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

[macson]

@StudoesAmerica
Remember the 2017 bitcoin bubble?

https://twitter.com/studoesamerica/status/1362483434678067200?s=21

https://trends.google.com/trends/explore?date=today%205-y&q=Bitcoin

don't know what happened to google trending, it seems Bitcoin is not as lively as 2017 when Bitcoin was first reported as a bubble (by a bunch of idiots)

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[El duderino_]

99 500 bitcoin millionaires

Millionaire addresses, amount of millionaires can be WaaaaaaaaaY lower

[JimboToronto]

Good afternoon Bitcoinland.

Bouncing along sideways... currently $52191USD/$66172CAD (Bitcoinaverage).

A nicer little breather in this lovely bull run. Coiling.

Go Bitcoin go.

This is to show that I'm not a (complete) curmudgeon and because it *is* kinda cool but I'm not a joiner so don't expect it to stick around for long 

Nice hat. Wear it with pride. You're not a joiner. You were conscripted.

-derp-

So we're in agreement then, you are a retard.

You just figured that out?

[Dabs]

By the way.. in the above chart, see the lil blip above the 2014?  That was the late 2013 bubble.

Oh my God, wasn't that when it went from $67 or so to $1000? It seems so small now...

Also: Were those Cassicus coins ever hacked or anything? They seemed neat, but I always wondered if a second copy of the keys weren't kept somewhere....

I think after the coins were printed and sealed, he destroyed any copies of private keys he had, thus no way to get hacked, and the only copy is on the coin itself which you had to peel off the sticker.

Newer coins today have some sort of similar method. Not sure if you can trust them, they also sell unfunded coins for collectible purposes.

If you were going with physical coins to actually be used for trading, I'd go with an Opendime. Cheap enough you can buy a bunch and you fund it yourself.

[bitcoinPsycho]

[Wekkel]

Holding BTC on a ‘1’ address is never wrong. ‘3’ is generally advised because it’s the most flexible. bc1 is the most advanced but not widely supported by exchanges.

[bitserve]

Holding BTC on a ‘1’ address is never wrong. ‘3’ is generally advised because it’s the most flexible. bc1 is the most advanced but not widely supported by exchanges.

What I do is:

1- Keep legacy coins where they are.
2- Send some good amount to a segwit address/wallet.
3- Routinely spend/tx (from 2 for lower fees) until it is depleted
4- Reload from legacy when needed. With different addresses of course.

So basically I consider there's no reason to move all legacy coins to segwit, but just enough to avoid the higher fees most of the time.

Obvious, yeah... but some people seem to be using it wrong or otherwise unjustifiable complaining about high fees.

YMMV.

[Arriemoller]

What rocket was it that put Perseverance on Mars?

[Dabs]

Holding BTC on a ‘1’ address is never wrong. ‘3’ is generally advised because it’s the most flexible. bc1 is the most advanced but not widely supported by exchanges.

1 = just old. there is no need for it. it costs more. it takes up more space.
3 = legacy compatible, wrapped segwit, will work everywhere.
bc1q = all exchanges will accept a deposit FROM this address, it's withdrawing TO one that may be an issue.

Most modern exchanges already support sending or withdrawing to a native segwit address.

https://en.bitcoin.it/wiki/Bech32_adoption#Exchanges

Bitstamp fully supports it. Coinbase send only. Gemini fully supports it. Binance supports it. Purse fully supports it. The General Bytes ATMs fully support it.
Shakepay, Newton, Bylls, Bitcoin Bull all support it.

All hardware wallets support it. Almost all block explorers can view it.


As long as it's your wallet, it's best to keep your coins in bc1q addresses because *you* pay less to send it, does not matter where you send it to.

Finally, if you want to play with Lightning, you'll need to use segwit anyway.

The "Loaded" guy that had 40k moved it from a legacy address to a native segwit one, where it currently sits now.

[lightfoot]

99 500 bitcoin millionaires

Millionaire addresses, amount of millionaires can be WaaaaaaaaaY lower

Also higher. Not everyone keeps all their coins in one address, usually people have a bunch of addresses in their wallet off a single base seed. Can this analysis link them?

[lightfoot]

so basically, i should move my sells to ~200k from instead of merely ~100k USD like now.

got it.

Well, yeah! You don't want to sell at the bottom, right?

[Richy_T]

It was one of many early innovations that was tried because we were all excited about making Bitcoin work. Back in the early days of bitcointalk there was so much activity around making Bitcoin awesome. Now it's just shilling. If you do a search for any useful information the search result is filled with 2011, 2012 posts.

There were certainly detractors but those were mainly based on the underlying economic principles of Bitcoin. Keynesians not liking deflationary currencies. They thought a currency should purposefully lose value over time. As a feature.

I did a quick search earlier and new quality ones were available for 1.02 BTC. Not enough to make me want to sell mine.

[rdbase]

At 64 with no kids and no nephews or nieces it is not so easy to hodl. But I will say your constant hodl hodl hodl has convince me to hodl longer time periods. Thus helping me to make more wealth.

I'm open for adoption dear, dearest, daddy Philip!
How is ETH doing today? DOGE anyone?
I'm getting increasingly fond of that spliffcoin.

Things are looking up. Literally!

Exactly. No trolls... I fear there will be a big correction soon.

Hey make up your mind bro!
The big correction is the red candle, hellooo:
https://bitcointalk.org/index.php?topic=178336.msg56362632#msg56362632

Spliffcoin is actually the new dogecoin.

https://youtu.be/GEAZrKxJ2Bc

Spiffcoin but what does it matter same hyping of a sh*tcoin just a different pile of sh*tcoin.

[d_eddie]

Arthur Hayes might be a crook, but he does write informative pieces.
Moving from GME and Robinhood to BTC (and Bitmex), Why and how? Part 1.

https://blog.bitmex.com/walkaway/?utm_source=cryptotraderdigest&utm_medium=email&utm_content=CTD

The interesting bits are in his account of what happened with WSB and Robinhood. He says he jumped on the GME wagon himself, though it might just be to get some sympathy. The self-promoting stuff is actually kept to a minimum.

[eddie13]

By the way.. in the above chart, see the lil blip above the 2014?  That was the late 2013 bubble.

Oh my God, wasn't that when it went from $67 or so to $1000? It seems so small now...

Also: Were those Cassicus coins ever hacked or anything? They seemed neat, but I always wondered if a second copy of the keys weren't kept somewhere....

He never came out and spent any of the coins.

It was found later that you could peel the sticker off with a bit of heat while keeping everything intact. That allowed you to see the private key and put the sticker back on.

So they're good for a keepsake but not good for transferring to someone else with the idea that you're the only one with the key.

And the government eventually cracked down him selling them so he could only sell the empty coins which you had to transfer your BTC onto them later.

It was one of many early innovations that was tried because we were all excited about making Bitcoin work. Back in the early days of bitcointalk there was so much activity around making Bitcoin awesome. Now it's just shilling. If you do a search for any useful information the search result is filled with 2011, 2012 posts.

There were certainly detractors but those were mainly based on the underlying economic principles of Bitcoin. Keynesians not liking deflationary currencies. They thought a currency should purposefully lose value over time. As a feature.

I don’t think it’s quite that easy to peel a cas without damaging the holo..
Show me this evidence..
Their are still huge cas coins out there unmoved..

I have one, and it’s unmoved..
I quite trust it..

I got it for around $800 and it’s worth over $25k now, lol
Have no plans to peel or sell it anytime soon..
Will probably keep it for atleast another halving cycle..

I got it as good cold storage and to make sure I wouldn’t spend it..
It’s worked like a charm..



Yeah the 2014 blip..
That’s what 2017 is gonna look like soon enough...
HODL

[cAPSLOCK]

@StudoesAmerica
Remember the 2017 bitcoin bubble?

https://twitter.com/studoesamerica/status/1362483434678067200?s=21

Actually I remember very clearly the 2014 one.  My family and I were camping on a crystal clear lake for Thanksgiving (a holiday in the country that I grew up in before it was destroyed) and my poor fam had to listen to me going on about how this would not be the end of what bitcoin did... for the whole time.  Of course bitcoin died shortly thereafter.

[eddie13]

@StudoesAmerica
Remember the 2017 bitcoin bubble?

https://twitter.com/studoesamerica/status/1362483434678067200?s=21

Actually I remember very clearly the 2014 one.  My family and I were camping on a crystal clear lake for Thanksgiving (a holiday in the country that I grew up in before it was destroyed) and my poor fam had to listen to me going on about how this would not be the end of what bitcoin did... for the whole time.  Of course bitcoin died shortly thereafter.

I first found out about crypto and got in like right above the 1 in 2014..
Saw the crash to under $200 live, and survived that great bear market thereafter..
Always believed soon after learning..

[smartcomet]

first picture from NASA's Perseverance Mars Rover

https://twitter.com/NASAPersevere/status/1362507436611956736

[Biodom]

They will surely missed it and they're the one who's been fooled. Who's next?

Motley and fools got separated, then reacquainted.

[d_eddie]

Motley and fools got separated, then reacquainted.

The Motley Fool really sound like a bunch of fools. Most of what they do is mentioning Buffett in their clickbait titles. Boring reading, with very little useful info. Now they saw the light about bitcoin. Oh, let's throw a party for them!

I liked the piece by Arthur Hayes I just linked a couple of posts above. There's always been little complacency in what he writes. Even less now that he got fucked by the government big time.