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

[vapourminer]

and we also had that at the time ... for the younger ones among us, this is a 5 1/4 inch disk
would actually make a very good coldwallet, wouldn't it?

1. You'd have a hard time getting hardware or equipment to read anything from that.
2. Storage is limited to either 360k (180k if one sided) up to maybe 1.2mb?
3. That thing is not really water resistant or fire resistant, easily crushed or destroyed.

I like the idea though, it's not much better than a paper wallet.

might as well go right back to cassette tape storage. or better, Hollerith cards. immune to EMP and use steel cards instead of paper. so waterproof and fireproof (to a point).

ah wait peeps already do that with seed words and such. whats old becomes new.

[1714778074]

1714778074

[1714778074]

1714778074

[1714778074]

1714778074

[1714778074]

1714778074

[Sayeds56]

Voila, sold my DOGE (which were bought in summer 2019) for some extra bitcoins.
Patience is everything, glad I could finally get rid of them.

And now pump it to 100k+

Planning to ride this bull as:



(saw him during a walk last sunday, that can't be coincidence )

Very Funny idea. Good sense of homour.

[Arriemoller]

'The military doesn't suck, it's a branch of the government given the task to safeguard the freedom of the citizens of the country. They only obey (legal) orders. If you think their actions suck it's the politicians you should bitch at, not the ones that, risking their lives, obey their orders.

They're just following orders.

Yes, that's how hierarchical structures work.
And you know very well that in all western militaries you are not only allowed, but have a duty to refuse to obey an order that's illegal.

[Arriemoller]

I will write one hundred times

What's brevity?

[d_eddie]

 Quickly!! BUY it NOW Kevin!

+1 WOsMerits

Easily the most totally deserved WOsMerit of the closing week! 

[philipma1957]

The way I see it is that in the last month the bears first failed to break the 52K support. Then the support shifted to 56K and they failed again. Now it is around 60-61K and they still can't break it even though they've been trying hard in the last couple of hours. Again, they see the weekend low volume and think this is their chance. But in general a move in either direction with such a small volume will be neutralized in a matter of minutes, when the volume returns in the next days. There is no significant inflow into the exchanges and the reserve will decrease at least until prices above 120K. The hodlers are not willing to sell anything in this dead zone. Honey badger doesn't give a f**k about weak hand low volume sells. As always hodlers buy moar. So do I 0.65BTC  ding-ding!

Good for you.

I purchased at 60 and 61 today.

The btc stack is growing.

[philipma1957]

I will write one hundred times

What's brevity?

This.

[xhomerx10]

I will write one hundred times

What's brevity?

This.

   ↑

 edit: Damn!  We failed.  It's the soul of wit!  Back to the drawing board.

[DaRude]

'The military doesn't suck, it's a branch of the government given the task to safeguard the freedom of the citizens of the country. They only obey (legal) orders. If you think their actions suck it's the politicians you should bitch at, not the ones that, risking their lives, obey their orders.

Try to convice that to the people of Myanmar.

I speak of course of democratic countries.

But who defines what is "legal", oh wait the government

Military is just a tool of the government, so all the gov has to do before using its military is to justify their own requests as legal  





International Criminal Court officials sanctioned by US
https://www.bbc.com/news/world-us-canada-54003527

[JayJuanGee]

The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.

Limited supply? Zero new supply.

A living artist may not be able to exactly reproduce his existing works but he can create similar new works.

Once he's dead, the supply is gone forever.

Every work of art lost in a fire or otherwise destroyed is like a bitcoin with lost keys. There's no replacing it.

Of course if Van Gogh's "Sunflowers" were destroyed in a fire, all remaining Van Gogh paintings would increase in value, just as every lost key increases the value of Bitcoin.

One of the problems that these NFT fucktards are having in identifying is just like you suggest, Jimbo, the death of the creator.  They have some stupid-ass believes that if the signature of ownership of blah blah blah piece happens to be rare when there are all kinds of ways to replicate the dumb on another blockchain, from another angle, with the bitcoin blockchain backing it.. blah blah blah..

And one of the things that make bitcoins scarce is that they are both created (or brought into circulation) through a process that is unfuckable with.. well at least not more than a few blocks before it starts costing real ass money.

Anyhow, let those diptwats screw around with their various "creative" ways to try to describe scarcity out of something that is ONLY attempting to imitate (unsuccessfully of course) bitcoin, but largely saying that they are doing something else (of course, they are calling it important and earth-shifting), but it is hardly earth shifting, and ONLY means to trick people into thinking that there is some value there that is likely inflated beyond anything reasonable because it is playing off ignorance and failure to appreciate actual scarcity (which seems to largely be the same thing that you were saying, Jimbo)...

[Elwar]

'The military doesn't suck, it's a branch of the government given the task to safeguard the freedom of the citizens of the country. They only obey (legal) orders. If you think their actions suck it's the politicians you should bitch at, not the ones that, risking their lives, obey their orders.

Try to convice that to the people of Myanmar.

I speak of course of democratic countries.

But who defines what is "legal", oh wait the government

Military is just a tool of the government, so all the gov has to do before using its military is to justify their own requests as legal  

International Criminal Court officials sanctioned by US

https://www.bbc.com/news/world-us-canada-54003527

Theft: the illegal taking and carrying away of the personal goods or property of another
Taxation: the taking and carrying away of the personal goods or property of citizens

It's ok when the government does it.

Also "safeguard the freedom of the citizens of the country"...

umm...you don't really believe that bullshit do you?

Please...when in the history of the Universe have governments safeguarded freedom? Seriously...nobody cares one bit about freedom, believe me I've tried to be free but run into nothing but roadblocks from...guess who?...governments and their order followers.

[JayJuanGee]

By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.

Without betting any "real" money (aka king daddy, aka the corn etc.), I think we could have already begun observing some relative puniness in this cycle, if there weren't so many big players really getting in the arena and putting their money where their tweets are. The new players, institutional or silent as they may be, are positively skewing the market by pouring a previously unseen money supply into the market. So there is that. Can this welcome skewing go on at this rate? 2x a year is the kind of exponential growth that sooner or later hits the ceiling with a sore head. The flattenening (?) part of the S-curve, in udder words. We'll have to wait 2024 to actually see where things are going. But it's always like that with the corn, isn't it.

Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
 

For dee fucking our lil selfies bit, I have no problems to keep waiting a lil more. If you feel any rush, please go ahead

Personally, I get the sense that you are framing our current situation in a very similar kind of somewhat "annoying" conservatism as you had been expressing in the months immediately preceding April 2019.

Sure, nothing wrong with having some reservations in your concerns about where the bull market might go and even having some mental and financial preparedness for DOWNity in case UPpity comes to an end sooner than expected... So yeah, no problems with that.

Maybe my "problems" to the extent that they can be described as "problems" remains that you are seeming to make a pretty strong assertion in regards to your anticipation of future bitcoin cycle "puniness", but you are making such proclamations in such a way that causes me to speculate that there might be a bet in there somewhere, but we just have to narrow down the potential terms a wee bit more, but I believe that even though you are having feelings of a certain kind of concreteness in your speculations about "puniness" but you are a wee bit afraid to put them into writing into a kind of way that it could be bettable. 

Maybe I need to try to narrow down the terms of what you seem to be saying, and then we can try to go from there in terms of tweaking the terms to make them acceptable.

We could pick a date and a price, and even though we are both assigning probabilities, I am getting the sense that my probabilities are more bullish than yours.  I am having some troubles identifying our sticking or hinging points.  I do agree with your overall thesis that with the passage of time, the extremes in bitcoin will likely become way less volatile but I am having some troubles with your attempt to describe this particular cycle.. or maybe it is after the next halvening as being less impactful..,. so that would be a claim about the 2025-ish period rather than any kind of claim about this particular period.  Help... I feel that I am losing the subject matter thread... and maybe my attempts to describe what I believe you are saying is off.. I surely would rather have some kind of bet that does not require us to have to wait until 2025-ish to see if it is playing out because I get the sense that the fact that you are making such proclamations now, there is something that you might be saying (that we disagree about) in regards to where we are going to be before 2025-ish.

[shahzadafzal]

Feel free to find and tag your favorite ones!

Inspired by r/wallstreetbets

[Biodom]

JJG shitcoins perform poorly vs some better one's..."How dare you to mention [outperforming] shitcoins on this board, you bastard!"

JJG's shitcoins (of the lowest ilk) have a sign of life..."It is perfectly fine to mentions them in a positive fashion (lol-BTG-lol, ha ha ha, hee he he, wha wha wa)"

Hmm...what's good for the goose is good for the gander.

this board should be free from JJG bitchslap from now until eternity (if shitcoin talk is kept to some minimal value).
..."or else it gets the hose again".

[d_eddie]

By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.

Without betting any "real" money (aka king daddy, aka the corn etc.), I think we could have already begun observing some relative puniness in this cycle, if there weren't so many big players really getting in the arena and putting their money where their tweets are. The new players, institutional or silent as they may be, are positively skewing the market by pouring a previously unseen money supply into the market. So there is that. Can this welcome skewing go on at this rate? 2x a year is the kind of exponential growth that sooner or later hits the ceiling with a sore head. The flattenening (?) part of the S-curve, in udder words. We'll have to wait 2024 to actually see where things are going. But it's always like that with the corn, isn't it.

Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
 

For dee fucking our lil selfies bit, I have no problems to keep waiting a lil more. If you feel any rush, please go ahead

Personally, I get the sense that you are framing our current situation in a very similar kind of somewhat "annoying" conservatism as you had been expressing in the months immediately preceding April 2019.

Sure, nothing wrong with having some reservations in your concerns about where the bull market might go and even having some mental and financial preparedness for DOWNity in case UPpity comes to an end sooner than expected... So yeah, no problems with that.

Maybe my "problems" to the extent that they can be described as "problems" remains that you are seeming to make a pretty strong assertion in regards to your anticipation of future bitcoin cycle "puniness", but you are making such proclamations in such a way that causes me to speculate that there might be a bet in there somewhere, but we just have to narrow down the potential terms a wee bit more, but I believe that even though you are having feelings of a certain kind of concreteness in your speculations about "puniness" but you are a wee bit afraid to put them into writing into a kind of way that it could be bettable.  

Maybe I need to try to narrow down the terms of what you seem to be saying, and then we can try to go from there in terms of tweaking the terms to make them acceptable.

I'm as bullish long term as anyone. What I'm suggesting - and I may of course be wrong - is that future growth will be less tied to the 4-year cycle than it is now. The halvening effects will be slighter and slighter. But still number go up, much up number go.

EDIT
A different angle for the same rationale: the availability of btc on exchanges - that are the spot price makers basically - is already much less dependent on periodic miner sales than it used to be. So the immediate effect of miners getting fewer coins as a reward will impact the price less and less. Of course, increasing scarcity will make its job behind the scenes one way or another.

[cAPSLOCK]

I have to admit... I decided to look for any ancient DOGE wallet I could find... still no doge wallet yet, but I found my first Bitcoin-QT wallet.dat!!!

Heh.  Kinda cool.  I am gonna save this thing.

My first ever transaction (I think) was among this lot:

https://blockstream.info/block/0000000000000ab9b39e61cff860ec65e65738fd2faeac5acbd136676912a7bb

I figure I am safe hiding amongst the 162 (lol!!) transactions in there...

At first I loaded up the wallet.dat into Bitcoin-QT, and as it was syncing it ran across something and my balance shot up to 0.4.  I have to admit, I was excited. I wanted to be able to tell my wife, hey I found $24k in my pockets when I was doing the laundry.

But alas.

[El duderino_]

[Richy_T]

I will write one hundred times

Haha. I'll confess this quote crossed my mind a couple of days ago.

[Richy_T]

Needs an extra frame with pitchforks and torches appearing in their hands.

[JayJuanGee]

@LinaSeiche
They say he has a whole BTC

Long gone times

Yep.... for sure... harder and harder to get a whole coin... and even a year ago (or less) it was way more possible to get a whole coin, but funny how times (and options) change, and so quickly.

I will write one hundred times

That sounds like advices.    unsolicited, tooooooooo

and we also had that at the time ... for the younger ones among us, this is a 5 1/4 inch disk
would actually make a very good coldwallet, wouldn't it?

1. You'd have a hard time getting hardware or equipment to read anything from that.
2. Storage is limited to either 360k (180k if one sided) up to maybe 1.2mb?
3. That thing is not really water resistant or fire resistant, easily crushed or destroyed.

I like the idea though, it's not much better than a paper wallet.

Given the readability issues, a paper wallet (or even writing down seed words on paper or some other medium of storing keys in analogue form) seems way more reliable than data on a 5 1/4 disc..  Should be obvious, no?  And with the analogue format, it can be kept in more than one location, too.... just like multiple 5 1/4 floppies can be made - but you still have the readability problem if backups are in the same format.. but might not be the same problem with other analogue such as key or seed words written or kept on some other analogue medium.

I will write one hundred times

What's brevity?

Good question.  And also, I was wondering if there were some existential requirement for wit, even though I do believe that I have some decent capacities for wit from time to time.. maybe not always, but a decent amount of time and such level of wit (or lack there of) does not really seem to be causing me to be a curmudgeon or anything like that.