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

[ChartBuddy]

Explanation

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[Paashaas]

Miami to give ‘Bitcoin Yield’ from MiamiCoin to its citizens.

The city of Miami will soon give out a “bitcoin yield” to its citizens from the staking of its cryptocurrency, Miami Mayor Francis Suarez announced on CoinDesk TV Thursday morning.

“We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents,” Suarez said

https://www.coindesk.com/business/2021/11/11/miami-to-give-bitcoin-yield-from-miamicoin-to-its-citizens/

[Torque]

Miami to give ‘Bitcoin Yield’ from MiamiCoin to its citizens.

The city of Miami will soon give out a “bitcoin yield” to its citizens from the staking of its cryptocurrency, Miami Mayor Francis Suarez announced on CoinDesk TV Thursday morning.

“We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents,” Suarez said

https://www.coindesk.com/business/2021/11/11/miami-to-give-bitcoin-yield-from-miamicoin-to-its-citizens/

Sorry but they lost me at some shitcoin called Miami Coin, that seems to be required to stake.

[Dabs]

You don't even have to move them all. You could literally send a tiny amount of dust from an address with a large amount of btc and that address would no longer be considered "abandoned".

If you spend from any address any amount of coin, even if not the whole amount, then the public key of that address becomes known, and could be an issue (small, maybe negligible). The reason you want to use a new address every time you move coins (and the change address is new also), is so that the new address does not have the public key known yet until you spend from it.

Since you are signing with your private key anyway, why not just move the whole amount? Discard and do not reuse the old address anymore.

[ChartBuddy]

Explanation

[cAPSLOCK]

. Dude I will be dead when the fight over frozen coins is started. The fight will be that they are not lost keys. The fight will be that they are abandoned coins.

 If you have any idea about worldwide legal bullshit in general and human nature those "frozen" coins will be fought over bigly down the road.

Like I said won't happen anytime soon. But it is going to happen.

The thing people are trying to express is:

1. That argument already exists.  In the context of Satoshi's coins, and lack of inflation and block reward etc.
2. Recirculating lost or abandoned coins is a CHANGE to Bitcoin's basic monetary policy.

In my opinion that change to the policy would BREAK bitcoin.

I think you are possibly making your assumptions because of a life lived in a FIAT world where these sorts of arguments are the very ways the masters of the system have gamed the system to benefit the masters themselves.

As a gen-x member I sort of hate the arrogant millennials/zoomers when they say "OK Boomer"... but... but...

[Dabs]

https://www.newsbtc.com/news/bitcoin/bitcoin-whale-wallet-with-150-million-activated-after-8-years/

And you guys scared one of these whales to move their coins.. Keep talking about "abandoned" coins and we might see some movement from old addresses.

[OutOfMemory]

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?

Oh, yeah. That didn't make much sense there, so here's a clarification:
I meant i did my job (really) well, before i got sick, which made me an underachiever.
I was able to work about an hour on something i could not finish and it made me stressed out and feel exhausted for at least the rest of the day.

https://www.newsbtc.com/news/bitcoin/bitcoin-whale-wallet-with-150-million-activated-after-8-years/

And you guys scared one of these whales to move their coins.. Keep talking about "abandoned" coins and we might see some movement from old addresses.

C'mon! I think i remember that quite some amounts were moved before black friday in the past years. They didn't even mention how many BTC were transacted, to which addresses, etc.
Maybe it even was an old dog from this forum, who went to somewhere in the world to dig out a long time hidden seedword list he left there once.
I would be scared if multiple "in-only" addresses where BTC were accumulated within the last 4 years would send all of their coins to a single exchange, but roughly 2.200 BTC? That's a tiny fraction of the total of the MtGox case addresses.
I would be happy if it was one of the addresses CSW claimed to own, just to blame this fraud.

[JayJuanGee]

New wordy man is far more interesting than old wordy man.

Also observing $16k incoming.

There is something to be said about consistency.

Which one is more (less) consistent?  Asking for a friend.

Lets not try to answer questions about the fabric of time and space in haste.

This is a Conundrum that should be analyzed annually as new data is observed and correlated.

And as was expected one contestant just didn't have the fortitude.

Are you suggesting that nullius did not have a kind of staying power?

You can see in nullius's posting history that his posting behaviors has continued to go in streaks...  and gosh we never are going to really know if he might come back for a month or two and bombard us with "interesting information."  Surely in the very beginning of his time on the forum (which coincidentally started at the beginning of the implementation of the merit system) a lot of folks considered that he was something close to a genius (reflected in his earned merits in the beginning as well), but he got into a variety of battles and even controversial support of questionable members, not even referring to his seemingly blind support of Lauda.. which hey, I never really had any problems with Lauda - even though towards the end of her forum membership, she also would sometimes become too personally attached to some of her positions which converted her from being exceptionally right on various topics to being not as much right.. and seemingly drawn into battles to preserve her personal reputation.

Another problematic thing about nullius was that he had quite a few difficulties staying on topic, even if some of the things that he would be saying would have been well within an "interesting" categorization, and maybe a relieving point was that he did tend to neither support shitcoin talk nor any kind of investing into shitcoins - even though his supposed bitcoin position was a wee bit weird in terms of what would have been his suggestions of how to manage/balance finances (such as how much value (short-term, even) to keep in such a volatile asset such as bitcoin.. is it even realistic to be suggesting either to keep 100% into bitcoin or to be deferring gratification so damned much that your wealth is going to your heirs rather than yourself - with questionable situation whether there are sufficient balancing considerations there - even though for sure personal discretionary questions anyhow).

[savetherainforest]

Oh no, bitcoin crashed to levels not seen since 2 days ago.

I don't want to start some sh!t again.... But it might go to $52K in the next week or so... maybe in 2-3 tops.        

[ChartBuddy]

Explanation

[Farmer Bill]

. Dude I will be dead when the fight over frozen coins is started. The fight will be that they are not lost keys. The fight will be that they are abandoned coins.

 If you have any idea about worldwide legal bullshit in general and human nature those "frozen" coins will be fought over bigly down the road.

Like I said won't happen anytime soon. But it is going to happen.

The thing people are trying to express is:

1. That argument already exists.  In the context of Satoshi's coins, and lack of inflation and block reward etc.
2. Recirculating lost or abandoned coins is a CHANGE to Bitcoin's basic monetary policy.

In my opinion that change to the policy would BREAK bitcoin.

I think you are possibly making your assumptions because of a life lived in a FIAT world where these sorts of arguments are the very ways the masters of the system have gamed the system to benefit the masters themselves.

As a gen-x member I sort of hate the arrogant millennials/zoomers when they say "OK Boomer"... but... but...

'OK Boomer' I hate that term more so since that fucking communist Ocasio-Cortez used it.

When I hear it used, it conjures up an age old story:

A farmer goes out one day and buys a brand new stud rooster for his chicken coop. The new rooster struts over to the old rooster and says, "Okay old fart, time for you to retire."

The old rooster replies, "Come on, surely you cannot handle all of these chickens. Look what it has done to me. Can't you just let me have the two old hens over in the corner?"

The young rooster says, "Beat it! You are washed up and I am taking over."

The old rooster says, "I tell you what, young stud. I will race you around the farmhouse. Whoever wins gets the exclusive domain over the entire chicken coop."

The young rooster laughs, "You know you don't stand a chance old man, so just to be fair I will give you a head start."

The old rooster takes off running. About 15 seconds later the young rooster takes off running after him. They round the front porch of the farmhouse and the young rooster has closed the gap. He is already about 5 inches behind the old rooster and gaining fast.The farmer, meanwhile, is sitting in his usual spot on the front porch when he sees the roosters running by. He grabs up his shotgun and boom, he blows the young rooster to bits. The farmer sadly shakes his head and says, "Dangit, third gay rooster I bought this month."

Moral of the story...

Don't mess with us old folks. Age and treachery will always overcome youth and skill!

[JayJuanGee]

Back to the 64xxx again I see, getting really tired of this, really, really, tired.

Paciencia mujer!!!

I am not sure if I need to even explain that bitcoin does not just go up in a straight line - even in a price arena that I had also considered to have been within a kind of no man's land.

From your forum registration date Arriemoller, you have been in bitcoin about around the same amount of time as me.  So frequently in recent times, I will tell people that we could use an average cost of bitcoin for me around $1k.. even if I had a variety of opportunities to get bitcoin for under $1k.. but even if we presume that any of us could have fucked up quite a bit, I can both concede that I fucked up and agree to use $1k as my hypothetical cost per BTC when discussing how much my BTC holdings might be in profits or not.  Another good thing about $1k is that it does tend to be a good approximation to show how much my BTC holdings might be in profits versus not... so in March 2020, my profits level dipped all the way down to around 4x, and then kind of stabilized around 10x in September 2020 before jumping off to really go up another 6.5x in value to approach 65x before extremely correcting back down to around 29x to 32x for a considerable amount of time, and then now returning to between about 60x to 69x in profits for the past month (almost a month)....

Let's say that you potentially fucked up even worse than me, and your average cost per BTC is around $10k.. and yeah your profits had denigrated from 6.5x down to 2.9x to 3.2x and now they are moving around between 6x and 6.9x for the past almost month... Yeah you seem to be quite anxious.. but we are surely still not in a bad place, even if sometimes it seems to take bitcoin a while to get to higher places, and if both you and I are going on 8 years of being involved and investing into BTC, then maybe we are in 60x to 70x profits or maybe a worser case scenario we are ONLY in 6x to 7x profits, but still does not seem to be a bad place to be -  relatively speaking and also compared with other places that we could have invested our value in the past 8 years or so.  AmiNOTrite?

Back to the 64xxx again I see, getting really tired of this, really, really, tired.

Day trading is waste of time and money. You become adrenaline junkie and you don't learn anything.

Personally, I proclaim to NOT be a "day trader" even though I have a system that would likely categorize myself more of a swing trader.. and I imagine that you, becoin, would categorize any kind of trading as a kind of "adrenaline junkie" at least in terms of wanting to watch the short term BTC price moves.

Actually, as I type this post, I consider myself to have set up a system in which I don't really care about short term BTC price moves, but for some reason I still like to see if my buy/sell orders are filling or not... and currently there is a pretty decent spread between the next sell orders (at around $69,500) and the next buy orders (at around $61,500)... so there is more anxiety when the BTC price gets close to either of those amounts and a bit less anxiety when the BTC price is just floating in the middle and not really getting too close to filling in either direction.

Here is one more image i made out in my free time :

Is the time axis going right to left on this? That's going to get misunderstood a lot.

Actually made that intentionally to tease all those who prints different charts or time axis to claim btc is dead or will not be able to stay above these levels.So just want to tell them anyway you could see bitcoin it will have surge in with time span even if you take a reverse step back the target will be reached.

I agree with Richy_T on this one.. your presentation is very muddled, confusing and does not vale la pena....  but whatever, you do you.

[philipma1957]

https://www.newsbtc.com/news/bitcoin/bitcoin-whale-wallet-with-150-million-activated-after-8-years/

And you guys scared one of these whales to move their coins.. Keep talking about "abandoned" coins and we might see some movement from old addresses.

Well my point was heard and considered and acted on. Just gained eight years time with a simple move.

nuff said  

[cAPSLOCK]

https://www.newsbtc.com/news/bitcoin/bitcoin-whale-wallet-with-150-million-activated-after-8-years/

And you guys scared one of these whales to move their coins.. Keep talking about "abandoned" coins and we might see some movement from old addresses.

This is just another reason the idea of "lost coins" is el stupido.  The ONLY person with the rights to move bitcoin is the holder of that (those) private key(s).

Period.

And it is their right to move them as they please.  Even if it frightens people, or means they are rich, or crashes the price.  Or proves they are Satoshi, or ANYTHING.  PERIOD. 

I am not scared.  I still have the keys to my coins.

[eXPHorizon]

. Dude I will be dead when the fight over frozen coins is started. The fight will be that they are not lost keys. The fight will be that they are abandoned coins.

 If you have any idea about worldwide legal bullshit in general and human nature those "frozen" coins will be fought over bigly down the road.

Like I said won't happen anytime soon. But it is going to happen.

The thing people are trying to express is:

1. That argument already exists.  In the context of Satoshi's coins, and lack of inflation and block reward etc.
2. Recirculating lost or abandoned coins is a CHANGE to Bitcoin's basic monetary policy.

In my opinion that change to the policy would BREAK bitcoin.

I think you are possibly making your assumptions because of a life lived in a FIAT world where these sorts of arguments are the very ways the masters of the system have gamed the system to benefit the masters themselves.

As a gen-x member I sort of hate the arrogant millennials/zoomers when they say "OK Boomer"... but... but...

'OK Boomer' I hate that term more so since that fucking communist Ocasio-Cortez used it.

When I hear it used, it conjures up an age old story:

A farmer goes out one day and buys a brand new stud rooster for his chicken coop. The new rooster struts over to the old rooster and says, "Okay old fart, time for you to retire."

The old rooster replies, "Come on, surely you cannot handle all of these chickens. Look what it has done to me. Can't you just let me have the two old hens over in the corner?"

The young rooster says, "Beat it! You are washed up and I am taking over."

The old rooster says, "I tell you what, young stud. I will race you around the farmhouse. Whoever wins gets the exclusive domain over the entire chicken coop."

The young rooster laughs, "You know you don't stand a chance old man, so just to be fair I will give you a head start."

The old rooster takes off running. About 15 seconds later the young rooster takes off running after him. They round the front porch of the farmhouse and the young rooster has closed the gap. He is already about 5 inches behind the old rooster and gaining fast.The farmer, meanwhile, is sitting in his usual spot on the front porch when he sees the roosters running by. He grabs up his shotgun and boom, he blows the young rooster to bits. The farmer sadly shakes his head and says, "Dangit, third gay rooster I bought this month."

Moral of the story...

Don't mess with us old folks. Age and treachery will always overcome youth and skill!

Ok Boomer(i say that with respect cause i respect elderly), two things you forgot... this is not 1950 and Kids these days see more then it meets the eye


Modern rooster would be like :

Yeah go ahead i give you 15 sec of head start while the old rooster would be running the young one would jump on the Chickens
While the farmer observes the old rooster with suspicion that the rooster has gone haywire hh

Modern times forced evolution upon kids and that is evidentable

[cAPSLOCK]

Oh no, bitcoin crashed to levels not seen since 2 days ago.

I don't want to start some sh!t again.... But it might go to $52K in the next week or so... maybe in 2-3 tops.        

remindmeofthisinthreeweeks.gif

And yes you DO want to stir up shit again... obviously.  Starting a sentence with "I don't want to X, but..."  is a drop dead reliable lie pretty much every time.  The only person you might be fooling is yourself.

[Farmer Bill]

Biden's nominee for Comptroller of the Currency
https://mobile.twitter.com/bidennoms/status/1458180110872457216

Biden nominee Saule Omarova saying the quiet part out loud. On the oil, coal and gas industries:

"We want them to go bankrupt if we want to tackle climate change."

... Comptroller of Currency wants major industries to go bankrupt, that should be good for the dollar

.... "Socialism comes in through the ballot box, but only leaves through bloodshed ... " it's nothing new peeps

 Looks Chinese, speaks with a Russian accent and she's nominated for what now?

... hey she's highly qualified for any position in this administration, PhD thesis title "Omarova graduated from Moscow State University in 1989 on the Lenin Personal Academic Scholarship.[8][9] Her thesis from MSU is titled Karl Marx's Economic Analysis and the Theory of Revolution
in The Capital"

... she's got communist pedigree perfection.

,

She will not release that thesis for scrutiny by the Banking Senate Committee, nor is it available at Moscow State University having been shredded. Oh yeah, the Russians protect their agents well. Someone who still has admiration for the Russian Financial System, a dyed in the wool, Red Scarf wearing "Young Pioneer". Now at the center of government influencing policy.

Can you imagine Putin promoting a western academic to such a top position?

[philipma1957]

https://www.newsbtc.com/news/bitcoin/bitcoin-whale-wallet-with-150-million-activated-after-8-years/

And you guys scared one of these whales to move their coins.. Keep talking about "abandoned" coins and we might see some movement from old addresses.

This is just another reason the idea of "lost coins" is el stupido.  The ONLY person with the rights to move bitcoin is the holder of that (those) private key(s).

Period.

And it is their right to move them as they please.  Even if it frightens people, or means they are rich, or crashes the price.  Or proves they are Satoshi, or ANYTHING.  PERIOD. 

I am not scared.  I still have the keys to my coins.

I suspect the vast majority of the “frozen” coins are not lost or abandon

pretend that the number is 4 million coins 2.4 million would be by long term holders not lost and movable. much as the ones above were just done.

It all an exercise in imagination when we are trying to guess 2049-2059 btc rules and decisions.

realistically I have 20 years left to live. based on family male history 77-86 years old is a common death age for men.

[cAPSLOCK]

Ok Boomer, two things you forgot... this is not 1950 and Kids these days see more then it meets the eye

Every generation has believed this exact same bullshit.  The Boomers remember, and so does Gen-X.  Also you just pretty much told us where you are from.