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

[Ibian]

I think the order of the world, how it works and why we even got where we are now has very much to do with bitcoin. Politics=money, money=bitcoin? Aren't we here to change the principles of the whole financial world? Doesn't history apply to that?

 Politics = power; money is a tool used for contrrol.  Bitcoin is supposed to transcend politics... but we havent evolved enough ergo Bcash.
Bitcoin = politics.

Where in the white paper does it say that bitcoin is supposed to transcend politics?

 In the title, in the abstract and in the introduction for starters...

And how is it defined?

Actually nevermind. I got it open right here in another tab and neither of those words exist in it. Thought it sounded funny.

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[xhomerx10]

I think the order of the world, how it works and why we even got where we are now has very much to do with bitcoin. Politics=money, money=bitcoin? Aren't we here to change the principles of the whole financial world? Doesn't history apply to that?

 Politics = power; money is a tool used for contrrol.  Bitcoin is supposed to transcend politics... but we havent evolved enough ergo Bcash.
Bitcoin = politics.

Where in the white paper does it say that bitcoin is supposed to transcend politics?

 In the title, in the abstract and in the introduction for starters...

And how is it defined?

Actually nevermind. I got it open right here in another tab and neither of those words exist in it. Thought it sounded funny.

 Which words?

[Ibian]

I think the order of the world, how it works and why we even got where we are now has very much to do with bitcoin. Politics=money, money=bitcoin? Aren't we here to change the principles of the whole financial world? Doesn't history apply to that?

 Politics = power; money is a tool used for contrrol.  Bitcoin is supposed to transcend politics... but we havent evolved enough ergo Bcash.
Bitcoin = politics.

Where in the white paper does it say that bitcoin is supposed to transcend politics?

 In the title, in the abstract and in the introduction for starters...

And how is it defined?

Actually nevermind. I got it open right here in another tab and neither of those words exist in it. Thought it sounded funny.

 Which words?

The... ones that you claimed... exist in it? In multiple places?

[xhomerx10]

I think the order of the world, how it works and why we even got where we are now has very much to do with bitcoin. Politics=money, money=bitcoin? Aren't we here to change the principles of the whole financial world? Doesn't history apply to that?

 Politics = power; money is a tool used for contrrol.  Bitcoin is supposed to transcend politics... but we havent evolved enough ergo Bcash.
Bitcoin = politics.

Where in the white paper does it say that bitcoin is supposed to transcend politics?

 In the title, in the abstract and in the introduction for starters...

And how is it defined?

Actually nevermind. I got it open right here in another tab and neither of those words exist in it. Thought it sounded funny.

 Which words?

The... ones that you claimed... exist in it? In multiple places?

 It's there but hey, if you're good with what you've found then it's all the same to me.  Saves me from trying to type out responses on my phone.  That's extremely frustrating.

[El duderino_]

Common BTC be generous and give us a sick “for the moment” pump sitting with my girl and brother @ dinner and getting Total crazy on TOPwines  So rally and make us happy 

[buyandhold]

[JayJuanGee]

Funny how either scenario could still reasonably play out (that is 1) early 2013 scenario or 2) late 2013 scenario).

Honestly, not even my sophisticated SOMA prediction engine has helped me any in figuring this one out.

Like most of us - and you in particular - I'm just trying to set myself up to fall on my feet in both cases of up and down. Sideways would require no special preparation, at least in my case.

I retain a certain level of confidence that anyone who has accumulated a decent amount of BTC - let's say over a year ago, so their BTC buy average is less than $3k should feel a bit of comfort and confidence from this current consolidation situation - even if circumstances cause further BTC price dipping below $5k, for instance.... but yeah, if BTC prices were to dip below $5k, then follows a certain increased lack of confidence that causes additional price droppings to become more probable, then people become more worried and then more likely to do the wrong thing, which is selling on the way down, rather than buying on the way down.

Largely, it seems to be the same principle, even if your average cost per BTC is more than $10k, you just remain a bit more nervous that you are "in the red" so you have less ability to just shave off a bit of BTC here and there and still be "in the profits."  Whenever my BTC portfolio was in the red, if I ever happen to spend BTC, then I would always replace those BTC soon after spending them (and even with a bit more), so any funding sources and emergency funds had to be taken from other (non BTC) sources, which is not the case, as long as you are in profits.

When we are in a seemingly extended consolidation period, like this, it seems that we can consider whether we want to increase or to decrease the increments of our trading.  Even though it takes a bit of time, I suppose that I am a bit greedy, because in the past 6 months, I have been decreasing my trading increments in order that the trades trigger more frequently.. but for anyone who would rather not be trading so much or thinking about BTC, they could just re-think their whole approach and really increase their trading increments and end up NOT being bothered with trading between $5k and $12k, for example.. in other words, their next trades would be trigger below or above those prices, and otherwise they are just in a HODL... which could take a decent amount of time to play out (even 3 years.. .hahahahaha).

Maybe that is how a bull slowly transforms into a bear, or goes roach, or BJA?
or turns into something totally different.. .like a bulldog?

When the world realizes it's the joos, bitcoin will go to zero because a permissionless digital token can't even exist. Silver will be the only thing guaranteed to keep its value. Woof, woof!

Ahahahahaha.,....... Looks like an admission to me.

More like an exercise of style ;-)

Style, yes.

Yes, it could take another 3 months to play out to see if one view is more correct than another, or it could take another 3 years.. holy fuck.. hoping that it will not take another 3 years, but it is not an unreasonable (even though seemingly less probable) BTC price dynamic playing out. 

I sure hope it's not going to be 3 years. Honestly, I doubt it will, but what do we know?

Odds seem against three years, and odds seem against 3 months, too, but seems that each are within a similar probabilities range.

[JayJuanGee]

Haha, digged old stuff out - still good and correct.

Small blocks was dictated by the 'best' software devs and a fiat based blockstream, blocking on chain stream.

Bitcoin business devs moved on, since on-chain scaling is provenly possible in the global money world.

Sure, not with Raspis, censure and social engineering, but with decent tech and investment like minres already achieved over last years.

Do you have a BIP?  Or are you merely suggesting that folks here migrate over to bcash, since bcash is surely superior to bitcoin with its segwit and lightning network and other second layer scaling, right?

[JayJuanGee]

So, evolution is only in one direction?  Can't we have evolution from bull to bear, too?

[buyandhold]

Oh go and boil your head.

[Kylapoiss]

which nationality are you, if I may ask?

Estonian.

nice.
one of the most beautiful,civilized countries in the world.

Thank you Sir!

[Robin,Hood]

Some would clam degrading Bitcoin to money status is a criminal offense.
In the few thousand year history, when was the last time Gold "scaled"? Sure it's days are numbered but not because of scaling issues.

[Rosewater Foundation]

Oh go and boil your head.

TIL An insult, roughly equivalent to get lost or in some cases go fuck yourself. As far as I can tell, it is mainly used in Britain.

[buyandhold]

Oh go and boil your head.

TIL An insult, roughly equivalent to get lost or in some cases go fuck yourself. As far as I can tell, it is mainly used in Britain.

I am more concerned that clams are degrading bitcoin. We must act.

[Rosewater Foundation]

Oh go and boil your head.

TIL An insult, roughly equivalent to get lost or in some cases go fuck yourself. As far as I can tell, it is mainly used in Britain.

I am more concerned that clams are degrading bitcoin. We must act.

When was the last time clams scaled? Think about it.

[buyandhold]

Oh go and boil your head.

TIL An insult, roughly equivalent to get lost or in some cases go fuck yourself. As far as I can tell, it is mainly used in Britain.

I am more concerned that clams are degrading bitcoin. We must act.

When was the last time clams scaled? Think about it.

It's a giant problem.
Here's some meditative material while we ponder
Q - HOW DO I STOP CHECKING BLOCKFOLIO EVERY 5 MINS?
A - https://twitter.com/Cryptanzee/status/1023289472329437184

and https://www.youtube.com/watch?v=FhQDsKoMCz0& Missing Boat During Shark Week with Donnie Baker

[realr0ach]

bitcoin will go to zero because a permissionless digital token can't even exist. Silver will be the only thing guaranteed to keep its value. Woof, woof!

It's not possible to create a decentralized digital currency.  The transaction validators are always designed to centralize through interest, economy of scale, the bell curve's effect on integrated circuit creation, foundry startup costs, etc. The fact such a large amount of people actually claim bitcoin is "decentralized" who should obviously know better, only shows the willingness of humanity to lie in order to try and profit off the lie.  So, yes, after all the lies eventually collapse like all lies do, silver and gold will be the only thing left standing.

[Rosewater Foundation]

Everything old is new again
http://reason.com/archives/2018/07/27/markets-in-assassination-everybody-panic
also Silicon Valley to ban workplace cafeterias because local restos are suffering
also ghost printed straws hit the streets

[realr0ach]

Also, for anyone playing my Divinity 2 mod, I released a big v0.44 necromancy update:

https://www.nexusmods.com/divinityoriginalsin2/mods/388

[buyandhold]

Everything old is new again
http://reason.com/archives/2018/07/27/markets-in-assassination-everybody-panic
also Silicon Valley to ban workplace cafeterias because local restos are suffering
also ghost printed straws hit the streets

(1931) twitter/@inthepixels