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

[explorer]

The knock on effects of the PayPal announcement interest me more tho

https://twitter.com/chamath/status/1319043760831909894

True.  Love it or hate it, everyone must take notice.

[Searing]

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.

IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).

Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there

is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL

wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big

deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.

(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'

to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy

what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.

(now, am I gonna get beat up on WO for this post!) Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to pass

I'll take the fall on this post then)

Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.

Brad

This reasoning reminds me of our old friend mindrust... 

Hey, I may be an old, slow, bull...but I'm still walking up the hill for BTC price....if I don't catch up and you feel the need to blow past $50k DON'T WAIT FOR ME!

[Searing]

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

KNC IN THE ABOVE is just dandy...but it was me! I was freaked out that i paid that $$$ to KNC as a 'newbie' and they had no frigging SWITCH on the machine...
it gave me pause indeed! I mean...a frigging newbie...the unit arrived full of water...and box in tatters/soggy...(not knc's fault) it was a rough day for my
newbie self...looking for the damn switch!

[JL0]

Newest Update from Pentarhudi aka Masterluc



"Bitcoin approaches short term strong resistance: upper trend line and upper BB border. I completely not sure it can beat them both from 1st try on weekly candle."

[Searing]

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.  

Yep, got 'banned' from BFL Chat Forum blamo/guick ..stating that how did we know that BFL was not just 'strining us along' with their promises...then a mess of folk

defended me and were banned...I cancelled a 2nd 8k order from BFL on the last day of Paypal and got a KNC miner (with line drawings on the www page..sigh..

I was such a clueless newbie)....I also did (by chance) get re-imbursed my other orders from BFL a week before the SEC shut BFL down...indeed they must have gotten

wind of such SEC actions because that only lasted about a week before...but that was just luck..I was not screwed and about 1 year after I wrote the works off.

BFL what a bunch of assholes ..the SEC bankrupted BFL the company and I think it was only a $30k fine 'split' between 3 people..so they got to keep all that

BTC they mined by not shipping miners..quite the sucessful scam back in the day. Josh .sheesh..what a 'tool'

[Last of the V8s]

ree: the un-news-worthy laptops

https://twitter.com/judithrose91/status/1319355777631436800?s=20

my god but this second term is gonna seem like the longest ever. the ree-ing will be soo tiresome

edit she must be a plant surely. it's too perfect https://twitter.com/judithrose91/status/1316881081040138241?s=20

[Biodom]

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

KNC IN THE ABOVE is just dandy...but it was me! I was freaked out that i paid that $$$ to KNC as a 'newbie' and they had no frigging SWITCH on the machine...
it gave me pause indeed! I mean...a frigging newbie...the unit arrived full of water...and box in tatters/soggy...(not knc's fault) it was a rough day for my
newbie self...looking for the damn switch!

you forgot to mention the 24pin cable short on the PSU that PSU makers did not include back then.
It took me a while to figure that one out, lol.

[Torque]

ree: the un-news-worthy laptops

https://twitter.com/judithrose91/status/1319355777631436800?s=20

my god but this second term is gonna seem like the longest ever. the ree-ing will be soo tiresome

edit she must be a plant surely. it's too perfect https://twitter.com/judithrose91/status/1316881081040138241?s=20

It's like witnessing a hard-left liberal just minutes after the red pill they just swallowed starting to take effect... the hypocrisy is real

[DaRude]

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.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good thing is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

[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.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good think is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

Reminder: Not just Honey Badger.

It's those 3 other shitcoins that they have no business exposing their shareholders to, as well as to their users.

Also, it's criminal they don't allow their users to actually hold and transfer the crypto that they are buying. If they allowed that, I wouldn't be so sour on PP, I'd be applauding them.

[philipma1957]

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.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good thing is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

I won't mention other 3 coins they are selling.

BUT I will say this.  MY gpu's mining shitcoins on nicehash have increased their earnings 20% since  PayPal starting selling coins.

At least some people understand the complexity of the crypto universe

  What coins existed when btc cracked 1000 usd the first time.

hmm was it btc and no other coin? nope it was multiple coins.
and when btc cracked 10000 for the first time was it btc and just the coins from 2013 nope it was additional multiple coins.
when btc cracked 20000 for the first time and it did here and there back in 2017 they were many coins.
I propose that when it cracks 30000 for the first time. it will not only use multiple coins it will use

paypal
and a few major banks to get there.

To clarify if you can relate to this quote.

"honey, just let put the tip in"

you can understand that a whole new birth of crypto is almost there.

[DaRude]

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.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good think is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

Reminder: Not just Honey Badger.

It's those 3 other shitcoins that they have no business exposing their shareholders to, as well as to their users.

Also, it's criminal they don't allow their users to actually hold and transfer the crypto that they are buying. If they allowed that, I wouldn't be so sour on PP, I'd be applauding them.

Oh don't diss on the chikhun. Would i prefer them to only stick to BTC, sure, but i'll take any adoption. If there's a demand to withdraw they'll have to adapt or will be left behind, if majority don't want to custody their own coins you can't force them. If there's no demand for shitcoins once Ver runs out of money they'll delist.

[DaRude]

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.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good think is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

Reminder: Not just Honey Badger.

It's those 3 other shitcoins that they have no business exposing their shareholders to, as well as to their users.

Also, it's criminal they don't allow their users to actually hold and transfer the crypto that they are buying. If they allowed that, I wouldn't be so sour on PP, I'd be applauding them.

Oh don't diss on the chikhun. Would i prefer them to only stick to BTC, sure, but i'll take any adoption. If there's a demand to withdraw they'll have to adapt or will be left behind, if majority don't want to custody their own coins you can't force them. If there's no demand for shitcoins once Ver runs out of money they'll delist.

Also, don't forget that BTC is somewhat of a competition to PP. If they let users withdraw and send BTC to each other, what's stopping users from  cutting PP out as the middle man and sending transaction directly? It's silly to be pissed at the company for not shooting themselves in the foot.

[lightfoot]

It's like witnessing a hard-left liberal just minutes after the red pill they just swallowed starting to take effect... the hypocrisy is real

Well, because I believe in flat facts over all, I brought up some documents I typed up on finances on election day 2016 and compared the values to election day 2020.

As of today, my net worth (assets minus liabilities) has doubled in value. Granted bitcoin was at 707 then and is at 13,000 now but every asset class I have is way up.

So... there you go. Unlike Bush, the last 4 years really paid off.

(Edit: I did some more analysis: From 2004 to 2008 my NW didn't do anything. From 2008-2012 it tripled, thanks to some deals I made while the world was ending. From 2012 to 2016 it went up 60%. So 100% from Trump is good for a Republican.)

[Biodom]

Not directly related to bitcoin (yet), but an interesting legal case about "code is the law" argument.
If it goes to court, it would be a first one of this sort (in US, precedent-making).
https://www.theblockcrypto.com/post/82232/code-is-still-not-law-contrary-to-new-crypto-lawsuit

[jojo69]

https://www.youtube.com/watch?v=1SoJI_KNV0Q

[lightfoot]

https://www.youtube.com/watch?v=1SoJI_KNV0Q

God that woman's mouth is mesmerizing....

[VB1001]

MEX

[FullNode]

WO gang I have added a poll to the thread of how long you are connected daily to bitcointalk,link
https://bitcointalk.org/index.php?topic=5228859.0
Cheers

[Karartma1]

I criticised PayPal thingy a lot yet I have to recognise how this move will be shaking the financial world from their very foundations. I am actually so happy to hold even such a small stash during these days. It feels good to be part of something so revolutionary.



#stronghands