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

[Millionero]

"If the present system of banking and paper money be extended and perpetuated, the great body of the working people must give over all hopes of ever acquiring any property."
Free Trade Advocate, May 9, 16, 1829

[fillippone]

Yay! Back into the dark blue!





Dark blue is the band around the stock to flow where the price has been for the 95% of the time:

The grey line represents both the stock-to-flow ratio (denoted on the right Y-axis) and the predicted price in US dollars (on the left Y-axis). The dark blue area represents one standard error (2D version of standard deviation) from the predicted price and the light blue area represents two standard errors. The predicted price is extended into the future based on the parameters until Jan 1st 2027.

Check the original graph here:
https://s2f.hamal.nl/

[LFC_Bitcoin]

Tyler Winklevoss
@tyler
If you mess with the bitcoin bull, you better be prepared for the horns
https://twitter.com/tyler/status/1429834195552059394?s=21



@DocumentingBTC
70% of all #bitcoin  has not moved in at least six months. 💎 🙌
https://twitter.com/documentingbtc/status/1429832125012918273?s=21



@WillClementeIII
Do you consider usage of the Bitcoin network HODLing or transaction activity?

If your answer is transaction activity, usage is relatively low.

If your answer is HODLing, usage is at an all time high.
https://twitter.com/wclementeiii/status/1429907132183367684?s=21



@NEEDcreations
Let's say a prayer for everyone selling #Bitcoin  today. May you never make this mistake again
https://twitter.com/needcreations/status/1429907941558267907?s=21

[fr4nkthetank]

NFT's ?

Ah yes I hear rocks are the hot thing now.  about as useful as all the other NFT stuff.  I still don't get buying a PNG image, fight me. 

[STT]

NFT works in the modern meme culture way I suppose, so long as there is excess liquidity theres people who want to own a unique icon.  It doesn't establish copyright or a claim of ownership exactly so its more then a little confusing.   It seems to be something of a courtesy to usage by the creator not a sale, until there is a legal precedent to establish NFT I assume it will not appreciate over time ie. years.

Standard deviations is used in options trading in relation to volatility and valid future pricing.    Lots of clever people trading that stuff vs events and general market risk aversion.   The recent Dollar rise didnt do much to stop BTC rising anyway, my own take is DXY has to break the July low prices of last year to really create any kind of scare that would show in selling.
   DXY is falling now anyway, half a percent is no small move for such a large global entity.  BTC moves 1% all the time, its not significant but I do think we can move back to the weekly average

[philipma1957]

Down over 1% in the last 12 hours. Not looking good for bulls.

Bro, you are seriously making me nervous. I do not have enough fiat to buy more coin for the amazing pump you are predicting

Not me bro I am glad I sold a piece at 50k.

I jinxed the bull market when I predicted 70k by may.

back in april.

I was happy 😃 to get over 50 and make a sale.

In fact if we get back to 50 this month I will sell more.


Remember that my primary way to get btc is mine.
so i buy at quite a discount.

Ie one btc cost me 50% full value.

So I sell pieces at higher levels but still stack coins.

[El duderino_]

HODLsleep

[El duderino_]

Down over 1% in the last 12 hours. Not looking good for bulls.

[ChartBuddy]

Explanation

[Diced90]

100k Pump soon, confirmed.

OPsec, richie.. opsec..

Nice selfie, though.    

Bitcoin pampa pampa  

[Richy_T]

Sounds great, wish that could be retrofitted to my car.

I know there were all sorts of similar mods available for the Mini but that was a bit of an enthusiasts' car. The fan really is just a drain on economy and power when it's not needed and if you have a small engine, that can mean a lot. I believe there was even aftermarket AC available.

[Richy_T]

Surely in a voluntary transaction, there is not going to be abilities for the individual parties to figure out how much surplus value each person got, and in many cases it might not be necessary to know those surplus values except to appreciate that they exist, otherwise the parties would not have voluntarily engaged in the transaction.

Precisely so. Though often some degree of estimation of the net value gain might be estimable. If I sell you the wooden frogs I make for $8 and you're selling them in your wooden frog shop for $12, I might get a bit of a clue.

[ChartBuddy]

Explanation

[Richy_T]

Jesus How old are you!

When were car Thermostats stock?

My first car didn't have a rear window heater until I added one myself

I believe thermostats are still pretty standard?

[philipma1957]

Jesus How old are you!

When were car Thermostats stock?

My first car didn't have a rear window heater until I added one myself

I believe thermostats are still pretty standard?

you must be sixty

[Toxic2040]

Veblengoods.ping
https://thereformedbroker.com/2021/08/23/ask-yourself-this-why-wouldnt-is-go-to-100000/

[Syke]

Not in the way like NFT's are handled on other chains/platforms, but maybe it would make some kind of sense on smart contracts of a dedicated sidechain, imo.
It just wouldn't make much sense to cram a bunch of bells and whistles into a rock solid blockchain that mainly does only one thing, but does this thing perfectly.
That would be very bad programming as well and that's also my main concern on blockchains like Vitalik's. They cram so much functionality into it, there is a good chance to integrate some vulnerability or even break the whole thing in some way.

Yes, the Liquid BTC sidechain supports NFTs.

https://bitcoinmagazine.com/business/raretoshi-nfts-on-liquid-bitcoin-sidechain

[philipma1957]

Veblengoods.ping
https://thereformedbroker.com/2021/08/23/ask-yourself-this-why-wouldnt-is-go-to-100000/

Nice article

[Toxic2040]

Veblengoods.ping
https://thereformedbroker.com/2021/08/23/ask-yourself-this-why-wouldnt-is-go-to-100000/

Nice article

I particularly like this quote.

Forget what you can picture. We are at the place on the map where they ran out of names or recognizable features so they just started drawing dragons and giant squids and shit.

[Richy_T]

you must be sixty

Not there yet. I do drive a 2000 car though and it definitely has a thermostat.

Edit: A quick search indicates that thermostats are not obsolete so :p