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

[Room101]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Pretty much everyone??? May be In parallel dimension.

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex 

 

[Cryptotourist]

Only retards make charts (data sets) with completely unrelated metrics.

And the only ones dumber than they are are the ones who believe those metrics correlate.

Yikes!

Phew:

San Marino has had 41 deaths out of a population of 33,000. 

So that suggests about 3,300 cases or about 10% of the population. 

So San Marino has by far the highest death rate in the world per head of population but is a long way from herd immunity. 

But, but:

- A dog and three cats in the Netherlands have been infected with Corona.

Now I'm scared.

[JayJuanGee]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Lot's of people have heard of bitcoin, sure... of course, but they have hardly no fucking clue about what it is, including some people who buy it, and I am not even excluding myself from such person's who have difficulties understanding what the fuck bitcoin is.  

In other words, I would not presume anything even close to full knowledge coming from anyone merely because they had heard what bitcoin is and they are able to describe it in one or two sentences.

Agree 100% Pretty sure none of the replies will help anyone with that!  

My larger point I suppose, was that I don't think the next leg up will be people buying because they saw a J.K tweet, but because they need to buy it.

Well, Room 101, you have been around the block a few times, so you are no newbie to the bitcoinspace, and likely you realize that a lot of measurements of differences end up being on the margins - in other words, sometimes perceptions and even just the fact that a bunch of friends in a social group keep talking about bitcoin causes other people in the group to "look into the matter" more closely and can make a difference between whether they buy some bitcoin or just stay on the sidelines.

Probably, you are correct with any suggestion that bitcoin likely gives few shits about whether these JK Rowling fans buy bitcoin or not, but in the end, we have all kinds of fringe groups and fringe uses in bitcoin, and on the margins, these fractionalized groups can end up making some differences in terms of network effects and spreading the word and raising awareness, even if bitcoin hardly gives any shits whether they join in or not, and it is NOT like bitcoin needs them.. but at the same time, bitcoin cannot exclude them either... just like it cannot exclude Roger Ver or Craig Wright when they come back to bitcoin on their knees.. and who cares whether Roger Ver or Craig Wright come back to bitcoin, which is likely inevitable that they will anyhow, and their coming back also makes differences on the margins in terms of increasing usage, network effects etc.

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex  

Bitcoin does not discriminate.

She accepts: retards, fanaticals, drug dealers, MILFs, grandmas, refugees, computer nerds, normies, financial wizards, governments, agriculture workers, non-profit organizations, Corona virus survivors, maids, famous authors (even if they write dumb stuff), construction workers, nobel laureates, Chinamen, 14-year old snot-nosed brats, democrats, porn stars, daddies contributing towards a child's college fund, homeless abled-bodied young men, priests, and whatever classification of person or institution is thrown her way.  Sure some of them will be tricked out of their coins along the way, but bitcoin no doesn't care.

[Arriemoller]

From the University of Sussex

"The contrast with the last major global financial catastrophe is telling. Following the Lehman Brothers collapse in September 2008, the correlations between the S&P 500 index and gold, or the Swiss Franc, or US Treasuries were all around minus 40%. During March and April 2020 the correlation between the S&P 500 index and gold was plus 20%.
Even more surprising is the behaviour of the bitcoin/US dollar rate – since this cryptocurrency emerged in January 2009 its behaviour was completely uncorrelated with any traditional asset, but as the S&P 500 index plummeted in early March 2020, so did bitcoin. Their correlation was plus 63% then, and it remains unsettlingly high at 40%."

http://www.sussex.ac.uk/broadcast/read/52005

[JSRAW]

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex  

Bitcoin does not discriminate.

She accepts: retards, fanaticals, drug dealers, MILFs, grandmas, computer nerds, normies, financial wizards, governments, non-profit organizations, Corona virus survivors, famous authors (even if they write dumb stuff), nobel laureates, 14-year old snot-nosed brats, porn stars, daddies contributing towards a child's college fund, homeless abled-bodied young men, and whatever is thrown her way.  Sure some of them will be tricked out of their coins along the way, but bitcoin no doesn't care.

You missed the joke JJG 

[JayJuanGee]

- A dog and three cats in the Netherlands have been infected with Corona.

Now I'm scared.

You better be getting scared, because next it is coming after monkeys like ur lil selfie.



 

[VB1001]

however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point.

never stop learning.

Fair enough.  If all of a sudden, some very large and unanticipated expense rolled into your door.. you might have to say fuck.  And, you might have liquidate a decently large portion of your bitcoin's even though it was either last or towards the end of you liquidation list.

Nice for us to have those kinds of options, even though they do not necessarily resolve all issues that might end up coming in our direction.. including some major issues that could undermine our bitcoin stash, too..

I am in a similar situation to the one you describe and probably the solution is to sell BTC, this is the true magic of Bitcoin, the alarm light of the Fiat reserves has gone on, according to my plan, I cannot face the unforeseen and continue decapitalizing me, BTC will save my ass like other times.

No need to comment on the reason for this decision, we have enough shit in this 2020
As soon as I can recover financially, I will start buying again
Nothing changes, the same VB1, Bull, StrongHat, but practically with 0 BTC

[JayJuanGee]

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex  

Bitcoin does not discriminate.

She accepts: retards, fanaticals, drug dealers, MILFs, grandmas, computer nerds, normies, financial wizards, governments, non-profit organizations, Corona virus survivors, famous authors (even if they write dumb stuff), nobel laureates, 14-year old snot-nosed brats, porn stars, daddies contributing towards a child's college fund, homeless abled-bodied young men, and whatever is thrown her way.  Sure some of them will be tricked out of their coins along the way, but bitcoin no doesn't care.

You missed the joke JJG 

Ok.. bitcoin accepts retards and socially inept.. etc.. I thought that mostly I captured the category of your reference.. NOT denying the phenomena... that's for sure.   

[BayAreaCoins]

Bitcoin tx fees are spiking... hopefully the miners aren't trying to artificially lift the fees again.  

We really need more competition in Bitcoin mining.

"From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16.
While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11.
The average cost of executing transactions on the Bitcoin network has increased by more than 800% in just one month, with May posting the highest transaction fees since July 2019 so far.
Fees are up by more than one-third since the halving, which precipitated an increase in transaction costs of 105% over three days."
source: https://cointelegraph.com/news/bitcoin-transaction-fees-are-up-800-in-one-month

I remember before the halving paying the $0.38 to send over 0.08btc. It was a super fast send too receiving it within 5 minutes!
Just now sent 0.0579btc with a 0.000616btc miners fee $5.96 at preev rate and confidence rating is under 29% for the transaction which I sent 33 minutes ago. Not one confirmation yet.
And if it just like before the weekend when price of BTC was surging nearer to $10k price, where everyone and their grandmothers are trying to send their bitcoin to their exchange wallets , then I wont expect it to confirm with 3 hours from now. Where the send I did on friday had a over 94% confidence rating but still took over 3 hours to get 1 confirmation on the blockchain.

Current recommended fee - 158 sat/byte
It’s butthurt miners absolutely fuming at the block reward halving so they’re prioritising high fee transactions to try & make some money back. People are paying higher & higher fees to try & get a quick confirmation.

Edit - mempool is massive.
48,004 unconfirmed transactions, I’ve seen a lot more though during the spam attacks a few years ago.

Hmm getting close to pushing me on the lightning train, when is Andreas book on lightning coming out? Guessing a lot of people in the same boat with me, soon won't be able to afford to not use lightning

We are going to likely implement lighting network on FreeBitcoins.com altcoin exchange and build a faucet for it.

[Tash]

- A dog and three cats in the Netherlands have been infected with Corona.

Now I'm scared.

Goats and Pawpaw positive also. Good news is the motor oil is indecisive result.
https://www.npr.org/2020/05/11/854115407/tanzanias-president-blames-fake-positive-tests-in-the-spike-in-coronavirus-cases

[JayJuanGee]

however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point.

never stop learning.

Fair enough.  If all of a sudden, some very large and unanticipated expense rolled into your door.. you might have to say fuck.  And, you might have liquidate a decently large portion of your bitcoin's even though it was either last or towards the end of you liquidation list.

Nice for us to have those kinds of options, even though they do not necessarily resolve all issues that might end up coming in our direction.. including some major issues that could undermine our bitcoin stash, too..

I am in a similar situation to the one you describe and probably the solution is to sell BTC, this is the true magic of Bitcoin, the alarm light of the Fiat reserves has gone on, according to my plan, I cannot face the unforeseen and continue decapitalizing me, BTC will save my ass like other times.

No need to comment on the reason for this decision, we have enough shit in this 2020
As soon as I can recover financially, I will start buying again
Nothing changes, the same VB1, Bull, StrongHat, but practically with 0 BTC

Well, you gotta do what you gotta do, and yeah sometimes there just is not enough resources or income, and surely for some of us, we have luxuries of having a cushion.. or having had built a cushion.. but sometimes that cushion can be taken away.

There can be some benefit, perhaps, of attempting to sell on your own terms, and maybe selling now is relatively better, after a 150% bounce, rather than selling in the $4,500 territory at a time that would not have been of your choosing.

Surely, right now, is NOT likely a time of your choosing either, so then the next matter might have to do with your age (timeline) and how much time that you have in order to build your savings and investments.

When I look back at my earlier days of investing, I always thought that I was building my investments with the passage of time, but part of my building had to do with investing in my education too (which was an expense that took away from monetary investments.. causing debt)... so likely that paid off for me, but it does not always pay off for other people, and probably I got lucky because I did not even pursue my education based on considerations of making money, so in the long run, I got lucky to have been able to make money on more whimpy soft skills rather than the sciences and the other possible money-making kinds of degrees.

I feel good that I had never been forced into liquidations of various financial positions that were not at times that were somewhat under my control.... but still, it can take a real damned long time to build a financial cushion that allows NO necessity to have to dip into assets/investments that you want to keep separate from your daily/monthly expenses.

Hopefully, you can hang on to a small portion of your BTC, even if it might only be .1BTC or some other relatively modest portion...and yeah, of course, I don't even know what you are starting with.. so maybe you only have accumulated .3BTC.. so you don't really have a lot to work with... but anyhow, the punchline should ultimately be with any of us that we should be attempting to draw whatever resources that we can from other avenues rather than bitcoin and thinking in terms of sound money and there are some people who will float a certain amount of debt too, in order to maintain their BTC investment, and sure I don't have confidence about how wise it would be to go to debt first or other resources that you might have available to go to first before cashing in on your BTC, but sometimes favorable terms for debt can be made, too... or other resources...  perhaps? perhaps?  Don't know your details, of course.

[Cryptotourist]

You better be getting scared, because next it is coming after monkeys like ur lil selfie.

I get it JJJJJJJ, transistors are immune!

Code:

!Command Cooldown !cookie 5

[JayJuanGee]

You better be getting scared, because next it is coming after monkeys like ur lil selfie.

I get it JJJJJJJ, transistors are immune!

Code:

!Command Cooldown !cookie 5

Relatively speaking:  you took that well.

[Cryptotourist]

Relatively speaking:  you took that well.

#sohomo #Jfaggot
Relatively speaking, so did you:

[JSRAW]

https://youtu.be/w9GZMAcmsQo

Hodling is good

[machasm]

Green dildo
Sorry cant find the Stifler meme

[El duderino_]

Green dildo
Sorry cant find the Stifler meme

Damn my laptop ain’t close by

But stil it’s dildoing

[soullyG]

[Room101]

Just close above 10k would you, sick of this bounce off shit. I like making money when it goes up, but I like tweeting the price to Paul Krugman even more. Sometimes Schiff for shits and giggles.

[El duderino_]

Just close above 10k would you, sick of this bounce off shit. I like making money when it goes up, but I like tweeting the price to Paul Krugman even more. Sometimes Schiff for shits and giggles.

Don’t be bothered sending about BTC to some n00bs