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

[DaRude]

UK inflation now at 7.25%

Bank of England raises interest rates 0.25% today

Average household income declining at the fastest rate since 1990.



Andrew Bailey (Governor of the Bank of England): "What we can do is try to prevent inflation spreading, stop inflation becoming more engrained in the system".

BBC reporter: "Are you trying to get inside people’s heads and ask them not to ask for too high a pay rise?

Andrew Bailey: "Broadly, yes.

BBC reporter: "Really?"

Andrew Bailey: "Yes, in the sense of saying we do need to see a moderation in wage rises. Now that’s painful."



So now we have the Bank of England not even mentioning their rampant money printing as a driver of inflation, now trying to persuade people not to ask for pay rises even though their cost of living is spiraling whilst their incomes decline in real terms. In other words, "yes it's painful but the people need to suffer this pain while we stealth tax them through inflation, in order to prevent runaway inflation. Suck it up."

(*you can replace Bank of England with any other central bank of your choosing. The narrative is the same).

They're losing control of the monster they've created. Fuck this system. Buy Bitcoin.

Sauce it up
https://www.bbc.com/news/av/business-60254719

Ahh so its those evil workers that ask for more money from their corporate overlords to lessen the reduction in their buying power, that are causing the inflation? Think i got it right

[vapourminer]

where proudhon?

[Biodom]

If there was no bubble, i am not sure why everybody expects 80-85% decline?
This is kind of awkward and does not make much sense to me.
Can we still go lower than 200wk average (~19K and rising)?
Yes, but only maybe in a war or general depression situation, imho.

[fillippone]

Mate, you are just drawing lines.. what pattern can you see, i see a triangle with a missing side, one pair of red chopsticks, one shorter pair of red chopsticks.

You are just drawing lines to fit your narrative..

[ChartBuddy]

Explanation

[cAPSLOCK]

I don't know if we are ever going to be rid of this. I just don't.

[jojo69]

[ChartBuddy]

Explanation

[Biodom]

Market..running like a headless chicken (OMG, facebook...facebook)
Bitcoin: that funny Decaprio meme

[ChartBuddy]

Explanation

[hisslyness]

Quick bit of advice.  Go ahead and get the big RPi.  The 4gig?  (or is there a bigger one yet?)  The extra memory makes the initial chain validation process much faster.  You want a good strong power supply, and a good energy efficient SSD (and though 1g is fine for now... I would almost say just get the 2 so you don't have that hanging over you eventually... I dunno...).  Some external SSDs (like the M.2 in a little case kinds) are power hogs, but the little usually rectangular ordinary ones tend to be power sippers.  And you most likely want some decent cooling for the little thing.  They do not run badly under normal load... but during sync and other operations these little suckers get pretty dang hot.

I ordered the 8gig raspi and the original power supply, as well as the recommended raspi case - just as suggested on the Umbrel site. The SSD is 1G, their suggestion too. I suppose I should be good to go.

and make sure you backup your channel state and keep a backup of your seed... can't stress how important it is, especially dealing with. ssd drives...

That's a good one, thanks. I'll see to that. I'll install rsync on the raspi (if not already there) and add a crontab entry to backup daily, or even more frequently.

Also, it may be worth it to try and have both a ClearNet and TOR.

Currently i have 7 Channels down over 14,000,000 SATs offline, as i need the TOR client to re-establish to me.

Do let us know when you are ready! I have 5,000,000 SAT allocated for a channel to you. Some inbound liquidity to get you going.

[hisslyness]

I don't know if we are ever going to be rid of this. I just don't.

Don't waste your time!... Better off talking to a brick wall!..

[hisslyness]

You are just drawing lines to fit your narrative..

Indeed. Ignore if you have problem with it. It's a forum, not your personal inbox.
Also, It's a chart, not a d*ck. Don't take it hard.

That right is is a public forum, not your personal inbox, expect comments and feedback...

Also, It's "chopsticks", not a d*ck. Don't take it hard.

[ImThour]

That right is is a public forum, not your personal inbox, expect comments and feedback...
Also, It's "chopsticks", not a d*ck. Don't take it hard.

It's like I am arguing with a 5 year old who just Copy and pastes the same thing.
No more replies to you. Have a good day/night.

EDIT: Anyone who has problem with my Charts, kindly press the Ignore button under my avatar. Calling a trendline chop sticks won't be considered a feedback. I know some people support it however they are not very vocal about it but it's okay. I appreciate good feedback like JJG gave me but replying crap which makes no sense at all is kinda useless. I will keep posting what I got in my mind, cheers.

[cAPSLOCK]

Quick bit of advice.  Go ahead and get the big RPi.  The 4gig?  (or is there a bigger one yet?)  The extra memory makes the initial chain validation process much faster.  You want a good strong power supply, and a good energy efficient SSD (and though 1g is fine for now... I would almost say just get the 2 so you don't have that hanging over you eventually... I dunno...).  Some external SSDs (like the M.2 in a little case kinds) are power hogs, but the little usually rectangular ordinary ones tend to be power sippers.  And you most likely want some decent cooling for the little thing.  They do not run badly under normal load... but during sync and other operations these little suckers get pretty dang hot.

I ordered the 8gig raspi and the original power supply, as well as the recommended raspi case - just as suggested on the Umbrel site. The SSD is 1G, their suggestion too. I suppose I should be good to go.

and make sure you backup your channel state and keep a backup of your seed... can't stress how important it is, especially dealing with. ssd drives...

That's a good one, thanks. I'll see to that. I'll install rsync on the raspi (if not already there) and add a crontab entry to backup daily, or even more frequently.

Also, it may be worth it to try and have both a ClearNet and TOR.

Currently i have 7 Channels down over 14,000,000 SATs offline, as i need the TOR client to re-establish to me.

Do let us know when you are ready! I have 5,000,000 SAT allocated for a channel to you. Some inbound liquidity to get you going.

Here here!  And I will open a channel for you as well.  I would gladly do a max liquidity incoming channel if you want it... I think 0.16BTC?

Sadly I had a bad situation with my c-lightning node.  I run two, an LND and a c-lightning.  The latter has an issue where it becomes unreachable after some sort of log file leak.  All it takes is a quick reboot to fix it, anbd it is good for weeks after that, but I got sidetracked by life ans several channels force closed.  Meh.  So I am either going to just move the rest of the channels to mt LND node, or at least put those back up... Anyway I have a little pile of sats sitting in the holding tank because of it!

(In fact if anyone here force closed with "jeed" let me know, I will gladly open it back up... I am not sure what dropped lol)

[ChartBuddy]

Explanation

[ImThour]

1, 2, and 4 exist in the staff forum. 3 was permanently deleted at some point (it must have contained Satoshi's real name and address).

I have never seen this post in my life. The post #3 on bitcointalk contained Satoshi's Real name and his address.
That post was in Staff Forum. Maybe sirius knows who he is  

[d_eddie]

@hisslyness, @cAPSLOCK

Wow, that would be quite a headstart! Your kind offer is gratefully appreciated.
Amazon says it will take a few days to get all the stuff: some items are backordered.
After that, my first free half day will be dedicated to installation and configuration.

[ChartBuddy]

Explanation

[JayJuanGee]

BTC Major Chart Patterns Since 2013
According to this, we will touch the support @ 30-31k and will make a major breakout this run.

Fair enough that you identify various patterns, but I doubt that they create any kind of certainty regarding certain price points that "have to be touched" - such as down before up or that even our current bottom of $32,951 is not the end of the down before up.

I am NOT saying that I know, but I am saying that you still are proclaiming way too much certainty in your language regarding king daddy price movements that you believe have to happen.

You are not even the ONLY one in this thread who remains too stubborn to even address my hypothetical regarding how much UP do you need to see before you are ready, willing and able to proclaim that the "bottom is in."

I swear these EthTards just can't code!

I wouldn't be so harsh on them. Given the massive incentives for them to get "hacked", some of them can probably code well enough to implement subtle bug-shaped backdoors.

Rrrrrriiiiiiiiiggggggghhhhhhtttttttt.

It's not their fault that they are tempted by the incentives... ... so in that regard, you did make your point that they are probably not NOT capable, but instead cannot resist taking other people's money (if that was meant to be part of your point?).