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

[Tash]

Major exchange OKEx suddenly suspended crypto withdrawals while one its key custodians cooperates with an investigation, shaking the crypto markets

Also the founder got detained: https://www.btctimes.com/news/not-your-keys-not-your-bitcoin-okex-freezes-withdrawals

[Rhetorical] Why do people still keep massive funds at exchanges?!

Now thats a surprise, some exchange troubles in cryptoland. totally unexpected.
One worse than the other, nothing more than crap-coin paradise.
 Not your keys not your coins.

[Paashaas]

Global cases rises to a record of 400,000 infections in one day for the first time.

Rapid resurgences in Europe and the US midwest.

Flu season just started. Stay save.

[nullius]

Just because politicians have seized onto this for their advantage does not mean it isn't real.

^^^ This.

What is politically more convenient than a fake problem?  A real problem, which can be aggravated by cures worse than the disease.

The emergency may be a more or less real problem.  For example, the Roosevelt gold seizure exploited panic over the Great Depression.  No reasonable person denies that the Great Depression caused widespread worry and suffering.  I must mention this explicitly, because imbeciles the feeble-minded the subnormal Americans mental retards persons with intellectual disabilities irrationally assume that tyrants can only exploit fake events.

[xhomerx10]

the private key can be calculated in a million years on a single processor or in 2 years one of the 590000 keys from addresses with a balance of more than 1 bitcoin

https://bitcointalk.org/index.php?topic=25804.msg55390961#msg55390961

 So are we all fucked or just you¹?

¹hint: check your math

[nullius]

the private key can be calculated in a million years on a single processor or in 2 years one of the 590000 keys from addresses with a balance of more than 1 bitcoin

https://bitcointalk.org/index.php?topic=25804.msg55390961#msg55390961

 So are we all fucked or just you¹?

¹hint: check your math

LOL.  Before I saw this, I had just replied with some Confirmed Maths!

Is that idiot spamming for some purported Bitcoin cracker?  If so, I should be reporting spam rather than replying.


Edit:  He just replied again.  It really looks like spam.  Reporting to moderator—not replying further, unless the mod ignores my report.

Edit, edit:  Wow.  Tagging, too.  (My forum skills must be getting rusty, if I did not check his trust page first!)

[JL0]

https://twitter.com/100trillionusd/status/1317075205374791681?s=21

[FIFA worldcup]

[fillippone]

https://twitter.com/100trillionusd/status/1317075205374791681?s=21

Gentle reminder S2F doesn't take demand as an input.
As many other models (Black and Scholes) their assumptions and mechanics are independent from demand dynamics.
And this model has an R^2 of 95%: this means all other factors but the S2F have an explaining power of the Bitcoin price of 5%.
Not work investigating inho.

Your fellow S2F Zealot,
Filllippone.

My Gospel:
Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity

[DaRude]

https://twitter.com/100trillionusd/status/1317075205374791681?s=21

Either institutional buying is greatly exaggerated, or someone is selling a ton. Pick your poison, time should tell as one is much more sustainable than the other.

[bitebits]

Institutional buying, next to OTC, is placing limit orders under the current spot price. Michael Saylor managed to obtain his 38k bitcoin like this in under 8 days without moving the price upwards (but perhaps decreasing the downward pressure?). FOMO market buying is for retail.

[Febo]

Either institutional buying is greatly exaggerated, or someone is selling a ton. Pick your poison, time should tell as one is much more sustainable than the other.

They bought. They are not so dumb to shill Bitcoin and then start buying., They bought and finished. Now are shilling. When price will increase will dump. and keep a long ago decided %  of their portfolio.  Those people that thinks they bought those BTC and will keep them forever after are ....   They bought Bitcoin as a hedge. This % of their portfolio and will keep it that way.

[explorer]

Either institutional buying is greatly exaggerated, or someone is selling a ton. Pick your poison, time should tell as one is much more sustainable than the other.

They bought. They are not so dumb to shill Bitcoin and then start buying., They bought and finished. Now are shilling. When price will increase will dump. and keep a long ago decided %  of their portfolio.  Those people that thinks they bought those BTC and will keep them forever after are ....   They bought Bitcoin as a hedge. This % of their portfolio and will keep it that way.

My take is that they would lean toward allowing the % to increase.  Some portfolio balancing as they go along, for sure, but the stated point (not nesecarily the actual point) was to get OUT of dollars.  Not sure what else to dump it into once it starts doubling and doubling and doubling again.

[DaRude]

Institutional buying, next to OTC, is placing limit orders under the current spot price. Michael Saylor managed to obtain his 38k bitcoin like this in under 8 days without moving the price upwards (but perhaps decreasing the downward pressure?). FOMO market buying is for retail.

Process is irrelevant, supply and demand. If price is staying the same, either demand is not there, or supply (of coins for sale) is (temporary) increased.

[DaRude]

Either institutional buying is greatly exaggerated, or someone is selling a ton. Pick your poison, time should tell as one is much more sustainable than the other.

They bought. They are not so dumb to shill Bitcoin and then start buying., They bought and finished. Now are shilling. When price will increase will dump. and keep a long ago decided %  of their portfolio.  Those people that thinks they bought those BTC and will keep them forever after are ....   They bought Bitcoin as a hedge. This % of their portfolio and will keep it that way.

Maybe, bought but now stopped buying and shilling, waiting for others to step in for domino effect.

[BobLawblaw]

I have not been sleeping well, lately.

I merited this post because I entirely misread it.

As penance, I'm dumping my merit load on everyone I have - unignored - below the idiot post I merited.

I hope Joe Biden rots in hell.

[strawbs]

I hope the facade of democracy rots in hell. Unlikely though, due to sheeple. And reasons. And probably science and math(s).

[LFC_Bitcoin]

Has Bob shot his load?
I was hoping to taste some
I think he is dry

#nohomo
#haiku

[Last of the V8s]

[nullius]

I hope the facade of democracy rots in hell. Unlikely though, due to sheeple. And reasons. And probably science and math(s).

What façade?  Democracy is working.  It is manifesting the logically inevitable results of its first principles.

• Communists:  “True Communism has never been tried.”
• Capitalists:  “Capitalism: The Unknown Ideal”—replete with essays by a young Alan Greenspan condemning the Federal Reserve system, and calling for a return to the gold standard.  (Protip:  Ayn Rand was at heart a Communist, but she decided that she preferred suits and tophats to leather jackets and overalls.  I say this after having read all of her published works.)
• Protestants:  “Catholics are pagans.”
• Catholics:  “Protestants are heretics.”
• People raised from birth with democracy, who never pause to question their unexamined assumptions:  “If only we had true democracy working as intended, it would be Utopia!”

I don’t want to put words in your mouth, strawbs; the “façade” remark just hinted at a worldview that is oft stated more explicitly, by those who seek to purify democracy against lobbying, campaign finance, party politics, or whatever other excuse they find to avoid condemning a system that is working exactly as intended.

[Biodom]

You want to talk politics...fine...but I am not interested in the current choice of two "pensioners".

What I am interested is:

1. Is this the decline era for the US "empire"?
2. If no...nothing. If yes, then would that decline be more like the decline of the British Empire (BE) or more like the decline and fall of Rome?
3. If like BE, then...nothing. If like the decline and fall of Rome, then we could be up for a few decades to few centuries of unpleasantness (Dark Ages II).
For the history buffs, it is thought that Justinian plaque (most likely caused by plague bacteria- Yersinia pestis) finished the Roman empire.
Maybe something rhymes here.

What's your take?