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

[Torque]

OT: Go to ANY major news site right now, and here is what you won't see as the major story on the front page of any of them:


Ghislaine Maxwell sentenced to 20 years in prison

On Tuesday, British socialite Ghislaine Maxwell was sentenced to 20 years in prison during a hearing in Brooklyn, New York. Prosecutors were initially seeking a sentence of at least 30 years for Maxwell, who was convicted on December 29, 2021, on five criminal counts, including sex trafficking, for recruiting and grooming four girls for Jeffrey Epstein to abuse, Reuters reports.

[1713871110]

1713871110

[1713871110]

1713871110

[heslo]

OT: Go to ANY major news site right now, and here is what you won't see as the major story on the front page of any of them:


Ghislaine Maxwell sentenced to 20 years in prison

On Tuesday, British socialite Ghislaine Maxwell was sentenced to 20 years in prison during a hearing in Brooklyn, New York. Prosecutors were initially seeking a sentence of at least 30 years for Maxwell, who was convicted on December 29, 2021, on five criminal counts, including sex trafficking, for recruiting and grooming four girls for Jeffrey Epstein to abuse, Reuters reports.

Piss weak sentence

[empowering]

OT: Go to ANY major news site right now, and here is what you won't see as the major story on the front page of any of them:


Ghislaine Maxwell sentenced to 20 years in prison

On Tuesday, British socialite Ghislaine Maxwell was sentenced to 20 years in prison during a hearing in Brooklyn, New York. Prosecutors were initially seeking a sentence of at least 30 years for Maxwell, who was convicted on December 29, 2021, on five criminal counts, including sex trafficking, for recruiting and grooming four girls for Jeffrey Epstein to abuse, Reuters reports.

....yup


I wonder what happens next

[empowering]

.......does this prison have ferrets by any chance?


...askin' for a fren

[Torque]

OT: Go to ANY major news site right now, and here is what you won't see as the major story on the front page of any of them:


Ghislaine Maxwell sentenced to 20 years in prison

On Tuesday, British socialite Ghislaine Maxwell was sentenced to 20 years in prison during a hearing in Brooklyn, New York. Prosecutors were initially seeking a sentence of at least 30 years for Maxwell, who was convicted on December 29, 2021, on five criminal counts, including sex trafficking, for recruiting and grooming four girls for Jeffrey Epstein to abuse, Reuters reports.

....yup


I wonder what happens next

Maxwell didn't kill herself

[ChartBuddy]

Explanation

[savetherainforest]

....yup


I wonder what happens next

Welcome to the inmates of the Wall Observer.        

[Biodom]

Almost every little 'bobblehead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.

One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.

[ChartBuddy]

Explanation

[heslo]

Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.

One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.

The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value

[OutOfMemory]

Hey Bros, i'm in a hurry, so here's that promised photo from NGC7000 (North America Nebula). Seond try, because my lens fogged in the humid air of the night.
Details: 200mm lens on a H-Alpha modified DSLR, 100x25 sec frames for the stars, 20x60 sec frames for the nebula.

 
Thanks a ton for the sMerit shower  

I was out last night to take another one, from a different region of the milky way, more zoomed out than the one i posted yesterday.
There were some thin clouds in the first half and distant lightnings illuminating (light-polluting) the sky in the second half of the session, but since i captured more than 4 hours worth of light data, it would be a waste to just move the files to the recycle bin (aka. /dev/null) before even trying to get a nice astrophoto out of them.
A dedicated astro camera plus filters would be delivering much finer resolutions, but i'll have to rip out my laser eyes ($100k, sure y'all remember) to be ready to spend so much money on a little piece of electronics in a housing as big as half a pepsi can.
Gonna take some time to regain lost sleep and backread the WO, right after grandmother-in-law's funeral has gone by this evening.
So much to do, so little time  

Good day!
And behave, will you, ChartBuddy?!  

What kind of costs are "we" (really you in this case) talking about. and what makes that kind of camera and set up different from the one(s) that you have been using?  I would imagine that the more expensive set ups would have greater light gathering capabilities - so potentially BIGGER lenses.. but just BIGGER would not necessarily be better either.. I recall some of the ways that light is processed can have different kinds of set ups too... but you said that some of your cameras actually are able to move with their target while you are doing the slower shutter times..

Generally speaking, yes. Still there are some strengths of ccd astrocameras. They are cooled, so you don't need to take dozens of longtime exposure images of "black", to remove unwanted noise (by sensor heating and signal/noise ratio) in boring post-production hours. Resolution is about four times better, so much more details in finer structures in the image. There's more, but i'll spare it for today. Roughly steps into the dedicated astro camera area would cost me between $2k and $10k, depending on quality. Not the amount i'm used to throw at my hobbies too often.

I'm dead tired and here is my latest piece. Forgot the watermark, though.

[Biodom]

Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.

One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.

The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value

it could be, eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.

TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.

[OutOfMemory]

EDIT Image embedding seems to be broken atm?

https://i.imgur.com/3Wf5Qul.jpeg

[xhomerx10]

EDIT Image embedding seems to be broken atm?

https://i.imgur.com/3Wf5Qul.jpeg

 The image is 4.36 megs and you're limited to 2.5 - that's the problem.  I changed the compression to 73% so there's no way it will look as awesome as it should... people should follow your link instead.

[xhomerx10]

My wife thought we were playing another game of "Wall Observer where am I?" 

[ChartBuddy]

Explanation

[Hamza2424]

My Wife thought we were playing another game of "Wall Observer where am I?" 

For you i will say that You are in our hearts,
Everytime it Pumps the Blood to the Body we use to know that you are with us.

How it sounds like feel the depth of the words and just dive into by the way.
Always Do great and be GOAT one day Hope you get it

How's it the

[cAPSLOCK]

EDIT Image embedding seems to be broken atm?

https://i.imgur.com/3Wf5Qul.jpeg

Much obliged... my new setup thanks to you!

[Biodom]

EDIT Image embedding seems to be broken atm?

https://i.imgur.com/3Wf5Qul.jpeg

 The image is 4.36 megs and you're limited to 2.5 - that's the problem.  I changed the compression to 73% so there's no way it will look as awesome as it should... people should follow your link instead.

Awesome pic.
So many stars!

I wonder if all (or almost all) of these are empty worlds. Seems like a waste of space, but on the other hand, where is "magic" in the sky?
Certainly, there is nothing out there that "looks" like like an advanced civilization of Kardashev scale >2.0
Normally, a civilization that is growing at 3% a year in energy consumption, should reach type 1 (from current 0.73) in 100-200 years, type 2 in a few thousand years and type 3 in a 100K-million years.

Not all stars appeared at the same time. In fact there are many stars in the Milky way that are billions of years older than our Sun.

If it takes "only" about a million years for a tech civilization to reach type 3 (with projects on the galaxy size) and there were MANY stars older than Sun.
In fact, one paper suggests that an average star with a habitable zone is 3.3bil years OLDER than our Sun.

The sad conclusion is that NO ONE has made it to be past stage 2 (at least).
References:

https://en.wikipedia.org/wiki/Kardashev_scale
https://arxiv.org/ftp/arxiv/papers/1509/1509.02832.pdf

[philipma1957]

Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.

One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.

The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value

it could be, eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.

TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.

but gold is subject to vast dilution of value with discovery of new deposits of it.

https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/

"Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore."

quote from link

If true that is more than the 205,000 mined ever see below.
https://www.gold.org/goldhub/data/how-much-gold


and the 2016 estimate of gold mined and in the ground was "About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of that gold has come from just three countries: China, Australia, and South Africa. The United States ranked fourth in gold production in 2016."


google quote above,

so the 244,000 world total  mined and not mined yet total  to go to over  500,000

mined and not mined yet.

Which means about a 50% dilution of value  for gold.

How about that find and a second find in Africa and the asteroid they are looking at all come true in under 20 years.

gold could move from a 244,000 grand total estimate to 1,000,000 total in the next ten years to twenty years.

I consider gold to have more risk than BTC or Silver.


Reason for silver is there is more of it so find a lot more is less likely.

1,600,000 tons of silver has been mined already.  I am thinking finding 1,600,000 more tons of silver is less likely .

than finding 320,000 tons of gold (just been found) so I fear gold's staying power.

Do silver and BTC.  But I am only talking about what I like to do.