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

[Phil_S]

Yeah, people waiting on the platform might think you're attracted to trains, but so what, that's pretty common... 

[HairyMaclairy]

Welcome back $8k

[Gyrsur]

My name is Giovanni Gyrsur, but everybody calls me Gyrsur.

from where you did get this? my first name is Walter and my second name is Giovanni because my mother is Italian. Damn! OpSec fail!

The helmet you are wearing is very closely looking to the one Thomas Bangalter, from Daft Punk, wears during his appearances.

so I tought about one of their songs:  "Giorgio By Moroder"

"Giorgio By Moroder"

When I was fifteen, sixteen, when I really started to play guitar, I definitely wanted to become a musician.

It was almost impossible because it was— The dream was so big that I didn't see any chance because I was living in a little town, was studying.

And when I finally broke away from school and became musician, I thought, "Well, now, I may have a little bit of a chance." Because all I really wanted to do is music and not only play music but compose music.

At that time, in Germany, in '69, '70, they had already discotheques. So, I would take my car, would go to a discotheque, sing maybe thirty minutes. I think I had about 7-8 songs.

I would partially sleep in the car because I didn't want to drive home and that helped me for about—almost two years to survive, in the beginning,

I wanted to do an album with the sounds of the '50s, the sounds of the '60s, of the '70s, and then have a sound of the future. And I said, "Wait a second. I know the synthesizer. Why don't I use the synthesizer which is the sound of the future?"

And I didn't have any idea what to do but I knew I needed a click. So, we put a click on the 24-track which then was synced to the Moog modular. I knew that it could be a sound of the future but I didn't realize how much the impact would be.

My name is Giovanni Giorgio, but everybody calls me Giorgio.

Once you free your mind about a concept of harmony and of music being correct, you can do whatever you want. So, nobody told me what to do and there was no preconception of what to do.

You are so sophisticated. I like you very much. 

[Gyrsur]

Welcome back $8k

I LOVE IT

[Gyrsur]

1 BTC =
* by reading this post the permission of further design updates will be granted

[600watt]

Welcome back $8k

since when are you a bitcoin monotheist? was exploring bitcoin maximalism, proceeded with bitcoin monoganism and finally arrived at bitcoin monotheism.

bitcoin monotheism is underrated. can´t wait for bitcoin crusades and ultimately bitcoin inquisition. burn the heretics!

   Thou shalt have no other coins before me

[Globb0]

Wow! Polo clipped 16% from every btc lending account because of a margin loss in some altcoin.
https://www.reddit.com/r/Bitcoin/comments/bxkd6o/poloniex_btc_margin_lending_pool_losses/

What's most astonishing is how folk are still willing to lend their coin on these exchanges for next to nothing. What does it mean to make 3% or less interest per year if you're going to face random 16% or more haircuts?

For 3% per year, I'd trust stock brokerages a little bit more than crypto exchanges. Say what you will about fiat and regulations, but those things are insured.

Shit its 4% just having it on Freebitco.in

[El duderino_]

While Warren Buffett was busy virtue signaling over Bitcoin, he was also investing hundreds of millions of dollars in an actual Ponzi scheme 😭

https://twitter.com/apompliano/status/1136811238070132736?s=21

Lol

[Cryptotourist]

Morningzzz!

I hope you are all well.
I've lost track of WO the last few days & suspended all activities - most likely for the rest of the month.

Back HOME:



Very oxymoron what's going on here, but I'm still a young soul.

[BitcoinGirl.Club]

Good morning WO brothers
Continuing my early bird habit although today 3 hours late from my expectation.

Anyway observing @ $8,001

[BitcoinGirl.Club]

While Warren Buffett was busy virtue signaling over Bitcoin, he was also investing hundreds of millions of dollars in an actual Ponzi scheme 😭

https://twitter.com/apompliano/status/1136811238070132736?s=21

Lol

He bashes bitcoin because he fears it

https://twitter.com/CryptoManiaks/status/1136811577766797313

[Cryptotourist]

Welcome back $8k

I LOVE IT

I'll try to make a unique one for you guys one of these days.

Meanwhile, music please!!!

https://soundcloud.com/nifunifarecords/holed-coin-words-and-smilesoriginal-mixcoming-out-soon

[toknormal]

General rule:

The higher bitcoin goes in value, the more of its market share is captured by altcoins.

[BitcoinGirl.Club]

Ah! After a long break. My morning smells good 🤪

[nutildah]

General rule:

The higher bitcoin goes in value, the more of its market share is captured by altcoins.

Yeah, that's because bitcoin is the rising tide that lifts all shitty ships. While your statement generally holds true, I think you meant to post it in another section and in another thread... unless you are fond of verbal abuse, that is.

[toknormal]

Yeah, that's because bitcoin is the rising tide that lifts all shitty ships. While your statement generally holds true, I think you meant to post it in another section and in another thread... unless you are fond of verbal abuse, that is.

No, I meant to post it in this thread, despite the customary "verbal abuse" as you say, because it demonstrates the principle that the "shitty ships" and bitcoin relationship is symbiotic as I've been pointing out for a few years now. The "shitty ships" buttress bitcoin's rise like the legs of the Eiffel tower so it can go higher. It would never have reached this level without the emergence of the altcoin market.

At a mature valuation, BTC dominance should be between 10% and 20%.

[nutildah]

Yeah, that's because bitcoin is the rising tide that lifts all shitty ships. While your statement generally holds true, I think you meant to post it in another section and in another thread... unless you are fond of verbal abuse, that is.

No, I meant to post it in this thread, despite the customary "verbal abuse" as you say, because it demonstrates the principle that the "shitty ships" and bitcoin relationship is symbiotic as I've been pointing out for a few years now. The "shitty ships" buttress bitcoin's rise like the legs of the Eiffel tower so it can go higher. It would never have reached this level without the emergence of the altcoin market.

At a mature valuation, BTC dominance should be between 10% and 20%.

Bitcoin is the least risky investment in a high risk investment category. Its health does not depend on altcoins, but rather the health of altcoins depend on it. When bitcoin rises, it is considered to be an indicator that investor appetite for risk is on the increase, and that trickles into altcoins, which are the highest risk investments. When bitcoin falls, the converse is true, and altcoins sink accordingly.

If BTC dominance falls to 10-20%, it will mean that cryptocurrency as a whole is flourishing and has found niches among the general public. However, if BTC continues to rise and its dominance rate remains roughly the same, it will mean the general public is rejecting altcoins in favor of bitcoin, which was the case through the first couple months of the year. Either way, the price of BTC is not dependent on altcoins. It definitely has a unilateral, causative effect on altcoins.

[fillippone]

[SNIP]


You are so sophisticated. I like you very much. 

I like Dakt Punk very much (one of the very few French products I like), and Giorgio Moroder is half Italian half German just like you (He comes from a small town in the Alps where I used to go skiing).

I reciprocate your sentiments, not homo.

If I had a choice, I would like to have my sentiments reciprocated by her:

[serveria.com]

So we're back to ~$8k... where are all the dipshits with their $6k predictions? stillwaiting.png  

[toknormal]

Bitcoin is the least risky investment in a high risk investment category. Its health does not depend on altcoins, but rather the health of altcoins depend on it.

This is not true and is a widely held myth amongst so called "maximalists" who tend to view the market through the arbitrary lens of a single asset - commonly known as the "monopolist" view.

Diversity in the asset class has pulled in demand out of proportion to the growth in supply or the effect of internal competition. That's not uncommon in economies.

I once lived in a street which had 1 coffee shop. The price of a cup of coffee was about the average for a residential area. Later another one appeared, then a restaurant. Over the years (about 2 decades) the number of coffee shops/bars increased to around 20-30. The price of a cup of coffee is now about 50% above that in other areas. A glass of wine is about 2-3 times the price.

The influence of "competition" worked in reverse because the aggregate impact it had on "selling the street" as an attractive area to visit far outweighed the adverse effect of internal competition amongst commercial outlets trading at that site.

That's what's happening with the crypto-asset market and is also why bitcoin depends on altcoins as much as they depend on it. Without technologically superior hedges, supporting trading pairs, diversified access to the crypto-asset markets, financial specialisation and derivative platforms, bitcoin itself would never have seen the growth it has.