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

[Paashaas]

https://twitter.com/TechDev_52/status/1446469374936768515

[Poker Player]

Many WO merits for this.

... they missed the designer Ray Bands and apple earpods accessories, hugely profitable items

I would add that the other tool he uses to smash capitalism is the $1K Iphone, which although it can't be seen properly, he is holding it with his hands behind the screen.

I know a few like that myself.

[marcus_of_augustus]

https://m.youtube.com/watch?v=kknVfOJZ1w0

... bitcoin Tyson takes on the fiat pretenders

[BobLawblaw]

https://insights.glassnode.com/follow-the-smart-money/
A Study of Long-Term Holders
A deep dive analysis into the market psychology and fractals associated with Bitcoin Long-Term Holders.

Saw this noted earlier on Twitter. Great catch posting it here!

[JimboToronto]

A little humor:

https://futurism.com/creator-dogecoin-cryptocurrencies-horrible

I don't know if this has already been posted here but it caught my eye and made me laugh.

...I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity...

...The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like ‘get rich quick’ funnel designed to extract new money from the financially desperate and naive...

...Cryptocurrency is like taking the worst parts of today’s capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person...

...This is the type of dangerous ‘free for all’ capitalism cryptocurrency was unfortunately architected to facilitate since its inception...

Gotta love that "dangerous free-for-all capitalism". 

[ChartBuddy]

Explanation

[marcus_of_augustus]

A little humor:

https://futurism.com/creator-dogecoin-cryptocurrencies-horrible

I don't know if this has already been posted here but it caught my eye and made me laugh.

...I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity...

...The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like ‘get rich quick’ funnel designed to extract new money from the financially desperate and naive...

...Cryptocurrency is like taking the worst parts of today’s capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person...

...This is the type of dangerous ‘free for all’ capitalism cryptocurrency was unfortunately architected to facilitate since its inception...

Gotta love that "dangerous free-for-all capitalism". 

.... bitcoin harnesses basic human instincts like greed and self-preservation to incentivise actions that secure and efficiently allocate finite resources

... call it whatever ism you like

... when the radical statist left and hedge-fund managers are equally hating on it, you know it's got to be on target

...

[BobLawblaw]

Just loaded another coin onto my Umbrel node, to build out the "Official WO Router" (ABSOLUTE SARCASM) on TOR. Looking to establish some more routes.

It's fucking surreal if you stop and do the math, and I'm casually mentioning shit to Rick and other friends like "Yeah, sorta playing with over $200k USD liquidity on this retarded Bitcoin Lightning network thing. Doing all the math and accounting of routing logs, I should theoretically be in a profit position, but due to quantum state of channels... fuck my ass" kinda situation develops, and spirals out into wanton degeneracy, but that's another story...

Point is, overall, I appear to technically be in a profit situation, just routing the last few payments, that should have theoretically paid for ALL MY CHANNEL OPEN COSTS, but again, owing to quantum state of channels, cannot properly do accounting until I close channels, so...

Very frustrating.

Anyway, had a great week with Rick - First great week we've had together since recovering from COVID19, and him retiring. Getting used to this whole retirement thing together is very nice. Weekends have effectively ceased to have any day-to-day meaning to us now, as we're starting to go out and do things every day now, so... Life is good kinda deal.

Prepping to have friends over for a party tomorrow afternoon, to celebrate Rick's retirement.

Have a great one, friends.

[xhomerx10]

Many WO merits for this.

 Aw man!  You cut off the Doc Martens.  She's plans on stomping it out.

[savetherainforest]

I do believe more as 90% will have to experience the HARD way

I did sold a few billion of my shib to take some profits. I don't know what you have against meme coins. At least those 3 in the meme u shared.    .... Doge has a limited-ish supply. (I mean, there is great incentive to mine and the quantity mined is less than the current global yearly inflation.) // Shib is in limited supply and it is a sh!tshow since around 405 trillion got burned by Vitalik and around 500 got locked, and there are only 95 trillion of them around. And Safemoon will be a very useful tool if it gets developed to what it is promised to be. (Basically hype can be countered with processing power to not make things crash by the sheeple that flock in droves towards what is currently hyping.)   


DYOR...      

[ChartBuddy]

Explanation

[JimboToronto]

Anyway, had a great week with Rick - First great week we've had together since recovering from COVID19, and him retiring. Getting used to this whole retirement thing together is very nice. Weekends have effectively ceased to have any day-to-day meaning to us now, as we're starting to go out and do things every day now, so... Life is good kinda deal.

Prepping to have friends over for a party tomorrow afternoon, to celebrate Rick's retirement.

Life is good.

Have a great one, friends.

Congrats. Life is indeed good. Enjoy your double emancipation.

Weekends? The big thing about weekends is that more of your friends are available.

I also means fewer places are open. After a while you start hating Fridays and loving Mondays.

[El duderino_]

[AlcoHoDL]

What is this? A room for ants?

Look at the size of those books!

[Paashaas]

[Phil_S]

“Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000.”

What if we count those too who didn’t disclose? That’s would be fun 🤩

https://www.cnbc.com/amp/2021/10/07/senator-cynthia-lummis-discloses-a-bitcoin-purchase-worth-up-to-100000.html

Saudi princes probably own a fuck ton. They wouldn't want the king to confiscate their shit.

[Torque]

A little humor:

https://futurism.com/creator-dogecoin-cryptocurrencies-horrible

I don't know if this has already been posted here but it caught my eye and made me laugh.

...Cryptocurrency is like taking the worst parts of today’s capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person...

The irony is that Bitcoin is likely gain all of those "interventions" he mentioned through more future regulation (e.g. the taxation part is already there, the rest of the oversight will become the same as the stonk market...so basically none).

If and when it does, does that mean he will suddenly be a proponent of Bitcoin again? Lol

That fkn guy has no clue of the deep corruption of the capital markets. The supposed "interventions" to protect the people are complete bullshit.

[El duderino_]

What is this? A room for ants?

Look at the size of those books!

Midgets do live ….

[ChartBuddy]

Explanation

[JimboToronto]

More humor:

https://finance.yahoo.com/news/vitalik-buterin-calls-mandatory-bitcoin-184654330.html

...tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him...

LOL

OMG its those "Bitcoin maximalists" recklessly exposing innocent people to being hacked and scammed.

Good thing they didn't make your little scamcoin official too, eh Vitalik? Sour grapes?