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

[OutOfMemory]

Some news and data on f2pool dumping and how the market manipulation could go on forever:

https://www.youtube.com/watch?v=4BCGruDFPyU

Only BTC900 are mined daily, he's showing f2pool's mining market share is 16.4%, that puts them at BTC147.6/day. Moving BTC40k in one day means they're moving 271days worth of their mining. Now explain the maths on how it could go on forever? Not even going into how moving coins != selling

Easy. They have (according to their co-founder as named in the video) 1mil BTC reserve. They can use this to dump at higher prices (on pumps, sells set at certain level) and buy back at lower prices through short futures/options (resulting in more bitcoin in their wallets). Rinse and repeat. As explained in the video (and the preceding one on that topic from the same content creator).
 

Again, at BTC147.6/day they'd need 18.5years to accumulate BTC1MM without selling a single satoshi to fund their operations. Even if we pretend that they have a time machine, eyeballing the charts looks like they already transferred out about BTC90k so even then they could only do it 11more times before they're bone dry and can only supply BTC147/day for next 3 yrs after which it'll become BTC73.5/day then in 4 yrs after that just BTC36.75/day ... it's maths

Dude talked about reserves, not supply. As supply was higher before past halvenings, and you consider f2pool could have pulled off some accumulation games in the past as well, then they would really have be able to hold 1M BTC in reserve. At the current price, a little part of such reserve would pay their current mining operations easily, and as we know f2pool was amongst the top expanding mining companies. So they must have had a financial edge, or they would have went broke already, from my understanding.

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[julian071]

Paranoid fear mongering.

More often than not I disagree with what you have to say.

Unfortunately  This post of yours may be fairly accurate.

Nah MoA is leaving out that once the virus gets under control (to a certain extent), there will be far less mutations because it will live in far fewer hosts. This will, however, take for the rich countries to also provide vaccines to the poorer countries, or this will take much longer then necessary.

So, it may take longer then one year but it certainly won't turn out to be this silly scenario of an endless cycle.

[BobLawblaw]

More polkka:

IMO, this is best version.

https://www.youtube.com/watch?v=CAyWN9ba9J8

The Kiffness - Ievan Polkka ft. Bilal Göregen (Club Remix) [Official Video]

[OutOfMemory]

Paranoid fear mongering.

More often than not I disagree with what you have to say.

Unfortunately  This post of yours may be fairly accurate.

Nah MoA is leaving out that once the virus gets under control (to a certain extent), there will be far less mutations because it will live in far fewer hosts. This will, however, take for the rich countries to also provide vaccines to the poorer countries, or this will take much longer then necessary.

So, it may take longer then one year but it certainly won't turn out to be this silly scenario of an endless cycle.

It would likely take the route of the spanish flu. It's much less harmful mutations are still one of the common viruses nowadays, afair from a recent coverage on the radio.

[AlcoHoDL]

LFC Bitcoin Price Indicator^TM: $246^* (392% gain)

Onwards & upwards.

HoDL.

* Explanation.

[Biodom]

Can we agree instead of mentioning shitcoin speculating/mining in WO to accumulate more BTC to just say

"bought BTC"

to replace

"converted shitcoin X to BTC"

and the likes?

Because $ and € (and co.) are shitcoins as well, right?
And it's called "buying BTC" then, right?

For me, if i ever hold some shitcoin and convert it to Bitcoin, i will only write "bought more BTC", "bought this dip" or whatever in here.
It's basically the same as converting fiat to BTC, isn't it?
Would just tidy up this thread a bit more while shillers are kindly asked to GTFO, as usual.

Of course this thread initiated in regards to watching dollar btc walls.. but sure, there has been some evolutions over the years including greater appreciation that the dollar is a shitcoin.. but it is still a standard upon which we measure BTC value.. even though there have been other means of measuring BTC's value proposed through the years.

I surely do not believe in the bullshit assertions that all value needs to be held in bitcoin, even though such practices might work for some people.. most people need some kind of balance of value to be maintained in one kind of fiat or another, just to accommodate the ongoing living (and even luxury) expenses that they are paying in such fiat.. whether daily, weekly, monthly or some other period in which some of their various living expenses arise.

Or maybe, your opinion above is an erroneous assertion.
In a hypothetical scenario of a large purchase vs annoying DCAing I know which one comes ahead. Fact.
Borrow against and you don't have to sell. You don't have to sell the best asset for the worse, unless you can think of a better investment.

[Hueristic]

Huuuge pump out of nowhere and then super low volume again. Lets see when this drops sub 40k again... I think within 12 hours bears will dump it down again.

50k this week... by Friday and thats being bearish

Fingers crossed. But with such incredible news we should be at 100k already lol.

Some news and data on f2pool dumping and how the market manipulation could go on forever:

https://www.youtube.com/watch?v=4BCGruDFPyU

This is a great vid, thx!

[d_eddie]

I also have too much time on my hand so I looked into the Levan Polkka.
It's a Finnish polka about a girl who goes out partying against her parent's will.

https://www.youtube.com/watch?v=7yh9i0PAjck

It then apparently somehow made it to Japan

https://www.youtube.com/watch?v=TU4wnVrZXo4

And was then picked up by a Turkish blind drummer sitting on a bench drumming, and that then got a life of it's own, resulting in the video we all love.

https://www.youtube.com/watch?v=CAyWN9ba9J8

there is also tropical/eastern european techo-Levan Polkka:
https://www.youtube.com/watch?v=Utud81Xc-fA

and a farmer version (old):
https://www.youtube.com/watch?v=L8fW2n_ma9Y

some WO's are trying to counterfeit it. 

https://youtu.be/0eVauFwBS4g

This doesn't look like a live recording though: it must be staged. Listen to the (effective!) stereo placement of the voices. It can't be achieved by a single microphone, much less if it's single diaphragm. This was recorded with individual mics.

[DaRude]

Some news and data on f2pool dumping and how the market manipulation could go on forever:

https://www.youtube.com/watch?v=4BCGruDFPyU

Only BTC900 are mined daily, he's showing f2pool's mining market share is 16.4%, that puts them at BTC147.6/day. Moving BTC40k in one day means they're moving 271days worth of their mining. Now explain the maths on how it could go on forever? Not even going into how moving coins != selling

Easy. They have (according to their co-founder as named in the video) 1mil BTC reserve. They can use this to dump at higher prices (on pumps, sells set at certain level) and buy back at lower prices through short futures/options (resulting in more bitcoin in their wallets). Rinse and repeat. As explained in the video (and the preceding one on that topic from the same content creator).
 

Again, at BTC147.6/day they'd need 18.5years to accumulate BTC1MM without selling a single satoshi to fund their operations. Even if we pretend that they have a time machine, eyeballing the charts looks like they already transferred out about BTC90k so even then they could only do it 11more times before they're bone dry and can only supply BTC147/day for next 3 yrs after which it'll become BTC73.5/day then in 4 yrs after that just BTC36.75/day ... it's maths

Dude talked about reserves, not supply. As supply was higher before past halvenings, and you consider f2pool could have pulled off some accumulation games in the past as well, then they would really have be able to hold 1M BTC in reserve. At the current price, a little part of such reserve would pay their current mining operations easily, and as we know f2pool was amongst the top expanding mining companies. So they must have had a financial edge, or they would have went broke already, from my understanding.

Edited my post. They're a pool so they also pay out their miners, as far as possibility they could have BTC1MM BTC910k just as i could be stricken be the lightning right now, the chances of that happening are minimal though.

[Hueristic]

See? I knew Elon would deliver.

Once more, the patient are rewarded.

Where TF is mindrust?

Dropping his voodoo on Monero. Lol

[serveria.com]

See? I knew Elon would deliver.

Once more, the patient are rewarded.

Where TF is mindrust?

Dropping his voodoo on Monero. Lol

We need the latest data on the mindrust indicator... LFC_Bitcoin?  

P.S. But I reckon the value of his liquidated stash is approaching half a million? 

[OutOfMemory]

Some news and data on f2pool dumping and how the market manipulation could go on forever:

https://www.youtube.com/watch?v=4BCGruDFPyU

Only BTC900 are mined daily, he's showing f2pool's mining market share is 16.4%, that puts them at BTC147.6/day. Moving BTC40k in one day means they're moving 271days worth of their mining. Now explain the maths on how it could go on forever? Not even going into how moving coins != selling

Easy. They have (according to their co-founder as named in the video) 1mil BTC reserve. They can use this to dump at higher prices (on pumps, sells set at certain level) and buy back at lower prices through short futures/options (resulting in more bitcoin in their wallets). Rinse and repeat. As explained in the video (and the preceding one on that topic from the same content creator).
 

Again, at BTC147.6/day they'd need 18.5years to accumulate BTC1MM without selling a single satoshi to fund their operations. Even if we pretend that they have a time machine, eyeballing the charts looks like they already transferred out about BTC90k so even then they could only do it 11more times before they're bone dry and can only supply BTC147/day for next 3 yrs after which it'll become BTC73.5/day then in 4 yrs after that just BTC36.75/day ... it's maths

Dude talked about reserves, not supply. As supply was higher before past halvenings, and you consider f2pool could have pulled off some accumulation games in the past as well, then they would really have be able to hold 1M BTC in reserve. At the current price, a little part of such reserve would pay their current mining operations easily, and as we know f2pool was amongst the top expanding mining companies. So they must have had a financial edge, or they would have went broke already, from my understanding.

Edited my post. They're a pool so they also pay out their miners, as far as possibility they could have BTC1MM BTC910k just as i could be stricken be the lightning right now, the chances of that happening are minimal though.

Fair point. We need more data and correlate out of it what's likely going on.
Side note on minimal chances:
As a former regular poker player, probability has probably taught me one of the biggest lessons in life  
When you get beat by a hand with >90% chance of losing after the flop, for example.

This is a great vid, thx!

IIRC, (l33t) underdog pointed me to the first one, of which this is a follow-up.

[Gyrsur]

1 BTC ≈ 24 oz Gold

[serveria.com]

$45k incoming... nobody gives a damn... 

[Icygreen]

for those of you hoping sars-cov2 is going to go away there is some possible bad news ahead. Vaccines might be only 10% effective against the new strains, that seem to 'evolve' on a timeline curiously just out of reach for vaccine development

it is possible the new vaccine variant rollouts every 9 months will make big pharma stupendous profits for 5-10 years at least, ( they found over 2k bat coronaviruses in the cave in Yunnan for future reference, and can dial in any old spike protein you like in the Wuhan lab of virology, and who really knows what Mother nature will throw up when you open that Pandora's Box and let it run wild in humanity for a decade??)

and in case the plagues are not depressing enough for you here's something to sober you up properly.

the historical schedule with a progression of plagues, civil unrest, political extremism, monetary upheaval, currency wars, trade wars and finally hot war has escalated to the product hoarding and blockade stage (china has now raided the grain markets and ceased semi-conductor exports).... hot wars are a very real possibility in the near future " when goods stop crossing borders armies start crossing borders"

And remember, a patient cured is a customer lost. ~big pharma
Quick!

[OutOfMemory]

$45k incoming... nobody gives a damn... 

Yawn
Wake me up at $50k 

[lightfoot]

So you think it's just trolling?

Yeah, I mean think about it: F2Pool is also an open pool, not a single mining entity, correct? If so they have to divide those coins among the various people. They don't pocket all of the coins made, that's the whole point of a mining pool (unless it's a serious scam). So while the pool may have mined a million coins that doesn't mean the owners of the pool have a single satoshi (well maybe pool fees, but a 1% fee would be 10k coins tops over that time period).

Unless they control 100% of the miners they mine on that pool they ain't got it all.

PS: FPool has a 4% mining feel. Why the fuck anyone would mine there is beyond me unless it's straight PPS and even that would suck.

[BobLawblaw]

Wake me up at $50k 

Decided I'm not making a principled sell @ $50k USD/BTC. Going to wait until we actually decide to start building on the land, at which point, BTC should be way higher than $50k USD/BTC.

In theory, anyway.

[marcus_of_augustus]

So how soon until Amazon (Bezos) counters Musk and adds and/or buys bitcoin ? I heard Bezos is a bit of a copy cat

... it won't be just Bezos; Amazon, Alphabet(google), Apple and Microsoft at least have to counter now, the bloody, fresh kill has been thrown into the biggest shark tank on the planet

... "...digital assets are currently considered indefinite-lived intangible assets under applicable accounting rules, meaning that any decrease in their fair values below our carrying values for such assets at any time subsequent to their acquisition will require us to recognize impairment charges, whereas we may make no upward revisions for any market price increases until a sale, which may adversely affect our operating results in any period in which such impairment occurs...."

read those words carefully, every CFO now has a legal competitive advantage incentive to hodl btc on the balance sheet, unless and until btc is no longer an unregulated, highly volatile, decentralised asset that may disappear overnight or becomes subject to GAAP rules ...

[friends1980]

I've been hoping and dreaming of BTC becoming a real weapon against banks, governments and corporations, since the first day I've heard about crypto, even before I could afford to invest.

However, lately I was losing hope since all these corps weren't using BTC as an alternative form of money but simply as a vehicle to make more dollars.

Today is actually the very first time I'm starting to believe my hopes could come true. I'd honestly never have thought Elon Musk would be the catalyst, but so be it.

Once the pump euphoria was gone this afternoon, I felt like I was walking around in a dream, still am. I haven't felt like this in a very long time, maybe ever.

Damn.