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

[Evilish]

And we're back over 35k.

In memory of the 2018 crash:
https://youtu.be/8VIfo4YbELY

In memory of the 2021 correction:
https://youtu.be/OyXS7QCDn3I

Haha, good reminder of 2018. Love that unexpected Carlos Matos bit.

[JayJuanGee]

i sold too many BTC at under $1000 per corn !!    doh

Figured as much.... wwwwwwweeeeeeee!!!!

Holy crap. Looks like price touched 30k a couple hours back. I wouldn't be surprised if we hit 25k in the next few days. Or go back up to 40k. You never know with BTC.

Welcome back to the olden days. I wonder how long it will take to rebound this time.

I actually find what is happening to be expected. The days when the price doesn't stop breaking ATH after ATH are very cool but they can't last forever. What I'm sure of is that some weak hands bought around $40 and sold at a loss, since I think the general retailers started to influence the price somewhat from $20-25k as shown by google trends and stated in this article, and those retailers are more prone to sell out of panic.

They sell because they are amateurs in the world of bitcoin, and they believe that they are going to be able to buy back cheaper, which more frequently than not ends in tears (or having to buy back at a loss).

[SiNeReiNZzz]

[JayJuanGee]

Missing a couple-few 0's before that "x" there  

There are probably a variety of ways to figure out average costs per BTC, and even if having had sold to create a $0 cost basis by playing with "house money" 

But I am just going to suggest that mine might be something like the dip caused me to go from more than 40x profits to only about 30x profits.. even though it could be accurate to just add a zero and say going from 50x to 40x profits.. .. it still adds up to similar kinds of calculations in which these kinds of percentages of dips do not seem as material as to when you are either barely in profits or you are not quite into profits, yet.. then the dips feel more consequential and amazing.

The moral of the story is that in the vast majority of cases newbies are not going to be rushed into having those kinds of greater levels of cushions, and if they are early into bitcoin, they just have to be considering various ways to take reasonable and prudent steps to engage in ongoing BTC accumulation without risking much if any principle along the way, and after a couple of 4 year cycles they are likely going to have profit cushions that are much greater than they are going to be able to get in the vast majority of traditional asset classes.

[STT]

Source: Statista

The majority of the tax is paid by whatever the lowest tier is in the country.  I always think thats an important check to make when determining the likelihood of some idea proceeding successfully or not. So like the idea of only raising taxes on the rich is usually flawed and fails, fine words but in poor effect.    Politics is nonsense very often, I reject 90% of it of being anything more then a burden and its greatest use is avoiding wars through diplomacy, communication.



Is this document likely to have much impact

https://t.co/cqGPeyMzx2?amp=1

[lightfoot]

Also this. I mean they can easily touch the databases.

I’m not a system architect but expect it really depends on the setup.  If they are using Bring Your Own Key (which they should be...) then it’s all encrypted and AWS doesn’t have the key. 

BYOK is tricky to implement: If your keyserver blows up then your whole company is down. But yes, if implemented it will prevent the Govt or Amazon from getting your data. Of course they can start torturing your IT staff, but that is a different problem. It helps to have keys that explode if tampered with.

Fun stuff.

[explorer]

Steady as she goes

[JayJuanGee]

A comparison between January 2017 and January 2021
 

coingecko.com


January 4, 2017: 1,130 dollar
January 11, 2017: 780 dollar

31% drop in 7 days.
After that, the price increased 24x in less than a year.

A same thing is happening today (January 11, 2021)
+200K dollar in December 2021?

Who knows... maybe K300-400K ... When it will be too high, they will try to make it more stable.  

Who is "they" ?  You have been reading too many Torque posts, lately?

I have no doubt BTC can go to 6 digits and eventually 7, but 300-400K this year ? It just doesn't compute, I'll believe it when I see it.

Hopefully u pee pare ur lil selfie, too, just in case it does happen...

You should not want to NOT be pee pared for such an occurrence were it to happen and even if you believe such a scenario to be too extreme for ur lil selfie.

By the way, another scenario is that the top of this particular price cycle (top) could get drug out and it could take nearly 2 years from here to reach the top of the top, such as $300k to $1million or some other seemingly extreme number that ends up being reached.. but such top would still reasonably be considered to be a part of this particular 4-year cycle, even if  such top ended up taking something like 5 years (instead of 4 years) to play out.

[Syke]

Suffer well!

+10 WOs merit for DM reference

You'll dance to anything.

Inception. DM reference to a DM reference.

[Arriemoller]

That's some really scary shit, how six filthy rich people can control 90% of the online communication.

People on the extreme left are too stupid to realise that they are actively advocating that everyone just becomes a consumer in the end. There will not be a Twitter for the average user if this goes on, with the reason: "well words on the internet can be too dangerous". You will literally only have blue tick Twitter users and Grey tick YouTubers with comments switched off.

Consider that 20-25 years ago people started to go on the internet as it had alternative voices to media corporations - tv - newspapers etc. The internet is slowly turning into the thing that people got bored with. Perhaps people who grew up with the internet already there don't realise that?

I reckon with communication being that easily controlled by these cowards (cowards, because they all seem to act in tandem with big bans - deplatforming) I don't see how marginalising Bitcoin is impossible.

Don't you think there is a margin between total censorship and "anything goes" ?

I don't know about the bunny, but I think that anything legal should be ok to post.

[BobLawblaw]

Let it be said, the saddest of sad days happen, when Bob wants to, but is unable to buy the fucking dip.

Thanks Gemini.

[Arriemoller]

Also, it's not being "extreme left" to prevent people from organizing a coup and lynchings, it's called civilization.

With that type of logic book burning can be justified indeed.
I see it as a slippery slope like I said. Others see it as a good thing for the greater good.

As pointed out that greater good is slowly controlled only by billionaires.

Book burning by whom ? We're talking about private companies here. And usually on bitcoin forums people don't have problems with billionaires, but I guess there are exceptions.

And you think it's ok for a few private companies to control what we can and can not say?

When People got sick of twitter and started to migrate to Parler, Twitters owner called Amazons owner and asked him to shut down Parlers servers to kill the competition. A blatant abuse of power, and probably against US antitrust and other laws.

[HairyMaclairy]

https://blog.bitmex.com/increasing-screening-of-illicit-activity-with-chainalysis/

[HairyMaclairy]

Let’s  be clear that speech inciting imminent and likely violence is not protected by the First Amendment

https://en.m.wikipedia.org/wiki/Imminent_lawless_action

[Arriemoller]

Also, it's not being "extreme left" to prevent people from organizing a coup and lynchings, it's called civilization.

This whole thing is heading towards War of Terror 2.0 domestic edition.

There will be Patriot Act 2.0 and then 3.0 and there will be bitcoin sections in them, no doubt.

They already started to block some rioters PayPal and Venmo accounts.

Will they go after bitcoin next? We'll see.

They can't destroy bitcoin, but they can choke the retail usage by over-regulating it. "Accredited investors" will be fine, of course.

The US likes to go from one extreme to the other, it seems. Maybe a bit more moderation could have prevented that ? Deleting Trump's racist tweets starting 10 years ago for example, or at least putting the disclaimers they now put ?

If you think free speech is an extreme, you do not belong in a western country.

[Hueristic]

The US likes to go from one extreme to the other, it seems. Maybe a bit more moderation could have prevented that ? Deleting Trump's racist tweets starting 10 years ago for example, or at least putting the disclaimers they now put ?

Freedom is a dual edge sword.

[StartupAnalyst]

Let it be said, the saddest of sad days happen, when Bob wants to, but is unable to buy the fucking dip.

Thanks Gemini.

Oooh, how familiar this is to me! I myself bought yesterday with all the shitmoney I had. Goodbye, my euro stash, I took it all out 

[Arriemoller]

That's some really scary shit, how six filthy rich people can control 90% of the online communication.

People on the extreme left are too stupid to realise that they are actively advocating that everyone just becomes a consumer in the end. There will not be a Twitter for the average user if this goes on, with the reason: "well words on the internet can be too dangerous". You will literally only have blue tick Twitter users and Grey tick YouTubers with comments switched off.

Consider that 20-25 years ago people started to go on the internet as it had alternative voices to media corporations - tv - newspapers etc. The internet is slowly turning into the thing that people got bored with. Perhaps people who grew up with the internet already there don't realise that?

I reckon with communication being that easily controlled by these cowards (cowards, because they all seem to act in tandem with big bans - deplatforming) I don't see how marginalising Bitcoin is impossible.

People are also blind to the 2 other main reasons why Big Tech and Wall Street want to shut Parler down:

1) Big Tech social media and MSM competitor (hundreds of millions would migrate from Twitter, FB, etc.)

2) Parler CEO has vowed that his company would never collect and sell user data to govt, alphabet soups, or Wall Street

The powers that be won't be having it.

Security researchers claim that the scrapped posts are linked to accounts that posted them, and some of the video and image data have geolocation information. That is said also to include data from Parler’s “Verified Citizens,” users of the network who verified their identity by uploading photographs of government-issued IDs, such as a driver’s license.

The data might prove valuable to law enforcement since many who participated in the riots deleted their posts and videos afterward. The data scrape includes deleted posts, meaning that Parler stored user data after users deleted it.

A sample quote:



https://cybernews.com/news/70tb-of-parler-users-messages-videos-and-posts-leaked-by-security-researchers/

Drinking blood from skulls sounds unhealthy, could be full of blood borne diseases.
They should at least process the blood before drinking it, and make sure the skull is thoroughly cleaned and disinfected.

[Arriemoller]

[...]

A sample quote:



https://cybernews.com/news/70tb-of-parler-users-messages-videos-and-posts-leaked-by-security-researchers/

Wow!

I wasn't aware of Parler until the recent events. I'm not a social media fan, don't do Facebook, don't do Twitter, don't do Instagram. Don't do anything of this sort.

70 TB? This is a ton of data!

Reading the above quote just shows the intellectual and moral level of some of those American "patriots". I think many of them should probably be admitted to a psychiatric hospital for evaluation. The wiring in their brains seems seriously wrong. And the sad part for them is that Trump probably doesn't give a fuck about them...


Edit:

And another... Thanks Hairy.

Picking the worst messages you can find, clearly made by disturbed individuals, and trying to pass them of as being representative for all Trump supporters is just morally and intellectually wrong. You can find tweets like this on twitter from disturbed leftists as well if you look hard enough.

[Hueristic]

Picking the worst messages you can find, clearly made by disturbed individuals, and trying to pass them of as being representative for all Trump supporters is just morally and intellectually wrong. You can find tweets like this on twitter from disturbed leftists as well if you look hard enough.

Just for fun, show me them.