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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[psycodad]

Messing around with all this has also made me realize that the amount of robot traffic happening on websites like this one must be through the roof. I haven't looked at any stats, but it's gotta be going bananas.

It's not storing all this, some of it's doing in real time, and I can only imagine that the amount of electricity and bandwidth that's being take up just by robots crawling websites nowadays is crazy. At some point, it's going to be more than us.

I can confirm this. In one example that I manage (a public gitea instance from older days) I see 99.999% of the requests coming from the usual AI suspects (Amazon, Alibaba, Microsoft, Google etc.).
Noticed it because disk was getting full from several dozens of GB of webserver logs (for something that gets like 1-2 human visits a day), the motherfuckers don't even throttle their crawlers, they're firing off requests in the dozens per second, every single one of them behaves like a berserk and of course they do not respect any robots.txt at all.

Given how often you saw normal search engines in your logs and how often you now see AI crawlers, I can only guess that it's like a death-race of who downloads the whole internet first to train their shitty eliza pro+ LLMs with.

And since their hunger for new data is so immense, they have no time to be kind to webservers. Fuck webpages anyway, in their vision people will not visit webpages anymore in the future, they will just ask some shitshippiddi for everything.

Needed some time to collect all the evil cloud networks they come from, but once I had that I traffic-shaped them down to 10kb/s which translates to about one request per minute in total. Even if this only slightly increases their cost of aggro-crawling the web, it's a start..

[vapourminer]

Perhaps I should have waited till Sunday to post this, and I haven't tested it a lot yet. I'm also planning to make it modular.  Not even really sure what's in there or how it works. It's a little joint between me and AI.  It's a work in progress so far.

If this URL frightens you, I encourage you not to be frightened. It has the cAPS seal of safety approval. But I don't blame if you don't want to click on it.

https://030768.xyz/wohaiku.html

haha very nice!

[cAPSLOCK]

Messing around with all this has also made me realize that the amount of robot traffic happening on websites like this one must be through the roof. I haven't looked at any stats, but it's gotta be going bananas.

It's not storing all this, some of it's doing in real time, and I can only imagine that the amount of electricity and bandwidth that's being take up just by robots crawling websites nowadays is crazy. At some point, it's going to be more than us.

I can confirm this. In one example that I manage (a public gitea instance from older days) I see 99.999% of the requests coming from the usual AI suspects (Amazon, Alibaba, Microsoft, Google etc.).
Noticed it because disk was getting full from several dozens of GB of webserver logs (for something that gets like 1-2 human visits a day), the motherfuckers don't even throttle their crawlers, they're firing off requests in the dozens per second, every single one of them behaves like a berserk and of course they do not respect any robots.txt at all.

Given how often you saw normal search engines in your logs and how often you now see AI crawlers, I can only guess that it's like a death-race of who downloads the whole internet first to train their shitty eliza pro+ LLMs with.

And since their hunger for new data is so immense, they have no time to be kind to webservers. Fuck webpages anyway, in their vision people will not visit webpages anymore in the future, they will just ask some shitshippiddi for everything.

Needed some time to collect all the evil cloud networks they come from, but once I had that I traffic-shaped them down to 10kb/s which translates to about one request per minute in total. Even if this only slightly increases their cost of aggro-crawling the web, it's a start..

Yes, having it farm haikus out of this thread that has 35,000 pages and seeing that it picked ones across several years of posting made me realize this.

Everyone's talking about the amount of electricity and water, etc. that it uses. But I hadn't even started to think about the second order effects of that.  Because it's causing everything else, as you say, to get gobbled up over and over and over again.   So that was a light bulb that went on for me after I performed this little experiment. I suppose I should be thankful that that little light bulb above my head actually had any power to use

And I think I share at least some of your sentiment about AI, I laughed several times reading your post.

It seems that computers and the internet and technology is eating everything all the time. We talk about this. Bitcoin is the internet of money. Email was one of the first ones that made it dawn on everyone and so on and so on.

I've been thinking about it for a while and I believe the technology that AI directly replaces... that it is the descendant of.. is the Ouija board.

AI is the digital Ouija board.  I mean, think about it. The information that comes from a Ouija board is harnessed from a strange sort of community group think type of thing. It averages out the subconscious, perhaps, voices of a group of people.  Stronger voices pushing the needle a little further and then the consensus of voices also seeming to take control.

So we end up with some horrible summation, some mean, some mix of ingredients that should never have gone together in the first place.  Since much of what it trains on is propaganda, then much of its answers are just the same milk toast bullshit that we've been hearing all our lives dressed up into bullet lists.

And who knows? Could be evil spirits might even be able to direct the needle. Why not?

👻

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

Anybody mindrusted yet?
I have to admit recent price action has had me concerned.

The market is the most oversold it’s been since April though. We did pretty well after that so hopefully history repeats. We know that September is the weakest month for Bitcoin. We just need to survive it and don’t do anything stupid, before everything full sends in Q4. On the flip side, October and November are usually really good for Bitcoin in a bull market. Let’s hang on in there WO brothers.


@FrankAFetter
BTC 1-day RSI is the most oversold since the $74k tariff bottom.

https://x.com/frankafetter/status/1971560951204786288

[vapourminer]

good grief

has WO fallen so far so soon? or has it been taken over?

its like a 1st cycle "crypto bros club" in here:  "im not selling!! you selling??" "dont worry!!!!!!"   "HoLD/HlOD/HOLD strong brother!!!"  oooonlyeeee UUUUUP from here!

pfft

just look at the OGs here in this thread. theyre the ones snoozing through this whole thing and talking about the weather, haikus and rusty pipes. we are not worried.



not financial advice

[WatChe]

Bitcoin is being fucked by derivatives, but that doesn't change any of the fundamentals. Stay on the sideline (hodl) and buy when you can.

It's nothing new. We have seen so many times Bitcoin even in more worse scenarios like this. I am confident that Bitcoin will recover some day.

I don't care. Those who deserve Paper-Bitcoin should "have" them, i got no problem with that.  (EDIT3: I rather own the keys than the paper)
Bitcoin is Bitcoin for what it is, not what "the market" tries to make of it.
Patience.

EDIT: How low will we go?
*rollercoaster.gif*

EDIT2: $108.6k That's what i waited for. Not much more to wipe below, so either we continue going up, or visiting $100k-ish is on the table.
King Daddy doesn't care.
Don't bet on numbers, bet on Bitcoin's success.

Edit 1. You will only be a win, if you bet on bitcoin success.
Edit 2. I won't mind accumulating Bitcoins even if go below 100k. 

Some (JJG?) may remember when i said it's all (= my holdings) for the kids to spend when i am no more. This goal and according mindset saved me a lot of sweat, fear and anger in this market.

It will be more fun, if you and your kids spend together.

[Hottiek]

Anybody mindrusted yet?
I have to admit recent price action has had me concerned.

The market is the most oversold it’s been since April though. We did pretty well after that so hopefully history repeats. We know that September is the weakest month for Bitcoin. We just need to survive it and don’t do anything stupid, before everything full sends in Q4. On the flip side, October and November are usually really good for Bitcoin in a bull market. Let’s hang on in there WO brothers.


@FrankAFetter
BTC 1-day RSI is the most oversold since the $74k tariff bottom.

https://x.com/frankafetter/status/1971560951204786288

 I for sure think the same each day, but then I remember how many cycles I have been in... I am going to try and shave a bit off at the top, and depending on how high it gets, a bit more than a bit, but %-wise, no matter what I decide, it will still be in the single digits of my stash. I believe selling any is a form of mind-rusting, but we all have to eat... and I think I deserve some steak after watching on the sidelines.
As always,
CCFM
K

[OutOfMemory]

Nice idea, could need some more work.

Green candles climbing
Through the sell wall's resistance
Bull market awakening

EDIT:

New all-time high *
The skeptics now all silenced
Moon landing achieved

One syllable missing here.
But i like the idea, though merit fishing could get out of hands here...

EDIT2: Oh, now i see what you did there    copypasters would not look for errors, right? 

Oh, yes.  I simply asked it to go over the Wallobserver pages and pick haikus. So it wasn't counting syllables. It counted on us to do that. 😁

The next version is actually going to use a database in which it will store a lot more haiku's if I get around to the next version.

But the AI actually found these in the thread in real time. I didn't point it to anything other than the thread link.

I can't tell you how excited my antennas are at where we're headed, even though it's going to be a panopticon and full of doom. It's going to be the tastiest, most interesting doom ever.

Ahh, that's a bit disappointing now, please don't take it too personal, but i thought the AI is creating the haikus (out of thin air, LOL) using a trained model.
Regardless, it's still a nice idea 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Findingnemo]

So my first cycle isn't very shaky, I knew what I missed and I swore that I am not gonna make the same mistake.

So how was your 2017 to 2020?   how long did it take you before you started to focus on accumulating bitcoin?  We now know that 2017 to 2020 would have had also been a good time to accumulate, even though surely we had a short lived top between about October and December 2017, yet still as long as you were not doing your frontloading between October 2017 and December 2017, you sill may well could have had ended up doing quite well.. like even in my case, there can be a bit demoralizing when buying bitcoin during a period that the price just kept getting cheaper and cheaper and then get stuck on flat (referring to 2015), yet the downfall between 2018 and 2020 might have felt in a similar kind of a way, yet retrospectively, it ended up being a great time to be buying bitcoin, even if some of your purchases might have had been during some of the higher price periods during that time.   

Well, I already had my lessons back then but also I don't want to take the absolute risk so I diversified everything from into bitcoin and gold and more or less it was 50/50 trategy and I just skipped everything else even though some other things came pretty tempting because I just wanted to keep focusing on one thing and gold is universal so I can concentrate on bitcoin completely and also it didn't take much of any strategy, just buy and hold and occasinal cashing out the profits but I confess even in 2018 and 202 I did some stupid spendings but it was okay not that much regretable as 2014.

And finally, JJG claiming me to be OG and becoming legendary on the same day should be some kind of sign for all in...before the UPtober.

Congratulations.  Surely after such time participating in the forum the merits start to add up, and still in the beginning maybe it is harder to earn merits since no one knows you, and it takes a bit of time for other members to get to know you.. You have posted in way more topics than me.

My first 4 years on the forum, I hardly went outside of the WO thread, yet in 2018, I did begin to slowly start to go outside of the WO thread, yet still trying to mostly stay within bitcoin oriented threads rather than other topics.. even though sometimes I will participate a bit in other topics, too... yet there are still ONLY so many hours in the day and I lose patience with some of the topics, and I sometimes will get frustrated to get involved in (or to talk about) some other forum topics, unless they are at least attempted to be related to bitcoin.

Even after 8 years my knowledge about bitcoin's technical-related things is quite limited but I keep on reading as much as I can and accumulate as much knowledge about bitcoin but in the beginning I concentrated more on the betterment of my finance and even political knowledge that helped me to see the bigger and clear picture of the world which the mainstream media deliberately hide or misguide with their own propoganda.

I am not that heavy when it comes to WO posting because I always had some kind of hesitation like I can't match their vibe or something like that but I never forget to visit WO whenever I login to the forum and read as much as possible and until now my total login time is like 328 days and I can say that atleast 30-40% of the share went on reading WO alone.

And, yeah, I screwed up your nice round number of 1,000 merits.. by sending you another smerit.

It's always good to have one more.

P.S: DAMN! JJG novels are the best ones.

[LoyceV]

I can confirm this. In one example that I manage (a public gitea instance from older days) I see 99.999% of the requests coming from the usual AI suspects (Amazon, Alibaba, Microsoft, Google etc.).
Noticed it because disk was getting full from several dozens of GB of webserver logs (for something that gets like 1-2 human visits a day), the motherfuckers don't even throttle their crawlers, they're firing off requests in the dozens per second, every single one of them behaves like a berserk and of course they do not respect any robots.txt at all.

I've noticed them too: for months now, they're scraping my Trust list viewer: millions upon millions of HTML pages. Just now, 1 IP-address identifying as different browsers and even different operating systems in just a few seconds:

Code:

"Mozilla/5.0 (Windows NT 5.1; rv:6.0) Gecko/20100101 Firefox/6.0 FirePHP/0.6"
"Mozilla/5.0 (X11; Linux x86_64) AppleWebKit/535.1 (KHTML, like Gecko) Chrome/13.0.782.41 Safari/535.1"
"Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US) AppleWebKit/533.8 (KHTML, like Gecko) Chrome/6.0.397.0 Safari/533.8"
"Mozilla/5.0 (Windows; U; Windows NT 6.1; en-US) AppleWebKit/532.5 (KHTML, like Gecko) Chrome/4.1.249.1025 Safari/532.5"
"Mozilla/5.0 (Windows NT 6.2; WOW64) AppleWebKit/535.11 (KHTML, like Gecko) Chrome/17.0.963.66 Safari/535.11"
"Mozilla/5.0 (Windows; U; Windows NT 6.1; en-US) AppleWebKit/532.9 (KHTML, like Gecko) Chrome/5.0.307.1 Safari/532.9"
"Mozilla/5.0 (X11; Linux x86_64) AppleWebKit/535.1 (KHTML, like Gecko) Ubuntu/10.10 Chromium/14.0.808.0 Chrome/14.0.808.0 Safari/535.1"
"Mozilla/5.0 (X11; U; Gentoo Linux x86_64; pl-PL) Gecko Firefox"
"Mozilla/5.0 (Windows; U; Windows NT 5.2; en-US) AppleWebKit/534.3 (KHTML, like Gecko) Chrome/6.0.458.0 Safari/534.3"
"Mozilla/5.0 (Windows; U; Windows NT 6.1; es-ES; rv:1.9.2.15) Gecko/20110303 Firefox/3.6.15"
"Mozilla/5.0 (Windows NT 6.2; rv:22.0) Gecko/20130405 Firefox/22.0"
"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_6_4) AppleWebKit/535.11 (KHTML, like Gecko) Chrome/17.0.963.65 Safari/535.11"
"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_6_2) AppleWebKit/535.1 (KHTML, like Gecko) Chrome/13.0.782.107 Safari/535.1"
"Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.9.2.28) Gecko/20120306 Firefox/3.6.28 ( .NET CLR 3.5.30729; .NET4.0C)"
"Mozilla/5.0 (X11; U; Linux x86_64; en-US; rv:1.9.2.13) Gecko/20101223 Gentoo Firefox/3.6.13"
"Mozilla/5.0 (X11; U; Linux i686; en-US) AppleWebKit/534.3 (KHTML, like Gecko) Chrome/6.0.462.0 Safari/534.3"
"Mozilla/5.0 (Windows; U; Windows NT 6.1; en-US; rv:1.9.2.15) Gecko/20110303 Firefox/3.6.15 ( .NET CLR 3.5.30729; .NET4.0C) FirePHP/0.5"
"Mozilla/5.0 (Macintosh; U; PPC Mac OS X; en-us) AppleWebKit/312.8 (KHTML, like Gecko) Safari/312.6"
"Mozilla/5.0 (Windows; U; Windows NT 5.1; en-GB; rv:1.9.0.6) Gecko/2009011913  Firefox"
"Mozilla/5.0 (Macintosh; U; PPC Mac OS X 10.4; en-US; rv:1.9.2.22) Gecko/20110902 Firefox/3.6.22"
"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_7_0) AppleWebKit/535.11 (KHTML, like Gecko) Chrome/17.0.963.65 Safari/535.11"
"Mozilla/5.0 (Windows; U; Windows NT 6.1; en-US) AppleWebKit/533.2 (KHTML, like Gecko) Chrome/5.0.342.3 Safari/533.2"
"Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10_6_8; en-US) AppleWebKit/533.4 (KHTML, like Gecko) Chrome/5.0.375.125 Safari/533.4"
"Mozilla/5.0 (Windows NT 6.1; WOW64; rv:11.0) Gecko Firefox/11.0"

[asUHWEceyc]

I'd be interested in researching this a bit more as we all know how the FTX situation ended for the market.  If we're starting to see obvious cases of entities using paper Bitcoin and not being able to cover client holdings, it is time to say goodbye to the market for a couple years.

Would a repeat of the FTX scenario necessarily play out to the downside?  

I would think so.  If a company holding a lot of coins on behalf of users turned out not to have them, it would set off an investigation as well as bankruptcy.  Assets that were being held by the company would be frozen and users would have themselves trapped in a long legal battle in hopes to recover anything.  The market would see this as a breakdown and a lot of people speculating on the price of Bitcoin would view this as a sign to exit the market.  It's best if everything is functioning as advertised.

Just sayin': the 2013 version of trying to fill a gaping exchange coin hole meant pamping eet almost 100x in a year

Interesting thoughts, but sometimes your terse and barely hinting style is a bit hard to follow.

Maybe something big is brewing when one of the main casino's spot arb starts to get seriously outta wack like way back?

ELI5: How is the spot arb getting out of whack? Is someone doing something? What are they doing?

Paperization runs the risk of price discovering there are no bailouts: a covering willybot with current market dimensions could produce spectactular results

Could you elaborate on that?

No spreads are outta wack and this is merely a hypothetical scenario regarding paper games. If Mikey, "treasuries", etc exercise claims bigly (and if someone turns out to be playing), the price will go up where pockets of paper live unless they double down to compensate.

You mean "corrective" shorting or similar foul play?

Yes

Also consider that if the gubmint/sec/cftc begin gynecologizing US-based exchanges, casino games they've been greenlit to run since and before "regulation through enforcement" would be in jeopardy, which would also have the effect of tamping down any back room naughtiness.

You mean regulation through enforcement could tamp down some of the trickery?

Before "T2: Firing Day", exchanges were free to unload questionably legal scam tokens that they themselves funded and took a stake in, counter trade users to take all their leveraged moniez, freeze accounts arbitrarily, overcollect sensitive information for later loss or sale, etc- all for the periodic wells notice shakedown and an office visit with Gary. Since January, established players have been free to do all of the above without fear of persecutionary prosecution and without a vig. One might imagine fewer scams with a microscope focused on Armstrong's few remaining follicles?

My favorite theory re:21 - SBF was a patsy weapon sent to kneecap native players to move in and take over at a discount. The turd pedigree of that org is asstounding and tells you all you need to know

[AlcoHoDL]

[...]

"HoLD/HlOD/HOLD strong brother!!!"  oooonlyeeee UUUUUP from here!

[...]

HLOD.   

ROTFLOL!

Epic!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

everything down in crypto...particularly the challengers ETH, sol, xrp...

Crypto in this room?
You're calling them challengers
We use compound words








#haiku

[d_eddie]

robot traffic happening on websites like this
it's gotta be going bananas.

99.999% of the requests coming from the usual AI suspects (Amazon, Alibaba, Microsoft, Google etc.)

Noticed it because disk was getting full from several dozens of GB of webserver logs (for something that gets like 1-2 human visits a day), the motherfuckers don't even throttle their crawlers, they're firing off requests in the dozens per second, every single one of them behaves like a berserk and of course they do not respect any robots.txt at all.

Given how often you saw normal search engines in your logs and how often you now see AI crawlers, I can only guess that it's like a death-race of who downloads the whole internet first to train their shitty eliza pro+ LLMs with.

And since their hunger for new data is so immense, they have no time to be kind to webservers. Fuck webpages anyway, in their vision people will not visit webpages anymore in the future, they will just ask some shitshippiddi for everything.

Needed some time to collect all the evil cloud networks
I traffic-shaped them down to 10kb/s
one request per minute

I think an Error 402 with a LN address in the info field would serve them right.
They are monetizing it aren't they...
Bitcoiners know the worth of their intrinsically copyrighted words.
Rates will vary

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

good grief

has WO fallen so far so soon? or has it been taken over?

its like a 1st cycle "crypto bros club" in here:  "im not selling!! you selling??" "dont worry!!!!!!"   "HoLD/HlOD/HOLD strong brother!!!"  oooonlyeeee UUUUUP from here!

pfft

just look at the OGs here in this thread. theyre the ones snoozing through this whole thing and talking about the weather, haikus and rusty pipes. we are not worried.



not financial advice

I guess, my approach is that bitcoin does not owe me anything...and this makes it easier for me to withstand the "slings and arrows of the outrageous fortune" when the situation presents itself as such.

I could (and will) comment of the peculiarities in its trading and the trends, but that's it...just a WO comment, not an action plan.

That said, i will probably sell an undisclosed % chunk when I retire (to travel, etc).
I am not as hot as others on making gifts to the descendants, but this is something that I could definitely change my mind on later.