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

[JayJuanGee]

Checking the 15 minute chart, looks like a dead cat without the bounce part, it just died.

The BIP 119 ordeal doesn't help either. I'm against smart contracts support in Bitcoin, don't want Bitcoin turning into Ethereum with all that entails. I'm fairly optimistic BIP 119 will be rejected eventually, but it's going to get worse before it gets better.

As of writing this Bitcoin fell off another cliff, from mid 36k down towards 35k USD.

I'm with you modrobert...

BIP 119 has some potentially problematic aspects that have not quite been figured out and/or discussed, and at least the proponent has backed off of his original assertion that such BIP is worthy of fast-track considerations...

BIP119 was presented as something straightforward, simple and ONLY with upsides, yet it may well be a mechanism that would screw up our current transaction incentives within bitcoin in such a way that would end up causing it to potentially serve as an attack vector..

It is seeming as if it may well be better to put those covenants/smart contracts on second or third layer of bitcoin rather than on the base layer.

Guy Swan discussed the matter of potentially screwing up incentives in his podcast from a few days ago.

[Hueristic]

I agree with the sentiment, but WS numbers cannot be accurate for the area as a whole.
Last week some "vitrual' land sale basically broke cough-eth-cough for a day.
Fees alone were more than $100mil.
I did not partake, but saw the info on the interwebs.
I have no interest in pic NFTs whatsoever.

Punters are drying up, that one huge tweet was supposed to go for 48million got a $280 bid. LMFAO

Crypto investor Sina Estavi was known to have bought Twitter founder Jack Dorsey’s first-ever tweet NFT for $2.9 million USD last year. Just last week, Estavi listed the NFT for sale at $48 million USD.

https://hypebeast.com/2022/4/jack-dorsey-first-tweet-nft-flops-after-48-million-usd-resale-top-bid-280-usd-report

Idiot paid 2.9 Mil for it last year.

Its starting to dawn on them all they bought literal shit and it will be a race to the bottom.

Just like the "pump" part of a typical crypto pump-and-dump scheme, the NFT scammers start off the scam "pumping" some NFTs by actually buying them with real money, real tens of thousands or even millions of $$$. Why? Cost of running the scam: to sow the seeds of FOMO. To make the participants think that NFTs really have value, that someone else is willing to pay big money for. What's a few million spent on an NFT here or there in the beginning, when you can sell hundreds or thousands of other NFTs for tens of millions more $$$ once the FOMO starts rolling?

That's how all these PnD scams work. It's that ol' saying, "Perception is nine tenths of reality". Fake [the market] until you make [the market]. Once you make the market, leave the poor bagholders holding a bunch of worthless junk, while you leave it behind with millions in profit.

They are doing the same bullshit tactics with Metaverse properties right now. Same scam, just a different medium.

With this shit there isn't even a cost involved as they are starting off selling this shit to themselves for the initial pump and the plebs are falling for it hook line and sinker.

I'm amazed in this day and age the human race is literally this fucking retarded.

[Hueristic]

Checking the 15 minute chart, looks like a dead cat without the bounce part, it just died.

The BIP 119 ordeal doesn't help either. I'm against smart contracts support in Bitcoin, don't want Bitcoin turning into Ethereum with all that entails. I'm fairly optimistic BIP 119 will be rejected eventually, but it's going to get worse before it gets better.

As of writing this Bitcoin fell off another cliff, from mid 36k down towards 35k USD.

I'm with you modrobert...

BIP 119 has some potentially problematic aspects that have not quite been figured out and/or discussed, and at least the proponent has backed off of his original assertion that such BIP is worthy of fast-track considerations...

BIP119 was presented as something straightforward, simple and ONLY with upsides, yet it may well be a mechanism that would screw up our current transaction incentives within bitcoin in such a way that would end up causing it to potentially serve as an attack vector..

It is seeming as if it may well be better to put those covenants/smart contracts on second or third layer of bitcoin rather than on the base layer.

Guy Swan discussed the matter of potentially screwing up incentives in his podcast from a few days ago.

Yeah, we cant put fungibility on the base layer but sure lets throw a attack vector on there so the scammers can run shitcoin P&D's all day.

[ChartBuddy]

Explanation

[Blue King]

Bitcoin 2015 and 2022..

[Gachapin]

Bitcoin has many enemies: shitcoiners (openly cRipple org, and others) and of course tptb.

I would not be surprised in any form, if they attacked BTC by trying to push actually dangerous "BIPs".

[ChartBuddy]

Explanation

[HI-TEC99]

Huge red dildo, dammit...  

We might get a green dildo next. Dildos come in both colors.

these would be very nice in brass.

Just think of all the brass balls your car would have.

@nohomo

Admittedly, historically, I have purchased various types of after factory (gotta be careful with OPsec, here) valve stem covers, and even if those green and red plastic ones are somewhat novel and provocative, I have seen green and red tastefully (not that having penises would be exactly tasteful) presented within a aluminum form factor. .. I agree brass would be nice too... but then I doubt that brass can be done in green or red - and that would be o.k... too.. for sure, having balls is also  better thing - especially if the item in question is presenting as male.. (cough cough.. all bulls should have balls, even if they are make believe bulls, otherwise by definition, it is not a bull.. and what's wrong with bulls, anyhow?.. we against bulls?  or only certain kinds of bulls?  I am against ball-less creatures claiming to be bulls - just saying)

I agree, this robo-crypto bull statue has no balls, but Wall Street’s bronze version has. Even the sculptor says it should have balls.




https://www.forbes.com/sites/abrambrown/2022/04/08/miami-crypto-robo-bull-bitcoin-statue/?sh=3c50f0b678e9

Furio Tedeschi cares not a whit about the criticism heaped on his robo-crypto bull statue, which was unveiled in Miami on Wednesday during a large cryptocurrency conference. The chrome-and-fiberglass work pays homage to Wall Street’s bronze version ...

...

But Tedeschi is wondering the same thing as many others. What happened to the bull’s—erm—testicles?

When he submitted the statue’s design to its corporate sponsor, Tradestation, he included that anatomy, he says. “I’m sad to see that they removed them,” Tedeschi says. “I’d designed some huge, mechanical balls.” (Tradestation neutered the creature to ensure it wasn’t seen as promoting a male-focused financial industry. “Prosperity and wealth shouldn’t have any gender,” says Marco Carrucciu, a vice president at the online brokerage.)

[Gachapin]

I agree, this robo-crypto bull statue has no balls, but Wall Street’s bronze version has. Even the sculptor says it should have balls.




https://www.forbes.com/sites/abrambrown/2022/04/08/miami-crypto-robo-bull-bitcoin-statue/?sh=3c50f0b678e9

Furio Tedeschi cares not a whit about the criticism heaped on his robo-crypto bull statue, which was unveiled in Miami on Wednesday during a large cryptocurrency conference. The chrome-and-fiberglass work pays homage to Wall Street’s bronze version ...

...

But Tedeschi is wondering the same thing as many others. What happened to the bull’s—erm—testicles?

When he submitted the statue’s design to its corporate sponsor, Tradestation, he included that anatomy, he says. “I’m sad to see that they removed them,” Tedeschi says. “I’d designed some huge, mechanical balls.” (Tradestation neutered the creature to ensure it wasn’t seen as promoting a male-focused financial industry. “Prosperity and wealth shouldn’t have any gender,” says Marco Carrucciu, a vice president at the online brokerage.)

cancerous wokism

[BitcoinBunny]

Besides BTC's price being so boring and crap at the moment, how is everyone doing?

----

I remember "Tedeschi", there was a Tony Tedeschi (I remember because of his unique last name) being a porn star from the late 90s. He banged some pretty fine looking women. I'm full of useless info.

[Hamza2424]

Bitcoin has many enemies: shitcoiners (openly cRipple org, and others) and of course tptb.

I would not be surprised in any form, if they attacked BTC by trying to push actually dangerous "BIPs".

Ahhhh Ripple a True shit.
Ripple CEO putting his full efforts to damage the POW of the BTC but its not in his Limits Bitcoiners can Crush him. Mining Community is too big.

Last Months Rummors i know $500 Million campaign on the name of Green World to oppose BTC by a striking BTC Power Consumption leads to environmental demage.

He is making excuses to transfer all POW to POS framework but that will be possible in his freaking dreams.

[JayJuanGee]

Zen

It stopped working for me

Yeah, shit is getting that hectic... Meditation is beginning to fail me and not helping for productively contextualizing the realities of life.

The human condition is a huge sack of shit.

I sorta-kinda joke (not really?), but I'm truly wondering if skirting with pure nihilism at this point in my life.

Not healthy and recognized I needed help.

Look at the bright side. You still have your garden and you chickens.

You should build more green houses and equip them with home made mechanisms to work automatically.    


*edit(): "Bob The Farmer" it doesn't sound so bad, You can write a book about it.

"Save the Rain Forest, the fucktwat"  as a book title, has a nice ring to it, too.

Prepair for a soul crushing weekend dump.

Is it confirmed?



If not, I am going to take such propositionening with a decently-sized grain of salt.

Two weeks minimum, with minimal touching points to the stupid space rock population, in a comfy place, for example a cottage in the lower mountains.

Chicken/Egg problem: This ranch is where we want to get away to. The barn isn't even up yet a year into this project. Still unresolved drainage issues due to 100 year flood-plain area (and these guys are top-notch engineers?). Barn slated to go up in the next couple weeks - finally...

Had to fire the main subcontractor overseeing the project. Very frustrating times. Set us back a bit further.

Just gotta do what I can to shamble from one day to the next without blowing my brains out at this point.

Case in point..  seems to be that it can be quite stressful to set yourself up with a stress free life.....  hahahahaha

Probably good to get started early.. in such settening up.



I am not even unsympathetic... some things are not easy to delegate.. and then some people are trying to (or even assuming) that you are going to be helping (lending a helping hand) on x, y or z project that they have going on, too.. and if you don't then when you need them to help, they may well not be available.. without even saying.

Oh, another thing could be having an accountant to handle some matters.. but how much can be or should be delegated in terms of how much money to pull from this source or that sources and then to rebalance (reallocate), and which persons know which funds are available for what... Oh, here use money from this agreed upon account, but then you are moving money back and forth from that account, too.   

The other day, I had a bill coming due, but I did not have enough in my paying account to cover it, so about 10 days early I had requested a transfer to that paying account, and so I had presumed that it had gone through by the time that I went to pay the bill.. and whoops.. for some reason it was not even processed... what did I do?  fail to click confirm?  up until now, I do not know, but I was sweating bullets for a short-period out of concerns that I might not have enough time to do it again..

And a bit more stress than necessary over what I had thought was a basic matter, and surely sometimes there is not enough money in varying accounts, so the transfers have to be combined.. including the anticipation of some future bills or deposits coming in.. or even accounting for whether there might be some advantages in spreading the payments or just lumpsum paying the whole thing... Can or should these decisions be delegated? and what are the costs/benefits of delegating some of them?  How much money do you want to give access to certain persons who might have certain differences in styles and even the way they account for projecting matters and are they going to get you in a pickle because of their own possible short-comings?

[BobLawblaw]

[ChartBuddy]

Explanation

[SaimExch]

Due to Ukraine and the Russia Tension the Stock market is also facing the Panic down. Fun with crypto is our losses are not permanent hehe if these are in BTC and one more thing non future assets.

Enjoying the moment with No Fait.

[UdtaParinda1]

That's how all these PnD scams work. It's that ol' saying, "Perception is nine tenths of reality". Fake [the market] until you make [the market]. Once you make the market, leave the poor bagholders holding a bunch of worthless junk, while you leave it behind with millions in profit.

They are doing the same bullshit tactics with Metaverse properties right now. Same scam, just a different medium.

I totally agree, as last time When Elon shows his interest to accept btc as payment to buy tesla etc, and than traditional people started to convert their stable into btc and dominance of btc increases, and it started to go to set new ath, but what happens is that elon sold his btc at new ath and declined to accept btc as payment and filled his own pockets,
Now the same is happening with ape nft as he updates his profile pic with it on Twitter, just to show his interest, many celebrities also bought ape NFT like justin Bieber etc they have strong fan following, I think this all is a honey pit and only the rich persons are going to more rich only,  sorry i write to many words,

[empowering]

That's how all these PnD scams work. It's that ol' saying, "Perception is nine tenths of reality". Fake [the market] until you make [the market]. Once you make the market, leave the poor bagholders holding a bunch of worthless junk, while you leave it behind with millions in profit.

They are doing the same bullshit tactics with Metaverse properties right now. Same scam, just a different medium.

I totally agree, as last time When Elon shows his interest to accept btc as payment to buy tesla etc, and than traditional people started to convert their stable into btc and dominance of btc increases, and it started to go to set new ath, but what happens is that elon sold his btc at new ath and declined to accept btc as payment and filled his own pockets,
Now the same is happening with ape nft as he updates his profile pic with it on Twitter, just to show his interest, many celebrities also bought ape NFT like justin Bieber etc they have strong fan following, I think this all is a honey pit and only the rich persons are going to more rich only,  sorry i write to many words,

...personally I think that Elon removed the capability to purchase Tesla with BTC, because, no fucker was using BTC to buy Teslas, and it looked embarrassing/bad.

...and why would any sane person choose to swap their BTC for a car?


Cars end up on scrap heaps... and a few of them , end up on scrap heaps, after they have peeled you off the metalwork.


Sell your wife, sell your kidney, use your BTC as collateral.


If you sell your BTC for a car, you are retarded.


BTC is not.... cash.





 

[ChartBuddy]

Explanation

[empowering]

BTW.... everything going to be tokenised....... errrrrrry fucking thing.

And I personally am here for it, and I do not mean just BTC, and that BTC will be the only ever useful token, sorry I know some of y'all no likey.

The legacy system is totally fucked, its a walled garden, no democratisation, no equal access , none, nadda, zip, zilch, it is a walled garden, with a moat and angry saltwater crocodiles.


Personally, I am all up for ANYTHING that disrupts that, successfully.


I am confident enough in BTC, being BTC, and doing what BTC does best, that I do not ever sweat any other cryptocurrencies (yes there ARE more than 1, no matter what you say and there always fucking will be, no matter what you say) that I welcome the innovation, and I welcome any token that has the potential to be useful, and that will aid in dragging down disrupting the legacy system, and opening it up to the masses.


I never viewed BTC as a swiss army knife, dunno why anyone would want it to be tbh.


ps, if a really neat new token comes along, that is well designed, has great potential to grow, gains meaningful network effect, and solves problems, and is viable, and can solve a problem, or even open an alternative solution to a problem... then I will likely support it... even IF , BTC can also (perhaps eventually, or already) also solve the issue, be a part of the solution etc etc.

I like innovation, I like solutions, I like people that BUILD, I like things that help people, I like opportunity (for all)

If I didn't like all those things I would likely never have gotten into BTC.


I like disruption , when it is positive...


Somethings are retarded, for sure, and some things are not...... we have the market , over time to help validate which is which....


Personally, I HOPE to see more and more innovation, more and more building, more and more innovation, more and more problems solved, and more and more people , have their lives changed by opportunity/innovation.


Abundance mindset sirs.


Before, you get your tank-tops into a tangle.... I hope the same thing for BTC going forward too... obviously.


 

[empowering]

ps. I cannot think of anything as useless or repugnant as replacing one bunch of power hungry greedy kleptocrats, with another, if nothing changes.