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

[JayJuanGee]

[...] we are well out of the long bear market now. The effects of the halving won’t be seen for months yet. The next big bull run is going to melt our faces off, definitely $100,000+ by 2022.

Are you ready?
Are your bags full?

The train won’t wait for long!

Wondering how many new people learning about Bitcoin feel the train has already left the station, even at current >$9K prices.

Going somewhat from experience, the concept of bitcoin really does not have much likelihood to sink in without face melting price moves.  That is NOT about the asset, it is more about how people tend to be.. they tend to not be able to take notice of something unless there is something dramatic and amazing going on with it, and face melting rises to  that level of attention grabbing.

Broker IBKR for example recently dropped the requirement of a minimum first deposit of $10K because they were losing too much retail business. Joe Average does not have a lump sum of $10k to invest, let alone in something still considered very speculative as Bitcoin.

Sure that bitcoin is going to garner the attention of some BIGGER time investors, but likely there is going to be a lot of ongoing inclination for retail investors, and they are going to invest all kinds of small amounts.  Sometimes just a few hundred dollars or whatever they can garner up out of the cookie jar or grandma says to buy a little, just in case.

Not being able to buy an entire bitcoin at once could discourage many from putting in any fiat at all.

Yep.. people tend to be kind of dumb in that regard, and likely causes the bitcoin prices to remain a bit lower, and those of us who have gotten over that kind of unit bias thinking are able to profit from our assymetric information position.

Think that after the next price cycle Bitcoin won’t be denominated in bitcoins anymore, as gold is generally not in kilos.

I am looking forward to our transition to satoshis... and hopefully you are correct that a unit transition might be able to be achieved in this next cycle.. perhaps?  no guarantees of course.. even if we get 10x, that is only 1 more digit, but yeah 100x might make such transition to satoshis even more practical...because it is two digits.... great.. bring us two digits.. that's 1,000,000.. which surely is harder to achieve, even though John McAfee had some confidence about $1,000,000 during the midst of the 2017 price run.

[machasm]

Mempool has finally caught up with the backlog.
Last six blocks have not been full.
Next difficulty change is likely to be in the region of 10% or so.
Everything is back to normal since the halving. Now it's ripe for our great ascension.
I know LFC is ready.
Picked up your last BTC JJG?

[JayJuanGee]

Mempool has finally caught up with the backlog.
Last six blocks have not been full.
Next difficulty change is likely to be in the region of 10% or so.
Everything is back to normal since the halving. Now it's ripe for our great ascension.
I know LFC is ready.
Picked up your last BTC JJG?

Technically, it's .01BTC or 1,000,000 satoshis.     

[Cryptotourist]

Hey JJG, any alternative cryptocurrency to suggest for investment?

<Please don't Grayscale my ass>



#nohomo

[Millionero]

more white people are killed by the police yearly than blacks

What's the per capita figure?

mmmmmmmm

time for a bit of "me time" I think

a quick wank never hurts...   

Unless you have been chopping chili peppers

Voice of experience?

[windjc]

[...] we are well out of the long bear market now. The effects of the halving won’t be seen for months yet. The next big bull run is going to melt our faces off, definitely $100,000+ by 2022.

Are you ready?
Are your bags full?

The train won’t wait for long!

Wondering how many new people learning about Bitcoin feel the train has already left the station, even at current >$9K prices. Broker IBKR for example recently dropped the requirement of a minimum first deposit of $10K because they were losing too much retail business. Joe Average does not have a lump sum of $10k to invest, let alone in something still considered very speculative as Bitcoin.

Not being able to buy an entire bitcoin at once could discourage many from putting in any fiat at all. Think that after the next price cycle Bitcoin won’t be denominated in bitcoins anymore, as gold is generally not in kilos.

People are calling me asking me if they should buy their first coin. I don't think price matters. Emotional desire matters.

[AlcoHoDL]

[...] we are well out of the long bear market now. The effects of the halving won’t be seen for months yet. The next big bull run is going to melt our faces off, definitely $100,000+ by 2022.

Are you ready?
Are your bags full?

The train won’t wait for long!

Wondering how many new people learning about Bitcoin feel the train has already left the station, even at current >$9K prices. Broker IBKR for example recently dropped the requirement of a minimum first deposit of $10K because they were losing too much retail business. Joe Average does not have a lump sum of $10k to invest, let alone in something still considered very speculative as Bitcoin.

Not being able to buy an entire bitcoin at once could discourage many from putting in any fiat at all. Think that after the next price cycle Bitcoin won’t be denominated in bitcoins anymore, as gold is generally not in kilos.

It shouldn't discourage them, but it does.

We tend to see Bitcoin as a train leaving, or a rocket launching to the moon, and we need to rush to get in. It's all nice and good, with CCMF memes and Carolinas when it pumps, and the dreaded Vegetas when we revisit the price that shell not be seen again.

I see Bitcoin as a train, but a train that's infinitely long. One can get in any time he/she wants. There's always a wagon passing by you. Some of us have managed to take the front wagons, and will reach our destination much earlier. Other will join later, but they will still get there. Just later. I have a few friends and relatives who have followed my advice and got into the crypto space, buying some fraction of BTC. Most of them sold it soon after, and bought some altcoin(s) which are "much cheaper than BTC". That's the mistake newbies make, thinking they have to have one whole BTC. When we talk about BTC price in terms of satoshis, those people would wish they had kept the 0.1 BTC (= 10,000,000 sat) they once had...

[Toxic2040]

1h


M

[HairyMaclairy]

Somewhere along the way everything changed. They switched from friendly blue to intimidating black. They started hiding their faces. They separated themselves from society. They developed an adversarial "us against them" stance and started treating the community (their bosses) as the enemy. They hid behind the anonymity of their uniforms and refused to give their names. They abdicated all personal responsibility.

A large part of this coincides with the militarization of the police. Flooding the forces with surplus military equipment, hiring direct from the military (and assuming military training with no decompression can substitute for civilian police training), shifting patrols so cops don't patrol their own neighborhoods, not hiring out of those neighborhoods, the various "war on XX" initiatives all promote that us vs. them mentality.

https://fee.org/articles/the-militarization-of-americas-police-a-brief-history

That's exactly what I was talking about... militarization.

If it does turn into a complete civil war, it will be the state that drew first blood.

It's not really principally a war between the public and the police. It's a war between the government and the people.

That's what makes the second amendment to the constitution of the USA so meaningless in the 21st century. What good are the arms American citizens are allowed to bear compared to military weapons? Bring a knife to a gunfight? Bring a gun to a missile fight?

A Predator drone is patrolling above Minneapolis to provide “situational awareness”. 

[Globb0]

When 0.0001 is worth something in fiat terms you'll be glad you hadn't. Fees will be going down proportionately in btc terms.

At that time I'll have an address with a single input. It cost me $1.73 in fiat terms today to consolidate 143 inputs on that address. Somehow I thought consolidating at low sats today better prepares a long term hodl position. Especially considering that transaction fees are likely to go up as new users create economy and network traffic.

How do you know if you have this problem? I just have a ledger No idea if it is dusty, I mean I know the box is.   :p    

[Globb0]

Yet again a daily candle closed back above the magic line. It really seems to want to gt back up there.

The 10k dream still feels alive for this line. Though there is obvious resistance coming.

A coiling snake may strike



Hourly looks boring but there is an interesting gradual steps upward pattern. Stairway to heaven? or stand by for the manipulator dump again? 10k must be a "take the money" level for some people who are deciding things ages ago to not be emotional about it. Their coins will eventually get hoovered up.


Baby climbing stairs

[HairyMaclairy]

I see a bunch of, mostly young, black, and bored, people using this persons death as a bad excuse to loot and riot.
I also see in the very near future the military regaining control of your cities and restoring order.
I also see four cops being charged in the near future.
What I never see is white people rioting and looting when a white person is being shot by the police.
The poor rednecks of the trailer parks do not loot their neighborhood, if anything, they arm themselves and protect their neighborhood.
Remember, more white people are killed by the police yearly than blacks, yet no white riot.

The rioters outside the White House are almost entirely white so far as I can see.  

People of all colors are angry about racism.

[HairyMaclairy]

mmmmmmmm

time for a bit of "me time" I think

a quick wank never hurts...   

Unless you have been chopping chili peppers

Voice of experience?

Indirectly, yes. 

I know someone who suffered a serious workplace injury. 

[irfan_pak10]

[LoyceV]

Just a reminder that wallobserver.tk exists, for "endless" scrolling of the past hour, day or week.
Is anyone even using this? The domain expires in 4 months

[HairyMaclairy]

Hmmm I didn’t even know that existed !

[irfan_pak10]

Just a reminder that wallobserver.tk exists, for "endless" scrolling of the past hour, day or week.
Is anyone even using this? The domain expires in 4 months

Surely someone helps you in your domain renewal 

[LoyceV]

Surely someone helps you in your domain renewal 

That's why I asked if anyone's using it. I'm not going to renew it, dot.tk doesn't accept Bitcoin and I'm not going to link my creditcard.

[irfan_pak10]

Surely someone helps you in your domain renewal  

That's why I asked if anyone's using it. I'm not going to renew it, dot.tk doesn't accept Bitcoin and I'm not going to link my creditcard.

How much that cost of renewal?

[Karartma1]

Surely someone helps you in your domain renewal 

That's why I asked if anyone's using it. I'm not going to renew it, dot.tk doesn't accept Bitcoin and I'm not going to link my creditcard.

Now that I've found it I must admit it's pretty handy.
Just migrate to a bitcoin friendly service