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

[weallbitcoiners]

If you can buy 50usd or 100usd a week or more you will stack a pile of btc.

Your age matters. I am 69 so time is not on my side.

But if you are 35 and buy 100 a week for 10 years  never selling just buy the 100 a week and hold.

Past history says you will do well.

Always remember past history does not always get it right. So you could do 100x52x10=52000 usd after 10 years and not be ahead.

That's life for us all risk is there.

I am happy I had my first buy of $100 on Sunday and now have a program to buy around $75 on the coming Sunday. I already set my strategy for staying on this amount for 1 year after this I will check and then set a new strategy because it's important to stay on my long-run strategy, as it's all about risk, but I am doing this for the next 25 to 30 years.

After buying my first Bitcoin, it's still on the exchange. Here I am, not feeling good because the KYC issue has never been ideal for me. I want to have this under my control. Can I trust Electrum for the long run? Any suggestion could be appreciated.

[goldkingcoiner]

I am happy I had my first buy of $100 on Sunday and now have a program to buy around $75 on the coming Sunday. I already set my strategy for staying on this amount for 1 year after this I will check and then set a new strategy because it's important to stay on my long-run strategy, as it's all about risk, but I am doing this for the next 25 to 30 years.

After buying my first Bitcoin, it's still on the exchange. Here I am, not feeling good because the KYC issue has never been ideal for me. I want to have this under my control. Can I trust Electrum for the long run? Any suggestion could be appreciated.

Welcome to the world of Bitcoin! Glad to see you joining us on the train to the land of success.  

As long as you download Electrum from the source (https://electrum.org/), it is fine. I use it myself and it is a good wallet for Bitcoin.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitHodlers]

AIE
Not reassured by the French authorities press conference going on right now on the Hantavirus propagation

The Corona FUD got a bit too you, don't worry about things you can't control it has no use.

[CryptoYar]

This cockup brought to you (partly) by AI making hard drives too expensive to do the job properly.

What? Buddy can write also.

I thought it can only post Charts.

pretty sure chartbuddy has vast powers we cant even fully comprehend with our current technology... we are lucky richy just keeps him on "civilized chart" mode for all our sakes.

He's evolving, breakout attempt 1 thwarted, it go down in history as the first actions of the world mind.

he could not handle the blocks by me. it overwhelmed him.

Now please underwhelm him because I want to have $82K again on this currently going down frequently, it's looking not good.

no worries buddy and honey badger are simply playing around in the back room.

in a bit they along with bitcoin fairy will put on quite a heated show for us all.

People are out here sweating over red candles while philip’s crew is having a party in the back room. That’s the kind of TA I can get behind. If the 'heated show' means we melt the $85k resistance, I’m all for it. Just tell the Honey Badger to stop playing and start pushing!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

A lot of talk about the new Swatch x AP watches coming out in a few days. I’m not a watch guy but if they made a Bitcoin version I might be able to get behind that. Also, AI becoming commonplace for anyone to make images like the below in seconds is a wild thing to watch happen.

[Byebyebtc]

<...>

Very easy!

The iPhone company owner is a billionaire.  
The rest of them are just showing off their assets here, where one seems to be poor in them.

I  thought it was racists and whites rule.  But I like your answer better.

I saw this yesterday and didn’t even notice the racial aspect when making my choice. I’m not sure what exactly that says about me.

Saylor says he’s selling 100+ million dollars worth of Bitcoin next month… Just a reminder that he told people to sell their kidney and cash out their grandma’s retirement to buy BTC at $120K last year.

Gemini gave me this:

"Saylor clarified in follow-up interviews that for every 1 Bitcoin sold, the company likely intends to buy 10 to 20 more in the same month."

If true, then it's no biggie. He is firmly committed to Bitcoin accumulation.

[Source] CoinDesk -- 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin

Then the only reason to do it would be number games... locking in profit/loss vis a vis taxes?

I am FINE with him selling, IDGAF.  But thats od... I will be buying and selling at the same time!   Lol.

Well just know that that will be quite risky, except your good at linking these fundamental news with technical chart analysis,

Nevertheless these news comes with alot of emotions attached to them so it will be better to just chill with buying, as you can see bro is still doing more of buys and accumulation, if he is selling 100+ worth of Bitcoin he will be buying ×10 - ×20
But if one will still want to sale intensions of sell has to be very obvious fundamentally and technically

[Floczy]

<...>

Very easy!

The iPhone company owner is a billionaire. 
The rest of them are just showing off their assets here, where one seems to be poor in them.

I think he is just holding the iPhone, it doesn't mean that he is the owner of the iPhone company
The one at the right end with the most Jewelry seems to be the wealthiest.

Meanwhile I think it's time to go back to the core reason for this thread, it's okay to put these once in a while but it shouldn't be overdiscussed
Afterall, all work and no play makes Jack a dull boy

[OgNasty]

<...>

Very easy!

The iPhone company owner is a billionaire.  
The rest of them are just showing off their assets here, where one seems to be poor in them.

I  thought it was racists and whites rule.  But I like your answer better.

I saw this yesterday and didn’t even notice the racial aspect when making my choice. I’m not sure what exactly that says about me.

Saylor says he’s selling 100+ million dollars worth of Bitcoin next month… Just a reminder that he told people to sell their kidney and cash out their grandma’s retirement to buy BTC at $120K last year.

Gemini gave me this:

"Saylor clarified in follow-up interviews that for every 1 Bitcoin sold, the company likely intends to buy 10 to 20 more in the same month."

If true, then it's no biggie. He is firmly committed to Bitcoin accumulation.

[Source] CoinDesk -- 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin

Then the only reason to do it would be number games... locking in profit/loss vis a vis taxes?

I am FINE with him selling, IDGAF.  But thats od... I will be buying and selling at the same time!   Lol.

I'm less fine with him selling when this is what he's doing with it.  Think about it.  He says he's going to buy maybe 20 Bitcoin for every 1 he sells to pay the dividend.  The dividend is 11.5%.  That's nearly 1% per month.  He'll run through that 1 BTC he sells paying the dividend for the 20 he buys in 5 months...  Then what?  Not to mention people still don't seem to realize the BTC per share metric is a lie because most of that BTC is being promised to the preferred stocks.  So in reality, shareholders will be seeing their BTC per share DROP under this plan while increasing their liabilities.  Every day this situation gets worse and people find new excuses to justify it.  Remember "nothing burger" and "no biggie" in a few months.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

A lot of talk about the new Swatch x AP watches coming out in a few days. I’m not a watch guy but if they made a Bitcoin version I might be able to get behind that. Also, AI becoming commonplace for anyone to make images like the below in seconds is a wild thing to watch happen.

 Why in the world would a luxury watch company want to put their name on a plastic meme watch?  This makes little sense - Swatch has everything to gain here... although it's not even wrist wearable and it looks like a puck on a string with zero functionality so it might hurt them as well.  Are people really going to fork over hundreds or dollars to own one?  Maybe I'm getting old.

[OgNasty]

A lot of talk about the new Swatch x AP watches coming out in a few days. I’m not a watch guy but if they made a Bitcoin version I might be able to get behind that. Also, AI becoming commonplace for anyone to make images like the below in seconds is a wild thing to watch happen.

 Why in the world would a luxury watch company want to put their name on a plastic meme watch?  This makes little sense - Swatch has everything to gain here... although it's not even wrist wearable and it looks like a puck on a string with zero functionality so it might hurt them as well.  Are people really going to fork over hundreds or dollars to own one?  Maybe I'm getting old.

My understanding is that they lost a trademark case over their iconic AP shape, so the market is about to be flooded with low cost knock offs anyway.  They figured they might as well beat them to the punch.  I think there is a huge market for people who want to own a luxury watch but cannot afford it.  A sign of the times perhaps.  If I paid $100K+ to own an AP, I'd be pissed.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

This my friends is how you know you have setup your llm correctly and chosen an excellent model.

Code:

Thinking: The user has given me a strict, read-only codebase audit with four tasks. Let me analyze the constraints:

1. ZERO NETWORK - No external calls
2. ZERO VCS/Git - No git operations
3. ZERO CARGO MUTATIONS - No cargo commands
4. READ-ONLY AUDIT - No file modifications

However, Task 1 says to create a backup archive with `mkdir -p backups && tar -czf ...`. This is a file system operation that creates an archive. The constraint says "READ-ONLY AUDIT: Do not modify, delete, move, or overwrite any source files, configs, binaries, or lockfiles." Creating a new backup archive doesn't modify existing source files - it creates a NEW file in the backups directory. But I need to be careful here as this is an action that modifies the filesystem.

Let me re-read: "Execute ONLY the backup command in Task 1. All other tasks are read-only analysis." So Task 1 IS authorized to run, and the rest should be read-only.

Also note: The constraint says "ZERO GIT/VCS: Do not run, reference, invoke, or suggest git" - but I can see there's a .git directory in the workspace. The constraint is about NOT using git, not about it not existing.

Let me start with Task 1: Create the backup archive. I need to be careful with the date command and the tar exclude patterns.

Actually, looking more carefully at the constraints:

- "ZERO CARGO MUTATIONS: Do NOT run cargo build, cargo update, cargo install, cargo check, or cargo tree" - these are specific commands, not a blanket ban on all cargo operations. But I should avoid them anyway.

For Task 1, the command uses `date +%Y%m%d-%H%M%S` which requires network time... actually no, `date` is local system clock, it doesn't need network access. That's fine.

Let me execute Task 1 first - the backup command.

I acknowledge all constraints and will begin with TASK 1: Safe Local Backup. All other tasks will be strictly read-only analysis. No network calls, no git operations, no cargo mutations.

[Hueristic]

A lot of talk about the new Swatch x AP watches coming out in a few days. I’m not a watch guy but if they made a Bitcoin version I might be able to get behind that. Also, AI becoming commonplace for anyone to make images like the below in seconds is a wild thing to watch happen.

 Why in the world would a luxury watch company want to put their name on a plastic meme watch?  This makes little sense - Swatch has everything to gain here... although it's not even wrist wearable and it looks like a puck on a string with zero functionality so it might hurt them as well.  Are people really going to fork over hundreds or dollars to own one?  Maybe I'm getting old.

I always though Swatch was over priced crap made with inferior materials and marketed to kids?

I seem to remember the commercials when they launched with all the kids with neon lights all over them.

Couldn't find the neon one, here's a big hair one. LOL

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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

<...>

Very easy!

The iPhone company owner is a billionaire.  
The rest of them are just showing off their assets here, where one seems to be poor in them.

I  thought it was racists and whites rule.  But I like your answer better.

I saw this yesterday and didn’t even notice the racial aspect when making my choice. I’m not sure what exactly that says about me.

Saylor says he’s selling 100+ million dollars worth of Bitcoin next month… Just a reminder that he told people to sell their kidney and cash out their grandma’s retirement to buy BTC at $120K last year.

Gemini gave me this:

"Saylor clarified in follow-up interviews that for every 1 Bitcoin sold, the company likely intends to buy 10 to 20 more in the same month."

If true, then it's no biggie. He is firmly committed to Bitcoin accumulation.

[Source] CoinDesk -- 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin

Then the only reason to do it would be number games... locking in profit/loss vis a vis taxes?

I am FINE with him selling, IDGAF.  But thats od... I will be buying and selling at the same time!  Lol.

I'm less fine with him selling when this is what he's doing with it.  Think about it.  He says he's going to buy maybe 20 Bitcoin for every 1 he sells to pay the dividend.  The dividend is 11.5%.  That's nearly 1% per month.  He'll run through that 1 BTC he sells paying the dividend for the 20 he buys in 5 months...  Then what?  Not to mention people still don't seem to realize the BTC per share metric is a lie because most of that BTC is being promised to the preferred stocks.  So in reality, shareholders will be seeing their BTC per share DROP under this plan while increasing their liabilities.  Every day this situation gets worse and people find new excuses to justify it.  Remember "nothing burger" and "no biggie" in a few months.

Yeah, that buying and selling simultaneously sounds a bit funny, but he has multiple batches, so he could be taking profit on some, booking losses on the others.
Honestly, I expected that he would say something like: "we would be selling calls on some of our bitcoin and AS A RESULT some of our bitcoin could be called aka sold", but he didn't.
Also his comparison with real estate development was a bit weird as well...real estate developer sells one property and buys ANOTHER while MS has only one fungible commodity-bitcoin.

In the final analysis, though, he is not highly leveraged yet, so even a small bitcoin appreciation (I think the current number is 2.57%/year) would bail him out in perpetuity.
Of course, if he issues another 20bil of STRC, the situation would be very different.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bit-Mj1014]

This cockup brought to you (partly) by AI making hard drives too expensive to do the job properly.

What? Buddy can write also.

I thought it can only post Charts.

pretty sure chartbuddy has vast powers we cant even fully comprehend with our current technology... we are lucky richy just keeps him on "civilized chart" mode for all our sakes.

Nice to see ChartBuddy finding its voice Maybe it is just as stressed about this $80k consolidation as we are. 😅 Even though we’re a way off from that $126k ATH, seeing the bid stay steady here feels like a solid floor. Let Buddy write as long as the next text update says, Moon soon