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

[marcus_of_augustus]

Here's some thuggish state violence you might enjoy.
https://twitter.com/TheLocalSpain/status/914447014162771970?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fwww.slate.com%2Fblogs%2Fthe_slatest%2F2017%2F10%2F01%2Fhundreds_injured_as_spanish_police_beat_up_referendum_voters_in_catalonia.html

State-sponsored violence against the people:
First in a country far from you. Then in a country near you. Finally in your country.

Oh, it has been in your country for quite som while now, remember the civil war? (no, not personally).
The Spanish police throwing a few people down the stairs when a state tries to secede is pretty calm compared to throwing the country into a civil war when a state wants to secede.

^^ This.

But there is only ONE state in Spain. There are some people that seem to want to "secede".... We are fine with that, as long as they do it outside Spanish territory. Maybe they should move to France and try to do that stunt there... I don't think their police will be as soft with their "secesion" attempts.

I think Catalonia considers themselves to be a state, I mean, they even have their own president and police.

They can consider whatever they want, but it isn't.

Spain has 17 "autonomous comunities" which are regions where SOME estatal (there is only ONE state: Spain) competencies have been delegated. Thus they all have their own LOCAL regional representatives... but there is only one President of the Spanish Government and one King (whose function in practice and by law is more "PR" than "ruling").

They do have a president of their region (as do have the other 16) but think about him more as the equivalent of a city major but on a regional level. Regions are not states. So this is more like if tomorrow Las Vegas tried to secede from United States.

Most of spanish people is in favor of the supression of ALL autonomies for the main reason that it represents a HUGE economic burden because of the redundancy of some functions and costs.

And then, there are some regions such as Cataluña that have been as much benefited from this system that they keep "pressing" trying to obtain more and more using the constant "menace" of "independence".

We are completely fed up by that attitude and many consider this is an extortion to the state that should have been put to an stop many years ago.

In fact the extortion is going the opposite way. Why do you think State-sponsored violence to stop peaceful voting has become necessary? If Catalonia was poor and a net bludger they wouldn't bother with spending resources keeping them in Spain. It is because Catalonia is wealthy and supplies a huge amount of the taxes to the bludging, corrupt, free-loaders in the south that they send in Policia to keep the gravy flowing ... it's the usual violence for money racket that happens with all loser Socialist governments all around the world. Basically it really is armed robbery or 'extortion'. But there is also a bigger picture.

https://www.cnbc.com/2015/10/05/catalonia-is-critical-contributor-to-spains-economy.html

Despite only accounting for about 16 percent of the Spanish population, Catalonia represents about 25 percent of all Spanish exports, and it accounted for 23 percent of all Spanish industry, according to the regional government.

Why is the EU silent on blatant facism (police brutality to prevent democratic voting) inside it's members? Because Spain is so loaded up with unsustainable debt that if Spain goes bankrupt so does the EU blow up. If Catalonia leaves Spain then the EU is finished, bankrupted, over. Just when International democratic condemnation of facist Spain should have been reaching a fever pitch, USA has yet another mass-shooting event. How extraordinary that the global financial system seems to keep getting saved by these exquisitely timed 'terror' and mass-shooting events.

If any one of these aces should pull out of the global financial system house of cards, the entire edifice that is the global debt pyramid will collapse. The stakes could not be higher, anything goes now for the "overseers" who know the stakes and have access to the resources to create events that 'bend' the will of the people at critical junctures.

[1714691209]

1714691209

[1714691209]

1714691209

[1714691209]

1714691209

[1714691209]

1714691209

[conspirosphere.tk]

I don't see any conspiracy here. Just another tragic crime.

The alleged gunman was a patsy, and the conspiracy is to sell more metal detectors to further enrich rabbi Chertoff & C. as announced on 4chan 3 weeks ago:

https://squawker.org/politics/4chanvegas/







[edit]: and:

[player514]

END list, good luck!

19/9 rayx12 
24/9 kidbitter*
25/9 binaryreign*
26/9 player99
27/9 xhomerx10
28/9 khufuking
29/9 jhayzxenon*
30/9 yermom
01/10 teamtarp*
02/10 bitchick *
03/10 ^BuTcH^
04/10 minermannc
05/10 punisher1314*
06/10 jimbo Toronto*
07/10 player514*
09/10 Oinas*
10/10 bikerlezno*     LAST WINNER
11/10 ted e. bare
12/10 harrymmmm*
13/10 cryptoqueeen*
14/10 bitcoinaire*
15/10 ludwigvon*
16/10 BitchicksHusband*
17/10 shroomskit_disgrace
18/10 dakustaking76
19/10 birobob*
20/10 leowonderful
21/10 paashaas
22/10 cmacwiz*
23/10 spaceman_spiff_original*
24/10 colonel panic
25/10 soullyG
26/10 weltmaster*
27/10 vroom
28/10 entons*
29/10 roombot*
30/10 notme*
31/10 twocorn
01/11 YamashitaRen
02/11 orpington
03/11 Haciendo*
04/11 lilloboy
05/11 jojo69*
06/11 d_eddie*
07/11 empowering*
08/11 northyplole*
09/11 podyx*
10/11 u9y42*
11/11 starving_marvin
12/11 sirazimuth*
13/11 dotto*
14/11 hazukison*
15/11 organic*
16/11 Heater*
17/11 foxygoxy*
18/11 600watt
19/11 arriemoller
20/11 drbrockcoin*
21/11 icygreen*
22/11 rakessh
23/11 erisdiscordia
24/11 oblox*
25/11 mfort312*
26/11 globbo*
27/11 lfc_bitcoin
28/11 conspirosphere.tk*
29/11 rjclarck2000
30/11 last of the v8s *
01/12 newworldcoiner*
02/12 souspeed*
03/12 jaapgvk
04/12 sgk*
05/12 fluidjax
07/12 free-bit.co.in
08/12 imbatman
09/12 yonton
10/12 fragout*
11/12 itod
12/12 lontonbit*
13/12 CistaCista
14/12 cAPSLOCK
15/12 philivey
16/12 marcus_of_augustus*
17/12 mattimann
18/12 coincube*
21/12 2dogs
24/12 bones261*
25/12 mndan
26/12 karatma1*
28/12 deathangel*
30/12 erre
31/12 elwar
01/01/2018 lewis pirenne*
02/01/2018 addressed*
03/01/2018 bathy
05/01/2018 bitcoin psycho
06/01/2018 chowhan
07/01/2018 fabiorem*
18/01/2018 raja_mbz*
22/01/2018 _javi_
26/01/2018 kurious*
28/01/2018 steelboy*
29/01/2018 alcohodl
01/02/2018 cristitcm
18/02/2018 in the silence
20/04/2018 fractal universe*
15/03/2018 Carl85
15/05/2018 oldtimegin*
15/06/2018 samson
16/08/2018 samarkand

That cluster in early october is making me excited  

We'll see where Bitcoin goes. So far, it's been exploding pretty well. I think I was right with the coin needing some time before rebounding. We'll see how much further it gets on this climb.

[JimboToronto]

---snip---
01/10 teamtarp*
02/10 bitchick *
03/10 ^BuTcH^
04/10 minermannc
05/10 punisher1314*
06/10 jimbo Toronto*
07/10 player514*
09/10 Oinas*
10/10 bikerlezno*     LAST WINNER
11/10 ted e. bare
12/10 harrymmmm*
13/10 cryptoqueeen*
14/10 bitcoinaire*
---snip---

That cluster in early october is making me excited  

We'll see where Bitcoin goes. So far, it's been exploding pretty well. I think I was right with the coin needing some time before rebounding. We'll see how much further it gets on this climb.

Oct. 8 is conspicuously open.

What happens if it falls on that date?

 

[bones261]

---snip---
01/10 teamtarp*
02/10 bitchick *
03/10 ^BuTcH^
04/10 minermannc
05/10 punisher1314*
06/10 jimbo Toronto*
07/10 player514*
09/10 Oinas*
10/10 bikerlezno*     LAST WINNER
11/10 ted e. bare
12/10 harrymmmm*
13/10 cryptoqueeen*
14/10 bitcoinaire*
---snip---

That cluster in early october is making me excited  

We'll see where Bitcoin goes. So far, it's been exploding pretty well. I think I was right with the coin needing some time before rebounding. We'll see how much further it gets on this climb.

Oct. 8 is conspicuously open.

What happens if it falls on that date?

 

I believe that it goes to whoever is closest. In this case player514 would get it if it happens before noon UTC, and Oinas if in the afternoon UTC.

[JayJuanGee]

There is a lot of downward pressure right now.. or at least a holding pattern.. but at the same time, the bearwhales cannot get the price to go down.  Maybe we could go down to $4200 before resuming our upwards, perhaps?

Talking your book, eh ?

No.  I don't trade like that or participate in this thread like that. 

As I have stated numerous times, I have a system in place already that pretty much buys BTC as the price goes down and sells BTC as the price goes up.  For a large majority of the time, I do not take any extra position based on what I think that the price might do, except perhaps a little here and there on the margins.

And, even when I have some kind of theory about what I think that the price might do, I might tweak my thinking by 5% or maybe 10%, but it is usually not enough to take any kind of  strong stance outside of my already existing system.

So in that regard, I was just describing a kind of hunch that I had about the current market dynamics.  As we know, the price correction from mid September took us down about 40% from the top to below $3k, and then we got a rebound to $4,150, and then another correction to $3,550... so going up to $4,450 in the past day or so.

Accordingly, I thought it could be possible, perhaps, that we could have another oscillation that might go as low as $4200.. but surely it does not matter too much to me either way because I follow my already existing system .. and I just tweak my system in relatively small ways, here and there.

[Wexlike]

Bitcoin[log] vs Dotcom bubble[linear]

Am I wishful thinking ?

[Arriemoller]

Bitcoin[log] vs Dotcom bubble[linear]

Am I wishful thinking ?

What is that chart supposed to show?
Bitcoin can't be on a chart that ends before bitcoin was invented.
And you can't put a log vs a linear graph.

[Wexlike]

Bitcoin[log] vs Dotcom bubble[linear]
Am I wishful thinking ?

No. Just completely ignorant of maths.

Just counting on some crazy exponential adoption. It's impossible to compare the linear Bitcoin increase to anything else.

Edit: Fyi, Dotcom peak would account for ~1600k $/BTC prices.

[cAPSLOCK]

Bitcoin[log] vs Dotcom bubble[linear]
Am I wishful thinking ?

No. Just completely ignorant of maths.

Just counting on some crazy exponential adoption. It's impossible to compare the linear Bitcoin increase to anything else.

I see your general point.  It's an interesting proposition.  Exuberant, yes.  But we may indeed be seeing the biggest market bubble in thousands of years on either side.

If the encryption behind bitcoin is not broken, the next 5 - 10 years will tell the tale. 

-edit-  actually 5-10 is damn conservative.  2 years should be enough to really start the story.

[JayJuanGee]

There is a lot of downward pressure right now.. or at least a holding pattern.. but at the same time, the bearwhales cannot get the price to go down.  Maybe we could go down to $4200 before resuming our upwards, perhaps?

As long as we stay comfortably above $4k for a while, I'll be happy. No idea what October will bring, but here's hoping for it peaking back to near $5k by Halloween.

I don't know, if we are talking about a whole month or even a whole two months, because we should consider the projected Segwit2x hardfork in about mid-November, I see our current price range as $3600 to $4500 - however it seems so likely we are going to get at least one price trajectory beyond the $5k mark before mid-November.

There is a lot of downward pressure right now.. or at least a holding pattern.. but at the same time, the bearwhales cannot get the price to go down.  Maybe we could go down to $4200 before resuming our upwards, perhaps?

Bearwhales probably playing on fears of a head and shoulders pattern emerging. Bull case is still intact from my perspective though.

yeah, there is no real way that I am turning bearish about these kinds of temporary interruptions to what seems to be ongoing upwards, even if we were to have some kind of temporary additional correction... the bear case surely isn't there, in spite of some possible shorter term temporary victories in which they hold back the rise and get a little downward here and there.

[Heater]

It's impossible to compare the linear Bitcoin increase to anything else.

But you have somehow managed. Congratulations.

[jbreher]

Full text of Christine Lagarde of IMF to the BoE the other day:

https://www.imf.org/en/News/Articles/2017/09/28/sp092917-central-banking-and-fintech-a-brave-new-world

In between the cheerleading for centralizing order (and consequently increasing the power of her office over humanity - whodathunkit?), she makes some comments on cryptocurrencies. Interestingly, it shows that she really does understand at least some of the mechanics thereof. If perhaps unable or unwilling to acknowledge how irrelevant it may render her organization. Nevertheless, interesting reading.

[Punisher1314]

Well, I live near Barcelona, and the things are quite fucked up here.

People of catalonia wanted to vote for their independance. Spain said nope. Catalans said they will. Spanish goverment sent us a bunch of police (Policia Nacional and Guardia Civil). Catalans said they will vote anyways. Police charged against people who was deffending the voting locations in some places, you can check in youtube, "1 october catalonia" or similar (luckily they did not charge in my town). Catalan police deffended the civilians as much as they could and also in some manner allowed to vote, firemen deffended the civils incredibly. 900 people injured. Tomorrow, and probably more days, general strike. Spanish goverment media did not show any shit, and also said no-referendum was celebrated. I loled hard.

Tomorrow general strike, lets see what happens. In few days if the independance is declared maybe they send us some tanks, they supposedly can do it because the right of preserving their territory is written in their constitution, but lets see what europe says about that.

Anyways would be epic if catalonia declares its independence the 4th Oct, and i win the ATH game the 5th. lol

[BlindMayorBitcorn]

Dotcom peak would account for ~1600k $/BTC prices.

the biggest market bubble in thousands of years on either side.

This is slightly terrifying.

[cAPSLOCK]

Dotcom peak would account for ~1600k $/BTC prices.

the biggest market bubble in thousands of years on either side.

This is slightly terrifying.

 People pay good money to ride rollercoasters.

[BlindMayorBitcorn]

Dotcom peak would account for ~1600k $/BTC prices.

the biggest market bubble in thousands of years on either side.

This is slightly terrifying.

  People pay good money to ride rollercoasters.   

I noticed.

[Bitcoinaire]

Dotcom peak would account for ~1600k $/BTC prices.

the biggest market bubble in thousands of years on either side.

This is slightly terrifying.

Being extremely wealthy is terrifying. I just want to be wealthy(ier).
 

[LewisPirenne]

Dotcom peak would account for ~1600k $/BTC prices.

the biggest market bubble in thousands of years on either side.

This is slightly terrifying.

This is the reason why I got into the Bitcoin experiment in Late 2012.  I can see right away that BTC is highly deflationary by design.  We all know what hyperinflation looks like and some of us may have even lived through them, e.g. Yugoslavia, Ukraine, Zimbabwe, etc..  But we have never seen "HyperDeflation" before.  Deflation yes, but not hyperdeflation.  So I was curious whether BTC will usher in an era of hyperdeflation vis-a-vis fiat.

There is no reason to expect hyperdeflation to behave the same way as hyperinflation.  But if it does, then we know that Zimbabwe saw hyperinflation in "Quadrillion" percentage.  So even $1600K target may be "conservative" by historical terms.  Though if we ever reach that point, I think the last thing people needs to worry about is what they made in fiat terms.  Government will probably be ready to shoot anyone who is suspected as being the "evil profiteer". 

[yermom]

In fact the extortion is going the opposite way. Why do you think State-sponsored violence to stop peaceful voting has become necessary? If Catalonia was poor and a net bludger they wouldn't bother with spending resources keeping them in Spain. It is because Catalonia is wealthy and supplies a huge amount of the taxes to the bludging, corrupt, free-loaders in the south that they send in Policia to keep the gravy flowing ... it's the usual violence for money racket that happens with all loser Socialist governments all around the world. Basically it really is armed robbery or 'extortion'. But there is also a bigger picture.

I think extortion and oppression came from both sides, central government and autonomic government
There are no citizens stealing.
But sadly I've been told that there are too many spanish flags on balconies/windows in various non-catalan cities. For those that don't know, showing spanish flag here is usually a bad sign. And people singing "Cara al sol" omg
Pieces of cloth for me anyways, they should look at real problems in real life