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

[fillippone]

An interesting paper by Fidelity Digital Assets, the Bitcoin Maxis of Wall Street, that could be useful to forward to any nocoiner trying to criticise Bitcoin:

In November 2020, we highlighted some of the most common Bitcoin criticisms that were sourced from our regular conversations with institutional investors and observation of public commentary on Bitcoin. More than three years later, Bitcoin not only remains the largest digital asset by market capitalization, but continues to grow as a monetary network.
In this piece, we address common Bitcoin criticisms and misconceptions—some legitimate, some debunked. First, we revisit criticisms we’ve covered in 2020, which have been refuted many times over:
1.       Bitcoin is too volatile to be a store of value.
2.       Bitcoin has failed as a means of payment.
3.       Bitcoin is wasteful and/or bad for the environment.
4.       Bitcoin will be replaced by a competitor.
5.       Bitcoin is not backed by anything.
 
The original criticisms above are those we believe can be refuted or are unlikely to be a serious concern. However, we believe that there are a few legitimate concerns that have some, even if small, probability of occurring and, therefore, investors should be aware. These include:
1.       A bug in Bitcoin’s code could render it worthless.
2.       Regulations will slow Bitcoin adoption.
3.       People could lose interest.
4.       There are “unknown unknowns.”

I think I posted the original paper in November 2020 here on the WO as well...

[nutildah]

Lawl. Are NFTs still a thing?  

A lot of NFTs are going to zero, or are already there, and won't recover. Older, scarce NFTs are still in demand.

Some iconic Bitcoin NFT collections, like Spells of Genesis and Rare Pepe have held up quite well.

 

Both of these cards (Counterparty tokens) are rarely sold for under $200k.

In 2014 I registered all 32 NFL team names on Counterparty. This year I put them up for sale. So far I've sold 25/60 sets.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[PytagoraZ]

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Hi, ChartBuddy

I think you are the only member who knows the most about bitcoin prices. Can I ask? what will the price of bitcoin be next year, let's talk about it. Tell me what you want for it, maybe a ladies night? or holiday tickets? come on tell me the price, I'll toast you for that

[ChartBuddy]

Explanation
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[philipma1957]

Pro tip: Don't bet on it.

Don't bet, period. Gambling is for losers.

betting is fine. just do not bet at the wrong odds ie gambling.

If you mine at a pooling you are making a favorable bet if

A) your power is cheap
B) your gear is cheap
C) you have someone to repair the gear.

So you are investing with that bet.
but if you mine at a solo pool with a high cost of hash you are gambling with that bet.

[ChartBuddy]

Explanation
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[OutOfMemory]

Spiritually aware human beings are capable of predictions and prophecies, in the 6th sense dimension/realm.

I quote that for future reference ...or for your psychiatrist

de
lu
si
on
al

[ChartBuddy]

Explanation
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[eXPHorizon]

Spiritually aware human beings are capable of predictions and prophecies, in the 6th sense dimension/realm.

I quote that for future reference ...or for your psychiatrist

de
lu
si
on
al

No not Delusion. It is Real.. Well you perhaps might be delusional and some more WOers but what antisthenes said is true.

[Lucius]

@philipma1957, good news for all those who want to return to their youth - and just when the "medicine" is on the market, all long-term bitcoiners will be able to afford it

A new therapeutic developed from compounds found in pig’s blood can reverse the age of rats, researchers claim in a new study.
The anti-ageing therapeutic – dubbed E5 – was developed from the blood of a young pig and injected into ageing rats, according to a new study published recently in the journal GeroScience.
E5, which consists of complex nanoparticles and young plasma sourced from pigs, could reverse the biological clocks of the rats by nearly 70 per cent on average, said researchers, including those from the University of California, Los Angeles (UCLA).
If the results can be translated to humans, it could mean the reversion of an 80-year-old to the age of 26, scientists claimed.

[ChartBuddy]

Explanation
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[jojo69]

Apparently shitcoins are also bad for your health.

https://www.morningstar.com/news/marketwatch/20231106271/apefest-host-confirms-15-people-suffered-eye-pain-and-vision-issues-after-bored-ape-nft-event

"Guests have reported seeking medical attention for 'severe eye burn' and 'extreme pain' following the NFT party in Hong Kong

At least 15 guests who attended a Bored Ape NFT event have reported suffering pain and burning in their eyes, which some of them are blaming on the fest's bright lighting.

Yuga Labs, the blockchain company that hosted the "ApeFest" event in Hong Kong, confirmed that several guests have complained of eye discomfort and vision problems following the celebration of the Bored Ape Yacht Club's non-fungible tokens collection (aka NFTs) over the weekend..."

https://www.youtube.com/watch?v=6DlfLthx89E

[Volgastallion]

@philipma1957, good news for all those who want to return to their youth - and just when the "medicine" is on the market, all long-term bitcoiners will be able to afford it

A new therapeutic developed from compounds found in pig’s blood can reverse the age of rats, researchers claim in a new study.
The anti-ageing therapeutic – dubbed E5 – was developed from the blood of a young pig and injected into ageing rats, according to a new study published recently in the journal GeroScience.
E5, which consists of complex nanoparticles and young plasma sourced from pigs, could reverse the biological clocks of the rats by nearly 70 per cent on average, said researchers, including those from the University of California, Los Angeles (UCLA).
If the results can be translated to humans, it could mean the reversion of an 80-year-old to the age of 26, scientists claimed.

I really hope to start to see this finally on real life, but im reading and seeing this in the news from the early 2000 but no ones has reached the market yet.

Imagine this is true and fully available, are we prepared to live much more longer? With all of our beliefs changing so fast in this new era? I think we are gonna hit a big wall about mental health, and we gonna ended pray to die. (Yes i know this sound really fatalistic, but im talking about a hipotetical case and in a philosopical way.)

[OROBTC]

...

Yikes!  Next block (815731) showing a median fee 0f 102 sats/vB (over $5.00) for a simple transaction.

Maybe bank wire transfers can make a comeback?  


Edit: over 108 now...

[philipma1957]

@philipma1957, good news for all those who want to return to their youth - and just when the "medicine" is on the market, all long-term bitcoiners will be able to afford it

A new therapeutic developed from compounds found in pig’s blood can reverse the age of rats, researchers claim in a new study.
The anti-ageing therapeutic – dubbed E5 – was developed from the blood of a young pig and injected into ageing rats, according to a new study published recently in the journal GeroScience.
E5, which consists of complex nanoparticles and young plasma sourced from pigs, could reverse the biological clocks of the rats by nearly 70 per cent on average, said researchers, including those from the University of California, Los Angeles (UCLA).
If the results can be translated to humans, it could mean the reversion of an 80-year-old to the age of 26, scientists claimed.

I really hope to start to see this finally on real life, but im reading and seeing this in the news from the early 2000 but no ones has reached the market yet.

Imagine this is true and fully available, are we prepared to live much more longer? With all of our beliefs changing so fast in this new era? I think we are gonna hit a big wall about mental health, and we gonna ended pray to die. (Yes i know this sound really fatalistic, but im talking about a hipotetical case and in a philosopical way.)

If my wife and I could age backwards from 66/67 to 26/27 in 1 year we would sign up for it.

But if they make you do it over and over and over it would not be so fine. Maybe 9 times like a cat's so called life.

[ChartBuddy]

Explanation
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[eXPHorizon]