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

[Richy_T]

It is a serious public health challenge.  It has overloaded the healthcare systems in areas that have suffered strong surges.  And many of the governments of the world (and in my country states) have made choices on how to deal with it that range from draconian to flippant.  But I personally think we have been tilted WAY to the draconian side.

The vaccine *is* new tech, and rolled out without nearly as much testing as it would normally get.  It *could* have downstream effects we have not anticipated.  I also think mRNA treatments might be the basis for cures of many other diseases we have been trying to eliminate for decades.  Also, not everyone needs it.

Basically sums up my position too.

[1714101708]

1714101708

[Richy_T]

Considering Bitcoin use on the rise in African culture...  who are our Africans here?  Does anyone have data on this?  What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently.  Exchanges for example.  That they are NOT trading into a lower fee crypto to trade in.  (BCH, LTC, DOGE for example).  I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS.

Are we seeing  Gresham's or Their's law playing out there?

From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint.

While I'm not against true second layer solutions*, I would say that in my opinion, custodial solutions such as this are not really trading in Bitcoin but rather trading in Bitcoin promisory notes and is antithetical to the "Not your keys, not your coins" mantra and also to the principles that even SOV proponents endorse.

*Solutions such as LN ensure that at least at some point bitcoins are traded directly between the two parties.

[AlcoHoDL]

^^^ I certainly keep hold of the keys to my life-saving, life-changing stash. Where it matters.

As for my coffee money, I don't care if they are held by someone else that I should have to trust. It's OK, I trust them. And if they steal my coffee money, so be it. I'll switch to another custodian.

Making coffee-sized transactions on-chain is like using a nuclear-bomb-reinforced safe to store your pocket change. I don't want to add that burden to the network.

That's the way I see it, at least...

[cAPSLOCK]

Considering Bitcoin use on the rise in African culture...  who are our Africans here?  Does anyone have data on this?  What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently.  Exchanges for example.  That they are NOT trading into a lower fee crypto to trade in.  (BCH, LTC, DOGE for example).  I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS.

Are we seeing  Gresham's or Their's law playing out there?

From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint.

While I'm not against true second layer solutions*, I would say that in my opinion, custodial solutions such as this are not really trading in Bitcoin but rather trading in Bitcoin promisory notes and is antithetical to the "Not your keys, not your coins" mantra and also to the principles that even SOV proponents endorse.

*Solutions such as LN ensure that at least at some point bitcoins are traded directly between the two parties.

Absolutely agree.  But I don't see base layer BTC used for small to medium p2p business transactions in Africa or anywhere.  But on the other hand trading in alts creates unneeded (and expensive) fiction.  Plus even the big block alts will have the problem of higher fees if they end up being used (ala ETH).

I keep hearing about P2P BTC use in Nigeria.  And I am trying to nail down how they are doing it.  

If they are using BTC transactionally in ANY way then they have solved the fee problem.  How are they solving it?  I do think it will be damn cool if that continent makes it's mark in the 21st century by leading this.

[shahzadafzal]

OK.. just to talk about Bitcoin for a moment...

Considering Bitcoin use on the rise in African culture...  who are our Africans here?  Does anyone have data on this?  What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently.  Exchanges for example.  That they are NOT trading into a lower fee crypto to trade in.  (BCH, LTC, DOGE for example).  I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS.

Are we seeing  Gresham's or Their's law playing out there?

From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint.

Yes that’s surely true and and I read, in Nigeria its booming..

”Nigerians traded nearly $600 million in Bitcoin in the last five years, making the country the second-largest Bitcoin market after the US.”

https://www.dw.com/en/nigeria-cracks-down-on-cryptocurrencies/av-56664198

To me I think people have started believing in Bitcoin more than ever and this is just a start. I hope these poor countries will be first to adopt it officially and get rid of this $ dollar and euro trap once and for all.

It’s so sad how these African nations have been treated for centuries.

[Karartma1]

My job is not well paid even for my poor country, but I have no moral right to quit. This is a dream prestigious position that I worked very hard to get. It requires talking with people mostly about computer technology and Bitcoin for 6 hours ... per week (edit: plus 5 months paid vacation per year). Yes, my bosses are idiots and they try to humiliate me in every possible way. I could become a boss too, but that would mean I have to work 8 hours per day, no thanks! But they have no idea that my wealth is equal to the yearly budget of the whole organization (which has hundreds of employees), so I am quite happy for now and gloat from the inside . But I'm thinking of finding an income on a certain island where for now I intend to spend each Summer. And at some point I can settle permanentrly with the help of the stash I have. Theoretically I could buy a small 200-500m² villa and live without an income for 2 decades, relying only on my BTC stash, but I am afraid to take any risks. Hopefully this dream will become true soon. Hitting 200-300K price target will make the things much easier for sure

Inspiring, I'm not even close to the wealth you mention but I'll keep my job to be able to stack more sats and enjoy my wealth at a later stage. I also like my job and even if my bosses are like yours, I don't care.
I'm doing this until my kids will get older and able to control our own bitcoin wealth

[matt4054]

To me I think people have started believing in Bitcoin more than ever and this is just a start. I hope these poor countries will be first to adopt it officially and get rid of this $ dollar and euro trap once and for all.

It’s so sad how these African nations have been treated for centuries.

Cryptos are a huge opportunity for emerging nations to get access to a level playing field. And once they realize they can leverage cryptos against the world domination of USD, things are going to change even faster than it is right now. They need to focus on the tokenization of their national currency (central bank) and adopt robust exchanges backed by state cautioned financial security, and get the money transfer agencies to embrace the new system. It is really a gift to universal free flow of money.

[degxtra1]

It has killed 17x more people in my country than the worst flu season ever.

Surely must be something else than covid19.

John Ioannidis published 3 weeks ago new research about COV19 mortality rate.  Hmm yes, it;s about severe influenza, so no armagedon, no need for Bill jabs and Klaus S. visions...


All systematic evaluations of seroprevalence data converge that SARS‐CoV‐2 infection is widely spread globally. Acknowledging residual uncertainties, the available evidence suggests average global IFR of ~0.15% and ~1.5‐2.0 billion infections by February 2021 with substantial differences in IFR and in infection spread across continents, countries and locations.

[LFC_Bitcoin]

https://twitter.com/yfx_defi/status/1381605667698540547?s=21

[Farmer Bill]

#16: CENSORSHIP...AND THE COMPLETE ABSENCE OF SCIENTIFIC DEBATE


Nothing  personal to all of you guys hoping vaccination will solve all problems but... if anyone of you @experts@ could trash this piece of work would be highly appreciated .

I was almost ready to get this vaccine but somebody sent me this link yesterday afternoon.
 

https://www.deconstructingconventional.com/post/18-reason-i-won-t-be-getting-a-covid-vaccine

Do your own research and decide either way.

This article is an advertisement to encourage you to subscribe to the website's dubious health program through promoting fear and ignorance.
While the writer has already been vaccinated.
A first grade kid could trash all 18 lame excuses.

If there was an article '18 reasons to ditch Bitcoin' would you sell?
Likely you would research who was behind the article and their motive.
(Like Oh yeah Craig Wright sponsored the article to dis Bitcoin and promote his shitcoin or Big Corporation X wants an in to Bitcoin and needs to get your coins at a cheaper price etc.)

My healthy 32 year old daughter non smoker, organic diet, active outdoor pursuits, caught Covid and spent 8 days in hospital seriously ill. 2 months on she still has some mild symptoms noticeably poor sense of smell and taste plus minor fatigue.

Her ordeal made it an easy decision for me to get vaccinated.

 How did you come to the conclusion that the writer has been vaccinated?  He has not been vaccinated against covid.  If you read the article again, you'll find that the author has been infected with covid and he posts a link to an article that says "Scientists warn vaccinating people who already COVID could potentially cause harm, or even death."

 I'm glad your daughter has recovered, perhaps you should follow that link with an open mind; there is a chance her body could overreact to the vaccine since she's already been infected.

"When a vaccine reactivates an immune response in a recently infected person, the tissues harboring the persisting viral antigen are targeted, inflamed and damaged by the immune response."

 edit: I had severe cat allergies and opted for immunotherapy (weekly injections of cat proteins for several months to retrain my immune system).  While undergoing the therapy, if I was around a person who owned a cat, the injection site was the first place I would feel a reaction.  That area would become swollen, sore and itchy first.

Thanks for your kind words re my daughter and her recovery from Covid19. As she likely has full natural immunity against this particular strain of Covid she says she will not take up the offer of a vaccine if offered one.

I purposely omitted 'probably' from 'While the writer has already been vaccinated' because the guy is a charlatan who would say anything in order to get you sign up and pay. Including prey on peoples genuine concerns and fears about vaccination. Just because he says he's had Covid does not mean it is true - he is selling something.

Of course there are risks, Israel reports 1-3 deaths per million doses from reaction to the Pfizer vaccine. About the same risk as driving 250 miles. But no deaths from Covid amongst the fully vaccinated. Most get a side effect of varying severity, I got a sore arm for a day and a mild headache. I've been in much worse shape after a good night out.

Thanks for sharing the interesting anecdote about your immune therapy treatment. Being in the presence of cats makes my eyes itch, I try to avoid them.

[philipma1957]

#16: CENSORSHIP...AND THE COMPLETE ABSENCE OF SCIENTIFIC DEBATE


Nothing  personal to all of you guys hoping vaccination will solve all problems but... if anyone of you @experts@ could trash this piece of work would be highly appreciated .

I was almost ready to get this vaccine but somebody sent me this link yesterday afternoon.
 

https://www.deconstructingconventional.com/post/18-reason-i-won-t-be-getting-a-covid-vaccine

Do your own research and decide either way.

This article is an advertisement to encourage you to subscribe to the website's dubious health program through promoting fear and ignorance.
While the writer has already been vaccinated.
A first grade kid could trash all 18 lame excuses.

If there was an article '18 reasons to ditch Bitcoin' would you sell?
Likely you would research who was behind the article and their motive.
(Like Oh yeah Craig Wright sponsored the article to dis Bitcoin and promote his shitcoin or Big Corporation X wants an in to Bitcoin and needs to get your coins at a cheaper price etc.)

My healthy 32 year old daughter non smoker, organic diet, active outdoor pursuits, caught Covid and spent 8 days in hospital seriously ill. 2 months on she still has some mild symptoms noticeably poor sense of smell and taste plus minor fatigue.

Her ordeal made it an easy decision for me to get vaccinated.

 How did you come to the conclusion that the writer has been vaccinated?  He has not been vaccinated against covid.  If you read the article again, you'll find that the author has been infected with covid and he posts a link to an article that says "Scientists warn vaccinating people who already COVID could potentially cause harm, or even death."

 I'm glad your daughter has recovered, perhaps you should follow that link with an open mind; there is a chance her body could overreact to the vaccine since she's already been infected.

"When a vaccine reactivates an immune response in a recently infected person, the tissues harboring the persisting viral antigen are targeted, inflamed and damaged by the immune response."

 edit: I had severe cat allergies and opted for immunotherapy (weekly injections of cat proteins for several months to retrain my immune system).  While undergoing the therapy, if I was around a person who owned a cat, the injection site was the first place I would feel a reaction.  That area would become swollen, sore and itchy first.

I read the article very carefully.

It uses a deliberate misstatement or half truth.

"The vaccine does not stop covid"  it links to the story on washington state that 100 (well 102) people correctly vaccinated came down with covid-19 two weeks after the shots.

Well that is true.  But it does not go on to state that 999,900 others were vaccinated and did not get covid-19.

So the article is a bullshit at least in part.

Now all anti vaxxers please understand me here. the math is 999,900 winners and 102 losers.

He only mentions the losers.  seems like he is anti vaccine.

The problem is mainstream media like yahoo reported it the same way.

Basically think {pro trump, pro right, anti vaccine} vs (anti trump, pro left ,pro vaccine)

both left out the 999,900 winners in washington state both only stress the 100 or 102 losers.

this simply goes to prove my belief that it is like pro wresting all faking to take your cash.
they play a game designed for you to pick a side and fight the other side.

Don't fall for either one.

BTW if you were a super villain and wanted to slay a ton of people.  Would you want to kill the sheeple that follow orders or would you want to kill the defiant freedom fighters?

So if you think the smart money is on not taking the shot fine with me.
If you think the smart money is on taking the shot fine with me.

All I ask is you don't lie about what you did.
I have chosen to go with the vaccine game of russian roulette.
My first shot of pfizer is tomorrow.  Wish me luck.

[Richy_T]

^^^ I certainly keep hold of the keys to my life-saving, life-changing stash. Where it matters.

As for my coffee money, I don't care if they are held by someone else that I should have to trust. It's OK, I trust them. And if they steal my coffee money, so be it. I'll switch to another custodian.

Making coffee-sized transactions on-chain is like using a nuclear-bomb-reinforced safe to store your pocket change. I don't want to add that burden to the network.

That's the way I see it, at least...

Yes, risk vs reward (In fact, coffee purchases are something I think LN *is* suited for). I don't think it sounds like these trades are being made for coffee though.

[Farmer Bill]

#16: CENSORSHIP...AND THE COMPLETE ABSENCE OF SCIENTIFIC DEBATE


Nothing  personal to all of you guys hoping vaccination will solve all problems but... if anyone of you @experts@ could trash this piece of work would be highly appreciated .

I was almost ready to get this vaccine but somebody sent me this link yesterday afternoon.
 

https://www.deconstructingconventional.com/post/18-reason-i-won-t-be-getting-a-covid-vaccine

Do your own research and decide either way.

This article is an advertisement to encourage you to subscribe to the website's dubious health program through promoting fear and ignorance.
While the writer has already been vaccinated.
A first grade kid could trash all 18 lame excuses.

If there was an article '18 reasons to ditch Bitcoin' would you sell?
Likely you would research who was behind the article and their motive.
(Like Oh yeah Craig Wright sponsored the article to dis Bitcoin and promote his shitcoin or Big Corporation X wants an in to Bitcoin and needs to get your coins at a cheaper price etc.)

My healthy 32 year old daughter non smoker, organic diet, active outdoor pursuits, caught Covid and spent 8 days in hospital seriously ill. 2 months on she still has some mild symptoms noticeably poor sense of smell and taste plus minor fatigue.

Her ordeal made it an easy decision for me to get vaccinated.

Yeah.  We live in the age of a lack of nuanced views.  You are either a racist or an ally. Covid is either a biblical plague or a world government conspiracy.  One of positions I dislike the most is the whole "Trust the Science" bullshit.  Another black and white nonsense, and one of the least scientific things you can say.  Science is a trust-minimized discipline.  At least it is supposed to be.

I am sure covid is being used by TPTB to push agendas.  And it *might* have even been a planned psyop from the beginning.  And maybe it's also a biblical plague, lol.  

I had a close friend who got it.  Spent weeks in the hospital over 4 admissions.  Not only did it nearly kill him, seriously damage his lungs, but it precipitated a heart attack.

It is a serious public health challenge.  It has overloaded the healthcare systems in areas that have suffered strong surges.  And many of the governments of the world (and in my country states) have made choices on how to deal with it that range from draconian to flippant.  But I personally think we have been tilted WAY to the draconian side.

The vaccine *is* new tech, and rolled out without nearly as much testing as it would normally get.  It *could* have downstream effects we have not anticipated.  I also think mRNA treatments might be the basis for cures of many other diseases we have been trying to eliminate for decades.  Also, not everyone needs it.

Anyway...  God bless your daughter... sorry she had to go through it.  Not fun, I know.  And sobering to deal with effects so long after it's over.

 In fairness to the middle-of-the-road types, there were quite a few saying "It's just a flu bro!".

Again thanks for your kind words for my daughter.

The vaccine is very new and rushed tech, released without the usual thorough testing over time. The world simply does not have 10 years to wait.

In 1796 Jenner tested out his new technology on his gardeners young son. Inoculating him with cow pox which gave him fever. Later he tried to infect the boy with smallpox, but the boy was immune to it.
Of course Jenner was ridiculed by the then MSM with cartoons of vaccinated people sprouting cows legs and so on.
Smallpox was responsible for one in ten deaths in 1796 and this was huge break through.
Now smallpox is totally eradicated, due to the world vaccination program and is now old tech.
The frightening thing is that smallpox is retained in biological weapons institutes and that none of our future generations will have any natural immunity to this disease.


  

[Krubster]

I think we are in for an interesting week.



There is this ascending triangle that is about to resolve. An ascending triangle in an uptrend tends to break towards the upside.

Coinbase gets listed this week. It is valued at around $100 bil, which is about 1/10th of BTC's market cap. Either Coinbase is overvalued, or BTC is undervalued. Probably both.

There is also a lot of talk about this Pi Cycle Top Indicator on Twitter and Youtube. After the daily closes today, they will most likely cross. I don't give much for this indicator though. It was created and retrofitted after the previous high, meaning it has yet to be proven any usefulness to indicate anything. However, there will most likely be some weak paper hands that fall into this and sell before the inevitable breakout towards the upside.

[JimboToronto]

Oh noes. It's that evil Bill Gates, nanochipping us all with chemtrails.

He's obviously a commie, probably Chinese.

 

[FIFA worldcup]

Why bitcoin is unable to make a support over 60 K



The 60K resistance !!!

[El duderino_]

[shahzadafzal]

“Not a financial advice”

Dedicated to all lovers on WO!

[virasog]

Sadly, the bitcoin only have a face and does not have a body.  

Still i love bitcoin more than anything 

[Torque]

Oh noes. It's that evil Bill Gates, nanochipping us all with chemtrails.

He's obviously a commie, probably Chinese.

 

Uh Jimbo, before you go scoffing at Bill Gates haters (and lowkey letting him off the hook), you might want to read this:

https://www.forbes.com/sites/arielcohen/2021/01/11/bill-gates-backed-climate-solution-gains-traction-but-concerns-linger/?sh=3398e740793b

People have very legit reasons for calling him an arrogant narcissist and insane.