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

[d_eddie]

Meitu is becoming Asia's
@MicroStrategy
. The Chinese public listed firm has spent $50 million on purchasing #ETH and BTC.

Is the start of an institutional cycle led by Asia?
https://twitter.com/Cointelegraph/status/1372631393046499329?s=20

Butbut... China ban bitcoin....!? 

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[El duderino_]

Meitu is becoming Asia's
@MicroStrategy
. The Chinese public listed firm has spent $50 million on purchasing #ETH and BTC.

Is the start of an institutional cycle led by Asia?
https://twitter.com/Cointelegraph/status/1372631393046499329?s=20

Butbut... China ban bitcoin....!? 

Only at end of the week, at start of the week they re embrace Bitcorn

[JayJuanGee]

Does that mean that bitcoin will go to 149059014590 % ?!?

It seems to mean that you, save the rf, have not been doing very well with your recent DOWNity bets and your DOWNity proclamations.

 

[OutOfMemory]

Hey, here's a thing that came to my mind pretty often since a month or two, and finally i actually remember that i said last year, that i keep you all up with the news.
It's about my GDPR Art 13. "Right to be forgotten" request to ledger.fr, regarding deletion of all my personal data from their systems.

So i finally got an Email from Ledger, about two months after the original request, that they successfully and permanently deleted my data.

Here it is:

Hi,

Thanks for your data deletion request. We have taken appropriate steps to ensure the erasure of your personal data associated with the information you provided from our systems and relevant third-party providers.

Note that some of your personal data may be further retained by Ledger in order to comply with applicable data retention laws and other legal requirements (eg. tax and accounting requirements, fraud prevention).

Please rest assured that the protection of your personal data is of paramount importance for Ledger. Thank you for your patience and support as we continue building products and internal policies that respect your privacy.

Kind regards,

The Ledger Privacy Team

No mentioning of my Name, Email or like that in the message text. Seems legit 

[Torque]

Why are some Bitcoiners getting bent out of shape about this?  Just because NFTs run on generalized smart-contract chains,⁰ which Bitcoin is not?

To put it simply: in the crypto community, there seems to be this prevalent attitude that anything and everything crypto-born is absolutely fucking awesome and will change the world.

Well guess what, there was something absolutely fucking awesome created, one thing, and that was Bitcoin. It actually solved a problem with money that absolutely needed solving. And it will change the world.

Everything else is either a solution looking for a problem that doesn't exist, or isn't really a problem. 99.99% are just complete, straight up shitcoin scams.

NFTs are just the latest iteration of crypto scam-straction. They solve nothing that actually is a problem or needs fixing. They will eventually be relegated to the dustbin of history, along with shitcoins, ICOs, etc.

[rdbase]

Why are some Bitcoiners getting bent out of shape about this?  Just because NFTs run on generalized smart-contract chains,⁰ which Bitcoin is not?

To put it simply: in the crypto community, there seems to be this prevalent attitude that anything and everything crypto-born is absolutely fucking awesome and will change the world.
Well guess what, there was something absolutely fucking awesome created, one thing, and that was Bitcoin. It actually solved a problem with money that absolutely needed solving. And it will change the world.
Everything else is either a solution looking for a problem that doesn't exist, or isn't really a problem. 99.99% is just complete, straight up shitcoin scams.
NFTs are just the latest iteration of crypto scam-straction. They solve nothing that actually is a problem or needs fixing. They will eventually be relegated to the dustbin of history, along with shitcoins, ICOs, etc.

Can't the NFTs and bitcoiners just live side by side in harmony?
Maybe we should take some worldly advice from the animal kingdom on this one:
https://www.instagram.com/p/CMfbt06A92U/



Can't doge and the bitcoin bulls just get along?
#BullsDogeLove

note to the bitcoin maximalists in the wo crowd (I know there are many ):
I am just kidding!

[Xian01]

lulz

Won an auction on Twitter bidding 1.2M sats for a limited edition swedetoshi Honey Badger finger board.

Figured you guys might appreciate this stuff.

Thanks Bitcoin!





02/21 auction ends soon.

https://twitter.com/swedetoshi/status/1372638506577707008

HODL.

[AlcoHoDL]

Hey, here's a thing that came to my mind pretty often since a month or two, and finally i actually remember that i said last year, that i keep you all up with the news.
It's about my GDPR Art 13. "Right to be forgotten" request to ledger.fr, regarding deletion of all my personal data from their systems.

So i finally got an Email from Ledger, about two months after the original request, that they successfully and permanently deleted my data.

Here it is:

Hi,

Thanks for your data deletion request. We have taken appropriate steps to ensure the erasure of your personal data associated with the information you provided from our systems and relevant third-party providers.

Note that some of your personal data may be further retained by Ledger in order to comply with applicable data retention laws and other legal requirements (eg. tax and accounting requirements, fraud prevention).

Please rest assured that the protection of your personal data is of paramount importance for Ledger. Thank you for your patience and support as we continue building products and internal policies that respect your privacy.

Kind regards,

The Ledger Privacy Team

No mentioning of my Name, Email or like that in the message text. Seems legit 

It is legit. I received the exact same email (down to the last character) about 2 months ago. I also promised to report here and forgot about it... Hopefully they have wiped most/all of our data from their databases.

[wxa7115]

Does that mean that bitcoin will go to 149059014590 % ?!?

No, it means fiat will go to zero, wake up some of the sheep and bitcoin will become its own point of reference basically going to infinity.

Infinity > insert whatever percentage you may like.

[lightfoot]

lulz

Won an auction on Twitter bidding 1.2M sats for a limited edition swedetoshi Honey Badger finger board.

Someday you will look at this thing and say "I could have bought a Lambo for that."

And you will be cool with this. At which point you will experience total bodhi

[Elwar]

This dude almost had the same idea as me.

I was going to fart into a jar and sell it as an NFT.

https://nypost.com/2021/03/18/nyc-man-sells-fart-for-85-cashing-in-on-nft-craze/

[lightfoot]

With only 100 BTC, you'll be very okay in the future, but you won't be a god. Remember, there are other gigachads who never died and have thousands of BTC, not to mention maybe the corporations that never sold are now masters of the other planets or something.

Sure, but if bitcoin isn't worth much they won't bother to wake me up. I can deal with that.

you: What year is it?
mad scientist that woke you up: oh, it's about a few thousand years since you died, does the year matter? gimme my 1 bitcoin, it's worth $100 billion today. Enough for me to buy a week's worth of bread. After you, I have a bunch of dead bitcoiners to wake up too, you're the 200th one, don't worry.

Possible, but unlikely. With only 21m bitcoins ever it's going to be worth more than a loaf of bread. And if the world is that crap-sack I'd just say "well, kill me" and go on to the next life or whatever.

Really, there aren't many ways to lose (Ok, they could put your brain in a vat and torture you to give it up, but once again that's not a crap sack universe I want to live in anyway).

[macson]

snip

A few days ago, India once again announced a Bitcoin ban. Trading and possession of cryptocurrencies is punishable by up to 10 years in prison. Owners of cryptocurrencies have 6 months to get rid of them.

And what does the arch-enemy Pakistan do? Builds two mining farms

these two countries are like little children at war....the thing that India likes most is that Pakistan hates the most and vice versa

This dude almost had the same idea as me.

I was going to fart into a jar and sell it as an NFT.

https://nypost.com/2021/03/18/nyc-man-sells-fart-for-85-cashing-in-on-nft-craze/

You'll be listed in the guinness record books as the "most valuable fart" sold through the NFT "lol"

[Biodom]

<snip>n a few years even holding 0.1BTC will be hard to achieve for newcomers. In fact, most people probably cannot achieve THAT without enormous saving effort already.
100BTC holders will live like kings, no doubt.

Considering that there are about 10-15K people with more than 100 BTC, it is unlikely that they will live like kings (not enough kingdoms, lol).
If btc 'consumes' a large swath of fiat, it would probably be the equivalent of $500 mil, give or take.

[Heater]

8+ years later I'm retired with a close to double-digit $million fortune. What an incredible experience it's been. Traded so many shitcoins I thought I would end up broke.

Congrats to everyone who made it.

Congrats. You should be able to live the rest of your life very comfortably even if nothing else happens from now. $5m invested in "safe" investments will return at least $200k per year on 4%. Your double digit fortune should probably and likely will triple or more in the years to come, if they are still in bitcoin.

I see people mention such high interest rate figures here but nothing seems "safe" to me except for perhaps a property portfolio and protected banks only pay 0.5% if you are lucky.

4% is the oft-considered SWR or Safe Withdrawal Rate. It's based on a study by some folks from Trinity University studying stock market returns and backtesting them over 30 year periods. They used historical data from 1926-2009 and tested various rolling periods (i.e. for 30-year retirements, they tested 1926-1955, 1927-1958, 1928-1957,…,1980-2009).

Basically, the 4% applies to a 60/40 equities/bonds ratio portfolio, typically the S&P 500 or the Total Stock Market Funds and bonds, typically all US. Some do global or international.

Here is a favorite calculator to play with: https://firecalc.com/

The default values there imply a 95% success rate starting with $750k and withdrawing $30k per year for 30 years.

Thanks for providing that link.

Interestingly if you go to the "My Portfolio" tab and enter :"A portfolio with consistent growth of 200%" which is the historical BTC CAGR according to https://cointelegraph.com/news/bitcoin-s-compound-annual-growth-is-an-unheard-of-200-cagr, then anyone with a few BTC can retire right now ... 

[BobLawblaw]

Saw the price starting to waver, and set up another batch of orders. Bought dip @ $57.5k, $57k, and $56.5k - Set up all the way down to $55k for now.

[smartcomet]

https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000517378/The_Future_of_Payments:_Series_2_Part_III__Bitcoin.PDF?&ZBKZvXhlwOwDHszzni0c4c4lhWQqzp2TrINYh/K18Do=&&realload=HPWqa9R0~7I9Mi5iAIrstKeMZycQmN60Z075XXWzwUfplpsSHzJYOkyrHVTu6KENvieUZKue6WAgeYWZAppf4Q==

https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000516270/The_Future_of_Payments_Series_2_-_Part_II__When_di.PDF?undefined&realload=4Un6Dsqg~Gf7ag9kHECBhMfPqfsTVFXx0CV~ZcoPzQIJQ7Pcm/fEqhaIZ6qo5GeqYxrUXY~eph09ZeQyO1euHQ==

The Future of Payments: Series 2
Part II. When digital currencies become mainstream.pdf
Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-Fulfilling Prophecy?.pdf

TDLR

Facebook plans to launch Libra 2.0 in early 2021. Facebook’s strategy has shifted toward more
emphasis on cheapening payments. Libra has tweaked its plan by “offering single-currency stablecoins in addition to the multicurrency coin.”

Medium             Transactions per second
China CBDC      300000
Facebook Libra  80000
Visa                  65000
Mastercard        45000
Ripple               1700
Bitcoin               7

a CBDC has a high potential to disintermediate the banking system.People might choose to hold their money directly at the central bank. Obviously, this would disrupt legacy bank franchises and impact financial stability. Credit card volumes, interchange fees, payment transaction fees, and deposit interest margins could be seriously affected. This would shake the current two-tier system

...
Bitcoin’s market cap of $1 trillion, and scope for a continued rise in prices, makes it too important to ignore.

[BitcoinBunny]

Why are some Bitcoiners getting bent out of shape about this?  Just because NFTs run on generalized smart-contract chains,⁰ which Bitcoin is not?

To put it simply: in the crypto community, there seems to be this prevalent attitude that anything and everything crypto-born is absolutely fucking awesome and will change the world.

Well guess what, there was something absolutely fucking awesome created, one thing, and that was Bitcoin. It actually solved a problem with money that absolutely needed solving. And it will change the world.

Everything else is either a solution looking for a problem that doesn't exist, or isn't really a problem. 99.99% are just complete, straight up shitcoin scams.

NFTs are just the latest iteration of crypto scam-straction. They solve nothing that actually is a problem or needs fixing. They will eventually be relegated to the dustbin of history, along with shitcoins, ICOs, etc.

Was going to Google this NFT shite that I saw here constantly, no idea what it means, but thanks for explaining so I don't have to bother.

[sirazimuth]

This dude almost had the same idea as me.

I was going to fart into a jar and sell it as an NFT.

You could do that, if you marketed it as Seastead Guy's Fart in a Bottle. It's all about marketing.

What I would do is make it more of a mystery where you are purchasing one of Seastead Guy's Bitcoin Bottles, but you don't know whether it contains a message of hope or a digital fart until after you purchase and open it.

This reminds me of the time back in my early childhood, when my brother placed a quarter in a jar, then
clandestinely farted in the jar (unbeknownst to me), and put the lid on.
He then handed me the jar and bet me the quarter I couldn’t get the lid off and read the year of the coin on bottom of jar in under ten seconds.
I ended up with the lousy quarter and a face full of fecal fragrant flatulence.
My brother, otoh, got a good laugh.   Stinky bastard.....

[nullius]

Must avoid false confirmation:

Option for “slacks”?  What is this cross-dressing transvestite shit?  You modern liberals are disgusting.

The mother is always the greatest influence on the development of a child’s character.

That’s not feminist stuff.  Even Napoleon said so; and he was so much not-a-feminist that he banned women from wearing pants in public within the city of Paris, on pain of arrest by the police.  (That law was repealed in 2013, when feminists realized it was still on the books and screamed bloody murder.  Napoleon’s own mother, by the way, was of such a famously forceful character that Nietzsche later cited her as an example of “the most powerful and influential women in the world” (Beyond Good and Evil, Aphorism 239).  And she raised a son who conquered the Continent...)