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

[cAPSLOCK]

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.

updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

Father Abraham had many sons

Had many sons had Father Abraham

I am one of them

And so are you

So let's just praise the Lord!!!

yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

Merited in spite of quoting the troll.

[AlcoHoDL]

Carolina is lonely... 
No fun any more... 
No choo-choo... 

When moon? 

[Elwar]

So...perhaps an Italy bump like when Greece crumbled?

[Bitcoinaire]

Will this be another dead cat bounce, is the question?

[Asrael999]

Italy panic over, normal selling will resume shortly.

[Globb0]

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.

updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

Hitler was rubbish

yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

Merited in spite of quoting the troll.

Yes sorry, trust me I wrangled with it

[Elwar]

Italy crisis hurting banks...

should we put together a collection?

 

[Ibian]

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.

updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

Father Abraham had many sons

Had many sons had Father Abraham

I am one of them

And so are you

So let's just praise the Lord!!!

yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

Merited in spite of quoting the troll.

The worst part about him is that he is at least partly right in general. But nobody wants to deal with a pissed asshole. Someone should make a red pill rage support group or something.

[uslfd]

Italy crisis hurting banks...

should we put together a collection?

 

It definitely looks like it's hurting all the markets, may cause some Fear and some hedgers into Gold and Bitcoin?

Latest evidence [last 6 months] suggests bitcoin is not the new gold. If anything (with a few analysts pointing out that) bitcoin is a hyper charged high risk high return asset ahead of stock market

Which means, bitcoin is negatively correlated to VIX and ahead of [negative] VIX. (observed earlier this year)

If this relationship holds that would mean if we're to see a global financial crisis worse than 2008 later this year in Q4, btc is going to $1K before that.

[d_eddie]

Will this be another dead cat bounce, is the question?

My gut says "Yeah, this is another dead cat bounce, and we'll be plumbing $6,500 by Friday"

I hope I'm very very wrong.

Reanimated cat maybe? Nah, it won't last anyway.
I believe we're still headed down, but not terribly so.
You'll have to skimp on your lifestyle for a few months, maybe.
Which means - easy with that 500$ whiskey. Stick to $10 beers and $40 wines for a while... 

[greensheep]

So when does what is going on in Italy become the next crypto trigger?  Cyprus 2? Two year Italian government debt is down 5% since Monday morning, that's enormous in govt bond terms.

Now who owns all that government debt I wonder?

edit

French banks own a huge pile
https://wolfstreet.com/2018/05/27/which-banks-are-most-exposed-to-italys-sovereign-debt-other-than-the-horribly-exposed-italian-banks/

check the counter lols

https://www.nationaldebtclocks.org/debtclock/italy

[Anon136]

Italy panic over, normal selling will resume shortly.

If this is true though, it will show us something very interesting. I have been trying to figure out lately whether the market is viewing bitcoin as another tech stock or a flight to liquidity style asset. It would appear that it's both. It seems that bitcoin likes either extreme and dislikes a status quo future.

[JayJuanGee]

Good afternoon Bitcoinland

Finally back in civilization (Playa del Carmen) after 2 weeks without phone or internet access in the jungle. Seems the hombre who provides the local internet service was away because his mother died and when a power outage crashed his system there was nobody to restart it.

I see the price has continued to slide since I left Canada and while it isn't as bad as during the winter, it's perilously close to $7k... currently $7228USD/$9397CAD (Bitcoinaverage).

Being under 5 digits CAD is depressing. Hopefully it'll pick up after I head north.  

You buying some when you get back?  or what would be your "sufficient of enough dip" price point to buy?

[Karartma1]

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!

[Anon136]

Joking aside they are in a very shitty situation, they basically don't have a government!

Are you sure that isn't the opposite of a problem?

[jojo69]

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!

no government does not sound like a shitty situation to me

[kraterion]

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!

Like in the past 10 years basically? I can tell you this since I'm Italian (and I agree on food and please, WINE). My bet is, next first minister, Mario Draghi and btc to $30k

[jbreher]

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[Karartma1]

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!

no government does not sound like a shitty situation to me

mmm
nice one!

nonetheless, this doesn't mean there's no "government" if you know what I am saying 

[mindrust]

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!

I'd like to have a villa in Italy and a Ferrari to drive. Ferrari because I want to support the economy. Lambo's are German.