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

[jojo69]

this recent ETH/BTC peg at .1 is eerie...and boring AF

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[infofront]

~$5,900 is bedrock, and the increasingly bearish sentiment is bullish. That is all.

[moneyForjam]

~$5,900 is bedrock, and the increasingly bearish sentiment is bullish. That is all.

[bitserve]

~$5,900 is bedrock, and the increasingly bearish sentiment is bullish. That is all.

Ok... that has been funny.

Proudhon is that you?

[Elwar]

Shouldn't an Economist at the NYU at least be smart enough to factor out the monetary supply? Would sure be nice to see someone in such a position making educated assessments rather than spreading propaganda or bullshit statements that don't hold under scrutiny.

https://twitter.com/Nouriel/status/962479746444652544

Re: Bitcoin is the biggest bubble in history. Glenn Beck even did a show about it.

All they factor in is percentage rise, not market cap. Beck said that when the bitcoin bubble bursts it would be worse than the dotcom bubble and the housing bubble combined. Silly because there are so few people affected.

If you want the biggest bubble in history I have one that is bigger.

My brother had an ice cream cone when I was a kid. I told him I'd give him 1 cent for it. He said no. At that point the price per ice cream cone was $.01. Then I offered $1. He said no. So I offered him $10. Knowing I didn't have that much money he again said no. I then offered him $1 million for the ice cream cone. He said I don't have that much money. So I said I have 50 cents and offered him 50 cents for it.

In the span of 5 minutes the price of one ice cream cone went up millions of percent and then the bubble popped and crashed. That was the biggest bubble in history. It should be recorded. The economic impact was felt for years after that, the recovery felt by all.

[suchmoon]

https://imgur.com/qdJEy3B

[moneyForjam]

8185 gonna get broken soon

[sirazimuth]

As a professional power-top, I must wholeheartedly agree. Astroglide is preferable. Avoid Vaseline altogether. Can use Olive Oil if you or your partner can't generate enough spit.

hmmm... might have to tell Grandma to avoid this thread when she asks about my bitcorns...

[Last of the V8s]

back to rsk for a sec.: simplicity language for smart contracts seems much more popular right now https://youtu.be/OM3lmnytGfM?t=2h4m10s

[jojo69]

As a professional power-top, I must wholeheartedly agree. Astroglide is preferable. Avoid Vaseline altogether. Can use Olive Oil if you or your partner can't generate enough spit.

hmmm... might have to tell Grandma to avoid this thread when she asks about my bitcorns...

one of the whalepool guys had his mom on the mic yesterday, it was hilarious

[BTCMILLIONAIRE]

When number of pages in this thread equals the btc/usd ATH, will it then drop to 6k pages?
Keeping fingers crossed.

The ATH already passed the number of pages last year, but apparently the page count didn't get the message. Let's see what happens during the next round.

Is page count a leading indicator or a lagging indicator?

it is the mean to which the price will revert

Brilliant. I'm ashamed I didn't come up with that despite my training in Mathematics.

Shouldn't an Economist at the NYU at least be smart enough to factor out the monetary supply? Would sure be nice to see someone in such a position making educated assessments rather than spreading propaganda or bullshit statements that don't hold under scrutiny.

https://twitter.com/Nouriel/status/962479746444652544

Re: Bitcoin is the biggest bubble in history. Glenn Beck even did a show about it.

All they factor in is percentage rise, not market cap. Beck said that when the bitcoin bubble bursts it would be worse than the dotcom bubble and the housing bubble combined. Silly because there are so few people affected.

If you want the biggest bubble in history I have one that is bigger.

My brother had an ice cream cone when I was a kid. I told him I'd give him 1 cent for it. He said no. At that point the price per ice cream cone was $.01. Then I offered $1. He said no. So I offered him $10. Knowing I didn't have that much money he again said no. I then offered him $1 million for the ice cream cone. He said I don't have that much money. So I said I have 50 cents and offered him 50 cents for it.

In the span of 5 minutes the price of one ice cream cone went up millions of percent and then the bubble popped and crashed. That was the biggest bubble in history. It should be recorded. The economic impact was felt for years after that, the recovery felt by all.

Never heard of that dude. Doesn't seem like he's worth knowing either if he argues like a toddler?

[Ibian]

Oh cool, war talk!

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.

I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers).

Please stop repeating nonsense someone told you before you at least check the facts once. If you bothered to do that, you would find:


Source: https://en.wikipedia.org/wiki/Eastern_Front_(World_War_II)

Does this look to you like elephant and ants? Something else was the reason why Soviets defeated Hitler, and it's not the number of soldiers.

The ruski numbers are way higher (why does this need pointing out?). So yeah, ants. Also, they were in the r phase of the cultural cycle during the war, so they definitely relied more on numbers than quality. Some of their soldiers were tasked with shooting anyone who fled from the front lines, for fucks sake.

Repeating nonsense will not make it true. On what do you base your claims these numbers are not true? It's common reaction not tot accept the facts when facts doesn't suite your prejudices and beliefs. Smart people rather question their beliefs then questions the facts. Doubt is good, it's a source of knowledge.

Look. Look at the fucking numbers you are quoting. Where do you see higher numbers on the axis side? Point it out. Dickwad.

No seriously, what the fuck happened here?

[sirazimuth]

My crushed bull soul on ice is getting flat. Need some fresh FUD in it ASAP

I think you need to say "crushed bull" again...its kinda sexy....

[BTCMILLIONAIRE]

Oh cool, war talk!

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.

I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers).

Please stop repeating nonsense someone told you before you at least check the facts once. If you bothered to do that, you would find:


Source: https://en.wikipedia.org/wiki/Eastern_Front_(World_War_II)

Does this look to you like elephant and ants? Something else was the reason why Soviets defeated Hitler, and it's not the number of soldiers.

The ruski numbers are way higher (why does this need pointing out?). So yeah, ants. Also, they were in the r phase of the cultural cycle during the war, so they definitely relied more on numbers than quality. Some of their soldiers were tasked with shooting anyone who fled from the front lines, for fucks sake.

Repeating nonsense will not make it true. On what do you base your claims these numbers are not true? It's common reaction not tot accept the facts when facts doesn't suite your prejudices and beliefs. Smart people rather question their beliefs then questions the facts. Doubt is good, it's a source of knowledge.

Look. Look at the fucking numbers you are quoting. Where do you see higher numbers on the axis side? Point it out. Dickwad.

No seriously, what the fuck happened here?

Perhaps he compared the bold figures only and considered the gaps to not be large enough to justify those metaphors? Fuck knows.

[Neo_Coin]

Did someone mention total war against the Jews until not a single one of the demonic rats is left standing?

[yefi]

hmmm... might have to tell Grandma to avoid this thread when she asks about my bitcorns...

Maybe if we get Lambchop back, she'll see some content more to her liking...

[rolling]

this recent ETH/BTC peg at .1 is eerie...and boring AF

I agree, it needs to get back to 0.01 where it belongs.

[Last of the V8s]

Possible slingshot bitcoin crash ahead

Armstrong is definitely thinking a further crash of everything into a SLINGSHOT move to the upside.
Maybe we should be prepared for a drop to $3500!

Shelby thinks we're not depressed enough

In fact, demeanor is a significant reason I don’t think we’ve bottomed yet. There’s far too much optimism still. A bottom comes when everyone becomes very pessimistic. The fact that the shitcoins are leading Bitcoin is very weird and perhaps very ominous because it means no one believes this crash is going to last very long or go very deep enough to turn away the flood of the masses and institutional investors coming into cryptocurrency.

[itod]

Oh cool, war talk!

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.

I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers).

Please stop repeating nonsense someone told you before you at least check the facts once. If you bothered to do that, you would find:


Source: https://en.wikipedia.org/wiki/Eastern_Front_(World_War_II)

Does this look to you like elephant and ants? Something else was the reason why Soviets defeated Hitler, and it's not the number of soldiers.

The ruski numbers are way higher (why does this need pointing out?). So yeah, ants. Also, they were in the r phase of the cultural cycle during the war, so they definitely relied more on numbers than quality. Some of their soldiers were tasked with shooting anyone who fled from the front lines, for fucks sake.

Repeating nonsense will not make it true. On what do you base your claims these numbers are not true? It's common reaction not tot accept the facts when facts doesn't suite your prejudices and beliefs. Smart people rather question their beliefs then questions the facts. Doubt is good, it's a source of knowledge.

Look. Look at the fucking numbers you are quoting. Where do you see higher numbers on the axis side? Point it out. Dickwad.

No seriously, what the fuck happened here?

Happened that I'm tired arguing with you about obvious. You stated:

Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers)

and I've shoved you the figures that in 1944 when the Germans where truly defeated there were 3,370,000 Hitler's fighters confronted to 6,425,000 Soviet fighters. If that complies with your definition of one elephant vs huge number of ants then I'm out of the discussion. You are right that those 3,3M fighters had better technology, were better trained, had superior command infrastructure and still they are defeated by 6.4M fighters. It certainly was not the "ant psychology" that gained victory with such less then 1:2 number difference.

[BlindMayorBitcorn]

Possible slingshot bitcoin crash ahead

Armstrong is definitely thinking a further crash of everything into a SLINGSHOT move to the upside.
Maybe we should be prepared for a drop to $3500!

Shelby thinks we're not depressed enough

In fact, demeanor is a significant reason I don’t think we’ve bottomed yet. There’s far too much optimism still. A bottom comes when everyone becomes very pessimistic. The fact that the shitcoins are leading Bitcoin is very weird and perhaps very ominous because it means no one believes this crash is going to last very long or go very deep enough to turn away the flood of the masses and institutional investors coming into cryptocurrency.

Not sure many people consider this crash a crash. I mean, I do, but I'm seeing too much on the optimism charts to think we'll go anywhere that low again anytime soon.

NB. My doom indicators are also becoming weaker.