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

[LFC_Bitcoin]

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

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[AlcoHoDL]

Bitcoin is a strange thing.

-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.

-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.

-- Traders belong to the first 99%, they just don't know it.

I don't think I've ever encountered anything quite like this in my life.

[ChartBuddy]

Explanation

[cAPSLOCK]

You and me both my friend.
Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.

I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.)
We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago.

Never mind the observable universe is only ~13 Billion light years. Who knows what lays beyond...

... it's a pretty good bet that the "speed of light" limitation on travel is an artificial limit entirely created within our own limited knowledge of the physical universe

.... quantum electrodynamics is incomplete, gravitational theory is incomplete and both will remain incomplete until a successful unification of the two, which is likely to lead to a revolutionary new paradigm in physics, given that the both of them are so far apart and have resisted unification for so long it's a good chance there is a massive hole in current understanding of the reality of the physical world (maybe the metaphysical also, many worlds, multiverse, etc)

... once you let go of this 'speed of light' limit notion then the galaxy is your oyster, so to speak

... and yes the Galactic Empire is probably a 'thing' and has likely been watching us for a very long time but they have a 'Star Trek' like code of ethics about interfering in a primitive civilisations development, without invitation from the developing civilisation itself ... it's likely we'll even be allowed to destroy ourselves with our own 'free will' without them intervening ... but there are always rogue rule-breakers and outlaw cowboys who come to yuck it up and who do flash themselves to the human natives from time to time for shits and giggles

We live at the end of the atomic age, and on the threshold of the quantum age.

[cAPSLOCK]

cAPSLOCK asked to Argue with you. I know he is joking

I doubt that cAPSLOCK is completely joking.. sometimes merely disagreeing with me will earn you merits from some other forum members..

[naim027]

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

One of the biggest risks for bitcoin right now is regulation.
In recent weeks, China has clamped down on its cryptocurrency industry, shuttering energy-intensive crypto mining operations and ordering major banks and payment firms like Alipay not to do business with crypto companies.

As a country, the U.S. has too many departments regulating it from different angles — is crypto security? A commodity? A property?" Yu said. "As of now, the U.S. hasn't figured out how to properly regulate the industry, which oftentimes leads to decisions that are difficult for crypto to operate.

Source: https://www.cnbc.com/2021/07/01/after-bitcoins-wild-first-half-these-are-the-5-biggest-risks-ahead.html

China just Fucking Up every time Bitcoin hits ATH. They banned bitcoin countless times. I believe Plan B's 98K is Still possible. But, Not on November Closing . Maybe on December Closing?

If you do not believe it, Just sell your BTC and watch what happens next. It will pump up if you sell it. but if you HODL, IDK What will happen next.

cAPSLOCK asked to Argue with you. I know he is joking

I doubt that cAPSLOCK is completely joking.. sometimes merely disagreeing with me will earn you merits from some other forum members.

I am sorry. Should I argue with him? Okay okay. I will follow your suggestions

[somac.]

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

I hear ya. I still think we will go to the support line of the up channel first. Currently about 53k but probably 55k if it gets hit say on the weekend. A lot of people are calling for 53k so I don't think we'll hit it. If we get down there and if we don't bounce I'd be pretty surprised especially since on-chain data is still bullish.

https://twitter.com/WClementeIII/status/1461187861831634945

Large uptick in supply moving to entities with little selling history today.

In other words, strong hands are buying the dip.

https://twitter.com/WClementeIII/status/1461117124538245126

Short-term holder realized price (cost basis) has been a very interesting level that Bitcoin price has historically interacted with. This has served as a floor during bull markets.

Currently sits at $53K.

Waiting is the hardest part. But by early next year I reckon we'll be pretty happy.

[aysg76]

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

Bitcoin has the habit of rising from the graves and PlanB $98k prediction is not dead as we still have 43 days to the year end and btc can easily grow to that levels within that much time period like this $69k rally was fast enough and only green dildos around was a pleasant time but yes it could be frustrating a little bit but enjoying these times is best.Moreover waiting for @Proudhon to cook some scientific statements so that btc could prove him wrong again 


I found an interesting image depicting the three categories of the Bitcoin market : No coiners,Panic sellers,Long term holders



The iq levels rise as you shift towards long term holding and buys at the dips as your knowledge about bitcoin also increases and you don't shift with the cold winds of China FUD and all other bullshit and you just hold your coins with diamond hands.

There is also profit chart associated with this and keep on increasing firmly with iq or knowledge as you buy more btc and hold them for long term and remember back when we were at $5k not going too behind and now we still are at $60k with dips so imagine the future with holding btc.So that's where your position changes in market.

[cAPSLOCK]

I am sorry. Should I argue with him? Okay okay. I will follow your suggestions

Oh.. you won't have to "argue with him", really.  Just post, and he will handle all the arguing and fussing about.  It's easy.

[Dabs]

Well, physicists tell us that the DIAMETER of the observable Universe is 90 bil light years. I am not sure how they derived this number considering that it is only 13.8 bil years old, as you probably meant. You are absolutely right that it is most likely MUCH bigger (beyond the observable part).

Well, like, yeah... If you want to be pedantic, I'm referencing the ~13 bil year old arrow of time expanding outwards in all directions to create a presumably spherical volume - What lays beyond the known volume of space/time sorta question type deal?

I think the diameter of the universe being ESTIMATED to 93+ Billion LY is way off. If the universe is non local, then there is no middle, because everywhere is the middle. So space is infinite and everywhere. The big bang also happened everywhere. There is no edge of spacetime because its everywhere. So, infinite.

And here's the kicker: Because space is expanding at an accelerated rate faster than the speed of light means that the light, which is too far away, will never reach us.

Some eminent theoretical physicists say the whole universe might be a two-dimensional surface, like a hologram.

Well the higher dimensions are built on the lower ones so that does sound very logical. Can't have 3D without adding a dimension to 2D. If you go further, 2D is built upon 1D which is built upon 0D, which is just a point without size or axis. If you think of it in terms of a graph, a point becomes the graph itself.

I like the short cartoony or animated youtube videos on the size of the observable universe. At some point, it is all academic and of no real or practical purpose for us otherwise normal humans, who will probably never leave our present Solar System within the next 7 to 10 generations (or something like the next thousand years).

There's another article about what aliens smell like, I'll leave that up to you to discover.

For most people, we don't really think about what is much beyond our own lifespan, or maybe our immediate heirs or family. So give or take a century, maybe two hundred years.

For a lot of people, they really only care how they will survive tomorrow, or next week, or next month or even next year.

For us here, a lot just want to know the price (or don't care about it) of bitcoin next week or next month or next decade. Bitcoin is inherently limited to Earth due to the hash horizon, or center of hash effect, which is based on the average 10 minute block time.

Anything outside about 1 minute from Earth at the speed of light is "out of reach" of bitcoin, practically speaking. I mean, sure the Sun is 7 to 8 minutes away but no one is going to be living or transacting in bitcoins near the Sun anytime soon.

https://www.youtube.com/watch?v=uzkD5SeuwzM

TRUE Limits Of Humanity – The Final Border We Will Never Cross
Is there a border we will never cross? Are there places we will never reach, no matter how hard we try? It turns out, there are.

[Arriemoller]

Ok bitcoin, when I said 60xxx was boring I didn't mean "go to 50xxx".

[ChartBuddy]

Explanation

[marcus_of_augustus]

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

... the CEO of bitcoin apologises for your frustrations and that your customer experience with the bitcoin product has been sub-optimal and failed to meet your expectations. The Bitcoin company strives to achieve excellent outcomes for all it's customers and will take on board your suggestions how we may do better in the future.

[Torque]

I swear, some of you guys need to check yourself and chill the fk out. This is an investment for the long haul (years and years).

[Farmer Bill]

You and me both my friend.


Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.

I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.)

We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago.

In a relative universe, it's not so much a question of where but when (intelligent) life is existing. Every signal the radio-telescopes are picking up right now are from the past of the originating location. So IF we (as lifeforms) get discovered by "aliens", there's a 99,9999% chance that they come visiting us after we are gone as a species. Intergalactic dating the hard way.
What we are looking at is the very past of the universe.

Well, physicists tell us that the DIAMETER of the observable Universe is 90 bil light years. I am not sure how they derived this number considering that it is only 13.8 bil years old, as you probably meant. You are absolutely right that it is most likely MUCH bigger (beyond the observable part).

Well, like, yeah... If you want to be pedantic, I'm referencing the ~13 bil year old arrow of time expanding outwards in all directions to create a presumably spherical volume - What lays beyond the known volume of space/time sorta question type deal?

Wouldn't the Doppler Effect be the root cause for this observation? Assuming that Einstein was right...
(EDIT: marcus already opened this box before i read his reply)

You and me both my friend.


Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.

I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.)

We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago.

Well lets hope some green lizard mofos didn't already find us and are ruling it all behind the scenes.

They say you can recognize them by their terrible haircuts. Hair seems to be a concept them aliens never seem to have understood.

* OutOfMemory browsing for pictures of Trump...

Its not the haircuts, it's the slightly out of sync (with the date) clothes.

I see small groups of people looking slightly bewildered and with a sheepish look on their faces like those on an LSD trip and wearing slightly out of date clothes.

I've always assumed they are time tourists from the future.

Next time I see such a group I should approach them and ask "when are they from?" and what was the price of Bitcoin before they left.

I see, so it is 1 satoshi = 1 KW Hour energy (or a $30 million Bitcoin in today's reckoning)

But perhaps they are just retards like me, who really are on an LSD trip and out for a day around town, taken aback by seeing things in a whole different way.

[BitcoinBunny]

I think I literally lost some IQ points listening to Peter Schiff  

https://www.youtube.com/watch?v=ugTrTLFG7T0&ab_channel=MikhailaPeterson

[ChartBuddy]

Explanation

[BitcoinBunny]

Bought another 0.011 BTC

 

[Torque]

I think I literally lost some IQ points listening to Peter Schiff  

https://www.youtube.com/watch?v=ugTrTLFG7T0&ab_channel=MikhailaPeterson

Peter Schiff isn't the only one who has been warning the masses about Bitcoin @ $10, lol

[marcus_of_augustus]

... it's a pretty good bet that the "speed of light" limitation on travel is an artificial limit entirely created within our own limited knowledge of the physical universe

.... quantum electrodynamics is incomplete, gravitational theory is incomplete and both will remain incomplete until a successful unification of the two, which is likely to lead to a revolutionary new paradigm in physics, given that the both of them are so far apart and have resisted unification for so long it's a good chance there is a massive hole in current understanding of the reality of the physical world (maybe the metaphysical also, many worlds, multiverse, etc)

... once you let go of this 'speed of light' limit notion then the galaxy is your oyster, so to speak

... and yes the Galactic Empire is probably a 'thing' and has likely been watching us for a very long time but they have a 'Star Trek' like code of ethics about interfering in a primitive civilisations development, without invitation from the developing civilisation itself ... it's likely we'll even be allowed to destroy ourselves with our own 'free will' without them intervening ... but there are always rogue rule-breakers and outlaw cowboys who come to yuck it up and who do flash themselves to the human natives from time to time for shits and giggles

We live at the end of the atomic age, and on the threshold of the quantum age.

.... I think the 'quantum' moniker is an over-used and over-loaded term that wont live up to the weight of faith being placed upon it

... in it's essence the quantum phrase describes the discrete eigenstate solutions of the wave function applied to the oscillatory properties of primarily angular momentum and electromagnetic energy,

... usually these are just the simple integer solutions describing resonances in the collective electrodynamics of systems that are so small that we can only sense them through light and scattering of particles, that are themselves resonant electrodynamic wave or spin-wave structures ....

... it's more useful to think of the whole of 'quantum mechanics' as resonant sub-scale collective electrodynamics, where even so-called 'intrinsic properties' like mass and charge are quantities that are derived from the interactions between sympathetically resonating structures

... if I was to have even a partial solution/theory towards a type of 'quantum gravity' but it's not well-formed enough yet for wider dissemination, its not clear to me humanity would be even ready for that leap forward, given the evidence of how E=m.c^2 was co-opted by the sociopaths and psychopaths, and that releasing such knowledge into circulation is necessarily a net benefit or even a wise thing to do at this stage .... I'm inclined rather to take it to my grave at this point seeing the path the global power is taking especially in regards to freedom, surveillance, control, manipulation, exploitation and war-mongering