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

[JayJuanGee]

Zoom the fuck out, ToxicMoxic!!!

D




----
M

strong hands

I will concede that Rome was not built in a day.

[1714475591]

1714475591

[Toxic2040]

Will we Vegeta short time frame-ish??

         YES                 NO

[jojo69]

3 trillion here, 3 trillion there

pretty soon...something something


profit?

[HairyMaclairy]

It’s not a secular bear market.  Its a secular bull market with a local top.  It’s unreasonable to expect the price to continue to go up as the halvening hype fades. And it will take some time for the supply side constraints to start to bite. 

[Biodom]

It’s not a secular bear market.  Its a secular bull market with a local top.  It’s unreasonable to expect the price to continue to go up as the halvening hype fades. And it will take some time for the supply side constraints to start to bite. 

That may be so, but you've got to say it, boyo,...what's the [local] number?
I gave mine already.

[lightfoot]

3 trillion here, 3 trillion there

pretty soon...something something


profit?

Kind of interesting actually. At a certain point there simply are no consequences for the worst behavior. Almost as if you had a rich daddy giving you everything.

Speaking of which looks like people are starting to shoot others over wearing masks. Yep, it's worth someone ELSE dying over.

https://www.washingtonpost.com/nation/2020/05/04/security-guards-death-might-have-been-because-he-wouldnt-let-woman-store-without-mask/

[P_Shep]

That means nuttin.
Which manufacturer?
Mind to share the disk sector size and count, too?    

And did you already patch and configure the firmware?

Nothing too exciting. It was a WD My Book Duo with two 14 TB reds. They were immediately whipped out and rammed into me NAS. It's now being refilled with my real time rail journey videos. I tend to point the camera towards the carpet as the changing light and the sound of the train, plus passenger coughing, lulls me to sleep.

Neat hack there. 2 WD Reds for pretty much the price of a single!

[Biodom]

3 trillion here, 3 trillion there

pretty soon...something something


profit?

Kind of interesting actually. At a certain point there simply are no consequences for the worst behavior. Almost as if you had a rich daddy giving you everything.

I have a different question. Why is it working? I don't see anybody objecting, really.
In Japan they were at it for 20 years or so. Did not stimulate much, but did not hyperinflate anything either.
Sending numbers from one ledger to another.
Some people now suggest DEEP negative rates.
Now, that, I think, could be dangerous.

[gentlemand]

Neat hack there. 2 WD Reds for pretty much the price of a single!

Yes. And they pop straight out and they're official reds. Shucking the Elements disks often comes in a little cheaper but they're relabelled reds so might be ones that didn't quite cut it. I read that WD have been sneaking SMR into their smaller capacity reds but left the big 'uns alone. Luckily I'm a size queen.

[JayJuanGee]

https://twitter.com/100trillionUSD/status/1257344002531241984

If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving.

Never heard about a 12 mo moving average, but....OK.
...Introducing a 520 wk moving average...We are way above that one.

Mind you, I am still bullish, but planB keeps coming up with something that is tangential at this point.
I understand that he is nervous on whether his models would work or not. It's nail-biting time.

I think that PlanB is just active in posting, and engaging about the bitcoin topic in a variety of ways that are largely helpful to educating people about bitcoin, and probably he has a goal of bringing people into bitcoin based on seemingly strong fundamentals.

Being bullish, giddy and excited about bitcoin is not the same as being nervous.

The BTC price would have to go way the fuck out of wack for such Plan B's model to not be helpful and informative in a variety of ways, such as even contributing to understanding whether the model is broken or if it needs to be tweaked (or just thrown completely out).   It is way too early to even consider that Plan B's model might be broken in some kind of way, and so the fuck what, if it is?  I mean, yeah, let's say that fiat money printers spend a trillion or more into just dumping on bitcoin on an ongoing basis (yeah as if that is going to happen?) and then BTC prices stay down in the sub $1ks for months or years, then maybe we might start to consider that there is something wrong with Plan B's model, and would we throw it out, or would we just have to tweak the model in order to account for a kind of unexpected exogenous occurrence?

[HairyMaclairy]

It’s not a secular bear market.  Its a secular bull market with a local top.  It’s unreasonable to expect the price to continue to go up as the halvening hype fades. And it will take some time for the supply side constraints to start to bite.  

That may be so, but you've got to say it, boyo,...what's the [local] number?
I gave mine already.

Local top? 9.4k

Local bottom to follow?  I dunno.  I think it’s fair to say that Trump will move heaven and earth to keep the US stock market awash with liquidity between now and November.  That means lots of hot money washing around, some of which will invariably end up in Bitcoin.

Volatility will remain high so have set out some staged low ball limit orders and will see what fish get landed.   If I am wrong and the price happens to just go straight up from here, that would be fabulous.

[lightfoot]

Oh for fuck's sake:

https://www.cnn.com/2020/05/04/investing/fed-junk-bonds-etfs-debt/index.html

No, there are no longer any consequences for bad actions, and the government will underwrite any risk you take. Why not?

[JayJuanGee]

It’s not a secular bear market.  Its a secular bull market with a local top.  It’s unreasonable to expect the price to continue to go up as the halvening hype fades. And it will take some time for the supply side constraints to start to bite.  

That explains everything.  

Buying support is not keeping up.  

Unsustainable.... etc etc..  

Hopefully, you are not leaning too much on that theory - just in case.

Edit:
I see that you, hairybairie, largely answered my last question (regarding your preparedness for either BTC price direction) in your above post (two posts above this one).

[Biodom]

Oh for fuck's sake:

https://www.cnn.com/2020/05/04/investing/fed-junk-bonds-etfs-debt/index.html

No, there are no longer any consequences for bad actions, and the government will underwrite any risk you take. Why not?

Like a kid, the only thing that I wanted to ask after reading this cnn article was: "...and then?"
There was no answer, obviously.

[JimboToronto]

I took delivery of 28 TB of spinning hardness today. Nothing gets my watery sap rising more than quality storage these days.

2nd millennium mechanical storage? How about magnetic tape and paper punch cards?

Do you also use vacuum tubes (Eccles-Jordan bistable multivibrator circuitry) and revolving drum memory?

SSDs have been around for over 40 years, mainstream for 20, consumer/retail for well over a decade.

I concede that mechanical HDDs have some archival value but they're so slow and so fragile.

I guess they're cheap though. You get what you pay for.

[gentlemand]

2nd millennium mechanical storage? How about magnetic tape and paper punch cards?

The same amount in SSDs, the cheapest and worst type, would be 7-8x more and getting them to run in the form I need would probably cost another $1-2000 on top for a rig to operate them. It's all backed up so it don't matter if it croaks but I've only ever had one mechanical HDD fail and that was after 12 years. I'll take them odds.

[vapourminer]

I took delivery of 28 TB of spinning hardness today. Nothing gets my watery sap rising more than quality storage these days.

your wallet.dat file is that big?

nice

[Hueristic]

I took delivery of 28 TB of spinning hardness today. Nothing gets my watery sap rising more than quality storage these days.

your wallet.dat file is that big?

nice

I was thinking pr0n collection.

[vapourminer]

[...] but I've only ever had one mechanical HDD fail and that was after 12 years. I'll take them odds.

more or less the same here. just never power mechanical drives off and they last so long they are pretty much useless capacity wise at that point even though theyre still going.

[vapourminer]

I took delivery of 28 TB of spinning hardness today. Nothing gets my watery sap rising more than quality storage these days.

your wallet.dat file is that big?

nice

I was thinking pr0n collection.

your pron fits in 28 TB?

you need to step up your game