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

[realr0ach]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

[HairyMaclairy]

[marcus_of_augustus]

with every fork on bitcoin the inflation rate is doubled, if they can lockstep the alt-fork coin prices to bitcoins they have pulled off a very effective dilution strategy to thwart bitcoins powerful deflationary attraction forces ... until bitcoin price dumps hard to purge the parasite bastards

With every fork, forks become increasingly meaningless...

"meaninglessness" is not a valid economic measure of monetary inflation ... 

currently BTC's own inflation rate is 144x12.5x$10k = $18 million per day (quite a bit of moolah but assume adoption is soaking this up)

now as long as the parasites can lock their prices to btc, i.e. maintain btc:shitcoin ratio constant, let's have a look how much extra inflation crypto has to soak up from the parasites;

- aether 5760x3x$815 = $14 million per day a major parasite on the crypto space, dumping shitcoins with abandon from the pimply-faced russian uber-whiz

- Bcash 144x12.5x$1.5k = $2.7 million per day major bloodsucker riding on bitcoin branding confusion and adding network confusion also

- Ripple ~ who really knows how much they dump since they have 80% (billions) of coins locked to be released at developers/banksters whims (or lawsuits)

- then you can start counting the hundreds of other seriously shit coins and tens of bitcoin chain forks all issuing and dumping coins into the markets and absorbing real fiat inflows

BTC price needs to go on a deep dive to shake off all these scum ... who's with me?!

[conspirosphere.tk]

The earlier Finex get swatted and the happier I will be.
Until then, we are their bitches.

https://i.imgur.com/If1JKFPg.png

What the fuck you talking about with your bullshit nonsense?

What? I've got personally scammed by them when they got "hacked". Funny thing is that I had mostly USD on Finex at the time and the "theft" was of BTC, so they personally provided to steal two thirds of my USD themselves to make up for their "loss".

And don't get me started with scamtethers, their admission of insider trading and whatnot. If something happens with tethers or other shady dealings at Finex a panic of Goxing level may happen, not only for the possibly fictional 2 billions USDT.
But you are welcome keeping your holdings there, maybe think twice before covering their ass.

[erre]

with every fork on bitcoin the inflation rate is doubled, if they can lockstep the alt-fork coin prices to bitcoins they have pulled off a very effective dilution strategy to thwart bitcoins powerful deflationary attraction forces ... until bitcoin price dumps hard to purge the parasite bastards

With every fork, forks become increasingly meaningless...

"meaninglessness" is not a valid economic measure of monetary inflation ... 

currently BTC's own inflation rate is 144x12.5x$10k = $18 million per day (quite a bit of moolah but assume adoption is soaking this up)

now as long as the parasites can lock their prices to btc, i.e. maintain btc:shitcoin ratio constant, let's have a look how much extra inflation crypto has to soak up from the parasites;

- aether 5760x3x$815 = $14 million per day a major parasite on the crypto space, dumping shitcoins with abandon from the pimply-faced russian uber-whiz

- Bcash 144x12.5x$1.5k = $2.7 million per day major bloodsucker riding on bitcoin branding confusion and adding network confusion also

- Ripple ~ who really knows how much they dump since they have 80% (billions) of coins locked to be released at developers/banksters whims (or lawsuits)

- then you can start counting the hundreds of other seriously shit coins and tens of bitcoin chain forks all issuing and dumping coins into the markets and absorbing real fiat inflows

BTC price needs to go on a deep dive to shake off all these scum ... who's with me?!

100% agree about the concept, but ethereum is not a shitcoin and you can't blame it for tokens, as you can't blame btc for forks

[explorer]

all whist billionaires are erecting needless or inane monuments. Sounds like the years leading up to the fall of empires.

Actually, I'm more annoyed by the fact that Bill Gates doesn't fkn know the going price of bananas. They are so out of touch with reality it isn't even funny.

While I don't care how billionaires waste their own money, I think that empires collapse because of things like this:
https://www.reddit.com/r/conspiracyundone/comments/7zawb5/why_are_the_taxpayerfunded_salaries_of_a/

obligatory reading, from a time before Marla was consumed by the darkness

On the Pensioning of Roman Veterans

The parallels to rome is one of the reasons I think we are in for one hell of a historical ride.

4000 years ago, in the fertile crescent. The babylonians, akkadians and whatever other people I can't be bothered remembering. They were the most advanced people in the world at the time, they communicated and traded with one another.

And then it all collapsed. Likely this is where the story of the tower of babel comes from.

2000 years later, the romans. Same deal, huge area with a civilized culture, riches and military might uncontested by anyone in the known world. And they collapsed.

2000 years have passed.

Empires collapse...

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/india-enters-the-sovereign-debt-crisis/

[conspirosphere.tk]

ethereum is not a shitcoin and you can't blame it for tokens, as you can't blame btc for forks

eth is a fucking joke.

[Ibian]

The parallels to rome is one of the reasons I think we are in for one hell of a historical ride.

4000 years ago, in the fertile crescent. The babylonians, akkadians and whatever other people I can't be bothered remembering. They were the most advanced people in the world at the time, they communicated and traded with one another.

And then it all collapsed. Likely this is where the story of the tower of babel comes from.

2000 years later, the romans. Same deal, huge area with a civilized culture, riches and military might uncontested by anyone in the known world. And they collapsed.

2000 years have passed.

Well, a "racist" might notice some funny (((coincidences))) in such historical cycles.

Yup. I'm pretty sure jews are harmful to their host cultures.

[RayX12]

I suspect this dump is caused by Venezuelas president Maduro dumping his BTC for $$$

In case you did not know he is desperate for $$ since his state-owned oil company are now in default on about US$1.7 billion.
Todays 738 million pre-ico sale of his petro coin has given him enough money to begin the bail out that will prevent further economic collapse of his government.

I dont think that Maduro will be an honest president and use this money as he claims, to help the country.  Expect further dumps from this idioT!

[conspirosphere.tk]

I suspect this dump is caused by Venezuelas president Maduro dumping his BTC for $$$

In case you did not know he is desperate for $$ since his state-owned oil company are now in default on about US$1.7 billion.
Todays 738 million pre-ico sale of his petro coin has given him enough money to begin the bail out that will prevent further economic collapse of his government.

I dont think that Maduro will be an honest president and use this money as he claims, to help the country.  Expect further dumps from this idioT!

Who could be so stupid to buy 738 millions$ of Madurocoins and pay for them in BTC?
It's a whole new level of stupid.

[bitserve]

I suspect this dump is caused by Venezuelas president Maduro dumping his BTC for $$$

In case you did not know he is desperate for $$ since his state-owned oil company are now in default on about US$1.7 billion.
Todays 738 million pre-ico sale of his petro coin has given him enough money to begin the bail out that will prevent further economic collapse of his government.

I dont think that Maduro will be an honest president and use this money as he claims, to help the country.  Expect further dumps from this idioT!

I don't think Venezuela has any BTC and IF it had (maybe seized from the good venezuelan people) he/they would not dump it for US to use for the country but just hide it somewhere for their own personal use in the future.

There is no way to prevent the economic collapse of Venezuela, no matter what they do, even if they were (they aren't) exceptionally good managers from now on. It is way beyond possible recovery. The only thing they can do is prolong the agony at the cost of its citizens suffering. The sooner it finally implodes, the better.

The "petro" will be a shitshow worth watching with a good dose of popcorns.

P.S.: $735 million from Petro ICO pre-sale? I call BULLSHIT on that.

[HairyMaclairy]

I suspect this dump is caused by Venezuelas president Maduro dumping his BTC for $$$

In case you did not know he is desperate for $$ since his state-owned oil company are now in default on about US$1.7 billion.
Todays 738 million pre-ico sale of his petro coin has given him enough money to begin the bail out that will prevent further economic collapse of his government.

I dont think that Maduro will be an honest president and use this money as he claims, to help the country.  Expect further dumps from this idioT!

Who could be so stupid to buy 738 millions$ of Madurocoins and pay for them in BTC?
It's a whole new level of stupid.

Pre-sale is probably a wash. 

[RayX12]

I suspect this dump is caused by Venezuelas president Maduro dumping his BTC for $$$

In case you did not know he is desperate for $$ since his state-owned oil company are now in default on about US$1.7 billion.
Todays 738 million pre-ico sale of his petro coin has given him enough money to begin the bail out that will prevent further economic collapse of his government.

I dont think that Maduro will be an honest president and use this money as he claims, to help the country.  Expect further dumps from this idioT!

I don't think Venezuela has any BTC and IF it had (maybe seized from the good venezuelan people) he/they would not dump it for US to use for the country but just hide it somewhere for their own personal use in the future.

There is no way to prevent the economic collapse of Venezuela, no matter what they do, even if they were (they aren't) exceptionally good managers from now on. It is way beyond possible recovery. The only thing they can do is prolong the agony at the cost of its citizens suffering. The sooner it finally implodes, the better.

The "petro" will be a shitshow worth watching with a good dose of popcorns.

P.S.: $735 million from Petro ICO pre-sale? I call BULLSHIT on that.

Watch this report by Bitcoin Meister (World Crypto Network):

https://www.youtube.com/watch?v=5jTO1bWzX6M

[explorer]

I don't think Venezuela has any BTC and IF it had (maybe seized from the good venezuelan people) he/they would not dump it for US to use for the country but just hide it somewhere for their own personal use in the future.

I disagree.  I see no forward thinking at all coming from that direction.  Only current/immediate_future greed.

[RayX12]

I don't think Venezuela has any BTC and IF it had (maybe seized from the good venezuelan people) he/they would not dump it for US to use for the country but just hide it somewhere for their own personal use in the future.

I disagree.  I see no forward thinking at all coming from that direction.  Only current/immediate_future greed.

Here is another interesting report.
https://www.youtube.com/watch?v=lYVk8SKWvTM

It is hard to believe who would have bought this shit coin?  
He plans to sell it to Venezuelan people in the official ICO.  

edit: read this as well:
http://www.aljazeera.com/news/2018/02/venezuela-petro-cryptocurrency-180219065112440.html

[RayX12]

Here you can buy some Petro..
Have White paper and all!!

http://elpetro.gob.ve/index-en.html

edit:  wiki is here:  https://en.wikipedia.org/wiki/Petro_(cryptocurrency)

[JayJuanGee]

If Bitcoin didn't die in 2014 it won't now. Really wondering what will be the price after the next halving. It will be a long bumpy road for sure, and we will have many "war's casualties" that won't make it until then.

Other than that... Yep, Bitcoin is dead again.

Looking like it.


sad


and


Doom...


 

[JayJuanGee]

Here we go again next stop 9k

Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.

Too much resistance support down to $9k.

I don't see it happening.

Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.

FTFY:   Just for definitional sakes (and clarity)... going down there is support and going up there is resistance.

[User705]

with every fork on bitcoin the inflation rate is doubled, if they can lockstep the alt-fork coin prices to bitcoins they have pulled off a very effective dilution strategy to thwart bitcoins powerful deflationary attraction forces ... until bitcoin price dumps hard to purge the parasite bastards

With every fork, forks become increasingly meaningless...

Not quite.  While the whole “they” thing is spurious the fork problem is one of the few potential bitcoin issues.  With every fork a dichotomy arises.  Yes you can ignore them but that means value can be created from nothing.  That doesn’t quite make sense but in order to drop the price someone has to sell and someone has to buy and the moment that happens technically the value of the fork is a direct deduction on the value of bitcoin. That’s not to mention the issues of limited space on the original chain but unlimited space on the others.

[conspirosphere.tk]

with every fork on bitcoin the inflation rate is doubled, if they can lockstep the alt-fork coin prices to bitcoins they have pulled off a very effective dilution strategy to thwart bitcoins powerful deflationary attraction forces ... until bitcoin price dumps hard to purge the parasite bastards

With every fork, forks become increasingly meaningless...

Not quite.  While the whole “they” thing is spurious the fork problem is one of the few potential bitcoin issues.  With every fork a dichotomy arises.  Yes you can ignore them but that means value can be created from nothing.  That doesn’t quite make sense but in order to drop the price someone has to sell and someone has to buy and the moment that happens technically the value of the fork is a direct deduction on the value of bitcoin. That’s not to mention the issues of limited space on the original chain but unlimited space on the others.

After bitgold the subsequent forks have practically no value and are not traded on any decent exchange. They can't even be deposited on the few dubious exchanges where they are listed so they are not even worth of being splitted and practically do not exist, just 2-bit shitcoins.
https://btcdiv.com

I may be more impressed by some new alt with new bells and whistles.
And the limited space is a market too. Nothing is free.