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

[Wekkel]

Cool website if you like Bitcoin metrics: https://bitbo.io/

[1715308703]

1715308703

[1715308703]

1715308703

[1715308703]

1715308703

[1715308703]

1715308703

[1715308703]

1715308703

[somac.]

WoW, Gamestop was the most traded equity on the planet today.

Reddit army just killed one hedge fund and bailed out by their Wallstreet friends instantly.

Wall Street billionaires lost $8b in one day.

Elon musk shilling GME.

lol.

Isn't colluding to pump/dump a stock, market manipulation by definition? This is not bitcoin, SEC can go after them

SEC have been on a multi decade lunchbreak. They ain't stopping now.

[600watt]

That Gamestop run up was put together by a Reddit group.  They set out to wreck all of the shorts that had been set.  They succeeded.

The guy who put it together pulled in $11 million from the run up.

This crazy fucking bastard held onto his stash and is up to $22 million now.
https://www.reddit.com/user/DeepFuckingValue/

That dude really needs to take some profit soon, because that stock is definitely going to plummet back to earth. And fast, when it does.

It's actually grown from a clear case of autism to a social phenomenon.

They already have more than 140% shorts in GME. If they would increase even more the whole thing would throw a bad light on re-hypo. How did shorts manage to obtain 40% more stock to short that there suppose to be? Prominent people are starting to put their finger on the scales too-Chamath and Elon (on the long side). The thing is-they gave play money to people with not much to do and they went and bought GME, surprise, surprise. Other stonks with concentrated short interest are starting to pop as well. Who actually cares if a hedge fund or two will go bankrupt...there are thousands more. In fact, i am sure that some hedgies are already "feasting" on GME shorts. I am staying away from the whole thing.

Strangely enough, bitcoin or shitcoins are not involved (yet), and I am glad that bitcoin isn't.

it is a relief to see crazy things going on in finance and bitcoin is not part of it. the global communication platform that the internet is, has an impact on markets. bitcoin feeds on the same phenomenon. bitcoiners are even better connected than a bunch of redditors. nice stunt though. it is hard to get a crowd pull in the same direction. there will be more of that in the future. bitcoin isnt the only insane thing with astronomical profits. good.

the 22mio dude must be a seasoned btc hodler...  

[somac.]

Has anyone here seen Meetings, Bloody Meetings (1976)? https://www.imdb.com/title/tt0295434/

It is a mangement teaching video staring John Clease. I saw it many years ago and it is really good and very funny. Trailer is below.

https://www.youtube.com/watch?v=ZWYnVt-umSA

[BinaryReign]

“The activity in GameStop is more proof of concept that Bitcoin is going to work,” Scaramucci said in an interview. “How are you going to beat that decentralized crowd? That to me is more affirmation about decentralized finance.”

This is the only part worth seeing behind that Bloomberg articles paywall 

[El duderino_]

Comparing Bitcoin to the internet is deeply flawed.

honest question: why is this deeply flawed? please elaborate.

Internet started as an idea, which later was implemented as ARPANET (which most people nowadays have never heard of).
The idea lives, but it is a collection of myriad of technologies, networks, protocols, cryptography, devices etc..
It's not one thing, it's all of it.
Greatness of the internet is that everyone can use it and benefit from it, but it's not an asset you can buy.

Bitcoin is code and data, which uses cryptography and was intended as a trustless digital currency to allow direct transactions, however it is more store of value since, and more so as its value rises.
Greatness of the Bitcoin is the concept, the idea, and that doesn't need BTC to live, same like internet doesn't need ARPANET.

There's a lot of more accurate analogies (key word is analogy), for example, what Ford T is to the idea of vehicle, Bitcoin is to the idea of currency.

For now, lot of people believe it is safest and most rewarding asset you can own today - me included, otherwise I wouldn't be BTC hodler.
All I was saying was, no one can predict next 10y. I doubt Satoshi 13y ago ever thought what it may become and be used for.

https://bitcointalk.org/index.php?board=67.0

Only came 2 short to make this brother hero.... if someone could step in, as for somac. only 50 max in 30 days, but you're also almost there ... cheers

[Paashaas]

Just wait until they realize what Bitcoin can offer to them.

[El duderino_]

Btw :

[Karartma1]

Btw :

By the way, when I first look at your hat, I am afraid I see rollercoaster guy crashing down. Is it just me? 

[Globb0]

Also will be looking to set up a low-key private wireless ISP service for the area (will at least have a single Starlink satellite system, in addition to whatever runs we decide to have the local telcos make)

Take a look at unify / ubiquity products. ui.com

I have their UAP-AC-Lite as my own separate wireless access point at home.

You will still want to install hard wire cables on your property, at least CAT6 ethernet (good enough for gigabit speeds or faster).

And fibreglass linked switches everywhere!

Did you mean fiber optic? That may work, you could check out their air fiber things, they allow you to connect one point to another up to 22 miles away (you'd need to set up little towers on both ends). That would be your own backhaul.

But one location can handle a bunch of CAT6 cables just fine.

No no, classic fibre optic cables, just between switches (or floors, buildings, server rooms) to circumvent throughput bottlenecks. IIRC hewlett packard built them too.
I wired some two decades ago, but they were made by some other vendor (cisco, maybe?)...

I remember my cisco days, when you could just disappear in the network

[OutOfMemory]

Also will be looking to set up a low-key private wireless ISP service for the area (will at least have a single Starlink satellite system, in addition to whatever runs we decide to have the local telcos make)

Take a look at unify / ubiquity products. ui.com

I have their UAP-AC-Lite as my own separate wireless access point at home.

You will still want to install hard wire cables on your property, at least CAT6 ethernet (good enough for gigabit speeds or faster).

And fibreglass linked switches everywhere!

Did you mean fiber optic? That may work, you could check out their air fiber things, they allow you to connect one point to another up to 22 miles away (you'd need to set up little towers on both ends). That would be your own backhaul.

But one location can handle a bunch of CAT6 cables just fine.

No no, classic fibre optic cables, just between switches (or floors, buildings, server rooms) to circumvent throughput bottlenecks. IIRC hewlett packard built them too.
I wired some two decades ago, but they were made by some other vendor (cisco, maybe?)...

I remember my cisco days, when you could just disappear in the network

Me too, if we mean the same thing.
I mean when being busy cabling in rooms full of network hardware cabinets, which you had to step into more than occasionally and effectively disappeared for somebody who came by and switched off the lights. 
Luckily there were plenty of blinking LEDs to let me find the way to the light switch 

[somac.]

Comparing Bitcoin to the internet is deeply flawed.

honest question: why is this deeply flawed? please elaborate.

Internet started as an idea, which later was implemented as ARPANET (which most people nowadays have never heard of).
The idea lives, but it is a collection of myriad of technologies, networks, protocols, cryptography, devices etc..
It's not one thing, it's all of it.
Greatness of the internet is that everyone can use it and benefit from it, but it's not an asset you can buy.

Bitcoin is code and data, which uses cryptography and was intended as a trustless digital currency to allow direct transactions, however it is more store of value since, and more so as its value rises.
Greatness of the Bitcoin is the concept, the idea, and that doesn't need BTC to live, same like internet doesn't need ARPANET.

There's a lot of more accurate analogies (key word is analogy), for example, what Ford T is to the idea of vehicle, Bitcoin is to the idea of currency.

For now, lot of people believe it is safest and most rewarding asset you can own today - me included, otherwise I wouldn't be BTC hodler.
All I was saying was, no one can predict next 10y. I doubt Satoshi 13y ago ever thought what it may become and be used for.

https://bitcointalk.org/index.php?board=67.0

Only came 2 short to make this brother hero.... if someone could step in, as for somac. only 50 max in 30 days, but you're also almost there ... cheers

I've sorted that for you. Of course they are your smerits in the end. You are very generous with them.

[somac.]

1 week to go till the start of Microstrategy's Bitcoin for Corporations event.

https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit

Very bullish.

[dre1982]

Cool website if you like Bitcoin metrics: https://bitbo.io/

That's a cool website indeed. I was looking for such site which shows all data at once.

The only thing I miss that you could directly convert amounts between BTC <> Currency.

[bitcoinPsycho]

Many thanks to mic and somac  

[Syke]

Sure, Scott Adams had some good comics, but he's a right-wing nutjob now.

[600watt]

One for the bears - Entity-Adjusted SOPR

https://twitter.com/satoshilatino/status/1354071325669810177

I don't know what the entity part means.

Of course all other long-term fundamental indicators are bullish. I thought it interesting all the same.

in the german WO willi posted this aSOPR chart, which gives a completely different picture.



does not look bearish at all, imho.


so... somac...  stop pushing fud...  /s 

[OutOfMemory]

mv ./FUD > /dev/null

[El duderino_]

Many thanks to mic and somac  

Dildo?? Can I back de-merit your ass 

[somac.]

One for the bears - Entity-Adjusted SOPR

https://twitter.com/satoshilatino/status/1354071325669810177

I don't know what the entity part means.

Of course all other long-term fundamental indicators are bullish. I thought it interesting all the same.

in the german WO willi posted this aSOPR chart, which gives a completely different picture.



does not look bearish at all, imho.


so... somac...  stop pushing fud...  /s  

Screw you bitcoin is going to crash and the jews are our enemies /s

Seriously though, I've seen the chart you've presented before. And previously during bull runs it has been a great indicator to buy the dip. However, the link I posted is a chart of "Entity-Adjusted SOPR" and its a 30-day average rather than 24hour. What the hell is entity though? I also wonder how they measure it?

EDIT: The following is written on their site despite not being able to view the data

Entity-adjusted SOPR is an improved variant of SOPR that discards transactions between addresses of the same entity ("in-house" transactions). Entity-adjusted SOPR therefore accounts for real economic activity only, and provides an improved market signal compared to its raw UTXO-based counterpart. For detailed information read this article article.