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

[bitcoinPsycho]

https://amboss.space/node/03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e

I wanted to make an "I am IN YOU" pun, but could not find an address with which to establish a channel.

You are effectively invisible best I can see.

My body is ready.. bring me the girth!

03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e@3q2flaqwpu7ssxlgbrzaxx6622d2fuwhmstprskfchkfofzwxz5dntad.onion:9736

I really don't see how "no homo" is believable at all after that...

PS.  I am running this one behind TOR...  can any of you see my block explorer?

http://ydvmg6bbwkk3ufdoaontxt63jrwwzhhrkksa7nvxshsnpfa4wtdrpxid.onion

Need a user name and password

Ah.  Perhaps that is because of that app. But seems you can at least reach it. 

How about my mempool browser?  I think it is not p/w protected?

yxxwryd4hrpnipwmmlp7jh3a4kae5pxuzspwbwpzs2ayxizcd52bmpid.onion

Address Not Found!

[1715097940]

1715097940

[cAPSLOCK]

https://amboss.space/node/03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e

I wanted to make an "I am IN YOU" pun, but could not find an address with which to establish a channel.

You are effectively invisible best I can see.

My body is ready.. bring me the girth!

03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e@3q2flaqwpu7ssxlgbrzaxx6622d2fuwhmstprskfchkfofzwxz5dntad.onion:9736

I really don't see how "no homo" is believable at all after that...

PS.  I am running this one behind TOR...  can any of you see my block explorer?

http://ydvmg6bbwkk3ufdoaontxt63jrwwzhhrkksa7nvxshsnpfa4wtdrpxid.onion

Need a user name and password

Ah.  Perhaps that is because of that app. But seems you can at least reach it. 

How about my mempool browser?  I think it is not p/w protected?

yxxwryd4hrpnipwmmlp7jh3a4kae5pxuzspwbwpzs2ayxizcd52bmpid.onion

Address Not Found!

Well thanks for playing anyway, lol.  I have never done much TOR things on the server end so it's new to me.

[bitcoinPsycho]

 

I hear BitcoinFX knows tor very well

[marcus_of_augustus]

Feels like we’re back in consolidation mode after clearing some leverage out of the system. Im hoping for some sideways trading throughout the weekend and the start of another leg up next week. The big concern at the moment is the action on Tether and what that could mean. USDT was blamed for the rejection of the spot ETF and has had trading halted on Coinbase. Could have a market effect.

The old Tether chestnut. I feel for them, always having to drag up that topic to manipulate the price. Thing is they can't really do anything about it, because if they do they will no longer have it as an attack vector. They lost China bans Bitcoin, I'm sure they do not want to lose Tether. If they lose that all they'll have left is Bitcoin is destroying the planet.

I am sure that the powers that be will dream up some other attack vector on Bitcoin should they lose the Tether FUD angle.

... the fundamental problem with any Tether FUD storm is that Tether is a USD-backed crypto-derivative

... where is the most liquid asset for Tether to run to when confidence in Tether gets undermined?? ... yes Bitcoin.

... if there is a genuine run on Tether that's a $75 billion mountain of crypto-liquidity USD ready to pump BTC ... do it!

[ChartBuddy]

Explanation

[sirazimuth]

....

Otherwise, nah...he can fk off.

And by golly, that's exactly what he did. So there's that.



I just want to clarify/emphasize and make crystal clear so no one jumps to conclusions.
My above post in no way shape or form means that I agreed with or endorsed jbreher's position on various shitcoins not to be mentioned.
I merely enjoyed his insightful posts, him being a bitcoin OG representing an opposing view on this thread, and I give him kudos for standing up and defending his position
in the wake of endless toxic-ness from the wo bro echo chamber.
I'm quite sure if I met the dude irl, we would probably get along fine, as well as maybe have an epic jam session.

[ChartBuddy]

Explanation

[WeltMaster]

Thoughts on Taproot?

[Sayeds56]

[ChartBuddy]

Explanation

[BobLawblaw]

My body is ready.. bring me the girth!
03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e@3q2flaqwpu7ssxlgbrzaxx6622d2fuwhmstprskfchkfofzwxz5dntad.onion:9736

Just docked 0.05 BTC with you.

Mmmm... feelsgoodman.gif

Thoughts on Taproot?

All part of the NGU technology upgrade.

[Farmer Bill]

'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!

Triggered boomer threatening to shoot the gays in order to prove himself still relevant.  This is why an increasing number of people can't even be bothered to engage with the self-righteous, entitled brain farts of a lead-poisoned generation. Hence: OK, boomer.

But don't take it from millennial whippersnappers. Silent generation agrees with us

Thank you for reaching out and sharing.

[ChartBuddy]

Explanation

[dragonvslinux]

Just received a reality check on the sentiment of Bitcoin from a old-school-boomer & no-coiner this evening. A retired investor involved in the old money world of tax, and very curious on cryptocurrencies and their upside potential. Given they come from the "Gold age", they were surprisingly very interested and generally much less sceptical than the conversations I had with retired individuals in previous years.

They had no understanding of how blockchains functioned, cryptographic algorithms, mining and the like, but after realising they didn't understand how https or SSL certificates were verified, as well as the mechaincs of motor or electric cars, but still used and trusted them, were much more inclined to understand. They could certainly relate to the idea that pieces of paper are only worth what they are deemed to be valued at, as opposed to a fixed value, and concerned with increasing inflation - this being one of the best angles for boomers for reference sake, re "The Age of Gold". Bare with me, there is a point in here that isn't the usual.

However. Despite my conversation being focused around Bitcoin as an investment, and only Bitcoin, they still had their mind focused on the overall value of cryptocurrencies, rather than simply Bitcoin. More interested in "what cryptocurrencies to invest in" rather than "how much to invest in Bitcoin" as it were. Despite another boomer referencing the potential of Ethereum, the analogy I used was that a blockchain platform is like Windows, even if it's the most valuable one. There may be good upgrades, there may be others that go wrong, and when it comes to value transactions, going wrong is a serious problem. Ie it's not an immutable ledger like Bitcoin.

I was told using the term "immutable" was a very Gen X concept, which is understandable given the idea of computing and cryptography, and intended as a compliment rather than an insult. Even though I'm an early Millennial. Furthermore, the idea that Bitcoin is 12 years old and therefore time-tested was considered laughable: the idea that a decade is a long enough test of time. This appeared to help shift the idea away from a blockchain platform that upgrades every 6 months or so and therefore liable to fault, and why Bitcoin can be considered risky enough as it is, even with a decade of reliability behind it.

All in all, Bitcoin being a minority of the cryptocurrency market became an obvious issue to this conversation, because it is only a piece of the speculation pie right now as opposed to the main chunk. Being the no.1 cryptocurrency appears almost irrelevant at this point and it felt unnoticed. It's recognised more so as the first cryptographic form of money, but not the most reliable nor the most valuable it seems. This again was a reminder of why I "feel" Bitcoin needs to reclaim 50% of market dominance in order to reach 6 figures, even if temporarily, just to show how it can lead in this market rather than continue to fall behind.

This isn't intended as an attack on Bitcoin, but a realisation that altcoin dominance has become problematic to gaining older investors. This is simply what I believe. First the altcoin profits as well as liquidity need to move back to Bitcoin, as part of a Bitcoin season. This is what will give confidence to newcomers as to which is the most relevant cryptocurrency to invest in. The reality is many investors like to diversify, given in the age of computing investing all in Mircosoft would have been an worthless idea, but instead diversifying into Apple would of been a worthwhile concept. But the difference is, cryptos are not OS's nor devices.

I'm not against some market weighted diversification strategy of (for example) 80% Bitcoin and 20% Ethereum, but clearly it comes at a price. Because while boomers are happy to invest 20% in ETH, Gen Z are more inclined to invest 50% in Ethereum and 50% in the latest speculative technology that may or may not succeed, without even considering Bitcoin, it can come across as "too old for them" or "too expensive". It's as if Bitcoin is for the boomers, and the Millennials and younger want something more speculative, more risky. As if Bitcoin isn't speculative enough. This is confirmed by the fact that altcoins are the majority of the cryptocurrency market, not Bitcoin anymore. Not since 2017/2018 altseason. This is just my experience, but it is what I see right now. Soon enough, things will need to change in order to move forward.

So how does this change? I genuinely think it's through ProShares, the newly discovered and arguably undervalued ETF. Because most boomers don't have the technical experience to buy Bitcoin, let alone own it. They've only just got their head around Paypal and they still don't trust it either. Greyscale has always been there, but likely considered a ponzi scheme (even though it's not), without doing a lot of due diligence. Having access to moving shares into a Bitcoin ETF is a safe and easy way to gain the exposure of Bitcoin's potential, something that other cryptocurrencies simply do not provide. This is where Bitcoin gains it's edge in the market I believe, because if you sign up to a cryptocurrency exchange you can gain exposure to all sorts, but if you invest in ETFs, you can only get Bitcoin. First mover advantage right there.

We can talk to end of time of why Bitcoin is more reliable, more valuable, a better investment and form of reserve currency, as well as a reserve asset, but ultimately other cryptocurrencies will always distort the idea of investing in it, rather than incentivize it. Not to mention most won't understand fundamentally nor technologically why Bitcoin is more reliable and therefore more valuable.. Because it simply confuses the idea of Bitcoin being on a playing field with altcoins, rather than a playing field with fiat currencies. Whereas the idea of a ledger being 100% reliable and 100% immutable is unique. I hope that makes sense.

[lightfoot]

PS.  I am running this one behind TOR...  can any of you see my block explorer?

http://ydvmg6bbwkk3ufdoaontxt63jrwwzhhrkksa7nvxshsnpfa4wtdrpxid.onion

"Private area?" Come on man!

[El duderino_]

Just have had another pleasant meal with a WO’r

Price going up too

Happy Saturday

Cheers

[Farmer Bill]

PS.  I am running this one behind TOR...  can any of you see my block explorer?

http://ydvmg6bbwkk3ufdoaontxt63jrwwzhhrkksa7nvxshsnpfa4wtdrpxid.onion

"Private area?" Come on man!

Yep this site is asking you to sign in.

[dragonvslinux]

Strong hourly candle coming in after yesterday's close   Only the 1 hr chart, but bouncing off the 200 MA (aka the 4hr 50 MA) like a boss 💪



That yellow area I've designated as the accumulation/distribution zone. It's based on the price between the April ATH and highest Weekly close of that month.

Looking forward to a close above $65.5K on this time frame for further upside and new ATH personally.

Weekly candle was looking like bearish trash but hopefully weekend can save it...

[ChartBuddy]

Explanation

[d_eddie]

Otherwise not sure why I keep seeing occasional panic in the market.

Some covert institutional whale selling some bitcoin to pay for Evergrande fiat fuckups?