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2041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2020, 05:41:01 PM
I have always dreamed of being in a gang. For too long my chicken legs, concave chest, fevered panting and micropenis have been the subject of persecution. Now the boot is on the other foot and it's time to round on someone else.

Kill, lash out, stomp, maim, disfigure.

GET HIM.

I'll be hiding round the corner if you need me.

Well...you could always sign up to work for these guys, I hear they pay well and are swamped with work right now:

https://www.demandprotest.com
2042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 10:50:29 PM
And when the cops start 'enforcing' illegitimate 'orders'? What happens then?

Then you fight back, of course.

Tell you what though, let's just get rid of the Police force all together. Too much of a hassle to deal with.

Let's start with Los Angeles, CA. Let's pull out all the cops, and completely disarm the citizens. Sound good?

With no more cops and no more guns, I'm told that it'll become an amazing utopia of peace and tranquility. That the criminals, gangs, & drug dealers will go outside, join hands with law-abiding citizens, and sing Kumbaya together. It'll be amazing, you'll see!

(Or, y'know, it'll become a fucking Mad Max apocalyptic hell hole within 48 hours)
2043  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 06:11:33 PM
The last available cash must be for weapons and ammunition.
(It is not a joke.)

But at 0.20-0.25 cents a round, bro?

As Boblawlaw would say, sheeiit. They got us there.
2044  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 05:53:23 PM

I'm not even thinking about ecological disaster or weather wars at this point. But we still have 6 months left in the year to go. Wonder which one will be next...

Well, lots of months left to go until the U.S. presidential election.

My bets are on at least one or more of the following happening:

1) Jewish person(s) targeted again, because hate crime.

2) Another school shooting.

3) The yearly hurricane destruction of the southeastern U.S.

4) Worldwide coordinated cyber attack.

5) Major oil tanker spill off the coast of a major coastal city and/or ecological wildlife preserve, many billions of $$$ damage. Possibly because of a hurricane. Cue Greta Thunberg again.

6) Dogs and Cats living together. Mass hysteria.
2045  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 04:13:48 PM
Like I said, when the people choose senseless looting and rioting over meaningful peaceful protest, this is what happens.

Blacks did meaningful, peaceful protests. Sports people would kneel during a crappy song and white people went berserk. That's about the least violent, least noisy, least impactful thing you could do and it got rebukes from the President on down.

The truth is they don't want black people to protest at all, just shut the fuck up, take it, and do their jobs.

That's reality. This is where it leads.

https://twitter.com/AndrewSolender/status/1266924387795709954

Well, on one side of this line are hero protesters doing it right. I support these people 1000%.

And on the other side, are people who have lost their fucking minds, and clearly could give a fk all about the death of George Floyd.

Are we really going to sit here and justify the actions of the looters? Who do they think will pay for all of that destruction? The wealthy elites, or the poor tax payers?
2046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 03:31:31 PM

This is what senseless rioting and looting will get you...mobilized military at your doorstep and on your street corner. They have the authority to command the public to comply with orders that normal cops don't. That's why you don't want martial law.

And to be fair, that idiot woman was told 3 times to get in her house and she didn't listen, just sat there filming. She's lucky it was just a paintball and not a rubber bullet.

her house Torque, that's the point

they come tell me I can't even be in my yard, on my fucking porch, we are going to have bigger problems

True jojo, I agree. But when the rioting mob shows up in your neighborhood to burn your house down, is that also going to be a bigger problem?

I'm not advocating for statist military, but there are two sides to this situation.

Like I said, when the people choose senseless looting and rioting over meaningful peaceful protest, this is what happens.
2047  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 02:47:40 PM

This is what senseless rioting and looting will get you...mobilized military at your doorstep and on your street corner. They have the authority to command the public to comply with orders that normal cops don't. That's why you don't want martial law.

And to be fair, that idiot woman was told 3 times to get in her house and she didn't listen, just sat there filming. She's lucky it was just a paintball and not a rubber bullet.
2048  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 01:17:55 PM
People almost started to seem like they were getting it, there was even agreement between libertarian left/right, but in a strange, purely coincidental turn of events, the media started pushing black vs white, middle class vs poor, business owner vs worker stories that left people more divided than ever.....

That has got to be sarcasm, right? Lol  Cheesy
2049  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2020, 12:01:41 PM
No white people in America usually only riot for good reasons. Like their football team losing.

Notice that nobody in America (white, black, or any other race) can be bothered to get out of bed to protest or riot over the Banking Cartel just printing up trillions $$$ USD and STOLE it from the American people, which will create even more poverty, inequality, and injustice moving forward.

And they're going to do it again, and again, and again, every 7-10 years, like clockwork. They'll just whip up some disaster on the people as a cover and diversion for their theft.

Yeah, let's loot and burn down the local small businesses but leave the govt buildings and banks untouched. /s  Roll Eyes

RIP Occupy Wall Street. Sad that Americans have their priorities all fkd up.  Cry
2050  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2020, 05:54:01 PM
Regarding FOMO and bag holders:

https://twitter.com/realjameswoods/status/1266632344732962816
Quote
Looting Louis Vuitton store in Portland. Nothing screams justice like designer handbags.

There Will Be A Lot More Rioting, Looting, And Civil Unrest As The US Economy Continues To Crumble Election Gets Closer and Closer
2051  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2020, 01:44:38 PM
[...] $9800 resistance should be too strong as the bulls are missing the firepower  Smiley


Bulls have unlimited dollars while bears have limited bitcoins. Few understand this, but those who do are sitting comfortably.

True, but don't forget about fractional reserve: do you believe every exchange plays by the rules by maintaining a full reserve? This is not the case and in fact by looking at the amount of BTC that are leaving exchanges this is becoming a big thing.
But as you said, one day people will realize that their infinite dollars will not be able to buy limited bitcoins. Wink


I agree that the exchanges are cheating, fractional reserves, front running, probably even allowing naked shorting to large whale members (or the house). But with even more fraction reserves they will attract the wrong type of attention, and true deep pocket whales with unlimited fiat will show up to rekt their tarders in a coordinated effort. The Bart moves and mega short squeezes will only get more intense.
2052  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2020, 01:55:01 AM
I think all the bear trolling and attempts at scamming around Bitcoin is super weird. Go to any Precious Metals web forum and you never see bugs talking about TA charts, elliott waves, when to buy, when to sell, trying to call bottoms/tops, blah blah blah.

Interesting observation.

Gold bugs are more at the preserving wealth stage. Coiners largely at the earlier hustling-to-get-wealth stage.

The majority of the bugs I've seen on PM forums are self-admitted millennial age range, which blows a large hole in your statement.

Unless you mean crypto tarders... who are in the hustling-to-go-broke stage.

2053  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2020, 02:52:28 PM
With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

I think all the bear trolling and attempts at scamming around Bitcoin is super weird. Go to any Precious Metals web forum and you never see bugs talking about TA charts, elliott waves, when to buy, when to sell, trying to call bottoms/tops, blah blah blah. Just "buy PMs when you like, and buy as close to spot as possible". They are just happy to be able to buy and hold, never to sell unless they have to. No talk about trying to get super rich with PMs, they just plan to hold for years/decades. And instead of panicking when the PMs price dips crazy, they instead talk about "backing up the truck".

More people coming into Bitcoin need to think this way.

2054  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 26, 2020, 01:54:45 PM
"oscillating difficulty adjustment" my Aunt Fanny. These leeches from bcash lol and soi disant bsv piggy-back on our security system - the mining network that was so carefully designed by satoshi.

As we mentioned, to run a sane business, you need to plan it out in some denomination of yearly (4 is good) cycles of investment and then profit.

These alts have second rate devs and third rate shills with no understanding of the great gift that satoshi sweated to produce; not the economics, not the game theory, not the incentive model.

The best devs gravitate to bitcoin, and do not muck about with such things, because it works just fine. Their prolific offerings of tweaks and layer 2 solutions are extremely carefully considered, and well worth the experiment. But they are optional and everyone concedes still in the reckless phase. You can indeed be a sovereign with an older version, but not with any of these ill-thought-out centrally-controlled muddles called bsv and bch.

The best supporters it hardly needs to be said can be found here and hereabouts, and it is an honour to observe with you.

To summarize:

Shitcoin devs / fork devs: Butt hurt that Satoshi basically got it right the first time, BitcoinTM works as intended and doesn't need any redesign to be the only digital money that the world needs.

Also shitcoin devs / fork devs: Can't get rich off their shitcoin work because no one cares.

2055  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2020, 09:10:02 PM
Good interview, a bit more substantive than the usual cointelegraph fare...
https://cointelegraph.com/news/defi-exec-believes-crypto-community-mostly-short-term-thinkers
Quote
The main thing that I think most people miss when they come to crypto is when they know they’ve worked in something on Wall Street or something on Main Street and they say, “Oh, my gosh. If I just take this and transport it to the blockchain, it's going to be the next big thing. All I have to do is take the best idea of how Wall Street steals money from people and deliver it on the blockchain, and I'm gonna be a billionaire.”

Thanks for posting this article, but after reading it I feel like Alex Mashinsky either still doesn't get it, or is like preaching to the choir. He also doesn't offer up any solutions of his own, only listing the current state issues.

He talks a lot of shit about the community not "being proactive enough" in gaining mainstream adoption but I mean, where the hell has he been for the last 10 years? What does he personally plan to do about it today?

Quote
For Mashinsky, the end goal of the crypto community should be “to create a new economic system.”

Uh, gee, thanks Captain Obvious? No shit, like that hasn't been the goal all along.  Roll Eyes
2056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2020, 08:58:32 PM
Can't believe the hat crocs fad is still going on.

Me either dude, me either.
2057  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2020, 09:27:02 PM
PSA - Hang around here long enough, and you see the patterns...



...and they're all over Twitter and YouTube as well.

Their ultimate goal is to win you over with their personality or tech knowledge, then eventually get you to follow them down the dark path of selling all your BTC near the bottom (with some crazy bearish BTC prediction), or dumping all your BTC for some fly-by-night shitcoin scam that they suddenly start promoting out of no where.

They likely get kickbacks from someone to do this. Don't fall for it. Completely ignore these so-called "crypto experts" aka snake oil salesmen.
2058  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2020, 05:47:10 PM
The more early coins get spent the better for Bitcoin in the long run.

Old coins hanging over everyone's head makes them more significant the higher the price goes.

When an old wallet is the GDP of a country...it affects many lives if someone finally decides to start spending their stash.

To play devil's advocate though, so you're saying that old coins are like a "sword of damocles" hanging over the heads of every person that buys BTC now and into the future?

I call BS on that.

Because wait until every 401K owner finds out that for every one of their favor stock-du-jour, some VC investor out there owns hundreds of millions of shares they got for fractions of a penny per share...that they can dump into the market at any time now or in the future.
2059  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2020, 03:36:32 PM
One thing I do not see being discussed much is the level of opsec risk this entails.  Adam Back get's it:



Even for some random dude from the mailing list back then... chances are they would not move coins this old without a purpose.

Everyone talking about them wanting to spend the money on something is ignoring a fairly large issue.  People who were mining back then, most likely mined at least dozens of blocks.  We are talking about multimillionaires at today's prices.  I think it would be very rare that this is some random 'Joe' who just mined a single block back in 2009, and just now decided to buy a nice car.  It is more likely that the people who mined just one block have lost those keys years ago.

No, the chances are better that this person has lots of bitcoin, and very likely quite a few much younger than these.  If they wanted to spend 100k on some random thing they would be more likely to take the newer coins.  If I were in their shoes I would avoid moving my oldest bitcoin until the price discovery era is over and doing so would be less of a shock.  Also this person would likely also realize that they are opening up a lot of angles for the data miners, and "bitcoin archaeologists".  And it comes at a potential cost to their own privacy.

This person would have done this for a specific reason most likely.  And I think the likelihood that it has more to do with the CSW claims than anything else is very likely.  As it turns out faketoshi did list this address in their court documents as one he controls.  And the pedophile claims he called CSW to ask if he moved this and faketoshi said no. Wink  

Such a tangled web.  So much fun to watch the weaving.

Lol at all the bitcoiners losing their shit over this non-issue:

2060  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2020, 03:09:45 PM
Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.


Pretty simple really, the constant smack downs are to prevent price from breaching $10,100.

Because interesting shit starts to happen when it does.
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