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

[xhomerx10]

Sometimes governments seem to forget who's the employer (taxpayers) and who's the employees (politicians and civil servants).

Don't you just hate insubordinate employees?

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[JimboToronto]

Didn't notice if this was already posted here. If so, sorry for the repost:

A little comic relief...

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

[philipma1957]

Didn't notice if this was already posted here. If so, sorry for the repost:

A little comic relief...

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy


...

The truth is that Bitcoin, unlike gold, is worthless.* It doesn’t do anything; it has no inherent value and can’t be converted to some other purpose. It’s not backed by a government, making it most useful to transnational crime networks, intelligence agencies, and anyone else looking to keep some assets off the books. The electricity cost of creating, or “mining,” a Bitcoin—which requires accessing the Bitcoin network and making a complicated mathematical calculation that requires tremendous computer power—makes it indefensible. (The more Bitcoin that are mined, the more complicated the calculations become.) Bitcoin works, if at all, because a band of rich speculators has decided it should. Institutional investors are pouring billions into Bitcoin, which some analysts think account for much of its movement in recent months. MicroStrategy itself counts the finance giant BlackRock as its biggest outside shareholder. (Saylor has said that he thinks much Bitcoin trading data is inaccurate.)...

This is the lie anyone that understands solar energy and wind power knows that this is basically a criminal false hood.

The btc mining incentive can allow for solar and wind power to be built world wide.  I have already been involved in build one solar array with more then 100kwatts of power that was fully paid off in under 4 years (2017). we are now doing a second solar project with more then 500kwatts of power that should be fund from our 2020-2021 profits.

If I could find a good investor I could build more. 

[STT]

Wow it's a nice setup you have there... is that an 086? 5.25 floppies right? 

I owned one of those with dual floppies, did the whole deal including an early GUI (Gem?) predating general windows usage.    I managed to find a buyer for it (its heavy so not easy to do) as it had been working the same for decades, not much but when its a complete deal with monitor and printer someone had a use for it.     Used to type all my old test essays on it as my handwriting is hieroglyphical but I top 50wpm np

creeping march

   Its something to be wary of overall and 14 days is rapid if we account for non working days also.  So the market surprise from Ripple which was a centralised puppet setup anyway is spreading to other coins for some reason, its notable as news I think.    A year ago I did expect some negative news in crypto overall so hope its not to reappear now.   Immediate effect for BTC is some forced buying as people dont want to be marooned in an exchange that already over charges for withdrawal fees etc.   so generally I think some knock on effect even outside the exchange.

BTC is above the 2 day average but also some constricting range near 30k recently.

[philipma1957]

Well we are at or close to my projected correction point of 26-30k.

If we don't correct my second point of correction is 70-80k

Big difference  in those numbers.

first one represents July 2019 price of 13k with adjustment for diff, eff, and block size.

the higher number represents dec 2017 price of 19.9k with adjustments for diff,eff,and block size.

Neither level held. I thought us more likely to correct at the 2019 adjusted point ie 26-30k

we are there. 

I now have to decide cash out and don't hodl

Partly cash out partly hodl

or fuck it just hodl.

Mining is like stacking coin.  So even if I sell everything now.

I will still accumulate .

It is a different mindset then buy the dip and hodl.

I think I will do nothing for a bit just mine and hodl.

[JimboToronto]

Didn't notice if this was already posted here. If so, sorry for the repost:

A little comic relief...

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy


...

The truth is that Bitcoin, unlike gold, is worthless.* It doesn’t do anything; it has no inherent value and can’t be converted to some other purpose. It’s not backed by a government, making it most useful to transnational crime networks, intelligence agencies, and anyone else looking to keep some assets off the books. The electricity cost of creating, or “mining,” a Bitcoin—which requires accessing the Bitcoin network and making a complicated mathematical calculation that requires tremendous computer power—makes it indefensible. (The more Bitcoin that are mined, the more complicated the calculations become.) Bitcoin works, if at all, because a band of rich speculators has decided it should. Institutional investors are pouring billions into Bitcoin, which some analysts think account for much of its movement in recent months. MicroStrategy itself counts the finance giant BlackRock as its biggest outside shareholder. (Saylor has said that he thinks much Bitcoin trading data is inaccurate.)...

This is the lie anyone that understands solar energy and wind power knows that this is basically a criminal false hood.

The btc mining incentive can allow for solar and wind power to be built world wide.  I have already been involved in build one solar array with more then 100kwatts of power that was fully paid off in under 4 years (2017). we are now doing a second solar project with more then 500kwatts of power that should be fund from our 2020-2021 profits.

If I could find a good investor I could build more.  

As I said... comic relief.

It has every hackneyed FUD cliche that's been debunked years ago.

No value... "transnational crime networks"... environmental destruction from mining... scammers...

I'm surprised he didn't mention terrorism, drugs, and kiddie porn. LOL  

 

[d_eddie]

Sometimes governments seem to forget who's the employer (taxpayers) and who's the employees (politicians and civil servants).

Don't you just hate insubordinate employees?

+1 WOsMerit

We pay them with money and privileges so they can help us.
Never forget.

I wish they could be held responsible for f***ing up. I mean criminally and civilly responsible. The only language humans really understand.

[d_eddie]

Can you see the pattern, gents?

First, Mnuchin & co. try to sneak in a rule (with actual power of law) to mandate disclosure of noncustodial wallets - that's the "your keys" part in "not your keys, not your coins". The personal wallets, d'oh. I reposted an invitation to comment while there's time. The time, by the way, is unusually short and goes against established practice and customs. Here's my appeal repost.

https://bitcointalk.org/index.php?topic=178336.msg55991999#msg55991999

Then, all privacy coins get an unprecedented wave of delistings. Not only dubious stuff like zcash, but actual solid coins with a history of actual use. I'm talking Monero, my favorite altcoin personally.

I support kurious's idea of boycotting exchanges that delist legitimate coins without a reason. Were they really served with a gag order? We will likely never know, but the whole thing smells funny. I don't like it a bit.

Happy New Year, brothers!

Allow me a little rant?

TPTB are increasingly making things difficult for us 'plebs' to act freely and do as we please as we have been able to thus far.  

Today, Bittrex just gave 14 days notice (they normally give 30) of de-listing privacy coins - including Monero, which is a top 20 market cap, and IMHO an honest traditional and respected POW coin.  

You may not hold this coin of course, so you may think it doesn't matter.  But it is the creeping march of an increasingly controlled market wishing to become all seeing and all-knowing, which will enable it to squeeze out what it cannot control; Like, well - you and me.

Just be aware that your right to any kind of privacy means nothing any more, unless of course you are a major institution engaging in their 'normal' institutional practice.

If we have any power it is surely to boycott exchanges that act against our interests.  Exchanges like Bittrex should not be able to act against honest customers' buying preferences without some pushback.  If you care - boycott Bittrex and don't let them do what they want with your Bitcoins, your shitcoins or your privacy.
In a few years, ordinary people like us won't be able to even participate in the market without accreditation at this rate.  
 
Is that what we wanted, is that what Satoshi wanted?  Is this it?  I really hope not.  But while we still have power (when exchanges want our coins) let's think about who we give our coins to, eh?  Without our coins they are finished.

Let's not sleep through a total takeover of the market and a mission creep that is intended to gradually squeeze us out?

Fuck Bittrex.  
/rant.

+1 WOsMerit.

I wish I had some 'boring' smerits to give, but it's not that important. It's important that we act a little, at least to let somebody know we are not pleased with this state of affairs. One day we will be more influent, and we won't forget.

[JL0]

[JayJuanGee]

[edited out]

Not the only thing incoming 2021

Real onchain use for lots of things - in transparent original BitCoin way might be only save here.

No protection on number go up shills

Learn how to spell, you fucking twat... referring to you, hv_.

You have been in the bitcoin space long enough to know that only diptwats capitalize the "C" in bitcoin.. either you capitalize the "B" or you do not, the "C" is not capitalized.

On the other hand, if you are referring to some other coin, or some shitcoin rather than actually talking about bitcoin, then get the fuck out of this thread with your fantasizing nonsense, we (yes the royal we) do not need either your attempts at providing misleading information in this thread or your reference to off topic bullshit, including your fantasy going to zero shitcoin(s)..

Sorry about your losses (not really.. you fucking deserve it you ongoing troll/shill twat) if you are holding any of that never ending price dropping shit.

[goldkingcoiner]

I did see this too. XMR has taken a bit of a beating this morning with the news. I don't think it's a massive deal currently but there's surely something going on in the background. Even Voorhees alluded to such

https://twitter.com/ErikVoorhees/status/1345100565735378947

At this point, maybe privacy coins will still be saved by DEXs or underground markets (if there are any)...  

[JimboToronto]

...BitCoin...

Learn how to spell, you fucking twat... referring to you, hv_.

You have been in the bitcoin space long enough to know that only diptwats capitalize the "C" in bitcoin.. either you capitalize the "B" or you do not, the "C" is not capitalized.

I learned 8 years ago that the "B" is only capitalized when referring to the protocol or the currency as a whole. It is not capitalized when referring to an actual unit. The "S" in Satoshi is only capitalized when referring to Bitcoin's creator, not the unit.

i.e. "The smallest unit of Bitcoin is the satoshi which is one one-hundred-millionth of a bitcoin".

Capitalizing the "C" is almost as moronic as making it into 2 words... "Bit Coin".

[lightfoot]

Looks like an incomplete trolley problem. Is Rudy right below for him to land on?

[philipma1957]

I would save him.  But he is pretty heavy So I would need your help.

[HI-TEC99]

...BitCoin...

Learn how to spell, you fucking twat... referring to you, hv_.

You have been in the bitcoin space long enough to know that only diptwats capitalize the "C" in bitcoin.. either you capitalize the "B" or you do not, the "C" is not capitalized.

I learned 8 years ago that the "B" is only capitalized when referring to the protocol or the currency as a whole. It is not capitalized when referring to an actual unit. The "S" in Satoshi is only capitalized when referring to Bitcoin's creator, not the unit.

i.e. "The smallest unit of Bitcoin is the satoshi which is one one-hundred-millionth of a bitcoin".

Capitalizing the "C" is almost as moronic as making it into 2 words... "Bit Coin".

It's Bit Corn not Bit Coin, and it comes in shares, not satoshis.

[JimboToronto]

Capitalizing the "C" is almost as moronic as making it into 2 words... "Bit Coin".

It's Bit Corn not Bit Coin, and it comes in shares, not satoshis.

Indeed. And we all know Prof. Mark T. Williams is no moron. 

[Icygreen]

Happy New Year WO's!  

Observing some interesting gainz™ lately yet realizing we've only recently poked through into HODL territory.  Feeling content with the ride so far, lost a couple hours of sleep checking late night prices this week  .  Grateful to begin a new year this way.  

[JayJuanGee]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself.  

Don't be calling ur lil selfie "no one."

Remember, you are somebody, you fuck.    

[Toxic2040]

#dyor

we know whats below us..we just have to find out whats above us   



four hour dragonfly

#stronghands

[JayJuanGee]

I am amused that we have made a new ATH of $29,700 and no one seems to have noticed.  Including myself. 

I think there are a few people that now have made serious $ or should I say serious Maybe 100+ coins

They may have decided to back off on posting like mad.

I think there are some in the 10-50 coin in holdings that now are Maybe I should shut up as my 290k to 1450k could get me hurt.

So posters with 0.5-10 coins may still be posting a lot. As they really need BTC to move to 100k or more

before they think they have decent money.

The thing is that "decent money" is very subjective. And while somebody's goal is $1m there are peeps who have that amount in fiat and its a not big deal for them. So they're just waiting until their 50 coins will cost say $25m... that would be a life-changing money for them...

I member that early on when Mindrust was reestablishing an apparent sat stackening strategy in 2018 and 2019, his initial goal was ONLY that his wealth reach a level in the ballpark  of $500k, and he proclaimed that he had pretty modest requirements and goals - but then it seemed like later - maybe late 2019 and even 2020, he started to assert that his goals were higher.  Of course, it is hard to be clear about this, but it can be reasonable that guys (and gal) are going to change some of their goals from time to time. and even have to be forced into changing their goals - especially after some of the revelations that we had through 2020 in respects to the ongoing dilution of fiat - that might likely cause a lot of people to conclude that they need a lot more value than they had previously considered to be sufficient or more than sufficient.. now the perceptions of those levels of "sufficiency" has likely been undermined by the happening of happenings in this past year.

But, to tell you the truth, I could see that some folks who live in parts of the world in which the costs are NOT as high, a half a million might be enough.. I personally had considered $2million to be sufficient on a kind of wider spread basis.. even though it surely might be an entry point for a lot of peeps...

We have also found out that people have differing ways of calculating what is enough -based on if they believe the asset will appreciate, depreciate or hold its value and also based on if they are planning to delve into the principle or merely attempt to live off the projected appreciation of the asset (to the extent that the asset might depreciate)... I have some of my own calculations on those topics, too.. that I have shared from time to time, and am not opposed towards continuing to share to the extent that anyone wants to take the discussion further in that direction.

New ATH's reached as I am typing this post... observing $29,754...