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

[Gachapin]

I doubt that the majority of users/money prefer a fork where coins can be moved without having the keys.  There are already enough shitcoins

I think one of the reasons is that it is possible to make a lot of profit in a very short time, which is the reason why most users move towards it, and I don't think there is any other reason.

Only miners would make a profit.  Why would "most user" prefer to inflate the highly liquid supply? 

[1714730803]

1714730803

[1714730803]

1714730803

[jojo69]

[Gachapin]

looks a bit like a shit brown version of my avatar

[proudhon]

This is setting up to be a whopper of a dead cat bounce.

[Gachapin]

This is setting up to be a whopper of a dead cat bounce.

short it, easy money


disclaimer:

I'm in disbelief stage as well.  But you never know how far the badger runs, when it is on fire

[AlcoHoDL]

This is setting up to be a whopper of a dead cat bounce.

I'd call it a dead alpaca bounce. Just look at that neck!

[Gachapin]

last time we had such a high daily rsi in a bear, the bottom was in and the trend reversed

[ChartBuddy]

Explanation

[nutildah]

Explanation

[BitcoinBunny]

June 2024: W/O 100K party.

[philipma1957]

Regarding ColdKey, the project may look cool and satisfy some coiners' egos or whatever, but from the very beginning it was an idea based on trusting the creator, which is an instant no-no when it comes to Bitcoin. I personally would not trust my keys to anyone (not even my parents or siblings or GF/wife or whoever else). Not because I don't love them or trust them in the general sense. But it is a fact that all of us are human beings and are thus prone to mistakes and weaknesses, which can lead to compromising the security of whatever it is we want to protect.

When it comes to Bitcoin, you keep a low profile, NEVER reveal your keys to ANYONE, never advertise specific amounts or even ownership of any coins, never brag about how rich you are, and never compromise your OPSEC.

There's no need for ColdKeys. The best ColdKey is stored in our neurons, and should stay in there, and stay immaterial. Just like Bitcoin.

I agree with everything you've wrote, but I disagree if you wouldn't trust anyone with your keys because we're humans, we're not eternal in this world and we don't know when we left this world.

I don't think you would abandon all of your money you've make until right now, there's must be someone need to take over your Bitcoin and continue your journey to hold it.

At least your child need to know your keys, of course after they're matured, know about Bitcoin and already understand about money management.

If you die without giving the keys to anyone, the value of your stash will be distributed among all existing Bitcoiners...

I suspect frozen stale addresses with no outgoing withdrawals will one day be forfeited and add to mining rewards. Maybe starting in 2064 as the 2009 transaction would be 55 years old.

So never having a death plan for your coins means they will likely go back to miners one day.

That would mean a fork right?
I doubt that the majority of users/money prefer a fork where coins can be moved without having the keys.  There are already enough shitcoins

Besides that whole idea is utter crap. Who would decide the exact time limit and why would you suspect the coins to have no rightful owner?
You can pass your keys to your descendants for generations without moving the coins.


Be prepared for some JJG batslapping  

We are talking about human beings.  So block 1000 or 1009 what ever never withdrawn or moved.

year 2064 55 years stationary . I am 107 in 2064 so not for me.

Very easy peasy to say any block 55 years old needs to show it is not lost. Just move some coin from it.

In fact you have control of said block and address you can leave 50 coin in it. just add 0.001 and then remove 0.001 to prove it is not abandoned.

I will very likely be long gone by 2064 but rewards will be tiny and all those fat frozen blocks from 2009 will look very very very very very tempting.

Think of what 50 coins could be worth in 2064 2 or 3 million a coin 100 or 150 million dollars.

I truly would love to see that action when and if it happens.

[suchmoon]

Feels like 2017 again. Good times.

[Torque]

PSA: As much as I like a good rally, don't fall for the obvious bull trap.

Bart setup is bart.

Just look at the low, pathetic volume. Seriously, just look it.

We are sideways until the REAL volume comes online....which could be a year away.

You have plenty of time to continue DCA. Plenty.

[philipma1957]

I doubt that the majority of users/money prefer a fork where coins can be moved without having the keys.  There are already enough shitcoins

I think one of the reasons is that it is possible to make a lot of profit in a very short time, which is the reason why most users move towards it, and I don't think there is any other reason.

Only miners would make a profit.  Why would "most user" prefer to inflate the highly liquid supply? 

dude asic builders would profit the most.

And if anyone can do a 51% attack it is bitmain

look it is not something to worry about today or tomorrow or 2024 or 2028 or 2032 or 2036 or 2040

but




2024 = 3.12500000
2028 = 1.56250000
2028 = 0.78125000
2032 = 0.39062500
2036 = 0.19531250
2040 = 0.09765625    I will be 83 and talk for this idea will be more than just me. Or maybe the switch to LTC/DOGE will be getting pushed


This is what I see as long term BTC problems

for today I am fine with holding and DCA's my btc

[ChartBuddy]

Explanation

[wachtwoord]

Regarding ColdKey, the project may look cool and satisfy some coiners' egos or whatever, but from the very beginning it was an idea based on trusting the creator, which is an instant no-no when it comes to Bitcoin. I personally would not trust my keys to anyone (not even my parents or siblings or GF/wife or whoever else). Not because I don't love them or trust them in the general sense. But it is a fact that all of us are human beings and are thus prone to mistakes and weaknesses, which can lead to compromising the security of whatever it is we want to protect.

When it comes to Bitcoin, you keep a low profile, NEVER reveal your keys to ANYONE, never advertise specific amounts or even ownership of any coins, never brag about how rich you are, and never compromise your OPSEC.

There's no need for ColdKeys. The best ColdKey is stored in our neurons, and should stay in there, and stay immaterial. Just like Bitcoin.

I agree with everything you've wrote, but I disagree if you wouldn't trust anyone with your keys because we're humans, we're not eternal in this world and we don't know when we left this world.

I don't think you would abandon all of your money you've make until right now, there's must be someone need to take over your Bitcoin and continue your journey to hold it.

At least your child need to know your keys, of course after they're matured, know about Bitcoin and already understand about money management.

If you die without giving the keys to anyone, the value of your stash will be distributed among all existing Bitcoiners...

I suspect frozen stale addresses with no outgoing withdrawals will one day be forfeited and add to mining rewards. Maybe starting in 2064 as the 2009 transaction would be 55 years old.

So never having a death plan for your coins means they will likely go back to miners one day.

Why? There's no benefit to that as the exact number of outstanding Bitcoin is irrelevant and in fact it would be a form of central planning is they would be sssigned to a particular group (miners in your example).

In fact, Satoshi said all lost bitcoin should be seen as a donation to everyone else.

If someone does this it will just create another BSV shitcoin 😅

[Gachapin]

Regarding ColdKey, the project may look cool and satisfy some coiners' egos or whatever, but from the very beginning it was an idea based on trusting the creator, which is an instant no-no when it comes to Bitcoin. I personally would not trust my keys to anyone (not even my parents or siblings or GF/wife or whoever else). Not because I don't love them or trust them in the general sense. But it is a fact that all of us are human beings and are thus prone to mistakes and weaknesses, which can lead to compromising the security of whatever it is we want to protect.

When it comes to Bitcoin, you keep a low profile, NEVER reveal your keys to ANYONE, never advertise specific amounts or even ownership of any coins, never brag about how rich you are, and never compromise your OPSEC.

There's no need for ColdKeys. The best ColdKey is stored in our neurons, and should stay in there, and stay immaterial. Just like Bitcoin.

I agree with everything you've wrote, but I disagree if you wouldn't trust anyone with your keys because we're humans, we're not eternal in this world and we don't know when we left this world.

I don't think you would abandon all of your money you've make until right now, there's must be someone need to take over your Bitcoin and continue your journey to hold it.

At least your child need to know your keys, of course after they're matured, know about Bitcoin and already understand about money management.

If you die without giving the keys to anyone, the value of your stash will be distributed among all existing Bitcoiners...

I suspect frozen stale addresses with no outgoing withdrawals will one day be forfeited and add to mining rewards. Maybe starting in 2064 as the 2009 transaction would be 55 years old.

So never having a death plan for your coins means they will likely go back to miners one day.

That would mean a fork right?
I doubt that the majority of users/money prefer a fork where coins can be moved without having the keys.  There are already enough shitcoins

Besides that whole idea is utter crap. Who would decide the exact time limit and why would you suspect the coins to have no rightful owner?
You can pass your keys to your descendants for generations without moving the coins.


Be prepared for some JJG batslapping  

We are talking about human beings.  So block 1000 or 1009 what ever never withdrawn or moved.

year 2064 55 years stationary . I am 107 in 2064 so not for me.

Very easy peasy to say any block 55 years old needs to show it is not lost. Just move some coin from it.

In fact you have control of said block and address you can leave 50 coin in it. just add 0.001 and then remove 0.001 to prove it is not abandoned.

I will very likely be long gone by 2064 but rewards will be tiny and all those fat frozen blocks from 2009 will look very very very very very tempting.

Think of what 50 coins could be worth in 2064 2 or 3 million a coin 100 or 150 million dollars.

I truly would love to see that action when and if it happens.

Bitcoin gives you the ownership with 100% control. Someone being able to take coins from you or pressure you to use your keys by design is not Bitcoin anymore.  It's a shitcoin fork of Bitcoin. 

...as you said we are talking human beings... so why would the majority of users and the majority of money give up the feature of 100% control ?

[philipma1957]

well my Friday DCA hit so that makes for 12 Friday's in a row.

New miner arrived today so I will set it up later today.

Looking for more miners soon.

[ImThour]

BTC 1D

[goldkingcoiner]

well my Friday DCA hit so that makes for 12 Friday's in a row.

New miner arrived today so I will set it up later today.

Looking for more miners soon.

Mine should have hit at 17.2k I just logged in and discovered that I put in a buy order for 25% of what should have been 100%.

So...Missed out on this pump. Thanks OBAMA