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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25498442 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
cAPSLOCK
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September 15, 2021, 12:53:04 PM
Merited by NeuroticFish (2)

El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.

I am still holding my breath.  This is a HUGE crossroads for bitcoin.  Either this works or it doesn't.  And if it does the question is how well, and will we be able to keep going?

On my own end, two very notable changes can be seen with my lightning node:

1.  My traffic continues to go parabolic.  I am routing hundreds of payments a day now.  Much more than in the past.
2.  The payment sizes show a real difference.  Seem like people PLAYING with the network, or balancing channels will send small round payments.  I used to see lots of 1000, 10000, 100000 type payments... or little patters like 40005 40006 40007.  Now they are very random, and generally around the $5-$25 range.  The patterns that look like people playijng around are going away (still there but now like 10%) and there are even 10 minute periods of time in which my node routes millions of sats (in the tens of thousands USD value).

So from my vantage point stuff is happening for sure.

The next few months really are critical. Wink
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September 15, 2021, 01:01:25 PM


Explanation
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September 15, 2021, 01:10:17 PM

El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.
Official government wallet, that is a disaster in the making. Bitcoin has no official wallet

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/
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September 15, 2021, 01:47:18 PM

Don't know if anyone has been keeping an eye on China of late. But it seems like they may be in the beginnings of a financial crisis. The CCP is still ramping up the crazy tyrannical government thing, and they seem to be playing hard ball with the capitalist side of things and want to reverse the strangle hold that the corporations, particularly finance, have over the country. Of course the funny thing about that is that the CCP created this monster in the first place.

Anyway, I've switched my forced legacy market holdings to 75% bonds, will keep it that way for 2 months, or till a 20% decline in the markets. Even if the CCP doesn't back down and throw the money printers at it, we all know the FED will if this thing spreads, so I wouldn't want to hold out for more than a 20% decline.

https://www.zerohedge.com/markets/chinas-lehman-moment-arrives-13th-anniversary-lehman-bankruptcy-beijing-tells-banks
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September 15, 2021, 02:01:26 PM


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September 15, 2021, 02:19:06 PM
Merited by Dabs (1), Farmer Bill (1)

El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.
Official government wallet, that is a disaster in the making. Bitcoin has no official wallet

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

July 23? Really? GTFO!  Cool
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September 15, 2021, 02:23:53 PM

El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.
Official government wallet, that is a disaster in the making. Bitcoin has no official wallet

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

Broke NOCOINERS gonna tard.

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September 15, 2021, 02:32:29 PM
Merited by Farmer Bill (1)

El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.
Official government wallet, that is a disaster in the making. Bitcoin has no official wallet

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/


Protest is outdated. So we can forget that part.

As for official gov wallet = that would just be a way to get proper KYC/AML or whatever and for the people to claim their $30 worth of bitcoin. They can always just download and use any other wallet, Bitcoin, Electrum, whatever and transfer their coins there.

There is no "official" wallet, but the de facto reference implementation is still the Core release.
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September 15, 2021, 02:48:24 PM

Never heard of him until i saw Jim Carrey tweeting about him, guess he was big deal.

Om Shanti
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September 15, 2021, 03:01:37 PM


Explanation
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September 15, 2021, 03:14:26 PM

48k.
Volume is weak though but at least its going in the right direction.
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September 15, 2021, 03:24:58 PM

[edited out]

The "pyramid scheme" was an attempt to raise understanding WHY nocoiners still see Bitcoin as such, while the actual happenings (history) of Bitcoin show that it's not really the case.
People tend to simplify (as do i in my argumentation more often than not). It's easier for them to remember the pyramid scheme narrative than educate themselves in Bitcoin, economy and sound money principles. Bringing in the "pyramd scheme argument" was a perfect move and the narrative grew successfully.
Now it's harder to get followers of the "pyramid scheme conspiracy" educated. A (temporary) win for the "fiat society", because people tend to stay with simple explanations and affirmations. Most people do hard to change their beliefs. Give a simple explanation for a complex question (on a complex subject) and the most dumbest guy/gal will "understand".

We can agree to disagree..  As I already attempted to explain, I consider that the pyramid scheme framework is the opposite of helpful because it is misleading about what bitcoin is, even if people might be able to relate to such a framework.

That is an important factor of AlcoHODL's collegues and relatives NOT really understanding Bitcoin, because they think they already do.

I have my doubts about if AlcoHoDL would be presenting the pyramid scheme as an educative framework to explain bitcoin, unless he were merely striving to contrast bitcoin with such scheme in some kind of way.

Perhaps AlcoHoDL could chime in on this point in terms of whether he would use a pyramid scheme framework to explain bitcoin, merely as a contrast or in some other way.. As I already mentioned, seems distracting and misleading in terms of costs versus benefits in using it rather than helpful from my point of view.

Second biggest factor: Trust.
Humans trust information more, the closer the relation is to the informer. We don't want to be alone, we don't want to decide alone, so we take over narratives from people we look up to, as well as from people we relate to on the "same height of sight" (as we tend to say in my country). While people like us (WO's) are likely seen as freaks by normie nocoiners, they tend to keep trust to information from other normie nocoiners, which form a bigger group they feel related to, while we may seem like mavericks.

Fair enough.  There surely is going to be a need to attempt to relate to any audience that we have, and surely any audience is going to be more receptive when able to relate - but I doubt that should mean that we give up and say that we are ONLY going to allow nocoiners to educate other nocoiners, because then they would be just sharing a circle of ongoing retard.

In the background it's even more complicated, just wanted to highlight the simple aspects that stand out more.
To keep it short: Peeps either doing something or not, they are basically driven by fear or love. They fear (refuse) things they don't know, they love (accept) things they do know.

With almost any kind of learning, especially something that seems daunting and complicated, it can take quite a bit of time to get to various points of understanding... so sure, the more that is understood about basics, then the easier it becomes to learn more complicated ideas after gaining more foundational understandings.  And, sure many times, many of us fear being overwhelmed by too much information and we have to attempt to learn at a pace that allows the information to sink in rather than completely going passed us.

Strangely, my attention was always drawn to the unknown (which provided me fantastic experiences in the past and present, by the way).

Of course, some people are more adventurous than others in terms of desires to learn, and even some people who might not have tended to be intellectually curious can sometimes be brought around to increasing their intellectual curiosity after they learn some basics that they had not previously understood.  Surely, people are not necessarily going to totally transform their way of being or their seemingly natural inclinations, but sometimes they will develop curiosities in areas that had previously been uninteresting to them.

EDIT: Fuck, missed to break CB triplet by a minute :/

You slowpoke!!!!!!!    Angry Angry Angry
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September 15, 2021, 03:26:35 PM

12:30 Am

Happy thursday
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September 15, 2021, 03:59:24 PM
Merited by El duderino_ (4), vapourminer (1), HI-TEC99 (1)

Well, here we are again.


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September 15, 2021, 04:01:25 PM


Explanation
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September 15, 2021, 04:04:08 PM
Last edit: September 15, 2021, 04:25:01 PM by Torque
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The sheeple still don't realize what is happening.

The world economies are continuing to deflate. In a long term melt-up, the stonk markets will continue to be bought up on every dip with absolutely regularity every month via free money from the Fed.

The market noise between Jan and Dec of every year will be irrelevant, the stonk market will end the year at least 8-12% higher than the year before it. And the year after that, and the year after that. There will be no down years for the stonk market. Why? Because it has to go up, in order to offset massive yearly inflation. This is how the wealthy elite protect their wealth. And the middle class and poor, because they don't invest, continue to lose wealth (i.e. purchasing power) at an alarming rate.

Just look at this pattern:



Once you take the red pill and realize what is happening, you also realize that high value deflationary assets are your only savior. Bitcoin will outrun them all.

#BUYBTC



As a follow up to this, I'll leave an absolutely fantastic interview of Luke Gromen on George Gammon's channel that discuss much of what is happening in the world economies and markets in mind-boggling detail.

https://www.youtube.com/watch?v=2JpYiBFGLDQ

Some jaw dropping statements during that interview. These stand out:

"Inflation [and also sovereign debt] is a now matter of national security." *shudders*

"The wealth effect has become such a driver of consumer spending and tax receipts, that the Fed cannot allow the stock market to fall too much, and/or for too long." *double shudder*
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September 15, 2021, 04:34:16 PM


Seems that odds for dying become greater when peeps get older... because the meat wagon becomes less able to take abuse.. or recover from inflammation, accidents, dietary and lifestyle practices that might not had been damaging when in youth... even though we also know that younger peeps do tend to die more from accidents in terms of their greater activities and perhaps greater willingness to take risks (perhaps without even accounting for how much risks that they might be taking while driving a motorcycle at 100mph down a curvy mountain road or doing wheelies in the city streets at 50mph on same such motorcycle or whatever).



BTC still respecting the strong support line as indicated with the white horizontal line @40,921.

You did that yourself?

How did you achieve such seemingly randomly drawn squiggly? with a blindfold and a dartboard?  Cheesy Cheesy Cheesy
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September 15, 2021, 04:42:45 PM
Merited by Dabs (1), JayJuanGee (1)

@JayJuanGee, yeah I drew that by myself and it wasn't a blindfold. I like to look at trading from the TA perspective. Well, I really don't know if your question was a mockery or you actually wanted to know a thing or two but let me quickly say that what you've there are BB, MA and a horizontal line to show for TA inclination.
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September 15, 2021, 04:49:19 PM

El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.
Official government wallet, that is a disaster in the making. Bitcoin has no official wallet

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

Thing is... this is a side effect of a free open network. ANYONE gets to play.  Even governments.  And anyone gets to build whatever they want.  Chivo may have a downside for sure. Privacy is already an issue with Bitcoin in general, and a government wallet?  Pffft. I would never use it except to collect my helicopter money.  But we KNOW that average Joe (or Jose) is going to use whatever their government spoonfeeds them. It has always been this way. It is this way. It will always be this way.

I have always said.  The revolution in Bitcoin is not that you HAVE to be your own bank. It's that you CAN.
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September 15, 2021, 04:50:34 PM

Well, here we are again.




The kraken really should upgrade its server to a computer that powerful.
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