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

[elrippos friend]

A small selection of abandoned military facilities of the past ^Offtopic...

• American Sherman tank off the coast of Saipan

• Soviet radio telescope, Latvia

• Runways on Tinian Island, Mariana Islands

• Small fort in the Philippines

• Tower forts built during World War II to protect against air attacks off the coast of England

• Hangar for military aircraft carved directly into the rock in Yugoslavia over 3 km long

• Anti-missile base, North Dakota, USA

• Experimental eavesdropping devices, England

• NATO submarine base in the rock, Norway.

Those are the ones were we actually have pictures from 

[1714022029]

1714022029

[1714022029]

1714022029

[1714022029]

1714022029

[icopress]

Nice collection. Another one worth viewing is the Soviet Union's version of an "Ekranoplan", a type of flying ship that uses the ground effect to effectively "float" a few meters above sea level.

Wow cool pictures ..

These are photos from my blog (published back in 2015) I have the second part of this collection and the collection of marine cemeteries.

I'm not sure where it is better to publish all this, here or create a separate thread in "Off-topic"

[Xinarae*]

Bitcoin price spikes 5% to $13.5K shortly after ECB stimulus announcement



https://cointelegraph.com/news/bitcoin-price-spikes-5-to-13-5k-shortly-after-ecb-stimulus-announcement

When the price of Bitcoin moved below $13,000, technical analysts said BTC is at risk of dropping to $12,700 and lower.

but I think that $13000 strong level but $19000 hit to possible but dump that then see $12700 not stable dump $12700 to spike $19000+ next 2-3 weeks, some time to that price $13000-$14000 the last time.

Observed price
1 Bitcoin equals=$13274 USD

[bkbirge]

I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough.  Or is it just me?

It's not just you. At that level it seems less about bringing freedom and securing a future than it does about collecting the world's wealth into yet another segment of the uber rich. A sort of tech version of the Cantillon Effect. I'm not saying I wouldn't do the same if I had the resources but it's kind of kicking sand in the BTC narrative of equality and opportunity for the unbanked. Just more of the same story of the rich getting richer, anyone arguing otherwise maybe isn't looking at it from the point of view of the masses. Wherever you land on that argument I'm guessing that level of accumulation isn't something most of us would make public.

That's kind of what I have been thinking - like he is doing more than just getting a meaningful stake in BTC, and maybe I am just having difficulties relating to that level of rich - even though I can relate to the idea that none of us should want to have our wealth eroded away.

Regarding disclosure, maybe he felt some kind of duty (or potential legal obligation) to error on the side of overdiscloser - even his personal hodlings - I am not sure.. of course, he did have obligations to disclose matters to shareholders, and maybe since the shares are public rather than private, anyone could end up being (or becoming) a shareholder, so his personal stake in BTC may well be relevant to that matter.. I am not sure.

Good point, didn't think of that. Still, I'd expect public disclosure to be in the form of a filing, not a tweet. Maybe as you say it's erring on the side of caution for him.

[600watt]

it is so satisfying to see "alt season" and "the flippening" playing out exactly like anticipated. 

death to all the shitcoins! 

[Phil_S]

I bet it's one of you guys who is responsible for this:

https://www.reddit.com/r/funny/comments/jkpk62/amtrak_train_collides_with_a_track_full_of_snow/

[philipma1957]

it is so satisfying to see "alt season" and "the flippening" playing out exactly like anticipated. 

death to all the shitcoins! 

If this happens btc will simply become a banker tool bro.

Read my signature and understand why the alts are needed.

or just realize


Kings need dukes, knights, pages, jesters so on and so on.

[JimboToronto]

Good morning Bitcoinland.

Still over $13k... currently $13593USD/$18130CAD (Bitcoinaverage).

We need to pass $14k with some decent volume and then move on up.

This weekend maybe, or will the USA "election" delay things?

Go Bitcoin go.

[julian071]

Bitcoin price spikes 5% to $13.5K shortly after ECB stimulus announcement

Yeah, how can you NOT buy some corn with a loan with negative interest AND massive inflation looming. Absolute total nobrainer.

[hossamdz]

i see that the volume spikes are the same as in the past ( months ago ) and i believe with this much of liquidity we are not going to up too far , lets hope bitcoin can hold 13 k $ for the main while .

[JayJuanGee]

I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough.  Or is it just me?

It's not just you. At that level it seems less about bringing freedom and securing a future than it does about collecting the world's wealth into yet another segment of the uber rich. A sort of tech version of the Cantillon Effect. I'm not saying I wouldn't do the same if I had the resources but it's kind of kicking sand in the BTC narrative of equality and opportunity for the unbanked. Just more of the same story of the rich getting richer, anyone arguing otherwise maybe isn't looking at it from the point of view of the masses. Wherever you land on that argument I'm guessing that level of accumulation isn't something most of us would make public.

That's kind of what I have been thinking - like he is doing more than just getting a meaningful stake in BTC, and maybe I am just having difficulties relating to that level of rich - even though I can relate to the idea that none of us should want to have our wealth eroded away.

Regarding disclosure, maybe he felt some kind of duty (or potential legal obligation) to error on the side of overdiscloser - even his personal hodlings - I am not sure.. of course, he did have obligations to disclose matters to shareholders, and maybe since the shares are public rather than private, anyone could end up being (or becoming) a shareholder, so his personal stake in BTC may well be relevant to that matter.. I am not sure.

Good point, didn't think of that. Still, I'd expect public disclosure to be in the form of a filing, not a tweet. Maybe as you say it's erring on the side of caution for him.

I am also NOT suggesting that there might not be mixed motives.

So, for example, he may have been required to disclose both his personal holdings and also his intentions in regards to where he was going to take the company, and he may have accomplished those disclosures through official filings of documents and official notices in prospectuses or whatever might be recognized as official channels.

At the same time, once the information has been put out there (even if the information might be in the small font footnotes of official disclosures - or orally disclosed at shareholder meetings or whatever other ways that CEOs may have to communicate to current shareholders or potential shareholders), then he decided to engage in a kind of double-downing discussion of some of these matters publicly, largely because he had already had to disclose the matters, so may as well get some benefits out of that information that is mostly already out there in kinds of public ways.

Yeah, he was also drawing attention to some of the matters too in ways that go way beyond minimum legal requirements and also his public discussions might NOT be adequate for proper disclosing, either.  Also, at the same time, he has probably already been briefed by legal counsel that when he is out there publicly, he runs some risks of going askew of legal requirements, too..

Sure, it can be framed that Saylor talks too much and then the SEC or whoever wants to go after him for pumping his shit... so it is kind of a damned if you do and damned if you don't kind of a situation, so Saylor could well be drawing too much unnecessary attention to himself, but from the contents of his various tweets and his interviews, he seems to be willing to discuss these kinds of matters because: 1) he seems to believe in what he is saying, 2) he is a bit of a risk taker, and 3) he may perceive some benefits in setting forth some kind of road map for other CEOs, companies or wealthy individuals (HNIs) that are likely finding themselves in similar dilemmas as him (especially these days) in terms of holding onto so much cash (or value in other ways) and thereafter feeling that he has found a legitimate place to park a decent portion of that excess cash rather than putting in equities, other real property assets, PMs or even buying back his own stock.. In his public discussions, he seems to be attempting to be relatively forthright and straight forward about these dilemmas that he had been feeling that he had been facing..

[Toxic2040]

it is so satisfying to see "alt season" and "the flippening" playing out exactly like anticipated. 

death to all the shitcoins! 

If this happens btc will simply become a banker tool bro.

Read my signature and understand why the alts are needed.

or just realize


Kings need dukes, knights, pages, jesters so on and so on.

No        No kings nor gods...a jester or two sounds ok however

I am not so far lost in my maximalism that I see only one chain           Most however are worthless imho and are painting lipstick on a pig



----------

Good morning Jimbo

some charts

#dyor

Thin books and solid support levels inducing some bounce..steady as she goes

1h


Just one more mornin'
I had to wake up with the blues
Pulled myself outta bed, yeah
Put on my walkin' shoes
Climb up on a hilltop, baby
To see what I could see, yeah
The whole world was fallin' down, baby
Right down in front of me

But I have dreams..
4h

#stronghands

[soullyG]

Saylor actually goes into quite a lot of detail on this topic in the stream he just did with Dan Held -

https://www.youtube.com/watch?v=rPYt_Z9lYlM

Key takeaway is that he feels his evangelism is the best way he can boost the value of Bitcoin as a network - rather than putting money into mining or creating Bitcoin related businesses, he can inject value directly into the ecosystem by being a pioneer and a damn vocal one at that. Use whatever resources you have to build up the network and ecosystem, for some people that's leveraging cheap utility costs and creating mining farms, others that it is offering custody solutions or ETFs, etc etc. He doesn't see himself as being able to do these things better than others, so he sticks with what he has the most efficiency at doing - a vocal shout of "HODL!" to lead the way for those who don't have the platform to express it themselves.

I've probably summed it up badly, but that's the general gist of it!

[xhomerx10]

I've gotta work tomorrow so I want to wish everyone happy Halloween a day early!



Make sure you disinfect those treats

[VB1001]

Big: https://i.imgur.com/hjMfD08.png

Last Hat: FullNode
Congrats, nice Hat, uploaded to www.wohats.com
xhomerx10 as always has done a good job.

#StrongHats

[explorer]

Big: https://i.imgur.com/hjMfD08.png

Last Hat: FullNode
Congrats, nice Hat, uploaded to www.wohats.com
xhomerx10 as always has done a good job.

#StrongHats

Holy Hats, Batman!  There's more than I thought!

[AlcoHoDL]

Yeah, about Brad's post...

I've said this before. Back in 2015-2016, my friends and colleagues laughed at me for "buying expensive air", when I bought my first coins. They called them "coupons" and "tokens". But fiat was not air/coupons/tokens to them... That's the degree of brainwashing in most people (so sad, but so true...). Funny thing is (was) that they kept saying this, even after the price rose from $200 to $1000+. Was, because after it climbed to $5000+, some (not many) started reluctantly asking me for more information about Bitcoin and how to invest in it. I just replied "Google it." And some did, but found it confusing and difficult to understand. Now they don't laugh, but just look at me with envy. I feel they want to ask me 1000 questions about it, but their ego doesn't let them. Some of them remind me of r0ach...

11 things I can say from past experience and intuition:

– 1. We're all early adopters. Even those buying now are early adopters. Some are just earlier than others.
– 2. This is just the beginning.
– 3. Bitcoin is now where the internet was, just after the BBS & 2400 bps V.42bis modem era.
– 4. To see where Bitcoin will be in 5-10 years' time, just see where the internet was 5-10 years after [3].
– 5. Hint for [4]: my current internet connection is 100,000,000 bps. Just replace bps with $.
– 6. It was foolish of me to disclose my BTC holdings to certain people.
– 7. Not going all-in in 2015 was, perhaps, the biggest mistake of my life (see [8]).
– 8. When it comes to Bitcoin, "invest what you can afford to lose" may not be the best advice for a newbie...
– 9. By the time Bitcoin is widely adopted, many, if not most, of the current Bitcoin small players will own almost zero coins (and will be well alive to regret it).
– 10. Most of the coins of [9] will end up in the hands of hundreds of Michael Saylors, with Michael Saylor being the best of the bunch.
– 11. We will still hang out here in WO when 1 satoshi = $0.01.

Some of the above may not make much sense, but that's the way I see things.

[VB1001]

– 1. We're all early adopters. Even those buying now are early adopters. Some are just earlier than others.
– 2. This is just the beginning.
– 3. Bitcoin is now where the internet was, just after the BBS & 2400 bps V.42bis modem era.
– 4. To see where Bitcoin will be in 5-10 years' time, just see where the internet was 5-10 years after [3].
– 5. Hint for [4]: my current internet connection is 100,000,000 bps. Just replace bps with $.
– 6. It was foolish of me to disclose my BTC holdings to certain people.
– 7. Not going all-in in 2015 was, perhaps, the biggest mistake of my life (see [8]).
– 8. When it comes to Bitcoin, "invest what you can afford to lose" may not be the best advice for a newbie...
– 9. By the time Bitcoin is widely adopted, many, if not most, of the current Bitcoin small players will own almost zero coins (and will be well alive to regret it).
– 10. Most of the coins of [9] will end up in the hands of hundreds of Michael Saylors, with Michael Saylor being the best of the bunch.
– 11. We will still hang out here in WO when 1 satoshi = $0.01.

Some of the above may not make much sense, but that's the way I see things.

- 12 WO Legend of the Hats

[FullNode]

My first post with the hat had to be on Wall Observer
VB1001 spectacular image of the hat on your website

[JayJuanGee]

– 8. When it comes to Bitcoin, "invest what you can afford to lose" may not be the best advice for a newbie...
– 9. By the time Bitcoin is widely adopted, many, if not most, of the current Bitcoin small players will own almost zero coins (and will be well alive to regret it).
– 10. Most of the coins of [9] will end up in the hands of hundreds of Michael Saylors, with Michael Saylor being the best of the bunch.

Over the years, my thinking has kind of evolved regarding these points (especially 8 & 9), and I would not even suggest that I am any kind of sage on the topic, even though I have given considerable thought to matters of allocation and tailoring investments to personal circumstances based on experiences and also attempting to extrapolate in terms of how some variation of my experiences might play in terms of the situations of others (especially trying to consider the situations of normies, but not exclusively preoccupied with normies who might not be motivated to put some self-directed efforts into figuring out and employing their investment approach).

So there are a few points that I can elaborate on here:

1) Establish a target BTC investment that is based on your personal circumstances (maybe easier said than done) - taking account each of the circumstances of: cash flow, other investments, view of bitcoin as compared with view of other investments, risk tolerance, timeline, and time skills and abilities to plan, learn along the way and to reallocate including trading etc;

2) Surely, not investing more than you can afford to lose is a good concept (make sure that you have your cashflow covered for 6 months or longer and and also consider having an investment timeline that is at least 4 years, and safer to hav a longer investment timeline, like 10 years or longer).  Thereby, I am thinking that once target investment is established, there can be some value in thereafter overinvesting a bit beyond your preferred allocation target level will make it easier to skim off some profits along the way up (in the event that BTC prices go up - but surely only very small amounts that allows the vast majority of the investment to continue to ride for the longer term) and cause some increases in psychological and financial comfort levels, and this should help the prudent peeps from selling too much of their coins too soon.. in order to at least attempt to lessen issues with the problems that you, AlcoHoDL outline in your point 9;

3) actually regarding issues raised in your point 10.. who fucking cares what other people do or if some people might get a BIGGER stake? - that is the way the world works with the rich being able to exploit situations, and the best that you can do is to attempt to tailor your investment situation to your own circumstances and attempt to learn from others to the extent that might be possible or applicable (by the way, AlcoHoDL, I am not criticizing your ideas specifically because I recognize that you know the deal as well as most of us (if not better), so I do realize that you are NOT obsessed with what other people do with their coins but that you were merely trying to illustrate the blunt reality of how the rich are likely to take coins from the weak hands by hoarding coins once they figure out the importance of BTC.. and the weak hands (or would we say dumb money) are likely NOT able to recognize the value of the asset that they had previously purchased).