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

[Lucius]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

She is only consistent with what she is convinced of, but unlike before it does not mention Bitcoin explicitly but rather refers to stablecoins as some kind of threat or serious competition to a possible digital euro.

https://www.theguardian.com/technology/2018/mar/13/imf-christine-lagarde-calls-bitcoin-crackdown-cryptocurrencies

People mini selling to buy iPhones

 

Interesting choice of words, especially if you haven't seen this news -> Waste from one bitcoin transaction ‘like binning two iPhones mini

[GbitG]

Hungarians done great job for great Satoshi Nakamoto

[Elwar]

Just spent an hour and a half filling out online forms for international travel for my wife to fly today.

They're making it harder and harder to fly these days. As a software engineer I am bewildered that the forms are meant for the 99% of sheep that have typical lifestyles. One missing piece of the puzzle and I either have to lie on the form or not have the ability to travel.

When I was a kid my dream when I grew up was not to fill out forms for the rest of my life.

Of course, the only reason she had to fly was also due to government. In order to stay in one location, one has to fly to another location, stay there for a minimum amount of hours, then fly back to that original location.

I would say that I would like to be in those meetings where people come up with ideas for how to restrict people but I've been in meetings like that. A bunch of clueless drones thinking that they're doing something worthy while they're just compensating for some low self esteem issue that they are now projecting on everyone else to deal with it. I'm looking forward to the algorithms with no emotional stake in things to be the law of the land.

[hisslyness]

Who the fuck is this “emblem-deployer” faggot who is claiming to have created the Pepe assets that I FUCKING CREATED!!!
https://opensea.io/Emblem-Deployer?tab=created

This fuck is claiming my own creations as his own!!!!!


How do I get my hands on this fuck???

Angry!!!

Motherfucker I am 1vvSrTFiQY7akwbsv3iYPPe9mR3DsEbff !!!!!!

Message:
Fuck you emblem-deployer!!

Sig:

Code:

H7HWCczxtHpRExIOI5pJhEboagBKX97L2EXZrDJvs0l8JrAsZwYGPfHzC3/lIPZEmpP4kEANFutxGaHfDF7fyKA=

Fight me you scamming bitch!!

I never really cotton on the idea of NFT. I guess this is another example of why i don't see any value in it...

Do you every truly control the underlying asset to the NFT? Sure, you may own it, but do you control it? What is stopping someone from, i don't know, selling the exact same thing on opensea..

Certificates of ownership are on the bitcoin block chain, say if I create a trading card with 200 certificates, there can only ever be 200 proofs of ownership, in these proofs of ownership certificates can be transferred two different bitcoinAddresses on the block chain just like sending bitcoins.

It was supposed to be a trading card game like Pokémon, we are some cards are rare and more powerful to play, and other cards are more common. I some more and more high demand simply because people prefer them but usually ones with Lor issuances or more valuable because there are less of them

But yes they are basically bitcoins, in the beginning a lot of bitcoins had to be burnt to create counterparty, and these are now colored coins, in basically you can attach ownership certificates to little bits of colored bitcoin, and send them back and forth however you want just like bitcoin.

So like I said, if you were going to put the deed to your house on a block chain, and when you sell it transfer the deed crypto graphically on a block chain, would you want to do it on bitcoin? Or would you want to do it on ETH?

You can put deeds the houses, car titles, stock certificates, and even proof of ownership of trading cards on the bitcoin block chain, and even program them to issue dividends, or you can manually distribute dividends.

It is bitcoin


I am using talk to text because I’m driving so I apologize for the shit grammar and what not, I’ll fix it later


But anyways yes,We have been doing NFTs for many years on Bitcoin Before the term was even a thing

Actually you have your choice to lock your issuance tokens asshole numbers or be divisible, so you can choose for them to be fungible or non-fundable. Most of the certificates of ownership are nonrefundable because itDoesn’t make much sense to Own decimals worth of a trading card


Oh yes, and I can prove that I am the one that created some of them, because I own the bitcoin address that created the issuance.

My public key keys arm my identity more so than any form user name or chat handle.
Your public keys prove who you are when you sign them, they are your identity, not whatever name you chose for a username on bitcoin talk or polo chat.

i know what you mean, i had a similar idea with my NBA Graded Cards. I wanted a way to be sure that the card i got was the original graded card and not some knock off. Was about to drop a monster amount buy a MJ rookie card, but noticed some inconsistency, but if there was a way that he could prove all the way back to the issuer, ie Beckett Grading Services, then that would have ease my mind a little.

Out of curiosity, how did he get in the position of being able to claim it as his?

Whoever bought JD first tweet, can lay claim to it now, but can never say he tweeted it first, because we all know who JD is right?.... but who is "eddie13" and that is another reason i don't quite understand what the big hype with NFT was all about, how is it meant to protect the unknown artist...

[ChartBuddy]

Explanation

[Apocollapse]

Hungarians done great job for great Satoshi Nakamoto

We are all Satoshi except Craig Steven Wrong.

[hisslyness]

anyhow... on another note.

Bitcoin Core has completed downloading the blockchain.

Next Step, fund my lnd node.

Generated the Bitcoin OnChain wallet. A little scary, as i just discovered that your can not just dump the privkey like you would with and ordinary Bitcoin Core Wallet. Infact it is a bit of a mission, involving/using mnemonic decrypting websites and converting them to BIP82 private keys or download other tools to interact with your lnd wallet.db

Kind of feels like "not your keys not your bitcoin". But overall i think it is safe to assume my seed phases will give me access to them again in the unlikely event of a hardware failure.

Anyhow, i had sent the remaining amount i had left over in my coinbase account to the OnChain wallet. A little over 0.125 or 12,500,000 SAT ready to do my part.

{
    "total_balance": "12504925",
    "confirmed_balance": "0",
    "unconfirmed_balance": "12504925",
    "account_balance": {
        "default": {
            "confirmed_balance": "0",
            "unconfirmed_balance": "12504925"
        }
    }
}

Still waiting on confirmation.... but planning my channels and connections now.

If any WO members are interested in opening channels send me your lnd node public address. If we can all connect to atleast 4 members each we will have plenty of routes to use and if anyone is planning on setting their own lnd node, more than happy to help.

[JayJuanGee]

[edited out]
We may well have a beer at the $1m party  

I remember a lot of parties (at least on the books) - notable, $1k, $10k, $100k, and now the $1 million party...


Yes.. for sure.. jelly tomorrow...

Let's do it.  

[edited out]

Huh? I thought we were talking about the $100k party, no? Now it's the $1M party?

Actually I like the change. $100k seems so close, almost a no biggie, boring even ($100k boring? WTF?). $1M will be so cool...until it becomes boring too, and we aim for $10M.

That's right.

$1 million.. for sure this time.

 

Well, no, $1M will never be boring, because of that 'M' in there. This should bring many of us to "fuck-the-universe" status!

There is a kind of funny thing in terms of some of these exponential expectations... at least for those who have been able to hang onto a decent quantity of BTC along the way up...

I frequently have been suggesting a minimum of 1 full cycle, and gosh two to three cycles brings more assurances - even for those merely contributing small amounts of value on a regular basis.

Consider the not to aggressive but fairly persistent dollar cost averager who had been contributing $50 per week for the past two cycles (that is 8 years), and surely more than half way to spot price fuck you status.. and putting another 20x on that cat's situation is going to surely put him/her into solid FU status territory (so long as s/he is able to hang onto most of those coins along the way UPpity)....

And remember, many of us would consider that $1 million is within decently reasonable grasp for the next cycle... and surely 2x to 5x of $100k still does appear reasonably within grasp of this particular cycle, whether the spot price top of this particular cycle plays out this calendar year or if it takes us up to a few quarters into 2020 to play out...

You are not going to find me grumbling at all with current standings either with $15,500 as the 208-week moving average and $23k as the 104-week moving average - I had created another chart too and there may well be some reasonableness to consider those averages to be moving up 30% to 50% per year for the remainder of this cycle and even perhaps for the whole of the next cycle too.. based on both historical numbers but also they are conservative lagging indicators.  Some claim that the CAGR (compounded annual growth rate) numbers for bitcoin have historically been close to 100  (that is 100%), and I don't really like those kinds of assessments for projecting into the future, and even looking at my own past numbers I am considering 60-80 to be more reasonable historical assessments, and even projecting 40 (CAGR) on average into the future (of maybe 5 years or so) seems reasonable, too.  

[edited out]
Well, no, $1M will never be boring, because of that 'M' in there. This should bring many of us to "fuck-the-universe" status!

In my case the M means "Fuck you, i can travel anywhere!"  
(Without taking too much from the digital family treasue)

What's your anticipated timeline, OOM?

The next cycle?  Do you have plans to just retain a certain amount of coins no matter what?  

There surely can be various contingencies attempting to deal with both the projection of how long it might take to get from here to point A, point B, or point M.. but then what to do along the way because getting to point M is not guaranteed... so does anyone want to be fucked if we get to some place short of point M and then go into some kind of going to zero scenario, which is not a zero possibility way of history potentially playing out.

[savetherainforest]

[...]

{
    "total_balance": "12504925",
    "confirmed_balance": "0",
    "unconfirmed_balance": "12504925",
    "account_balance": {
        "default": {
            "confirmed_balance": "0",
            "unconfirmed_balance": "12504925"
        }
    }
}


[...]

Ape!!! Learn to use ASCII or at least barely some "_asm" language.     

[aysg76]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

So she would also agree that most of the so called currencies are not backed up by any so called federal reserve?

But yes she has not mentioned bitcoin in her statement so if she is taking about all those shitcoins then she's visionary

[hisslyness]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

So she would also agree that most of the so called currencies are not backed up by any so called federal reserve?

But yes she has not mentioned bitcoin in her statement so if she is taking about all those shitcoins then she's visionary

hedging her bets!.. If Bitcoin becomes a dominate world wide currency, she can say i meant crypto was bad, you know ETH XRP and all that crap, i never said Bitcoin was bad! i always like Bitcoin. I pay for my tanning session with Bitcoin over LN routed/processed by the guys and gals over at the WO.

[JayJuanGee]

Suspicious, suspicious:



Man, how I hate this lady.
Sheer incompetence at her best.

Read again  
"Cryptos" are not Bitcoin!
Wouldn't fit the lady if she said "Shitcoins" instead of "Cryptos"  

EDIT: While El Salvador made Bitcoin actually a currency  

I don't know if we should say that this is exactly the point... because technically, Lagarde is not incorrect.. cryptos are not currencies..

that is fucking correct.

bitcoin has been made a currency in El Salvador.. that is correct.

but part of Lagarde's problem is the same as a lot of other folks, she is both afraid to use the word bitcoin and she comes off as more than a wee bit desperate in terms of how she responded. and framed the matter. that leaves a bit ambiguous.. what the fuck she talking about.?   even if there is some technical correctness in what she said..

[ChartBuddy]

Explanation

[JSRAW]

Random news : India has administrated 22 Millions vaccines in a single day.

[savetherainforest]

Random news : India has administrated 22 Millions vaccines in a single day.

KKK....... Waiting for the death count into the billions by the next 2-3 months then??              

[JSRAW]

Random news : India has administrated 22 Millions vaccines in a single day.

KKK....... Waiting for the death count into the billions by the next 2-3 months then??              

Reincarnation is big thing at home so.. 

[Biodom]

@jjg:

"sure someone like you, Biodom, remain so damned whiney about this whole BTC situation because you had never really been too bullish about bitcoin, including your somewhat whimpy allocation of a lump sum investment of around 20 BTC in 2015"

oh, my...that was just an EXAMPLE to calculate something.

"I am not even proclaiming that my 0.63 BTC stash competes with yours, but I am saying that I had been employing the proper, substantial and meaningful tactics along the way."

It's not about the amount, it's about understanding bitcoin mechanics beyond coinbase, binance, kraken account.
You seem to lack such knowledge and, therefore, whatever you say, you cannot possibly call yourself an expert and "slap" people around.
As I said before, you are in "not my keys, not my bitcoin situation"...only slightly better than mtgox.
Continue to accumulate fiat that is inflating at 30% a year as you please, but spare us the "big brother/sister talk"...at least most of the time.

[ChartBuddy]

Explanation

[Richy_T]

Suspicious, suspicious:

Nah, mundane and predictable.

[Richy_T]

We are all Satoshi except Craig Steven Wrong.

I'll give him credit, he's managed to dodge being behind bars pretty well. Though it doesn't seem to be from evading the law, more because they just don't seem to want to touch him. Which is a bit suspicious now I put it like that.