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

[philipma1957]

Explanation

oh buddy where is that 52k?

[1714686898]

1714686898

[1714686898]

1714686898

[1714686898]

1714686898

[shahzadafzal]

Incredible short opportunity here.

Where?

[JayJuanGee]

[...]

Those are some controversial mixenings that you are making....   Maybe AlcoHoDL and Llama Llama are dee same peep?

[...]

Wow, Jay, that hurt!

Just going on a limb in hypothesizing, and your response lends some credence to my suspicions.

 

[...]

That hurt too. This is a genuine response to someone I respect here in WO. Take it as you will.

I am starting to wonder whether a lack of lol's makes any kind of difference in terms of interpretation?  self-doubt, here.  

Toughen up AlcoHoDL.  You are going softy on us**?  Do you even realize that we are on the interwebs here?

**That's the royal us, in case you had not noticed.  #nohomo on this one - for sure.

By the way, do you really believe that any regular member herein with even half-a-brain, including but not limited to gembitz, would actually consider you and that dicktwat sheep to be the same peep?  I am going to have to have Bawb straighten you out when he gets around to it.. he seems kind of busy, right now, although also Bawb no doesn't listen to (or do) anything that I say, unless I attempt to employ a wee bit of reverse psychology to make it the opposite... hahahahahaha

here is a nice little visual listing of which stores will accept Bitcoin in el salvador starting tomorrow


https://twitter.com/BitcoinMemeHub/status/1434782162742505477?s=19

That looks like a pretty small number of BIG companies that are going to be forced into having to accept bitcoin (or to leave El Salvador, which currently seems to be the alternative for any BIG company operating in El Salvador).

Just looking at the names, I was thinking that, for example, they must have more auto manufacturers located in El Salvador rather than merely VW operating there, no?

[ChartBuddy]

Explanation

[JayJuanGee]

Pay for parking with Bitcoin and some alts in Belgium: https://www.nu.nl/economie/6155467/belgische-start-up-laat-gebruikers-met-bitcoins-voor-parkeren-betalen.html

Saw my nick came up. In reply, I am far from fuck you-status. But I do try to enjoy life while I can. It's a trade-off - yes I could be life-changing-fuck-you rich at one point if I just save all my BTC. If I had saved all my BTC (max 98.5) and ETH (1200) and Dash (1100) I had at one point, I would already be a multimillionaire right now. But on the other hand, I live now and I want to enjoy life as much as possible right now. Right now I only have a couple of BTC left, no ETH, no Dash.

That's too bad about both your ongoing inability/unwillingness to save some bitcoins, and your seeming inabilities to control your desires for immediate gratification.. but hey, each of us make our own decisions regarding how to balance current versus future gratifications based on what balances that we maintain (and our abilities to invest).

Everyone needs to make those decisions for themselves, it depends on what you want but also on your circumstances.

Not arguing with you about that.

In my case, I have been very lucky in my life. I live in an appartment that I thouroughly love, I will never move out of here even if it is only 65 m2. I don't want more. I have a nice job, all I want is to work a little less, but I do not want to not work at all. Now that I also have the car I've always wanted, I really do have all the material stuff I could ever whish. I also have enough reserves to handle bad times if they should happen.

One more thing I bought recently was 140 hours of extra free time from my "thirteenth month" of salary. I'm sure that sounds weird to Americans but here in The Netherlands in my line of work that is possible.

Next year I will change my contract from 38 hours to 32 hours, work 4 days and have a 3 day weekend. I will make a little less, but I've worked on getting my running costs as low as possible - I pay little mortgage, I pay close to zero for my energy needs, and now with the Tesla the running costs for my vehicle have come done considerably.

So, in my circumstances, I already feel rich! So thank you Bitcoin!!!!

No problem with any of that, either.  Peeps make trade offs in terms of present versus future, and so hard to really suggest that you are making the wrong choices for yourself in terms of either your finances or your psychology.. that's for you to judge.

Edit: JJG FYI Ducati is with one t. And yes it was destroyed but payed for in full by the person who drove through a red light to hit me. I now have a 959 instead of the 899 I had then.

Yes, I recall some of those details, including your posting about the new one that you got.

Of course, as I have already posted a couple of times, I am not quibbling with your desires to determine your own financial, psychological and even utilitarian needs, but I am quibbling with your posting in this public thread as if there is some kind of justification for your various seemingly luxurious consumption of various depreciating assets, and frequently at times that are not even close to being the top of a cycle or to even demonstrate that you are engaging in any kind of practice that would be recommended for anyone except ur lil selfie and perhaps a few other weak-handed folks who tend to value their wealth in depreciating consumption items and with little or no ability to either defer gratification or to sufficiently understand the power of king daddy, including it's likely value appreciating power, as compared with your choices in consumption items that likely could easily be deferred and allow you to consume magnitudes more in the event that you had some abilities to defer some of your consumption inclinations. 

but whatever, you do you... If you want to have fun staying poor, that's your choice... and sure, some of this assessment of wealth (and appreciation of bitcoin) is relatively thinking and even with a couple of BTC you are way better off than so many nocoiners who have hardly any clue about bitcoin, or are hesitant to take any kind of BTC stance or to begin some kind of BTC accumulation and maintenance plan.. so surely you remain light years ahead of many of those nocoiners to the extent that they might be a reasonable comparison of where you are at and where you might be going.

Oh noes! We crashed down to 51.5k. Better call Proudhon....

doesnt someone here have him on speed dial or something?

Maybe AlcoHoDL?

 

[fillippone]

https://twitter.com/nayibbukele/status/1434968475928248331?s=21

Back of the envelope calculation:

6,000,000 citizens*30 USD each /50,000 USDBTC= 3,600 BTC needed!

Massive!

[OutOfMemory]

Meanwhile, $BTC sneaks it's way upwards near $52k again on Bitstamp...
A matter of time. Maybe next 24 hours are critical.

/me feels so bullish, it almost hurts (in a good way) #nohomo

[El duderino_]

New poll

When is “vroom” updating the chopper chart

September 7-14
September 14-21
September 21-28
Oktober…… etc

[Oshosondy]

Hoping for buddy to lift us over 52k in 2 minutes or so

Sooner or later, bitcoin price will be over $52000

[bitcoinPsycho]

New poll

When is “vroom” updating the chopper chart

September 7-14
September 14-21
September 21-28
Oktober…… etc

October... ...etc      I reckon

[JayJuanGee]

Have been seeing this trend on twitter and reddit people are making plans to buy $30 worth of Bitcoin on 7 Sep 2021 ,to mark El Salvador’s Bitcoin adoption law coming into effect.

What our people of WOs think? $30 is nothing can we do it too?





But if you are Salvadoran then you will get free, don't miss it.

Salvadorans will be able to download the government’s digital wallet, enter their ID number and receive $30 in Bitcoin, Finance Minister Alejandro Zelaya told local media last month.

By the way a my rough estimate suggest there are 4.4M adults in El Salvador and if half of the population downloads the wallet that means
2.2M x $30 = $69 million coming to BTC...?

Lets pump it.

Here's my description of my current plan for Tuesday, in the MSTR thread - which in essence is for me to buy $30 worth of BTC in each of my BTC related accounts that I have an ability to buy BTC.. which is currently 6 accounts:

The chairman and CEO of MicroStrategy, Michael Saylor, plans to spend $ 30 on September 7 to buy bitcoin in support of its implementation in El Salvador, thus taking part in the promotion offered on reddit. https://www.reddit.com/r/Bitcoin/comments/phgtq2/so_we_all_buying_30_worth_of_bitcoin_on_tuesday/

Of course, I am in support of buying $30 worth of bitcoin at whatever is the price on Tuesday, September at 2pm Pacific time, and personally, I am planning to buy $30 in every single account that I have that 1) has dollars in it or 2) a link to a bank account for dollars or 3) some other way of having $30 available for the purchase of BTC without having to sell BTC in order to make such $30 available.    

It seems that I have 6 accounts that currently meet my own criteria, and I had three accounts that I had been actively using on a fairly regular basis so they have no issues in regards to making sure that they are set to go and I can market buy $30 worth of BTC at or around the time of the concerted effort.

So of course, tentatively I am thinking that my BTC purchases are going to be $30 x 6 = $180 - unless I find some other ways that I either have already set up, I can easily set up or I want to go through the process of setting up some new ways to make some additional $30 BTC purchases.  

By the way on the three less active BTC related accounts that I currently have, I did make $50 test transactions on each of them in the past few days in order to ensure that I would feel comfortable that they work sufficiently and I will be able to immediately buy the $30 worth of BTC on Tuesday at the designated time.  .. so my extra BTC purchases in preparation for this concerted symbolic and supportive play is anticipated to be $150 (already spent) + $180 (the transactions that I will do on Tuesday at around 2pm pacific time) = $330 worth of extra BTC.

[El duderino_]

New poll

When is “vroom” updating the chopper chart

September 7-14
September 14-21
September 21-28
Oktober…… etc

October... ...etc      I reckon

I mean if the idea is goed for the poll continue the spots till maybe somewhere in November ….

[JayJuanGee]

Oh noes! We crashed down to 51.5k. Better call Proudhon....

doesnt someone here have him on speed dial or something?

I did  but he changed his number and told the mods to delete my

homage to him.

the block of threads 50k to 100k was removed by the mods.

since we hit 50k.

the new block of threads would be shorter.

I wonder if the mods would let me do a shorter locked  block

say:
55k
60k
65k
70k

Probably the mods do not like you.. or that diptwat yama either.

Let's go full retard (no homo) and do a homage to Roger Ver and Craig Wright and Gavin Andressen and Elon Musk while we are at it?

here is a nice little visual listing of which stores will accept Bitcoin in el salvador starting tomorrow


https://twitter.com/BitcoinMemeHub/status/1434782162742505477?s=19

Umm...I hope those aren't the only stores.

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

Hmmm I don’t use btc for small payments actually but I would love to go and buy some burgers etc at McD’s and pay with some sats ….

- especially with lightning and something close to zero fees.

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

I've read that it's actually optional, hence I do expect that - especially at start - the huge majority of stores will turn down bitcoin payments (unfortunately).

Yes.  It's optional for small rink-i-dink operations who do not have an ability to accept it, and I would not categorize any of the companies on that prior list as being sufficiently small and rek-i-dink in order to not "have to" accept dee king daddy.

It all comes down to the fact that Bitcoin is a peer to peer money. Corporations are not a peer. They are a huge conglomeration of different people getting different percentages of your purchase. In order for a corporation to get paid in bitcoin (right now) you need a corporation to act as middleman (ie. BitPay) for the company.

Wow!!!!   All this time in bitcoin, and you somehow have a view that companies are not "peers"  That's about as retarded a statement as could be made.  Surely, there might be some companies making such arguments, but no one with any brains should actually believe such nonsense, unless you are just taking such statement out of context.

One comment I found telling was of someone going into a store to buy something with bitcoin but the owner wasn't there so they had to text the owner and the owner finally sent the payment address.

Sure the coming up with excuses makes sense.

Are we expecting McDonalds to set up a lightning wallet for their cashier to handle all of the money for that day, and then expect the cashier to make the choice between handing that wallet over to the owners at the end of the day or just quit with more than they would make in a year?

Another retarded statement.  Of course, there are all kinds of people who are put in charge of handling money, and they have to hand over the money at the end of the shift - or possibly various points in between if they happen to be handling large quantities (or potentially large quantities) of money.

Bitcoin will eventually not only take down governments but also take down corporations. But for now, we're not there yet.

Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".

Yes.. small countries such as El Salvador may well be left with the choice of shutting down such company operations if they do not comply and surely some countries will not be willing to play that card, but they might be wiling to bluff or maybe play that card at a later date.  Countries, even small ones, are NOT devoid of power, even when dealing with large companies.

[El duderino_]

Hoping for buddy to lift us over 52k in 2 minutes or so

Sooner or later, bitcoin price will be over $52000

It was sooner.

[ChartBuddy]

Explanation

[d_eddie]

https://twitter.com/nayibbukele/status/1434968475928248331?s=21

Back of the envelope calculation:

6,000,000 citizens*30 USD each /50,000 USDBTC= 3,600 BTC needed!

Massive!

I am a bit surprised that a Head of State doesn't have a translator to provide advice/spellcheck (it's vs. its) for public announcements, even if it's just a tweet. But I guess after Trump, anything goes.

[cAPSLOCK]

Just thinking about possible outcomes...

Tomorrow, supposedly, lot's of people will be buying $30 of BTC "in solidarity" with the people of El Salvador.  (And I have interest in the dynamics of this, as well as the implications... whether it's a good idea?  Or some weird pump and dump? But that is not for this topic.  I will not be playing along for... reasons)

But I have been doing *this* a little today:

I would think the outcome in most universes is underwhelming.  There might be a price spike, but not much of anything, and I would even think we would see a sort of reverse effect.  A "sell on the news" sort of event if you will.  The Bitcoin price has already been acting a little friskily.  And a cool off period would be reasonable.

But so might be another leg of this bull run. 

And the world is STILL not used to an asset with an ever diminishing loose float.  This is one of the reasons for a Bitcoin chart looking like nonsense until you plot it exponentially.  This is one of the main reasons that people still can't believe Bitcoin is not a bubble.  Only Tulips act like this.  Or the adoption curves of important new technology.

I know I am preaching to the choir, but here's the thing.  Bitcoin is CUSTOM DESIGNED to store value.  And  at the time of this post 89.6% of it is already in wallets. And only that 10.4% more of the total will EVER come into being.

The thing about pricing bubbles is we have ONLY EVER witnessed them in some sort of commodity.  Tulips, dotcom companies, and sub prime mortgages are all examples.  But Bitcoin is radically different than these three things.  In more than one way.  It is perfectly finite.  It cannot be copied, but most of all: it is custom designed to hold value.  It is MEANT to be money itself.  But it is still (early) in the discovery portion of it's genesis.  So the monetization of it is not the same as tulip bulbs.  In fact the PRICE of Bitcoin is it's main feature.  That's the catch.  That is the bomb at the end of the fuse.

At some point retail is going to trip over the fact that there are not nearly enough for sale to meet the coming demand.

That's it.  That's the point.

So what cAPS?  We all know that. We are the wall observers.

Thing is we have still never seen real demand.  And the big money investors who have been gobbling up all the early whale fortunes have been doing so as quietly and surreptitiously as possible.  And they know as well as us that at some point the music stops, and you are either in a chair or not.

But every holder has a price, right?  Of course, which is why Michael Saylor has been able to buy so much.  There are people out there with so many bitcoin that they could never spend it all.  Some are older, too, and are ready to enjoy the fact that were able to see this thing coming. But there are only so many of those folks.

But the part that has remained calm is the retail float.  "It's too late to get into bitcoin" <- is what almost everyone thinks.

Again.  Saylor knows what he is doing.  Why would he be the front man on a pump and dump?  I would bet a WHOLE BITCOIN (if I had that much) on him NOT doing this to dump on all the plebs buying $30 worth tomorrow.

So why?

Because he has figured out the same thing many of us have.  At some point a fuse is going to get lit.  And tomorrow is a damn good candidate.  He holds lot's of sway amongst the Bitcoin Twitter plebs...

I predict that eventually we are going to see a WallStreetBets sort of black swan event.  Retail is going to realize they can make the price go up like CRAZY by organizing their buys.  This really still needs to be kicked off.  And there will be LOTS to talk about once it does as to how the dynamic acts going forward (prices, profit taking, the block size discussion (sigh, again)).

But like I said before... this is different than Tulips. Because once this starts up this time a lot of folks will STILL end up left behind, because they thought they could sell.  The people holding BTC are getting stronger and stronger.  And the addressable float is getting smaller and smaller.  And the demand is getting bigger and bigger.  The lesson to this story is no ONLY sell if you really MEAN IT.

It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.

I figure in most universes tomorrow is fairly meh... 

But not all of them.  And it is indeed inevitable.  Eventually that fuse is going to catch.

Strap in brothers (and sister or two?).  You might not need that belt tight tomorrow.  But then again, you MIGHT.

[ChartBuddy]

Explanation

[philipma1957]

buddy doing heavy lifting. a nice back to back 52 then 52.5

I think I will not do any sales today.

maybe tuesday or thursday.

[Richy_T]

The idea was that home cooks could take orders or have a large meal cooked and put it on the app. People order the food like on any other food app and some delivery service comes and picks it up and delivers it. This would be for people looking to make a bit of extra money, people like my mom who like to make cookies but could never eat as many as she cooks so she just gives them away, people like my wife who can cook a five star meal but don't want to be running a restaurant with all of the headaches that come with it. Or even someone with 3 kids that is cooking a recipe that can easily add 2 or 3 more servings to send off on a delivery for a bit of spending money.

Then I checked the laws in the US and no state allows you to sell food made at home. There are some very limited exceptions such as granola bars or some shit like that.

One more thing to look forward to when it all collapses though. Home delivery of some nice old lady's chocolate cookies and side businesses for the home cooks out there.

It depends on the food and the quantity. However, it is possible to rent kitchens which would probably work well with your app. In fact, you could potentially make that part of the business. Rent the kitchen, provide the virtual storefront, take a decent sized share of the income.