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

[GbitG]

$69,000 in one hour 

Not in one hour but before my wedding anniversary which coming on 13 November 

[1714839223]

1714839223

[1714839223]

1714839223

[ChartBuddy]

Explanation

[BobLawblaw]

EDIT: Loaded up another BTC onto the node. Going to see if I can't figure out how to manage a LOOP channel, optimally.
I don't like not being able to understand something. Gonna try to fully get a better understanding of the LOOP mechanics...

10 hours later, still waiting for the transaction to clear at the lowest fee. Robust fee activity on the network today. Nice to see.

FractalEncrypt on Twitter posted this update from the CSW trial today.

https://twitter.com/FractalEncrypt/status/1458198707128750086

"Faketoshi trial day 7 notes...

Faketoshi fake cries on the stand for the jury "I was a horrible fucking husband and put my invention ahead of my marriage"

Fakest cry you ever heard...

"I was kicked off Twitter personally by @jack"

"I have more money than Rawanda."
Rolling on the floor laughing Rolling on the floor laughingRolling on the floor laughing

"The ATO forged emails, documents, & interviews in an attempt to get me."

"I started mining testnet Bitcoin in Oct-Nov 2012 with Dave on the supercomputer."

This email you sent to Benjamin Wright on 1/28/2014 (P112), you say you started mining with Dave in 2009 tho?
"Not me" Rolling on the floor laughing

Heading home, got a few hours drive...will try to post more tomorrow. Ran 2 pens completely dry today taking notes, had to emergency borrow one, ran that empty too!!!

[ChartBuddy]

Explanation

[HI-TEC99]

"Faketoshi trial day 7 notes...

Has any court ever asked him how he managed to "sign" a message for Gavin from the fourth block's address, but now says he doesn't have the key as it's "held" by a bonded courier?

[JayJuanGee]

Yes, as long as i only sell the portion of my stash that was bought no less than one year before the actual law will be put in effect (2022/03/01)
...which is the majority. JJG posted several times about the importance of perfectly timing the top and bottom, which you just can't as a human being, unless you are savetherainforest  

It seems worth an elaboration attempt here... and I will point out that I appreciate the honorable mention of Save the RF... hahahahahahaha

Of course, you know your situation better than anyone OOM, so of course, you have to decide the extent to which it might be beneficial to be jumping through hoops with your stash based on potential tax savings or adjustments, and sometimes, I have considered that it is largely not worth moving coins around even if there might be some tax benefits by doing x, y or z.. ...

And, surely sometimes there can be a whole hell of a lot of accounting madness in trying to figure out what might be the advantages and disadvantages of certain kinds of behaviors, whether we are considering the magnitude of price changes versus the magnitude about how one tax or another might add into your accounting.

Consider the case of Raja_MBZ.  For sure, he had been considering that he had something like a sure deal when he sold his whole stack of BTC (even if it might have been less than 0.21 BTC) at $55k, and his bet was that BTC prices must be in an exponential period and going to correct down to 200-week moving average because BTC prices had corrected down to the 200-week moving average several times earlier in its life, so in mid-May 2021, around the time that Raja_MBZ sold his BTC, the 200-week moving average would have been around $12k, so he was actually waiting for BTC prices to drop back down to reach that price - or alternatively, if he waits out the dip/bear season long enough then sooner or later that BTC price is going to meet the 200-week moving average.  Currently the 200-week moving average is a bit above $17k. and moving up several hundred hours each week.

See one of his posts on the topic, here... of course, you can browse through some of his post history too to find some related posts.

Likely his mistake was not using the 200-week moving average as a potential maximum price dips guide, but failure refusal to accept that we may well might not be in a bear market, and he could end up having to wait 3 years for spot price to meet the 200-week moving average which would likely cause a lot of opportunity costs, including a decent amount of likelihood that the 200-week moving average is going to go above his sales price before spot price meets the 200-week moving average.... one way of messing up a potentially decent trade to buy back in after a 56% price drop, even if you might not end up maximizing your selling at the top nor buying at the bottom.

How are BTC related matters feeling now, Raja_MBZ?  

Still expecting a correction down to the 200-week moving average within the next year?  

I would surely not be betting on the BTC price being below $55k at the next time that BTC prices meet that 200-week moving average, even assuming that there might be some day that the BTC price does again meet the 200-week moving average.

Personally, I do consider the 200-week moving average (prefer to use 208-week moving average) as a great way to measure the most extremes of BTC price bottoms that we are likely to get from time to time, but it seems way too greedy of a metric to attempt to trade upon especially if there are other ways to spot bargain BTC prices, even if we might not be spotting the lowest that BTC prices are likely to be going.

[savetherainforest]

Yes, as long as i only sell the portion of my stash that was bought no less than one year before the actual law will be put in effect (2022/03/01)
...which is the majority. JJG posted several times about the importance of perfectly timing the top and bottom, which you just can't as a human being, unless you are savetherainforest  

The bottom it is easy to see. You just see a lot of people in pain, low volume, low activity and lots of desperation because things are just not moving.

The top, always feels like some kind of illusion f^ckery nonsense that you know-and-don't-know it's there and it feels an outrageous sense of calm & floating and disbelief of the difference between the reality of the 'club' u'r in and the poor clueless people that are so poor that you want to ignore cuz they feel too far away from you, and you just can't reach them no matter how hard you can try...
...and you can only just be God to them and nothing less.      


*edit():  It's like trying to explain to some Siberian Russian 300 years ago, how british cocoa-coffee flavour/fermented dark beer looks and tastes like. When they don't even know how cocoa or coffee looks and tastes like, or beer(maybe). And the closest thing they probably have for you to properly explain to them is 'charcoal borsch' sweetened with some honey probably.      

[JayJuanGee]

[....
ocuptober 2021 - check✔
...........
nomoonvember 2021 - check✔

Hopefully there won't be a DeDumpcember...

You party poop!!!!!!

thought i will admit no guarantees when it comes to dee king

That would be nice (i mean the 7 digits), and i probably wouldn't even care, because i consider myself quite humble in regards of monetary richness.

For sure humility is a good thing whether it comes to assessing your level of richie status or if it comes to becoming too presumptive about your richie status - especially when it comes to something so volatile as bitcoin.

I have a similar kind of issue, sometimes, in terms of holding in the humbleness, because frequently when talking with acquaintances the subject of finances will come up, and people will sometimes say that they are able to x, y or z, but they cannot really do a or b because they cannot afford it without some kind of stress upon their finances.  Some of us might be losing our ability to relate to some of those kinds of tradeoffs, or if we say something smug about our own situation (not needing to worry about those kinds of trade offs or considerations), then we might need to attempt to keep our lil selfies in check.. if that is possible.  

Last not least: I'd honestly like to support my country, in means of giving back, because i am living off health insurance because of a memory condition that made me an underachiever in my well paid job which i did exceptionally well.

I find the juxtaposition of the idea of "underachiever' and "doing it well" to be confusing.

You mean that you were good at under achieving or you were good at your job or some other thing that I am not quite understanding?

Portugal, however is not that far from here and i even got some personal social connections there, so i'll keep it in the back of my head (hopefully) until all the kids are grown ups  

good to consider options.

EDIT: My english fails me pretty bad today. More than usual, at the least  

I would say..  #nohomo

wen $69,420?

i have a token amount set to sell at $69420 USD

couldnt resist it  

For funzies, I am attempted to follow your lead, again @vapourminer.. but last time that I followed your lead on this topic at $19,666 and perhaps $20k too, those surely were fleeting moments.. past by so quickly.. and never to be even considered again...  referring to either $19,666 or $20k or a combination of both.. the whole arena was kind of like a flash on the radar that hardly even realize that we were there.. it went by so quickly..

[savetherainforest]

I don't know where are you from, but if it's big amount (nice 7 digits or 8 ), just move to Portugal.

That would be nice (i mean the 7 digits), and i probably wouldn't even care, because i consider myself quite humble in regards of monetary richness.

[...]

Portugal, [...]

You numbnuts already have 10 or 11 digits. In Sats !!!

Also... F^ck Portugal. GO GO BRAZIIIIIILLLLLLLLLL!!!!!!!! BITCONNNECTTTTTTT!!!        

[ChartBuddy]

Explanation

[JayJuanGee]

$69,000 in one hour 

Heard that one before.


I doubt that king daddy appreciates that kind of pressure.. and may even play some passive aggressiveness on your ass.

#justsaying.

$69,000 in one hour 

Not in one hour but before my wedding anniversary which coming on 13 November 

4 days does seem like a bit less performance freeze pressure than 1 hour.

[jojo69]

https://www.mastercard.com/news/ap/en/newsroom/press-releases/en/2021/november/mastercard-partners-with-leading-digital-currency-companies-across-asia-pacific-to-launch-the-region-s-first-crypto-linked-payment-cards/

[ChartBuddy]

Explanation

[philipma1957]

https://www.mastercard.com/news/ap/en/newsroom/press-releases/en/2021/november/mastercard-partners-with-leading-digital-currency-companies-across-asia-pacific-to-launch-the-region-s-first-crypto-linked-payment-cards/

This is a good thing. Nice find.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

buddy popped a lot of sixes.

may be good 👍

[ChartBuddy]

Explanation

[DaRude]

"Faketoshi trial day 7 notes...

Has any court ever asked him how he managed to "sign" a message for Gavin from the fourth block's address, but now says he doesn't have the key as it's "held" by a bonded courier?

But why would they? The argument between both sides in this circus is whether Faketoshi is 100% Satoshi or 50% Satoshi. Both sides would gladly attribute 22M BTC to Faketoshi if they could.

BSv's law firm already opened up their cards and showed why they need this 50% or 100% judgement in their formal letters before action sent to all of the devs: 

10. In accordance with their fiduciary duties, each of the Developers is obliged to:
 a. Provide access and control to TTL of the BTC in the Addresses, which it owns
but cannot access or control due to the hack/theft.
 b. Take all reasonable steps to ensure that TTL has access to and control of the
BTC in the Addresses.
 c. Take all reasonable steps to ensure that effect is not given to the fraud, by
ensuring that the BTC in the Addresses cannot be dealt with by anyone other
than TTL (including those who have misappropriated the private keys or
otherwise wrongly have access to the private keys).

https://www.ontier.net/ia/a1letter-before-action-from-ttl.pdf

If you still have any doubts, here's the statement directly from Faketoshi:

https://twitter.com/MyLegacyKit/status/1457437100631105536


I found it helpful to stop using my logic while trying to analyze this case, (like why would you even need a supercomputer to mine on a testnet???) and just realize that the true answer to everything in this case is

[marcus_of_augustus]

https://mobile.twitter.com/davetroy/status/1458094700091658262

... welcome to the deranged upside-down world view of the rabid leftist

I can't stress this enough: the crypto attack on the dollar is not strictly a "pump and dump" or a "grift." It's an ideologically-driven attack on the legitimacy of fiat currency, the @federalreserve, and the incumbent financial system. It is the sequel to the January 6th attack.

... in some ways "he gets it" ... like the bellowing dinosaur sees the meteor streaking across the sky and knows it's an impending doom kind-of-way 'gets it'