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1121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 09, 2021, 01:59:09 PM

'Honestly, I don't understand this new technology well enough to have any Earthly idea whether or how we should regulate it.


This is the default with everything now anyway. K-street writes the legislation and the politicians don't even have the integrity (or often even time) to read it and the voting is all manipulated and horse-traded anyway.
1122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 09, 2021, 01:55:32 PM
Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

Just remember this gif exists for a reason

1123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 09, 2021, 04:02:58 AM
So do you guys think bitcoin will fully collapse within a year, or it'll be 5+ years for this death to play out completely?
It's already dead. Died 10 years ago in the good old days. In the process of drawing its final breath.

It was secretly replaced in one night in 2011 with a coin that uses exactly the same code, algorithms and blockchain.
1124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 08:28:30 PM
Have we finally seen the end of 3XXXX? Please say it's so.
1125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 08:26:36 PM
I know what it means, It was a diversionary tactic tptb always pull.

Its their favorite move to keep people at each others throats and afraid so as not to have their attention pointed that them.

Well, while we may differ on the details, we can probably agree that nearly everything about this situation is fuckery from the government. But really, I think the message I'm trying to get over is: "My butt's been wiped".
1126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 08:11:07 PM

Just curious:  How many people use linear charts for BTC?  I prefer log

Linear looks great when you zoom out to the full chart Smiley
1127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 07:38:19 PM
It doesn't happen till it happens its perceived to be happening but anyone who's not getting their ducks in a row is going to be like the people who was complaining there was no TP available because all the people Sheeple who saw were gaslighted into thinking there was going to be a run on TP went ahead and stocked up thereby creating a self fulfilling prophesy.

You know what the people who helped fulfill the self-fulfilling prophesy weren't doing? Crying about not having TP.

And do you know what gaslighting means? Not that.

There was actually ample time to stock up. I waited a couple of days after the news started talking about things and was worried I was going to be too late but while the stores were busy, they were not stampeded and there were plenty of goods on the shelf. I picked up one of those big packs from Costco which was more than enough to get my family through the rush. It was a few days later when the predictable calls to lockdown came and everyone entered panic mode while I sat on my couch metaphorically eating popcorn.

Human beings are the only animal we know capable of complex forward planning. Am I supposed to feel bad about doing so?
1128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 04:12:57 PM
Lumber is reverse spiking down and is currently lower than in 2018 (down more than 66% from the peak), lower YTD and on 1 year chart, down 7.4% today alone.
https://www.nasdaq.com/market-activity/commodities/lbs

Unless they spike the bowl again, it is going to be deflation, imho.

OK, I'll give you lumber. I didn't see it had fallen like that. But it seems there were backlogs and probably lots of jobs got cancelled. Good for me though, I have a shed I want to build. We'll have to see with the other stuff but IMO, the effects of government spending are going to dominate.
1129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 03:43:24 PM
BTW, look at gold and silver today. Does this look inflationary?

That short term isn't very interesting.

I did look at the price of beef today. $1-2 per pound up from when I last looked a few weeks ago. Lumber still up. 3,500,000,000,000 dollar bill floating around, millions of unemployed crossing the border and a number of countries who've already made noises about deposing the petrodollar.

It doesn't happen till it happens but anyone who's not getting their ducks in a row is going to be like the people who was complaining there was no TP available because all the people who saw there was going to be a run on TP went ahead and stocked up.
1130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 03:24:57 PM
I mean, we knew they were not going to go down without a fight. The petrodollar is on borrowed time and we're at the foothills of hyper-inflation. Prepare for things to get messy.
1131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 02:29:24 AM

Lets be honest, low budget cardboard cut out monsters on a primitive set were good back in the day, no denying,
but gotta move with the times, and not  be stuck in a timelord time warp, yeah?
Some of the new updated stuff is really good, imo.


Some changes better than others. I think moving away from the multi-episode stories was a mistake
1132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2021, 12:56:47 AM

sorry for OT but im an olde skoole dr who fan since the beginnings, William Hartnell forever.. current show is actually offensive to some old timers like meself. sigh..

yeah.. thunderbirds, original '60s dr who.. im dating myself lol.


Tom Baker was my guy. The new stuff was passable but no longer...
1133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2021, 10:21:41 PM
Just another blast from the past Wink


And if I had invested in bitcoin when I first learned of it (mostly through Rick Falkvinge's rave), I would be very sorry and angry now.

1134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2021, 10:13:01 PM
So are we really running into Chinese aversion to the number 4?
1135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2021, 04:23:02 PM
I'm happy with it. The longer we hang out in a price range, the more it becomes the "new normal" (i.e. a launchpad).
1136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2021, 11:47:20 PM

Sometimes there could be a BIG ass spike down that many people believe that the draconian legislation in the USA  is actually going to keep bad boy bitcoin down..

It's also not necessarily what people think the legislation will do to bitcoin but what people think that other people think the legislation is going to do to the price. These second-order effects are a big part of why I hold and not trade. Long-term, you can have some idea of the value of the technology, short-term your trying to guess the psychology of a bunch of loons.
1137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2021, 07:00:27 PM
They had almost a solid year to purchase btc sub 10k. And most of them didn't do it.

I've come to the conclusion that when people talk to me about crypto, they are looking for validation, not illumination.
1138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2021, 06:56:16 PM
El Salvador may become overwhelmed by refugees from the US.

Population 6.5 million. So it would take quite a lot to affect politics there. Perhaps somewhere smaller might be better.
1139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2021, 03:54:39 AM
Hey whoever's driving this thing, you've moved the lever in the wrong direction. Get it sorted!
1140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2021, 03:51:15 AM
On the other hand, I do agree with his overall view about bitcoin being a long term play.. and also his overall perception that bitcoin is going to go up forever, Laura.. but there might be some decently long periods of downity between some of the periods of UPpity.

Yes. Though I lean more towards an s-curve. I just think anyone that gives any weight to twitter is making a mistake.
Logistic growth takes an s-shape only on linear charts.


Yes
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