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

[Icygreen]

BTFD mode aKtiv8ed!

Yeah, I'm smelling a pretty weak attempt at a dump so far. I guess we'll see.

Incidentally The Club did their usual drive by on Gold and Silver today. Managed to get Gold sub 1300, but by the looks of it I don't think it will last long.

There seems to be a longer game at play here. Somethings brewing within the next 6-10 months.

Always brewin' somethin they are but plans have to change when we stand against their moves in increasing numbers.  

[1714496422]

1714496422

[1714496422]

1714496422

[1714496422]

1714496422

[Torque]

So BTC distribution problem might not be as bad as it seems.  For what it's worth.

also

1. At least the top 1% holders were brave early adopters that took great risk and therefore should be rewarded

2. At least the top 1% holders can't just whip up more btc like the Fed and indirectly hand it to themselves

3. The masses will always find themselves at the bottom of wealth distribution because they can't invest and hodl (long term vision vs. short term). The masses are focused on borrow and spend mentality.

4. Bitcoin shares and distributes the wealth WAAAAYYY more than something like a company IPO

[notme]

The push by govt organizations for more immigrants literally everywhere in the world is pretty simple.

Existing citizens are working less (and paying less taxes), and thus having less babies. And that long term trajectory doesn't sit well with the welfare states of the world that are getting deeper and deeper into debt.

Simply put, they desperately need more tax payers coming into the system to not only replace the ones dying off, but to breed new ones. Thus opening up the borders.

Remember, the welfare state is one giant Ponzi scam, that requires ever more scam suckers coming in. When that stops, the whole thing collapses.

The problem of course being that the immigrants turned out to be a net drain on the economy[citation needed], not even counting all the social problems and increases in violent crime and rape. But they always double down on bad ideas.

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

[Torque]

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

A study from the Kellogg School? Heh, they could be just a little biased  

"Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand. In addition to the Kellogg School campuses in Evanston, Chicago, and Miami, the Kellogg School partners with institutions in Asia, Europe, South America, Australia, the Middle East and Canada.

Kellogg students have the opportunity to study abroad in fall or winter of their second year on six continents. The exchange partner schools offer the opportunity to learn about business from a different perspective, experience another culture, and network with students, faculty, and professionals from around the world. The International Exchange Program at the Kellogg School was started in 1980 with a vision to promote a cultural interchange of ideas and provide a greater understanding of cross-cultural trade and business practices. Since that time, more than 1,000 Kellogg School students have participated in the Exchange Program with schools from over 20 countries, including Argentina, Australia, Brazil, Chile, China, Costa Rica, Denmark, France, Germany, Japan, Hong Kong, India, Israel, Italy, Mexico, Scotland, Singapore, South Africa, South Korea, Spain, Switzerland, The Netherlands, Thailand, and U.K."

[Elwar]

So BTC distribution problem might not be as bad as it seems.  For what it's worth.

also

1. At least the top 1% holders were brave early adopters that took great risk and therefore should be rewarded

2. At least the top 1% holders can't just whip up more btc like the Fed and indirectly hand it to themselves

3. The masses will always find themselves at the bottom of wealth distribution because they can't invest and hodl (long term vision vs. short term). The masses are focused on borrow and spend mentality.

4. Bitcoin shares and distributes the wealth WAAAAYYY more than something like a company IPO

People going from average amount of money to a millionaire are more likely to sell off a good chunk of their bitcoins when they become millionaires. No dude making $50k holding 10,000 bitcoins is going to just keep holding those bitcoins when the price hits $100. He'll sell a large amount. Even though today he would be a lot richer. He may keep some, but I think there will be a lot of wealthy early adopters but not so much a dozen or so super-wealthy early adopters like in the oil industry or computer industry.

[notme]

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

A study from the Kellogg School? Heh, they could be just a little biased  

"Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand. In addition to the Kellogg School campuses in Evanston, Chicago, and Miami, the Kellogg School partners with institutions in Asia, Europe, South America, Australia, the Middle East and Canada.

Kellogg students have the opportunity to study abroad in fall or winter of their second year on six continents. The exchange partner schools offer the opportunity to learn about business from a different perspective, experience another culture, and network with students, faculty, and professionals from around the world. The International Exchange Program at the Kellogg School was started in 1980 with a vision to promote a cultural interchange of ideas and provide a greater understanding of cross-cultural trade and business practices. Since that time, more than 1,000 Kellogg School students have participated in the Exchange Program with schools from over 20 countries, including Argentina, Australia, Brazil, Chile, China, Costa Rica, Denmark, France, Germany, Japan, Hong Kong, India, Israel, Italy, Mexico, Scotland, Singapore, South Africa, South Korea, Spain, Switzerland, The Netherlands, Thailand, and U.K."

So I can't trust any college that has an exchange student program?  

Still waiting for a citation for Ibian's claim that

immigrants turned out to be a net drain on the economy

[Arriemoller]

Who the hell is Milo?

A gay jew on the right who likes to trigger people.

Google Milo Yiannopoulos and you shall find.

[Arriemoller]

What do you mean "Recognition is subjective"? Do you mean that where a westerner see a square someone else sees a circle?

No, but where a westerner sees green, someone might see some kind of blue.

Where a westerner sees "straight, left, right, straight", someone might see different paths depending on the physical orientation of the page when it gets presented to them. All reference axes are relative to an absolute point on their island (a mountain), so they don't have relative words like "left" or "right" ("up" and "down" they do).

Imagine a westerner dealing with IQ tests prepared by someone in one such population.

There is much more cultural background to perception than we are aware of.

I agree on that.
But none of that applies to the pattern recognition used in IQ tests.

[Last of the V8s]

Buried deep in here https://www.sec.gov/news/public-statement/statement-clayton-2017-09-20
we woz hacked / we enabled insider trading / we haz beliefs

[Last of the V8s]

wait satoshi wants us to pull down our pants
https://youtu.be/SMgzzF6XmEc
Simon Dixon was at the 'Shape the Future' Conference in Hong Kong where Craig Wright shares his thoughts on Bitcoin Cash. Simon Dixon pushes for a direct answer on nChain and whether Craig will be working on Bitcoin or Bitcoin Cash as well as some questions related to Blockstream and bChain investors.

[Arriemoller]

The push by govt organizations for more immigrants literally everywhere in the world is pretty simple.

Existing citizens are working less (and paying less taxes), and thus having less babies. And that long term trajectory doesn't sit well with the welfare states of the world that are getting deeper and deeper into debt.

Simply put, they desperately need more tax payers coming into the system to not only replace the ones dying off, but to breed new ones. Thus opening up the borders.

Remember, the welfare state is one giant Ponzi scam, that requires ever more scam suckers coming in. When that stops, the whole thing collapses.

The problem of course being that the immigrants turned out to be a net drain on the economy[citation needed], not even counting all the social problems and increases in violent crime and rape. But they always double down on bad ideas.

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

In Sweden there was i tipping point in the 80's. Before that, immigration was a net plus, after, a net minus. The reason being that the immigrants after the 80's are mostly uneducated and can't find suitable jobs.

[bitcoinPsycho]

The push by govt organizations for more immigrants literally everywhere in the world is pretty simple.

Existing citizens are working less (and paying less taxes), and thus having less babies. And that long term trajectory doesn't sit well with the welfare states of the world that are getting deeper and deeper into debt.

Simply put, they desperately need more tax payers coming into the system to not only replace the ones dying off, but to breed new ones. Thus opening up the borders.

Remember, the welfare state is one giant Ponzi scam, that requires ever more scam suckers coming in. When that stops, the whole thing collapses.

The problem of course being that the immigrants turned out to be a net drain on the economy[citation needed], not even counting all the social problems and increases in violent crime and rape. But they always double down on bad ideas.

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

In Sweden there was i tipping point in the 80's. Before that, immigration was a net plus, after, a net minus. The reason being that the immigrants after the 80's are mostly uneducated and can't find suitable jobs.

what the fuck .how does that relate to the fucking Bitcoin price movement

[soullyG]

wait satoshi wants us to pull down our pants
https://youtu.be/SMgzzF6XmEc
Simon Dixon was at the 'Shape the Future' Conference in Hong Kong where Craig Wright shares his thoughts on Bitcoin Cash. Simon Dixon pushes for a direct answer on nChain and whether Craig will be working on Bitcoin or Bitcoin Cash as well as some questions related to Blockstream and bChain investors.

I really don't see how anyone can seriously take this guy to be Satoshi

[Meuh6879]

Last video game I played was Ms Pacman.  (Although it was only a few weeks ago.)

me too, with my bitcoins, i have bid a complet retropie collection system.
i always love R-Type & Yoshi Island.

https://www.youtube.com/watch?v=o-9moKpfjfY&list=PL_ik_t59tpUxdncwMtsFNjIxfiMipQLla

[Meuh6879]

RogVer FUD his split of SegWit2X : http://www.zerohedge.com/news/2017-09-20/bitcoin-jesus-says-another-network-split-coming-november

“There’s probably going to be another split between bitcoin legacy and SegWit2X version of bitcoin but that just gives me more coins that I can sell for the Bitcoin Cash version,” Ver said in an interview on Bloomberg Television at a conference organized by Bitkan in Hong Kong.

[Wekkel]

Nope, no '2013 bubble' yet.

[moneymaker11]

Personally I'm a little surprised that the price isn't lower than it is in China. The amount of buyers should be a lot lower now than a month ago and being that the miners are dumping 50 mill worth of bitcoins every week, I don't understand how the price is sustained 

[Meuh6879]

because not all bitcoins are available to a sell.

[Torque]

because not all bitcoins are available to a sell.

For all we know, most of those coins could be going directly from miners to OTC investors.

Or just being held by miners.

Or being bought and held by exchange owners because they are running fractional reserves and need to shore up with their customers before they shut down.

Who knows? 

[BlindMayorBitcorn]

wait satoshi wants us to pull down our pants
https://youtu.be/SMgzzF6XmEc
Simon Dixon was at the 'Shape the Future' Conference in Hong Kong where Craig Wright shares his thoughts on Bitcoin Cash. Simon Dixon pushes for a direct answer on nChain and whether Craig will be working on Bitcoin or Bitcoin Cash as well as some questions related to Blockstream and bChain investors.

I really don't see how anyone can seriously take this guy to be Satoshi

He's a steaming pile of ass.
https://www.youtube.com/watch?v=FIvqn87iAz8