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

[philipma1957]

buddy doing heavy lifting. a nice back to back 52 then 52.5

I think I will not do any sales today.

maybe tuesday or thursday.

[1713252535]

1713252535

[1713252535]

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[Richy_T]

The idea was that home cooks could take orders or have a large meal cooked and put it on the app. People order the food like on any other food app and some delivery service comes and picks it up and delivers it. This would be for people looking to make a bit of extra money, people like my mom who like to make cookies but could never eat as many as she cooks so she just gives them away, people like my wife who can cook a five star meal but don't want to be running a restaurant with all of the headaches that come with it. Or even someone with 3 kids that is cooking a recipe that can easily add 2 or 3 more servings to send off on a delivery for a bit of spending money.

Then I checked the laws in the US and no state allows you to sell food made at home. There are some very limited exceptions such as granola bars or some shit like that.

One more thing to look forward to when it all collapses though. Home delivery of some nice old lady's chocolate cookies and side businesses for the home cooks out there.

It depends on the food and the quantity. However, it is possible to rent kitchens which would probably work well with your app. In fact, you could potentially make that part of the business. Rent the kitchen, provide the virtual storefront, take a decent sized share of the income.

[Biodom]

Just thinking about possible outcomes...
<snip>
We are going to see a WallStreetBets sort of black swan event.  Retail is going to realize they can make the price go up like CRAZY by organizing their buys.

I will probably buy $30 (or more) tomorrow just as a gesture of support, but I doubt that we are at the wallstreetbets-like moment.
Bitcoin is too complicated a concept for it to play out like this, especially before WS had a very large gulp of this stuff.
wellstreetbets peeps will probably ape into a low cost coin like ... (<-the name goes here) instead.
I think that within 3-5 days it would be a nothingburger (could be up by 5 or even 10%, but it could have made it regardless).
ETF would be an entirely another ball game.

[Richy_T]

Are we expecting McDonalds to set up a lightning wallet for their cashier to handle all of the money for that day, and then expect the cashier to make the choice between handing that wallet over to the owners at the end of the day or just quit with more than they would make in a year?

I would imagine the idea would be the POS would present a QR code to the customer and would monitor the payment in progress. No need for the cashier to be in possession of anything at any time. How funds are disbursed once received by the corporation is a different question entirely.

[Biodom]

buddy doing heavy lifting. a nice back to back 52 then 52.5

I think I will not do any sales today.

maybe tuesday or thursday.

why sell at all?
1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil).
That 1% interest is most likely deductible as well, especially if you have a LLC.
NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc.

[cAPSLOCK]

Just thinking about possible outcomes...
<snip>
We are going to see a WallStreetBets sort of black swan event.  Retail is going to realize they can make the price go up like CRAZY by organizing their buys.

I will probably buy $30 (or more) tomorrow just as a gesture of support, but I doubt that we are at the wallstreetbets-like moment.
Bitcoin is too complicated a concept for it to play out like this, especially before WS had a very large gulp of this stuff.
wellstreetbets peeps will probably ape into a low cost coin like ... (<-the name goes here).
I think that within 3-5 days it would be a nothingburger (could be up by 5 or even 10%, but it could have made it regardless).
ETF would be an entirely another ball game.

Totally agree...  and like I said, I think the majority of possible outcomes for *tomorrow* is just about what you said.

But eventually it IS going to happen.  My bet.

[Syke]

Are we expecting McDonalds to set up a lightning wallet for their cashier to handle all of the money for that day, and then expect the cashier to make the choice between handing that wallet over to the owners at the end of the day or just quit with more than they would make in a year?

Another retarded statement.

You see, bitcoin wallets have public keys and private keys. The person accepting payment (cashier) has a public key. The person moving the funds (owner) has a private key. They can be two different people!

[ImThour]

You love to see this.

[Syke]

Totally agree...  and like I said, I think the majority of possible outcomes for *tomorrow* is just about what you said.

It is tomorrow for some people. Is the ES pump working?

[d_eddie]

Hoping for buddy to lift us over 52k in 2 minutes or so

Sooner or later, bitcoin price will be over $52000

Sooner or later
She will get to twice as much
Digits on charts, cramped







#haiku

[g-uid]

Oh noes! We crashed down to 51.5k. Better call Proudhon....

doesnt someone here have him on speed dial or something?

I did  but he changed his number and told the mods to delete my

homage to him.

the block of threads 50k to 100k was removed by the mods.

since we hit 50k.

the new block of threads would be shorter.

I wonder if the mods would let me do a shorter locked  block

say:
55k
60k
65k
70k

Probably the mods do not like you.. or that diptwat yama either.

Let's go full retard (no homo) and do a homage to Roger Ver and Craig Wright and Gavin Andressen and Elon Musk while we are at it?

here is a nice little visual listing of which stores will accept Bitcoin in el salvador starting tomorrow


https://twitter.com/BitcoinMemeHub/status/1434782162742505477?s=19

Umm...I hope those aren't the only stores.

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

Hmmm I don’t use btc for small payments actually but I would love to go and buy some burgers etc at McD’s and pay with some sats ….

- especially with lightning and something close to zero fees.

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

I've read that it's actually optional, hence I do expect that - especially at start - the huge majority of stores will turn down bitcoin payments (unfortunately).

Yes.  It's optional for small rink-i-dink operations who do not have an ability to accept it, and I would not categorize any of the companies on that prior list as being sufficiently small and rek-i-dink in order to not "have to" accept dee king daddy.

It all comes down to the fact that Bitcoin is a peer to peer money. Corporations are not a peer. They are a huge conglomeration of different people getting different percentages of your purchase. In order for a corporation to get paid in bitcoin (right now) you need a corporation to act as middleman (ie. BitPay) for the company.

Wow!!!!   All this time in bitcoin, and you somehow have a view that companies are not "peers"  That's about as retarded a statement as could be made.  Surely, there might be some companies making such arguments, but no one with any brains should actually believe such nonsense, unless you are just taking such statement out of context.

One comment I found telling was of someone going into a store to buy something with bitcoin but the owner wasn't there so they had to text the owner and the owner finally sent the payment address.

Sure the coming up with excuses makes sense.

Are we expecting McDonalds to set up a lightning wallet for their cashier to handle all of the money for that day, and then expect the cashier to make the choice between handing that wallet over to the owners at the end of the day or just quit with more than they would make in a year?

Another retarded statement.  Of course, there are all kinds of people who are put in charge of handling money, and they have to hand over the money at the end of the shift - or possibly various points in between if they happen to be handling large quantities (or potentially large quantities) of money.

Bitcoin will eventually not only take down governments but also take down corporations. But for now, we're not there yet.

Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".

Yes.. small countries such as El Salvador may well be left with the choice of shutting down such company operations if they do not comply and surely some countries will not be willing to play that card, but they might be wiling to bluff or maybe play that card at a later date.  Countries, even small ones, are NOT devoid of power, even when dealing with large companies.

speaking of proudhon and old timers, what happened to realroach?

[d_eddie]

Snipping quite a bit - As good as it is, I don't want to quote this long post in its entirety.

Just thinking about possible outcomes...

I would think the outcome in most universes is underwhelming.  There might be a price spike, but not much of anything, and I would even think we would see a sort of reverse effect.  A "sell on the news" sort of event if you will.  The Bitcoin price has already been acting a little friskily.  And a cool off period would be reasonable.

But so might be another leg of this bull run.  

Only Tulips act like this.  Or the adoption curves of important new technology.

The thing about pricing bubbles is we have ONLY EVER witnessed them in some sort of commodity.

(Bitcoin) is MEANT to be money itself.  But it is still (early) in the discovery portion of it's genesis.  So the monetization of it is not the same as tulip bulbs.  In fact the PRICE of Bitcoin is it's main feature.

At some point retail is going to trip over the fact that there are not nearly enough for sale to meet the coming demand.

Thing is we have still never seen real demand.

But every holder has a price, right?  Of course, which is why Michael Saylor has been able to buy so much.  There are people out there with so many bitcoin that they could never spend it all.

But the part that has remained calm is the retail float.  "It's too late to get into bitcoin" <- is what almost everyone thinks.

Saylor knows what he is doing.

Because he has figured out  (that) at some point a fuse is going to get lit.  And tomorrow is a damn good candidate.

I predict that eventually we are going to see a WallStreetBets sort of black swan event.

But like I said before... this is different than Tulips. Because once this starts up this time a lot of folks will STILL end up left behind, because they thought they could sell.

It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.

Strap in brothers (and sister or two?).  You might not need that belt tight tomorrow.  But then again, you MIGHT.

Stop it, man! I can't spend all my merit on you.  

[d_eddie]

Totally agree...  and like I said, I think the majority of possible outcomes for *tomorrow* is just about what you said.

It is tomorrow for some people. Is the ES pump working?

She's still going up like a MF, in fact. Asians supporting El Salvador?
I somehow doubt it.

[d_eddie]

speaking of proudhon and old timers, what happened to realroach?

We don't know, but some of us suspect he's joined the choir invisible, as in: his metabolic processes might now be history.

[ChartBuddy]

Explanation

[cAPSLOCK]

Snipping quite a bit - As good as it is, I don't want to quote this long post in its entirety.

--snip--

Stop it, man! I can't spend all my merit on you.  

Haha! Thanks!  I just have these moment of clarity from time to time where I can see the way most of the paths lead to one place.  And today it just became obvious that we really are going to run into a wall soon... the good kind.  There really is no other way.

On the other hand I imagine the anti-bitcoin news is also going to ramp up.  I imagine some of it is already planned.

[JayJuanGee]

Ok, when I say dump, I mean pump obviously.

Obviously. 

Last time I checked, pump was a synonym of dump, so surely, they can be used interchangeably without any confusion whatsoever.   

[ChartBuddy]

Explanation

[philipma1957]

Still lifting it buddy.

I am liking these numbers.

[somac.]

buddy doing heavy lifting. a nice back to back 52 then 52.5

I think I will not do any sales today.

maybe tuesday or thursday.

why sell at all?
1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil).
That 1% interest is most likely deductible as well, especially if you have a LLC.
NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc.

Absoulutely! Never sell, even for massive profits. Just generate an income from your stash in one way or another.

Edit: replied to the wrong post