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

[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...)

[Phil_S]

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 ...  

I don't know how they arrivied at that crazy 200% estimate... Probably included irrelevant early years.

It's more like 100%. It approximately doubles every year. Not triples.

[Karartma1]

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.

You are the man, bro.

Glad my monthly buy for March was filled around 49K.

My rule is: set a day, set a price, buy and forget.

Until necessary.

[bitcoinPsycho]

[machasm]

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.

Nice one Bob.
Keep hodling the line for us bulls.
Out of FIAT at the moment but did a modest buy around a week ago.

[Arriemoller]

Price going up yo!

[philipma1957]

I was reviewing my PayPal btc purchases and paper profits.

wife's account >>>>>>   $257.56  is now $467.25
my personal account >>  $125.00 is now  $444.55  
my business account >>  $730.02 is now  $1364.55

totals >>>>>>>>>>> $1112.58 is now  $2276.35


The plan was to never cash these just add to them now and then.
So far no coins are cashed out.
I know no keys not your coins.
I have other wallets with keys.
This was simply a mainstream investment. Starting in Oct of 2020 and  using various deposit amount at various times.
Not bad for simply supporting a mainstream BTC investment.


first buy was below

So here goes.

[Arriemoller]

Going down again yo!

[Arriemoller]

Seems like 60k is the new 9000.

And, no, no fracking vegeta memes!

[philipma1957]

No worries sideways simply make a wider base

look at this picture below.

                                                                                                                       Bitflyer/
     BitStamp USD/BTC           CoinFloor GBP/BTC           Kraken EUR/BTC              Kraken CAD/BTC             CoinCheck JPY/BTC
 ------------------------    -----------------------    -----------------------    -----------------------    --------------------------
   1  2021-03-14  60,429  |   1  2021-03-14  43,393  |   1  2021-03-14  50,051  |   1  2021-03-14  75,149  |   1  2021-03-14  6,587,252
   2  2021-03-13  59,670  |   2  2021-03-13  42,582  |   2  2021-03-13  49,242  |   2  2021-03-13  73,928  |   2  2021-03-13  6,426,156
   3  2021-03-18  58,585  |   3  2021-03-18  41,900  |   3  2021-03-18  49,110  |   3  2021-03-18  72,910  |   3  2021-03-18  6,385,655
   4  2021-02-21  57,157  |   4  2021-03-15  40,879  |   4  2021-03-15  47,739  |   4  2021-02-21  72,036  |   4  2021-03-15  6,280,106
   5  2021-03-15  57,136  |   5  2021-02-21  40,712  |   5  2021-03-12  47,450  |   5  2021-03-15  71,301  |   5  2021-03-12  6,179,428
   6  2021-03-12  56,711  |   6  2021-03-12  40,701  |   6  2021-02-21  47,241  |   6  2021-03-12  71,114  |   6  2021-03-17  6,142,517
   7  2021-03-11  56,338  |   7  2021-03-11  40,558  |   7  2021-03-17  47,187  |   7  2021-02-20  71,053  |   7  2021-03-11  6,090,744
   8  2021-02-20  56,335  |   8  2021-03-10  40,235  |   8  2021-03-11  47,087  |   8  2021-03-11  70,901  |   8  2021-02-21  6,024,822
   9  2021-03-17  56,333  |   9  2021-02-20  40,183  |   9  2021-03-10  46,739  |   9  2021-03-10  70,417  |   9  2021-03-16  6,021,222
  10  2021-03-10  55,654  |  10  2021-03-17  40,003  |  10  2021-03-16  46,331  |  10  2021-03-17  70,321  |  10  2021-03-10  5,992,742
  11  2021-03-16  55,052  |  11  2021-03-16  39,558  |  11  2021-02-20  46,287  |  11  2021-03-16  68,931  |  11  2021-02-20  5,941,208
  12  2021-03-09  53,979  |  12  2021-03-09  38,962  |  12  2021-03-09  45,389  |  12  2021-03-09  68,394  |  12  2021-03-09  5,853,390
  13  2021-02-19  53,880  |  13  2021-02-19  38,566  |  13  2021-02-19  44,248  |  13  2021-02-19  67,835  |  13  2021-02-22  5,706,591
  14  2021-02-22  53,588  |  14  2021-02-22  37,343  |  14  2021-02-22  44,138  |  14  2021-02-22  67,397  |  14  2021-02-19  5,645,508
  15  2021-02-18  51,850  |  15  2021-02-18  37,093  |  15  2021-02-18  42,953  |  15  2021-02-18  65,998  |  15  2021-03-08  5,507,543
  16  2021-02-17  51,000  |  16  2021-02-17  36,970  |  16  2021-03-08  42,813  |  16  2021-02-17  64,933  |  16  2021-02-18  5,486,951
  17  2021-03-03  50,862  |  17  2021-03-03  36,557  |  17  2021-03-07  42,294  |  17  2021-03-08  64,726  |  17  2021-03-07  5,432,430
  18  2021-03-08  50,856  |  18  2021-03-08  36,537  |  18  2021-02-17  42,294  |  18  2021-03-07  64,204  |  18  2021-03-03  5,429,924
  19  2021-03-07  50,422  |  19  2021-03-07  36,432  |  19  2021-03-03  42,089  |  19  2021-03-03  64,103  |  19  2021-02-17  5,382,070
  20  2021-02-24  49,869  |  20  2021-03-04  35,343  |  20  2021-02-24  41,179  |  20  2021-03-04  62,826  |  20  2021-03-04  5,315,309
  21  2021-02-25  49,832  |  21  2021-02-14  35,325  |  21  2021-03-04  41,141  |  21  2021-02-25  62,502  |  21  2021-02-25  5,306,506
  22  2021-03-04  49,267  |  22  2021-02-25  35,139  |  22  2021-02-25  40,886  |  22  2021-02-24  62,495  |  22  2021-02-24  5,279,242
  23  2021-02-16  48,997  |  23  2021-02-16  35,036  |  23  2021-03-06  40,599  |  23  2021-02-14  62,046  |  23  2021-03-06  5,229,464
  24  2021-02-14  48,746  |  24  2021-03-06  34,867  |  24  2021-02-16  40,445  |  24  2021-02-16  61,955  |  24  2021-03-02  5,206,059
  25  2021-03-02  48,588  |  25  2021-03-02  34,819  |  25  2021-03-02  40,389  |  25  2021-03-02  61,528  |  25  2021-03-05  5,167,361
  26  2021-02-23  48,392  |  26  2021-02-24  34,781  |  26  2021-02-14  40,324  |  26  2021-03-06  61,520  |  26  2021-02-16  5,162,652
  27  2021-03-06  48,292  |  27  2021-02-23  34,600  |  27  2021-03-05  39,947  |  27  2021-03-01  60,896  |  27  2021-02-23  5,117,477
  28  2021-03-01  47,992  |  28  2021-03-05  34,559  |  28  2021-03-01  39,672  |  28  2021-03-05  60,815  |  28  2021-02-14  5,102,687
  29  2021-03-05  47,653  |  29  2021-02-12  34,454  |  29  2021-02-23  39,664  |  29  2021-02-23  60,712  |  29  2021-03-01  5,058,139
  30  2021-02-12  47,548  |  30  2021-02-15  34,390  |  30  2021-02-15  39,350  |  30  2021-02-12  60,686  |  30  2021-02-27  5,020,172
  31  2021-02-15  47,515  |  31  2021-03-01  34,348  |  31  2021-02-12  39,318  |  31  2021-02-15  60,532  |  31  2021-02-15  5,007,391
  32  2021-02-13  47,122  |  32  2021-02-13  34,184  |  32  2021-02-13  39,068  |  32  2021-02-13  60,301  |  32  2021-02-12  4,993,437
  33  2021-02-27  46,952  |  33  2021-02-11  34,035  |  33  2021-02-27  39,005  |  33  2021-02-27  60,052  |  33  2021-02-13  4,974,107
  34  2021-02-11  46,872  |  34  2021-02-09  33,771  |  34  2021-02-11  38,664  |  34  2021-02-11  59,824  |  34  2021-02-26  4,944,229
  35  2021-02-09  46,705  |  35  2021-02-27  33,562  |  35  2021-02-09  38,627  |  35  2021-02-09  59,095  |  35  2021-02-09  4,889,502
  36  2021-02-26  46,464  |  36  2021-02-26  33,439  |  36  2021-02-26  38,342  |  36  2021-02-26  59,066  |  36  2021-02-11  4,879,658
  37  2021-02-10  45,554  |  37  2021-02-10  32,882  |  37  2021-02-10  37,629  |  37  2021-02-10  57,583  |  37  2021-02-10  4,789,692
  38  2021-02-28  44,551  |  38  2021-02-28  32,069  |  38  2021-02-28  36,994  |  38  2021-02-28  56,824  |  38  2021-02-28  4,754,161
  39  2021-02-08  43,069  |  39  2021-02-08  31,367  |  39  2021-02-08  35,596  |  39  2021-02-08  54,955  |  39  2021-02-08  4,442,800
  40  2021-01-09  40,348  |  40  2021-01-09  29,772  |  40  2021-02-06  33,057  |  40  2021-01-09  50,984  |  40  2021-01-09  4,189,918
  41  2021-01-08  39,991  |  41  2021-01-08  29,727  |  41  2021-01-09  32,844  |  41  2021-02-06  50,653  |  41  2021-02-06  4,171,680
  42  2021-02-06  39,835  |  42  2021-02-06  29,056  |  42  2021-01-08  32,672  |  42  2021-01-08  49,929  |  42  2021-01-08  4,123,916
  43  2021-01-14  38,606  |  43  2021-01-14  28,497  |  43  2021-02-07  32,094  |  43  2021-01-14  49,229  |  43  2021-02-07  4,075,827
  44  2021-02-07  38,571  |  44  2021-01-07  28,351  |  44  2021-01-14  31,840  |  44  2021-02-07  49,117  |  44  2021-01-10  4,071,622
  45  2021-01-10  38,553  |  45  2021-01-10  28,256  |  45  2021-02-05  31,422  |  45  2021-01-10  48,796  |  45  2021-01-14  4,003,206
  46  2021-01-07  38,299  |  46  2021-02-07  28,094  |  46  2021-02-04  31,274  |  46  2021-02-05  48,160  |  46  2021-02-05  3,972,736
  47  2021-02-05  37,729  |  47  2021-02-05  27,589  |  47  2021-01-07  30,967  |  47  2021-02-04  47,914  |  47  2021-02-04  3,943,049
  48  2021-02-04  37,458  |  48  2021-02-04  27,472  |  48  2021-01-10  30,814  |  48  2021-02-03  46,962  |  48  2021-01-07  3,940,384
  49  2021-01-19  36,921  |  49  2021-01-19  27,115  |  49  2021-01-16  30,544  |  49  2021-01-16  46,912  |  49  2021-01-15  3,854,972
  50  2021-01-15  36,803  |  50  2021-01-16  27,040  |  50  2021-01-19  30,490  |  50  2021-01-15  46,845  |  50  2021-01-19  3,835,782
  51  2021-01-16  36,797  |  51  2021-02-03  26,885  |  51  2021-01-15  30,451  |  51  2021-01-07  46,824  |  51  2021-01-16  3,827,147
  52  2021-02-03  36,640  |  52  2021-01-18  26,816  |  52  2021-02-03  30,404  |  52  2021-01-19  46,766  |  52  2021-02-03  3,816,459
  53  2021-01-18  36,132  |  53  2021-01-15  26,799  |  53  2021-01-18  29,906  |  53  2021-01-18  46,224  |  53  2021-01-18  3,751,618
  54  2021-01-29  35,574  |  54  2021-01-17  26,104  |  54  2021-01-17  29,308  |  54  2021-01-17  45,623  |  54  2021-01-29  3,710,865
  55  2021-01-17  35,389  |  55  2021-01-29  26,094  |  55  2021-01-29  29,288  |  55  2021-01-29  45,428  |  55  2021-01-17  3,677,563
  56  2021-01-06  34,979  |  56  2021-01-13  25,864  |  56  2021-02-02  29,013  |  56  2021-01-13  45,194  |  56  2021-01-20  3,638,207
  57  2021-01-20  34,861  |  57  2021-01-06  25,727  |  57  2021-01-13  28,893  |  57  2021-02-02  44,658  |  57  2021-02-02  3,618,369
  58  2021-02-02  34,861  |  58  2021-01-20  25,549  |  58  2021-01-20  28,855  |  58  2021-01-12  44,340  |  58  2021-01-12  3,610,230
  59  2021-01-12  34,778  |  59  2021-02-02  25,518  |  59  2021-01-12  28,588  |  59  2021-01-20  44,278  |  59  2021-01-13  3,589,117
  60  2021-01-13  34,751  |  60  2021-01-12  25,078  |  60  2021-01-06  28,416  |  60  2021-01-30  43,629  |  60  2021-01-06  3,587,351
  61  2021-01-30  33,988  |  61  2021-01-30  24,738  |  61  2021-01-30  28,051  |  61  2021-02-01  43,109  |  61  2021-01-30  3,551,718
  62  2021-02-01  33,790  |  62  2021-01-03  24,548  |  62  2021-02-01  27,962  |  62  2021-01-31  42,705  |  62  2021-01-11  3,521,604
  63  2021-01-11  33,575  |  63  2021-01-25  24,363  |  63  2021-01-25  27,603  |  63  2021-01-25  42,333  |  63  2021-02-01  3,511,602
  64  2021-01-25  33,485  |  64  2021-01-11  24,327  |  64  2021-01-11  27,453  |  64  2021-01-11  42,223  |  64  2021-01-31  3,493,845
  65  2021-01-03  33,463  |  65  2021-02-01  24,286  |  65  2021-01-31  27,403  |  65  2021-01-06  41,789  |  65  2021-01-25  3,468,615
  66  2021-01-31  33,299  |  66  2021-01-31  24,222  |  66  2021-01-21  26,678  |  66  2021-01-28  41,173  |  66  2021-01-03  3,457,542
  67  2021-01-05  32,341  |  67  2021-01-05  23,716  |  67  2021-01-23  26,582  |  67  2021-01-23  41,137  |  67  2021-01-21  3,363,063
  68  2021-01-23  32,331  |  68  2021-01-28  23,447  |  68  2021-01-03  26,548  |  68  2021-01-26  40,734  |  68  2021-01-23  3,359,913
  69  2021-01-21  32,321  |  69  2021-01-21  23,380  |  69  2021-01-05  26,417  |  69  2021-01-24  40,553  |  69  2021-01-24  3,355,909
  70  2021-01-24  32,091  |  70  2021-01-26  23,362  |  70  2021-01-28  26,354  |  70  2021-01-21  40,384  |  70  2021-01-28  3,325,020
  71  2021-01-26  31,995  |  71  2021-01-23  23,349  |  71  2021-01-24  26,340  |  71  2021-01-05  39,706  |  71  2021-01-26  3,313,775
  72  2021-01-28  31,973  |  72  2021-01-24  23,319  |  72  2021-01-26  26,272  |  72  2021-01-27  39,583  |  72  2021-01-05  3,288,363
  73  2021-01-22  31,363  |  73  2021-01-22  22,953  |  73  2021-01-22  25,923  |  73  2021-01-22  39,391  |  73  2021-01-22  3,240,591
  74  2021-01-02  31,348  |  74  2021-01-02  22,890  |  74  2021-01-27  25,391  |  74  2021-01-03  39,297  |  74  2021-01-04  3,211,787
  75  2021-01-04  31,099  |  75  2021-01-04  22,545  |  75  2021-01-02  25,248  |  75  2021-01-04  38,339  |  75  2021-01-27  3,211,295
  76  2021-01-27  30,809  |  76  2021-01-27  22,351  |  76  2021-01-04  24,961  |  76  2021-01-02  38,298  |  76  2021-01-02  3,190,696
  77  2021-01-01  29,279  |  77  2021-01-01  21,429  |  77  2021-01-01  23,880  |  77  2021-01-01  36,510  |  77  2021-01-01  2,997,708
 



 78  2020-12-31  28,819  |  78  2020-12-31  21,084  |  78  2020-12-31  23,477  |  78  2020-12-31  36,478  |  78  2020-12-31  2,950,316
  79  2020-12-30  28,179 ....

The cut off point  of 29K   just goes further out every day

[shahzadafzal]

[BitcoinBunny]

Mine would be closer to this:

[JimboToronto]

Good morning Bitcoinland.

Still consolidating in preparation for an ATH... currently $58253USD/$72835CAD (Bitcoinaverage).

Hopefully this won't last long. I'm about halfway through buying enough dollars to pay for our lake. I'm DCAing but a nice price boost would be welcome.

Go Bitcoin go.

Seems like 60k is the new 9000.

And, no, no fracking vegeta memes!

 

For what? A week now?

$9k lasted several months.

Vegeta memes? Ancient history. I'm more worried about 56k modem memes.

Personally I'm looking forward to the Woodrow memes:

[Dabs]

Bank of New York Mellon Invests in Crypto Startup.

Bank of New York Mellon Corp is investing in a cryptocurrency startup, the latest move by a traditional Wall Street player to embrace digital assets.

The startup, Fireblocks, builds tools for the secure storage and transfer of bitcoin and other cryptocurrencies. BNY Mellon plans to use Fireblocks’s technology to underpin a new business that the bank unveiled last month, in which it plans to serve as a custodian for digital assets on behalf of institutional investors.

Doesn't sound appealing, what they actually mean by "custodian for digital assets".

 Probably just a re-branded core wallet on air-gapped machines sold for 20X over cost.

I just did something similar but used a brand new Amazon Fire 7 tablet, factory reset it and took out everything else, disabled all other apps using Fire Toolbox, and sideloaded Electrum on it. Encrypted it too.

Fire 7 = about $50 (less if on sale or promotion)
Electrum = free
Time to set up = less than 1 hour.

It works together with a watch-only wallet, I construct the transactions on the desktop wallet, scan the QR code to the Fire tablet, sign the tx, then broadcast it from a phone.

[Arriemoller]

Good morning Bitcoinland.

Still consolidating in preparation for an ATH... currently $58253USD/$72835CAD (Bitcoinaverage).

Hopefully this won't last long. I'm about halfway through buying enough dollars to pay for our lake. I'm DCAing but a nice price boost would be welcome.

Go Bitcoin go.

Seems like 60k is the new 9000.

And, no, no fracking vegeta memes!

 

For what? A week now?

$9k lasted several months.

Vegeta memes? Ancient history. I'm more worried about 56k modem memes.

Personally I'm looking forward to the Woodrow memes:

We have been bouncing between 50k ish and 60k ish for more than a month now.
Zoom out to 30 days and check for yourself.

[Dabs]

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 ...  

That would imply you already have $750k worth of BTC and withdrawing around $30k per year, and as long as the "consistent" growth is above 8% then you'll be okay.

Which kinda makes sense. If you don't have maybe at least 15 BTC (fudge margin error buffer added), and you can't live on $30k per year, don't retire just yet.