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

[realr0ach]

I wonder why you spend so much time talking on a Bitcoin forum if you hate cryptocurrency so much. Don't you have anything better to do with your time bro?  

Why are you worried that someone is telling the truth about economics, metals, and bitcoin?  Or is the truth dangerous to you?  The goal is for the goyim to dump this garbage at the top for silver and leave Goldman Sachs and the yids holding the bag on this worthless, designed to centralize, imaginary token garbage based on artificial scarcity.

[DaRude]

I know this is off topic, but it appears someone spammed the BCH mempool, recently. It appears some of the pools are electing to only mine 1MB blocks, others 2MB blocks and a couple the full 8 MB blocks.  

https://cash.coin.dance/blocks
https://jochen-hoenicke.de/queue/cash/#24h

What's the point of having big blocks when one of the mystery miners will only mine 1MB blocks?

It's relevant, methinks!

BCH Peeps spamming the BTC mempool affect BTC price & movement, so turnabout is fair play.

Especially after enduring all the Bcash & other altcoin garbage posted on this BTC thread...

I'm waiting for them to remove the blocksize so i can store DVD of matrix in their blockchain forever!

[JayJuanGee]

Artificial scarcity does not have value, JayJuanGee.  It's inherently a valueless scheme/scam.  Just because it's possible to sometimes profit by joining the game of hot potato while praying you're not the one left holding the bag on imaginary tokens, doesn't alter the fundamental traits of what it is.

Holey Fucking Moley, again, Roach... You are making me repeat myself regarding your seeming self-imposed blindness.

You have been posting about bitcoin for four years - giving the benefit of the doubt that you are the same person from your previous account, and that you did not sell your account, even though you may have sold your bitcoins a bit too early (less than $500-ish)  

Anyhow, my point is that even you should understand that bitcoin is not magical internet money - and there is more fundamentals to it than that.  You are not that retarded - and that is why you are a fucking distracting shill troll, who merely attempts to distract us with a bunch of bullshit discussions and mischaracterizations that both overvalue PMs and undervalue cryptos.

Yeah, wrapped your self-selective racist pinhead around the idea that bitcoin.. yeah we are talking about bitcoin... -- bitcoin is bringing some asset class to the table that has never fucking ever been employed before, which can be summarized as a "secure permissionless and immutable mechanism to store and transfer value"  We have no other fucking asset class like bitcoin in the world.  Sure there are some that are similar and sure there are some that are comparable and sure there are some that are attempting to imitate or dethrone bitcoin, but still bitcoin remains king of the cryptos and so far resilient to the multitude and varied attacks that have been wielded upon it, including your contributions to such disinformation and distraction campaigns.  

Bitcoin was the one that started this whole thing off with the resolution of the byzantine generals problem and causing a system that does not allow for double spending.  that is a real scarcity, even if you want to argue such scarcity to be "artificial"

Sure you play a role, and sure some folks might believe folks like you, but sooner or later and deeper and deeper the realization is sinking in that bitcoin is providing something solid, strong and substantial, and all of your naysaying and denials are going to look ridiculous in retrospect - and similar how lacking in insight it appears for you to have sold many (perhaps all ) your BTC under $500.

You still have a chance to save yourself and to jump on the bitcoin train before it is too late, but perhaps either you are not going to or you are secretly investing into bitcoin in spite of your getting paid to spread nonsense and to make a name for yourself with your idiotic distracting racist "contributions" - if we can be so charitable as to characterize what you do as "contributions."  

[Lontonbit]

Global artificial intelligence created bitcoin to harness huge computational power, singularity and AI takeover has begun! See you all in the after life!

[JayJuanGee]

I wonder why you spend so much time talking on a Bitcoin forum if you hate cryptocurrency so much. Don't you have anything better to do with your time bro?  

Maybe he's shorting. This is a trader forum. It's not like it's the development and technical discussion board.

One troll supporting another troll.    

[realr0ach]

JayJuanGee, I did not sell my account you turd.  Me and numerous other people in the thread all got their accounts stolen somehow right around the time they added google captcha to this site.  I think TERA's acct got stolen too.  As I recall, you also got your account stolen at the same time.  I've yet to see anyone explain how all these people simultaneously got their accts stolen without the site being compromised.

[Phil_S]

Possession and ability to secure the asset matters.  If you are unable to secure it, you don't actually own it.

I think it's pretty hard to secure even $1mil worth of silver.

Very heavy, req. lots of digging, etc.

[realr0ach]

Possession and ability to secure the asset matters.  If you are unable to secure it, you don't actually own it.

I think it's pretty hard to secure even $1mil worth of silver.

Very heavy, req. lots of digging, etc.

Do you people even lift?  Kyle Bass owns $1 million dollars of nickels.

[JayJuanGee]

JayJuanGee, I did not sell my account you turd.

You are the turd.

 Me and numerous other people in the thread all got their accounts stolen somehow right around the time they added google captcha to this site.  I think TERA's acct got stolen too.  

I am not even talking about that you turd.

I am giving you the benefit of the doubt to be the same roach as previously and also giving you the benefit of the doubt that while you had the account "roach" that even during that time, you had not sold that other account either (along with your bitcoins below $500)

As I recall, you also got your account stolen at the same time. 

Yes, I did get my account stolen, but I think that my account was stolen much earlier than yours was stolen  (mine was stolen in about September 2016 and your was stolen in mid 2017 - right?)..... but anyhow, I am NOT even talking about that.  I am not doubting you to be the same stupid-ass roach... but within your roach account, you could have sold some time around the time that you sold your bitcoins - early 2016 - or perhaps earlier - , but I am kind of giving the benefit of the doubt there, too.

I've yet to see anyone explain how all these people simultaneously got their accts stolen without the site being compromised.

Now you are off on another distracting topic.  What else are you saying about this site?  Is it either relevant or important to other points that you are making (not that your other stupid trolling points are very relevant, either)?

[Phil_S]

It's not impossible to move 600 or so 100oz silver bars, but it's very inconvenient. Even if you dig a hole in a ground, someone might see you. Or government will take your land via eminent domain. Or something Venezuela-level happens nationwide, and your better leave the country asap. Crossing the border with 600 of 100oz silver bars would be impossible, even if you lift a lot.

[somac.]

Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?

[windjc]

Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?

What is Bitcoin Atom?

[somac.]

Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?

What is Bitcoin Atom?

Its just another fork. That's all I know.

[oblox]

Bitcoin Atom futures are up around $1300, I'm sure it's just because it's the futures market with little volume on a dodgy exchange. But, does anyone here know if Bitcoin Atom is any better than any of the other forks? and would it justify a higher price?

What is Bitcoin Atom?

One of the latest flavor-of-the-week BTC forks.

[realr0ach]

I am giving you the benefit of the doubt to be the same roach as previously and also giving you the benefit of the doubt that while you had the account "roach" that even during that time, you had not sold that other account

[JayJuanGee]

I am giving you the benefit of the doubt to be the same roach as previously and also giving you the benefit of the doubt that while you had the account "roach" that even during that time, you had not sold that other account

And, follow the advices of Roachie poachie.


He will help you to better understand bitcoin and any other supposedly relevant and important topics.   

[realr0ach]

It's not impossible to move 600 or so 100oz silver bars, but it's very inconvenient. Even if you dig a hole in a ground, someone might see you. Or government will take your land via eminent domain. Or something Venezuela-level happens nationwide, and your better leave the country asap. Crossing the border with 600 of 100oz silver bars would be impossible, even if you lift a lot.

The weight is irrelevant.  Like I said, it's like complaining someone is willing to sell you brand new cars for $1 then complaining you have no place to store them or that you're having a hard time trying to bench press the car. Silver is a highly leveraged play on gold without being required to have the exchange counter party risk.  It's the same thing as saying "I would never purchase 1 ton of gold for $100 an ounce because there's just no way i could move it all".  If you want to maximize profits you will figure out how to make those noodle arms function.

I forgot to mention the fact that most people attempting to buy large amounts of silver fail to be able to source it in the first place a lot of times (Eric Sprott type of people).  A lot of these dealers will only have something like this as their entire stock of silver eagles.  It's only a $40 billion market cap as opposed to bitcoin's $230 billion, so any random guy that shows up wanting to buy a million dollars worth might be the final straw the breaks the camel's back, or sends premiums from $1-2 to $5+ with 3 month waiting lists:

[TERA2]

We're never going to buy into your silver talk because we're all vampires!

[AlexGR]

AlexGR, you don't seem to understand the fact that paper money, especially fiats issued as debt, always implode and then people enter the vaults to square up the existing debts and claims vs a new peg.  You either balance the existing debts and claims vs a new peg, or anyone that bought a $500,000 house and paid with a NINJA loan and still owes $499,999 gets a free house.  

If you think about it, it's similar to buying some silver, reselling it a bit later and getting a free house

Without balancing the existing debts and claims vs metals as the new peg, and thus vastly inflating the price of the metals, you would also have complete disintegration of most nations into some type of 500 BC lawless plunder and shooting because there is no consensus on who owns what, etc etc.  It doesn't matter if you think some people will make too much money by holding metals or whatever, it will happen because it's the only possible thing that can happen.

They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and  countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist. If you did as much as getting a parking ticket, or if they have a suspicion of you doing something weird, they'll be able to just turn off your unique id that allows you to make txs, as a punishment. You won't even be able to buy food if you don't comply to any government authority. That's the way individuals will lose their freedom. And countries will lose their own by surrendering their right to print money to a centralized global "issuer" that "promises" to be "responsible" with the monetary policy - which in turn will require tight fiscal policies from all the countries that "owe" (a fraction of their old debt - which will still be unserviceable). And all these policies will also "require" control on alternate payment means (PMs, crypto, etc) so as to ensure the chances of survival for the new system.

The problem of a full-blown electronic system (mainstream) is that it creates a gatekeeper for money flowing into and out of PMs (and crypto). We are seeing "hints" of this when credit cards, paypal, banks etc etc, prevent money flowing in or out of crypto. Now this could go to a situation of total control or even legal penalization if one attempts it under the new global electronic currency.

The numbers I stated were only a 20-40x for silver.  You seem to make believe that's an illogical and huge amount when people just bought bitcoins for $1 each and then resold them for a +20,000x a few years later.  The only difference is, it's a hell of a lot safer going all-in on silver than btc.

No I don't think it's illogical, actually (real-)inflation adjusted for the 50$ price in the 80's, a similar peak today should be at least 300$. And that doesn't even require settlements through PMs - just a similar spike under "normal" conditions. I just don't think it's likely without some anomaly.

[Last of the V8s]

Urgent patch required this is not a drill.
Multiple vulnerabilities have been found in global financial, social and governance systems.
Many exploits already found in the wild. Loss of sovereignty abounds, soi-disant nation states have been noticed, some claiming to have 'their own' money. 'Democracy' and other socialist tendencies are rife amongst the poor.
Download here: http://thebitcoin.foundation/trb-howto.html