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

[HairyMaclairy]

No one has given up Peter.  We just haven’t sold our soul to the Chinese like your pal Roger Ver.  


Tera:  that’s not a bull trap, it’s a retard trap.

[Neo_Coin]

Look at the log charts. This rise to 20k was not even FOMO yet.

LOL, because charts that show assets going to infinity make a lot of sense, right?  Not to mention that bitcoin completely fails as a payment system the second fees go this high because people will just use something else instead.  It's a flat out bloated speculation bubble.  Most of these people buying coins on Coinbase didn't even interact with a blockchain AT ALL.  They pay Coinbase fiat for Coinbase IOUs.  The IOUs just sit on Coinbase while they pray the price goes up, then they eventually dump at a profit or loss.  This entire process could be done without bitcoin existing at all.  It's a 100% speculation pump and dump bubble.

[Peter R]

@roach:

The three big problems I see with gold are that:

1. It can't be sent over the internet

2. It is difficult to know if you have "real gold"

3. It is difficult to store (I can't keep it in my brain, or password-protect it so that it's useless to a thief) and easy for men with guns to take from me

Gold was the best money the world had ever seen, but standing shoulder-to-shoulder with bitcoin, it looks obvious to me that gold will become a relic of a long-ago era of human development.  

[windjc]

Look at the log charts. This rise to 20k was not even FOMO yet.

LOL, because charts that show assets going to infinity make a lot of sense, right?  Not to mention that bitcoin completely fails as a payment system the second fees go this high because people will just use something else instead.  It's a flat out bloated speculation bubble.  Most of these people buying coins on Coinbase didn't even interact with a blockchain AT ALL.  They pay Coinbase fiat for Coinbase IOUs.  The IOUs just sit on Coinbase while they pray the price goes up, then they eventually dump at a profit or loss.  This entire process could be done without bitcoin existing at all.  It's a 100% speculation pump and dump bubble.

Why are you quoting this asshole? Its this stupidity that gives him a forum. Most of us have him on ignore. Now I have to ignore you too.

[HairyMaclairy]

Look at the log charts. This rise to 20k was not even FOMO yet.

LOL, because charts that show assets going to infinity make a lot of sense, right?  Not to mention that bitcoin completely fails as a payment system the second fees go this high because people will just use something else instead.  It's a flat out bloated speculation bubble.  Most of these people buying coins on Coinbase didn't even interact with a blockchain AT ALL.  They pay Coinbase fiat for Coinbase IOUs.  The IOUs just sit on Coinbase while they pray the price goes up, then they eventually dump at a profit or loss.  This entire process could be done without bitcoin existing at all.  It's a 100% speculation pump and dump bubble.

Gee I guess I better buy Ripple instead because it only costs $1.

[Peter R]

Peter, no offense, but where did you get that "Fozzie Bear" accent?

I haven't heard Fozzie Bear before.  I normally get Kermit the frog.  

[windjc]

Peter, no offense, but where did you get that "Fozzie Bear" accent?

I haven't heard Fozzie Bear before.  I normally get Kermit the frog.  

Yeah, there is definitely some Kermit the Frog in there as well. Kinda a "love child" vibe you got going on.

[realr0ach]

@roach:

The three big problems I see with gold are that:

1. It can't be sent over the internet

Neither can bitcoins.  I think my estimates when I ran the numbers a long time ago was that for bitcoin to have market penetration in the upper middle class globally, it would need 8 MB blocks and then only transactions of something like $5-$10k would be economical.  That's WITHOUT any cartel-type of activity artificially jacking up fees to the moon.

With such a system, to "be your own bank", you would store the bitcoins yourself, then transfer something like $10k worth at a time to a 3rd party bitcoin debit card service or whatever.  In other words, there is virtually ZERO DIFFERENCE compared to being your own banker using silver or gold because you can do the exact same thing there:  store metals in your own safe/vault, and transfer $10k at a time to a debit card service when you want to spend.  

This is one reason bitcoin is virtually useless.  It can't compete against metals at all as the base of Exter's Pyramid (aka the prime settlement layer).  The winner of the base of Exter's Pyramid is determined by what asset is capable of removing the most risk.  Bitcoin has built-in middlemen and doesn't remove counter party risk, so it's a complete dud in that competition.  You're essentially attempting to run a 2-legged horse in a race and pretending the invisible hand of the market isn't going to crush you.

Since bitcoin is a currency and not money, it's value has to be derived from transaction flow and not stock (settlement), so the LN would have a better chance at competing, but still, at the end of the day, if people believe both the bitcoin market cap AND metals market cap were peaked, they would dump bitcoin for metals anyway.  Why? If there is no money to be made, money takes a flight to safety.  Bitcoin can be destroyed by more black swans than you can count, while it requires a black hole hitting the earth to black swan metals.

As you can see, it's completely impossible for bitcoin to defeat metals as a settlement system.  Nobody wants to bag hold an imaginary token that can vaporize at any second unless they believe the price is going up.  It's too dangerous.  Unlike most children on this forum, you should be educated enough to understand it's not possible for the market cap to go up forever and the ramifications of what happens once people figure out that point has been reached.  Hal Finney is right.  Bitcoin only functions as a settlement layer.  He just forgot to mention bitcoin as a settlement layer is completely useless when silver and gold already exist.

[criptix]

BTC breaking all support channels:

It's time ladies...


Let the sky fall
When it crumbles
We will stand tall
Face it all together

[HairyMaclairy]

In the words of CryptoCobain, the Bitcoinchart looks like a diseased dick.

[ShroomsKit_DisgraceREAL]

Why are you quoting this asshole? Its this stupidity that gives him a forum. Most of us have him on ignore. Now I have to ignore you too.

ey windjc! good to see you around again!  you are my idol since that bet you made with rpietila which wipped out his sad ass, savage! 

Are you still involved witn NXT comm (or Ardor now)?

[PoolMinor]

XXXVII

[realr0ach]

Welcome to Twitter, where people post claiming they're "white" and even though they're white they believe the white race is evil and need to be destroyed.  Then later, every single one of them turns out not to be white but....drumroll...jewish:

[El duderino_]

Hope This time majority Will not have it right on the poll for 31january

[BitcoinBunny]

Welcome to Twitter, where people post claiming they're "white" and even though they're white they believe the white race is evil and need to be destroyed.  Then later, every single one of them turns out not to be white but....drumroll...jewish:

The world would be better off without Twitter.

[HairyMaclairy]

We have certainly found our volume again.  

BTC dominance:  35.9% and heading upwards. 

Litecoin rank 6 and rising.

Monero rank 13 and rising. 

I kinda like this crash.

[Dakustaking76]

Can someone awake jinbo torrento


Wake HIM up And save us!!!
Were doomdddddddddd



Guys no worries like other btc hodlers

We see this many times, its happening over And over And over again

At bitcoin What goes up comes down Yes! But at bitcoins what goes down like this
IT Will go more up!!!

Dont forget i remember we had ath till €6500,- then we broke to €3000+/-
Then we had a raid to €8xxx+

Can go like this.. we had a ath around €16k now were at the half of the last ath

I can say to the hoddddlers we Will have a ride above €16k

Buckle up And stay strong like we always say And buy the dips if you have money
I Dont have money ore i would buy the dips every time


JUST HODL THE DOOR!!!

[bonipper]

...  Also someone on this thread kept warning about Jan. 18, remember? What was that about?

BobLawblaw said all the top Wall street executives get huge bonuses about Jan. 18, and they will throw them all at bitcoin. To the moooon tomorrow.

[Flamaicon]

Can someone awake jinbo torrento


Wake HIM up And save us!!!
Were doomdddddddddd



Guys no worries like other btc hodlers

We see this many times, its happening over And over And over again

At bitcoin What goes up comes down Yes! But at bitcoins what goes down like this
IT Will go more up!!!

Dont forget i remember we had ath till €6500,- then we broke to €3000+/-
Then we had a raid to €8xxx+

Can go like this.. we had a ath around €16k now were at the half of the last ath

I can say to the hoddddlers we Will have a ride above €16k

Buckle up And stay strong like we always say And buy the dips if you have money
I Dont have money ore i would buy the dips every time


JUST HODL THE DOOR!!!

I 100% agree with you
Always the same movement
Justo hold and enjoy the future profits
Cryptos will bacj to up very fast

[Nosk]

Same thing in my opinion. Backing you up quoting that thread : https://bitcointalk.org/index.php?topic=2767926.0

Btc doesn't follow a pattern but we can see that every jan, there is a drop. Same shit, different year.
https://k60.kn3.net/C/6/8/A/E/0/6F9.jpg