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

[Wilhelm]

5 digits and we are doing well.

6 digits would be better.

7 digits 

[1713557176]

1713557176

[1713557176]

1713557176

[1713557176]

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[1713557176]

1713557176

[Krubster]

Your insinuation that the Craig-Satoshi conundrum has anything to do with SegWit being an alteration to the Bitcoin protocol, however, remains daft. Granted, it was likely a mere rhetorical talking point. But if so, why stoop to that level of inanity?

Yeah, I was being sarcastic. A low quality response. I'll admit to that.

[HairyMaclairy]

[Dabs]

Your observation seems quite correct, Hueristic.  My words remain materially inadequate and insufficient in the eyes of Dabs.  

It's not like that at all my friend, your words are all good. I just know you can do a little bit more. Perhaps you already do and no one knows about it.


As for the DCA, I've also read it somewhere else that one of the better alternative strategies is to buy in lump sump what you can, maybe in the case of bitcoin after testing out a small amount, particularly if it is a new exchange or method you are using.

For both buy in and cash out. Cash out method is entirely dependent on any target acquisitions you have in mind, but the DCA suggestion is geared more towards a similarity to a so called "safe withdrawal rate" where the principal value is largely unaffected.

With bitcoin specifically, increase in value is mostly capital appreciation.


The only reason DCA would make sense is if you've already gotten your initial allocation of corns, and rely on outside sources to continue buying in, and most people don't have large amounts of funds set aside for that. So they get from what they can, which is usually a wage or periodic profits or monthly or quarterly dividends from other investments or sources of income.

The average working person would get it from their paycheck, which is either every month or every two weeks. They set aside some amount on that day and just buy whatever corns it will let them.


The key point which I believe you are trying to make is to remain as unemotional about the process as possible, so DCA affords some of that ability. No thinking. No waiting. No timing. Just buying.


As for selling, that again depends on your particular situation. If you don't need it all today, can wait a little bit; however it is always a good idea to keep a minimum amount of fiat around so one does not get aggravated by sudden or unexpected expenses, almost all of which can only be paid in fiat or legal tender.

[Lauda]

Say what you want, but Segwit was a good thing for bitcoin. If it was not for Segwit, we would be paying higher fees today, and the network would be slower. Just imagine the network of 2015-2016 with the adoption of today, it would clog up.

And this is coming from someone who keeps most of his stash in legacy addresses, so no partisanship here.

Native Segwit is absurdly superior to the system that we had in place before. It's not even a debate.

[becoin]

Say what you want, but Segwit was a good thing for bitcoin. If it was not for Segwit, we would be paying higher fees today, and the network would be slower. Just imagine the network of 2015-2016 with the adoption of today, it would clog up.

And this is coming from someone who keeps most of his stash in legacy addresses, so no partisanship here.

Native Segwit is absurdly superior to the system that we had in place before. It's not even a debate.

Why do you even argue with big blocktards? These clowns don't even understand the basic principal of money based on blockchain. They don't understand that free space on the blockchain means free money! Beecash should cancel tx fees at all if they think txs should be cheap and affordable?

[fillippone]

Hello WO gang!
As we were caught on aWO statistics spree yesterday, I decided to give my contibution:
WHo's the most committed user to WO?

Who has the most percentage of merits gained on WO?

here are the results.
Users with more than 10 Merits gained on WO sorted for WO merits/total merits.

Code:

1.Rosewater Foundation     100.00% 244
2.vroom                    100.00% 177
3.Arriemoller              100.00% 135
4.Spaceman_Spiff_Original  100.00% 123
5.serveria.com              100.00% 86
6.Cryptoqueeen              100.00% 81
7.BlindMayorBitcorn         100.00% 72
8.pacman7331                100.00% 66
9.rolling                   100.00% 51
10.Ludwig Von               100.00% 48
11.ErisDiscordia            100.00% 47
12.thisisntbic              100.00% 45
13.empowering               100.00% 44
14.flynn                    100.00% 40
15.DaRude                   100.00% 40
16.D. Lerk                  100.00% 39
17.buyandhold               100.00% 33
18.P_Shep                   100.00% 32
19.AZwarel                  100.00% 30
20.John Abraham             100.00% 30
21.becoin                   100.00% 29
22.smartcomet               100.00% 28
23.hodl_2015                100.00% 26
24.Colonel Panic            100.00% 26
25.jonoiv                   100.00% 26
26.gappie                   100.00% 24
27.k453345                  100.00% 24
28.SidETH                   100.00% 19
29.Ivor Biggun              100.00% 19
30.cmacwuz                  100.00% 17
31.scum                     100.00% 14
32.savetherainforest        100.00% 14
33.slowlyslowly             100.00% 14
34.orpington                100.00% 11
35.True Myth                100.00% 11
36.xyzzy099                 100.00% 11
37.cofefeGandalf            100.00% 11
38.BlackSpidy               100.00% 11
39.BotanicKilt              100.00% 11
40.Dakustaking76            100.00% 11
41.fragout                  100.00% 11
42.mike4001                 100.00% 10
43.Resumean                 100.00% 10
44.TheCactus                100.00% 10
45.babanana                 100.00% 10
46.bluebits                 100.00% 10
47.BinaryReign              99.06% 105
48.Paashaas                 98.94% 375
49.Ibian                     98.9% 180
50.Lambie Slayer            98.84% 255
51.Icygreen                 98.78% 162
52.jojo69                   98.54% 812
53.ivomm                    98.44% 253
54.conspirosphere.tk         98.44% 63
55.AlcoHoDL                 98.08% 102
56.realr0ach                   98% 196
57.Torque                   97.84% 498
58.Toxic2040                 97.6% 934
59.Phil_S                   97.52% 197
60.Biro Bob                  97.37% 37
61.Syke                      97.22% 35
62.strawbs                   96.43% 54
63.AlexGR                    96.43% 27
64.JimboToronto             96.36% 291
65.FractalUniverse           96.36% 53
66.RayX12                    96.15% 50
67.fluidjax                  96.15% 50
68.Kylapoiss                96.02% 169
69.HairyMaclairy              96% 1225
70.machasm                      96% 24
71.Bitcoinaire               95.96% 95
72.Krubster                  95.45% 21
73.julian071                 95.35% 41
74.Enjel                     95.24% 20
75._javier_                  95.24% 20
76.yefi                     95.03% 153
77.marcus_of_augustus       94.55% 156
78.nikauforest               94.29% 33
79.d_eddie                  94.13% 513
80.BobLawblaw               93.88% 921
81.Wekkel                   93.88% 138
82.Majormax                  93.06% 67
83.windjc                    92.86% 39
84.Gab0                      92.59% 25
85.infofront                92.36% 713
86.somac.                    92.31% 72
87.YourMother                92.31% 36
88.bitserve                 91.68% 474
89.Agapios                   91.67% 11
90.TERA2                    91.51% 194
91.bitebits                   91.3% 63
92.siggy_77                   91.3% 21
93.BTCMILLIONAIRE           91.14% 247
94.Realerre                  90.91% 10
95.xhomerx10               90.68% 1138
96.wachtwoord                90.63% 29
97.encycrypto                90.57% 48
98.hisslyness                   90% 27
99.HI-TEC99                  89.87% 71
100.Last of the V8s        89.79% 1574

[El duderino_]

Damn, how is it possible that there is a WO statistic whiteout me in it   

[fillippone]

Damn, how is it possible that there is a WO statistic whiteout me in it   

You have to improve a little bit, Mic!

Code:

133.micgoossens            76.41% 1833

[El duderino_]

Assets under management:
BlackRock     $6.4T
Vanguard     $5.3T
Schwab        $3.3T
JPMorgan    $2.1T
State Street  $2.7T
Fidelity         $2.5T

Why is this bullish for bitcoin?

The majority of these investors don't have a single satoshi in their portfolios.....yet.

https://twitter.com/Rhythmtrader/status/1170411048714870784?s=20

They will have to add BTC at some point

[xhomerx10]

Damn, how is it possible that there is a WO statistic whiteout me in it   

You have to improve a little bit, Mic!

Code:

133.micgoossens            76.41% 1833

 Yeah Mr. MicG.  Time to pull up yer socks!   

[SuperTA]

Damn, how is it possible that there is a WO statistic whiteout me in it    

I think it's better for you as a merit source not to be on that list.  
There are many users listed there who get a lot of merits but send none of them or just a few merits.

[El duderino_]

[El duderino_]

Damn, how is it possible that there is a WO statistic whiteout me in it   

You have to improve a little bit, Mic!

Code:

133.micgoossens            76.41% 1833

 Yeah Mr. MicG.  Time to pull up yer socks!   

Difficult at the summer time i'm always wearing these short socks 

[becoin]

Assets under management:
BlackRock     $6.4T
Vanguard     $5.3T
Schwab        $3.3T
JPMorgan    $2.1T
State Street  $2.7T
Fidelity         $2.5T

Why is this bullish for bitcoin?

The majority of these investors don't have a single satoshi in their portfolios.....yet.

https://twitter.com/Rhythmtrader/status/1170411048714870784?s=20

They will have to add BTC at some point

They won't. They are already completely detached from reality. The orchestra on the top deck of Titanic will play and drink champagne until entire ship is under water.

[El duderino_]

At what point should professional money managers be held accountable for neglect of fiduciary duty for not having even the smallest exposure to something with this level of performance


https://twitter.com/PrestonPysh/status/1169921815852007424?s=20

A lot of big money is managed by guys over age 55. Given 30 years experience in traditional portf management techniques and focus on traditional mkts, very few can take the "leap" to believe in the investment case for Btc as an asset. 1tril mkt cap for Btc will be wake up call.
https://twitter.com/DTAPCAP/status/1169959272890937346?s=20

[hv_]

With a log plot u d see it bit clearer.

I wonder when the small chunks will get caught by fees

[fillippone]

Damn, how is it possible that there is a WO statistic whiteout me in it   

You have to improve a little bit, Mic!

Code:

133.micgoossens            76.41% 1833

 Yeah Mr. MicG.  Time to pull up yer socks!   

Nastily beaten by Crytoqueen #6!!

[SuperTA]

WO September Statistics (From Sep 1 to Sep 7)

Top 10 Most Generous Merit Givers (WO)

Dabs 96
micgoossens 45
Globb0 40
JayJuanGee 39
SuperTA 27
LFC_Bitcoin 25
Wilhelm 20
mindrust 20
makrospex 18
VB1001 13

Here is the top list from the active WO members (From Sep 1 to Sep 7 (time when i posted my previous list))  

[bkbirge]

Here's a plot showing the 10btc address rise metric, from https://decrypt.co/8921/number-bitcoin-addresses-bitcoins-reaches, which says there are now 157000 wallets with at least 10 btc, and 614500 addresses between 1 and 10,...