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

[LDL]

Explanation

Bear Market Again

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[ChartBuddy]

Explanation

[JayJuanGee]

FUN FACT: There are more than 150 million Bitcoin and crypto users in 🇮🇳 India, 🇮🇩 Indonesia, and 🇳🇬 Nigeria alone.
twitter

What is so "fun" about that?

And how would you know?

We had recently explored some statistics asserting world-wide population of bitcoin adoption is about 140 million, which is a number that you are proclaiming to be "facts" in regards to just three countries.

I have my doubts, unless you can define what the fuck "crypto" users happen to be... not that any of us in this thread give too many shits about what is crypto, anyhow?   Maybe if you focus on "bitcoin" (have you heard of it?  do you know what it is?  Do you know what it is compared to what "crypto" is?  Do you know what you want to refer to bitcoin and crypto rather than just referring to bitcoin?), then maybe you might come out with some more relevant assertions, to the extent that you have any ideas going on within your brain that goes beyond what is stated in some twitter threads.

But there will be only 21,000,000 bitcoins

Or 0.002625 btc/per person

Maybe 6 bil adults, so ~0.004 per adult-plankton
10X more than average is 0.04 btc (just about $500 rn)-shrimp
100X more than average  is 0.4 btc-fish
1000X is 4 btc-dolphin
10000X is 40 btc-whale
100000X is 400 btc-blue whale (i know that they posted much higher number before, but this is what I surmise the whale size account would be eventually and the prominence of whales confirms as there are about 10K-25K blue whales and 14K addresses between 100 and 1000 btc)

These depictions of the significance of these numbers seem somewhat reasonable.

You could become a whale Biodom, if you were able to double your stash.   

Also, there seems to be a lot of value between a regular whale and a blue whale... I am not sure about the meaning of such. but just an interesting observation that there might be a lot of "normie" bitcoiners who entered into bitcoin in the 2012-2016 time frame who would fall within such range - that is they had happened to have been somewhat aggressive and not whimpy without being overly aggressive or making some pretty BIG trading like mistakes..

I can think of a few who might fit in or out of this range..and not even saying exactly - though I am thinking that poor widdo Searing, who had been with us so long - and who was pretty strongly in solid arenas of this territory is neither no longer with us, and may well had not been able to use his coins... sure it would be nice to be wrong in this speculation of mine.

Does using averages, especially over the human population, make sense in that case ? Most people have 0 sat.

Personally, I believe that there are a lot of ways to "fairly" frame the issue, including but not limited to hypothetical "world-wide" averages, and accordingly in that case to compare if you are "above" or "below" what the amount of bitcoin that the average "human" or "adult human" would have in the event that BTC were to be "evenly distributed" throughout the whole planet.

Sure, I get your point in that we know that we are going through an "intellectual" and "hypothetical" exercise that NEVER is going to happen... Yes, I hate to use absolutes, but in this case, there are so many reasons that we absolutely know that bitcoin is NEVER going to completely experience even distributed around the world, and we also know that bitcoin is not going to ever even come close to becoming evenly distributed throughout the world.. because bitcoin no does not work like that.. Bitcoin works on the basis of both being able to know about it and being able to act upon your knowledge in order to work towards getting some of it, and if you do not do both of those things, then you are likely going to be disadvantaged because it is doubtful that anyone is going to give it out to you for free.

Another thing that we know about bitcoin is that there are a decent number of people who have engaged in behaviors to gather way more than their average allocation, so it seems quite likely to me that those people who are greedy and/or hoarding bitcoin are going to be disproportionately rewarded as compared to those who either take whimpy actions or average actions to accumulate BTC. 

Like I mentioned, there seems to be a variety of ways that we can attempt to speculate about ways that bitcoin are going to be distributed throughout the world in order to figure out our own relative standing, including that we could attempt to figure out what the bitcoin hoarders are doing and to see how much BTC supply is going to be left for us and to figure out if bitcoin has a good, fair or low price relative to the overall supply or whether bitcoin might be "overpriced"...

On a personal level, it is up to each of us to figure out how to price bitcoin, and to attempt to figure out if we should attempt to get more (in case it catches on) or not.

[ThemePen]

Will 2023 be like 2015, 2019 or worse?



https://mobile.twitter.com/Bitcoin/status/1589297587391434752

[heslo]

I don't know why it's news

News part is Zhong pleads guilty. This puts US Marshals one step closer to actual possession (rather than custody) of the seized assets).

Without breaking his opsec I'm fairly certain Zhong was an early WO member here. At least the evidence I've seen seems to link him to that account

[ChartBuddy]

Explanation

[LDL]

Donald Trump to Run for 2024 US Presidential Election; Will Bitcoin Benefit?



Donald Trump wants another dance with the American presidency. Last month, he gave the strongest hint of his intentions yet. Bitcoin (BTC) and crypto may be primely positioned in the event one of America’s most divisive presidents in recent memory wins re-election.

cryptonews

[OutOfMemory]

30M Jobs
10%

300 million unemployed in Nigeria?

But yeah I can see how "cryptos" can help all those Nigerians that are having trouble moving their uncle's inheritance out of the country.

300 million possible nigerian princes, copying and pasting Emails, maybe?
 

Donald Trump to Run for 2024 US Presidential Election; Will Bitcoin Benefit?



Donald Trump wants another dance with the American presidency. Last month, he gave the strongest hint of his intentions yet. Bitcoin (BTC) and crypto may be primely positioned in the event one of America’s most divisive presidents in recent memory wins re-election.

cryptonews

Please help my poor mind.... What did Donald achieve as POTUS again?
Americans are not as forgetful as me, but about half of them believe in the "new world order" Donnie used to propagate.

[LoyceV]

We had recently explored some statistics asserting world-wide population of bitcoin adoption is about 140 million

Every time I read such numbers, I check how many funded Bitcoin addresses actually exist: 43 million.

[Cryptotourist]

I am not sure what is FE thread....

Flat Earth.
You know, the conspiracy theory that dictates that the Earth is not a marble, and that OOM actually shoots those photos.

You will watch bitcoin go up and down, and you will be happy.

Good one. Freakingly good.

For example in my previous job of ~5 years my spouse was never inside my office because it was just easier for me to get outside.

Oh my.
Let’s make transgender toilets great again.

Just to be clear, you can send me your ID and/or a dick pick - and I still won’t believe you.

Never mind the 180 day viagra incident.

Yes … mind!
Ah phil, what would WO be without you.
Was that the first time you sodomized a wall?

[ChartBuddy]

Explanation

[eXPHorizon]

[OutOfMemory]

I am not sure what is FE thread....

Flat Earth.
You know, the conspiracy theory that dictates that the Earth is not a marble, and that OOM actually shoots those photos.

Sorry, i feel ashamed that i didn't show you the original, unedited photo. FE is real! Here's proof:

[John Abraham]

We had recently explored some statistics asserting world-wide population of bitcoin adoption is about 140 million

Every time I read such numbers, I check how many funded Bitcoin addresses actually exist: 43 million.

Interesting. Then how have 140M people adopted Bitcoin? The only Possibility is the multi-sig wallet. Do you know how many of them have multi-sig addresses? If people claim that they deposited USDT and bought WBTC or something else (On different chains, Binance chain, for example), Do you think it should be counted? I won't count them. The Internet is full of fake news.

Sorry, i feel ashamed that i didn't show you the original, unedited photo. FE is real! Here's proof:

I believe you, and This is how the dinosaurs became extinct.

[LoyceV]

Then how have 140M people adopted Bitcoin?

My assumption is they include people who "own" Bitcoin on an exchange, just like people who "own stock" are counted, even though their broker holds them.

If people claim that they deposited USDT and bought WBTC or something else (On different chains, Binance chain, for example), Do you think it should be counted?

There's Bitcoin, and there's scammers trying to sell their own made-up token as Bitcoin. So no, I don't count them. They're meaningless.

[John Abraham]

If people claim that they deposited USDT and bought WBTC or something else (On different chains, Binance chain, for example), Do you think it should be counted?

There's Bitcoin, and there's scammers trying to sell their own made-up token as Bitcoin. So no, I don't count them. They're meaningless.

People are still buying them and holding them. WBTC Marketcap is $4,849,290,817 (at the time I am writing). Not sure how its rates work. WBTC's circulating supply is 245,480, and no Max Supply limit exists. That means, The creator can increase the supply limit to infinite, and all the money will vanish in no time. He can create unlimited tokens and sell them since WBTC is already listed on Top CEX and DEX. I don't know if I am wrong.

[eXPHorizon]

Suuree theres only 21mil bitkooins 😂 if u believe that then ur probably one of the solar and cow peoples and ofc FE

[ChartBuddy]

Explanation

[HI-TEC99]

I am not sure what is FE thread....

Flat Earth.
You know, the conspiracy theory that dictates that the Earth is not a marble, and that OOM actually shoots those photos.

The thread's here.

https://bitcointalk.org/index.php?topic=1009045.0

It's first post was on April fools day. Some of us used to take the piss out of the thread starter until he locked it.

[ChartBuddy]

Explanation