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

[Ibian]

You know what gets me with all these TA?
Most,if not all that I have listened to (and I do try to understand and listen) have been saying that there is going to be a big move in one direction or another (you would think that this would be a sure thing with bitcoin considering its volatile past) and yet it has traded sideways pretty much for a month now proving everyone wrong (Honey Badger dgaf).
No doubt when it finally does make a move some TA guru is going to say he was right.

Wrong timescale. Look at the yearly candles.

I don't know if it will rain tomorrow. But I will bet any amount you like that it will be colder six months from now.

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[Biodom]

Interesting thoughts about whether we would keep human form or evolve into a "connectome".
https://www.wsj.com/articles/looking-forward-to-the-end-of-humanity-11592625661   [could be a paywall, but not for me]

During the months of lockdown, a sharp division emerged between people who work with information—images, words, numbers—and people who work with objects—shelving groceries, delivering packages, nursing the sick. The former can shelter in place and communicate through screens, but the latter have to venture out into the physical world, putting themselves at risk of infection...
...As technology makes it possible to escape more of the burdens and dangers of physical existence, this class and professional divide could deepen into an existential one, with a virtual elite being served by an embodied working class....

2030-2040ish...sitting on a balcony in a citadel's loft...powering up Ryzen 700...activating avatars...checking night's account activities...the day's work is done.
Profit re-invested in more assets. Sent connectome 239/EAG beam to the Mars colony to see how it could venture there.

[Ibian]

Interesting thoughts about whether we would keep human form or evolve into a "connectome".
https://www.wsj.com/articles/looking-forward-to-the-end-of-humanity-11592625661   [could be a paywall, but not for me]

During the months of lockdown, a sharp division emerged between people who work with information—images, words, numbers—and people who work with objects—shelving groceries, delivering packages, nursing the sick. The former can shelter in place and communicate through screens, but the latter have to venture out into the physical world, putting themselves at risk of infection...
...As technology makes it possible to escape more of the burdens and dangers of physical existence, this class and professional divide could deepen into an existential one, with a virtual elite being served by an embodied working class....

2030-2040ish...sitting on a balcony in a citadel's loft...powering up Ryzen 700...activating avatars...checking night's account activities...the work's day is done.
Profit re-invested in more assets.

No, we are going to have yet another soviet style collapse, or possibly a roman-level one, and hundreds if not a thousand years of darkness. Ignore the sci-fi nerds.

That said, if you like this kind of thing then look up Man after Man.

[Icygreen]

I’ve tried it all but I’m old school and still think smoking flower is the way to go. I don’t even mind cotton mouth or coughing for 5 min because I held my breath too long. When I say old school I mean I’m fucking older than dirt. Currently my main pastime is looking up how many of my favorite entertainers are dead. I almost cried when David Bowie died. I saw him in concert over 30 times. I’m embarrassed to say how many times I’ve seen Rush perform and now Neil Peart is dead. No chance of a reunion concert for Rush now. LOL I smoked my first bud of Columbian gold in 1975 while watching Chevy Chase on SNL. I bet I made hash brownies before you were born. Extracts are fine and most of the peeps I know vape but it’s not for me.

Older than dirt? What does that make me? You reminisce about Bowie and Rush concerts. For me it was the Beatles and early Grateful dead.

I agree about bud, mostly. My only exception is high-quality hashish. I don't mean some lame Nederhash or bubble hash made from high-THC hydroponic buds. I mean hand-rubbed Nepalese, Kashmiri, or Indian or heat-processed sifted Afghani (preferably Mazar-i-sharif) or Lebanese (Beqaa Valley) from landrace plants, with enough CBD to balance out the THC and give a nice relaxing, happy high. I can even enjoy a better-grade Jamaican gum.

Coughing for 5 minutes? I agree. You've gotta cough to get off. My days of pipes, bongs, vapes, bottle tokes and hot knives are definitely over. I prefer a well-rolled single-paper joint. Weed should be medium chopped with scissors. Budbusters suck. Hash should be lightly heated and crumbled with a small amount of the mildest tobacco. I quit smoking cigarettes 35 years ago but I didn't stop using a little tobacco in my hash doobs.

I don't like eating weed or hash. It makes me sleepy and it's easy to miscalculate doses. The only thing I eat is CBD oil (THC-free) which I use sub-lingually in Mexico to keep my CBD levels up. Cannabis is still illegal here but I can legally buy imported CBD oil.


Back in the day, I used to love the acetylated isomerized honey oil that made you close to psychotic on a pinhead-sized droplet. Now I've put that behind me just like milligram acid doses or peyote doses measured in ounces. Time moves on.

Ok, I’ve learned two things about you. You are an old fucker like me and a connoisseur of the finest herb. I’m not too young for the Beatles or the Grateful Dead I just never liked them (sorry, I know if you’re a deadhead you now want to do me physical harm, lol).

I got hold of some blond Lebanese hash in the 70s and don’t remember two months of my life. I passed out in a park in Downtown Orlando, Florida and woke up in Montgomery, Alabama two days later. You really need to move to a place where herb is legal. It’s an awesome experience to walk into a store and choose to sample from a selection of some great Sativa, Indica or hybrid flowers. They sell handrolls at a shop near me that are nearly an 1/8th and only cost $20. I haven’t heard anyone talk about pinhead T in 40 years. You are old as fuck. LOL

Didn't understand the physical harm part but man, what I'd do for another dead show followed by a 2 week rainbow gathering.  Not as old as you guys but I still lament the passing of these great icons and some of the free-est times I remember. As least we drugs won the war on drugs  
That still makes me happy. Happy solstice.

[JimboToronto]

You really need to move to a place where herb is legal. It’s an awesome experience to walk into a store and choose to sample from a selection of some great Sativa, Indica or hybrid flowers. They sell handrolls at a shop near me that are nearly an 1/8th and only cost $20. I haven’t heard anyone talk about pinhead T in 40 years. You are old as fuck. LOL

Yep. I'm a child of the 1940s... old as fuck. My 44-year-old wife helps keep me young though.

I don't have to move to a place where herb is legal. We're heading back to Toronto in a week and a half. We only came to Mexico to escape winter but ended up extending our stay this year because of Covid-19. We figured we'd be safer in our remote jungle village than traveling through international airports to downtown in a big city. Now it's starting to reach our area and meanwhile the numbers are going down in Toronto. It's time to fly back up.

I don't generally use cannabis shops. Their quality is too low and their prices are too high for me. I'm spoiled. With over a half century's worth of connoisseur-grade connections, I get only the best. I still prefer Friesland Indica bud, greenhouse grown in The "Golden Triangle" south of Montreal, and Shirak-i-Mazar (jooshi garda) from Balkh northwest of Mazar i Sharif, Afghanistan. Yum. Can't get either at the legal shops.

It's nice to see decriminalization and outright legalization happening in so many places though. Now average people can get good, clean product for a reasonable price without having to deal with sketchy people. It took many years and many of us had to take ridiculous chances and put up with a lot of BS, but we finally won out. We won the War on Drugs Pot.

This is why I hold Bitcoin. When something is righteous, time is on your side.
_____

Edit:

I wouldn't mind winning the War on Drugs. Too many people die and have their lives screwed up by opioids, benzos, bad stimulants and other dangerous drugs.

The answer is not illegality and prosecution though. It is education, availability, quality control and social pressure. Take it out of the hands of the criminals.

[JayJuanGee]

I got hold of some blond Lebanese hash in the 70s and don’t remember two months of my life. I passed out in a park in Downtown Orlando, Florida and woke up in Montgomery, Alabama two days later.

Oh  That's what happened to you. 

[lightfoot]

Interesting thoughts about whether we would keep human form or evolve into a "connectome".
https://www.wsj.com/articles/looking-forward-to-the-end-of-humanity-11592625661   [could be a paywall, but not for me]

During the months of lockdown, a sharp division emerged between people who work with information—images, words, numbers—and people who work with objects—shelving groceries, delivering packages, nursing the sick. The former can shelter in place and communicate through screens, but the latter have to venture out into the physical world, putting themselves at risk of infection...
...As technology makes it possible to escape more of the burdens and dangers of physical existence, this class and professional divide could deepen into an existential one, with a virtual elite being served by an embodied working class....

2030-2040ish...sitting on a balcony in a citadel's loft...powering up Ryzen 700...activating avatars...checking night's account activities...the day's work is done.
Profit re-invested in more assets. Sent connectome 239/EAG beam to the Mars colony to see how it could venture there.

Eloi, meet Morlock.

[Wekkel]

Meanwhile: a small pump 

[ivomm]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

I'm really excited by this news. 325 million users is a big number! In comparison, Coinbase has 30 mil accounts. This is huge indeed! It is better than ETF, which would give too much power into the hands of the institutions. While 325 mil potential buyers is another level of mass adoption.  Think about all those people who are banned from exchanges or just don't know about them - they can use paypal now to buy/sell and withdraw directly to their bank accounts or credit cards. It took me over a year to study the safety of the various exchanges before I started buying on them. During that time I used paypal and localbitcoins. In this situations are tens of millions worldwide. I know from my conversations with young people, that they are confused  how to buy and store bitcoins. At the same time almost everyone uses paypal. And paypal will profit from it too, since many asians will open accounts to avoid the ban in their countries.

P.S. It seems to me that the last pump started minutes after the article appeared on coindesk. May be some traders are starting to realize the significance of this news. Even while I am writing this, the price increased with another $100.  

[becoin]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

I'm really excited by this news.

Nothing to be too much excited at. Status quo gatekeepers will offer us everything they can think of just to part us from our bitcoins.

[ivomm]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

I'm really excited by this news.

Nothing to be too much excited at. Status quo gatekeepers will offer us everything they can think of just to part us from our bitcoins.

How this would force us to sell our bitcoins? I don't understand. Please, elaborate.

[becoin]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

I'm really excited by this news.

Nothing to be too much excited at. Status quo gatekeepers will offer us everything they can think of just to part us from our bitcoins.

How this would force us to sell our bitcoins? I don't understand. Please, elaborate.

Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.”

[Torque]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

Big.

More like weird.

Here's the announcement people expected to hear:


"SCOOP: Fintech giant @PayPal plans to offer direct sales of the direct buying of goods and services using cryptocurrency to its 325 million users, according to three people familiar with the matter."

Aren't you getting the horse before the cart there?  How are noncoiners going to buy anything with Bitcoin if they don't have any?  And why wouldn't this be the first step for paypal?

Well it would be cool if they allow PayPal users to convert some of their account money to Bitcoin. But without being able to use it from there (aka spending it directly on goods/services), then what good does that do? It's just going to sit in their account? Big whoop. Not sure I'd trust them either, as they would probably fractional reserve the shit out of people's wallet accounts, like Robinhood and all the other brokers/exchanges do.

And will they even allow selling Bitcoin from PayPal accounts as well? If not, that's even more of a hassle because users will need an outside broker account like Coinbase or Gemini to sell Bitcoin for fiat.

[QuestionAuthority]

You really need to move to a place where herb is legal. It’s an awesome experience to walk into a store and choose to sample from a selection of some great Sativa, Indica or hybrid flowers. They sell handrolls at a shop near me that are nearly an 1/8th and only cost $20. I haven’t heard anyone talk about pinhead T in 40 years. You are old as fuck. LOL

Yep. I'm a child of the 1940s... old as fuck. My 44-year-old wife helps keep me young though.

I don't have to move to a place where herb is legal. We're heading back to Toronto in a week and a half. We only came to Mexico to escape winter but ended up extending our stay this year because of Covid-19. We figured we'd be safer in our remote jungle village than traveling through international airports to downtown in a big city. Now it's starting to reach our area and meanwhile the numbers are going down in Toronto. It's time to fly back up.

I don't generally use cannabis shops. Their quality is too low and their prices are too high for me. I'm spoiled. With over a half century's worth of connoisseur-grade connections, I get only the best. I still prefer Friesland Indica bud, greenhouse grown in The "Golden Triangle" south of Montreal, and Shirak-i-Mazar (jooshi garda) from Balkh northwest of Mazar i Sharif, Afghanistan. Yum. Can't get either at the legal shops.

It's nice to see decriminalization and outright legalization happening in so many places though. Now average people can get good, clean product for a reasonable price without having to deal with sketchy people. It took many years and many of us had to take ridiculous chances and put up with a lot of BS, but we finally won out. We won the War on Drugs Pot.

This is why I hold Bitcoin. When something is righteous, time is on your side.
_____

Edit:

I wouldn't mind winning the War on Drugs. Too many people die and have their lives screwed up by opioids, benzos, bad stimulants and other dangerous drugs.

The answer is not illegality and prosecution though. It is education, availability, quality control and social pressure. Take it out of the hands of the criminals.

Keep on truckin dude.

[ivomm]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

I'm really excited by this news.

Nothing to be too much excited at. Status quo gatekeepers will offer us everything they can think of just to part us from our bitcoins.

How this would force us to sell our bitcoins? I don't understand. Please, elaborate.

Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.”

I think it is obvious that anyone  used to direct buys/sells on exchanges or OTC won't be lured to sell on paypal. It is by no means safer. But this will offer a simple exposure to Bitcoin for the average Joe who is using paypal anyway and doesn't know a thing about Coinbase or Bitstamp. Moreover, iranians, chinese, indians, etc. are trying to avoid the ban of the crypto exchanges in their countries by using paypal and localbitcoins. The problem is that localbitcoins trades are of incredibly small volume.  Even in some European countries like Bulgaria all crypto exchanges are banned from most of the banks. Paypal is not banned and never will be. In this sense I said this is another level of mass adoption. Not that I care about the current pump or what traders/fudsters think.

[lightfoot]

Meantime this guy seems to get it:

[becoin]

https://twitter.com/CoinDesk/status/1275111596801417218

"SCOOP: Fintech giant @PayPal plans to offer direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter."

https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling

I'm really excited by this news.

Nothing to be too much excited at. Status quo gatekeepers will offer us everything they can think of just to part us from our bitcoins.

How this would force us to sell our bitcoins? I don't understand. Please, elaborate.

Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.”

I think it is obvious that anyone  used to direct buys/sells on exchanges or OTC won't be lured to sell on paypal.

People won't be lured to sell on pypal. People will be lured to give paypal their bitcoins and in exchange paypal will give them bitcoin IOUs. This is exactly how people will be parted from their bitcoins!

[Icygreen]

https://twitter.com/king_krus/status/1275139307574099974

[Toxic2040]

#dyor
4h


D

#stronghands

[lightfoot]