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

[PoolMinor]

When will BTC price reach parity with WO page count........again?

[vapourminer]

Twetch

TIL    wow

ok well i didnt learn, really. more like killed off a large number or brain cells till i force stopped my brain from trying to make sense of ...well any of it.

its gonna take a LOT of drugs to blot that stuff i read out of my conciseness.

[bitcoinPsycho]

Post of the day

10 wo/smerits

[AlcoHoDL]

A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.



One more thing.

He STILL hasn't learned his lesson.  Twetch did not fail because of bad PR!  It failed EXACTLY BECAUSE it was anchored to a centralized chain and the centralized actors decided to kick him out, and the market was wise enough to also value the centralized project where it belonged.  But this is just the sort of failure that awaits those who build on a centralized blockchain and then do not stay on the right side of those who control the database...  Twetch did not fail because Calvin likes little girls.  It failed because the idea of writing the entire internet to a blockchain is a retarded.

Asshole still doesn't get it.  (Sorry to any of you WO brothers who still hold out hope for the big chains.)

Nice one, thanks for that info. Good riddance to both CSW and Ayre, and their shitcoin baby BSV. I hope they both disappear off the face of the Earth, they are some of the most despicable people I know.

BTW, did something officially happen to BSV? Quickly Googled about it, but nothing came up. Any link to share, for me to read while eating my Ramen noodles? I hope BSV collapses into oblivion, and serves as a hard lesson to all Big Blockers^TM out there.

[cAPSLOCK]

I have zero sympathy for anyone that went all-in to BCash, BSV, or any other shitcoin for that matter and end up losing everything.

They were warned, they were all warned. And most of them turned into smarmy, know-it-all types with superiority complexes. They laugh at "toxic bitcoin maximalists" and are so convinced they are on the right side of history.

They aren't. Delusion is a hell of a drug.

Exactly.  If you look at that tweet thread you might notice a familiarly named jackrabbit making that exact point.

That's one of the amazing parts.  "Moist" is acting surprised that "Holdlonaut" is seeing karma in this circumstance in spite of the fact that I distinctly remember "Elon" being among the voices cheering on the lawsuits that the scammers brought against him.

The very nicest response a "toxic maxi" could make to this guy is "We tried to warn you".

I personally did.

Jeebus... twitter on a freaking blockchain.  The most ridiculous part is there are more guys like him that want to do the exact same thing on some other blockchain.  The BSV folks actually never seemed to understand that they  were NEVER taking on BITCOIN, but instead were competing against ETH, really...

[Torque]

Jeebus... twitter on a freaking blockchain.  The most ridiculous part is there are more guys like him that want to do the exact same thing on some other blockchain.  The BSV folks actually never seemed to understand that they  were NEVER taking on BITCOIN, but instead were competing against ETH, really...

For those of us with decades of IT programming background and experience, apps running on a blockchain is just the DUMBEST idea ever thought of.


Meanwhile...

[cAPSLOCK]

A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.



One more thing.

He STILL hasn't learned his lesson.  Twetch did not fail because of bad PR!  It failed EXACTLY BECAUSE it was anchored to a centralized chain and the centralized actors decided to kick him out, and the market was wise enough to also value the centralized project where it belonged.  But this is just the sort of failure that awaits those who build on a centralized blockchain and then do not stay on the right side of those who control the database...  Twetch did not fail because Calvin likes little girls.  It failed because the idea of writing the entire internet to a blockchain is a retarded.

Asshole still doesn't get it.  (Sorry to any of you WO brothers who still hold out hope for the big chains.)

Nice one, thanks for that info. Good riddance to both CSW, Ayre and their shitcoin BSV. I hope hey both disappear off the face of the Earth, they are some of the most despicable people I know.

BTW, did something officially happen to BSV? Quickly Googled about it, but nothing came up. Any link to share, for me to read while eating my Ramen noodles? I hope BSV collapses to oblivion, and serve as a hard lesson to all Big Blockers^TM out there.

Well...  It's really just beginning to rot.

1.  CSW  "won" his court case in Florida when the jury decided he ONLY had to play 100mm to the plaintiff.
2.  Similarly his European court cases are being seen by the various courts as frivolous and he is "winning" them similarly to the above (as in NOT winning but still saying he is)
3.  Many of the developers "building" on BSV are meeting the same fate as Elon Moist. There are several on the outs with CSW and CA (proof of centralization)
4.  BSV only has 16 nodes on the chain tip with the most recent version.
5.  Transactions becaome difficult over the holidays because TAAL (the centralized database/miner) went on Holiday (lol)
6.  The BSV Electrum team has begun to warn that people will NOT be able to restore from seed words because no one will be able to run the node soon.
7.  BSV has lost upwards of 93% of it's value against BTC.  The fate of ALL alts, but particularly bad in it's case.

After so many years of the fork projects taking up space and value it is nourishing to the soul to see the market do what it is supposed to do.

[OutOfMemory]

Ants starting to work.
 

Nice fight going on right now... but there are still plenty of sellers, and more coins coming to the exchanges... 

I would REALLY hate to see this do anything more than spike below 30k. But we are going to need some serious firepower to avoid that at this point.  Can happen though... the FED's decision is imminent.

Couldn't "more coins are coming to the exchanges" mean that exchanges actually buy from miners at the bottom?
They have to transfer their corn to their hot/cold wallets, don't they?
Of course it would look like "long time hodlers selling soon"...

Amirite?

[cAPSLOCK]

SO CLOSE to a good little short squeeze???



It would be lovely for us to paint a nice V shaped recovery right here at this higher low...  Do I need to take out a little leveraged short to make that happen?  I have never done that before... hmm.

[AlcoHoDL]

A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.



One more thing.

He STILL hasn't learned his lesson.  Twetch did not fail because of bad PR!  It failed EXACTLY BECAUSE it was anchored to a centralized chain and the centralized actors decided to kick him out, and the market was wise enough to also value the centralized project where it belonged.  But this is just the sort of failure that awaits those who build on a centralized blockchain and then do not stay on the right side of those who control the database...  Twetch did not fail because Calvin likes little girls.  It failed because the idea of writing the entire internet to a blockchain is a retarded.

Asshole still doesn't get it.  (Sorry to any of you WO brothers who still hold out hope for the big chains.)

Nice one, thanks for that info. Good riddance to both CSW, Ayre and their shitcoin BSV. I hope hey both disappear off the face of the Earth, they are some of the most despicable people I know.

BTW, did something officially happen to BSV? Quickly Googled about it, but nothing came up. Any link to share, for me to read while eating my Ramen noodles? I hope BSV collapses to oblivion, and serve as a hard lesson to all Big Blockers^TM out there.

Well...  It's really just beginning to rot.

1.  CSW  "won" his court case in Florida when the jury decided he ONLY had to play 100mm to the plaintiff.
2.  Similarly his European court cases are being seen by the various courts as frivolous and he is "winning" them similarly to the above (as in NOT winning but still saying he is)
3.  Many of the developers "building" on BSV are meeting the same fate as Elon Moist. There are several on the outs with CSW and CA (proof of centralization)
4.  BSV only has 16 nodes on the chain tip with the most recent version.
5.  Transactions becaome difficult over the holidays because TAAL (the centralized database/miner) went on Holiday (lol)
6.  The BSV Electrum team has begun to warn that people will NOT be able to restore from seed words because no one will be able to run the node soon.
7.  BSV has lost upwards of 93% of it's value against BTC.  The fate of ALL alts, but particularly bad in it's case.

After so many years of the fork projects taking up space and value it is nourishing to the soul to see the market do what it is supposed to do.

Awesome, thanks for that compilation.

Indeed, it's so nice to see the market put everyone and everything where they belong. It's just sad that inexperienced users get caught up in the transient period. But it's crystal-clear to those who can see, that the steady-state value of all shitcoins is exactly zero.

[cAPSLOCK]

Ants starting to work.
 

Nice fight going on right now... but there are still plenty of sellers, and more coins coming to the exchanges...  

I would REALLY hate to see this do anything more than spike below 30k. But we are going to need some serious firepower to avoid that at this point.  Can happen though... the FED's decision is imminent.

Couldn't "more coins are coming to the exchanges" mean that exchanges actually buy from miners at the bottom?
They have to transfer their corn to their hot/cold wallets, don't they?
Of course it would look like "long time hodlers selling soon"...

Amirite?

Yeah.  That's true... But retail has not been buying much at all during the last 1-2 years.  And it seems sort of weird for miners to hold out to sell at the exact bottom.

[OutOfMemory]

Ants starting to work.
 

Nice fight going on right now... but there are still plenty of sellers, and more coins coming to the exchanges...  

I would REALLY hate to see this do anything more than spike below 30k. But we are going to need some serious firepower to avoid that at this point.  Can happen though... the FED's decision is imminent.

Couldn't "more coins are coming to the exchanges" mean that exchanges actually buy from miners at the bottom?
They have to transfer their corn to their hot/cold wallets, don't they?
Of course it would look like "long time hodlers selling soon"...

Amirite?

Yeah.  That's true... But retail has not been buying much at all during the last 1-2 years.  And it seems sort of weird for miners to hold out to sell at the exact bottom.

Well, if you sell old corn, it's not really "the bottom"

[ChartBuddy]

Explanation

[cAPSLOCK]

A second leg up in this little run that breaks 35575 decisively would be exactly what we need next.

Just sayin.

*edit* DING!

Now lets take 36100!  COMEON CORN!

[OutOfMemory]

A second leg up in this little run that breaks 35575 decisively would be exactly what we need next.

Just sayin.

I love those times, especially while watching the 1m chart 
Just got online a few minutes before the little run up.

[UnDerDoG81]

Anybody going to sell into this little pump? I see the stock market continues to bleed and worst case is we see a real massive dump coming. I dont know much about the stock markets. But it feels very different this time. Because the stock market pump after the covid crash was massive.

[OutOfMemory]

Anybody going to sell into this little pump? I see the stock market continues to bleed and worst case is we see a real massive dump coming. I dont know much about the stock markets. But it feels very different this time.

There's that stock market crash narrative going round since a few days, too...
(Fire alarm currently in the background - fits perfectly)

Considering to set a few sells on the way up to buy back later, still trying to figure out at which level(s).
Of course only the (tiny) "play stash"...

EDIT: Will this be the "epic bounce" some crypto twitterers were about lately?

[Paashaas]

Modest $3000 relief pump.

[OutOfMemory]

Modest $3000 relief pump.

With good volume and no frightening high sellwalls, yet.
This may get exciting.

[cAPSLOCK]

Anybody going to sell into this little pump? I see the stock market continues to bleed and worst case is we see a real massive dump coming. I dont know much about the stock markets. But it feels very different this time. Because the stock market pump after the covid crash was massive.

The stock market is already sort of pricing in tomorrows expected action... but in reality I think the worst is yet to come (big time) if the FED does indeed raise rates.  And unfortunately a LOT of investors still see Bitcoin as a "tech stock".  So if we get the stockpocalypse then Bitcoin is likely to suffer as well... Just like 3/20.  But in reality that is an incorrect take on the part of the market that does not realize that BTC actually represents safety in times like this.  Not matured to that point, I am afraid.  This is the main drive for another leg down, and then a lower low which would be a pivotal, and sad thing for us...

Interestingly in my opinion the greater risk to Bitcoin would be a mixed blessing...  and that would be governments against the west saying they will use BTC instead of the dollar at the beginning of conflict.  But all arrows point away from that interestingly... With China and Russia at least acting like they want to ban it.

The thing I am most worried about is more geopolitical, but would have serious BTC implications.

1. Demoralize western democracies for 2 years during virus lockdowns.
2. Divide their people against each other.
3. Begin to take away freedoms further demoralizing free countries.
4. Cut off essential chemicals like UREA (fertilizer and Diesel exhaust fluid hurts food production and commerce)
5. Choke trade routes and cause "congestion" at ports
6. Over run their borders with immigration they cannot support.
7. Then crash Western economies on cue by raising interest rates... and delivering a death blow to the bubblicious markets.

Then what do you think they will do?  After weakening the free world and driving them mentally, economically, and materially to the breaking point.

War.

I hope I am wrong.  But if this happens do not make the mistake of thinking the war began in 2022.

Also I am very grateful to live in a republic, and more specifically in one of the USA's states that has worked hard to keep it's ports open, it's borders closed, has encouraged bitcoin miners to come, has had more sensible virus policy, and will most likely remain on the right side as the divided nation comes under further attack.

What all this could do to Bitcoin?  Good grief.  That's a hard nut to crack really.  War does all kinds of surprising things that don't always make sense.