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

[SKRAAA]

I regularly read this thread but today I wanted to share some news with you guys - see in second half of my post. But first, I want to introduce you to an indicator I discovered recently and I think it's greatly valuable.
I haven't really seen anyone here talking about Long Term Holder SOPR (Spent Output Profit Ratio) which is really useful on-chain indicator for predicting severe corrections before they happen. That's my contribution for today, I hope someone will find it useful.
It's available on Glassnode and CryptoQuant: https://cryptoquant.com/overview/btc-market-indicator/16442?window=day
When the ratio goes up (above 9 is considered warning), considerable amount of Bitcoin moved out from long term HODL wallets, meaning some whales are preparing to sell on exchanges and price correction is very likely.

And now the happy news from my life. I bought the dip yesterday, just hours after my little brother Miha was born. I decided to give some Bitcoin as a gift for Miha. And the date of the first transaction is his birthday which is really cool, right?
I wonder how much it's going to be worth in 10 or 20 years. Never too early to start investing
Here is his vanity address if you feel generous today and want to gift him a few sats: 3Miha3LSkHrtioPfgismPCQ6KfUa4wzPu1
I promise I will not touch this address. Ever. I will teach him all about Bitcoin when he's old enough.
Have a wonderful day WO gang!!

[Arriemoller]

I regularly read this thread but today I wanted to share some news with you guys - see in second half of my post. But first, I want to introduce you to an indicator I discovered recently and I think it's greatly valuable.
I haven't really seen anyone here talking about Long Term Holder SOPR (Spent Output Profit Ratio) which is really useful on-chain indicator for predicting severe corrections before they happen. That's my contribution for today, I hope someone will find it useful.
It's available on Glassnode and CryptoQuant: https://cryptoquant.com/overview/btc-market-indicator/16442?window=day
When the ratio goes up (above 9 is considered warning), considerable amount of Bitcoin moved out from long term HODL wallets, meaning some whales are preparing to sell on exchanges and price correction is very likely.

And now the happy news from my life. I bought the dip yesterday, just hours after my little brother Miha was born. I decided to give some Bitcoin as a gift for Miha. And the date of the first transaction is his birthday which is really cool, right?
I wonder how much it's going to be worth in 10 or 20 years. Never too early to start investing
Here is his vanity address if you feel generous today and want to gift him a few sats: 3Miha3LSkHrtioPfgismPCQ6KfUa4wzPu1
I promise I will not touch this address. Ever. I will teach him all about Bitcoin when he's old enough.
Have a wonderful day WO gang!!

Congratulations!

[ChartBuddy]

Explanation

[Arriemoller]

Thanks for that! The WO is already mentioned in some of the upcoming videos and there's a dedicated video upcoming about the Wall Observer thread. Anything special you guys want to see featured, something that we definitely shouldn't miss?

This is actually a nice one!
What are the most iconic WO moment?
I think I am quite new here, but I can think a few of those:

• The births of the hats
• @Mindtrust selling
• @BobLawblaw ragquit with epic post deletion
• @El duderino_ drunk dickpic
• SOON (TM) @Proudhon paying his bet to Fillippone

Merit shower to the one who’s able to link the above post!

What is your top-5?

El Duderinos contests.

The guess where I am/what this is games.

The Sunday haikus.

Edit. I put yours and my suggestions in the comments.

Hm, seems like he deleted my contribution in the you tube comments. The only contribution at that, not a good start.

[somac.]

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

Those poor souls are screwed and are going to experience what it was like to live in feudal societies as a serf. It's fucked up.

[d_eddie]

My question will be how much is 1 bitcoin worth?

Answer: 1 BTC = 1000kg Gold

Hm, this quotation is only accurate as long as they don't start mining asteroids for gold, of course.

[Cyrus]

Great ideas so far, thanks guys! Gotta do some research

Thanks for that! The WO is already mentioned in some of the upcoming videos and there's a dedicated video upcoming about the Wall Observer thread. Anything special you guys want to see featured, something that we definitely shouldn't miss?
Feel free to reply in the show's thread so we won't go too OT here. Thanks!

not sure where the rollarcoaster guy gif came from so maybe not WO but that meme sums btc up so appropriately it needs a shout out at the very least.

Yeah, there's a gif of the rollercoaster guy in the first episode already

Edit. I put yours and my suggestions in the comments.

Hm, seems like he deleted my contribution in the you tube comments. The only contribution at that, not a good start.

Weird. Didn't delete any comments, there's just one reply. In the notifications looks like there was another comment, but it doesn't show up.
Here's a thread about Youtube deleting comments containing links, including Bitcointalk references: https://bitcointalk.org/index.php?topic=5365512
We should test that out.

[El duderino_]

Thanks for that! The WO is already mentioned in some of the upcoming videos and there's a dedicated video upcoming about the Wall Observer thread. Anything special you guys want to see featured, something that we definitely shouldn't miss?

This is actually a nice one!
What are the most iconic WO moment?
I think I am quite new here, but I can think a few of those:

• The births of the hats
• @Mindtrust selling
• @BobLawblaw ragquit with epic post deletion
• @El duderino_ drunk dickpic
• SOON (TM) @Proudhon paying his bet to Fillippone

Merit shower to the one who’s able to link the above post!

What is your top-5?

*Goldkingcoiner epic miss click going long for 8x turn out in an 80x long….

Profitable too

*The switch where infofront became the new admin for the EPIC WO

[El duderino_]

Birth of the Hats was a special thing….

The start was with my RL bull and Bear Hats on a holiday, then I think Hairymaclairy posted something and xhomerx10 made him a bull hat of his own…..

These where awesome times at the WALL

[Arriemoller]

Great ideas so far, thanks guys! Gotta do some research

Thanks for that! The WO is already mentioned in some of the upcoming videos and there's a dedicated video upcoming about the Wall Observer thread. Anything special you guys want to see featured, something that we definitely shouldn't miss?
Feel free to reply in the show's thread so we won't go too OT here. Thanks!

not sure where the rollarcoaster guy gif came from so maybe not WO but that meme sums btc up so appropriately it needs a shout out at the very least.

Yeah, there's a gif of the rollercoaster guy in the first episode already

Edit. I put yours and my suggestions in the comments.

Hm, seems like he deleted my contribution in the you tube comments. The only contribution at that, not a good start.

Weird. Didn't delete any comments, there's just one reply. In the notifications looks like there was another comment, but it doesn't show up.
Here's a thread about Youtube deleting comments containing links, including Bitcointalk references: https://bitcointalk.org/index.php?topic=5365512
We should test that out.

I see, maybe you should use Bitchute or some similar platform instead, it's gonna be hard to run a bitcointalk channel on a platform that deletes everything bitcointalk.

[Arriemoller]

I should add that my post had no link in it, it was basically just a copy/paste of my and fillippones suggestions.

[Arriemoller]

Maybe I should also add that I have posted many links to shapeways and Thingiverse in other videos (not bitcoin related) that has not been deleted, however, a link to battery acid on Amazon.se was deleted (on a video about restoring car batteries). Weird indeed.

[Torque]

https://twitter.com/LordFusitua/status/1453009566740983816

I hope for their sake that somehow adopting bitcoin helps them to solve their obesity problem.

They need to stop eating all that imported crap canned food and soda, and go back to a clean, natural diet again.

[Arriemoller]

Price going up yo.

[ChartBuddy]

Explanation

[Arriemoller]

I should add that my post had no link in it, it was basically just a copy/paste of my and fillippones suggestions.

I just deleted my other comment, it didn't add anything and I also used my real name in it, just so you don't think You tube did that too.

[Torque]

Bitcoin, housing and parts of tech are in a dangerous bubble, all-star investor Rich Bernstein warns
https://www.cnbc.com/2021/10/28/bitcoin-housing-and-parts-of-tech-to-crash-investor-rich-bernstein-.html

The MSM is back to their ol' "stay away from bitcoin" PSA warnings again.

Bullish.

[cAPSLOCK]

https://twitter.com/100trillionUSD/status/1453006360568811531?s=20

As you can see, GOLD Valuation barely moved during last 10 years.. purple dots are almost impossible to distinguish from each other.
While BTC is catching up.

So eventually Bitcoin has zero flow, at least of NEW stock.  And here's the interesting bit (to me) with a constrained block (Even if it is 1000x bigger than it is today) we have a limit on the amount of fees that can be charged.

So many things I want to write but my brain is not working well enough to lay it out sensibly.  But the things we are looking at are:

1.  Eventually everything is priced in Bitcoin, and 21MM units represents the value of everything on earth.
2.  Even considering fees as the continued flow after the subsidy is under a certain point, and even considering consensus allows some large block size increases eventually...

The world has never seen what we are talking about here...  

Good grief I hope I can live long enough to really see this pop... lol...  
  
We have no idea.

[cAPSLOCK]

So I grabbed six small pieces back.

Will buy more dip if it comes.

When I buy dip is is always buy and hodl it.
 I have three accounts for that.

I always hodl and have never sold any BTC from those accounts .

Those 3 accounts are BTC buy dip and hodl only.

My exit plan on them is sell at 70 years old.

until then buy dips and hodl.

Next dip level to buy is 55555.55

I think you will change your mind on that bold part.  What will you be selling them for?  How many "things" will you need?  Unless you are in your late 60s now and 70 is only a couple years away, I do not think THAT part of your plan makes a lot of sense.

[Dabs]

So I grabbed six small pieces back.

Will buy more dip if it comes.

When I buy dip is is always buy and hodl it.
 I have three accounts for that.

I always hodl and have never sold any BTC from those accounts .

Those 3 accounts are BTC buy dip and hodl only.

My exit plan on them is sell at 70 years old.

until then buy dips and hodl.

Next dip level to buy is 55555.55

I think you will change your mind on that bold part.  What will you be selling them for?  How many "things" will you need?  Unless you are in your late 60s now and 70 is only a couple years away, I do not think THAT part of your plan makes a lot of sense.

That's probably about 5 or 6 years from now for him. Which is good enough to live off on even if its all fiat by then, or maybe he can just cash out once a year as needed.