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

[Elwar]

An interesting article:

https://www.theguardian.com/commentisfree/2021/feb/05/jeff-bezos-elon-musk-spacex-blue-origin

Billionaire capitalists are designing humanity's future. Don't let them

@Elwar might be miffed by the content, though.
I did not know that MS Satoshi story is making rounds in MSM.
Perhaps the author is reading WO?

[savetherainforest]

stop selling I want to live in a house

build one with u'r bare hands! ... Look at that guy on youtube that can build with mud, stones and branches. If he can do it, you can do it !

[Biodom]

An interesting article:

https://www.theguardian.com/commentisfree/2021/feb/05/jeff-bezos-elon-musk-spacex-blue-origin

Billionaire capitalists are designing humanity's future. Don't let them

@Elwar might be miffed by the content, though.
I did not know that MS Satoshi story is making rounds in MSM.
Perhaps the author is reading WO?

not my opinion, I just post an article (in quotes is the title).

Funny, though, it is not a human skeleton.
Bad model, probably.

EDIT: did not want to make yet another post.
Bitcoin hopium to the power of n (n=2-3):

https://www.reddit.com/r/Bitcoin/comments/leebcr/a_centurylong_bull_market_it_retrospect_it_will/

Wouldn't it be something?

[marcus_of_augustus]

https://rumble.com/vdf4nn-james-clapper-interrogation-2.html

https://rumble.com/vdganl-james-clapper-interrogation-part-5.html

[arcmetal]

It would seem that the authorities are still learning about bitcoin's properties:

https://www.theverge.com/tldr/2021/2/5/22268646/german-police-bitcoin-digital-wallet-missing-password

I observed bitcoin hit over 40k today.

Is this what I'll feel like when it hits 100k:

[savetherainforest]

[...]

It seems as if you, Save the RF, have not learned a fucking thing in your nearly 5 years of participation in this thread.

Holy fucking shit.  

I got my dogo million back!!!!!!    

And I did that by dumping dogo the last few days and pumping BTC.  


edit*():  (it seems to be some price anomaly between BTC::USD // BTC::DOGE // DOGE::USD) (So you can add extra supply from BTC::DOGE to each other one DOGE or BTC counterpart... and that way you create an excess supply in one side while the other one rises or crashes in price against USD.)    

[JayJuanGee]

Don’t have too much fun over the weekend pump guys.  

Can’t have too much fun when your cold, iron fist keeps on HODLING

I hope that you are not suffering too much, LFC... with that cold iron fist of yours.

There surely is some value with delayed gratification.. and yeah, there could be a bit of a dilemma for some HODLers regarding the extent to which a wee bit of shaving off could be prudent - and yeah, we don't really feel like a blow off top or anything like that, even though many of us had been  thinking that $40k or $50k-ish would be good areas to sell decent amounts of stash.. but many of us are not feeling so inclined in these here days... for some reason.. not feeling like the cycle has run.. and it seems still early.. we are like in the early to mid - 2017s rather than the late 2017s.. so it seems.. and gosh, could we be in the early 2013s so deserving two blow off tops in this cycle with the second blow off top obviously playing out as a 5 to 10x BIGGER one.. ?  

I am not going to say.. even though I have some theories that are floating in the decent odds categorizations... feelings... oh oh oh .. feelings...

[Sayeds56]

Great line from Tim Draper:

"I'm actually just buying more [Bitcoin]... I have no interest in ever selling my #Bitcoin for dollars. Why would I take the currency of the future and sell it for the currency of the past?"

https://cointelegraph.com/news/btc-billionaire-tim-draper-to-elon-musk-i-d-buy-the-tesla-cybertruck-with-bitcoin

https://twitter.com/goingparabolic/status/1344432591701766144?s=21

Another great line.
Let this Sunday Kick in hard.
Providing great lines.


#HODLsleep

I think the Ideal Price of one Bitcoin will be 1 Million $ and and 1 satoshi equal 1 cent.

[Searing]

Just an 'aside' for those of you who HODL your Bitcoin no matter what through at least 2020 till today.

Price of Bitcoin on March 13th, 2020, when 'everything' dumped, stock market, BTC Crypto, on the realization that Covid-19 Pandemic was the 'real-deal'!

Anyway, the price of Bitcoin on 3/13/2020 (if briefly) was: $4,916.78 USD.

Could you 'imagine' being in the position of 'panic dumping' your BTC HODL/HOARD on that date and revisiting such a 'decision' today?

Current Bitcoin Price Now: $38, 612.43 (see www.coinmarketcap.com) (use profile post time on this post)

Ack! The Horror! Ack!

Brad

[JayJuanGee]

Observing large walls at $41k and $42k.

Hopefully there's enough pressure to push through and avoid a double top.

What's a double top?

No lambo for Joe!

I thought that was bernie, not joe.

 

>>>>>>

<<<<<<<<

[nanobtc]

Superbowl Sunday,
I'm not really a sports guy,
But I love Cheese Dip.

[Cryptotourist]

Could you 'imagine' being in the position of 'panic dumping' your BTC HODL/HOARD on that date and revisiting such a 'decision' today?

I don't have to, it's called a mindrust maneuver, which leads to mindrust chronic depression and to lengthy rusty pipes etc.

[600watt]

Holy shit, I decided to purge out some old threads in my watch list and I deleted one from the alt section and just because I haven't looked at that board in years now I decided to see what was being posted and I ran into the funniest post I have seen in years!

I think you guys will get a chuckle out of this one!

~snip~

https://bitcointalk.org/index.php?topic=5314741.0

I did chuckle. Poor fella, but I guess you have to learn it the hard way. I didn't know a ticket to the moon was a mere $150 though.

until May 21st 2012, when btc price was around $4-5, $150 would have bought you approx. 30 btc.  as late as january 2013 you could have gotten 15 btc. i dont think fees were an issue back then.

it is by the way quite ironic, that one of vitalik´s arguments to create ETH was the "high fees" in btc. there are videos recorded where he is critizising bitcoin hard for its fees. cant find any link, saw it on twitter.

ETH is the best financed, most effective global marketing steam roller ever created.

in a few decades ETH will be completely forgotten, some obscure technical dead-end street. but vitalik buterin will be remembered forever for his wonderful contribution to the bitcoin community.

as he coined the term bitcoin maximalism



which started as an injurious attempt and became a batch of honor, a duty and a way of life.

[Wekkel]

ETH is turning into a rich men’s gambling paradise. Only with sizeable money you’re able to make winning trades, overcoming the steep gas fees.

It will eventually lead to contenders rising.

Don’t worry, the free market is doing its work.

[Biodom]

IMHO, both @600watts and @Wekkel are both correct and not so in a sense.

I agree about "rich men gambling paradise" and "contenders rising" and "injurious attempt" (even betrayal -that would be a proper description, especially considering his rants about harm to environment-such horsesh-t).
What I don't 100% agree with is that it would be completely forgotten in a few decades.
Well, maybe in some decades, but my time frame is limited to, say, 20-30 years, being wildly optimistic.

Why not?
Well, it is 7 years old already vs 12 for btc.
It has grown as fast as bitcoin in usage and the chart is repeating bitcoin with one cycle lag, it is actually uncanny to what degree it does it.
The longer a technology survives, the longer it would likely to survive, so my argument has some statistical underpinning (Lindy effect and Pareto distribution).
Thereby, it is likely that bitcoin will still be around at least 12 years from now and "another entity" at least another 7.

[Sayeds56]

Just an 'aside' for those of you who HODL your Bitcoin no matter what through at least 2020 till today.

Price of Bitcoin on March 13th, 2020, when 'everything' dumped, stock market, BTC Crypto, on the realization that Covid-19 Pandemic was the 'real-deal'!

Anyway, the price of Bitcoin on 3/13/2020 (if briefly) was: $4,916.78 USD.

Could you 'imagine' being in the position of 'panic dumping' your BTC HODL/HOARD on that date and revisiting such a 'decision' today?

Current Bitcoin Price Now: $38, 612.43 (see www.coinmarketcap.com) (use profile post time on this post)

Ack! The Horror! Ack!

Brad

Current BTC Market Status

[Krubster]

Holy shit, I decided to purge out some old threads in my watch list and I deleted one from the alt section and just because I haven't looked at that board in years now I decided to see what was being posted and I ran into the funniest post I have seen in years!

I think you guys will get a chuckle out of this one!

~snip~

https://bitcointalk.org/index.php?topic=5314741.0

I did chuckle. Poor fella, but I guess you have to learn it the hard way. I didn't know a ticket to the moon was a mere $150 though.

until May 21st 2012, when btc price was around $4-5, $150 would have bought you approx. 30 btc.  as late as january 2013 you could have gotten 15 btc. i dont think fees were an issue back then.

it is by the way quite ironic, that one of vitalik´s arguments to create ETH was the "high fees" in btc. there are videos recorded where he is critizising bitcoin hard for its fees. cant find any link, saw it on twitter.

ETH is the best financed, most effective global marketing steam roller ever created.

in a few decades ETH will be completely forgotten, some obscure technical dead-end street. but vitalik buterin will be remembered forever for his wonderful contribution to the bitcoin community.

as he coined the term bitcoin maximalism



which started as an injurious attempt and became a batch of honor, a duty and a way of life.

Yes, it's mind blowing to think of how much bitcoin has appreciated in value over the years. But it's even more mind blowing when you realize its full potential and where we will be in, say a decade from now.

I thought it was funny how the guy said that he had found "a gem" and decided to purchase his "precious new found ticket to the moon" for $150, when in reality it was probably just another obscure erc-20 token.

I feel sorry for the guys thinking they are too late to to the party and instead they are trying to find the next new thing, just to be badly burnt by the endless pump-and-dump schemes out there.

As a maximalist myself, it's going to be interesting to to see how this unfolds from the sideline.

[Wekkel]

I think Ethereum in it’s current form may be subject to faster depreciation than a thing like Bitcoin. For Bitcoin, 7tps is not a deal breaker. It does not have to match VISA.

For Ethereum, 15 TPS is.

Developers will show the way this will be going. Watching 

[dieselmeister]

Now I am asking me on every larger dip, did try f2 to manipulate the market again? Why would someone sell Bitcoin now? We will see, when cryptoquant has new data.

[AlcoHoDL]

It would seem that the authorities are still learning about bitcoin's properties:

https://www.theverge.com/tldr/2021/2/5/22268646/german-police-bitcoin-digital-wallet-missing-password

Smart guy! I wouldn't give the police my password either, if my stash was worth millions and my sentence was doable (maybe a few years' jail time). And good luck to the police in "ensuring the man cannot access [his] largesse". Little do they know that his stash is just 24+1 words that he could have hidden anywhere (the +1 word is most likely only in his head anyway). It is a great demonstration of the infinite superiority of Bitcoin over physical stores of value like gold or silver which can he easily stolen or seized and cannot be easily hidden or the owner plausibly denying owning them.

This goes to show how important it is to have that extra word (the "passphrase") in addition to the 24 seed words, and keep it separate from the 24 words (ideally only in your head). In that way, the police (or whoever else) can know that you have corn, but cannot access it, and can even be fooled on the specific amount you own by unlocking a decoy wallet and thinking they got you, whereas in reality they only access what you want them to.

For a more detailed explanation of the above, see my article on Plausible Deniability.