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

[Raja_MBZ]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

[1714758354]

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[fillippone]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

According to my findings, not Satoshi's stash!
So, not even CSW finding his keys!

[sirazimuth]

sell the news....

[hodl_2015]

sell the news....

Didn't read the news yet but it's probably Trump injecting something again. Are we down because he died or because he survived ?

[AlcoHoDL]

Oh man...

Someone up that Bogdanoff meme!

[BitcoinGirl.Club]

Observing @ $9,416
Wednesday feeling has not started yet 🤪

[Last of the V8s]

Yeah no need to panic, I had to pay the doctor for my cock reduction surgery.

[ivomm]

News: some non-satoshi old coins moved. The traders:

[Raja_MBZ]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

According to my findings, not Satoshi's stash!
So, not even CSW finding his keys!

Well, even if it's not Satoshi's stash, it still makes bitcoin short-term bearish. It's not every day that someone who mined bitcoin in 2009 makes a transaction.

On this little pump, I'm thinking of going for a swing trade with a "bit" of my stash. Selling here and buying back at ~$9000 doesn't sound like a very bad idea IMO.

[Wekkel]

Got my fiat ready to buy this temporary weakness 

[JayJuanGee]

but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that.

Sounds like a crude and real world description of Gresham's law combined with reallocation motivations.

pretty much. only its done my way in my head. end result is the same(ish); get rid of the crap and convert to something that stands a chance of surviving.

interestingly enough when i was talking to the financial peeps the other day, one of them brought bitcoin up for a quick opinion on how i think its doing. we always discuss it even though he always recommends selling some off.. and thats what i pay him for, his honest opinion. he acknowledges its been the best investment hes ever seen. but its still unproven when you get right down to it. another said that cash in banks or any form is not a good place to be going forward. even the stock market is not really a safe place anymore in the timelines we discussed (as if it ever was IMO), inflation will be a killer and she cant see anyway around that. of course thats obvious to us but when financial people are getting the drift you know somethings up.

this is a very simplified version of the discussions though.

I understand.  Traditional financial people have been really having a hard time getting their mind around various aspects of bitcoin, even if they can appreciate the sound money aspects of it.

They also have some biasness to both think in terms of fee driven products, and they would not want any of their clients to go more than 1% or perhaps slightly more in some kinds of investments that do not fit within their bailiwick to manage.

I suppose that the more that they are exposed to the idea, they might be willing to accept that clients invest more than 1% into such a product and they might even begin to have exposure to some traditional vehicles, such as GBTC or some other products that are allowing them (or what they have available to them) to get involved.  We know that behind the scenes there are some well respected financial institutions , such as fidelity, that are getting deeper and deeper into bitcoin, and so credibility is coming to bitcoin through some of those earlier players who are also likely profiting more because they are figuring out some way to get into bitcoin within their traditional investment mindset (that also includes some of the encumbrances of such traditional investment systems).. whether reputation or even liabilities if something goes really wrong with custody.

Of course, with bitcoin it was designed in a way to limit the needs of various kinds of middlemen, whether we are talking banks or financial advisors.... so likely there are difficulties for even smart (and attempting to be unbiased) financial advisors to direct anyone towards a product that is somewhat intended to put them out of business (or to minimize the need for them) 

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..

yeah, we have discussed "fuck you" amounts of money here before. however i can easily see a "no, fuck YOU" looming on the horizon.

hahaahahha

You don't have to outrun the bear.  You just have to outrun your friend.   

Yes... I can see.. vapourminer that you are becoming somewhat scaredy cat by this virus and the economic macro situation... and sure I don't want to deny that we likely don't want to reach bitcoin richness or fuck you status in the midst of Armageddon, so it would be much preferable to reach such status under more normal circumstances in which the whole world is not burning down around us.

Of course, each of us has to plan accordingly, in terms of how much guns, bullets and food we need to put in storage and whether we need a bunker, based on our location including if we have options to remain a kind of obscure rich (and not a target), but also there is no real indication that the various BTC price prediction models such as 1) stock to flow, 2) four year fractal and/or 3) s-curve exponential adoption based on metcalfe and networking principles is NOT still playing out.

Sure, the price prediction models might need to be tweaked, but what the hell else are we going to invest in?  Bitcoin remains the best investment on the block, even if more Armageddon-like circumstances end up playing out way more than we would have wished them to be.. and yeah there could be some shutting down of the internet and communications, too but is that really going to bring down the value of bitcoin and our ability to store it and perhaps transmit value from time to time, as needed in it?  Yeah, sure, buy yourself some guns, bullets and maybe even a bunker, and hopefully that does not take up too much of your current resources that you cannot keep a decent amount of your value in bitcoin a the same time.. because even if our concept of "fuck you" might have changed in some ways, the concept still has not gone away, relatively speaking, when we are considering the better ways to allocate in order to maintain as many options as we can, which is still a kind of "fuck you" status, even if we might not be saying it with as much arrogance because we are afraid that the masses might otherwise attack us.. .. so yeah, during Armageddon-like circumstances, the deployment of our "fuck you" resources may likely need to be exercised with both a certain amount of covertness in order that we do not unreasonably cause ourselves to be a target through our own inabilities to hide that we might have more resources (you can hide bitcoin, by the way) than the vast majority of others.

[serveria.com]

Perhaps we can raise some money for our bro? Like donations for ex-bitcoiners who were forced to sell?  

We could have a "fallen bros" donation fund.

Like insurance for hat wearers.

What could go wrong?

Does mindrust qualify? 

[serveria.com]

Perhaps we can raise some money for our bro? Like donations for ex-bitcoiners who were forced to sell?  

We could have a "fallen bros" donation fund.

Like insurance for hat wearers.

What could go wrong?

Only if the money is spent on:

a) Hookers
b) Blow
c) Lambos

For the fallen comrade.

Agreed 

[WastedLTC]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

With a 80/20 split -- my guess is that someone professionally recovered the wallet password.    I've used a service, took 14 months to crack but they did it and took 20%.   This could be an old wallet.dat file that someone found and didn't have password. 

[JayJuanGee]

Also it's 2MB. Remember? We had that whole civil war on the best way to increase the size?

look at you, Ibian.. 

still whining.. even though somewhat subtly..... kind of like jbreher.. but maybe even more subtly than him....  because you know you will be beat, until your morale improves.. if you whine more outrightly...


 

[Biodom]

I remember some of you guys used to grin a lot... How's your sh!tcoin doing?


18 Months In, Few People Use, Mine or Buy Privacy Coin Grin

https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

Not sure why you are so up in arms because of a $20-30mil market cap alt.
Nobody really bought it, but you could have mined it on a video card, which is not really possible with other coins.
It's too difficult to use, hence it is mostly a developer toy. Plus, it has high inflation in a first few years as supply is growing linearly (at around 63 mil/year).
Not really anonymous, either.

Yeah.  People do not understand that the innovation in MimbleWimble is not the "privacy", but the potential for scaling with a lightweight blockchain.  I think that is why so many bitcoin talk OGs were interested.

But it is unproven tech, and  Grin is the proving ground for better or worse.

It's economics are also interesting.  And in some ways obviously not designed for competition with BTC.  I have never mined, nor bought a single pip of Grin, myself.

I find people's obsession with alts failing to be a telling thing about someone's security when it comes to Bitcoin's place as the lindy project with network effect.

In the end we HAVE to do the experiments.

Some coin HAS to try to be a world computer and do all calc on chain. (ETH)
Some coin HAS to have no blocksize limit and store all kinds of data on chain and centralize. (BSV)
Some coin has to have inflationary monetary policy. (Doge?)
Some project has to have an opaque base layer, and be capable of truly private use. (Monero?)
ETC ETC ETC
Grin gets to try to prove out mimblewimble.

And then there are all the projects that have no purpose because they try to compromise on one or more of those aspects in the name of "moderation" (BCH?).  

We simply cannot live in a world where BITCOIN exists as an open source distributed ledger tech attempting to become money where competing forks and copycat software does not exist.  Can't have both of those things.

It sucks for those of us old enough to have less life left to live as this stuff works itself out... but it has to work itself out.

My bet is on Bitcoin.  (Well, and I do keep a Monero side bet so to speak...  I just list that here to make JJG froth)

I would refer to this as a @cAPSLOCK conjecture: we HAVE to do experiments while betting on bitcoin (and others, as a side bet, if you are pleased to do so and in moderation).

[psycodad]

Honestly, if you need transactions to clear really quickly I'd suggest using litecoin at this point.

Yes, it's a shitcoin, but if you've got a hooker in your room, she's done her job, and you want her gone (that's why you pay hookers: To leave) a 2.5 minute confirmation time is of high value. Right now standing around for 30 minutes doing idle chitshat is not worth any amount in fees :-)

Bitcoin transfers are instant.

Care to elaborate? Or are you just trying to grind lightfoots gears?

What is the question? The transfer happens immediately. The processing before it can be sent somewhere else takes a little while. Payment does not need processing for the payment to happen.

So you are basically saying accepting payments once they are in the mempool is fine, waiting for confirmations is for sissys?

Good luck then with your funds.

Happens all the time. I do it, people I know do it, Cheapair does it. Last time I bought plane tickets I bought one part of the trip with plastic and another with bitcoin. Bitcoin confirmed faster.

Do you think Cheapair wouldn't just redraw your ticket if your transaction had not confirmed once the time for delivery of goods (you boarding their flight) has come?
Wake me when you have boarded a flight while your payment has still 0 confs.

[xhomerx10]

Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

[JayJuanGee]

 I just list that here to make JJG froth)

There can be more than one reason that any given person might froth at any given moment.



In other words, my happen to have been frothing at the same moment that you happened to have submitted your post happened to have been a mere coincidence.  So there!!!!!

[sirazimuth]

Didn't read the news yet but it's probably Trump injecting something again. Are we down because he died or because he survived ?

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

According to my findings, not Satoshi's stash!
So, not even CSW finding his keys!

sell the news....

News: some non-satoshi old coins moved. The traders:

Yeah, that news.