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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[pixie85]

If I make to that year I would be 83 years old.

If will be fun to see how things are by then.

I hope you'll be coming here despite being 83. I know a number of people older than 80, so you have decent chance.

I wasn't expecting bitcoin to launch like that today. It needed some time to digest the blackrock news, I guess.
A lot of resistance above 30k. This candle is going to do some poking before it finally goes through the ceiling.

[philipma1957]

My dad's great line was 80 sounds good til you are 79.

83 does sound decent the oldest male in my family was an uncle that got to 93.

Men in my family tend to do 75-85

Women tend to do 86-93.

1 uncle did the 93
1 aunt did 98

[shahzadafzal]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

[Hueristic]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

Don't mix up exploration and tourism.

[shahzadafzal]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

Don't mix up exploration and tourism.

I completely agree with you!

It is also true that space tourism is advancing at a faster pace compared to space exploration.

[philipma1957]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

Don't mix up exploration and tourism.

I completely agree with you!

It is also true that space tourism is advancing at a faster pace compared to space exploration.

Why is that? Maybe "men in black" is real.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[pixie85]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

I've read they had a safety mechanism in form of a timer that drops ballast automatically and makes the vessel go to surface.
They also had an inflatable balloon thing that they could use to resurface if there was no power or there was engine damage.

There's a chance they have resurfaced and are drifting somewhere waiting to be found but even if that's the case will die from lack of oxygen tomorrow because they can't open the hatch from the inside.

[Hueristic]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

I've read they had a safety mechanism in form of a timer that drops ballast automatically and makes the vessel go to surface.
They also had an inflatable balloon thing that they could use to resurface if there was no power or there was engine damage.

There's a chance they have resurfaced and are drifting somewhere waiting to be found but even if that's the case will die from lack of oxygen tomorrow because they can't open the hatch from the inside.

"can't open the hatch from the inside."

What??? really?

Thats retarded if true.

If nothing else a small acetylene torch can cut a hull hole.

[pixie85]

That's what I've read in at least 2 separate articles. Once the crew is inside the hatch is screwed on top and they cannot get out unless someone unscrews it. This means if they resurface and aren't found they'll die anyway.

Another strange thing is they don't have any electrical or air wire connecting them to the ship on the surface. They cannot be pulled out and they cannot be powered if they lose power.

[sirazimuth]

OT:

The survival chances for Tinan's passengers are a mere 1%, and even if they are located, the likelihood increases only to 15%.

We currently lack the capability to rescue anyone in such a scenario.

That makes me wonder are we ready for the space exploration? How can we venture into the vast unknown when we haven't fully explored our own backyard?

Don't mix up exploration and tourism.

Tourist….”I want to get locked inside a metal cylinder and plopped to the ocean floor 12000 feet deep under immense pressure with virtually no communication and a limited oxygen supply.”
OceanGate Expeditions …”Sure, that will be $250,000 please. Sign these waivers because you might die. Why do you want to do it anyway?”
Tourist….”I want to desecrate the Titanic gravesite and take pictures for my Instagram so I can get lots of likes. What could possibly go wrong?”

[DireWolfM14]

That's what I've read in at least 2 separate articles. Once the crew is inside the hatch is screwed on top and they cannot get out unless someone unscrews it. This means if they resurface and aren't found they'll die anyway.

Another strange thing is they don't have any electrical or air wire connecting them to the ship on the surface. They cannot be pulled out and they cannot be powered if they lose power.

The whole thing is scary as fuck, especially for those of us who are claustrophobic.  It must be nightmarish for those folks, if they are still alive.  Imagine 96 hours of impending doom...  I'm still hopeful they'll be found alive and well, but time is getting short at this point.

In regards to space exploration, if I was stuck in a small space capsule adrift in space I think that would be less scary than being stuck in a submarine at the bottom of the ocean.  I never said claustrophobia was a rational fear...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

To go down to the Titanic wreck in a simple submersible that has a depth rating close to 100% of what it is maximum designed for is just idiotic.
The cylinder shell that holds the "crew" was woven carbon fibre with titanium rings using epoxy, so no bolts to hold anything critical together.
That doesn't sound good enough going by what sub experts are saying.
To paint the top white is stupid also. Why not a bright yellow or orange colour so that it is easily spotted if it did surface?

I think the men are by now long gone, they probably died instantly on Sunday or the latest by Monday/early Tuesday due to hypothermia and/or suffocation/asphyxiation.

I don't buy the 96 hour life support thing at all as everything OceanGate says appears to be embellished. Maybe 2-3 days tops was possible.

Could the tapping that was heard today still be them? Hmmm, maybe. I'd give it a 0.1% chance.

There is a chance the vessel will eventually be recovered if it at least is on the ocean floor near the Titanic wreck in one piece.
But if it imploded there might be not much left of it except debris and there could be nothing necessarily obvious to spot after a while with currents.
It could just be like MH370 where eventually a piece is found next year washed ashore somewhere and that's it.


I became interested in the Titanic after watching the Titanica documentary in the early 90s in a domed Omnimax theatre (now simply called Imax). I reckon that documentary inspired James Cameron tremendously in the side story (the non Romeo & Juliet parts) for his movie, as they also went down in the Mirs with the Kaldysh as support vessel.

What always stayed with me was the argument in the submersible about opening a suitcase on the ocean floor or not. I've read many books on Titanic, even about the hearings that followed.

I never minded the exploration of the Titanic wreck, I have nothing against James Cameron or Robert Ballard. They both provided great insights into what happened.
But anyone trying to build a tourist attraction out of this dangerous activity is just unhinged. I guess I see it the same as climbing Mount Everest in some ways.
And you could thus debate if there even should be a rescue or recovery attempt, often for Mount Everest this is deemed as impossible and bodies (estimated 200) are just left up there.

I'm sure (sponsored for scientific reasons) exploration of the Titanic wreck will continue eventually, it may be a decade or so before someone does it again but it won't be tourism ever again I suspect.

History will probably conclude that OceanGate was more reckless than The White Star Line itself.

I feel sorry for the 19 year old kid.

[JayJuanGee]

By the way,..... I would like to mention:
....[edited out]

It is difficult to conclude without knowing the amount of Bitcoin, but i do hope it was significant amount for you! I mean we do see flash crashes every now and then, why not the opposite...

I kind of have a figure in my head regarding how much it is (was), and I consider it as a very significant amount, even though probably it is only a few percentage of my overall BTC holdings - since I have moved a lot of my BTC holdings off of exchanges and never had any kind of policy to sell large amounts of my BTC on the way up.. even if the BTC price were to stay up.

Many here might recall (since I repeat my lil selfie so frequently) that I have a policy and practice of ONLY selling a relatively small percentage of BTC on the way up.. so there is a kind of built in presumption that is built into the way that I attempt to engage in BTC portfolio management, regarding what if the BTC price were to go shooting up without any kind of meaningful/significant correction that would allow me to by back while the BTC price were to be shooting up, and would I have to question myself about whether I still would be happy that I had sold the amount of BTC that I end up selling on the way up without having regrets about it.  

In some sense this little mistake that happened yesterday provided an opportunity for a variation of that vision to play out.. but the ONLY thing ended up being that it was a mistake, so the BTC price ended up coming back down to where the price was prior to the mistake... So it is almost like getting the benefits of both worlds.. the BTC price going shooting up, but then correcting back down almost immediately.

Another crazy angle, is what to do?  what to do?  Do I just buy back everything and increase my BTC stash by a pretty good sized chunk.. or do I kind of divide up the whole chuck of "extra money (BTC and USDT) that was not expected.. in other words the extra money (value) is like icing on the cake.. it was not anything that I expected or even needed - but in some sense, at the same time, since it was a pretty good sized free gift, then I largely just decided to plug aspects of it back in, and also to just keep what I am doing - but maybe just increase some of my budget in the coming year or so (merely based on this happening), even though we might get some more windfall that allows for more increasing of some of the budget that applies to many of us longer term HODLers who might already be mostly shaving off BTC from time to time, and a kind of mistake that just happens, helps to resolve some of my dilemma regarding how to possible shave off some value from time to time, my dilemma (to the extent that I had a dilemma) has been resolved for me.. including quite a bit of windfall (bonus value).

Since Binance is getting quite a bit of heat recently (even in the courts), I did move a bit of the extra BTC that I had bought back off of the exchange, and I probably will just continue to move BTC off of that exchange as some of my currently adjusted BTC buy orders are likely going to continue to get filled (and the various ways that I will likely continue to convert that extra USDT into BTC - or otherwise maybe spend it in the coming months/or maybe year.. and then also there are chances that BinanceUS assets could get frozen too.. yet it is difficult to know how likely that is .. including the ongoing petitions from the US Govt. currently including the SEC, but could end up involving the DOJ at some point in the future.. since the US Govt. seems to have such a hard-on against Binance (and BinanceUS) in recent times).

I wonder if my little windfall was as good as Goldkingcoiner's 80x mistake?  Who knows?  Could be a question/answer that is relative?  relative to our own circumstances.  how long was goldkingcoiner able to live off of his 80x mistake?  Sometimes the ramifications are quite extensive because it allows for potentially long term rippling benefits.. that are not always easy to quantify.. just like some of my decisions in 2014/2105/2016 had long term rippling effects in terms of having more bitcoin to work with rather than someone who might have taken  a more conservative (or whimpy approach) to their BTC accumulation during those times.

[edited out]

Nice one JJG

Thanks.  It's like being in the right place at the right time.

I know someone who recently got a lot of his/her BTC caught up in various bankruptcy situations.. and other ways of losing his/her BTC due to sloppy management of the holdings.. and in some sense I feel bad because the totality of my gains from this mistake seems to be worth close to the amount that the other person has lost (or otherwise got tied up), and so there can be some value in terms of staying alive and having some BTC to play with during these kinds of weird but sometimes fortuitous times.

[Gachapin]

congrats JJG, tremendous trade!

happy for bob's newly found farm felicity..

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[darkangel11]

I think the men are by now long gone, they probably died instantly on Sunday or the latest by Monday/early Tuesday due to hypothermia and/or suffocation.

I also think that's the case because if they had power they would've used the engines to push themselves to the surface. With no power there's no heating and it's freezing down there.

Could the tapping that was heard today still be them? Hmmm, maybe. I'd give it a 0.1% chance.

The tapping could be the sound of parts of the sub dropping onto the Titanic.
Bad joke, I know.

[BitcoinBunny]

Come on man, stay above 30K.