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

[bitserve]

I'm expecting that last v shaped super dump

A super dump down from -85% from ATH? A year after ATH? A "super dump" from here would mean the death of BTC. Won't happen.

Never say never. The good thing about this last rise is that we can still make that final capitulation dump without having to go much lower than $3000. It still is a possibility and, in fact, would be reasonable. It should have to happen in the next couple of months though. And it would probably signal the end of the bear market for sure.

[1713306999]

1713306999

[1713306999]

1713306999

[becoin]

Classic bear trap will close today. Strong up will follow!

how strong

Price will go >$5k in just a week.

[Last of the V8s]

Come on Bitcoin, Daddy needs a brand new Cullinan, and frankly 100 coins is a little stiff.
https://youtu.be/WpdFOk8h-EA
Chris Harris doesn’t like SUVs. So we sent him to drive one of the most expensive SUVs in the world. Here’s his take on Rolls-Royce’s all-new Cullinan. Subscribe to Top Gear for more videos:

[d_eddie]

Indeed, the Dow-Jones grew nearly 5% today. Is that Trump doing it, or does he wait for the PPT to give him the go ahead?

[El duderino_]

Classic bear trap will close today. Strong up will follow!

how strong

Price will go >$5k in just a week.

if that is true, then i guess i found a new master/guru

[VB1001]

I do not have money to collect manufacturing watches, but they have always fascinated me, something that we do not give importance to today like a mechanical watch and very few people know how to build it, if we add a complication like a perpetual calendar the people who know how to build it It reduces exponentially.



Today I see that Hublot (it's a luxury watch brand, its pieces are not manufactured) wants to get Bitcoin profits by selling a limited edition of 210 units for $ 25,000 can only be purchased with Bitcoin (previous statement with the origin of BTC) and The personal transaction number will be recorded on the watch.

I wonder what Hublot would do if Bitcoin used its brand to get benefits for the same amount of money.

[El duderino_]

via Imgflip Meme Generator

https://blockchainreporter.net/2018/12/26/india-crypto-might-be-legalized-with-firm-regulations-in-place-says-government-committee/

[gembitz]

Classic bear trap will close today. Strong up will follow!

 

~bear tarp

[HairyMaclairy]

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/

South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading

India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges

Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike

Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation

This is what Bitcoin is all about.  Not Wall Street.  About giving people under oppressive regimes a financial escape route.  Best post this week.  

[El duderino_]

https://medium.com/@hugonguyen/bitcoins-incentive-scheme-and-the-rational-individual-dc20effa4715

Something to read, me into the HODLcave
Goodnight WO’s

[BTCMILLIONAIRE]

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/

South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading

India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges

Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike

Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation

This is what Bitcoin is all about.  Not Wall Street.  About giving people under oppressive regimes a financial escape route.  Best post this week.  

Especially coupled with the satellite streamed blockchain.

[Last of the V8s]

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/

South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading

India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges

Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike

Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation

This is what Bitcoin is all about.  Not Wall Street.  About giving people under oppressive regimes a financial escape route.  Best post this week.  

any regime

[Last of the V8s]

https://twitter.com/Chronotope/status/1078003966863200256
Great thread on how the internet is faked.
Who knew?

[HairyMaclairy]

Especially coupled with the satellite streamed blockchain.

I haven’t read into it. What’s the coverage and what sort of gear do you need to pick it up?

[jojo69]

Especially coupled with the satellite streamed blockchain.

I haven’t read into it. What’s the coverage and what sort of gear do you need to pick it up?

global

SDR, LNA and a dish, not a real problem

[HairyMaclairy]

Cool.   I found this:

https://hackernoon.com/building-your-own-bitcoin-satellite-node-6061d3c93e7

[realr0ach]

Interesting discussion around Proof of Stake.  Proof of Stake has no way to hard fork, accordingly issues must be resolved by “community consensus”.  

https://twitter.com/laurentmt/status/1077635243845259265

TBH though, it's moot. I don't think anyone cares anymore after what happened in the Bitcoin community. Satoshi envisioned that the fork chain with the shortest PoW record would get "attacked and killed off" by the miners. Never fkn happened. In fact, they kept all forks alive because "reasons", selfish fucking reasons.

So it's a non-argument that has lost its meaning.

POW does nothing to solve rough consensus attack = another reason there's no Schelling point in craptocurrency.  Craight Wright is unable to fork my physical silver.

[criptix]

Coinbase 15 min looks like a bearflag :/

Dump incoming.

[infofront]

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/

South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading

India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges

Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike

Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation

This is what Bitcoin is all about.  Not Wall Street.  About giving people under oppressive regimes a financial escape route.  Best post this week.  

I'll respectfully disagree. It's about lambos, hookers, and getting rich quickly.

[realr0ach]

Dammit, roachie-poachie is screwed....  

Interestingly enough from what I read, silver seems to be relatively inert to this process for now. This is not making gold bars out of thin air..this is something that might be useful in certain chemical processes found in heavy industry. Thereby lower production costs hopefully. Something to keep an eye on in the long term I suppose.

Yea, there's a few factors to consider here:

1)  The main application this copper alloy or whatever you want to call it seems to be useful for is oxidation resistance

2)  Gold's main use in manufacturing seems to revolve around oxidation resistance.

3)  Silver's main use is NOT oxidation resistance because silver reacts with sulfur in the atmosphere while gold doesn't.

So, assuming creating this stuff is actually economically viable or the process is even real, it seems like it's only real effect would be copper taking some of gold's industrial use market.  Copper is already used instead of silver in most electricity transmission applications, so there's really nothing that's even possible to change in that regard.  All the speciality cases that require the increased conductivity of silver over copper remain completely unchanged.

TLDR:  slight net-negative gold, no change silver