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

[somac.]

@Mishacrypto_com
#Bitcoin  ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21



Know what I’m sayin’

I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year.

[1714718179]

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[AlcoHoDL]

@Mishacrypto_com
#Bitcoin  ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21



Know what I’m sayin’

I would put 2021-2022 on the left graph, but yes, I know what you're sayin'...

[Karartma1]

McDonalds getting some applications overflow right now.

[Parazyd]

McDonalds getting some applications overflow right now.

[BitcoinBunny]

Still think Big Macs are the best burgers though I really like Five Guys all the way too.

[AlcoHoDL]

[icopress]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear. My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard. I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

This is a very touching post and a great example of what a significant role Bitcoin can play in our life ... For a second I imagined myself in your place, I imagined that I quit smoking and met a girl who adheres to the wedding vow “In wealth and poverty, in illness and health". You are lucky, appreciate it ...
BTW, congratulations on your achievement Sr. Member rank, ²⁴⁹⁺¹ (in fact, I get a little euphoric when I send merit to those who, on the cusp of a new rank, publish something heartbreaking).

[shahzadafzal]

$45k.. We reached the bottom guys... Time to fill up bags!!!

[somac.]

$45k.. We reached the bottom guys... Time to fill up bags!!!

I hope so, but I think that it is a little early to make that call. The US session, will give us some better direction. The next 24 hours are critical 

[El duderino_]

$45k.. We reached the bottom guys... Time to fill up bags!!!

I hope so, but I think that it is a little early to make that call. The US session, will give us some better direction. The next 24 hours are critical 

The first 24 years are always critical, where half way through criticalness and where doing OK imho

[somac.]

$45k.. We reached the bottom guys... Time to fill up bags!!!

I hope so, but I think that it is a little early to make that call. The US session, will give us some better direction. The next 24 hours are critical 

The first 24 years are always critical, where half way through criticalness and where doing OK imho

halfway in time sure, only about 1-3% in that 24 years total price though

[El duderino_]

$45k.. We reached the bottom guys... Time to fill up bags!!!

I hope so, but I think that it is a little early to make that call. The US session, will give us some better direction. The next 24 hours are critical 

The first 24 years are always critical, where half way through criticalness and where doing OK imho

halfway in time sure, only about 1-3% in that 24 years total price though

Sounds right :-)

[psycodad]

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

Correct. If you have an unexpected windfall at a bank (error transfer) that is classified as "not reasonable" then yes you have to give it back. Sucks, but that's life. Now if you deposit extra money to pay a debt in error then the holder of the debt does NOT have to give it back as it is a payment against the debt.

Bitcoin fixes the above issue.

That said, if someone dropped 100btc into my account by mistake I would refund it. Because it's the right thing to do and laying claim to something that isn't mine would corrupt my soul. That's worth way more than 100btc to me.

I tend to agree with you - in principle, but 100BTC?
I am pretty confident the decision to return that amount would have to age for quite some time with me.
But yeah, rather sleep well than keeping something that is not yours.

[serveria.com]

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

Correct. If you have an unexpected windfall at a bank (error transfer) that is classified as "not reasonable" then yes you have to give it back. Sucks, but that's life. Now if you deposit extra money to pay a debt in error then the holder of the debt does NOT have to give it back as it is a payment against the debt.

Bitcoin fixes the above issue.

That said, if someone dropped 100btc into my account by mistake I would refund it. Because it's the right thing to do and laying claim to something that isn't mine would corrupt my soul. That's worth way more than 100btc to me.

I tend to agree with you - in principle, but 100BTC?
I am pretty confident the decision to return that amount would have to age for quite some time with me.
But yeah, rather sleep well than keeping something that is not yours.

But how would you know perhaps that's a gift to you from some wealthy philanthropist? Or that's dirty mafia drug money? And giving it back would kill lots of peeps? I guess that would be a bit complicated for the owner of the funds to locate you? So not many chances you'd get contacted by the fatfinger? 

[Dabs]

@Richy_T, I don't really have a bias against big blockers, I let them be. I understand the situation and we have all been offered a coins with big blocks in the form of forks, as well as altcoins. For most sites that accept BCH or BSV, they sometimes accept LTC and XMR which have different coin parameters (faster block times) and even privacy.

I guess what they don't like is that they would have wanted it to be part of BTC instead of having to go to an altcoin exchange to swap over to a different coin just to spend it.

I think it of it more like the difference between an investment account, a savings account, a checking account and your credit card.

Anyway, this topic has already been discussed, I had just thought you were one of those big blockers come back and try to resurrect an already dead horse. It will one day, but not now.

As for the synthetic meat, I'm wondering about that too, is that how Beyond Meat is made now? They are only marginal more expensive than regular burgers in A&W and other places that server it. There are even competitor synthetic meats. I've always thought they were the next version of tofu or something.

[Dabs]

I tend to agree with you - in principle, but 100BTC?
I am pretty confident the decision to return that amount would have to age for quite some time with me.
But yeah, rather sleep well than keeping something that is not yours.

First, I'd find out who sent it, and why, and if there was any mistake. Because if it just happened out of the blue and someone sent it to my address listed in my profile, that usually means it was a donation. I would still try to find out, maybe wait a few days and see if they send me a message, because obviously they got the address from this forum.

I'd do a basic look at block explorers to also see if I can find out where it came from.

If someone were to contact me about it and asked it to be returned, then I would return it minus any transaction fees, which I'll try to minimize by using as low as reasonable. (I don't think they'll be in too much of a hurry since it was a mistake in the first place, they can probably wait a little bit.)

If it was not a mistake and it was done with good intentions, I'd be grateful. And probably HODL that for a several years. We will see BTC go where no other asset class has gone, and what was thought impossible by many, $1m, $10m, even $100m.

[Richy_T]

What we are currently witnessing in $58,xxx to $47,xxx is only the second big dip of this bull run.
There is plenty of room for up, we’re not even half way to the peak of this bull run.

I dunno. To my semi-trained but experienced eye, I'd picked somewhere around 60k for the top. I didn't really see the FOMO though. We'll see, I suppose.

[Paashaas]

Daiwa Securities from Japan trials blockchain corporate bonds on Bitcoin network

https://www.ledgerinsights.com/daiwa-securities-trials-blockchain-corporate-bonds-on-bitcoin-network/

[Sayeds56]

What we are currently witnessing in $58,xxx to $47,xxx is only the second big dip of this bull run.
There is plenty of room for up, we’re not even half way to the peak of this bull run.

I dunno. To my semi-trained but experienced eye, I'd picked somewhere around 60k for the top. I didn't really see the FOMO though. We'll see, I suppose.

[Richy_T]

I guess what they don't like is that they would have wanted it to be part of BTC instead of having to go to an altcoin exchange to swap over to a different coin just to spend it.

All big blockers wanted was for low-friction transactions to continue to be part of Bitcoin as they already had for the previous six years. They are original Bitcoiners as much as any small-blockers. I'm back because small blocks and high fees do not (possibly yet) appear to have negatively affected Bitcoin's price. However, it must be understood that small-blocks and high fees does remove certain functionality from Bitcoin and while I'll generally not bring this up for no reason, when I see someone act like Bitcoin still has these properties, I'll comment if appropriate. In this recent case, small blocks, DCA and 'not your keys, not your coins' were not compatible together. Choose two. There are several other examples but I won't go into them since it will seem like proselytising.

Now, if all people want is an expensive-to-move SOV, as some in this thread have stated, that's definitely what you got. Otherwise, you just have to accept that the nature of Bitcoin changed when the blocks became permanently full and adjust expectations appropriately.

As for the synthetic meat, I'm wondering about that too, is that how Beyond Meat is made now? They are only marginal more expensive than regular burgers in A&W and other places that server it. There are even competitor synthetic meats. I've always thought they were the next version of tofu or something.

Beyond Burger and friends are not synthetic meat as far as I'm aware, mostly next-generation attempts to simulate meat with vegetable and chemical products. They are considerably more expensive to buy in grocery stores (most of the price in fast food joints goes to overhead and staff so the gap closes) which indicates that the degree of processing probably makes them financially and ecologically worse than cow meat. So again, if it's about killing animals, fine but if not, probably no good reason to get it. Simulated meat likely has better prospects than synthetic meat in the mid-future though.