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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714886619]

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[sirazimuth]

O/T.
Anyone been watching the black mirror series?
Just caught up on season 6.
This sort of stuff is right up my street.
Love it.
First episode of season 6 even has Selma Hayak in it!

Big fan. Have binged every season/episode since it started.
Great stuff.

[FinePoine0]

#Bitcoin    did not come out of the blue. It’s the result of 40 years of #research, #development and demand.




Bitcoin prehistory 1973-- 2009 In years

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

O/T.
Anyone been watching the black mirror series?
Just caught up on season 6.
This sort of stuff is right up my street.
Love it.
First episode of season 6 even has Selma Hayak in it!

Yeah, it was great not sure why got cancelled.

Everything I like gets cancelled and pure unadulterated garbage gets put in its place.

It's not cancelled, what you talking about? It was picked up by Netflix after Channel 4 ditched it in favour for all the crap they usually show years ago.

It's relatively successful from what I've seen so I'm sure they will continue with a season 7. They're just very slow in making it all the time as Charlie Brooker writes almost all the stories.

Season 6 is ok. Some of it is meh, some of it is pretty good. The photographer episode was far too short and jumped around too much at the start. I fail to see the reason for the 5 minute Czech Republic setting. The Loch Henry episode felt incomplete and not really Black Mirror material. Some strange choices at times.
The Demon '79 episode is my favourite (still a few things could have been better but almost really great). I'd like to see more of that type of stuff (a specific time setting - it had excellent music/song choices that helped to create the believable atmosphere).

It's definitely not as good as the likes of Twilight Zone used to be (the original series).

But definitely a better than average watch I would say.

Okay I guess I will check it out. I just finish 9 seasons of the Flash. Mostly watched while pedaling on my indoor bike over the last 3 months.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

I'm starting to get the fear $30k is not going to hold

[Hamza2424]

Quite weird, I am not sure about the ground reality but currently, this is a fact at least in maximum geographical regions. Directly or Indirectly we are paying massive taxes. They are getting the money we have earned through hard work and selling our services for free.

[Hamza2424]

I'm starting to get the fear $30k is not going to hold

Hmm seems like the market is showing already great support in favor of the physiological resistance of 30.5k and 31k. I was hopeful for the breakout but seems like the trend is getting a bit neutral so let's wait for a few hours.

[Hueristic]

It's not cancelled, what you talking about? It was picked up by Netflix after Channel 4 ditched it in favour for all the crap they usually show years ago.

...

Wasn't aware it got picked up again.

 2016,17,18 and 2019 all had a series released and then nothing.

A sixth series was commissioned in 2022 and was released on 15 June 2023.

I'm off to watch Season 6.

[JayJuanGee]

[edited out]

@JJG...sooner or later...developers would have to address concerns like mine.
Some others state that the loss rate is maybe even 4% a year now, which is kind of high (https://blog.trezor.io/what-happens-to-lost-bitcoin-71eb5a80cc74).
I think that it is inevitable that some solution would be advanced (once we find out the actual rate of loss).
Could some solutions cause a fork? Hopefully not, but we shall see.

However I see most of bitcoiners solidly supporting the idea of no more than 21 mil btc, but maybe not the idea of a constant decrease in that number (or what is actually available).
To me, personally, the idea of supply shriveling to a few bitcoins and then dealing with fractions of satoshi to buy houses sounds positively Kafkaesque.
EDIT: btw, that hisslyness post you fondly refer to does not 'work' if we lose a set number of bitcoins per year (around 286K or 1.36% of the whole supply). He actually made a distinction between 75 years (in his calculation) counting as a fixed number lost/year OR 1231 years if a fixed % of current supply is lost for a year. I was talking about the former, but it flew over your head somehow. Sometimes you just need to read stuff more carefully.

I doubt that the specifics of the calculation really matter very much, and you may well be correct that I did not get too much into the details of your bad maths and your bad sciences because even if hissleness might not have said it very well, if there is anything like a 1% to 4% per year shrinkage in the bitcoin supply, then that is going to cause upwards price pressures that are higher than what we might have already considered - absent some of the effects of the various paper bitcoin.. .. and surely in the end, he also made the point that if there is high loss of bitcoin, then likely people are going to become more inspired to take more careful precautions not to be losing their cornz. .since they are likely going to be going up in value at a higher rate based on the combination of lowering of the new issued supplies (with the reduction of the halvenings shrinking the new issuance to zero) combined with ongoing losses of coins that could be of varying rates, and even if we might get down to having ONLY 1 coin in a few hundred years, then the BTC price will likely adapt to such a shortage of the supply, and whether there are more actions needed beyond merely going down to lower and lower decimal places might be a question of conjecture.. because surely satoshis could end up getting divided into 8 digits or even an infinite number of digits -

to quote a famous government/banking official.  


There are an infinite number of digits within a satoshi... problem solved, no?

You will (or you should) thank me later, once you go back and study your maths and your sciences.

Also Protip: make sure to guard your cornz because they are going to be worth more and more and more, and even more than you previously thought that they were going to be worth between 2014 and 2019 when you were whimpily stacking them (or failing/refusing to stack them - relatively speaking) ...  

[ChartBuddy]

Explanation
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[nutildah]

I'm starting to get the fear $30k is not going to hold

Nonsense. We came here to find the American Dream. Now that we're right in the vortex, you wanna quit?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I'm starting to get the fear $30k is not going to hold

Nonsense. We came here to find the American Dream. Now that we're right in the vortex, you wanna quit?

this looks okay maybe we do a nice green candle while I sleep.

 31k here we come.

[BobLawblaw]

Nonsense. We came here to find the American Dream. Now that we're right in the vortex, you wanna quit?

There he goes. One of God's own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die.

[ChartBuddy]

Explanation
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[JimboToronto]

https://www.youtube.com/watch?v=6oAIoBpKkKU

 

[Learn Bitcoin]

O/T.
Anyone been watching the black mirror series?
Just caught up on season 6.
This sort of stuff is right up my street.
Love it.
First episode of season 6 even has Selma Hayak in it!

You should start with Demon 79 and end with Joan Is Awful.
It will give you a whole new perspective. I didn't watch it yet though
You can watch it in reverse order.

[Learn Bitcoin]

https://www.youtube.com/watch?v=6oAIoBpKkKU

 

Teaching some kind of alphabet? al,am,aa,aa
I translated some comments, and it seems this is not for kids
BTW, Would you mind explaining L. M. A. A?