Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5569. (Read 26607825 times)

9 red daily candles on the past 10.. Still fucking bearish. Weekly looks the same..

H4 on a sideway mode.. but not fuel to any move up..

Hmmm even if I don't want to see that, I am thinking more and more that we need to continue to go down before any bull reversal. Bottom probably still not reached 

Sociopaths my friend. Most of the rich "successful" types, along with the ruling class, have got there by their sociopathic abilities. This is the norm in human history of course and you could probably put a fair portion where humanity has got to so far down to these types as well.

Skipping around a bit, to establish some context:


I could tell that you were young, but I didn’t realize that you were that young.  Perhaps I was confused by the amount of money that you have sometimes claimed to be throwing around.  Most teenagers are financially unsophisticated, and also broke.

Now, a critical thinking question:  To remember predictions made about a future Year 2000, how old would you need to be?

I’m not doxing my age here.  I “remember” things from the 1950s, and the 1930s, and the 1770s—and 480 B.C.  Because I study history.  The latest exemplars that I recall of doomsday climate change predictions for the Year 2000 were from the late 1980s.  I may or may not personally remember the 1980s from direct experience.

Obiter dictum, I always find it remarkable to talk to people who don’t remember a world before Facebook, Twitter, and anthropoid cattle tracking devices “smart” phones.  (Viz., before proper punctuation became unfashionable.)  Or America’s global terror-war of bombing people into “freedom” to stop The Terrorists.  Or...

If any of us survives the near future, then perhaps someday you will have a similar view of people who are too young to remember the world before “the Covid New Normal”.  Do you remember what the world was like before Covid?  —Will you remember that in twenty years—in forty years?  How will you perceive the children who were born after?  How warped, twisted, and shallow will their worldview seem to you, when they are adults who never knew the world in which you grew up?

I challenge you to think about this, so as to shift your perspective.  When you view the world this way, you can transcend the narrow contextual bubble of the present and become a bit of a time traveller.


That seems to be both your premise and your conclusion.


Scaling doesn’t usually work the way that people expect.  For example, as we all know, to “scale” Bitcoin by raising the blocksize limit would have many negative consequences which may not seem obvious in advance:  Explosion in the UTXO set size (a resource-intensive burden to all nodes), increased orphan rate for miners, etc., etc..  It is not only a matter of more disk space.

To scale up meat production by packing animals into little boxes, injecting them full of crap, and feeding them utter garbage is not what I would call “sustainable” in any way.  I would not even call it “productive”, insofar as both process and product are inferior.

It is, of course, not so different than packing so-called “humans” into modern urban environments, injecting them full of crap, feeding them utter garbage...  You are a cow managed by an iDroid device.


In this context, “corn-fed” would implicitly stand in contradistinction to “grass-fed”.  The latter ideally means letting the cattle walk around in a pasture, and munch on what they please.  The difference in meat quality is significant; I am not only joking about it.

Obviously, grazing cattle is less efficient from a bean-counting business perspective.  Among other things, it requires land husbandry to prevent overgrazing from ruining the pastures.


I once knew someone who had switched to a vegan diet as a teenager.  She permanently stunted her adolescent growth, so she always looked rather odd in an unpleasant way.  I’m not sure how much of that was intentional; it seems she did intentionally starve herself outright.  I infer that she probably had an underlying eating disorder, which manifested in her becoming a vegan zealot.  When she was in her twenties, she had a series of mental breakdowns that occasionally required hospitalization; she would be in her forties now...  Anyway, I haven’t only read about veganism on the Internet.  I have known a number of vegans IRL.  All of them were, without exception, quite insane.  But that is unsurprising; what always surprised me about them was the smell—a subtle sort of a cloying sick-animal smell that hung in the air about them.  I have the nose of a dog, so I pick up on such things as others do not.

By the way, no:  I do not actually eat an all-meat diet.  But that is only because I cannot afford it.  I was too much of an idealist when I was your age.  I did not care about money until, in the course of years, I learned the hard way that although money cannot buy happiness, it can prevent unhappiness!  For example, if you have money, then you can afford to have a Platinum account for emergencies.


You know those scary-looking electric stun bolts that PETA misrepresents as cruel?  Those are anesthetics.  Anesthetics need not be chemical!  Look it up in a resource about animal husbandry, not a PETA pamphlet.

Given the choice between being killed while conscious, versus being zapped into instant unconsciousness and then killed, I am guessing that you would probably prefer to be zapped.  From my perspective, it will keep you juicy and delicious; humane butchers actually examine meat for stress marks that are indicia of low quality.

I'm fairly certain CSW has fuck all; it's his butt boy Calvin who bank rolls his bullshit. Wouldn't piss on either of them even if they were on fire tbh, they deserve to get utterly rekt in the courts and hopefully all this nonsense will end sooner than later

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

Mempool count dropping even more (less BTC on the move) and USD moving into the exchanges.



Source: https://www.blockchain.com/charts/mempool-count

Are we in for a bull run? Looks good recovery wise, but still have doubts.

Honestly, I would prefer Calvin be behind bars. Faketoshi deserves it for being a scamming prick but Calvin is a real piece of shit.

Everyone loves a good whinge. Be it your job, parents, wife, or bitcoin a whinge is there for you.

If us normal folk didn’t whinge, all the world's problems would probably be solved by now and how fucking boring would that be?

Off topic:

I’m sure you’re all aware of Faketoshi attempting to take Cøbra to court for ‘copyright infringement’ 
I made a thread, if anybody wants to donate towards Cøbra’s legal costs then his bitcoin address is listed in the OP. Feel free to verify it.

Cøbra is aware of the thread & has actually posted in there.

https://bitcointalksearch.org/topic/donate-to-cobra-pending-court-battle-against-craig-wright-5332996

Hopefully Faketoshi is behind bars soon.

After many years of bitcoin I can say I reach some sort of enlightenment.
I don't care what happens, really.
I own Bitcoin. FULL STOP
I leave the rest to others (trading, investing, being scammed etc.).
Remember, you OWN bitcoin. You have skin in the game. Don't get fooled by price swings.

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...  Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.

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I know you’re joking; but for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.

Just need to make sure that it suffers at the end, the tears will help it tenderize

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

I was not competing with you now.  I feared for the value of my bitcoins!  There is a market theory called the “JJG indicator”.  By comparison to most daytrading TA theories, it is mathematically proved and scientifically confirmed.  It says that when JJG runs out of words, then Bitcoin is a STRONG SELL and should be shorted at high leverage.

No pressure.    #nohomo


At some point, real life takes over.  I’m not supposed to be here at all now; I should probably tie up some loose ends here, catch up on a few threads, and then devote my attentions elsewhere.  Call it a guilty pleasure.


I do like it.  For a long time, I had it set in my mind that $1 was worth “more or less somewhere around 10k sats”.  Now, it’s around 2k sats; that’s not quite as convenient as a power of ten, but it nonetheless makes mental estimations easy.  Bonus:  My bitcoins buy more when I need to spend them, which I try to avoid.

Round numbers tend to form Schelling points; so I would not be surprised if we need to cool off and take a breather before sufficient demand pressure forms to push us up to the next point.  That is my instinct, based on no market data and no “market research”.  Take it for what it’s worth.

In the abstract, I am also of the general opinion that slower, steadier growth is better for Bitcoin.  I know that you will say that “king daddy” doesn’t care what I want.  I am simply hoping for sustainable growth with less volatility and fewer, smaller corrections.  As more people—and moreover, more rich people become to some degree economically dependent on Bitcoin, I don’t think it’s unrealistic to hope that we can break out of the old market cycles.

Anyway, unless there is some extreme black swan (death of the Internet, Roosevelt-style seizure by a superpower government, etc.), I reasonably expect that Bitcoin will get to $100k and $1m and beyond.  It took awhile to reach a sustainable floor above $1k, and above $10k; what difference does it make if the market bounces around and solidifies for awhile at $50k?

At this juncture, Jay, I will say something that you will hate:  If you want to make 100x fast (at high risk of losing everything), go invest in altcoins!  Because:  Risk and reward.  Whereas Bitcoin is becoming a safe investment, at least relative to what it was a few years ago.  If you want something that you can buy, put into cold storage, and then just not worry about in the long term, then you must be satisfied with a measly 2x or 5x gain here and there.  It’s not the first time I’ve said this:  Bitcoin is becoming a relatively boring investment—and that’s a good thing!

It is because of that safety that I would now feel comfortable recommending significant Bitcoin investments to the types of people who probably couldn’t have handled it before.  I myself almost wholly ignored the worst of the big bear market of 2018:  I just let my coins sit where they were, stopped watching the ticker, stopped reading the news—didn’t waste time with it, didn’t worry.  That was with my life savings.  But I realize that I am unusual.  When Bitcoin reaches the point that ordinary, average types of people can be advised to put a chunk of their money into Bitcoin—not all, but a good chunk—and just forget about it, then I think that the Bitcoin market will be maturing to the point that we can get that steady growth.  And that forms a positive feedback loop, insofar as the steadier the market is, the more that we can bring “normies” into it.


For my part, I am happy with $50k for now.  I am bemused to see people talking about a “crash”.  What crash?  Do people even remember what the number was only half a year ago? 

^^^ Consider that to be my curmudgeonly take on the JJG style of stacked smilies.

I do hope not to see further huge drops.  That could be a real crash.  The $50k range (plus or minus, say, 10%) would be a good point to rest without too much panic, mindrusting, or bears coming out in force; and I hope to see a firm floor develop here, for jumping off to the next point.

See what I mean?

Peeps complain, even though they know we be in a good place.

Go figure, ur lil selfies?


That's the spirit somac.



We can tolerate anything because when we boil things down to their pure essences, there really is no "we."

There are just a loosely nit group of folks who happen to share quite a few interests in common, and those who have pee pared their lil selfies (psychologically and financially) for either UP or DOWN are going to be more ready, willing and able to tolerate DOWN, in the event that it happens. 

There are some of "us" who do end up cracking from time to time, and likely because of lack of preparations either psychologically of financially for something that happens and was NOT quite expected - even though most of us who have been around enough have either learned (or just created a great enough financial cushion that it does not really matter) to expect beyond expected - which would include NOT panicking when the less likely scenario(s) actually does end up playing out.

I'm humbled, you are far too generous.

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Thanks for the link. So far, the address has recieved 12.5 BTC.

He does. https://twitter.com/CobraBitcoin/status/1352231172210876416

I already said uncle... didn't I?


You surely are more wordy than me, when you are around.

You just disappear for a month at a time or perhaps 6 months to a year at a time.

Not saying that I am worried about you, but if you were persistent, you would not ONLY be MOAR wordy than the wordiest amongst us (speaking of yours truly for sure) but you would also have a post count to go along with it, too. 

#justsaying

Speaking of bitcoin prices, I have no real problema where we are at, currently, surely decent sized correction down to $47,555 (constituting about 27% correction from the top), and than maybe bouncing back to bounce around $50k-ish - and who is to say that the correction is over, exactly, but does not really seem to matter too much.

This is kind of like the stability that people should seem to want (and surely a way better place than the stability that you, nullius pullius, was calling for in around September-ish - if I am remembering my dates right?), but when we are here in this kind of seemingly stable place, a lot of peeps are actually moaning about it. 

I think rejoice in respects to the place where we happen to be - even if we might get some further drops.. up to 40% or 50% is not necessarily unusual, even though I am not sure about how high the odds would be beyond seeming to have a kind of potential trend is your friend kind of situation that some of us would prefer NOT to have, and surely seems like UPpity is going to continue at some point.. but just not always clear about how long such UPpity continuation is going to take to actually be noticed as continuing UPpity.


This could be a reason to donate to Cobra's legal defense fund (if he has one).. because Cobra did seem to do the right thing by leaving the white paper up and also calling Craig a loser.

A solution: hang out with different people.