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

[Apocollapse]

Hungarians done great job for great Satoshi Nakamoto

We are all Satoshi except Craig Steven Wrong.

[hisslyness]

anyhow... on another note.

Bitcoin Core has completed downloading the blockchain.

Next Step, fund my lnd node.

Generated the Bitcoin OnChain wallet. A little scary, as i just discovered that your can not just dump the privkey like you would with and ordinary Bitcoin Core Wallet. Infact it is a bit of a mission, involving/using mnemonic decrypting websites and converting them to BIP82 private keys or download other tools to interact with your lnd wallet.db

Kind of feels like "not your keys not your bitcoin". But overall i think it is safe to assume my seed phases will give me access to them again in the unlikely event of a hardware failure.

Anyhow, i had sent the remaining amount i had left over in my coinbase account to the OnChain wallet. A little over 0.125 or 12,500,000 SAT ready to do my part.

{
    "total_balance": "12504925",
    "confirmed_balance": "0",
    "unconfirmed_balance": "12504925",
    "account_balance": {
        "default": {
            "confirmed_balance": "0",
            "unconfirmed_balance": "12504925"
        }
    }
}

Still waiting on confirmation.... but planning my channels and connections now.

If any WO members are interested in opening channels send me your lnd node public address. If we can all connect to atleast 4 members each we will have plenty of routes to use and if anyone is planning on setting their own lnd node, more than happy to help.

[JayJuanGee]

[edited out]
We may well have a beer at the $1m party  

I remember a lot of parties (at least on the books) - notable, $1k, $10k, $100k, and now the $1 million party...


Yes.. for sure.. jelly tomorrow...

Let's do it.  

[edited out]

Huh? I thought we were talking about the $100k party, no? Now it's the $1M party?

Actually I like the change. $100k seems so close, almost a no biggie, boring even ($100k boring? WTF?). $1M will be so cool...until it becomes boring too, and we aim for $10M.

That's right.

$1 million.. for sure this time.

 

Well, no, $1M will never be boring, because of that 'M' in there. This should bring many of us to "fuck-the-universe" status!

There is a kind of funny thing in terms of some of these exponential expectations... at least for those who have been able to hang onto a decent quantity of BTC along the way up...

I frequently have been suggesting a minimum of 1 full cycle, and gosh two to three cycles brings more assurances - even for those merely contributing small amounts of value on a regular basis.

Consider the not to aggressive but fairly persistent dollar cost averager who had been contributing $50 per week for the past two cycles (that is 8 years), and surely more than half way to spot price fuck you status.. and putting another 20x on that cat's situation is going to surely put him/her into solid FU status territory (so long as s/he is able to hang onto most of those coins along the way UPpity)....

And remember, many of us would consider that $1 million is within decently reasonable grasp for the next cycle... and surely 2x to 5x of $100k still does appear reasonably within grasp of this particular cycle, whether the spot price top of this particular cycle plays out this calendar year or if it takes us up to a few quarters into 2020 to play out...

You are not going to find me grumbling at all with current standings either with $15,500 as the 208-week moving average and $23k as the 104-week moving average - I had created another chart too and there may well be some reasonableness to consider those averages to be moving up 30% to 50% per year for the remainder of this cycle and even perhaps for the whole of the next cycle too.. based on both historical numbers but also they are conservative lagging indicators.  Some claim that the CAGR (compounded annual growth rate) numbers for bitcoin have historically been close to 100  (that is 100%), and I don't really like those kinds of assessments for projecting into the future, and even looking at my own past numbers I am considering 60-80 to be more reasonable historical assessments, and even projecting 40 (CAGR) on average into the future (of maybe 5 years or so) seems reasonable, too.  

[edited out]
Well, no, $1M will never be boring, because of that 'M' in there. This should bring many of us to "fuck-the-universe" status!

In my case the M means "Fuck you, i can travel anywhere!"  
(Without taking too much from the digital family treasue)

What's your anticipated timeline, OOM?

The next cycle?  Do you have plans to just retain a certain amount of coins no matter what?  

There surely can be various contingencies attempting to deal with both the projection of how long it might take to get from here to point A, point B, or point M.. but then what to do along the way because getting to point M is not guaranteed... so does anyone want to be fucked if we get to some place short of point M and then go into some kind of going to zero scenario, which is not a zero possibility way of history potentially playing out.

[savetherainforest]

[...]

{
    "total_balance": "12504925",
    "confirmed_balance": "0",
    "unconfirmed_balance": "12504925",
    "account_balance": {
        "default": {
            "confirmed_balance": "0",
            "unconfirmed_balance": "12504925"
        }
    }
}


[...]

Ape!!! Learn to use ASCII or at least barely some "_asm" language.     

[aysg76]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

So she would also agree that most of the so called currencies are not backed up by any so called federal reserve?

But yes she has not mentioned bitcoin in her statement so if she is taking about all those shitcoins then she's visionary

[hisslyness]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

So she would also agree that most of the so called currencies are not backed up by any so called federal reserve?

But yes she has not mentioned bitcoin in her statement so if she is taking about all those shitcoins then she's visionary

hedging her bets!.. If Bitcoin becomes a dominate world wide currency, she can say i meant crypto was bad, you know ETH XRP and all that crap, i never said Bitcoin was bad! i always like Bitcoin. I pay for my tanning session with Bitcoin over LN routed/processed by the guys and gals over at the WO.

[JayJuanGee]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

Read again  
"Cryptos" are not Bitcoin!
Wouldn't fit the lady if she said "Shitcoins" instead of "Cryptos"  

EDIT: While El Salvador made Bitcoin actually a currency  

I don't know if we should say that this is exactly the point... because technically, Lagarde is not incorrect.. cryptos are not currencies..

that is fucking correct.

bitcoin has been made a currency in El Salvador.. that is correct.

but part of Lagarde's problem is the same as a lot of other folks, she is both afraid to use the word bitcoin and she comes off as more than a wee bit desperate in terms of how she responded. and framed the matter. that leaves a bit ambiguous.. what the fuck she talking about.?   even if there is some technical correctness in what she said..

[ChartBuddy]

Explanation

[JSRAW]

Random news : India has administrated 22 Millions vaccines in a single day.

[savetherainforest]

Random news : India has administrated 22 Millions vaccines in a single day.

KKK....... Waiting for the death count into the billions by the next 2-3 months then??              

[JSRAW]

Random news : India has administrated 22 Millions vaccines in a single day.

KKK....... Waiting for the death count into the billions by the next 2-3 months then??              

Reincarnation is big thing at home so.. 

[Biodom]

@jjg:

"sure someone like you, Biodom, remain so damned whiney about this whole BTC situation because you had never really been too bullish about bitcoin, including your somewhat whimpy allocation of a lump sum investment of around 20 BTC in 2015"

oh, my...that was just an EXAMPLE to calculate something.

"I am not even proclaiming that my 0.63 BTC stash competes with yours, but I am saying that I had been employing the proper, substantial and meaningful tactics along the way."

It's not about the amount, it's about understanding bitcoin mechanics beyond coinbase, binance, kraken account.
You seem to lack such knowledge and, therefore, whatever you say, you cannot possibly call yourself an expert and "slap" people around.
As I said before, you are in "not my keys, not my bitcoin situation"...only slightly better than mtgox.
Continue to accumulate fiat that is inflating at 30% a year as you please, but spare us the "big brother/sister talk"...at least most of the time.

[ChartBuddy]

Explanation

[Richy_T]

Suspicious, suspicious:

Nah, mundane and predictable.

[Richy_T]

We are all Satoshi except Craig Steven Wrong.

I'll give him credit, he's managed to dodge being behind bars pretty well. Though it doesn't seem to be from evading the law, more because they just don't seem to want to touch him. Which is a bit suspicious now I put it like that.

[Richy_T]

I remember a lot of parties (at least on the books) - notable, $1k, $10k, $100k, and now the $1 million party...

1k never happened. The problem is, we often cross these boundaries during a pump and then the aftermath when the bubble bursts, everyone looks a bit sheepish and is piling their cart full of ramen. It's a shame, really.

[Richy_T]

I don't know if we should say that this is exactly the point... because technically, Lagarde is not incorrect.. cryptos are not currencies..

Perhaps by the dictionary definition. I would suggest that the dictionary definition is outdated and no longer accurate due to being created during a time when assumptions that were correct then no longer are. Further, I'd suggest that it had problems even before then.

Not that it really matters.

[OutOfMemory]

[edited out]
Well, no, $1M will never be boring, because of that 'M' in there. This should bring many of us to "fuck-the-universe" status!

In my case the M means "Fuck you, i can travel anywhere!"  
(Without taking too much from the digital family treasue)

What's your anticipated timeline, OOM?

1M? Next or the cycle after next, which is more likely. 10 years at max.

The next cycle?  Do you have plans to just retain a certain amount of coins no matter what?  

Yes, most of it. It's for the future of the kids. They should spend/invest it when they are grown up. A smaller part is reserved for possible urgent need of cash.

There surely can be various contingencies attempting to deal with both the projection of how long it might take to get from here to point A, point B, or point M.. but then what to do along the way because getting to point M is not guaranteed... so does anyone want to be fucked if we get to some place short of point M and then go into some kind of going to zero scenario, which is not a zero possibility way of history potentially playing out.

Along the way i will take off a little around projected tops, for new car(s), house repairs, my exit plan (10 years from now) and last not least for more corn to be bought in future bear cycles.

[ChartBuddy]

Explanation

[Arriemoller]

Random news : India has administrated 22 Millions vaccines in a single day.

Having infected people coughing uninfected in the face is not vaccinating