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

[LFC_Bitcoin]

@Pathtomanliness
People are cheering that bitcoin dropped

Yeah, it’s been a rough year. Don’t know how we will get thru it


https://twitter.com/pathtomanliness/status/1392844249553678339?s=21

[Elwar]

I have a feeling that the total number of Teslas bought with Bitcoin == 0.

I think this is one of those "you can't fire me, I quit" scenarios. Musk was expecting a bunch of people to roll in with their Bitcoin and nobody came to the party.

This is likely it. With the cruise ship we mainly blamed it on not being able to get insurance (which was the last straw) but the fact that only 2 people bought a cabin played a huge role in our decision.

Everyone thinks it's a great idea, but nobody wants to put their money where their mouth is.

All of those businesses that put "Bitcoin Accepted" signs on their stores would usually say that they'd get about 1 or 2 people a month that would pay in bitcoin.

I used to go to places that accepted bitcoin for payments while traveling and usually the iPad that they used wasn't even charged or they would just simply say the bitcoin payment was "down".

As much as I wish it was a payment gateway, Bitcoin is primarily used as a replacement for gold. But at least it is getting a great payment gateway built on top of it, which takes hardly any C02 per transaction.

[Richy_T]

Whats their address?

Having one address is a bit oldschool. One should generate a new address for each transaction.

The whole thing about Bitcoin energy use should be put on the right path. Miners pay electricity. They pay because they consider that the costs are lower than the benefit. They have a benefit because Bitcoin proves valuable. If Bitcoin would have no value, no one would mine it.

Short cutting this: the energy use shows how valuable Bitcoin is. And it’s still increasing. Apparently the market appreciates sound uncensorable money.

I don't think this whole energy use concern thing is coming from people who are concerned about energy use anyway. There are a raft of people who have an interest in attacking Bitcoin and everything else has failed so far. As will this.

All of those businesses that put "Bitcoin Accepted" signs on their stores would usually say that they'd get about 1 or 2 people a month that would pay in bitcoin.

I used to go to places that accepted bitcoin for payments while traveling and usually the iPad that they used wasn't even charged or they would just simply say the bitcoin payment was "down".

We put one on my wife's business and got a total of 0 users. Which is probably just as well as when I instructed people on how to take it, it went in one ear and out the other. I just considered it as a way to advertise Bitcoin. Of course, most consider that use case as below Bitcoin now anyway so there isn't one at her new location.

[friends1980]

@Pathtomanliness
People are cheering that bitcoin dropped

Yeah, it’s been a rough year. Don’t know how we will get thru it


https://twitter.com/pathtomanliness/status/1392844249553678339?s=21

^ This. ^

Who cares about volatility, as if that's news to us.

And who cares about Musk.

Or JP Morgan. Or Buffett.

Or ...

[Dabs]

And who cares about Musk.

Or JP Morgan. Or Buffett.

Or ...

I actually "care" about Musk and Buffett, not so much JP Morgan, but then JP Morgan is a bank. Buffet,  I'm concerned as I think he and Munger will die without owning any bitcoin, but that's okay. I just hope they eventually understand it and not be so negative. It's obvious to us coiners that they don't understand it and why their reaction to bitcoin is the way it is. They've never really understood new technology or new combinations of old tech into something new so it's no surprise they don't understand bitcoin. Apparently, they are not even taking the time to study it as it really only takes you a couple of months to understand some part of it enough that you'd decide to get some.

As for Musk, I "care" about what he thinks about the future of humanity and something he said about AI. And I like the way he explains rocket science in a way that other people can understand.

Do take note that Tesla is not selling any bitcoin, not right now anyway.

[MERlT]

Well, the last few hours has definitely been something interesting. Good to see we bounced right the fuck off the 46k mark and now back into the 51's. Kinda sad one person, who is relatively new to crypto and BTC in general, can make a tweet and cause this much panic. I'm not sure what the fucking end game was here but I can tell you it's got nothing to do with BTCs environmental impact. If he gave a shit about that his strip mining operations for lithium would stop too. Plus he's hurt his own investment by knocking the price down some. Time will tell I guess but BTC is bigger than one person and let this serve as a warning to us all... don't champion a single person as a hero in this space, humans are shitty and invariably will let you down

You would think that after the whole "from 'Bitcoin Jesus' to 'Bitcoin Judas' " fiasco, the community would learn that lesson.

But oh no...

The world has an endless supply of fuckwits, sheeple breed at a phenomenal rate, a bit like cockroaches, and the Banksters have beguiled them with "Crypto" the so called next big thing.

All these shitcoins are nothing more than FUD tools, to be utilised to discredit and distract from Bitcoin.

Elon is just another of these Trojan Horse "good guys" that apparently are anti establishment, but really as evidenced by history are just another privileged cunt speaking with a forked tongue.  

Yep, it's not like the old days and never will be again. If we want adoption we have to put up with idiots. At least those idiots will now be protected from government/CB printing though. That is, when they eventually stop selling.

The CB will never stop selling, not when they can print FIAT Ad Nauseum to buy bitcoin to dump, notwithstanding the dumb sheeple and slimy day traders in cheap shiny suits.

As it stands with have the  Binance & Coinmarketcap tag team, controlling the alleged BTC/FIAT price indicator, and the Old Boy Legacy Bank Network morphing into the New Boy Network as evidenced by Elon and the other tossers from that cabal.

Fuck! Humans

Now for todays weather....  

[Elwar]

To the bitcoin n00b hodlers:

Bull runs do not end following a month of fairly stable prices.

It usually follows the price jumping 2x in a week or so.

[BitcoinBunny]

MMCrypto figured out why Musk ditched Bitcoin and frankly, it's shocking.

https://www.youtube.com/watch?v=x4168RYuMs4

[fillippone]

YUGE



https://twitter.com/fillippone1/status/1392883658353172489?s=21

EDIT: let me clarify. This is FUD maybe, but the signal is that US regulators want to get rid of every exchange not fully abiding to their regulation (Binance and Bitfinex) to clean the space before eventually approving a bitcoin ETF. 

[OutOfMemory]

Back brace. Even the little Home Depot soft one. They look stupid yes, but man does it totally solve the back problem.

I actually think I need to work it *more* and lose some weight. Semi-retirement has made me soft and flabby(er). It was actually feeling a lot better by the end of the day (endorphins kicking in?)

If I may suggest: try back exercises, deadlifts, squats, pull-ups / chin-ups ... start light or bodyweight then work your way up slowly, like take 2 weeks to go from zero to 10 kgs / pounds or something. You'll figure something out and your back will thank you.

I'd reccomend planking, though. up to 60 secs elbow, up to 45 secs side (both) and up to 120 secs back, as a set up to three times a day. Gradually increasing.
This is what made me sit and stand upright for hours with no back problems anymore.
Those moving exercises are bad for your joints mostly, especially using weights. You can do that later, when the supporting muscles are developed through planking.

[marcus_of_augustus]

.... Musk been naughty boy doing Dogestyle manipulation on Binance?
... phone call from DoJ will make people start acting real weird

[rdbase]

^^
This is nothing new to Musk as he had been probed by the DOJ before in Tesla and now by the SEC:
2018
https://www.industryweek.com/leadership/article/22026366/tesla-is-facing-us-criminal-probe-over-elon-musk-statements
Stonk inquest
https://www.pcmag.com/news/report-elon-musk-tweets-prompt-doj-fraud-investigation

now for doge
https://www.independent.co.uk/life-style/gadgets-and-tech/elon-musk-twitter-dogecoin-sec-b1807858.html

So he is a character to always seem to look for trouble.
Is this an underlying sign of this syndrome he claims to have in aspergers?

[El duderino_]

YUGE



https://twitter.com/fillippone1/status/1392883658353172489?s=21

More FUD.

[marcus_of_augustus]

^^
This is nothing new to Musk as he had been probed by the DOJ before in Tesla and now by the SEC:

... it's illegal for US citizens/entities to use Binance, that would be 'new' for Elons-got-fleas

[OutOfMemory]

YUGE



https://twitter.com/fillippone1/status/1392883658353172489?s=21

More FUD.

*yawn*
When mainly institutions and hodlers are in Bitcoin, nobody will give a F.
Only noobs will be scared off Bitcoin unless they have tight hands.

[El duderino_]

As OG bitcoiners, WO’s .... we should be used to this ... we shouldn’t fall for FUD and media BS etc

So $ value of a BTC is a bit lower as a few days back....  if we wanna hold our $ in BTC for long term safety, long term vision of being much safer with our wealth stored in BTC then what does the $-today price means, that’s right completely nothing

[philipma1957]

All this has occurred as a reaction to the hack of the USA fuel pipeline.

Multiple sources say they {russian hackers} were paid a large sum in digital ransom. Biden refused to comment on it when directly asked about the pipeline owners paying ransom.

So retaliation is being done via Musk's tweets. The governments of the world can't stand it that a white hat hacker that believes oil/gas is

evil hacks a pipeline then  opens  a BTC wallet to take in 100 coins and then simply give the money to a charity.

This terrifies all major companies and governments in the world.

You won't ever find that hacker if he simply gives the ransom away to charities of the world.

So now Musk and other stooges will do as the government asks tp help keep coins in check.

[Dabs]

Back brace. Even the little Home Depot soft one. They look stupid yes, but man does it totally solve the back problem.

I actually think I need to work it *more* and lose some weight. Semi-retirement has made me soft and flabby(er). It was actually feeling a lot better by the end of the day (endorphins kicking in?)

If I may suggest: try back exercises, deadlifts, squats, pull-ups / chin-ups ... start light or bodyweight then work your way up slowly, like take 2 weeks to go from zero to 10 kgs / pounds or something. You'll figure something out and your back will thank you.

I'd reccomend planking, though. up to 60 secs elbow, up to 45 secs side (both) and up to 120 secs back, as a set up to three times a day. Gradually increasing.
This is what made me sit and stand upright for hours with no back problems anymore.
Those moving exercises are bad for your joints mostly, especially using weights. You can do that later, when the supporting muscles are developed through planking.

I'm a believer of weighted exercises or resistance training, but I'm not opposed to doing planks. I just didn't do those. Maybe if you have difficulty trying to sit on a chair and standing up, then you might need a little bit more rehab type exercises. But if you can sit down, and then stand up, then you should be able to do at least bodyweight squats (or air squats, meaning, without a bar or weights).

[JayJuanGee]

Yes ETH is a centralized shitcoin and a mess in so many ways, but nobody seems to care about that. The attitude is "well they'll solve all those problems with future updates". Maybe they will, maybe they won't. Either way I don't think it matters. ETH has their network effect, just like BTC does, there will be no ETH killer, but with all the extra shit that is flooding their network as time goes on, how could it not beat BTC, the digital gold that everyone just hodls but doesn't do much else with.

I won't be investing in it, but also don't want to be disappointed when (if) it does unseat BTC. I don't think it will be able to take BTC place this cycle either, but next on, maybe.

If you think that a centralized mess of a shitcoin with a 90M pre-mine and currently $50-500 transaction fees will ever "overtake" BTC, then you are delusional. And POS will be a big fail.

Of course the shitshow of ethereum et al is so god damned frustrating on an ongoing basis to see the various levels of bullshit pump and dump projects, and so many of us just wished that they would hurry the fuck up with this imminent^tm transition to POS that has been being promised from that smoke and mirrors scam project since about 2016, but for some reason, they are continuing to project such best shit in the world pie in the sky vaporware transition into the future. and it never happens and how long can they keep the pyramid scheme or ponzi (or whatever other descriptives apply) going.

People are both greedy and gullible as fuck, so sure, the various ethereum marketers and scammers have made enough money (it seems) to be able to keep the scams going for a hell of a long time, 15 to 30 years does not seem unobtainable, because they can continue to suck off the teet of bitcoin's security and delude the ongoing stream of new adopters into their every shifting new ways to make money that are going to "change the world" blah blah blah..

And, I am not even saying that there are not some innovations on ethereum or related to ethereum in terms of creative (and gamification) ways to ongoingly use various technical mechanisms to part normies from their money and even allowing for some of those normies to get rich too through their ongoing injection of cash and likely ongoing confusing various regulators in such a way that the smoke and mirror schemes can go and go and go... of course, until they don't and of course, when momentum changes, there can be some additional ruthelessness that plays out when some of the froth gets corrected out from time to time (and not even sure when those various harsh and punishing corrections will be).

[UnDerDoG81]

YUGE



https://twitter.com/fillippone1/status/1392883658353172489?s=21

More FUD.

Isn´t it funny how perfectly timed these things happen every time there is a dump going on already!

Btw. sell BNB? I hold too much of them