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

[greenslope]

HOPIUM (Wyckoff).

regarding my theory that crawler (whoever it is) are scanning this thread ongoing. after I posted the pic I had immediately 14 viewers of the pic on imgur.  

lurkers? /s

No, Stalkers! /s

there is no sarcasm in the latter statement or is there?
that's the meaning of /s, lol

Isn't /s for stupid? confused.

Where the green dildo’s?[/i]

Would females buy green dildos with btc?

Step up your game ladies. Some women are out here multitasking and catching my attention for realz.  And she told me she owns #Bitcoin .

I believe that "ladies" love transparent chainz, as they can boast to their females friends how higher they believe to be in the shared ledger

@JJG & @bitebits:

Thanks for your posts regarding my cousin's coinage situation. ("coinage", "coinery", "thinkenings", I like it!).

Why aren't your cousin females buying in?

BTC morning pumping ....

I have a little problems, before the plandemic, I had sources at Icahn entreprise... but they fucked him and used the opportunity to leave the ship... So I don't know if he is still short... /s (sad). Do you have an idea /ss (sarcastic & stupid)?

[1714880526]

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[1714880526]

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[Boris007]

Leafs are turning green.
Natures colour at its best...
Where the green dildo’s?

the dildo will be visible after we cross the 37k mark.

[greenslope]

Leafs are turning green.
Natures colour at its best...
Where the green dildo’s?

the dildo will be visible after we cross the 37k mark.

Speaking about visible debauchery, since I got my 4th covid shot (better be safer than sorry), moderate alcohol consumption keeps me really awake at night or it's the sound of the shorts getting crushed? Who knows...

(there is always a green dildo in crypto, you just have to look from further to see it. It's so yuge).

/s (seriously), I guess you love the certificated of vaccination id on public visible blockchain, but how are you gonna financialize it? Shorting life expectancy futures?

/l (lol).

[aesma]

Nice pumping in the morning. I won't be following too much today as I have a family barbecue now that most participants are vaccinated.

[ChartBuddy]

Explanation

[marcus_of_augustus]

This laptop that won't start has win 10, that should tell you something.

... put linux on it?

... stop being a muppet in public btw.

[El duderino_]

Damn gotta clean the f***ing pool.... weather getting better, pool looks like sh*t.... 

With BTC at 37, I let someone take care of it... at these prices I’ll do it myself.

Sunday’s

[marcus_of_augustus]

Overall, we have at least 3.46X wallets in 2021 than in late 2017, maybe much more than that (I am only going from blockchain.com numbers), yet the price is just 70% higher (at the moment).
Therefore, we are lagging the Metcalf's law and, therefore, are SEVERELY undervalued in comparison with 2017.

TLDR; according to Metcalf's law and prior "fair" valuation, fair value of bitcoin right now is $81K.

... the Metcalfe's law concept for the value of a monetary network reflected as bitcoin price in fiat that is related to the number of transactions or number of wallets is definitely interesting, and has worked well for Bitcoin in the early days when the network was small but growing exponentially fast.

... now I'm wondering if it Metcalfe needs to be tweaked to include a weighting to the value of transactions on the network, or value in wallets, rather simple numerical quantity of TX or wallets? The value of the phone network clearly increases as the number of users adopt the network but each user can make more or less or longer or shorter calls and doesn't really affect the total value of the network. Bitcoin is somewhat more like the electricity grid network where the size of the user, or generator, that connects to the network would have a bearing on the total value of the network different from simply number of users. E.g. if a large utility, or aluminum smelter, decided to abandon the electricity network that clearly has a bigger impact on total value of the network that some random Joe that goes off-grid but each represent a single user on the network.

[marcus_of_augustus]

3. It's different this time

The most notable aspect of this idea is we never really see a crypto "winter" in the cycle.  But instead we see a volatile climb upward.  Personally I would expect to see recurring pullbacks of diminishing magnitude. Of course things do not tend to be this perfect but we could see a 60%, then 50, then 40 series of pullbacks all making higher highs and lower lows.  Obviously, this is in the somewhat unprecedented "It's going up forever Laura" category.  It breaks a lot of fundamental rules about asset prices.
This would be a "It's different this time" that makes MUCH less sense than the supercycle.

... this would be a version of the logistic curve, or S-curve of technological adoption, theory for final adoptive phase. All other prior adoption waves will be dwarfed by comparison, in the same way as each adoptive wave has dwarfed the previous on linear scale charts, but the ultimate level plateaus near to full-adoption.

Super Cycle and S-curve are versions of the the same ultimate trajectory it looks like to me.

[ChartBuddy]

Explanation

[Arriemoller]

This laptop that won't start has win 10, that should tell you something.

... put linux on it?

... stop being a muppet in public btw.

https://www.youtube.com/watch?v=cRTjksM3YAs

[UnDerDoG81]

Nice! Expected to wake up into 28k and it's 36k.

[bitebits]

https://twitter.com/real_vijay/status/1398779395070783491

[Arriemoller]

Well, I caved in and bought a new laptop, and with a new modem with wifi on the way My home should soon once again be up to modern standards.

Thank you everybody for your help and advise, I do appreciate it very much.

[Arriemoller]

I'm of for the mothers day dinner, see you tomorrow

[somac.]

I just got back from seeing a friend. He's been in and out of Bitcoin since 2017 (lost money of course). Did the usual what about these shitcoins thing, which I dismissed as well as I could. Anyway he said he has been trying to withdraw as much equity from his home as he can for the last several weeks. Should get it in a week or 2. He then says he was going to buy bitcoin with it when it was in the 50s and now he's really glad that it fell because he's going to be able to buy much more.

He agreed with me that holding was the way, lessons from past sales learnt.

[ChartBuddy]

Explanation

[Gatorelf]

I just got back from seeing a friend. He's been in and out of Bitcoin since 2017 (lost money of course). Did the usual what about these shitcoins thing, which I dismissed as well as I could. Anyway he said he has been trying to withdraw as much equity from his home as he can for the last several weeks. Should get it in a week or 2. He then says he was going to buy bitcoin with it when it was in the 50s and now he's really glad that it fell because he's going to be able to buy much more.

He agreed with me that holding was the way, lessons from past sales learnt.

Foolish, I will say though that if you are in your 20's go for it lol... you can recover from losses in your early years and learn a lesson, not in your later years (50 +)

someone bought at $60k +, wonder how they are feeling right now

[somac.]

I just got back from seeing a friend. He's been in and out of Bitcoin since 2017 (lost money of course). Did the usual what about these shitcoins thing, which I dismissed as well as I could. Anyway he said he has been trying to withdraw as much equity from his home as he can for the last several weeks. Should get it in a week or 2. He then says he was going to buy bitcoin with it when it was in the 50s and now he's really glad that it fell because he's going to be able to buy much more.

He agreed with me that holding was the way, lessons from past sales learnt.

Foolish, I will say though that if you are in your 20's go for it lol... you can recover from losses in your early years and learn a lesson, not in your later years (50 +)

someone bought at $60k +, wonder how they are feeling right now

If they're thinking long-term, they'll be fine. Most people know now that the system is screwed up and the only way to protect yourself is with assets. My friend (30s) understands this. Anyone who use home equity before has made returns that far out weigh the returns they would have got in property. Bitcoin is still small enough to offer better returns over most assets.

And with home prices where they are nobody is going to be paying off their homes anymore anyway, at least this way he has a chance.

[somac.]

We're eating into the mempool, 1 sat transactions going through now.