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

[JayJuanGee]

Don't fall for what looks too good to be true, because it almost always is. Even Bitcoin could be called "too good to be true" by those who do not understand it. It is one of the few exceptions to this rule.

Yep.. bitcoin is too good to be true.....


Even though in reality, it is not.

That is part of what is so amazing about bitcoin.

We have an asset class that is largely available to almost anyone.. and has so far provided so much of an asymmetric bet to the upside, which has meant that normies having not needed a whole hell of a lot of capital to get into it, which makes it accessible as fuck.. and there really is nothing in the data to show that the investment thesis for bitcoin has changed in the past 6-8 years, and seems to have even gotten stronger in the past 2.5-ish years.

But instead of being prudent, reasonable and even somewhat aggressive in terms of getting into bitcoin, quite a few normies seem to either not get in at all and some who do choose to get in want to gamble or leverage down in terms of their upside bet.. an there is no need to do all that.. you can get rich as fuck (or at least just improve your lot significantly) with out gambling..

Isn't that too good to be true..  even though it just happens to be true?**  



**I know, I know, I know that I saying the same thing as you AlcoHoDL, but I just cannot help it since I like to hear my lil selfie speak.. as "they" say.      

....theoretically bitcoin....... I’m just wondering how low we go when the inevitable happens.

I am pretty sure (the last time I checked with Craig) that the ONLY thing that is close to "inevitable" in bitcoin is ongoing volatility.

Other than that, I am having trouble considering what else might be "inevitable" in respects to bitcoin.  

#askingforafriend

An imminent recession or even great depression is one of the worst kept secrets in global macro finance. When it does happen & get confirmed by the asshats in power of first world countries, how do you think the bitcoin market will react?

I mean theoretically bitcoin should pump on such news but it never does. I’m just wondering how low we go when the inevitable happens.

I don't think we are going to go down much...

The only downward pressure would be people needing to sell to pay bills.
The majority of Bitcoin is under whale control or in Diamond hands 🙌 💎

What about the influencenings of "the nakeds"?  


Don't "the nakeds" matter?  

#askingforafriend

@JJG
....Crab market until the next halving is fine, if possible.

Fair enough regarding your overall response .....and overall, there is likely some comfort in just having various options in terms of having a decent amount of cash available to be used, but also o.k. to not use such cash, too.. and for sure it cannot be very comfortable for many of us if we are seeing various aspect of the world burning down around us, even if we may well feel that we had taken a decent amount of precautionary measures..

So even though my own personal situation handled various aspects of the overall volatility differently from you, there are some difficulties to feel as if the world is going to hell, even if considering my way of framing my situation to potentially go from ONLY 20x up to another status that might ONLY be 10X up.. .. which surely there would be a point to run out of money to buy more.. and then could there really be regrets?  at some point if the BTC price goes down , there does become a kind of true test regarding "am I really going to hold to zero?"  and also at some point:  "something seems broken about this thing to be going so low?"  Would $10k trigger such feelings?  Perhaps?  perhaps?   or maybe  BTC prices would need to go lower than $10k to start to feel as if something must be broken, and I did not get the memo.

Regarding the idea of crabbening .. I get my lil "smart ass" response that I cannot resist but to say:  "Bitcoin no doesn't work like that."   hahahahahaha.. in other words, to me, it seems like a kind of fantasylandia to expect that crablandia on the way up is any kind of realworld possibility in bitcoinlandia... I might keel over  from a heart attack if we were even able to achieve crablandia up to $69k  -- I would have to shake my head, and say:  "Bitcoin no doesn't work like that.  Wake me up!  Wake me up!!!  Wake me up!!!!!!"  

[ChartBuddy]

Explanation

[Hueristic]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

[philipma1957]

bull shit

mining cost was not 24k  in June and is not 13k now fucking flat out garbage lies. not the poster but  Bloomberg is the liar or JPMorgan is the liar.

or should I say 1 lies and the  other swears to it.

To the Point ( What to Say now )

[vapourminer]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

[ChartBuddy]

Explanation

[xhomerx10]

preev.com is back online!  So happy.  

edit:

I checked now, they're up but their tip address below disappear? Or it's just me remembering things that don't exist.

 I don't remember seeing a tip address displayed.

[Hueristic]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

Can the Ring hear conversations inside the house?
Melissa Clarke, a county court judge in Oxford, pointed out that Woodward's Ring camera could reliably record audio at conversational volume from 68 feet away, based on an experiment carried out by one of the witnesses in the case.

preev.com is back online!  So happy.   

edit:

I checked now, they're up but their tip address below disappear? Or it's just me remembering things that don't exist.

 I don't remember seeing a tip address displayed.

I think there was one for a short time when it first launched IIRC.

[BitcoinBunny]

Inflation is going to kill every currency except for the dollar and BTC at this rate.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BobLawblaw]

#LNMETA

Was shooting the shit on Twitter today with a couple folks running LN nodes, and was groaning about my befuddlement with 0/0 fee game-theory.

tl;dr: They explained it well enough that you make it up on fees for the other nodes you are connected to.

I believe I have every WO member connected to me at 0/0, set a bunch of other nodes to 0/0, have disabled LNDg Auto-fees for the time being, and will see how this works out for a bit.

[philipma1957]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

I have multiple ring camera’s

Two for indoor and one on the front door.

they are okay for in the room.

the front door does not pick up sound in the house as the mic points to street.

the living room can record some sound in the bedroom as it points at the wall of the bedroom.

even if you shut the bedroom door you can still hear a bit of sound.

so the key is where the mic/lens points.


https://www.amazon.com/Ring-Indoor-Compact-Security-Camera/dp/B07Q9VBYV8/ref=sr_1_1_sspa?


see link for indoor model i use

[ChartBuddy]

Explanation

[DaRude]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

I have multiple ring camera’s

Two for indoor and one on the front door.

they are okay for in the room.

the front door does not pick up sound in the house as the mic points to street.

the living room can record some sound in the bedroom as it points at the wall of the bedroom.

even if you shut the bedroom door you can still hear a bit of sound.

so the key is where the mic/lens points.


https://www.amazon.com/Ring-Indoor-Compact-Security-Camera/dp/B07Q9VBYV8/ref=sr_1_1_sspa?


see link for indoor model i use

If 30yrs ago you'd say that people would willingly pay to install MICs that let let cops and big corporations listen in on your bedroom, they'd think you're crazy, yet here we are.
People are too eager to sell their privacy for any kind of convenience, think the going rate is a forum emoji

[Gachapin]

BTCetter  BTCuy  BTCitcoin

[philipma1957]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

I have multiple ring camera’s

Two for indoor and one on the front door.

they are okay for in the room.

the front door does not pick up sound in the house as the mic points to street.

the living room can record some sound in the bedroom as it points at the wall of the bedroom.

even if you shut the bedroom door you can still hear a bit of sound.

so the key is where the mic/lens points.


https://www.amazon.com/Ring-Indoor-Compact-Security-Camera/dp/B07Q9VBYV8/ref=sr_1_1_sspa?


see link for indoor model i use

If 30yrs ago you'd say that people would willingly pay to install MICs that let let cops and big corporations listen in on your bedroom, they'd think you're crazy, yet here we are.
People are too eager to sell their privacy for any kind of convenience, think the going rate is a forum emoji

Circumstances matter.

 My Bro-in-Law has vascular dementia.
 I need the cameras to monitor him his home and the health caretakers.

He almost blew the house up in Nov of 2021. Thank god I had one of the rings pointed at the gas stove.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Wilhelm]

In each case, Ring handed over private recordings, including video and audio, without letting users know that police had access to—and potentially downloaded—their data. This raises many concerns about increased police reliance on private surveillance, a practice that's long gone unregulated.

https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/

and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..

I have multiple ring camera’s

Two for indoor and one on the front door.

they are okay for in the room.

the front door does not pick up sound in the house as the mic points to street.

the living room can record some sound in the bedroom as it points at the wall of the bedroom.

even if you shut the bedroom door you can still hear a bit of sound.

so the key is where the mic/lens points.


https://www.amazon.com/Ring-Indoor-Compact-Security-Camera/dp/B07Q9VBYV8/ref=sr_1_1_sspa?


see link for indoor model i use

If 30yrs ago you'd say that people would willingly pay to install MICs that let let cops and big corporations listen in on your bedroom, they'd think you're crazy, yet here we are.
People are too eager to sell their privacy for any kind of convenience, think the going rate is a forum emoji

I agree without the paranoia.

I don't know why people automate their home. They install tons of hardware care that needs constant attention whilst you are throwing their privacy around. This all to be able to not have to walk to the light switch.

Any company with a security leak will allow burglars insight into your house.