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

[mOgliE]

Isn't it almost incredible how far the ATH or even $10K+ seems about now?

To the contrary, $10k seems incredibly near. Especially knowing that Bitcoin is still in it's infancy.

Don't say that!

I'm buying a house, I've nearly stopped my accumulation for 3 months. Only putting my forum earning on the side.

Once the moving is over I'll start accumulating again! Give me a few months left under 4k pleaaaaaaase

[1714982868]

1714982868

[1714982868]

1714982868

[Hueristic]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

No that is untrue, an emission is a necessity for a currency that's goal is use and low volatility for a plethora of reasons while a cap is good for a SOV which Btc is.

[rebal15]

^
Being someone that buys BTC for long term, and knowing why he makes the choice of BTC for this long term = already an achievement and respectable on its own

If you prove it, I will pay 1k$ btc equiv. Will you accept the deal?

[bitcoinPsycho]

^
Being someone that buys BTC for long term, and knowing why he makes the choice of BTC for this long term = already an achievement and respectable on its own

If you prove it, I will pay 1k$ btc equiv. Will you accept the deal?

It's already proven ..you just have to learn how to read charts

[Hueristic]

I reckon most 'hacks' are inside jobs.

100% agreed. when looking at all other possiblities, inside job is by far the most plausible/likely.

Interesting Wired article... maybe pertinent to the WOber thread?
(Apologies if already linked as its 4 days old... I know,that's ancient history in crypto,and tbh
I don't obsess over this thread so much as I used too, fair weather fan and such....)

https://www.wired.com/story/the-exaggerated-promise-of-data-mining/

In 2018, a Yale economics professor and a graduate student calculated correlations between daily changes in Bitcoin prices and hundreds of other financial variables. They found that Bitcoin prices were positively correlated with stock returns in the consumer goods and health care industries, and that they were negatively correlated with stock returns in the fabricated products and metal mining industries. “We don’t give explanations," the professor said, "we just document this behavior.” In other words, they may as well have looked at correlations of Bitcoin prices with hundreds of lists of telephone numbers and reported the highest correlations.

It's impossible to completely keep up with this thread if you have any life and don't carry a tether (smart phone or whatever:not usdt).

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

ha!! another legend actually paying attention to this shitcoin alt launch.
It caught my eye as I notice even theymos is interested.  
I'm definitely watching it anyway...maybe fire up a miner again, who knows...

Satoshi's intent was privacy on the chain and that is paramount and a deal breaker in my mind if it is not currently included. BTC has not fulfilled that promise as of yet and a second layer solution is not acceptable.

Sorry if all you worshipers can't hand the truth. Monero and possibly Grin can fill that role until BTC can provide this service.

[VB1001]

We already have Binance in Europe.

Launches Binance Jersey

Crypto Exchange Binance Enters European Markets

According to the release, Binance is launching a new trading platform, dubbed Binance Jersey, designed for fiat-to-crypto trading of the euro (EUR) and British pound (GBP) with Bitcoin (BTC) and Ethereum (ETH) within Europe and the United Kingdom.

https://www.binance.je

https://cointelegraph.com/news/crypto-exchange-binance-enters-european-markets-launches-binance-jersey

Now you can save your secure bitcoins:



https://twitter.com/Trezor/status/1085200939613589504

[Hueristic]

We already have Binance in Europe.

Launches Binance Jersey

Crypto Exchange Binance Enters European Markets

According to the release, Binance is launching a new trading platform, dubbed Binance Jersey, designed for fiat-to-crypto trading of the euro (EUR) and British pound (GBP) with Bitcoin (BTC) and Ethereum (ETH) within Europe and the United Kingdom.

https://www.binance.je

https://cointelegraph.com/news/crypto-exchange-binance-enters-european-markets-launches-binance-jersey

Hmmm, won't be long before they start forcing KYC as well. Time to stop being lasy and get some cold storage going and get excess funds off of there. I hate fighting with the printer, only use it once a year or so and those cartridges drive me batty.

Did you account for air drag, or did you only consider gravitational acceleration?

I took an average pebble out my garden. It weighs 10 grams and has a mean diameter of about 20 mm. If we assume it were perfectly spherical with a drag coefficient of 0.47, travelling through air with standard density of 1.225 kg/m^3, and plug the figures into the formula for terminal velocity we get: sqrt((2*0.01*9.81)/(1.225*(3.14*0.01^2)*0.47)) = 33 m/s or 119 km/h. If we pipe that into E = 1/2*m*v^2 for energy, we get ~5.5 J or ~4 ft-lb.

Or in other words, I need Bitcoin to do something exciting.

Perfectly spherical bullets are way different to regular bullets that end up tumbling as soon as they lose the rotational speed with a way higher air drag.

Much of the penetration of a regular gunshot is thanks to its rotational speed. That's why pipeguns are not that effective, even at very short distance, unless properly directed against unprotected vital points (neck, eyes, temple, etc).

To the mooooooon!!! weeeeeeeeee

WO is a surprise box. I share this hobby, sports shooting, it seems that they understand a lot about ballistics.

Oh, past year I decided to cancel/not renew my "sports shooting" license and sell my firearms. Now I am an officially unarmed civilian 

It was already pretty boring and expensive hobby with all the increasing legislation, requirements and taxes. I envy our American friends in the gun regulations.

Of course, United States is different.

Yup, Cops stole all my guns, different.

[El duderino_]

^
Being someone that buys BTC for long term, and knowing why he makes the choice of BTC for this long term = already an achievement and respectable on its own

If you prove it, I will pay 1k$ btc equiv. Will you accept the deal?

First of all come with a serious amount instead of 1K

Second, the day I have to prove myself to you is the day I consider myself a true failure
             the only way I would prove you something is if someone has me tide up and threat me of cutting of my                 
             big nuts, and pulling out my stomach through my rectum

Third and most important I consider you to be noise, no more no less

That been Said, have a Nice wednesday

[bitebits]

^ drops the Micg

[El duderino_]

^^
Small advice be or become a coiner and hang out @coiner places

Be a nocoiner and visit more suited threads to talk in

[infofront]

Repost of a classic chart (source unknown):

[Wekkel]

*remembering to hodl longer and stay alive at least until 2023*

[JimboToronto]

Good morning Bitcoinland.

Sideways again... currently $3616USD/$4792CAD (Bitcoinaverage).

Better than down I suppose.
___

Cool here in the jungle today. The locals call it "el norte" no matter which direction it blows in from. Not cold, just not hot.

It's still better than freezing in Toronto.

[Hueristic]

Well, if it's infinite it won't be worth anything. That's Economics 101.

No it's not, that is a common misconception, deflationary emission can create security as well as lower volatility. There is no reason a currency should not restore lost or destroyed coins except to create a system that creates rarity of those coins and that is a SOV type system which has not been proven to be secure as of yet.

Standard economic models do not apply to crypto as they do not take the cost of the security of the currency into account.

[Hueristic]

Indeed, it will be the Zimbabwean dollar of crypto.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

^^^--- what he said, even though it is a different context.

If you really want to understand this then there is a ton of material from alot more intelligent people than me that can explain it to you.

[Hueristic]

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

just wrong

Fatalities from falling bullets are all too frequent. The classic scenario is middle eastern wedding celebrations where falling lead kills a member of the party.  Happens too much.

Very true.

[Toxic2040]

oh, was I being dense?

oops

+1 WOsMerit

Pleasantly sarcastic, never dense jojo.

present time is open to attacks or feared attacks.

ETH fork constantinople is postponed.

https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability

Incompetent children rushing i.e. forcing a fork. #Decentralized smart contracts.

Thanks for sharing, indeed a worthwhile tweet storm. Seen some of the quotes before, but interesting when all put together.

Whenever someone uses Satoshi's Vision as a counter argument you can automatically assume that they've lost. This is science, not a religion. The tweet storm was nicely written.

+2 WOsMerit's

Congrats on ranking up ! 

Thanks...wish I could say I had noticed. Probably need another cup of coffee to start feeling truly heroic. I appreciate your tour of HK's hotspots...ty.

+1 WOsMerit

-snipped-

It's impossible to completely keep up with this thread if you have any life and don't carry a tether (smart phone or whatever:not usdt).

qft

+1 WOsMerit

Satoshi's intent was privacy on the and chain that is paramount and a deal breaker in my mind if it is not included. BTC has not fulfilled that promise as of yet.

Your algo is unraveling..more back testing required. /s

F*** off

+1 WOsMerit

Repost of a classic chart (source unknown):

-img snipped-

wut dis?



I suspect the answer might be in here.

https://ellaurora.com/about-us

Good morning -snipped-
___

Cool here in the jungle today. The locals call it "el norte" no matter which direction it blows in from. Not cold, just not hot.

It's still better than freezing in Toronto.

¡Buenas mañanas! Jimmie. Stay warm, stay thirsty my friend.

[Bitcoinaire]

Repost of a classic chart (source unknown):

Leading up to halving price starts to move. Maybe it's different this time.

[JayJuanGee]

Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that!   I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make to 30K-40K range by then. We shall see.

I don’t think anybody here criticises fellow WO posters for increasing their stash no matter how big or small it is.
Lots have more BTC than you but I guarantee lots have less too.

Keep buying & we will be rewarded. Congrats to you on the sale & soon to increase your HODL pile

Weeeeeee!

There were quite a few people struggling to be included in the at least 1BTC club in late 2017 and early 2018, and recently, that at least 1 BTC club has has become easier to achieve entrance. 

Surely, there are a lot fewer members in the double digits and above club, so each of us has our own goals about how many BTC to accumulate and considerations of whether we can move our goals upwards once we achieve the lower goals.  I have done so many times in my BTC experiences.  I also had to move my goal downwards after a fairly extensive hack (related to phone porting) that occurred for me in early 2017.

[Hueristic]

I don't think anyone cares about Bakkt one way or another at this point.

What ever happened to everyone who was pouring their tiny hopes into bakkt and etf bringing about the early 2019 bullrun? Y hopium gone?

Hopefully we will lose everyone that is hoping for institutions to control anything BTC related. I am of the opinion that KYC (clamps on fiat portals) and CBOE/CME (derivatives on non existent coins) are 2 of the biggest threats BTC faces.