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

[600watt]

I made the mistake of asking @APompliano  what happens  when the U.S decides to print $1.9 trillion....

...And I learned that the Federal Reserve is just one giant Miami nightclub.

https://twitter.com/polina_marinova/status/1360007205114765316?s=20

lol

when clicking on the link i also saw this:

Tyler Winklevoss
@tyler
Dear #Bitcoin  short-sellers,

Have fun getting rekt!

-Tyler
6:33 pm. · 11. Feb. 2021·Twitter for iPhone

i mean i agree, but for the owner of a crypto-exchange... this is a rather bold statement, isn´t it? 

[1714144704]

1714144704

[1714144704]

1714144704

[Paashaas]

... and we are only at the very, very, VERY VERY beginning of it

I would love riding Bitcoin to mainstream together.

[600watt]

OK... I gotta say something... Listening to a podcast and just heard the guest say:

You are taking territory on the bitcoin blockchain like you are getting a piece of ultra scarce real estate.  It's like buying Manhattan real estate in 1776.

I have always felt like owning bitcoin was basically a land grab.  So yeah... I love that part of the analogy.

But here is where he is still thinking too small:  New York is just the greatest city in what (30 years ago was) is the greatest country on Earth.  And yeah, that sounds  pretty awesome but it does NOT EVEN COME CLOSE to what Bitcoin is. 

That sort of opportunity came many times before the USA existed...  You could buy parts of downtown Paris in the 15th century.  Or London or Tokyo etc...  But wait?  You could not live in Paris from 1437 to today so what good would it do you?  Well some, I guess.  But by now your descendants would have snorted it up their noses.  Same with 1776 and NYC.  Lotta good owning that will do you in 2021.  I mean I am all for the long time preference.  But shit.  I want my great-great grandchildren to be well off.. but I also want a house in Hawaii before *I* die too.

Bitcoin is not limited to a single country.  And it is not just a city in the making.  It is THE new value NETWORK for the ENTIRE FUCKING GLOBE.  It is buying real estate in ALL the big modern cities AND all the town squares in every little village, town, hamlet, and shire AT THE SAME TIME. 

This kind of change in human history has happened EXACTLY ZERO times. There is nothing to compare it to.

And it is technology. So, it happens at the speed of light. Not only can you complete the purchase instantly... but the appreciation is going to happen at a pace the WORLD HAS NEVER SEEN BEFORE.

... and we are only at the very, very, VERY VERY beginning of it.

I know there are many folks here... Some have  thousands of Bitcoin, even tens of thousands.  Some have hundreds... Some tens.  And some still, are struggling to get to one whole corn.

Guess what?

It doesn't fucking matter. 

IF you are here.  AND you own bitcoin... Speaking from outside the bounds of immediate time.

YOU. ARE. ALREADY. RICH. AS. FUCK.

Buying Manhattan land in 1776.  Lol.  Bush league.

good to see that i am not the only one having a hard time to cope with the epic&sheer magnificence of tectonic wealth shift of unprecedented magnitude.

i listened to the same podcast.

the bitcoin network consists not only of connected nodes and miners and wallets. the folks operating this stuff are also connected via social media, via forums, some even meet in rl. we not only have an ongoing cooperation between silicon valley billionaires, early adopting nerds, chinese miners, regular sat stackers from around the globe, sharp podcasters on every continent, ex silk road pundits, south american refugees of inflation, hobby miners in rural europe, nerds of all ages, wall street investors, retail investors, (etc, etc, etc, etc, etc & etc) - we have a strong and vibrant vocal network of individuals harvesting gains of unprecedented proportions, that are all taking up the hard work of singing the bitcoin gospel.


this is a strong network. the first digital global money network.


man, i need to sell chairs and stack more sats.

[AlcoHoDL]

... and we are only at the very, very, VERY VERY beginning of it

I would love riding Bitcoin to mainstream together.

"We are here" alright, except the graph always rises, there's no peak and subsequent fall... Maybe take the integral of this, or something... and, can you imagine how much fiat the last 3 groups will have to pay to join in? This is a once-in-a-lifetime opportunity that few understand and fewer will take...

As for the Pompliano tweet, it reminded me of that brrrrr video:

https://youtu.be/GI7sBsBHdCk

[JayJuanGee]

It sucks that all the money seems to still flow into alts. Look at Binance coin. Yesterday I thought it will crash after that pump. Today it gained another 50%. I feel like everybody is getting rich while I wait for bitcoin to make 5% lol.

I know shitcoins and all but damn ı wish I would have bought some when they were cheap. So had lots of money now to buy more bitcoin.

You are pathetic, UnDerDoG81.

It's like you have not learned anything about bitcoin in more than 7 years.

Lot's of shitcoiners and nocoiners have gotten distracted by the same bullshit and enticed into gambling on supposed gains of various shitcoins rather than having a solid bitcoin plan.. and if you have a solid bitcoin plan, you don't have to worry if it goes up another 5% or not.. because you should already be in solid profits.

Focus, UnDerDoG81.


Focus ur lil selfie.  

You trust Michael Saylor and think he is honest in his opinion? -> https://www.youtube.com/watch?v=4oO8VlNFv7Y

Or does he talk people and investors into Bitcoin, maximizes his profits and gets out on the top of the cycle?

Oh gawd....   Another example of your level of dumb, UnDerDoG81.


 

[Phil_S]

There are at least 3 german tech sites where people in the comments hate Bitcoin. Computerbase, Golem and Heise. Look for example in the comments of the news about the blackout in Iran. I really don't get how people on technology news sites can have so much hate against a technology, that they don't even understand.

Hacker News is the major Silicon Valley comment platform, and they're also pretty sceptical about bitcoin:
https://news.ycombinator.com/

[Phil_S]

This Rubini guy is a professor, right? It just defies belief that he is frantically asking like a madman "What's the purpose of Bitcoin? Where does it help us?"... It's just mind boggling. Hasn't he even bothered to read the books by Antonopoulos and Ammous? I would understand if it was my grandma saying this nonsense, but him? A university professor and economist? Man, this is some crazy shit.

Economists are people too.

I mean, Paul Krugman even got a Nobel Prize in Economics and yet... said some pretty stupid shit.

[JayJuanGee]

Hey Biodom.. I am rich as fuck...The kind of problems that I am having is a matter of getting richer way faster than expected, which in many senses is described as a problem, but not exactly a bad problem to have, right?  

That's good to know, congrats.

That said, I think that this board might need wealth consultants soon to explain how to behave upon acquiring significant means in a relatively short time, but only AFTER optional significant cashing out.
Before that your proverbial ass belongs to bitcoin and to "slings and arrows of the outrageous fortune".

Your comment seems like a bit of an exaggeration to me, Biodom.  I have a whole hell of a lot more agency than you seem to be implying, and that agency comes with having a lot of profits.  Profits brings options, even if they might ONLY seem to be on paper.  In other words, I can make BIG ASS cashenings out if I want to at any time, there is liquidity for that and there are also several cashening out options, but I see no need to change what I am already doing and what I have been doing, which has been very very good to me (at least so far).  


By the way, are we expecting BTC prices to go below the 208-week moving average any time soon?  Currently, as I type this post, the 208-week moving average is at about $8,800 and it is moving up more than $100 per week.  I can surely live with that, and I feel that I can cash out any portion of BTC that I would like - and surely preferring that the BTC price is above the 208-week moving average, but I am also NOT limited by that either.  Options, Biodom, options.   Have you heard about such a thingie?

[bitebits]

Miami wants your bitcoins:

https://twitter.com/FrancisSuarez/status/1360069847971954690

[Searing]

This Rubini guy is a professor, right? It just defies belief that he is frantically asking like a madman "What's the purpose of Bitcoin? Where does it help us?"... It's just mind boggling. Hasn't he even bothered to read the books by Antonopoulos and Ammous? I would understand if it was my grandma saying this nonsense, but him? A university professor and economist? Man, this is some crazy shit.

Economists are people too.

I mean, Paul Krugman even got a Nobel Prize in Economics and yet... said some pretty stupid shit.

The problem folks like Paul Krugman and others have with Bitcoin..is that it is based 100% on faith in the system/blockchain of Bitcoin..ie the mechanism...

the strength of Bitcoin and why it is the disruptor of their conventional thinking has done so well and quite frankly weirds them out is that ..again...the success

of Bitcoin is it is based 100% on faith. They can't see humans as having anything 100% faith in without failure...but all great things start with 100% faith

from love to democracy to walking on the moon. The trick is to have the 'faith' last until it is common and accepted as the next step...from faith to truth.

Tis' damn hard to 'stop' or 'spin' faith ..especially in a decentralized and trustless manner....this is the basis of democracy itself...

so it is both...decentralization plus faith in the process is more a movement than an 'economic' engine...they will never get their head around this.

This is confusing as hell to me...so it must really be driving folks like Paul Krugman nuts.....but then again....faith in any decentralized idea be it democracy

or bitcoin..is always the outlier...till it ain't...

They better get used to it however....it is how Bitcoin rolls...

brad

[JayJuanGee]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

80x?

[DaRude]

Miami wants your bitcoins:

https://twitter.com/FrancisSuarez/status/1360069847971954690

so this what "it's happening" looks like

[600watt]

It sucks that all the money seems to still flow into alts. Look at Binance coin. Yesterday I thought it will crash after that pump. Today it gained another 50%. I feel like everybody is getting rich while I wait for bitcoin to make 5% lol.

I know shitcoins and all but damn ı wish I would have bought some when they were cheap. So had lots of money now to buy more bitcoin.

You are pathetic, UnDerDoG81.

UnDerDoG waiting for Bitcoin to behave like an altcoin while altcoins do their thing:

muahaha muahaha, very nice.

regarding underdog81: you know coinamarketcap exists for a reason. you know binance, the greatest shitcoin exchange of the planet owns it. for a reason.  this manipulated to the max, illiquid "asset" pump&dump scam casino is every bitcoiners test of faith and intelligence test. those percentage gains tease you? of course they do. that is why this row "%-gain" was designed for. i went trough times staring at those % gains, in disbelief, in envy, in anger... we all go through this.

if you cannot come up with a mental and emotional strategy to push this made up bullshit back you will keep suffering and you will give up and sell the best asset of a millennia for some made up airline mile bullshit.

either grow up or give it up and dive into this mess. buy your "binance-token" and get rekt.

cmc has ruined more retailers than the dotcom bubble. it is a temptation on steroids.

but i am glad it exists.

it weeds out moronsweak hands.

go for it underdog, and let us know how it is working for you from time to time.



i dont trust binance for a single pixel on the cmc screen.

[600watt]

This Rubini guy is a professor, right? It just defies belief that he is frantically asking like a madman "What's the purpose of Bitcoin? Where does it help us?"... It's just mind boggling. Hasn't he even bothered to read the books by Antonopoulos and Ammous? I would understand if it was my grandma saying this nonsense, but him? A university professor and economist? Man, this is some crazy shit.

Economists are people too.

I mean, Paul Krugman even got a Nobel Prize in Economics and yet... said some pretty stupid shit.

The problem folks like Paul Krugman and others have with Bitcoin..is that it is based 100% on faith in the system/blockchain of Bitcoin..ie the mechanism...

the strength of Bitcoin and why it is the disruptor of their conventional thinking has done so well and quite frankly weirds them out is that ..again...the success

of Bitcoin is it is based 100% on faith. They can't see humans as having anything 100% faith in without failure...but all great things start with 100% faith

from love to democracy to walking on the moon. The trick is to have the 'faith' last until it is common and accepted as the next step...from faith to truth.

Tis' damn hard to 'stop' or 'spin' faith ..especially in a decentralized and trustless manner....this is the basis of democracy itself...

so it is both...decentralization plus faith in the process is more a movement than an 'economic' engine...they will never get their head around this.

This is confusing as hell to me...so it must really be driving folks like Paul Krugman nuts.....but then again....faith in any decentralized idea be it democracy

or bitcoin..is always the outlier...till it ain't...

They better get used to it however....it is how Bitcoin rolls...

brad

good post, will merit soon. keep up the good work.

[Phil_S]

https://apnews.com/article/legislature-legislation-local-governments-nevada-economy-2fa79128a7bf41073c1e9102e8a0e5f0

[El duderino_]

North American ETF approved ?

https://twitter.com/TheMoonCarl/status/1360131898450804736?s=20

[savetherainforest]

You should be ignoring Twitter entirely. It only decreases your IQ.

That is so true...... But I do have to check that mofo's tweets from time to time to know when I need to dump millions of his precious coin.
I rly don't like that I have to use market manipulation to counter market manipulation.


*edit():  If only the 'Musk' idiot would know to buy only the dips. He wouldn't create such instability.      

[Arriemoller]

You should be ignoring Twitter entirely. It only decreases your IQ.

Exactly.

Same can be said for Instagram, Facebook, Reddit, Youtube, etc.

I disagree on Youtube and other video platforms.
There are some really good tutorials on them.
I for example learned how to do coloured smoke flares (melt crayons and ad to the mix).

[dieselmeister]

a little OT: Do you think the crypto ban in india will effect the price or is it already in the price (so no effect at all)?

[degxtra1]

a little OT: Do you think the crypto ban in india will effect the price or is it already in the price (so no effect at all)?

How do they want to execute this ban?
So.. don't worry about it