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

[AlcoHoDL]

When name calling stopped,
And peace was restored in WO,
Corn started pumping!

So, try to post more...
...guitars, Neo memes and shit.
Corn seems to like it!

#sundayhaikus

[Biodom]

I remember when NFTs were called colored coins and nobody wanted any.

Was it the marketing or the timing?

both

that said...eventually, having a nft of something (house deed, car repair history, etc) would help automatic systems to interact with each other.

[serveria.com]

When name calling stopped,
And peace was restored in WO,
Corn started pumping!

So, try to post more...
...guitars, Neo memes and shit.
Corn seems to like it!

#sundayhaikus

Gay xmas card time soon...  That's when the real rally will start!

[OutOfMemory]

Oh, revisiting €42k now.
*rocketgif*

[Elwar]

https://usdsat.com/

Note, that's a logarithmic scale!

I've started to think of satoshis in terms of being .1 cents when trying to calculate value. That is how much they will be worth when the price is $100k.

I spent a few years thinking of BTC in terms of $1k/BTC when the ATH was $260. I knew it would reach that number and when spending or buying BTC I thought of it in those terms. I recall reading a reddit thread of someone doing the same thing.

So now I am treating BTC as being worth at least $100k and acting accordingly. When I have to sell to pay for something I am keeping in the back of my mind that I'm selling at 50% off at these low prices.

At $100k/BTC 1k satoshis is one dollar. I'm fine with adopting sats as the standard with that in mind. $10 is 10k sats, a $25 meal is 25k sats.

[Sayeds56]

https://www.reddit.com/r/bitcoinmemes/comments/pyzga1/i_will_thank_you_father/

[UnDerDoG81]

https://twitter.com/ActNormalOrElse/status/1444405988413554691

You know that this is bs, right?
I am not sure what the value of some NFTs are are, but, clearly, saying that copy is the same as the original does not really work.
Here is the 'copy'  (jpeg) of my bitcoin paper wallet...it even has the public key, lol.
bitcoin could be wrapped as an NFT? heresy, heresy

When I saw a post from Ben (time is on our side Ben) that he sells 25 copies of his chess NFT I realized NFTs are scam. It made sense when there was only one unique NFT available but now if they start selling copies, that's a scam. That's like money printing. Or imagine there would be 25 copies of Mona Lisa and they keep printing more as they need money.

[Elwar]

Number go up.

[eddie13]

Bearish if we don’t hit atleast $49k..

That's quite a random number.  Or is it?

Seems that you have picked such random number out of your a** that is just short of where we have already gotten within the past 5 hours, which is $48,500.  So you asserted that if we do not make it up to your random number, then the market is bearish - which comes off as nearly pure gibberish.

Seems that the more realistic approach would contain more zoomed-outedness to it.

but yeah..... we had a price correction down to $28,600 in June/July after our $64,895 top in April.

We had a recovery that brought us back up to $53k in early September

And then a crash back down to $39,573 in the past 10 days....

so far we have made it back to $48,500 in the past 5 hours

that is from $44k to $48,500 in the past 24 hours, but within the past 5 hours, we have not been able to get above $48,500... Is there anything to see here, yet?  I am having my doubts.

Seems too soon to call whether the UPpity would be done yet or not.. and if there were to be any kind of urgent need to reach $49k when we have already reached $48.5k, no?

Seems to me that we need a bit more data before coming to any kind of conclusion regarding where we are at and what it means - beyond that there are ongoing UPpity price pressures, and if you believe that we are revisiting $39k, that could be the case, and I am not even sure if that would be bearish, if it were to happen.. but let's see.. let's see.. The weekend is critical.^tm

I can very quickly - through the back of my head - make a list with genuine people/accounts in here too.
As for the rest, they have an agenda & vested interests - apart from our common denominator BTC.
To be continued.

Cry more, you little bitch.

Bob he is a lovely guy.

Yes, deep deep deep on the inside, he is lovely so long as he gets his pacifier and no one gives him a keyboard - or would it be an ipad?

The last little peak was just shy of 49..
I want to see this peak break a touch higher than the last peak to feel bullish..
Putting up a lower high feels bearish..
Pretty simple really..

Scientific? No..
But I have been watching these charts for a very long time and feel decently confident in my intuition..

Do I mean end of the halving bull run? No..
Just that we aren’t done with the bearishness since the last high to 52 ish..

I want/need Bitcoin to moon just as much as anyone else here..


I hope people are right about it dragging on another 6 months or so instead of peaking within 2021..
I would really rather not sell anything more within this year, but I do plan on taking a little off the top to use some of it and hopefully buy back lower with the rest..
Probably with about 20%, and I’m targeting north of $200k..

Ok, I’m happy now!!
Bullish!!

[Agapios]

Okay now go fast over USD 55k, before there is another the seven hundred china ban. The ban of something that is already banned.

[DaRude]

Is this the effect of the Pandora papers with money floating into BTC?

[philipma1957]

Can’t believe so many of you buy the CO2 theory nonsense..

Bitcoin is not for everyone..
It’s only for people who are smart enough to start using it, and then for the subset of those who are smart enough to not lose them in the myriad of different ways possible to lose your coins from just losing your keys to being scammed or leaving them in another’s custody to be scammed..
Not to mention those smart enough to figure out how to make some coin, or smart enough to have extra funds for investment to put into coin, and then smart enough to delay gratitude not to sell out..
If they were smart enough to take their time to understand it well enough to believe in it.. Smart enough to understand enough about it in the first place..

Crypto is not even close to “for everyone”..

Equal opportunity? Yes..
Equal outcome? Ha ha ha.. No..

It is not so much the c02 concept

Take a pleasant place say one of the Hawaiian Islands cut down everything and plant pineapples and nothing else.

What will happen? you will fuck that Island up.

If you do not think that is happening around the world as I type and that it is sunspot activity fine.

Then save the coil oil and gas for the next ice age and jack up the solar while the sunspots heat up.  

The if you are correct and an ice age comes in 30 years you have the coal ,oil ,gas saved up. Especially the coal as the miners can mine and stack it for the ice age.

So if co2 is real you win

and if sunspot followed by cool down is right you win

[JimboToronto]

Do the strings "stick" to the fingers like it happens with ukulele basses, or do they glide reasonably?

I never had a problem with sticking.

I've always used flat-wound strings. I hate the trebly "rotosound" of round-wound strings. I always played my strings until they broke and then replaced them with used strings from the off-rental bin whenever possible. If I had to use new ones I rubbed cigarette ashes and butter into them to improve the sound. I also stuffed foam under the bridge cover to reduce sustain. I wanted to sound like a bass and not like low-pitched guitar. If you want to be a treble player, get a sax, guitar, violin, etc. My bass heroes were Carole Kaye, James Jamerson, Duck Dunn. etc.

The thing I like about the GT's polymer rubber strings is that I don't need a flatpick. I can go up and down with my thumb as easily as with a pick and not have to worry about blisters.

[Phil_S]

Choo-choo?

[eddie13]

Can’t believe so many of you buy the CO2 theory nonsense..

Bitcoin is not for everyone..
It’s only for people who are smart enough to start using it, and then for the subset of those who are smart enough to not lose them in the myriad of different ways possible to lose your coins from just losing your keys to being scammed or leaving them in another’s custody to be scammed..
Not to mention those smart enough to figure out how to make some coin, or smart enough to have extra funds for investment to put into coin, and then smart enough to delay gratitude not to sell out..
If they were smart enough to take their time to understand it well enough to believe in it.. Smart enough to understand enough about it in the first place..

Crypto is not even close to “for everyone”..

Equal opportunity? Yes..
Equal outcome? Ha ha ha.. No..

It is not so much the c02 concept

Take a pleasant place say one of the Hawaiian Islands cut down everything and plant pineapples and nothing else.

What will happen? you will fuck that Island up.

If you do not think that is happening around the world as I type and that it is sunspot activity fine.

Then save the coil oil and gas for the next ice age and jack up the solar while the sunspots heat up.  

The if you are correct and an ice age comes in 30 years you have the coal ,oil ,gas saved up. Especially the coal as the miners can mine and stack it for the ice age.

So if co2 is real you win

and if sunspot followed by cool down is right you win

Never in earths history has the climate/temperature just stayed the same.. It’s most likely that earth is just doing it’s thing as usual and we are powerless to stop it or change it..

We should NOT worry about and absolutely not let the fucking governments do anything whatsoever because of it..

It’s just an authoritarians excuse to control more shit and shuffle more money into the hands of their friends, not to mention bother excuse to keep the little guy down by increasing the cost of our energy and making us spend tons of money on CO2 reduction bullshit (that gets funneled to their friends pockets)...

[JayJuanGee]

$TTTT9k


“Bitcoin. Will. Go. Higher. Than. You. Think.”


https://twitter.com/dennis_porter_/status/1444426345388265476?s=21

I will admit that this image presents a very interesting way of overviewing the at-issue values in front of us, and part of the calculation concern would be that value is being stored in asset classes that are very inefficient as storage of value and even inferior in terms of their storage of value attributes.  
Even if bitcoin were to such a decent amount of the value out of several of those other less efficient/inferior storage of value for the reasons already mentioned, most of them would likely still hold some value in terms of their utility value and/or still retain value because people might conclude (perhaps wrongly) that they are better storages of value than king daddy.  

So perhaps bitcoin's addressable market would be some kind of fraction of the total value of some of those other assets (or some fraction of all of them combined.. I am not sure what that would be, but it would neither be 100% nor zero.. and some portion of them.. including that it probably has already begun to absorb some of the value - even though small amounts since bitcoin still remains less than $1 trillion and also in the ballpark of .05% of the value of all of them combined ..

I created the below explanatory table as a means to perhaps help me to better attempt to illustrate the point that I am attempting to make through words.. and a table might be better to also allow others to tweak the numbers where they might find better ways of figuring out some estimations of the valuations matter.

Type                                 Current value($Trillions)     multiple of inefficiencies                  Value into BTC ($Trillions)
Derivatives                             $900.000                                 50%                                                  $450.000
Real Estate                             $220.000                                 60%                                                    $132.000
Stocks                                     $90.000                                 50%                                                    $45.000
Bonds                                     $130.000                                60%                                                    $78.000
currencies                              $120.000                                 90%                                                    $108.000
gold                                       $11.000                                 75%                                                    $8.250
silver                                     $1.200                                    75%                                                    $0.900
crypto                                     $1.000                                   50%                                                    $0.500

Total                                     $1,473.200                                                                                          $822.650



In essence, I am just attempting a quickie SOMA valuation of the inefficiencies, so feel free to tweak my valuations - including my multiples of what I had ballpark considered the inefficiencies to potentially be...

Even with my attempt at a ballpark figure, once all these valuation matters play themselves out and value ends up flowing into BTC (over the years to come based on those above approximations), we still end up getting bitcoin to be future valued around 822x of today's prices..

[cAPSLOCK]

So..  Seems to me, unless this is a head fake this solidly brings us into that next range (not marked on my screengrab) between what... 49-51.5?

And then it's probably not a terribly hard push back to the high 50s.

As usual... what I am seeing missing is any inspiring volume.  But it is also Sunday.  If the markets like this for another bull flag forming I think we see another push into tomorrow, and then range in that above area to paint the flag part...

[jojo69]

It’s just also an authoritarians excuse to control more shit and shuffle more money into the hands of their friends, not to mention bother excuse to keep the little guy down

[cygan]

the game is over - or is it?


https://twitter.com/inmortalcrypto/status/1444666982738038788

[ChartBuddy]

Explanation