Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5690. (Read 26609407 times)

legendary
Activity: 1526
Merit: 2617
Should have created my own blockchain token called Random Asshole Tokens or RATS and watch it go up 20% today for no reason too.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)

FUD vs FACT

1. "According to TradingView, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
https://www.coindesk.com/market-wrap-bitcoin-steady-near-59k-while-gains-in-altcoins-pushed-crypto-market-cap-to-2t

2. Bitcoin “will absorb the altcoin market cap sooner or later,” Ju said.
https://www.coindesk.com/crypto-market-capitalization-2-trillion-first-time



"Altcoin season" about to top?
sr. member
Activity: 807
Merit: 423

Without selling any BTC how you will be rich then? Of course selling all will be stupid.. but you have to sell sometime... world still runs on fiat...  Sad (and Merc, GMC, Toyota, Honda etc)
As bitcoin's value keeps going up, you can continue to borrow against it without increasing your debt-to-equity ratio.  You do not ever have to sell.
legendary
Activity: 1795
Merit: 1208
This is not OK.

Aha, now I see. Lender makes a btc transaction to the borrower. So, no longer the lender's keys. This checks out.

If the btc are not back by the given time, the collateral is released (to the lender, I suppose). So the risk would be an insolvent borrower AND the collateral not covering the "new" value of btc at loan expiry. This also checks out.

What does not check out is the following. Imagine being the borrower. Imagine being asked for, say, 200% collateral. Maybe in USDC/USDT? OK. So at expiry, if the btc you borrowed is worth more than the collateral, why give the loan back? Let the lender just have the collateral. On the contrary, if the btc you borrowed is worth less than half the collateral, give it back of course, and keep your relatively precious collateral. In other words: a shorter's paradise. (EDIT - No: it's more like an arbitrage, since it's impossible to lose if this is all there is to it.) Am I missing something? It's obvious I am, but I don't know exactly what - or I wouldn't be missing it  Cheesy

Another thing that escapes me: if you can post, say, 100k usd collateral, why would you borrow a bitcoin rather than buying one - or two? For simplicity, I'm assuming 1btc = 50k$.

Biodom, have you been able to figure this one out?

Just sounds like market forces then. Gotta predict what's going to happen and hope for the best. Either side could win or lose.
copper member
Activity: 1526
Merit: 2890

FUD vs FACT

1. "According to TradingView, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
https://www.coindesk.com/market-wrap-bitcoin-steady-near-59k-while-gains-in-altcoins-pushed-crypto-market-cap-to-2t

2. Bitcoin “will absorb the altcoin market cap sooner or later,” Ju said.
https://www.coindesk.com/crypto-market-capitalization-2-trillion-first-time

hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale


Right - all that carries value to protect, firewalling, tresors, payment systems, AML checkins,.. you name it: All need PoW - permanently

if you pull the plug and go shitty like PoS, you retire and also your protection with it
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
I just have 1 question



?? ?? Huh

Can't be. Last two characters are the same, so it must be something like GONG CHOO CHOO.

 You would think so but even though the first character is different, it's actually pronounced "贺 hè 赫 hè 赫 hè"

赫 赫 means something like "majestic" - it's the person's given name preceded by the family name -

The family name might be pronounced "Ho" so "When Lamb Ho" would be more believable Smiley



So, a short for: when Lambos and hoes?  Grin
copper member
Activity: 1526
Merit: 2890
Magnet link for the facebook flat files. 15G

magnet:?xt=urn:btih:0595273ab674e05131a757f69f494a4285b429aa&dn=Facebook%20Leak%20%5b2019%5d%5b533M%20Records%5d%5b106%20Countries%5d


So he want all of us to use Messenger and Whatsapp and he himself is using end-to-end encryption chat-app Signal?? Well done Mark Zuckerberg well done!!!

"A security researcher confirmed that Zuckerberg uses Signal app. Zuckerberg's phone number was among the leaked data of 533 million Facebook users. "




https://twitter.com/Daviey/status/1378646544719753216

https:// haveibeenfacebooked [dot] com

What data has been leaked?
Along with phone numbers, the following data has been leaked:
  • Facebook Account ID
  • Full Name
  • Gender
  • Relationship status
  • Home address and birth location
  • Workplace


in addition to that (for some accounts)
  • Email
copper member
Activity: 1526
Merit: 2890
A bonus protip.. you do not become richie by selling your BTC.



Without selling any BTC how you will be rich then? Of course selling all will be stupid.. but you have to sell sometime... world still runs on fiat...  Sad (and Merc, GMC, Toyota, Honda etc)
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Isn't it time for a new poll?

Since this one has been up, we've hit $60k numerous times, and it's highly unlikely we'll see sub-$50k ever again.

If we didn't go that low a couple of weeks ago when we had the last major correction, it's an extremely long shot for it to ever go that low again, even after a big bubble up over a quarter million and an extreme crash.

With the institutional involvement, it's unlikely we'll ever see another 80% crash.
legendary
Activity: 3808
Merit: 7912
Magnet link for the facebook flat files. 15G

magnet:?xt=urn:btih:0595273ab674e05131a757f69f494a4285b429aa&dn=Facebook%20Leak%20%5b2019%5d%5b533M%20Records%5d%5b106%20Countries%5d

https://haveibeenfacebooked.com/

What data has been leaked?
Along with phone numbers, the following data has been leaked:
  • Facebook Account ID
  • Full Name
  • Gender
  • Relationship status
  • Home address and birth location
  • Workplace
sr. member
Activity: 406
Merit: 361
Really interesting price action at this level.
It is giving the moving averages a chance to catch up.
All the signs are bullish - but Bitcoin always finds a way to surprise us.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
Bitcoin as stable as it has been for the past month is not very indicative of the top of a bubble.

We're building a floor.

Nice wide base which will make the take off better.
Sideways with an upwards bias.
One more day added to the ledger. Grin
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
r0ach was kind of fun, I actually liked him. The persistence and negativity was always a fun thing to read. Made me feel somewhat normal.
I have a bad feeling about r0ach. Would like to hear from him again, but I'm afraid we never will.

Yep.  Probably dead.

Rip roach.



I always check the price every hour (mostly..).. So I can know if I have to sell more or not. Cheesy Cheesy

Protip:

Those of us who got richie as fuck from bitcoin.. rather than fucking around staying poor like an imbecile (aka Save the RF) also check the bitcoin price several times a day, but we are checking the BTC price in order to verify if we are going to buy or not...

A bonus protip.. you do not become richie by selling your BTC.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Bitcoin as stable as it has been for the past month is not very indicative of the top of a bubble.

We're building a floor.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

With the current Big Mac to BTC price index it would either mean a $10,000,000 BTC /$1000 Mac or a $1,000,000 BTC / $100 Big Mac unless you believe BTC can drop 90%.


Sure, bitcoin's price could drop 90%, which would be around   $6k - but it is NOT very likely and not likely
More likely, BTC prices would need to go up to $150k or more before they are going to be "eligible" for a 90% dip, and that would be bringing BTC prices down to about $15k.

The numbers just do not add up, including that getting more than a 75% dip will be quite difficult unless we go above $200k, which would bring prices back down to $50k.

I understand that a lot of these ideas come off as woo woo.. but there will remain questions about severity of any dip and also the conditions upon which such a severe dip might happen - whether it happens from current prices or if it were to happen after a certain amount of BTC price appreciation, and historically we have seen that the BIGGER kinds of dips largely become possible after the BTC price has gone up so severely and for such a long period or a steep period that a BIGGER kind of dip becomes within reason... so something seems quite wrong with a $1million BTC and a $1,000 BigMac.. just seems like it logically does not add up, whether we are referring to current ratio or trying to extrapolate various kinds of possible future scenarios that would allow one or the other to be achieved or still to be able to allow both to be achieved, which really seems like an outlining of various sets of events and outcomes that have very low odds of playing out.

So, Jesus is dead
But don't you worry, he'll be back
Just like bitcoin will

Assumes facts not in evidence.

I would not suggest anything less than a 15% to 20% drop from our current ATH to be anything that is actually "down."

That would be lower than anywhere between $49,300 and $52,500.

Otherwise we remain pretty much UP.. and UP in such a way that is largely at the top of the range.. and knocking on the door of another ATH.


I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

With the current Big Mac to BTC price index it would either mean a $10,000,000 BTC /$1000 Mac or a $1,000,000 BTC / $100 Big Mac unless you believe BTC can drop 90%.


My comment was a reply to that, point being, if we reach $1,000,000 through hyperinflation, then it's not much to celebrate.

Yes.  Some peeps have "hyperinflation" theories that attempt to explain why the BTC price is going up.  Those theories are not correct (even if they have some evidence to support them). 

In other words, the honey badger, aka king daddy, aka lil fiend, aka dee corns, aka bitcoin don't give no shits about ur dumb ass hyperinflation that may end up exacerbating a preexisting condition. 

In udder words, bitcoin is going up whether there happens to be hyperinflation or not.
legendary
Activity: 2520
Merit: 3038
It works also when NGD though. It's just the color of the dildo that changes.
copper member
Activity: 2898
Merit: 1465
Clueless!
Long fight at 59k. Coil baby coil.


First read it as 'oil baby oil'

Then realized...hell...that works too!

Smiley

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Magnet link for the facebook flat files. 15G

magnet:?xt=urn:btih:0595273ab674e05131a757f69f494a4285b429aa&dn=Facebook%20Leak%20%5b2019%5d%5b533M%20Records%5d%5b106%20Countries%5d
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it

 Oh thank God you've found this!  We thought it was lost forever.  Original title: "Lord of the Rings on Less Than a Buck Thirty US"


Waiting for the moment I'm soo bored I can force feed it to myself. Grin

Would be fun to see some graphics artists have some fun with it and see what they can accomplish for a school project.
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