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

[Wekkel]

Some further weekend reading:

https://multicoin.capital/2018/10/09/100-trillion/
https://multicoin.capital/2018/03/15/paths-to-100T/
https://oleganza.com/all/renaissance-of-cryptography/
Work is Timeless, Stake is Not by Hugo Nguyen https://link.medium.com/b7UO5OJ2aR
https://blog.picks.co/pow-is-efficient-aa3d442754d3

It is clear that I have PoW on my mind. Something that the Bitcoin community really has to think about in terms of putting forward a simple ELI5 response when another no-coiner utters the words: "but ... but ... PoW energy consumption".

In this respect, perception matters. Do not give adversaries a chance to use this as an angle of attack.

[edit]micgoossens, that looks like a regular schuurfeest somewhere on a farmer's land instead of an official Oktoberfeste zelt auf die Messe. But still good fun  ;. [/edit]

[Kylapoiss]

 I don't incrementally backup as I create an image so making changes to an existing image means starting from scratch once I close the program.   I knew yours didn't look quite right so I still had the image open while I was working on mfort's hat in case I needed to make a change and my software crashed.    
Long story short, this hat will be ever so slightly different but still has the same overall appearance.


 Avatar-sized


 

Thanks mate, I owe you one, looks awesome!

Hey, I wrote a poem, I know many were left out, but as time passes I'll prolly get to know ppl better and add them in the future.

<...cute poem mentioning yours truly and others>

one way to harvest merits I suppose... (yw)

Well, I'm not a technical analyst, nor can I give any other crucial advice to people, so I have to collect my merits some other way. And I want to wear the hat!

Going on a plane in 7h, gonna collect some more names and lengthen the poem.

Thank you all for the merits, stay cool, like always

[Last of the V8s]

Some further weekend reading:

https://multicoin.capital/2018/10/09/100-trillion/
https://multicoin.capital/2018/03/15/paths-to-100T/
https://oleganza.com/all/renaissance-of-cryptography/
Work is Timeless, Stake is Not by Hugo Nguyen https://link.medium.com/b7UO5OJ2aR
https://blog.picks.co/pow-is-efficient-aa3d442754d3

It is clear that I have PoW on my mind. Something that the Bitcoin community really has to think about in terms of putting forward a simple ELI5 response when another no-coiner utters the words: "but ... but ... PoW energy consumption".

In this respect, perception matters. Do not give adversaries a chance to use this as an angle of attack.

[edit]micgoossens, that looks like a regular schuurfeest somewhere on a farmer's land instead of an official Oktoberfeste zelt auf die Messe. But still good fun  ;. [/edit]

wow good lot of bumph to wade through, as well as previous contributions, thanks a bunch lol.
don't really see these people as adversaries nowadays, just as losers. no time for them. but if I must: the more energy you put into keeping your money safe, the safer your money will be.

[Kylapoiss]

Oh and I want to get a new tat, crypto related, any ideas? I should hide WO somewhere too

[El duderino_]

^^^
Haha lol
Hoogstraten oktoberfest not germany koln offcourse, my man wekkel you from somewhere around here ?
And it ain’t to bad in here

And notice there ain’t no weekend Readings only weekend fuck ups  

[Kylapoiss]

oktoberfest started already finisht 4 of them half liters beer..... and only 22h

That's one hell of a party, how many days are you spending (drinking) there? Don't forget to drink a sip of water after every 15 beers 

[infofront]

Boobies trap!

Are you fellers tryin' ta turn me back hetero or sumthin' ?

Sheeit.

Just get really drunk and try it some time.

[infofront]

Hmmm....



https://twitter.com/IamCryptoWolf/status/1053537626354016256

[HairyMaclairy]

Continuing to watch this carefully. Continued drift away from red line.  Possible floor forming at $6350.   Also wary of Saturday night fuckery.

[Last of the V8s]

https://twitter.com/nagertherager/status/1053732468073758720
more boobie trap

https://twitter.com/Tweet4nita/status/1040839448043429889
Tourettes gamer gurl

[JayJuanGee]

I don't see any connection either way.  Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt.  Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

you made me look at the charts for gringo stock market and you seem to be quite wrong

Exactly.... most of the correlation, to the extent that it could exist in some kind of way, is coincidental, more than anything.

Bitcoin is a quite different asset class, and so immature that it is going to take a long while for the correlation dynamics (to the extent that they might exist short term) to get worked out.

When an asset, such as bitcoin, is in the very early stages of adoption and likely at the bottom of the hockey stick, you are not going to find too many assets in that same stage of development and adoption.

Technicals work on the short term and looking in retrospect, but with bitcoin you also have to consider the fundamentals that continue to keep the underlying hockey stick that sometimes is difficult to see in the short term and while we are in the midst of it... but the fundamentals are going to drive the technicals beyond the little categories and boxes in which they try to short term predict bitcoin's imminent downfall that never seems to actually happen because of the underlying and unseen hockey stick - that only some peeps can appreciate such invisible hockey stick for being present.   

Evidence to confirm Bitcoin's low correlation to other asset classes at least until the beginning of 2017:

https://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/

Thanks for that relevant topic link. 

We do seem to need an update to the content and studies in which that article relies since it seems reasonable that some people are wanting to give greater weight to more recent financialization building in bitcoin with the passage of time (which I believe is quite reasonable for more weight to be given to more recent dates and events including further expansion of bitcoin financialization developments).

[El duderino_]

Its just midnight and me thinking it ain’t much longer before carrieing me out wil  be in progress , english ain’t good , don’t mind it tonight!

Oktober schuurfeest whatever beeing drunk on sideways is whats happening and me still hetero cause my girl wearing this red hair is amazing as FUCK

[JayJuanGee]

So we're still stuck at 6500 or so, is bitcoin the new stablecoin?

No.   

[JayJuanGee]

The hat could contain a secret boobies trap!

Boobies trap!

OMG!!!!   Wouldn't want that.

[JayJuanGee]

Boobies trap!

Are you fellers tryin' ta turn me back hetero or sumthin' ?

Sheeit.

Just get really drunk and try it some time.

He might not go back.   

[xhomerx10]

https://twitter.com/nagertherager/status/1053732468073758720
more boobie trap

https://twitter.com/Tweet4nita/status/1040839448043429889
Tourettes gamer gurl

 Hang on newt, we're heading for the rhubarb (and custard cider)!

[infofront]

Precious.



https://twitter.com/paulkrugman/status/1053274998742441985

[infofront]

https://twitter.com/Tweet4nita/status/1040839448043429889
Tourettes gamer gurl

I want to drink that cider she's talking about.

[goldkingcoiner]

Where is the weekend dump back to 6,2k?I want to see a thicc bollinger band! THICCC

[HI-TEC99]

Where is the weekend dump back to 6,2k?I want to see a thicc bollinger band! THICCC

You were so busy posting here that you missed the dump. The price crashed to $6399, but there's been a pump to the moon of $6410 since then.