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

[Toxic2040]

ok guess i need to forecast some numbers

up to 14k and down to 10k by november.

and if not i will..... er.. continue to shitpost.

+1 WOsMerit


its about all we can do for now


-------
bitcoin

Continued slow sideways crawl towards August and possibly until the November elections in the USA.

#dyor
1h


4h


20 60 120 30 cloud
D classic


D zoom 20 60 120 30

#stronghands

[Toxic2040]

how many more weeks until Au hits 2k?  almost feel like i need a roach post saying i told you so

[DaRude]

I get all that, but this is not an argument of exchange vs. no exchange, even when you decide to use an exchange, you do have other options. Why not use exchange (with all the same issues/risks as above) but doesn't have a history of trying to fuck BTC any chance they get? Kraken/Gemini have all the same issues but don't seem to actively go out of their way to screw with BTC

[re:coinbase]

i was/am planning on opening a gemini account but last i went to join they wanted my login to my bank. no thanks, coinbase does the two random transaction and you just confirm them. did that like 7 years ago and been there ever since.

yeah they are getting draconian. but its solely an on/off ramp for me. i dont send/receive coins to <wherever> from coinbase (ie i dont use it as a wallet). i xfer out when i buy, xfer in when i want to sell. doesnt mean they cant freeze it if they dont like where they came from. i have signed messages for some coins - mining payout addys mainly - if needed (never needed to show that though), and coinbase supplied the others.

and i do keep a bit there for trading. such as it is lately.

but youre absolutely right, coinbase is going downhill as far as snooping/chainanalysis/tracking and such. government must be loving it.

And for some reason you're supporting/funding those efforts. Here i googled this for you

...or if you’d prefer to not use your credentials, please select ‘Manually link bank’ to manually enter your banking information.

https://support.gemini.com/hc/en-us/articles/360033424912-How-do-I-add-a-bank-account-to-my-sub-account-

If you’re unable to add your bank account through Plaid (our 3rd party provider), then you’ll need to initiate a wire transfer to verify your bank.

https://support.gemini.com/hc/en-us/articles/115005752603-I-m-having-trouble-adding-my-bank

Looks like conbase is also using Plaid now, unfortunately privacy isn't free

[cAPSLOCK]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those "neckbeards" created bitcoin to protect against the centralist bankers that BSV is bootlicking.

It also hurts my soul that JB is parroting the talking points of the BSV drones. I mean, it's one thing if the argument is valid. But this is just as bad as the "thousand socks of nullc" talking point (quite the neckbeard by the way...).

And that's just it.  No one is making a coherent argument for that fork.  They bring up "protocol set in stone" as they change it.  They fall back on "Law(l) and courts".  Often you get to hear the "So many people are not smart enough to get it" or the "DYOR" argument.  The the abominable "CSW is SN" garbage.

Another one of my favs is Calvin running around accusing people LEFT AND RIGHT of being paid trolls.  I think Kevin Pham was OBVIOUS in that regard, and I have my suspicions that possibly Daniel Krawictz also was in that category.  I have NO DOUBT that various twitter "influencers" received compensation for something like that.  And his proclaimations of paid trolls sort of ignores the FACT that Bitcoin niether NEEDS or even cares about paid trolls.

What bitcoin HAS done is chew up and spit out just about everyone who has ever either purposefully (Pirate@40, so many others) or accidentally (Carpeles) attacked it.

[BobLawblaw]

https://twitter.com/whale_alert/status/1285986921278328834

[DaRude]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those "neckbeards" created bitcoin to protect against the centralist bankers that BSV is bootlicking.

It also hurts my soul that JB is parroting the talking points of the BSV drones. I mean, it's one thing if the argument is valid. But this is just as bad as the "thousand socks of nullc" talking point (quite the neckbeard by the way...).

And that's just it.  No one is making a coherent argument for that fork.  They bring up "protocol set in stone" as they change it.  They fall back on "Law(l) and courts".  Often you get to hear the "So many people are not smart enough to get it" or the "DYOR" argument.  The the abominable "CSW is SN" garbage.

Another one of my favs is Calvin running around accusing people LEFT AND RIGHT of being paid trolls.  I think Kevin Pham was OBVIOUS in that regard, and I have my suspicions that possibly Daniel Krawictz also was in that category.  I have NO DOUBT that various twitter "influencers" received compensation for something like that.  And his proclaimations of paid trolls sort of ignores the FACT that Bitcoin niether NEEDS or even cares about paid trolls.

What bitcoin HAS done is chew up and spit out just about everyone who has ever either purposefully (Pirate@40, so many others) or accidentally (Carpeles) attacked it.

Think of it from Faketoshi's perspective and it all makes perfect sense. How would you go about getting access to bitcoins without private keys? Your only real option is to start a legal battle, get some judge's order to "assign" them to you, and in parallel try to centralize the miners so that you could try to enforce that order with minimal costs, the less miners/validating nodes there are the easier it would be to force them to comply thus you're more likely to succeed. Label everyone that doesn't agree a criminal neckbeard

[Paashaas]

Not a huge fan of banks but this is a geat way for people who are not tech savvy buying BTC.



https://www.coindesk.com/banks-in-us-can-now-offer-crypto-custody-services-regulator-says
https://twitter.com/CoinDeskMarkets/status/1285983044265017344

[_javi_]

I've just bought a new monitor at Newegg.com, and paid with Bitcoin. 

Payment went thru smooth and fast. Much better than using my local (Argentine) credit card, asking for authorization for a payment abroad, and informing my unfriendly gov about any usd movements.

The only drawback is that i spent my precious hodled satoshis. Now a frenetic bullrun will surely begin.. This is going to be the more expensive monitor ever (0.07 BTC for the records).

[cAPSLOCK]

https://twitter.com/whale_alert/status/1285986921278328834

Yes.  Keep this rolling.

But good lord this whole thing is just a long game of "musical chairs". 

That's why I just stay seated and listen to the music.

When it stops I will still be sitting right here...  never having stood up.

[cAPSLOCK]

Not a huge fan of banks but this is a geat way for people who are not tech savvy buying BTC.



https://www.coindesk.com/banks-in-us-can-now-offer-crypto-custody-services-regulator-says
https://twitter.com/CoinDeskMarkets/status/1285983044265017344

Maybe the biggest news of the last 5 years for BTC.  Maybe for the whole decade of it all.

No surprise it whizzes  by unnoticed.

I bet you this is what the geezer who made the 8MM contract bet on BitMex knew.

(I have never said "geezer" beofre but I am listinging to the What Bitcoin Did interview with Keith Levene which is fucking awesome and worth listening to.. we are on the knifes edge! )

This is gentlemen.

Carolina

Trains

Moon

Hodl

.

[Toxic2040]

I've just bought a new monitor at Newegg.com, and paid with Bitcoin. 

Payment went thru smooth and fast. Much better than using my local (Argentine) credit card, asking for authorization for a payment abroad, and informing my unfriendly gov about any usd movements.

The only drawback is that i spent my precious hodled satoshis. Now a frenetic bullrun will surely begin.. This is going to be the more expensive monitor ever (0.07 BTC for the records).

dont look back javi...its pointless   I could pull my hair out if I had any left for some of the purchases I made in the past

buying asics and video cards for over 1 btc each..sometimes dozens..  a truck I paid over 30 btc for...it goes on and on..

life is short..enjoy your new monitor and keep stacking man

[OutOfMemory]

Hi fellow coiners!
I was covering the roof of the newly extended part of my house with my brother in law in the last few days (he's an inactive roofer).
I wanted to pay him a decent amount for planning and carrying out all the main work, half the average hourly salary of a roofer.
On friday, when we will finish the job, i will ask him if he wants to have a btc paper wallet with 110% of the amount, or 100% cash.
He doesn't know that i'm a coiner (he doesn't have to), but he once told me he missed out buying a good amount of corn at about $400 and he regrets it. He said his father talked him out of it, to settle with a conventional strategy (fonds, afaik). He also said that nowadays bitcoin is too pricey to get in now. I asked him some questions about btc to manipulate his thinking into the direction of "bitcoin is not for getting rich quick, it's for avoiding getting poor slowly", and i just hoped he grasped it.
I'm very curious on how he will decide  

[yefi]

As you wish - Casu Marzu a Sardinian delicacy.

 edit: È la morte sua

You know whats most sickening? That you know those guys have used maggots sexually.

[BitcoinNewsMagazine]

John Bollinger tweeted about the first lift after the BBands squeeze on BTC/USD yesterday. You can see it on the 4 hour Bitstamp chart:



Slight pull back today but still a bullish bias IMO. Slight, but it is there and significant. We need to see follow through with prices starting to walk the upper BBand again and take out $9480, and IMO this needs to happen within a week or we face more than just continued sideways consolidation. We could test $9000 again and if that level does not hold the next significant support level is ~ $7700.

[OutOfMemory]

As you wish - Casu Marzu a Sardinian delicacy.

 edit: È la morte sua

You know whats most sickening? That you know those guys have used maggots sexually.

How???
My imagination seems not to (let me?) go that far.
Goats... OK, this isn't much of a secret anymore, but maggots?

[vapourminer]

And for some reason you're supporting/funding those efforts. Here i googled this for you

...or if you’d prefer to not use your credentials, please select ‘Manually link bank’ to manually enter your banking information.

https://support.gemini.com/hc/en-us/articles/360033424912-How-do-I-add-a-bank-account-to-my-sub-account-

If you’re unable to add your bank account through Plaid (our 3rd party provider), then you’ll need to initiate a wire transfer to verify your bank.

https://support.gemini.com/hc/en-us/articles/115005752603-I-m-having-trouble-adding-my-bank

Looks like conbase is also using Plaid now, unfortunately privacy isn't free

thanks for the links, gemini has changed since last i tried maybe 4 years ago.

[OutOfMemory]

John Bollinger tweeted about the first lift after the BBands squeeze on BTC/USD yesterday. You can see it on the 4 hour Bitstamp chart:



Slight pull back today but still a bullish bias IMO. Slight, but it is there and significant. We need to see follow through with prices starting to walk the upper BBand again and take out $9480, and IMO this needs to happen within a week or we face more than just continued sideways consolidation. We could test $9000 again and if that level does not hold the next significant support level is ~ $7700.

Didn't bollinger himself point out that to a good degree btc does seek to touch the lower band if it broke up through the upper one?
I see this repeating quite often in my charts if i enable BB.

[yefi]

How???
My imagination seems not to (let me?) go that far.
Goats... OK, this isn't much of a secret anymore, but maggots?

PM Juan.
:p

[BitcoinNewsMagazine]

Didn't bollinger himself point out that to a good degree btc does seek to touch the lower band if it broke up through the upper one?
I see this repeating quite often in my charts if i enable BB.

Sure, if the breakout is a head fake. John pointed out "we need to see follow through or we'll be setup for real trouble, a Head Fake". I don't trade BBands short or medium term. My most successful trades are long term using 3 day RSI. The last buy signal was March 11 when we dropped to $3850. Next sell signal will be when 3 day RSI is over 90 to 92.

[Hueristic]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those "neckbeards" created bitcoin to protect against the centralist bankers that BSV is bootlicking.

It also hurts my soul that JB is parroting the talking points of the BSV drones. I mean, it's one thing if the argument is valid. But this is just as bad as the "thousand socks of nullc" talking point (quite the neckbeard by the way...).

And that's just it.  No one is making a coherent argument for that fork.  They bring up "protocol set in stone" as they change it.  They fall back on "Law(l) and courts".  Often you get to hear the "So many people are not smart enough to get it" or the "DYOR" argument.  The the abominable "CSW is SN" garbage.

Another one of my favs is Calvin running around accusing people LEFT AND RIGHT of being paid trolls.  I think Kevin Pham was OBVIOUS in that regard, and I have my suspicions that possibly Daniel Krawictz also was in that category.  I have NO DOUBT that various twitter "influencers" received compensation for something like that.  And his proclaimations of paid trolls sort of ignores the FACT that Bitcoin niether NEEDS or even cares about paid trolls.

What bitcoin HAS done is chew up and spit out just about everyone who has ever either purposefully (Pirate@40, so many others) or accidentally (Carpeles) attacked it.

Think of it from Faketoshi's perspective and it all makes perfect sense. How would you go about getting access to bitcoins without private keys? Your only real option is to start a legal battle, get some judge's order to "assign" them to you, and in parallel try to centralize the miners so that you could try to enforce that order with minimal costs, the less miners/validating nodes there are the easier it would be to force them to comply thus you're more likely to succeed. Label everyone that doesn't agree a criminal

And if you really want to go down that line of thought look for whatever is behind CSW pushing that goal and what can be accomplished once a precedent of not immutable is set.

This is why it is our obligation to protect decentralization and fight centralizing forces before they take root.