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

[proudhon]

Spotted this in another thread (check the date first).

No wonder he’s so depressed & anti bitcoin  
He should be a billionaire with that kind date of adoption. Is proudhon trolling us or is he perma haunted by the biggest mistake of his life (selling far too early?).

Pffffff, I'm selling and recovering initial investments before the big crash.

I saved myself 10 years of stress by going all in on far, far, FAR more secure fiat money in a low yield savings account.

[cygan]

today played a small round of scrabble


https://twitter.com/binance/status/1398897070656868353

[ivomm]

Where is the promised Sunday dip below 30K? Some twitter accounts promised it this week? What happened, is it late or is it canceled?


#nevertrusttwitterandproudhon

[shahzadafzal]

Spotted this in another thread (check the date first).

No wonder he’s so depressed & anti bitcoin 
He should be a billionaire with that kind date of adoption. Is proudhon trolling us or is he perma haunted by the biggest mistake of his life (selling far too early?).

Pffffff, I'm selling and recovering initial investments before the big crash.

I saved myself 10 years of stress by going all in on far, far, FAR more secure fiat money in a low yield savings account.

That's 10 years of consistency I would say... Bravo!!!

[ChartBuddy]

Explanation

[LFC_Bitcoin]

going all in on far, far, FAR more secure fiat money in a low yield savings account.

HFSP

[sheenshane]

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

 Some technical types are running bots or using a service, to check if their names are mentioned or their posts are quoted, which will then notify them via PM or Telegram.

 Isn't that right LoyceV, sheenshane, suchmoon, fillippone et tu JayJuanGee?

Yeah, that's right, this post was notified me when was checking my Telegram today.
Check these threads for the BitcoinTalk Notififier BOT (merits, mentions, topics, etc)

• TryNinja's Telegram notifier bot --> currently used.
• giammangiato's Telegram notifier bot
• GreatArkansas's Telegram notifier bot

All of these are actively function.

[cygan]

loading progress...


https://twitter.com/DocumentingBTC/status/1399011104970493962

[ChartBuddy]

Explanation

[bitebits]

... 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.

I always thought that Metcalfe was a bit of a simplification. Clearly, connections have different weightings, some potentially negative. The same overall square law applies but this introduces several nuances. More users has meant an increase in connections but restricted transactions (without a fully functioning second layer) and hence increased friction has reduced the value of many/most of those connections. This is, apparently, an acceptable tradeoff for being able to run a full Bitcoin node on a smartphone from 2012.

"As long as the participants in the network keep growing over time, the value of the network rises exponentially. Generally speaking, the more volatility the price has, the higher the return over time IF the network grows."

Google:


Amazon:


Facebook:


Bitcoin:

https://twitter.com/RaoulGMI/status/1396837047336329218


@Richy read about Infura and the several 'levels' of POS nodes mess written by Lyn Alden.

[Paashaas]

[ChartBuddy]

Explanation

[LoyceV]

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

 Some technical types are running bots or using a service, to check if their names are mentioned or their posts are quoted, which will then notify them via PM or Telegram.

 Isn't that right LoyceV, sheenshane, suchmoon, fillippone et tu JayJuanGee?

My scraper doesn't download any images, only the HTML.

[philipma1957]

This game is too easy:

76.7% of BTC supply is illiquid. (in strong-hands) This trends up only over time.

At the same time, demand for BTC (new users) is growing exponentially.

Bitcoin price only has one way to go in the long term.

https://twitter.com/wclementeiii/status/1398791165110009857

hodl
hodl
hodl

[Biodom]

Politicians are confused:

https://www.politico.com/news/2021/05/30/bitcoin-investment-wall-street-lobbying-491399

Tillis said the fund applications “have to be scrutinized, mainly from a consumer protection perspective.”

triple lol:
An example of happily approved ETF:
https://finance.yahoo.com/quote/USO/chart

or this one:
https://finance.yahoo.com/quote/UNG?p=UNG&.tsrc=fin-srch

Go to max range.

Canadians and europeans are OK with bitcoin ETFs, but US needs 'special protection'?
Such horses-t.

[cAPSLOCK]

I have no idea what's happening, but this makes me happy! 

[ChartBuddy]

Explanation

[OutOfMemory]

I have no idea what's happening, but this makes me happy! 

Birth of a legend?
 

Anyone with a link to a free livestream?

[deft2g]

I have no idea what's happening, but this makes me happy! 

https://i.imgur.com/K3Q0W28.png

Birth of a legend?
 

Anyone with a link to a free livestream?

https://www.jackstream.net/livestreamhds/racing/indy-car/indianapolis-500/20210530/1/

[OutOfMemory]

Thanks, also found myself this one for sharing:

https://www.youtube.com/watch?v=EMSJDhacNL4

No live pics, only race data.

EDIT: Out of sMerit, so +1 WOsMerit for the livestream (no sound, though, but it's cool for me without)