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

[JayJuanGee]

BTW, don't blindly trust what OpenAI says. I asked it a technical question, and the answer was totally wrong (albeit with perfect English).

It learns though. I challenged its response, citing a source that proved it was wrong. It apologized, and answered correctly the next time I asked the same question.

Based on the few interactions I've had with it, it's a natural language-polished source of raw data, without much "concern" about their accuracy or even correctness. Don't rely on it. Not yet anyway.

Apparently its really good at coming up with creative solutions to coding problems. The way it "thinks" about coding is uninhibited by traditional concepts of what commands can or should be used for what, allowing it to generate sleek, perfectly-functioning code.

Very nice, but here's an important question: is the resulting code generated by the AI itself, or is it just being pulled off some page on the internet, based on the real (human) programmer's description and how well it matches the query? In any case, how can one be sure that the code is bug-free? Also, is the AI engine capable of avoiding, detecting, and possibly correcting, bugs that are more complex than syntax errors or simple overflow/memory corruption cases? I'm talking generally here, and not specifically about the code you posted.

The possibilities of an AI generating efficient code that goes beyond conventional coding practices is very exciting, but I would avoid using the generated code in a copy/paste fashion. I'd prefer to have the AI check my own code, in case it can spot bugs I missed. But then, not everyone would want to send their own code to an AI.

Regardless of the above concerns, I'm sure we'll see significant and very exciting developments in the AI field.

Makes a guy/gal go "hm?"  If you do not want to send your code to an AI (for proof-reading or whatever), then it's almost like you have to create your own bot for that purpose, and forbid such bot from sharing your information with other bots (a kind of bot NDA - to the extent you can trust a fucking bot to not stab you in the back - back stabbin bot, bawb?).

I don’t know why but I felt it amusing… sorry for thevinnocent people who lost their savings but Apple, Binance and Netflix hahaha 🤣
So they all fell for the scam?
JUST IN: FTX owes money to Apple, Binance, Coinbase, Netflix, Southwest Airlines, and others, filing shows.
https://twitter.com/watcherguru/status/1618613006639980550

Either SBF was a genius.....
Everything that has transpired has done so according to my design.

Or he was a complete and utter imbecile....
I know-ah nothing. I learn the English from a book. I know-ah nothing. How are-ah you? Why you look upset with the anger? What is the bit of a coin? What you lose? I exchange? What is the C I O? I run the company? FTX? What the Fuck TX mean? I know-ah nothing. How are-ah you?

I don't know why it has to be either or, and also, there were a lot of fucking people involved in this.. he was not even close to competent enough to set up that many different organizations.. even though sure, he had some leadership, figure head and even playing the part of acting like he knew what the fuck was going on, including some of the various obvious fake bullshit.. but then people say that they had some pretty good code in terms of some of the trading engine design.. even though it was stealing money at the same time.. .. full time stealing?  not sure about that..  I did not even use that exchange at all, so I can ONLY speak to what people were saying about it.. and yeah if there are some products that were innovative.. but they were illegal too.. but maybe they were just overly risky, but sometimes there can still be some interesting trading pairs if they had not been manipulated that could be figured out ways to make legal.. maybe?

[Paashaas]

snip

Gallbladder surgery successfully conducted without any complications and her health has a positive prosperous outcome.

Went to the beach today, of course not for a long walk but for some fresh air and having lunch at the restaurant that is located near us. Gave her a hand to hold on for extra balance was necessary.

Vacation to Egypt postponed which i hope will be fruitful without any unexpected circumstances.

[ChartBuddy]

Explanation

[AverageGlabella]

snip

Gallbladder surgery successfully conducted without any complications and her health has a positive prosperous outcome.

Went to the beach today, of course not for a long walk but for some fresh air and having lunch at the restaurant that is located near us. Gave her a hand to hold on for extra balance was necessary.

Vacation to Egypt postponed which i hope will be fruitful without any unexpected circumstances.

Congrats on the successful surgery! I know how painful that can be and the surgery is 100% worth the recovery. Speedy recovery to your wife!

[ChartBuddy]

Explanation

[eXPHorizon]

You said it was forever but then it slipped away .. THE FINAL MASQUERADE

[JayJuanGee]

I should not need to say this but BUY YOU FOOLS

Inquiring minds want to know?  Do you know something?  What are the parameters?  How might the scenario that you are describing not be true? 

I am not even proclaiming any disagreement with your overall punchline.

What about your recommendation for d_eddie?  D_eddie told us to HODL...

My understanding of HODL and BUYDL are different, except they both have DON'T SODL in common... which seems to be an easy recommendation of not to SODL at these prices.. but you cannot stop people from trying to be "smart" and even though we likely realize that there are some "smarter than everyone else" folks who are not even uncommon who are likely selling around these price points. 

That reminds me.. has anyone heard of TrustedBitcoiner?

<snip>
I don't really mind the idea that you are making some short-term measures, but the real measures with long term investing, DCA and other ways of accumulating that might fall into buying on dips and lump sum investments tend to be better measured 4-10 years or longer in advance.  Of course, in bitcoin historically, we have had a lot of fairly regular great bouts of volatility, so there will be periods of time in which a lot of profits can be measured in a short period of time.. but still even if someone might find a lot of profits, even in a one 4-year cycle period, the real compounding seems to take place over a couple of cycles or perhaps more, even though of course there are no real guarantees that UPpity will continue.. 

I intend to show a long dca for over a year with fiat and btc updating

Fair enough.. Do what you like.

Yet, I think that my point still stands in terms of how long you might be measuring.  So for example, if you start to measure in November 2022, then part of my point is that you may well need to see one whole cycle which would bring your measuring out to November 2026, or even a couple of cycles if you want to really recognize and appreciate the compounding effects which could well bring you out to something like November 2030.

Another point that I made is that if you are trying to be somewhat representative of what might be going on with any portfolio, you likely need to represent from where you started, which in your case seemed to have been generating money by selling low and hoping to buy back even lower... which may or may not have been successful, but surely tends to be a risky as fuck practice that hardly would be representative to be suggesting from here on out I am using certain authorized levels of cash to buy back in increments.. and gosh the story is seeming so incomplete.. and sure, I am not suggesting that you need to tell everything.. but there are ongoing problematic areas.

I remember your paypal buys for a while that ended up petering out without any updates, and there have been various threads on the forum in which someone begins a kind of DCA approach, and there are not too many that even last a year, even though surely it would not be a bad idea if someone were to want to try to have some kind of an ongoing thread and/or presentation on the topic - and would not even necessarily need to use the actual numbers.. but to make some kind of an attempt at representing personal performance.. or even the establishing or BTC accumulation goals and then reaching or exceeding them, or sometimes maybe realizing that the goals might be too lofty..

There have been somewhat seemingly weird cases too.. like the mindrust example, and sure maybe he was too specific and too disclosing in terms of his particulars, but even though seemingly weird, it ended up being pretty damned realistic and representative of what can happen to people.

I understand that sometimes any of us want to be careful in terms of disclosing too much including that if we might say that we have a fairly modest goal, and then all of a sudden, a few years later, we are realizing that our modest goal seems like an amount that has become completely unobtainable by a vast majority of normies, and I have even said that with my own current means, I would have trouble accumulating even 5% or 10% of my 0.63 BTC or whatever it is..,. so the truth of the matter is that sometimes 1-2 cycles, or 4-8 years down the road, the earlier amounts of BTC that had been accumulated may well become unattainable for people of similar starting means, but does not necessarily mean that they should not start some kind of a similar process.. even though there are no guarantees.. and also degrees of accumulation might not even be close to as possible years down the road, but we are not necessarily going to know.. ..

So for example, I had a lot of cashflow issues in mostly early to mid 2015, and some of those cashflow issues were starting to resolve themselves by the end of 2015, and those somewhat resolutions of my cashflow were not completely related to the BTC price rising - yet surely, it did not hurt my cause that BTC prices started to rise and also that there was a kind of cushion in terms of having value in BTC, even if I had not authorized myself to sell much if any of my BTC as it rose in price from late 2015 and slowly through 2016 and more violently (even though not certain) through 2017.. and part of the point that I was wanting to make is that sometimes I would have an extra $20 come in and then I would use that $25 to buy $12.5 worth of bitcoin (0.05 BTC), and similar dynamics were going on with higher amounts of cashflow such as if $250 extra came in to buy $125 worth of bitcoin (0.5 BTC), currently those amounts of BTC purchases seem outrageously high.. in the event that any of us might have been able to continue to hold and not sold those BTC through the subsequent years in which there were temptations to sell when it went up at various times.. and maybe even fear about buying back since if the price might have been $2,500 per coin in mid 2017, then we might psych out our lil selfies into believing that the BTC price is too high because in 2015, I used to be able to buy 0.5 BTC if I had $125 extra cash, but when the BTC price is up to $2,500 per coin, I can only get 0.05 BTC with that same amount.. .and of course, now if the BTC price gets up to $25k, then I will ONLY be able to buy 0.005 with that same $125, which does not mean that I should stop buying, but sometimes we might end up psyching ourselves out by the changes in prices and we also might end up disclosing way more specifics than we should have disclosed in our earlier attempts to be specific and forthright with the contents and details of our posts.

[AverageGlabella]

That reminds me.. has anyone heard of TrustedBitcoiner?

Should I of heard of them? Who or what is trustedbitcoiner?

[ChartBuddy]

Explanation

[Hueristic]

BTW, don't blindly trust what OpenAI says. I asked it a technical question, and the answer was totally wrong (albeit with perfect English).

Apparently its really good at coming up with creative solutions to coding problems. The way it "thinks" about coding is uninhibited by traditional concepts of what commands can or should be used for what, allowing it to generate sleek, perfectly-functioning code.

Someone made a post on reddit that was supposed to be pseudocode and I immediately pointed out whoever wrote it had no clue what pseudocode was and now that I think of it, I think it was written by openai.

[Hamza2424]

That reminds me.. has anyone heard of TrustedBitcoiner?

Should I of heard of them? Who or what is trustedbitcoiner?

Yes, You did, If not then use the Recent trend and ask Open AI...

Still what i think is JJG is better known. Open AI doesn't know who is responsible for peace in WO (You know firewalls against Altcoin posters). 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[shahzadafzal]

I thought someone will post it here but nobody did… why? isn’t it a big thing?

It’s a new record for bitcoin hashrate!

300,000,000,000,000,000,000 hashes / second

Three hundred quintillion hashes are computed every second to secure the network!


https://twitter.com/documentingbtc/status/1618640273382477829

[JayJuanGee]

That reminds me.. has anyone heard of TrustedBitcoiner?

Should I of heard of them? Who or what is trustedbitcoiner?

I would suggest that TrustedBitcoiner has a decent number of characteristics as a disingenuine troll; however, he had also provided some seemingly personal information that suggested that he might actually be engaging in the BTC trades that he claims to be engaging in.  You should be able to see most of his post history in this thread, unless he deletes some or all of his posts, then you would have to go by the various points in which his posts were quoted by other members.

I suppose that he became a bit more irritating and outwardly self-righteous towards the beginning of the year when he said that he had shorted a little over $17k and suggested that it was a "sure bet" blah blah blah down before up bullshit, and at first, he said that he was expecting the BTC price to go down to unspecified points, but then he said that he was going to re-enter the trade around $16.7k.. and then when the trade did not seem to be going his way, he said that he would reenter at $16.9k.. and then thereafter the BTC price kept going up, and he kept asserting (whether true or not) that he kept entering shorts because for sure the BTC price would go down at some point.. blah blah blah.. famous last words, no?

I doubt that he is going to go away, because at some point (perhaps when the BTC price dips 10% or something.. if it does) that dweeb is likely to come back in and say "I told you so." I made a killing and blah blah blah, you should have listened to me.

Don't get me wrong.. I am not completely against trading, but I find it a bit irritating when guys seem to be talking their book. .and assigning way higher odds to one direction over another that does not really seem to be based on much beyond either their books or perhaps a feeling they have or some nonsense that they might have gotten from some other supposed expert.

There surely are some guys/gal in here who may well assign seemingly higher than reasonable odds to one direction or another, and when either they admit that they are personally biased or that are not overly arrogant about their approach, then it is less annoying for me, and I don't even necessarily need to agree with some of the guys/gal, and surely, any of us can have our ego get in the way or that we might go overboard in some of our criticisms of the approach of other members. and some members are able to discuss through their approach, and sometimes even if we disagree, there are some members who are stubborn as fuck, and if they are actually following the approach that they advocate, at least it becomes harder to proclaim that they are being disingenuine... or that they are not a real person, so I don't really have as much problem when guys are merely stubborn.... and maybe TrustedBitcoiner might reform his ways.. I am not completely sure.. cannot really know.. I mean there are members who I have come to appreciate their point of view, and the points that they raise, even when I don't agree but I get the sense that they are either genuinely working through their approach and sometimes tweaking their approach or even admitting that they had overly allocated towards a position that might have been gambling rather than investing.. and sure if you admit that you are gambling, then don't be trying to present it as if it is broadly applicable..because that is irritating to be seeing those kinds of presentations that seem to likely fit better in shitcoiner-world or the delusional aspects of fiatlandia..

Many of us make several mistakes, misjudge the direction or the degree of the price moves in bitcoin, and sometimes might even have some poor security practices, and hopefully, we are still able to figure out ways to share and/or to debate information because admittedly it sometimes can take a while to change some of our practices, and there are changes in the industry too... or some kinds of developments in which some of us might not have realized how much risks we had been taking or maybe even how some of the risks of people in our lives, relationships we have or even business partners might end up dragging us into situations in which we had not realized how many risks that we were taking..

Let's say for example that in early 2021 I have $12k that I could either invest into bitcoin (or maybe I already have the $12k in bitcoin) or I could lend it to a friend (relative) or someone I thought was responsible... and I know that the person already has something like 4 BTC, they showed me there various "account balances," and I have no reason not to trust the person to be good for their word.. and they have good reasons for the loan such as wanting to make home improvements and not wanting to sell their BTC while the price is down.. and they would rather go through me than to go through a bank for convenience.. and because they have other assets and enough cashflow to service any loan that I would give them, even if I were to loan them twice as much... at the time that we are discussing the loan the BTC price is $40k, and the equity in their various assets are worth around similar amounts of maybe $120k or more...and I conclude that the best way to manage my own liquidity and balances is to sell some of my BTC so that I can give the loan.

Thus, I feel that I am going to be nice, and then I am ONLY going to charge 6% interest on the loan. or maybe even lower.. and spread the payments over 4-5 years ..and the person tells me that they likely will pay me back more quickly than the period of the loan... .. so maybe a year goes by and the person is making regular payments and there are no surprises or red flags, and then one day the friend, tells me that all of their BTC accounts had blown up, so they no longer have any BTC because they were earning yield on FTX and some other places that were even less reliable than FTX and they made some other mistakes too that caused their BTC balances to go to zero with little likelihood of recovery, and then I realize that there is almost no way I am getting the remainder of that loan money back because that person has hardly any way to pay based on current circumstances -  especially when they are inside of such difficulties and maybe even some of their cashflow is not working out so well either, and sure they might get some of their BTC back down the road.. and things were looking all rosy at the time that I had lent the money.. and then I also might realize that I gave the person too much of a pass.. and maybe I should have been more careful or I should have taken some BTC collateral.. so mistakes can be made in terms of whether to take collateral or how to manage or assess or own risks.

[HI-TEC99]

The EU has legalized putting these bugs in foods:



https://www.bvl.bund.de/SharedDocs/Fachmeldungen/01_lebensmittel/2023/2023_01_25_Fa_Getreideschimmelkaefer.html

They need to be listed on the ingredients so that people allergic to it can avoid them.
Better get yourself a looking glass to read the 4pt fineprint on your next trip to the grocery.

* psycodad heads back to his mealworm yoghurt, sipping on his cricket tea and celebrating the great advance we make in fighting climate change...

By the way your strawberry flavored yoghurt has probably already got insects in it.

https://www.bbc.com/news/business-43786055

If you are horrified by the thought of eating insects, the bad news is that you have probably done so many, many times.

This is because one of the most widely used red food colourings - carmine - is made from crushed up bugs.

The insects used to make carmine are called cochineal, and are native to Latin America where they live on cacti.

Now farmed mainly in Peru, millions of the tiny insects are harvested every year to produce the colouring.

A staple of the global food industry, carmine is added to everything from yoghurts and ice creams, to fruit pies, soft drinks, cupcakes and donuts.

It is also used extensively in the cosmetics industry and is found in many lipsticks.

[philipma1957]

Getting closer to next fed bump.

It is due on Jan 31 - Feb 1.  Tues or Weds next week.

I have to think we get the 25 point bump.

Should be interesting to see next few days and the current 23k number.

[ChartBuddy]

Explanation

[Hueristic]

That reminds me.. has anyone heard of TrustedBitcoiner?

Should I of heard of them? Who or what is trustedbitcoiner?

I would suggest that TrustedBitcoiner has a decent number of characteristics as a disingenuine troll; however, he had also provided some seemingly personal information that suggested that he might actually be engaging in the BTC trades that he claims to be engaging in.  You should be able to see most of his post history in this thread, unless he deletes some or all of his posts, then you would have to go by the various points in which his posts were quoted by other members.

I suppose that he became a bit more irritating and outwardly self-righteous towards the beginning of the year when he said that he had shorted a little over $17k and suggested that it was a "sure bet" blah blah blah down before up bullshit, and at first, he said that he was expecting the BTC price to go down to unspecified points, but then he said that he was going to re-enter the trade around $16.7k.. and then when the trade did not seem to be going his way, he said that he would reenter at $16.9k.. and then thereafter the BTC price kept going up, and he kept asserting (whether true or not) that he kept entering shorts because for sure the BTC price would go down at some point.. blah blah blah.. famous last words, no?

Countinual dumb ass actions.

selling BTC near the bottom to buy back lower is a very risky strategy.... if you can even call it that...
...especially if you won't buy back in again at higher prices should they come

I learned my lesson in 2015

just remember that even small amounts you lose today could be a small fortune in 8-10 years

Guaranteed this account will be abandoned and he'll be broke within the year.

[ChartBuddy]

Explanation