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

[Hueristic]

Belgium ground is a bitch after 40 days of Palau-phillipines and BKK

Coffee downgrades are tough.

https://www.ebay.com/itm/147185419853?


The coffee above is no longer in business.

Thought it was the worst coffee I ever had.

worse than navy coffee? i though that stuff was legendary for its.. characteristics

Mmmm, Grey.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Belgium ground is a bitch after 40 days of Palau-phillipines and BKK

Coffee downgrades are tough.

https://www.ebay.com/itm/147185419853?


The coffee above is no longer in business.

Thought it was the worst coffee I ever had.

worse than navy coffee? i though that stuff was legendary for its.. characteristics

The key to navy coffee was drink it black and fresh. I worked 11pm to 7am so I would fill a thermos [not theymos]

at 6am when it was fresh. If you take the heat off coffee it does not get burnt and turn the milk into the coffee gray.

[Biodom]

Plan B ideation about 500K (more precisely 250K-1mil) bitcoin average in 2024-2028 reads like a cruel joke rn.
Is it possible? Sure, it is possible, but is it likely? Not really.

Bitcoin would have to average about 390K the rest of the cycle to get to the lower number (250K average over the cycle).
I guess it means that scarcity is not the only variable that has to be considered, as many people noted.
Personally, I consider planB hypothesis as being falsified already (based on the last cycle numbers), albeit he is still clinging to it.

[El duderino_]

Plan B ideation about 500K (more precisely 250K-1mil) bitcoin average in 2024-2028 reads like a cruel joke rn.
Is it possible? Sure, it is possible, but is it likely? Not really.

Bitcoin would have to average about 390K the rest of the cycle to get to the lower number (250K average over the cycle).
I guess it means that scarcity is not the only variable that has to be considered, as many people noted.
Personally, I consider planB hypothesis as being falsified already (based on the last cycle numbers), albeit he is still clinging to it.

Supply shock incoming, see you at PlanB prices

[goldkingcoiner]

Jokes aside, what are the odds that we have been put into a simulation by aliens/robots? If humanity was advanced enough, do you think we would exploit less evolved alien species by putting them into a simulation? We exploit bacteria to make cheese for us. So why not? 

Are we ourselves just unknowingly making alien cheese?

cheese??

booze!!!

at least make something that can harm and make the host species miserable in many cases. you know, just as a souvenir from the human species for their troubles. like here, have some alcoholic aliens..

cheese just dont do it

We are the proud brewers of the milky way galaxy. Good way to look at it.

[Lucius]

Morning gentlemen.

Saylor doing some serious buying.
STRC is starting to do some heavy lifting as well. Been buying the daily mined coins and then some. 5300 BTC purchased last week. Estimated 1300~ yesterday.

https://strc.live/

His money, his business, but with so many dips lately, he buys when the price reaches $70k Considering the amount of coins, he could have saved a lot of money if he had a little better timing.

Easy to say that he should buy at lower prices. But comparing spotprice to OTC and large volume is not fair.
He does not care about price and short-term price actions. Saylor is in the business of not selling.

If he wants, he can pay 20% more than the current price on the market, but if he had a little better timing, he could buy more BTC for the same money than he is buying. Saving 5% or 10% on amounts of $1 billion and up is not something that should be thrown away lightly, but when you have money like that, obviously $50 million or $100 million doesn't mean much.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Morning gentlemen.

Saylor doing some serious buying.
STRC is starting to do some heavy lifting as well. Been buying the daily mined coins and then some. 5300 BTC purchased last week. Estimated 1300~ yesterday.

https://strc.live/

His money, his business, but with so many dips lately, he buys when the price reaches $70k Considering the amount of coins, he could have saved a lot of money if he had a little better timing.

Easy to say that he should buy at lower prices. But comparing spotprice to OTC and large volume is not fair.
He does not care about price and short-term price actions. Saylor is in the business of not selling.

If he wants, he can pay 20% more than the current price on the market, but if he had a little better timing, he could buy more BTC for the same money than he is buying. Saving 5% or 10% on amounts of $1 billion and up is not something that should be thrown away lightly, but when you have money like that, obviously $50 million or $100 million doesn't mean much.

Saylor likely has trillions to spend from backers we know nothing about.

[BTCETFInvestor]

Morning gentlemen.

Saylor doing some serious buying.
STRC is starting to do some heavy lifting as well. Been buying the daily mined coins and then some. 5300 BTC purchased last week. Estimated 1300~ yesterday.

https://strc.live/

His money, his business, but with so many dips lately, he buys when the price reaches $70k Considering the amount of coins, he could have saved a lot of money if he had a little better timing.

Easy to say that he should buy at lower prices. But comparing spotprice to OTC and large volume is not fair.
He does not care about price and short-term price actions. Saylor is in the business of not selling.

If he wants, he can pay 20% more than the current price on the market, but if he had a little better timing, he could buy more BTC for the same money than he is buying. Saving 5% or 10% on amounts of $1 billion and up is not something that should be thrown away lightly, but when you have money like that, obviously $50 million or $100 million doesn't mean much.

Saylor likely has trillions to spend from backers we know nothing about.

Definitely not trillions, but likely many billions... 

[ESG]

Jokes aside, what are the odds that we have been put into a simulation by aliens/robots? If humanity was advanced enough, do you think we would exploit less evolved alien species by putting them into a simulation? We exploit bacteria to make cheese for us. So why not? 

Are we ourselves just unknowingly making alien cheese?

cheese??

booze!!!



at least make something that can harm and make the host species miserable in many cases. you know, just as a souvenir from the human species for their troubles. like here, have some alcoholic aliens..

cheese just dont do it

We are the proud brewers of the milky way galaxy. Good way to look at it.

"WE ARE ON A FARM MANAGED BY NON-HUMAN BEINGS.

The writer and researcher Salvador Freixedo wrote this interesting book in 1988 where he presents data and arguments about the total control of humanity by non-human beings for thousands of years. Call them aliens, UFOs, angels, demons, gods or other names. These entities are mostly negative and use us, being the true causes of all the problems that afflict us."
> https://en.wikipedia.org/wiki/Salvador_Freixedo
...

Ambient Electromagnetic Wave Energy Harvesting Using Human Body Antenna for Wearable Sensors   https://www.mdpi.com/1424-8220/25/15/4689
.....


https://en.wikipedia.org/wiki/Necronomicon

...
  George Orwell, Animal Farm: A Fairy Story > https://en.wikipedia.org/wiki/Animal_Farm

[sirazimuth]

At buddy thank you for reminding me that I am 69 years.

Dude, cmon now…you don’t need a reminder that you are experiencing 69…

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

At buddy thank you for reminding me that I am 69 years.

Dude, cmon now…you don’t need a reminder that you are experiencing 69…

He just can't stop thinking about 69...

[philipma1957]

69 suffers from focusing on the task at hand or on tongue to be more accurate.



But buddy has moved past 69 and is in the 70s which is what I hope to be doing next January.

[JayJuanGee]

Oh PlanB is still posting stock-to-flow stuff?  Actually a bit embarrassing at this point...
However it seems, there is an ignorant noob born every day

PlanB definitely has a lot of short-term model failures...

I still don't have any problems with stock-to-flow as a framework to think about bitcoin adoption dynamics - even though some aspects of actual human behavior ends up pushing the BTC prices (and perhaps shifting the curve?) in ways that cause it to be way less bullish than originally anticipated.  The ideas and framework underlying it are not foolish and such underlying ideas shape how a lot of bitcoiners (including but not limited to yours truly) consider bitcoin and/or its adoption and/or the various growth in network effects.  

By the way, it is also likely that a lot of folks poo-pooing stock to flow and denigrating PlanB also share a lot of the underlying assumptions that are built into the stock-to-flow framework.

Oh PlanB is still posting stock-to-flow stuff?  Actually a bit embarrassing at this point...
However it seems, there is an ignorant noob born every day

Got dogpiled for calling out his bullshit originally, they're all silent now.

If you got dogpiled, you quite likely deserved it...   

 

.. even though, admittedly, there was some commercializations of his ideas (done by him) and even the "never ever again below" ideas (models supplementing stock-to-flow ideas) that were a wee bit too much, and surely anyone actually thinking for themselves should realize enough to take ideas (including but not limited to "never ever again below" ideas with a considerably large grain of salt).

I will also caveat that PlanB might be trying to get credit for a lot of ideas that had already existed, even though he still did perform a quite good service to bitcoin and to the world by putting stock to flow ideas into a model framework.

Plan B ideation about 500K (more precisely 250K-1mil) bitcoin average in 2024-2028 reads like a cruel joke rn.
Is it possible? Sure, it is possible, but is it likely? Not really.

Bitcoin would have to average about 390K the rest of the cycle to get to the lower number (250K average over the cycle).
I guess it means that scarcity is not the only variable that has to be considered, as many people noted.
Personally, I consider planB hypothesis as being falsified already (based on the last cycle numbers), albeit he is still clinging to it.

Supply shock incoming, see you at PlanB prices

I do find the "supply shock" ideas to be a wee bit humorous, even though they can be good talking points.

If we really think about supply shock, for it to really work, we have to get folks to discontinue being  such weak hands, and also to somehow put the paper bitcoin manipulation matters into check by pulling coins off exchanges and some how pump the bitcoin price to such extremes that those fucking around with paper bitcoin will have no recourse except to come clean with their lack of bitcoin to back up the claims..

Another thing is that as the BTC price goes up more bitcoin gets sent to the exchange and it also takes fewer bitcoin to support the same quantity of liquidity based on higher prices.. yet at the same, time many of us already know that there are way too many paper bitcoin claims out there, yet perhaps having difficulties figuring out how the bitcoin paper claims can resoundingly and meaningfully be called out.

[Gachapin]

Oh PlanB is still posting stock-to-flow stuff?  Actually a bit embarrassing at this point...

However it seems, there is an ignorant noob born every day

Got dogpiled for calling out his bullshit originally, they're all silent now.

I mean he had his run in the beginning, if I remember correctly

[Gachapin]

Plan B ideation about 500K (more precisely 250K-1mil) bitcoin average in 2024-2028 reads like a cruel joke rn.
Is it possible? Sure, it is possible, but is it likely? Not really.

Bitcoin would have to average about 390K the rest of the cycle to get to the lower number (250K average over the cycle).
I guess it means that scarcity is not the only variable that has to be considered, as many people noted.
Personally, I consider planB hypothesis as being falsified already (based on the last cycle numbers), albeit he is still clinging to it.

derivatives and rehypothecation are really doing their thing

[OutOfMemory]

Wow, i have yet not seen such utter BS as this, so far:

https://www.youtube.com/watch?v=yLe30cQmjZI

Switch audio to english, if needed.

Trigger warning:
+ BTC Conspiracy theories of the wildest sorts
+ XRP shills
+Lots of hearsay arguments and hype "reasoning"

But i found it really funny 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com