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

[OutOfMemory]

maybe consider using shamir backup..

Thanks, always open for useful suggestions.
As the NANO-S is somewhat limited, i consider some upgrade in the future, but i had some doubts (not so much related to security) to buy a trezor in the past, but i am going to look into it again soon.

[rat03gopoh]

https://mobile.twitter.com/VitalikButerin/status/1570299062800510976

Wait wait wait vitalik is saying something.

Listen.

What utter nonsense. Most of those miners will just switch their GPUs to different coins so no, there won't be a 0.2% in electricity reduction and I doubt that figure is that large to begin with anyway

They'll make another sh!t separate to keep pampering the PoW supporters, the energy consumption will literally not decrease in the slightest

https://cointelegraph.com/news/ethw-core-to-push-on-with-ethereum-pow-fork-24-hours-after-merge

[ChartBuddy]

Explanation

[Crypt0S0ul]

Shopify competitor BigCommerce integrates BTC Bitcoin payments 🙌

Bitcoin Magazine

There we go BigCommerce. Make it happen and force Shopify to do the same.

[AlcoHoDL]

maybe consider using shamir backup..

Thanks, always open for useful suggestions.
As the NANO-S is somewhat limited, i consider some upgrade in the future, but i had some doubts (not so much related to security) to buy a trezor in the past, but i am going to look into it again soon.

Just remember to use strong passphrase(s), but at the same time easy enough for you (but not others) to remember/recover. With overly complicated passphrases, complex memorization schemes, etc., you're running the risk of locking yourself out of your coins, and that won't be fun.

[ThemePen]

Now scammers are using vitalik (shit founder) name.

 

[Lucius]

Bitcoin / US. Dollar Index.
This indicates that Bitcoin is about to enter a massive Bull run, we are once again at the zone.

A massive bull run in the middle of a bear market less than 2 years before the halving? It doesn't make much sense, but little has been making sense lately...

💥BREAKING: Chinese court rules #Bitcoin and crypto trading legal, but not for payments.
https://twitter.com/BTC_Archive/status/1570362589955379202?t=Ck76it8vCfH3FMRUJm3n9A&s=09

Unless it's some kind of exclusive news that no one knows about yet - just 24 hours ago we could read this:

The First Intermediate People’s Court of Beijing said in a verdict that although China prohibits crypto trading, cryptocurrencies can be protected by law as a kind of virtual asset.

The mid-level court said in an appeal case file released publicly on Sept. 7 that cryptocurrencies should be considered as virtual properties, as a joint announcement by the Chinese central bank in 2013 said “Bitcoin should be, by its nature, a specific virtual commodity.”

The court said “there are no laws, administrative regulations or departmental rules that negate the protectability of cryptocurrency itself as virtual property.”

[Cryptolove20015]

Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on Bitcoin's PoW.

Source: https://twitter.com/BitcoinMagazine/status/1570418736385097730

[LFC_Bitcoin]

Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on Bitcoin's PoW.

Source: https://twitter.com/BitcoinMagazine/status/1570418736385097730

Ahhh, this nonsense again? Whilst irritating, I’ll take the free forked, shitcoins thank you.

[ChartBuddy]

Explanation

[NotATether]

Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on Bitcoin's PoW.

Source: https://twitter.com/BitcoinMagazine/status/1570418736385097730

Change the code eh? And what do they expect us to do, perform a disruptive merge so they can laugh at our faces at this artificial price stunt?

I'm not exaggerating. ETH's merge just finished with the price down to $1400 from $1700 a few days ago.

[Republikcoin.com]

Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on Bitcoin's PoW.

Source: https://twitter.com/BitcoinMagazine/status/1570418736385097730

Actually, that's old news that I also read on a website and basically I picked up a little bit about Bitcoin that should stay away from PoW. And Chris Williams (a writer) on a cryptobriefing website mentions that the “Change the Code” Campaign encourages Bitcoin to move away from the Proof-of-Work consensus mechanism to reduce its energy consumption. Source: https://cryptobriefing.com/greenpeace-wants-musk-dorsey-clean-up-bitcoin/

[NeuroticFish]

Is it just me or has Resistance remarkably weakened?
Bulltrap incoming?
Pump incoming?
Antoher round of long liquidations?

Hard to judge, in this crazy market era  

I would not be surprised bitcoin drop be triggered / dragged down by the wonderful ETH that afaik it went today into the bin of (ever falling) PoS coins.
But I've made already a mistake on my price expectations not long ago, so.. what do I know?

[xzy887]

Why are they talking about changing the price of electricity?

Does the change in the price of electricity have anything to do with the change in the price of Bitcoin?

[ChartBuddy]

Explanation

[jojo69]

[ChartBuddy]

Explanation

[OutOfMemory]

Why are they talking about changing the price of electricity?

Does the change in the price of electricity have anything to do with the change in the price of Bitcoin?

Yeah, uhm... sorta yes. (short answer).
But the real question is how relevant electricity prices are for the price of Bitcoin.
Miners have to pay electricity bills, so they have to sell some coins. Higher e-price, higher amounts of sold minercoins. And that is only one aspect.
Miners like to stay in profit, higher e-prices makes mining more unprofitable and that could lead to some awkward miner decisions, indirectly impacting price.
It's complex, but as the e-price has some weight in the complex Bitcoin ecosystem, it also affects Bitcoin price.
I think quite some people posting regularly in WO can explain it better than myself, and paint a more complete picture of the process, though.

[ChartBuddy]

Explanation

[Gachapin]

Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on Bitcoin's PoW.

Source: https://twitter.com/BitcoinMagazine/status/1570418736385097730

Ahhh, this nonsense again? Whilst irritating, I’ll take the free forked, shitcoins thank you.

These idiots just ignore that any "change" would lead to a fork and that people always have the freedom to decide.  

They don't seem to get that BTC functions on base of freedom and the will of the people.  Everyone is free to choose and there is not one entity that decides for the others


Like anyone else Greenpeace could just make a (greenPeace Of Shit) fork and see if the markets wants it...  
I wonder why they didn't use the million for that  


En large they seem to be communists with the "morally right" agenda, so they don't value free democratic processes that go against their ideology.  They work with propaganda and prefer dictatorial measures