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

[d_eddie]

Your short post history is pretty much the same. This way, I think you are not going to become very popular here.

Not looking for popularity from an Internet Forum. Only sharing innovative ways to promote Bitcoin to the community via education and ecology.
Take it or leave it. If the innovation is too much for moderators, they can continue deleting  
Anyone else managed to promote Bitcoin on Mothers Day or just me?
I hope that was a long enough comment for you to share knowledge.

I smell a Cuntonian...
Have you ever heard about Kathleen's bike?

[Sayeds56]

I hope we'll get to 100k before stupid ETH.

A de-merit for doubting  

Formation of 3 active inverted Head and shoulder patterns. These patterns have as targets 61500, 65000 and 68700.




https://www.tradingview.com/chart/BTCUSDT/hJ6oV9U2-BITCOIN-BTC-Now-3-active-inverted-head-and-shoulder-formations/

[strawbs]

↑

Nah, that's a tea pot and pan handle, surely. It means stuff will happen really soon. Although there is a risk that it forms an inverted bed pan, which is when things get really messy.

[d_eddie]

Also retail can be stronger than we all think. Look at Gamestop, its at 150 right now, never did go back down.

Robinhood too lazy to fuck them over again? Just wait...

[d_eddie]

There are too many retard noobs dabbling in alts. The alt market is getting over heated & a nice, healthy shakeout of everything wouldn’t necessarily be a bad thing.

Flush all the weak hands away from everything, scare penny alt chasers away & let King Daddy continue his ascent to $100,000.

Only 100k? Sad to see LFC_Bitcoin turned into a bear... 

[Raja_MBZ]

[gallianooo]

Hmmmm goat and Bitcoin  .... Bullish or f***ing goat dip incoming  

[Biodom]

I am calling my snake (and a virtual one at that) Zuck...seriously, who gives a f-k?
Can't he keep this to himself? TMI

[shahzadafzal]

Who let the goats out?

[BitcoinBunny]

Bullish. Or should that be buck-ish?

[d_eddie]

I am calling my snake (and a virtual one at that) Zuck...seriously, who gives a f-k?
Can't he keep this to himself? TMI

Maybe they told him to keep his post average up, or he'll be banned from Facebook?

[dakiller322]

https://pbs.twimg.com/media/E1EEypAVgAMasFX?format=jpg&name=900x900

Trying to jump on the Elon edgy cool kids bandwagon of subtly promoting crypto, but posting the lamest PC / SEC friendly thing imaginable?

"Hey guy's, I'm a super rich tech guy and down with the latest too you know."

(or am I reading into it too much)

[d_eddie]

OK, enough banter for now. Let's talk some business.

The sentiment is that badger is coiling, ready to jump at that delicious hive that looks full of honey up that tree.

I have a fixation with "macro" numbers right now: questions such as the following.

1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".

The reason for this fixation is that I think these instadumps are just whales maneuvering. They want to sweep the leveraged longs so they profit moar with the impending leg up. I'm thinking of a smallish leg, not a 2x. Something around 70k.

My point of view at the moment is all qualitative feeling: there's no serious analysis behind it. Some guy whose analysis I trust said it looks to be floating upwards, but there won't be a real breakout as long as the daily RSI doesn't break out of a downward channel entered in January. Some other guy says it's too expensive and/or risky for any rational actor to bring the price below ~49k: Saylors etc. would swallow the corn in one or two bites.

These "serious" bits of analysis are more quantitative and look better than my qualitative SOMA ramblings. So a few approx numbers from our resident wizards could reinforce my theory or make me throw it away. I know the questions aren't easy, or maybe even interesting enough, but the WO gathers some of the smartest OGs. So - any takers?

[Biodom]

If any of you are not in US and some other countries (OK for EU), and can invest 200K euro (for 2000TH), consider this:
https://stokr.io/blockstream-mining/pitch
Nice graphs are presented, but there is a catch-you only get ALL your mined btc in 3 years.
It does not seem too many takers 6 days from conclusion.
I guess getting in all at the end is a bit weird.

[d_eddie]

If any of you are not in US and some other countries (OK for EU), and can invest 200K euro (for 2000TH), consider this:
https://stokr.io/blockstream-mining/pitch
Nice graphs are presented, but there is a catch-you only get ALL your mined btc in 3 years.
It does not seem too many takers 6 days from conclusion.
I guess getting in all at the end is a bit weird.

Minimum 200k, and qualified investor status.

If they really wanted to involve more people, they'd lower the minimum stake significantly. 200k locked for 3 years doesn't sound a super exciting prospect. Insurance for the winter, possibly? At 200k a pop it's still not attractive as a lambo with the customary complement.

[d_eddie]

1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".

My trusted analyst qualitatively hinted that I have too much focus on the short term.
Falling for FOMO am I? Where Lambo? Sh**, I should have bought doge... 

[Biodom]

If any of you are not in US and some other countries (OK for EU), and can invest 200K euro (for 2000TH), consider this:
https://stokr.io/blockstream-mining/pitch
Nice graphs are presented, but there is a catch-you only get ALL your mined btc in 3 years.
It does not seem too many takers 6 days from conclusion.
I guess getting in all at the end is a bit weird.

Minimum 200k, and qualified investor status.

If they really wanted to involve more people, they'd lower the minimum stake significantly. 200k locked for 3 years doesn't sound a super exciting prospect. Insurance for the winter, possibly? At 200k a pop it's still not attractive as a lambo with the customary complement.

Well, 2000Th is roughly 20 S19, which go for $12-15K a pop on ebay (there are NONE for sale by the manufacturer until...who knows when [unclear]) which is pretty close to 200000 euro. Yep, they could have made it a bit more 'bargainy' and it shows.

[Biodom]

one thing occurred to me..with all those people negging on the "use of energy"...it has to be that use of energy that might be important to put value into btc (and Saylor often talks about it).

If NOTHING was used, I have difficulty understanding the "true" value claimed to be created.
It becomes more like a ethereal game of sorts, but even gamers understand that their games consume quite a bit of energy.

There has to be some math behind the fact that you are typically using energy to create anything of value.
A connection between energy and information, perhaps?
Like here:
https://physics.stackexchange.com/questions/38368/how-is-there-a-connection-between-energy-and-information

[franky1]

blockstream 2000th
=0.01btc a day for 14days=0.14btc
difficulty adjustment 5%=5% less per fortnight

daily                 fortnightly
0.01000000   0.14000000
0.00950000   0.13300000
0.00902500   0.12635000
0.00857375   0.12003250
0.00814506   0.11403088
0.00773781   0.10832933
0.00735092   0.10291287
0.00698337   0.09776722
0.00663420   0.09287886
0.00630249   0.08823492
0.00598737   0.08382317
0.00568800   0.07963201
0.00540360   0.07565041
0.00513342   0.07186789
0.00487675   0.06827450
0.00463291   0.06486077
0.00440127   0.06161773
0.00418120   0.05853685
total after 9month   1.68779991
total after 36month    2.73029601

so they want you to pay them 3.448btc now ($200k at~$57k/btc)
to receive 2.73btc in 3 years

anyone see the problem 3.448 in...2.73out

[Richy_T]

one thing occurred to me..with all those people negging on the "use of energy"...it has to be that use of energy that might be important to put value into btc (and Saylor often talks about it).

If NOTHING was used, I have difficulty understanding the "true" value claimed to be created.
It becomes more like a ethereal game of sorts, but even gamers understand that their games consume quite a bit of energy.

There has to be some math behind the fact that you are typically using energy to create anything of value.
A connection between energy and information, perhaps?
Like here:
https://physics.stackexchange.com/questions/38368/how-is-there-a-connection-between-energy-and-information

That sounds a little like it's swinging towards the labor theory of value which has been completely debunked for a long time. Not that I think that's what you're aiming for but be careful.

The simple truth is that something of value is being provided and that justifies the energy used. Could it be done another way with less energy? Well, (ignoring that the block reward is still quite high which may actually be quite important), I would say no. The point is that you have to put something in to make sure you have skin in the game and to keep everyone honest. I really don't see proof of stake working out.

One thing I will put in is that the size of a block is independent from the power put into hashing it. So if one wanted to be eco friendly, it would not be hard to increase the transactions per Watt. I leave how to your imagination


That makes me think, was the Blockstream hit piece above created by big blockers? I'm no fan of Blockstream but don't think such tactics would very honorable. Plus it sets a bad precedent wrt the energy usage argument.

so they want you to pay them 3.448btc now ($200k)
to receive 2.73btc in 3 years

Hah, I'm sure something probably got lost in the translation. Though I definitely don't have a good opinion on Blockstream's math capabilities. This smells more to me like the VC money is running out.