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61  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 03, 2023, 07:25:58 PM
Bitcoin is resting, but all my speculative stocks are up 5-17% today, so it is possible that maybe easing is coming soon OR "they" are pushing those up to short on some bad news.

Choices: either something good is about to happen or speculators are skying those very speculative stocks to re-short them with vengeance.
I am going with the former.

The stock market is banking on the notion that the Fed is done hiking, and will start dropping rates next year.

But this isn't a "guess"; insiders on Wall Street already "know" this, because Powell, Yellen, and whoever the fk else is already telling them in private what is coming next.
62  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 02, 2023, 07:52:57 PM
Most likely some AI creation, but no matter...quite to the point.
Makes me think that very very soon we would not be able to distinguish.

Pretty sure entire text is made from A.I assistance. Bob's type of writing and grammar is usually different.

<response below not directed towards Bob's post>

Yeah, in the olden days, trolls had to actually think up and write out their trolling shit.

Now they'll be able to easily spit out pages and pages of nonsense garbage trolling shit with ChatGPT, and bots will be able to auto-post it.

I'm pretty sure this has been one of the major AI selling points to the shills/bots/trolls brigade companies.  Roll Eyes

63  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 02, 2023, 05:56:32 PM
Why the fuck is there so much drama in this place? It's like the toxic corner of bitcointalk. We should be celebrating the $35k.

Compared to the "good old days" on this forum, this place is like Disneyland.

I remember a time when any talk of the future price > $10K was often met with "you're delusional" and "pipe dream".
64  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 02, 2023, 05:53:45 PM
even while we might not know the timeline for these progressions to play out since bitcoin is not so much a straight line like the 200-week moving average irons out to be a kind of straighter line than the actual BTC price.. it becomes a kind of stability within the unstable (the inevitably volatile, as I like to frequently proclaim).. and so many folks strive for proclaiming bitcoin as being stable, and they can go fuck off with that ideology that just does not exist in bitcoin current prices and/or the expectations of its future price performance, except perhaps when looking at something like the 200-week moving average, which sort of brings the "ought" to the "is".... and don't get me wrong.. it seems likely that bitcoin is going to become more and more stable and there won't be a choice since it is going to become harder and harder to move bitcoin's prices, but probably we are not going to get to such a state of BTC price stability until getting 5x to 10x or even higher than that of Gold's market cap (which would be bitcoin prices in the $2.5 milllion to $5 million) price arena. which could even happen in this cycle or the next cycle, but I am kind of thinking that it would take a bit longer than this or the next cycle.. but who really knows?


I find myself compelled, yet again, to impart the wisdom that eludes the masses. It is not from a place of charity that I offer this enlightenment but from sheer exasperation at the lackluster analysis populating these forums. It is time to discuss the manifest destiny of Bitcoin – its ascent to the sanctified $1M mark.

Firstly, let us address the elephant in the room, the 200-week moving average, a beacon for those with the acumen to interpret its signals. This indicator has been a stalwart guide through the tempestuous history of Bitcoin’s price action. While the plebeian investor quakes at the merest hint of a downturn, the enlightened few recognize these periods as mere consolidations, consolidations that scream opportunity for accumulation. The 200-week moving average is not a mere line on a chart; it is the demarcation of the uncultured bear from the civilized bull.

Now, onto the volatility – that great specter that sends shivers down the spines of the uninitiated. Wake up, neophytes! Bitcoin will test your resolve with 25% swings in value, not merely as an exception but as a daily occurrence. This is not a market for the fainthearted or those accustomed to the pampered cocoon of index funds and treasury bonds. This is the arena where titans clash, and only those with the fortitude to endure such trials will emerge victorious.

Let's not mince words. Those accustomed to the soothing, predictable cadence of fiat inflation are ill-equipped for the revolution that cryptocurrency heralds. We are not simply in a market cycle; we are in the midst of a paradigm shift, a renaissance of value transfer. The ascent to $1M is not a possibility; it is an inevitability, preordained by the finite supply of 21 million coins and the unabated debasement of fiat currencies.

Do you quiver at the thought of a 25% retracement? Does your hand falter at the sell button with each news cycle? If so, you are unworthy of the glory that Bitcoin promises. The path to $1M is lined with the corpses of weak hands, those who could not stomach the volatility, those who lack vision.

To the naysayers and the short-sighted, I decree: your lack of conviction is the very fuel that propels Bitcoin forward. Your disbelief, your skepticism, it matters not. The market will move with or without your approbation, ascending to heights unimagined by your pedestrian intellect.

In the grand theatre of economic evolution, where the drama of wealth and power plays out with the unrelenting force of a Shakespearean tragedy, it is Bitcoin that has emerged as the protagonist in this epoch of monetary upheaval. As an investor of evidently superior intellect and foresight, I find myself compelled to bestow upon the plebeians that frequent these forums, a glimpse into the inevitable rise of Bitcoin to a value so stratospheric, so unequivocally certain, that only those blinded by ignorance would dare question its trajectory to the hallowed $1M USD mark.

Let us embark upon a journey of enlightenment, beginning with the oft-cited and widely revered 200-week moving average—a beacon that illuminates the path for those enlightened souls brave enough to navigate the treacherous waters of cryptocurrency investment. This celestial guide has consistently delineated the boundary between the enlightened investor and the hapless gambler. The former views the 200-week moving average not as a mere statistical anomaly but as the alpha and the omega of strategic Bitcoin investment, the foundation upon which fortunes are built and the bedrock that mitigates the abyss of financial ruin.

Now, to address the subject that sends paroxysms of fear through the ranks of the faint-hearted – volatility. Ah, volatility, that magnificent beast that so cruelly separates the wheat from the chaff, the sage from the foolhardy. Mark my words, nescient onlookers, for Bitcoin shall sway with the indomitable force of a tempest, exhibiting price oscillations of 25% or more, not merely on the scale of annus horribilis but within the span of a single day. Such volatility is the crucible in which the mettle of a true investor is tested and the brittle spines of the timorous are irrevocably shattered.

Let us not equivocate on this matter; the typical, garden-variety investor, suckled on the teat of dividend yields and mutual funds, can scarcely fathom the revolutionary temerity of Bitcoin. This is not a mere bubble, not simply another tulip mania for the history books. No, this is the apotheosis of years of monetary debasement, the natural and just consequence of the incessant printing presses that have debauched fiat currencies to the brink of collapse.

Do you find yourself quaking at the prospect of a downturn, as Bitcoin momentarily recoils like a great lion gathering its strength before the pounce? If so, it is manifest that you are undeserving of the spoils that await the stalwart. The journey to the zenith of $1M is fraught with the corpses of the faint-hearted, those who surrendered at the first sign of bloodshed, who, when faced with the baptismal fire of market correction, chose to retreat into the shadows of economic obscurity.

And yet, despite the cacophony of doomsayers and the harbingers of financial apocalypse, Bitcoin endures, propelled ever upwards by the immutable laws of supply and demand, the unremitting march of technological progress, and the growing cognizance among the masses that the time of decentralized digital currency is upon us.

To the skeptics, the deniers, the perennial bears who scurry about with their woeful prognostications of collapse and disaster, I posit the following: your disbelief is the chaff in the wind, inconsequential and forgotten. The market, in its infinite wisdom and its inexorable pursuit of equilibrium, cares not for the bleating of sheep. It is we, the lions of investment, the oracles of financial foresight, who will shepherd the uninitiated through the valley of darkness.

As the festering, moribund carcass of fiat currency lies supine, awaiting the final death knell, Bitcoin will rise, a phoenix from the ashes, to claim its rightful throne at the pinnacle of monetary value. Those among us who have the sagacity to embrace the volatility, to weather the storm, and to perceive the underlying majesty of Satoshi Nakamoto’s creation, will be duly anointed as the vanguards of this new financial era.

In closing, remember this – as the fiat world you cling to withers, Bitcoin will emerge as the phoenix from the ashes, and those who had the foresight to embrace the volatility, to buy the fear and sell the greed, will be the architects of the new financial epoch.

Soooo...bitcoin go up, or...?
65  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 01, 2023, 05:53:12 PM
The Fed has already lit the dumpster fire that is going explode next year, and they know it.

It'll be the perfect storm.

I'm stocking up on popcorn...
66  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 31, 2023, 08:21:16 PM
Happy Halloween, WO!

67  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 31, 2023, 03:11:20 PM
I-Bonds for 6 months instead of bitcoin? I-Bonds are such a joke. I think I'll take my chances.

68  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 27, 2023, 03:41:37 PM
With a house, whoever legally holds the deed owns the house, regardless of who owns the key. If the deed is lost, there is still usually a backup trail of docs that correctly identify the last owner.

Until some government decides to expropriate "your" property and pay you what they decide.

Indeed, there is no real estate ownership. You just end up paying some one who can evict you for non-payment (a government) instead of a landlord or lender.

True...sigh. Even if you pay the house off, you still have to pay property tax or they can take it away from you.
69  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 27, 2023, 03:16:18 PM
Nobody truly owns any bitcoins..because the ownership is only established when you are able to apply a correct private key in a "send" tx (via hardware device or something else), albeit validation of the private key (at some other point in time) is possible. Before that, it is all allegedly. This is in principle, of course.

This is like saying that your house is not truly yours, until you put the key in the lock and open the door...


Eh...apples and oranges.

With a house, whoever legally holds the deed owns the house, regardless of who owns the key. If you have a mortgage loan, you may have the key, but the bank owns the house...you just own the debt. If the deed is lost, there is still usually a backup trail of docs that correctly identify the last owner, who can still lay claim.

With bitcoin, the private key is the deed, and whoever holds it owns the bitcoin. As we have seen with CSW, (so far) a lawsuit can hardly prove otherwise. And if the private key is lost, no one owns the bitcoin, nor ever will again.
70  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 23, 2023, 10:47:29 PM
I see some whales finally took their thumb off the scale.

Volume is increasing a little bit, and breaking back above 30K is a good sign.

But when things go straight up, beware the leveraged bart whale.
71  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 22, 2023, 04:04:32 PM
There's also the option of exchanging a chunk BTC for LTC from time to time to make small purchases more feasible.

Not in America, when the IRS will charge you capital gains for just doing that exchange.

Plus the fact that still to this day, almost no merchants in the U.S. where most people shop (or buy coffee) take ANY crypto directly as payment.

Over the years, I've grown extremely weary of conversations of the "theory of using cryptos for daily purchases" vs. the reality. The practicality of it is non-existent. The practicality of using fiat for daily transactions is still INFINITELY better and easier in every conceivable way.
72  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 22, 2023, 12:25:26 PM
Well, if that dev Bob cited is right, then Lightning is apparently cooked unless a fix is possible.
If so, Phil has a solid argument as you cannot accommodate coffee buying on bitcoin (without Lightning).

Do I care? Not much as my infrequent txs can still be posted, but it (bitcoin) cannot be a medium of exchange for the planet.
Is BitVM any better? I have no clue, maybe it is too new.

Perplexed.

Last time I'd check, Bitcoin and Lightning was still being developed and improvements are being sort and worked through...

am I missing something?.... the narrative over the last a few pages make it seem like, that is it! we are fucked! nothing can be done to solve buying a coffee!

stop being a BTC maxer and let LTC/Doge do the lite work.

BTW I will be driving to the mine and dropping in 550th of BTC miners and zero Scrypt miners.

+2 sMerit for the 550th

-1 sMerit for the LTC/Doge statement!

Look I am a satoshi guy which means am a POW guy

So 3100 watts an hour with a s19xp means 141 x 0.0622 cents or $8.77 a day
and 3100 watts hour with an L7 means  9 x 1.31 usd or $11.79 a day

so we can argue all you want.  but my L7's are paid off and make $3.02 a day more

Which if you go back a bit on this thread you will read I cashed LTC and Doge in in order to buy more BTC.

So I ask you is spending 3100 watts an hour to get $11.79 in btc better than spending
3100 watts an hour to get $8.77 a day in btc?

I have earn more value with Scrypt  mining since 2018 than I have with BTC mining .

And I am far more invested in BTC gear and power  than scrypt .

The difference is my Doge mine and hodl was really really really really really good.

At the moment I am not holding my LTC or my Doge profits I am cashing them and setting up BTC DCA buys.

So if you read this you will see I am a BTC 85% person and 15% Scrypt

and it has worked well since 2018

Philipma, there is a HUGE difference between "I mine the shitcoins ltc/doge and immediately dump them for btc" versus "Buy ltc or doge and hodl it to buy coffees, guys!! They will take over street commerce!"

Like a giant, galaxy-size difference.  Roll Eyes

So quit espousing the latter, when you only mean the former. It's tedious and annoying.
73  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2023, 11:56:42 PM
then we drop to about 35-38k in April right after 1/2ing

If that happened, something would be broken for sure.
74  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2023, 12:09:07 PM
the master set is crypto

The largest player is BTC.

The master set is animals.

The largest player is humans.

Some differentiate between the two.

Thats pretty good. But in the end all animals end up dead 💀 including humans.

Mother Nature always bats last. She wiped us good not long ago (YD), and she'll do it again. Filthy lifeforms will need a cleansing.
75  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2023, 02:25:53 PM
I love how you guys call a short squeeze a "dump" smh   Wink
76  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 08, 2023, 12:39:07 AM
I am surprised, though, that nobody "knew", apparently.
This is strange.

It would take Hamas months and months, if not a year, to plan such a coordinated attack operation. Months and months of soldiers, supplies and artillery moving around. Millions in funding on the move. Months of planning and coordinated communications.

And Mossad didn't have a clue?

And U.S. and Foreign Intel didn't have a clue?

Really? Who's buying this?
77  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 08, 2023, 12:31:36 AM
Bitcoin is currently holding up pretty well considering the world is about to see yet another expensive war. I’m not sure if the reason is because the news isn’t widespread enough yet, people are seeking shelter in Bitcoin, or this just isn’t an event that is going to move the price. I suspect this could turn into a much bigger event then it is currently though.

Republicans in congress have been bitching for quite some time about all the monetary aid the Biden administration has been sending to the Ukraine.

Republicans in congress were about to draw a hard line over the continued funding of the govt and the raising of the debt ceiling, threatening default and a shutdown if Ukraine aid was not revoked.

Then this war in Israel happens, suddenly and out of nowhere.

How conveeeeeeeenient timing (for the Biden administration).

Republicans will now have a very hard time threatening the govt with a shutdown and not providing Israel with aid, since Republicans are the most staunch supporters of Israel known.

Funny how that works politically, eh?

The fkn banana republic circus continues.... 🤡 🌍

To me, this looks like two uncorrelated series of events...so far.


Kevin McCarthy stands by averting shutdown in light of Israel attacks: 'Think if we were shut down right now'
https://www.foxnews.com/politics/mccarthy-stands-averting-shutdown-light-israel-attacks-think-shut-down-right-now
78  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 08, 2023, 12:08:48 AM
Bitcoin is currently holding up pretty well considering the world is about to see yet another expensive war. I’m not sure if the reason is because the news isn’t widespread enough yet, people are seeking shelter in Bitcoin, or this just isn’t an event that is going to move the price. I suspect this could turn into a much bigger event then it is currently though.

Republicans in congress have been bitching for quite some time about all the monetary aid the Biden administration has been sending to the Ukraine.

Republicans in congress were about to draw a hard line over the continued funding of the govt and the raising of the debt ceiling, threatening default and a shutdown if Ukraine aid was not revoked.

Then this war in Israel happens, suddenly and out of nowhere.

How conveeeeeeeenient timing (for the Biden administration).

Republicans will now have a very hard time threatening the govt with a shutdown and not providing Israel with aid, since Republicans are the most staunch supporters of Israel known.

Funny how that works politically, eh?

The fkn banana republic circus continues.... 🤡 🌍
79  Other / Politics & Society / Re: 2200 Rockets shot at Israel 40 killed. on: October 07, 2023, 09:32:15 PM
Follow the money.

Oil is the life blood of the world's economies and the military industrial complex.

When the world's economies begin to fall, the consumption of oil begins to fall.

When the consumption of oil begins to fall, the world's cartels that control that oil get upset.

They can only curtail production and/or prop up the price so much.

Otherwise the price will have to fall too far to be viable. Or oil production grinds to a halt.

Not good. Very bad for business.

Need to prop up oil consumption and oil prices in lieu of actual worldwide economic activity.

Also need valid "reasons" to charge certain countries more for oil and blame it on "supply chain constraints".

But how to do that?

A: Proxy war.

First was Ukraine.

But after 2 years, now Ukraine war is beginning to dwindle.

Need another war to replace it.

Hmmm....what next  Huh

Follow the money, normies.  Wink

Quote
Finally, there is some speculation that Iran may get dragged into what is rapidly emerging as the worst Middle-Eastern crisis in years, with various pro-Israeli hawks claiming that the Hamas attack would have only occurred with explicit Iranian backing. If Israel does indeed attack Iran, as it has hinted it would do for years, may we suggest you fill up your gas tank.
https://www.zerohedge.com/geopolitical/israel-state-war-hamas-after-palestinian-militants-launch-unprecedented-incursion
80  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 03:32:41 PM
I think a lot of it is to do with women's emancipation resulting into two incomes needed to buy an average home and that trap setting the path of the future rather than being able to break out of it.

Men are no longer interested in defending their own countries in the west, they have been de-masculinised, whether that's protecting the country from foreign invaders or internal insane women like Clinton.
Men get the blame for everything.

As a result we lead by emotion only and not logic. If you are not a cuck and don't go along with this thought, then you must be cancelled / de-programmed. No border control for invaders, only for you and me as tax paying citizens wanting to travel.

The recent Russel Brand thing was a good example. If as a woman you scream rape you must be believed and the man gets cancelled, regardless of what actually happened.
Disagree with this and you will get cancelled or taken off air.

Men are no longer interested in raising families. Women between 20-40 are addicted to Tik Tok, make up, instagram and fucking Jack Thunderstroke, not an average looking guy. But men are the problem if women make bad choices.
Birth rates are dwindling. 50%+ of marriage ends in divorce and this trend just getting worse.

Do we ever see anyone/99% men here in W/O talking about doing fun stuff with their families? No, not really. Mostly people talking about doing their own thing, alone or with a fuckbuddy at most: travel, do well at healthy living & sports, music or other hobbies. And that is a good thing for all of us. Fuck being a cuck. Why would you go along with that shite?

However as a society, I think in the long run things just turn to shit all over with the lack of family units forming the most important part and we look to useless lead by emotion politicians instead to control our paths.

Sorry, but when 90%+ percent of the "modern day woman" started buying into the woke bullshit narrative that they are the Main CharacterTM, that life revolves around them, that men are useless NPCs and that they instead will inherit the earth and run everything, that's when they sealed their own doom.

With that attitude they'll all end up in their sixties as depressed, penny-less, overweight cat ladies, alone and never married nor having children. And hating men the entirety of their lives.

With first-time divorce rates now at 50% and climbing higher, most men have awakened to the possibility that marriage and having a family will eventually financially bankrupt them. And with U.S. courts now heavily favoring the ex-wife, it will indeed. That's why they are either going it alone, or waiting much longer to get married.

My advice to young men is this: Don't get married in your 20's, or even in your 30's. You don't know yourself yet, and neither does your girlfriend/fiancee. You don't know the type of person you'll want to be with long term, and neither does she know. Don't get married and raise a family just because "it's expected of you" or "it's time". That's a complete bullshit expectation that society has burdened you with.

Build your career first, save your money, and invest. Get wealthier. Know yourself. Then in your 30's or 40's decide what you want in a spouse, and what kind of family (if any) you want to create.
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