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

[Enjel]

Speaking of Bernie Sanders, Occupy, etc. - Bitcoin is in a direct conflict with the socialist/communist millennial movement, who probably just wants to do away with money altogether and make everything universal payer. Bitcoin is capitalist. Bitcoin is greedy (its in the whitepaper). Half of bitcoin and what bitcoiners speak about is the price, which is prominently displayed at the top of every website - what is the price? How much am I up? How many coins do you have? When did you get in? Hodl? These people who dont even have any money dont see any benefit in something like bitcoin - to them bitcoin is just shifting the power from one master to another master - from bankers to techy people (the new bankers) - and neither one of them deserve to have more money/resources than anyone else. Its just more jewish witchcraft. As soon as they see that all these early investors and adopters are millionaires and billionares, the jig is up.The whole concept of saving and investing and becoming wealthy or dodging inflation goes over their heads - because nobody should be hoarding money. They want a new system and to live life freely without wealth and status and money. We are just a trojan horse and they wont be fooled for long.

Yes, this is exactly what the Marxists want. However, what is your point?

The problem with these Marxists is that they have this dream of a utopia, but have no way of implementing it. I used to also dream of a utopia when I was much more naive, but the fact is that humans are greedy, generally callous, and overall flawed.
They will take advantage of each other for personal gain - if one person doesn't, another will take the opportunity. The nature of survival and society create and reinforce this.

This is because, at the center, the human is an individual. All collectivist thinking is totally nonsense until you have some special technology that can turn the human race into a hive mind (controlled by a few leaders).

Now, Bitcoin is literally the closest thing we have right now to taking a step towards that utopia - with mass adoption, and each satoshi having immense purchasing power, the purchasing power/price will stabilize.

This is a step to *true* freedom. It starts to resemble a payment system created and enforced by God (actually just probability and cryptography), and not by man (where middlemen control your transactions and stuff). It's not perfect, BTW, but it is revolutionary.

The price is just because we want to have purchasing power with our BTCs. It's normal - I don't why that's a problem.

[1675887268]

1675887268

[JayJuanGee]

You know what's weird is when I came here 5 years ago we were doing the same thing and having the exact same conversations, except the price was 200 times lower. Bitcoin wasn't even known about - it was a nothing. Now magically it has manifested itself into a thing while we all just stayed here and did nothing and shot the shit. But we fully expected this and we all knew almost 100% that the next rally was coming, and then the next, and then the next. It's like we're a bunch of entitled cunts.

Speak for yourself, terabera.

hahahahahaha...

There is no exact group think.

We are having a dialogue, and there is a decent amount of bullishness, yet there is variation too, and there are also peeps who pop in from time to time  that really disbelieve in bitcoin and believe in various other cryptos...

We are not all the same, and you are not the same either, Tera. Both you and I have changed over the past 4-5 years.   I have only been in this thread for 4 years.. but you perhaps 5 years, even though you took nearly a two year break.. and where the fuck were you?  Taking a break.  That was your story.  What the fuck?

Anyhow, don't tell me that your ideas are all the same, and you knew this bitcoin market and price performance was going to happen like this all along...   Yeah, you used to be so obsessed with china, china, china, and now maybe even you are less bearish, but you don't seem to have a shortage of FUD ideas to bring up from time to time... .and  no fucking way, your ideas are not the same and.. no one knows or knew this present state of bitcoin, and yeah, once it happens, then at that time, hindsight becomes 20/20, but before the future happens, it is just a bunch of conjecture, theories, probabilities and some scenarios that seem to be more probable than others, but still historical circumstances could have changed events in which our present status and BTC price performance might not have happened, and we may have been 3-5x under performing from our current state, or maybe another set of events in which we would have been in a 2x higher price arena at this time...   

I already mentioned several times that BTC's price performance had gone about 4-5x beyond my expectations and this 61% price correction does not change my assessment that BTC has performed way more bullishly and even remains in an arena that is about 4x to 5x higher than I had expected.

Yeah, all these circumstances may seem all clear in hindsight.. but not in predicting and even a lot of the peeps discussing in the thread have changed, too... where the fuck  is adam?  he became a big blocker nutjob... and chart buddy and richieT disappeared too because of their pride battle with Theymos... and there are a bunch of others that have disappeared from active WO participation.. .and with new folks, too... and some of the new folks have become quite influential in various ways.. while they learn and teach.. or at least share information in the thread..

Furthermore, there are a lot of fucking ideas out there that are contributing to the bitcoin space in the alt sphere and in the ICOs and maybe some of these activities are within the realm of foreseeable, but certainly not the specifics, so the actual carrying out of segwit and lightning and the battles of the hardforks are other attacks on bitcoin were not exactly known events nor would it be know how they would play out.. including the extent to which the government/financial institutions tolerate and battle bitcoin at the same time.

We cannot sit back smugly and say that we knew all of this.. because we did not, even if some of the specifics are kinds of within a realm of what we thought could be possible.

[HairyMaclairy]

Incidentally while there are bullish signs, the 1D chart still looks like a diseased dick.

[Neo_Coin]

[wayna]

Back to Bitcoin.  It seems we have missed the usual Saturday night dump or that buying below $9k was too aggressive for it take hold.  

Mem pool size has stopped falling and has stayed roughly the same for the past 24 hours.

Both bullish signals.

They are pumping some alts indeed.

[HairyMaclairy]

They are pumping some alts indeed.

Dent.  Some people never learn.   

[windjc]

You know what's weird is when I came here 5 years ago we were doing the same thing and having the exact same conversations, except the price was 200 times lower. Bitcoin wasn't even known about - it was a nothing. Now magically it has manifested itself into a thing while we all just stayed here and did nothing and shot the shit. But we fully expected this and we all knew almost 100% that the next rally was coming, and then the next, and then the next. It's like we're a bunch of entitled cunts.

^^^ There is truth in these words.

[TERA2]

you took nearly a two year break.. and where the fuck were you?  Taking a break.  That was your story.  What the fuck?

I completely ignored bitcoin during the bear market. I didnt so much as have a clue where the price was the entire time. If someone tried to bring up bitcoin I cut them off. During this time of hodling I re-taught myself how to code, got a job, got in shape, got some friends, went to festivals, and tried to pretend to live a normal life that didn't have an elephant hiding in the corner. When bitcoin hit its absolute low I was biking around black rock city, and during another crash I was at Machu Pichu. During this time I dreamt of many things that later came true. First I dreamt of the huge 30K bearwhale wall. Then I dreamt of a drop to the 100s. Then I dreamt of a rally above 4K.

[jojo69]

here we go again

[explorer]

You know what's weird is when I came here 5 years ago we were doing the same thing and having the exact same conversations, except the price was 200 times lower. Bitcoin wasn't even known about - it was a nothing. Now magically it has manifested itself into a thing while we all just stayed here and did nothing and shot the shit. But we fully expected this and we all knew almost 100% that the next rally was coming, and then the next, and then the next. It's like we're a bunch of visionary entitled cunts.

[rafanadal]

here we go again

 

[d_eddie]

It's all about normalized merit TERA.

I just mentally subtract a person's starting point.

I do the same, it's quite obvious isn't it?

[d_eddie]

From https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences:
"The Prize in Economics is not one of the original Nobel Prizes created by Alfred Nobel's will."
"The prize was established in 1968 by a donation from Sweden's central bank"

'nuff said 

It doesn't really imply all Nobel prizes for Economics are bunk. Not all prizes have been awarded to politically skewed theories of strict neo-Keynesian observance. As a good example, I'm thinking of K. Arrow's impossibility theorem (1972 prize).

[MERlT]

http://money.cnn.com/2018/02/02/investing/stock-market-today-dow/

The real news, Wall Street 1929 crash incoming, HODL your Bitcoin and get some popcorn 

You think this is just the beginning of a down spiral?

*puts tinfoil hat on*

What if the wall street boys knew this was coming and decided to get some cheap bitcoins before the crash.
It would make sense that Bitcoin goes to the moon when Wall Street crashes, we have seen it many times before, in times of turmoil people tend to go towards Bitcoin. In 2017, BTC was in high demand in Zimbabwe, Venezuela and South Korea. All of them had some form of financial tensions.

Well, in that case, USA should be going nutz over BTC




As well as the rest of North America
South America
Europe
Asia
Africa

BTC

Patience young Padawan 

[somac.]

Standard weekend dump. Just piss off already dumpers. Damn thing is going to 100k, just buy.

[d_eddie]

My previous low-too-low limit buy got filled, but in the meantime I slipped one more in. I won't be satisfied the rise has begun until I have at least one low buy order left unfilled!  

hahahahahahaha...

I have seen several of your posts on this topic, and it seems that you just keep adding another one as soon as the lowest as fuck one gets filled, and then you have a new lowest as fuck buy order... self-fulfilling prophecy that is going to be true no matter what, right?..

It's a bilt like your 'buy on the way down' gospel, seasoned with a bit of gambler's spice (look for the bottom just for sports).

unless we go to zero, then you will have to set them in the negative territory (just for the record, I don't think we are going to zero, and especially not to the negative price territory.. Is that too bullish of me?).  

Negative territory... you get paid to get bitcoin. Definitely not too bullish. Not happening anyway, I tend to agree  

[d_eddie]

As noted by another poster, our guy Masterluc got his account on TradingView disabled.

(yesterday at 12:37 pm)

TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.

[somac.]

As noted by another poster, our guy Masterluc got his account on TradingView disabled.

(yesterday at 12:37 pm)

TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.

Where is that quote from Masterluc taken from?

cause his account on bitcointalk was hacked the other day

[d_eddie]

As noted by another poster, our guy Masterluc got his account on TradingView disabled.

(yesterday at 12:37 pm)

TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.

Where is that quote from Masterluc taken from?

cause his account on bitcointalk was hacked the other day

If's from VKontakte, his main outlet recently.
https://vk.com/bitcoin_vanga

[Last of the V8s]

https://weeklyglobalresearch.wordpress.com/2018/02/04/what-problems-can-the-lightning-network-solve/
most of this is fair criticism