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

[strawbs]

We’re certainly having to be far more patient this time around, compared to previous bull runs. I’m not the most patient person IRL but when it comes to The Corn, I have developed over the years an unfathomably strong ability to patience-HODL.

If you can develop a similarly strength, it seems guaranteed that the rewards will be immense. It’s just a matter of time. More specifically, how long can you remain patient? That variable will determine the degree to which btc will reward you. How big a reward you need is up to you.

That was my thought for the day while out for a run and microdosing

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[Toxic2040]

[JayJuanGee]

I know money does not buy happiness.  In fact it sort of seems like it might challenge it, lol.  But it *DOES* allow one to stop being a slave making someone else money.

money buys convenience and time (as in time to gauge the situation and plan accordingly..) and sometimes health. but happiness is where you find it and mainly a state of mind,. ive been poor and happy. well not poor as in starving to the point of deaths door but poor to the point where i did wonder what the next meal would consist of and when it would happen.. that is the suck im the 1st to admit.

anyway sorry to hear about that. i wont pull the "dont worry youll be fine" bit; thats an insult. but hang in there, we coiners have the advantage, we just need to ride it out a bit more.  doesnt mean its easy in the now though or that it will be guaranteed. just better odds than the nocoiners have.

Well, yes.

Sometimes we do just need to plod along in the here and now.   There was one point in my life that I had hung a goal on my bedpost, and my idea was to look at that goal every day and to make sure that every day I was doing something to make progress towards that goal.  The early stages of my engaging in that goal oriented behavior was to help me to go to university and to get through university - but surely, these days there are a lot of people who believe that university is not necessary - and surely for some people they might not need university, and other people may be helped by university... at least, helping them to be able to help themselves.  I am not proclaiming to have been the most productive in the world, but sometimes we can toil day by day and attempt to make progress little by little.. towards whatever goal(s) we make for ourselves (individually chosen, of course).

[cAPSLOCK]

Kraken Becomes First Crypto Exchange to Become a US Bank

https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law

This is another one of those news items that kind of just drifts by us as the world drastically changes.

I think soon we leave the gradually part of gradually, then suddenly.

[goldkingcoiner]

I've been there.

Though the label be-ith green. I like my Bulleit in the Rye variant.

Oh yeah alcohol in the pool.... That's a good idea if you like accidentally drowning.

[jojo69]

 

[Toxic2040]

re:Now what?


#dyor
1h



4h


D

#stronghands

[marcus_of_augustus]

SARS-CoV-2 genetically engineered .... confirmed

https://zenodo.org/record/4028830#.X19xByXZglR

... and probably Sars-CoV original in 2002-03.

https://www.youtube.com/watch?v=ETkxOTDT1_M

As I said at the outset, humans are historically only known to be susceptible a total of 4 coronaviruses (in ~ million years of evolutionary co-existent with coronaviruses), in reality only really 2 coronaviruses historically have been well-adapted to humans. .... until genetic recombination engineering comes along ... the rest is history, suddenly fucking 'novel' coronaviruses infecting humans every decade. Virologists should be hanged for monkeying (playing god) with humanity's genetic evolutionary future.

[nullius]

lose: unfind ... loose: untight

Its so good two C you’re hi regard for proper use of the English language!  I like it alot.

Some of us are well into the divestment phase.

HoDLer’s reaction:

Laf it up, funny guy/gal. You have absolutely no fckin clue.

Incidentally, did yer momma male, female, or non-binary gender identified parent not teach you that casting grotesque humor at others' phenotypes is rong?

Please don’t use offensive, exclusionary, cis-normative language that implies outdated gender rôles and cis-normative, heteronormative family structures.  Thank you.

I am so very, beary sorry that I hurt your feelings with my racially insensitive image of a dead bear.  Would it be better if I were to keep it along the lines of, “An Irishman, a Jew, and an Ursine Divestor walk into a bar...”?  The punch line must involve one being drunk, one being rich, and one getting killed selling his bitcoins—zing!


Whoops, not sorry.

Time for other replies later—I hope (famous last words).  Interesting posts are flying by...

[JayJuanGee]

* nullius pleases nobody.

So long as nullius pleases nullius, then who gives any shits?

Oh yeah, i forgots mi lil selfie about dee off-springenings.

Oops.  

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.

Would be the smarter move, but who said that Warren Buffet is smart?  

[strawbs]

SARS-CoV-2 genetically engineered .... confirmed

https://zenodo.org/record/4028830#.X19xByXZglR

I have no strong opinion either way (and I'm bored to death with this topic continually returning to the WO) but I'm curious to know why you have decided to believe a non-peer reviewed article which accuses peer-reviewed scientific journals of being censored? An honest curiosity.

Also, the very first line of this paper undermines its own credibility by stating that "COVID-19 has caused a world-wide pandemic, the scale and severity of which are unprecedented." The authors either don't understand the meaning of the word unprecedented, or are deliberately ignoring precedents in the form of previous pandemics of greater scale and severity.

But anyway, I'm now even more bored of this topic than before, and slightly ashamed of having responded. As such, I'm off for a sleep hodl.

[JayJuanGee]

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.

Huh, jbreher?

What's your rabbit hole story?  You may have said.  I cannot remember specifics.

You did not start buying BTC right away?  At least small amounts?  You may have sold too many too soon.  I think that i heard you reveal something like that, previously.

I have probably been interacting with you since mid-to-late 2014.. perhaps early 2015, and seems that you had accumulated some BTC in Bitcoin's pre-2013 era.

Sure, maybe a lot of us do not accumulate as many BTC as we retroactively conclude that we should have, and of course, June 2011 would have given you a whole year to accumulate single digit BTC and then a bit more than another 1/2 year to acquire BTC in the teens (below $20).

So, sure, there could have been some selling too much too soon (to the extent that you acquired very many).  

Another problem that seems to have been present in those early days would have been feeling comfortable with locations to buy, and by the time I got in late 2013, Coinbase had been decently established and in operation for a bit over a year from what I can see from my research..  So, Coinbase was pretty easy for me, even though they had buy limits, I don't recall running too heavily up against those limits, for some reason (although the first 30 days or so was the worst, while they were validating my account).
 Anyhow, the introduction of exchanges like Coinbase, and then Circle in 2014 and Gemini in 2015 (and sure some other exchanges, depending on location, too) did seem to help some peeps onboarding quite a bit easier in those early days of uncertainty regarding just how to safely to get a hold of some little fiends.

Some of us are well into the divestment phase.  

Probably one of the first times that you mentioned that mostly "divestment phase" perspective of yourself.  

Could be one of the reasons that you seem to have a decent amount of relative valuing of dollars rather than bitcoin?  Can't completely blame you for that without knowing many mOAR details.

On the other hand, such a purported status would not seem to justify your seeming tendency to have been spending many years gambling with long shot bcash nonsenses.

But, hey, many of us retain some amounts of internal contradictions in order to stay "interesting."  

Likely, I presuming that many of us are also familiar with that expression about consistency and hobgoblins.  

The confirmed science and math that Satoshi didn't understand has to do with how poorly this system functions as a currency. We tried it for a few years. It doesn't work. It's only a bad speculative vehicle, which now people realize and have been dumping for 4 years. The project failed. Neat idea, but fractional reserve banking is clearly better based on all proven and confirmed science and math. I'm glad Satoshi tried this out, but now we know it doesn't work and we can go back to the way things are proven to work best.

Too bad Satoshi wasn't a smart guy like Craig Wright.

To be fair, for the entire interval of satoshi's public involvement, transaction volume never came anywhere near the (relatively very high level for the time) blocksize cap that he enacted under prodding from his most significant collaborator.

Plus, he explicitly explained exactly how trivial it would be to increase said blocksize cap such that transaction volume was never artificially throttled. Extending to exemplary code. To the eventual exasperation of those of us who would like the system to exceed such exceedingly tiny limits. As reliance on such economicallly braindead external exigencies is extreme folly.

Those appeal to authority (attempted) BIG block arguments should be recognized as long rejected in terms of the costs of BIG blocks outweigh much if any benefits that could be derived from such BIG blocks, even if there were supposed benefits to such seemingly nonsensical and ongoing persistent disingenuous claims.

In other words, pretty much long settled that BIG blocks are not the way to go, whether we are talking about propagation times or inclusiveness of "little people."

I think that BIG blockers continue to persist with such nonsense arguments is that they are trying to preserve value in their bcash bags and justify any further pumpenings of either of those crap coins, to the extent that there are anyone willing to pump them (or to get retail interested in unwittingly supporting such scams).

[JayJuanGee]

My little fishy seems to have swum in to some cold water  

Not good.  

You better warm up such "lil fishy" or take some drugs at ur age (I mean get dee lil fishy to take some drugs).

Maybe you could get jbreher to help you out...? #nohomo.

We’re certainly having to be far more patient this time around, compared to previous bull runs. I’m not the most patient person IRL but when it comes to The Corn, I have developed over the years an unfathomably strong ability to patience-HODL.

If you can develop a similarly strength, it seems guaranteed that the rewards will be immense. It’s just a matter of time. More specifically, how long can you remain patient? That variable will determine the degree to which btc will reward you. How big a reward you need is up to you.

That was my thought for the day while out for a run and microdosing

Having personally lived through 2014/2015 and 2016, I feel way more relieved this time around as compared with that phase.

Sure, we had our lil Covid correction of March12 - but other than that, we have had some stupendous rebounds - including 3.5x price appreciation April to June 2019.. .Holy fucking shit.. never got anything like that in 2015.  On October 25, 2019, we also got a $3,000 price bump in 12 hours from $7,200 to $10,300.. which felt good man...   

I just don't feel that this particular situation has been as grueling, and for some reason, it seems as if the BTC price could have gone lower or stayed lower for longer, and it did not.

I just cannot consider this particular time around to have been grueling, so far, and sure, I would like some alt coins to get purged a bit more, but does not really seem to be happening, and I am not really sure if such purging is necessary.. I will be o.k. either way.. .

[Biodom]

I feel like many here are simply jelly of @jbreher and his whale-ness.
I am always eager to hear a person with a different (chain) point of view.

[JayJuanGee]

I feel like many here are simply jelly of @jbreher and his whale-ness.
I am always eager to hear a person with a different (chain) point of view.

Of course.  Coddle the

BIG

B
L
O
C
K
E
R


You big blocker sympathizer.   

[Biodom]

like, who gives a f--k..it is not 2017 anymore...that is done..and what's done is done.
there are bigger 'enemies' or rather 'competitors' arriving
this bolshevik/menshevik nonsense is way passé.

EDIT: OK, maybe the above comparison is exaggerated. How about big-endian vs little-endian?

[nullius]

like, who gives a f--k..it is not 2017 anymore...that is done..and what's done is done.
there are bigger 'enemies' or rather 'competitors' arriving
this bolshevik/menshevik nonsense is way passé.

That last is a candidate for some kind of a bad metaphor prize.  Wrong, wrong, wrong on so many levels.  Bitcoin is not an international conspiracy to enslave the world under the false rubric of “liberating” it, steal everybody’s property, and mass-murder as many people as practicable; and for my part, I am not a goddamn Communist.

The rest is myopic and foolish.

Fork attacks remain one of the biggest long-term existential threats to Bitcoin.  That is one of the four major risks that I would disclose in a Bitcoin prospectus, together with creeping regulatory and “KYC” attacks, miner centralization, and potential big-bank manipulation of the market.

The big blockers did huge damage—financially (in case for but the worst, you didn’t notice November 2018?), technologically (throwing monkey wrenches into Bitcoin development), and against adoption.  They should begone and stay gone—dump their remaining bitcoins for forked shitcoins, and fork the fuck off to hell.  I am so very much looking forward to a smooth Segwit v1 upgrade (Schnorr, MuSig, etc.) without the type of bullshit undermining that holds Bitcoin back.

The bitcoin.COM domain is still owned by a sleazy scammer who is abusing it to mislead newbies into fake Bitcoin.

Faketoshi.

I could continue, but it would be superfluous...

Likely, I presuming that many of us are also familiar with that expression about consistency and hobgoblins.  

Most people forget the very important qualifier in that quote.  Emerson speaks of “a foolish consistency”, viz., refusing for mere consistency’s sake to consider that one may have ever been wrong about anything whatsoever.  There is nothing glorious about being consistently stupid.

Some of us would argue that Emerson was generally full of it; but he was not wrong there!

(FWIW, in some clusterfork of a Reputation thread, I mentioned that I would offer jbreher a (virtual) beer if he ever consistently repudiated his beloved forked shitcoins and Faketoshi-apologia, and admitted that he was wrong about Segwit, Core, etc.  The offer stands.)

[JayJuanGee]

like, who gives a f--k..it is not 2017 anymore...that is done..and what's done is done.
there are bigger 'enemies' or rather 'competitors' arriving
this bolshevik/menshevik nonsense is way passé.

Some people do give fucks, and do not believe these matters to be done based on actual current happenings...

Ok.  Go sing kubaya with jbreher then if you think that there is nothing to learn from either his previous position or his ongoing insistence on whining about various BIG blocker talking points, bitcoin bashing and spreading misleading information.

How can you, Biodom, appreciate which part(s) of the attack vector(s) is (are) the important one(s)?

Jbreher keeps defending various BIG blocker, bcash and other nonsense talking points.  He also believes that some of those shitcoins are going to have a reckoning when BTC's blocks supposedly get jammed in our upcoming blockalypse or whatever he is currently calling it.

Sure, it is likely that you and I are not going to get mislead by the various bullshit BIG blocker talking points (well, maybe I should not speak for you because you seem somewhat receptive to sing kumbaya), but there are a variety of shitcoin advocates who are still misleading normies into their shitcoins by suggesting: 1) bitcoin is broken, 2) bitcoin is grandpa coin, 3) bitcoin is too high priced (unit value), 4) their shitcoin has more pumpamentals than BTC 5) and various other similar nonsense shitcoin talking points. 

Fair enough that I don't give too many shits if some gullible folks get sucked into that ongoing nonsense because they want to get rich quicker than reasonable and they are stupid, but the shitcoin advocates also suck in a lot of regular and innocent people too.. and sometimes they even turn people off of bitcoin because they are misleading them about their various shitcoins, and then when they get burned with shitcoin A, B and/or C, they do not appreciate the difference between bitcoin and those various other shitcoins for years and years later (if ever).

I am not going to just lie down and listen to shitcoin advocates spout out various nonsense (whether direct or indirect) without at least making some attempt to clarify the record or to point out that they are appealing to naive aspects of all of us including our desires to short cut the process of getting rich....

Many of us, if we can get rich quicker, many of us would take those kinds of opportunities, but many of us have also learned through our years participating in this space that there are a lot of snake oil salesmen out there who are trying to deceive with subtle distinctions that people do not understand, and good for you that you are so blind as to not believe that jbreher is one of those snake oil salesmen because he also has a relatively long history in bitcoin... or whatever other misleading aspect that you are getting sucked in by, Biodom. 

I have not heard jbreher say that he is giving up on those various bcashes, his desires to bash on bitcoin for small blocks or segwit and/or his various ongoing sympathies for other projects to pump instead of bitcoin, and his kind of hope to show us all that he told us so about the blockalypse.. blah blah blah.  He is ongoingly spouting out such nonsense when he gets such opportunities (which is not always so frequently since bitcoin does tend to outperform any of the shitcoins, but jbreher can still frequently find an angle to pump nonsense), including some of his posts from today. 

Not only does Jbreher frequently fail/refuse to bash misleading  shitcoin talking points, many times he is spouting out such shitcoin talking points when he gets the chance.. and frequently with way too much passion for the extremes of some of the nonsense trying to make the nonsense seem to be reasonable (which is a form of deception and misleading), way too much ongoing spin of information.  Innocent people get mislead by these deceptive matters.  You don't think so, Biodom?

Sure we cannot save everyone from those kinds of misleading and deceptive talking points, but we should be willing to appreciate ongoing behaviors of some of our members to bash bitcoin, pumping bullshit projects with bullshit and misleading spin points... .. .   

[jojo69]

[Toxic2040]