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

[strawbs]

What's even worse than that, is being able to do wonderful and meaningful things, but wasting your time and wealth pursuing pointless tasks. Risto Pietila's story is a good example.

What happened to Risto in the end? I had a few exchanges with him in the past, but years ago now. I know he was a troubled soul but what was  the story?

[1714923614]

1714923614

[1714923614]

1714923614

[serveria.com]

What's even worse than that, is being able to do wonderful and meaningful things, but wasting your time and wealth pursuing pointless tasks. Risto Pietila's story is a good example.

What happened to Risto in the end? I had a few exchanges with him in the past, but years ago now. I know he was a troubled soul but what was  the story?

There were rumours he died... not sure how it happened though...

[serveria.com]

[btcbeliever]

Positivity is good but in bitcoins only  

https://www.collective-evolution.com/2020/12/02/22-scientists-publish-paper-claiming-the-pcr-test-is-useless-for-detecting-covid-19-cases/

[Paashaas]

Trolololo's 2014 updated chart.

$100k @ 16-07-2021?

[nutildah]

Elwar is a likable guy, but I've never understood his obsession with seasteading. I guess that, when you become super-rich, something screws up in your head and you become obsessed with pointless, impossible tasks. Risto Pietila comes to mind. It's sad, really.

Trying to go against nature is a futile, pointless task, as is trying to go against the establishment without a feasible plan. Taking the law on your hands and setting up a seastead in the middle of the ocean is madness and delusion combined.

IMHO.

What's worse is having the chance to do something extraordinary but being too afraid to take it.

What's even worse than that, is being able to do wonderful and meaningful things, but wasting your time and wealth pursuing pointless tasks. Risto Pietila's story is a good example.

Possibly, but Elwar has a vision, and I say its better to spend your time on the planet pursuing that than ways to re-invest your already substantial wealth. Breakthroughs are made by giving new ideas a go, ala Bitcoin in our mutual instance. That kind of spirit should be encouraged.


Also, all that doesn't really apply to Risto, RIP. Risto was, AFAIK, born wealthy and suffered from mental illness. He was very grandiose and by all means his lifestyle should not be emulated.

Risto just kind of flailed about, driven by a combination of bipolar disorder, narcissism and a bit of histrionic personality disorder, whereas Elwar is on an actionable mission.

Plus, you'll never catch Elwar posing for a photo op next to a classic car, much less painted in pink. (Again, RIP Risto)

He should probably do that though for the LOLs.

[serveria.com]

Trolololo's 2014 updated chart.

$100k @ 16-07-2021?

Well, the chart has $10k for 2017 for x10 should be $200k. 

[BobLawblaw]

[tranthidung]

I hope you are enoying the bull run and the current streak

Before jump into the content, I hope you are doing well and enjoying the crazy bull run of bitcoin.

Bitcoin is volatile and it rises or falls in small or big changes over time. This thread is published to give information about Bitcoin streaks. The term of streak is familiar with gamblers but for non-gamblers and non-native English speakers, you might confuse about it. Let's me explain a bit.

Streak means something happen in-a-row, continuously. It can be win / loss, rise/ fall. The alternative term can be spell. It is a language term and you can choose one that fits you, just understand the meaning of streak I use here.

Definitions

• Rise streaks: a streak when % change between close price and open price is Positive (>0) for at least 5 days in-a-row.
• Fall streaks: a streak when % change between close price and open price is Negative (<0) for at least 5 days in-a-row.
• Generally, streaks here are 5⁺-days streaks (positive or negative).

We are enjoying the crazy bull run so let's get started with Rise streaks.
Rise Streaks
Color codes

Summary
Bitcoin broke the record in 2017 and increased a lot after that but in some indicators (below), the current bull run and this year are not the longest and biggest run of bitcoin. It is true in indicators for total rise streaks, total days of all streaks within a year, maximum of longevity of streaks within a year, average value of % changes of price for all streaks within a year.

Details
2017 is the year is highest total rise streaks (10), second is 2019 (9), 2013 ( 8 ).

Code:

    +----------------------------+
     | rank   year   YearlyStreak |
     |----------------------------|
  1. |    1   2017             10 |
  2. |    2   2019              9 |
  3. |    3   2013              8 |
  4. |    4   2016              7 |
  5. |    5   2020              7 |
  6. |    6   2015              6 |
  7. |    7   2018              4 |
  8. |    8   2014              3 |
     +----------------------------+

Top 3 years in mean of poc_s of all streaks in each year are: 2013 (31.47%), 2017 (28.51%), 2014 (22.52%)

Code:

     +------------------------+
     | rank   year      poc_s |
     |------------------------|
  1. |    1   2013   31.46625 |
  2. |    2   2017     28.507 |
  3. |    3   2014      22.52 |
  4. |    4   2018    21.8975 |
  5. |    5   2020   18.19571 |
  6. |    6   2019   18.19333 |
  7. |    7   2015   14.46667 |
  8. |    8   2016   11.60429 |
     +------------------------+

Ranks for all Rise streaks according to poc_s values

Code:

     +------------------------------+
     | rank   year   _spell   poc_s |
     |------------------------------|
  1. |    1   2017       34   80.68 |
  2. |    2   2013        7    69.7 |
  3. |    3   2013        6      50 |
  4. |    4   2013        8   46.11 |
  5. |    5   2019       45   43.37 |
  6. |    6   2013        1   43.26 |
  7. |    7   2017       29   40.27 |
  8. |    8   2017       31   37.87 |
  9. |    9   2020       54   32.23 |
 10. |   10   2017       30   29.42 |
 11. |   11   2017       32   28.73 |
 12. |   12   2018       35   28.64 |
 13. |   13   2020       50   27.93 |
 14. |   14   2018       38   27.75 |
 15. |   15   2014        9   26.27 |
 16. |   16   2019       42    25.4 |
 17. |   17   2017       33   24.58 |
 18. |   18   2019       46   23.98 |
 19. |   19   2014       11   23.79 |
 20. |   20   2015       16   23.08 |
 21. |   21   2016       19   20.64 |
 22. |   22   2016       24   20.21 |
 23. |   23   2018       37   19.76 |
 24. |   24   2015       12   19.14 |
 25. |   25   2015       17   17.89 |
 26. |   26   2019       44    17.6 |
 27. |   27   2014       10    17.5 |
 28. |   28   2020       48   16.88 |
 29. |   29   2020       53   16.84 |
 30. |   30   2016       23    16.6 |
 31. |   31   2019       43    14.7 |
 32. |   32   2020       52   14.52 |
 33. |   33   2017       25   13.34 |
 34. |   34   2013        3   13.13 |
 35. |   35   2017       28   11.94 |
 36. |   36   2017       27   11.92 |
 37. |   37   2019       47   11.65 |
 38. |   38   2018       36   11.44 |
 39. |   39   2019       41   11.12 |
 40. |   40   2013        5   11.08 |
 41. |   41   2019       39   10.57 |
 42. |   42   2015       15   10.38 |
 43. |   43   2016       20   10.25 |
 44. |   44   2020       49   10.16 |
 45. |   45   2015       13    9.64 |
 46. |   46   2013        2    9.49 |
 47. |   47   2016       21    9.25 |
 48. |   48   2013        4    8.96 |
 49. |   49   2020       51    8.81 |
 50. |   50   2015       14    6.67 |
 51. |   51   2017       26    6.32 |
 52. |   52   2019       40    5.35 |
 53. |   53   2016       18    2.18 |
 54. |   54   2016       22     2.1 |
     +------------------------------+

Fall Streaks

2014 is the most terrible years according to total fall streaks (9). For rest years, there is no significant difference when the values range from 3 to 1. If you notice, total fall streaks each year (in bull or bear market, tend to be less than total Rise streaks). Amazing right?

Code:

     +----------------------------+
     | rank   year   YearlyStreak |
     |----------------------------|
  1. |    1   2014              9 |
  2. |    2   2018              3 |
  3. |    3   2016              3 |
  4. |    4   2020              2 |
  5. |    5   2019              2 |
  6. |    6   2013              1 |
  7. |    7   2015              1 |
     +----------------------------+

2018 is the year with most terrible mean of poc_s value for all streak in that year (-16.92%), next years are 2014 (-12.07%), 2016 (-11.03%).

Code:

     +-------------------------+
     | rank   year       poc_s |
     |-------------------------|
  1. |    1   2018   -16.92333 |
  2. |    2   2014   -12.07111 |
  3. |    3   2016   -11.03333 |
  4. |    4   2019     -10.745 |
  5. |    5   2020      -9.955 |
  6. |    6   2015       -9.45 |
  7. |    7   2013       -8.71 |
     +-------------------------+

Ranks for all Fall streaks according to poc_s values

Code:

     +-------------------------------+
     | rank   year   _spell    poc_s |
     |-------------------------------|
  1. |    1   2018       15   -22.91 |
  2. |    2   2016       12   -20.37 |
  3. |    3   2014        8    -17.6 |
  4. |    4   2014       10   -17.27 |
  5. |    5   2014        7   -15.94 |
  6. |    6   2019       18    -14.9 |
  7. |    7   2018       16   -14.46 |
  8. |    8   2014        9   -13.83 |
  9. |    9   2020       20    -13.7 |
 10. |   10   2018       17    -13.4 |
 11. |   11   2014        4   -11.82 |
 12. |   12   2014        6    -9.84 |
 13. |   13   2015       11    -9.45 |
 14. |   14   2013        1    -8.71 |
 15. |   15   2014        2    -8.53 |
 16. |   16   2016       13    -8.53 |
 17. |   17   2014        3     -7.6 |
 18. |   18   2019       19    -6.59 |
 19. |   19   2020       21    -6.21 |
 20. |   20   2014        5    -6.21 |
 21. |   21   2016       14     -4.2 |
     +-------------------------------+

My life is not done yet. I will write an abstract soon!

Anyway, enjoy for now 

[d_eddie]

What's even worse than that, is being able to do wonderful and meaningful things, but wasting your time and wealth pursuing pointless tasks. Risto Pietila's story is a good example.

What happened to Risto in the end? I had a few exchanges with him in the past, but years ago now. I know he was a troubled soul but what was  the story?

There were rumours he died... not sure how it happened though...

From what I heard, he took his life. It made me sad, even if we weren't friends by any means. I think he was a troubled soul.

[ElBinBit]

Guys, I noticed this on the Willy Woo Charts:
When the REALIZED PRICE and VWAP PRICE lines start to narrow, we always touch the  TOP!
Look at This...

https://charts.woobull.com/bitcoin-price-models/

[d_eddie]

Elwar's story should make us all sad and wary.

This is what you get for trying to cut out an autonomous slice of world without influence from TPTB.

What didn't the insurance companies want to insure? A solid ship? I don't think so. It would be quite lucrative to insure it.

The companies bailed out because they see Elwar's dream for what it is: a revolutionary project, maybe still in its infancy, OK, maybe with several improvements and adjustments to be implemented through experience, OK, but a revolutionary project with full potential to piss off TPTB big time. See what happened in Thailand. Imagine what could happen if the next to get pissed off is Uncle Sam or the PRC.

Who in their right mind would want to insure anything against those stakes, and against those potential adversaries?

Who would have insured Ernesto Guevara, or Dr. King - or Jesus Christ, for that matter? We know how they ended eventually.



(Disclaimer: not a follower of Guevara or King or Christ, but still...)

EDIT - Not implying any comparison between Elwar and those historically important people, but the Satoshi is a revolutionary "land". A small revolution, for the time being, but atypical in that it's led by a grass roots community which - and here's the unusual part - is wealthy. Small but dangerous. Better nip in the bud.

[eddie13]

Talking about all ahead one third, have you heard that Elwars cruise ship Satoshi is getting scraped?
They couldn't get insurance.

https://mailchi.mp/ba2ecae563e0/satoshis-final-voyage?e=613696359f

Screw insurance and screw laws.. Just do it with no insurance and flip them all off..
I thought the whole point of being in international waters was not having to obey anyone’s laws?
Fire the thing up and make a run for it out of territorial waters and stay out there.. Have your supplies brought out..

Get the boat offshore of the USA so if you get raided by a government it will be the US government and you won’t just get killed..

Did you try calling some small governments and asking if you can just post your ship up in their waters?
Ring up Cuba and hati and just ask them how much BTC they want for a parking spot in their waters and for them to just leave you the fuck alone..
Gotta be some small corrupt government out there that will let you buck the system..
Maybe even India.. just don’t turn it in to the scrapyard and putt around with it there until they force you to stop..

[Globb0]

Surely, your situation does not seem enviable, VB.

Its not that easy, he would have to request compensation equivalent to the price of bitcoin on January 1 2021 for the fiat loaned, but that is impossible..., at the moment I only have the agreement for the money to be returned at the end of this month, we are on the dec-20 and the bag is empty.
(I will have to start with a less aggressive but constant strategy, in case I can take advantage of some lower prices.)

Thx for reminding me how dumb I am.

Its not what happens to you that defines you. Its what you do next!

Good luck sir.

[JimboToronto]

Good morning Bitcoinland.

Still consolidating just a smidgen higher than yesterday and the day before... currently $23565USD/$30135CAD (Bitcoinaverage).

Let's keep this slow controlled rise going... not too fast.

Go Bitcoin go.

have you heard that Elwars cruise ship Satoshi is getting scrapped?
They couldn't get insurance.

https://mailchi.mp/ba2ecae563e0/satoshis-final-voyage?e=613696359f

Is anyone really surprised?

Of all the mainstream financial rackets, insurance companies perhaps are the worst.

They hate Bitcoin.

[Globb0]

I just need to find a second hand nuclear sub.

We are going to go deep this time!

Free trade on board the Satoshi Nautilus!

[soullyG]

Sorry to hear about the Satoshi, Elwar!

[philipma1957]

I don’t have a lot of coins so I really need $100k+ for it to matter in a life changing way..

I’m pretty comfy being poor though.. Have been poor all my life..
I am very self sufficient so I can do, enjoy, and have a lot while spending very little..
I don’t need as much $$ because I don’t need to hire everyone else to do things for me.. I can do most everything on my own..

My dream is to have a long vacation in a sailboat around the world..
I don’t need a massive expensive boat and can do all the maintenance work myself.. So like $50k for a boat buy/maintenance budget and basically money for food/expenses to last atleast a few years..
If god is kind he will smite me down in a hurricane before I run out of food money so I never have to go back to the rat race..

Nah if god is kind you will find a sinking boat rescue a BTC billionaire that gives you two old unopened 50 coin blocks.
100 btc at 23 k is 2.3 million

100 btc at 100k is 10 million since you will be crusing when coin is 100k + it will be over 10 million in value.



There is an old beer commerical with the theme it does not get better than this.

To make the gift of 100btc to you better BTC doubles by the time you get back on shore.

Making the 10 mil in coin worth 20 mil.

[Karartma1]

Talking about all ahead one third, have you heard that Elwars cruise ship Satoshi is getting scraped?
They couldn't get insurance.

https://mailchi.mp/ba2ecae563e0/satoshis-final-voyage?e=613696359f

Elwar is a likable guy, but I've never understood his obsession with seasteading. I guess that, when you become super-rich, something screws up in your head and you become obsessed with pointless, impossible tasks. Risto Pietila comes to mind. It's sad, really.

Trying to go against nature is a futile, pointless task, as is trying to go against the establishment without a feasible plan. Taking the law on your hands and setting up a seastead in the middle of the ocean is madness and delusion combined.

IMHO.

https://en.wikipedia.org/wiki/Republic_of_Rose_Island

[eddie13]

I don’t have a lot of coins so I really need $100k+ for it to matter in a life changing way..

I’m pretty comfy being poor though.. Have been poor all my life..
I am very self sufficient so I can do, enjoy, and have a lot while spending very little..
I don’t need as much $$ because I don’t need to hire everyone else to do things for me.. I can do most everything on my own..

My dream is to have a long vacation in a sailboat around the world..
I don’t need a massive expensive boat and can do all the maintenance work myself.. So like $50k for a boat buy/maintenance budget and basically money for food/expenses to last atleast a few years..
If god is kind he will smite me down in a hurricane before I run out of food money so I never have to go back to the rat race..

Nah if god is kind you will find a sinking boat rescue a BTC billionaire that gives you two old unopened 50 coin blocks.
100 btc at 23 k is 2.3 million

100 btc at 100k is 10 million since you will be crusing when coin is 100k + it will be over 10 million in value.



There is an old beer commerical with the theme it does not get better than this.

To make the gift of 100btc to you better BTC doubles by the time you get back on shore.

Making the 10 mil in coin worth 20 mil.

Would make a great movie, but Im not greedy to hope for such, lol..