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

[LFC_Bitcoin]

#JEneSUISpasmindrust

Guys, sorry for saying this but fuck crypto.

We are all going to die if they don't fix this shit soon. (or we'll wish we are dead) There are far more important shit going on and bitcoin's price is the last thing I am worried about right now. A lot changed in the last 24 hour.

They say millions will be infected how teh fuck bitcoin can go up with this little adoption?

Tbh I am not even sure if i want back in from 4500 I might cancel that order if its not filled by tomorrow too.

This is too much volatility for my mind. All I wanted was a car and a house and a job I love doing. I guess it was too much to ask from this life.

Curse the day I learned about this shit.

I am out of my position from 4550USD.

Few moments later it went from 4000 to 4800 after I sold.

I am a nocoiner now.

Only lost $2k from my initial investment but who knows how much I lost from my future profits.

I just deleted every signature gain, every fork gain I got.

It is on the exchange now. I am one click away. Cant do it.

I am in panic. So yes. It is going down.

IF by the time I get a confirmation it becomes $3k, I'll just forget about it. Right now I can get back what I invested. My signature earnings are completely erased though.

Going all out, last time I checked my local exchange wtill pays 5k for a piece. I must get out before they wake up. Waiting for the fucking confirmation

4700 already and no confirmation

I think I am about to capitulate .

I can live with one arm.

Death spiral.

Wait, what’s that I see?

$13,000

[gembitz]

Did we win yet?

I was told there would be cake.

BTC 100k victory lap ~you think cake grows on trees? Lol

[Gyrsur]

What about the new hat

WooooW

Thx xhomerx

the best hat you've ever worn, Bro!

[Gyrsur]

That is my point! I'm having 'issues' with seeing $20k BTC as Bearish! (come, on....my first BTC was made at $150 on Sept 18th, 2013 for crying out loud on

a KNC Jupiter Machine..that I had to email tech support as it had no frigging ON switch...for $5,313.80 usd for crying out loud...they had me use a cut off paper clip with

black elec tape at one end to JUMP the Corsair 1200 PSU for crying out loud! So I closed my eyes, and 'wet myself' a litle bit and bingo it worked But 'really'? $20k is

bearish in 2021? When the low as what? $3,400 usd in 2017? ...sheesh...

(on second thought, assuming you are right the 'worst' that can happen is $20k....er nerver mind you are correct...I'll just amble off now)

stop shitting on knc. they DID deliver. you think it would have been better to participate in any other pre-sale of that time, like cointerra? hashfast? and god forbid butterflylabs? the bitcoin you own you mined with knc. everyone and their grandmother was shitting on knc from the getgo.  I wanted to invest in mining in 2013 and thought a Swedish company (knc) would probably be the least likely to scam their customers. because of ethics. took the effort and took a flight to Stockholm to visit their headquarters. was able to get into first batch of first knc gear. (the invoice I got from knc had the # 00001) big thanx to their CEO Sam Cole.

folks who had invested in any of the competition got screwed royally.

here is a link to a medium post by Sam Cole.

https://medium.com/hackernoon/asicboost-655a73d48ae4

let's all remember our deeply sincere friend Josh from Butterfly Labs.  

[cAPSLOCK]

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.  But it seems they must recognize Bitcoin as having unique intrinsic value.  Obviously they are also thinking other "crypto" may as well.  But so be it. (I mean who am I, a Monero holder to judge? )

The only way this could be bad is if they were buying the other businesses to kill them.  But that does not make any sense.  They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are.  They are wrong about BCash, but aint nobody perfect.

[Hueristic]

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.  But it seems they must recognize Bitcoin as having unique intrinsic value.  Obviously they are also thinking other "crypto" may as well.  But so be it. (I mean who am I, a Monero holder to judge? )

The only way this could be bad is if they were buying the other businesses to kill them.  But that does not make any sense.  They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are.  They are wrong about BCash, but aint nobody perfect.

PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.

So they don't want people to know that they are trying to sell peoples keys?

What do they think, those clients will have an issue with PP owning them?

[JimboToronto]

Good morning Bitcoinland.

The battle for $13k rages on... currently $12940USD/$16977CAD (Bitcoinaverage).

A little sideways is probably good after this week's gains.

Go Bitcoin go.

let's all remember our deeply sincere friend Josh from Butterfly Labs.  

Who could forget.

Sure, I mined a few coins with my BFL before it became totally obsolete. I did earn money.

Still, if I'd bought bitcoins with the money I sent to BFL for my pre-order, I'd have a lot more now. The $650 I spent in February 2013 could have bought over 20 coins. Barely mined 5 coins before obsolescence.

An extra 15 coins always comes in handy. Phucque BFL.

[cAPSLOCK]

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.  But it seems they must recognize Bitcoin as having unique intrinsic value.  Obviously they are also thinking other "crypto" may as well.  But so be it. (I mean who am I, a Monero holder to judge? )

The only way this could be bad is if they were buying the other businesses to kill them.  But that does not make any sense.  They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are.  They are wrong about BCash, but aint nobody perfect.

PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.

So they don't want people to know that they are trying to sell peoples keys?

What do they think, those clients will have an issue with PP owning them?

Hmm that seems kind of dystopic.   My first thought was they are trying to establish their own solution for custody.

[Last of the V8s]

edit: unrelated to the ongoing convo, just a meme/art piece

@Corrosive  

[Hueristic]

Hmm that seems kind of dystopic.   My first thought was they are trying to establish their own solution for custody.

After watching Goldmann Ballsacks buy and rape Polo call me jaded.
That looked like a dry run to me.

[AlcoHoDL]

https://twitter.com/mmcrypto/status/1319559248125349888?s=21

Indeed

"Help muh famalie" LOL! Epic!

Super-cool hat too!

@LFC: Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...

[rdbase]

ppBTC now being listed on dark markets   0.8 to wBTC  
calling new improved Mark Karpeles reboot to head up Paypal BTC division

... it's actually a good thing, bitcoin could ruin paypal and if there's one bad implementation of legacy finance on the internet it is the abomination called paypal, that musk shat out when he didn't know any better.

The way big money corporations such as paypal, whos business is moving money around,
I wouldn't doubt they'd be looking for former experience in the space and who has had the primer of it than ex-boss of Mt.Gox

Paypal are green when it comes to cryptocurrency (they still have the clause 'can not use their services to buy cryptocurrency using paypal funds from another account holder' in their terms of service; they only want you to buy from them on their platform! ) and them assigning Karpeles thinking it will put a feather in their cap.

https://twitter.com/mmcrypto/status/1319559248125349888?s=21
Indeed

"Help muh famalie" LOL! Epic!

Super-cool hat too!
@LFC: Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...

Should I buy back? Haha! Nice!
I can see it being a classic just like their previous one I still listen to this day.
"Bitcoin wen go to moon?"

[Torque]

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.

I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago.

So why now?

The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it.

[vapourminer]

Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...

hey everyone has panic sold something at some point (admit now.. well, except bob with his titanium training) but that was.. well that was some next level shit.

[Torque]

#JEneSUISpasmindrust

Other mind rust quotes

Poor guy.

I still remember the "China bans bitcoin" crash of 2013 like it was yesterday. I was at the airport, watching the chart on my phone. It was all a nonstop sea of red straight down, and within an hour had falling well below my average buy in price. I felt sick, and certainly had many of these same thoughts.

But I hodled on. Refused to panic sell.

[bitebits]

In before fillippone

Grayscale Bitcoin Trust experienced inflows of $719.3 million during 3Q20. The Trust has seen its assets under management surge from $1.9 billion to $4.8 billion YTD. Read the full report here:
https://grayscale.co/insights/grayscale-q3-2020-digital-asset-investment-report/

[cAPSLOCK]

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.

I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago.

So why now?

The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it.

I CERTAINLY do not think PP's motivations are altruistic in any way.

But this continues to make my point.  Bitcoin does not care if you are altruistic or you are  bastard.  And it will crush you if you stand in it's way.  Over and over that has happened.  And I expect we will watch companies that try to game it, or own it, or overcome it, or break it be destroyed by it.  Possibly PP.

But I would think they can work any greed angle that aligns with the network.  Bitcoin does not care.

Also I think altruism can cause us to stand in the way of Bitcoin as well... and it will run over the altruistic just the same as the bastard.

[cAPSLOCK]

Volume says head fake IMHO.

[AlcoHoDL]

I CERTAINLY do not think PP's motivations are altruistic in any way.

But this continues to make my point.  Bitcoin does not care if you are altruistic or you are  bastard.  And it will crush you if you stand in it's way.  Over and over that has happened.  And I expect we will watch companies that try to game it, or own it, or overcome it, or break it be destroyed by it.  Possibly PP.

But I would think they can work any greed angle that aligns with the network.  Bitcoin does not care.

Also I think altruism can cause us to stand in the way of Bitcoin as well... and it will run over the altruistic just the same as the bastard.

Exactly.

The word "altruistic" is not in Bitcoin's vocabulary. In fact, it only understands 2048 words. The rest is hexadecimals and base58.

[VB1001]