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

[somac.]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.

An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is.

[PaivanTreidi]

The big idea behind crypto and blockchain aside, and purely from a speculative viewpoint, I see this spot as a lottery right now. Are the odds there to buy buy buy...? Do you think there is a more than 10-15% chance that bitcoin will break 60k in the future? If so... Buy buy buy.

[bitserve]

Everyone is so bearish here that the bottom must be IN already.

I would usually concur on the sentiment signal... But this time I am worried it could be Bitfinex selling an INMENSE amount of crypto to cover Tether reserves. If that were the case, and they were nowere near done, the bottom could be waaaaay lower.

There and No room for waaaaay lower

Hope so. But it depends on how many billions they still need to cash out to fix the balance.

[JayJuanGee]

Where are all the ridiculous bears who told me I was wrong and it was going straight to $2k

We are in real fucking trouble, boys and girl in the WO thread, if we have Tera giving us the:

"I'm less bear than you"

and simultaneously

"bull pep rally"

[Jacques_Bittard]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.

An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is.

Rigging the system like with mtgox and tether? I can see why you probably get abused by other people.

[Typex]

It means that the rich can no longer screw them financially by rigging the system.

The irony is that tens of thousands of people got screwed the past 6 weeks, who do you think profited?

[Last of the V8s]

Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.

This is really important.
Yesterday ({[they]}) bought 3 1k buy walls at 7800 - that i saw in just a short Wall Observe. But the dumps now are just little titties by comparison - 12, 15, 50 coins.
They think big gobs of coin are worth having at 6/7 k
They stand to make far more by encouraging it back up once they've shaken the trees and picked up the ripe fruit, than by going short.
So yes Tone Vays might be right we're in for another ~month of floggings.
After that, add a few zeroes.

[JayJuanGee]

There are a lot of fucking retards out there, that are skeptical about entering into bitcoin.  This is as good as any entry point - around a 67% retracement, currently.

Yeah, sure we might get more retracement, but it is going to be difficult to go wrong from this entry point, whether BIG investor or a more modest one.

JayJuanGee being vulgar and angry, how about that. I've always thought that JayJuanGee is the type that cries in a warm bath during stressful situations. Considering the avatar picture and the lack of thought in the walls of text.

Welcome newbie.  Hopefully, you have some possible bitcoin-related ideas to share, rather than mere wrong-headed and fantastical assertions about personalities, that you seem to NOT have too many clues. 

[somac.]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.

An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is.

Rigging the system like with mtgox and tether? I can see why you probably get abused by other people.

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

[El duderino_]

Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.

This is really important.
Yesterday ({[they]}) bought 3 1k buy walls at 7800 - that i saw in just a short Wall Observe. But the dumps now are just little titties by comparison - 12, 15, 50 coins.
They think big gobs of coin are worth having at 6/7 k
They stand to make far more by encouraging it back up once they've shaken the trees and picked up the ripe fruit, than by going short.
So yes Tone Vays might be right we're in for another ~month of floggings.
After that, add a few zeroes.

Like to see a few zero’s behind This price :-)

[HairyMaclairy]

Fuck it. 

I have set buy orders from $6400 to zero. 

First one just got triggered.  Let’s all go down together !

Ah   ha!!!!!!!!!


Hairy berry:  you broke from your previously disclosed plan which was to go on some kind of hiatus and then to start buying somewhere in the vicinity of the supra $4,900 territory...

$6400 is a long fucking ways from $4,900... It sounds like you talking the BIG HAITUS talk, but then when push comes to shove, you are following some kind of copy cat quasi-JJG incrementalism.......

ah ha.... .ah  ha... ah ha...


Caught you with your pants down.      Apparently, BMB did  NOT get your pants, because they are down around your ankles and I can see places where the sun usually does not shine.   

Tera convinced me otherwise.  I try not to be arrogant in my thinking and to trade defensively at all times.  Maybe you had an influence too but I would not want to give you too big a head so let us pretend that this is not possible.

O.k..... I will pretend that the Hairy berry is following the counsel of Tera bera, and I will also act as if I did not see you with your pants down either.  We are all adults, here.    Perhaps.   

I’m not wearing any pants right now so I think it is ok.  

On your JJG incrementalism, at what level do you sell it back?

[zazzbg]

Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.

This is really important.
Yesterday ({[they]}) bought 3 1k buy walls at 7800 - that i saw in just a short Wall Observe. But the dumps now are just little titties by comparison - 12, 15, 50 coins.
They think big gobs of coin are worth having at 6/7 k
They stand to make far more by encouraging it back up once they've shaken the trees and picked up the ripe fruit, than by going short.
So yes Tone Vays might be right we're in for another ~month of floggings.
After that, add a few zeroes.

Who is ({[they]}) 

[Jacques_Bittard]

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the DOLLAR value of bitcoin 

[Typex]

Rigging the system like with mtgox and tether? I can see why you probably get abused by other people.

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

It doesnt.  They were created by humanity and its greed.  There will never be a completely de-centralized payment system because of human nature.

[soullyG]

From the volume, it definitely looks like we'll be seeing a final bounce soon (hopefully), and it's gonna be epiiiiiiiiiic

[Last of the V8s]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

I dunno.  Doesn't look like that much volume:

Compare like with like and stop lying.

He is trying to talk the price down so Jihan can pump BCH with his usd stash when the time comes.

[Last of the V8s]

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

I smell picnic bear.

I do indeed work in standards as my day gig. However, ones of a very different nature. Without the standards I work on, none of this shit would even start working.

I thought you were too crypto rich to have a day job.

The picnic bear works because he "like it..".

hahahahahhaha


 

He works for the enemy, the USG.

In his spare time he volunteers for their asset, Ver, and the corresponding chicom asset, Wu.

[Last of the V8s]

cex.io is down.

works for me..

Yuh I'm fine with that, too.

[somac.]

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the DOLLAR value of bitcoin 

So you're stupid then. You see stupid people, like you, concentrate on the short-term for everything, all they can see is the current situation and judge everything and everyone on that. Smart people look into the future and can see long-term trends. Ask all these "whining" people where they think bitcoin will be in the future. Then come back in 10 years time and see what has happened.

[Last of the V8s]

Maybe good for the not millionaire investors that wants to get in BTC and find 4digit prices more reasonble for there long term investment 50k and could be owning 8-12 btc still very decent for the smaller hodler investors among us not
The ones Going in now put This kind off btc on a ledger and Just look back to iT in a few years....

Mike teaching the newbs to be patient there.