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

[ChartBuddy]

Explanation

[Richy_T]

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

See, there's this thing about creating models which fit past data...

[Richy_T]

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

The authoritarian instincts of these people are exactly why they must be opposed. I'm sure he thinks he's some kind of rebel but he's craven to the establishment.

[ChartBuddy]

Explanation

[Richy_T]

Island ?

Islands are old school. Gotta be THE MOON.

[JayJuanGee]

60k this weekend?

peeee

pare

ur


copters.

 

60k this weekend?

Please bring the choppa

Dude.. beat me.

[cAPSLOCK]

Bitcoin breaks the game.  That threatens their systems.  NOT their riches.  The path to maintaining their wealth in a world in which Bitcoin becomes important is elementary for people who HEDGE for a living. Lol.

So they do not want their systems broken which have allowed them to profit on the backs of the rest of us.  

Bitcoin only breaks the game for one main reason, and one reason ONLY: 90+% of bitcoin is not owned and controlled by these people. That's why they hate it.

If it were, we'd all be in the same boat as the Precious Metal investors....frustrated as hell rn.

While I do believe you have pinpointed the primary reason, Bitcoin also has other properties that stop it from being like gold in that regard.

Gold's weaknesses allow an exploitable attack surface that they have learned to use.

How do you "hold" 100 kg of gold.  It requires trusted third parties.  This means gold certificates, notes, etc.  And we know where all that ends up.

Where IS most of the gold anyway?

[ChartBuddy]

Explanation

[Wekkel]

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?

Let’s invent a programming language that instead of encapsulating, makes everything’s accessible everywhere by default.

And then run money on it.

Absolute Bonkers.

It’s like inventing a car with safety belts making the click sound but without locking or doors that do not lock tight after closing. What could go wrong?

There are people in a better position to argue about software hacks or scams.

[cygan]

gm wo folks!
it's time to have breakfast with the kids and give them the BTC code right away

[ChartBuddy]

Explanation

[AlcoHoDL]

I will receive hell for this, but...

I read Bob's comments about his Lightning Node, and I wonder...

Is a Lightning Node a Black Hole for corn?  

Sheeeeeit!

Remember, these are dee InterToobz, and this was meant as a semi-joke, but to also raise an ant-flag about LN's efficiency.

[ChartBuddy]

Explanation

[Cryptotourist]

There are people in a better position to argue about software hacks or scams.

I got involved in two cases this week alone, basically from friends of friends whom's - the lack of knowledge combined with stupidity - led them to lose their funds.

1) Used his phone to create an account - without enabling 2FA - then bought BTC.
He then logged on to his account from his WINDOWS 7 laptop, only to get hacked and have his funds stolen within the hour.
(if he had pressed on the email link, he would probably have been saved)

Hear that Arrie? Windows fucking seven.

2) Invested funds that went X10 the last 10 months - in an “investment firm” somewhere in the UK.
Now the bitch that has been talking to him 3-4 times a day for the last year (and is very polite as I’ve been told), wants him to add more funds (1/10) so that he can withdraw his profits.
Absolutely a scam from end-to-end.

3) Another friend called me and told me that he finally decided to invest:
- Oh great, where?
- Binance.
- Ouch, did you buy BTC?
- No, I bought shitcoin1, shitcoin2, shitcoin3 and shitcoin4.
- For crying out loud!


I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.

[AlcoHoDL]

[...]

I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.

Sad, but true. I've had friends that were phished, and funds (fiat -- they are nocoiners) stolen from their CCs and PayPal accounts. Some of my coiner friends have listened to me and always keep their coins offline. Others keep them in exchanges "for easy access when trading."

Problem is, noobs tend to assume everything in their Inbox is true and genuine. "But it was an email! To me! It had my name on it!" they scream, as if this somehow makes it genuine.

Especially when it comes to Bitcoin, things are brutal. Coins lost can't be recovered. No customer service number to call. No one to sort things out for you. This is something most people still can't comprehend. That's one of the reasons why the majority still prefers banks, rather that being their own bank. Being your own bank is tough shit.

[ChartBuddy]

Explanation

[fillippone]

. Being your own bank is tough shit.

Once again the Digital gold is like the physical gold.
I have a few grams of gold on my body, I could be forced to give them to someone against my will, but it’s a bearable risk.
I have a few more grams in my house, hidden on a safebox hidden somewhere.
I also own a few gold pounds. Those are in a safe box at the bank. Protected with a meter-thick 5 layers safebox all surrounded by water.

I can’t understand how this approach isn’t followed for common people and ppl tend to store huge money on a mobile phone, or in a random wallet on their computers.
There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

[Arriemoller]

There are people in a better position to argue about software hacks or scams.

I got involved in two cases this week alone, basically from friends of friends whom's - the lack of knowledge combined with stupidity - led them to lose their funds.

1) Used his phone to create an account - without enabling 2FA - then bought BTC.
He then logged on to his account from his WINDOWS 7 laptop, only to get hacked and have his funds stolen within the hour.
(if he had pressed on the email link, he would probably have been saved)

Hear that Arrie? Windows fucking seven.

2) Invested funds that went X10 the last 10 months - in an “investment firm” somewhere in the UK.
Now the bitch that has been talking to him 3-4 times a day for the last year (and is very polite as I’ve been told), wants him to add more funds (1/10) so that he can withdraw his profits.
Absolutely a scam from end-to-end.

3) Another friend called me and told me that he finally decided to invest:
- Oh great, where?
- Binance.
- Ouch, did you buy BTC?
- No, I bought shitcoin1, shitcoin2, shitcoin3 and shitcoin4.
- For crying out loud!


I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.

I haven't had any btc on my computer since 2014. My Binance account has 2FA and the rest is stored in non custodial addresses/wallets thank you very much.
I still trust a version of windows where I myself decide what, when and if I downlod a "upgrade" over a version with forced "upgrades".

[Arriemoller]

. Being your own bank is tough shit.

Once again the Digital gold is like the physical gold.
I have a few grams of gold on my body, I could be forced to give them to someone against my will, but it’s a bearable risk.
I have a few more grams in my house, hidden on a safebox hidden somewhere.
I also own a few gold pounds. Those are in a safe box at the bank. Protected with a meter-thick 5 layers safebox all surrounded by water.

I can’t understand how this approach isn’t followed for common people and ppl tend to store huge money on a mobile phone, or in a random wallet on their computers.
There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

That's the important point here, People in general don't want to, and some can't, do all the hard work that is involved in being your own bank, that's one of the reasons we have banks in the first place.
That's also the reason banks won't go away, they will simply do with peoples btc what they are now doing with peoples cash. There will be some more years of resistance of course, especially in western countries with well functioning fiat currencies, but it's just a matter of time.

And that is also a future attack vector for governments. They can outlaw being your own bank and force everybody to route their btc through the legacy system and thus get the same amount of control of your btc that they now have of your cash.

Edited.

[ChartBuddy]

Explanation