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

[bkbirge]

Dave Portnoy has got 1.72M followers.

Let’s do it.   I want to buy all the bitcoins.

hope he can understand bitcoin, and finally get some.

If he buys all the bitcoins I'm guessing he'll be able to get some.

[bkbirge]

I wonder if they have Covid on Mars?

am willing to find out

Beautiful test today. SpaceX continues to just do their thing and everyone else is playing catchup. Granted they are standing on some pretty giant NASA shoulders but SpaceX has to be given sole credit for normalizing reusable launch vehicles. Kind of crazy how just a few years ago many didn't believe it was practical to even bother to try and achieve.

[yefi]

Edit: sorry for the formatting I tried to use a table and when I previewed the post everything seemed fine but it did not displayed correctly for some reason.

Tables can be a pain. You need to either use non-breaking spaces or redundant characters, such as underscores or dots, to set the width and prevent wrapping. If you use redundant characters, you can hide them with [color=transparent]. e.g.

____________________________________	________
From 28 NOV 2017 to 30 JAN 2018	63 days
From 01 FEB 2018 to 01 FEB 2018	1 day
From 16 FEB 2018 to 21 FEB 2018	6 days

Other option is to use the [pre] tag and just align everything like you're using a 90s word processor.

Interesting data by the way!

[Toxic2040]

Beautiful test today. SpaceX continues to just do their thing   -snipped-

+1 WOsMerit

Relevant quote from the hitchhikers guide:

“The ship hung in the sky in much the same way that bricks don't.”

[JSRAW]

+1 for Meme lord, he was pumped up...

[jbreher]

Looks like this short-term pump may have legs.

[Phil_S]

Wait till you hear about Skripals case and the official 'smeared doorknob' theory...

[serveria.com]

First day of school in Atlanta, GA, US (R). This is going to turn out well in 2 weeks, then 6 weeks before a lot of Republican adults die.



Early voting there doesn't start till Oct 12th either. They better have a lot of people collecting ballots in the morgue.

Holy shit! Some are not even wearing masks...  this is not going to end well...  some of their parents/grandparents are going to die... 

[Phil_S]

am willing to find out

Quite impressive.

I mean, 191 frames GIF under 1 meg!

What kind of technological sorcery is this?

[bitebits]

Ledger App Isolation Bypass
04 August 2020

https://monokh.com/posts/ledger-app-isolation-bypass

This post will disclose a vulnerability in the Ledger hardware wallets that can lead to theft of user funds.

An attacker can exploit this method to transfer Bitcoin while the user is under the impression that a transaction of another, less valuable altcoin (e.g. Litecoin, Testnet Bitcoins, Bcash, etc.) is being executed

If you use bitcoin forks on your device, you could be affected. You should avoid using these ledger apps until fixes are available.

The issue has been disclosed to Ledger but remains unaddressed. See Disclosure Timeline.

[serveria.com]

Dave Portnoy has got 1.72M followers.

Let’s do it.   I want to buy all the bitcoins.

hope he can understand bitcoin, and finally get some.

Damn that Twitter thread is full of shitcoin shills and bitcoin bears... 

[El duderino_]

They say after 10,000 hours of something, you become a master of it. You guys are looking at a master of checking the #bitcoin  price.

https://twitter.com/bitcoincameron/status/1290700961447653385?s=21

I might be a master of a master in this one

[Last of the V8s]

They say after 10,000 hours of something, you become a master of it. You guys are looking at a master of checking the #bitcoin  price.

https://twitter.com/bitcoincameron/status/1290700961447653385?s=21

I might be a master of a master in this one

Yes, El duderino_, for your assiduous services in difficult conditions to checking the #bitcoin price, the Board Of Giving Doctorates And Notices Of Virtuous Service has promoted you to the Honorarium Of Doctorates Licentiorum, and you may now assume the moniker El doctorino_ (HODL), or Dr duderino_ (HODL) if you prefer.

[El duderino_]

They say after 10,000 hours of something, you become a master of it. You guys are looking at a master of checking the #bitcoin  price.

https://twitter.com/bitcoincameron/status/1290700961447653385?s=21

I might be a master of a master in this one

Yes, El duderino_, for your assiduous services in difficult conditions to checking the #bitcoin price, the Board Of Giving Doctorates And Notices Of Virtuous Service has promoted you to the Honorarium Of Doctorates Licentiorum, and you may now assume the moniker El doctorino_ (HODL), or Dr duderino_ (HODL) if you prefer.

Dr duderino_ seems appropriate

Thx

[NeuroticFish]

Damn that Twitter thread is full of shitcoin shills and bitcoin bears... 

Don't pay too much attention to crypto twitter. You can get easily 100 people post there whatever you want for some pennies (or even for free if you make a token first).

[Phil_S]

I have a gut feeling of 12500, this weekend. 

[bitcoinisbest]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

This is very important, bitcoin for the most part has gone above the 10k barrier but is has been unable to remain there for long, when looking at the historical data from coingecko this is what I get.

Days in a row above 10k.
From 28 NOV 2017 to 30 JAN 2018    63 days
From 01 FEB 2018 to 01 FEB 2018      1 day
From 16 FEB 2018 to 21 FEB 2018      6 days
From 23 FEB 2018 to 24 FEB 2018      2 days
From 27 FEB 2018 to 07 MAR 2018   9 days
From 22 JUN 2019 to 16 JUL 2019      25 days
From 19 JUL 2019 to 23 JUL 2019      5 days
From 01 AUG 2019 to 28 AUG 2019      28 days
From 03 SEP 2019 to 21 SEP 2019      19 days
From 23 SEP 2019 to 23 SEP 2019      1 day
From 10 FEB 2020 to 10 FEB 2020       1 day
From 12 FEB 2020 to 15 FEB 2020       4 days
From 19 FEB 2020 to 19 FEB 2020       1 day
From 02 JUN 2020 to 02 JUN 2020       1 day
From 28 JUL 2020 to TODAY       8 days and counting
Total: 173 days

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

2020 is the year where unpredictable things have happened which was not expected, or people have not seen in decades of their life. We are witnessing many things for 1st in our life and this year just could be the change for bitcoin as well and witness something which we had not seen till now.

[heslo]

Ledger App Isolation Bypass
04 August 2020

https://monokh.com/posts/ledger-app-isolation-bypass

This post will disclose a vulnerability in the Ledger hardware wallets that can lead to theft of user funds.

An attacker can exploit this method to transfer Bitcoin while the user is under the impression that a transaction of another, less valuable altcoin (e.g. Litecoin, Testnet Bitcoins, Bcash, etc.) is being executed

If you use bitcoin forks on your device, you could be affected. You should avoid using these ledger apps until fixes are available.

The issue has been disclosed to Ledger but remains unaddressed. See Disclosure Timeline.

I've always preferred my Trezor more than my Ledger; this just reinforces that belief

[El duderino_]

Daily-ish pump is busy

[fillippone]

Square released their Financial Statement last night:

Cash App generated $875 million of bitcoin revenue and $17 million of bitcoin gross profit during the second quarter of 2020, up 600% and 711% year over year, respectively. Bitcoin revenue and gross profit benefited from an increase in bitcoin actives and growth in customer demand.

Bitcoin revenue is the total sale amount of bitcoin to customers. Bitcoin costs are the total amount of bitcoin that we purchase.
We purchase bitcoin to facilitate the buying of bitcoin conducted by Cash App customers.

Source

I updated the spreadsheet from the Grayscale thread with latest results from SQUARE:



Pretty impressive, of course saying that Grayscale and Square together bought 135% of mined bitcoins is naive, but gives the idea of the buying pressure it is going to hit BTC markets soon.
Bullish!
 

EDIT: I just noticed that it is the first time that Square passes Grayscale in terms of purchases. This is really important. It means a shift from the "institutional/whale" demand, given the particular purchase method of Grayscale, compared to Square's more retail focused target.