

I am not sure about your reference here, CT.  Cryptocurrencies did not really exist before bitcoin.. so bitcoin started out the matter, and then various shitcoins proliferated to attempt to create a use case for themselves or alternatively to prey upon the possibility that bitcoin might some day day or fall in its dominance of the category.. which has not happened, and the vast majority of coins (if not all of them) are just snake oils salesmen.. and probably the ONLY valid ones would be the ones that acknowledge king daddy bitcoin and do not attempt to try to suggest that they are better than bitcoin or equal or that they are addressing some supposed deficiencies in bitcoin.  So if they are attempting to build upon bitcoin without really creating their own currency and maybe just pegging to bitcoin, then perhaps those kinds of projects might be worthy of saying good things without necessarily denigrating them along the way.

either "cryptocurrency" is a valid category and only bitcoin is in it or crypto means outright scam and bitcoin does not belong in it.  

But it does belong, and so do the scammy others. Totally distinct from BTC though.
The way I like to think of it, is that the sole existence of alts, is to get your BTC.

As long as you denigrate shitcoins, probably no problem with using them in the short term.. 

[explorer]

   Nothing to see here.  Move along.

Would be nice to have this channel all the way to 200K.
When is the intercept  ? My guesstimate is around May 10-17 (based on the channel's look).

Some intersections.  Some of them startling in their proximity to now.

[explorer]

   Nothing to see here.  Move along.

Would be nice to have this channel all the way to 200K.
When is the intercept  ? My guesstimate is around May 10-17 (based on the channel's look).

Some intersections.  Some of them startling in their proximity to now.

The fun part, is that when it makes a big break from this channel, it's likely to the upside - parabolic on the log chart 

[BobLawblaw]

Had some powder left on Gemini that I can't move yet, but can trade with. Placed orders @ $34,500 all the way down to $30,500.

Seems the Yellen announcement has some people spooked.

[somac.]

Had some powder left on Gemini that I can't move yet, but can trade with. Placed orders @ $34,500 all the way down to $30,500.

Seems the Yellen announcement has some people spooked.

meh. In another week we'll be heading for the stars again. I reckon 34 will be around as low as we go.

[DaRude]

Before you read it elsewhere.
Fasten your seatbelts guys.

On January 18 Grayscale added 16,244 BTC to their Bitcoin fund!



More than 600,000,000 inflows on a single day.
Highest BTC inflow ever.
Highest USD inflow ever.
More info here, on my GBTC Observer thread.

Any info on others besides GrayScale piling into BTC? I mean what if they decide to 'slack off' and slow down purchases now due to the 'caution' of a pullback

and wait for the pullback to buy again? Is there enough PayPal and other Traditional Investors now in play, to at 'least' keep the price sideways?

Or are we looking at the usual 'Bitcoin you merciless bitch' ..plain old 50% pullback...brief or otherwise?

Thanks, just wondering if the current BTC price is a 1 trick pony with GrayScale hype/FOMO mostly.

Brad

Edit: You 'hang around' WO Bitcointalk Thread enough and info will eventually fall from the sky...anyway...link to some of my questions in article below.

https://medium.com/coinmonks/grayscale-trust-and-the-effect-on-crypto-prices-3bbd49d6fcb7

It's not like GrayScale is buying themselves with their own funds, they're just a vehicle for others to get exposure to BTC. When/if ETF fund will get approved they'll drop hard and their premium will go away, because all of the investors would switch to ETF with lower fees. If investor interest dries up altogether then BTC price will correct accordingly

[True Myth]

Seems the Yellen announcement has some people spooked.

What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements".

The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago.

Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts.  All of this solely because it was in the form of BTC and can be seen on the block chain.

If this transaction happened via cash, no one would know any of these details. It never would of been brought to light.  

To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car.  If it wasn't for that light you wouldn't know there was a problem in the first place.

When will these people start using the tools instead of blaming them?

[OutOfMemory]

Had some powder left on Gemini that I can't move yet, but can trade with. Placed orders @ $34,500 all the way down to $30,500.

Seems the Yellen announcement has some people spooked.

Imho just another pro-regulatory voice, nothing more.
The title of the video is irritating, though.

[Wekkel]

A piece countering some of the FUD surrounding Tether: https://threadreaderapp.com/thread/1350741870868111360.html

[El duderino_]

The thing is, traditional watches are functional jewelry. Every digital watch comes off like a modern toy in comparison.
Never saw a digi watch that did fit to an elegant suit, they always look cheap somehow.
But this thing is a monster, purely for attraction (and obscurity?)
Nothing beats a classic Rolex imho, but you need big hands as well to make em look really good.

Agreed. Pocket watches are always the best, but if you need an amazing wristwatch I would recommend a Hamilton 505 Ventura or even the Pacer. Futuristic in 1961, futuristic in 2021 (holy crap, it's been 60 years)

You read this article about Grayscale today? It was linked two or three pages back. (Spoiler: look out for the 2nd of Feb and the days after.)
Hope you're wrong because of DCA-dipping no more possible at around $36k?

EDIT: Here it is, for your convenience. Very bullish read, that is.

https://medium.com/coinmonks/grayscale-trust-and-the-effect-on-crypto-prices-3bbd49d6fcb7

Brother why to look for 2nd of February?? Whats happening? The only thing I know is that my GF has her Bday the 2nd of February and i'm not going to sell any coins and certainly no big amounts for the event...

[Karartma1]

Seems the Yellen announcement has some people spooked.

What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements".

The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago.

Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts.  All of this solely because it was in the form of BTC and can be seen on the block chain.

If this transaction happened via cash, no one would know any of these details. It never would of been brought to light.  

To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car.  If it wasn't for that light you wouldn't know there was a problem in the first place.

When will these people start using the tools instead of blaming them?

They are still afraid of those tools, they will never get to complete the first they hate you cycle. They can't do that with bitcoin.

[heslo]

A piece countering some of the FUD surrounding Tether: https://threadreaderapp.com/thread/1350741870868111360.html

I posted a few weeks ago regarding all the Tether noise. I said back then I don't see how it's a scam and after reading this it confirms my suspicions. Thanks for posting it!

[BobLawblaw]

https://twitter.com/whale_alert/status/1351815346852917248