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

[Sayeds56]

taking into account that 500 years is a long time, them slowly dying will take a while. easy another 50 years.

One day, our grand children's grand children will be talking about this thread. Bitcoin celebrates it's 500th birthday.

Its very long time and many changes can happen during this time but may be someone found this forum and then this thread for celebrations and found us in very early stage of this bitcoin many crazy things happened here.

Diamonds are for ever they never die.
 

[OutOfMemory]

This is not unusual or a big thing. Saying it was on "two chains" is invalid as there is only one real chain.

It was technically a "block reorganization". Happens all the time. This one was just more significant than all the others, and people ran with the FUD over a trivial number of satoshi.

Everything is retarded.

Everything is frightened.

People are just too frightened all the time. You don't need much to make a significant amount of them panic.
Consider, this is happening in times of unprecedented security. Life was never as safe as today (confirmed by science and math).
I guess the media and politics with their ongoing FUD are teaching people to be scared, and that makes them so easy to be manipulated. Kids are growing up overprotected, and so on.
If you want the crowd to choose A, just make them fear B (and C...).

If you want to escape this, you need to focus on calming down, for quite a while.

[Toxic2040]

This is not unusual or a big thing. Saying it was on "two chains" is invalid as there is only one real chain.

It was technically a "block reorganization". Happens all the time. This one was just more significant than all the others, and people ran with the FUD over a trivial number of satoshi.

Everything is retarded.

Its not every day the 21st day of the 21st year in the 21st century when a value of $21 gets reorganized on a chain with 21 mil coins

+1 WOsMerit




--------
the noon wall report

clear out that rigging and steady on gentlemen...that was quite the gale

#dyor

4h


D

#stronghands

[sirazimuth]

.....
If you want to escape this, you need to focus on calming down, for quite a while.

Not gonna happen.
Everyone today is focused on one's personal little reality bubble one has set up on that little swiping device tethered to one's person 24/7.

<swipe...swipe...>

[JimboToronto]

Yes, but they may have also sold just to lock in some profits, not because of a false believe in a double spend. Don’t assume to quickly.

They sold at the bottom to lock in profits?

I don't think so. They were spooked by something they didn't understand.

Let the name Nextech go next to Mindrust on the no-coiner sell-at-the-bottom wall of shame.

[vapourminer]

This is not unusual or a big thing. Saying it was on "two chains" is invalid as there is only one real chain.

It was technically a "block reorganization". Happens all the time. This one was just more significant than all the others, and people ran with the FUD over a trivial number of satoshi.

why was this reorg so important? we have had longer chain reorgs (even 2+ blocks orphaned a few times iirc but its rare). was it just some big shot who had no clue as to how corn and POW works noticed and freaked?

[sirazimuth]

....
Its not every day the 21st day of the 21st year in the 21st century when a value of $21 gets reorganized on a chain with 21 mil coins

doo doo do do doo doo do do......

[wavessurfing]

may we change the unit ?

https://twitter.com/PeterSchiff/status/1352625339944607744

The idea that Bitcoin is scarce as there's only 21 million is nonsense.

One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis.

So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce!

[sirazimuth]

...... was it just some big shot who had no clue as to how corn and POW works noticed and freaked?

that....
or maybe some big shot who definitely had a clue as to exactly how corn and POW works, released the FUD, and swiftly bought the expected, ensuing temporary dip.

may we change the unit ?

https://twitter.com/PeterSchiff/status/1352625339944607744

The idea that Bitcoin is scarce as there's only 21 million is nonsense.

One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis.

So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce!

Now that's fucking rich. He's just playing on average Joe's ignorance. Small wonder in these times.

[d_eddie]

...... was it just some big shot who had no clue as to how corn and POW works noticed and freaked?

that....
or maybe some big shot who definitely had a clue as to exactly how corn and POW works, released the FUD, and swiftly bought the expected, ensuing temporary dip.

... with at least some nextech complicity.

[sirazimuth]

Hell yeah, BTC. The whale's dream asset....

Billionaire... "I have a few million to play around with....what should I do for a shiggle and instant profit?"
Informed financial advisor who knows his shit..."Have you heard of bitcoin?....."

[explorer]

Yes, but they may have also sold just to lock in some profits, not because of a false believe in a double spend. Don’t assume to quickly.

They sold at the bottom to lock in profits?

I don't think so. They were spooked by something they didn't understand.

Let the name Nextech go next to Mindrust on the no-coiner sell-at-the-bottom wall of shame.

NilTech

[BobLawblaw]

why was this reorg so important?

It wasn't important at all. Massive FUD overdrive yesterday. Stacked another ~0.15 BTC, so can't be too angry with how things worked out.

[True Myth]

So, is it time to buy back in after panic selling at the bottom or do we wait another $2 - $3k? 
I've not sold a single sat

[explorer]

So, is it time to buy back in after panic selling at the bottom or do we wait another $2 - $3k? 
I've not sold a single sat

   No, you can't be sure NGU until at least 100k

[yefi]

may we change the unit ?

https://twitter.com/PeterSchiff/status/1352625339944607744

The idea that Bitcoin is scarce as there's only 21 million is nonsense.

One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis.

So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce!

Well that's nothing, I just discovered that an oz of gold merely represents 95 sextillion gold atoms.

With a supply of about 600 nonillion atoms, gold is anything but scarce!

[El duderino_]

[True Myth]

may we change the unit ?

https://twitter.com/PeterSchiff/status/1352625339944607744

The idea that Bitcoin is scarce as there's only 21 million is nonsense.

One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis.

So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce!

Well that's nothing, I just discovered that an oz of gold merely represents 95 sextillion gold atoms.

With a supply of about 600 nonillion atoms, gold is anything but scarce!

I'm thinking maybe we should start using Honest Politicians as a store of value.  Surely they are scarce...

[El duderino_]

https://twitter.com/bitstein/status/1352423991114403841?s=21

[True Myth]

may we change the unit ?

https://twitter.com/PeterSchiff/status/1352625339944607744

The idea that Bitcoin is scarce as there's only 21 million is nonsense.

One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis.

So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce!

Well that's nothing, I just discovered that an oz of gold merely represents 95 sextillion gold atoms.

With a supply of about 600 nonillion atoms, gold is anything but scarce!

Also... did you see the replies lol