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

[fr4nkthetank]

ChartBuddy is acting up, maybe someone should check up on him ?  Here I fixed it for you.

[ChartBuddy]

Explanation

[Richy_T]

And what is "freedom from corporations"?
Does it mean that only private citizens get to do business, or does it mean that only the state gets to do business? or what.
And how do we not have freedom from corporations now?
You are free to buy and sell with whomever you want, and if there happens to be a monopoly of some kind you are free to start your own business, and voila, the monopoly is gone.

Rough to see someone with his username advocating conformity in multiple ways.

[UmerIdrees]

[fillippone]

Bitcoin balance at exchanges has been draining constantly over the last week:


https://www.viewbase.com/coin/bitcoin

Full history here:

https://www.bybt.com/Balance

Two possible interpretation:

• Bullish:supply is strong at the exchange. Those coins are sent to cold storages not to see the light anytime soon.
• Bearish: leveraged long accounts closing positions on this rally and taking collaterals and profit out of exchanges, not to reinstate those anytime soon. Not bearish sellers will meet no resistance.

Pick your side!

[ChartBuddy]

Explanation

[lightfoot]

Unfortunately, their guaranteed predictions never come true, so the next narrative is always ready to be released once defending the previous version of The Truth^TM has become untenable. That's why all the Independent Thinkers^TM switch narratives at the same time - they're ultimately getting them from just a few sources.

At first we were all going to die from the vax - the narrative just fit too well with the classic "depopulation agenda". Once that didn't materialize, they tried the "be afraid of side effects" route. That one wasn't working too well, since it's too easy to realize that side effects (even excluding death) from COVID are orders of magnitude more likely & more severe than from any of the vax.

Now we shifted to "we will die from the vax later" and "infertility" - narratives which are sufficiently long term that they can be milked for a while before they have to be replaced due to actual reality disproving them.

This is the perfect example of what I like to call the "Invisible Dragon" argument. It goes like this:

I have an invisible dragon sitting next to me.
Prove it does not exist.

Any argument made will result in a simple explanation that expands the powers of the invisible dragon. It doesn't displace air because it has no mass. You can't touch it because matter bends around it. And so forth and so on. The root of the problem is the person making the assertion is demanding that other people *disprove* the assertion when the responsibility for proving the assertion is that of the asserter.

The only way to handle this argument is to walk away.

Same thing here: The virus will kill people in a month by the millions. Then a year. Then 10 years. Then "infertility". Always things that can't be tested, can't be proven, and when they do fail you just slip in another argument.

It's a lot like the Millerites in the 1830's. This nutcase bunch attracted thousands by saying the world would end in 1843. When that didn't happen a "mistake" was found and it was 1844. Then it became "soon" and the sect split into the 7th day Adventists (nutcakes) and Jehovah's Witnesses. And they roll along to this day, saying the end of the world will be "soon". After all, try to prove the world "won't" end next week.....

Annoying that people still fall for this crap.

[LFC_Bitcoin]

@danheld
Goldman Sachs: "Checkout our 0.5% high yield savings accounts!"

Bitcoin: *200% compound annual growth rate*

The choice is easy.
https://twitter.com/danheld/status/1421479225194864648?s=21



@danheld
Buying Bitcoin today is like buying Manhattan real estate in the early 1900's.
https://twitter.com/danheld/status/1421495204826210307?s=21



@BTC_Archive
#Bitcoin  is up $13k in 11 days💥
https://twitter.com/btc_archive/status/1421483728812007429?s=21



@Travis_King
It's stunning that #Bitcoin  hashrate just had its largest drop in history and price is up 40% in 10 days.

Antifragile to an awe-inspiring degree. The world's never had anything like this thing and it's an honor to just be involved.
https://twitter.com/travis_kling/status/1421289808442187783?s=21



@BTC_Archive
Cathie Wood says #Bitcoin  will hit $500k 🚀
https://twitter.com/btc_archive/status/1421168194211958789?s=21



@WClementeIII
Illiquid Supply Ratio has taken yet another leg up.

Bitcoin "supply shock" is now at levels that previously priced Bitcoin at $53K.

Consolidation after 10 straight green days is very reasonable but still remain bullish over the coming weeks.
https://twitter.com/wclementeiii/status/1421478155760640007?s=21

[JimboToronto]

Good morning Bitcoinland.
Nice to see some sideways in the low $4xxxx range... currently $41543USD/$51833CAD (Bitcoinaverage).
Steady as she goes.

-post of the day-

Which is worse? Mainstream media propaganda or social media propaganda?

[ChartBuddy]

Explanation

[Poker Player]

Not sure what the difference is between libertarians and "self-proclaimed" libertarians.

And what is "freedom from corporations"?

I think that although ErisDiscordia has made a brilliant presentation, at some point he has been carried away by enthusiasm.  I agree more with the first part of his post than with the second part.

This is the perfect example of what I like to call the "Invisible Dragon" argument.

In reality, this argument is as old as human history. The Greeks already used Deus ex Machina, usually in the theater, but in a plot with a difficult resolution they brought out God and solved it.

It is clear to me that if you believe in ghosts or dragons, the one who has to prove it is you. I am not the one who has to prove that they do not exist.

[virasog]

Bitcoin balance at exchanges has been draining constantly over the last week:


Two possible interpretation:

• Bullish:supply is strong at the exchange. Those coins are sent to cold storages not to see the light anytime soon.
• Bearish: leveraged long accounts closing positions on this rally and taking collaterals and profit out of exchanges, not to reinstate those anytime soon. Not bearish sellers will meet no resistance.

Pick your side!

[suchmoon]

Bearish: leveraged long accounts closing positions on this rally and taking collaterals and profit out of exchanges, not to reinstate those anytime soon.

I doubt it. There is no margin trading on Coinbase for example, and it's at the top of your list. Cheap dip coins are going to cold wallets.

[ImThour]

We might go back to $36k level, that will be the last time it will be below $40k this year.

[fr4nkthetank]

Which is worse? Mainstream media propaganda or social media propaganda?

News is classified as entertainment so they can lie or misrepresent things without real consequences.  The worse thing is people don't use critical thinking and just repeat what is socially acceptable in their little bubble.  Heck people still spend lots of money on homeopathy.  heck 

[ChartBuddy]

Explanation

[Hueristic]

And what is "freedom from corporations"?
Does it mean that only private citizens get to do business, or does it mean that only the state gets to do business? or what.
And how do we not have freedom from corporations now?
You are free to buy and sell with whomever you want, and if there happens to be a monopoly of some kind you are free to start your own business, and voila, the monopoly is gone.

Rough to see someone with his username advocating conformity in multiple ways.

Looked to me more like pointing out the manipulation going on. The Shadow system has those that hate it the most fighting the only entity that can exact change into stagnation. Those that crave pure profit at the expense of the rest are pulling the strings and this is one way they are achieving their goals.

[Torque]

Unfortunately, their guaranteed predictions never come true, so the next narrative is always ready to be released once defending the previous version of The Truth^TM has become untenable. That's why all the Independent Thinkers^TM switch narratives at the same time - they're ultimately getting them from just a few sources.

At first we were all going to die from the vax - the narrative just fit too well with the classic "depopulation agenda". Once that didn't materialize, they tried the "be afraid of side effects" route. That one wasn't working too well, since it's too easy to realize that side effects (even excluding death) from COVID are orders of magnitude more likely & more severe than from any of the vax.

Now we shifted to "we will die from the vax later" and "infertility" - narratives which are sufficiently long term that they can be milked for a while before they have to be replaced due to actual reality disproving them.

This is the perfect example of what I like to call the "Invisible Dragon" argument. It goes like this:

I have an invisible dragon sitting next to me.
Prove it does not exist.

Any argument made will result in a simple explanation that expands the powers of the invisible dragon. It doesn't displace air because it has no mass. You can't touch it because matter bends around it. And so forth and so on. The root of the problem is the person making the assertion is demanding that other people *disprove* the assertion when the responsibility for proving the assertion is that of the asserter.

The only way to handle this argument is to walk away.

Same thing here: The virus will kill people in a month by the millions. Then a year. Then 10 years. Then "infertility". Always things that can't be tested, can't be proven, and when they do fail you just slip in another argument.

It's a lot like the Millerites in the 1830's. This nutcase bunch attracted thousands by saying the world would end in 1843. When that didn't happen a "mistake" was found and it was 1844. Then it became "soon" and the sect split into the 7th day Adventists (nutcakes) and Jehovah's Witnesses. And they roll along to this day, saying the end of the world will be "soon". After all, try to prove the world "won't" end next week.....

Annoying that people still fall for this crap.

Yes, the flip side argument of pro-vaxxers that "We will all die unless 80%+ population gets the vaccine" or "We will never achieve herd immunity unless 80%+ population gets the vaccine" is the exact same invisible dragon argument. As time continues to prove them wrong, they will continually move the goalposts.

A few years from now it'll be "We'll never completely 100% eradicate Covid infections and all of its variants because more people refuse to get the vaccine." Something that would be true regardless.

[Toxic2040]

https://cointelegraph.com/news/bitcoin-supercycle-sets-up-q4-btc-price-top-as-illiquid-supply-hits-all-time-high

Bitcoin (BTC) is gearing up for a comeback which should lead it to repeat classic bull run years 2013 and 2017, analysts are arguing.

As $42,400 local highs appeared on July 31, narratives around the market are flipping back to a bullish Bitcoin "supercycle."

#dyor

#stronghands

[ChartBuddy]

Explanation