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

[cAPSLOCK]

https://twitter.com/DocumentingBTC/status/1487531793804926981

Looking at this from the reverse view, I remember a young guy posted here a long time ago that he had sold a house he had inherited from his father and bought bitcoin with all the proceeds. I think the BTC price might have been $300 at the time. I often wonder if he held on long term to his coins. Which would now buy him an entire street of 100 houses or more.
At the time many here were saying he was crazy to risk all of his fathers lifetimes work, while others - who had a good inkling of where the coin was heading - applauded and encouraged the young guy.

I have been around a minute.  My guess is the majority of early holders have sold.  Quite a few I'd say.  A few of them went on to make a killing in ETH and other emergent alts.  MANY of them lost most of their stack with alts.  An elite few (some of them here) went on to bolster their stack via trading, but most traders lost, of course.  And some, a minority in my humble opinion, have held through into the years.  I am proud to be among those, though what I DID NOT do is ever buy enough lol.  Duh.

Some proudhons.. erm, I mean people, did sell a lot, but had so much they were still in pretty good shape.  I think that probably a majority of the "winners" are in this category.

I remember Laszlo posting a picture of a couple pizzas he bought on Pizza day what was is... 17? 18?  I am not sure... But the fun part is look at his house in the background... looks new.  Looks like it's pretty fancy.

[1713908133]

1713908133

[1713908133]

1713908133

[1713908133]

1713908133

[1713908133]

1713908133

[Richy_T]

Speaking of Lightning, when will it get mainstream? I mean, yesterday I wanted to pay for a Discord nitro which costed $4 and the guy didn't even know what Lightning is. 

Yes. I paid on-chain...

Have you not been paying attention?

18 months.

[ChartBuddy]

Explanation

[Richy_T]

THE SOLAR is what my partners and I do.

Anyone that understands what you are showing knows that all anti BTC info in terms of power wasted is a lie.

Leaved un repaired holes in the ground for more than a century was a huge incentive for coal mining.

instead of that build solar fields with proper incentives if they mine 50% and sell power to the grid 50%

problems solved.

Meh, kind-of a red herring. Those holes can be repaired and can end up looking like pristine countryside within a couple of decades. Then there's also the fact that your solar panels require minerals that need mining.

Not that I'm against solar. I'm just a cynic.

[sirazimuth]

..... but I thought he was talking about the display case rather than the coin itself. .....

Correct, I should have mentioned that it is indeed an issue with the steel housing case I made. Not the actual coin in capsule that I did not make.
Programming error in layout. I suppose if you don't make a certain assumption on proper placement
of the circular pocket in relation to the steel perimeter, there is no issue.
Also the photo not being a perfect top view might also not make the error apparent.
Have I given the answer away yet?

... In which case I would point to the appearance of a chip in the middle of the front edge.

That's not a chip. It's an M3 threaded hole to accept a set screw that captivates the capsuled coin.

[nanobtc]

Looking at this from the reverse view, I remember a young guy posted here a long time ago that he had sold a house he had inherited from his father and bought bitcoin with all the proceeds. I think the BTC price might have been $300 at the time. I often wonder if he held on long term to his coins. Which would now buy him an entire street of 100 houses or more.
At the time many here were saying he was crazy to risk all of his fathers lifetimes work, while others - who had a good inkling of where the coin was heading - applauded and encouraged the young guy.

I remember that guy. It was not a 'childhood home' for him. He was so dubious sounding about it all, I wouldn't be surprised if he sold. I haven't looked it up.

[Arriemoller]

Full storm outside, I guess it blew in from the UK, our weather usually does, did you have a storm yesterday LFC?
Anyhow, I'm gonna go for a short walk in the storm now.

Yeah, I had nothing else.

[Arriemoller]

Forgot to say, I like storms.

[OutOfMemory]

..... but I thought he was talking about the display case rather than the coin itself. .....

Correct, I should have mentioned that it is indeed an issue with the steel housing case I made. Not the actual coin in capsule that I did not make.
Programming error in layout. I suppose if you don't make a certain assumption on proper placement
of the circular pocket in relation to the steel perimeter, there is no issue.
Also the photo not being a perfect top view might also not make the error apparent.
Have I given the answer away yet?

You don't mean the placement of the pocket is off center (vertically)?
Barely noticeable. But what's that dent/chip on the upper lefr corner rounding on the first photo, with the coin pocket is facing upwards? Just a reflection?

Forgot to say, I like storms.

We had storms aound here, but not so strong ones, followed by a day/night full of gusts. Wednesday/Thursday, so likely unrelated.
I love thunderstorms. I was teaching my kids to ecstatically scream "flash" after every lightning, followed by a growling-like "thunder" when the roll came in.
None of them was ever frightened by thunderstorms, they were used to enjoy them. When they woke up in the night because of thunder, some of them had complained about the loudness, but only sometimes.

[Richy_T]

Also the photo not being a perfect top view might also not make the error apparent.

There's like a dent where the top left-radius meets the top. I figured that might just be an illusion of perspective though.

[philipma1957]

THE SOLAR is what my partners and I do.

Anyone that understands what you are showing knows that all anti BTC info in terms of power wasted is a lie.

Leaved un repaired holes in the ground for more than a century was a huge incentive for coal mining.

instead of that build solar fields with proper incentives if they mine 50% and sell power to the grid 50%

problems solved.

Meh, kind-of a red herring. Those holes can be repaired and can end up looking like pristine countryside within a couple of decades. Then there's also the fact that your solar panels require minerals that need mining.

Not that I'm against solar. I'm just a cynic.

Yeah of course they can be fixed but they are not and that is a subsidy.

If all the filth and holes left in the world had been fixed as they dug coal would have not been cheap.

Coal is not that cheap. Millions of acres have been pillaged world wide with zero spent on repair.


Mean while putting an acre of panels on an empty roof not only clean air it creates more restate.

Most people are  clueless about the feasabilty of solar vs coal.

Notice I do not say dump oil and or gas. 

I am in favor of proper oil and natural gas use.

Even coal is okay if utilized properly buy unfortunately it is not used correctly.

[STT]

Looking at this from the reverse view, I remember a young guy posted here a long time ago that he had sold a house he had inherited from his father and bought bitcoin with all the proceeds. I think the BTC price might have been $300 at the time. I often wonder if he held on long term to his coins. Which would now buy him an entire street of 100 houses or more.
At the time many here were saying he was crazy to risk all of his fathers lifetimes work, while others - who had a good inkling of where the coin was heading - applauded and encouraged the young guy.

I remember that guy. It was not a 'childhood home' for him. He was so dubious sounding about it all, I wouldn't be surprised if he sold. I haven't looked it up.

Unfortunately his thread got locked and it was still being updated by the OP.   We should probably have something besides plain lock, limited access by the people who originally posted on the first page or similar.  I'd like his update if he was still around but I dont have that one bookmarked to know if he is active, I'm fairly sure Im right in remembering he would occasionally come back and say he had continued to hold and it was a 2nd house left in a will yep.
  It was in a newspaper at the time right, maybe a reporter will chase it up.  They always mention the person who buried his old hard disk, literally every rally that dude pops up.


BTC is about upto a downtrend for the last month or so, the pattern of lower highs since the ATH.  If we can maintain 40k in the next week and confirm that as a low in some way then that trend of declining highs each week will be broken and I expect a proper rally to at least the 50 day average or 50 week near 50k ;  we've only really been having waves back and forth that resolve downwards again.
  50 week moving average is now pacing lower each week (slightly) but 200 day is still moving upwards, they do vary some I think because 200 day is more inclusive of weekend action.

[not to be the negative guy but at least some would have voted 40k had it been included on the poll, such is the gloom of negative sentiment]

[OutOfMemory]

If $33k already was the "capitulation", it was reached pretty early. Uncomfirmed, yet showing noticeable sell volume.
Feels bullish somehow.
Have a good #hodlsleep.

[sirazimuth]

........

You don't mean the placement of the pocket is off center (vertically)?
.......

Off center.... correct! ....But in reality, its offset about 2 mm in the X-axis (horizontal), not the Y. But without that top view I can see that it does appear off in the Y.

........

Barely noticeable. But what's that dent/chip on the upper lefr corner rounding on the first photo, with the coin pocket is facing upwards? Just a reflection?
.......

Ha! I forgot about that and didn't even notice it showed in photo till you mentioned it.
Indeed another fubar.
And I didn't make a big enough chamfer to clean it up.

[IntroVert]

Looking at this from the reverse view, I remember a young guy posted here a long time ago that he had sold a house he had inherited from his father and bought bitcoin with all the proceeds. I think the BTC price might have been $300 at the time. I often wonder if he held on long term to his coins. Which would now buy him an entire street of 100 houses or more.
At the time many here were saying he was crazy to risk all of his fathers lifetimes work, while others - who had a good inkling of where the coin was heading - applauded and encouraged the young guy.

I remember that guy. It was not a 'childhood home' for him. He was so dubious sounding about it all, I wouldn't be surprised if he sold. I haven't looked it up.

I know that Elwar sold his house for bitcoin around that time. Not sure about the origins of the house.

[OutOfMemory]

........

You don't mean the placement of the pocket is off center (vertically)?
.......

Off center.... correct! ....But in reality, its offset about 2 mm in the X-axis (horizontal), not the Y. But without that top view I can see that it does appear off in the Y.

........

Barely noticeable. But what's that dent/chip on the upper lefr corner rounding on the first photo, with the coin pocket is facing upwards? Just a reflection?
.......

Ha! I forgot about that and didn't even notice it showed in photo till you mentioned it.
Indeed another fubar.
And I didn't make a big enough chamfer to clean it up.

Still looks pretty elegant. Cool, solid, dark metal.
A bit like Bitcoin itself:
Cool, solid and also used on the darknet  

Good night!

[ChartBuddy]

Explanation

[cAPSLOCK]

........

You don't mean the placement of the pocket is off center (vertically)?
.......

Off center.... correct! ....But in reality, its offset about 2 mm in the X-axis (horizontal), not the Y. But without that top view I can see that it does appear off in the Y.

........

Barely noticeable. But what's that dent/chip on the upper lefr corner rounding on the first photo, with the coin pocket is facing upwards? Just a reflection?
.......

Ha! I forgot about that and didn't even notice it showed in photo till you mentioned it.
Indeed another fubar.
And I didn't make a big enough chamfer to clean it up.

I understand you are talking about the case, and not the coin... BUT!

One of these things is not like the others...

[ChartBuddy]

Explanation

[Copetech]

........

You don't mean the placement of the pocket is off center (vertically)?
.......

Off center.... correct! ....But in reality, its offset about 2 mm in the X-axis (horizontal), not the Y. But without that top view I can see that it does appear off in the Y.

........

Barely noticeable. But what's that dent/chip on the upper lefr corner rounding on the first photo, with the coin pocket is facing upwards? Just a reflection?
.......

Ha! I forgot about that and didn't even notice it showed in photo till you mentioned it.
Indeed another fubar.
And I didn't make a big enough chamfer to clean it up.

I understand you are talking about the case, and not the coin... BUT!

One of these things is not like the others...

OCD Was Invoked...
Jest Sayin'...