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

[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.

[1714787895]

1714787895

[1714787895]

1714787895

[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

[Last of the V8s]

The Goose is a beast.

[El duderino_]

Mic> ThreeLegendary

https://bitcointalk.org/index.php?topic=5171113.msg53284815#msg53284815

 

[jojo69]

[VB1001]

maybe Kucoin has their own vested intenrest in feeding the tether fud.  

Precisely.  It's all whale games.

Give this man a new hat. 

https://bitcointalk.org/index.php?topic=178336.msg46912451#msg46912451

maybe Kucoin has their own vested intenrest in feeding the tether fud.  

Precisely.  It's all whale games.

Give this man a new hat. 

wich one, i got a few hat's.

https://bitcointalk.org/index.php?topic=178336.msg46912906#msg46912906

Where did you get the hats Mic?

https://bitcointalk.org/index.php?topic=178336.msg46913597#msg46913597

Where did you get the hats Mic?

Bought them in Mallorca and barca....

BUT ONLINE

https://store.goorin.com/mens-hats/featured/top-sellers

Goorin brothers hats .....

https://bitcointalk.org/index.php?topic=178336.msg46913785#msg46913785

maybe Kucoin has their own vested intenrest in feeding the tether fud.  

Precisely.  It's all whale games.

Give this man a new hat.  

 


edit:

Edit: trying to post from my phone... sorry no proper image tools

Good good .... Then for once you can’t outperform all the rest

 I'm home

https://bitcointalk.org/index.php?topic=178336.msg46916490#msg46916490

maybe Kucoin has their own vested intenrest in feeding the tether fud. 

Precisely.  It's all whale games.

Give this man a new hat. 

 


edit:

Edit: trying to post from my phone... sorry no proper image tools

Good good .... Then for once you can’t outperform all the rest

 I'm home

haha noticed immediately    nice what you've done with that hat btw 

https://bitcointalk.org/index.php?topic=178336.msg46920217#msg46920217

Goosse !!!

Here begins the story of the hats?
This is the whole story or do you want to add more details?

Tell me more.

[fillippone]

Wow! A Model S and a Cybertruck in the same pic just outside a Tesla Store!
What the chance!?

[BitcoinGirl.Club]

Mic> ThreeLegendary

WO brand.

[ivomm]

...

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

I think it is safe to say that BTC owner is someone who owns the keys. At the moment  such person deposits ALL his BTC's on an exchange, he delivers the possesion to the exchange. Whether he sells them immediately or waits for better price does not make him BTC owner anymore. And if someone buys BTC's but keeps them on an exchange he is also not an owner. These people are traders who don't care what they trade, only care for the profit. Therefore, the number of BTC owners (real investors) is less than 28 mil. Provided that almost everyone has at least 2 addresses (and some more than 10), the real number is much smaller, probably below 14 mil. Compared with the Earth population and the 3 mil BTC's left to be mined, it is clear that the mass adoption has only just begun.

[Arriemoller]

Wow! A Model S and a Cybertruck in the same pic just outside a Tesla Store!
What the chance!?

If that's the production model cybertruck I ain't getting one.
Pretty sure that's someone pranking Tesla

[Last of the V8s]

Here begins the story of the hats?
This is the whole story or do you want to add more details?

Tell me more.

we were talking about hats earlier in the morning, which is why Hairy gives out a hat later in the day
i'd say it started here, but then i would. note rosewater's participation at that time( - miss him )
https://bitcointalk.org/index.php?topic=178336.msg46903843#msg46903843
https://bitcointalk.org/index.php?topic=178336.msg46908482#msg46908482

[Globb0]

11 = 3

[BitcoinGirl.Club]

I finally figured!
1 + 1 = WO 🤪