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

[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

[El duderino_]

[JayJuanGee]

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.

Your idea is fine, but your maths and science suck. #justsaying

Might need to go to proudhon maths and sciences school

If it currently costs more than 2k satoshis to get a dollar, then it is going to cost a wee bit less than 1k satoshis at $100k, and 100 satoshis at $1million.  In other words, we need to get to around $100million per BTC for a satoshi to be worth $1 and 100x that for a satoshi to be worth a penny, so around $10billion per BTC we will have satoshis equal to a penny-ish.

Am I wrong in my maths and sciences?  or do we get to a dollar per satoshi when we get to $100k.. a mere doubling causes a 2,000x increase in price?

[cAPSLOCK]

the game is over - or is it?


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

Usually that trick does not work on me.. But this time I was like.. Wait a minute, no, wait.  That does not make sen... oh I get it.

[cAPSLOCK]

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.

Your idea is fine, but your maths and science suck. #justsaying

Might need to go to proudhon maths and sciences school

If it currently costs more than 2k satoshis to get a dollar, then it is going to cost a wee bit less than 1k satoshis at $100k, and 100 satoshis at $1million.  In other words, we need to get to around $100million per BTC for a satoshi to be worth $1 and 100x that for a satoshi to be worth a penny, so around $10billion per BTC we will have satoshis equal to a penny-ish.

Am I wrong in my maths and sciences?  or do we get to a dollar per satoshi when we get to $100k.. a mere doubling causes a 2,000x increase in price?

You math is on but your eyeballs are off.  He tricked me too.

I've started to think of satoshis in terms of being .1 cents

That is, at 100k sats are a tenth of a cent. Or $0.001

[eddie13]

It’s amazing gaining and losing quantities of money/value day to day that many would kill for and almost all would shit their pants over..

“I made $10k today, oops I lost $10k today, nice I made $20k today, shit I lost $50k in the last 2 days..”
Sleep like a baby..

Most people would be having heart attacks..
Does this desensitize us to risk? Desensitize us to moderate amounts of money?

Shit, in any given year a Bitcoin holder could be up and down so much that they easily gain $1,000,000 a year and loose $800,000 a year if you count all the swings..

It’s crazy really..
I love it!!

[eddie13]

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.

Your idea is fine, but your maths and science suck. #justsaying

Might need to go to proudhon maths and sciences school

If it currently costs more than 2k satoshis to get a dollar, then it is going to cost a wee bit less than 1k satoshis at $100k, and 100 satoshis at $1million.  In other words, we need to get to around $100million per BTC for a satoshi to be worth $1 and 100x that for a satoshi to be worth a penny, so around $10billion per BTC we will have satoshis equal to a penny-ish.

Am I wrong in my maths and sciences?  or do we get to a dollar per satoshi when we get to $100k.. a mere doubling causes a 2,000x increase in price?

You math is on but your eyeballs are off.  He tricked me too.

I've started to think of satoshis in terms of being .1 cents

That is, at 100k sats are a tenth of a cent.

Uh, guys..

Triple zero-10k
.000 10000
.00000000

For one Satoshi to equal 1 penny then 100 satoshis would equal 1 dollar..

0.00000100=$1 then 1.00000000 = ??

(1X1)/0.000001=$1,000,000

How convenient..
@ the Bitcoin price of $1,000,000 ($1mm / $1million), 1 Satoshi = 1/100$ or 1 cent..

Million bucks = satoshis are pennies..

[JayJuanGee]

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

[edited out]

Ok, I’m happy now!!
Bullish!!

oh gawd!!!

 

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

There seems to be resistance in the $55k price territory...

And I am all with you about wanting to get above $55k - but I question whether we can just shoot straight up to there and then shoot above there.

In other words, I can see shooting straight up to $55k or some area just below $55k.. so that would constitute around a $6k candle from here.. but I have some troubles with the idea of shooting straight above $55k.. at least from here and at this time.... even though I also appreciate that anything is possible in bitcoinlandia and I also appreciate that sometimes surprises happen (on purpose)....

[fillippone]

Relevant meme:

https://twitter.com/naiiveclub/status/1442497846368882691?s=21

[Biodom]

All of "them" will come to this space, and mostly bitcoin:

https://www.youtube.com/watch?v=Mj-8tkX838k

There is no other way for them now..Pandora papers are out.