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

[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).

[Last of the V8s]

https://youtu.be/B8NBQzR7Ce4 Bank Lives Matter feat. the Bogs and meme stuff

https://youtu.be/2kDAdGkZgGo edit another q good one re gamer token to the moon

[friends1980]

US elections are about to start.

Start? More than 80 million Americans have already voted.

If I remember well, BTC was a libertarian project (or wasn't it?). So who cares what Iran does and who wins the US elections?

Right?

(then again, I'm prolly missing out on something, wouldn't be the first time in my life and not even the first time today)

[explorer]

Cryptowat.ch taking a page from the old Bitcoinity book    Nice.

[Toxic2040]

Cryptowat.ch taking a page from the old Bitcoinity book    Nice.

epic

+1 WOsMerit

[600watt]

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.

i don't think that gold needs pyrite.

therefore digital gold also does not need digital pyrite aka shitcoins. digital silver not yet invented. scams are scams.

[LFC_Bitcoin]

HAPPY HALLOWEEN WO’s








$14,000 to scare the bears tomorrow  

[Searing]

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.

 Just a note. I too 'regret' #6..but in hindsight it was worth so little in 2013 and I had so little that by the time I had some...well ..not big deal everyone can see how

 much now..just google bitcointalk.org Searing and BTC Hodl is probably all it would take for me or any other 2013 or around there adopter.

I also like how, when the topic does come up, how some people remember ME blowing them off about Bitcoin questions....and I remember a lot of 'your an idiot' and

'taunting' thus making real conversations difficult for those who have not got any BTC even now.

I think a lot of HODL'ers, especially older, will crack around $20k a lot could sell 1/2 of hodl'ings from back in the day they mined for 1/2 million dollars or more. The wife

real life issues, health issues, older, I think a lot will 'crack' and sell at that point. Thus myself I'd be beyond shocked if we were 'steady' above $25k next year, until that

kinda thing 'shakes itself out' ...the closer society starts to take this as 'real $$$' the more likely REAL LIFE issues will cause some or a lot of HODL'ers to sell..espcieally

if they got into this at say $100 a BTC or some such. I hope I'm dead wrong, and it is more like a Rancher by Reno, NV saying 'screw it' keeping the Ranch. But I'll put

that out here on Bitcointalk on the hope I'm really, really, wrong..but how I'm calling it for future praise or mockery.

Other than that for a $5,131.80 usd KNC Jupiter BTC Miner fired up on Sept 18th, 2013..it is gonna be 'damn hard' to say I won't make a paper profit on Bitcoin..which

was not the case, back when I started.

ONE other point, I invited 'bids' for some plumbing in my Basement in 2013....re-do some lines, add another outside faucet. The Plumber asked what the Miner was...

I said Bitcoin Miner. He said, and I quote: Is that not used for 'drug runner' money, Bitcoin? I tried to explain to him, nope.

I never heard from the guy, he never returned various calls, nada! that is even till this day, I had to get

another plumber but waited 2 years to be safe. Also in 2013 my 'banker' sic'd the SEC on me due to Bitcoin being 'evil' and drug money and all. With a speaker phone

on with SEC guy, when I brought reciept of BTC purchase and their error of I spent $99,999.99 (i mean really, you can't catch such a bank error?) The banker THEN

tried to jack me up with the SEC guy on the phone and say I obviously did not do my taxes on Bitcoin. I antipated the asshole and slapped my completed 2013 by CPA

(revised for the new Bitcoin rules) down and called  him an asshole.

The SEC guy through speaker phone was like 'why am I here? Anyway, some of you have heard this story, but

this illlustrates how far Bitcoin has come since 2013! I mean from mockery to PayPal at least taking steps to involve Bitcoin and Crypto...a far cry from my $150 day

one BTC I mined ..compared to the price now of $13,537.31 today. https://coinmarketcap.com/

Now if Craig Wight would just go away with ONE POST from the 'real' Satoshi using a Satoshi Legacy Wallet sig/key and saying 'Craig Wright' is not Satoshi.

I'd be a happy man, even in 2020, but that and the Bitcoin Price would pretty much wipe out my pandemic issues.

end of rant

Brad

[EatonABooger]

Yeah, about Brad's post...

... Also in 2013 my 'banker' sic'd the SEC on me due to Bitcoin being 'evil' and drug money and all. With a speaker phone

on with SEC guy, when I brought reciept of BTC purchase and their error of I spent $99,999.99 (i mean really, you can't catch such a bank error?) The banker THEN

tried to jack me up with the SEC guy on the phone and say I obviously did not do my taxes on Bitcoin. I antipated the asshole and slapped my completed 2013 by CPA

(revised for the new Bitcoin rules) down and called  him an asshole.

The SEC guy through speaker phone was like 'why am I here? Anyway, some of you have heard this story, but

this illlustrates how far Bitcoin has come since 2013! ...

Brad

You are a very forgiving person if that banker did not end up with at least a  broken nose out of the deal.
There are taddle or snitch rewards when the IRS collects on tax evaders.   Maybe that is what he was hoping for...

a broken nose is what he deserved (deserves).

[icopress]

Wall Observer's gang don't play poker? / Bitcointalk Poker series Discussion Thread

[marcus_of_augustus]

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!

Good find and your summary is about right. Also confirms what I was supposing about his strategy, (more macro than micro    ) ...

... for all the hype about paypal (it's a big nothing-burger), the Microstrategy move is orders of magnitude more important, quantifiably more significant (poor people don't have money to move around, bitcoin adoption comes about through money not users, etc, etc)).

Not just that Saylor is running point and giving money-managers, corporate treasurers, hedge-funds, etc the template he's also providing vocal cover and expounding a logical basis (long term yield vs. risk) for how to escape the fed's gilded cage of 0.5% (soon going negative) yield in extreme risk assets ... he specifically says he's not going to be buying old-man buffet's junk  

To confirm this also WSJ is running hit-piece today against Saylor's move, likely to try and throw shade so as to discourage other renegades from escaping the fiat asylum that he now is blazing a trail for real money to flow into bitcoin  ...

Go Saylor, Go bitcoin.

WSJ trashing Saylor bitcoin move

[philipma1957]

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!

Good find and your summary is about right. Also confirms what I was supposing about his strategy, (more macro than micro  ) ...

... for all the hype about paypal (it's a big nothing-burger), the Microstrategy move is orders of magnitude more important, quantifiably more significant (poor people don't have money to move around, bitcoin adoption comes about through money not users, etc, etc)).

Not just that Saylor is running point and giving money-managers, corporate treasurers, hedge-funds, etc the template he's also providing vocal cover and expounding a logical basis (long term yield vs. risk) for how to escape the fed's gilded cage of 0.5% (soon going negative) yield in extreme risk assets ... he specifically says he's not going to be buying old-man buffet's junk 

To confirm this also WSJ is running hit-piece today against Saylor's move, likely to try and throw shade so as to discourage other renegades from escaping the fiat asylum that he now is blazing a trail for real money to flow into bitcoin  ...

Go Saylor, Go bitcoin.

WSJ trashing Saylor bitcoin move

Can't read it they want me to sign in.

[marcus_of_augustus]

Can't read it they want me to sign in.

... ok.

[icopress]

As far as I know, the post count and sig in this thread are disabled for obvious reasons ... I posted several messages here, but changed the topic of the dialogue (and I see that posts were included in the stats of account). How does this rule work?

[icopress]

Changed: Added source https://www.dietmareckell.com/Continuation of the collection: Part II ^offtopic... / Abandoned military sites: Part I

• Thai army tanks on a ship in the port of Bangkok

• The sinking of a Chinese T-69 tank in the Gulf of Thailand. The discarded Tanks became artificial reefs in the marine ecosystem of the bay.

• Equipment involved in the liquidation of the accident at the Chernobyl nuclear power plant in Ukraine.

• Aircraft graveyard, in the United States in the city of Tucson.

• Decommissioned aircraft carrier 38 km off the coast of Pensacola, Florida

• It took 37 minutes for the 270-meter vessel to sink completely under the water.

• The location is unknown. Photo by Dietmar Eckell

• On December 24, 1994, the Russian cruiser "Murmansk" got away from the tugs during towing and sank near a small village on the northern coast of Norway.

[philipma1957]

Block 654818 fees 3.25 coins
https://www.blockchain.com/btc/block/000000000000000000043eae5aef08739ec0ec63b968f309d9513ac17c7b38df

Block 654817 fees 3.22 coins
https://www.blockchain.com/btc/block/0000000000000000000d6c1d59f722ec0d4c937eb75550cba24ccc19656f18e4

Block 654816 fees 3.00 coins
https://www.blockchain.com/btc/block/000000000000000000091f83a4f5dd7224b8dc6909ec3210326dc8525451069a

https://diff.cryptothis.com/
Latest Block:   654818  (5 minutes ago)
Current Pace:   85.1691%  (1635 / 1919.71 expected, 284.71 behind)
Previous Difficulty:   19298087186262.61                            
Current Difficulty:   19997335994446.11

                          
Next Difficulty:   between 17057082561709 and 17147130332651
Next Difficulty Change:   between -14.7032% and -14.2529%

Previous Retarget:   October 17, 2020 at 11:34 AM  (+3.6234%)
Next Retarget (earliest):   Monday at 7:00 PM  (in 3d 0h 28m 4s)
Next Retarget (latest):   Monday at 9:05 PM  (in 3d 2h 33m 27s)
Projected Epoch Length:   between 16d 8h 25m 10s and 16d 10h 30m 33s

...

Pushing 15%  we may have a 17 day jump if this continues closer to 18%

prices are 13,600+

To all BTC purists above is why I wrote my signature the way I did.

2 quick moves and the entire btc network is now clogged with insane fees.

WHAT  could help this problem hmm that guy with 17k btc can do an off book to PayPal and PayPal can sell btc with little or no fees.

This is what BTC purists are up against.

Or my signature could be used.

Ie move the coin on doge or ltc networks.

The big boys are setting something up.