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

[fillippone]

How many acres total now?

Getting up to near 140 acres now.

I read a whole Wikipedia page and all I learnt is that you own 124 football field.
Given the fact I have never saw a football field (as football is the wrong name for the wrong sport, over there), still, I don't know how much land you do own, but I guess it's a pretty big garden.

Well done!

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[Biodom]

if someone (he) calls himself a bunny and shows a female face as their avatar, that's just not nice as far as gender identity signaling is concerned, but, whatever, Jayjuangee could be a female too, for all I know.
However, I found a reason for my thinking about bunnies and females (apart from that english link):
https://en.wikipedia.org/wiki/Playboy_Bunny

Playboy bunnies got stuck in my head...that's why. Those bunnies were not men for sure.
However, I would henceforth refer to @JJG as 'she' to balance the equation...The "lady" doth protest too much, methinks.

I will henceforth refer to Biodom as stalled.

 

girl, please arrive at a point that has any significance.

That one surely has significance.. cannot you even remember your own proclamations about bitcoin being stalled at the top of the price range.. and you cannot remember how ridiculous your own statement?

I am just sticking with your own unable to control ur lil selfie bearish proclamations and using them against you.

That is all.

Actually, now you seem to simply make things up.
The search with "stall" of my posts comes with nothing-all I can see is your two tongue twisting posts.
Gurl, YOU are the one who is bearish-always selling when btc goes up and accumulating useless fiat, while I mentioned that i would not sell bitcoin (probably ever).
Is that bearish for you? Opinions on movings up and down are just that, comments. I don't try to buy the dip because I am already constantly buying.
Report some nice land or another property purchases like others did-then, we would are talking some sense.

[Elwar]

How many acres total now?

Getting up to near 140 acres now.

I read a whole Wikipedia page and all I learnt is that you own 124 football field.
Given the fact I have never saw a football field (as football is the wrong name for the wrong sport, over there), still, I don't know how much land you do own, but I guess it's a pretty big garden.

Well done!

Repeat after me : An acre is the area of a rectangle whose length is one furlong and whose width is one chain.

[Biodom]

How many acres total now?

Getting up to near 140 acres now.

I read a whole Wikipedia page and all I learnt is that you own 124 football field.
Given the fact I have never saw a football field (as football is the wrong name for the wrong sport, over there), still, I don't know how much land you do own, but I guess it's a pretty big garden.

Well done!

Repeat after me : An acre is the area of a rectangle whose length is one furlong and whose width is one chain.

ha, ha, apparently 140 acres is 0.566 sq km for the metric-oriented..I was born into the metric system, water under the bridge.
I suppose doubt that it is much less 124 football fields, though.

[Richy_T]

Ended up deciding we're going to continue leasing the first parcel of land to cattle ranchers, and the third parcel we are buying will continue to lease out to cotton farmers after putting in access to our property.

Bitcoin theme park.

[nullius]

Panic!  pANIC!!  Dump, dUMP, DuPM your dollars.

I have always been a bear.  A Dollar Bear™, more than a Bitcoin bull.  I am extremely negative about the markets.

People will do things to avoid loss that they will not risk for gains.  It is important to see the rapidly shrinking number of sats that a dollar can buy.

Number go DOWN!

And we (TINW) need to stop thinking in terms of dollars.  We (editorial “we”) know that 1 BTC = 1 BTC; but what is a dollar worth?  A dollar must be valued in sats.  We (royal “we”) therefore decree by fiat that henceforth, we shall quote sats/USD as we observe dollar sell walls.


Currently observing 1766 sats/$.  When 1700?

[philipma1957]

buy buy buy ath of 60k coming soon.

[nullius]

buy buy buy ath of 60k coming soon.

sell sell sell your dollars, atl of 1666 sats coming soon.

[JayJuanGee]

Normally I would mention here that the price action of bitcoin is interesting in light of the fairly light volume.

But I think we are seeing something different this time (tm).

We have used the large retail exchanges as price oracles for the entire lifespan of Bitcoin, and still do.  But is this where the actual volume is happening now?

I would say not.

That divergence is very interesting to think about.  I have speculated in the past about scenarios based on this new paradigm, for example:  If I were a big money player I would be buying BTC over the counter, and dumping a little bit of it on the low volume exchanges to depress the retail price as I buy.  But who knows what is actually happening?

I wonder if the high price is causing unit bias to suppress Joe Sixpack from buying?

I can;t quite figure out what is happening exactly, but it is exciting me... that much I know.

I understand you, cAPSLOCK, to be saying that it seems different this time, and then you list some amorphous things that may or may not be happening to cause you to conclude that something may well be happening this particular time that is different.. but you  just cannot put your finger on it... ... which in essence seems to lend a decent amount of credibility to claims that this time is almost fucking the exact same (it just happens to be different), but we are so much on schedule and within the dominant BTC price prediction models (in my thinkenings) that the whole situation is almost like the wettest of wet dreams that anyone could actually be living through such a fantasy that is not actually a fantasy but "is happening" right in front of our very eyes, and "on schedule" at that. 

Who would-a thunk?  Truly, way too good to be true, so something must be up.

I am not sure what I am meaning to say is I expect the price action to be different, or not.  I don't know that I understand how to calculate that considering we are 1 or 2 orders of magnitude away price wise from the past cycles.  What is interesting to me is that the way things are proceeding has some major fundamental differences, and I can be specific.

1.  Institutional, and other big money is starting to bite... kinda hard.
2.  Most of the accumulation is happening away from retail exchanges.
3.  Institutional investors are by and large currently ONLY interested in BTC.
4.  The above investors seem to actually UNDERSTAND bitcoin.  This is also new.  They understand the decentralization part, the scaling issues etc.
5.  Retail exchange volume is still barely warm, in my opinion.

Because of the above the idea of a "super cycle" has more weight than I would have imagined was possible.  Though I still think it is likely a minority scenario, it has a REAL chance.

In some ways the super-cycle, if it were to happen (and to define it: it is big money (and small) frontrunning the rest of this cycle and lighting a rocket we have not yet seen) will in retrospect appear inevitable.

That is the "this time it might be different" I am talking about.   There are lots of models... Rainbows, S2F, that other S2F with real estate in it, etc...  What I am wondering is if maybe that latter S2F model ends up being more correct, or this time we break them all?

Will it?  I dunno.

Thanks for the further explanation.. and I think that part of the points that I was making earlier is 1) all the time when we are in the midst of anything related to bitcoin there is going to be a certain amount of uncertainties - even when we have a variety of models and theories to help us to attempt to appreciate our potential location a bit better and 2) Of course to a considerable extent the players and the whole hype has to be different (and greater) because it takes more capital to push the BTC price up when the unit value is $3k versus when the unit value is $57k  and perhaps 3) we cannot really be generalizing too much even though you are likely correct that some BIGGER players are likely engaging in a considerable amount of front running of retail - and that dynamic is not exactly too far outside of what of what could have been reasonably speculated to be a pretty decent expectation.. rich people are going to try to front run and even to set up disadvantages.. .

and bitcoin allows that kind of free range competition for coins or real estate on the blockchain or whatever... so even though it seems strange or even too good to be true, it is not really outside of expectations of what any of us longer term HODLers might have speculated about what could happen.. so yeah it is nice to see such things happening and us longer term HODLers and BTC advocates become kind of vindicated.. even though nothing is guaranteed.. the stars do surely all seem to be aligning in way better ways than our more mediocre expectations.. .... but even having had said all that.. fuck the super-cycle theory.. too pie in the sky to be realistic.. we are more likely to have outrageous exuberance to the upside and overshooting that is going to cause a correction that just is inevitable from the outrageous exuberance rather than going into a super-cycle (even though I agree that the super-cylce is a non-zero probability scenario.. just like going to zero is a non-zero probability.

[Icygreen]

^
Well done!
I always liked that .gif, thanks for the update.
edit: deleted post 
machine gun bitcoin incoming!  Laser eyes?

[Richy_T]

Okay, you ingrates. My modification of the old "awesome bitcoin" meme wasn't good enough for some what with the numbers being hard to match to the somewhat inconsistent original... So I made it from scratch. Bonus is, the way this is done, it's easily updated with new stuff. I have a couple of ideas already. But in the meantime...



Link to better and bigger version: https://i.imgur.com/diHZRyH.gif

[Richy_T]

^
Well done!
I always liked that .gif, thanks for the update.
edit: deleted post  
machine gun bitcoin incoming!  Laser eyes?

Just realized there was a glitch in one of the frames so re-rendered.

Laser eyes may be an option. Unfortunately, any kind of gradient really bloats the filesize. The glowing green up-line looks awful at anything under 5MB.

Interestingly, the original gif appears to be using some kind of AR-15 type rifle but with no buffer tube so would be non-functional.

[nanobtc]

From memory, an acre is 1/4 mile long, and 33 feet wide. 43,560 square feet. Or maybe 33 1/3. Oops, that's an album. I dunno.

[noormcs5]

[dieselmeister]

Good Morning WOvians...

I thought we go up to a new ATH this night, but we go down a little... But today ist the day, where we went from ATH to ATH

Btw. Yesterday I found out, that here in germany they made future trading basically impossible for private citizens.

Since this year, you can only remove max 20k Loss from your gains. All above doesn't count for tax calculation. You can take the rest to the next year, but you can only remove it from gains in future trading, not other income.

One example:


Loss: 30.000 €
Win: 40.000 €

Before 2021 easy: 40k - 30k = 10k and 25% taxes on it.

Now: 40k - 20k (max) = 20k and 25% taxes on it.

Now imagine future trading with leverage has sometime many more the these numbers.

This is highly unlawful (constitutional). Hope they win before court, but this takes time.

So the only way to gain more coins is to stake or to buy the fucking dip.

[Biodom]

Good Morning WOvians...

I thought we go up to a new ATH this night, but we go down a little... But today ist the day, where we went from ATH to ATH

Btw. Yesterday I found out, that here in germany they made future trading basically impossible for private citizens.

Since this year, you can only remove max 20k Loss from your gains. All above doesn't count for tax calculation. You can take the rest to the next year, but you can only remove it from gains in future trading, not other income.

One example:


Loss: 30.000 €
Win: 40.000 €

Before 2021 easy: 40k - 30k = 10k and 25% taxes on it.

Now: 40k - 20k (max) = 20k and 25% taxes on it.

Now imagine future trading with leverage has sometime many more the these numbers.

This is highly unlawful (constitutional). Hope they win before court, but this takes time.

So the only way to gain more coins is to stake or to buy the fucking dip.

I am amazed. Germany outlawed losses [yes, I get it, more than 20K].
That's insane, sorry.
In US you could have 10bil gains and 10bil 3K losses, and you can subtract 3K, but ONLY 3K max a year, a ridiculously low number that did not change for decades (or maybe ever).
Around here, they compound something very fast when it is in their favor and never update something that goes in the opposite direction.
Well, bitcoin fixes this.

[Arriemoller]

OW COME ON!!! Edging $58k is killing me 

 Edging enhances the feeling you get when it finally blows.
It's well worth the wait.

Edging is one of the best inventions of humanity. Until you have been edged properly you really have not experienced a true ATH.

I am asking for BTC to be edged and teased with great care for days maybe weeks on end.  The spike when it lets loose will be the longest green candle ever done or seen in the history of the human race.

In the mean time I may leak a bit and sell 100 USD worth. Much like a tiny drop of well you know pre ATH

I'm just not a big fan of #nohomo tags, but you, like, could, you know, have used one here, man.

https://youtu.be/v_uH-qrKxWQ?t=178

[dieselmeister]

Good Morning WOvians...

I thought we go up to a new ATH this night, but we go down a little... But today ist the day, where we went from ATH to ATH

Btw. Yesterday I found out, that here in germany they made future trading basically impossible for private citizens.

Since this year, you can only remove max 20k Loss from your gains. All above doesn't count for tax calculation. You can take the rest to the next year, but you can only remove it from gains in future trading, not other income.

One example:


Loss: 30.000 €
Win: 40.000 €

Before 2021 easy: 40k - 30k = 10k and 25% taxes on it.

Now: 40k - 20k (max) = 20k and 25% taxes on it.

Now imagine future trading with leverage has sometime many more the these numbers.

This is highly unlawful (constitutional). Hope they win before court, but this takes time.

So the only way to gain more coins is to stake or to buy the fucking dip.

I am amazed. Germany outlawed losses [yes, I get it, more than 20K].
That's insane, sorry.
In US you could have 10bil gains and 10bil 3K losses, and you can subtract 3K, but ONLY 3K max a year, a ridiculously low number that did not change for decades (or maybe ever).
Around here, they compound something very fast when it is in their favor and never update something that goes in the opposite direction.
Well, bitcoin fixes this.

Yep, we are govered by idiots ... -.-

[Arriemoller]

How many acres total now?

Getting up to near 140 acres now.

I read a whole Wikipedia page and all I learnt is that you own 124 football field.
Given the fact I have never saw a football field (as football is the wrong name for the wrong sport, over there), still, I don't know how much land you do own, but I guess it's a pretty big garden.

Well done!

An acre is about 4000 square meters.

Fun fact, an acre is about the same as the scandinavian unit "barrel of land" https://en.wikipedia.org/wiki/Barrel_of_land

[ivomm]

Today is the mindrust day. One year ago, on that evil day, mindrust panic sold all his 10BTC stash for $4000 - the average price he has bought his stash. He had twice that sum in fiat, but instead of buying at these incredibly cheap prices, he decided to buy USD, monero and other shitcoins. His ghost is reportedly still appearing from time to timel on bitcointalk topics, arguing that his decision was right. To him and others fallen comrades by the poison of Peter Schiff's kinda FUD, a minute of silence.