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

[Toxic2040]

You guys may die of complete boredom in the interim.

I failed to realize you are so cruel...  /s

But I want my Lambo noooooooooowww!

What timeframe are you talking about here? Months? Years?

Finding validation in what we have been charting along the micro scale vs macro, that correlates with the overall trend line is very satisfying indeed.
Game, set, match. 70k+ath 2019...Lambo enough?

[bitcoinPsycho]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

in the meantime here's something to look at

[mike4001]

I think we've had enough consolidation for now. Let's move on up.

Thank you for asking.

I just flipped the switch to "up"

[STT]

A smart guy buys property which has utility worth and hopefully far smaller percentage costs.

A house can cost a surprising amount of money to maintain, and this is the result if you don't keep spending money on it.



Bitcoin costs nothing to maintain. Keep hodling long enough and it will give you a good return.

Well sure houses cost but that looks like a cheaply made one in a hurricane area on the coast.   Alot of DIY required if you wanted a cheap place to live on that one.    Alot of maintenance is about not letting it rot, if you live there its not as big a job or unfamiliar as fixing a v12 engine might be.   A cost of time and labour certainly.   Any asset costs in insurance and BTC is a secure system so that maybe thats a good point in its own favour (vs costing of banks etc).

However to say BTC costs nothing is clearly not the case, the miners have great costs ongoing.    Its stated as a real problem or a great influence in future price fundamentals.   The future of BTC relys on technology and energy efficiency to some extent.    Some will say POS will win the war vs POW because its cheaper.
I do think every economy is driven at its heart by efficiency, every price you can ever think of will be undercut by a competitor in a free market.  They undercut using efficiency and scales of economy.   So who is the threat to Bitcoin when considered this way.  Dollar is not efficient imo but there is other FIAT

I was saying this on the Petro thread, not sure who that OP is exactly.  Forget your enemies and the sanctions whatever is targetted as the problem.  A bad economy will destroy itself from within like a wheel with bad bearings.   I do expect BTC has to keep improving to enable growth which allows miners to keep making a profit, it cant be ignored. We sink if we dont swim


https://news.bitcoin.com/venezuela-orders-government-services-to-accept-any-cryptocurrency/

Let Ripple cripple for a while. Banky coin does not want to die

20000pages  is coming ,hope when the 20000 pages coming with the price of $20000, that will be awesome.

Have faith, never underestimate the power of the Wall Observer Thread

coinbase ripple listing. Is it true? If the price will fly high

Thing with Ripple is there is always more supply the company has available in a queue waiting to release.    Price transparency is not there, its like sailing with icebergs or something.    Market cap will rise perhaps but it'll remain mostly under central control of 'the company'.     One for the fast footed traders to worry about, I'm out

[Toxic2040]

Thank you for asking.

I just flipped the switch to "up"

+10 WOsMerits

[mike4001]

Thank you for asking.

I just flipped the switch to "up"

Well sheeit. Looks like I'm gonna have to make me some popcorn.

Things are starting to look interesting.

You can thank me later.

Please send donations to my Bitcoin Pizza address.

[mike4001]

lol

130 BTC sellwall @bitstamp

Someone wants to see the price go up for a change.

[jojo69]

oh my

[Karartma1]

Nice! I have a free hour: I'll do myself a Mature Cheddar & Ham Sandwich, I'll grab a beer and I will watch the charts. My bank wire came a few minutes ago. Let's have fun. 

[Toxic2040]

oh my

You can thank me later.

Please send donations to my Bitcoin Pizza address.

I tweeted this but just have to share here...too funny. Cant make shit up like that.

[Arriemoller]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

I have seen RPG:s for sale in Georgia in the 90s.

[Searing]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

What timeframe are you talking about here? Months? Years?

<snip>

The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.

I am almost 99% sure it has NOT been priced in.   When we know ETF(s) are for sure, or at least one has been givin approval, it's going to get crazy.
Here is my delima:  I have 30+ years of retirement "locked up" in the company 401k.   I cannot get out of this 401k since my employer has a contract with the custodian (Fidelity).  The only way out is to quit and roll over to another custodian or do the self-directed 401k thing.

Anywho, here is the predictable scenario I see playing out....
1. ETF is approved (or enough insiders know it is approved that it becomes obvious).
2. price of BTC skyrockets ahead of the ETF offering.
3. ETF becomes available to us "working stiffs" after the huge price spike.
4. I will continually kick myself for not getting my 401 funds in a position to capitalize on the "very predictable" future.

I am so sure of this playing out, I feel the irresistable urge to either quit my employer or take the penalties and remove the 401k funds from the program.

That and Tether....that has been priced out IMHO...people forget....thus the price rise...that unfortunately can still come back and bite us....I'm afraid

resolve Tether in some manner...so the market knows...and have ETF....then zoom IMHO...(good/bad/too fast ..it will zoom at that point)

anyway, hopefully, tether has all caught up on their books now with cash out at the high and buy back the BTC needed to cover at the low...or how I'd do it

always something..always drama with btc

[HairyMaclairy]

Long / shorts ratio steady at 2.05, on the slightly bullish side of the ledger. 

[HairyMaclairy]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

I have seen RPG:s for sale in Georgia in the 90s.

I guess it was naive of me to think that civilians don’t need RPGs and that they would be illegal.  I may need to up the ante slightly and check whether short range ballistic missiles are permissible for US civilians under the second amendment.

Edit:  this looks promising. Justice Scalia saying the second amendment applies to hand carried weapons so Stinger anti-aircraft missiles may be protected.  It’s great to know that I can express my second amendment rights by bringing down civilian airliners.  I guess we can defend ourselves against the black helicopters after all.

https://www.economist.com/blogs/democracyinamerica/2012/07/gun-rights

[Dakustaking76]

Where is realroach? Did he died

[Arriemoller]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

lol

How do you know I don't have any RPGs?

You are welcome to bring your pig tank around and test that theory.

And RPG:s are used against armoured ground vehicles.
If you try yo shoot a helicopter the flame from the back of the weapon will recoil and kill you.
Anyone in the area behind the weapon will also be killed , thats why the loader (or the shooter, depends on the RPG, my experience is with the Swedish ones) always have to check behind the weapon and give a clear signal to the shooter before firing.
Here's one guy who walked behind a firing RPG  https://www.youtube.com/watch?v=Is2-0iCckmo

[jojo69]

Where is realroach? Did he died

now we have his alter ego, left statist Mclairy

[HairyMaclairy]

My non-existent experience if using RPGs against helicopters is from watching Black Hawk Down where they were used to shoot the tail off

Where is realroach? Did he died

now we have his alter ego, left statist Mclary

We are going take all the Jews and send them to university.  And make them write essays on Hobbes.  And child support.

[d_eddie]

Where is realroach? Did he died

Crying wolf, are you?

Just wait for the next significant dip.

[Searing]

Where is realroach? Did he died

The price is pumping he will take a bit of time off....when the price dumps he will be right back....bet on it!