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

[ChartBuddy]

Explanation

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[shahzadafzal]

BUILT WITH BITCOIN COMPLETES CLEAN WATER PROJECT FOR 1,000 NIGERIAN VILLAGERS



A smile on their faces is priceless...  NO ELON, NO BIL GATES INVOLVED
It belongs to them https://www.builtwithbitcoin.org/family

I don't really know any of them except this guy Ray who started Paxful and have scene him in every other bitcoin related conference summit etc. Seems like he's doing many good things.

The project, funded with bitcoin, provided the Igbaruku village with clean water, where the community previously had to travel miles to reach a contaminated water source.

“At the Built With Bitcoin Foundation, we operate all around the world to provide communities with clean water, access to quality education, sustainable farming, and humanitarian support, all powered by Bitcoin,” said Yusuf Nessary, co-founder & director of philanthropy at Built With Bitcoin.



https://bitcoinmagazine.com/business/built-with-bitcoin-completes-water-well-project-in-igbaruku-nigeria

[fillippone]

Tick tock, another Block:



Edit:
a funny tweet by Eric Balchunas.

[Hueristic]

The real SHIT Coin .

In South Korea University ( Ulsan National Institute of Science and Technology (UNIST)) there is a toilet that converts human waste into energy and rewards people with cryptocurrency Ggool.


"An  average person defecates about 500g a day, which can be converted to 50 litres of methane gas, the environmental engineer said. This gas can generate 0.5kWh of electricity or be used to drive a car for about 1.2km (0.75 miles)." Source

Ggool is really what a shit Coin is!!!

https://decrypt.co/75559/the-real-shitcoin-south-korean-toilet-turns-faeces-into-digital-currency

Ironically the only shitcoin that actually has value which is backed by something.

He said "backed"  hehh heh... huh. hehh.

Funny, I'm downloading Mike.Judges.Beavis.and.Butt-Head right now to check it out.

EDIT:

Ha, it was dummer than I remember but a funny flashback anyway.

[shahzadafzal]

Tick tock, another Block:

Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p

Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295.  Now this means "sooner" we will be running out of the space to store the height.

Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years.

So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly.

[ChartBuddy]

Explanation

[goldkingcoiner]

BUILT WITH BITCOIN COMPLETES CLEAN WATER PROJECT FOR 1,000 NIGERIAN VILLAGERS



A smile on their faces is priceless...  NO ELON, NO BIL GATES INVOLVED
It belongs to them https://www.builtwithbitcoin.org/family

I don't really know any of them except this guy Ray who started Paxful and have scene him in every other bitcoin related conference summit etc. Seems like he's doing many good things.

The project, funded with bitcoin, provided the Igbaruku village with clean water, where the community previously had to travel miles to reach a contaminated water source.

“At the Built With Bitcoin Foundation, we operate all around the world to provide communities with clean water, access to quality education, sustainable farming, and humanitarian support, all powered by Bitcoin,” said Yusuf Nessary, co-founder & director of philanthropy at Built With Bitcoin.



https://bitcoinmagazine.com/business/built-with-bitcoin-completes-water-well-project-in-igbaruku-nigeria

So this is what a Bitcoin faucet is?

Jokes aside, this is heartwarming to see.

[Biodom]

Tick tock, another Block:

Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p

Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295.  Now this means "sooner" we will be running out of the space to store the height.

Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years.

So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly.

I hate to be a "correcting" Nancy, but the last block (EDIT: with any block reward) is projected to occur at around 2140 (you save about 8 thou years of waiting  ).
https://en.bitcoin.it/wiki/Controlled_supply

[shahzadafzal]

Tick tock, another Block:

Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p

Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295.  Now this means "sooner" we will be running out of the space to store the height.

Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years.

So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly.

I hate to be a "correcting" Nancy, but the last block is projected to occur at around 2140 (you save about 8 thou years of waiting  ).
https://en.bitcoin.it/wiki/Controlled_supply

Forgive me but 2140 is not the time for the last block to be produced but for the block reward to reach ~0… however bitcoin transactions will keep coming and blocks will be getting produced too.

[Biodom]

Tick tock, another Block:

Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p

Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295.  Now this means "sooner" we will be running out of the space to store the height.

Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years.

So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly.

I hate to be a "correcting" Nancy, but the last block is projected to occur at around 2140 (you save about 8 thou years of waiting  ).
https://en.bitcoin.it/wiki/Controlled_supply

Forgive me but 2140 is not the time for the last block to be produced but for the block reward to reach ~0… however bitcoin transactions will keep coming and blocks will be getting produced too.

you are right, i was talking about block rewards. however, an absolute limit of 8K extra years?
Looking from here, it is enough, but it is certainly very far from "infinity".
I am surprised that Satoshi set it up with a 8K years cap. If true, it is almost never discussed.
Therefore, providing that the estimate is correct, bitcoin contains within itself a paradox of a limited blocks space, necessitating a significant update later on (if civilization would exist that long).
Hmmmm...this goes a little bit against the presumption of the unchanging nature of bitcoin.
On the other hand, it is not a problem that 99.999% would be concerned about for a "while".

[Hamza2424]

Source
Really A picture Hold 2 Sides
Now Just a single step is going to decide where it is going to end.
Choose Careful the way to freedom is not easy always remember hardships decide whats you future is gonna be.
Im sure sooner / later we are going to understand it but remember there is no turn back so don't ruin your time decide what you want by #Bitcoin

[Biodom]

Source
Really A picture Hold 2 Sides
Now Just a single step is going to decide where it is going to end.
Choose Careful the way to freedom is not easy always remember hardships decide whats you future is gonna be.
Im sure sooner / later we are going to understand it but remember there is no turn back so don't ruin your time decide what you want by #Bitcoin

modern man: which one has a better Tik tok content?

[shahzadafzal]

Tick tock, another Block:

Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p

Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295.  Now this means "sooner" we will be running out of the space to store the height.

Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years.

So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly.

I hate to be a "correcting" Nancy, but the last block is projected to occur at around 2140 (you save about 8 thou years of waiting  ).
https://en.bitcoin.it/wiki/Controlled_supply

Forgive me but 2140 is not the time for the last block to be produced but for the block reward to reach ~0… however bitcoin transactions will keep coming and blocks will be getting produced too.

you are right, i was talking about block rewards. however, an absolute limit of 8K extra years?
Looking from here, it is enough, but it is certainly very far from "infinity".
I am surprised that Satoshi set it up with a 8K years cap. If true, it is almost never discussed.
Therefore, bitcoin contains within itself a paradox of a limited blocks space, necessitating a significant update later on (if civilization would exist that long).
Hmmmm...this goes a little bit against the presumption of the unchanging nature of bitcoin.
On the other hand, it is not a problem that 99.999% would be concerned about for a "while".

Adding to the subject one easy solution could be replacing unsigned int 32 bit with unsigned int 64 bit, and this will give us a window until block # 18,446,744,073,709,551,615.

You can read it like fillippone did tick tock, another block number eighteen quintillion, four hundred forty-six quadrillion, seven hundred forty-four trillion, seventy-three billion, seven hundred nine million, five hundred fifty-one thousand, six hundred fifteen.

[ChartBuddy]

Explanation

[JayJuanGee]

[edited out]

You are right if BTC comes back down from mid 40000$ or 50000$ it won't be that bad because it is human psychology and almost everyone will have this in mind it is a small correction.

I would not be characterizing any kind of correction down from $40k or $50k as a "small correction," even though relatively speaking, the crash might not be able to get down to the break below the current $17,593, but we are not going to necessarily know that while we are in the process of going through the correction, and furthermore, I am suggesting that the likely ongoing moving up of the 200-week moving average from its current $23k position to something possibly in the $25k to $26k or even higher position, may well make difficulties both getting back down to the 200-week moving average, going below the 200-week moving average and even being able to go something like 25% or greater below the 200-week moving average.. and yeah, we have already seen that the 200-week moving average is not exactly an impervious support level, and we have already seen that it can be broken and even go something like 25% below .. and surely it is possible that the BTC price could correct even further below the 200-week moving average, but surely it is not an easy thing to accomplish - even if the fucktwat status quo players feel that they have infinite amounts of cash to try to play these kinds of manipulation games with the BTC price... and surely some of the gamblers (and scammers within   BTC such as the 3AC, Celsius, Voyager and even coinbase/blackrock types.. or even the Tesla paper hand types) are not beyond bringing their own downward pressures upon BTC in order to attempt to shake as many coins as they can from HODLers.. and not even saying that the ones who cause (or contribute to) any potential BTC price fall (small or not) would be the beneficiaries of such downfall that they might end up contributing to.

While the reality is that one important piece of news can change the entire direction of the market, whether we agree with it or not.

Well, usually negative news is better if it is coupled by bearwhales taking advantage towards dumping coins with a hope that others are going to follow - which may or may not end up happening...sometimes it works, and sometimes it does not.

In the last few days, the news about the recession has been active, A slight rally in prices on news of oil supply cuts, And the Fed's intention to raise interest rates by 0.50% in September is not good news for BTC.

Yeah of course, macrofactors can cause liquidity issues that cause bitcoin to dump harder and faster than other assets, yet at the same time, bitcoin does not always act in the ways that are expected and that is why you can look through bitcoin's price performance history and you can identify various points in which bitcoin made certain kinds of bounces UPpity that cause it to really NOT be correlated with various macrofactors, even though in very large portions of its history it continues to be correlated with various macrofactors... so in essence, I am not denying anything that you say, but at the same time, we have to realize and recognize that bitcoin is a new asset class that cannot be safely pigeon-holed even though so many folks who fail/refuse to HODL their bitcoin get screwed by their historical failures/refusals to recognize and appreciate such reality about bitcoin as an asset class that is NOT correlated to any other asset class, even though it has a decent amount of its history that it "feels like it is" correlated.. blah blah blah... good luck with that.

Bitcoin could go up. In which case it might go up more.

Or it could go down. In which case it might go down more.

Or it could go sideways.

You are presenting some ideas that come off as if they could be almost true.

 

[Phil_S]

Bitcoin could go up. In which case it might go up more.

Or it could go down. In which case it might go down more.

Or it could go sideways.

Damn, I want to subscribe to your newsletter.

[ChartBuddy]

Explanation

[JayJuanGee]

@JJG
The Egg McMuffin is the only item on McDonalds menu that is made with fresh eggs.  I guess I'm on the way over to MickeyDs this morning again for research purposes of course.  You doubters are really bad for my health; I had planned on eating a broccoli, flax seed and dark chocolate protein shake for breakfast this morning.

@Torque
It's not because I'm lazy^*;  my English muffin recipe takes nearly 2.5 hours from start to finish and I'm hungry now.  Also, I haven't purchased processed cheese since my school days.


^*Only applies in this particular instance.  I have been known to be lazy in the past.

I can picture you at the Mickey Ds' counter now.

McD repp: "Can I help you sir?"

Homer:  "I would like the all natural option of the Egg McMuffin and coffee"

McD repp: [searching through the menu to identify the proposed item]  "I am not sure if we have the item about which you speak."

Homer: "Let me put it to you this way. It's the Homer customized variation of the Egg McMuffin and coffee"

McD repp:  [exuding a confused look]

Homer:  "let me try this again"

McD repp:  "great"

Homer: "I want you to provide me with the egg McMuffin and coffee but hold back on some of the ingredients in order that I maximize my 'all natural' experience with that item"

McD repp:  "this is not Burger King, you know?"

Homer: "I know that, but can we just treat it like Burger King for this particular order, especially since I am a frequent customer of yours.. but I just want to try something new"

McD repp: "we usually just stick with the items on the menu as they come, but I can check with my manager."

Homer: "I would really appreciate that, just this one time, of course"

McD repp:  "could you wait a few minutes on the side sir? and I will check with the manager."

Homer: "no problem, Mckey D's is my favorite restaurant in these parts.  I am a regular, and by the way, I make hats, too."  [steps to the side]

McD repp:  [serves about 30 customers in the next 15 minutes while Homer waits]

Homer:   [waits while looking anxious at the bitcoin price for the next 15 minutes]

McD repp: "o.k. sir, I checked with my manager, and she said that she is willing to accommodate you this one time, since she had noticed that you come here almost every day for the past 3 years - at least as long as she has been a worker here and got promoted up to manager.  Please state your request sir."

Homer: "Thanks.. I really feel appreciated.  I have been reading about this topic on the internet, and I would like my Egg Mcmuffin and coffee in the most natural way possible"

McD repp: "Ok.. sir.. I don't need those kinds of details, even though we appreciate your sharing, but can you just state your request so that I can make sure that we can do it?"

Homer:  "no problem.. I was getting to that.  Here's my request.  I would like my egg Mcmuffin and coffee with everything except hold the toasted English Muffin, hold the real butter, hold the lean Canadian bacon, hold the melty American cheese and hold the coffee."

McD repp:  "wow.. that is holding a lot of ingredients, yet I am quite sure that we can do it, since you presented your description of what you want so clearly and unambiguously, and my manager already agreed to accommodate you this one time."

Homer: "yes, it is part of my hobby to present myself clearly and unambiguously. That's why people request my hats....... I was born that way."

McD repp:  "We will get this done within a few minutes. Can you wait on the side?"

Homer:  "Yes.  I'm loving it"

McD repp: [goes to the back and returns about 15 minutes later with a bag and a box]  "here's your order sir."

Homer: "Thank you. I am going to eat this here, and I will be back tomorrow."  [takes bag, goes to table, sits at table, removes box from bag, opens box and eats egg with look of immense pleasures that are beyond the description of mere words]

[Hueristic]

I was once going camping for a weekend so decided to grab enough burger King to last the weekend but didn't want it to get all soggy in the cooler like they do.

So I told the counter person to give me 10 Whoppers unmade and she said I can't do that.

After a fruitless argument I told her to get the manager.

The manager said the same thing and no amount of explaining it didn't matter if it was made or not i'm buyying the same thing.

The manager also refused to budge until I said "I WANT IT MY WAY!".

The manager acquiesced.

True story, glad I remembered that catch phrase.

Whoppers on a bonfire were damn good.

[JayJuanGee]

The real SHIT Coin .

In South Korea University ( Ulsan National Institute of Science and Technology (UNIST)) there is a toilet that converts human waste into energy and rewards people with cryptocurrency Ggool.

"An  average person defecates about 500g a day, which can be converted to 50 litres of methane gas, the environmental engineer said. This gas can generate 0.5kWh of electricity or be used to drive a car for about 1.2km (0.75 miles)." Source

Ggool is really what a shit Coin is!!!
https://decrypt.co/75559/the-real-shitcoin-south-korean-toilet-turns-faeces-into-digital-currency

The strongest argument I have ever read for the need of shitcoins.

BTW I estimate at least 3 other shit coins have value.

Oh gawd...  

If she doesn't do something good soon, I'm selling everything.







No, I'm not, but I am a bit pissed off.

Why?  Generally speaking, for a bitcoin HODLer, accumulator, there should be no reason to be "pissed off" in any kind of real and meaningful way.


Or is there?  





What memo (or happening in the world) did I miss?

[edited out]

If we assume that history repeats itself as shown in this chart, then this calculation also gives us another opportunity because if you look at this chart Whenever the market has moved towards improvement after being dumped, it has been dumped again after a few weeks means it has retested the bottom, So BTC can reach again 20000$ to 18000$.

You are starting to sound a bit dogmatic in your desire for lower BTC prices that may or may not happen.

There are plenty of times in BTC history that it did not dump again a few weeks later to retest the bottom, and in those cases, plenty of fence sitters, bitcoin naysayers, shitcoiners and nocoiner/low coiners got reckt.  Do you need examples (or can you look at the chart yourself?), or are you just going to state certainties about some BTC DOWNity price movements that are less certain than you are making them out to be.

What are those 3 shitcoins?

You are asking for a batslap, aren't you?  Horey sheit!!!!!