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

[ChartBuddy]

Explanation

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[death_wish]

Also, the casino nature of the "crypto" market, leads to great volitility and the association of Bitcoin as a "tech product" has it firmly in step with the Nasdaq chart at times.

Filed under, “Teach people that Bitcoin is not a stock—Bitcoin is nothing like a stock.”  It is a very large file.

Its no secret that bitcoin has been tracking the stock market latelty and becoming more and more intertwined with political and macroeconomic factors,So it may actually be beneficial to treat it as a "stock" as this will allow for better models and price predictions.

It is so much not-a-secret that there is even a word for it:  “Coupling”.  Please try reading the link before you offer counterarguments issues I raised, which are irrelevant to coupling.  In addition to what I said at that link, where I did not think I needed to explain why coupling hurts us:

Most Bitcoiners seem to agree that being coupled to the stock market is a bad thing.  Bitcoin is supposed to be “digital gold”—we should be coupled to the PMs, not stocks!  Bitcoin is supposed to be a hedge against inflation—but upon news of high USD inflation, idiots who treat BTC as a “stock” are fleeing Bitcoin to buy inflationary central bank altcoins.  I would even go so far to say that in the long term, coupling to stocks is a threat to Bitcoin’s economic viability.  Now, we have already been coupled to stocks for years; and it is killing us.  If we now forever lose 200 WMA as a Schelling point for a Bitcoin Bottom (as it seems we may), coupling to the stock market will be one major factor, in my opinion.

Filed under, “Teach people that Bitcoin is not a stock—Bitcoin is nothing like a stock.”  It is a very large file.

[AlcoHoDL]

Just refreshed my neurons with my passphrase on my Trezor. Everything is as I left it, except for some dust amounts of BTC that some unknown entity has been regularly depositing to my wallet. I guess this is done to "mark" my wallet and track any future movement of my coins. Well, FUCK YOU, whoever you are, your dust will never be moved from there, so feel free to send more...

My advice to cold storage HoDLers: refresh your neurons with your passphrase/PIN/whatever you use to protect your wallet, by viewing your cold storage balance every 6 months or so. You never know when your memory may fail and you end up not being able to remember the key(s) to your precious coins.

Everything's in order, waiting for the dip to end, and for a slow, organic, healthy UPpity movement to commence.

GTCTTWW.
This is fine.
HoDL.

[death_wish]

JUST IN – Russian Central Bank ready to allow use of bitcoin and crypto for international payments 🇷🇺..


Source: https://twitter.com/BitcoinMagazine/status/1537753567917907969

LOL here we go...

Wednesday  BITCOIN IS ILLEGAL IN RUSSIA
Friday  BITCOIN TO BE USED FOR INTERNATIONAL TRADE BY RUSSIA
Tuesday  BITCOIN BANNED BY WESTERN NATIONS
Thursday BITCOIN BEING ACCUMULATED IN DARK POOLS BY WESTERN NATIONS

For four decades, gold bullion was illegal for individuals to possess in any significant quantity in a country that is just so much better than Russia in every way:  The United States.  Internet spoiler:  That is sarcasm.

I think that Bretton Woods qualifies as using gold for international trade.  Internet spoiler:  That is a wry understatement.

Gold was not generally legalized for individual American slaves “citizens” until after the United States pulled a Do Kwon on the USD-XAU peg.  (Do Kwon is an amateur crook and a saint compared to the United States.  The United States is a dirty dollar-ponzi shitcoin scammer which wrecked the global economy on a long-term basis, from the Nixon Shock forward.  Anyone who wants to disagree is hereby commanded to STFU, and give U.S. Dollar bagholder-countries the gold reserves that the U.S. properly owes to them as of 1971.  I have zero tolerance for apologism for scams.)

Sooo...  There is not necessarily any contradiction between your Wednesday and your Friday.  #justsaying

[Dabs]

My advice to cold storage HoDLers: refresh your neurons with your passphrase/PIN/whatever you use to protect your wallet, by viewing your cold storage balance every 6 months or so. You never know when your memory may fail and you end up not being able to remember the key(s) to your precious coins.

Mine is on an offline / airgapped tablet that has never connected to anything except to have Electrum installed on it. May upgrade to a "real" hardware wallet like a Trezor one day.

[ChartBuddy]

Explanation

[death_wish]

Everything is as I left it, except for some dust amounts of BTC that some unknown entity has been regularly depositing to my wallet. I guess this is done to "mark" my wallet and track any future movement of my coins. Well, FUCK YOU, whoever you are, your dust will never be moved from there, so feel free to send more...

I’d always thought that “dusting” was an urban legend, except that so many smart people report receiving these mysterious transactions.  It would be an awfully expensive way to do blockchain analysis; and dusting an address that already contains coins makes no sense.  The coin you already have can be tracked:  Where it moves to, what change it gives, what other coins it may merge with, etc.  How does merging another UTXO add any information helpful to the spies?  What am I missing here?  (The biggest privacy killer is, IMO, coin merge from one’s own change.)

Dusting an unused address that is advertised somewhere seems more useful, albeit expensive.  Then, the coin can be watched for what it merges with.  (Donation addresses, forum signature tip addresses, etc.)  Dusting an address that previously had coins seems it would be very helpful to the spies, for the same general reasons why address reuse is a bad idea.

Anyway, if you really don’t want that mysterious dust, then please consider disposing of it by burning it in an OP_RETURN, and/or donating it to miners as fees.  This helps Bitcoin by removing those outputs from the UTXO set.

I recently went on an extended rampage in Development & Technology about how OP_RETURN is the one and only right way to burn bitcoins.  (In that context, explaining why so-called “burner addresses” are harmful.  Interrupted by losing my BTC.)  Some of what I said there is relevant here.  Starts here; thread is a kind of a dumpster fire, by dev forum standards.  I need to get back to that.

(OTOH, not many people would do that; the anonymity set of people who burn dust in OP_RETURN is probably small; the anonymity set of people who donate it to miners as extra fees is probably larger... hmmm, so many privacy problems.  It is why I want strong privacy built-in on L1 in Bitcoin.)

HoDL.

[ChartBuddy]

Explanation

[empowering]

Drinking again... you know what that means?



https://youtu.be/j2ny3JhPn7U

[empowering]

https://youtu.be/v2AC41dglnM

[Ryu_Ar1]

On another note: how long do yall  think we can hold this 20k support,and is there any major support under it incase we break it ?

Miner support at 15-17k ranges

when something like this really happens and the decline is bigger then there will be a lot of beginners who do this

[ChartBuddy]

Explanation

[Torque]

The Fed launching their own shitcoin soon. Another so-called conspiracy becoming reality.

[ImThour]

Elon Musk's Networth:

2020 - $20 billion
2022 - $220 billion

Once his net worth will be below $100 billion, I might call that a bottom.
What do u say? 

[vapourminer]

Just refreshed my neurons with my passphrase on my Trezor. Everything is as I left it, except for some dust amounts of BTC that some unknown entity has been regularly depositing to my wallet. I guess this is done to "mark" my wallet and track any future movement of my coins. Well, FUCK YOU, whoever you are, your dust will never be moved from there, so feel free to send more...

My advice to cold storage HoDLers: refresh your neurons with your passphrase/PIN/whatever you use to protect your wallet, by viewing your cold storage balance every 6 months or so. You never know when your memory may fail and you end up not being able to remember the key(s) to your precious coins.

word

i forgot the pin for one of my trezors as i hadnt checked it for a couple years. i was on like the 10th pin try with the trezor spending several hours waiting for it to pronounce its judgment as to whether it was correct. nope, zip, nada etc. i finally just wiped it and recovered from the seed.

so its also a good idea to make sure your seed backup is still where you think it is and usable.



 

[BitcoinBunny]

The Fed launching their own shitcoin soon. Another so-called conspiracy becoming reality.

What to do and what to invest in:
A digital currency with 10-20% inflation tied to ridiculous un-payable national debt or one without any of that crap.

 

[BitcoinBunny]

Elon Musk's Networth:

2020 - $20 billion
2022 - $220 billion

Once his net worth will be below $100 billion, I might call that a bottom.
What do u say? 

Did you see the Tesla price hikes?

Musk must be trying to get to a trillion.

[ChartBuddy]

Explanation

[fillippone]

Classic, long overdue, Micheal Saylor hopium:



Emily Chang is hot.

[Biodom]

Elon Musk's Networth:

2020 - $20 billion
2022 - $220 billion

Once his net worth will be below $ 40100 billion, I might call that a bottom.
What do u say? 

ftfy