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

[P_Shep]

Hello, what you recommend use for a Bitcoin Node?  AWS or ANKR?

Actually a raspberry pi 4 works pretty good.  Those other two are gonna cost you 3 digits a month.

But I guess if you are wanting a fast pipe and the best uptime?

TX i try PI 4

This is a pretty good little package but might be more s/w than you want.  Quite well put together in my opinion... but do your own due dillgence:

https://github.com/rootzoll/raspiblitz

I run that on the 4Gig pi 4.

Here's my RPi 4 8gb running full node, lnd, ntp server with GPS, environmental monitor + case and ssd temp probes, and samurai whirlpool, which actually I don't use. Might throw electrum server on there too.


Edit: Why image no work? https://i.imgur.com/0GPFRv6.jpg

Also, yes, i put the GPS module is a battery case... all I had!

[600watt]

breakout in 10.... 9... 8...

[lightfoot]

Yeah, 11,700 was nice to see today. Wonder what will happen next....

[BobLawblaw]

https://twitter.com/whale_alert/status/1289505045520609280


https://twitter.com/whale_alert/status/1289503347393753088


https://twitter.com/whale_alert/status/1289500814579441667

[BALIK]

Yeah, 11,700 was nice to see today. Wonder what will happen next....

Looks like another leg up to $13,000 is within the realm of possibility by the first week of August:



Momentum doesn't seem to be slowing down at all. Most momentum indicators remain bullish at least in the short term. This party is far from over boys.

The crypto fear and greed index is still holding strong at 75 (Just inches away from its highest value this year).



Several other high-quality assets including Litecoin (LTC), Zcash (ZEC), and Ethereum (ETH) are also experiencing some off-side momentum. I expect we'll see a reshuffling of the top 10 as undervalued altcoins make their plays.

Of course, nothing will even approach Bitcoin, which I expect will continue to lead the market in terms of growth.

[aesma]

There are billionaires who own BTC, but are there billionaires thanks to BTC ? I don't mean owning enough BTC to be a billionaire, because that is being a 100thousander in BTC, I mean having sold/traded/invested enough BTC into $ priced assets and companies to be a billionaire, starting with nothing but BTC ?

[Indymoney]

Boring Eid for me and my GF as well. She's missing home and me homemade Biryani.

[HairyMaclairy]

Something seems too good to be true about how closely those fractals overlap.  They are scaled properly, I hope?

Yes it.  Of course it didn’t look like it was matching last month.  

Lol the year 1788.  

We had to lock up all the convicts then and we have had to lock up all the Victorians again this week.  

Is that where you have been Hairy butt?

locked up?

I’ve been gardening, cycling, cooking and drinking.  Life is good man.  

Yes HM, good to see you. Looks like we’re perfectly on track, happy days.

Good to see you too LFC.

[ivomm]

Another day, another pump and a new AYH set at $11763.10, which is 3%-ish higher than yestarday's $11 457. This is a very good sign, especially for a weekend day. Do you guys remember the ramblings of many newbies here and on reddit, twitter, etc. that the halving was priced in? Since then the price went from 6-7K to $11 700! I can't think of a better proof how wrong were all those unfamiliar with the Bitcoin basics (aka n00bs). The good thing is that more and more average joes are starting to believe in predictions like 50K, 100K, etc. And if most people are acting according to this expectation, i.e. hold patiently, then some of those bold  predictions will became true... or all of it?

[ssmc2]

Quick wick down to fill that gap around 9600 then right back up and we'll really be off to the races.

[d_eddie]

Corn climbing the stairs
Hairy back and it feels good
Said the naked ape




#haiku

[Dunkelheit667]

The monthly update:



Gentlemen, we are back on track. In July we saw plenty of green, as one would expect from a beautiful summer. It was not that hot and even rained like in the good old times. Really nothing to complain about. I asked myself for a moment if this first regular summer in many years has anything to do with the "crisis" people are talking about for months?

Our mutual friend also took care of his green, up 24.30% last month and 58.60% this year, not that bad. Of course the question is whether the new trend will survive or not. I am not a gardener, but the soil does not look bad in my humble opinion. We halved our daily supply and newly printed "money" has to go somewhere. Paper gold and shitcoins gained as well, therefore the "money" has decided to rain, also in our garden. In general, the volume is not that bad and the futures expiration had, oddly enough, no significant impact (dump) on our path. We are even seeing an AYH now. However, Bob already left the party, kind of, not sure if this is a good sign.

Let's wait and see if we can tear down the next imaginary wall (as 600watt pointed out, it appears to be always the 10k € barrier), I have microwave popcorn ready.

Other than that, how is the "crisis" going? Here it is a little calmer now, instead of 200 maybe only 175% workload. In July I had to train a dozen people in three groups for a new business segment, of course face-to-face in the office. The safety precautions in our office are strange. As long as you are in a room with your group, you do not have to wear a mask, but as soon as you leave the room you do. Since the air conditioning in the building is now on (it was off before to save money), the air is distributed to all rooms anyway. Well, I stick to the rules of this game, the next active case is a hundred or more kilometers from here and people in our region do not tend to travel that far, at least at the moment. The weirdest thing last month was when I got my first haircut in half a year. I can see again, which is handy.

Gentlemen, enjoy the show and stay safe, have a lovely month of August! 

[LFC_Bitcoin]

Do you guys remember the ramblings of many newbies here and on reddit, twitter, etc. that the halving was priced in? Since then the price went from 6-7K to $11 700!

Happens every time, NOCOINERS, people who sold everything too early years ago, bitter noobs with a low stash. It’s just jealousy, not wanting to see other people do well. Say anything enough times & you might convince yourself that you’re right.

 

[vapourminer]

That case could and would allow for a crazy jump in price. I better hodl till 2021 no matter what.

 

There are a lot of scenarios in which there could be a crazy jump in BTC price, so good thing that you are HODLing rather than acting upon your seemingly weak assessment of how wealth redistribution is likely to play out in the coming years.

at bitserve  see how many hold 1000.  if it is smaller by far maybe the crazy number happens.

In the past, there have been various threads on the topic of coin/wealth distribution, and I did a quick perusal through my BTCTalk thread watchlist, and I found the below ones that might be kind of on such topic.  

The below-linked threads have not been updated recently, so there might be some better or more recent ones, too.

1) Distribution of bitcoin wealth by owner

2) I am pretty confident we are the new wealthy elite, gentlemen.

3)  Who are the richest Bitcoin users and how much do they own?

4) Do you think Institutions secretly HODL Bitcoin?

[edited out]

This is so fun I read it 3 times.  I have NO IDEA what you are talking about though.

yeah glad im not the only one.. i read it several times too with glazed eyes. but i wouldnt be so quick to dismiss philip as he called the 2017 blow off top pretty accurately iirc.

but i too wonder why billionaires would worry about new guys entering the club. after all as long as they still have 99% of the people who are still poor to step on i wouldnt think they would really care. old money peeps are snobs anyway, new peeps to the billionaire club are looked on as (relative) peons by them.

or perhaps im still misunderstanding lol

[vapourminer]

Big volume on GDAX, 

Never heard of it.

Do they trade bitcoin there?

only when the 3 letter agencies let them.

[bitcoinisbest]

It is good to see reaching new highs for this year and that too after for so long considering the last highs which were made in 2017. This momentum if it can continue for long or can get stabilized above a good range it will be better, else we know that this price to reach the todays levels has taken years and it was more like the staircase was used to climb up. The only fear is that if some correction happens it should not be like a slide which crashes suddenly couple of thousand dollars in a go.

[JimboToronto]

Good morning Bitcoinland.

Another wee leg up I see... currently $11610USD/$15570CAD (Bitcoinaverage).

Gotta love the slow steady steps up with little consolidations in between.

Go Bitcoin go.

It's also too bad that hundreds of thousands of George Floyd protesters around the globe spent about 1-1/2 to 2 months running around literally in each others faces *without* masks on, potentially (likely) infecting the rest of the population... and hardly anyone in the media said shit about it. The media down-played it and made excuses for it.

Because, ya'know, political agendas and all.  

Shall we go ahead with incarcerating the hundreds of thousands protesters worldwide, or do they all get a pass?

Why bring anti-brutality protesters into a discussion about masks?

From what I saw, the percentage of protesters wearing masks was no lower than that of the general population.

Politics has nothing to do with it, or at least it shouldn't. Mask wearing is a medical issue, not a political one. Why do some people try to turn everything into some right-wing versus left-wing partisan political debate?

[machasm]

It looks like this next bull run has well and truly started.
I have been HODLing pretty much most of my corn over the last 6 years apart from a small sell off back in early 2018.
I am now thinking about my next steps to ensure my retirement and to increase my BTC stash to leave as a legacy for my children.
My plan is to cash a small amount out somewhere between 40 to 100K to retire on.
I was thinking that I would continue to HODL 25% of my corn and begin to sell about 75% into a stablecoin backed by gold or some other fairly stable asset (PAXG perhaps?)
Then spread the PAXG over several lending platforms and earn interest while the price of bitcoin takes its natural course back through the next bear cycle (late 2022??).
Once we bottom out and begin the next upward trend after the next halving the plan is to buy back in with PAXG or whatever stablecoin would work.
The reason for using a stablecoin is twofold
1) Receive high interest yield on lending platforms
2) Avoid paying large Capital Gains taxes.

I was interested in my WO bretheren's thoughts on this.
So what do you guys think?

[serveria.com]

It is good to see reaching new highs for this year and that too after for so long considering the last highs which were made in 2017. This momentum if it can continue for long or can get stabilized above a good range it will be better, else we know that this price to reach the todays levels has taken years and it was more like the staircase was used to climb up. The only fear is that if some correction happens it should not be like a slide which crashes suddenly couple of thousand dollars in a go.

... I know a person with a long rusty pipe who'd really want to meet you...  and just for info: such a correction won't stop BTC in the worst case would just slow us down for a couple of months... pfff... and post your slide memes on twitter orvreddit peeps there would appreciate...

[bitserve]

It looks like this next bull run has well and truly started.
I have been HODLing pretty much most of my corn over the last 6 years apart from a small sell off back in early 2018.
I am now thinking about my next steps to ensure my retirement and to increase my BTC stash to leave as a legacy for my children.
My plan is to cash a small amount out somewhere between 40 to 100K to retire on.
I was thinking that I would continue to HODL 25% of my corn and begin to sell about 75% into a stablecoin backed by gold or some other fairly stable asset (PAXG perhaps?)
Then spread the PAXG over several lending platforms and earn interest while the price of bitcoin takes its natural course back through the next bear cycle (late 2022??).
Once we bottom out and begin the next upward trend after the next halving the plan is to buy back in with PAXG or whatever stablecoin would work.
The reason for using a stablecoin is twofold
1) Receive high interest yield on lending platforms
2) Avoid paying large Capital Gains taxes.

I was interested in my WO bretheren's thoughts on this.
So what do you guys think?

First, I will assume you mean 40K to 100K yearly? Anyway, I am not sure it is a good idea to retire early (another assumption) just having secured expense for only one or two years (another assumption) and taking for granted that they will keep coming or even that BTC couldn't crash dramatically.

Second, stablecoins.. yeah, it is a possible diversification but I wouldn't put all (or most) my eggs onto that. Diversify is key here: FIAT, Stablecoins, real estate, gold, maybe even some stocks (lol).... a mix.

Third, lending platforms? eeeeeeccccckkk Again not where I would put a substantial amount at risk...

In the end it is you who know in detail your finances and what percentages to assign to each asset but, overall, I don't think your plan is solid (IMHO). Sorry about that.

P.S.: Also, you don't avoid paying CGT by going into stablecoins. It is just the same as if you went into FIAT. Again, sorry about that.