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

[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.

[redhack]

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

Hope that's true but we still have chance to see 38k for the dip.

[vroom]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are still waiting for 2k

[d_eddie]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are still waiting for 2k

2k? I wish! Some are waiting for 100$. Math and science my friend, science and math.

[Dabs]

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 sure, eventually, we'll get there. I just never "switched" from BTC to any of the newer ones, I continued to use the software as it evolved, that's all. I mean, fees used to be 0.01 BTC, then it got lowered to 0.001 BTC, then it got lowered to 0.0001 and I think it just simply stayed there while the price kept going up.

Nothing has changed since then, well, maybe a dozen version numbers and segwit notably; but I believe these are good changes. And I'll just simple go where the majority goes. And like plenty of OG bitcoiners, I spent all my corns... which was probably not a good idea, but maybe I had to take one for the team. Think of the pizza guy. He just bought two more pizzas with bitcoins, but a lot less than 10k BTC recently.

We'll get there, just not now. I see the new developments and second layers and other things, we'll get there. Or we might not, not much we can really do about it. If you're a dev, put in a pull request or something and hope it gets merged. Otherwise we have what we have, and if someone wants big blocks, they can have that too in the form of altcoins.

People keep saying Litecoin is a form of live production testnet for Bitcoin using "real" value instead of worthless testnet coins ... maybe perhaps? BCH and BSV could have been doing the same thing, but I think the politics and fighting and "violence" is not making the situation any better. Plus that crazy guy who can't do a simple proof, not because he does not want to, but most probably because he really can not.

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.

The only reason I'm not eating fake meats is, the real meat is already expensive, why would I pay more for fake ones. They've got to lower the price. Plus the real thing is always a good idea. Like you said, nature and animals are efficient at turning grass into burgers. That's their purpose, that's always been their purpose.

And if a vegan at party I'm in (pre covid, or post covid) wants to skip the beef, I'll offer to take it from them; "here, let's swap, you can have my broccoli and I'll take your steak, thanks." I'm not full carnivore yet, but maybe we'll get there too.

[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.

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? 

Sure, a wealthy philantropist sends 100BTC my way, of course this is a completely different discussion.
I somehow get the feeling you also click all the "You have received a donation via google lottery" links in the emails you get, right? Are you saying these "Send 1BTC to Musk and get 2BTC back" Twitter campaigns are legit? Because you actually never know if some philantropist...   j/k

Seriously though,  I think we can safely assume that this is not going to happen that somebody intentionally sends you 5m USD without you knowing why or having no idea about the reason for the transfer.

If that ever happened (assuming a very bad error on the senders side), after digging a bit through BEs (as dabs proposed) and listening around here and on twitter, I would probably come to bct and post it here, trusting the guy having fat-fingered 100BTC to me would get to know somehow. If he can sign from the sending address I'd ask an appropriate finder reward (which I'd see at 5-10% according to local law and use here).

Given that finder reward, I'd naturally cover all the fees for an express tx  


@dear-random-philantropist: If you read this, the address on my profile is valid and under my control. If you send me 100BTC I'll send you back 90BTC, promise!

[JSRAW]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are m..dr..t still waiting for 2k

[shahzadafzal]

Bitcoin BTC is redefining the success

[bitcoinPsycho]

[Richy_T]

Seriously though,  I think we can safely assume that this is not going to happen that somebody intentionally sends you 5m USD without you knowing why or having no idea about the reason for the transfer.

If that ever happened (assuming a very bad error on the senders side), after digging a bit through BEs (as dabs proposed) and listening around here and on twitter, I would probably come to bct and post it here, trusting the guy having fat-fingered 100BTC to me would get to know somehow. If he can sign from the sending address I'd ask an appropriate finder reward (which I'd see at 5-10% according to local law and use here).

You could always just send it back to the sending address. No proofs needed.

Such things, if they happen are most likely to be computer errors. Notably some people have run untested software on wallets that contain most of their stash and have come to regret it. Human error is definitely not out of the question but far less likely in my estimation.

[BitcoinBunny]

Get back up to 50K you pony faced dog soldier; whores, cars and travel don't come cheap!

[Sayeds56]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are m..dr..t still waiting for 2k

The Future contracts will expire tonight, it can make BTC price very volatile. Upside ; 48K   Downside : 42K

[xhomerx10]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller? 

[xhomerx10]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are m..dr..t still waiting for 2k

The Future contracts will expire tonight, it can make BTC price very volatile. Upside ; 48K   Downside : 42K

 Upside achieved in 6 minutes.  Now what?

[Sayeds56]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are m..dr..t still waiting for 2k

The Future contracts will expire tonight, it can make BTC price very volatile. Upside ; 48K   Downside : 42K

 Upside achieved in 6 minutes.  Now what?

The pivot point is 48,572. BTC should stay above it for some time to hit next target of 50,370.

[xhomerx10]

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

Hope that's true but we still have chance to see 38k for the dip.

yeah, sure. some people are m..dr..t still waiting for 2k

The Future contracts will expire tonight, it can make BTC price very volatile. Upside ; 48K   Downside : 42K

 Upside achieved in 6 minutes.  Now what?

The pivot point is 48,572. BTC should stay above it for some time to hit next target of 50,370.

 thanks!  Keeping my fingers and laser eyes crossed.