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

[AlcoHoDL]

Bitcoin underperforming? Huh?

Greedy much?

Personally, I do not refer to the recent "underperforming" assessments as "greedy" (even though there could be some truth in the "greedy" label) instead of "distracted."**..

**The distraction is by shitcoins, to be more precise... which really seems difficult to help "supposed bitcoiner" who has such difficult times focusing on king daddy bitcoin, even after having supposedly been studying this space for as long as me (more than 7 years) while still cannot help his lil selfie in being distracted by shitcoins.. go figure???  can we help dumb in that kind of presentation?

Are they... diversifying?

https://youtu.be/zQ60ehVJYAs?t=1031

[hisslyness]

[edited out]

Actually, i am pretty sure that name calling is MUCH more off-topic than my meeker mentionings of the actual facts in the original cited text, but I digress.

If you are off topic and trying to compare and contrast shitcoins here, do you think that there is some kind of imperative to be nice about telling you to fuck off.  I was trying to be nice (within my abilities to do so), but you continue to persist to want to talk about shitcoins.

I wasn't talking ABOUT any coins, i was saying (in passing) that we are underperforming for 2-2.5mo, which is a statement of fact.
the rest is just your fake rage mixed up with some nonsense.

Under performing? you must be joking... Last time i'd check Bitcoin was 1T market cap. Is the other coins you are talking about 1T market cap or even close to that?

Just because a penny stock goes from 1c to 2c doesn't mean it is out performing stocks in the Dow Jones!...

I guess you don't know the term underperforming.
Going from 70% dominance to 48% is significantly underperfoming. I am pretty sure that "something" gained a few hundred bil in the process and it ain't pennys.
Look at the charts. Yes, it is easier to close your ears and keep saying na-na-na, like some do around here, hence the rage.
On the other hand, if you acknowledge the situation, maybe you can make a prediction as to when it reverses, possibly, which could be soon and better be.
If it continues for, say, 3 more mo, bigger money would start to actively leave and even more if it goes for a year.
Do you think "institutions" bought in because they suddenly become true believers?
They looked at the alpha and at a market cap and decided to spruce their portfolios, but if there is no alpha in relation to alternatives, they are a finicky bunch and will not stay for too long.

You can't be using dominance chart to justify the "under performance" of Bitcoin. I am not buying it!..

You really want me to believe that shitcoins with little to no trading volume or purpose should be weighted against Bitcoin.

95% of the coins i haven't even heard of or know what the fuck they do. Binance Coin? WTF is Binance coin... Really think institution is going to pour billions into Binance Coin? TRON/ADA really?

No, i don't believe institutions just suddenly became true believers, i think they finally realize there is an alternative to having FIAT on their balance sheet.

Institutions don't just buy into a position because it is an alpha, they would have done their home work and research on what they are buying, not just look at a dominance chart and say, fuck it we are out! bitcoin is now 40% compared to all these wonderful shitcoins.

I am looking at the charts, and all i see is rockets/trains and dildos!

EDIT: Number #8: Polkadot, 33Billion MCAP, I think Bill and Warren will be into this one!

[JayJuanGee]

LAST 24 HOURS BITCOIN STARTS AROUND ~$52,400 AND NOW TRADING OVER $57,000

For BTC sell pressure is quite low, so we are on bullish run and now we can expect a good rally. I wanna see $60,000 over again.

Yep.  Quite the scare yesterday that we might be revisiting down before up, but the decent amount of up, currently, does appear to lessen the down before up thesis - unless our current up (to $57,443) just happens to be a fake?  Never know around here, but sure feels good man, at least for the moment.

Bitcoin underperforming? Huh?

Greedy much?

Personally, I do not refer to the recent "underperforming" assessments as "greedy" (even though there could be some truth in the "greedy" label) instead of "distracted."**..

**The distraction is by shitcoins, to be more precise... which really seems difficult to help "supposed bitcoiner" who has such difficult times focusing on king daddy bitcoin, even after having supposedly been studying this space for as long as me (more than 7 years) while still cannot help his lil selfie in being distracted by shitcoins.. go figure???  can we help dumb in that kind of presentation?

Are they... diversifying?

https://youtu.be/zQ60ehVJYAs?t=1031

You are right, AlcoHoDL, diversifying within the same category (in which bitcoin is the obvious way the fuck ahead leader within its category) is likely part of the problem of some of these folks who are considering bitcoin to be "underperforming" because they (sure, not ONLY Biodom) seem to speculate that those various pieces of shit that are trying to copy (and supposedly improve upon) bitcoin in various ways are actually adding any meaningful value, when it should be fairly obvious to anyone who has been studying the space more than a couple of weeks, that the ONLY real value add, in this space, is bitcoin. 

Sure, going back to your "greed" thesis.  You have likely demonstrated another dynamic too in terms of the "greed" factor interfering with the abilities of a decent number of otherwise potentially rational and smart peeps to actually understand and recognize that bitcoin remains the ONLY value add in this particular space (the space that bitcoin occupies.. call it what you will, but bitcoin is the leader by far, hands down). 

Personally, I am NOT against diversification, and I believe that diversification remains a good practice and strategy, but not within the same sector (once you sufficiently understand the sector) - as seems to be part of Saylor's point, even though there does happen to be another truth out there that is also recognized by Saylor in terms of there not being any other asset class/or currency that even comes close to bitcoin in terms of underlying strength of fundamentals.

At the same time, I personally believe that minimum diversification is preferable in terms of at least making sure that personal (individual) cashflow matters are figured out for a few years in the event that bitcoin might have a correction or a flat period for a few years and none of us should be forced into selling our bitcoin (if we can avoid it) at times that are not chosen by us including making sure that we are making any sales (even if some shavings here and there) that are profitable at the time of sales - which means NOT investing above our abilities to make sure that our cashflows are covered, including emergency cashflows (which means they are not exactly expected).

Yes, longer term bitcoiners have already established a profitability cushion, so we have a whole hell of a lot more flexibilities, but shorter term players are not guaranteed profitabilities from the start, and it could take a bit of time to develop (or let play out) the creation of profitability cushions.  So in that sense the newer investor into bitcoin is likely to have more stresses in the earlier stages of his/her investment into bitcoin until decent profitability cushions are established (which are also NOT guaranteed, even though ongoingly probable), so there can be some value in diversifying in the early stages at least in terms of making sure that cashflows are figured out and NOT necessarily going all into bitcoin from the start without reasonably and adequately tailoring to personal circumstances.

[OutOfMemory]

[edited out]

Yeah and there is the extra factor this month of the -  10-12%  diff adjustment falling on May 1

It is a nice boost in earnings for mining farms.

Excellent point, the difficulty adjustment is going to boost this further.

This is going to be an extremely interesting month.

"Sell altcoins in May, buy Bitcoin and don't go away" - LOL.

FTFY 

Inverse H&S completed and confirmed, options expired, bull market resume.
CME Futures settlement on 3rd of May (IIRC). Maybe another dip coming soon?.
How high will the king rise this time? My bet is quite conservative, $65k.

[ErisDiscordia]

Generated BIP39 Mnemonic 24 words.

I wish to store these words on a 2 of 3 paper backup and hide them.
It seemed a simple task.

So scouring through a book for these 24 words and assigning each a 5 digit code based on page number line number and position of word within the line. Then noting these down pencil on paper and hiding them would probably be meaningless to the finder.
I may just use the 24 words plus 1 method for extra security and commit this to pencil and paper in addition to being in my head.

Here, the biggest risk is that if you die or are otherwise incapacitated, nobody will be able to figure out how the fuck your system works...

unless you leave detailed instructions, but then you have the problem of how to secure those. Perfect security just doesn't exist, it's always a balancing act of choosing which risks you want to minimize.

The only way the workers can own the means of production is through public ownership by the government. When the government gets that much power, it never ends well. Plus, central planners can never keep up with the billions of price and markets signals that a free market does which leads to shortages, etc.

Workers owning the means of production directly is a utopian fantasy. How would this work exactly?

Also, what is stopping a group of enterprising individuals from creating a company right now where the workers own it and they directly control the means of production? Would the janitors get the same share as the software developers? What happens when a person moves to another company? What if some people are better at saving their money than others? Wouldn't we naturally return to some people having more than others and eventually the exact same wealth gap that we have now? Would you stop it from happening by making it illegal to save your money or live a frugal life? Would it be illegal to change jobs or would you lose your ownership when you changed jobs? Would a new employee just automatically get the same share as somebody working there for 20 years? What about a person who refuses to work at all. Would they still get a share?

Surely there are some socialists out there with some good ideas that would work as a business. Surely there are some altruistic individuals who would forego their billions and split that up evenly with the janitors and accountants.

If it was a superior way to run a businesses, wouldn't all businesses be run like that already? Why do you need the government to change something if the goal isn't to give the government central authority (i.e. Communism)?

I don't have any answers to all your questions since I am forbidden by sacred discordian law from believing any one ideology, or Belief System (BS) fully in its entirety, at all times.

I just wish people would have a more precise understanding of terms like communism and socialism. Here, it's not that difficult:

Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production

The nice thing about Wikipedia is, that if you don't know what exactly the means of production are, you can click and find out!

In economics and sociology, the means of production (also called capital goods[1] or productive property) are physical and non-financial inputs used in the production of goods and services with economic value. These include raw materials, facilities, machinery and tools used in the production of goods and services

Great! Now what about communism? This term has been distorted to its utmost after decades of cold war antagonism and is now mostly used as a derogatory term for anyone perceived as a leftist aka. dirty commie. Turns out this one isn't that hard to define, either!

Communism (from Latin communis, 'common, universal')[1][2] is a philosophical, social, political, and economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money,[3][4] and the state.[5][6] As such, communism is a specific form of socialism.

You see, in theory, communism was supposed to be the opposite of "centralized government power". But that's what we got, thanks to the bizarre belief of Marxists and Leninists, that after forcibly expropriating the means of production and centralizing them under its own control, the state would peacefully take a bow and cease to exist. We anarchists tried to warn them since the mid 19th century that this wouldn't work but they had to go ahead, fuck it up, and discredit communism forever *shrug*.

Join us next time for another fun, badly needed educational corner wherein we will discuss the ominous term of Fascism and why it has nothing to do with your government telling you to wear mouth-cloths.  

[JayJuanGee]

Hhahahaha

Diptwat SS123 is back... hahahahaha

I thought that you would be out licking your wounds from your last dumbass BTC predictions focused for long enough. 

The last few calls that I posted on this thread before getting hacked were quite profitable, not sure what your bitching about.

Your reading of "bitching" into my post remains of your own defensive projection rather than attempting to appreciate my posts for what they are.

are you recommending selling or shorting at this point? 

Read please

not financial advice!

Oh you do not have a recommendation?  You are just benevolently identifying a pattern, and the pattern does not mean anything but you still want to point it out for some reason not to recommend?

Maybe if we want your recommendation(s), then we would need to subscribe, right?   or at least enter into some kind of a contractual relationship, right?   

[Phil_S]

Imagine telling 2013 yourself that doom-and-gloom in 2021 would look like this: 

Looks more like we'll be "testing" $20k soon.

[El duderino_]

On the way for the 51K retest ? 

Looks more like we'll be "testing" $20k soon. And by "testing" I mean "collapsing through".

[El duderino_]

Imagine telling 2013 yourself that doom-and-gloom in 2021 would look like this: 

Looks more like we'll be "testing" $20k soon.

[bitebits]

Excellent point, the difficulty adjustment is going to boost this further.

This is going to be an extremely interesting month.

"Sell USD in May and go away" - LOL.

FTFY

[El duderino_]

The first house in the Netherlands to be bought entirely with #bitcoin was just sold for 21₿.
https://twitter.com/DocumentingBTC/status/1388192059044110339?s=20

Though looks expensive for what I see .....

[d_eddie]

Generated BIP39 Mnemonic 24 words.

I wish to store these words on a 2 of 3 paper backup and hide them.
It seemed a simple task.

So scouring through a book for these 24 words and assigning each a 5 digit code based on page number line number and position of word within the line. Then noting these down pencil on paper and hiding them would probably be meaningless to the finder.
I may just use the 24 words plus 1 method for extra security and commit this to pencil and paper in addition to being in my head.

Here, the biggest risk is that if you die or are otherwise incapacitated, nobody will be able to figure out how the fuck your system works...

unless you leave detailed instructions, but then you have the problem of how to secure those. Perfect security just doesn't exist, it's always a balancing act of choosing which risks you want to minimize.

The only way the workers can own the means of production is through public ownership by the government. When the government gets that much power, it never ends well. Plus, central planners can never keep up with the billions of price and markets signals that a free market does which leads to shortages, etc.

Workers owning the means of production directly is a utopian fantasy. How would this work exactly?

Also, what is stopping a group of enterprising individuals from creating a company right now where the workers own it and they directly control the means of production? Would the janitors get the same share as the software developers? What happens when a person moves to another company? What if some people are better at saving their money than others? Wouldn't we naturally return to some people having more than others and eventually the exact same wealth gap that we have now? Would you stop it from happening by making it illegal to save your money or live a frugal life? Would it be illegal to change jobs or would you lose your ownership when you changed jobs? Would a new employee just automatically get the same share as somebody working there for 20 years? What about a person who refuses to work at all. Would they still get a share?

Surely there are some socialists out there with some good ideas that would work as a business. Surely there are some altruistic individuals who would forego their billions and split that up evenly with the janitors and accountants.

If it was a superior way to run a businesses, wouldn't all businesses be run like that already? Why do you need the government to change something if the goal isn't to give the government central authority (i.e. Communism)?

I don't have any answers to all your questions since I am forbidden by sacred discordian law from believing any one ideology, or Belief System (BS) fully in its entirety, at all times.

I just wish people would have a more precise understanding of terms like communism and socialism. Here, it's not that difficult:

Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production

The nice thing about Wikipedia is, that if you don't know what exactly the means of production are, you can click and find out!

In economics and sociology, the means of production (also called capital goods[1] or productive property) are physical and non-financial inputs used in the production of goods and services with economic value. These include raw materials, facilities, machinery and tools used in the production of goods and services

Great! Now what about communism? This term has been distorted to its utmost after decades of cold war antagonism and is now mostly used as a derogatory term for anyone perceived as a leftist aka. dirty commie. Turns out this one isn't that hard to define, either!

Communism (from Latin communis, 'common, universal')[1][2] is a philosophical, social, political, and economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money,[3][4] and the state.[5][6] As such, communism is a specific form of socialism.

You see, in theory, communism was supposed to be the opposite of "centralized government power". But that's what we got, thanks to the bizarre belief of Marxists and Leninists, that after forcibly expropriating the means of production and centralizing them under its own control, the state would peacefully take a bow and cease to exist. We anarchists tried to warn them since the mid 19th century that this wouldn't work but they had to go ahead, fuck it up, and discredit communism forever *shrug*.

Join us next time for another fun, badly needed educational corner wherein we will discuss the ominous term of Fascism and why it has nothing to do with your government telling you to wear mouth-cloths.  

+1 WOsMerit

For precise definition of terms abused by people who mostly have no clue and think "Kamala is a commie". Looking forward to your definition of Fascism. Hint for fellow followers: not only facemasks are absent from the definition, but "corporation" in that specific discussion will have nothing to do with a corporation in the firm/"inc." sense, but more with... will you believe it? - something like syndicates/trade unions.

[El duderino_]

Then send him a merit  

[d_eddie]

Thanks Dude. Done ;-)

[julian071]

The first house in the Netherlands to be bought entirely with #bitcoin was just sold for 21₿.
https://twitter.com/DocumentingBTC/status/1388192059044110339?s=20

Though looks expensive for what I see .....

If a place like that costs less then 21 BTC in Belgium I might consider moving there!

Houseprices went up 11% compared to 12 months ago in NL. We have a permanent shortage of about 300k houses here.

Edit: my appartment is 65 square meters, it's worth 400k euro atm............ Prices are crazy!

[Elwar]

The first house in the Netherlands to be bought entirely with #bitcoin was just sold for 21₿.
https://twitter.com/DocumentingBTC/status/1388192059044110339?s=20

Though looks expensive for what I see .....

If a place like that costs less then 21 BTC in Belgium I might consider moving there!

Houseprices went up 11% compared to 12 months ago in NL. We have a permanent shortage of about 300k houses here.

Edit: my appartment is 65 square meters, it's worth 400k euro atm............ Prices are crazy!

A clear sign of a global pandemic with people dying left and right is a housing shortage...

[El duderino_]

The first house in the Netherlands to be bought entirely with #bitcoin was just sold for 21₿.
https://twitter.com/DocumentingBTC/status/1388192059044110339?s=20

Though looks expensive for what I see .....

If a place like that costs less then 21 BTC in Belgium I might consider moving there!

Houseprices went up 11% compared to 12 months ago in NL. We have a permanent shortage of about 300k houses here.

Edit: my appartment is 65 square meters, it's worth 400k euro atm............ Prices are crazy!

https://www.immoscoop.be/immo.php?min_price=750000&max_price=&proptype=Sale&ajax=&distance=&country=&streetname=&livingareacondition=&livingarea=&plotareacondition=&plotarea=&yearcondition=&year=&province=&country=&bedroom=&feature=&searchcity=&region=&category=&order=date&get_newproject=&s_postcode%5B%5D=1260&s_postcode%5B%5D=2&main_city%5B%5D=2422

A very very descent city Schilde, you can give in Schoten, Brasschaat, S'gravenwezel.... Some very descent cities in Antwerp.... I prefer a lot over here worth around 21-25 Btc  lol You can adjust prices etc

[El duderino_]

The first house in the Netherlands to be bought entirely with #bitcoin was just sold for 21₿.
https://twitter.com/DocumentingBTC/status/1388192059044110339?s=20

Though looks expensive for what I see .....

If a place like that costs less then 21 BTC in Belgium I might consider moving there!

Houseprices went up 11% compared to 12 months ago in NL. We have a permanent shortage of about 300k houses here.

Edit: my appartment is 65 square meters, it's worth 400k euro atm............ Prices are crazy!

A clear sign of a global pandemic with people dying left and right is a housing shortage...

.

True...

[bitcoinPsycho]

Imagine telling 2013 yourself that doom-and-gloom in 2021 would look like this:  

Looks more like we'll be "testing" $20k soon.

Dyscalculia

Typical symptoms include:

difficulty counting backwards.

difficulty remembering 'basic' facts.

slow to perform calculations.

weak mental arithmetic skills.

a poor sense of numbers & estimation.

Difficulty in understanding place value.

Addition is often the default operation.

High levels of mathematics anxiety.

[julian071]

The first house in the Netherlands to be bought entirely with #bitcoin was just sold for 21₿.
https://twitter.com/DocumentingBTC/status/1388192059044110339?s=20

Though looks expensive for what I see .....

If a place like that costs less then 21 BTC in Belgium I might consider moving there!

Houseprices went up 11% compared to 12 months ago in NL. We have a permanent shortage of about 300k houses here.

Edit: my appartment is 65 square meters, it's worth 400k euro atm............ Prices are crazy!

A clear sign of a global pandemic with people dying left and right is a housing shortage...

Well a buddy of mine died of it. But no change in the housing situation because his widow is still living in the house.

A colleague has all but died - hope he'll pull through but chances are slim. But he also has a wife. Don't know if she'll move if he doesn't survive.

Five people died of Covid in the small home for elderly where my GF works. That might start some movement in the housing market, as five other people can now move in.