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

[Gachapin]

Seems probable in general, but not so much in this macro environment.
However... what do I know.

A shot of hopium is always nice though.

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[JayJuanGee]

[edited out]

*edit(): Like we are watching you dummy.    

For sure I am starting to feel lil ting-a-lees of lovey-dovey sensations.

How could you do that?

 

So it's Musk's Twitter now.


Even though I often think he is full of shit, it's good to have a Bitcoiner own that huge social network.

I hope he will implement lightning for tips or something rather than using dogshitcoin^tm


We might also see BTC on their balance sheet in the future, like he did with Tesla.


Interesting times

It could be that Elon is a bitcoiner... he has some weird ways of showing it sometimes, and maybe I am just contrasting him to Jack Dorsey, who seems like a genuine bitcoiner rather than a fly by your panties kind of guy (at least in regards to his bitcoin related public stances) that Musk seems to represent with more than half of the internally contradicting ways that he has discussed the matter of bitcoin (does he/Musk even know what it is?).

Even though I often think he is full of shit, it's good to have a Bitcoiner own that huge social network.

Elon Musk is not a "Bitcoiner". Nor a bitcoiner. Just an attention-whoring vacuous dolt who needs his own "special media" site to soothe his narcissism.

I share your characterization of him.
But as far as we know he privately holds Bitcoin (not the Tesla btc), and probably more than most peeps on the WO.

Yeah, he could probably own 0.000001% of his wealth in bitcoin and own more than "most peeps on the WO."

For me a Bitcoiner, or a bitcoiner like you seem to prefer writing it, is someone who privately holds bitcoin.
What's your definition ?

Understanding bitcoin might be helpful.. including publicly appreciating that bitcoin is better than Dogggie coin.. .. also he speaks a lot of nonsense about energy matters related to bitcoin..   Likely many bitcoiners recognize that Elon still is grappling with understanding what the fuck is bitcoin, and maybe he is learning more with the passage of time about bitcoin, and it would be nice to see a wee bit of consistency in his actual ways of talking about bitcoin publicly, if he is even capable of such beyond what suchmoon has already described regarding Elon's own seeming personality deficiencies that might cause him to be unable to express himself clearly in regards to whether he loves(and accepts) King Daddy (as his lord savior) or not.

[Hueristic]

Elian is a narcissist that will fire or ban anyone that disagrees with him as he has proven throughout his career.

[HI-TEC99]

[suchmoon]

I share your characterization of him.
But as far as we know he privately holds Bitcoin (not the Tesla btc)... And probably more than most peeps on the WO.

For me a Bitcoiner (or a bitcoiner like you seem to prefer writing it) is someone who privately holds bitcoin.
What's your definition ?

Fair enough. However I would hesitate to call someone a bitcoiner if they shit on Bitcoin every chance they get, and promote a meme coin as better than Bitcoin, as well as some borderline scammy Doge knock offs. In other words, I don't see how this specific context (Twitter purchase) could be good for Bitcoin. It's probably good for Doge, which is up 20% today.

[Gachapin]

Elian is a narcissist that will fire or ban anyone that disagrees with him as he has proven throughout his career.

jep!


Coming back to the question "who is a bitcoiner?"  I really would love to know how everybody in the WO thinks about that expression, or better how everybody defines it in measurable terms.

[Gachapin]

I share your characterization of him.
But as far as we know he privately holds Bitcoin (not the Tesla btc)... And probably more than most peeps on the WO.

For me a Bitcoiner (or a bitcoiner like you seem to prefer writing it) is someone who privately holds bitcoin.
What's your definition ?

Fair enough. However I would hesitate to call someone a bitcoiner if they shit on Bitcoin every chance they get, and promote a meme coin as better than Bitcoin, as well as some borderline scammy Doge knock offs. In other words, I don't see how this specific context (Twitter purchase) could be good for Bitcoin. It's probably good for Doge, which is up 20% today.

More and more companies will acquire BTC sooner or later anyways. But with Musk as the new owner the chance of "sooner" for Twitter has increased, I think.

At least he made Tesla buy quite a bunch of BTC quite early.  ...I guess Alpha-Saylor convinced him. So he seems to know how to learn from people who are more intelligent than him.

Big companies buying up supply is not really a bad thing in my eyes.



And the chance of Twitter implementing Bitcoin or a shitcoin into their network has probably increased as well.

That could widen the user base of the BTC network / lightning quite dramatically. Even if they only implement a shitcoin, it will bring many more newbies to the shitcoin and also bitcoin market.

[AlcoHoDL]

Elian is a narcissist that will fire or ban anyone that disagrees with him as he has proven throughout his career.

jep!

Coming back to the question "who is a bitcoiner?"  I really would love to know how everybody in the WO thinks about that expression, or better how everybody defines it in measurable terms.

What I think the fellow WOers are trying to say is that to be a "true Bitcoiner" is not to merely own loads of it, but to also (and most importantly) demonstrate an understanding of its core principles and the problem it solves, and to use everything in your power to support and promote Bitcoin every chance you get. Owning 50k BTC and at the same time promoting DOGE and removing Bitcoin payments from Tesla's shop because of environmental concerns, shows that 1. you don't get how Bitcoin works and where it draws its value, 2. you believe the misinformation that Greta and her team of EU "experts" are trying to feed to the ignorant public about Bitcoin's power consumption, or 3. you have some hidden agenda/goal and you use your power to achieve said goal, which may not necessarily be in the best interests of Bitcoin. That's excluding the ASD/narcissism aspect.

I have some friends whom I've introduced to Bitcoin, and some of them have ended up owning varying amounts of BTC. From our discussions, I'm often disappointed to see that they haven't got a freaking clue about what Bitcoin really is and how it benefits mankind. They're just in it for the quick profits. I don't think I would call them "true Bitcoiners"...

tl;dr: Simply owning BTC doesn't make you a "true Bitcoiner", just like owning a Picasso doesn't make you a "true art lover".

[HI-TEC99]

$40000!

[ChartBuddy]

Explanation

[Gachapin]

I have some friends whom I've introduced to Bitcoin, and some of them have ended up owning varying amounts of BTC. From our discussions, I often see that they haven't got a freaking clue about what Bitcoin really is and how it benefits mankind. They're just in it for the quick profits. I don't think I would call them "true Bitcoiners"...

I have the same experience with people I meet.


However, I must say I was a very slow learner myself, when it comes to Bitcoin.

Owned it the first 2-3 years without knowing much of it, other than that it's a digital form of money.  
(In my defense there was less info around compared to nowadays.)

I even thought it's maybe rather a ponzi than something serious. (I'm no guy who could have checked the code)


So I tend to be very generous with younger holders, because I know for some of us it can take quite a long time to get it. Especially if you are a busy person.


I'm happy every time I meet people who used their own money to get some BTC.  So I don't check for their character, knowledge or intentions, but just crown them with the term bitcoiner.

That being said within my bitcoiner heart I absolutely agree with your definition.
I probably just don't like being too harsh on newcomers, because I'm happy that they came. Even if it's annoying Mr Musk...

[danadc]

Hi guys,

This article seems to me that it is a way to do that people who read it and are not very clear about their conviction will make them sell for panic:

The pseudonymous trader known as Kaleo tells his 478,000 Twitter followers that Bitcoin is on its way to retesting the lows last seen in mid-2021.

Zooming in to the lower timeframe, the trader says that a break of $38,500 in the next several days could be the trigger that sends Bitcoin on its next leg lower, and a spike above $41,000 won’t do much to change the circumstances.

Source: https://dailyhodl.com/2022/04/25/top-trader-issues-warning-to-bitcoin-bulls-says-another-leg-down-for-btc-approaching/

Although it is a very possible scenario to pass, we must bear in mind that this can be a news that causes some FUD, although we can convert it into an advantage at the time the others sell to take advantage and buy.


How do I like to see all the views in Cointelegraph have another approach:

Data from Cointelegraph Markets Pro and TradingView shows that after dropping as low as $38,210 in the opening trading hours on Monday, Bitcoin (BTC) price staged a 5.72% rally to hit an intraday high at $40,366 as news of Twitter's sale spread across news outlets.

And something that left me confused is that according to this analyst he says he is in a phase of accumulation


From all this I keep what Whalemap says, which is not over yet, it can be a correction that is not over:



Source: https://cointelegraph.com/news/bitcoin-hits-40k-investors-pump-dogecoin-doge-after-musk-confirms-twitter-purchase

I keep the teaching that both analyzes coincide at certain points, but that a distribution phase does not see it considerable.

[Copetech]

Elian is a narcissist that will fire or ban anyone that disagrees with him as he has proven throughout his career.

jep!

Coming back to the question "who is a bitcoiner?"  I really would love to know how everybody in the WO thinks about that expression, or better how everybody defines it in measurable terms.

What I think the fellow WOers are trying to say is that to be a "true Bitcoiner" is not to merely own loads of it, but to also (and most importantly) demonstrate an understanding of its core principles and the problem it solves, and to use everything in your power to support and promote Bitcoin every chance you get. Owning 50k BTC and at the same time promoting DOGE and removing Bitcoin payments from Tesla's shop because of environmental concerns, shows that 1. you don't get how Bitcoin works and where it draws its value, 2. you believe the misinformation that Greta and her team of EU "experts" are trying to feed to the ignorant public about Bitcoin's power consumption, or 3. you have some hidden interest and you use your power to achieve said interest, which may not necessarily be in the best interests of Bitcoin. That's excluding the ASD/narcissism aspect.

I have some friends whom I've introduced to Bitcoin, and some of them have ended up owning varying amounts of BTC. From our discussions, I'm often disappointed to see that they haven't got a freaking clue about what Bitcoin really is and how it benefits mankind. They're just in it for the quick profits. I don't think I would call them "true Bitcoiners"...

tl;dr: Simply owning BTC doesn't make you a "true Bitcoiner", just like owning a Picasso doesn't make you a "true art lover".

Personally, I think you conflate the terms "Bitcoiner" and "Bitcoin Maximalist". I believe that once you start collecting BTC you are a Bitcoiner, but with some level of intelligence and a modicum of basic research, , that should lead most to the the Maximalist conclusion..

If you drive a car you're a driver... but not until you start buying your own tools, doing your own tune ups, and craving more muscle/speed do you become a car enthusiast.

Just my opinion, to each his own.

[Gachapin]

Elian is a narcissist that will fire or ban anyone that disagrees with him as he has proven throughout his career.

jep!

Coming back to the question "who is a bitcoiner?"  I really would love to know how everybody in the WO thinks about that expression, or better how everybody defines it in measurable terms.

What I think the fellow WOers are trying to say is that to be a "true Bitcoiner" is not to merely own loads of it, but to also (and most importantly) demonstrate an understanding of its core principles and the problem it solves, and to use everything in your power to support and promote Bitcoin every chance you get. Owning 50k BTC and at the same time promoting DOGE and removing Bitcoin payments from Tesla's shop because of environmental concerns, shows that 1. you don't get how Bitcoin works and where it draws its value, 2. you believe the misinformation that Greta and her team of EU "experts" are trying to feed to the ignorant public about Bitcoin's power consumption, or 3. you have some hidden interest and you use your power to achieve said interest, which may not necessarily be in the best interests of Bitcoin. That's excluding the ASD/narcissism aspect.

I have some friends whom I've introduced to Bitcoin, and some of them have ended up owning varying amounts of BTC. From our discussions, I'm often disappointed to see that they haven't got a freaking clue about what Bitcoin really is and how it benefits mankind. They're just in it for the quick profits. I don't think I would call them "true Bitcoiners"...

tl;dr: Simply owning BTC doesn't make you a "true Bitcoiner", just like owning a Picasso doesn't make you a "true art lover".

Personally, I think you conflate the terms "Bitcoiner" and "Bitcoin Maximalist". I believe that once you start collecting BTC you are a Bitcoiner, but with some level of intelligence and a modicum of basic research, , that should lead most to the the Maximalist conclusion..

If you drive a car you're a driver... but not until you start buying your own tools, doing your own tune ups, and craving more muscle/speed do you become a car enthusiast.

Just my opinion, to each his own.

good point

[cAPSLOCK]

I am not sure what Elon's actual position on Bitcoin is.

There is the Doge red flag.  And at the same time I cannot imagine he has been without some tutelage.  Someone must have helped him understand the reason putting everything on the base layer is not a real possibility without centralization.  you know... the thing that Hal Finney got in 2010.

So taking this down Binary paths:

He has not realized that basic fact for L1  - then he is either a moron (unlikely) or arrogantly unteachable (quite possible).

He HAS realized that but either does not care, or wants the centralization which makes him evil.

He HAS realized it but is being very careful about what he promotes after having wrecked a bunch of his acolytes.

Between Jack, and Saylor it's hard to imagine they have not talked about it with him, and explained why scaling in layers is the optimal solution.  And also why Doge is probably doomed even worse than Bitcoin when it comes to bloat.  I also think there is a sincere chance he actually believes the "inflation is needed for velocity.  And he does not know that Bitcoin has solved this by reducing technical friction so much that we will see spending simply because of that.

So we will get to see which one of those categories he is in.  To be honest I would not place a bet for any of it yet.  And I pride myself in being a good people reader, and troubleshooter.  It is very hard to tell with him.  I do get the sense he isa bit of a narcissist.  And is also on the spectrum somewhat.  But he also seems to be an idealist.  It will be instructive to see what he does with twitter, and as we move forward with crypto.

I say "crypto" because I would be surprised if he did not do more things to support Doge, sadly.  Even if he has seen the light with BTC, I would expect a high possibility that he would try to make something good out of the giant mess he's made with Doge.  It would be better if he just stopped playing, but I think this is unlikely.

[AlcoHoDL]

[...]

If you drive a car you're a driver...

[...]

Yes, you're a driver, but not a car lover. I guess that's what I meant with my "true Bitconer" term. You can call it "Bitcoin maximalism" if you wish, but still I cannot call my greedy friends mentioned in my previous post "true Bitcoiners". It just doesn't seem right to me.

I see your points though, and we agree on substance. The differences are in semantics really.

[Richy_T]

[ChartBuddy]

Explanation

[AlcoHoDL]

I am not sure what Elon's actual position on Bitcoin is.

There is the Doge red flag.  And at the same time I cannot imagine he has been without some tutelage.  Someone must have helped him understand the reason putting everything on the base layer is not a real possibility without centralization.  you know... the thing that Hal Finney got in 2010.

So taking this down Binary paths:

He has not realized that basic fact for L1  - then he is either a moron (unlikely) or arrogantly unteachable (quite possible).

He HAS realized that but either does not care, or wants the centralization which makes him evil.

He HAS realized it but is being very careful about what he promotes after having wrecked a bunch of his acolytes.

Between Jack, and Saylor it's hard to imagine they have not talked about it with him, and explained why scaling in layers is the optimal solution.  And also why Doge is probably doomed even worse than Bitcoin when it comes to bloat.  I also think there is a sincere chance he actually believes the "inflation is needed for velocity.  And he does not know that Bitcoin has solved this by reducing technical friction so much that we will see spending simply because of that.

So we will get to see which one of those categories he is in.  To be honest I would not place a bet for any of it yet.  And I pride myself in being a good people reader, and troubleshooter.  It is very hard to tell with him.  I do get the sense he isa bit of a narcissist.  And is also on the spectrum somewhat.  But he also seems to be an idealist.  It will be instructive to see what he does with twitter, and as we move forward with crypto.

I say "crypto" because I would be surprised if he did not do more things to support Doge, sadly.  Even if he has seen the light with BTC, I would expect a high possibility that he would try to make something good out of the giant mess he's made with Doge.  It would be better if he just stopped playing, but I think this is unlikely.

I also can't make up my mind about Elon. I used to be a big fan, and, in a way, I still (want to) like him. Part of him at least. The idealist in him, with his rockets trying to conquer space, and his Teslas innovating how we drive. Out of the many talented engineers I've met in my professional life, I'd say that, to truly excel in engineering and science, moderate levels of ASD, OCD, and a good deal of perfectionism can be beneficial. You have to really care about the little details. I don't know where Elon stands in all this, but part of me wants to like him. His behavior and actions last year, with the tweet-farts, the DOGE stuff, and the removal of Bitcoin from his Tesla shop were all disappointing events, and certainly not "true Bitcoiner" material in my book.

Edit: text enrichment, clarifications.

[HI-TEC99]