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

[cAPSLOCK]

OK.  Just started watching this B word thing...

Maybe I will edit this as I go... but impressions.
-- snip  --
Elon is not important to bitcoin.  Jack probably is. Cathie seems like a competent business woman.  Sorry for the many many typos... not gonna fix em.

Few important and not so important highlights

1. "My hope is that [Bitcoin] creates world peace or helps create world peace," Dorsey said.

2. "I might pump but I don't dump," Musk

3. "The Doge community is irreverent and has great meme, love dogs and I love dogs and memes," Musk said.
Seriously what does it mean?

The topic of the discussion was Bitcoin, but what I felt Musk was answering everything involving shitcoins and intentionally using word “crypto” and “cryptocurrencies”.

Even during the last question about “Future of bitcoin” Elon started his answer with “cryrpto currencies”.

Yes.  Musk revealed two things.  He still does not understand Bitcoin really.  He has not really learned that much about BTC since kind of stubbing his toe on it.  His understanding of just about everything is rudimentary.  From one point of view this is understandable.  But from another it is really not.  He is supposed to be aspergers-geniusy. And he has OUR shoulders to stand on to understand.  Saylor had the same road and got it in months, if not weeks.

I do think one of the hardest things about understanding BTC is the tech tradeoffs and the risk involved in rebalancing them.

He made the argument that if small blocks are important then why aren't we making them smaller?  And then laughed that off as if he had made some deep point.  I think all three others mentioned that this has been something some part of the community has actually advocated for.

Thing is, I actually agree that Bitcoin could probably benefit from bigger blocks.  And in MY humble opinion we might be erring on the conservative side.

But the bottom line is it does not matter how much bigger you make them. It just will NOT scale to the whole world without changing the tradeoffs.  We could make blocks 100x bigger right now, and that would most DEFINITELY damage bitcoins decentralization, but it would barely scratch the surface for what we would need to serve even just 1 billion of the worlds population.

Among our (elite) group here we do not even agree on this topic entirely.  But Elon is not making an informed or intelligent Big Blocker argument.  Instead he just reveals that he is making assumptions that he does not understand the implications of.

He would not matter at all, if he did not matter so much   He is revered by many and wields a lot of power... so his whole DOGE sidetrack does actual real damage.  So, because of that:

Screw him.

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[ChartBuddy]

Explanation

[techearn17]

Stegosaurus Under a Rainbow


Bitcoin will reach $75k in September here’s how
https://www.reddit.com/r/CryptoCurrency/comments/op6xvs/bitcoin_will_reach_75k_in_september_heres_how


I could have stopped chatbuddy after two but wanted to see who else is monitoring this and yes it’s you!!

I think we can see good progress soon 75,000 seems difficult but I think up to 50,000 can be expected so that we can get the good news. Today or tomorrow we can another new green candle that can be seen.

[ChartBuddy]

Explanation

[sirazimuth]

….. sidetrack does actual real damage.  So, because of that:

Screw him.

https://youtu.be/c-FGwDDc-s8

[LFC_Bitcoin]

🐜 pump

Observing $32,504

[ChartBuddy]

Explanation

[philipma1957]

Lets see us settle at 35k today.

I do see that the diff numbers are rising a bit

https://www.bitrawr.com/difficulty-estimator

Latest Block:   692181  (10 minutes ago)

Current Pace:   101.9989%  (694 / 680.40 expected, 13.6 ahead)

Previous Difficulty:   14363025673659.96                           
Current Difficulty:   13672594272814.14                           
Next Difficulty:   between 13827214263491 and 13946198013075
Next Difficulty Change:   between +1.1309% and +2.0011%
Previous Retarget:   last Saturday at 7:32 PM  (-4.8070%)
Next Retarget (earliest):   July 31, 2021 at 12:57 PM  (in 9d 0h 0m 55s)
Next Retarget (latest):   July 31, 2021 at 3:46 PM  (in 9d 2h 50m 48s)
Projected Epoch Length:   between 13d 17h 24m 55s and 13d 20h 14m 48s...

I was really hoping to see the diff move 2-4% upwards.  and 1.9989% is close enough  with 694 down and 1322 to go.

[ChartBuddy]

Explanation

[seljo]

FU Blizzard. That's the only thing that comes to mind when I remember that I used to pay 3.5 BTC for WoW mothly sub and I played for years... hope Belkaar still got them... and on topic why it's going up right now?

[OutOfMemory]

Chinese whales finally exited the market.
No more group selling from them, they were reaching their coordinated sell target ($30k) and now we can resume a healthy uptrend.

Sorry for all weak hands out there, fuck you over-leveraged "traders" and greetings to all bitcoin hodlers who didn't mindrust the dip.
Off to work again.

[Toxic2040]

Commence down trend

Wow, is that Colonel Steve Zodiac, from Fireball XL-5?

It's from Thunderbirds. It's been so long since I watched any that I don't remember most of the names. Think I'm going to dig some up and watch some with my lad though.

That's the Thunderbird 4 (submarine )dude  Alan, I do believe

Absolutely all time favorite epic show as a kid. (Fireball XL-5 was awesome too...and don't forget Stingray)
This is all from memory...no googling..... (because anyone can do that)
Scott piloted Thunderbird 1
Virgil...  Thunderbird 2
Alan and /or John... Thunderbird 3
Alan... Thunderbird 4
And John was stuck (bored to tears no doubt) on the satellite Thunderbird 5

And Parker was the coolest chauffer..    Loved his accent..."yes m'lady"

+1 WOsMerit


its good at least one of us didnt fry their brains out on sex, drugs and rock n' roll

---------

….. sidetrack does actual real damage.  So, because of that:

Screw him.

https://youtu.be/c-FGwDDc-s8

Skeptic
1.
a person inclined to question or doubt accepted opinions.
2.
Philosophy
an ancient or modern philosopher who denies the possibility of knowledge, or even rational belief, in some sphere.

opinions are like...meh..think this has been covered before...anyway...the guy seems more than skeptical...sounds like actual hate to me    strawman arguments and character assassination seem to be the theme for this guy

trying to compare legacy automobile manufactures(part 2)to the paradigm shifting rollout of electric vehicles is beyond absurd imo

its like trying to compare bitcoin to legacy financial markets...people will keep doing it despite the obviously broken current fiat system

lets not even start on 'stock' dividends and/or corporate banditry..

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it has come to my attention that there is a significant portion of people in this thread who seem only capable of piling on others with negativity and yet rarely post original thoughts that are constructive

i suggest instead of always trying to beat people down they instead try lifting them up...its surprising how good it can make one feel

just my two sats

[vapourminer]

[...]  I remember that I used to pay 3.5 BTC for WoW mothly sub and I played for years... hope Belkaar still got them... and on topic why it's going up right now?

man 3.5 btc per month? i paid like 10 btc to steam just once for like 5 games.. call it 60k per game by todays price lol. i even played a couple of them.

as for the price going up.. i dont really pay much attention really unless its like a 40% move once way or another.

[BobLawblaw]

Ranch buildout is coming along fabulously. RL is keeping me super busy.

Not too busy to keep up with Bitcoin Twitter tho.

NSFL!!!

https://twitter.com/SecOfBitcoin/status/1418264332794617859

BTC Hodlers: "Imma buy a Lambo!"

ETH Hodlers: "Imma buy a Plaid Tesla!"

BSV Hodlers: "..."

EDIT: Also, holy crap am I happy with my daily DCA over the last little while. Almost a month completely sober now as well. Crazy times.

[ChartBuddy]

Explanation

[Philipma1957cellphone]

Ranch buildout is coming along fabulously. RL is keeping me super busy.

Not too busy to keep up with Bitcoin Twitter tho.

NSFL!!!

https://twitter.com/SecOfBitcoin/status/1418264332794617859

BTC Hodlers: "Imma buy a Lambo!"

ETH Hodlers: "Imma buy a Plaid Tesla!"

BSV Hodlers: "..."

EDIT: Also, holy crap am I happy with my daily DCA over the last little while. Almost a month completely sober now as well. Crazy times.

a month sober is good.

[eXPHorizon]

[...]  I remember that I used to pay 3.5 BTC for WoW mothly sub and I played for years... hope Belkaar still got them... and on topic why it's going up right now?

man 3.5 btc per month? i paid like 10 btc to steam just once for like 5 games.. call it 60k per game by todays price lol. i even played a couple of them.

as for the price going up.. i dont really pay much attention really unless its like a 40% move once way or another.

yeah 2Moons/Dekaron was the same, It had a Store with Ingame items where you could buy them with Bitcoin. And i remember people paying 100 BTC or Even 1000 BTC for some Legendary Items ... Crazy times when you think about it now

[Richy_T]

I think all three others mentioned that this has been something some part of the community has actually advocated for.

If by "some part of the community", you mean Luke-Jr then yes.

Thinking about it, he'd probably be in good company with Dorsey.

[ChartBuddy]

Explanation

[philipma1957]

that 32-34 number seems to be solid . hoping it sticks here and drifts upwards for a while.