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

[pacman7331]

I miss ChartBuddy

[1642875306]

1642875306

[1642875306]

1642875306

[TERA2]

I want 4D charts

[suspiciously square]

I miss ChartBuddy

He's been broken for a day or two. This is all he's been posting for the last few days.

[HairyMaclairy]

Tera

Have you considered making all your predictions in Russian?

Btw:  thank you for persuading me to buy in the 6ks...

[pacman7331]

Anyone sell bitcoin price insurance? Could be a good startup.

[HairyMaclairy]

That’s what the futures market is.  It’s a form of price insurance.

[pacman7331]

That’s what the futures market is.

I thought the futures was just about shorting bitcoin with wall street forces.

[HairyMaclairy]

In theory the futures market is so producers (miners) can lock in the sale price of their goods (BTC) when produced in the future. A miner is a natural short because they have to sell to cover electricity costs. Companies with a future need to consume BTC can hedge against soaring prices.

Of course it doesn’t work that way in reality.  

[JayJuanGee]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

You can stab people with it, stick up your jacksy, or even one's urethra, plug holes in aircraft fuselages to prevent depressurisation and use it to deliver children if there's no hot water and towels to hand.

Can a Lambo do any of that?

With a pen, you can perform emergency tracheotomies, too.

[pacman7331]

In theory the futures market is so producers (miners) can lock in the sale price of their goods (BTC) when produced in the future, and companies with a future need to consume BTC can hedge against soaring prices.

Of course it doesn’t work that way in reality. 

Huh... I guess that sort of stabalizes the volitility a bit.
Are these contracts transparent?

[gembitz]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

You can stab people with it, stick up your jacksy, or even one's urethra, plug holes in aircraft fuselages to prevent depressurisation and use it to deliver children if there's no hot water and towels to hand.

Can a Lambo do any of that?

With a pen, you can perform emergency tracheotomies, too.

 

weee

[suspiciously square]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

You can stab people with it, stick up your jacksy, or even one's urethra, plug holes in aircraft fuselages to prevent depressurisation and use it to deliver children if there's no hot water and towels to hand.

Can a Lambo do any of that?

With a pen, you can perform emergency tracheotomies, too.

The Little Dutch Boy could have saved Haarlem from flooding by putting a pen in the dike instead of his finger, too.

[suspiciously square]

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

[d_eddie]

I must say:

It's been very reassuring to see certain views being challenged in this thread which have been left to pass by without comment before.

I was beginning to wonder, now I find I am not alone. Respect to those who spoke up, it was about time.

'nuff said.
On with WO nonsense in all its flavours.

Thanks, but sometimes it's better to ignore and hope it dies a natural death. 

Yes, it's soothing to be able to glide over it sometimes. You can't engage permanently.

Ya gotta pick your battles.

Or let them pick you, as it happens 

[d_eddie]

You can stab people with it, stick up your jacksy, or even one's urethra, plug holes in aircraft fuselages to prevent depressurisation and use it to deliver children if there's no hot water and towels to hand.
Can a Lambo do any of that?

No. But I did pick up two of these.

https://www.vipertecknives.com/products/guard-father-spike-automatic-otf-icepick

Jam them into my urethra every morning as part of my morning workout, right after I finish my sets of slamming my testicles between two bricks.

You have strange customs in your country.

Only the biggest stars have customs so extravagant. Now Bob doesn't like to boast too much, so he didn't mention that the bricks are actually gold-plated tungsten, food grade. With repeated use, they eventually get soft-sculpted by thousands of impressions of impressively hard kidney beans.

[RoomBot]

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

The rats are abandoning the sinking ship.

go, BTC!

[HairyMaclairy]

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

If investors decide that BTC is a safe haven asset during a financial crisis, then I hope you brought a spare pair of knickers.  My safety word is “carrots”. 

[RoomBot]

The Asian stock markets are now crashing like Wall Street. Meanwhile bitcoin's gone back up above $8000. Thankfully the investors seem to be buying into it rather than selling it like they are selling those stocks.

If investors decide that BTC is a safe haven asset during a financial crisis, then I hope you brought a spare pair of knickers.  My safety word is “carrots”. 

Hand me my brown pants, sir!

[Deeyoh]

I logged into my main financial institution and Lord Jesus Christ I have not seen red this bad in a long while.

Main US fiatcoin portfolios are down 1.8% today. Nothing in the green at all.

Pretty amazing, actually.

Yeah, told ya that bubble wasn't looking to good.  Hope your fiat investors are holding your cash tight.

[cAPSLOCK]

I think anyone who buys a pen worths thousands of dollars is a little bit mentally retarded.

Useful artwork is retarded?  Maybe you're  just poor.  I have 2 cigarette lighters that together are worth well over $10k.  I assure you that I am no where near mentally retarded.  Small scale Lambo's.  That's all.  I don't smoke.  Maybe I need a pen...

Or maybe hes just recognizes spending $10K on a pair of lighters or owning lighters worth that much is pretty fucking stupid. I dont care If someone bought BTC in 2010 and are worth 8 figures, respectable people dont go around calling people poor because they dont buy $3000 pens or $5000 lighters.

Welcome noob.  FYI not many of us here are worried about being respectful...