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

[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

[Dakustaking76]

Were gonne attack the  $34.800 resistance ?

 

[ChartBuddy]

Explanation

[JayJuanGee]

Were gonne attack the  $34.800 resistance ?

 

I did not know that there was such a thing.. but.. hey.. let's see how it plays out in the coming hours.  

Or will it take that long?  asking for a friend.

[Dakustaking76]

Were gonne attack the  $34.800 resistance ?

 

I did not know that there was such a thing.. but.. hey.. let's see how it plays out in the coming hours.  

Or will it take that long?  asking for a friend.

Lets see how long it will take bro
I hope not long anymore moaaaaar pump we need

[UnDerDoG81]

Hope or denial?

[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.

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

Oh yes he does like to do that and tries to do it without any evidence but most people will believe him because of his voice and productions but if you can ignore that which I do I still enjoy his work.

[Toxic2040]

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...

just put all that aside and absorb the cinematography then if you dont believe humanity is impacting our environment         either you believe in science and the theory of closed systems or you do not

i particularly enjoyed the 'behind the scenes' part regardless


-------

Hope or denial?

obviously depression imho 

[xhomerx10]

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.

 Looking good Dabs!  You've got that laser focus now

[Hueristic]

With extreme weather causing power failures in California and Texas, it's increasingly clear that the existing power infrastructure isn't designed for these new conditions. Past research has shown that nuclear power plants are no exception, with rising temperatures creating cooling problems for them. Now, a comprehensive analysis looking at a broader range of climate events shows that it's not just hot weather that puts these plants at risk—it's the full range of climate disturbances.

https://arstechnica.com/science/2021/07/climate-events-are-the-leading-cause-of-nuclear-power-outages/

[ChartBuddy]

Explanation

[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.

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.

Well, the previous cycle tops blew off at the red line, this time $191k.
That's one scenario; a different scenario has the early top already in, and late-cycle highs hewing much closer to the triangle base.
I don't identify as "non-binary."  This is a quantum scenario where both eventualities exist in tandem.
Wan't to know if the cat inside the box is licking its ass or what is it doing?  You'll just have to wait, like the rest of us.

And this chart isn't s2f.  I used quadratic regression:  the yellow, monotonic historic trend.  It just happens that the attractors came out almost the same in both models.

[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...

just put all that aside and absorb the cinematography then if you dont believe humanity is impacting our environment         either you believe in science and the theory of closed systems or you do not

i particularly enjoyed the 'behind the scenes' part regardless

   If the earth was a closed system, the theory would potentially have relevance...  Since science proves that it is NOT, it is a moot point.  

   One could mute the videos and just watch, but damn, DA does have The Voice to go with the camera work.

[JayJuanGee]

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.

 Looking good Dabs!  You've got that laser focus now

@Saidasun wants a hat too... but I suppose that he needs to give you some kind of image or idea to work with, no?... especially if anyone wants a homer original rather than either a knock off or some cheap-ass homemade wannabe nonsense...  

Edit:  Whoops.. looks like I had previously missed the post in which he proclaimed that he is already considering making a proper hat request.

[shahzadafzal]

Ok so this happened to me this week and now i have reason # 1050 for "Why we need Bitcoin".

So this my friend in another country was suppose to send me some money which I needed on a bit urgent bases.

He's in Malaysia and due to recent COVID-19 related lock downs all the businesses are closed except for essentials one. Money is an essential need so we thought these money transfers should be open. He went to multiple money transfer exchanges but all were closed, as proof he sent me pictures too.


So he did went to three different places but all were closed and we did not have any other option but to use Bank which is the most expensive and very high currency conversion rates. So on 16 July he managed to make online transaction from Bank after entering my details like Passport, Full Name, Contact Address etc. Ideally I should have received the funds after 2-3 working days. But after 7 days I didn’t receive anything I try to inquire with friend and he says nothing, no status just one line in a statement saying Telegraphic Transfer to XYZ without status.

He tried with bank helpline and they made an inquiry ticket and on 8th day 23 Jul, he received a call from his bank saying “Beneficiary bank have declined the transaction with message sender not verified and not a valid transaction reason.”



He asked his bank how he’s not verified? He have his salary account in their bank for last 10 years he should be verified by them and what transaction reason do he need to mention? Since it’s a text box and he wrote “Personal payment”. Anyway they said they will send an email and he have to reply with his current address, valid passport number and additional details of the beneficiary. Remember funds were already been deducted from his account on same day 16 July when he initiated the transaction.

We had waited for the email but it never came and he had to call the bank again and as expected need to make another inquiry ticket. Eventually email arrived have look at this email



So transaction is declined but can you believe money still not credited back to his account? and after another call they said it will take 2-3 business days to reverse the transaction and he had to initiate another transaction with more specific fund transfer reason.

In the end after almost 9 days I did not get the money and we are not sure when will this money be credited bank to his account.

I told my friend "that's why we need bitcoin" but my this friend still not convinced.



He's afraid of Elon I guess, what you think?

[JimboToronto]

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

Slowly. Municipal red tape.

Can't do too much until we do significant road work. Currently arranging liability insurance to protect the town's ass before we can make improvements to the "historically traveled" public road allowance (currently a snowmobile trail) which is the only access to the property. The problem is that road itself strays off the public allowance and onto private property in several places. Luckily the previous owner got it "graveled" (actually fist-sized pieces of broken granite) as far as our property before the town put a stop-work order on it.

He continued the graveling part way into our property. At the moment it takes a rugged 4x4 to get to within about a kilometer from the lake itself. It's a vigorous hike from there.

In the meantime, we've moved a trailer to the farm next to the trailhead. We'd already arranged to drop a shipping container there to serve as secure storage and parking for an ATV. For the time being, we'll stay in the trailer on the farm and take the ATV out to the lake.

Here's the trailer:



and the spot for the sea bin:



Here's the ATV we're getting: https://atvsxs.honda.ca/side-by-side/700-series/pioneer-700-4-deluxe

We don't need no stinking Lambos!

After we finish the road all the way to the lake, we'll put in a permanent dwelling with septic and solar.

So much to do. It's way better than boring though.