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

[El duderino_]

[1714780085]

1714780085

[Paashaas]

Atleast Bakkt made a new ATH.

[OutOfMemory]

Atleast Bakkt made a new ATH.

Derivates 
I ain't sure if this is so good for the market...
But surely something to respect BAKKT for.

[El duderino_]

[Heater]

kodak is such a textbook example of what happens to you when you don´t take the power of digitization serious enough. kodak was the global king of photography, ruling this industry for more than a century. which in itself is noteworthy considering that photography for the masses was only invented some 130 years ago (by kodak). kodak was globally so dominant for so long, no fucking one could have ever imagined this could ever change. they themselves invented digital photography, but were ignorant enough to not see the disruptive potential of their very own invention. the sad, fast and merciless crash of this behemoth has some netflix series potential.


sending a "high quality" picture of your kid to grandmother:

analog: you buy a kodak film and put it in your camera, take the pic (and 35 more). you take the film out of your camera and bring it to a camera shop in person. the shop sends it to a kodak lab (didn´t have to be kodak, there were free labs and other competition) via mail. the processed film then gets send back to the shop where you can pick it up and try to identify on a dark brownish negative film strip which pic is the best for your grandma. you then tell the shop you want pic number 17 as a print. the shop sends the negative again via mail to a lab that does the printing. the lab sends the print back to the shop and a few days later you can finally get the pic from the shop by visiting them the third time in person. now you need to get an envelope and send the pic to your grandmother (if she is still alive) via regular mail.


digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.


the behemoth didn´t see this coming. banks are behemoths like kodak. they ruled money transactions for 500 years. most people think it is the only way of sending money, the "natural" way. because it always has been like this.

edited

Kodak was disintermediated - they made a huge (and reasonably sucessful) effort to carve out a niche in the digital image processing world - but it was slim pickings compared to the good old days.

Banks will be the same - they will be disintermediated by crypto. Do not underestimate the effort they will be prepared to make to stay relevent and profitable (like custodial services, pushing for regulation etc) but in the end, it will futile - the efficiencies to be gained by de-financialising the eccomony are too great to leave on the table.

[Phil_S]

[AlcoHoDL]

SOMA guess:

$12k / BTC before the weekend.

[bitcoinPsycho]

@jbreher:
7-day stats comparison, really?

Yeah, I get it. But no more ridiculous that V8's meme.
'In crisis' implies short term. Handy table on CMC lists 7-day as longest. Seemed to roughly match V8's short-term thinking.

You're better than that,

Aww, thanks.

but you'd have to admit that BTS (Bitshitcoins) don't cut it in the long term.

If you are speaking of BCH and/or BSV, I need admit no such thing.

We'll we have to see in a couple of years, there's no sufficient data available yet,

Agreed

Though demonstrably, if you would have traded out of BTC into either BCH or BSV one week ago, you'd be up. _That_ data is in, and conclusive. ::gigglesnorts::

Now your just clutching at straws lol

[AlcoHoDL]

Re. BCH / BSV:

Endless repetitions of already discussed topics don't really help.

Before the airplane, scientists of the time used to say "if it's heavier than air it won't fly" -- but it did, and went to the moon.

Now we have BCH / BSV supporters saying "if it can't do more transactions / second it can't fly" -- but it just might! And go to the moon too!

Words are easy, especially combined with an inflated ego, arrogance, a closed mind, and a tendency to generalize over-simplified concepts. Let's discuss this in 3-5 years from now, and I hope both sides have the wisdom and humility to accept defeat and congratulate the winning side.

My bet is on BTC. And if it turns out that BTC does not survive, I bet its successor will NOT be BCH, and it will NOT be BSV. BCH / BSV are already dead. Their creators made sure of that.

[dragonvslinux]

Liking the look of today's short-term potential. Symmetrical triangle due to break-out one way or the other by end of the day. Targeting around +5% to $11.7K  



Assuming this is a continuation pattern after consolidation that is. Either way, I wouldn't be shorting a bull trend if it breaks to the downside!

On the Daily time-frame, there's a trade on the TD Sequential with the Green 2 candle moving above the Green 1:



Price would need to break above $11,263 for this to be activated. For a 2:1 risk/reward ratio with a stop loss at the lows of today's candle, the target would need to be $12.1K.
Seems reasonable, even if slightly risky longing after a TD 9 Sell Signal, but given the substantial break-out of a long-term range, probably isn't that risky.

[El duderino_]

Re. BCH / BSV:

Endless repetitions of already discussed topics don't really help.

Before the airplane, scientists of the time used to say "if it's heavier than air it won't fly" -- but it did, and went to the moon.

So....?? You’re saying birds are lighter than air? 🤪

[dragonvslinux]

Security Notice - Ecommerce and Marketing data have been exposed - Your funds are safe.

What you don't want to wake up and read in the morning 

Ledger Security Notice - Ecommerce and Marketing data have been exposed

[AlcoHoDL]

Re. BCH / BSV:

Endless repetitions of already discussed topics don't really help.

Before the airplane, scientists of the time used to say "if it's heavier than air it won't fly" -- but it did, and went to the moon.

So....?? You’re saying birds are lighter than air? 🤪

Not me...

I guess they excluded living creatures... Maybe they thought God makes them fly... 

[goldkingcoiner]

Security Notice - Ecommerce and Marketing data have been exposed - Your funds are safe.

What you don't want to wake up and read in the morning  

Ledger Security Notice - Ecommerce and Marketing data have been exposed

first and last name, postal address, Email, phone number and ordered products.


Yeah, nothing to worry about....

I guess they excluded living creatures... Maybe they thought God makes them fly...  

♩ ♪ ♫ ♬You raise me uuuuuuup♩ ♪ ♫ ♬

[Karartma1]

Despite death spiral FUD, miner capitulation FUD, future manipulation FUD, corona, PlusToken FUD, Tether FUD, whales selling FUD etc ...#bitcoin  just had its third best quarterly close ever ($9.1K) and is heading for difficulty ATH Monday (17E12). 🚀

https://twitter.com/100trillionusd/status/1280928298382565377?s=21

I am no market guy, I really don't get it.

Only thing to do here is keeping a #stronghands attitude

#stronghands attitude always pays off.
Good day fellow WObservers. 

[vapourminer]

kodak is such a textbook example of what happens to you when you don´t take the power of digitization serious enough. kodak was the global king of photography, ruling this industry for more than a century.
[...]

sounds like IBM giving away the keys to the kingdom with DOS and its open hardware architecture for its original IBM PC. of course bill gates had a hand in that too, licensing DOS instead of selling it outright to IBM. opportunity is opportunity.

kinda like bitcoin and fiat actually. well, not really, but sort of. but hopefully one knows what i mean.

history has a lot of lessons, too bad most dont bother learning from it.

kodak making drugs and such now. wtf and didnt they sell rights to their name on some shitcoin a while back? kodakcoin or some crap?

[Phil_S]

I myself ...probably simplistic view...but I think that the PayPal considering BTC/Crypto is the main reason for this pump

That might explain BTC pump...

But notice how BTC, gold and silver pumping at the same time.

It's not a coincidence. Something's much bigger at work.

[philipma1957]

I myself ...probably simplistic view...but I think that the PayPal considering BTC/Crypto is the main reason for this pump

That might explain BTC pump...

But notice how BTC, gold and silver pumping at the same time.

It's not a coincidence. Something's much bigger at work.

I ALREADY told you what is happening.  Fud on the USA election.

If the left wins. they will go after the right.  So the right is planning exit strategy from USA

If the right wins the left will flee so they are preparing exit strategy from the USA.

What better than to use GOLD, SILVER and various Crypto coins to flee or in the case of the metals to hedge on the dollar.

  This pump will continue until the November election.
Anyone that reads up on history knows that the USA is at is greatest turmoil since the 1960's. some would say since the 1860's

  If you have money and live in the USA whether you are the left or the right or independent. you would be a fool not to have extra invested in Gold,Silver and Various Crypto Coins.

I am a little guy but I  have pushed this year to have gold silver and crypto coins.  I won't flee the USA ,but I need a hedge against inflation.

[sirazimuth]

.....
sending a "high quality" picture of your kid to grandmother:

analog: .....PITA


digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.

....

That’s all well and good but it got me thinking...
Now everyone and his brother take millions of pics and vids
of their kids and ugly selfies with silly added effects like a cat face or some ridiculous thing,
or what they ate for breakfast. And sends to Grandma ( and every other poor slob
on their contact list).Well I got news for you...after like the 3rd one sent, Grandma and
everyone else isn’t interested in those high quality pics and vids of junior making
faces at the camera.

Bah humbug....

[vapourminer]

.....
sending a "high quality" picture of your kid to grandmother:

analog: .....PITA

digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.
....

That’s all well and good but it got me thinking...
Now everyone and his brother takes a million pics and vids
of their ugly selfies with silly added effects like a cat face or some ridiculous thing,
or what they ate for breakfast. And sends to Grandma ( and every other poor slob
on their contact list).Well I got news for you...after like the 3rd one sent, Grandma and
everyone else isn’t interested in those high quality pics and vids of junior making
faces at the camera.

out of literally thousands of pics taken with digital (camera or phone) maybe one of 200 are kept. thats whats important to me, i can take  dozens of pics of something and pick out the best one right away. analog with its 36 pics a roll (or whatever) and time lag makes you waste film and time to pick that best shot. thats the real advantage of digital. imo of course. oh and film changes in the heat of the moment sucked pond water. i had to bring a backup camera to events for when i hit the end of the roll and still needed to shoot if there was no time to change film in the primary camera.