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

[becoin]

eventually all these fractional reserves are going to have to make good. the people will figure it out eventually it just takes them time.

why?

seems to work indefinitely with gold and silver

I fear we may all die of old age waiting for their bullshit shell game to come unraveled.

There are 2 major differences:
1. Gold and silver can be forged, bitcoin can't. You can have 995 gold sold as 9999 while bitcoin is a binary asset. It is either 100% bitcoin or 0% bitcoin like bcash.
2. It is hard and expensive to prove who is the actual owner of a gold bar in a vault. It is incredibly easy and cheap to prove who is the owner of a bitcoin address.

[bkbirge]

WHEN MOON?




Inside The Cryptocurrency Revolution | VICE on HBO

^^ "Feeble Americans."  

Difficult to find that 14-minute clip interesting or even relevant when it seems to be largely about Ethereum.

In other words, seems that I just wasted 14-minutes of my life, to the extent that I might not have been attempting to multi-task.

Pretty sure I saw that clip over a year ago.

[jojo69]

Well here goes

actively nuking Windows on primary production boxes starting now

fuck off Microsoft

[LFC_Bitcoin]

Time for the HODLnest I think (TM by MicMan).

Good night fellow moon boys.

[fillippone]

First Bitcoin 2020 record!

New ATH in Mining Difficulty!

The 304th Bitcoin mining period has started with block 610,848. ⛏ New difficulty: 13,798,783,827,516 (+6.57%)

https://twitter.com/BtcBlockBot/status/1212492491527729152?s=20

New Year, new Bitcoin all time high difficulty of 13.8T.#bitcoin $btc

https://twitter.com/cryptochaindata/status/1212494467858493440?s=20

[El duderino_]

$BTC

I'm pretty sure we're gonna bounce big time in the next 3-6 months.

via Imgflip Meme Generator

https://twitter.com/cryptodonalt/status/1212194776021446656?s=21

Could live with a big move

[cAPSLOCK]

WHEN MOON?




Inside The Cryptocurrency Revolution | VICE on HBO

^^ "Feeble Americans."  

Difficult to find that 14-minute clip interesting or even relevant when it seems to be largely about Ethereum.

In other words, seems that I just wasted 14-minutes of my life, to the extent that I might not have been attempting to multi-task.

I really think this is a very informative video.

I understand your feeling of wasted life.  But there are some things it brings to light that are powerful:

- Humans naturally NEED a leader.  A decentralized system is foreign to our natures.  We have been wired to seek out trusted parties.  Buterin is the story here.  They like that he is a genius. They like that he says magic things.  And they like gawking at his autism.

- This is still "early times"!  Still!  Unless Ethereum fails under it's own weight we are going to have to see wave after wave fall for it's impossible promises (And, yeah I know there are some ETH folks in here.. and maybe all of us have our pet alt (aside from JJG) mine is XMR).  But it is not done yet in my opinion.

- Bitcoin is still too new an idea (to the mainstream) to be sexy yet.

- Millennials are gonna like VB. He is a millennial.  And his ethos is  more in line with the left/socialist hyper postmodern millennial worldview.  For example his hatred of POW which is based on Greta Thunberg type thinking but also reveals an AMAZING lack of understanding the basic laws of the universe and the miracle of "unforgable costliness" that BTC achieves directly because of POW.
 
You just can't tell a story if you don't understand it.  And Vice does not understand what Bitcoin is.  It's not many people yet who do.  That is why it only costs 7k.  If more understood it would be much costlier.  I am glad Nick Szabo is kind of coming out of the shadows more recently.  He, for some reason *cough*, DOES seem to understand what Bitcoin is.  I'd love to see him talk more about it... I don't know about being in a Vice documentary... but something.

Speaking of which... maybe you can clean out your brain from that piece by consuming this:
https://www.whatbitcoindid.com/podcast/nick-szabo-on-cypherpunks-money-and-bitcoin

[wachtwoord]

He, for some reason *cough*, DOES seem to understand what Bitcoin is.  

Haha, I wonder why   

[LUCKMCFLY]

Interesting article on: Bitcoin’s natural long-term power-law corridor of growth

The model predicts that the price will move between the red support line and the blue top line. The purple robust fit / RANSAC line defines the center of the “normal mode”. The two past halvings as well as estimated future halvings have been marked with black vertical lines.

One of the interpretations:

A price of about $150 000 at the beginning of 2022, which is the next and fourth four-year period.
A price that is lower than $150 000 until mid-2028, which is in the sixth four-year period.

Source: https://medium.com/coinmonks/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

[cAPSLOCK]

Prediction:  After CSW goes down in flames Daniel Krawitz will step up as the high priest of BSV.

https://www.reddit.com/r/bsv/comments/eipakj/now_that_csw_is_just_a_sad_old_nocoiner_a_new/

[jojo69]

any coin with a "leader" is doomed from the get go

what a bunch of tards

[d_eddie]

Does it mean "justice requires weapons"?  If so, it should be "armas".

[jojo69]

what fuckery is this?

[d_eddie]

Maybe Bargain Boyz wishing for New Year shopping?

[xhomerx10]

Does it mean "justice requires weapons"?  If so, it should be "armas".

 I don't think arma is a first declension noun.  I'm pretty sure it would follow the same declension (2nd) as bellum in the plural form (one of the only declensions I remember well from high school Latin)
The accusative pl. would be 'bella'.  I'm pretty sure the motto is fine the way it is.  I mean if I was a betting man... 

[Arriemoller]

Does it mean "justice requires weapons"?  If so, it should be "armas".

It has been checked with a professor in latin at the university of Lund.
So I'm pretty sure it's correct.

EDIT: Yes it means "justice requires arms".

EDIT again: I'm starting to second guess my English, should it be "checked by a professor?
Is it "professor of latin?

[realr0ach]

Wake up, Lauda.  I think I got something to say to you.  It's early 2020 and digital scamcoins are no longer cool.  You dumped scamcoins all over the place.  Now millions of young Indian boys wish they never saw your face (and other things).  Oh, Lauda, can you stop trying to scam the entire country of India anymore?

[xhomerx10]

^Fancy yourself as Rod Steward today? 

[JayJuanGee]

$BTC

I'm pretty sure we're gonna bounce big time in the next 3-6 months.

via Imgflip Meme Generator

https://twitter.com/cryptodonalt/status/1212194776021446656?s=21

Could live with a big move

That tweet is interesting in a couple of regards.

1) The chart depicts quarterly candles, and when I go to Tradingview.com, I can only get the charts therein to show a maximum of monthly candles, so those quarterly candles might be a feature that paid members get (I'm not a paid member, there).  Anyone know?

2)  The substantive assertion itself ("I'm pretty sure we're gonna bounce big time in the next 3-6 months") is saying something that seems to be fairly obvious, with the halvening coming in about 5 months.  

But, no outcome is any kind of actual "given" in bitcoin, even if such asserted outcome seems to have decent odds of happening.  

What kinds of odds would WO peeps give to this bounce assertion?   Greater than 50/50 odds?

What is "big time?"  Greater than $10k or greater than $13,880? Or greater than $19,666?  

I am thinking that a bounce of greater than $13,880 would be pretty BIG time, if it were to happen in the next 3-6 months?  Anyone differ in their thinking about what is a BIG bounce in our current BTC price dynamics framework?

[jbreher]

<<wallotext>>

Happitty New Years, WordyMan. And all you other louts, too.