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

[Dabs]

Of course I understand that, it would just help in the meantime is all I mean. Layer 2 is coming and it is a good thing, but obviously still needs more time.

18 months?

LN is here, although it does say "experimental", but that's also what Bitcoin says. There's about 1085 BTC in LN right now (maybe more, I'm not updated with real time numbers.) .. just took a quick look, 16k nodes, 38k channels, 1084 BTC ($55.8 million)

And although not strictly Layer 2, the wrapped bitcoins are at least 100k BTC now.

I've dabbled a bit with LN on testnet, with small amounts. You can "buy" something called "starblocks" ... but it's not physical (and it's all testnet anyway.)

[JayJuanGee]

Dude... that has the word "crypto" in it.

Twice. 

It's gonna piss off JJG!

crypto crypto crypto


Cmon jay... gimme a batslap!   (No homo, I promise...)

I know... I know... I know... I already responded to this shit-stirring post... but the ideas contained therein may need another angle of response:






Think about it.....








One does not simply ask for a batman slap.   







A batman slap comes at a time when it is needed or deserved... and of course, it can come from any member, that's for sure.. seen some pretty decent batman slaps in these here parts.





Surely, asking for a batman slap remains a kind of provocative taunting that does deserve some degree of punishment, so I will admit that angle... .you provocative lil twat, sirazimuth. 

[Torque]

Briefly stated, the Gell-Mann Amnesia effect is as follows. You
   open the newspaper to an article on some subject you know well.
   In Murray's case, physics. In mine, show business. You read the
   article and see the journalist has absolutely no understanding
   of either the facts or the issues. Often, the article is so wrong
   it actually presents the story backward -- reversing cause and
   effect. I call these the "wet streets cause rain" stories. Paper's
   full of them.

   In any case, you read with exasperation or amusement the multiple
   errors in a story, and then turn the page to national or
   international affairs, and read as if the rest of the newspaper
   was somehow more accurate about Palestine than the baloney you
   just read. You turn the page, and forget what you know.

Now if we could just all Average Joes to treat every article they read with suspicion first, then verify (or not), they'd get a lot smarter and more savvy.

"Don't trust, verify."

Gee, where have I heard that one before?

[lightfoot]

Now if we could just all Average Joes to treat every article they read with suspicion first, then verify (or not), they'd get a lot smarter and more savvy.

"Don't trust, verify."

Gee, where have I heard that one before?

This is exactly why subscription based news is superior to penny papers: You select a news source, PAY FOR IT, and if it turns out to be crap you cancel the subscription and buy a better quality news source.

That's what Ochs did with the Times and Franklin did with Poor Richards' Almanac: Provide consistent quality information that you pay a subscription for. Hearst knew the value of shock crap news, thus came the "penny papers" where you only paid a penny but each day the news had to sell itself to your tastes. Thus salacious crap (Remember the Maine!)

Unfortunately on the Internet the penny paper model won (ad based articles) so the ones that make money are not based on accuracy but on salaciousness. In that world yes you have to research every news item to death.

Personally I prefer to outsource that to a reputable company. Sometimes even those reputable sources can be corrupted by ad revenue and shock jock crap (hello Wall Street Journal, what the fuck happened). And here we are....

[Dabs]

Bill Gates = neutral on bitcoin. Still doesn't like it, but he is on record saying he is not short on bitcoin, nor does he have any (and Microsoft too, does not want to invest at this time.) Gates is no longer on the board of MS.

[jojo69]

[Wekkel]

LN is here [...]

I am playing around with LN via custodial wallets. It's only small potatoes and custodial really works easy. Your mum could use it once she practices a bit.

Whether it will be LN or something else, the free markets will find a way to make Bitcoin roll like water out of our mobile wallets. No doubt.

[BobLawblaw]

FULL DISCLOSURE: A sell order has been placed at a price target. Looking to officially take some profit to give us liquidity to start building on the land ASAP.

[JayJuanGee]

They will surely missed it and they're the one who's been fooled. Who's next?

lol funny. All they've done for the past decade is spam B's search results with "I wouldn't buy Bitcoin, I'd buy such and such shitty stock instead".

They still mentioned bitcoin as a long term HODL.. and maybe paralleling the rational that Michael Saylor has been providing to the space in terms of his intended BTC investment timeline and purpose for investing/hedging in bitcoin to preserve value.

i actually just put in sell orders that are over $100,000/coin. felt odd kinda - almost surreal - thats like something i didnt expect to do for long time yet (least year or maybe two i figured soonest).

Haven't done my sell orders above $100k, yet... but surely feeling like I need to do them soon... I might wait until we get into the $70ks.. even though I appreciate that UPpity BTC price moves could well happen quite quickly, I am still also considering some varying other matters that could affect my choices regarding both the increments and quantities of such supra-$100k sell orders, and I frequently prefer to not have to redo my orders (in either direction) once I set them.. absent some kind of surprise happening that might cause me to feel like I need to engage in such redoings.  

By the way, I may have to reconsider my BTC buy orders, too... currently they are set at $1,000-ish increments, and it may well service my psychology and finances better to put them at $1.5k-ish increments in the near future..   got that floating around in my head, too.

Bill Gates = neutral on bitcoin. Still doesn't like it, but he is on record saying he is not short on bitcoin, nor does he have any (and Microsoft too, does not want to invest at this time.) Gates is no longer on the board of MS.

In recent times, there have been a decent number of bitcoiners who have been arguing that anyone who fails refuses to take an adequate stake in bitcoin proportionate to their wealth are effectively short on bitcoin, so sure those kinds of assertions are quite provocative, not only in the sense of the concept of "what is being short" but also the concept of what is a reasonable stake.  I personally continue to assert that from a starting point, 1% to 10% would be a reasonable stake, and surely such stake could be adjusted upon studying the space and studying one's own personal circumstances - and surely, I have also asserted that anyone with a less than 4-year investment timeline should end up either skewing in the low end of my recommended starting range and may well be the ONLY peeps who might be justified in NOT investing in bitcoin - even if lower ends of the investment range could still be justifiable and prudent, even for someone with a shorter than 4-year investment time horizon.

[Phil_S]

99 500 bitcoin millionaires

[Richy_T]

That's what Ochs did with the Times and Franklin did with Poor Richards' Almanac: Provide consistent quality information that you pay a subscription for. Hearst knew the value of shock crap news, thus came the "penny papers" where you only paid a penny but each day the news had to sell itself to your tastes. Thus salacious crap (Remember the Maine!)

Unfortunately on the Internet the penny paper model won (ad based articles) so the ones that make money are not based on accuracy but on salaciousness. In that world yes you have to research every news item to death.

Personally I prefer to outsource that to a reputable company. Sometimes even those reputable sources can be corrupted by ad revenue and shock jock crap (hello Wall Street Journal, what the fuck happened). And here we are....

I believe the dependence on advertising also affected things. When you lean almost copletely on advertising, your numbers become important at all costs. I believe most papers only charge to prevent people from using them for fuel (obviously not an issue with internet-based platforms).

[Phil_S]

500 btc to 59k @stamp?? only 500...

'Only'?

500 btc is serious loot these days.

The Monley Fool just bragged they bought 100 btc.

[Phil_S]

500 btc to 59k @stamp?? only 500...

'Only'?

500 btc is serious loot these days.

The Monley Fool just bragged they bought 100 btc.

[Gyrsur]

do you remember on this worldwide COVID-19 crisis in 2020 and onwards?  

there is a strong evidence from an research of an scientist of the University of Hamburg that the source is the Wuhan laboratory.

+++ 17:31 Hamburg researchers: there are indications that coronavirus comes from the laboratory +++

The Hamburg nanoscientist Roland Wiesendanger compiled various findings from scientific studies, articles, reports in social media and other sources in the period from January to December of last year and comes to the conclusion: The pathogen Sars-CoV-2 is not of natural origin, but comes from a laboratory in Wuhan. The physicist cites the following points as evidence for these theories:

• To date, no so-called intermediate host has been identified that proves according to the "zoonosis theory" that the coronaviruses were transmitted from bats to humans.
• A research group at the virological institute in the city of Wuhan has carried out genetic manipulations on coronaviruses for many years with the aim of making them more contagious, dangerous and deadly for humans.
• There were significant safety deficiencies in the virological institute in the city of Wuhan even before the outbreak of the coronavirus pandemic, which are documented.
• Against the background of these and other factors, Wiesendanger writes: "In summary, it can be said that there are very many indications that a laboratory accident at the 'Wuhan Institute of Virology' appears to be by far the most likely cause of the corona pandemic."

You can read more about this shortly on ntv.de.

it took a whole year to collect all points for evidence:
https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-Pandemie

[cAPSLOCK]

All bitcoins are welcome in my wallet and my nodes. I guess you could run a hacked node to block specific addresses, but man that would have to be picked up by a very large percentage of the network.

LukeJR hardcoded blacklists in his Knots node back in the day. I don't think it was widely adopted even when he slipped it into a major Linux distribution's repository. It also used tonal notation.

I still do not understand how going above $65k would cause this bull market to look more like 2013.  Are we saying that the first of two exponential price rises would come to an end, and then we would have a correction and another price rise.

Yeah, 2013 was also heavily influenced by the implosion of MtGox where for a long time, the only way to exit funds was to buy Bitcoin. Still a good year for those of use without money there though, I guess.

I may live to eat these words.. 

Each run is remembered by some characterization, event or fingerprint.  The run to 8 cents.. the run to a dollar... to 32, and so on... 

But what this run will be remembered by is, in my opinion is the domino effect caused by large investors finally getting the idea of what it is, and understanding the earlier they get in the better the return will be.  It will be bumpy, because bitcoin will "die" a few times along the way, but I think we will see a series of surges that will completely astonish the world.

It is a virtuous feedback loop.  And it is digital... so it is frictionless.

People are just starting to realize what this means.

It took me quite a while to understand "buy the dip". 

I really think that easy game is almost over...

[Gatorelf]

New poll suggestion: how many days hours before we see a new ATH?

3 nano seconds

[Dabs]

It is a virtuous feedback loop.  And it is digital... so it is frictionless.

People are just starting to realize what this means.

It took me quite a while to understand "buy the dip". 

I really think that easy game is almost over...

What plenty of people do not realize or believe or can even imagine, is that bitcoin has a path going to $10m USD and beyond. It may take several years or decades, but it will get there.

[OutOfMemory]

do you remember on this worldwide COVID-19 crisis in 2020 and onwards?  

there is a strong evidence from an research of an scientist of the University of Hamburg that the source is the Wuhan laboratory.

+++ 17:31 Hamburg researchers: there are indications that coronavirus comes from the laboratory +++

The Hamburg nanoscientist Roland Wiesendanger compiled various findings from scientific studies, articles, reports in social media and other sources in the period from January to December of last year and comes to the conclusion: The pathogen Sars-CoV-2 is not of natural origin, but comes from a laboratory in Wuhan. The physicist cites the following points as evidence for these theories:

• To date, no so-called intermediate host has been identified that proves according to the "zoonosis theory" that the coronaviruses were transmitted from bats to humans.
• A research group at the virological institute in the city of Wuhan has carried out genetic manipulations on coronaviruses for many years with the aim of making them more contagious, dangerous and deadly for humans.
• There were significant safety deficiencies in the virological institute in the city of Wuhan even before the outbreak of the coronavirus pandemic, which are documented.
• Against the background of these and other factors, Wiesendanger writes: "In summary, it can be said that there are very many indications that a laboratory accident at the 'Wuhan Institute of Virology' appears to be by far the most likely cause of the corona pandemic."

You can read more about this shortly on ntv.de.

it took a whole year to collect all points for evidence:
https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-Pandemie

Peer reviewed, no?

[Wekkel]

it took a whole year to collect all points for evidence:
https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-Pandemie

This rhymes with the NYT article: https://www.google.com/amp/s/nymag.com/intelligencer/amp/article/coronavirus-lab-escape-theory.html

The truth is already out there. The officials are just steadily ignoring it.

[Gyrsur]

do you remember on this worldwide COVID-19 crisis in 2020 and onwards?  

there is a strong evidence from an research of an scientist of the University of Hamburg that the source is the Wuhan laboratory.

+++ 17:31 Hamburg researchers: there are indications that coronavirus comes from the laboratory +++

The Hamburg nanoscientist Roland Wiesendanger compiled various findings from scientific studies, articles, reports in social media and other sources in the period from January to December of last year and comes to the conclusion: The pathogen Sars-CoV-2 is not of natural origin, but comes from a laboratory in Wuhan. The physicist cites the following points as evidence for these theories:

• To date, no so-called intermediate host has been identified that proves according to the "zoonosis theory" that the coronaviruses were transmitted from bats to humans.
• A research group at the virological institute in the city of Wuhan has carried out genetic manipulations on coronaviruses for many years with the aim of making them more contagious, dangerous and deadly for humans.
• There were significant safety deficiencies in the virological institute in the city of Wuhan even before the outbreak of the coronavirus pandemic, which are documented.
• Against the background of these and other factors, Wiesendanger writes: "In summary, it can be said that there are very many indications that a laboratory accident at the 'Wuhan Institute of Virology' appears to be by far the most likely cause of the corona pandemic."

You can read more about this shortly on ntv.de.

it took a whole year to collect all points for evidence:
https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-Pandemie

Peer reviewed, no?

not yet. it's brand new and not all is translated to English. give the scientific community some time and that will be the bomb for something we cannot imagine yet i guess.

EDIT: there was some evidence from other sources in the past too but I was cautious with my conclusion and confident the truth will come to the light sometimes in the future.