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

[HelliumZ]

O/T

Talk To Me (2022)

Australian horror flick. Just released here in UK cinemas.
Excellent horror movie.
Probably the best atmosphere I've seen in a horror film since The Conjuring 2.
They did a great job. I wasn't bored one second during its modest run time.

Incredible it was done for something like 1/100th of a big modern Hollywood blockbuster's production cost & marketing.
The main actress Sophie Wilde, who was superb, is bound to go far.

I recommend the movie.

9/10

The best horror Movie.
IMDb rating 7.5/10

[Gachapin]

SEC Asked Coinbase to Halt Trading of All Cryptos, Except Bitcoin.
....

this one is from Reuters:

SEC asked Coinbase to trade only in bitcoin before suing crypto exchange
https://www.reuters.com/technology/sec-asked-coinbase-stop-trading-cryptocurrencies-other-than-bitcoin-prior-suing-2023-07-31/

with this obvious stand of the SEC on crypto security tokens, Bitcoin should double against these scams within an eye blink...  if the market was rational ... but well...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

O/T

Talk To Me (2022)

Australian horror flick. Just released here in UK cinemas.
Excellent horror movie.
Probably the best atmosphere I've seen in a horror film since The Conjuring 2.
They did a great job. I wasn't bored one second during its modest run time.

Incredible it was done for something like 1/100th of a big modern Hollywood blockbuster's production cost & marketing.
The main actress Sophie Wilde, who was superb, is bound to go far.

I recommend the movie.

9/10

The best horror Movie.
IMDb rating 7.5/10

7.5 is decent considering averages but you can't just go by IMDB.
It's much, much better than say Barbarian (2022) which gets a 7 on IMDB.

Then there are absolutely awful movies such as Dr Strange 2 and Hulk Love and Thunder which still get above a 6 which is nonsense.

[AlcoHoDL]

O/T

Talk To Me (2022)

Australian horror flick. Just released here in UK cinemas.
Excellent horror movie.
Probably the best atmosphere I've seen in a horror film since The Conjuring 2.
They did a great job. I wasn't bored one second during its modest run time.

Incredible it was done for something like 1/100th of a big modern Hollywood blockbuster's production cost & marketing.
The main actress Sophie Wilde, who was superb, is bound to go far.

I recommend the movie.

9/10

Thanks for this.

Tried looking for it, but it's still not available as a proper 1080p/Blu-ray rip. Only CAMrips... Will wait. Don't want to lessen the viewing experience.

Found something in Full-HD called "Talk To Me Daddy", but I'm pretty sure it's not said movie...  

[Xinarae*]

BTC price ‘fireworks’ after monthly close? 5 things to know in Bitcoin this week.


Source.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

How #bitcoin stacks up against some giants.
^source

[El duderino_]

TML was the bomb

what a festival

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

SEC Asked Coinbase to Halt Trading of All Cryptos, Except Bitcoin.
....

this one is from Reuters:

SEC asked Coinbase to trade only in bitcoin before suing crypto exchange
https://www.reuters.com/technology/sec-asked-coinbase-stop-trading-cryptocurrencies-other-than-bitcoin-prior-suing-2023-07-31/

with this obvious stand of the SEC on crypto security tokens, Bitcoin should double against these scams within an eye blink...  if the market was rational ... but well...

Don't be like that....if bitcoin is strong it does not matter if there are other 'tokens'.
Besides, there are other tokens that are similar to bitcoin in the way they are issued with some of them mentioned here from time to time.
Think about it: if they "cancel" everything else, bitcoin would certainly be next in US, probably for decades...just like trading in gold was.

[Greyhats]

Im gonna attempt to explain mining difficulty with a metaphor


You and a lot of other people are standing at a bar, the queue is exactly one person deep. The bar tender goes around the queue take drinks orders and fulfilling them let’s say clockwise. When you get your drink you stay in the queue and drink it. Difficulty represents the time you have to wait to order your drinks. If a new person joins the queue you will have to wait longer and ultimately drink less in an evening. If a person leaves the queue you will wait less time and be able to drink more in the evening. This scales up(adding to the queue) and down(dropping from the queue). There will also be the few alcoholics who will never leave the queue, and they want more booze than they can imagine wanting.

Is my understanding correct?

I think the joke(miners death spiral) is that those alcoholics will always be there, drinking from the firehouse or waiting patiently for the bartender to serve them.

[hafiztalha]

SEC Asked Coinbase to Halt Trading of All Cryptos, Except Bitcoin.
Source

https://watcher.guru/news/sec-asked-coinbase-to-halt-trading-of-all-cryptos-except-bitcoin?c=462

https://twitter.com/TheBTCTherapist/status/1686020502735761409?t=U-MEaVe1J3NDAIg3DuKnyA&s=19

[nutildah]

TML was the bomb

what a festival

The Too Much Lettuce festival?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Im gonna attempt to explain mining difficulty with a metaphor


You and a lot of other people are standing at a bar, the queue is exactly one person deep. The bar tender goes around the queue take drinks orders and fulfilling them let’s say clockwise. When you get your drink you stay in the queue and drink it. Difficulty represents the time you have to wait to order your drinks. If a new person joins the queue you will have to wait longer and ultimately drink less in an evening. If a person leaves the queue you will wait less time and be able to drink more in the evening. This scales up(adding to the queue) and down(dropping from the queue). There will also be the few alcoholics who will never leave the queue, and they want more booze than they can imagine wanting.

Is my understanding correct?

I think the joke(miners death spiral) is that those alcoholics will always be there, drinking from the firehouse or waiting patiently for the bartender to serve them.

Using your bewildering analogy...the question is: will there be enough "alcoholics" to secure the chain properly?
Phil posited that in 80 years there would not be.
Personally, I don't know as we NEVER had more than a few weeks difficulty decline and btw, those periods were always the local bottom (so far), like Oct-Dec 2018 (cycle low), then China ban (May-July 2021) and summer bottom.

[philipma1957]

Im gonna attempt to explain mining difficulty with a metaphor


You and a lot of other people are standing at a bar, the queue is exactly one person deep. The bar tender goes around the queue take drinks orders and fulfilling them let’s say clockwise. When you get your drink you stay in the queue and drink it. Difficulty represents the time you have to wait to order your drinks. If a new person joins the queue you will have to wait longer and ultimately drink less in an evening. If a person leaves the queue you will wait less time and be able to drink more in the evening. This scales up(adding to the queue) and down(dropping from the queue). There will also be the few alcoholics who will never leave the queue, and they want more booze than they can imagine wanting.

Is my understanding correct?

I think the joke(miners death spiral) is that those alcoholics will always be there, drinking from the firehouse or waiting patiently for the bartender to serve them.

No not quite correct.

The wait adjustment for drinks in your example is close to instant.  In mining btc it is as long as 17 days.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

SEC Asked Coinbase to Halt Trading of All Cryptos, Except Bitcoin.
....

this one is from Reuters:

SEC asked Coinbase to trade only in bitcoin before suing crypto exchange
https://www.reuters.com/technology/sec-asked-coinbase-stop-trading-cryptocurrencies-other-than-bitcoin-prior-suing-2023-07-31/

with this obvious stand of the SEC on crypto security tokens, Bitcoin should double against these scams within an eye blink...  if the market was rational ... but well...

Don't be like that....if bitcoin is strong it does not matter if there are other 'tokens'.
Besides, there are other tokens that are similar to bitcoin in the way they are issued with some of them mentioned here from time to time.
Think about it: if they "cancel" everything else, bitcoin would certainly be next in US, probably for decades...just like trading in gold was.

afaik nobody wants to cancel anything there.  But if you issue or sell a security, you have to follow the law in this day and age.
And the Howey Test is clear & easy to understand. If you choose to ignore it, accept the consequences.

Don't get me wrong, I enjoyed the wild west times of this market, and made money.  But I'm not too sad that these days come to an end, and that scammers cannot fleece newbs left and right by selling lies and shit anymore.

Sure there are coins that are obviously no securities. But I don't expect much from a federal agency. And I think it takes time for them to work through thousands of coins in order to decide what they are.  Luckily everyone know Bitcoin quite well nowadays.