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

[cAPSLOCK]

PARIS — Calling American and Australian behavior “unacceptable between allies and partners,” France announced on Friday that it was recalling its ambassadors to both countries in protest over President Biden’s decision to provide nuclear-powered submarines to Australia.

It was the first time in the history of the long alliance between France and the United States, dating back to 1778, that a French ambassador has been recalled to Paris in this way for consultations. The decision by President Emmanuel Macron reflects the extent of French outrage at what it has a called a “brutal” American decision and a “stab in the back” from Australia.

But why would France care so much? Does this adversely affect their military standing on the world stage?

Australia on Wednesday canceled a $66 billion agreement to purchase French-built, conventionally powered submarines, hours before the deal with Washington and London was announced.

Oh, money, grift, corruption and pork.

Of course.

What hurt them most is (apart from losing contract) there was no formal discussion on deal cancellation and Australia notified them just before the announcement, like 1 hour or so lol. Literally no one see that coming even Australian ministers.

The French as part of the EEC did not care when quotas for exports from Australia to Great Britain, a major trading partner were imposed when GB joined the EEC. Australia took a blow, and a lesson and now concentrates on trade in Asia.

European defense policy is in disarray meanwhile People’s Liberation Army Navy has 6 nuclear subs, 50+ conventional and rapidly increasing spending. Australia require the latest and best to help balance power in the region.

I believe India has one nuclear sub with 3 more to follow, all designed and built there.

IMO EU should be fine in longer run if they start pumping money in defense, they needs to be careful tho. Leadership is important, recently French presidential candidate for 2022 made some noise in favor of Russia and China due to this recent deal, don't know if it was only political speech or Far right in France really hate USA that much.

Conventional subs are okay-ish for defensive strategy but inferior when it comes to hunting game, that's where SSNs (nuclear -powered) comes up so Oz did hit the jackpot by striking this deal, considering few countries operate SSNs and has this technology. Its clear that Australia changing their doctrine but it will take decade to mature, till then they could also try leasing couple of subs from the USA similar to India (Russian sub).

Yeah but all of them are SSBNs (Nuclear armed) for deterrence /second strike capability. 6 SSNs (right now India using Russian sub) and 6 S5 class subs(Next generation subs, not sure if its SSBNs or SSNs)  are also in pipeline and construction is about to start so India is heading in the right direction and i think France is going to assist us this time, last time they declined to provide any support but now table has turned because of AUKUS alliance.

Well something is going on in the world, Sweden increased it's military expenditure with 40% and four new regiments and one new air flotilla is opening very soon, the firs, K4, is opening on September 24.
https://tekdeeps.com/sweden-gets-five-new-regiments-and-a-new-air-flotilla/

Very few people see it yet, but we are gearing up for the big one in my humble opinion.  France pulled their ambassadors from the US as we sent nuke subs to Australia?  Lines being drawn between the sides.  And the regular people like us will pay the price.

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[cAPSLOCK]

Pepper Your Angus.

This crash is only just getting started. Sub 30k coming.

HFSP.

please hold on to the rocket stalk

I have no idea what this means, but I merit it.

[cAPSLOCK]

Anyway, interesting poll.  And I for one, look forward to the privacy improvements coming to Bitcoin.

Doesn't Lightning do it?

Lightning is a GREAT protocol, and does much for privacy, but I do not believe it quite reaches monero level privacy. 

[BlackHatCoiner]

Doesn't Lightning do it?

Only if you run your own lightning node and decide to never go back to the chain which seems unrealistic.

[serveria.com]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  
Edit - Not selling obviously but not feeling particularly bullish atm.

 A handsome, tall black fellow, wearing fashionable yet comfortable clothing approaches you from out of nowhere. A well worn tan cowboy hat adorns his head, suggesting an untold history of experiences and legends yet to be revealed.

 You notice the man is carrying two dull circular metal plates, pocked with spherical indentations and scrapes - Clearly having been punished to their material limits.

 The man holds out the two plates, with his left arm - somehow defying the laws of gravity.

 With his right arm, he tips his hat, and mutters "You are going to need these more than I do right now".

 The dark man turns, and walks off into the western sunset.

The notorious titanium plates. How many balls have been crushed by them? Fucking legend.  

[OutOfMemory]

^ In Sept. 2017 BTC also dipped quite a bit, but it was mostly going up (daily) from that point onward.
I remember buying in the first time a few weeks earlier and Bitcoin dropped down a little bit above the price it was when i bought.
I also panic sold a few days after i bought, just to buy in again one or two days later, when it was going up again. I'm glad i didn't make this mistakes later in Sept 2017.
#hodl

Just looking at past bitcoin prices & September 2013 caught my attention.

29 September 2013 - Price was $137
The top for that cycle, a few months later in 2013 was over $1,100.

Now, if we can even do 3 or 4 x the current price I will be the happiest man alive.

That Evergrande news avalanche is shitty, though. MIght take BTC with it for a while. I don't care. Got no short term plans for fiat.

[serveria.com]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  

Edit - Not selling obviously but not feeling particularly bullish atm.

Frankly, I don't believe my eyes - battle (and dip) hardened LFC is posting this bearish/chicken talk? Don't you remember the good old days of 2013 and 2017? I fear you're about to get batman slapped by Mr JJG!  

[cAPSLOCK]

https://twitter.com/i/events/1439675314217517057

Yall using your BIP39 passphrase, right?  RIGHT?



(also I suggest backing up your keys with PGP (GPG) encryption and a strong password somewhere else as well.  USB drive... archival CDR... *cough* cloud *cough*)

[ChartBuddy]

Explanation

[JimboToronto]

...two dull circular metal plates, pocked with spherical indentations and scrapes...

That's nice. I feel like the plates would have either stamped, engraved, or etched characters in them. Could it be 12 to 24 words?

Only 4 words required:

Buy the dip. Hodl.

[JayJuanGee]

$11000 in one hour  

Excuse me for quoting myself but how time flies

$44000 in one hour  

I had to do it... adding some math and science with proof (not like proudhon just bluffing).... pure facts and figures.

Facts:
Sep 2020   $11,000
Sep 2021   $44,000



hence we will be hitting $100k again around May 2023.

again: because first $100k is already scheduled for Dec 2021

Two data points comes off as a pretty weak-ass kind of way of projecting our future in bitcoinlandia based on "data"  but hey, you do you.  #nohomo.

 


So many peeps seem inclined to roll their own BTC price prediction model(s) (no matter how detached from "reality" or ridiculous shooting at a dart board... just throw out a few data points, some quasi-logic and roll with it.. (puns intended)).

The next full moon will occur on Monday, Sept. 20 at 7:55 p.m. EDT (23:55 UTC), but the moon will appear full the night before and after its peak to the casual stargazer. September's full moon will be the Harvest Moon of 2021, though it is sometimes known as the Corn Moon and has many other nicknames by different cultures.

Is full moon the reason we got a dip? Do we get a pump at the next full moon?

We need Jupiter9 to come back to the thread and to enlighten us neophytes about such profundities.

Jupiter9 where are you?  Sorry that I was a meanie to you.  We (royal, of course) want you to come back to this here thread and teach us about the significances of heavenly bodies in connection with king daddy. 

[LFC_Bitcoin]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  

Edit - Not selling obviously but not feeling particularly bullish atm.

Frankly, I don't believe my eyes - battle (and dip) hardened LFC is posting this bearish/chicken talk? Don't you remember the good old days of 2013 and 2017? I fear you're about to get batman slapped by Mr JJG!  

I sell nothing.

That doesn’t stop me being a spoilt kid at times though

[Arriemoller]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  


Edit - Not selling obviously but not feeling particularly bullish atm.

You are such an emotional bitch sometimes, I virtually slap you and tell you to snap out of it, because I can't do it IRL.

And of course, since we live in the ago of morons I add some smileys. 

[Arriemoller]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  
Edit - Not selling obviously but not feeling particularly bullish atm.

 A handsome, tall black fellow, wearing fashionable yet comfortable clothing approaches you from out of nowhere. A well worn tan cowboy hat adorns his head, suggesting an untold history of experiences and legends yet to be revealed.

 You notice the man is carrying two dull circular metal plates, pocked with spherical indentations and scrapes - Clearly having been punished to their material limits.

 The man holds out the two plates, with his left arm - somehow defying the laws of gravity.

 With his right arm, he tips his hat, and mutters "You are going to need these more than I do right now".

 The dark man turns, and walks off into the western sunset.

That's odd, I have always imagined the plates as rectangular.

[JayJuanGee]

that is a trend line... not actual price, it could race up to 200K tomorrow and fall back down to 20K, that chart is just showing the price is trending up.... following the path that fits the price of $11k and $44K

Hopefully, in the rest of this year, the price will get more enthusiasm from big companies or people to invest in bitcoin, and the rally will come again.

Huh?

We are already in the midst of a rally.

Can't you see nuttin?

Sorry for the OT.

No you are not...  





hahahahahaha

[ChartBuddy]

Explanation

[Richy_T]

Guess they ran out of funny money. Better run the printers again.

[JayJuanGee]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  


Edit - Not selling obviously but not feeling particularly bullish atm.

Oh?

What is a guy to do?

I still believe that the odds of the $28,600 bottom being in are quite a bit above 50%, so what else could any of us expect?

I am not trying to proclaim any kind of sorcery status, buy my previous assertion was that I was going to become quite confident that our $28,600 bottom was in once the BTC price rose above $46k (so maybe I had moved into the 63% confidence arena), and not only did we rise above $46k, we touched upon $53k, so largely that caused my confidence to go even higher, maybe even above 65 or 66% (what the fuck, I am attempting to ballpark, here, for sure).  

So surely since our September 6th touching upon $53k we have been in correction and consolidation mode, so getting some DOWNity momentum.. which also likely causes confidence of the $28,600 bottom being in to go down.. but how far down are we going to come in order to attempt to stay reasonable in respect to the BTC price forces that are out there - including the extent to which there could be some macro-liquidity event that causes our $28,600 bottom to end up getting broken?  Personally, I am still considering greater than 50% odds that the $28,600 bottom from mid-April (I mean the top was Mid-april and the bottom was mid-june to mid-july) is NOT going to be touched... Can I attempt to throw out some kind of larger number that is somewhere between 50% and 65% and perhaps lower than 60% could be presumed at this point?
 You know that I hate getting into specifically high numbers in the first place, but we still have around $12k cushion between our current prices (as I type this post) and the June and July $28,600 bottom. so what to do?  what to do?  besides wait it out and cry a wee bit?

For sure, it is not easy to have a whole hell of a lot of confidence regarding where the bottom of a correction cycle might be while it seems that we are in the midst of it, including seeming to have some decent momentum and some pretty damned dire macro-economic factors that could contribute to some seemingly outrageous BTC price performance (to the DOWNity) in the short term.  Where's the reversal (if any?) and how to catch a falling knife, if that would even be a practical recommendation of something to attempt?  

I am not proclaiming to have any answers beyond just trying to employ systems that have already been successful in terms of buying dip, HODL and figuring out how much there might be any practicality in trying to watch or just step away for a while (if that might be where we are at, currently.)

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  
Edit - Not selling obviously but not feeling particularly bullish atm.

 A handsome, tall black fellow, wearing fashionable yet comfortable clothing approaches you from out of nowhere. A well worn tan cowboy hat adorns his head, suggesting an untold history of experiences and legends yet to be revealed.

 You notice the man is carrying two dull circular metal plates, pocked with spherical indentations and scrapes - Clearly having been punished to their material limits.

 The man holds out the two plates, with his left arm - somehow defying the laws of gravity.

 With his right arm, he tips his hat, and mutters "You are going to need these more than I do right now".

 The dark man turns, and walks off into the western sunset.

When you want a wee bit of fiction, here you have it.

Well said Bawb.

[ImThour]

I mean, still 350% up from last year, same day. 

[gembitz]

Bitcoin Crash to $5,402 in Error on Network Backed by Quants  #FUD YAHOOOO REEEEEE
https://finance.yahoo.com/news/bitcoin-crashed-5-402-error-200732717.html