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

[xhomerx10]

Good morn Bitcoinland.
Four eight six two one dollars
(Bitcoinaverage).

Let's get the price up
Over fifty thousand bucks.
So go Bitcoin go.

The only thing I like from there is the fries.  They got that down to an art for sure.

That's because they add artificial beef fat flavoring to the vegetable grease they fry them in.

Originally they were even better because they used real beef renderings before yielding to SJW/vegan/political-correctness BS in the 1990s.

It originally started by adding the fat that cooked out of their burgers to the fryers. The customers simply knew that their fries tasted better.

I wonder if the artificial beef flavoring they use now is produced from chemicals derived from animal products. If so, don't tell the vegans. They'll have a snit fit.  

 Also, to take us back a few pages, they stopped using beef tallow because it is high in saturated fats and the scientists were telling us that saturated fats are bad for us.
  Why do they taste to good!?

[Torque]

Also, to take us back a few pages, they stopped using beef tallow because it is high in saturated fats and the scientists were telling us that saturated fats are bad for us.

Yep. A lot of people would question "Well then why did they take out real fat from grocery products if they weren't bad for us?"

It had nothing to do with health. It was a cost issue. Real animal fat is a very costly component of prepared food products, and was getting more expensive by the year to include. The food industry was looking for every way imaginable to cut costs of food products in order to increase or maintain profit margins that were constantly decreasing. Real animal fat also goes rancid very fast, and so the food industry needed new (fake) fat products that were more stable so that their food products could sit on store shelves MUCH longer without going bad, extending their expiration dates to crazy levels.

Enter fake fat. Real butter gave way to margarine, whole milk gave way to skim and fat free milk, whole fat yogurt gave way to low fat and fat-free yogurt, real oils gave way to trans fats, cotton seed oils, palm oil, Olestra, etc. In order to preserve the taste after real animal fats were removed, fillers, sugar, and high fructose corn syrups were added. They also made sure to fire up an anti-fat campaign decades ago, and marketed and sold these products to the consumer as "Low Fat" or "fat free", and supposedly good for you. Now they are pivoting these same products to "Vegan-friendly".

And now here we are, with a global obesity epidemic that gets bigger (no pun intended) every year.

[ChartBuddy]

Explanation

[cAPSLOCK]

Ya know....I was just thinking...
A lot of folks on this thread have a secret love of Mackle Dee's.
I know I'm addicted to that orange goo and filet-o-fish product thingy, oozing with thick lumpy cum sauce within the golden, spongy, hot steamy Wonder Bread bun ..






GO BITCOIN

You make it sound so... erm... delicious? ( yuck!)

The only thing I like from there is the fries.  They got that down to an art for sure.

Given the earlier conversation about diet it’s rather frightening …

Personally I haven’t been to a McDonald’s (or any similar fast food “restaurant”) this century and plan to keep it that way.

Yeah.  I do NOT eat the fires.  That is one of the most anti-keto and unhealthful foods ever invented.  It's pre-masticated starch fired in seed oils.  I huge blast of (poisonous) calories accompanied by a massive insulin spiking glycemic bomb.

It is pretty much the fastest way to store fat.

But with enough salt they sure do taste good. (Interestingly the salt is also stored because of the metabolic processes this sort of "food" creates along with a lot of water. This ALSO makes you gain weight, as well as raises your BP).

In the same way I am sure heroin injected right into ones arm FEELS good.

All kinds of common foods fit in this category.  Pizza, Fried rice, ice cream, funnel cakes, greasy hamburgers (with big ass buns). And so on.  While trying to LOSE weight all that has to be avoided... but then the harder trick is when to allow ones self the occasional treat  once your have reached your healthy baseline... for me it has to be VERY LITTLE to avoid the slippery slope.

[BobLawblaw]

Good morning, brothers.
HO-DL strong and carry on.
Everything is fine.

[ChartBuddy]

Explanation

[OutOfMemory]

https://twitter.com/nayibbukele/status/1467333081505976323



 

I seriously want to move to ES and start a recording studio in Bitcoin City.

Real good chance I am putting too much faith in Bukele, but he is redeeming an entire generation for me.  Yeah hes playing populist games... but he is also making a lot of great decisions for his country.  People are bitching about "legal tender" and all kinds of other shit... but this guy is sticking his neck out.  Seriously.  And he has a chance to be remembered VERY WELL in  (Central) American History.

As long as he does not either get assassinated, or turns into some despot.

Lemme know if you need someone for setting and micing up stuff, rehearsals and recording/production assistance  
Maybe things fall in place perfectly.

EDIT: Done shoveling, snowfall stopped. Currently charging the drone, i should find some time tomorrow for deep winter shots. Last photopost was quite a while ago...

[naim027]

Me to NoCoiners and Newbies.

[strawbs]

When you understand
what bitcoin is and will be,
these dips mean nothing

[ChartBuddy]

Explanation

[OutOfMemory]

the day bitcoin dies
is the end of internet
so it is written

[Toxic2040]

the sunday morning wall report

#haikuSunday
Its about freedom.
Being sovereign, complete.
You can decide that.
 


#dyor

river tumbled down the rapids and over the falls
4h


Significant volatility continues over the weekend as bitcoin currently battles around $49kish with short fibs showing some areas of interest. Steady on lads.
D

#stronghands

[El duderino_]

picture plugin

[ChartBuddy]

Explanation

[cAPSLOCK]

OK!  Some Liquid impressions and thoughts.

So, today I stumbled across a ridiculous arbitrage opportunity.  Using some android decentralized trustless exchange apps I was able to buy L-TUSD and sell for L-BTC and make a fairly nice little profit.  Rinse and repeat until the liquidity provider had no more to sell.

But this had me doing LBTC and Tether transactions... A LOT of them.  So just some thoughts on Liquid.

++Liquid is FAST!  During dozens transactions from one wallet to another, by the time I switched apps the transaction was both received, AND confirmed.  I never had to wait for just about anything.  This was true for both LBTC and LTUSD moves.

++The privacy is strong.  Here is one of the transactions.  Can you see what I was moving.  From where to where?  The amounts of any of it/  The amounts of the sending UTXOs? NO, No, and No.  You can see some addresses, but you do not know for sure which is the receiving address and which was for change.  As far as I can tell this privacy is Monero Strength (just the CT part, Monero is still MUCH better overall) and no one including Federaion member have ANY idea what I am doing, really. https://blockstream.info/liquid/tx/6a08693544181255b1f079ffd0a5ae5f149aa212fca2d96a3475be3aaf6ae7f3

++Transaction fees are cheap.  But not really much cheaper than the Bitcoin network.  They make these scale.  I was spending about a dime for every transaction.

++Blockstream has broken bitcoin so they can rip off the miner.  Just kidding.  I wanted to turn into a BSV conspiracy theorist for a sec.  BUT Blockstream *is* taking 100% of these fees, and has built a powerful Bitcoin sidechain that might make them some pretty serious money.  They are basically positioning themselves as a modern day payment rail like Visa or Amex.

++The programmibility is quite excellent.  Obviously the "Dex" stuff is trailing ETH and Solana et al a little.  But it IS WORKING. on a pure BTC sidechain... AND it is WAY CHEAPER than those other chains.  AND it does not leave a bunch of useless data on the base BTC chain.

++When doing this activity I had to get used to keeping a teeny little pile of L-SATs behind to act as transaction fees nomatter what asset I was sending.  This is analogous to ETH Gas or Gwei or whatever they call it.  Except it's like 11 cents.

As far as I understand ALL of my trades happened trustlessly on the Liquid blockchain at little to no risk to me whatsoever.  No third parties, or at least a blind distributed federation making it possible.  I really think Liquid is still a sleeper.  And I also think, since it is opersource it will be the foundation that will allow lots of nice competition in the whole "smart contracts / DeFi" world, while making the better tradeoffs.

In fact, I think the ONLY thing ETH has over this is devshare and network effect, which honestly are pretty important.  But the incentive for smart developers to come over from weighty sharding base layer chains, and to develop on a BTC sidechain might be enough to inherit Bitcoin's own network effect, and possibly (I hope) leave all the mistakes like ETH in the dust.  

I lost badly at the little underground poker room I go to from time to time last night... It was a terrible night.  *BUT* this little arbitrage opportunity completely recouped those losses and more.  Hooray for all the ways of being a degen!  Wait did I say *I* did all that above.  I take it back.  It was someone else!

[JayJuanGee]

it could/can all be so simple

I appreciate the perspective that the bitcoin switch is on whether it is in the up or in the down position.  Nice little touch.

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

Haha made me smile! Last time "significant retail buying" of BTC happened back in December 2017! Does that mean we're still in a bear?

We're not observing shitcoins here. The fact that some of that crap "came back very strong" doesn't mean a shit. All shitcoins are doomed (well, most the overwhelming majority (perhaps in the 99%+ arena?) of them).  

FTFY

Furthermore serveria.. you seem to be exactly on point to highlight a kind of distraction that seems to exist with somac's ongoing inclinations to want to both compare bitcoin to shitcoins and his getting all worked up about whether retail is sufficiently coming to bitcoin or not (again devolving into a kind of irrelevant comparison to various shitcoins/shitcoin projects).  

In other words (my point here, not yours), fuck retail.. if they do not want to come into bitcoin now (or soon^tm), they can come later. either later in this cycle or in the next one or two cycles.. just going to cost them more.. king daddy gives no shits, so why should mostly HODLers like us give any shits if retail is not seeing the light in spite our ongoing varying efforts to let them know.. it's not like many of us are holding back information or trying to be secretive about the bitcoin thingie-ma-jiggie that "retail" seems to be failing/refusing to see and/or appreciate for what it is.... It seems to me that even various ongoingly active members in this thread who say that they are NOT going to help all the dumb fucks anymore, they still end up coming back to the thread with stories about the various ways that they had tried to continue to help normies to better understand bitcoin, and many of us still cannot stop talking about bitcoin even when we might have to spend a decent amount of effort going back through some basics with normies.  Surely we will also get energized in our bitcoin discussions if we run into people who have spent at least a small amount of time trying to look into the matter rather than just jumping to various wrong conclusions and don't even be seeming to try beyond accepting various mainstream narratives.  

On a personal level, I am not holding back bitcoin information from various normies when the topic comes up, and it seems to me that on a fairly reasonable ongoing basis I am more than willing to share bitcoin related information with various normies in the place that they are at.. sure, each of us still have limitations in how much time or work that we are going to want to do to "help" others to see the light, but still I am not going to give up completely even though sometimes it can be frustrating in regards to how much normies sometimes see to want to get spoonfed.  

Just the other day, I had a "friend" ask me why the BTC price went down so much in the past days, and I asserted that there were too many people gambling and it created an incentive for other BIGGER people to come in and to punish them for their gambling.. so that's what you get when you engage in leverage trading and trying to get rich faster than you should be or that you are capable of handling.  The friend then said that she did not understand, and I spent a bit of time repeating and overviewing the concept of leverage and margin trading and the creation of incentives for bearwhales to come in and to liquidate various positions (to cause those people to sell at a time that was other than their own choosing because they choose to gamble and the BTC price moved against them).. She continued to say that she did not understand, and I said that she needed to study about the topic.  She said that she wanted me to spoon feed her (she did not use that term), and I said that she has to take more responsibility over her own learning including to look into matters that are interesting to her. I said that there are probably more basic and important things to learn, but if she is interested in how trading and price movement works, then so be it.. she can look into whatever interests her about bitcoin.  

Of course, she is largely refusing to look into her own transitory questions in her mind about bitcoin price movements and she wants information to be spoon fed to her, as if I have 24/7 to be explaining bitcoin to her merely because I have spent 1,000 of hours studying it, so therefore in her mind, supposedly I have some kind of obligation to break it down more for her than I already did and she continues to NOT to want to put in even a faction of the amount of time to bring herself up to a higher level to both ask better questions and to take the knowledge that I had already given to her in order to direct herself into attempting to learn more about the area that is supposedly of interest to her (at least she was interested in the topic for about 10 minutes and then she decided to think about some other topic, such as whether she should paint her nails red, pink or green)?  We can only do so much.. and I am more than willing to help people out, but they also need to be willing to do some of the work themselves too.. I am not going to spoon feed people.  Ain't nobody got time for that, even yours truly.

[ChartBuddy]

Explanation

[Richy_T]

 Also, to take us back a few pages, they stopped using beef tallow because it is high in saturated fats and the scientists were telling us that saturated fats are bad for us.
  Why do they taste to good!?

I believe the vegetarians were making a bit of a fuss as well. Also worth noting that the fillet 'o fish mentioned above used to use lard in the buns.

[cAPSLOCK]

Hmm.  This little surprise Liquid adventure has REALLY had me thinking.  And again it is amazing to me how on point i believe Blockstream is in growing their business model.  They are positioning themselves to be an important player in the future.  They are building what will be a large Bitcoin financial services provider and are WAY ahead of most other folks (Strike, and CashApp are a couple others).

Just thinking about how important decentralized finance service providers are going to be in the very near future.  What we are seeing is the birth of a new MASSIVE business sector.  All the foolishness with "DeFi" and NFTs and all that stuff will be such a joke in the future.  The difference between the DeFi we have seen over the last year and what companies like the above are doing is the difference between people making a thing for a problem that does not exist, and people making the answer to a question most do not yet know they will be asking.

It is equivalent to the difference between ZERO and ONE.

Even those of us with the wherewithal to be our own banks (tm) etc will need various financial services in this new world.

Just ask Bob... not even all of us are going to run our own lightning nodes.  That itself is something that clever people are working out in real time right before our eyes.

Some people can see further into the future than others.  And I have AGAIN underestimated the power that gives.

[ChartBuddy]

Explanation