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

[El duderino_]

This really says it all. Don‘t know who did this. But it‘s brilliant.

https://twitter.com/jilnik/status/1363420139077705732?s=21

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[lightfoot]

I actually think bitcoin helps kill that narrative.

Who do we think is writing the news anyway?  It isn't democrats, republicans, brexiters, socialists, POC, fascists...  Umm well wait.  It IS pretty close to that alst one... but not quite.

Honest answer: It's people who want to make money. Currently the best way to make money in news is to post or print salacious crap that people can use to reinforce their existing beliefs and beat other people over the head endlessly. Since there is very little observable consequences for news-as-crap*, people can happily buy it up with no regrets.

Hell, even Facebook's shit-based AI figured this out, and spend most of 2020 happily stoking a race/religious/political war just to increase "engagement" and ad impressions because it works.

So although I like the Canadian musician bit, that needs something bigger of a hook. Can you possibly develop a psychosis that would interest the "common man"? Maybe promote sex with aliens or something.

*Lack of consequences does not mean no deaths, a lot of people are dying of Coronavirus. However they usually can't post about it and wind up gurgling away as they drown in their own bodily fluids on a respirator. Since they're gone, no one notices. Likewise with endless stimmy checks the economic impact of erronious decisions is muted as well.

[yefi]

If you have at least double the btc you need to attain your objective, why not earn 4.5% on your btc with half, or even 1/10th?

Because I'd rather not wake up to find half my stash has been goxxed?

[LFC_Bitcoin]

If you have at least double the btc you need to attain your objective, why not earn 4.5% on your btc with half, or even 1/10th?

Because I'd rather not wake up to find half my stash has been goxxed?

We seem to be getting a lot of tards in here lately, suggesting what a great idea it is to leave our coins on at best shady lending platforms that promise 4-5% interest annually on coins you leave with them.

I’d rather get punched in the crown jewels than let anybody else control my stash.

[Hueristic]

If you have at least double the btc you need to attain your objective, why not earn 4.5% on your btc with half, or even 1/10th?

Because I'd rather not wake up to find half my stash has been goxxed?

He has been shilling separating people from their keys for as long as I can remember.

You can use your BTC stash as collateral for a 5% interest rate personal loan - borrow $10,000 with $40,000 of BTC
Celsius.network

I've earned interest with them for a year now, a good business.

Not your keys, we've had this conversation. don't come crying here when...

[samson]

@MMCrypto
1 #BITCOIN  IS NOW WORTH MORE THAN 1 KG GOLD!
https://twitter.com/mmcrypto/status/1363467875692994560?s=21

Not if you include the completely ridiculous premium on gold rn.

And good luck even finding a kilo of gold in stock, anywhere.

I think it's perfectly fine to buy gold certificates with btc. Gold certificates are "as good as gold", amirite?
/s

Let's buy gold certificates with btc certificates. They send us paper gold, we send them a pretty email - a pdf file, even! - stating they own the btc. Of course, we keep the keys until we touch the yellow stuff. It's only fair.  

Sounds fair to me!

[HairyMaclairy]

If you have at least double the btc you need to attain your objective, why not earn 4.5% on your btc with half, or even 1/10th?

Because I'd rather not wake up to find half my stash has been goxxed?

Fucking A.  Not enough people remember Bitcoin Savings & Trust.

https://en.bitcoin.it/wiki/Bitcoin_Savings_%26_Trust

[LFC_Bitcoin]

https://twitter.com/excellion/status/1363596463696044033?s=21


@BTC_Archive
Banks are seeking advice on how to start accepting #Bitcoin  
- The Telegraph, London
https://twitter.com/btc_archive/status/1363610200960339970?s=21

[El duderino_]

https://twitter.com/zined87150109/status/1363446185202188300?s=21

Another Sunday,
Thinking before HODLsleep...
Dude  wants laser eyes.

 

[El duderino_]

https://twitter.com/ldidnotknowthat/status/1363370434545115138?s=21
^
This I truly didn’t knew, is it on or off topic?

[heslo]

https://twitter.com/ldidnotknowthat/status/1363370434545115138?s=21
^
This I truly didn’t knew, is it on or off topic?

226?!?! Surely not! 

[xhomerx10]

Cool hat stuff....

Hey man, can you make me a Fred Flintstone hat? After listening to that Bloomberg bit I'm yelling YABBA DABBA DOO!!! at every ATH......

 

[xhomerx10]

https://twitter.com/zined87150109/status/1363446185202188300?s=21

Another Sunday,
Thinking before HODLsleep...
Dude wants laser eyes.

 

  Is this what you had in mind?



avatar-sized

[BitcoinBunny]

This really says it all. Don‘t know who did this. But it‘s brilliant.

https://twitter.com/jilnik/status/1363420139077705732?s=21

That's great. Does explain BTC very quickly.

Watched "Sour Grapes" recently on Netflix about fake wine. BTC seems safer.

[El duderino_]

https://twitter.com/dergigi/status/1363594181386661892?s=21

[El duderino_]

https://twitter.com/maxkeiser/status/1363630231240790018?s=21
^
Awesome GIF<——-

Made me laugh just before entering HODLsleep

[marcus_of_augustus]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

I don't buy it, but hey whatever... there is a chance for anything to happen..

My overall thinkenings continue to be that bitcoin no doesn't work like dat... and I am not even trying to be stubbornly caught up in the already existing models, but there still seems to be more evidence to the currently credible three existing models rather than proposing some new model that may or may not end up playing out.

... at some point we will reach the end of cycles, unlikely to be this one but if it is it will be a mega rollercoaster pump to $800k+ then plateau and consolidation with bear market correction of no more than 30%, followed by years of continuous stable growth

... a steep S-curve adoption (hyperbitcoinisation) is still not off the table either but that would likely mean a catastrophic implosion of fiat system and total financial chaos with much economic destruction, better if this played out over a decade or two instead

... the mining of new coins (new supply) is still a material fraction of the total inflow and increases with increasing fiat price, but eventually (soon?) it will become insignificant as inflows outstrip new supply even as the price is increasing ... at which point the halving cycles will only be an echo

... already consuming ~0.5% of global energy production and increasing, it's likely that bitcoin may also run into material energy limits that the market is willing to afford for securing our bitcoin monetary system, or it may incentivise energy production globally in out-of-the-way places and new energy technologies, in the same way it now incentivises chip innovation and manufacturing

[marcus_of_augustus]

https://twitter.com/thepaulosophy/status/1363300890321424387

... 100,000 satoshi stare, stoned on orange pills

[JayJuanGee]

I can see gold becoming a useful cheap metal for making 100-200 year long batteries for Tesla's electric cars.

ford is going electric for a reason.  they all know those asteroids are loaded with insane amounts of gold.

Gold makes super long lasting batteries if it were to be worth 100 x less or 17 a pound vs 1700 a pound  we would have multi generational batteries.

Sell your gold and buy btc

Ford is switching to all electric 2030 for a reason they know Elon will be mining those asteroids bigly.

We are heading into a new world of cheap long lasting power.

BTC is the tool that will allow it to happen.

hodl hodl hodl.

500k before 2030

 We wont be driving cars in 100 years; we'll be teleporting... to Mars.
  

WE is a tad optimistic (although I wouldn't mind, really).

 We will be able to afford the latest in life-extension technology.

 Yes JJG, I've used the royal 'WE'

Just for mentioning me, you deserve a batslap.

Stop living in a fantasy, Homer.

The most you are going to get, perhaps, might be a few more months or maybe a year at best.

Snap out of it.




#nohomo

Even now, I'm still figuring out how to chill out further.

Some of us (royal us, of course) have noticed...


 

DROP.

Oh gawd...

lot of hopium in dat one.

[JayJuanGee]

These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k   Now I will rethink if I sell below $99k  

How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.

Fuck third-party custody, if you are considering or enticed by anything that involves that.

There are some concepts in bitcoin.. the real deal bitcoin, that incentives are built in, so bitcoin is already designed to increase in value.. .what the fuck more do you need, you greedy fucks (#nohomo) who may well be seriously considering placing your coins with some stupid-ass service trying to claim legitimacy and enticing you with supposed "passive income" .. blah blah blah..

Did I say, "fuck that?"  Don't be fucking trying to short-cut your BTC accumulation goals by thinking that you can "make money" using convoluted (surprise terms) contracts when if you accumulate adequately, then you will have way more options just living off the likely ongoing BTC price appreciation that has no real signs of stopping, even though it it is likely to continue to have up and down cycles along the way.. and you can take advantage of that in your long term planning and your refusal to take stupid-ass shortcuts that may well end up screwing you out of your coins by hook or by crook or just by bad luck (such as great price moves that liquidate you out of your supposed collateral that you were not able to adequately cover because you were to fucking busy gambling out of greed).

You will thank me later, even if you might not be able to measure what you are thanking me for, exactly...