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

[El duderino_]

Sunday, COVID times...
Not much to do, just sit and
watch those green candles...

[soullyG]

US Treasury hacked   

Bitcoin unaffected 

A sophisticated hacking group backed by a foreign government stole information from the U.S. Treasury Department and a U.S. agency responsible for deciding policy around the internet and telecommunications, according to people familiar with the matter.

“The United States government is aware of these reports and we are taking all necessary steps to identify and remedy any possible issues related to this situation,” said National Security Council spokesman John Ullyot.

https://www.reuters.com/article/usa-cyber-amazoncom/exclusive-us-treasury-breached-by-hackers-backed-by-foreign-government-sources-idUSL1N2IT0I8

[lightfoot]

Checking bitcoin levels after being busy for a bit.

Are we still stuck at $19,100 levels? Comeon Bitcoin, do something, we're bored....

[Hueristic]

Why do you think the Texas GOP bringing a bill to secede from the United States is a bad idea?

Good luck with that, we all know what happens to those that stand up to the man.

They done it once already.  Didn't work out so good.

[philipma1957]

What is that building looks familiar I can't seem to remember the name.

Hmm wonder if my childhood friend Davey Crockett could remind me.

No shit the Crocketts I grew up with lived in Brooklyn 7 or 8 kids one was named Davey.

I know it is the Alamo but my childhood friends name really was Davey Crockett

[lightfoot]

Well, if they want to re-fight the Alamo more power to them..... Personally I'd be ok with the Midwest seceding, as long as we can build a nice big beautiful wall around them and let them figure out how to support themselves.

As the Canadians would say about Quebec: Good bye et bonne chance.

[OutOfMemory]

C'mon Bitcoin!
Don't leave $19k in the wrong direction, will ya?

[btcbeliever]

Have any of you guys used Blockfi to get paid interest on some of your hodl stash?  Very intrigued by this and wondering what the downsides are besides the obvious "not your keys" risk.

I looked into blockfi.  I think Celsius.network is a better outfit, I've been earning some decent retirement income on a percentage of my btc stash as I await the next mooning, for about 6 months now.

Also getting a nice dividend every week of over 10% on my usdc with celsius.network.  Very stable and predictable.  Can't get that kind of interest rate many other places.

[Biodom]

Well, if they want to re-fight the Alamo more power to them..... Personally I'd be ok with the Midwest seceding, as long as we can build a nice big beautiful wall around them and let them figure out how to support themselves.

As the Canadians would say about Quebec: Good bye et bonne chance.

Tejas is NOT Midwest, are you fucking kidding me? It is a South or Gulf state.
You probably never been there/here.
It is a historical oddity that there is only one country in all this space here (US), though.
In a split up situation, Texas would do better than many coastal states, sans California and possibly WA or NY.

Have any of you guys used Blockfi to get paid interest on some of your hodl stash?  Very intrigued by this and wondering what the downsides are besides the obvious "not your keys" risk.

I looked into blockfi.  I think Celsius.network is a better outfit, I've been earning some decent retirement income on a percentage of my btc stash as I await the next mooning, for about 6 months now.

Also getting a nice dividend every week of over 10% on my usdc with celsius.network.  Very stable and predictable.  Can't get that kind of interest rate many other places.

That's all peachy, but where exactly these "insane" rates that are being paid are coming from?
IMHO, some of these companies are ponzi and/or re-hypothecate their holdings.
How to calculate the probability of their default?
I don't know, hence I don't participate.
If i had a large position in USDC, then maybe I would as it seems the most secure as far as regulation is concerned.

[lightfoot]

Tejas is NOT Midwest, are you fucking kidding me? It is a South or Gulf state.
You probably never been there/here.
It is a historical oddity that there is only one country in all this space here (US), though.
In a split up situation, Texas would do better than many coastal states, sans California and possibly WA or NY.

Outside the cities yeah it's pretty similar in terms of people/attitude. Yes, Texas does have its own power grid and yes they do have some diversification and yes they may survive a bit better. But in a splitup they would wind up subsidizing the crap that is known as the rest of the midwest.

(And yes, I've been down there many times. Riverwalk is nice, the roads are empty as fuck, Dallas is a bit too big, and Austin is just weird)

[Biodom]

Tejas is NOT Midwest, are you fucking kidding me? It is a South or Gulf state.
You probably never been there/here.
It is a historical oddity that there is only one country in all this space here (US), though.
In a split up situation, Texas would do better than many coastal states, sans California and possibly WA or NY.

Outside the cities yeah it's pretty similar in terms of people/attitude. Yes, Texas does have its own power grid and yes they do have some diversification and yes they may survive a bit better. But in a splitup they would wind up subsidizing the crap that is known as the rest of the midwest.

(And yes, I've been down there many times. Riverwalk is nice, the roads are empty as fuck, Dallas is a bit too big, and Austin is just weird)

Ok...I was not born here and most likely would not be here if/when retire...thinking more along CO, WA, OR or a time split between FL and WA/OR..
or even Mediterranean (Spain or Portugal)-will have to learn the language, though.

[d_eddie]

Have any of you guys used Blockfi to get paid interest on some of your hodl stash?  Very intrigued by this and wondering what the downsides are besides the obvious "not your keys" risk.

I looked into blockfi.  I think Celsius.network is a better outfit, I've been earning some decent retirement income on a percentage of my btc stash as I await the next mooning, for about 6 months now.

Also getting a nice dividend every week of over 10% on my usdc with celsius.network.  Very stable and predictable.  Can't get that kind of interest rate many other places.

That's all peachy, but where exactly these "insane" rates that are being paid are coming from?
IMHO, some of these companies are ponzi and/or re-hypothecate their holdings.
How to calculate the probability of their default?
I don't know, hence I don't participate.

This. It might be un-sexy, oldschool or whatever, but if I don't understand their business model, it's likely a scam to me. All the offers I considered turned out to be scams in the end. Not that I've considered them all, but 100% is 100%.

Now, every such scam needs a grace period to build trust. It makes little sense to go for a, say, 2M$ hit when just a little wait can get you 100M$ instead. Make the suckers happy until the day you exit. They won't even know what hit them.

Be wary and ready. If it's like I am afraid it is, he who runs first wins.

If i had a large position in USDC, then maybe I would as it seems the most secure as far as regulation is concerned.

USDC might be different. It is certainly different from most shitcoins as far as emission goes: not like btc, but still in a good place. But is it a bearer asset? Can USDC be blacklisted? If they can't, the scammers can still run with the money and get away with it.

Take it to the extreme: would you be willing to "lend" them your Monero, too?

Sorry if I come out as a party pooper, but safe is better than sorry.

[philipma1957]

Tejas is NOT Midwest, are you fucking kidding me? It is a South or Gulf state.
You probably never been there/here.
It is a historical oddity that there is only one country in all this space here (US), though.
In a split up situation, Texas would do better than many coastal states, sans California and possibly WA or NY.

Outside the cities yeah it's pretty similar in terms of people/attitude. Yes, Texas does have its own power grid and yes they do have some diversification and yes they may survive a bit better. But in a splitup they would wind up subsidizing the crap that is known as the rest of the midwest.

(And yes, I've been down there many times. Riverwalk is nice, the roads are empty as fuck, Dallas is a bit too big, and Austin is just weird)

Ok...I was not born here and most likely would not be here if/when retire...thinking more along CO, WA, OR or a time split between FL and WA/OR..
or even Mediterranean (Spain or Portugal)-will have to learn the language, though.

Portugal speaks portuguese and if my memory is correct it borders the Atlantic ocean not the mediterranean.

My wife has a huge extended family we could settle in Canada,Italy,Australia and hang out with a ton of here relatives. It would be a change of pace for sure from the states.

[marcus_of_augustus]

it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value

... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic.

Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil.

Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances.

... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects.

Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc,

[Biodom]

Tejas is NOT Midwest, are you fucking kidding me? It is a South or Gulf state.
You probably never been there/here.
It is a historical oddity that there is only one country in all this space here (US), though.
In a split up situation, Texas would do better than many coastal states, sans California and possibly WA or NY.

Outside the cities yeah it's pretty similar in terms of people/attitude. Yes, Texas does have its own power grid and yes they do have some diversification and yes they may survive a bit better. But in a splitup they would wind up subsidizing the crap that is known as the rest of the midwest.

(And yes, I've been down there many times. Riverwalk is nice, the roads are empty as fuck, Dallas is a bit too big, and Austin is just weird)

Ok...I was not born here and most likely would not be here if/when retire...thinking more along CO, WA, OR or a time split between FL and WA/OR..
or even Mediterranean (Spain or Portugal)-will have to learn the language, though.

Portugal speaks portuguese and if my memory is correct it borders the Atlantic ocean not the mediterranean.

My wife has a huge extended family we could settle in Canada,Italy,Australia and hang out with a ton of here relatives. It would be a change of pace for sure from the states.

technically, yes, but it is considered Mediterranean
https://en.wikipedia.org/wiki/List_of_Mediterranean_countries

Yea re other countries...f-g tired of violence, threats of violence and unruly behavior (without even picking a side).
No relatives, though, would have to pay up for citizenship or residence...there are some options.
Still, rather not, unless...

[Heater]

Have any of you guys used Blockfi to get paid interest on some of your hodl stash?  Very intrigued by this and wondering what the downsides are besides the obvious "not your keys" risk.

I looked into blockfi.  I think Celsius.network is a better outfit, I've been earning some decent retirement income on a percentage of my btc stash as I await the next mooning, for about 6 months now.

Also getting a nice dividend every week of over 10% on my usdc with celsius.network.  Very stable and predictable.  Can't get that kind of interest rate many other places.

That's all peachy, but where exactly these "insane" rates that are being paid are coming from?
IMHO, some of these companies are ponzi and/or re-hypothecate their holdings.
How to calculate the probability of their default?
I don't know, hence I don't participate.

This. It might be un-sexy, oldschool or whatever, but if I don't understand their business model, it's likely a scam to me. All the offers I considered turned out to be scams in the end. Not that I've considered them all, but 100% is 100%.

Now, every such scam needs a grace period to build trust. It makes little sense to go for a, say, 2M$ hit when just a little wait can get you 100M$ instead. Make the suckers happy until the day you exit. They won't even know what hit them.

Be wary and ready. If it's like I am afraid it is, he who runs first wins.

I would stay away as well.

Now if your objective is to risk your Bitcoins to make more Bitcoins, you are better off moving some to Bitmex, wait for a dip and buy some perpetual contracts with little or no leverage, and sell when the price goes up. It's easy pickings in this bull market. Not recommended when the market is going down or if you are the emotional type.....

[JayJuanGee]

Bitcoin Price in this day



Anybody, quote, please ...

Ah ha!!!!

I browsed ahead... no body quoted your post.....

So I did it... 

Nothing wrong with that information for dee WO peeps.   

[Toxic2040]

late night charts

#dyor

1h


4h


D


W

#stronghands


A haiku that speaks
Grabing your mind and lifting
Heart, and seeing soul
        #haiku

[Heater]

my first attempt at #haiku

kaeru in his pond
we can hear him sing a rhyme:
fortune will return

[AlcoHoDL]

Stuck at $19k...
Bank gives me .3%
Don't I know nuttin'?

#fiatsuckshaiku