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

[shahzadafzal]

Today is the Eid Day many Muslims celebrating Eid across the world... buy this was not what I was expecting on this Eid Day.

Usually on eid day elders will give money to the children and among close family members... And I almost distributed ~ $1500, but today my loss is not just 1500 but $1500 + 12% on my BTC

[Sayeds56]

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

[Paashaas]

Europe is moving out of lockdown, i can jump for joy and hugging everybody.

It feels like a ton falling of my shoulder, what a relief!

Gym's, museums, libraries, theme parks, terraces, hookers and tourism will re-open!

[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.

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).

I started with body weight exercises, but not to a degree they became effective, because tendons and joins started to hurt before i even got sweating or muscle burns.
Got into planking "by accident" and stuck a while to it, until i was able to do callistenics (sort of). Still doing a daily plank set, which is minimum work to keep my supporting muscles fit. Yeah, and the skateboarding would leave me with much more ankle, back and knee pains without it, too.
All the skateboarders of my age that i know (not even a handful any more) are lamenting about back and knee pains. I rarely do have em, but bruises start to take quite long to heal already. What in aging doesn't suck, though?  

[podyx]

Looks like bubble might burst and we headed down to $30kish?

[aesma]

Double dip ! Buying or waiting, difficult choice. I bought a little.

[mikenz]

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.

not plausible. Charity organisations, as everyone else, are not allowed to just keep stolen funds neither its theirs.

[Philipma1957cellphone]

^^
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

He may have been using binancs.us

[Philipma1957cellphone]

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.

not plausible. Charity organisations, as everyone else, are not allowed to just keep stolen funds neither its theirs.

Not if the charity is in North Korea

[LoyceV]

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.

As I read recently: "You don't go to your grandpa's grandpa for tech advice!"
(I don't remember the source)

[El duderino_]

I can only hope for those not buying the dip or waiting ... to end up with less btc or higher priced btc’s ...

[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.

It does make you wonder where the term "smart money" comes from?
Doesn't seem that smart to me.

You are correct, machasm.

Many of us likely realize that "smart money" does end up proven to be "not very smart" after many years, but on a contemporary basis, we surely might NOT be able to accurately assess which money happens to be smarter than other money, even if we might have some decent suspicions but the evidence is not always going to be unambiguous to conclude which is which.

Isn't it a Chinese exchange run offshore.

Edit: from the wiki

Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved out of China due to China's increasing regulation of cryptocurrency.

These guys are as dodgy as Bitmex, remember when the SEC got onto them and the Barts ceased and then the BTC price went up and never looked back. Binance has taken over their role I suspect. It makes you wonder if these exchanges get pressured by certain authorities to use there opaqueness to prevent BTC growth.

Takes tin foil hat off.

I sometimes wonder why supposedly long-termers like you, somac, get so delusional about exchanges or entities that are trying to avoid various kinds of governmental oversight and then to suggest that they are either conspiring with governments or that they are fucking over the bitcoin because they are manipulating it too much through their attempts at wild, wild west operations.

Sure, maybe we don't really disagree in the end about a certain need for standards, but still some of these seemingly cheering on of government crackdowns or overly attempting to describe the exchanges with wild, wild west as the villians seems to be just confusing matters rather than really attempting to accept a certain amount of the wild wild west dynamics that are likely existing with these various systems including overly jumping on the bashing of the exchanges that attempt to operate outside of some of the ongoing jurisdictional overreaching dynamics that we get from certain countries, too.

Kind of reminds me about how anti-bitfinex so many folks were in 2016, especially around the time of their supposed hackening in about August, and sure some of the bitfinex story does not really add up either, but sometimes the conspiracy theories including the bashing on USDT get carried to similar extremes that seem to be likely assuming way more bad faith from the entities that are actually having quite a few troubles attempting to operate without getting beat up by governmental overreach, and sure even BTC-E that tried for quite a long time to continue to operate without falling into any jurisdiction (kind of like bitcoin itself) got accused of a lot of insider corruption matters that may or may not be true and at the same time quite a few users of their system were not able to get their coins back, and may well not have been caused by the actual operators - but really been a result of various governmental overreach and some of the users who end up losing their coins (yours truly included) are not really going to end up knowing the full story but many of us should be somewhat skeptical of some of the sources that seem to presume that the exchange operators were evil, corrupt, manipulators, greedy, blah blah blah.. rather than trying to actually contributing to the bitcoin community (while profiting and sometimes getting involved in shitcoins along the way too.. which is not illegal either, even though some of us might choose not to get involved in shitcoins or to operate businesses that allow leverage, but still there are varying ways to operate businesses, without presuming evilness to such operators without having enough information or likely even agreeing too much with some of the FUD spin).

[Sayeds56]

Europe is moving out of lockdown, i can jump for joy and hugging everybody.

It feels like a ton falling of my shoulder, what a relief!

Gym's, museums, libraries, theme parks, terraces, hookers and tourism will re-open!

[El duderino_]

https://bitcointalk.org/index.php?topic=5337266.0

Hope a true WO to win

[OutOfMemory]

https://bitcointalk.org/index.php?topic=5337266.0

Hope a true WO to win

Hooray!!!
Back again 
On the birthday of one of my children, by the way

[El duderino_]

https://bitcointalk.org/index.php?topic=5337266.0

Hope a true WO to win

Hooray!!!
Back again 
On the birthday of one of my children, by the way

Summer start and iconic nr 21... Leggo...

[d_eddie]

https://bitcointalk.org/index.php?topic=5337266.0

Hope a true WO to win

El duderino's games are the hottest spice in the WO.
Thank you dude!

[Dabs]

I started with body weight exercises, but not to a degree they became effective, because tendons and joins started to hurt before i even got sweating or muscle burns.
Got into planking "by accident" and stuck a while to it, until i was able to do callistenics (sort of). Still doing a daily plank set, which is minimum work to keep my supporting muscles fit. Yeah, and the skateboarding would leave me with much more ankle, back and knee pains without it, too.
All the skateboarders of my age that i know (not even a handful any more) are lamenting about back and knee pains. I rarely do have em, but bruises start to take quite long to heal already. What in aging doesn't suck, though?  

Ahhh.... I don't think you're that much older than me or the other senior citizens.. I can show you a video on youtube of a 91 year old woman doing weighted barbell exercises. So that's good motivation if you can't do it. She's also a "normal" person.

https://www.youtube.com/watch?v=3585w9FmOGs
https://www.youtube.com/watch?v=k6GHHzIByOk

I'm biased towards barbells, but those are some inspiring people. They'll die within 10 years, but they'll be strong and not complain of back and knee pains until then.

[JayJuanGee]

They will keep printing, and announce YCC to the world and act like they are saving markets from out of control inflation. But it'll keep rising, especially in assets.

The billionaire talking heads will keep spouting "market bubble" and "potential selloff", all the while continuing to buy buy buy the stock market. It'll keep hitting ATH after ATH.

Is the problem money is being printed or demand+debt is at insane levels. Everyone coming out of this pandemic wants a new house, horse, and hooker so I would expect the prices for these (limited, although onlyfans will supply an endless stream of hookers) assets would rise regardless of current monetary supply.

The real fun comes if people can tap debt once again to bid up the prices of goods. Then we have 2004-2008 all over again where those of us with money are constantly outbid by people who are using debt to mortgage their houses, cars, souls, kids, and whatnot. Bad financial choices wind up driving out the good.

I largely agree with you lightfoot, but your last sentence summary causes you to come off as more pessimistic than necessary.

Many of us longer term bitcoiners recognize and appreciate that Gresham's law is an actual dynamic that causes value to ultimately flow into the products, goods, services, assets that are the most valuable including a certain amount of gravitation towards assets that are going to retain value with the passage of time - even though many of us do need to regularly consume, if we have ways to structure our own situations that it is feasible to defer some of our gratification, many of us are going to recognize the value of bitcoin and even start to direct portions of our value storage into bitcoin and such ongoing cascading effects are likely to be measurable in very revolutionary wealth transferring kinds of ways, even if a bit more difficult to measure in the shorter term or even on the individual level.. because there are going to continue to be a lot of normies and regular joe blows who do not "get it" and some normie peeps just have a lot of trouble employing delayed gratification, even if it would be to their advantage to do so.. even in very small amounts.. they cannot do it, and many of our systems have provided short term rewards to them for not employing deferred gratification and they might not end up realizing the degree of their fuck up until it is either too late to reverse it or they just cannot bring their lil selfies out of their pattern of their behaviors even though on a logical level they realize that it would be for their own good to attempt to employ greater amounts of deferred gratification.

What I wonder is why people don't just shift their loads to ETC. Same network with some integrity.

It's not the same. It doesn't have any of the subsequent hard forks or EIPs or something... I don't think UniSwap is on it, or if it is, the volume isn't there. While one can argue it is the original ethereum, not like bcash which is the fork of bitcoin, it's being treated (by the market) as the second one.

ETH is going to 10k, it's almost at 5k. Then we'll see it hit 20k in a year or two.

Like most everyone here, I am not directly buying any of it. But I'll continually sell my ETH to get moar BTC.

I will grant you that ETH may well go to $10k or $20k in the near future, yet any investment (if we can stretch our imaginations to consider ETH in such category) has to consider a variety of downside scenarios that cause it to be a very bad place to gamble, even if your goal might be to use it in a way to stack more BTC.

So, proclaiming that you are using ETH in order to be able to stack more BTC seems to be on quite pie in the sky speculation - even though I know that even my commenting on your intentions in terms of a piece of crap has some invitation to further talking about such nonsense here - instead of just moving the conversation to another thread in which people actually believe that there is any kind of need to have some of their value (that would likely be better placed in BTC) to be placed in gambling practices. 

By the way, I can somewhat "accept" that peeps should be allowed to gamble because they are going to do it anyhow, if they otherwise have their cashflow in order (including having their BTC stash in order) and the extra gambling is just a relatively small amount of their value, just for funzies.. so I can appreciate those kinds of approaches rather than talking about ETH and taking it seriously, even if many of us recognize and appreciate that there are a lot of dumb fucks in the world that are likely to cause ETH to pump the fuck beyond its value (like it already has done) and including our lil selfies into that system just seems like a big ass waste of time, except maybe if it is really small amounts of value and peeps already got their shit in order (which frequently peeps do not sufficiently got their shit in order to be playing around with crap like ethereum or any of the other scams that are connected to it - even while recognizing and accepting that it may well continue to pump).

[explorer]

  What, where we went from $250 down to $30 in April (May?  It's been a while)?  That seems unlikely.  I unlike it.