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

[shahzadafzal]

Bitcoin is now “too important to ignore” report by Deutsche Bank.

Deutsche Bank's new research report now ranks Bitcoin as the third largest currency in circulation.


https://finance.yahoo.com/news/bitcoin-too-important-ignore-deutsche-171137750.html

In addition to that I would like to add this...

We barely entered the fun zone... real fun begins when market cap of gold will be smashed.

[1713888352]

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[P_Shep]

In addition to that I would like to add this...

We barely entered the fun zone... real fun begins when market cap of gold will be smashed.

Isn't apple 2T now? or got to it a little while ago?

[AlcoHoDL]

Looking at Kraken's depth chart, there is no large sell wall at 50k € like it used to be earlier on in the race. I guess 50k € is not the real reason the price is not increasing. Other factors must be at play... Or just the usual King Daddy sideways break before the next pump. Also, that Stimulus Check inrush into Bitcoin did not really happen. Nothing major, just an ant pump so far. Which is OK, I was not expecting anything bigger. S2F model being confirmed to a tick.

We've waited 3 years. What's another 3 months? Easy! And no, we ain't selling a single sat.

Onwards & upwards!

HoDL.

[OutOfMemory]

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/

Did anybody post this yet? Sorry, I haven't been keeping up, admittedly.

Somebody beat you to the punch Elwar. Think about that, you missed out on $85.

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

edit: scrolling up 3 posts I'm guessing its indeed been posted

Since you posted this arcticle following sirazimuth's reaction to this article, who was following it, you may have bent the line of events into an infinite loop 
Bitcoin going sideways. Good guy 

[OutOfMemory]

Bitcoin is now “too important to ignore” report by Deutsche Bank.

Deutsche Bank's new research report now ranks Bitcoin as the third largest currency in circulation.


https://finance.yahoo.com/news/bitcoin-too-important-ignore-deutsche-171137750.html

In addition to that I would like to add this...

We barely entered the fun zone... real fun begins when market cap of gold will be smashed.

It sunk in that Apple made 1/86th of the world's money by selling overpriced crap.
We're a very special species, aren't we? 

[Phil_S]

@100trillionUSD
BTC price tracking Stock-to-Flow model like a train 🎯
https://twitter.com/100trillionusd/status/1372922421200699394?s=21

Train! We sure like them!

[vapourminer]

Bitcoin is now “too important to ignore” report by Deutsche Bank.

Deutsche Bank's new research report now ranks Bitcoin as the third largest currency in circulation.

In addition to that I would like to add this...

We barely entered the fun zone... real fun begins when market cap of gold will be smashed.

[...]

It sunk in that Apple made 1/86th of the world's money by selling overpriced crap.
We're a very special species, aren't we? 

check my maths and sciences as ive not had enough coffee and assorted drugs kick in yet in but at a trillion dollar market cap and the blockchain at 360ish gigs isnt that like $2,778 USD per byte on the chain?

maybe proudhon should check that with his (her?) superior maths and sciences brainpower?

edit prolly messed the quotes up, sorry

[shahzadafzal]

Not good at designing but I tried to represent the bouncing situation here
https://i.imgur.com/yw58N5T.mp4

But ever upwards even after the three falls down.😊

Corrected it

https://i.imgur.com/Rgo1gDU.mp4

[OutOfMemory]

Bitcoin is now “too important to ignore” report by Deutsche Bank.

Deutsche Bank's new research report now ranks Bitcoin as the third largest currency in circulation.

In addition to that I would like to add this...

We barely entered the fun zone... real fun begins when market cap of gold will be smashed.

[...]

It sunk in that Apple made 1/86th of the world's money by selling overpriced crap.
We're a very special species, aren't we?  

check my maths and sciences as ive not had enough coffee and assorted drugs kick in yet in but at a trillion dollar market cap and the blockchain at 360ish gigs isnt that like $2,778 USD per byte on the chain?

EDIT: If you're bored AF and up for a new challenge, set your OS to flip your display (upside down, or left to right, or both if you want to get into the danger zone) 

maybe proudhon should check that with his (her?) superior maths and sciences brainpower?

edit prolly messed the quotes up, sorry

We already identified proudhon's science and math mistakte, he simply held the chart upside down  

[El duderino_]

https://twitter.com/100trillionusd/status/1372945336277331970?s=21

[OutOfMemory]

Debunk Bitcoin waste of energy FUD: checked  

That's indeed the only thing i still debate with in the face of nocoiners.

[heslo]

Debunk Bitcoin waste of energy FUD: checked  

That's indeed the only thing i still debate with in the face of nocoiners.

You'll always be debating something with nocoiners. They need to feel right about making the wrong choice and being left behind, there's always some criticism, some bad take that they'll have so they can sleep at night; but bitcoin don't care

[somac.]

bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.

[AlcoHoDL]

Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill they can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

[vroom]

bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.

[shahzadafzal]

Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill the can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

Wow I thought I’m alone in this... trust me I used to sit down with pen and paper to explain this to my seniors and peers. And most of the time it would end like “oh that’s a big bubble”...or “I didn’t get it, prove to me how Bitcoin is worth $6,000”.... “there are only 21 million bitcoins, that’s not how money works”.... and most of the time usually will stop here when they will hear “yes uncle, you need internet all the time”.

I just keep everything to myself or put it here on WO

[friends1980]

https://twitter.com/100trillionusd/status/1372945336277331970?s=21

Important message also: honey badger don't give a shit.

Honey badger's government invented more taxes under the pretense of compensating energy issues. Therefore, honey badger, being a law- and tax-abiding citizen, has a clean conscience ever since.

Thank you government.

Keep mining.

[strawbs]

Yesterday, a neighbour asked me if I know anything about "cryptocurrencies". A couple of years ago I would jump at the opportunity to explain to him all about it, teach him how to set up a wallet, open a Kraken account, etc. Now, I just replied "I've been reading about it, seems to be a thing. Don't know much more than that though, sorry..."

Can't be bothered anymore. It's the same old story, the more others know about you and what you can do, the more work and trouble will fall on you, because, in the end, it comes down to human nature. Everyone's looking for a free lunch, a pill the can swallow and suddenly solve their lives' problems. Well, I say "fuck you, get on your bike and work for it."

Wow I thought I’m alone in this... trust me I used to sit down with pen and paper to explain this to my seniors and peers. And most of the time it would end like “oh that’s a big bubble”...or “I didn’t get it, prove to me how Bitcoin is worth $6,000”.... “there are only 21 million bitcoins, that’s not how money works”.... and most of the time usually will stop here when they will hear “yes uncle, you need internet all the time”.

I just keep everything to myself or put it here on WO

Yup, I've definitely stopped tying to explain btc to anyone these days. It's not as if there isn't enough info on the interweb now for anbody with sufficient motivation to go and find out for themselves.

I introduced several friends to bitcoin in 2013. One invested almost immediately and hodled for a few years, cashing out most of their stash near the 2017 top. They made a tidy sum but their stash is now very small and they've largely missed out on this run.  Another friend left it far too late to buy in, and did so near the 2017 top and also bought a load of shitcoins because they "couldn't afford bitcoin".   They then panic sold everything during the following bear market and made a huge loss. The other day I was disheartened to hear that the same person is now buying shitcoins again. They did at least admit that they should have listened to me properly in 2013.

So I feel like I was half successful with the first friend and completely unsuccessful with the second friend, even though the info I explained to them was identical. So my conclusion was that some people are just not ready for this and I can spend my time in better ways.

As the old saying goes, "you can lead a horse to water but you can't make it drink."

Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.

Anyone else in the same boat?

[ivomm]

bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.

It looks like some guy market bought by mistake 150BTC, then realizing his 'mistake' he market sold incurring a loss of appr. $300K.



And that's in essence how the daily trading works  

[somac.]

bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.

It looks like some guy market bought by mistake 150BTC, then realizing his 'mistake' he market sold incurring a loss of appr. $300K.



And that's in essence how the daily trading works  

Looks exactly like that, pretty odd.