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

[ChartBuddy]

Explanation
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[WatChe]

Saylor predicts that Bitcoin can make it to 21$ million in next 21 years while BitMine Chairman Tom Lee said that in long run Bitcoin can rise to 1.6 - 2 million USD. 

Now it's up to us, how we plan our future Bitcoin journey. There are people who says that time to get massive gain from Bitcoin is gone but Saylor and Tom Lee are predicting that it's still the right time to accumulate Bitcoins.
 

https://finance.yahoo.com/news/bitcoin-2m-tom-lee-michael-140215916.html

[ChartBuddy]

Explanation
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[Leahized]

Insane Bitcoin drone show lights up the sky in Lugano Switzerland.

Full video

[AlcoHoDL]

Insane Bitcoin drone show lights up the sky in Lugano Switzerland.

Full video

Spectacular!

It's amazing how so many drones are able to align their positions so accurately, even on animated images (roller coaster).

[Leahized]

Spectacular!

It's amazing how so many drones are able to align their positions so accurately. (although I did spot a few "dead pixels")

[ChartBuddy]

Explanation
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[ESG]

... in the meantime, I'm waiting for the last few days of the month to see if Bitcoin will close below or above the opening of the month.

Why does it matter if bitcoin closes October higher or lower than it's price at the opening of the month?

To me, where bitcoin closes at the end of the month (as long as it is within 20% or so of the opening price), seems like a BIG "SO FUCKING WHAT?"  Sure, there might be some significance with BIG divergence, but mere 5% to 15% in either direction?  Not easy for me to see the significance.

...,seems like a BIG "SO FUCKING WHAT?

=) =D   ....

_Hi!  \y/
-...
_how like i said before, *the lattest time that btc close bellow of your openning price on october was
2014.>



- ...
... Oh yes, past price doesn't make future price, I have to agree.
-...
 -For me , this mean an strong resistance to the price  to keep growing....should come an new low...what this mean?, this mean that the odd  you  to  lose 'the BET' increase to 75%!
 but, instead close bellow, if close above of 14079, should be a good signal to new highs, and the odd  to  You  win, increases   to 75%!!! Sounds Good? seemsly...but. And also as I said a lot and a lot before, 116 could become an important resistance if it's not a support.... because the things are diferent now and etc... remember?
-...
  -My opinion on what can happen and not the odds?...According to recent events on the world stage, as well as market uncertainties, putting all this together, the market is locked in a war, I expect a lot of volatility on the last day of the month, and closing between 110~116.
 But the market always surprises us in the last few hours, perhaps, this week, little by little the volatility begins to increase and we will already have a sense of what the opening of November will be.

   .   The same way you bet on this uncertain bet, I bet myself, that I will get my prediction right, and my prediction is based on the feeling I have after balancing these factors that I mentioned above and a few more, and the result is that I feel that no matter how volatile it is in the last day, it will close above. I am 80% convinced of this, but some factors indicate that the price can close below and plummet and as the month goes on lose even 100k, And if it ends up closing above, this crab will continue to try to climb the quarries at the edge of the sea, and the waves hindering it from rising!   at the same time I will be very happy for having nailed., I'm an idiot who gets happy for anything !

{BIG "SO FUCKING WHAT?"}I Hope that i had answerade...?....  an least i tried...hehhe...

There are 5 days left for closing. so, the days ov october up today>



_____________________________________________________________________________

_  Maybe Satoshi maybe is , Steven Spielberg, because BTC looks like a Thriller film.
 


 

[ChartBuddy]

Explanation
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[JayJuanGee]

[edited out]

Let me know if you would rather me stop my series...  I would get it.  I do not think there is a LOT left...

I doubt that you really need any of us to agree or not with your postings or their length, even though surely it could be the case that some members (regulars of this thread or not) might agree with you and some might disagree. .and even though I am inclined to think that sticking with some earlier version of core (before v 30) would be better then running knots, I understand the signaling aspect... and yeah, I find it a bit problematic for some of the Core supporting folks to be arguing not to run knots when there are not very many alternatives..

....and yeah on a personal level, I have been bothered more about the way that Core had implemented in such a seemingly rushed way and seeming to have had not really met any burden to establish why there was a rush to implement version 30, which to me, causes me to wonder if any changes can be put in Core if they are just seeming to update when there did not seem to be any meaningful legitimate reason to do so... but yeah, I am also likely a bit of a retard when it comes to following many of the technical arguments.. .. so up until now, I have not been chiming in very much on this particular update.

you to have decent fact based information from which to come to your own conclusions.

Complete bullshit. Most of your posts are misinformation and contain mostly lies. Correct information about the OP_RETURN situation can be found in other forum boards. It is most certainly not going to be posted by a retard in a independent thinker costume called cAPSLOCK. If he continues to keep this up then we can conclude he wants to join the transactions review board so that he can spend his day looking at CSAM together with luke-jr.   Perhaps this OP_RETURN situation shall provide an opportunity to identify pedophiles who have been hiding in their caves all this time.

You are devolving even worse. Are you trying to be purposeful in your denigration in order to derail the subject matter?  I am having difficulties seeing the point of being purposefully denigrating, even if you might have had identified some areas that cAPSLOCK is wrong, I doubt that they rise to the level of purposefully uninformative.. .

Even if many of us might not be in the weeds of technical experts (especially in this particular thread  - even though some guys are more technical than others, for sure) or even specifically informed about some of the technicalities of the version 30 trade offs, many of us are not so dumb as to not be able to recognize differences between good and bad arguments...  especially if they are getting into unsubstantiated personal attacks.

Sometimes i toke myself to calm environment to reason how some people got information that makes them to speculate of Bitcoin price wrongly, And if someone rely on some information about Bitcoin price through social media, the person might slump and die, I think most of the social media influencers is given so many wrong analysis of Bitcoin why?
I want us to take a look of this speculation I came across in X today, to check if this man is making a point or is telling fallacy.

https://x.com/CaliCrypto/status/1981869168665530688?t=qXNZNkwoKYvxKCVz0aC0gA&s=19

Bitcoin price drives IBIT price, not the other way around, lol.
$100bil passive asset cannot drive the 2.2 tril underlying.
LOL.

EDIT: that said, who knows what random event may or may not happen in the future.

That means it's not sure  of what he just said, in other way rounds that means what he just said is under probabilities. That's the meaning of may or may not.

Currently, I have a hunch that bitcoin will never go below $80k ever again, and I am willing to enter into a 50/50 bet regarding such.

Sure there are probabilities bitcoin could go lower than $80k, and there are probabilities it could even go lower than $60k, yet the lower that you are expecting it to go, the lower the probabilities that it will make such a dip journey. but yeah, it is still possible to happen.

My bet that bitcoin will never go below $80k has been outstanding for a decent amount of time, probably decently longer than a month, yet surely so far no takers.

Do you want to give it a go, Riginac111?   You must be thinking greater than 50/50 odds that BTC will go below $80k if you are spouting out (and taking serious) those even lower numbers as if they had some kind of a fighting chance of happening.

Personally, I would be quite satisfied if there was a fork that was exactly the same software, but just retained a 160-bit opreturn limit, and retained the customization abilityfor the node runners.

uh that 'fork' is called Bitcoin Core! --  you can set the limit to whatever you want.  You always could at every point in time.
What was changed was the default value -- to reflect the reality of what major miners *already* changed it to, in order to avoid collateral harms.

There was a proposal that didn't make it configurable since that was the simplest thing to do, but once it was clear that some people wanted to change it it, that proposal was rejected in favor of an alternative that was configurable.
Perhaps you need to sit back and reflect and ask yourself why you feel like you are entitled to make demands about what other people choose to do with their own computers and time?

If you think dictating other peoples choices is important to you then maybe Bitcoin is just not for you.  It's not for everyone, apparently.

That is a little patronizing^** Greg, especially since many of us have been in bitcoin for more than a decade.. and surely we are not going to just abandon bitcoin, even if some guys might choose to take a smaller allocation in bitcoin if they are worried about various aspects of the future of bitcoin or its stability or if there might be thoughts that upgrading changes in versions) is being done in ways that might be compromising the cornz.. since many of us likely realize that if changes are merely carried out by small groups (even if they are arguably "better," then perhaps some future changes might end up putting in nefarious features without the realization that such nefarious features are there or even concerns that bad actors could be influencing upgrades... which I think are some of the concerns about the latest version (version 30) being more about the process rather than the technical aspects of what is actually in the code or if the code is worse or better, but instead how can the code just be upgraded without some meaningful justification.  

**Note:I see that Hueristic already responded and used the word hypocrite, and maybe that is a bit more accurate, even if it does come off as a bit strong, even though he (Hueristic) did seem to explain what he meant by the use of such stronger language.

I am not one of those kinds of guys that necessarily wants to quit bitcoin yet or who is thinking about taking any kind of meaningful amounts of bitcoin off the table due to perceptions of what bitcoin might be becoming as compared to what I might have had thought what it is (whether erroneously had those thoughts or otherwise), even though surely I have been selling bitcoin on the way up since $250. .but mostly less than 5% for every doubling of the price.. . but that's just one of my own ways of dealing with potential uncertainties that might exist in regards to bitcoin having gone through nearly 9 doublings since it was $250 in 2015.

By the way, there are quite a few guys on this forum that tend to trust your judgement on various matters, yet there could be cases where we might consider that maybe you are wrong in regards to the extent to which some change, such as version 30, might have had gotten through by influences of bad actors and/or that the changes that were made were either not justified or they were rushed and put into bitcoin when they were not needed.  I am not claiming that I would know, even though surely some guys (including yours truly) become skeptical when we get senses that changes might be being made and/or rushed through.. so then some of us might get the sense that if the changes are not really urgent, then why is there an appearance that they are being rushed through.  Whether historical bitcoiners are technically correct or not in regards to the changes that are being made, there still can be anxiety in regards to whether the changes were justified and if the process for their getting adopted and accepted was sufficiently open and/or justifiable as being more necessary than not.. or whatever might be the standard for making such changes, when there seems to be so much vocal opposition and concerns about the changes being made and the justifications (if suffiicient?) for making them.

[ChartBuddy]

Explanation
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[El duderino_]

A one twelve morning.
Drone shows all over the world.
It's the Bitcoin way.

[Odohu]

Saylor predicts that Bitcoin can make it to 21$ million in next 21 years while BitMine Chairman Tom Lee said that in long run Bitcoin can rise to 1.6 - 2 million USD. 

Now it's up to us, how we plan our future Bitcoin journey. There are people who says that time to get massive gain from Bitcoin is gone but Saylor and Tom Lee are predicting that it's still the right time to accumulate Bitcoins.
 

https://finance.yahoo.com/news/bitcoin-2m-tom-lee-michael-140215916.html

Michael Sailor is highly optimistic about Bitcoin and I love him for that because he matches his words with action. He has been one man that have never nurtured any form of fear for Bitcoin and have continued to even buy when others are contemplating selling. If he predicts Bitcoin to be $21 million in 21 years, I will believe him even though it is looking too good to be true.

[ChartBuddy]

Explanation
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[JayJuanGee]

[edited out]

I do agree that I learned the lesson after losing 30$. The reason why I agree on placing the bet is because I made a claim and I don't like backing from that claim.

If you think you can win on that new offer then accept that offer since you will get 0.001 btc this time which is almost 100$. Just remember, in gambling winner is the one who knows when to stop.

We already finalize the bet, and yes, I understand that gambling is not a good habit.

I do not consider myself much of a gambler, and I feel that I am not really playing for amounts that cause me much concerns either way.. and I already largely have enough bitcoin to cover the bet... Even you consider that my costs per BTC might have had been $10k, then a 0.001 BTC bet had ONLY cost me $10 to accumulate such BTC, and sure it is possible that I could lose them for around 10x (or more) higher than I had paid for them.. but I am already O.K. with it, and I was more than willing to enter such bet with LFC without too many concerns whether I win or lose the bet, even though I still believe that the odds are against LFC from winning the bet, yet if he does end up winning the bet, then  that outcome would be acceptable with me, too.

I personally do not have a decision on the fact that long term developers say that pre core 30 spam is a hack
and that core 30 is not a hack.

This is one of the reasons why I am choosing to post everything that I've learned. 

I do find it interesting, though, that what I have posted so far, which honestly isn't that controversial, it has stirred up so much ire.
I will say this, pay attention to the tone of the people arguing as well as contradictory or very thin reasoning.  A lot of the tactics that I see being used are very common in political arguments.

I will get around to the interesting political angles that have come into play mostly on Twitter.

Personally I have far less to lose if it expodes crashes and burns then most of the people here on the wo.

But I still think BTC will prevail in any court battles.

Is the devastating court battle in the room with you right now?

It seems to me BTC will face legal challenges which will get solved one way or another.

Unlikely.

Who will sue whom?
Can I sue electricity because it powered some people's nasty habits?

I am going to sue the internet and the wheel, and perhaps even fire, itself.  I might sue math and gravity as well, especially certain formulas that I don't like the results and I also don't like how much force is pulled upon me under certain conditions.  I might sue water, especially after I had an incident a while back with water, and it was not good for me and it was water's fault.

This story about pictures and files was already circulated few years ago...nothing happened.

A 5 or 20 dollar bill is presumed "innocent" regardless of what substances are on it.
Same here..if need to be, the protocol would be declared as existing beyond what people do with it.

EDIT: It seems that people focus too much on what could happen instead of what would likely happen. My opinion (based on the block universe theory) is that everything already happened, but if bitcoin didn't get smothered at the very beginning, the probability that it would continue for a while vastly exceeds the probability of it's sudden demise.

There are a lot of people afraid to invest in bitcoin based on what could happen, and they have been pretty much continuing to lose in their failure/refusal to get on board.

if you are going to say that the larger image protocol is not going to cause a courtroom battle you are entitled to your opinions .

If I am going to say that the increased and eased ability to store large images will cause a courtroom battle or 2 or more I am entitled to my opinion.
We will find out since it is passed. The stage is set all we need is some time to;

A find out if there are legal battles over this.
B find out if BTC is a winner a loser or a push if A happens.

to me being an old school 2p2 users and not an old school hodler
I welcome it as this issue and controversy will suppress price for a while. This is to my benefit.

You come up with all kinds of fantasies to rationalize why not to accumulate and hold bitcoin.  You have had this problem for somewhere in the neighborhood of 14 years.  Too bad for you since there have been so many points along the way that you could have had overcome some of these mental obstacles and invested more financially and even commitment wise into bitcoin, but instead you have been ONLY seeing bitcoin as a trade to get you more dollars and that has not even worked out so well since you have been constantly selling bitcoin rather than allowing its value to compound upon itself through committing to it and HODLing it. 

We see actual evidence that it tends to be difficult to teach an old dog a new trick, especially a stubborn-ass old dog who worships the dollar so much, like ur lil selfie.

Sucks to be uie-pooie.

 

 

A one twelve morning.
Drone shows all over the world.
It's the Bitcoin way.

Yep.

It was the 21st that we did the quickie rise to $114,088, which some folks characterized as something close to a Bart..

But sure, it was ONLY around 5 days ago.. so are we going to "be so back?" or not?

I don't find it dull, even though sure, who wouldn't mind a wee bit more UPpity out of this bad boy?

[ChartBuddy]

Explanation
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[Dictator69]

Smart, though Govts probably have deep water subs digging for the owners of that treasure lost in all those boating accidents!

Governments don't explore deep sea anymore, they are interested in space, like the moon, mars and the Sun maybe.

Saylor predicts that Bitcoin can make it to 21$ million in next 21 years while BitMine Chairman Tom Lee said that in long run Bitcoin can rise to 1.6 - 2 million USD.

Saylor said one bitcoin will be equal to $21 million. It can be possible, but I have a lot of questions but for starters, there is not that much money in the whole world like what is the current M2 or M3 figure, or global money.

Saylor is predicting a long trajectory that maybe he won't live to see due to the age factor, but I like his optimism.

[Satofan44]

How do you guys plan to decide who is right/wrong over this "issue"?

I mean... the difference will probably be subtle in its impact...

It's not that it opens new ways to spam the blockchain but it certainly makes it a bit more direct (no need for out-of-band "tricks") and also probably a bit cheaper because of the increased mining pool competition for those over-the-previous-soft-limit tx's. Also probably some overall increase in the "standard" mempool size as now those tx's will propagate over all (assuming no tinkering with datacarriersize) core30 nodes.

We are talking about, maybe, a 5-25% (max) impact in those metrics... which is not directly distinguishable from previous "volatility" and/or other external events that happen "naturally" over time.

So, again... how do you guys plan to evaluate who was right? Based on which metrics and what amount of "acceptable deviation"... against which "previous baseline"?

If this were a bet I would find extremely hard how to declare a "winner".

The positions are mostly extremely opposite. Those that argue against it are saying that something really bad will happen, whether from the legal side or from spam. Those that argue in favor of it are saying nothing has changed and nothing will change. A subtle increase in spam would be "nothing happening". A major non-frivolous lawsuit or attempt to go after Bitcoin for this kind of data would be something big happening, or perhaps some unforeseen issues technical issues from a lot of OP_RETURN (doubtful).

You are devolving even worse. Are you trying to be purposeful in your denigration in order to derail the subject matter?  I am having difficulties seeing the point of being purposefully denigrating, even if you might have had identified some areas that cAPSLOCK is wrong, I doubt that they rise to the level of purposefully uninformative.. .

Actually I saw this in one of your posts, you agree that people should be called stupid if they are being stupid in regards Bitcoin. Something in those lines. Don't make me look for it, you have too many posts but it is fairly recent. Rules for others but not for us?  I hope this is not another feature of independent thinking.

**Note:I see that Hueristic already responded and used the word hypocrite, and maybe that is a bit more accurate, even if it does come off as a bit strong, even though he (Hueristic) did seem to explain what he meant by the use of such stronger language.

His response is wrong. I've already explained it. Policy rules are magic developer numbers, they can put whatever they want and they should not need to justify these decisions to the wider community. Furthermore:
1) Nobody can force a change on you, you can run the old client.
2) Nobody can force a change on you, you can run the new client and patch the rule yourself if you want.

There is no reason to be hyperbolic, and whenever some user engages in the discussion like that it makes the developer wants to listen even less to them. Why should they listen? Whether you believe truly that you are correct or whether you are exaggerating on purpose does not matter -- it is not worth their time.

By the way, there are quite a few guys on this forum that tend to trust your judgement on various matters, yet there could be cases where we might consider that maybe you are wrong in regards to the extent to which some change, such as version 30, might have had gotten through by influences of bad actors and/or that the changes that were made were either not justified or they were rushed and put into bitcoin when they were not needed.  I am not claiming that I would know, even though surely some guys (including yours truly) become skeptical when we get senses that changes might be being made and/or rushed through.. so then some of us might get the sense that if the changes are not really urgent, then why is there an appearance that they are being rushed through.  

Furthermore, gmaxwell has nothing to do with this. He doesn't really contribute code to Core which is something that you guys should know? I'm sure that everyone involved has thought more than twice about this because a lot of time was lost over nothing. If they decided still to go ahead after so many discussions, does that not tell you the answer?

Whether historical bitcoiners are technically correct or not in regards to the changes that are being made, there still can be anxiety in regards to whether the changes were justified and if the process for their getting adopted and accepted was sufficiently open and/or justifiable as being more necessary than not.. or whatever might be the standard for making such changes, when there seems to be so much vocal opposition and concerns about the changes being made and the justifications (if suffiicient?) for making them.

For consensus rules, forks, and major changes to how Bitcoin works definitely, but not for this. You don't get to provide input on any specific thing that you feel like you should. They have no duty to listen to you, and you can't make them either. All people can do is make things worse for everyone because they can't accept this fact.   Should LN developers ask for your input in regards to specific mitigations that they are deploying for certain type of attacks that not even 1% of users here know exist (let alone understand)? Really? THIS is the argument that you would make?

Anyway, by supporting Knots you are supporting the establishment of a transaction review committee that will review transaction data for CSAM. Totally not creepy or suspicious at all.

[ChartBuddy]

Explanation
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[Ivystar5]

Sunday drones rise
bitcoin boom, never dull
morning light ascend

#haikuattempt