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

[cAPSLOCK]

I really start to think that Saylor reads the WO...
[...]

Saylor is just trying to catch up with us, we are only 30844 pages ahead of him.

I wonder, Remember from the beginning Michael Saylor said Bitcoin had no chance,
all of a sudden he became Bitcoin ambassador,  one very thing I have known about Billionaires is that they will only tell you half the truth.

In several interviews Saylor explained very precisely why and how he changed his view on BTC.

Actually, he understands Bitcoin and its implications on a deeper level than most other public figures.


Saylor is no ambassador.  But he puts his money where his mouth is and sacrifices a lot of his time educating other people about BTC.

He wouldn't have to do it... he is super rich... he could just enjoy life fucking models all day long until he dies.


Saylor acts on conviction, because he gets how important BTC is for the world.  And that's what many Bitcoiners value.

Saylor got in very late, the Bitcoin party started long ago while he was busy playing the public critics role against Bitcoin most other figures in the Bitcoin community were busy accumulating more, now the music has changed and Saylor wants to join the party by all means. Anyways he is welcome on the list he can still fill some bags just left over anyway. The best pizza was served long ago.

This is a strange thing to say, I think.

Yes.  If what you are comparing is the ability to have realized gains from under 1 cent to 30kUSD to the ability to go from 30k to 3 million. Then, Yes.  He missed the best time to invest.  But it was also the riskiest time.  It is easier for big money folks to invest here than just about anywhere south of here...

But make a list of things, that if they continue to exist, have a significant possibility to be a 100x investment from here?

Otherwise, the party is still just getting started.

[Gachapin]

I wonder, Remember from the beginning Michael Saylor said Bitcoin had no chance,
all of a sudden he became Bitcoin ambassador,  one very thing I have known about Billionaires is that they will only tell you half the truth.

In several interviews Saylor explained very precisely why and how he changed his view on BTC.

Actually, he understands Bitcoin and its implications on a deeper level than most other public figures.

Saylor is no ambassador.  But he puts his money where his mouth is and sacrifices a lot of his time educating other people about BTC.

He wouldn't have to do it... he is super rich... he could just enjoy life fucking models all day long until he dies.

Saylor acts on conviction, because he gets how important BTC is for the world.  And that's what many Bitcoiners value.

Saylor got in very late, the Bitcoin party started long ago while he was busy playing the public critics role against Bitcoin most other figures in the Bitcoin community were busy accumulating more, now the music has changed and Saylor wants to join the party by all means. Anyways he is welcome on the list he can still fill some bags just left over anyway. The best pizza was served long ago.

Indeed, you could certainly blame him for talking about BTC without having done sufficient research.  He even addressed that point in his interviews.


However, I suppose most of us have "opinions" about BTC while not fully understanding it... some good some bad.

I'm sure you wouldn't tell me you understand everything there is about BTC... and still, you probably publish your opinion about it.


Bottom line, he paid hefty extra $ for having dismissed BTC, first.


I guess it's true:  


Everyone gets Bitcoin at the price they deserve.

https://twitter.com/saylor/status/1426514009713520641?




And also this:

... If what you are comparing is the ability to have realized gains from under 1 cent to 30kUSD to the ability to go from 30k to 3 million. Then, Yes.  He missed the best time to invest.  But it was also the riskiest time.  It is easier for big money folks to invest here than just about anywhere south of here...
....
Otherwise, the party is still just getting started.

[ChartBuddy]

Explanation

[cAPSLOCK]

While we are criticizing him, maybe take some time to watch this.  It's really the best interview so far.

https://www.youtube.com/watch?v=B2DDOyqRltg

[dragonvslinux]

I really start to think that Saylor reads the WO...
[...]

Saylor is just trying to catch up with us, we are only 30844 pages ahead of him.

I wonder, Remember from the beginning Michael Saylor said Bitcoin had no chance,
all of a sudden he became Bitcoin ambassador,  one very thing I have known about Billionaires is that they will only tell you half the truth.

In several interviews Saylor explained very precisely why and how he changed his view on BTC.

Actually, he understands Bitcoin and its implications on a deeper level than most other public figures.


Saylor is no ambassador.  But he puts his money where his mouth is and sacrifices a lot of his time educating other people about BTC.

He wouldn't have to do it... he is super rich... he could just enjoy life fucking models all day long until he dies.


Saylor acts on conviction, because he gets how important BTC is for the world.  And that's what many Bitcoiners value.

Saylor got in very late, the Bitcoin party started long ago while he was busy playing the public critics role against Bitcoin most other figures in the Bitcoin community were busy accumulating more, now the music has changed and Saylor wants to join the party by all means. Anyways he is welcome on the list he can still fill some bags just left over anyway. The best pizza was served long ago.

This is a strange thing to say, I think.

Super bizarre even.

Yes.  If what you are comparing is the ability to have realized gains from under 1 cent to 30kUSD to the ability to go from 30k to 3 million. Then, Yes.  He missed the best time to invest.  But it was also the riskiest time.  It is easier for big money folks to invest here than just about anywhere south of here...

As an individual he might of missed the best time to invest, but as company, it was probably the earliest possible. MSTR (as well as other companies) invested in Bitcoin as a reserve asset prior to it being worth $1 trillion. For a company, this is still very risky. I'm not surprised there aren't many other companies yet invested. It'll need to get back above $1T to be taken seriously for investment as a reserve asset, probably nearer $2-3T.

If you think companies can just throw their balance sheet at "ideas" when they are worth a few million, or a few billion, then obviously you (@Piesel) don't understand reserve risk. They aren't investing in order to make money, but to preserve wealth. Like many future investors, it won't be in order to speculate for 10-100x gains, but to avoid losing upto 10% a year to inflation. It's quick mafs.

[ChartBuddy]

Explanation

[Gachapin]

While we are criticizing him, maybe take some time to watch this.  It's really the best interview so far.

https://www.youtube.com/watch?v=B2DDOyqRltg

Oh that's a new one. Thanks!

I already know most of his talking points and examples, but I feel with every interview he gets a bit better at delivering them.

And one hour is a good length to be shared with interested newcomers.


PS
Was not criticizing him at all. All he did was totally justifiably and in my eyes courageous & smart.

[savetherainforest]

What do you guys think about this 2x Sun thingy??    

https://www.youtube.com/watch?v=7ZPLl_LgmeQ

[ChartBuddy]

Explanation

[xhomerx10]

This article is hilarious.  I'm only posting the "reasons" because the article is quite long but there is an explanation for each reason if you follow the url:

https://bitcoinmagazine.com/culture/why-you-should-sell-your-bitcoin

WHY YOU SHOULD SELL YOUR BITCOIN
21 + 21 more reasons why you should sell all of your bitcoin now.
ALEKSANDAR SVETSKI

If you are panicking right about now, I implore you, in fact, I urge you to sell all of your bitcoin now. All of it.

No this is not a joke.

This article is not some trading analysis, pick-me-up full of hopium or copium.

This is going to outline a series of straight up facts and reasons why you should dump your bitcoin, especially before it goes any lower. Because believe me, it will.

Nature is healing.

42 Reasons to sell your Bitcoin:

1. If you believe it won’t go lower:

2. If you believe it won’t go higher:

3. If you believe in 14-year-old tea-leave analysts with large Twitter accounts:

4. The government cares about you:

5. "Some other crypto is going to take over”

6. Bitcoin is about “muh gainz:”

7. If you’re A16Z:

8. If you’re Conbase:

9. That blockchain is some kind of “underlying technology:”

10. That it’s Bitcoin and Crypto:

11. That bitcoin is democratic:

12. If you believe NFTs are art:

13. If you think PoS > PoW:

14. If you think Bitcoin wastes energy:

15. If you think ESG is about anything other than more political power and waste:

16. That bitcoin is about “equality:”

17. If you’re ready to own nothing and be happy:

18. If you want to live in the beta verse:

19. If you want to remain plugged into The Matrix:

20. If you want to be the lowest version of yourself:

21. If you believe in The Great Reset:

22. If you believe in the World Economic Forum and the rest of the three-letter agencies:

23. If you think $69,000 was the top:

24. If you think $600 to $300 is any different from $60,000 to $30,000:

25. If you think $42,000 was the bottom:

26. If you’re still watching Real Vision:

27. If you think “Toxic Maximalism” is a problem:

28. If you have posters of Nassim Nicholas Taleb and Paul Krugman on your wall:

29. If you’re an academic:

30. If you’re a progressive or Marxist Bitcoiner (whatever the fuck that means):

31. If you believe the “inflation is transitory:”

32. If you eat Beyond Meat:

33. If you “trust the science:”

34. If you believe any of this is normal:

35. If you think that “this time it’s different:”

36. If you think politics comes before economics:

37. If you think political decree can outcompete physical reality:

38. If you think the map is the territory:

39. If you believe complex systems can be modeled:

40. That transforming the world was going to be easy:

41. If your name is Peter Schiff, Raoul Pal, Elon Musk, Mark Cuban or Lex Fridman:

42. If you think I’m joking:

https://bitcoinmagazine.com/authors/aleksandarsvetski

[Gachapin]

This article is hilarious.  
...
https://bitcoinmagazine.com/culture/why-you-should-sell-your-bitcoin
...

Fuck me, what a laugh!

And what a great ending!


PS
It's probably obvious that McCormack isn't sharpest tool in the shed.  But that tweet def takes the cake.  What an idiot...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

interrupt
no four in a row...

[bitebits]

Nearly 66% of bitcoin has not moved in over a year, marking an all-time high.


https://twitter.com/danheld/status/1533181953482039296

[ChartBuddy]

Explanation

[AnotherAlt]

WTF?

Go to this link and dare him to visit WO

https://twitter.com/coinbureau/status/1532965035844194304?

[ChartBuddy]

Explanation

[AlcoHoDL]

In my humble opinion, it all comes down to the link between energy and value, complex and inexplicable as it may be. Energy may or may not create value, but value requires energy. There is no "free lunch" in this universe.

This is one of those complex, philosophical topics where the answer is "Yes, but..."

Yes to what you stated above.

But...there are so many "things" in this world today that took a lot of energy and manpower to create (and thus had high value when first created), but their value has now fallen to near zero because humans no longer value them. They don't just retain their value long term because they had a high energy input.

This could happen to any "thing" created, because value is also subjective and is applied to "things" by the emotions of human beings.

What you're saying is true. Energy is a necessary but not sufficient condition for something to have value. You could pour a lot of energy into creating something very valuable, and it could then lose its value in the future, or energy could be wasted straight away (like the 10: GOTO 10 code example). In the first case, one could argue that the object's raw value hasn't actually been lost, but rather, it is not recognized or appreciated by society anymore (and hence could rise up again). On the other hand, energy is almost always needed in order to create something of value. Even in the case of the 10: GOTO 10 code example, if the computer executing the code warms up the home of a poor family, this pointless piece of code would be very valuable to them, equally valuable to any piece of code!

In the end, perhaps everything comes down to converting energy from one form to another. What matters is that the product of this conversion solves a problem, and if it does, the product becomes valuable.