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

[hdbuck]

1w EMA crossed back

[1715331341]

1715331341

[1715331341]

1715331341

[1715331341]

1715331341

[shmadz]

Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).

And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.

What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.

*emphasis mine

bitcoin was born as a unit of account, it's actually the core function. simply an open ledger of accounting (that cannot be changed, by anyone, as far as we know)

but I'm guessing that you're using the term "unit of account" to mean "global reserve currency" and in that case you're right, 10-15 years at least... I think?

[wachtwoord]

Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).

And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.

What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.

*emphasis mine

bitcoin was born as a unit of account, it's actually the core function. simply an open ledger of accounting (that cannot be changed, by anyone, as far as we know)

but I'm guessing that you're using the term "unit of account" to mean "global reserve currency" and in that case you're right, 10-15 years at least... I think?

I told him already. He doesn't believe me.

[shmadz]

Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).

And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.

What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.

*emphasis mine

bitcoin was born as a unit of account, it's actually the core function. simply an open ledger of accounting (that cannot be changed, by anyone, as far as we know)

but I'm guessing that you're using the term "unit of account" to mean "global reserve currency" and in that case you're right, 10-15 years at least... I think?

I told him already. He doesn't believe me.

I think he understands bitcoin pretty much as well as I do. We may differ on some finer point, and when we do, I start to worry a little bit...  I guess that's why I posted that.

[ChartBuddy]

Explanation

[edwardspitz]

1w EMA crossed back

That explains a lot. Boom stop loss kicked in @ houbi and 3500 broken.

[derpinheimer]

China dumping HARD.

[hyphymikey]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

[shmadz]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

whatever keeps up as low as possible for as long as possible is all good in my book

[hyphymikey]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

whatever keeps up as low as possible for as long as possible is all good in my book

You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol

[aminorex]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

whatever keeps up as low as possible for as long as possible is all good in my book

You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol

As long as they keep paying me, I'm stacking.

[bigdave]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

whatever keeps up as low as possible for as long as possible is all good in my book

You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol

Who gives a shit if he's been around for 3 years? We all want more cheap coins.

[ChrisML]

Let them dump.

The sooner they loose al the BTC.. the better. Dumbarses first class

[shmadz]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

whatever keeps up as low as possible for as long as possible is all good in my book

You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol

yes, it is actually quite embarrassing to have been around for so long and to still have so few coins.

I have made, and continue to make, some very bad decisions, and yet I'm still up overall,  

 just not like millionaire styles  

[hyphymikey]

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

whatever keeps up as low as possible for as long as possible is all good in my book

You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol

yes, it is actually quite embarrassing to have been around for so long and to still have so few coins.

I have made, and continue to make, some very bad decisions, and yet I'm still up overall,  

 just not like millionaire styles  

soon my friend, soon..

[ChrisML]

HAHAHAHA.

A MA GAWD. Watching Huobi makes me imagine how them chinese boys are sitting behind their PC's.

HO LEE FUK. WE TEECH EM WESTELN PEOPLE SOME POOPIE OF THEY OWN YES.

[cbeast]

HAHAHAHA.

A MA GAWD. Watching Huobi makes me imagine how them chinese boys are sitting behind their PC's.

HO LEE FUK. WE TEECH EM WESTELN PEOPLE SOME POOPIE OF THEY OWN YES.

Racism aside, it's a fair assessment.

[Adrian-x]

https://www.youtube.com/watch?v=HPvs9XjHOkI

thanks for that link, it brought me to this one

https://www.youtube.com/watch?v=kWRlNO79sLw

edit:

I never quite understood the "adoption gap" chasm until I saw this little beauty



big thanks to whoever dropped that link, sorry I don't remember

finally I understood that this correlation of hype and despair explains the "adoption gap" chasm theory.

They are not one and the same the hype cycle is typically of the run-ups to all-time highs.

The adoption curve represents 100% of Bitcoin's total user base untill Bitcoin reaches maximum saturation.

The adoption chasm is about critical mass if you can reach 13-16% of your target user base, you have crossed the chasm and the network effect will trigger the remaining adoption through to saturation.

In my mind we're still in early adopter or innovator stage, we haven't crossed the chasm yet, once we've hit 13% of total Bitcoin users we've crossed the chasm and we home free.

[ChartBuddy]

Explanation

[shmadz]

HAHAHAHA.

A MA GAWD. Watching Huobi makes me imagine how them chinese boys are sitting behind their PC's.

HO LEE FUK. WE TEECH EM WESTELN PEOPLE SOME POOPIE OF THEY OWN YES.

Racism aside, it's a fair assessment.

all the other markets seem to be following, as usual.

if we could break below 550 I would be on cloud 9 (it's that little cloud on the other side of the moon)