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

[rdbase]

Since we are in the mood for these NFT a'la the ICO craze many moons ago.
Elon selling his NFT song for $420 million.
This has got to be a reefer madness joke in there some where from his interview with Joe Rogan sparking up a blunt.

https://u.today/elon-musk-wants-to-be-paid-420-million-dogecoin-tokens-for-his-nft

edit: 420 mln in dogecoin that is. Sorry about that, celebrating St.Patrick's day a bit too early today.

This is how the shitcoin whales can legally reward him.

NFT sales are legal?
Says who?

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

[JSRAW]

[AlcoHoDL]

As a mostly layman when it comes to maths (and sciences) funzies, could it be that one of the goals of continuing to attempt to calculate pi to further digits is to see if there might be a zero in there somewhere (I mean a last digit)? - and then we know how many actual digits pi has, rather than what seems to be an infinite number of digits without a last digit.  

We already know the answer to this: Pi has an infinite number of digits (i.e., there is no "last digit"). This is because Pi is an irrational number (it cannot be expressed as the ratio of two integers). Proof of this dates back to the 18th century (Lambert, 1761). The square root of 2 (1.414...) is another well-known irrational number.

We all (except Jay) know that π is an irrational sonofabitch; but is he normal?  

* Wrathful nullius is the negative one, because ’e is powered to imaginary·π.

Yes, I just implied that 0 = -1.  Well, that’s not as bad as looking for the last digit of π.

I presume you're referring to Pi and not Jay.

Now, that's a challenge. I would bet that Pi is normal, but that statement is worthless...

Funny thing is that I was confused by the same thing when I read that nullius sentence, but I did not want to say anything to cause my lil selfie to appear MOAR dummer than I actually am, and that's why from time to time I present "deeper ideas" in "baby talk."

 

It's perfectly normal not to know that Pi is irrational. In fact, I'd say that it's MOAR normal not to know this, than to know it. Therefore, to answer nullius' question, I conjecture that both Pi and you, are normal (unproven in both cases).

Your comment sparked an interesting WO-style discussion, and that's a good thing.

[ivomm]

FWIW, somehow I don't believe this "Stimulus Check inrush into Bitcoin" is going to be as dramatic as some of us are expecting. Dare I say that it may not even register in the charts. Why? Because I don't really believe that the average US citizen is really going to rush and invest $1200 in Bitcoin just like that. I mean, if all these people wanted to invest in Bitcoin, they would have done it already. Also, I expect that the ones who do invest their Stimulus Checks in Bitcoin will sell their coins as soon as the price increases enough to give them a decent profit. The problem is that most of these people won't do it because they somehow "saw the light" and understood what Bitcoin is all about, but just to make a quick buck.

I could be totally wrong, but that's the way I see it. Nothing will happen. Just a small blip in the charts. What's needed are big moves like Elon's and Saylor's. Big institutional investors that buy Bitcoin in bulk with the intention to HoDL, and publicize it in any way they can. That's what will drive the price up.

My .02 BTC     Hey, that's nearly a Stimulus Check's worth of corn!

It depends. If the week turns green, we can expect an even stronger spike than usual. That could lead into 85K+ area. If the week remains red, then some may prefer to wait to time the bottom. In that case there will be no fireworks, but a bigger crash would be avoided also. So it is a win-win situation for the bulls. Moreover, the americans are used to invest at least 10% of any saved fiat into Bitcoin and stocks. The surveys show that 5-10% of the 400 bil checks will be invested in Bitcoin. Which means 350-700K bitcoins bought on Coinbase. The total reserve (hot and cold wallet) ot that exchange is 690K bitcoins. So anyone (except the moron proudcunt) can do the math. The liquidity crisis may not be visible on the charts of CQ and Glassnode, since most of the bought bitcoins will remain on the exchange. But this will lead to a violent bull run sooner or later. I agree though that retail buyers will seek fast profit, so perhaps they will cash out around 110-120K, where we can go pretty fast, but not unexpected at least for me.

[BitcoinBunny]

So anyone (except the moron proudcunt) can do the math.

 

[marcus_of_augustus]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

[AlcoHoDL]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

Just imagine drug lords, mafia bosses and terrorists exchanging NFT pop-art pieces for thousands of BTC each. Why not? Even criminals can have an eye for art, no?

[rdbase]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

Just imagine drug lords, mafia bosses and terrorists exchanging NFT pop-art pieces for thousands of BTC each. Why not? Even criminals can have an eye for art, no?

That was my point.
The SEC will use those fingers of theirs they have had stuck up their asses and say "Hey those criminal overloads can use NFT for money laundering as well!"
Well duhhh.

ICO's were done through loopholes in the legal system and they were shutdown. Then you had exchanges saying to themselves: "Hmm.. wonder how we can get into this game and make out with massive profit!?"
Just rename the exact same model and call them IEO instead.

[rdbase]

Remember when ICO were offered and the startups all thought they were being so very cute and sly in the way of selling them off as assets?
Well the SEC shut that sh*t quite quick and after a while I am seeing them doing the same thing with these eventually.
They always seem to find that buttplug so to stop the stream in those loopholes the creators of these non-fungible things seem to always get around(exploit in the legal system?) at the start of their inception in the ether.

... art, classic cars, collectables are not subject to capital gains, afaik, especially if the gains are one-off, i.e. not regular source of income.

... crypto is opening up multiple holes in the dyke of financial facism, SEC might be running out of fingers at some point.

Just imagine drug lords, mafia bosses and terrorists exchanging NFT pop-art pieces for thousands of BTC each. Why not? Even criminals can have an eye for art, no?

That was my point.
The SEC will use those fingers of theirs they have had stuck up their asses and say
"Hey those criminal overloads can use NFT for money laundering as well!"
Well duhhh.

ICO's were done through loopholes in the legal system and they were shutdown. Then you had exchanges saying to themselves: "Hmm.. wonder how we can get into this exact game and make out with those same massive profits!?"
Just rename the exact same model and call them IEO instead.

[strawbs]

FWIW, somehow I don't believe this "Stimulus Check inrush into Bitcoin" is going to be as dramatic as some of us are expecting. Dare I say that it may not even register in the charts. Why? Because I don't really believe that the average US citizen is really going to rush and invest $1200 in Bitcoin just like that. I mean, if all these people wanted to invest in Bitcoin, they would have done it already. Also, I expect that the ones who do invest their Stimulus Checks in Bitcoin will sell their coins as soon as the price increases enough to give them a decent profit. The problem is that most of these people won't do it because they somehow "saw the light" and understood what Bitcoin is all about, but just to make a quick buck.

I could be totally wrong, but that's the way I see it. Nothing will happen. Just a small blip in the charts. What's needed are big moves like Elon's and Saylor's. Big institutional investors that buy Bitcoin in bulk with the intention to HoDL, and publicize it in any way they can. That's what will drive the price up.

My .02 BTC     Hey, that's nearly a Stimulus Check's worth of corn!

I think you're probably right, it's more likely to be spent on essentials than Bitcoin

https://www.reuters.com/article/us-usa-economy-stimulus-checks/anxious-americans-to-pay-debt-taxes-with-covid-19-stimulus-checks-idUSKBN2B82LO

[El duderino_]

[brokedummy]

Hello darkness my old friend

[eXPHorizon]

[Paashaas]

https://twitter.com/DocumentingBTC/status/1371923894043561987

[vroom]

https://twitter.com/DocumentingBTC/status/1371923894043561987

so what is this shit? why are we going down? sell the rumour and buy the news?

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $55,240

[shahzadafzal]

Dont swing trade!  

Sauce?

[BitcoinBunny]

Dont swing trade!  

Sauce?

Source or sauce?

[Torque]

Another reason not to own filthy fiat.

https://www.foxbusiness.com/markets/janet-yellens-signiture-to-hit-us-2021-currency

In fact, the Fed reserve note just lost its fungibility. I'll be trading any of my fiat notes with that stupid bitch's signature on it for one without.

[rdbase]

Hoping for all green candles on your charts today WObservers, for whichever way your trades swing and for whichever coins you have bags of you leprechauns.
Surprised nobody mentioned about St. Patrick's day today.
Already celebrating early by having a guinness.

https://www.theguardian.com/business/2020/nov/11/guinness-recalls-non-alcoholic-stout-over-contamination-fears
Never go non-aLoHoDlic.

So cheers to you all who celebrate this day with a cold brew to you too!