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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330605 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. (170 posts by 1 users with 9 merit deleted.)
OROBTC
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October 09, 2021, 10:51:31 PM
Merited by JayJuanGee (1), jojo69 (1)

...

We are back from a long vacation to a BTC friendly country in Europe, other than doing some minor stacking, I'll leave it at that.

Bitcoin Magazine often has interesting pieces to read.  At bitbo.io (perhaps my favorite BTC site, also like mempool.space) they list articles that people may like.  Michael Saylor, a REAL BTC MAXIMALIST, is interviewed at length by Alex McShane, and presents his view that Bitcoin is the "Apex Asset".  He makes a great case.  He discusses gold, various forms of real estate, companies (bonds & stock, even his own MicroStrategy).  He even briefly discusses Texas ranch land, I copy his quote:

"On the other hand, if you’re living in Texas and you like Texas, you might feel like it’s okay to own 100 acres there. You feel safe in Texas. You have a gun. You have some horses. You have a tractor, or a truck, or a Jeep. You don’t need to smuggle the gun, the Jeep, and the horses across the border tomorrow. So you can own that property. If you think Texas is not going to impair the value of your land you might feel okay there. I feel like the circumstances of the individual and common sense will dictate your property distributions. But the apex property is always Bitcoin."

[Just for the helpful to me BobLawblaw, trying to pay ya back for pointing me to Gemini and helping to secure our two grandsons' futures]

[And sometimes I really miss living in Texas]


I noted up-thread here at W.O. discussion of various ways we interact with BTC, whether as beginners, somewhat knowledgeable folks, and experts.  I would agree that having lots of options, especially easy ones for beginners is a very good thing.  Saylor agrees that a thousand flowers should bloom.

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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October 09, 2021, 10:53:09 PM

Somehow I fear that, in the coming years, this choice we now have, to be or not be our own bank, will cease to exist, and we'll all be forced to use banks to store our corn. I hope it will never happen...

The vast majority of political theorists and/or strategizers recognize and appreciate the concept of scoff law, and they are not going to want to create an underground system, but sure I would not put it past them to play various kinds of cards that attempt to require some kinds of custodial services or otherwise reporting requirements - and the balance may also play out delicately in terms of how it may well have backlash repercussions for potentially more friendly jurisdictions - currently El Salvador, but surely others jurisdictions are going to be stepping up to the bitcoin optionality plate that recognizes and appreciates various oppressive aspects of our current monetary system (dominant dollar).

My theory is that in the future most banks will offer bitcoin custodial services, but it'll be like PayPal, where you will be able to convert some of your fiat balance to bitcoin and they will hold it for you, but in order to make a withdrawal it you'll have to go back to a fiat balance first (aka sell first). Because banks will start playing the fractional reserve scheme (scam?) with everyone's bitcoin.
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October 09, 2021, 10:57:47 PM

Somehow I fear that, in the coming years, this choice we now have, to be or not be our own bank, will cease to exist, and we'll all be forced to use banks to store our corn. I hope it will never happen...

The vast majority of political theorists and/or strategizers recognize and appreciate the concept of scoff law, and they are not going to want to create an underground system, but sure I would not put it past them to play various kinds of cards that attempt to require some kinds of custodial services or otherwise reporting requirements - and the balance may also play out delicately in terms of how it may well have backlash repercussions for potentially more friendly jurisdictions - currently El Salvador, but surely others jurisdictions are going to be stepping up to the bitcoin optionality plate that recognizes and appreciates various oppressive aspects of our current monetary system (dominant dollar).

My theory is that in the future most banks will offer bitcoin custodial services, but it'll be like PayPal, where you will be able to convert some of your fiat balance to bitcoin and they will hold it for you, but in order to make a withdrawal it you'll have to go back to a fiat balance first (aka sell first). Because they'll start playing the fractional reserve scheme (scam?) with everyone's bitcoin.

I am reasonably confident that some or maybe all CEXes do this already.
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October 09, 2021, 11:01:26 PM


Explanation
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October 09, 2021, 11:13:55 PM

edging back to 55k.  Maybe we get the big jump tonight.
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October 09, 2021, 11:28:39 PM
Merited by El duderino_ (2), JimboToronto (1)

edging back to 55k.  Maybe we get the big jump tonight.

Few more days of ranging sideways I reckon, at least.

Happy to be wrong.
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October 10, 2021, 12:01:36 AM


Explanation
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October 10, 2021, 12:15:47 AM

Hmm...NFTs on Bitcoin via Stacks...not exactly sure how it works, but they are certainly not on VB-coin.
https://decrypt.co/82891/bitcoin-nfts-stacks-blockchain?amp=1

Still, i am not sure putting down $1000 for a few pixels is the way to go.
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October 10, 2021, 12:34:09 AM

Hmm...NFTs on Bitcoin via Stacks...not exactly sure how it works, but they are certainly not on VB-coin.
https://decrypt.co/82891/bitcoin-nfts-stacks-blockchain?amp=1

Still, i am not sure putting down $1000 for a few pixels is the way to go.


I still do not get what they are on about with the NFT's on Bitcoin.

- Do they think that the addressed being unique and might be limited would have some value??

- Do they think it might have some value even if they have a '0' balance in that unique address??

- Doesn't multiple persons owning the same private key for some "unique" address defeats the purpose of who can actually effectively own any actual sh!t?? Smiley  Roll Eyes  Roll Eyes

My honest opinion is that it's too decentralized to be long lasting on a long term. It is almost or the same as trying to sell individual grains of sand to one another.   Cheesy  Cheesy  Cheesy
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October 10, 2021, 12:39:51 AM
Merited by Biodom (1)

Hmm...NFTs on Bitcoin via Stacks...not exactly sure how it works, but they are certainly not on VB-coin.
https://decrypt.co/82891/bitcoin-nfts-stacks-blockchain?amp=1

Still, i am not sure putting down $1000 for a few pixels is the way to go.

Don't let Bob know he can earn BTC by mining and stacking STX.
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October 10, 2021, 12:41:42 AM
Merited by El duderino_ (2), nutildah (1)

imho, nfts will evolve into a method of human/machine and machine/machine interaction rather than mostly 'artsy' objects.

1. an nft that opens a rented airbnb in London.
2. an nft that gives you the right to purchase something for certain price at a certain location or any location.
3. an nft that secures your car loan

if machine/machine interaction would be possible, then you would just 'task' your AI-agent and they 'go' around making it possible while you don't have to make a gazillion phone calls.
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October 10, 2021, 12:44:25 AM
Last edit: October 10, 2021, 12:56:43 AM by Biodom

Hmm...NFTs on Bitcoin via Stacks...not exactly sure how it works, but they are certainly not on VB-coin.
https://decrypt.co/82891/bitcoin-nfts-stacks-blockchain?amp=1

Still, i am not sure putting down $1000 for a few pixels is the way to go.

Don't let Bob know he can earn BTC by mining and stacking STX.

haha, I actually have that stuff, but did not stack any btc with this method yet...waiting in vain until Jarrett's staking lawsuit (which will be probably precedent-making) is resolved.
10% staking APY, paid in btc, not bad (could easily be 20% if you count btc appreciation this year).
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October 10, 2021, 01:01:27 AM


Explanation
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October 10, 2021, 02:01:26 AM


Explanation
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October 10, 2021, 02:34:37 AM
Merited by JayJuanGee (1), shahzadafzal (1)




https://cointelegraph.com/news/what-bitcoin-correction-btc-price-holds-55k-despite-several-bearish-indicators
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October 10, 2021, 03:01:35 AM


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October 10, 2021, 04:01:26 AM


Explanation
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October 10, 2021, 04:05:42 AM

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October 10, 2021, 04:28:52 AM

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October 10, 2021, 04:35:50 AM
Merited by vapourminer (1), JayJuanGee (1), AlcoHoDL (1)

Looks like Bob's not the only one having a few hiccups.

https://odysee.com/@aantonop:8/how-do-you-do-a-dos-attack-on-your-own:2
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