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

[ChartBuddy]

Explanation
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[shahzadafzal]

Wow! Impressed!

The girl in red even appears to be aware of the situation and enjoying it (her mouth increasingly smiling). Also the movement of their body/hands and even the people in the background, appear very natural. This looks much more than merely morphing the image by a simple shift+interpolate.

AI has come a long way, it's getting mildly scary...

BTW, a friend was telling me the other day, that the banking system will soon be using AI to detect "unusual" money traffic and screen/block transactions at will. Something that is now done by humans on very few select cases will soon be done by AI in real-time on the entirety of the accounts.

Bitcoin fixes this, but TPTB have immense power, that is not to be underestimated. And, remember, the entire blockchain is public and available. Feed it to an AI and it could link addresses to wallets, to old transactions, to actual names of real people. No Bitcoin mixer will be able to stop it, at least as things currently stand. Reminds me of Jimmy Zhong's story and how the FBI/IRS caught him, same with Ross Ulbricht and others. An AI would be able to find them in a fraction of the time humans could. And even draft the indictment documents, complete with all needed evidence, while at it.

I'm more worried than excited if I'm honest, because it is 100% certain that AI will be used by the establishment as a tool to exert influence, authority, pressure and control over people. And, considering the huge amount of resources needed to implement such an AI, it won't be a poor man's sport. Human lawyers won't stand a chance against an AI prosecutor.

Maybe another Nakamoto will soon be sorely needed...

Memes aside, I had similar thoughts just a few minutes back. I was watching some stories about the OpenAI saga that happened last week, and people are speculating that the reason behind this drama could be an AGI (Artificial General Intelligence) Project Q* (Q Star). Speculatively, OpenAI has created something really big that could directly harm or challenge humanity, and Sam Altman might have been moving fast. He hinted about "some significant breakthrough" during OpenAI's first developer conference, and even Elon Musk replied to Ilya Sutskever to explain if there's something potentially dangerous to humanity.


https://twitter.com/elonmusk/status/1726753202786173249

Yes, it's not just scary; it will come back to haunt the creators (us), and no one will be safe. I don't want to be dramatic, but if AI takes over, we will lose trust in humanity. It will be impossible to differentiate if it's AI commanding you or some humans.

And this banking AI theory to deduct frauds is less scary when you consider that many governments are using AI technologies to predict and prevent crimes. This means you could be arrested because it's predicted that you might commit a crime in the future.

[AlcoHoDL]

Wow! Impressed!

The girl in red even appears to be aware of the situation and enjoying it (her mouth increasingly smiling). Also the movement of their body/hands and even the people in the background, appear very natural. This looks much more than merely morphing the image by a simple shift+interpolate.

AI has come a long way, it's getting mildly scary...

BTW, a friend was telling me the other day, that the banking system will soon be using AI to detect "unusual" money traffic and screen/block transactions at will. Something that is now done by humans on very few select cases will soon be done by AI in real-time on the entirety of the accounts.

Bitcoin fixes this, but TPTB have immense power, that is not to be underestimated. And, remember, the entire blockchain is public and available. Feed it to an AI and it could link addresses to wallets, to old transactions, to actual names of real people. No Bitcoin mixer will be able to stop it, at least as things currently stand. Reminds me of Jimmy Zhong's story and how the FBI/IRS caught him, same with Ross Ulbricht and others. An AI would be able to find them in a fraction of the time humans could. And even draft the indictment documents, complete with all needed evidence, while at it.

I'm more worried than excited if I'm honest, because it is 100% certain that AI will be used by the establishment as a tool to exert influence, authority, pressure and control over people. And, considering the huge amount of resources needed to implement such an AI, it won't be a poor man's sport. Human lawyers won't stand a chance against an AI prosecutor.

Maybe another Nakamoto will soon be sorely needed...

Memes aside, I had similar thoughts just a few minutes back. I was watching some stories about the OpenAI saga that happened last week, and people are speculating that the reason behind this drama could be an AGI (Artificial General Intelligence) Project Q* (Q Star). Speculatively, OpenAI has created something really big that could directly harm or challenge humanity, and Sam Altman might have been moving fast. He hinted about "some significant breakthrough" during OpenAI's first developer conference, and even Elon Musk replied to Ilya Sutskever to explain if there's something potentially dangerous to humanity.


https://twitter.com/elonmusk/status/1726753202786173249

Yes, it's not just scary; it will come back to haunt the creators (us), and no one will be safe. I don't want to be dramatic, but if AI takes over, we will lose trust in humanity. It will be impossible to differentiate if it's AI commanding you or some humans.

And this banking AI theory to deduct frauds is less scary when you consider that many governments are using AI technologies to predict and prevent crimes. This means you could be arrested because it's predicted that you might commit a crime in the future.

Minority Report -- just swap Precog with AI!

[philipma1957]

I wouldn't be surprised if we get another leg up to 41k-44k before having a major correction.

Yeah but we enter in the last month when so many people start to close thei portfolios and start to make the accounts, and look if they where on  profit or losing money, so they are gonna take some profit and close the year. So for me we can see a mayor correction right now to 30/31 k.

I see someone looking for coins at a cheaper price.

We are not going to correct until we get quite a bit higher than 36-38k

[OgNasty]

I wouldn't be surprised if we get another leg up to 41k-44k before having a major correction.

Yeah but we enter in the last month when so many people start to close thei portfolios and start to make the accounts, and look if they where on  profit or losing money, so they are gonna take some profit and close the year. So for me we can see a mayor correction right now to 30/31 k.

I see someone looking for coins at a cheaper price.

We are not going to correct until we get quite a bit higher than 36-38k

I think we could see a correction if the mtgox coins are distributed in the near term. Won’t really matter what the price is to a lot of those folks. Many will just want to immediately sell. That will have to force the market down a bit. It will be short lived though. I think nothing is going to hold this market down over the next 18 months though. The end of this ride is in six figure territory.

[vapourminer]

AI news - static memes are now moving!

Is this really AI-generated?

Serious question.

https://arstechnica.com/information-technology/2023/11/stability-ai-releases-stable-video-diffusion-which-turns-pictures-into-short-videos/

https://github.com/Stability-AI/generative-models

runs on locally GPU if youre hardcore enough to set it up


edit: not that i understand any of this lol

[JayJuanGee]

and according to "THE DAILY HODL" the price can exceed $40k:

I noticed something that I feel is a very good indication of growth in the market. I expected the situation with Binance to really affect the market negatively, like send the price of bitcoin lower, but it has not. so a quick question is?

Has the market become stronger? or did Binance handle the situation well not to cause FUD.

Or is it that Binance is Shitcoin central and no-one that matters gives a shit if that cesspool goes down.

Binance continues to hold a lot of bitcoin, even after a lot of withdrawals over the last year or so, and they seem to have most (if not all) the BTC that they claim to have... or at least the runs on the bank has not caused significant delays or even a shutting down of the exchange due to their not having the BTC.. which surely was part of the reason that FTX faired so badly during their run on the bank as compared to multiple runs on the bank that Binance had been experiencing over the last year or so.

Your point?

Aren't we Mr. Grumpy.


I already made my point.

buddy be bopping along.

hey jjg my gpus are whaling. pulling in a goodly amount of btc.

nicehash and kawpow directly mining to btc.

ai has pulled a ton of gpus off nicehash so the alts are waking back up.

plus paid for heat in my house win win.

Of course, you made choices regarding investing in equipment, and some people like having hobbies.. I am not sure if buying mining equipment outperforms just buying BTC, except surely we saw that miners were really raking in the doe in 2021 when it seemed that the China hash power was under attack by the Chinese government.

No reason to cry
24 is on the way
All reason to buy

you had me, until you got to this part.  

Sure it could be possible to have an extreme dip (such as to $24k) prior to going up, but it seems as wishful-thinking more than anything.

We have seen these kinds of wishful-thinkenings a lot in bitcoin.

Think about March 2017, when they price had gotten up to $1,200 or so, and then dipped back to $850--ish, and Vinny Lingham and some others were talking about $500 being inevitable... sucks to be the guys who either sold then or who failed/refused to sufficiently/adequately stock themselves up and to prepare for UPpity.

Similar a couple of times in 2018, 2019 and even lingering into 2020 when sub $2k and even sub $1,500 were "needing to be" revisited the most that we got was a few corrections of the lowest in 2018 down to $3,124 and then the late 2019 correction only ended up dipping slightly below $6,500 and and then even the seemingly black swan event of March 2020 we ONLY got down to $3,850... so many of those guys were too greedy.

I suppose that our 2022 dips down to $15,479 did have quite a few folks saying that sub $12k and even sub $10k had to be revisited, but so far that has not happened.. and it is likely that we are doing to have some similar circumstances of expected low BTC prices that do not end up getting reached.

Never say never, even though I do have quite a few doubts regarding that level of correction.. even though I am not going to be surpised so far as to not have money to buy down to those kinds of price levels.

Ps.  By the way, we had about a year an a half of a lot of opportunities to buy BTC when the BTC price was at or below the 200-week moving average, an surely not a common occurrence, and we are not even needing to have had taken advantage of the absolute bottom of $15,479 (which was about 35% below the then 200-week moving average of $24k).  And for the total spread of the nearly year and a half that BTC prices spent a lot of time below the 200-week moving average, the 200-week moving average continued to move up.. little by little by little, and historically the 200-week moving average moved up close to its lowest annual rate ever, which was only about 20% (and you can see that in my updated fuck-you status chart).. but at the same time, it moved up from $22k to $29k from May 2022 until now.. and so, expecting the BTC price to continue to drop below the 200-week moving average merely because you have recently received such gifts in the past may well be expecting way more than is reasonable and even realistic.. . .your rescue ship was here.  Remember?  But did you take it?   Even in more recent times, we spent nearly 2 months below the 200-week moving average (between August and September) just before going up the last time around from $26k/$27k until our current price, and a future dip may or may not end up happening, so hopefully you are sufficiently/adequately prepared for UP, in the event that such further DOWNity does not end up playing out.

Edited the P.S. further, to clarify timeframes a bit MOAR better, and to add a link.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

~ Hypophil ~

I guess your handlers did not appreciate my “selling 60%-90% of the corn accumulated each cycle is a must” thesis did they?
#desperate.fagot.AI

Well, it seems that I had a few variations of how to sell.. and one of them would be to sell 10% for every time that the price doubled, another possibility would be to sell up to 25% for every time the price doubled, and I think a bad variant would be to sell 50% or more since if you sell 50%, you are not getting any compounding effect, even though you are getting out all of the short-term profits, and after several responses, I was getting the sense that Philip may well have had been doing something closer to selling 50% or more rather than more conservative sell amounts, yet even with the more conservative sell amounts, there could be some booster amounts (sales) that might be thrown into the mix.. especially if the BTC holdings had doubled several times, and therefore would have compounded several times.

Another thing with Biodom's response to the matter, he was correctly asserting that selling 1% every 10% rise is going to end up with more sales and more undermining of the BTC portfolio rather than selling 10% every 100%, and I would be more than willing to show another kind of calculation and formulas for cashing out in smaller increments while at the same time buying back at various intervals in order to cause the smaller increments to likely have even less actual depletion of the BTC in the holdings, even though there are ongoing sales of BTC on the way up. 

Anyone want to compare it.. the HypoPhil with various buy backs?

Anyone?

Anyone?

Sounds like fun - I am looking forward to it.

#so.homo

No comment.

Protip:  You could look in the mirror if you are hoping to witness a hyperbolic evil wannabe.

Yeah, the truth can have an ugly face to the ones trying to suppress it.
Far from “evil” though, or were you referring to your daddy no1 and daddy no2?

If you reconsider what I actually said, from my perspective there likely is a difference between actual evil and "a hyperbolic evil wannabe"

so with either of the double tops we need to be at 186-197k when peaks hit in late 2024 early 2025.

This cycle’s peak is late 2025 FYI.
#miserable.human.being.animal

Yeah.. no need to deviate from the 4-year fractal.. absent some kind of justification that is more than just spouting out without backing it up with anything... let alone insufficient to overcome the presumption.

Your point?

It doesn’t have one, it never does, it only keeps blabbering AI propaganda.

That's a good point.

[eXPHorizon]

Everything will be Just fine.


https://youtu.be/qpG1VjswM_4

It has Officialy Started

[ChartBuddy]

Explanation
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[Taskford]

I see someone looking for coins at a cheaper price.

We are not going to correct until we get quite a bit higher than 36-38k

I think we could see a correction if the mtgox coins are distributed in the near term. Won’t really matter what the price is to a lot of those folks. Many will just want to immediately sell. That will have to force the market down a bit. It will be short lived though. I think nothing is going to hold this market down over the next 18 months though. The end of this ride is in six figure territory.

Provably this will happen since many people think about not buying when mtgox refund even will happen since majority might think about a major dump will possibly happen since there's a lot of them got a lot of profit for selling at current rate and for sure there's a lot of them want to sell first so that they will not left behind to sell at more higher price.

If that time happen then its good opportunity for us to wait for a dump since its always good to catch the dip especially for bitcoin since this is good opportunity for us to earn especially if we want to hodl in preparation for next year possible bullish trend.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[philipma1957]

beware buddy backing off 38k is not what we want.

charge.

[JayJuanGee]

beware buddy backing off 38k is not what we want.
charge.

When did that backing off happen?  I must have been sleeping during such purported BIG "backening offening" that may well be in the room with us right now... No?

[ChartBuddy]

Explanation
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