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

[nutildah]

You might not know anyone recognised it until the four armed thugs bundle you in to their panel van.
Cheerful thought. I don't wish it on you; of course the reverse.

You wish he bundles four armed thugs into a panel van?

Then what? Road trip?

[Globb0]

[Last of the V8s]

You might not know anyone recognised it until the four armed thugs bundle you in to their panel van.
Cheerful thought. I don't wish it on you; of course the reverse.

You wish he bundles four armed thugs into a panel van?

Then what? Road trip?

[Dunkelheit667]

The monthly update:

<snip>

...
Have a nice November, Gentlemen!

Where is Dunkelheit667?

Herr D sechs sechs sieben bitte melden!

Jawohl, am Apparat!

<snip>

I don't mean to digress into too much sentimentalism here, but it seems like we, in this thread, are becoming a lot more dependent upon your updates on a more regular basis, Dunkelheit667.   I can recall earlier days in which you surely were not on schedule or even regular in terms of posting these kinds of monthly BTC price updates, but now, we are having difficulties going on in life without your updates to confirm where we "are really at."

It's like if Xhomerx10 stopped making hats, we would be fucked.... or at least, our fashion would suffer in terms of getting source based updates - not that I want to change my own fashion.. I tend to be a kind of stuck to habit kind of guy when it comes to avatars, which has transmorphed into hats, and surely, over a year ago, I was reluctant to change my first avatar to a hat, and more recently, Xhomerx10 converted me into a version 2.0... kind of against my will, but it is what it has become.. .so sometimes a guy (or even a gal, if there are any in here?) gotta just go with the flow, rather than fighting the flow, just like with honeybadger and her price movements... it's going to do what it is going to do, and buyers, hodlers and accumulators just gotta go with where-ever she takes us, which seems to be UP in the longer term zooming out perspective (ongoingly confirmed by your monthly chart updates), no?

You are a good observer. I also thought the call was a little early after only being a few hours behind schedule as this was not the first time. Surely exceptional, but within traditional tolerances.

In my humble opinion, we all need our safe places and routines in times of more or less boring sideways actions aka accumulation phase. Such as this thread with its valuable information, traditions and honourable members. So we can stay on the road and not end up in a ditch like others before. It's always a pleasure to share the monthly update (inspired by gentlemand), also to know for myself where we are right now. The bigger the picture, the more details we can see and enjoy (the way up).

That's interesting, I also tend to wear the same style (partly also the same clothes) since... my memories begin. And sadly regret not being able to wear a hat as this would not be a challenge for the hatter, as I can only wear one grayscale, black in black. Going as well with the flow in many other areas as my signature suggest (outside this thread).

Back to hibernation mode, enjoying the flow. Gentleman, have a peaceful month of December, also enjoy a (pleasant) sentimentality as it comes along.  

[birr]

https://bitcointalk.org/index.php?topic=5198154.msg53272496#msg53272496
 

I find it rather comforting to learn that 'Column J' has stayed well within a two-order-of-magnitude range over the listed date range.

Err...

Column J is short for Column Jbreher.
On a more serious note, the posted link explains it.  Naming the indicator "ratio of btc price to projection", which it is, wouldn't be very informative.  You have to read the background information, which entails extensive modeling in multiple steps.

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $7,540

Better.

Chelsea are down again. 11 time out of last 12 matches.

[BitcoinGirl.Club]

What is going on WO!
It's been more than an hour and no one made a single post here!!

BTC is gone LOL

[infofront]

[BitcoinGirl.Club]

^^
14 seconds gap between you and me before this more than one hour time gap!
This timing is a coincidence 🤪



Always optimistic.

[jupiter9]

1+1=11  OPTIMISM

[BitcoinGirl.Club]

1+1=11  OPTIMISM

It's called denying the truth 😂

[jupiter9]

https://pbs.twimg.com/media/ELH1UERWwAAT-ru?format=jpg&name=large Pessimism for altcoins. Inverted bitcoin dominance chart. Altcoins could go down further to the green circle area. We are at the orange circle right now.

[ssmc2]

Here's a little Andreas for anyone looking to kill 20 minutes this Saturday.  I rewatched it since it's so good.  If you haven't seen this do yourself the favor...

https://youtu.be/n4F-h4xuXMk

[xhomerx10]

1+1=11  OPTIMISM

It's called denying the truth 😂

 Yeah, everyone knows that 1+1=10

[bitcoinPsycho]

1+1=11  OPTIMISM

It's called denying the truth 😂

 Yeah, everyone knows that 1+1=10

I need to Google this

[BitcoinGirl.Club]

1+1=11  OPTIMISM

It's called denying the truth 😂

 Yeah, everyone knows that 1+1=10

I need to Google this

duckduckgo

[bitcoinPsycho]

One plus one is two, so what is going on if you write two as 10? (One warning here. Read 10 as one-zero not ten. It's not ten, it's two but written one-zero.) One place that the number two is written 10 is in base 2 arithmetic. I want to say something about base 10 arithmetic first.

In base 10 arithmetic we have ten symbols for digits. They are 0,1,2,3,4,5,6,7,8, and 9. We write the counting numbers using these symbols.

NumberBase ten representationzero0one1two2three3.
.
..
.
.nine9

At this point we run out of digits and the solution is to place the smallest non-zero digit in the second column and start again with 0 in the first column

NumberBase ten representationzero0one1two2three3.
.
..
.
.nine9ten10eleven11twelve12.
.
..
.
.

If you are working in base two you only have two symbols for digits, 0 and 1. Thus if you start to write the counting numbers you run out of symbols much earlier

NumberBase two representationzero0one1
The solution is the same as it was for the base ten representation, place the smallest non-zero digit in the second column and start again with 0 in the first column

NumberBase two representationzero0one1two10three11
Again you have run out of digits, (In base 10 this happens at ninty-nine.) so place a 1 in the next column and continue

NumberBase two representationzero0one1two10three11four100five101six110.
.
..
.
.

Ok now I understand

[d_eddie]

1+1=11  OPTIMISM

In base 1 that doesn't seem optimistic.

[El duderino_]

Halving isn't priced in
Neither is adoption growth
https://twitter.com/alistairmilne/status/1203015693383454721?s=20



amount of BTC has hit an all-time high at 28.39M addresses, surpassing the previous ATH of 28.38M (achieved on 1/10/18). (Data via
@coinmetrics
 Pro)

Short thread 👇🏼



https://twitter.com/intangiblecoins/status/1202950870939422720?s=20


2/8 This metric (“addresses w/ any balance”) is one of the best proxies we have to approximate the total number of individual bitcoin users, but it has limitations.
https://twitter.com/intangiblecoins/status/1202950872986243072?s=20

3/8 On one hand, one address can hold many UTXOs, one wallet can hold many addresses, and one user can have many wallets. Indeed, the best practice is to create a new address for every transaction. (Satoshi suggested this in the white paper).


https://twitter.com/intangiblecoins/status/1202950878451445760?s=20

4/8 Thus, the “addresses w/ any balance” metric may overcount the total number of individual bitcoin users because many addresses can be associated with one individual.
https://twitter.com/intangiblecoins/status/1202950880334635020?s=20

5/8 On the other hand, many users keep their coin w/ custodians and exchanges, which may use single omnibus addresses to hold customer funds. In these cases, one address may actually represent many users, causing this metric to possibly undercount the total # of bitcoin users.
https://twitter.com/intangiblecoins/status/1202950881588719618?s=20

6/8 These two factors play against each other, and it’s extremely difficult, if not impossible, to determine the extent to which they offset each other.
https://twitter.com/intangiblecoins/status/1202950882880606208?s=20

7/8 On balance, due to the large number of individuals who hold their funds on exchanges, we view this metric as likely undercounting the total number of bitcoin users.
https://twitter.com/intangiblecoins/status/1202950884239511552?s=20

8/8 In sum, while not perfect, the “addresses w/ any balance” metric is one of the best on-chain metrics we have for approximating the total number of bitcoin users, and its increase over time can be be viewed as an indicator of growing bitcoin adoption.
https://twitter.com/intangiblecoins/status/1202950885581692929?s=20

[VB1001]

Mic> ThreeLegendary