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

[hisslyness]

Bitcoin is the most amazing Mathematical Wonder or Mathematical Miracle like Steve Wozniak said it once.

If you look at the below image you might see halving's block#, block reward and halving year.  But the most interesting column in this is Binary (sats).

Let me explain why...

Many people still think that bitcoin's 21 million limit is somehow hard-coded in its source code as a "number". Yes it is set in the code but it's not set as a number or like traditionally you might assume something like

CONST INT BITCOIN_MAX_SUPPLY = 21,000,000, not it's not like that.

It's pure math and algorithm, you might be amazed if you did not know this before that 21 million limit is not set in the code anywhere. But it's the reward that "Binary (sats)" column shown below is the logic that is enforcing the 21 million bitcoin limit.

If you notice after each halving that the binary column is shirking, in C++ terms it's called shifting. Shift or right shift in binary is technically like dividing any number by 2. So after each halving reward is divided by two and that binary is making sure it's done in a style. If you don't know this already that bitcoin does not deal in floating points or decimal numbers but only integers, so for example on at 29'th halving if you see reward is reduced from 9 sats to 4 sats (instead of 4.5) it is rounded off thanks to binary for keeping it simple from 1001 to 100.

Anyway, I saw this tweet and thought of sharing it




https://twitter.com/Peer__2__Peer/status/1629844105277722625

so in 2036 when I turn 79 the reward will be

0.39062500BTC

[1714577725]

1714577725

[1714577725]

1714577725

[1714577725]

1714577725

[1714577725]

1714577725

[Lainta]

BREAKING: 🇺🇸New bill passed in Wyoming protecting #bitcoin users. 👀⚡️

The new "HB0086 Disclosure of private cryptographic keys" legislation states, “No person shall be compelled to produce a private key or make a private key known to any other person"

https://twitter.com/BitcoinNewsCom/status/1629888777207382016?t=_eppmzvOQ5K8ITT46IMZUw&s=19

[philipma1957]

Bitcoin is the most amazing Mathematical Wonder or Mathematical Miracle like Steve Wozniak said it once.

If you look at the below image you might see halving's block#, block reward and halving year.  But the most interesting column in this is Binary (sats).

Let me explain why...

Many people still think that bitcoin's 21 million limit is somehow hard-coded in its source code as a "number". Yes it is set in the code but it's not set as a number or like traditionally you might assume something like

CONST INT BITCOIN_MAX_SUPPLY = 21,000,000, not it's not like that.

It's pure math and algorithm, you might be amazed if you did not know this before that 21 million limit is not set in the code anywhere. But it's the reward that "Binary (sats)" column shown below is the logic that is enforcing the 21 million bitcoin limit.

If you notice after each halving that the binary column is shirking, in C++ terms it's called shifting. Shift or right shift in binary is technically like dividing any number by 2. So after each halving reward is divided by two and that binary is making sure it's done in a style. If you don't know this already that bitcoin does not deal in floating points or decimal numbers but only integers, so for example on at 29'th halving if you see reward is reduced from 9 sats to 4 sats (instead of 4.5) it is rounded off thanks to binary for keeping it simple from 1001 to 100.

Anyway, I saw this tweet and thought of sharing it




https://twitter.com/Peer__2__Peer/status/1629844105277722625

so in 2036 when I turn 79 the reward will be

0.39062500BTC

yep and by that time things will be a lot different than today.

Hoping to stick around to at least 2052 (I would be 95)

but in the next 13 years 2023 to 2036 we should see just how big a deal BTC will be.

[shahzadafzal]

so in 2036 when I turn 79 the reward will be

0.39062500BTC

You mean?

$195,312.5 to $390,625

[BobLawblaw]

[ChartBuddy]

Explanation

[Popkon6]

Yes,

Hey buddy ,

Can you tell me if there is any new news?

[hisslyness]

so in 2036 when I turn 79 the reward will be

0.39062500BTC

You mean?

$195,312.5 to $390,625

Minimum! 

[ChartBuddy]

Explanation

[AlcoHoDL]

so in 2036 when I turn 79 the reward will be

0.39062500BTC

You mean?

$195,312.5 to $390,625

($195,312.5 to $390,625) / 0.390625 BTC = $500,000 to $1,000,000 / BTC

I find these prices a bit conservative for 2036. I hope we get there by 2028. Whatever happens, it's still a win for HoDLers.

I would advise any Bitcoin newbie to set their target at reaching 1 whole BTC. They should attain f.u. status within the next 10 years.

[BitcoinBunny]

Snake Sunak made another deal with the United Nazis of Europe.

https://www.bbc.co.uk/news/live/uk-politics-64779415

Sunak says he looks forward to working with Von der Leyen on future matters, including climate change scams and migration legalised invasions.

[BobLawblaw]

Can you tell me if there is any new news?

EUROPE POLITICS: UK and EU agree to crucial Northern Ireland trade deal in Brexit breakthrough

KEY POINTS
- British Prime Minister Rishi Sunak described the new agreement — known as the Windsor Framework — as “the beginning of a new chapter” for the relationship between the U.K. and the EU.
- European Commission President Ursula von der Leyen added that the Framework “respects and protects” the “legitimate” interests of the respective markets.
- Sunak is set to make a statement in Parliament at 1830 GMT.

LONDON — British Prime Minister Rishi Sunak on Monday signed a new trade deal with the European Union designed to remedy problems caused by the Northern Ireland Protocol.

Speaking at a news conference shortly after the announcement, Sunak described the new agreement — known as the Windsor Framework — as “the beginning of a new chapter” for the relationship between the U.K. and the EU.

European Commission President Ursula von der Leyen added that the framework “respects and protects our respective markets and our respective legitimate interests. And, most importantly, it protects the very hard-earned peace gains of the Belfast Good Friday Agreement.”

Sterling hit a session high of $1.2051, up 0.9%, shortly after the announcement. The euro also rose 0.7% hit a session high of $1.0613.

Sunak is due make a statement in Parliament at 1830 GMT. He said lawmakers would get to vote on the new agreement “at the appropriate time,” adding that vote will be “respected.”

A deal years in the making
The U.K. may have left the European Union on Jan. 31, 2020, but the Northern Ireland Protocol has sparked persistent disagreement ever since. This part of the Brexit deal mandates checks on some goods that travel to Northern Ireland from the rest of the U.K. — with the new negotiations aimed at easing these rules.

Unionist parties in Northern Ireland — which is part of the U.K, unlike its neighbor Ireland, which is part of the EU — have argued that the checks place an effective border in the Irish Sea. The Protocol has also been criticized for jeopardizing the Good Friday Agreement — a long-standing peace deal that brought an end to three decades of sectarian violence in Northern Ireland.

Sunak’s government has sought amendments to the deal signed by former Prime Minister Boris Johnson, who has led calls from the hardline Eurosceptic wing within the ruling Conservative Party to rip up the deal he himself negotiated.

Breaking from predecessors Johnson and Liz Truss, Sunak has taken a less combative approach to engagement with the EU in the hope of reaching a resolution on key issues surrounding Northern Ireland by easing checks on goods traveling across the Irish Sea.

However, he will need to convince his own party to vote for any prospective deal through parliament.

Meanwhile, the devolved Northern Ireland Assembly has been suspended since Feb. 2022 after the Democratic Unionist Party resigned in protest at the Northern Ireland Protocol. The loyalist party renewed warnings over the weekend that it would not be strong-armed into accepting a deal that did not meet its “red lines.”

[cygan]

[Patrol69]

This is exactly what happens to me when I accept trades in other coins including Bitcoin.

[ChartBuddy]

Explanation

[dragonvslinux]

Weekend is over. Price is bouncing between 50 & 200 MA on 4hr price and looking set for a breakout soon, maybe tomorrow for Turnaround Tuesday. Or Wednesday after (bullish/bearish) Monthly close.



50 Day MA continues to rise - bullish with price above
200 Day MA remains flat - neutral but price above
50 Week MA continues to fall - bearish with price below
200 Week MA continues to rise - bullish but price below

Still unable to close a Weekly candle above August closing high of $24.3K. Month ends tomorrow with price currently at previous July closing high of $23.3K. Price currently being squeezed by bullish 50 DMA and bearish 50 WMA around volume point of control. One of these MAs will have to give way soon enough. There's certainly some indecision in the market right now but should resolve itself in the coming days imo.

[ivomm]

Coinbase will suspend trading for Binance USD (BUSD) on March 13, 2023,
https://twitter.com/CoinbaseAssets/status/1630236377622228994

May be this is the reason for the 3% dip? Traders sell BTC to get BUSD - the logical thing for flat-earth trader brains 

[BitcoinBunny]

Coinbase will suspend trading for Binance USD (BUSD) on March 13, 2023,
https://twitter.com/CoinbaseAssets/status/1630236377622228994

May be this is the reason for the 3% dip? Traders sell BTC to get BUSD - the logical thing for flat-earth trader brains 

How about Accordion Coin Lite USD Classic Swap Token V3 ? Can I still trade with that? I heard good things about it. The CEO said it will moon anytime now.

[OutOfMemory]

People were talking about banning Bitcoin in the United States.
Well, Here is some good news from Bitcoin Magazine.

The United States has no intention to ban #Bitcoin and crypto - Treasury Secretary

https://twitter.com/BitcoinMagazine/status/1629538419352150017

This lady has my respect.


School kids in Brazil using #Bitcoin to buy fruit. The future is bright.

Watch this video on Twitter - https://twitter.com/BitcoinMagazine/status/1629834253503717376?s=20.

They say they have no intention but they know even if they wanted to, they couldn't ban Bitcoin

I'd say the exact same thing as an official if i plan to "regulate" Bitcoin (and Crypto) through KYC (and worse) and tax the shit out of sellers (even hodlers, in the worst case).
I'm also suspecting, if governments don't "ban" bitcoin/Crapto, it's of some good use for them. At least regarding the fiat-centric governments like the US, which do issue a global currency, namely the USD.

EDIT: For those wondering about my unusual low posting rate, i got a job in an electronics B2B company for a couple of weeks.

[ChartBuddy]

Explanation