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

[philipma1957]

Jesus Christ I'm going full degenerate. Just decided to purchase another $100 worth of dip on Paypal with some of the cash balance I've accrued.
I hate myself.

Let it all out, mate.
Some people believe you might feel better if you'd express your emotions through a haiku.

Goddamnit Paypal.
Why do you take my money ?
Oh. It's for Bitcoin.

+1 WOsMerit.

Don't know what happened, but I had a huge stash of sMerits before I got seduced by the WO.

Hardly 3 months later, I'm left with 0 sMerits.

I feel naked. (not sure if #nohomo is appropriate now)

here is some back for you.

[Biodom]

What's up with Coinbase ...again?

[sirazimuth]

-Back on night shift due to pandemic uptick...check
-I’m the only one in the shop area working...check
-I’ve completed all jobs in my queue... check
-3 hours left till shift ends... check
-Wall observer rounds job with my program saved still set up and indicated on other VMC ... check
Hmmmmm... what should I do for shits and giggles? lol

[Toxic2040]

the evening wall report

#dyor

crab claw maneuver and then sideways scuttle
1h


mid cloud and encountering kijun sen resistance
4h


continued consolidation this week likely    see what the weekly close brings    everything seems be doing what its supposed to    all is well
D close up

#stronghands

[HI-TEC99]

What's up with Coinbase ...again?

Bitcoinity's still showing trades.

https://bitcoinity.org/markets/coinbase/USD

[Biodom]

What's up with Coinbase ...again?

Bitcoinity's still showing trades.

https://bitcoinity.org/markets/coinbase/USD

it was down, but recovered.
https://www.reddit.com/r/Bitcoin/comments/ka4v1m/coinbase_down_again_must_be_about_to_pump/

[cAPSLOCK]

https://twitter.com/WarrenDavidson/status/1336804544320327683

[cAPSLOCK]

1.  I think we are about to see a big ass run on the exchanges.
2.  Some exchanges will be shown to be swimming naked when the tide rolls out.
3.  This will hurt bitcoins reputation in the immediate term.
4.  Then people will begin to realize how important bitcoin is, and how many coins ARE NOT actually for sale.
5.  The recent large transfers to exchanges as well as record miner outflows are an effort to head off the inevitable...



Weeeeeee

[cAPSLOCK]

But at the same time the dude GETS bitcoin.  

Clearly he does not. He just called censorship-resistance and privacy "bad ideas."

And he is right about the bit with trusted layer two like Square.  And lightning is a hobbyist platform today.  Square/CashApp is an actual working product people use.  And before you sling at me too hard... I run 2 lighting nodes.

He's wrong about LN as it is not a competitor of PayPal and Square! It was not developed for that purpose, and its not a centralized entity, much less a corporation. His comparison of LN with the other two is farcical at best and reflects an extremely poor understanding of bitcoin at worst.

Were just gonna disagree on this one.  I see some 3D chess.  I think there is 0% chance he gets why bitcoin is a good place to park a billion dollars, but does not realize censorship resistance is a key reason.  In fact he's made that exact argument several times.

So why, then, would he say the thing he said?

Occam's razor.  It's not even really 3D or Chess...  It's checkers really.

[HI-TEC99]

1.  I think we are about to see a big ass run on the exchanges.
2.  Some exchanges will be shown to be swimming naked when the ride rolls out.
3.  This will hurt bitcoins reputation in the immediate term.
4.  Then people will begin to realize how important bitcoin is, and how many coins ARE NOT actually for sale.
5.  The recent large transfers to exchanges as well as record miner outflows are an effort to head off the inevitable...

Where did you find that letter, who reported it?

[cAPSLOCK]

1.  I think we are about to see a big ass run on the exchanges.
2.  Some exchanges will be shown to be swimming naked when the ride rolls out.
3.  This will hurt bitcoins reputation in the immediate term.
4.  Then people will begin to realize how important bitcoin is, and how many coins ARE NOT actually for sale.
5.  The recent large transfers to exchanges as well as record miner outflows are an effort to head off the inevitable...

Where did you find that letter, who reported it?

Added a sauce, thanks.


Got it from the horse's mouth:
https://twitter.com/WarrenDavidson/status/1336804544320327683

[HI-TEC99]

1.  I think we are about to see a big ass run on the exchanges.
2.  Some exchanges will be shown to be swimming naked when the ride rolls out.
3.  This will hurt bitcoins reputation in the immediate term.
4.  Then people will begin to realize how important bitcoin is, and how many coins ARE NOT actually for sale.
5.  The recent large transfers to exchanges as well as record miner outflows are an effort to head off the inevitable...

Where did you find that letter, who reported it?

Added a sauce, thanks.


Got it from the horse's mouth:
https://twitter.com/WarrenDavidson/status/1336804544320327683

I found this story about it.

https://cointelegraph.com/news/congresspeople-tell-treasury-to-back-off-of-rumored-self-hosted-wallet-ban

It gives this link to the letter.

https://beta.documentcloud.org/documents/20421966-davidson-letter-to-mnuchin

And this pdf version.

https://assets.documentcloud.org/documents/20421966/davidson-letter-to-mnuchin.pdf

[cAPSLOCK]

1.  I think we are about to see a big ass run on the exchanges.
2.  Some exchanges will be shown to be swimming naked when the ride rolls out.
3.  This will hurt bitcoins reputation in the immediate term.
4.  Then people will begin to realize how important bitcoin is, and how many coins ARE NOT actually for sale.
5.  The recent large transfers to exchanges as well as record miner outflows are an effort to head off the inevitable...

Where did you find that letter, who reported it?

Added a sauce, thanks.


Got it from the horse's mouth:
https://twitter.com/WarrenDavidson/status/1336804544320327683

I found this story about it.

https://cointelegraph.com/news/congresspeople-tell-treasury-to-back-off-of-rumored-self-hosted-wallet-ban

It gives this link to the letter.

https://beta.documentcloud.org/documents/20421966-davidson-letter-to-mnuchin

I am proud of my home boy Ted Budd.  Hes a little younger than me but not by much and we grew up in the same city...  Never knew him... but just the proximity means hes a good guy.

[infofront]

But at the same time the dude GETS bitcoin.  

Clearly he does not. He just called censorship-resistance and privacy "bad ideas."

And he is right about the bit with trusted layer two like Square.  And lightning is a hobbyist platform today.  Square/CashApp is an actual working product people use.  And before you sling at me too hard... I run 2 lighting nodes.

He's wrong about LN as it is not a competitor of PayPal and Square! It was not developed for that purpose, and its not a centralized entity, much less a corporation. His comparison of LN with the other two is farcical at best and reflects an extremely poor understanding of bitcoin at worst.

Were just gonna disagree on this one.  I see some 3D chess.  I think there is 0% chance he gets why bitcoin is a good place to park a billion dollars, but does not realize censorship resistance is a key reason.  In fact he's made that exact argument several times.

So why, then, would he say the thing he said?

Occam's razor.  It's not even really 3D or Chess...  It's checkers really.

The Michael Saylor quote is being taken out of context. He's arguing that bitcoin needs to be portrayed differently to bring in more of the traditional Wall Street bankers.

[cAPSLOCK]

But at the same time the dude GETS bitcoin. 

Clearly he does not. He just called censorship-resistance and privacy "bad ideas."

And he is right about the bit with trusted layer two like Square.  And lightning is a hobbyist platform today.  Square/CashApp is an actual working product people use.  And before you sling at me too hard... I run 2 lighting nodes.

He's wrong about LN as it is not a competitor of PayPal and Square! It was not developed for that purpose, and its not a centralized entity, much less a corporation. His comparison of LN with the other two is farcical at best and reflects an extremely poor understanding of bitcoin at worst.

Were just gonna disagree on this one.  I see some 3D chess.  I think there is 0% chance he gets why bitcoin is a good place to park a billion dollars, but does not realize censorship resistance is a key reason.  In fact he's made that exact argument several times.

So why, then, would he say the thing he said?

Occam's razor.  It's not even really 3D or Chess...  It's checkers really.

The Michael Saylor quote is being taken out of context. He's arguing that bitcoin needs to be portrayed differently to bring in more of the traditional Wall Street bankers.

That is even simpler than checkers...

Bitcoin does not care any more about our cypherpunk ideals or dreams of citadels, than it does Peter Schiff's hatred of it, or Michael Saylor's mainstream coddling. 

Every kind of person can use it.  And everyone that stands in it's way will be destroyed.

[nutildah]

Bitcoin does not care any more about our cypherpunk ideals or dreams of citadels, than it does Peter Schiff's hatred of it, or Michael Saylor's mainstream coddling.  

Every kind of person can use it.  And everyone that stands in it's way will be destroyed.

True, hard to argue with that. I just don't like him, and bitcoin doesn't care about that either.

I'm anticipating him attempting to mold bitcoin into what is best for billionaires and pre-emptively hating on him for that. Hopefully he'll prove me wrong.

[JSRAW]

Not buying atm period.....!

You party poop, JSRAW!!!!!  Maybe you should let us know if 4 digits are over yet?  or you don't wanna say anything, bhai.  

Party pooping is your field of expertise bhai  I am just not accumulating at this range because my overall buy average going up drastically for quite some time which i am not comfortable with. May be i am waiting for 20-25% correction and if i dare to guess then your buy orders are set up around same level?

4 digits seems unlikely but i think no one should rule out the doomsday scenario, even if there is 1% chance.

[d_eddie]

We're doomed! The 21M limit will be lifted, because DeFi.
Bullshit is strong with this one.

https://cointelegraph.com/news/the-butterfly-effect-why-defi-will-force-btc-to-break-its-21m-supply-ceiling

[JSRAW]

And happy Thursday jjg

----
edit 

[jojo69]

We're doomed! The 21M limit will be lifted, because DeFi.
Bullshit is strong with this one.

https://cointelegraph.com/news/the-butterfly-effect-why-defi-will-force-btc-to-break-its-21m-supply-ceiling