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

[Torque]

Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces

sorry for broken english

I disagree, millions of new accounts are being added every month to exchanges around the world. I guess that's tens of millions of people 'not in his right mind'.

[BitcoinBunny]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1.

Which also means this isn't Average Joe panick selling, it is whale(s) shorting.

Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces

sorry for broken english

Supply and demand.
Plenty things have gone up in cost astronomically beyond inflation such as housing, tuition, healthcare and many IT stocks have gone up far more than that far quicker.

Only precious metals such as gold and silver haven't gone up over the last 50 years when adjusted for inflation. Considering the word's population has doubled over that time that is a shockingly bad performance for something that is supposed to be "precious".

[lightfoot]

Well transactions per second are down to three from over 140 a second last night. Which is good, should help with stability.

[jonoiv]

Is your real name NotLambChop?

[degxtra1]

Pucker up, get rich quickers.

Dear Sir, could  you tell me which site is this screenshoot taken?
Regards

[Phil_S]

Still going down

https://www.youtube.com/watch?v=MD5PiK14Gd8
Seems the only place for me is underground
So tomorrow when the sun goes up
I'll be going down
Going down
Going down

[bitcoinPsycho]

I thought it was 1776

[fabiorem]

I hope it stops at 8k.

But it can go to 5k, due to the noobs panicking. Just look at the other threads.

Never invest what you cannot lose. Never go all in. Always start with 5-15% of what you have.

Always hold it, until it matches what you want to buy with it, something expensive, like a sports car or a house.

And even when it matches what you want, dont sell it all, only a small part. Plan for dozens of cars or houses, not just one. Plan for a retirement.

Bitcoin critics are buying it at this moment. People like Dimon and Buffet are buying it. They dont need to understand the tech, they have clerks to take care of it.

The problem with these noobs is that they put all their money on it. Everything, their entire wages go to it. That's the recipe for disaster.

[Dotto]

Four digits, here we go

[fabiorem]

I thought it was 1776

He is celebrating the founding of the Royal Netherlands Navy, which was in 1488.

[BitcoinBunny]

I thought it was 1776

He is celebrating the founding of the Royal Netherlands Navy, which was in 1488.

Nah he is celebrating the last time people gave a crap about "precious" metals. 

[Gyrsur]

[Nosk]

Hello again 5 digits.



HODL

[Flamaicon]

Hold
Hold

Always the same
Big profits coming
Just be patience.
A lot of money are wainting to join this market.
All marketcap down from 800 bilions to 480 bilions in one week, and will Pump to 1 trilion in one month.
Will you lost this oportunity?
Just wait and win $

[kurious]

Is your real name NotLambChop?

Nah, she wasn't a racist, deluded, self-proclaimed nazi.  I actually never ignored her, either.

I wish people woudln't quote him, it's not even as if it's relevant to the WO.  I mean, PMs, really?  Maybe a little in one's portfolio, sure - but what has it got to do with Bitcoin, other than a metric of stored value to overtake?

[Torque]

Nah, she wasn't a racist, deluded, self-proclaimed nazi.  I actually never ignored her, either.

And he wasn't a 'she' either. You guys don't actually believe what these troll accounts say, do you?

[RoommateAgreement]

Happy China-Bans-Bitcoin Day everybody...

https://bitcointalk.org/index.php?topic=2768102.0

[kurious]

Nah, she wasn't a racist, deluded, self-proclaimed nazi.  I actually never ignored her, either.

And he wasn't a 'she' either. You guys don't actually believe these troll accounts say, do you?

I thought she was outed as Isabella Kaminski, a journo who writes for the fringes of the FT - with a negative, but reasonably well-informed stance on crypto.

Edit: NLC disappeared immediatley after this accusation was leveled.  And to my knowledge she or he never mentioned NLC's gender.

So to further answer, no, I do not believe a lot of what I hear on here, a lot of it is ill-informed and baseless.

[jonoiv]

Nah, she wasn't a racist, deluded, self-proclaimed nazi.  I actually never ignored her, either.

And he wasn't a 'she' either. You guys don't actually believe these troll accounts say, do you?

Most of the time i have to google the shit it comes out with, i had no idea what 1488 meant until today! lets just say it's seems very brave from behind a keyboard and probably a proxy.  

[AlexGR]

Bitcoin was designed to be a "peer-to-peer electronic cash system."  When I read the white paper, I envisioned a better form of money for mankind, as we transition into the information age.  BTC has given up on that vision in favor of a sort of "digital gold" designed to be held and not spent.  That is not something I'm interested in.  BCH is a return to the original vision for Bitcoin.

Wait... bitcoin was modeled after the gold mining scheme, in a much steeper -and practically finite and very scarce- way, by design, and you thought what exactly? That it would be inflationary money that encourages spending and fast dumping?

If Satoshi wanted bitcoin to have no serious store of value, to promote quick-dumping instead of holding, he could have made a dogecoin-like scheme, with billions of coins and infinite inflation. But he didn't.

It's very unlikely that you realized this ...after BCH was created. Everyone knew what BTC is (scarce, limited, promotes hoarding instead of spending) for years. But you were interested then and lost interest after BCH? Lol...

However, even if you misunderstood what Bitcoin is, there are plenty of altcoins with problematic store of value properties, including bitcoin forks that will run into a tail emission requirement (since it won't be able to support itself with fees), that can suit your "needs" of a devaluating coin.