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

[HairyMaclairy]

Unused addresses don't have the public keys available. Used or reused addresses have published public keys. Those are the ones more likely to be cracked by quantum computing first.

I don’t think that’s how math works.  Happy to be persuaded otherwise.

[wachtwoord]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

Yes Boris Johnson is both ugly and short

Isn't Boris the guy that made UK politicians fuck off for 5 weeks? My kind of guy

[HairyMaclairy]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

Yes Boris Johnson is both ugly and short

Isn't Boris the guy that made UK politicians fuck off for 5 weeks? My kind of guy

His actions were ruled unconstitutional 3 hours ago. 

[gentlemand]

Yes Boris Johnson is both ugly and short

Boris's father keeps trying to fuck my aunt. The poor woman also sat next to Boris at dinner once upon a time. The only question he grunted at her was 'where did you go to school?' and when it wasn't fancy enough he ignored her for the rest of the night.

[HairyMaclairy]

Yes Boris Johnson is both ugly and short

Boris's father keeps trying to fuck my aunt. The poor woman also sat next to Boris at dinner once upon a time. The only question he grunted at her was 'where did you go to school?' and when it wasn't fancy enough he ignored her for the rest of the night.

I applied for a job once in the UK, as an adult.

They asked me for my high school transcript.  I told them to GFTO. 

[gentlemand]

I applied for a job once in the UK, as an adult.

They asked me for my high school transcript.  I told them to GFTO.  

I had to look up what such a thing is. Never heard of that before. It must have been a fancy establishment. Mine would read '1 hour of revision on the bus before exams. Most of class time spent playing Mortal Kombat down the seafront arcades.'

My experience of the expensively educated is that most are loud as fuck and rude as fuck. If they're a generation older they're also fucked up as fuck. Their parents paid significant sums to have their children removed from the home at an extremely young age and tortured by multiple strangers. Weird business proposition if you ask me.

[LUCKMCFLY]

The only solution for countries in crisis is in Bitcoin ..
 


Gold does contribute, but it is difficult to transfer from one place to another, many taxes, but the funds that are managed through Bitcoin are much larger and in seconds. It would be the ideal solution for these types of problems.

[lightfoot]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

Why? One of the central tenets of Libertarianism is to own your shit. If someone is polluting my air, water, or screwing with my weather they either need to stop or compensate me for the loss.

When the old coal plants were working I had to wash my car every other week because of the dust. Now that they are gone I do not. Who do I send the car washing bills to?

The people who tend to get upset at people like this are usually ones who expect to get something for nothing and don't like being called out. The classic definition of a rotter.

[El duderino_]

Yes Boris Johnson is both ugly and short

Boris's father keeps trying to fuck my aunt. The poor woman also sat next to Boris at dinner once upon a time. The only question he grunted at her was 'where did you go to school?' and when it wasn't fancy enough he ignored her for the rest of the night.

I applied for a job once in the UK, as an adult.

They asked me for my high school transcript.  I told them to GFTO. 

LoL I did met you.... you still are not an adult so skip the lie

Sorry to ruin your Opsec age ....

[Raja_MBZ]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

[gallianooo]

down below 9600$ in the next minute...

[BtcMan2009]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

I generally expect that ~$9400 will bounce up until the trade in the daily channel and it becomes narrow.

[plasticAiredale]

down below 9600$ in the next minute...

It didn't go below. Totally unacceptable.

[JayJuanGee]

well, i got to admit that i expected some more buys during the launch of bakkt. this is pathetic.

Of course this is too early to try to figure out anything from this values, but of course one can try to compare to what happened on similar occasions:

Bakkt Bitcoin futures launch volumes 75 times smaller than CME’s first day

By the close of Monday, a total of 72 BTC had been traded on Bakkt—75 times less volume seen than December 2017 launch of CME’s cash-settled futures offering, which saw the equivalent of 5,298 BTC traded on its first day, as noted by Alex Kruger.

Maybe institutional investors are having troubles getting over their trust in fiat hangup?

If the main  difference is that CME is cash settled and BAKKT is BTC settled, then institutional investors might appreciate CME more because they can engage in a kind of naked shorting, while BAKKT requires the usage of the actual asset that is more in-line with the actual vision of bitcoin.  In other words, CME might better enable institutional investors to screw with bitcoin - versus a more honest mechanism that would be represented by the BAKKT tool(s)? 

Am i on a wild goose chase in my thinking, here?

[Searing]

well, i got to admit that i expected some more buys during the launch of bakkt. this is pathetic.

Of course this is too early to try to figure out anything from this values, but of course one can try to compare to what happened on similar occasions:

Bakkt Bitcoin futures launch volumes 75 times smaller than CME’s first day

By the close of Monday, a total of 72 BTC had been traded on Bakkt—75 times less volume seen than December 2017 launch of CME’s cash-settled futures offering, which saw the equivalent of 5,298 BTC traded on its first day, as noted by Alex Kruger.

Maybe institutional investors are having troubles getting over their trust in fiat hangup?

If the main  difference is that CME is cash settled and BAKKT is BTC settled, then institutional investors might appreciate CME more because they can engage in a kind of naked shorting, while BAKKT requires the usage of the actual asset that is more in-line with the actual vision of bitcoin.  In other words, CME might better enable institutional investors to screw with bitcoin - versus a more honest mechanism that would be represented by the BAKKT tool(s)? 

Am i on a wild goose chase in my thinking, here?

I think you nailed it pretty well.

Though I think of a 'wild goose chase' anytime I think I know something about Bitcoin. It is a better option than thinking I know anything about Bitcoin. Besides constantly thinking

about wild geese in a race is more calming..then trying to figure out what that wretched wench Bitcoin is up to behind my back...grrrrr....

[Raja_MBZ]

https://twitter.com/YORK780/status/1176145339356798976

[600watt]

Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40%

Bitcoin’s (BTC) network hash rate dipped a record 40% yesterday, Sept. 23, in a sudden shock for the network.

https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40

Someone does not pay the electricity bill.

40%? Maybe at blockchain.com
Else it's merely ~13% (95.55E>82.98E) - or somewhere in between.

[img height=100]https://i.imgur.com/vTMpWFJ.pn/img]

~ yawn

It is simply slowly growing back.
But according to coin dance it fell to 57 EH/s yesterday
https://coin.dance/blocks/hashrate/linear

i wonder if there is any other network, supercomputer, whatever, that can lose 57 EH/s in one day without crashing/downtime/doom  

[JayJuanGee]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

Here goes my last merit.   It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it.

I would be nervous with such an approach, but let's see if maybe you can clarify what you mean by "all in"?

You do have some other investments, like stock or real estate or bonds, no?  So, in that regard, if you have some of those other investments, then you would only by "all in" with new investing?

I must admit that I have been focusing primarily on bitcoin investing, once I got into it in late 2013, and there was one time in about September 2014 (BTC around $380) that I was considering removing significant quantity of funds from my 401k (I had identified a possible way to accomplish such as a kind of rollover without tax penalties) which would have caused a near doubling of my BTC investment and thereby also bring down my average cost per BTC considerably, too, but I got chicken shit regarding over-investing in bitcoin and I had come to the conclusion that I had more than enough bitcoin in my holdings, and I really did not need to take on more risk (into bitcoin) by diversifying out of some of my traditional investments that, even though they had been performing mediocre, they were still largely holding their value (even accounting for inflation, etc). 

Of course, in retrospect, I see that I could have made a killing with such a move to diversify out of some of my 401k into BTC, but at the same time, I am still content that I did NOT do it - because in my thinking, my BTC appreciation (even accounting for risk etc) has already been amazing enough, and such considerable BTC appreciation (without  my really cashing out of BTC and rediversifying back into fiat based investing) has caused my total percentage value into BTC to become quite lopsided in favor of BTC, which I still conclude is good enough to ride out without needs to either rediversify back into traditional investments nor to engage in any kind of behavior that dilutes the stability of my traditional investments (that could largely sustain me completely, if I were to need to live off of them... but now they just merely continue to ride and to appreciate in value based on the traditional stock market and various traditional means of diversifying within those investments). 

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)

Are you thinking that BTC prices reaching $120k in about 5 years or less would be sufficient in order for you to go into a kind of "fuck you" status?  or at least to be able to live off of your BTC indefinitely without having a need or dependence on a traditional JOB?

Surely, a lot of us believe that there are decent chances that your hopium price could be reached within that timeframe, so it is not unrealistic... However, since "decent chances" is not the same as "a given", there are always needs to prepare for a lot worse scenarios, which makes it seem more than reasonable to label your tentative ideas (plan) as a kind of "hopium."

[LUCKMCFLY]

Apparently 2020 promises ...

[Cryptotourist]

Am i on a wild goose chase in my thinking, here?

Of course not.