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

[Torque]

This Parkland teen got destroyed in the very first reply to her tweet:

https://twitter.com/delaneytarr/status/980806714743296002/photo/1

John W. Rollins
‏ @johnwrollins
10h10 hours ago
Replying to @delaneytarr

So the 4th Amend is OK, but not the 2nd? When did our Constitution become an a la carte buffet?

Be careful what you wish for, folks.

[Rosewater Foundation]

This Parkland teen got destroyed in the very first reply to her tweet:

https://twitter.com/delaneytarr/status/980806714743296002/photo/1

John W. Rollins
‏ @johnwrollins
10h10 hours ago
Replying to @delaneytarr

So the 4th Amend is OK, but not the 2nd? When did our Constitution become an a la carte buffet?

Your young people are tired of getting shot.

[Torque]

Your young people are tired of getting shot.

And your young and old people are tired of being under constant surveillance by the state.

[gentlemand]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

[bones261]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

Not all of US Americans are packing heat.

[Torque]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

It's 'color'. 

[gentlemand]

Not all of US Americans are packing heat.

There's a place waiting on the other side of The Wall for you, you commie pinko.

[yefi]

One simple rule. Make me laugh, get a merit. It's automatic.

* yefi trepans jbreher and wedges an electrode into his amygdala to induce hysteria.

[TERA2]

Our young people are tired of getting impaled, dozens of times more often than getting shot, but we're not asking anyone to ban cars or alcohol.

[Rosewater Foundation]

Can we at least agree we're all still poor?

[gentlemand]

Can we at least agree we're all still poor?

At least they can blow their brains out with ease.

[Rosewater Foundation]

Can we at least agree we're all still poor?

At least they can blow their brains out with ease.

True, most bridges are just too far out of the way to even bother.

[Elwar]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

Not all of US Americans are packing heat.

That's because so many of us have to pass through "gun free" zones. Making ourselves vulnerable to mass shooters.

[marcus_of_augustus]

ask those kids whining about the 2nd if they would rather live in some socialist, authoritarian shithole with no options but to suck up the bullshit from their Dear Leader. The populace needs to reserve the rights and means to exact devastating, catastrophic violence on an out of control of government/state. Distributed small arms in the hands of millions of citizens is the least dangerous but a few large nukes , squadron of fighters or tank battalions aimed at the politicinas might be more amenable if they can't stomach the fallout from small arms in the hands of madmen?

Guided tours to Venezuela, Zimbabwe, N.Korea might be instructive for them ... in fact, the more that get 'lost' on tour would be better.

[bitserve]

Can we at least agree we're all still poor?

Confirmed.

[Torque]

Can we at least agree we're all still poor?

At least they can blow their brains out with ease.

Perhaps that's why the establishment is so eager to make sure they can't hurt themselves. Because once they're done whining on Twitter about their perceived social and moral injustices and snapping YOLO selfies on Instagram, they'll get out in the real world and realize that the $50K in student loans didn't do shit for them in terms of securing a career that will actually pay the bills, much less retirement security.

Then they'll try to kill themselves. But hey, at least not with a gun!

[Elwar]

Can we at least agree we're all still poor?

At least they can blow their brains out with ease.

True, most bridges are just too far out of the way to even bother.

I jumped off a bridge when the price dropped.


It was a foot bridge...2 feet above the water. Got my shoes wet 

[smartcomet]

An interesting take on bitcoin (it could have been posted here, but it is a first time I have seen it):

https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdf

Major points:

1. $4.4-9.9 tril final value for the store of value use, but could rapidly (months) increase to $1.5 tril (which is about $112K or $86k fully diluted). My opinion: he wrote it when btc was at 15-17K, so run up in months to $1.5 tril would be postponed, most likely.

2. An interesting comparison with AMZN, which was $107 in 2000 but was $1600 recently. In between AMZN declined to $5-6.
The author says that if you calculate by dec 2017 AMZN price, it increased "only" by 14% yearly between buying during internet "bubble" peak and Dec 2017. I recalculated to the recent AMZN peak of $1600 and it is rather 16.5% yearly.
However, if you count from 2001 AMZN low of  5.76, you'll get 39.5% yearly return from 2001-2018.
Well , 39.5 is much better than 14-16.5%, but even 16.5% is OK.

I guess my point is that those who bought at $17-20K would be similar to investors who bought AMZN at around $100 in 2000 and those who bought either earlier (up to btc $1000) or later (at the bottom whenever it comes) would be in a similar situation to AMZN buyers at either IPO or in 2001. They would just have to wait maybe a decade or so. The upper target in the article is 260-800K/btc.

Year           US Debt Ceiling (trillion of dollars)
1985    1.95
2018         21

Increase ~600B debt per year
annual global gold production is 3000 tonnes , that is ~130B.
US dollar and gold increase total 730B to international Solvency.

Will BTC replace these dollars by add 600B marketcap every year in the near future( next next halving 2024)?

[JayJuanGee]

Can we at least agree we're all still poor?

Personally speaking, I refuse to agree with you... and perhaps anyone who has been in bitcoin for more than a year, should join into this particular disagreement, because who wudda thunk?


Hoy dia, my bitcoins are worth:

1) about 5.8x more than they were worth one year ago (using $1,200 as a price reference point),
2) about 12x more than they were worth 18 months ago (using $580 as a price reference point),
3) about 15.5x more than they were worth two years ago (using $450 as a price reference point),
and
4) about 28x more than they were worth 30 months ago (using $250 as a price reference point).

Furthermore, I tend to believe that the fundamentals in bitcoin remain strong (even with the problemas of the various alt coins hovering in the parameters).  In any event, there remains a lot of future value and upside BTC price potential (even though in the short term, I am kind of torn in a 50/50 status regarding whether BTC prices are going up or down.. and currently BTC price sentiment seems to be a bit more weighted towards the downside... go figure?..    I am not going to get tricked out of my coins.....   ).

Maybe we should begin to proliferate this thread with "cut your looses, gooses" postings in order to really begin to feel a kind of capitulation that could allow any remaining sellers to sell?  perhaps?

[TERA2]

In 2014 the forum was bragging about how many coins they were going to hodl and there were lots of people with 250 coins or so so I wouldnt say everyone is poor but they might skipping the lambo and getting a GTR or something.