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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

I would normally disregard such a bearish post by LFCB but taking into account the guy almost caught the previous ATH and cashed out near the top this makes me feel concerned. Selling now and buying back at $17k-$15k-$13k seems too easy to be true. Easy money. What if there will be no last bottom as there was no blowoff top? Play safe and hodl or gamble? 

Well, let me share what I have done. I was buying BTC for a quite long time after the crash in 2018. In the last bull, I couldn’t make a good forecast (I'm a bad trader) and sold all around $31k-$35k and invested some in some alts. I was in good profit. I was almost no-coiner for a long time after the bull run.
Recently, when it got down to around $17k, I started buying back just because I don't want to miss the chance as there could be no more bottom. Waiting for a drastic dump and I will go all in.

I thought that we already had a "drastic dump" when we both went below $28.5k around June 11, and then we went below $22,300 which was the then 200-week moving average, and then we even went 25% below the then 200-week moving average down to $17,593 on June 17, and we mostly stayed below the 200-week moving average for a month and barely recovering from that in recent times because se are still just only so far bouncing less than 10% above the 200-week moving average, which is now at about $23k.

Yeah, sure we might get another "drastic dump,"  but Jesus fucking Christ, why be looking a gift horse in the mouth in order to fantasize about more "drastic dumps" when you have already been given some pretty damned good ones.

[edited out]

Miss it once and your fucked.

hahahaha.. that's another way of saying a very similar thing.  Why get greedy when we already have a good thing.... but the no coiners say, "I see your 'good thing' and I want to make it MOAR better."  We have seen it plenty of times, the perfect could end up becoming the enemy of the good.

[ThemePen]

Capitulation Confluence

3 Models Combined. BTC

Days Spent Negative.
2011 - 112 days
2015 - 62 days
2018 - 113 days
2022 - 65 days.

Source

[cygan]

[ChartBuddy]

Explanation

[Franctoshi]

Bitcoin’s longest-serving Lead Maintainer calls it quits, names no successor


Bitcoin’s top developer and Lead Maintainer, Wladimir van der Laan, has confirmed that he’s retiring.
Van der Laan is the second successor to Satoshi Nakamoto and is one of the few people in the world with final commit access to Bitcoin Core’s GitHub.

Nakamoto held this administrative key, which was passed to Gavin Andresen, and then to van der Laan.
Van der Laan took the reins eight years ago when Andresen, who learned how to maintain Bitcoin’s code directly from Nakamoto, stopped working on the project.

Van der Laan has maintained Bitcoin’s repository for even longer than Nakamoto but indicated in January last year that he planned to start phasing out his involvement.


"From he's point the major reason for quitting his role is he wants Bitcoin to be more decentralized in such away that it no longer needs an official lead maintainer to thrive" (Moving away from relying on GitHub  to send a code).

Source
https://www.reddit.com/r/Bitcoin/comments/wply7n/bitcoins_longestserving_lead_maintainer_calls_it/?utm_source=share&utm_medium=mweb3x

https://protos.com/bitcoins-longest-serving-lead-maintainer-calls-it-quits-names-no-successor/

[Dunamisx]

let's clear every unnecessary doubts about bitcoin transaction being liable to hack, lots has been used in proving this instance and here comes another dimension to clear the same doubt about bitcoin transaction and what immutability simply implies.


https://twitter.com/Cointelegraph/status/1559404625299660802?t=QARlO06KNX5pi7r592a2pA&s=19

This simple illustration is just an explanation of how a successful transaction occurs between two parties which is from the sender to the receiver's end, nothing tampered with, transparency is all about bitcoin and arrival on the final destination is just the easiest task o achieve.

[ChartBuddy]

Explanation

[348Judah]

JUST IN: Binance wins preliminary approval to offer Bitcoin and crypto in Kazakhstan.


Source: Bitcoin Magazine.

You can always put a link to your updates, just as i was once corrected.

https://twitter.com/cz_binance/status/1559142456179957761?t=O1pVw5aB61kfshSMLkAUeA&s=19

[mRTHroo]

Look what came in today 😎

Source

[ChartBuddy]

Explanation

[psycodad]

I vaguely remember some regulars here talking about using Ring cams, thought you might find this 'interesting':

Amazon has revealed that it gives police videos from its Ring doorbells without a warrant and without user consent.

    Ring recently revealed how often the answer to that question has been yes. The Amazon company responded to an inquiry from US Senator Ed Markey (D-Mass.), confirming that there have been 11 cases in 2022 where Ring complied with police “emergency” requests.

-> https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/
-> https://www.markey.senate.gov/imo/media/doc/amazon_response_to_senator_markey-july_13_2022.pdf


Also, if you (like me) refuse to wear a tracking device (vulgo: 'Smartphone'), make sure you understand to what extent your car is snooping on you and tracking your every move:

TheMarkup has an extensive analysis of connected vehicle data and the companies that are collecting it.

    The Markup has identified 37 companies that are part of the rapidly growing connected vehicle data industry that seeks to monetize such data in an environment with few regulations governing its sale or use.

    While many of these companies stress they are using aggregated or anonymized data, the unique nature of location and movement data increases the potential for violations of user privacy.

-> https://themarkup.org/the-breakdown/2022/07/27/who-is-collecting-data-from-your-car

^ Both from Bruce Schneiers excellent newsletter.

* psycodad is off to wrap tinfoil around his car.

[ChartBuddy]

Explanation

[AverageGlabella]

I am confident about 2023 looking at the current movements of Bitcoin think we could see a bull run again.

Also, if you (like me) refuse to wear a tracking device (vulgo: 'Smartphone'), make sure you understand to what extent your car is snooping on you and tracking your every move:

TheMarkup has an extensive analysis of connected vehicle data and the companies that are collecting it.

    The Markup has identified 37 companies that are part of the rapidly growing connected vehicle data industry that seeks to monetize such data in an environment with few regulations governing its sale or use.

    While many of these companies stress they are using aggregated or anonymized data, the unique nature of location and movement data increases the potential for violations of user privacy.

-> https://themarkup.org/the-breakdown/2022/07/27/who-is-collecting-data-from-your-car

^ Both from Bruce Schneiers excellent newsletter.

* psycodad is off to wrap tinfoil around his car.

I need to think about converting back to a non smart phone. Once you have experienced smartphones it is hard to go back though especially because most phone manufactures only do smart phones today. What phone would you recommend that has a good camera and does not rely on Google, Apple or Microsoft?

[Arriemoller]

I vaguely remember some regulars here talking about using Ring cams, thought you might find this 'interesting':

Amazon has revealed that it gives police videos from its Ring doorbells without a warrant and without user consent.

    Ring recently revealed how often the answer to that question has been yes. The Amazon company responded to an inquiry from US Senator Ed Markey (D-Mass.), confirming that there have been 11 cases in 2022 where Ring complied with police “emergency” requests.

-> https://arstechnica.com/tech-policy/2022/07/amazon-finally-admits-giving-cops-ring-doorbell-data-without-user-consent/
-> https://www.markey.senate.gov/imo/media/doc/amazon_response_to_senator_markey-july_13_2022.pdf


Also, if you (like me) refuse to wear a tracking device (vulgo: 'Smartphone'), make sure you understand to what extent your car is snooping on you and tracking your every move:

TheMarkup has an extensive analysis of connected vehicle data and the companies that are collecting it.

    The Markup has identified 37 companies that are part of the rapidly growing connected vehicle data industry that seeks to monetize such data in an environment with few regulations governing its sale or use.

    While many of these companies stress they are using aggregated or anonymized data, the unique nature of location and movement data increases the potential for violations of user privacy.

-> https://themarkup.org/the-breakdown/2022/07/27/who-is-collecting-data-from-your-car

^ Both from Bruce Schneiers excellent newsletter.

* psycodad is off to wrap tinfoil around his car.

Not a problem if you drive a 1992 Volvo 940.

[psycodad]

<snip>

I need to think about converting back to a non smart phone. Once you have experienced smartphones it is hard to go back though especially because most phone manufactures only do smart phones today. What phone would you recommend that has a good camera and does not rely on Google, Apple or Microsoft?

I haven't found one yet with a decent camera. I use the Punkt as it offers me connectivity via WiFi or BT to my other devices like notebook but it has no cam. So far I use small dedicated cam with USB only (no WiFi) like the Sony DSC-W810B or the Canon Ixus 185.
Unfortunately convenience and OpSec are always indirectly proportional.

<snip>


Not a problem if you drive a 1992 Volvo 940.

My words, but at some time these vintage cars (including my 2001 Opel Caravan) will be EOL and I fear the day I have to buy one of these rolling fondleslabs.

Wrt to 'intelligent', self-driving cars, today a autonomous BMW iX caused an accident with 1 dead, 9 heavily injured in Germany. Though it is not clear yet if the vehicle was driving autonomous or was controlled by a human.

[NotATether]

* psycodad is off to wrap tinfoil around his car.

Make sure you leave a gap for your antenna otherwise you will kill your radio too.