Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1646. (Read 26714780 times)
September 29, 2023, 03:03:24 PM
September 29, 2023, 02:58:43 PM
Quote
After basically the whole #Microsoft #Azure cloud was hacked (see list of related sources on https://karl-voit.at/cloud/ ), the first follow-up incidents went public caused by missing containment actions:
60,000 emails were stolen from 10 #USA #StateDepartment accounts
https://www.reuters.com/world/us/chinese-hackers-stole-60000-emails-us-state-department-microsoft-hack-senate-2023-09-27/
If you didn't understand until now: basically EVERYTHING at Microsoft got hacked and Microsoft can't (or won't) get rid of the intruders. Everything authenticated by Microsoft is tainted. Even #Windows auth.
60,000 emails were stolen from 10 #USA #StateDepartment accounts
https://www.reuters.com/world/us/chinese-hackers-stole-60000-emails-us-state-department-microsoft-hack-senate-2023-09-27/
If you didn't understand until now: basically EVERYTHING at Microsoft got hacked and Microsoft can't (or won't) get rid of the intruders. Everything authenticated by Microsoft is tainted. Even #Windows auth.
https://graz.social/@publicvoit/111147782761723981
agriculture and vaccines are more important to Bill nowadays...
September 29, 2023, 02:51:53 PM
I’m feeling more bullish in the last few days than I have since the 2021 bull run. I think we are going to start a slow ascent soon as the halving closes in. Everything is in place for another round of massive, life changing money in the next 2 years.
Let’s eat!
Let’s eat!
I feel same as you and I believe that this time the bull run will make many of us rich once again.
I'm 100% optimistic about the coming bull run and surely that will happen in 2 years from the start of 2024. 
September 29, 2023, 02:51:10 PM
@BritishHodl
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
The same case is here, father my grandfather got almost 50 acres kilometers of agricultural land here in Pakistan for what I'm not aware of.. But as per current market rates here, the land is worth around $16k to $18k, (As the land is area-specific & fertile). They really invested a lot in real estate as the market was not that developed in my area and now most of Uncles own the land in the main city area (A small city near Lahore). Haha, But to be honest as it was a joint family system now after too many separations my father got almost 3.5 arc.. My father knows that investing in Real Este is not very profitable now and He considers DCA on every salary..
Every generation has it's asset, and this generation's is #Bitcoin .
Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056
Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056
Got it, we are in Bitcoin's age .. I'm optimistic that a significant number of people will come to realize this fact during the ongoing bull run but at that time a small portion will be leftover for accumulation.. #we_are_not_late #earlyadopters...
September 29, 2023, 02:44:23 PM
I’m feeling more bullish in the last few days than I have since the 2021 bull run. I think we are going to start a slow ascent soon as the halving closes in. Everything is in place for another round of massive, life changing money in the next 2 years.
Let’s eat!
Let’s eat!
September 29, 2023, 02:27:08 PM
I wonder what sparked this pump. Any ideas?
It's just the beginning as we are about to enter the 4th Quarter, 2023 and the last quater of the year prior to bitcoins halving is always bullish.
I was referring to the quick pump we saw yesterday, so I was looking for some news that could have triggered it.
I think you're talking about a general evolution trend on the quarterly time scale. I merited your post anyway.
According to Cointelegraph liquidations and Institutional interest can be the cause of the pump that we have seen yesterday.
And, I believe that such pumps are showing us that soon we are going to enter pre-bull run phase and after a few months we will most probably enter bull run and see so many pumps of higher intensity.
The Sec is also going to accept Bitcoin ETF's sometime during the bull run which will further increase the intensity of the bull run.
Source
September 29, 2023, 02:19:03 PM
@BritishHodl
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
They got extremely lucky as they bought that house just as Nixon decided to start exporting inflation around the world in the USA.
That house is now worth roughly £500,000.
A Compound Annual Growth Rate of 9.63%.
To maintain that trajectory of rise, the same house would need to be worth £59.6m in 2075.
Every generation has it's asset, and this generation's is #Bitcoin .
Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
They got extremely lucky as they bought that house just as Nixon decided to start exporting inflation around the world in the USA.
That house is now worth roughly £500,000.
A Compound Annual Growth Rate of 9.63%.
To maintain that trajectory of rise, the same house would need to be worth £59.6m in 2075.
Every generation has it's asset, and this generation's is #Bitcoin .
Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056
I also agree with what you say, things are very different today, the roots are good, yes, but things are going at a different pace, what do I do by Buying houses when you can buy bitcoin and if you buy Bitcoin It is a guarantee of comparing the 4 houses with a hotel. What I think is that things can suffer devaluations, but bitcoin will never devalue.
It's true when you say "that's what worked for me " and they keep trying to bring that to the new generations, the new Generations have opportunities that our parents didn't have , you just have to know how to find them , the best is Bitcoin .
Quote
The argument for BTC being deflationary is based on the fact that the supply of BTC is limited and inherently incorporates a disinflationary measure called halving. The halving event cuts the rewards for miners, affecting BTC’s scarcity and reducing inflation over time. As the mining reward continues to fall over time, it becomes increasingly difficult and expensive to mine BTC.
The 21 million cap on supply means once all coins are mined, no more are added to the market. Once BTC’s hard cap is reached around the year 2140, inflation stops because no new coins will be added into circulation. Finally, as the adoption and demand for BTC continue to increase due to rising external demand and its internal disinflationary mechanics, its price could continue to increase. BTC can hedge against inflation due to its internal mechanics, which gradually reduce its inflation rate.
The 21 million cap on supply means once all coins are mined, no more are added to the market. Once BTC’s hard cap is reached around the year 2140, inflation stops because no new coins will be added into circulation. Finally, as the adoption and demand for BTC continue to increase due to rising external demand and its internal disinflationary mechanics, its price could continue to increase. BTC can hedge against inflation due to its internal mechanics, which gradually reduce its inflation rate.
Source: https://cointelegraph.com/explained/inflationary-vs-deflationary-cryptocurrencies-explained
I like how they explain it there, just being deflationary will always be more valuable than another stock or Real Estate.
September 29, 2023, 02:01:16 PM
September 29, 2023, 01:49:22 PM
Was about to post in another thread about price predictions/bull run etc, when I thought the last all time high and inflation. Here are the numbers I used, but essentially just taking inflation into consideration with no rise in new money entering the market the next Ath would be $79,844. It gave me pause for thought alot if the predictions threads are guessing 100k to 130k, it seems a bit wimpy to me and not the explosive bull run I hear about so much.
Ath-$69045
Rate of Inflation(annual)- 3.7%
Method Compounding(annual)
Time- 4yrs(eg 2021 -2025)
What do you all think?
Ath-$69045
Rate of Inflation(annual)- 3.7%
Method Compounding(annual)
Time- 4yrs(eg 2021 -2025)
What do you all think?
Of course debasing of the dollar is an ongoing factor that could end up misleading our assessment of both relative value and even the creation of meaningful (or real dollar) price performance targets
It is more difficult to account for these matters in shorter-time frames and it could become confusing to figure out whether we are in profits or how much we are in profits relative to other places in which we could have put our monetary value (as contrasted to where to put our time and our energies too.. which may be more realistic measurements).
We know that in the longer term we will likely be ahead, even accounting for dollar debasement, yet it still might not be easy to measure in the shorter term, but in the longer term we might be able to figure out some of it in terms of goods and services or other quality of life matters.
September 29, 2023, 01:33:58 PM
Was curious how Coinbase's 5% APY on USDC worked, so I bothered to look into it, how they could be paying that much out in a world with low equity yields.
Now it all makes sense. They back it with the purchase of short term U.S. treasuries yielding 5.5%.
That means that once the Fed starts lowering rates, bye bye that APY on USDC.
Money will flood out of USDC and start chasing higher btc prices.
And looks like the USDC total market cap has already fallen from ~60B to now ~25B in just a half year.
Will stay away for now.
Now it all makes sense. They back it with the purchase of short term U.S. treasuries yielding 5.5%.
That means that once the Fed starts lowering rates, bye bye that APY on USDC.
Money will flood out of USDC and start chasing higher btc prices.
And looks like the USDC total market cap has already fallen from ~60B to now ~25B in just a half year.
Will stay away for now.
September 29, 2023, 01:33:30 PM
@BritishHodl
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
They got extremely lucky as they bought that house just as Nixon decided to start exporting inflation around the world in the USA.
That house is now worth roughly £500,000.
A Compound Annual Growth Rate of 9.63%.
To maintain that trajectory of rise, the same house would need to be worth £59.6m in 2075.
Every generation has it's asset, and this generation's is #Bitcoin .
Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
They got extremely lucky as they bought that house just as Nixon decided to start exporting inflation around the world in the USA.
That house is now worth roughly £500,000.
A Compound Annual Growth Rate of 9.63%.
To maintain that trajectory of rise, the same house would need to be worth £59.6m in 2075.
Every generation has it's asset, and this generation's is #Bitcoin .
Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056
The real estate stories are similar everywhere. I also have relatives who bought property at very cheap rate back in 1970 - 80 in capital city and prices of that property are too high now.
May be one day our descendant may say that there ancestors (we people) were lucky to buy bitcoin at 26k$ in 2023.
September 29, 2023, 01:30:40 PM
She said yes!
September 29, 2023, 01:17:44 PM
Beautiful near-doji on the hourly earlier today, with long, equal wicks.
September 29, 2023, 01:01:19 PM
September 29, 2023, 12:26:41 PM
Eddie, i remember some Xwitter news about Coinbase regulatory approval from yesterday, but i only quickly flew over it.
This?
https://www.theblock.co/post/253326/coinbase-perpetual-futures-retail-users
Is this a big deal? It's futures after all, so paper contracts without any bitcoin changing hands.
I'd argue that having futures without spot is worse than not having futures at all.
With Bitcoin continuing to leave exchanges, liquidations tend to have a strong impact on price. In the past 24-hours alone, over $21.5 million BTC shorts have been liquidated with over $17.4 million in shorts being liquidated in a 12-hour timeframe.
https://cointelegraph.com/news/why-is-bitcoin-price-up-today
https://cointelegraph.com/news/why-is-bitcoin-price-up-today
I love how the price always does the opposite of what these analysts on crypto news sites say.
"Liquidations could be sending Bitcoin price higher" and a few hours later it dumps 1k lower
September 29, 2023, 12:22:20 PM
I wonder what sparked this pump. Any ideas?
It's just the beginning as we are about to enter the 4th Quarter, 2023 and the last quater of the year prior to bitcoins halving is always bullish.
I was referring to the quick pump we saw yesterday, so I was looking for some news that could have triggered it.
I think you're talking about a general evolution trend on the quarterly time scale. I merited your post anyway.
Quote
With Bitcoin continuing to leave exchanges, liquidations tend to have a strong impact on price. In the past 24-hours alone, over $21.5 million BTC shorts have been liquidated with over $17.4 million in shorts being liquidated in a 12-hour timeframe.
https://cointelegraph.com/news/why-is-bitcoin-price-up-today
September 29, 2023, 12:09:23 PM
Quote
After basically the whole #Microsoft #Azure cloud was hacked (see list of related sources on https://karl-voit.at/cloud/ ), the first follow-up incidents went public caused by missing containment actions:
60,000 emails were stolen from 10 #USA #StateDepartment accounts
https://www.reuters.com/world/us/chinese-hackers-stole-60000-emails-us-state-department-microsoft-hack-senate-2023-09-27/
If you didn't understand until now: basically EVERYTHING at Microsoft got hacked and Microsoft can't (or won't) get rid of the intruders. Everything authenticated by Microsoft is tainted. Even #Windows auth.
60,000 emails were stolen from 10 #USA #StateDepartment accounts
https://www.reuters.com/world/us/chinese-hackers-stole-60000-emails-us-state-department-microsoft-hack-senate-2023-09-27/
If you didn't understand until now: basically EVERYTHING at Microsoft got hacked and Microsoft can't (or won't) get rid of the intruders. Everything authenticated by Microsoft is tainted. Even #Windows auth.
https://graz.social/@publicvoit/111147782761723981
September 29, 2023, 12:03:24 PM
September 29, 2023, 11:01:17 AM
September 29, 2023, 10:05:50 AM
Was about to post in another thread about price predictions/bull run etc, when I thought the last all time high and inflation. Here are the numbers I used, but essentially just taking inflation into consideration with no rise in new money entering the market the next Ath would be $79,844. It gave me pause for thought alot if the predictions threads are guessing 100k to 130k, it seems a bit wimpy to me and not the explosive bull run I hear about so much.
Ath-$69045
Rate of Inflation(annual)- 3.7%
Method Compounding(annual)
Time- 4yrs(eg 2021 -2025)
What do you all think?
Ath-$69045
Rate of Inflation(annual)- 3.7%
Method Compounding(annual)
Time- 4yrs(eg 2021 -2025)
What do you all think?
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