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

[Karartma1]

New development and innovation will be added to the existing Bitcoin network backbone as 2nd-layer add-ons (LN is one such example and there are, and will be, others). Bitcoin is currently a huge decentralized network, the size of which the world has never seen before. It is by far the fastest computational entity currently in existence on earth. This achievement is not easy to replicate. Apart from its vast size, it possesses features no other network of its kind possesses. Bitcoin is decentralized, trustless, immutable, borderless, scalable, super-hardened, super-robust, deflationary, scarce, not owned by any specific entity. It's all of the above and more. All at the same time. These are not blockchain properties, they are Bitcoin properties.

Just as new, innovative internet technologies are added on top of the tried, tested and robust TCP/IP layer, so will new, innovative technologies be added on top of the Bitcoin network backbone. There's no need to reinvent the wheel when the wheel is the optimal strategy. There are 100s of car brands, but their products all use wheels, because anything else is sub-optimal. Bitcoin is the "wheel" of the digital monetary revolution, and it will be used for decades to come. We, as Bitcoin HoDLers, are now tapping on the fundamental building block of a monetary instrument that will shake the foundations of the world's financial and wealth infrastructure. The avalanche has started, it's getting bigger, and it's unstoppable.

If anyone thinks an altcoin can easily replace all of the above, he is deluded. It's just a matter of time. You can either understand the tech, realise its potential and embrace it, or wait until you are forced to do so. It's up to you.

No shitcoin has replaced bitcoin in over ten years.
And no will do that for the rest of our lives.

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[1614537627]

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[lightfoot]

No shitcoin has replaced bitcoin in over ten years.
And no will do that for the rest of our lives.

God I wish people would stop with the shitcoin stuff. Ethereum is a coin in bad faith, has been ever since the DAO "reversal" which showed everyone just what ether really is and what they think about ownership.

You own bitcoin. You don't own ether, they let you have it. For now.

[xhomerx10]

https://twitter.com/woonomic/status/1353347955793645574?s=20

https://twitter.com/woonomic/status/1353347957144178688?s=20

https://twitter.com/woonomic/status/1353347958524112896?s=20

 This whole "aquatic life" narrative has never really worked for me.  How are there any Bitcoin hodlers currently under water?!  If you are, you're doing it wrong.

[dieselmeister]

https://twitter.com/woonomic/status/1353347955793645574?s=20

https://twitter.com/woonomic/status/1353347957144178688?s=20

https://twitter.com/woonomic/status/1353347958524112896?s=20

Should an octopus be more like an 8?

[JimboToronto]

https://news.bitcoin.com/bitcoin-whales-grow-after-price-bottoms-analyst-says-coins-are-moving-to-very-strong-holders/

...According to onchain statistics, bitcoin whales with a balance of more than 1,000 bitcoin are growing and the recent BTC price drop helped bolster the metric. A few days before the drop to the $28k zone, BTC prices were coasting along between $35k to 38k in USD value. The drop to $28,800 per bitcoin on Thursday, was the lowest price drop so far this year. But the dip did not last very long and Glassnode stats show that the number of addresses with more than 1,000 bitcoin has increased significantly...

...“Suddenly there’s a whole bunch of newly minted whales…. holders of 1000BTC / $32m of BTC. I’m seeing more whales coming in on this dip,”...

...Coins are moving off the market to very strong holders, the ones that keep accumulating without selling...

To all HODLers: Cheers!



To all sellers: Sorry!

[Wekkel]

A few short term scenarios on the BTC price developments: https://qcpcapital.medium.com/market-update-22-jan-2020-9f21a61b7571

[Torque]

No shitcoin has replaced bitcoin in over ten years.
And no will do that for the rest of our lives.

God I wish people would stop with the shitcoin stuff. Ethereum is a coin in bad faith, has been ever since the DAO "reversal" which showed everyone just what ether really is and what they think about ownership.

You own bitcoin. You don't own ether, they let you have it. For now.

People want to pass up value today for supposed value in the future that may never come.

Case in point, if you hypothetically froze the codebase of every cryptocurrency in existence today and said there would be no more updates to them, ever.

Bitcoin:
The existing codebase has so much almost perfect set of attributes/functionality/security/value as deflationary money and settlement that, frozen in its existing form, could still one day become a world reserve currency. It's that good, even as-is. The devs would never have to touch another line of code and still it shows the amazing value it gives you today and into the future. If no other crypto existed but Bitcoin, the world of the future would be fine. Better than fine, actually.

Shitcoins:
Nope, every single one of them base their current value on "new functionality coming in future", "new promised updates", "future extensions", "coming infrastructure re-platform 2.0/3.0/4.0" etc., etc. Freeze their codebases and their worthlessness would be exposed overnight. And almost all of them are still awkward solutions looking for problems and use cases that either don't exist, or are not really a problem at all. Get rid of them all, and the world wouldn't miss a beat or care. That alone shows you how shallow/flimsy they all are.

[El duderino_]

Good morning Bitcoinland.

Sideways 'r' us... currently $31967USD/$40728CAD (Bitcoinaverage).

The winter (N. hemisphere) doldrums. Blah.

Looks like it could be good food but what horrible presentation.

They could have spread it out to fill the plate, separating the different foods and arranging them by shape and color.

Instead they just dumped it all in a heap in the middle of the plate. So careless, so lazy.

Reminds me of "Nouvelle" cuisine. What a scam that was. Cheaper ingredients, lazier preparation, smaller portions, higher price, no care in presentation. Total ripoff.

Still, despite the presentation, the food looks it's probably delicious.

The Dude must replies..... LoL (not much else to say ....) maybe better to stay with Mexican burrito’s etc   

Jimbo a respected member and best opinions with BTC

Jimbo a complete n00b when we talk food....

 

[DaRude]

BSv is totally not a cult, nope not at all

[Torque]

BSv is totally not a cult, nope not at all

Psychologists who would compare this message to the writings of the actual Satoshi would say that CSW is definitely *not* Satoshi, because Satoshi never ever wrote narcissistic, delusional statements like this.

[JimboToronto]

The Dude must replies..... LoL (not much else to say ....) maybe better to stay with Mexican burrito’s etc...

Jimbo a complete n00b when we talk food....

Mexican burritos? Some turista junk food made with wheat tortillas? LOL  Is that what you think of Mexican cuisine? Maybe you think spaghetti and meatballs is the ultimate in Italian or consider chop suey to be real Chinese.  

Noob? I was raised on Larousse Gastronomique and studied Careme and Escoffier before you were born.
___
 
Don't get your knickers in a knot.

I wasn't  even commenting on the quality of the food. My issue was the sloppy nouvelle-cuisine-style presentation.

[DaRude]

BSv is totally not a cult, nope not at all

Psychologists who would compare this message to the writings of the actual Satoshi would say that CSW is definitely *not* Satoshi, because Satoshi never ever wrote narcissistic, delusional statements like this.

If i was asked to say the most anti Satoshi thing i could think of i'd be hard pressed to think of something better that this

...I will burn Cryptocurrency to non existence and have the US government collect the ashes...

In any case, expecting mass carpet lawsuits against every dev next, hope they're ready and coordination is being prepped

[d_eddie]

All talk, no substance. Actually filing suits would be CSW's undoing. Can he really afford so many lawsuits, especially in jurisdictions where he's being eagerly awaited for other legal issues? Let him talk all he wants. Bcash is bcash and it's going to zero if we wait long enough.

[OutOfMemory]

BSv is totally not a cult cunt,

FTFY

Here's some spam pic of a swan from today's walk to the lake, to sweeten up the sideways range bound (aka. boring) price action:



Manual focus because of autofocus malfunction due to coldness. So not perfect sharpness on the spot, but good enough for this shot.

EDIT: Time for a pump, isn't it?

[Wekkel]

Jimbo a complete n00b when we talk food....

He should visit you in Antwerp 

[Biodom]

https://twitter.com/woonomic/status/1353347955793645574?s=20

Interesting classification, albeit the one that is not 'realistic'.

As I posted before, according to the prevalence of whales in the wild, you are a bitcoin "whale" with 75-80 btc and a "blue whale" with above 200, so woonomic's reference is wrong (albeit it is mostly for fun anyway):

https://bitcointalk.org/index.php?topic=178336.msg56082450#msg56082450

[Torque]

In any case, expecting mass carpet lawsuits against every dev next, hope they're ready and coordination is being prepped

File a motion to dismiss, lawsuits with no merit get thrown out easily.

Easy peasy, no coordination needed.

I'm sure CSW already knows this, but his followers don't because they are a special kind of idiot.

[OutOfMemory]

In any case, expecting mass carpet lawsuits against every dev next, hope they're ready and coordination is being prepped

File a motion to dismiss, lawsuits with no merit get thrown out easily.

Easy peasy, no coordination needed.

I'm sure CSW already knows this, but his followers don't because they are the special kind of idiot.

People following a dude calling himself "the punishment of god..." certainly have to be a very special kind of idiot 

[Torque]

In any case, expecting mass carpet lawsuits against every dev next, hope they're ready and coordination is being prepped

File a motion to dismiss, lawsuits with no merit get thrown out easily.

Easy peasy, no coordination needed.

I'm sure CSW already knows this, but his followers don't because they are the special kind of idiot.

People following a dude calling himself "the punishment of god..." certainly have to be a very special kind of idiot  

Ya'know, it doesn't surprise me at all that cults could form around certain cryptocurrencies, with their originators thought of as messiahs.

In fact, Keith Raniere is in a jail cell somewhere, looking at what CSW is doing, and thinking to himself "Now why didn't I think of that! I could have been rich, but all I got was some tail!"  

[JayJuanGee]

#Bitcoin was $3 when this segment ran on Fox Business

https://twitter.com/DocumentBitcoin/status/1353335361473302535?s=20

That guy is either rich or kicking himself in the head every morning.

Yeah thats for sure, I hope someone with the correct talk at that time... Kept his believe and knowledge in the matter, if so then he deserves to be rich at this time.

I couldn't agree more ! But why am i still poor ?

Because you failed and refused to stack sats.

You got caught up on some losses that you made (Gox or whatever), and then you got attached to whining about such losses without actively engaging in reasonable and prudent activities to protect and assure your own interests .. especially failing/refusing to pee pare ur lil selfie for UPpity.

Sure, sucks to be you, but you really have no one to blame but yourself, and you still seem to be whining about your lack of preparedness.

Just think about a mere 5 months ago, a decent quantity of bitcoin could have been bought in the $10ks and now would have more than 3x value. 

Hey, I am not really into lump sum investing, but really, the last 3 years had provided a lot of opportunities to acquire BTC for way less than $10k per BTC on average.. just with DCAing with about $50 per week could have gotten you a whole bitcoin by now with over 3.5x of profits, and of course, more aggressive investment could have gotten you more... maybe not exactly rich, but not a bad return on investment either. 

Of course a longer period of time, such as 7 years of regular modest DCA investing into bitcoin (which would have been about the time that you found out about your MTGox issue), would have gotten you even greater returns of something like more than 22 BTC and about 41x returns.. nothing to sneeze at, even if you would not consider yourself as being rich with 22BTC and modest investing over the years.

So some of us have had modest means over the years and have ONLY been able to invest small portions of value because of our cashflow, but have been feeling quite giddy in recent times because we have become much better off because of bitcoin, even if we might not feel rich, exactly.  Of course, mistakes can be made, too in terms of not getting 41x returns that would have happened over such a 7 year period of time.. and probably I am around 30x instead of 41x.. but hey I am not complaining.   

And, then there are pretty BIG ass mistakes such a mindrust who seems to have sold his 10 accumulated bitcoin at a quite inopportune time, but maybe even mindrust is doing better than you, eXPHorizon, because I am pretty sure that he bought back 1 BTC... which many of us consider to be a wee bit lame and even bordering on retarded, but it is not as retarded as being a whinny no coiner who is still whining about the coins that he lost on MTGOX and fails/refuses to take a reasonable and prudent BTC investment approach that would involve DCA and perhaps a few other reasonable and prudent strategies such as buying on dips.