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

[AlcoHoDL]

The storing of coins on third party platforms is too risky in my book.
Many of us here remember what happened at Mt.Gox and other shady platforms.
The model of obtaining interest on your BTC is unsustainable in a world where bitcoin has a finite supply.
Think about it, if everyone held all the coins in existence where are the new coins coming from to pay the interest?
The only way this works is if a form of fractional reserve lending takes place and then we are in the same boat we are scrambling to get out of.
Furthermore, these platforms go on to provide ammunition for shorters.
I think that there comes a point when people become too greedy. Why risk your precious BTC which is growing in value at an astronomical rate, for a measly single digit APR?

Exactly. This perfectly links to one of my earlier posts, in which I claimed that many "Bitcoin supporters" here in WO, and elsewhere, are fiat supporters in reality. They don't understand or care about the qualities of Bitcoin and its deeper purpose. All they really care about is milking it for fiat profit, by using the very tools and schemes (read fractional reserve lending) that Bitcoin is trying to kill (and it's winning). Greed is the main driving force in all this. It saddens me to see that many of the enemies of Bitcoin come from within its user base.

Not to worry though. Bitcoin has been designed to withstand such actions. Everyone is welcome to try anything. There are no restrictions. And everyone will face the consequences of their actions. It will be brutal.

+1 in Merit Queue.

[HairyMaclairy]

Not your keys, not your Bitcoin

[OutOfMemory]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

[Gyrsur]

The storing of coins on third party platforms is too risky in my book.
Many of us here remember what happened at Mt.Gox and other shady platforms.
The model of obtaining interest on your BTC is unsustainable in a world where bitcoin has a finite supply.
Think about it, if everyone held all the coins in existence where are the new coins coming from to pay the interest?
The only way this works is if a form of fractional reserve lending takes place and then we are in the same boat we are scrambling to get out of.
Furthermore, these platforms go on to provide ammunition for shorters.
I think that there comes a point when people become too greedy. Why risk your precious BTC which is growing in value at an astronomical rate, for a measly single digit APR?

this DeFi stuff will not age well. in my eyes it's DIY Goldman Sachs. few earn money big from the many which will pay for it.

please explain the Business Plan and let all the fancy technology stuff behind. and then we can decide if it is Scam or not. don't let the technology be your religion. for every solution there must be an issue in existence. otherwise you will fight an issue with the wrong solution.

[AlcoHoDL]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

[OutOfMemory]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

Yeah, i used to put straight orders like $54.500 (as originally planned), this is the first "funny order"  
Have i mentioned the Canon EOS-M already? You can convert all of the Canon EF/s and EF lenses to it, on the downside it has a small body, just more uncomfy to shoot for longer times. I'd like to see a polyurethane body kit on the market or some extra grip that enlargens the body of this thing. A steadycam grip would be too much, i guess. Maybe Novoflex offers some compromise?


Just saw that you want a full-frame   
Always choose the body by the lenses you (want to) have.

[Gyrsur]

are Laser Eyes the new Grillz?  

[AlcoHoDL]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

Have i mentioned the Canon EOS-M already? You can convert all of the Canon EF/s and EF lenses to it, on the downside it has a small body, just more uncomfy to shoot for longer times. I'd like to see a polyurethane body kit on the market or some extra grip that enlargens the body of this thing. A steadycam grip would be too much, i guess. Maybe Novoflex offers some compromise?

Good advice, thanks. I'm a Canon guy. Very old, but fully working body (20D) and a few lenses. Will check out the EOS-M. Had the feeling that Canon somehow started lagging behind other brands in recent years, but haven't been following the very latest models. Hopefully it has caught up.

Edit:

Just saw that you want a full-frame    

Not necessarily. I will consider both APS-C and full-frame. There are some fine APS-C cameras out there. I'm liking the Fujifilm X-T4.

[OutOfMemory]

are Laser Eyes the new Grillz?  

Yefff!
Why don't you have fome already?
(mine are still in the server-side cache)

[tertius993]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

Yeah, i used to put straight orders like $54.500 (as originally planned), this is the first "funny order"  
Have i mentioned the Canon EOS-M already? You can convert all of the Canon EF/s and EF lenses to it, on the downside it has a small body, just more uncomfy to shoot for longer times. I'd like to see a polyurethane body kit on the market or some extra grip that enlargens the body of this thing. A steadycam grip would be too much, i guess. Maybe Novoflex offers some compromise?

Unless you already have some lenses, I would recommend looking at the Fuji X series - fabulous camera bodies and their glass is exceptional.  The X-TNN series bodies are a bit smaller and cheaper than the X-TN series but very nearly as capable.  If you go current gen-1 you'll be able to get a body at a great price.

Edited to add : I see from your other post you are a Canon user - depending on what lenses you have it may be worth looking at the Canon options, however, I moved from Canon to Fuji, selling all my Canon kit (including L lenses) and haven't looked back.   Much, much prefer the Fuji system.

Would certainly think carefully before going full frame - if you mainly want to shoot studio/portrait stuff then yes, but otherwise APS-C is probably more versatile and useful.  

[OutOfMemory]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

Have i mentioned the Canon EOS-M already? You can convert all of the Canon EF/s and EF lenses to it, on the downside it has a small body, just more uncomfy to shoot for longer times. I'd like to see a polyurethane body kit on the market or some extra grip that enlargens the body of this thing. A steadycam grip would be too much, i guess. Maybe Novoflex offers some compromise?

Good advice, thanks. I'm a Canon guy. Very old, but fully working body (20D) and a few lenses. Will check out the EOS-M. Had the feeling that Canon somehow started lagging behind other brands in recent years, but haven't been following the very latest models. Hopefully it has caught up.

Yeah, me too. I already updated my post, the EOS-M is a cropped APS/C, not full frame. I have to look at the market as well, my last buy was the 7D, working for 10 years with only a minor flaw. A screw came loose and shorted the battery. Drained in a minute, Error 99 and so on. Easy repair, did it myself.

[AlcoHoDL]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

Yeah, i used to put straight orders like $54.500 (as originally planned), this is the first "funny order"  
Have i mentioned the Canon EOS-M already? You can convert all of the Canon EF/s and EF lenses to it, on the downside it has a small body, just more uncomfy to shoot for longer times. I'd like to see a polyurethane body kit on the market or some extra grip that enlargens the body of this thing. A steadycam grip would be too much, i guess. Maybe Novoflex offers some compromise?

Unless you already have some lenses, I would recommend looking at the Fuji X series - fabulous camera bodies and their glass is exceptional.  The X-TNN series bodies are a bit smaller and cheaper than the X-TN series but very nearly as capable.  If you go current gen-1 you'll be able to get a body at a great price.

Edited to add : I see from your other post you are a Canon user - depending on what lenses you have it may be worth looking at the Canon options, however, I moved from Canon to Fuji, selling all my Canon kit (including L lenses) and haven't looked back.   Much, much prefer the Fuji system.

Would certainly think carefully before going full frame - if you mainly want to shoot studio/portrait stuff then yes, but otherwise APS-C is probably more versatile and useful.  

I really like the Fujifilm X-T4. After my COVID-19 illness/recovery, I pledged to buy it, but I haven't (yet). Bitcoin's rise has kept me waiting. Will do something when we exceed $100k. Life's for living, right?

[OutOfMemory]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

I like the .321 part (also couples nicely with the 54). I used to put orders like this back in 2016. You could spot them easily in the order tables. I even used .314 and other important numbers like that.

No more orders for me now. In 100% HoDL mode, and soon (possible when we exceed $100k) switching to "dream-fulfillment" mode. One dream at a time. One of the first dreams will be a good mirrorless APS-C/full-frame camera and a couple of good lenses.

Yeah, i used to put straight orders like $54.500 (as originally planned), this is the first "funny order" 
Have i mentioned the Canon EOS-M already? You can convert all of the Canon EF/s and EF lenses to it, on the downside it has a small body, just more uncomfy to shoot for longer times. I'd like to see a polyurethane body kit on the market or some extra grip that enlargens the body of this thing. A steadycam grip would be too much, i guess. Maybe Novoflex offers some compromise?

Unless you already have some lenses, I would recommend looking at the Fuji X series - fabulous camera bodies and their glass is exceptional.  The X-TNN series bodies are a bit smaller and cheaper than the X-TN series but very nearly as capable.  If you go current gen-1 you'll be able to get a body at a great price.

Would certainly think carefully before going full frame - if you mainly want to shoot studio/portrait stuff then yes, but otherwise APS-C is probably more versatile and useful.  

Fuji got a little off scope, since sony, panasonic and the likes went into the DSLR market.
For APS-C it's also a matter of sharpness. You want sharper RAW (and Jpeg), you want less pixel density. Most Sensors are just too pumped and use heavy software sharpening. 6MP at APS-C format seemed to be the cutoff point to me, above 10MP the pix got considerably less crispy. In that case you want a less-Megapixel full-frame, but one has to be aware he can only mount full frame lenses on it (which are heavier, more expensive but also more sturdy). I am using some EF full frame lenses on my cropped 7D. They also have higher quality glass. It's the weakest link in the chain that sets the image quality. Just try a 1980's canon lens on a new body. Looks like fog on the sensor.

[OutOfMemory]

I really like the Fujifilm X-T4. After my COVID-19 illness/recovery, I pledged to buy it, but I haven't (yet). Bitcoin's rise has kept me waiting. Will do something when we exceed $100k. Life's for living, right?

You don't do nothing wrong with a Fuji.
Grab it while you're young  

It's ok to have more than one system. I had nikon and canon, along with sony for some time.

EDIT: Funny order $54321 got filled. Number can now go up again 

[heslo]

Looks like we're headed down for a bit

[OutOfMemory]

Looks like we're headed down for a bit

Looking at my drawings and lines, it looks like a legit little correction to me.

EDIT: Meaning we should go up again now.

EDIT2: What if bull market 2021 is more or less only up and sideways from now on? Did we have such a bull run before? I mean because honey badger is gonna doing things a little different than in the past, as usual.

[dieselmeister]

btw ... we all know it, Bitcoin is dead ... 8% down ... this is the end ... again ... XD

[ivomm]

I voted 60K for today. Still possible 

[OutOfMemory]

btw ... we all know it, Bitcoin is dead ... 8% down ... this is the end ... again ... XD

WO's still having fun when staying poor  

I voted 60K for today. Still possible 

Feb 23.

Missed it last time for a few hours. But this time, this time.... 

[dieselmeister]

@OutOfMemory

like your laser avatar