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

[Toxic2040]

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#dyor
1h


4h

#stronghands

[DaRude]

Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets? Risk of ban will get smaller and smaller when more listed companies follow MSTR.

https://twitter.com/100trillionusd/status/1306119800255639559?s=21

If Apple and Microsoft announce a long term holding position in BTC

Along with Samsung ,AMD and Nvidia.

500k a coin could happen.

Something to dream about.

It's a step in the right direction, now lets not talk about it, the longer BTC manages to fly under the radar the better

Better for whom?  

For BTC, for the Govs not so much  

Not sure how slowing down adoption and preventing BTC from mooning is better for it? Maybe its better for shitcoins and fiat but not for king BTC...

Widen your thinking outside of narrowness of short term speculations, moons, lambos, and shit coins. Governments will not give up monopolies over their currencies willingly, it can go two ways, the easy way or the hard way. And it's in our best interest for it to go the easy route in the US. The more BTC integrates itself into the financial system, the harder it'll be to fight it as porno/drug/pedo/terrorist money. Now while the world is preoccupied with pandemic/elections/natural disasters let's see that ETF. Patience, time is on our side.

[VB1001]

I want to print and hang it on my room.

Here you have a link to the Hat Gallery in a larger size, place the cursor over the image and click on it, you will have the gallery in large format.

https://i.imgur.com/Y2EKCiH.png

I hope it is useful to you, I cannot make it bigger without losing quality.


edit: updated www.wohats.com philipma1957

[nullius]

Your life will sum to zero, and you will be quickly forgotten:  Genetically forgotten, memetically forgotten, extinguished body and soul as if you had never existed.

Hunh. Username checks out.

Good catch! +Merit... it made me laugh. Then I read the whole post of his and made me sad. What a f^cking nihilist.

An exemplary failure of reading comprehension:  Reading a post that condemned the nihilism of those who live only for today, and then calling its author a “nihilist”.

There are some things money can’t buy—such as someone to whom to leave your money.

Anyway, yes:  Good catch on a nym that I have only been leveraging for more or less subtle puns and allusions for about the past three years.  Including in the referenced post, and a bunch of others that I recall making in WO and elsewhere.

* nullius pleases nobody.

It is supposed to be a coded secret message for the Illuminati; I fear now that jbreher has discovered THE TRUTH!  It is all a part of a secret Illuminati/Blockstream Segwit plan to steal Bitcoin from its creator, Dr. Craig Satoshi Wright.  You see, I have been declaring my true intentions all along:

Bitcoinum nullius est:  Bitcoin is nobody’s—“owned by nobody... controlled by nobody”

Damn, I thought that nobody would notice.

...instantiating a de facto dictatorship—not potential dictatorship, actual dictatorship, right now, today!  Nobody notices.

* nullius is nobody.

[Biodom]

coinbase pro will now charge fees on outgoing transfers.
additionally, they seem to be hell-bent on "de-fi", listing a whole bunch of itsy-bitsy tokens (like Loopring ??) when much larger (cap-wise) tokens are still unlisted.
oh, well

[jbreher]

You would think an MIT grad and subsequent computer simulations modeler would've understood Bitcoin back in 2013.

I'm no MIT grad and I got it almost immediately back then.

Hell within a few days of research, I completely understood how groundbreaking a breakthrough it was, and how it would fundamentally change the financial world.

While that all makes sense, one must first actually stick their head in the rabbit hole before one can start to understand.

edit: 'tis one of my regrets that I did not give the rabbit hole more than a cursory glance at first sight. Oh well. C'est la guerre.

[LFC_Bitcoin]

@Workedia
BTC whales are no longer making deposits on the exchange. Without whale deposits, there is no dumping, and in the long run, it could indicate a bullish signal.

The 90-day moving average of the ratio btw the whales' deposits and total exchange inflow renews low ..
https://twitter.com/workedia/status/1306664932629389312?s=21



Bullish....

[_javi_]

https://twitter.com/100trillionusd/status/1306601195721625600?s=21

I pray the Lord they have strong hands. They were naysayers years ago.. what if they change their mind again?

I dont like a new whale.. I prefer tons of plankton

[jbreher]

So, are there any knife catchers left trying to gain from 5 min 1-2% drops? They must be completely blinded and not being able to see the big picture.

Some of us are well into the divestment phase. Given that that is an actual thing, if you cannot see the advantage in harvesting the substantial interim volatility, then it is you that is blindeded.

[friends1980]

https://www.wohats.com
https://bitcointalk.org/index.php?topic=178336.msg55110194#msg55110194

El Royal Dudeness, is this the Dude drinking a scented candle, and if so, which scent?



[edit: original way of beating bad breath though]

[jbreher]

I don't get quantum computers. Why build one? What's the point?
They only talk about destructive purpuses: "with a quantum computer we can break this or that".
If it's only useful as a doomsday device, then stop trying to make one, dammit!

...starring Phil_S as President Merkin Muffley...

Quantum computers will be built. Regardless of any particular entities' desire for such. (And despite whether or not their nature as true quantum machines is real or imagined, which seems to be still a topic of some discussion) Technology has its own evolutionary imperative, to which we mere humans are only tools.

And to be able to deal with such eventuality -- and the implications thereof -- one must study such thingies. And in order to properly study such, one need be able to poke and prod an actual specimen of such. Hence the defensive need for such development, even if one is not interested in quantum computing for its own sake.

[jbreher]

https://www.wohats.com
https://bitcointalk.org/index.php?topic=178336.msg55110194#msg55110194

El Royal Dudeness, is this the Dude drinking a scented candle, and if so, which scent?



[edit: original way of beating bad breath though]

Gwynneth Paltrow's vijayjay.

After her visit to snowy moksva, presumably
edit: for coffee

[nullius]

Some of us are well into the divestment phase.

HoDLer’s reaction:

[Dabs]

I don't get quantum computers. Why build one? What's the point?
They only talk about destructive purpuses: "with a quantum computer we can break this or that".
If it's only useful as a doomsday device, then stop trying to make one, dammit!

Lot's of things were invented by ... by their inventors for altruistic purposes. Explosives, Dynamite, the atom-bomb.

I believe there will eventually be quantum computers, but they'll never break 256 bit encryption as we know it today, or rather they won't be able to brute force it. They will break something else, or find some weakness, but it seems very unlikely.

[jbreher]

In this moment I am ithyphallic.

I musta read that wrong. Initially, I thought you had a sexual fetish for fish.

[PoolMinor]

What ever happened to goldy man, I would mention the name but we don't need that beetlejuice shit happening.

After nearly 7 years silver finally doubled and gold up 50%.

As a Bitcoiner who has also always been a goldbug at heart, I never understood why some Bitcoiners feel a need to bash gold.  It is understandable that some goldbugs may be reasonably (i.e., unlike r0ach) skeptical about Bitcoin, given that gold has a millennia-long proved record, and will survive the demise of yet another civilization (= no electricity, no Internet, no billion-dollar fabs making chips...); Bitcoin is a radical leap into uncharted territory, not the comfortable, conservative, non-risky (except for risk of theft, especially government seizures) asset.  But why is there any Bitcoiner antipathy toward gold?

I see the two as complementary.  Each has valuable properties that the other lacks.

For those looking for a store of value and not a get-rich-quick Ponzi, who cares if gold is “only” up 50% in 7 years?  That is not the point.  In a finite universe, no asset can infinitely increase in value forever.  In a high-entropy world, the greater problem is to keep value.  Gold will do that.  Indeed, gold and its lesser brethren in the precious metals asset class are the only non-immovable, major market assets which are guaranteed to never go to zero.

Gold is the supreme hedge against the total collapse of all industry and technology.  It is an asset that will assuredly retain its value a thousand years from now, or in ten thousand years, or longer—if humans still exist.  Civilizations come and go; gold stays valuable.  Are you really a long-term thinker?  Buy gold.  Take delivery.  And have heirs.

Whereas gold is just not very useful in the present.  Not in the daily “I need to buy and sell things” sense.  Maybe it could be, if society were different—but then, this whole discussion would be otiose.  If society were different, then children would obey their parents, marriage would not be a sham, governments in so-called “free” countries would not be extractive gangs of armed robbers and mass-murderers, people would ordinarily use gold as money...  What was I saying?

With considerable effort, but much less effort than would be necessary with gold, I obtained Bitcoin with total anonymity.  I can and do send bitcoins around the world at the press of a button, and receive bitcoins from anyone, anywhere just as easily.  Bitcoin is incomparably more portable than gold, more divisible than gold (unless you have the facilities to melt and reform a metal with a high melting point), and, all things considered, so very much easier to secure (if you know what you are doing).

Bitcoin makes life better today, and promises to make life even better tomorrow.  Therefore, people want it—therefore, it is valuable.  I could explain further, but that would be preaching to the choir here...

The two are so different, and both valuable—why not have both?


P.S., characterizing r0ach as “goldy man” is like characterizing a “WHEN MOON???” Ponzi-loving get-rich-quick forum sigspammer as “Bitcoin man”.  Picking the worst, lowest-credibility person purportedly connected with something as a representative of that thing is a pretty good broadbrush smear tactic—often used against Bitcoin, too.

P.P.S., in a matter with real impact on my life and the lives of others here:

Go, Bitcoin, go!

Are you really a long-term thinker?  Buy gold.  Take delivery.

Buy bitcoin, much better store of value over the ever inflating fiats of the world.
Should/could ask why PM are "worth" more yet the functionality hasn't changed nor the scarcity.
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That's 1 time denoted in "pink", 2 more and we get a bonus revisit.

[jbreher]

News in btc:

https://twitter.com/msantoriESQ/status/1306236234675740672

@Krakenfx
 just won approval to create America’s first crypto bank.

Haha! Score! Extra points for having 'Little chained-up pens'!

Mostly, triple score to State of WY for legislating that SPDIs maintain 100% reserve requirements.

[d_eddie]

If Apple and Microsoft announce a long term holding position in BTC

Along with Samsung ,AMD and Nvidia.

500k a coin could happen.

Something to dream about.

you forgot to add Berkshire Hathaway
And I'm not sarcastic.

They've just stepped into gold at least indirectly: 560M$ or something like that ( https://www.marketwatch.com/story/warren-buffett-undergoes-a-conversion-on-gold-should-you-follow-him-2020-08-17 ).

A similarly sized position in BTC is not out of the question, and apart from mechanical market effects, it would certainly have huge "marketing" consequences when it gets disclosed at the end of the quarter.

[Toxic2040]

1h


4h


D

[jbreher]

As a Bitcoiner who has also always been a goldbug at heart, I never understood why some Bitcoiners feel a need to bash gold. 

I'm going to preface this with a statement that I was a PM holder before a Bitcoiner. I still have significant investment in PMs. I have no plans to divest such. That said...

Gold is the supreme hedge against the total collapse of all industry and technology.  It is an asset that will assuredly retain its value a thousand years from now, or in ten thousand years, or longer—if humans still exist. 

While I think the chance of this staying true at least for my lifetime* is better than 50-50, I'm not so sanguine about gold's longer-term prospects. What exactly makes you so sure of such?

*(and I hope to buy the best of life extension tech as it comes to market, though I may not be among the first cohort to reach escape velocity)