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

[LFC_Bitcoin]

Good afternoon WO!
Observing @ $7,287

Bro, you keep putting very similar predictions to me in our bitcointalk PL betting pool. How am I supposed to beat you into 1st place when we keep doing the same predictions?

I need to be inventive

[1713546738]

1713546738

[1713546738]

1713546738

[1713546738]

1713546738

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $7,287

Bro, you keep putting very similar predictions to me in our bitcointalk PL betting pool. How am I supposed to beat you into 1st place when we keep doing the same predictions?

I need to be inventive

What have you got in:
Liverpool - Woves
City - Sheff
Arsenal - Chelsea

[LFC_Bitcoin]

Good afternoon WO!
Observing @ $7,287

Bro, you keep putting very similar predictions to me in our bitcointalk PL betting pool. How am I supposed to beat you into 1st place when we keep doing the same predictions?

I need to be inventive

What have you got in:
Liverpool - Woves
City - Sheff
Arsenal - Chelsea

2-0
3-0
2-2

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $7,287

Bro, you keep putting very similar predictions to me in our bitcointalk PL betting pool. How am I supposed to beat you into 1st place when we keep doing the same predictions?

I need to be inventive

What have you got in:
Liverpool - Woves
City - Sheff
Arsenal - Chelsea

2-0
3-0
2-2

I got
3 - 1
3 - 0
1 - 2
It's superstition 🤣

I very rarely go for Draw match

One thing I found common in between us is that Liverpool fans know their football.

[BitcoinGirl.Club]

info, we already were in $7.5k

[El duderino_]

info, we already were in $7.5k

We already been in 6.5 and 7.5 so it’s just zero game and we are re-doing it

[BitcoinGirl.Club]

info seems out of idea 😀

By the way, somehow I missed $6.5k LOL

[LFC_Bitcoin]

New poll =

WO poster of the year, one vote per account.

[BitcoinGirl.Club]

New poll =

WO poster of the year, one vote per account.

MicG

There are no alternatives 😀

[BitcoinGirl.Club]

Troll of the year?

(WO only)
Vote as many as you can 😜

[DeathAngel]

Troll of the year?

(WO only)
Vote as many as you can 😜

gembitz
r0ach

Some others but I think maybe in 2019 especially they are the troll winners.

[AlcoHoDL]

Troll of the year?

(WO only)
Vote as many as you can 😜

The Bug^TM.

There are no alternatives. 😜

[BitcoinGirl.Club]

gembitz
r0ach

I have r0ach in mind only 😜

[El duderino_]

New poll =

WO poster of the year, one vote per account.

But But a very looooong list

[Millionero]

So apparently, CSWcoin is going to hardfork in the near future. Said hardfork includes the fantastic idea of basically stealing people's unclaimed BTC, which means, if you didn't claim your BSV, those coins will be "confiscated" by CSW-Ayre's mining operation (which I presume are the only people mining the thing). This also includes that satoshi's "1 million" coins will be stolen. According to raw calculations, they'll get $85million. I mean, it's not a lot, but still, this has to be a joke right? am I taking crazy pills? How is people unironically supporting such thing at this point?

I assume most here didn't even bother claiming the coins. I mean, it's such a pain claiming a forked coins, you have to do much for so little, but I don't appreciate CSW getting free money, but still, I may just don't bother.

If this is not the case, correct me if im wrong on the whole thing, but that is what I extracted from what I've read.

Can you link to highlighted, please?
Apart from rumors, i haven' seen anything solid, as it would be very weird.

Gmaxwell did address this on bsv subreddit:
https://www.reddit.com/r/bsv/comments/edr0av/massive_replay_theft_coming_to_a_scamchain_near/

And official bsv page says:

https://bitcoinsv.io/2019/12/23/bitcoin-sv-blocking-potential-p2sh-replay-attack-after-genesis-hard-fork/

Mitigation

In response, the Bitcoin SV Node team will update the “Genesis” hard fork specification by upgrading the rule rejecting the P2SH script pattern from a policy rule to a consensus rule.  That is the specific script template “OP_HASH160 <hash> OP_EQUAL” will not be allowed in new outputs and this rule will be directly implemented in the Bitcoin SV Node software.  Whilst unfortunate to restrict the usage of a particular script pattern, we note that the same effect can be achieved using variations of the script pattern e.g. “OP_SHA256 OP_RIPEMD160 <hash> OP_EQUAL”.

This change closes the attack vector and mitigates the need for honest miners to forcibly reject blocks containing theft transactions.  Whilst this could have triggered a valuable demonstration of the principle of honest miners acting punitively against dishonest miners, the public disclosure by Mr. Maxwell raises the potential cost to those miners to an unacceptable level.

Note: The theory is that it is argued if there were any "mistakes" here, and stealing funds was always part of the plan, they just got caught by gmaxwell.

I don't understand any of this.  I read the subreddit linked above.  Which coins might be stolen if the worst happens?  What does it mean for those of us who have bitcoins stored in segwit addresses and "compatibile" (starting with 3) addresses?

[JayJuanGee]

My term deposit at bank is about to mature after 6 months. I'm getting like $1k for this shitty investment. And what is worse, the interest rates got halved. Next time, I'll be getting like $500 for the same investment at the same bank.

I am making a big decision here:


Option 1: Keep collecting peanuts. Keep DCA'ing.

Option 2: Buy the dip, Keep DCA'ing. (1-2 btc)

Option 3: Nuke everything and become a 1 million club member while I still can. (all in)

*Option 3 violates my investment rules. Violates it like fuck all gimme lambo.

Decisions like that remain personal ones.  Usually, any of us can set guidelines for ourselves, which then empowers us to deviate from our own guidelines.  The more that you deviate from your own guidelines, the more risk that you run in terms of having to go through a process to reset the totality of your guidelines.

I understand that it is tempting to go for BIGGER when BIGGER is there, staring you in the face (referring to option 3), it is tempting.... it is tempting. 

Consider, again, your timeline, and consider why you feel rushed to be at a certain place at a certain time?  Do you feel that you are not going to have enough when you reach a certain time? 

Or do you believe that more is always better?   Sure, more would be better if it is accompanied by a sufficiently low amount of risk to achieve.  I understand that a lot of us are looking at the four year fractal comparisons, and stock to flow models and s-curve exponential growth/adoption and we are seeing that a lot of the models are lining up for good fundamentals.  But these good fundamentals are not without downside nor are they without the ability of BIG ass players to manipulate the shit out of them with their unending supply of cash and ability to convince dumb people with FUD spreading.

 Sometimes desires for MOAR are not necessarily going to bring you to a better place when you attempt to rush it and you are already sufficiently prepared for the upside... but you just want MOAR and MOAR and MOAR.  Think of all the peeps who don't even have a whole bitcoin.  The dumbasses who have known about bitcoin for a sufficient amount of time to acquire 1 BTC or 10BTC or even 100BTC without even putting much of a dent in their lifestyles, but they fail to get off of zero.... diptwats.... You are way the hell ahead of them, even if you are struggling to stack sats at a rate that you would like to achieve.

Seems to me that you are quite a bit ahead of a lot of people like that, and surely people who are older than you, do not have the luxury of your time horizon.  Seems to me that your time horizon is sufficiently long enough that you will end up getting the pay out and retiring way the fuck earlier than other people of your age.... Fuck that... It is difficult as fuck to stack wealth in your 20s 30s and 40s in order to be somewhat prepared by the time you are in your 50s... maybe even being prepared while you are in your early 40s. 

Seems to me that  we did not have these kinds of investment opportunities available 10 or 20 years ago, but they are only opportunities so long as you don't fuck it up with some kind of rushing into a position that becomes too much for you and does not sufficiently prepare you for the vast majority of scenarios, and ONLY YOU can figure out the specifics of that preparation and the risks that you are ready, willing and able to take.

And, surely one of the questions remains whether it is worth the effort to continue to just take more time to be almost guaranteed richie status rather than to rush the matter which gambles that you could become MOAR richie but then you could also end up losing some of your stash because you end up being over invested, so then part of the question FOR YOU specifically remains how much is that downside security worth to YOU?

[El duderino_]

New poll =

WO poster of the year, one vote per account.

MicG

There are no alternatives 😀

Wow woW not to much credit, most around maybe yes though some posting need some better content as well and as very good posters as for humor as for being on topic or given good advices and good stuff we should know, yeah then my vote would definitely be difficult as a few should earn my vote

[xhomerx10]

Any way, Christmas is over, let’s get back to doing what we do best......

Observing walls, checking the price too many times a day & dreaming of the MOON!

  I wish!

  Bought dad a 1TB SSD for Christmas to speed up his computer a bit ...

<snip>

Been there too, swapped parents spinning rust against SSDs, now they often think they forgot to shutdown because it boots so quick to login screen (Linux, as I have several medical certificates allowing me to stay clear of any MS products).

The best way to accelerate Windows is at escape velocity.

 I need to know where to get those medical certificates.

[BitcoinGirl.Club]

<snip>

Wow woW not to much credit, most around maybe yes though some posting need some better content as well and as very good posters as for humor as for being on topic or given good advices and good stuff we should know, yeah then my vote would definitely be difficult as a few should earn my vote

You are doing more than okay brother.

JJG will get the prize for "Wall of text" 🤪

[JayJuanGee]

^
Pay your debts

Oh lol, I edited my post above, and already done  I see what you did now 

Edit: Merited you, thanks micgoossens for +2, though next time maybe just merit the user's post yourself 

I'm clearly not great at understanding economics 

Why? It benefits two posters right now

I already explained 

I'm clearly not great at understanding economics 

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.
BTW: in the hypothetical surrogate TA observation that temperature is lower in the winter than in the summer (in northern hemisphere) what is more important: the "TA" observation or the knowledge of orbital tilt and planet rotation around the star?

Ah fundamentals v TA. An argument as old as the hills. The challenge being that economics is not the dismal science, but rather no science at all. And there is no rational economic explanation for short term price perturbations. 

Think of it this way.  TA is the study of the psychology of price discovery.  TA is asking the question - what will the crowd do when X happens?  And how can you make the crowd do Y?

True story. That psychology of price discovery, unrelated to economics, is also the psychology of "human rationality" or more specifically "the herd".
Humans are far from rational, instead they act like most animals in a herd like mentality: they lack basic intelligence when panicked or feeling threatened.

I doubt that it is fair to assert that people are acting in a herd mentality merely because TA attempts to both describe and to predict their behavior in terms of what the masses of people are doing or likely to do. 

There is still individual deviation within the pattern that is attempted to be captured by TA, even if the TA has some predictive value and sometimes even very accurate predictive value for the masses, but not necessarily for the individual and does not necessarily take away the free will from the individual, even if the TA might suggest that the individual is engaging in dumbass behavior (or at least NOT as prosperous of a route) if s/he attempts to deviate from what the TA suggests.. which might also pay off from time to time, too.

There are also forces, including individual action(s) that will try with a lot of might to can fuck up the TA, and sometimes will be successful, and surely any TA that is worth any kind of salt will attempt to predict and prepare for deviations and destruction attempts, too.  Successfully?  Perhaps sometimes.  Surely some models are better than others and sometimes some models have to be thrown in the rubbish and some models merely can be tweaked in order to make better at both description and prediction.