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

[hisslyness]

I haven’t written a check since 2002.  And the last time I saw someone actually use a check was almost 10 years ago. It’s astonishing that they still exist in some parts of the world. 

Older people mor so than younger still use them and they have one aspect they like and thats when they get their statements there are copies of the checks or the voided checks returned for their files. Not everyone wants top go paperless and like to have physical proof they paid for something.

I still use cheques for my business. We pay for our suppliers for stock with cheques, the best part of it is, the supplier doesn't bank them straight away, giving us a few days of credit. I also have client who also pay their suppliers with cheques and post them out, so by the time the supplier banks it, they have an extra 2-3 weeks.

But for personal banking, it is all electronic...

[1715250057]

1715250057

[1715250057]

1715250057

[JayJuanGee]

please refrain from bringing us google's top story

ok sorry sir. next time not showing that.

When the fuck did this turn into a frat and we got RUSHES CALLING US SIR NOW!?!?!?! Fuck boys, I drink a bit and fucking go MIA and this shit happens, I'm missing out.

You are a senior member at this forum use calling 'Sir' otherwise you are old Member sorry.

Sir is not necessary... just try to provide good information and good questions while learning about the space, and hopefully we can all learn from each other... even if it might take newbies a bit of time to NOT get distracted by shit coins or other misinformation distractions.  If you hang out, after a while, we might be calling you sir.. perhaps?  But only after we get to know you a bit better, you are good for your word, and things like that..

[Negotiation]

please refrain from bringing us google's top story

ok sorry sir. next time not showing that.

When the fuck did this turn into a frat and we got RUSHES CALLING US SIR NOW!?!?!?! Fuck boys, I drink a bit and fucking go MIA and this shit happens, I'm missing out.

You are a senior member at this forum use calling 'Sir' otherwise you are old Member sorry.

Sir is not necessary... just try to provide good information and good questions while learning about the space, and hopefully we can all learn from each other... even if it might take newbies a bit of time to NOT get distracted by shit coins or other misinformation distractions.  If you hang out, after a while, we might be calling you sir.. perhaps?  But only after we get to know you a bit better, you are good for your word, and things like that..

You replying always good information & help to correction mistake you are really Legendary person.
 JayJuanGee 💝

[nutildah]

2. Ultimately we are all just tourists, using our meat carcasses as spiritual vessels to get a glimpse of this and that for a while before returning home to the void.

Speak for yourself. I plan to live forever, swapping out parts as needed, to be replaced by the parts of youthful nocoiners.

Gentlemen, we have the technology, we can rebuild him.

[JayJuanGee]

please refrain from bringing us google's top story

ok sorry sir. next time not showing that.

When the fuck did this turn into a frat and we got RUSHES CALLING US SIR NOW!?!?!?! Fuck boys, I drink a bit and fucking go MIA and this shit happens, I'm missing out.

You are a senior member at this forum use calling 'Sir' otherwise you are old Member sorry.

Sir is not necessary... just try to provide good information and good questions while learning about the space, and hopefully we can all learn from each other... even if it might take newbies a bit of time to NOT get distracted by shit coins or other misinformation distractions.  If you hang out, after a while, we might be calling you sir.. perhaps?  But only after we get to know you a bit better, you are good for your word, and things like that..

You replying always good information & help to correction mistake you are really Legendary person.
 JayJuanGee 💝

Try not to become too luvy dovey because I have various tendencies to be a BIG MEANIE too and I cannot stop myself from telling emotional peeps on the interwebs to fuck off, too..... .... so my interaction on the interwebs with various avatars, especially with dee emotional and non-substantive ones, can cut in difficult ways.    

[VB1001]

https://twitter.com/MacnBTC/status/1149837199556403201

July 14000 / BTCullish.

[fillippone]

It's time (again) for a Wall Observer Meta Post!

Merit analysis based on LoyceV merit file: http://loyce.club/Merit/merit.all.txt

Merit updated to July 12 2:51 AM UTC

Total merits sent on WO:     26897
Weekly Merits sent on WO: 498

TOP 100 MERIT RECEIVERS:

Code:

1.micgoossens             1694
2.Last of the V8s         1569
3.HairyMaclairy           1144
4.xhomerx10               1121
5.BobLawblaw               901
6.Toxic2040                899
7.jojo69                   781
8.infofront                702
9.JayJuanGee               650
10.LFC_Bitcoin             583
11.d_eddie                 503
12.Torque                  490
13.bitserve                472
14.VB1001                  393
15.gentlemand              362
16.Paashaas                361
17.kenzawak                339
18.Elwar                   329
19.Globb0                  302
20.mindrust                288
21.cAPSLOCK                287
22.mfort312                278
23.JimboToronto            266
24.BTCMILLIONAIRE          247
25.goldkingcoiner          247
26.Raja_MBZ                246
27.Rosewater Foundation    244
28.jbreher                 226
29.ivomm                   223
30.kurious                 223
31.Biodom                  216
32.Lambie Slayer           215
33.TERA2                   194
34.realr0ach               192
35.bones261                183
36.Ibian                   180
37.Phil_S                  177
38.Kylapoiss               169
39.600watt                 163
40.vroom                   159
41.Icygreen                158
42.marcus_of_augustus      156
43.kingcolex               154
44.yefi                    153
45.fillippone              151
46.nutildah                147
47.Hueristic               140
48.JSRAW                   138
49.Wekkel                  136
50.Arriemoller             131
51.StartupAnalyst          130
52.toknormal               129
53.Pamoldar                121
54.Anon136                 121
55.Spaceman_Spiff_Original 118
56.Cryptotourist           107
57.kirreev070              107
58.BinaryReign             105
59.vapourminer             103
60.Dabs                    103
61.bitcoinPsycho           102
62.explorer                 97
63.Bitcoinaire              95
64.AlcoHoDL                 86
65.Searing                  83
66.Cryptoqueeen             81
67.serveria.com             80
68.lightfoot                77
69.STT                      72
70.BlindMayorBitcorn        72
71.HI-TEC99                 71
72.sirazimuth               69
73.Gyrsur                   69
74.cryptjh                  68
75.somac.                   67
76.pacman7331               66
77.Totscha                  65
78.cannycassiopeia          64
79.conspirosphere.tk        63
80.DeathAngel               61
81.Majormax                 60
82.bitebits                 58
83.crypmike                 58
84.nanobtc                  57
85.Karartma1                56
86.suchmoon                 55
87.strawbs                  54
88.Samarkand                54
89.theymos                  53
90.FractalUniverse          53
91.rolling                  51
92.RayX12                   50
93.fluidjax                 50
94.RoomBot                  48
95.encycrypto               48
96.Speculatoross            47
97.BitcoinNewsMagazine      47
98.ErisDiscordia            47
99.PoolMinor                46
100.gembitz                 46

TOP 100 MERIT SENDERS:

Code:

1.JayJuanGee           2214
2.BobLawblaw           1889
3.micgoossens          1194
4.LFC_Bitcoin          1026
5.bones261             1025
6.infofront             966
7.Last of the V8s       786
8.Globb0                710
9.jbreher               683
10.xhomerx10            681
11.vapourminer          586
12.mindrust             575
13.HairyMaclairy        557
14.cAPSLOCK             546
15.marcus_of_augustus   502
16.600watt              494
17.Toxic2040            411
18.jojo69               377
19.Torque               339
20.Paashaas             318
21.QuestionAuthority    311
22.d_eddie              267
23.Hueristic            266
24.yefi                 256
25.bitserve             245
26.Dabs                 224
27.kurious              221
28.BlindMayorBitcorn    209
29.Ibian                205
30.Wekkel               204
31.gentlemand           203
32.ErisDiscordia        200
33.VB1001               189
34.kenzawak             189
35.bitebits             186
36.RoomBot              180
37.Karartma1            179
38.suchmoon             178
39.explorer             155
40.Raja_MBZ             147
41.JimboToronto         145
42.Gyrsur               144
43.Dunkelheit667        141
44.mfort312             138
45.BTCMILLIONAIRE       118
46.Rosewater Foundation 116
47.Pamoldar             116
48.edgar                115
49.nutildah             111
50.kingcolex            111
51.Searing              111
52.goldkingcoiner       110
53.ssmc2                105
54.Lambie Slayer        105
55.ivomm                104
56.Arriemoller          104
57.Majormax             102
58.PoolMinor            101
59.xyzzy099              99
60.Biodom                91
61.fillippone            90
62.tonyq                 87
63.P_Shep                86
64.julian071             86
65.lightfoot             84
66.conspirosphere.tk     82
67.Kylapoiss             81
68.sirazimuth            79
69.Icygreen              78
70.RayX12                73
71.Phil_S                73
72.Elwar                 72
73.criptix               72
74.vroom                 69
75.DeathAngel            65
76.JSRAW                 61
77.StartupAnalyst        60
78.Cryptotourist         56
79.Anon136               56
80.empowering            55
81.bitcoinPsycho         54
82.rolling               52
83.Jayjay04              50
84.sammy007              50
85.soullyG               49
86.FractalUniverse       48
87.STT                   47
88.mymenace              46
89.MrFreeRoMan           45
90.Bitcoinaire           44
91.AlexGR                43
92.Totscha               42
93.afbitcoins            40
94.AlcoHoDL              40
95.serveria.com          40
96.nanobtc               38
97.fabiorem              37
98.flynn                 37
99.MirkoIta              36
100.crypmike             36

                        
                            
TOP 100 WEEKLY RECEIVERS:

Code:

        
1.Dabs                    53
2.BobLawblaw              46
3.Elwar                   35
4.jojo69                  25
5.micgoossens             23
6.JayJuanGee              19
7.HairyMaclairy           16
8.fillippone              14
9.LFC_Bitcoin             13
10.d_eddie                13
11.Rosewater Foundation   13
12.VB1001                 12
13.xhomerx10              11
14.Ludwig Von             11
15.mindrust               10
16.gentlemand              9
17.Lambie Slayer           9
18.JSRAW                   8
19.Biro Bob                8
20.infofront               7
21.wwzsocki                7
22.kenzawak                6
23.ivomm                   6
24.yefi                    6
25.Arriemoller             6
26.Toxic2040               5
27.jbreher                 5
28.nutildah                5
29.Raja_MBZ                4
30.kurious                 4
31.sirazimuth              4
32.PoolMinor               4
33.vanobe                  4
34.makrospex               4
35.Last of the V8s         3
36.Phil_S                  3
37.marcus_of_augustus      3
38.vapourminer             3
39.adaseb                  3
40.bitserve                2
41.Paashaas                2
42.Globb0                  2
43.JimboToronto            2
44.600watt                 2
45.Cryptotourist           2
46.bitcoinPsycho           2
47.explorer                2
48.serveria.com            2
49.fluidjax                2
50.Syke                    2
51.proudhon                2
52.OWZ1337                 2
53.bkbirge                 2
54.cAPSLOCK                1
55.Biodom                  1
56.bones261                1
57.vroom                   1
58.kingcolex               1
59.Hueristic               1
60.Pamoldar                1
61.Bitcoinaire             1
62.lightfoot               1
63.STT                     1
64.Totscha                 1
65.DeathAngel              1
66.thisisntbic             1
67.P_Shep                  1
68.ChinkyEyes              1
69.AlexGR                  1
70.hisslyness              1
71.Nosk                    1
72.itod                    1
73.Deeyoh                  1
74.WinslowIII              1
75._javi_                  1
76.rebal15                 1
77.FrodoBagHolder          1
78.adamstgBit              1
79.shit poster             1
80.theymos_away            1
81.TheOtherCryptoball      1
82.babo                    1
83.boumalo                 1
                           

TOP 100 WEEKLY SENDERS    

Code:

                                  
1.BobLawblaw           67
2.Dabs                 51
3.JayJuanGee           43
4.Last of the V8s      24
5.bones261             19
6.kurious              18
7.yefi                 15
8.jbreher              14
9.micgoossens          12
10.600watt             12
11.suchmoon            12
12.lightfoot           12
13.HairyMaclairy       11
14.LFC_Bitcoin         10
15.jojo69               9
16.d_eddie              9
17.flynn                8
18.infofront            7
19.Rosewater Foundation 7
20.kingcolex            7
21.wwzsocki             7
22.Globb0               6
23.nutildah             6
24.Biro Bob             6
25.xhomerx10            5
26.vapourminer          5
27.JimboToronto         5
28.ivomm                5
29.fillippone           5
30.AlcoHoDL             5
31.Hueristic            4
32.kenzawak             4
33.Biodom               4
34.sirazimuth           4
35.explorer             3
36.Dunkelheit667        3
37.Arriemoller          3
38.JSRAW                3
39.Totscha              3
40.serveria.com         3
41.mindrust             2
42.Toxic2040            2
43.ErisDiscordia        2
44.Lambie Slayer        2
45.Majormax             2
46.PoolMinor            2
47.P_Shep               2
48.Phil_S               2
49.StartupAnalyst       2
50.jonoiv               2
51.bkbirge              2
52._javi_               2
53.gentlemand           1
54.ssmc2                1
55.Icygreen             1
56.Elwar                1
57.vroom                1
58.Cryptotourist        1
59.bitcoinPsycho        1
60.Bitcoinaire          1
61.Heater               1
62.smartcomet           1
63.gappie               1
64.True Myth            1
65.NeuroticFish         1
66.megadeth             1
67.actmyname            1
68.OgNasty              1
69.aesma                1
70.giammangiato         1

                       
 

Still fixing glitches here and there, I am using this to getting better at data management.
I can provide those stats for fun, If you think they are, otherwise...I can stop here

[VB1001]

https://twitter.com/ChartsBtc

in the graphic lacks the best statement in the history of Bitcoin:

Trump> "I am not a fan of Bitcoin ..."

[HairyMaclairy]

I want to ride Kathleen’s bike

[rebal15]

What do you think about my TA. Should I open an account on Tradingview.com or not?

The title is "BTC is plying H&S and inverse H&S"

[jojo69]

three   whole   marijuanas  ??

[HairyMaclairy]

Had a conversation about this with some medical types.  They aren’t afraid of dying but they are afraid of pain and suffering. They would choose the bullet 9 times out of 10.  No “futile care” was the wording they used. 

[jbreher]

Any of y'all ever get the uncanny feeling like the world -- the entirety of it -- has been created and scripted for the sole purpose to gauge how you yourself will react to it?

[kurious]

Any of y'all ever get the uncanny feeling like the world -- the entirety of it -- has been created and scripted for the sole purpose to gauge how you yourself will react to it?

When I was a kid, very young - yep.  I had a phase where I was convinced people (and things) only existed when I could see them. That is, that when someone left the the room, they disappeared.  It was all show, put on for me.

[kurious]

Not sure if it was paranoia, or arrogance, I was probably 6 years old - and daring god to prove he existed in my head.  I decided since he didn't strike me down, he didn't.

[HairyMaclairy]

Any of y'all ever get the uncanny feeling like the world -- the entirety of it -- has been created and scripted for the sole purpose to gauge how you yourself will react to it?

Yes.

But isn’t that what the whole alt-right NPC thing is about ?

[nutildah]

Not sure if it was paranoia, or arrogance, I was probably 6 years old - and daring god to prove he existed in my head.  I decided since he didn't strike me down, he didn't.

When I was in elementary school I went through a phase where I believed that the entire world was spying on me. I'm pretty sure that at some point everybody (well most liberated westerners with time to kill) contemplates whether or not the world revolves around them, and wonder if they may be the only real thing in the universe. Some have even developed philosophies around the concept, others movies.



After having your ass handed to you a few times though, it becomes apparent that we are all just typical spazzes, and that no one is actually that different from anybody else. We all exist, were born into this world crying and against our will, share 99.99% of the same DNA, and not one of us knows what the fuck we are actually doing here.

[fillippone]

EDIT: Started a thread dedicated to this topic:
https://bitcointalk.org/index.php?topic=5165037.msg51816698#msg51816698
so we don't get drowned in the tens of WO pages!




Market dominance is a shitty indicator, we all know why, and after Bitwise report we cannot ignore anymore his limitation, but, can still point in the right directions to intresting thoughts about market.

Market dominance just broke the peak during Dec '17 (price) ATH, and at 65,2% it is now at the highest levels since April 2017.



Another way of looking at the same phenomenon is the following: relative price movements of shitcoins versus BTC over the last 3M



1BTC=1BTC
Elsewhere: red, red everywhere.
Some obscure random shitcoin in the green, but just a statistical error, I guess.
This is truly remarkable.

In the past we saw BTC having a beta<1 (if you think at a CAPM middle), during bulls run alt rose more than bitcoin (volatility weighted) while in bear market alts downperformed BTC (alt lose more in bear market than BTC).
This time is different and in this market BTC is growing more than alts.

I propose three reasons why market dominance is going north, I ask you your toughs.

I list there in the order of market relevance, in my opinion:
 

• Technology has progressed, people studied and has understood better how cryptos work, so they came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.
• We are on the verge of an epochal bull run caused by institutional money on the brink on entering cryptocurrencies. Of course the main gateways for this to happen is Bitcoin. I can't see them diversifying their investment into other bitcoins in the near future both because lack of regulations, lack of liquidity and above all security and scrutiny on this coins.
• The more Bitcoin performs versus shitcoins, the more the random investors will be keen on buying bitcoins and abstain to shift to shitcoins, because Bitcoin IS the asset performing. SO kind of self-fulfilling mechanism/shelling point where you don't want to convert your bitcoin into other assets

What are your toughs?

[kurious]

Not sure if it was paranoia, or arrogance, I was probably 6 years old - and daring god to prove he existed in my head.  I decided since he didn't strike me down, he didn't.

When I was in elementary school I went through a phase where I believed that the entire world was spying on me. I'm pretty sure that at some point everybody (well most liberated westerners with time to kill) contemplates whether or not the world revolves around them, and that they may be the only real thing in the universe. Some have even developed philosophies around the concept, other movies.



After having your ass handed to you a few times though, it becomes apparent that we are all just typical spazzes, and that no one is actually that different from anybody else. We all exist, were born into this world crying and against our will, share 99.99% of the same DNA, and not one of us knows what the fuck we are actually doing here.

Totally agree - and the eventual knowledge that we are all individually trivial teaches us a little humility, which is a good thing.

[kurious]

Market dominance is a shitty indicator, we all know why, and after Bitwise report we cannot ignore anymore his limitation, but, can still point in the right directions to intresting thoughts about market.

Market dominance just broke the peak during Dec '17 (price) ATH, it is now at the highest levels since April 2017.



another way of looking at this is the following relative price movements of shitcoins versus BTC over the last 3M



This is truly remarkable.

A few days ago i proposed 3 three reasons why market dominance is going north, I ask you again your toughs.

I list there in the order of market relevance, in my opinion:
 

• Technology has progressed, people studied and has progressed in the understanding of the cryptos and came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.
• We are on the verge of an epochal bull run caused by institutional money on the brink on entering cryptocurrencies. Of course the main gateways for this to happen is Bitcoin. I can't see them diversifying their investment into other bitcoins in the near future both because lack of regulations, lack of liquidity and above all security and scrutiny on this coins.
• The more Bitcoin performs versus shitcoins, the more the random investors will be keen on buying bitcoins and abstain to shift to shitcoins, because Bitcoin IS the asset performing. SO kind of self-fulfilling mechanism/shelling point where you don't want to convert your bitcoin into other assets

What are your toughs?

My toughs? 

1. I think more non-retail money (increasing constituent, now) seeks the safer bet, along with the liquidity of the largest player / market in crypto.
2. The feedback loop.  As long as alts whither and dominance increases, it only reinforces the trend.  For now, at least.