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

[Phil_S]

The world's highest infinity pool has opened in Dubai

https://edition.cnn.com/travel/article/dubai-infinity-pool-highest/index.html

[1713920992]

1713920992

[1713920992]

1713920992

[lightfoot]

It's looking like the new variants are more lethal and transmissible. Fortunately that's only to the un-vaccinated. We might have an interesting summer here in the US, with one group of people frolicking around and another dying in hospitals.

We shall see.

[El duderino_]

[El duderino_]

[Farmer Bill]

Freud would make something out of this about your inner self.

Bitcoiners would see bitcoin flowing easily through the smooth pipe and shitcoins having a rough passage through the other one.

In other news USD is down 3.7% against Bitcoin (24hr)

[LFC_Bitcoin]

@spinte8

https://twitter.com/spinte8/status/1390394981014196224?s=21

[Elwar]

Yesterday I did something I have never quite done before.  I want to share it! The tools for seamless bitcoin payments are being built very quickly now.  I think it's going to turn into a bit of a blur soon.  I  bought $100 worth of bitcoin easily and 100% privately without ever touching the base layer and then sold it for USDT, and then bought the bitcoin back again.  It was really just an exercise of proof of concept for me.  I was able to offset the 1% "fee" for the trades be getting lucky to sell high and buy low.  It only took a couple minutes, but here is what I did:

Using Strike I sent $100 of bitcoin to my Coinos.io wallet.  (no fee)
Sent those ~175,000 sats as L-BTC to my Sideswap wallet on my phone. (fee 113 sats which is ~$0.06)
Did a trade out to USDT (Liquid flavor).  (Sideswap charges ~1% I think)
Waited for BTC to drop a little.  Bought back the L-BTC (again 1%)

Now some comments.

Obviously I am KYC/AMLed by Strike.  But after that everything was basically invisible.  In fact all the things I did on the Liquid sidechain are done with Confidential Transactions.  It is not exactly Monero level privacy... but it is pretty damn good.  Even the federation members cannot know what I have done.  I assume Sideswap knows as they are acting as the trading partner.

I personally consider ALL of the transactions I did BITCOIN, though I know some folks would not.  But we are going to need to get used to making various tradeoffs to be able to use Bitcoin in all the ways we want to.  I have watched that Samurai dev froth on Twitter about Bisq adding Liquid and how terrible that is. Ironically he has donated to Haveno because of that and is essentially supporting Monero to shit on Liquid.  Ironic.

I get it.  But I think he is dead wrong.  He either needs to switch to BCH (lol) or even better Monero, or quit bitching.

Here is the lightbulb that went on for me a while back:

Bitcoin is trust minimized.  We have made various compromises to RETAIN the trust minimized nature of BTC.  This allows us the CHOICE (as in freedom) to make other compromises we deem acceptable for various use cases.  Using Strike means I am accepting the KYC/AML.  Using the Liquid sidechain means I am trusting the Liquid federation.  Coinos.io is a web wallet.  I am trusting them as a counterparty briefly when I move out my BITCOIN on the Liquid network.

But some of the voices yelling about how all that is "not bitcoin" etc also have a balance on some exchange.

LOL.

Everything I did above involves less trust arguably than that.  The point is we are seeing the tools being built out to do all kinds of transactions with Bitcoin.  Buying an island?  Base layer.  Buying a computer?  Liquid.  Beer?  Lightning.  Soon the wallets will just seamlessly let you make those decisions.  Imagine... you will be able to set your hotwallet on your phone to ask you warm storage account to top it off as needed.

I have been saying it for a while... And I know it makes the Bcash folks froth a little... but Blockstream is onto something with Liquid.

Thanks for the breakdown.

I downloaded Strike trying to do Lightning payments but then saw that you need bank account access. Unfortunately my bank set up 2FA on me and they don't like my Panama phone number so my bank account is now useless.

Some day I'll try it out. I think Biden is forcing people to figure out how to move their bitcoin around without government interference. I've been an open book the whole time. But I'm not sure if I want to be a 50% taxed open book going forward.

[Paashaas]

India is getting hammered by Covid-19. Situation over there is worse than the chaos what i saw in Brazil.

Absolute madness.

[El duderino_]

haven't hear from JSRAW for a while, hope he's good and the fam ... Think the brother is from India...

[JayJuanGee]

Jelly are we.

 

Jelly that you do not seem to know how to take that nonsense to some other thread.

Gets a bit old, phillip..

Jay has gotta be fuming about where the WOb discussion is going.


 ♫   BITCOIN! BITCOIN! , DONT BE BUYING SHITCOIN!!!  ♫  ♪     ...

Even though I react to post, and call names to you ill-focused shitstirrers, I really doubt that I am emotional about the whole matter, even if you might be reading emotion into the situation.

Jay has gotta be fuming about where the WOb discussion is going. ...

 Yeah his next one is going to be a really, really, really long post.

Length would naturally follow in something that needs to be backed up by evidence or discussion in order to attempt to clarify the point(s).

Yeah, sure, not everyone (even here) realize that it is NOT very healthy for your own brain or even likely your investment portfolio to be getting too distracted by shitcoins, so yeah historically, we have already seen that a lot of folks do like to get distracted by shitcoins, even in this thread, and some of them do end up getting fucked pretty bad because of their weaknesses in getting distracted, so sure, who knows which one(s) of you fucks are going to end up getting fucked this time.. hahahha.. Don't come come running to this thread for help after you get fucked based on your inabilities to focus ur lil selfies... #no homo.

[lightfoot]

India is getting hammered by Covid-19. Situation over there is worse than the chaos what i saw in Brazil.

Absolute madness.

*nod* I'm kind of wondering what the fuck happened, could this be the result of that stupid religious holiday a month ago? If so then man, those Gods are *pissed*

[Phil_S]

At least India have pharma factories that can manufacture vaccines.

Plenty of other countries only have one option: buying them.

[JayJuanGee]

Jay has gotta be fuming about where the WOb discussion is going. ...

 Yeah his next one is going to be a really, really, really long post.

I can hardly wait. Ill just put a dab of oil on my scroll wheel....

Don't put too much oil (speaking from experience, here).  It will get too slippery and it won't work properly.

#nohomo.

Jay has gotta be fuming about where the WOb discussion is going. ...

 Yeah his next one is going to be a really, really, really long post.

I can hardly wait. Ill just put a dab of oil on my scroll wheel....

 I think you just wrote the hook for your next hit song!

Ok... fair enough.

Even if sirazimuth's oiling experiences do not go too well, he will at least have a story to tell from it, so there is that angle, too.

I just realized if I had stayed in I would have made loads, but yeah big crash will come eventually be careful.

I'm buying after this 10% drop guys! Thank me later!

May or may not happen, budd.  Seems to not be too great to be betting on matters that might not be much further than 50/50 in terms of which direction is going to be next.. it surely is not obvious, even if you seem to be describing the matter with such insinuations.

You should not be fucking around with very BIG percentages of your BTC portfolio trying to time the market or predict the "next" direction, because you can play all the technical analysis as you want and even throw in a few reverse psychology indicators, and still end up getting fucked when the odds were in your favor.

Sure, everyone has their system, but many times it seems to be way better to ONLY be playing around with a small portion of your BTC holdings if you are betting against King Daddy.. and sure, I understand that some guys do end up having formulas that allow them to lose a decent percentage of their bets and still come out ahead by employing their various timing and directional tactics.

My son just came to me and said "Hey Dad, remember when you told me yesterday to sell 10% of my DOGE for bitcoin?"

"Yes, of course, it's a good idea to slice a little off the top"

"Well it's 60 cents now and Bitcoin is falling. What do you think about that?"

"I think you no longer need advice. Good luck with that!"

Well, he'll learn. At least he isn't changing his bitpennies into DOGE.

Oh gawd... it surely is a slippery slope, lightfoot...

You can say... "at least... blah blah blah" but then later you might find out about the various dumb shit that he did because he thought that he was smarter.. I have seen the same thing over and over.  Even with folks who you believe to have a decent grasp on matters, and they still cannot resist short-term gambling... even with a kind of roulette or flip the coin kind of gambling odds.. including having to account for having some costs (or fees) involved too.

[philipma1957]

Jelly are we.

 

Jelly that you do not seem to know how to take that nonsense to some other thread.

Gets a bit old, phillip..

Jay has gotta be fuming about where the WOb discussion is going.


 ♫   BITCOIN! BITCOIN! , DONT BE BUYING SHITCOIN!!!  ♫  ♪     ...

Even though I react to post, and call names to you ill-focused shitstirrers, I really doubt that I am emotional about the whole matter, even if you might be reading emotion into the situation.

Jay has gotta be fuming about where the WOb discussion is going. ...

 Yeah his next one is going to be a really, really, really long post.

Length would naturally follow in something that needs to be backed up by evidence or discussion in order to attempt to clarify the point(s).

Yeah, sure, not everyone (even here) realize that it is NOT very healthy for your own brain or even likely your investment portfolio to be getting too distracted by shitcoins, so yeah historically, we have already seen that a lot of folks do like to get distracted by shitcoins, even in this thread, and some of them do end up getting fucked pretty bad because of their weaknesses in getting distracted, so sure, who knows which one(s) of you fucks are going to end up getting fucked this time.. hahahha.. Don't come come running to this thread for help after you get fucked based on your inabilities to focus ur lil selfies... #no homo.

I guess you are the one that want the posts to keep coming up. As you keep quoting them.

My advice is do not buy any coin other than btc.

As for mining mine any coin that makes profit on the power you spend.

Pay the gear pay the power.

Convert the coins to BTC and fiat.

This advice holds for all coins except BTC as hodl all you can if you mine btc.

My coin holdings are more than 95% BTC

What gets old is people bring up old posts and complaining about them.

[JimboToronto]

Sats? mBTC? Cents?

Too small. Whatcha trying to go? Attract Robinhood/dogecoin kiddies?

How about hectocoins? Laszlo's pizzas cost him 100hBTC.

If you're a hectocoinaire, you can probably retire. Kilocoinaires are already rich.

 

[explorer]

The next 1st world problem we're going to have is adding a few decimal places on-chain. Hopefully direly needed soon  

Seems to me that a satoshi can be equal to anything between 1 and 10 cents USD currently and we would find it generally useful.  Especially since the lightning network ALREADY handles amounts to 1/1000 of a single sat.  Then, even with 10 cent satoshis we would be able to transact at the granularity of $0.0001.

1 cent sats puts us at Gold market cap, and 10 cent satoshis match us to the worlds broad fiat money.

We may never need to divide further depending on how the network evolves to be used.

Dollars are the new Cents.

[El duderino_]

I have good feeling about this attack on 58000.

I’m curious where it go :-)

[JayJuanGee]

I surmise know where it (fever) will brake: on doggie add-on to coinbase (super-spike?)
I just found out that i still have some etc (after the @LFC post)....it has some value now, lol (one of the most useless forks).
I better exchange to daddy (or USDC/tether?) asap.

Dang, forgot about ETC. Not sure if I can access it at all now. Never mind, not worth worrying about the small amount I may have.

I just looked at all my shitcoins added together which added to a very small amount of money (relatively speaking) a few months ago, and now the whole thing is up around 15x.. which adds up to a decent amount of money, relatively speaking (at least in terms of dollars).   I am still giving few fucks, but part of the being spoiled aspect comes from having a certain amount of valuing wealth in terms of bitcoin rather than either dollars or shitcoins, and I am not even saying that the dollar value of the bitcoin does not matter because measuring the bitcoin in terms of their dollar value does give some kind of way to gauge both the value of the bitcoins and also the value of other assets, currencies and even the various shitcoins that I hold.

Actually, relative to the dollar, maybe even most shitcoins will do better - even if they are likely to continue to lose value relative to bitcoin in the long term even while appearing to gain some value (relative to bitcoin) in the short term.

Jelly are we.

 

Jelly that you do not seem to know how to take that nonsense to some other thread.

Gets a bit old, phillip..

Jay has gotta be fuming about where the WOb discussion is going.


 ♫   BITCOIN! BITCOIN! , DONT BE BUYING SHITCOIN!!!  ♫  ♪     ...

Even though I react to post, and call names to you ill-focused shitstirrers, I really doubt that I am emotional about the whole matter, even if you might be reading emotion into the situation.

Jay has gotta be fuming about where the WOb discussion is going. ...

 Yeah his next one is going to be a really, really, really long post.

Length would naturally follow in something that needs to be backed up by evidence or discussion in order to attempt to clarify the point(s).

Yeah, sure, not everyone (even here) realize that it is NOT very healthy for your own brain or even likely your investment portfolio to be getting too distracted by shitcoins, so yeah historically, we have already seen that a lot of folks do like to get distracted by shitcoins, even in this thread, and some of them do end up getting fucked pretty bad because of their weaknesses in getting distracted, so sure, who knows which one(s) of you fucks are going to end up getting fucked this time.. hahahha.. Don't come come running to this thread for help after you get fucked based on your inabilities to focus ur lil selfies... #no homo.

I guess you are the one that want the posts to keep coming up. As you keep quoting them. \

Now you want to blame me for your feelings that you have to defend your shitty, off topic posts?  Jbreher used to make the same kinds of nonsense assertions attempting to defend why he was talking about shitcoins, and perhaps he is going to come back because his favorite shitcoin, also known as bsv, has been pumpening in recent times.

My advice is do not buy any coin other than btc.

Well, that's good.

At least some of us can be less mad at you in regards to that ideological position, even though I was not making any claim about your ideology but instead your wanting to post off topic shit in order to edumacate us in ways that you believe that your shitcoin is supposedly related to bitcoin because you have been making more bitcoin from it blah blah blah.

As for mining mine any coin that makes profit on the power you spend.

Pay the gear pay the power.

Convert the coins to BTC and fiat.

This advice holds for all coins except BTC as hodl all you can if you mine btc.

My coin holdings are more than 95% BTC

Yes.. and you are concluding that your information is relevant to this thread, and I am suggesting that there might be a better place to post.  You can do what you want, and we surely can have differing opinions.. that's for sure.

What gets old is people bring up old posts and complaining about them.

Your perspective here comes off as a bit strange.

You want to suggest that posts need to be responded to in a "timely" manner?  Otherwise, they should no longer be responded to and worse yet, quoted? 

Seems a bit strange to me, but sure, you are "entitled" to express your opinion, which you have even if it seems a bit dumb and opportunistic to me.. because sometimes people (including yours truly) might not be able to read or respond to posts within the timeline that you would like to impose upon "us" (royal of course), and you seem to be suggesting that it is disingenuous or whatever to quote an older post that might have not been seen earlier.    By the way, sometimes members will cite topics from several weeks or months earlier because they had not seen those posts earlier, even though I will concede that there does seem to be a wee bit of recentcy bias in this thread in terms of sticking to topics that are "currently trending" or whatever.

In any event, I do consider that you are grasping at straws a bit or maybe even merely arguing for the mere sake of it when you are trying to oppose my response based on its timeliness.  Sure, through the years, I have surely witnessed more ridiculous claims than that timeliness claim through the years, but you do have a decent running in such ridiculous competition at this point with that assertion that responses to posts need to be made in a timely manner (whatever that means?)  ..     

[LFC_Bitcoin]

Sats? mBTC? Cents?

Too small. Whatcha trying to go? Attract Robinhood/dogecoin kiddies?

How about hectocoins? Laszlo's pizzas cost him 100hBTC.

If you're a hectocoinaire, you can probably retire. Kilocoinaires are already rich.

 

This is the issue I have, too much to remember.

1BTC
0.3BTC
0.06BTC
0.004BTC
0.0002BTC

^^

Is fine by me.

[Sayeds56]