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

[JayJuanGee]

Great research from Fidelity re institutional crypto adoption!

https://finance.yahoo.com/news/fidelity-says-third-big-institutions-123218608.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvL0JiUXdXQ0dqRzc_YW1wPTE&guce_referrer_sig=AQAAAMluskzegqO4yZR8wHtlyvKb93bNcfkFUHdGfyFKvDOPn4bLcYH6jp5F6cJjAeSh77gxWaboJKSjV0hP4pO5VQCdRAFzXDgfse7LppFS0bCpoWWsguKw4Jqk3gU6Zb2uSTSi8tsiwJK7DcxNLpQfRwCymo9KyJaW_Ffn5qcweje6

There was a similar article posted by Biodom yesterday, and I posted an expression of some my reservations in response to that Biodom post.

[1713908101]

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[1713908101]

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[LUCKMCFLY]

Great PlanB update

#Bitcoin S2FX Phases
1: Pizza, GPU miner, Silk Road, MtGox
2: >$1, Wikileaks, Satoshi Dice, Coinbase, Halving1
3: >$100, Cyprus, Bitstamp, Ulbricht arrest, MtGox default, XT fork, Halving2
4: >$1000, JPN&AUS legalize BTC, Altcoins/ICO, BCH/SV forks, Segwit/LN, Futures, Halving3

Source: https://twitter.com/100trillionUSD/status/1270657411167203335

I still dont get why they were cheering for the red dot appearance... when it was only a matter of time (and no price related)

wait.. are we cheering for the time passing by?  Staying  alive.. staying alive..

You are right, but the red point from a "pattern" point of view is that it could be repeated or not, what happens is that volatility and the fact that the market is something unpredictable does or does not occur. In the same way, that expectation is still open, it has not been closed yet.

[JayJuanGee]

I mean, even if you don't agree to meet with any of us shorter-term WO plebs personally, I hope that at least you will allow some of us to visit your island, and maybe provide free appetizers?  No pressure.

 

I am a simple man Jay, with fairly simple tastes in life.  And have little need for much possessions.  And aside from probably NOT being in the "can buy an island if bitcoin does one or two more runs" category, I'd likely not buy one even if I could.

That said, there is no doubt that I could pick up a vegetable tray or salami platter from Krogers on the way to a WO meetup some day if that mythical event ever happens.  I mean... I'm even good for that if bitcoin only goes DOWN from here...

Not enough to buy an island, but enough to buy a food platter whether BTC prices go up or not...

What to make of it?

I will have to ponder the matter longer, and maybe some day, I could formulate a witty response.

You have truly and literally stumped the chump, this time.  

[Toxic2040]

Must be nice to work in a "team of in-house research experts".

I am pretty sure somebody here could post a truly adequate photo which relates to the topic: a "team of in-house research experts".
 

Team of in-house research experts looks something like this:



It's an idea that composes every peep.. peep, peep, peep...

wrong wrong wrong...your doing it wrong...in house experts should resemble this

[VB1001]

Bitcoin Optech Newsletter #101
Jun 10, 2020

This week’s newsletter links to a blog post and paper about using eclipse attacks against Bitcoin software in order to steal from LN channels and describes the history and impact of a fee overpayment attack that affects hardware wallets. Also included are our regular sections with the summary of a Bitcoin Core PR Review Club meeting, descriptions of recent software releases, and summaries of recent changes to popular Bitcoin infrastructure projects.

Action items
● Check hardware wallet compatibility: if your software or your processes allow using hardware wallets to spend segwit inputs, check whether your system remains compatible with your wallet’s latest firmware update. For example, Trezor’s latest firmware requires software interfacing with it to be upgraded to continue handling segwit inputs; Ledger’s latest firmware will print a warning when processing segwit inputs received from non-updated software. Other hardware wallets may release similar updates in the future; contact the manufacturers for more information about their plans. See the News item below about the fee overpayment attack for the motivation for this change.

https://bitcoinops.org/en/newsletters/2020/06/10/

[Karartma1]

Must be nice to work in a "team of in-house research experts".

I am pretty sure somebody here could post a truly adequate photo which relates to the topic: a "team of in-house research experts".
 

Team of in-house research experts looks something like this:



It's an idea that composes every peep.. peep, peep, peep...

wrong wrong wrong...your doing it wrong...in house experts should resemble this

You guys made my day! 

[Hueristic]

Acid is a young persons game. After you get the message, hang up the phone.

I can't agree with you there Jimbo. I'm far from young and still use it. I find that the message changes over time. You could say it gives you the message you need to hear at the time.

Once you understand the universe you really don't need any more knowledge.

You haven't gotten the full picture yet.

Oh, I understand the universe as well as anyone can. Lots of help from meditation and psychedelics in that regard. However, I'm far from being able to claim omniscience. Anyone who claims to have the full picture most definitely does not have the full picture.

Understanding how is not really the important part, understanding why is and if you understand that then feel free to share.

There's just too much to say on this. I didn't mention "how" and understanding "why" is a whole book in itself. And everyone's "why" may be different, so I would just say that everyone should go try some psychedelics and see where it leads them. Feel free to share your thoughts though, I love hearing of others' experiences with this.

As you stated, I don't have the time to write a book.
Satoshi's comment would certainly apply here.
If I had JJGs proclivity I would take a stab at it. Lol

Must be nice to work in a "team of in-house research experts".

I am pretty sure somebody here could post a truly adequate photo which relates to the topic: a "team of in-house research experts".
 

[VB1001]

https://i.imgur.com/b0S2LYL.gif

[OutOfMemory]

Acid is a young persons game. After you get the message, hang up the phone.

I can't agree with you there Jimbo. I'm far from young and still use it. I find that the message changes over time. You could say it gives you the message you need to hear at the time.

Towards the end of my experience with it the message was "You are going to lose your mind if you keep going down this path".  Ha.

Losing your mind (ego) is not the most bad experience. Even if it slowly comes back, you should be able to clearly separate it from the "me" (or "you", or "self"...) from then on. If you got a good "mentor" you likely won't go nuts because you don't know what's going on and you start to panic. If you are left alone in that state, you might be fucked for a while in your old, "normal" life.
(Now i tried to elaborate some details, but i failed three times, so i gave it up and deleted it all).
People who experienced and embraced it know what i mean  

I got a similar message from Nitrous. One odd thing about N2O is I go back and forth in time to every other time I have done or will do Nitrous and get to chat with myself. Very odd, but on one of the last trips I got the message: THIS IS A TRAP! from the future and gave it a rest.

Fascinating stuff. Only drug that can take you to the highest levels of a 5-MEO-DMT trip (another story), then 5 minutes later you are totally back to normal.

Is this like an oxygen rush (get on your knees hyperventilate for a minute and stand up, pressing the full lungs into your closed mouth and nose), but longer lasting?
Like inhaling a couple of the contents of the mini gas tanks you screw into these "cream gun bottles"? (for lack of a precise term)

[Paashaas]

British anti-racism protestors call for destruction of Giza Pyramids.

[Toxic2040]

https://www.federalreserve.gov/newsevents/pressreleases/monetary20200610a.htm

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken to protect public health have induced sharp declines in economic activity and a surge in job losses. Weaker demand and significantly lower oil prices are holding down consumer price inflation. Financial conditions have improved, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.

The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. In light of these developments, the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.

The Committee will continue to monitor the implications of incoming information for the economic outlook, including information related to public health, as well as global developments and muted inflation pressures, and will use its tools and act as appropriate to support the economy. In determining the timing and size of future adjustments to the stance of monetary policy, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.

To support the flow of credit to households and businesses, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities at least at the current pace to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions. In addition, the Open Market Desk will continue to offer large-scale overnight and term repurchase agreement operations. The Committee will closely monitor developments and is prepared to adjust its plans as appropriate.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Loretta J. Mester; and Randal K. Quarles.

Implementation Note issued June 10, 2020
Last Update: June 10, 2020

brrrrrrrrrrr

[Biodom]

WTF, Tesla stock. W.T.F.

Terrifying for the poor pleb investors.

I refused to be a fool, dancing on the string held by all those big shots...in Godfather's scratchy voice and caressing my 2 day stubble.

That said, at least it is not officially bankrupt yet.

[LUCKMCFLY]

Block cycle ...

#bitcoin 210,000 block cycle

Source: https://twitter.com/ChartsBtc/status/1270726035319910402

[Hueristic]

WTF, Tesla stock. W.T.F.

Terrifying for the poor pleb investors.

I refused to be a fool, dancing on the string held by all those big shots...in Godfather's scratchy voice and caressing my 2 day stubble.

That said, at least it is not officially bankrupt yet.

If Tesla ever even hints at bankruptcy I'm buying as much of it as I can!

[cAPSLOCK]

I mean, even if you don't agree to meet with any of us shorter-term WO plebs personally, I hope that at least you will allow some of us to visit your island, and maybe provide free appetizers?  No pressure.

 

I am a simple man Jay, with fairly simple tastes in life.  And have little need for much possessions.  And aside from probably NOT being in the "can buy an island if bitcoin does one or two more runs" category, I'd likely not buy one even if I could.

That said, there is no doubt that I could pick up a vegetable tray or salami platter from Krogers on the way to a WO meetup some day if that mythical event ever happens.  I mean... I'm even good for that if bitcoin only goes DOWN from here...

Not enough to buy an island, but enough to buy a food platter whether BTC prices go up or not...

What to make of it?

I will have to ponder the matter longer, and maybe some day, I could formulate a witty response.

You have truly and literally stumped the chump, this time.  

This was exactly the position I wished for you to be in after my posting.  I see no reason to divulge in any way or to any extent how many bitcoin I hold. But unfortunately another effect of having been in the space for so long there is no doubt that just about all my holdings are known thanks to my reuse of addresses in early days and my various counterparties over the years.  Oh well...  This is also why I think Monero actually has a use case.

[JayJuanGee]

As you stated, I don't have the time to write a book.
Satoshi's comment would certainly apply here.
If I had JJGs proclivity I would take a stab at it. Lol

Protip:  I do highly recommend the hunt and peck method.

[Torque]

WTF, Tesla stock. W.T.F.

Terrifying for the poor pleb investors.

I refused to be a fool, dancing on the string held by all those big shots...in Godfather's scratchy voice and caressing my 2 day stubble.

That said, at least it is not officially bankrupt yet.

A company that has operated in the red for its whole existence *is* bankrupt.

Tesla is not a company though, it's an R&D division funded by taxpayers. Therefore it will never go "bankrupt".

[willope]

CUM ON BOY! Now's the time!
10K

[Hueristic]

Just checked, 9999 looks damn cool but I really miss 20k.

[cAPSLOCK]

British anti-racism protestors call for destruction of Giza Pyramids.

That actually is the dumbest thing I have seen at least this year.

Jesus take the damn wheel...