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

[Dabs]

I am starting to feel dirty by talking about these pieces of shit so much in this thread.. sorry guys, but jesus fucking christ, why are supposed bitcoiners wanting to ongoingly present shitcoins in this thread and engaging in ongoing slippery-slope posting behaviors by suggesting that they are "legit" or that they have some kind of positive attributions (or contributions) in any way? .. fuck that.

You can stop talking about them, or stop reading them, or maybe even "ignoring" them, (but I would not do that personally), if you really don't like shitcoins. I am merely talking about them from the perspective of an escrow who was asked to assist in the ICO of such coins, and I have done a fair share of them. Hundreds of people send me BTC, the coin gets launched, I help distribute the premined allocation according to the contributions, all done with spreadsheets and math or sometimes semi-automated, and that's how "we" (the escrows and the rest of the community) defined "legit" back then.

There were coins that were complete vaporware, or never launched but collected BTC.. Obviously those are not "legit".

So maybe we differ in definition of what "legit" is or was, and I completely understand your frustration about the whole thing. If it's not bitcoin, it is most likely not "legit", and I'm fine with that.

Your failing to acknowledge the existing of shitcoins (and you know they are out there, even if you believe their true value is zero) is getting you all worked up having a discussion about them. I do know the value of bitcoin, but you think I do not because I mention the supposed value of other shitcoins or altcoins. It is not me giving them value either, but the market.

Sometimes it seems like we might be thinking like the bankers, not giving "intrinsic value" to bitcoin, because that's how they think, when talking about shitcoins.

I simply keep an open mind, without assigning value to them from me. You seem to insist that keeping an open mind about shitcoins is a failure.

And for that, I'll probably accept it. As failure eventually leads to success somehow, and knowing how to get up when you fall is better than not falling at all, because we learn.

It's nice to think we don't have to fall tho, but that rarely happens.

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[shahzadafzal]

On topic (Binance FUD debunked, by CZ):

https://twitter.com/cz_binance/status/1392898786607828995

That’s what we call yellow journalism....!!!

[Dabs]

Yeah, NOW i can, but i couldn't back then (from 2011 to no more than 4 years from now, actually). Body weight is still my preferred method, because i'm not that heavy and i can "adjust" weight by adjusting the angle to the gravitational axis. I just need something to hold on to, a pole, a branch of a tree, even a gate or fence will do.

There's a limit to how much you can do with just bodyweight and angles and such, altho it can get very high as seen with gymnasts who do rings. Still, beyond a certain point, you can add weight to whatever it is you are doing. Backpack with heavy books ... or weighted vest ... for example. And it's easier to keep track of the numbers that way.

Add 1 kg or 1 pound this week.. Add another next week. Add a couple more next month. You can track progress.

[Sayeds56]

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

BTC should rise now after Huge Dump.

[Arriemoller]

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!

I guess that depends on how you define Europe, Sweden never had any lockdown to begin with, and I'm pretty sure we are in Europe.
But congratulations to you who have been locked up by your own governments and can now roam somewhat free again.

Yes, but Sweden didn't need a lockdown, because most people behaved well, in accordance to WHO guidelines of expositions-prophylaxe.

I was gonna argue with you, but then I realized that most people did behave actually. Maybe not in the very beginning, you could still see crowded pubs back then, but later on it got better.
And, what's planking?

[Arriemoller]

And thank you very much dude for the game, I love them, I never win of course, but I love them nevertheless.

[JayJuanGee]

Biden Proposes $2 Trillion Bill To Study What's Causing Inflation Rates To Rise.

President Biden proposed a $2 trillion spending bill Monday for the purpose of determining the cause of rising inflation. This is Biden’s fourth proposed $2 trillion bill in as many months.

“The cause of inflation is a major concern for all Americans,” Biden told reporters. “Rest assured, your government is committed to spending however much taxpayer money it takes to get to the bottom of this malarkey!”

According to Biden, the cause of the rapid increase in inflation has been baffling his economic experts for weeks. “All we know is that some mysterious event happened around January 20th which caused inflation to skyrocket out of control,” Biden said. “We don’t know what that event was exactly, but we do suspect President Trump was involved somehow. And maybe Russia.”

Surely, it could be interpreted as humor, even though there are real world impacts that come from such strange comments...

You must be quoting from the Onion, no?

[edited out]

but i dont know anything anyway sooo im oout xD
[/quote]

Well, that should go without needing to actually say it, no?

Just noticed what you did, you dorks!

You did not even use "nohomo", so it is good to make negative inferences from your failure/refusal to properly disclaim.   

As a Legendary, you should know better!!!!!!

 

It's good practice to hold Legendaries to a higher standard.  hahahahahaha

So Zuckerberg is a nothingburger 

Ceiling Zuckerberg is watching you masturbate.

Then again this dude has NP with that lol... a dick is a dick

Calls for a pee pic, no?   

[Dabs]

And, what's planking?

To me, it looks like a push-up, but you don't go down. You just hold your position for time.

Like, push-up, 1 ... then count to 30 but don't move..

When you can do that for 3 minutes straight, it's time to ask a little kid to hop on your back and try it again. You know, weighted planking.

[JayJuanGee]

Guys, remember halving? It was May 11, 2020.

I love anniversaries.

We did 6.65x since then.

History of Bitcoin Halving.

That's a pretty damned old chart, isn't it?

You could not find anything more contemporary than late 2019 in order that we (those of us looking) could actually see how the actual numbers plot out on such a chart after late 2019?

Sure there is some historical value in showing that historical calculations (and even projections) end up playing out within reasonable parameters of their projections, but there is also value in seeing the actual data regarding how current (after late 2019) BTC price dynamics fit into that kind of a chart.

This is getting serious. Flicking the fuck-you switch? My finger is itching...

Generally speaking, serious tends to be good, and emotional tends to be not too good.. especially when it comes to certain kinds of financial considerations...

hahahahaha

"itching"   I like it.

Don't pull such switch too soon, and don't wait too long, either. I am glad that I could throw in my two cents..

You fuck.


hahahahaha

By the way, 208-week moving average crossing into $12,300 - not that you give too many shits about my own personal "worse case scenario" metric that I continue to like to throw out there into the bitcoin discussions from time to time for funzies when it seems somewhat relevant and I have not posted the actual seemingly ever increasing number for a while.

[Hueristic]

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

Hope a true WO to win

The Dude, doing what he does best!

Bringing joy to those around him in a time of tribulation!

[serveria.com]

Ok now waiting for an announcement from Musk saying Tesla have bought another portion of coins at $45k... same ol' shit 

[serveria.com]

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.

Yeah, NOW i can, but i couldn't back then (from 2011 to no more than 4 years from now, actually). Body weight is still my preferred method, because i'm not that heavy and i can "adjust" weight by adjusting the angle to the gravitational axis. I just need something to hold on to, a pole, a branch of a tree, even a gate or fence will do.

Oh noes, please tell me you're not this guy: http://www.mtv.com/news/3175744/lil-nas-x-montero-call-me-by-your-name/   

[JayJuanGee]

Doing my daily look at the mempool and the damn thing is near empty. 1 sat fees are now being processed now, so a great time to make some transactions.

Curious about ETH strength of late, I take a look at their mempool. Full, massivily full, and has been since the start of this year. Of course high fees are the norm but I think what this also says is that there is a tonne of consistant demand out there on their network, BTC looks like a ghost town in comparison. Now I realise this is because their network is clogged up with all sorts of silly shit (and BTC hash has increased), but if this demand is maintained (and I'm sure no one here wants to hear this), we have to consider the very likely possibility that ETH will eventually beat out BTC for the number one spot.

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.

I hope I am wrong.

I think ETH has its uses but I must say as the price goes up and the fees go crazy, it seems less useful, so it could be a bit like bitcoin, without the advantage of the limited supply.

Gosh, I did not realize that the only disadvantage of that piece of shit was a lack of limited supply.

You mean that Eth is otherwise similar to bitcoin except for its lack of a limited supply?  

Why is there so many tendencies for guys in this here thread to be giving benefits of doubt to pieces of shit, such as ethereum?  Or is it just me?  (this last question is rhetorical.. but sure, I understand that shitcoiners are going to want to answer my last questions and want to pump their shit in this here otherwise lovely (#nohomo) thread and act like they aren't)

'Doubling yearly' sounds good. I'm OK with that.

I think everyone is on the same page here.

That does not seem sustainable for very long to me, even if we are able to make such historical claims and even if it might end up continuing to happen for a few more years after we trajectory it out.. maybe past this cycle and the next couple of cycles.. perhaps?  perhaps?


Edit:  Oh looks like AlcoHoDL trajectored out the annual doubling to help provide some kinds of guidance and to ground us in terms of the realisticness of such annual doubling sustainability possibilities.

[Paashaas]

https://twitter.com/trylolli/status/1392607697501974528

Lmfao, many assclowns will buy this story... but not us, not us . There is no such thing as Renewable energy atleast not yet ! We are working on it !

ik ik, the truth aint a diaper but it stinks to many  

BTW Elon is just doing what everyone has been doing since Bitcoin came out.. i dont know why ya all butthurt cause he tweeting about Bitcoin etc. Miners been manipulating the Market like Elon wouldnt even think of doing.

https://www.youtube.com/watch?v=NfGw8crLcDw

Lithium mining and cobalt mines ran by children in Africa are better for the environment than btc apparently. Tesla charging stations are powered by fossil fuels. Don't buy Tesla!

You must be an idiot 2.0. Ignored.

This. Not to mention all the toxic garbage getting into the drinking water.

To be more specific, approx 1,890,000 liters ore 500,000 gallons water is required per metric ton of lithium. All those fresh water sources nearby will be polluted permanently. Can't imagine the damage done if all petrol cars are replaced.

When i was a slavewager my alarm went off 4 o'clock in the morning every singel working day.

Now i'm on retire mode i STILL waking up around the same time without setting my alarm, it's beeing printed into my biological clock i guess

Currently 04:13 in the morning having breakfast, waiting for the morning sun to start jogging.

Hah, wow. I was never a morning lark, always a night owl. Getting up to be at work at 8am was *hard*. But now I'm effectively retired, I get up a couple of hours later tops and can't reach the 1-3pm wake times I was capable of in my prime.

Same. 3-4am is nearer my bed time than wakeup time.

Going to bed now. From ~04:00AM to ~23.00PM.

Have a nice day.

[JayJuanGee]

I'd be fine with $123Million per BTC.

I'd buy every whore house in the world.

Priorities.

 

Well, golly gee, that seems quite imprecise bunny...

We need better numerology that would put the price at $123,456,789.01

I like that much moar better, and to me, it just seems better to specify exact happiness reaching thresholds.

I'd be fine with $123Million per BTC.

I'd buy every whore house in the world.

Priorities.

 

Why would you do that? You'd just be losing your money ... unless you get the profitable ones and make sure they remain profitable. Plus you have to deal with a lot of humans ... people ...

Surely seems like a big wasteful use of money for any adult reasonable and prudent person.. that's for sure.... and not very frugal, either.

seems da @bunny is a not very good role model.   

must +1WO merit you for that one, Dabs.

BTW, Graysclale is currently corn-holing their bitcoin investors (like myself in IRA) as GBTC is at almost record discount to btc (fluctuating between -15-18%).
Someone wants off of that wagon (GBTC).
Why Wall Street ALWAYS making s-t out of everything?

Actually, I have heard some seemingly reasonable bitcoiners making assertions that bitcoin is NOT going to be too ready to pump prior to GBTC getting the fuck back in line with proper BTC prices, and surely it should NOT need to get back to zero or even within a percentage or two from where it "should be", but almost anyone can  appreciate that the 15% to 18% negative premium is just "out of line" and causing some BTC price dynamic tensions - even if it is just one of the factors to account in current times.

On the other hand, sometimes, there could be forces that would like to blow GBTC and Barry Silbert the fuck up, and could manipulate BTC prices in order to punish them beyond any kind of reasonable expectations, and that is kind of what can happen with free markets and sometimes big players who want to take advantage of "awkward situations" and make some money at the expense of somebody else (including rich peeps taking money from other rich peeps... hahahahahaha.,.. pee pare ur lil selfies for any kind of scenario that could play out from where we be at and where we might be going.. this is not bat country anymore...).

BTW, Graysclale is currently corn-holing their bitcoin investors (like myself in IRA) as GBTC is at almost record discount to btc (fluctuating between -15-18%).
Someone wants off of that wagon (GBTC).
Why Wall Street ALWAYS making s-t out of everything?

That's their job. Exploiting opportunities for their own gains and shit on other's heads at the same time.

Sure Grayscale is likely a pretty BIG ass player, but it is likely NOT good for your health - either financially or psychologically to presume that even BIGGER players might want to attempt to teach them a lesson, whether successful or not might be another story.

Is that a selfie, Torque?

 

Opsec, dude.. Opsec.

 

You will thank me later.

BTW, AlcoHoDL...

100% per year = 2x per year.

200% per year = 3x per year.

Man, how did I miss this? Thanks for point it out. Original post updated. Saylor's numbers looked a bit too high, but I guess the bull in me wanted them to be so... Now they make more sense:

Saylor's 200% up (3x) yearly growth prediction goes like this:

End of:
2020 — $30k
2021 — $90k
2022 — $270k
2023 — $810k
2024 — $2.4M   <--- sat/¢ parity (1 BTC = $1M) by early 2024
2025 — $7.3M
2026 — $22M

I wish it ALWAYS goes up 200%...but...remember 2014-2015 and 2018.
In short...it doesn't, so it might me something like:

2021-90K
2022-270K, then 60K
2023-180K
2024-540K
2025-3.3 mil, then 0.8mil
etc, etc

I doubt that there is anyone who is realistically looking at historical BTC price performance who is actually saying or even projecting that BTC is going to be smooth or without corrections or without significant underperformances of the 2x or 3x trajectories, but even your anticipating of something like $3.3 million by 2025  would be well within a variety of 2x trajectories even if the before and after years happen to fall below such 2x trajectories.

[aesma]

a 3 million dollars BTC in 2025 seems lovely (especially for someone like me with a small stash) however I fear it would mostly mean the dollar is worthless by then. Not in a "but it's already worthless" kind of way, but as in "you need stacks of 1000$ bills to buy a baguette".

Doing my daily look at the mempool and the damn thing is near empty. 1 sat fees are now being processed now, so a great time to make some transactions.

Curious about ETH strength of late, I take a look at their mempool. Full, massivily full, and has been since the start of this year. Of course high fees are the norm but I think what this also says is that there is a tonne of consistant demand out there on their network, BTC looks like a ghost town in comparison. Now I realise this is because their network is clogged up with all sorts of silly shit (and BTC hash has increased), but if this demand is maintained (and I'm sure no one here wants to hear this), we have to consider the very likely possibility that ETH will eventually beat out BTC for the number one spot.

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.

I hope I am wrong.

I think ETH has its uses but I must say as the price goes up and the fees go crazy, it seems less useful, so it could be a bit like bitcoin, without the advantage of the limited supply.

Gosh, I did not realize that the only disadvantage of that piece of shit was a lack of limited supply.

Don't worry I'm not into ETH, I own one that I got for 100$ I think. I used to mine it of course before the DAO thing.

Ethereum brought dapps and smart contracts, which are interesting concepts. If only to prove they allow all kinds of scams of course.

I have not delved too much into its governance etc. since I'm not into it so don't take my posts as endorsing altcoins in any way. I'm just saying if there is no limit to the supply of a coin, I don't really want to hear about it (big premine is also bad but I forgot about that in the case of ethereum). I mostly don't hear/read about alts that do have a limited supply either, though. It would be a full time job.

With that said, I know people who do that work and make good money/BTC out of it. Doesn't mean they believe in any alt, but they believe in making dough out of them ! I would probably be bad at it and end up holding bags of shitcoins, knowing myself.

[somac.]

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).

Obviosuly you never heard of Bitmex. Does the word "Bart" mean anything to you.

[Arriemoller]

And, what's planking?

To me, it looks like a push-up, but you don't go down. You just hold your position for time.

Like, push-up, 1 ... then count to 30 but don't move..

When you can do that for 3 minutes straight, it's time to ask a little kid to hop on your back and try it again. You know, weighted planking.

thanks

Ill try it some day.

[rdbase]

Oh f*ck what a screwed up day ,
coinbase announcing listing of Douche coin *pun intended* so this is what will pump up the crypto markets?
https://bitcointalk.org/index.php?topic=5337324.0
Kill me now.

I don't see it budge yet that sh*t coin is up 8% from this. Market manipulation at it's finest people.

And King of the Douches just stirred up the sh*t on his twitter.


Sit back & watch the idiocy unfold.

[Arriemoller]

So, I wrote this in the dudes competition thread "And thank you very much for doing this your dudenes, I really like the nostalgic feel."
And it got deleted, WTF! Do they have retarded mods outside this thread? And what possible rule could that have breached?