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

[Arriemoller]

Format is too small
Also bought fabric cleaner
No fit in haiku

[Arriemoller]

Biltema dinner
Meatballs with mashed potatoes
And rust remover

How were the horse meatballs?

Delicious.

[ChartBuddy]

Explanation

[BitcoinBunny]

HORSE meatballs? Or Horse balls?

When I get the Stena Line (Swedish company) ferry to The Netherlands I always have meatballs with mash too. Pretty decent.
Hope they are not horse, but I guess it wouldn't matter too much.

Also, the Ikea frozen meat balls are excellent value. Big bags full of balls.
£6 for 1 kilo is a steal.
or 0.00017 BTC / kilo.

Just trying to calculate how many Ikea Swedish meatballs in tonnes I could buy with my stash. It's a lot.
 

In fact, if BTC were to ONLY keep up with fiat inflation from here on out and you lived of 1/3 packet Ikea Swedish meatballs per day (about 780 meat calorie intake per day, the rest can be potatoes and some veg)
You can pretty much fund 56 years worth of your personal meat intake if you already hodl 1 BTC.

Not sure why I calculated that, but I thought it was interesting. 

[Torque]

Enlighten me: why has the gold price been dropping in the past year?

(image source)

From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position?

With the big bullion banks owning 90+% of all the gold, with thousands of naked contracts they can basically set the price wherever they want.

The price in fact did go up, with insider knowledge the banks already front ran the price up from 2016-2019. They already knew what was coming in 2020.

The problem is that Average Joe is 100% reactionary, and won't start buying PMs until an actual crisis happens. The insiders know this as well. That's why during 2020, physical inventory disappeared and premiums went to the moon: to screw over Average Joe.

And now the price slides, screwing over all the Average Joes that bought gold at the top and with high premiums once again.

Advices: Don't be like Average Joe.

"The time to buy an asset is not when everyone wants it, but when no one wants it."

[Arriemoller]

HORSE meatballs? Or Horse balls?

When I get the Stena Line (Swedish company) ferry to The Netherlands I always have meatballs with mash too. Pretty decent.
Hope they are not horse, but I guess it wouldn't matter too much.

Also, the Ikea frozen meat balls are excellent value. Big bags full of balls.
£6 for 1 kilo is a steal.
or 0.00017 BTC / kilo.

Just trying to calculate how many Ikea Swedish meatballs in tonnes I could buy with my stash. It's a lot.
 

In fact, if BTC were to ONLY keep up with fiat inflation from here on out and you lived of 1/3 packet Ikea Swedish meatballs per day (about 780 meat calorie intake per day, the rest can be potatoes and some veg)
You can pretty much fund 56 years worth of your personal meat intake if you already hodl 1 BTC.

Not sure why I calculated that, but I thought it was interesting. 

As far as I know there is no horse in it. But horse meat is not uncommon in Europe, I personally like it.
https://en.wikipedia.org/wiki/Horse_meat#Sweden

[Torque]

https://www.cnbc.com/2021/10/09/war-to-attract-bitcoin-miners-pits-texas-against-new-york-kentucky.html

An actual useful and informative article on U.S. bitcoin mining from the MSM. Color me shocked.

[BitcoinBunny]

HORSE meatballs? Or Horse balls?

When I get the Stena Line (Swedish company) ferry to The Netherlands I always have meatballs with mash too. Pretty decent.
Hope they are not horse, but I guess it wouldn't matter too much.

Also, the Ikea frozen meat balls are excellent value. Big bags full of balls.
£6 for 1 kilo is a steal.
or 0.00017 BTC / kilo.

Just trying to calculate how many Ikea Swedish meatballs in tonnes I could buy with my stash. It's a lot.
 

In fact, if BTC were to ONLY keep up with fiat inflation from here on out and you lived of 1/3 packet Ikea Swedish meatballs per day (about 780 meat calorie intake per day, the rest can be potatoes and some veg)
You can pretty much fund 56 years worth of your personal meat intake if you already hodl 1 BTC.

Not sure why I calculated that, but I thought it was interesting.  

As far as I know there is no horse in it. But horse meat is not uncommon in Europe, I personally like it.
https://en.wikipedia.org/wiki/Horse_meat#Sweden

Don't think I have consciously ever eaten horse meat but it found its way in some products in the UK (and elsewhere probably) and there was a big outcry about that as it wasn't labeled as such. Probably why there are still many jokes about.
I believe people resorted to consuming horse meat in Europe partly due to the lack of other meats during WWII.
That's what I heard anyway.
In the UK it's mostly seen as taboo and weird.

[Torque]

Biltema dinner
Meatballs with mashed potatoes
And rust remover




My belated Sunday haiku.

Poor Arriemoller
Phone no have focus function
View through fogged glasses 

[philipma1957]

Enlighten me: why has the gold price been dropping in the past year?

(image source)

From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position?

The Fud on gold is fear of Asteroid mining.

Long term gold will be 10x to 100 more accessible than it is now.

Why else is Musk Bezos and Branson in space?

[ChartBuddy]

Explanation

[hisslyness]

Enlighten me: why has the gold price been dropping in the past year?

(image source)

From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position?

With the big bullion banks owning 90+% of all the gold, with thousands of naked contracts they can basically set the price wherever they want.

The price in fact did go up, with insider knowledge the banks already front ran the price up from 2016-2019. They already knew what was coming in 2020.

The problem is that Average Joe is 100% reactionary, and won't start buying PMs until an actual crisis happens. The insiders know this as well. That's why during 2020, physical inventory disappeared and premiums went to the moon: to screw over Average Joe.

And now the price slides, screwing over all the Average Joes that bought gold at the top and with high premiums once again.

Advices: Don't be like Average Joe.

"The time to buy an asset is not when everyone wants it, but when no one wants it."

From the chart it looks attractive.

You are in the wrong market if you are only into for 1yr. Investing is along term strategy not a  get rich quick scheme. Worry about the price tomorrow when you are not selling will drive you mad!

[hisslyness]

Enlighten me: why has the gold price been dropping in the past year?

(image source)

From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position?

The Fud on gold is fear of Asteroid mining.

Long term gold will be 10x to 100 more accessible than it is now.

Why else is Musk Bezos and Branson in space?

I don't believe that is true, Musk and Bezos going to space to open a gold mine. Space mining for Rare Earth Metals and Minerials, will mean it is no longer rare and no longer valuable. I can see mining Rare Space Metals/Mineral (what every that would be, or could be... i think the periodic table has most elements discovered)

Nevertheless, i don't see space mining as a threat as the investment needed will never be recoup.

EDIT: Yes, there is massive amounts of GOLD in space... MASSIVE!!...

[hisslyness]

Biltema dinner
Meatballs with mashed potatoes
And rust remover




My belated Sunday haiku.

Poor Arriemoller
Phone no have focus function
View through fogged glasses 

Arriemoller, what flat pack did you buy, while there?

[hisslyness]

Ok, so, retard Lightning Network question.

Some of the new routes I established yesterday are starting to see activity, after viewing the logs.

Is my understanding correct of the "Fee (mSats)" - that number is the profit I'm making on routing that transaction, or is that being completely misunderstood?

yes that is right... It is combination of your flat fee rate and rate per 1m/Sats

EDIT: mSATS

Using your first routing line

bfx-lnd1 sent you 142,198SAT using the channel between bfx-lnd1 and You (Bob)
and
Bob sent 142,149SAT to LOOP using the channel between LOOP and You (Bob)

there for you have keep 49,752mSATS extra on the bfx-lnd1 channel.

One thing to note, do not waste your time adding the amount in your channels to determine if you balance out. The one thing you don't see if the amount that has been reserved per channel. Approx 3,500SATS

[cAPSLOCK]

Ted Cruz is making sense around Bitcoin mining, he's batting 100 in my book so far on btc

https://twitter.com/nic__carter/status/1447264180260818954



... utilise stranded gas resources that would be wasted, flared

... act as "excess reserves" to harden and strengthen grid resilience

... unlock stranded renewables on the frontier (for other data center ops or eventual connection to grid - my addition)

I don't know if he remembers, but in 2017-ish I told my only normie friend that tolerates my bitcoin talk about how bitcoin would revolutionize the energy sector.  He looked kind of cross eyed at me at the time.  I wonder if he remembers now that we are on the cusp of that.

More recently I realized there were areas of the world with significant populations but little power, but that are near abundant clean energy sources like large rivers.  But there is no financial incentive to build hydroelectric there because of the relative poverty of the human demand.

Viola.

Build the dam.  Use 80% to mine Bitcoin. Send 20% to the villages.  The villages begin to flourish.  Shift the power over as the people begin to out-compete the miners for the energy.

It's beautiful really... 

 

[aysg76]

Who can find the exact location of this beauty

Cheers

This wall:



Is this exact enough?

It's far more than enough as this is the exact wall which was asked to name?

But how did you find it each time ? With the gps coordinates of the image because once i tried with it but was not successful.But it's your little magic tricks and this is amazing

[Arriemoller]

Biltema dinner
Meatballs with mashed potatoes
And rust remover




My belated Sunday haiku.

Poor Arriemoller
Phone no have focus function
View through fogged glasses 

Arriemoller, what flat pack did you buy, while there?

Not sure I understand, it's not IKEA, it's a car parts (and many other things) shop.
https://www.biltema.se/en-se/

[cAPSLOCK]

Ok, so, retard Lightning Network question.

Some of the new routes I established yesterday are starting to see activity, after viewing the logs.

Is my understanding correct of the "Fee (mSats)" - that number is the profit I'm making on routing that transaction, or is that being completely misunderstood?

I am sure someone already answered this.  But yes that is exactly correct.

Now... there are two fees.  A BASE fee and percentage fee.  My own philosophy is to make the base fees be the bar for how small a payment you are willing to route (on certain nodes I charge ZERO base fees. Podcastindex.org for example for which I route tons of teeny payments (sub 20 sat)), and the percentage fee how much you want to skim off the size of the transaction.  There are some interesting arguments for weighting fees entirely in the percentage direction for the sake of pathfinding for smaller (coffee size) payments.  If someone is buying coffee and has to make 6 ten cent hops then they might as well use the base layer.

[Syke]

Don't think I have consciously ever eaten horse meat but it found its way in some products in the UK (and elsewhere probably) and there was a big outcry about that as it wasn't labeled as such. Probably why there are still many jokes about.

There's a little jab about it in Valhalleluja. If they didn't have captions you might miss it. https://www.youtube.com/watch?v=S9WWz95ripA