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

[Last of the V8s]

10k by Christmas.

Which year?

2017.

$10,000 by end of August

Steady now.

[Toxic2040]

In other news this morning...

Bitcoin continues to show heavy correlation with the stonk market and specifically the S&P500. The Dow, S&P500 and Bitcoin are all down today near 1%. Ethereum is surprisingly up today and seems to be attempting to break correlation between bitcoin and the stonk markets...interesting imo.

Gold breaks $1.9k and seems to be intent on breaking its ATH. Silver is also up significantly, trading above $22 today.

1984 has arrived at Seattle today and apparently other major US cities.
https://www.thestranger.com/slog/2020/07/23/44149420/department-of-homeland-security-plane-lands-in-seattle


Probably wont be wearing badges or nameplates but will potentially be carrying shields stating they are police.





Covid-19 cases continue to rise in the US and around the world. People...please wear a mask when your out in public and especially in enclosed spaces such are stores. It makes a difference.
This guy does some good videos on it..I recommend watching it if you are on the borderline as to what is effective or not with mask usage.
https://www.youtube.com/watch?v=npXP5wqNzaI

Over 4 million cases are now being reported in the US, a jump from 3 million to 4 million in the last 15 days...

Washington State among others also continues to see the number of cases rising.


Stay safe out there people...stay strong in heart and mind. We will get through this.

Peace

[dragonvslinux]

The moment you realise not everything went quite to plan:

Code:

cryptsetup: ERROR: Couldn't resolve device 

Looks like I've got some dpkg re-configuring to do and looking into grub files   

[rdbase]

10k by Christmas.

Which year?

2017.

$10,000 by end of August

Steady now.

Best to stay steady like freddy.
I got to keep off the aLcOhOl.

[OutOfMemory]

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

[rdbase]

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

Sounds nice, and thanks for posting. I'm left wondering, however, what are the implications and why is this important?

It could be good and bad for bitcoin.
Depending on where you live.
CB (Coinbase for the crypto inept ) will hound you if your in the US for you to pay your taxes on your crypto gains.

For the good: The bitcoin printer go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
Until someone says  "ShAzAm!".... you bastards! (in a milton from the office space movie sort of way)
https://gfycat.com/alivebitesizedhylaeosaurus
https://i.ibb.co/hRqDYnk/71tP.gif
https://gfycat.com/rawsafegalapagoshawk

*awwwee fuk it

[OutOfMemory]

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

Sounds nice, and thanks for posting. I'm left wondering, however, what are the implications and why is this important?

Legal consequences.
What is the definition of "trading service"?
A node, an exchange, a bank?
Since banks are allowed to trade bitcoin for customers, worst case would be that only licensed businesses are allowed to sell/keep/buy bitcoin, i guess.
While this is restricted to the US, on the other hand, so not "another ending of bitcoin" in any way.

It could be good and bad for bitcoin.
Depending on where you live.
CB (Coinbase for the crypto inept ) will hound you if your in the US for you to pay your taxes on your crypto gains.

Yeah, and that, of course.

[Toxic2040]

the noon wall report

Bitcoin is hodling steady at around $9.6k today as some consolidation and minor profit taking seems to be taking place. As our Honorable Secretary has stated..steady as she goes. I concur Sir.


short fibs slightly raised to reflect local higher high
4h



#dyor
D

#stronghands

[El duderino_]

10k by Christmas.

10k this weekend

[JayJuanGee]

Update from @ChartsBtc

Need less than 7 doublings to get #bitcoin over $1,000,000Reloj de pulsera

Source: https://twitter.com/ChartsBtc/status/1286673881533571072

Like lungs breathing in and out.

[DaRude]

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.  

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:

• You claimed that your shitcoin BSv is as decentralized as bitcoin
• I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion
• You tried evading tactic by claiming that you already explained decentralization
• I stayed on it, and asked you to repeat it
• You pointed to a post where you're bitching that that nodes are not a measure of decentralization. Conveniently still never defining decentralization.
• You then replied "Bingo" to AlcoHoDL's speculation that by decentralization you might mean potential to be decentralized. As if we were all playing the "Guess wtf jbreher means by decentralization today". You then confirm that by saying that the only difference is the "current popularity of each"
• To point out that such stupid definition wouldn't work outside of 3 coins, i asked if by your definition BCD (Bitcoin Diamond) is as decentralized as BTC
• You replied that because BCD is not SHA256 POW it "has no meaningful ties to the satoshi legacy." As if only god coins can be decentralized?? And obscuring your idea of decentralization even more

Just because my server has potential fundamentals to grow to Google's size, doesn't make my server as decentralized as Google. Sorry.

Today i just read the "Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’" article https://www.coindesk.com/4-experts-agree-craig-wrights-latest-cryptography-claims-are-nonsense to summarize:

• CSW - I own this address
• - signed message pops up from the address saying CSW is a "liar and a fraud"
• CSW - “no message was signed. You cannot have a digital signature that is anonymous, by definition." Provided some veiled definition of signatures
• Everyone who ever validated a signature - LMAO wtf???
• Johns Hopkins associate professor and cryptographer Matthew Green - Wright’s explanation “makes zero sense to me as a cryptographer,” ... "Because the words he’s using sound like nonsense to me.”
• Symbolic Software applied cryptographer Nadim Kobeissi - “Having followed Craig Wright’s tale, I personally think that there is as much validity to the claim that Craig Wright is the inventor of Bitcoin as there is validity to the claim that the Earth is flat.”

The parallels between your approaches are striking. I also recalled Toxic2040 post about how your pedantic drivel is similar to Faketoshi. You strive for publicity to stay relevant, at a cost of making yourself look like a total idiot to anyone with a single brain cell. But that does radicalize your base, so those few people you do manage to convince will blindly follow you and unquestionably believe everything that you say. Luckily in this scene there are more "neckbeards" (that you're desperately trying to marginalize) who posses critical thinking, that will call you out on all of your BS.

[LFC_Bitcoin]

Observing $9,634

Slow & steady rises, just like V8 said. I still say we end 2020 at around $13,000/$14,000 but this is good. $9,000 looks solid, would be really good to get over & stay over $10,000 by the end of next month.

[ivomm]

Garry Kasparov, one of the greatest chess grandmasters of all time on #Bitcoin...

https://twitter.com/alistairmilne/status/1286741537238536200

[TheJuice]

Hella bullish after some consolidation. I like seeing alts rise as well. Slow and steady to 14k over the next 2 months seems likely.

[ivomm]

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.  

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:
[edited out]

The real question is whether there is another BSV bag holder apart from jbr... worldwide. I doubt that even CW holds this shit anymore.

[Toxic2040]

Let me summarize my interaction with you so far:

• You claimed that your shitcoin BSv is as decentralized as bitcoin
• I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion
• You tried evading tactic by claiming that you already explained decentralization
• I stayed on it, and asked you to repeat it
• You pointed to a post where you're bitching that that nodes are not a measure of decentralization. Conveniently still never defining decentralization.
• You then replied "Bingo" to AlcoHoDL's speculation that by decentralization you might mean potential to be decentralized. As if we were all playing the "Guess wtf jbreher means by decentralization today". You then confirm that by saying that the only difference is the "current popularity of each"
• To point out that such stupid definition wouldn't work outside of 3 coins, i asked if by your definition BCD (Bitcoin Diamond) is as decentralized as BTC
• You replied that because BCD is not SHA256 POW it "has no meaningful ties to the satoshi legacy." As if only god coins can be decentralized?? And obscuring your idea of decentralization even more

Just because my server has potential fundamentals to grow to Google's size, doesn't make my server as decentralized as Google. Sorry.

Today i just read the "Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’" article https://www.coindesk.com/4-experts-agree-craig-wrights-latest-cryptography-claims-are-nonsense to summarize:

• CSW - I own this address
• - signed message pops up from the address saying CSW is a "liar and a fraud"
• CSW - “no message was signed. You cannot have a digital signature that is anonymous, by definition." Provided some veiled definition of signatures
• Everyone who ever validated a signature - LMAO wtf???
• Johns Hopkins associate professor and cryptographer Matthew Green - Wright’s explanation “makes zero sense to me as a cryptographer,” ... "Because the words he’s using sound like nonsense to me.”
• Symbolic Software applied cryptographer Nadim Kobeissi - “Having followed Craig Wright’s tale, I personally think that there is as much validity to the claim that Craig Wright is the inventor of Bitcoin as there is validity to the claim that the Earth is flat.”

The parallels between your approaches are striking. I also recalled Toxic2040 post about how your pedantic drivel is similar to Faketoshi. You strive for publicity to stay relevant, at a cost of making yourself look like a total idiot to anyone with a single brain cell. But that does radicalize your base, so those few people you do manage to convince will blindly follow you and unquestionably believe everything that you say. Luckily in this scene there are more "neckbeards" (that you're desperately trying to marginalize) who posses critical thinking, that will call you out on all of your BS.

+10 WOsMerit's

best rebuttal and post ive read here in awhile

thanks

[vapourminer]

EDIT this reply wound up in its own topic due to some error on my part. sorry for cross post:
https://asktom.cf/index.php?topic=5264273.msg54864403#msg54864403

decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run?

No. But nice mischaracterization. At this point, there are plenty of 'normal' computers processing the BSV blockchain.

sure, now. im talking years out (if it doesnt die off in the meantime)

AFAIC, as long as there are no exclusionary barriers for new entrants to participate, then non-mining validation is exactly as decentralized as it need be. More such 'decentralization' is a red herring that serves no useful purpose. I realize this is a controversial perspective, but it is the one I hold.

just the money constraint. perhaps youre so loaded that 100+ grand for a datacenter and update cycle that will be needed eventually is a barely noticeable expense for the convenience and security. so say 50 grand for a casual setup that maybe that would last a couple years? so whats the upper limit for "just verifying" my transactions?

The alternative is to dumb down the entire system to 3 to 7 transactions per second. The notion of such a system working as world money is so ludicrous that it beggars the imagination that anyone would so think.

i agree here. work is needed. it is being done. i may not agree with some of it but stuff is happening regardless.

[BobLawblaw]

Observing longs dumping.

[Toxic2040]

the closing bell report

Friday at last and legacy markets are closed, bitcoin keeps chugging along however.

Bitcoin traded between $9,474.35 and $9,650.55 today on fairly significant volatility. Closing at $9,547.91 traders seemed content with minor profit taking and consolidation. This trend will probably continue over the weekend on declining volume.

Next week looks to bring increasing activity as we enter the final week of July. Closing above $9,533.42 this Sunday on the weekly candle would be significant as that puts the price above short term resistance at the tenkan sen.


4h


D


w/doubled cloud settings
D



Its pretty simple really imho..treat others as you want to be treated. Everyone should reflect on that simple fact from time to time.

Have a good weekend everyone.

peace
tc   

[jbreher]

Accordingly, thank god for the big block chains.

Sorry to break it to you but however unfortunately you're the only one around here who sees Roger Ver or Craig Wright as "god".  

Well, that's even stupider than most of the shit you sling. I have never ascribed god-ness to Ver nor Wright.

Pretty fuckin' cheap-ass way to try to score a popularity point, nutildah.