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

[lightfoot]

Fed up to shenanigans again...

https://cointelegraph.com/news/us-fed-to-print-425b-for-new-years-3-times-bitcoins-market-cap

While common, such moves involve conjuring vast new liquidity based on zero backing — essentially money printing without physically printing any money.

My it's so nice to have one's store of wealth controlled by people with agendas that may not line up with yours.

Oh wait, there's bitcoin :-)

* people=rotters

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[LFC_Bitcoin]

Is anybody even remotely bothered about what some might say is a fairly low price atm?

I’m just living life, feeling relaxed about everything, safe in the knowledge that the MOON will appear over the next few years.

Enjoy yourselves, relax & stack sats. Good times are coming & I don’t mean fucking Christmas.

 

[xhomerx10]

 That would pair nicely with V8's black(non-black), 3/4 length(or some other length), over-sized, intimidation jacket.

[LFC_Bitcoin]

I think this one would suit V8 better




Kidding, love you V8

#nohomo

[jojo69]

Are we the baddies Fritz?

[bitserve]

I think it is time for a yearly update:

CoinATM 2019 EOY stats update: 6297 crypto ATMs installed worldwide

Please first read my last update (one year ago) as this post is a follow-up from there: https://bitcointalk.org/index.php?topic=178336.msg48796571#msg48796571

As "predicted" this year it was not possible anymore to reach another doubling in Bitcoin ATM's installed but a more linear growth resulting in an 50% increase. Even tho it is still an impressive milestone of continuous growth that reflects maturity. More than 2000 newly installed crypto ATM's during an otherwise slow year.

Also, the rate of installations have accelerated during the past couple of months and could account for another easy 50% increase (3000+ new ATM's) for next year if all other factors remain constant.

The current density of ATM's worldwide is reaching very good levels. Main capitals keep growing and presence of ATMs have reached more than acceptable levels in some. For example, Las Vegas not only recovered from its past ATH of 95 ATM's (from a bottom of 65) but reached an impressive (for such an small area) of 121!

Also as predicted, the fees seems to have been lowered in those areas with more density probably due to increased competition.

Much more important is that SELL fees during 2019 have been constantly low in comparison to BUY fees. It is not uncommon to now find SELL fees of 1.5 to 3% where past year were almost double than that. This could be consistent to the argument that we are now in an accumulation phase so that ATM providers need to balance supply/demand via fee incentives. (If their pockets were full of BTC we would see the inverse effect in fees).

Those fees are now perfectly acceptable for the convenience of using an ATM, more so if you are a traveler to a foreign country and can also avoid currency exchange at an even higher fee.

It seems that progressive fees are starting to appear.... in some way, like establishing a buy fee of % + X$ fixed minimum amount. Also some operators offer OTC for bigger amounts at a better fee (something I would like to see implemented in the ATM itself soon).

It is possible to envision that IF Bitcoin adoption grows enough (more than one order of magnitude) during the following years some innovator conventional ATM manufacturers would even include crypto functionality into their products. That would be critical adoption milestone that could make the crypto ATM stats skyrocket. I don't see that happening in less than 3-5 years.

I am still missing this but IIRC some manufacturer announced exactly that... I just don't see it really happened yet.

The future looks bright also in this field of Bitcoin industry. Infrastructure in general has never been so good with tens of exchanges, thousands of crypto ATM's, variety of hardware wallets and third party custodial offerings, etc.

Fundamentals are there and improving day by day. Let's see what new major milestones gets achieved during next year. Sooner or later price will follow too.

This has not changed. In fact we have advanced a couple of steps more. Eventually we will reach the destination.

Cheers!

[d_eddie]

Now don't start singing YMCA just yet please.

[xhomerx10]

^^ Last year there was only one Bitcoin ATM near me and the rates were ridiculously high. The next closest one was ~50km away and in a very traffic-congested area which made it difficult for me to justify the trip.  Now there are 5 or more Bitcoin ATMS and a couple of tellers within 10km.  The rates are much more competitive now as well - I even saw some under 4% briefly yesterday.

[VB1001]

Update, add a brief review of the members involved in the history of the hats, from my point of view, of:

- Micg
- V8
- Hairy

All three are part of the creation of Legend of the Hats, now the story is presented in 5 parts, they are modest boys and they won't tell their part, this is the reason why I tried to reflect their contribution, I also added some useful links to the blog.

With this I finish the blog, only the new hats will be published and WO statistics, will be updated so that they are always available.

Thx everyone, long life WO Hats Club

www.wohats.com

[El duderino_]

In the current month, more than 14,000,000 USD have been traded in Venezuela using LocalBitcoin (Mostly Bolivares to BTC and BTC to Bolivares), in a country where minimum monthly wage is around 3 USD, that is an important number. Venezuela is the 1st in …

https://www.reddit.com/r/Bitcoin/comments/eazjnu/in_the_current_month_more_than_14000000_usd_have/?utm_source=ifttt

[El duderino_]

Global debt to top record $255 trillion by year's end

https://www.reuters.com/article/us-global-markets-debt/global-debt-to-top-record-255-trillion-by-years-end-idUSKBN1XP1FB

[El duderino_]

Update, add a brief review of the members involved in the history of the hats, from my point of view, of:

- Micg
- V8
- Hairy

All three are part of the creation of Legend of the Hats, now the story is presented in 5 parts, they are modest boys and they won't tell their part, this is the reason why I tried to reflect their contribution, I also added some useful links to the blog.

With this I finish the blog, only the new hats will be published and WO statistics, will be updated so that they are always available.

Thx everyone, long life WO Hats Club

www.wohats.com

I think BlindMayorBitcorn also was a serious member involved, I think he was the first one to resize a HAT and use it as avatar, not??

Thats the main move after creating them

[bitserve]

^^ Last year there was only one Bitcoin ATM near me and the rates were ridiculously high. The next closest one was ~50km away and in a very traffic-congested area which made it difficult for me to justify the trip.  Now there are 5 or more Bitcoin ATMS and a couple of tellers within 10km.  The rates are much more competitive now as well - I even saw some under 4% briefly yesterday.

Yeah, that looks pretty consistent with what stats are showing. Of course YMMV in some areas as there will always be exceptions but the progress is clear.

Ironically I have NEVER used one yet... but now it has reached a point in which it is just a matter of time I do because the service has reached what I would call acceptable levels for me. Ie: Next time I travel to USA I will surely use it instead of exchanging my euros here (at a higher fee!).

Also I have seen some nearby local ATM's with fees as low as 1.5% (for selling) that I would have already used them if wanted to sell some (which I don't). I will anyways go some of these days and try it just for the heck of it.

Of course, those extremely low sell fees are probably a sign of being in an accumulation phase and will maybe be higher during the next "bubble" phase. Or maybe not.

In any case, current situation seems to be quite good and it is one critical point for the next step in mainstream adoption. Just think about the "traveling to foreign countries" use case... That will be huge.

[Elwar]

I think it is time for a yearly update:

CoinATM 2019 EOY stats update: 6297 crypto ATMs installed worldwide

Thanks for the update. I made good use of Bitcoin ATMs while on the run.

Bitrefill and Bitcoin ATMs...quite useful when fleeing a nation.

Unfortunately more and more people will likely need to discover this themselves.

[bitserve]

Update, add a brief review of the members involved in the history of the hats, from my point of view, of:

- Micg
- V8
- Hairy

All three are part of the creation of Legend of the Hats, now the story is presented in 5 parts, they are modest boys and they won't tell their part, this is the reason why I tried to reflect their contribution, I also added some useful links to the blog.

With this I finish the blog, only the new hats will be published and WO statistics, will be updated so that they are always available.

Thx everyone, long life WO Hats Club

www.wohats.com

I think BlindMayorBitcorn also was a serious member involved, I think he was the first one to resize a HAT and use it as avatar, not??

Thats the main move after creating them

Yup. That probably gave it a critical push to "adoption" right at the start!

He did it during his Rosewater "incarnation" though

[arklan]

i only just now noticed how many of the avatars in here are hats...

got our own dang culture in here.

[El duderino_]

Update, add a brief review of the members involved in the history of the hats, from my point of view, of:

- Micg
- V8
- Hairy

All three are part of the creation of Legend of the Hats, now the story is presented in 5 parts, they are modest boys and they won't tell their part, this is the reason why I tried to reflect their contribution, I also added some useful links to the blog.

With this I finish the blog, only the new hats will be published and WO statistics, will be updated so that they are always available.

Thx everyone, long life WO Hats Club

www.wohats.com

I think BlindMayorBitcorn also was a serious member involved, I think he was the first one to resize a HAT and use it as avatar, not??

Thats the main move after creating them

Yup. That probably gave it a critical push to "adoption" right at the start!

He did it during his Rosewater "incarnation" though

Indeed sorry

[El duderino_]

i only just now noticed how many of the avatars in here are hats...

got our own dang culture in here.

its just our personal art artist xhomerx10, you can always PM him and join with a beauty HAT

[El duderino_]

Btw its Belgian De Bruyne show atm 

[VB1001]

Update, add a brief review of the members involved in the history of the hats, from my point of view, of:

- Micg
- V8
- Hairy

All three are part of the creation of Legend of the Hats, now the story is presented in 5 parts, they are modest boys and they won't tell their part, this is the reason why I tried to reflect their contribution, I also added some useful links to the blog.

With this I finish the blog, only the new hats will be published and WO statistics, will be updated so that they are always available.

Thx everyone, long life WO Hats Club

www.wohats.com

I think BlindMayorBitcorn also was a serious member involved, I think he was the first one to resize a HAT and use it as avatar, not??

Thats the main move after creating them

Yup. That probably gave it a critical push to "adoption" right at the start!

He did it during his Rosewater "incarnation" though

I don't know, I wasn't there, I arrived 2 months later at WO, I'm just doing the file the best I can.