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

[Dabs]

He is still being deceptive or misleading (or implying whatever it is he seems to be implying) about the whole thing, while claiming or stating the "facts" and denying it. He's in a very difficult position to be in.

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[1713491258]

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[hv_]

Fake dump gentlemen 

Due to that?

https://www.cftc.gov/PressRoom/PressReleases/8201-20

[Lucius]

Due to that?

Probably because Trump got up on his left foot and now has a bad day because all those Twitter accounts get hacked, so he wonders if he is next🤳


Source

[JSRAW]

Vegetarian menu tonight...

Google translation : No Sex tonight

[LFC_Bitcoin]

When five digits, FFS?

[JSRAW]

[wxa7115]

Now you understand why I said that? Mainstream media has always been against Bitcoin because they clearly don't understand what it does.

You are not giving enough credit to the mainstream media, they know very well what they are doing, they do not care why bitcoin was created or its goals or what great things the people in the community are doing, what they care about is that this puts at risk the government they desperately need for their funding, the mainstream media is slowly losing its power as people prefer to read alternative sources, however they are still very powerful and the government pays big bucks to them to spread whatever news they want.

The media is supposed to be independent and be impartial but when they receive most of their funding from their government then their role is usurped and they become nothing more but a propaganda machine.

[Dorodha]

It is fascinating to take note of the fact that #Bitcoin excavators have surpassed 80% of the all the bitcoins that will ever be in presence.

Bitamp twitter posted latest bitcoin grouth surpassed 80% it is true bitcoin growth increased day by day In other words, I think that Bitcoin may have become much more popular than before. For the last 2 days, a lot of people think it is bad but I think after the bad news Bitcoin will be more acceptable to people.





If we look at the picture above, we can see that Bitcoin has been going down for some time but hopefully if it doesn't stay below $9K for a long time, bitcoin price will probably go up a lot around $10k or higher. But now we just have to wait and see exactly where Bitcoin actually stands.

[dragonvslinux]

Bitamp twitter posted latest bitcoin grouth surpassed 80% it is true bitcoin growth increased day by day In other words, I think that Bitcoin may have become much more popular than before. For the last 2 days, a lot of people think it is bad but I think after the bad news Bitcoin will be more acceptable to people.



If we look at the picture above, we can see that Bitcoin has been going down for some time but hopefully if it doesn't stay below $9K for a long time, bitcoin price will probably go up a lot around $10k or higher. But now we just have to wait and see exactly where Bitcoin actually stands.

Each bounce from $9K is getting weaker and weaker creating lower highs (bulls losing momentum each time), I think $9,250-$9,300 level will be the next high from here imo:

Another re-test of triangle resistance (at best) then a move downwards is my 70% assumption, in order to re-test ascending support trend-line and flip it to resistance:

   

Still hodling my main stash, but now set limit sells on my alts/btc, then ideally shorting this triangle once it confirms and I get my trading account back into btc 
Ain't saying no to a 11% target with a small dose of leverage, has been a while 


Edit: This was my previous TA expecting a bounce from $9K with a bull-trap to $9.4-9.5K within the bearish channel of the past 6 weeks. I'm not always right by any means, but I can usually find beairsh trend changes.

If there's already been bear traps, and it looks like another bear trap, it's probably a bear trap. Followed by a nasty bull trap:

Not so much bullish trend-changes, but I'm starting to feel the same September 2019 warning signs; that of a descending triangle that waiting to break-down in a hurry with a return of volume & volitility:

[cAPSLOCK]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

[d_eddie]

Not Sunday, I know
haikus allright on weekdays?
When moon, when lambo?



#haiku

[d_eddie]

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

This.

Jbreher can say all he wants about 30-lane highways. If it's managed by a single company - or even worse, by a government indirectly - I'm not taking that highway.

[nutildah]

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

Well said. A blockchain whose eventual goal is to be measured in petabytes is inherently centralizing, as is one where transactions can be reversed by a single entity.

[Toxic2040]

good morning

Back to say hello to our old friend vegeta, bitcoin is currently trading at $9.1kish. #dyor

bear pokes head over gunwale
1h


jump the hedge
4h

#stronghands

[hv_]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

Cause there is nothing such as decentralized

There is only open to join mining an compete for incentives, nobody should ever change the rules

And with incentives there is responsibility and nothing out of law

But meh

[Biodom]

Fake dump gentlemen 

Due to that?

https://www.cftc.gov/PressRoom/PressReleases/8201-20

old news

[LFC_Bitcoin]

@pierre_rochard
Yesterday's twitter hack was excellent publicity for #Bitcoin .

It sent three messages to the world:

1. Bitcoin is valuable.
2. Bitcoin has utility.
3. Bitcoin is more secure than centralized systems like Twitter.
https://twitter.com/pierre_rochard/status/1283806485206761472?s=21

[cAPSLOCK]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

Cause there is nothing such as decentralized

There is only open to join mining an compete for incentives, nobody should ever change the rules

And with incentives there is responsibility and nothing out of law

But meh

That's a red herring.

That's like saying the kitchen table is never perfectly clean, so I might as well take a huge steaming dump on it.

The goal is to move as far in the decentralized direction as possible.  Perhaps like "trust minimized" we should say "centralization minimization".

But I do not know why I am talking to you.  You are just parroting the talking points of your puppet masters.

[infofront]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized.  

Period.

Cause there is nothing such as decentralized

There is only open to join mining an compete for incentives, nobody should ever change the rules

And with incentives there is responsibility and nothing out of law

But meh

That's a red herring.

That's like saying the kitchen table is never perfectly clean, so I might as well take a huge steaming dump on it.

The goal is to move as far in the decentralized direction as possible.  Perhaps like "trust minimized" we should say "centralization minimization".

But I do not know why I am talking to you.  You are just parroting the talking points of your puppet masters.

Even Satoshi wrote that bitcoin mining will be controlled by a few massive data centers. If that happens, it's logical to think that these mining operations will be bound by regulations such as all the US FATCA/AML/sanctions bullshit. In other words, mining will be somewhat centralized and subject to a certain amount of government control.

I'm not entirely sure that's an inevitability, as BSVers are wont to think. It does seem to be heading into the direction of centralization though. It's not promising that the majority of mining is done in an evil, totalitarian shithole.

[Phil_S]

National security secrets on Twitter? Haha, I don't think so.

Could have started a few international incidents tho.

Imagine some Presidents and PMs throwing insults, even declaring a war or two.