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

[JayJuanGee]

The Pi Cycle Top Indicator makes me worry too much. We are crossing it any day now. And it precisely predicted all market tops so far.

Whats your thoughts? This time is different? One possibility is we will have a double top like in 2013. Thats what I am expecting. A bullrun in April, Crash and sideways through summer. Parabolic end of the year.

https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

And, March was such a terrible month, too...

Get a fucking grip peeps.. over nonsense theories... and figure out ways to accumulate and HODL long term rather than getting caught up in phoney baloney ideas.. reminds me of Jupiter9.. where is that dipwit with his dumbass global bodies ideas?  Probably whining some place without coins or a way too insignificant number of coins because he was buying into make believe shit rather than pursuing sound and prudent accumulation and HODL strategies.

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[Elwar]

Along the lines of the NFTs, my dad registered a star for the family about 20 years ago. Guess how many billions of dollars that's worth now.

NFTs are pretty much the same thing. There are several private star registries. Sure, you can't own your favorite star in one registry so you can just go to the next registry and register it. Or you can create your own registry and own all of them. Same thing with NFTs. Someone can buy Elon Musk's first tweet on X blockchain and nobody on that blockchain can own that tweet. But they can go onto Y blockchain and buy that tweet. It's all a matter of consensus and wether or not people will all deem one blockchain as the place where the true NFTs reside. Otherwise will be many different ones and it will all become useless.

Most things in society are about consensus. That article a few pages back about yuppy elite business majors not understanding Bitcoin doesn't make sense to me. My thought about accountants and business majors all downplaying Bitcoin is the fact that they don't understand consensus. They are trying to dictate consensus. Even if they all think it's just Beanie Babies and there's no real value to it, would not the smart accountant see the Beanie Baby craze early on and understand that humans being what they are will start buying these things at a fast pace and try to profit from the window of opportunity that exists? My accountant poo pooed my support of Bitcoin back in 2010 as "a virtual currency backed by nothing? no thank you".

I learned during the dotcom boom about the difference between something that is superior vs something that people want. I was doing modeling and simulations of communications protocols. I was to compare these two protocols to determine which was the better routing protocol. I spent weeks constructing the models and simulating different scenarios and running the protocols through their paces. I determined that one was far superior. That was my first foray into investing, I put about $1000 into the company that had come up with the superior protocol figuring that once people realise how far superior it is in distributing data that the company would take off and I'd make a bit of money.

The reality is that the inferior protocol was adopted for whatever reason and I watched as my $1000 investment crashed to a few dollars that I pulled out about 2 years later.

So these accountants think that they know everything about money and believe that the dollar is far superior to Bitcoin so they believe that there is no way that the dollar would lose to Bitcoin. But the smart accountants should realise that it is the consensus of people and the choice of what people will use as their currency that matters. If they were truly intelligent they would take into account the large distrust people have of the government that is growing by the day, they'd see how the dollar is becoming shit, even if their religion tells them it is for the greater good, they'd see that this is a technology that people are very interested in and are starting to trust more than their government currency. If an accountant cannot see these externalities and just compares dollar to bitcoin, then they aren't that smart are they?

As far as NFTs, ICOs, etc. while the underlying premise may be wrong or flawed, if there is consensus behind something then it will certainly gain in value. I remember telling my brother to stay away from Ethereum when it was under $2. I still don't recommend ETH but I would have never guessed that it would have come this far back then.

[Parazyd]

Low quality homemade meme warning

Full story (low budget version)

Good work!

[Biodom]

Along the lines of the NFTs, my dad registered a star for the family about 20 years ago. Guess how many billions of dollars that's worth now.

The problem with the stars is that they are currently unreachable.
Interestingly, such star purchase is described in the "Death end"-the 3rd book of the Liu Cixin trilogy.
The story auction (in the future) was 'official', but value relatively low because it was just a star.
Then, after it turned out....read the book  

re bitcoin vs dollar..there are many much weaker currencies that would probably be hit first, way before the dollar, see turkish lira, nigerian naira and argentinian peso.
Between just these three, it is 328 mil people, exactly the size of the whole US population.

[Elwar]

Along the lines of the NFTs, my dad registered a star for the family about 20 years ago. Guess how many billions of dollars that's worth now.

The problem with the stars is that they are currently unreachable.
Interestingly, such star purchase is described in the "Death end"-the 3rd book of the Liu Cixin trilogy.
The auction (in the future) was 'official', but value lelatively low because it was just a star.
Then, after it turned out....read the book  

I'm pretty sure the star registry ensures that if humans ever travel to that solar system that my family has full ownership of any light coming from that sun and everyone will need to pay us for access.

[BitcoinGirl.Club]

Good morning WO brothers!
Observing @ $59.3K!!!

[Torque]

Along the lines of the NFTs, my dad registered a star for the family about 20 years ago. Guess how many billions of dollars that's worth now.

The problem with the stars is that they are currently unreachable.
Interestingly, such star purchase is described in the "Death end"-the 3rd book of the Liu Cixin trilogy.
The auction (in the future) was 'official', but value lelatively low because it was just a star.
Then, after it turned out....read the book  

I'm pretty sure the star registry ensures that if humans ever travel to that solar system that my family has full ownership of any light coming from that sun and everyone will need to pay us for access.

Sorry Elwar, you weren't quick enough. I just sold an NFT to your family star about 5 minutes ago. The new owner owns it now, not you.

Also just sold an NFT for a Chinese satellite. Fuck you, China!

[Icygreen]

NFT's highlight the fact that there's a shit-ton of capital looking for a new home.  It's good for BTC and they'll all find their way home eventually.  

[OutOfMemory]

NFT's highlight the fact that there's a shit-ton of capital looking for a new home.  It's good for BTC and they'll all find their way home eventually.  

In the FOMO bull run of 2021/22 

[LFC_Bitcoin]

@redrumeight
Just connected to the most epic #bitcoin  node 😎
https://twitter.com/redrumeight/status/1377336535100522496?s=21

[ImThour]

BlackRock has disclosed that it has $360k in Bitcoin futures contracts.
https://twitter.com/BTC_Archive/status/1377339282453622784

[Richy_T]

As far as NFTs, ICOs, etc. while the underlying premise may be wrong or flawed, if there is consensus behind something then it will certainly gain in value. I remember telling my brother to stay away from Ethereum when it was under $2. I still don't recommend ETH but I would have never guessed that it would have come this far back then.

The clever thing about Bitcoin is that it was designed that consensus would build around it. There is no mechanism I can see for this in NFTs.

[d_eddie]

BlackRock has disclosed that it has $360k in Bitcoin futures contracts.
https://twitter.com/BTC_Archive/status/1377339282453622784

I hope that means they're long  

[BitcoinBunny]

7pm curfew in France. What the feuck is going on over there?!

edit:
Only just read it's been 6pm. How have people coped with that sort of nonsense?
Personally, I get my shopping in the evening.

[Hhampuz]

7pm curfew in France. What the feuck is going on over there?!

edit:
Only just read it's been 6pm. How have people coped with that sort of nonsense?
Personally, I get my shopping in the evening.

Maybe it's easier to cope if half of your family or your friends family has died from the varus.

[LFC_Bitcoin]

BlackRock has disclosed that it has $360k in Bitcoin futures contracts.
https://twitter.com/BTC_Archive/status/1377339282453622784

Stash for ants

[BitcoinBunny]

7pm curfew in France. What the feuck is going on over there?!

edit:
Only just read it's been 6pm. How have people coped with that sort of nonsense?
Personally, I get my shopping in the evening.

Maybe it's easier to cope if half of your family or your friends family has died from the varus.

Forcing me to shop earlier only means I would have to be in a store at a far busier time, but whatever.

[d_eddie]

The idea is keeping them from their aperitifs, I think.

[Wekkel]

This is the kind of message I like: https://twitter.com/wclementeiii/status/1377311627247296515?s=21

Hodl on to your hats 

[El duderino_]

Please sir, can BTC go back to $60K?


Not tonight, mate.