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

[aysg76]

https://www.instagram.com/reel/CRhXK-7HGkC/?utm_medium=copy_link

The panic sellers and many others who sold at below $30k thinking it would not rise and moved their funds out of it.Best was keep doing DCA investment because he has seen the future of Bitcoin and know his wrong move of selling

Don't let this happen with you.

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[Saidasun]

I have always liked David Attenborough's narrations but this might be his finest..its on all the major outlets I believe...must see tv imo.

trailer on YT
A Perfect Planet

In the first part they start off showing lesser flamingos in Africa...I had no idea...blew me away..the cinematography is breathtaking.

hes got the most amazing voice and the production level of his stuff is usually some of the best out there to. I wish he did more stuff that he does.

[JimboToronto]

Good morning Bitcoinland.

Back to solid summer sidling in the mid-$3xxxx range... currently $33835USD/$42504CAD (Bitcoinaverage).

Yawn. More coffee please.

I do need to get a hat I am letting the team down. I will get to it asap

Talk to Homer:

https://bitcointalk.org/index.php?action=profile;u=120694

He's our milliner Mad Hatter.

[Saidasun]

Talk to Homer:

https://bitcointalk.org/index.php?action=profile;u=120694

He's our milliner.

I will I will send a message soon about it not sure what to have yet though

[Torque]

Good morning Bitcoinland.

Back to solid summer sidling in the mid-$3xxxx range... currently $33835USD/$42504CAD (Bitcoinaverage).

Yawn. More coffee please.

I do need to get a hat I am letting the team down. I will get to it asap

Talk to Homer:

https://bitcointalk.org/index.php?action=profile;u=120694

He's our milliner Mad Hatter.

Hey Jimbo, how's the cabin in the woods coming along?

[kellrobinson]

it would be nice to see some closer to current price images imo with the trendlines shrunk accordingly

I think we should break the blue line, but it might take a couple of years to get there.
Previous cycles had early booms that crossed above the blue, then bitcoin's price fell and crossed the yellow regression line south of the blue, then rose into the late-cycle triangle.
In the current cycle, the early boom fell short of the blue.

[Toxic2040]

Good morning Bitcoinland.

Back to solid summer sidling in the mid-$3xxxx range... currently $33835USD/$42504CAD (Bitcoinaverage).

Yawn. More coffee please.

I do need to get a hat I am letting the team down. I will get to it asap

Talk to Homer:

https://bitcointalk.org/index.php?action=profile;u=120694

He's our milliner Mad Hatter.

+1 WOsMerit

Good morning Jimbo

Dont hear that word much anymore...and its a great one

Why is a hat maker called a milliner?
The term milliner, originally from “Milener”, originally meant someone from Milan, in northern Italy, in the early 16th century. ... Although the term originally applied to men, milliner came to mean a woman who makes and sells bonnets and other headgear for women since 1713

 

[ChartBuddy]

Explanation

[UnDerDoG81]

İf I had some cash I would help break 34k resistance j4fun.

[Saidasun]

İf I had some cash I would help break 34k resistance j4fun.

You would be known as a martyr

[El duderino_]

[Saidasun]

Accurate El duderino except the Euro guy is waaaaaay to happy to be using Euros.

[Dabs]

That last one is the real area the things shines.  Muun is a 2of2 multisig wallet.  You hold BOTH keys, and control them both.  But only ONE of them is ever on your phone.  Muun provides the service of cosigning your spends. But they only have one key.  This means if someone gets your phone?  They can't get your bitcoin.  You can make 3 different kinds of backups.

I don't know anything about Muun, but would it be possible to set up the wallet as 2 of 3 instead of 2 of 2 multisig? The last key can also be your own personal backup and 2 of 3 takes up the same space as 2 of 2 when spending and using only 2 keys.

*edit* enjoying my new hat with laser eyes.

[ChartBuddy]

Explanation

[cAPSLOCK]

That last one is the real area the things shines.  Muun is a 2of2 multisig wallet.  You hold BOTH keys, and control them both.  But only ONE of them is ever on your phone.  Muun provides the service of cosigning your spends. But they only have one key.  This means if someone gets your phone?  They can't get your bitcoin.  You can make 3 different kinds of backups.

I don't know anything about Muun, but would it be possible to set up the wallet as 2 of 3 instead of 2 of 2 multisig? The last key can also be your own personal backup and 2 of 3 takes up the same space as 2 of 2 when spending and using only 2 keys.

*edit* enjoying my new hat with laser eyes.

I think that is a good strategy.  I thought of it too (which is also why I think it's genius! )  It seems to me the Muun folks are going for the most absolutely streamlined design they possibly can. And adding a third key would add complexity to a backup.  We type folks might appreciate that complexity but their strategy is probably simpler for someone that knows nothing about bitcoin.  You just need a password you can remember, a key written down somewhere, and a cloud server to keep the encrypted full b/u.  And then the mechanics of the recovery are very well thought out.  I tried the email type.  It was great. And the tradeoffs they chose are very smart.  It's as secure as it can possibly be without being in unfamiliar territory.

The fact they use cloud storage to store a encrypted full backup is also awesome.  "Cloud storage" and "bitcoin backup" are concepts that really should be avoided by purists, but for this use, again the tradeoffs are pretty spot on.

All open source, and a tool that can be used to do the restoration if everything else is gone (including the Muun servers, phone etc.).

All the while handling BOTH base layer HD addresses as well as a channel open to Muun on your node.  If the channel still exists it is part of the backup, and even in the most "rip cord" situation the channel is closed and the funds returned to a 1 of 1 address you hold the key for.

Having run nodes since the very beginning I am quite familiar with all the potholes along the way in LN security.  It has been one of my biggest most nagging doubts about the viability.  It's just too convoluted and difficult for even TECHNICAL users.

Muun really give me a little bullish ah-ha (which is why I am yammering here) because they are DOING what I have been waiting to see.  Working out the details in a way that just about ANYONE with a modicum internet comfort can safely use the LN without worrying about... well... just about anything.

Last night I sent $50 from Muun to my node.  I do not yet have a channel open to Muun (but plan to open one).  I was charged exactly NOTHING for this 150k sat transaction.  And it felt just like Bitcoin... except it was instant, and free, and immediately spendable.

itshappening.gif

[explorer]

I have always liked David Attenborough's narrations but this might be his finest..its on all the major outlets I believe...must see tv imo.

trailer on YT
A Perfect Planet

In the first part they start off showing lesser flamingos in Africa...I had no idea...blew me away..the cinematography is breathtaking.

hes got the most amazing voice and the production level of his stuff is usually some of the best out there to. I wish he did more stuff that he does.

  If he would just stop with shoving anthropogenic global warming down our throats...

[JayJuanGee]

it would be nice to see some closer to current price images imo with the trendlines shrunk accordingly

I think we should break the blue line, but it might take a couple of years to get there.
Previous cycles had early booms that crossed above the blue, then bitcoin's price fell and crossed the yellow regression line south of the blue, then rose into the late-cycle triangle.
In the current cycle, the early boom fell short of the blue.

Personally, I consider your assessment of a couple years to get to the blue line to be overly pessimistic and bearish.

In other words, bitcoin gives few to no shits about lines on a paper (or computer screen for that matter), and sure an upward portion of this particular cycle (that we are in) might be drawn out beyond this calendar year and maybe into the second or third quarter (seems a stretch) of 2022, but the odds are pretty great that we are not only going to meet and exceed the blue line (decent chances of this calendar year) we are likely to meet or exceed the red line too... maybe this calendar year, but I personally consider it more likely to draw out into next year a wee bit, based on what has been going on and likely recognizing and appreciating that bears have been giving a seemingly decently strong battle in this particular correction.. that seems way more effective than it should be.

But hey, if you get a fucking 6.5x BTC price appreciation in 7-ish months coupled with considerable outrageous exuberance in some of the 14-year old snot-nosed markets, a lot of froth (and weak hands) have been created (or entered) to allow for some of the outrageous correction levels that we have been experiencing for a couple of months now in the midst of what still seems to be a bull market.

[Paashaas]

it would be nice to see some closer to current price images imo with the trendlines shrunk accordingly

I think we should break the blue line, but it might take a couple of years to get there.
Previous cycles had early booms that crossed above the blue, then bitcoin's price fell and crossed the yellow regression line south of the blue, then rose into the late-cycle triangle.
In the current cycle, the early boom fell short of the blue.

Nonsense, stop using his old model. $100k is not even a proper parabolic run up with out a meaningful fomo blow-off fase. According to your logic it will only rise $20k from past ATH that's to bearish for Bitcoin and from 2017 ATH only 4x.

[JayJuanGee]

Accurate El duderino except the Euro guy is waaaaaay to happy to be using Euros.

The bliss of happiness right before the unhappy ending.

Seems fitting to me.

hahahahaha

[cygan]

https://twitter.com/BitcoinMemeHub/status/1418843564721811458