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

[realr0ach]

I am ashamed to admit if I had the money he had when 24, I would have retired to some exotic places or relentlessly travelling the world.

The people that build the best stuff are the people who build things they themselves would want or use.  For me personally, I've never thought to myself "holy shit I wish I had spaceship to go to the extremely hostile environment of mars in an extremely slow manner and then probably die when I get there".  Maybe if Earth was populated by a few more Jews and noggers, but we haven't reached that point yet.  

I'd also have to be researching something faster or more efficient than a liquid or solid fuel rocket for it to be worthwhile.  Then you have to factor in tiny space debris being like an atomic bomb hitting you when going fast and you get to the point of needing something resembling a planet to strap rockets to in order to not insta die.  And then you realize you're already sitting on a giant spaceship traveling through space anyway.

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[realr0ach]

Difference is not irrelevant:

There are only TWO important people in the history of digital shitcoins and Vitalik was not one of them:  Satoshi & Dan Larimer.  WHY Dan Larimer?  Because he's one of the few people who wasn't a complete idiot and knew transaction validators are designed to centralize so attempted to pre-ordain a fixed number.  His attempt (DPOS) ended up being nothing more than a replica of a republic system of government (not decentralized), but worked well as a case study for why creating a decentralized digital shitcoin is impossible after the obvious failure of decentralization of Bitcoin.

And before some absolute retard claims Bitcoin is decentralized, for the system to even work at all, anyone who wants Bitcoins is not supposed to buy them from an exchange or be forced to go through a single company complete monopoly in China (Bitmain) where every ASIC you buy just gives Bitmain 10 for themselves and further accelerates their monopoly.  You're supposed to mine them yourself if you want them, and everyone mining themselves is the only possible way decentralization can originate.  You need THOUSANDS of transaction validators to be decentralized, not 1-10 at any given time.  That's a complete fucking joke.

Vitalik probably read a r0ach post and figured out it's not even possible to create a decentralized digital shitcoin and did the only logical thing imaginable:

[LFC_Bitcoin]

I think this is exactly what drives him.
I am ashamed to admit if I had the money he had when 24, I would have retired to some exotic places or relentlessly travelling the world.
He’s instead running two of the most disruptive firm in the world working 80 hours week.

I’m not ashamed to admit that I would have retired too.

Some people need to be on the go all the time, it’s what keeps him relatively sane probably.

[dragonvslinux]

Less and less for halving ..

Were these halvings priced in?

Source: https://twitter.com/Bitcoin/status/1209521632261398528

If Bitcoin maintains the proportionate halving-on-halving  decline in gains (-68.68%), this means the next halving would "only be" 900% increase (31.31% of previous).
That's still a 10x from May 2020 until some unknown date in the future (that could also be proportionately estimated in fairness). I can deal with that   
So unless we go down to $2K by May 2020 (that I highly doubt), then 10x to $20K, then the halving clearly isn't priced in.
Even an exponential decline in halving-on-halving gains would still be around 600-800% I imagine.

[HairyMaclairy]

Or alternatively we don’t even know they exist...

[El duderino_]

Call me naive, but I don't think Elon Musk is in it for the money. He's just having the time of his life, making his dreams come true and all that... I think his motivation is not so much wealth/profit, but more to innovate and make something new. I believe the world would benefit if there were more people like him out there...

I think this is exactly what drives him.
I am ashamed to admit if I had the money he had when 24, I would have retired to some exotic places or relentlessly travelling the world.
He’s instead running two of the most disruptive firm in the world working 80 hours week.

@AlcoHoDL I think your absolutely right, Elon is one of those guys who wanna invent things I hope it’s because he wants to change things to improve the world etc But of-course as a smart person he could also wanna invent things to be acknowledged as one of the smartest person on the planet and always wanna prove himself by keep making new things....
Bottomline I think he’s not the person that only wanna enjoy his wealth but his mentally driven to keep working and performing for something and as you I just don’t think money is the main factor.....

@fillippone, no shame, many people would cash out there Idea for cash and e plots the world and it’s beauties .... absolutely no shame there——-> only a dream for most people of ever being able to gain that situation

[El duderino_]

So what’s up with the YouTube censoring BTC videos.... maybe it’s good cause to many sh*tty vids anyway, though some guys are on point ...... pity for them

I’ve been hearing the most crazy things like it’s not YouTube censoring them, but coordinated attacks etc
So many BS these days, but guys like Ivan on Tech for example why would he be censored?? He doesn’t do anything wrong imo....

To be Honest, people are paying those Video making Clowns for absolute 0 Influence on the people, while we here laugh at the attempts and wait..

Good the WO didn’t invest in your awesome idea .... you would have been censored as well.... we lucky .....

[Icygreen]

Or alternatively we don’t even know they exist...

Too far, not quite yet but a scary thought no less.

[Icygreen]

So what’s up with the YouTube censoring BTC videos.... maybe it’s good cause to many sh*tty vids anyway, though some guys are on point ...... pity for them

I’ve been hearing the most crazy things like it’s not YouTube censoring them, but coordinated attacks etc
So many BS these days, but guys like Ivan on Tech for example why would he be censored?? He doesn’t do anything wrong imo....

To be Honest, people are paying those Video making Clowns for absolute 0 Influence on the people, while we here laugh at the attempts and wait..

Good the WO didn’t invest in your awesome idea .... you would have been censored as well.... we lucky .....

Yeah good thing the WO Community did not invest into an real Advertising ideal, very lucky.

Ya right, invest with the guy who's been banned multiple times, hides behind a gas mask and won't accept escrow. Real advertising, sure

[JSRAW]

Good to see that he's not fantasizing about Gas Chambers and occupying his mind in rocket science.

[ðºÞæ]

.....innovate ...

You seem to confuse improvement with innovation.
The AC induction motor as used in pre model 3 is technology dating back to 1887 and was invented by Nikola Tesla
As it is extremely inefficient to take DC power source (battery) run it through a inverter to power AC motor, from model 3 onward the older tech DC motor is used.
Half a mile queue and hours of waiting to get free spot and then hours of charging   https://youtu.be/UqEwLle8xKU

As for the electric car, in crypto term you would call it an "altcoin"

[dragonvslinux]

Hash Ribbons is close to a buy signal, both on Daily and Weekly time-frames
Click quote for more info regarding the indicator and it's buy signals.

Daily chart 2011-2015  - Reliably signaled bullish price movement following recovery of miner capitulation with price follow through:



Signals (2011-2013): $4.08, December 27th 2011 | $5.09, May 20th 2012 | $6.46, June 22nd 2012 | $20.55, February 2nd 2013

Daily chart 2015-2019 - currently signalling recovery stage of miner capitulation, awaiting price follow through for buy signal:



Signals (2015-2019): $234, January 28th 2015 | $234, February 5th 2015 | $238 May 29th 2015 | $612, September 4th 2016 | $3652, January 11th 2019

Average of 1 signal per year in the past 9 years.

Weekly chart - has been flirting with recovery stage of miner capitulation, similar to August 2016:



Signals (2011-2019): $5.28, December 26th 2011 | $6.35, June 18th 2012 | $23.80, February 4th 2013 | $227, January 26th 2015 | $231, May 25th 2015 | $3533, January 7th 2019

Average of 1 signal every 18 months in the past 9 years

Literally flashing green in front of my eyes   the Weekly is also bull-crossing:

If these buy signals come through, I will become an uber bull  

[VB1001]

Bitcoin Fixed Supply Means Futures Aren’t a ‘Threat’ to Price — PlanB

The Bitcoin (BTC) price analyst who created one of the industry’s best-known prediction models thinks futures markets will not undermine the cryptocurrency.
In a Twitter debate on Dec. 26, PlanB, father of the Stock-to-Flow tool, dispelled fears that Bitcoin futures markets could negatively impact price.

‘Inelastic’ supply preserves BTC

https://cointelegraph.com/news/bitcoin-fixed-supply-means-futures-arent-a-threat-to-price-planb

[Hueristic]

Namecheap ditching Bitpay in 4-6 months: https://twitter.com/NamecheapCEO/status/1209133453364609024
https://debitpay.directory/anti-bitcoin/
Time for BitPay to die a painful death.

What is Bitpay’s Payment Protocol?

Bitpay has replaced BIP21 entirely with different, more controversial proposals, BIP’s 70,71,72. BIP70 was originally proposed by Gavin Andresen and Mike Hearn in 2013 - who championed creating bitcoin blacklists - generated a lot of controversy and remains largely unadopted by the majority of wallet and service providers due to many security and privacy concerns.

BIP70 introduces the requirement on developers to support legacy public-key infrastructure dependencies with known track records of vulnerabilities (openssl and heartbleed, etc…). Additionally, widespread implementation of BIP70 introduces an exposure to increased risk of AML/KYC surveillance and monitoring of on-chain transactions and more effective blacklists.

[Hueristic]

When can I finally buy my Aventador for 1 BTC   https://lambo2btc.com/

2022-2023.

Of course by then he will have grown up and want this instead.

[VB1001]

I thought VB didn't have ETH and was sour TBH. That he has whale amounts was the bigger news for me.

Damn coincidences.
I will have to make an instance asking theymos to change part of my username (VB)

[JSRAW]

I thought VB didn't have ETH and was sour TBH. That he has whale amounts was the bigger news for me.

Damn coincidences.
I will have to make an instance asking theymos to change part of my username (VB)

Creating post in Meta or approaching theymos sounds tough job, why not track down Vitalik in real and ask him nicely, if he says no then unleash whatever you want but no violence. 

[VB1001]

^
Your answer is very kind, both options are difficult to achieve.
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Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up

2020 may see crypto’s most consequential fork yet: A split between regulated exchanges and privacy-focused users.

https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up

[JayJuanGee]

What's the true valuation of a Bitcoin as denominated by it's recycle value?...zero.

Wrong!!!!

Why do I have to get mad at you during the holiday season, Roach?


Because you are dumb.   You are so dumb.  Real dumb.

And you show your ongoing stubborn level of purposeful dumb with nonsensical questions of irrelevancy like the recycle value one above.

The question has close to NO relevance in understanding what the fuck is bitcoin.  You gotta know better, don't you?  Please tell me that you are NOT that dumb, and you are merely being purposefully misleading because you have nothing better to do during these holiday times. 

You seem to understand, roach, that bitcoins are not actual physical objects/entities.  So maybe there is that, right? 

Sometimes people are also confused about where the bitcoins reside.  For example, if I have a Trezor, a ledger, an account on an exchange or a software wallet that can be accessed through my phone or a computer, the coins themselves do not actually reside on those devices, but the access to the private keys for the bitcoins that are necessary for accessing the coins themselves, may be accessible through those devices, exchanges and/or services.  Actually, sometimes with back up seeds there can be alternative ways of accessing the coins too, so if I lose the physical device or access to some of the services, they may have provided me other ways to get access to the coins by maintaining my back up seeds that can allow me to regenerate access through another kind of physical means.  In any of the cases, the access has physical components while the information (the bitcoins) remains quite more abstract.

If we are getting at BTC's utility, it has more to do with it's portability and security in terms of being digitally secured by thousands of computers that agree to an algorithm to verify who holds them and transactions and other ways of sending information back and forth on that network.

With Bitcoin, you thinking about physicality has to become more abstracted because non-physical utility that touches upon a variety of other physical support components remains a concept that any of us should be able to grow into and to actually understand when we get into our late childhood years, and for sure we should understand quasi-abstract thinking by the time we are teenagers and beyond - even though some dumbasses still continue to frame value in terms of physicality, which continues to cause them to miss a lot of understandings regarding how the world really work, and especially the many values that some abstract and less tangible aspects of life can bring.

[Hueristic]

Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions:

1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.

I don't get it, why is this a bad thing?  Aren't derivatives commonly set up for volatile assets?  If institutional investors focus on derivative markets is that bad for bitcoin?

When the derivative market is rigged as a fractional reserve and manipulated it can effect the actual market.