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

[Biodom]

Tangential to bitcoin, but I just looked at the long term charts of some prominent tech stocks; AAPL, MSFT, AMZN, GOOGL, ADBE, NFLX, FB
They are ALL exponential and in some cases (AAPL, MSFT, ADBE) significantly deviating from the very long term stock patterns.
I don't know what to make of it, but at a minimum such exponential moves are unsustainable, obviously.

When the break would come, nobody knows, but it will come, unless all this means that stocks are already pricing in high real inflation (that is pending) while bonds don't, suggesting a market that is simply crazy. Not going more into stonks, looked just for fun.

Not sure why btc is not supra-exponential yet.

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[sirazimuth]

avatar cat?

he passed on.
[...]
not having an avatar matches the empty spot in my heart so it seems appropriate to leave it this way for now.

@Vapourminer Sorry for you loss

Sorry for your loss, vapourminer.

[...] I'm really sorry to hear your cat has passed on.  At the same time it's nice to know he's got a special place in your heart and on your wall.

thanks guys. that means a lot to me.

My condolences vp. I dread the day when I lose my catty puss friends.


(that's a yawn-smile...not a hiss, lol)

She needs a damn good ... shower. All that sand gets everywhere. Ev-ery-where.

What...you mean between her toes... amirite?....

[Last of the V8s]

https://bitcoindevlist.com/

This website lists people working on Bitcoin and related projects. The goal is to increase the visibility of contributors to the space that are accepting donations. If you are currently working on a bitcoin related open source project, submit a PR to get yourself added.

Being listed on this site should not be considered an endorsement. The order individuals are shown is randomized every visit.

huh interesting, some I confess I didn't know of or what they're up to, maybe worth sending some sats?

[sirazimuth]

Congrats to both JSRAW and d_eddie. Well deserved and welcome to the club.
Toxic on deck.

Lesson 1 on how to become a bitcointalk legendary...

-Hang out in the wob thread.
-don't spam,
-don't commit shitcoinery....
-and don't be a dick.

(I know... I can be a dick, but I was grandfathered in...)

[JayJuanGee]

Sideways 11xxx seems like a brand new thing.

In the past we only visited that range during up-and-down rollercoaster rides.

Now we have time to observe the scenery...

https://www.youtube.com/watch?v=5ecE91ZBusI

According to the top 100 days in bitcoin (weighted traded volume), we have spent a decent amount of time in the $11ks, relatively speaking - 52 days, and that is NOT even including the days that have disappeared off of the chart below $11,284.

Edit:  I just went back to BTC's top 100 days list, and I counted that there were an additional 12 days between $11k and $11,284 that fell off of that list (since August 14), so as of yesterday, that would be that BTC has spent 64 days in the $11ks in its life (additional days within the $11ks: evidence, here).

I would also like to proclaim that I am having some difficulties figuring out if we are more inclined towards short-term up or short-term down.

Of course, my most recent BTC orders to fill had been the buy orders, but when BTC prices are bouncing around $11,500, then we are nearly smack-dab in the middle of my $900 spread between questioning whether the next order to fill is going to be a buy order or a sell order?  Which one?  Am I giving too much away in regards to where my orders are?  

Just saying being around smack dab in the middle of the spread causes a certain amount of cushion either way.. like a feeling that nothing (in regards to the buy/sell orders) is going to be happening, soon.....

I am somewhat o.k. with NOT having very much happen to my orders (price comes to orders, the passive part), and of course, if the BTC price goes higher then the spreads go higher, but sometimes when BTC prices do not seem to be moving very much, then sometimes even I might contribute towards having more "action" by narrowing the spread amounts a wee bit (which might no longer be passive, depending on spin of the situation).  

[Torque]

Tangential to bitcoin, but I just looked at the long term charts of some prominent tech stocks; AAPL, MSFT, AMZN, GOOGL, ADBE, NFLX, FB
They are ALL exponential and in some cases (AAPL, MSFT, ADBE) significantly deviating from the very long term stock patterns.
I don't know what to make of it, but at a minimum such exponential moves are unsustainable, obviously.

When the break would come, nobody knows, but it will come, unless all this means that stocks are already pricing in high real inflation (that is pending) while bonds don't, suggesting a market that is simply crazy. Not going more into stonks, looked just for fun.

Yeah, they are all pricing in real asset price inflation, which by some estimates is between 6-10%/yearly. So they have to print money and pump stonks to outrun it, otherwise they are actually deflating (i.e., losing wealth). Just look at a stonk chart of Venezuela for where it's going. Just like a hockey stick, straight up. It's a melt-up. The problem comes when there are no more buyers, i.e., corporations vis a vis central banks have bought up 99.99% of their own stocks. Who will they then sell to? That's when the final straw will break. When will that happen? Nobody knows, but probably when main street inflation becomes unbearable (things cost too much for Average Joe to even live any more).

Not sure why btc is not supra-exponential yet.

I feel like it's because Bitcoin still has a public image problem, no thanks to the negative MSM that seeks to slam it constantly. But hopefully one day it can overcome it.

[bitebits]

More bitcoins have been lost in the past 10 years than will be found in the next 100 years.

https://twitter.com/lopp/status/1298563747003486209

[Globb0]

Haters everywhere.....

[aesma]

More bitcoins have been lost in the past 10 years than will be found in the next 100 years.

https://twitter.com/lopp/status/1298563747003486209

I'm discussing about this/related on my local board. Here is the thing : can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

If such advances become possible, then "lost coins" might be recoverable at some point, by people with access to supercomputers/clouds.

Would there be/should there be a grace period to transfer coins from current adresses to bigger addresses, after which older addresses would become invalid, making lost coins lost forever ?

[El duderino_]

Actually......

Its been a long time that some WO regulars have been on the WO

I'm a bit curious of the thoughts of one of theme, he claimed that around this period a lot of WO's wouldn't be active anymore due of longer time down, I always have respected he's opinion as I do respect all the opinions of everyone who are speaking solid and fair thought...
Longer down would always be possible just as faster UP would be as well.

But Majormax I think, please share your opinion how you think at this moment

Cause it played out a bit different as how you where thinking...

[El duderino_]

Congrats to both JSRAW and d_eddie. Well deserved and welcome to the club.
Toxic on deck.

Lesson 1 on how to become a bitcointalk legendary...

-Hang out in the wob thread.
-don't spam,
-don't commit shitcoinery....
-and don't be a dick.

(I know... I can be a dick, but I was grandfathered in...)

Or

-Indeed hang out at the WALL and be humble
-maybe spam? (isn't that what I did?)
-Indeed no shitcoinery, or do it off the books WALL... 
-mmm we can't all be dickless I think or is the WALL full of pussy ??
-don't obvious fish for merit.   (Damn guilty again, did I fished or not before) 
-Don't be a roach, though he's merited a lot as well 

[Syke]

I'm discussing about this/related on my local board. Here is the thing : can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

256 is totally impossible.

[Dabs]

Congrats to both JSRAW and d_eddie. Well deserved and welcome to the club.
Toxic on deck.

Lesson 1 on how to become a bitcointalk legendary...

-Hang out in the wob thread.
-don't spam,
-don't commit shitcoinery....
-and don't be a dick.

(I know... I can be a dick, but I was grandfathered in...)

Or

-Indeed hang out at the WALL and be humble
-maybe spam? (isn't that what I did?)
-Indeed no shitcoinery, or do it off the books WALL... 
-mmm we can't all be dickless I think or is the WALL full of pussy ??
-don't obvious fish for merit.   (Damn guilty again, did I fished or not before) 
-Don't be a roach, though he's merited a lot as well 

add:

- don't be a roach
- don't be a big blocker
- lose some coins
- make some coins

oh wait, already said, ...

can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

Protocol won't change without a hard fork, and you know hard forks are quite, hard. To deal with. We'll end up with Bitcoin Small Key and Bitcoin Big Key, or something stupid.

[aesma]

We're talking very long term here. It could be 50 years from now ! I expect to still be here (alive I mean). I agree that the maths look impossible today, but when deep diving into even just a regular CPU/GPU of today, not a quantum one, it seems impossible too, yet it works. Billions upon billions of transistors in a single chip !

[fillippone]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

[qwizzie]

Looks like this little pump has a bit of fuel behind it.

1 BTC = $11,595

Lets see if it will turn the tide.

[_javi_]

Honey badger likes the FED going brrr

[Spaceman_Spiff_Original]

Whales making splashes for fun.

[El duderino_]

Whales making splashes for fun.

It’s never for fun

Hardcore coin making before it’s to late perhaps

[Cryptotourist]

So if you really love me,
say yesss,
but if you don't dear,
confessss,
but please don't tell me,
perhaps,
perhaps,
perhaps.