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

[strawbs]

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.

I haven't needed to use exchanges for a long time, so I haven't kept up with developments regarding decentralised exchanges - how are things coming along on that front?

[JimboToronto]

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?

[lightfoot]

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?

Part of the reason I like Atlas Shrugged. Got a good understanding there of who really works for whom and why.

We forget this. A lot. Which is weird.

[Hueristic]

Fuck Bittrex.  
/rant.

https://www.trustpilot.com/review/bittrex.com

Its just a shitcoin exchange.

[Hueristic]

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

You are right but now we are at $29300 hopefully now next stop is $30K very quickly coming.

Just squeeze your butt cheeks tight and pray the tether train keeps chooching.

W0w you had to break this account out of a 2 year hibernation to say this?

[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?

[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.