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

[JayJuanGee]

Getting back to one of the recent mindrust proclamations (i.e. "no way to spend wealth these days"), travel can be a lot of fun, and some ways to both spend wealth and to have some good times with it, and of course some of the travel options have been hampered in recent times, and maybe we are wishing that travel hamperings are merely temporary?... because it would not be right and proper if the only way that some of us could really travel is to have our own private planes... and even having private planes kind of travel (and that level of wealth) could get hampered too if some of the regular joes are not able to come out of our current economic baloney with a bit of meaning in life (not saying that hookers, lambos and blow cannot bring some meaning to some of us)... but there continue to be public infrastructure matters that seem to be necessary for any kind of real comfort in enjoying some of the luxuries of any wealth system...

Oh shit.. does that mean some of us might have to share some of our wealth or even invest?  Fuck.

No way to spend wealth these days"? Even if that were somewhat true, because of coronathinggy I assume, one could always buy a fuck you all property to have all the freedom you want inside your OWN place and land and with your own rules.

Bleh, there will always be ways to spend wealth. Maybe MORE so in difficult times.

We are all worse off if an actual Armageddon situation were to strike, though.  So there are certain infrastructure failures, supply chain failures and lumpen proletariate scenarios that would not be preferred... not that I am necessarily agreeing with mindrust - but there are potential outlier scenarios in which some of us might not be able to enjoy our accumulated wealth including when previous concepts of private property that had been accumulated prior to "awokening" of the masses are overthown.

Haters everywhere.....

That's another way of thinking about the matter, which seems to get us back to some variation of the dog eat dog world theme.

Im the dog at the back

You perverted psycho!!!!

 

 

[1713892049]

1713892049

[1713892049]

1713892049

[Last of the V8s]

https://www.zdnet.com/article/us-sues-to-recover-cryptocurrency-funds-stolen-by-north-korean-hackers/

The United States government has filed a lawsuit today seeking to seize control over 280 Bitcoin and Ethereum accounts that are believed to be holding funds North Korean hackers stole from two cryptocurrency exchanges.

No need to steal shit. Just stack sats bro like a normal  

[cAPSLOCK]

Feel a lot to me like it's trying to lift itself above this 11350 resistance.

(something something.. walls, something on topic.. walls,something)

[Toxic2040]

actual wall report

9.8 pulled off the table overnight - bullish   

building sell pressure forming at $11.55kish - bearish

verdict - sideways... with possible upwards pressure due to double bottomish

#dyor


yesterdays walls


todays walls


1h


4h

#stronghands

[aesma]

This is 100% true.
Very likely, the rates will rise slowly anyhow, no matter if the FED raises rates. The FED is behind the curve all the time. Then WS will crash anyhow.

There is talk of yield curve control being employed, to lower long term rates. In fact it's already happening with the FED buying "fallen angels" and all kinds of bonds. It could also buy stocks if push comes to shove.

I would definitely be invested in the US stock market (the NASDAQ at least) if my main interests were in dollars, but they're not.

No way to spend wealth these days"? Even if that were somewhat true, because of coronathinggy I assume, one could always buy a fuck you all property to have all the freedom you want inside your OWN place and land and with your own rules.

Bleh, there will always be ways to spend wealth. Maybe MORE so in difficult times.

I don't know if it's related to BTC, definitely not to corona as I had evolved before, but a few years ago I was thinking about buying a flat when I would have enough for a deposit, then I found out you could get a house built for not much more, especially with low interest rates here, so I was looking at plots, my initial idea being I would be good with 350m² (3767.37 sq ft). Fast forward and now I want 10 times that at least, and the less neighbours the better, while still staying not too far from my workplace and Paris. Not easy to find, but I have some properties in sight, one where the closest neighbour is about 90m/100yards away, and another entirely surrounded by fields. It's not that I have trouble with people, I'm fine with them, but I want the freedom to go around in the nude, or put some music in my garden, or make noise all night with friends, without having to worry about them. And also have enough arable land to be able to make food if necessary.

actual wall report

9.8 pulled off the table overnight - bullish   

Translation please 

[Biodom]

This is 100% true.
Very likely, the rates will rise slowly anyhow, no matter if the FED raises rates. The FED is behind the curve all the time. Then WS will crash anyhow.

There is talk of yield curve control being employed, to lower long term rates. In fact it's already happening with the FED buying "fallen angels" and all kinds of bonds. It could also buy stocks if push comes to shove.

I would definitely be invested in the US stock market (the NASDAQ at least) if my main interests were in dollars, but they're not.

No way to spend wealth these days"? Even if that were somewhat true, because of coronathinggy I assume, one could always buy a fuck you all property to have all the freedom you want inside your OWN place and land and with your own rules.

Bleh, there will always be ways to spend wealth. Maybe MORE so in difficult times.

I don't know if it's related to BTC, definitely not to corona as I had evolved before, but a few years ago I was thinking about buying a flat when I would have enough for a deposit, then I found out you could get a house built for not much more, especially with low interest rates here, so I was looking at plots, my initial idea being I would be good with 350m² (3767.37 sq ft). Fast forward and now I want 10 times that at least, and the less neighbours the better, while still staying not too far from my workplace and Paris. Not easy to find, but I have some properties in sight, one where the closest neighbour is about 90m/100yards away, and another entirely surrounded by fields. It's not that I have trouble with people, I'm fine with them, but I want the freedom to go around in the nude, or put some music in my garden, or make noise all night with friends, without having to worry about them. And also have enough arable land to be able to make food if necessary.

actual wall report

9.8 pulled off the table overnight - bullish  

Translation please  

40000sq ft? (3500 m²)?
That's a palace.
I don't need a palace, i would rather have several smaller houses or even apts in cool places with either great weather or view.
Maybe Paris is good re weather, I never been. Weather and some "nature" like sea or lake or a large river, woods nearby are a must.
So far, choices like Hawaii, British Columbia, some places in CA, maybe Colorado are popping up. I used to like NY, not sure how it is now, though.
There are some great places in Europe too, but i would have to learn italian, spanish or portuguese to be there for longer time periods.

[Toxic2040]

Translation please 

slope, shape and usd on the bid side(green) coupled with arithmetic


it is said in wizard school one should be vague or obtuse, and randomly grumpy at times...just doing the best i can   

[Last of the V8s]

Oh hey look at that: legendary wizard. Congrats brother toxic, you're a star.

[Toxic2040]

Oh hey look at that: legendary wizard. Congrats brother toxic, you're a star.

well that escalated quickly..

awww shucks..actually very honored to serve here..thank you everyone

[Dabs]

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 !

If you're referring to the brute force cracking of 128 to 256 bit private keys, then it's more likely to take 100 years than 50. All the current math points to millions of years at the fastest possible computation speeds (and also impossible calculation speeds.)

What's more likely and probably is some crack at the algorithm that breaks it, so calculation is less than 128 bits.

A 256-bit private key will have 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936 (that’s 78 digits) possible combinations. No Super Computer on the face of this earth can crack that in any reasonable timeframe.




"Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".

-Bruce Schneier

[Toxic2040]

further wall theory

so yesterday the bids were around 67 million...sometime between then and now...it dropped to 57 million and those three steps have been removed         thats the 9.8 million I was pointing out

the slope and shape of the ask(red) side has changed from a wedge shape to become more vertical    when the asks are chasing price downwards..you see that shape as the asks 'dig' into the bid walls

you see the same when the price is moving upwards..the bid wall will slope downwards into a more wedge like shape as buyers chase price up

when the walls are vertical it usually means price has been discovered and buyers and sellers are content trading around the spread(the gap in price between bids and asks)

you will sometimes see the wall setup from yesterday when a whale wants to accumulate more coins...they will set large bids and then start selling, driving the price down into their bids

there are many scenarios but perhaps you can see my thought process a bit more clearly now

#dyor

[BobLawblaw]

OT: The things I do for better peace of mind. Kinda sad.

C'est la vie.

[Toxic2040]

why bother?   


and further...for a man supposedly obsessed with opsec...a dark reader?   really?


gtfo...tired of your whining bob

[aesma]

40000sq ft? (3500 m²)?
That's a palace.
I don't need a palace, i would rather have several smaller houses or even apts in cool places with either great weather or view.
Maybe Paris is good re weather, I never been. Weather and some "nature" like sea or lake or a large river, woods nearby are a must.
So far, choices like Hawaii, British Columbia, some places in CA, maybe Colorado are popping up. I used to like NY, not sure how it is now, though.
There are some great places in Europe too, but i would have to learn italian, spanish or portuguese to be there for longer time periods.

  you misunderstood, I was only talking about the plot of land. Like you can exit your house and walk a bit and you're still on your property. I don't need a huge house, although ideally some of the things I want take some space, like a big garage for nice cars, and a home cinema, but that can always be added later, if the plot of land is big enough. A pool, too. An uncle of mine has a big house (1500m²) and his younger wife spends her days cleaning... He used to own a castle near here, similar to this one (don't want to be IDed if I show the real one) : https://www.bellesdemeures.com/en/listings/sale/tt-2-tb-13-pl-26066/151598835/ The castle was of course impressive, but my memories (I was a kid) are all about the large park, with a pond, a river, a forest and even large game animals, all in the middle of Paris suburbs, it was great. Nowadays it's probably worth a literal fortune, but at the time my uncle couldn't keep up with the maintenance, it was crazy expensive. In fact in France you can buy similar castles all over the place with comparatively low prices for this reason, the only ones that are worth a lot are those with a great location.

Weather here is not great but not horrible, thanks to the Gulf Stream it doesn't get too cold nor too hot like in NY. I would definitely like to spend the winter elsewhere, a bit too much rain, and too long. That's more long term goal (fuck you goals...). In fact on top of the weather what bums me in winter is the short daylight, so either I move closer to the equator (thinking about French Polynesia or Vietnam) or I live in two places (summer in the Northern Hemisphere, winter in the Southern Hemisphere).

I have Italian roots and family there, plenty of good things to say about it, but the future of the country is worrying me, people are older and older and the young aren't making babies, it's depressing. Italian would be easy to learn for me.

Translation please  

slope, shape and usd on the bid side(green) coupled with arithmetic

it is said in wizard school one should be vague or obtuse, and randomly grumpy at times...just doing the best i can    

Ah ah you succeed ! I see nothing looking like "9.8" on your charts. edit : thanks for the further explanation

Congrats on Legendary, funny how that happens in quick succession !

[explorer]

OT: The things I do for better peace of mind. Kinda sad.

C'est la vie.

  I remember the days of full pages of ignores.  I suppose I will have to update the list, as most of the old sock puppets seem to have faded away.  A new ATH should bring a new crop, I'm thinking.

[Last of the V8s]

wow long time no see, i was wondering from time to time, welcome back @explorer

[JayJuanGee]

OT: The things I do for better peace of mind. Kinda sad.

C'est la vie.

  I remember the days of full pages of ignores.  I suppose I will have to update the list, as most of the old sock puppets seem to have faded away.  A new ATH should bring a new crop, I'm thinking.

I remember the days when there was no need to announce who or which piggie you might not be ignoring.

The good ole days.  

“The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”  

The last line of George Orwell's Animal Farm; I love that quote.

[Biodom]

40000sq ft? (3500 m²)?
That's a palace.
I don't need a palace, i would rather have several smaller houses or even apts in cool places with either great weather or view.
Maybe Paris is good re weather, I never been. Weather and some "nature" like sea or lake or a large river, woods nearby are a must.
So far, choices like Hawaii, British Columbia, some places in CA, maybe Colorado are popping up. I used to like NY, not sure how it is now, though.
There are some great places in Europe too, but i would have to learn italian, spanish or portuguese to be there for longer time periods.

  you misunderstood, I was only talking about the plot of land. Like you can exit your house and walk a bit and you're still on your property. I don't need a huge house, although ideally some of the things I want take some space, like a big garage for nice cars, and a home cinema, but that can always be added later, if the plot of land is big enough. A pool, too. An uncle of mine has a big house (1500m²) and his younger wife spends her days cleaning... He used to own a castle near here, similar to this one (don't want to be IDed if I show the real one) : https://www.bellesdemeures.com/en/listings/sale/tt-2-tb-13-pl-26066/151598835/ The castle was of course impressive, but my memories (I was a kid) are all about the large park, with a pond, a river, a forest and even large game animals, all in the middle of Paris suburbs, it was great. Nowadays it's probably worth a literal fortune, but at the time my uncle couldn't keep up with the maintenance, it was crazy expensive. In fact in France you can buy similar castles all over the place with comparatively low prices for this reason, the only ones that are worth a lot are those with a great location.

Weather here is not great but not horrible, thanks to the Gulf Stream it doesn't get too cold nor too hot like in NY. I would definitely like to spend the winter elsewhere, a bit too much rain, and too long. That's more long term goal (fuck you goals...). In fact on top of the weather what bums me in winter is the short daylight, so either I move closer to the equator (thinking about French Polynesia or Vietnam) or I live in two places (summer in the Northern Hemisphere, winter in the Southern Hemisphere).

I have Italian roots and family there, plenty of good things to say about it, but the future of the country is worrying me, people are older and older and the young aren't making babies, it's depressing. Italian would be easy to learn for me.

yea, got it, thanks.

Lately, I start to consider the possibility that bitcoin will jerk us around for another 10 years and then all these ideas would be for naught (at least, for me).
In this unfortunate hypothetical, bitcoin's 2010-2017 period is like 1971-1980 period in gold, which was followed by a 20year bear market.
Like almost everyone, I am hoping for an additional bull in our secular uptrend to make an ultimate top at 150-300K before the long secular bear, predicted by quite a few, including masterluc. However, I consider the possibility that 2017 was a top as being a non-zero probability. To me, we are still nominally in the bear market.

Yes, the masses of money that were printed are impressive, but, paradoxically, this does not prove that this money "has" to go into bitcoin and in fact, most of it went into 5 top stocks plus Tesla instead. Markets are very complex. Like today, inflation was unleashed, but gold and btc said... "meh" collectively. I guess, because it was all pre-announced.

[BobLawblaw]

* BobLawblaw yawns and pisses in the general direction of ignored users

[AlcoHoDL]

"Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".

-Bruce Schneier

"I can state flatly that heavier than air flying machines are impossible."

— Lord Kelvin, 1895