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

[bitserve]

https://twitter.com/michaelmalice/status/1201559128793059328?s=20

Well said. This angryeta thing won't end well...

Btw, why can't I find any reference (in english) to the "scandal" over the hyper expensive refined wood and LEATHER designer chair at their home?

Anyway, here it is in spanish: https://www.elmundo.es/f5/comparte/2019/12/03/5de636f521efa070288b4615.html

The irony and hypocrisy is very strong on that one.

P.S.:

[JayJuanGee]

I like the look of that graph, yet I am wondering whether it is behind a paywall or within an application?

In other words, I was trying to find a way to quickly link to such graph on a live basis - presumably through the https://coinmetrics.io/cm-network-data-pro/ website.. or maybe somewhere else?    Anyone?

[realr0ach]

Well said. This angryeta thing won't end well...

Greta the gremlin's parents are actors.  The daughter is a down syndrome actor.  Most Jewish puppets posing as US representatives are also grade Z actors like AOC.  After the whole Jew world order thing implodes and the evil cult of Judaism is expelled from every nation on earth, I wouldn't be surprised if people just start randomly hanging actors too for all the lies and bullshit they've caused.

[Last of the V8s]

That's crazy she could nearly get a whole coin for that chair, and help save the planet by hodling.

[OROBTC]

...

JJG

Makes me wonder what the (approx.) number of lost BTC there are out there...  And I presume BTC will occasionally get lost as (we) boomers die off w/out telling anyone where we have them?  

Smart HODL-ers may want to tell someone they trust how to get any HEDL BTC upon their deaths.  Is there already a thread for this?



realr0ach

"Good fences make good neighbors."  Been true for a long, long time.



V8s & bitserve

"Meme Greta" seems to be dying a quick death.  Too embarrassing for the Warmers?  Good riddance.

[JayJuanGee]

Starting to see another "Fun with Fractals" pattern forming. If it plays out, expect some boring price movements for a couple of weeks as well as a re-test of $6,600.



Perfect accumulation time imo

Did you see the fractal for 2020 though?

9.5k in February then I'll let you check what happens after that (NebraskanGooner posted it on Twitter). But of course if the 9.5k price is achieved it would be perfect time to accumulate at 6.5k!

Hopefully, you are not going to get hurt too badly by having so many specific expectations regarding bitcoin's price dynamics course over the coming years.  Not that you matter anyhow since you are probably not even trading on your own nonsense besides making outlandish bets that you have no intention on paying when you are quite likely shown to be wrong.  I would imagine that the vast majority of normal bitcoin HODLers, accumulators and buyers are not going to be moved one iota (not the coin) by your assertions, but there could be a few that are innocently dumb enough to believe your baloney.

[bitserve]

That's crazy she could nearly get a whole coin for that chair, and help save the planet by hodling.

Two coins... the other chair is also another designer leather chair. Not to mention the trees needed to obtain that perfectly refined wood and the animals killed/tortured to obtain their fur.

All pretty coherent yeah.

#fuckangryeta #gomindyourowngarden

[fillippone]

https://twitter.com/michaelmalice/status/1201559128793059328?s=20

Well said. This angryeta thing won't end well...

Btw, why can't I find any reference (in english) to the "scandal" over the hyper expensive refined wood and LEATHER designer chair at their home?

Anyway, here it is in spanish: https://www.elmundo.es/f5/comparte/2019/12/03/5de636f521efa070288b4615.html

The irony and hypocrisy is very strong on that one.

P.S.:

Straight from GS Elevator

https://www.instagram.com/p/B5nS2hFg1lY/

Struggling to understand why caption are in Italian thou...

https://twitter.com/gselevator/status/1201880916643241991

[jojo69]

Thanks to everyone who participated! If you voted in this event, you received 1 merit; if your caption appeared in the first table above, you also received 10, and if your caption appeared only in the second table above, you also received 2.

so that's where those 11 merits came from...huh

[Globb0]

[jojo69]

dude can you do your account farming somewhere else please?
we're busy here

They have, literally, the rest of the entire forum for that shit.

thanks for the cleanup, I see the thread shortened a bit.

[fillippone]

I like the look of that graph, yet I am wondering whether it is behind a paywall or within an application?

In other words, I was trying to find a way to quickly link to such graph on a live basis - presumably through the https://coinmetrics.io/cm-network-data-pro/ website.. or maybe somewhere else?    Anyone?

There is a very similar graph I used in my monthly commentaries: HodlWaves

The colored bands show the relative fraction of Bitcoin in existence that was last transacted within the time window indicated in the legend. The bottom, warmer colors (reds, oranges) represent Bitcoin transacting very recently while the top, cooler colors (greens, blues) represent Bitcoin that hasn’t transacted in a long time. Bitcoin’s money supply grew from 50 BTC to ~17M BTC over this time period, so the chart has been normalized by the BTC in existence at each date (left y-axis). The black line shows the USD/BTC price (logarithmically, right y-axis). Chart lovingly made by Nelson Morrow based on prior work by @jratcliff [Direct Link]

[CookieFactory]

Uptrend to resume next week with a parabolic move. Or maybe the next week as I have a penchant for jumping the gun.

[realr0ach]

Jews claim that they can "listen in on any conversation regardles of the level of encryption":

https://dailystormer.name/cyprus-police-seize-an-israeli-spy-van/

[JayJuanGee]

I like the look of that graph, yet I am wondering whether it is behind a paywall or within an application?

In other words, I was trying to find a way to quickly link to such graph on a live basis - presumably through the https://coinmetrics.io/cm-network-data-pro/ website.. or maybe somewhere else?    Anyone?

There is a very similar graph I used in my monthly commentaries: HodlWaves

The colored bands show the relative fraction of Bitcoin in existence that was last transacted within the time window indicated in the legend. The bottom, warmer colors (reds, oranges) represent Bitcoin transacting very recently while the top, cooler colors (greens, blues) represent Bitcoin that hasn’t transacted in a long time. Bitcoin’s money supply grew from 50 BTC to ~17M BTC over this time period, so the chart has been normalized by the BTC in existence at each date (left y-axis). The black line shows the USD/BTC price (logarithmically, right y-axis). Chart lovingly made by Nelson Morrow based on prior work by @jratcliff [Direct Link]

Is it just me, or is the second one less intuitive than the one posted by Globb0?  I am having some trouble getting the information from the second one, by you fillippone, to really sink in for me.

[fillippone]

I like the look of that graph, yet I am wondering whether it is behind a paywall or within an application?

In other words, I was trying to find a way to quickly link to such graph on a live basis - presumably through the https://coinmetrics.io/cm-network-data-pro/ website.. or maybe somewhere else?    Anyone?

There is a very similar graph I used in my monthly commentaries: HodlWaves

The colored bands show the relative fraction of Bitcoin in existence that was last transacted within the time window indicated in the legend. The bottom, warmer colors (reds, oranges) represent Bitcoin transacting very recently while the top, cooler colors (greens, blues) represent Bitcoin that hasn’t transacted in a long time. Bitcoin’s money supply grew from 50 BTC to ~17M BTC over this time period, so the chart has been normalized by the BTC in existence at each date (left y-axis). The black line shows the USD/BTC price (logarithmically, right y-axis). Chart lovingly made by Nelson Morrow based on prior work by @jratcliff [Direct Link]

Is it just me, or is the second one less intuitive than the one posted by Globb0?  I am having some trouble getting the information from the second one, by you fillippone, to really sink in for me.

I think the second one is less intuitive and “easy” to immediately get, but when understood, being scaled to %age values,  more informative.

Basically when lines point down, this means that the %age of hodl coins rises, because, basically transacted % goes down too. Viceversa, when lines point up! This means that trading is surging,as the moved coins are a bigger part of the total.

Ultimately it’s down to personal preferences, and I think both graphs are very nice!

[makrospex]

everybody must

no

no look apart from that, you're starting with the assumptions that worldwide adoption is desirable and that bitcoin should be adapted to average people.

Yes, but not directly. As some kind of backend. Bitcoin can't be directly adapted to replace cash or debit cards. Not even Bitcoin, but more like some kind of a bridging solution. Like lightning is already addressing confirmation delays and scaling problems, just trying to bring it a little "further". Fiat and government controlled eCash can't be the only options to bring bitcoin to a wide acceptance.

So there's no "yes, and/if..." variant of your "no, look..." comment?
Think about it.

I am way to tired to continue (today).
Have a good night, y'all 

[realr0ach]

Bitcoin can't be directly adapted to replace cash

And there's no reason anyone would want it to, fucking morons.  "Blockchain" is a government tracking and control system that abolishes the 5th amendment and monitors goyim slaves in real-time like cattle.  The goal is to flag anyone's 'coins' as 'tainted' if your social credit score isn't high enough, then the extremely centralized AML/KYC transaction validator mining warehouses say the government has flagged your coins unspendable.  Why would ANYONE want a 'blockchain' attached to anything you do?  They WOULDN'T.  It's a dystopian, permissioned ledger for idiotic bugmen that just empowers an absurdly tyrannical state.

Money is required to be both fungible and a physical commodity.  Digital shitcoins are neither.  They're nothing but imaginary, valueless timestamps in a government surveillance grid - another fiat 2.0 scam.  The only people who hype this garbage and try to trick people into using it instead of physical metals are fucktard pump and dump scammers like yourself hoping to acquire some type of personal gain by tricking people into using them.  The above self-righteous douchebag even claims he's some type of inherently good person while shilling for the most tyrannical slavery system ever devised in human history.

[realr0ach]

A non-retard viewing this chart would come to the conclusion all it shows is Bitcoin's failure as a payment system because short term coin turnover has been decreasing instead of increasing or even remaining the same.  If you look at the 1 day turnover, Bitcoin was more of a payment system in THE YEAR 2013 than it is now.  This chart spells out in plain English Bitcoin functions solely as a Ponzi scam and not as a payment system.  But imaginary, valueless timestamps aren't possible to be a store of value like idiots claim, so this will be one of the biggest bubbles and collapses in world history.

The purpose of money is to transfer value from the present to the future.  To do so requires being a non-perishable, physical commodity resource.  Bitcoin is not non-perishable.  It can die at any second from numerous black swans or by simply falling out of favor.  It's a classic confidence game scam in other words like every other currency (as opposed to actual money).  This is another reason money is required to be a physical commodity resource, because a commodity resource like wood, copper, or silver can't just magically fall out of favor.  They'll still have all, most, or even more utility than yesterday.

[JayJuanGee]

Digitizing existing fiat funds will be a smart decision to get a more stable financial system in the world that is not specifically tied to the dollar, as is the case in big business. Bitcoin is seen as a custodian of value, why not banks to develop their own coins.

Of course, it seems that in the short to medium term we are going to witness all kinds of playing around when it comes to various entities getting in the money printing business, and of course, BIG banks that are tied to a variety of national currencies have already been in the process of printing money and digitizing money for years and years and years, so I am not sure if there is anything new going on in terms of the bank money printing business.

Bitcoin has surely drawn some attention to the money printing "problem," so I doubt that digitizing is really the hinge about what is going on and what are the dynamics and incentives that bitcoin brings to the whole world financial system that has gone down a road of ongoing money printing problemas.

In the end, whether BIG banks digitize or not, they are likely NOT going to be able to control ongoing evolution of public sentiment that is likely to progress because of systems like bitcoin, so yeah, it could take decades to work out the various battles, yet so long as bitcoin does not screw up, seems like the vast majority of value is going to continue to gravitate into bitcoin, even if there are various kinds of smoke and mirror attempts from various status quo financial institutions that might attempt to suggest that bitcoin brings digitization of money when in reality bitcoin is really bringing responsibility in terms of money.. and in terms of really having a rules system that is enforced by nodes that will likely continue to incentivize responsibility within bitcoin, and central systems do not really have anything that incentivizes them to compete with bitcoin because ultimately centralized systems devolve into money printing - and bitcoin is, so far, the best incentive structure that is enforced by massive computer decentralized proof of work that reframes the whole monetization away from printing more coins.

Don't engage the account farmers please.

Did someone die and put you in charge of my ability to exercise posting discretion?

What a world, what a world!!!

What would really drive worldwide adoption?

Biometric scans and mobile devices, maybe?
This means everybody must have a smartphone or device that is able to process QR codes and do OCR (scan bitcoin addresses), which is additionally offering a retina-scan camera, fingerprint sensor, saliva-analyzer or similar, to make sure that only the owner of the device can access the private key, decrypt the seed, handle transactions (and so on).

As cool and clever BTC might be, as hard and risky it is to use for average joe. He wants to flick an rfid card, maybe enter a short pin code, but that's it. Everything more inconvenient will scare him off, and average jane even more. Simple interfaces using secure backend solutions.

Don't call me names, i'm just brainstorming.
Who wants to join?

Brainstorming has a simple rule: No criticism allowed.
Instead of "You can't do X, because Y..." it's "To achieve X, you need to realize Y first, (which is dependent on A,B,C...)"
It's strictly constructive.

Anybody in?

EDIT: Maybe there's an existing thread, please point me to it if you know. If not and this starts to get somewhere, i'd start a new thread and ask the mod to move over existing comments.

Might be a good topic for a new thread.., especially if you don't want the questions and answers to get lost in the mess...  and of course, sometimes brainstorming does involve criticisms... these here are the interwebs.. not necessarily always the safest of spaces, and does it really matter if people criticize from time to time?... you fucker.