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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.1%)
7/28 - 11 (11.6%)
8/4 - 16 (16.8%)
8/11 - 7 (7.4%)
8/18 - 5 (5.3%)
8/25 - 7 (7.4%)
After August - 48 (50.5%)
Total Voters: 95

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26449328 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
modrobert
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April 25, 2021, 10:40:18 AM
Merited by JayJuanGee (1)

Mempool count dropping even more (less BTC on the move) and USD moving into the exchanges.



Source: https://www.blockchain.com/charts/mempool-count

Are we in for a bull run? Looks good recovery wise, but still have doubts.
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April 25, 2021, 11:00:53 AM

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.
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April 25, 2021, 11:05:36 AM

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April 25, 2021, 11:06:37 AM

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

I'm fairly certain CSW has fuck all; it's his butt boy Calvin who bank rolls his bullshit. Wouldn't piss on either of them even if they were on fire tbh, they deserve to get utterly rekt in the courts and hopefully all this nonsense will end sooner than later
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April 25, 2021, 11:29:03 AM
Merited by Farmer Bill (1)

Skipping around a bit, to establish some context:

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...
Yep cant remember the year 2000, I wasnt even born for a few years after that.

I could tell that you were young, but I didn’t realize that you were that young.  Perhaps I was confused by the amount of money that you have sometimes claimed to be throwing around.  Most teenagers are financially unsophisticated, and also broke.

Now, a critical thinking question:  To remember predictions made about a future Year 2000, how old would you need to be?

I’m not doxing my age here.  I “remember” things from the 1950s, and the 1930s, and the 1770s—and 480 B.C.  Because I study history.  The latest exemplars that I recall of doomsday climate change predictions for the Year 2000 were from the late 1980s.  I may or may not personally remember the 1980s from direct experience.

Obiter dictum, I always find it remarkable to talk to people who don’t remember a world before Facebook, Twitter, and anthropoid cattle tracking devices “smart” phones.  (Viz., before proper punctuation became unfashionable.)  Or America’s global terror-war of bombing people into “freedom” to stop The Terrorists.  Or...

If any of us survives the near future, then perhaps someday you will have a similar view of people who are too young to remember the world before “the Covid New Normal”.  Do you remember what the world was like before Covid?  —Will you remember that in twenty years—in forty years?  How will you perceive the children who were born after?  How warped, twisted, and shallow will their worldview seem to you, when they are adults who never knew the world in which you grew up?

I challenge you to think about this, so as to shift your perspective.  When you view the world this way, you can transcend the narrow contextual bubble of the present and become a bit of a time traveller.

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.
Not really convenient for them, I believe all meat is unsustainable and unethical, [← This is a run-on sentence, but it’s ok, we have bigger problems to fix first, because the “education” received by persons born after the Year 2000 is evidently even more abominable than I had hereto imagined.]

That seems to be both your premise and your conclusion.

[...] local farms just happen to be smaller business and as a fundamental law of economics, they cannot scale as how larger corporations can.  [← See?  You can do it!]  But even with all the scaling its still incredibly unsustainable and by the nature of efficiency it is much crueler, which is why I dont eat any animal products.

Scaling doesn’t usually work the way that people expect.  For example, as we all know, to “scale” Bitcoin by raising the blocksize limit would have many negative consequences which may not seem obvious in advance:  Explosion in the UTXO set size (a resource-intensive burden to all nodes), increased orphan rate for miners, etc., etc..  It is not only a matter of more disk space.

To scale up meat production by packing animals into little boxes, injecting them full of crap, and feeding them utter garbage is not what I would call “sustainable” in any way.  I would not even call it “productive”, insofar as both process and product are inferior.

It is, of course, not so different than packing so-called “humans” into modern urban environments, injecting them full of crap, feeding them utter garbage...  You are a cow managed by an iDroid device.

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.
Cows are already fed corn amongst other feed pretty sure, this is just marketing BS to put on a higher price tag on the crap product they are already selling.

In this context, “corn-fed” would implicitly stand in contradistinction to “grass-fed”.  The latter ideally means letting the cattle walk around in a pasture, and munch on what they please.  The difference in meat quality is significant; I am not only joking about it.

Obviously, grazing cattle is less efficient from a bean-counting business perspective.  Among other things, it requires land husbandry to prevent overgrazing from ruining the pastures.

Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.
I believed everything I said before I was vegan too, which is why I'm vegan in the first place.  [← Wow!  Another period!  I am soooo proud of you.  —  People say that I am a jerk; and although I DGAF about their opinions, I figure that I may as well try some so-called “positive reïnforcement” for good behaviour.  How is it working?  Are you feeling reïnforced yet?  Sigh.  Being helpful can sometimes be so thankless.]

I once knew someone who had switched to a vegan diet as a teenager.  She permanently stunted her adolescent growth, so she always looked rather odd in an unpleasant way.  I’m not sure how much of that was intentional; it seems she did intentionally starve herself outright.  I infer that she probably had an underlying eating disorder, which manifested in her becoming a vegan zealot.  When she was in her twenties, she had a series of mental breakdowns that occasionally required hospitalization; she would be in her forties now...  Anyway, I haven’t only read about veganism on the Internet.  I have known a number of vegans IRL.  All of them were, without exception, quite insane.  But that is unsurprising; what always surprised me about them was the smell—a subtle sort of a cloying sick-animal smell that hung in the air about them.  I have the nose of a dog, so I pick up on such things as others do not.

By the way, no:  I do not actually eat an all-meat diet.  But that is only because I cannot afford it.  I was too much of an idealist when I was your age.  I did not care about money until, in the course of years, I learned the hard way that although money cannot buy happiness, it can prevent unhappiness!  For example, if you have money, then you can afford to have a Platinum account for emergencies.

...for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.

Depending on where you live, "Humane" is a gas chamber, or a knife to the throat.

You know those scary-looking electric stun bolts that PETA misrepresents as cruel?  Those are anesthetics.  Anesthetics need not be chemical!  Look it up in a resource about animal husbandry, not a PETA pamphlet.

Given the choice between being killed while conscious, versus being zapped into instant unconsciousness and then killed, I am guessing that you would probably prefer to be zapped.  From my perspective, it will keep you juicy and delicious; humane butchers actually examine meat for stress marks that are indicia of low quality.

* nullius toasts SwayStar123 with a nice Chianti.
somac.
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April 25, 2021, 11:35:24 AM

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

Sociopaths my friend. Most of the rich "successful" types, along with the ruling class, have got there by their sociopathic abilities. This is the norm in human history of course and you could probably put a fair portion where humanity has got to so far down to these types as well.
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April 25, 2021, 11:48:52 AM

9 red daily candles on the past 10.. Still fucking bearish. Weekly looks the same..

H4 on a sideway mode.. but not fuel to any move up..

Hmmm even if I don't want to see that, I am thinking more and more that we need to continue to go down before any bull reversal. Bottom probably still not reached  Roll Eyes
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April 25, 2021, 11:50:40 AM
Merited by JayJuanGee (1)

Every time I say that I regret using BTC for purchases, I can't help but feel like I'm "betraying" Bitcoin by not supporting its use as money. Laszlo Hanyecz comes to mind. At the same time, Bitcoin has become so important and so valuable as an asset, that spending it on petty purchases just doesn't feel right anymore. It's like cutting a piece of gold from a gold bar to pay for your weekly supermarket shopping. I'd rather use fiat for that. Perhaps, there may come a time when the mere ownership (and not the spending) of Bitcoin will grant the owner special privileges. Bitcoin is just too precious to spend, unless absolutely necessary.
Easy fix: buy back the Bitcoin you spend Wink It comes with conversion costs, but rewarding companies that accept Bitcoin by actually paying with Bitcoin is how we increase adoption.
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April 25, 2021, 11:50:48 AM

The only way is up .........baby

We've been broken down
To the lowest turn
Bein' on the bottom line
Sure ain't no fun
But if we should be evicted
Huh, from our homes
We'll just move somewhere else
And still carry on
Oh
(Hold on) hold on
(Hold on) hold on
Ooh, aah, baby
hold on
(Hold on) ooh ooh aah
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
Aah
Now we may not know, huh
Where our next meal is coming from
But with you by my side
I'll face what is to come
Aah, boy I want to thank you
Yeah, for loving me this way
Things may be a little hard now
But we'll find a brighter day
Oh, yeah
(Hold on) hold on
(Hold on) hold on
Ooh, ooh ooh
hold on
(Hold on) won't be long
Ooh, yeah
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
Ooh ooh ooh
Talk about the only way is up, baby
Talk about the only way
Talk about the only way is up, baby
Talk about the only way
Talk about the only way is up, baby
hold on
(Hold on) hold on
Hey
hold on
(Hold on) won't be long
No no no
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
The only way is up
For you and me now
The only way is up, baby
For you and me now
The only way is up
For you and me now
The only way is up
For you and me now
The only way is up
For you and me now
The only way is up
For you and me now
nullius
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April 25, 2021, 01:23:06 PM

Sociopaths my friend. Most of the rich "successful" types, along with the ruling class, have got there by their sociopathic abilities. This is the norm in human history of course and you could probably put a fair portion where humanity has got to so far down to these types as well.

That is a self-serving modern myth.  It is necessary for rationalizing the hybristic modern myth of historical “progress” and “advancement”:  How could modernity be “advanced”, if the world has become worse?

The reality is that in all of recorded or recoverable history, never before has the whole world been more thoroughly corrupt, degenerate, and debased than it is now.  You could put not only “a fair portion”, but the totality of this down to the downfall of the ruling classes:  The sheep only go where they are led, for they can do no other, all democratic delusions to the contrary notwithstanding.
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April 25, 2021, 01:47:03 PM
Last edit: April 25, 2021, 02:05:33 PM by rolling

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money Angry, new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies.
https://fred.stlouisfed.org/series/WFRBLB50107

Quote
Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number?

Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory.

If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed.

Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you.
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April 25, 2021, 02:08:46 PM

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April 25, 2021, 02:10:09 PM

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April 25, 2021, 02:58:28 PM

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Another city boy who knows sweet FA about producing beef.
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April 25, 2021, 03:14:49 PM
Merited by JayJuanGee (1)

we need to continue to go down before any bull reversal.
Maybe but this sounds more like wishful thinking to me Wink
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April 25, 2021, 03:22:47 PM
Merited by JimboToronto (1), Torque (1), Arriemoller (1), Toxic2040 (1), rolling (1), nullius (1)

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Yet another person who has no idea of how their food is produced.

30 month grass fed beef especially on hills where crops cannot be grown is totally sustainable.
The beef is of exceptional quality and fetches a good premium.
It is ecologically sound farming, the shit from the cattle helps fertilizes the ground and sustains insect life and beetles which are in turn food for birds and bats.
It is kind too, the calves often run and suckle with their mothers for 9 months, all the cattle have a happy life grazing outdoors in summer.

Go work on a farm for a year, burning 5000 calories a day and see how you survive on a vegan diet.

Meanwhile stack those Satoshis and you'll have a bright future ahead.



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April 25, 2021, 03:44:21 PM
Merited by El duderino_ (5), vapourminer (2), Hueristic (1), Torque (1), LFC_Bitcoin (1), d_eddie (1), Phil_S (1), Toxic2040 (1), HairyMaclairy (1), vroom (1)

Good morn Bitcoinland.
Fifty grand, four thirty eight
(Bitcoinaverage).

The fight rages on
To stay above fifty grand.
Onward and upward.
_______

Went out to the lake
Yesterday for the first time
Since the snow melted.

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April 25, 2021, 03:48:23 PM

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money Angry, new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies.
https://fred.stlouisfed.org/series/WFRBLB50107

Quote
Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number?

Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory.

If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed.

Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you.


There are a surprising number of progressives / socialists here on what is a primarily a speculation forum. Its possibly what makes it a lively place for discussion.

There is one good example to compare both systems.

In 1953 Korea was divided.

Two countries starting off at same level after the utter destruction from war.

Today DPRK has GDP PPP of $1.700 whilst ROK has GDP PPP $47.000

So in the North you'd pay 30 years salary for 1BTC
In the South just 1 years salary for 1BTC.


 
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April 25, 2021, 04:12:17 PM
Merited by Torque (1)



https://twitter.com/rd_btc/status/1386310600490463235?s=21

An image where a lot of wisdom is shown, hope people learn from it
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April 25, 2021, 04:14:36 PM
Merited by JayJuanGee (1), Torque (1)

Property vs Gold vs Stocks vs Bitcoin
Best performing asset class in last 10 years
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