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

[Raja_MBZ]

As if the value of imaginary, valueless shitcoins should be worth more than....the entire Walmart franchise that has a giant physical building on the corner of every town in America.

What if...

1) Walmart suddenly reports a very less generated revenue OR is not speaking the truth regarding the generated revenue of each year? You simply can't track the revenue which they make on each product they sell (as there's no blockchain involved). OTOH, I can track my shitcoin's development with complete transparency (like at Github) and the transactions through explorer.

2) the people/customers start preferring online/e-stores instead of shiny giant physical stores for their comfort? What the hell will those giant buildings do for you then? They'll only start making awful losses through bills, salaries and taxes. Stuff (ready-to-be-delivered) can be stored safely at 1/12th space of buildings like those, which will make the remaining 11/12th space totally useless. If you own a little valueless share of Walmart, you can't make them sell their building. OTOH, I can develop my shitcoins in any way I want no matter how much of it I own, simply forking can make me drive the development, and whoever would like my style of driving it, can sit behind me.

Get digital man, it's time to digitize. I do admit that digital currencies can't replace your traditional assets like Gold & Silver, but they're way better than worthless fiat, specially the coins that are truly decentralized.

[1685306510]

1685306510

[1685306510]

1685306510

[mymenace]

Trap closed, Roger's gone
Hurt some close friends he did.
Wild swings to continue, up and down, back and forth

so sad, no moon, remember November

Bye ZEC

[fabiorem]

Since we are going back to the 5000s, I ask the bears, please, do something more decent this time. Lets go to $4888. Why postpone it? Lets go there already.

[Last of the V8s]

https://twitter.com/nford/status/1027282646739689472
#homophobia #instagay #csw #rose #ruinaet @ProfFaustus #racist #sexist #bch #bitcoincash #crypto
-pic is nsfl
-thread is nsfw

[fabiorem]

Bcash lol.

[Hueristic]

https://twitter.com/nford/status/1027282646739689472
#homophobia #instagay #csw #rose #ruinaet @ProfFaustus #racist #sexist #bch #bitcoincash #crypto
-pic is nsfl
-thread is nsfw

When was it ever?

[realr0ach]

specially the coins that are truly decentralized.

It is not possible to create a decentralized digital currency.  Stop repeating this lie pushed by fly by night motivational speakers/used car salesmen scammers like Andreas Antonopolous.  Transaction validators are ALWAYS designed to centralize through interest, or economy of scale, or capital reqs for creating a foundry, the bell curve's effect on ASIC design, and a million other centralizing variables.  Silver and gold DO NOT have centralized transaction validators. Shitcoins do.  They are not "money", they're solely a system of control.

Gold =       Money of kings
Silver =     Money of gentlemen
Copper =   Money of peasants
Fiat =        Money of slaves
Shitcoins = Money of barcoded cattle

[El duderino_]

^
BITCOIN=emperors money then ?? special elite ?? new people of the world or where do BITCOINERS put them self i know its on top of the pyramid but how do you wanna call us DO not say nazi's or something 

[realr0ach]

^bitcoins fall under the same category as shitcoins.  I.E. an artificial scarcity scam just like fiat.

[JayJuanGee]

I think that your memes made your point pretty well, even though I disagree with the concept of shorting bitcoin, especially after it already experienced nearly a 30% dip within about 2 weeks. It neither seems to be a good personal strategy nor good for bitcoin... yet I understand that personal strategy might be the only one that matters to a lot of people who just want to make money, but even on that basis, it seems a bit of a gamble to bet on DOWN after a relatively fast correction.

 On the other hand, if someone had been betting on DOWN when the price went up 30% in almost the same amount of time, that would have seemed to like a more practical and realistic bet (even though I personally don't engage in any kind of margin trading of bitcoin).

Already 3 days on the fall play.And very successful. I know that there will be growth, but later. Now many people say that bitcoin has fallen heavily, what this is the end. But this is not so, year ago it was twice cheaper. It's just that people want great growth and eternal "that's moon", especially beginners. But this is impossible.

We don't disagree about the likelihood that bitcoin is going up in the long term.  I am just quibbling with any suggestions that it would be a good idea to short (or even sell bitcoin) after it has already made a nearly 30% correction.  Such play might work, but the odds for success do not seem great.

[El duderino_]

I think that your memes made your point pretty well, even though I disagree with the concept of shorting bitcoin, especially after it already experienced nearly a 30% dip within about 2 weeks. It neither seems to be a good personal strategy nor good for bitcoin... yet I understand that personal strategy might be the only one that matters to a lot of people who just want to make money, but even on that basis, it seems a bit of a gamble to bet on DOWN after a relatively fast correction.

 On the other hand, if someone had been betting on DOWN when the price went up 30% in almost the same amount of time, that would have seemed to like a more practical and realistic bet (even though I personally don't engage in any kind of margin trading of bitcoin).

Already 3 days on the fall play.And very successful. I know that there will be growth, but later. Now many people say that bitcoin has fallen heavily, what this is the end. But this is not so, year ago it was twice cheaper. It's just that people want great growth and eternal "that's moon", especially beginners. But this is impossible.

We don't disagree about the likelihood that bitcoin is going up in the long term.  I am just quibbling with any suggestions that it would be a good idea to short (or even sell bitcoin) after it has already made a nearly 30% correction.  Such play might work, but the odds for success do not seem great.

Why ever see btc Going from 6200 to 8000 and sell.... only super fools would sell ..... to gain what ?
And @ what risk or am i wrong ?

[jojo69]

possibly kathy gfeller

that will do nicely

now where did I put my white lab coat?

[lightfoot]

Wikipedia describes Andretti as living in Pennsylvania, and his activites seem to me around that location.. not in Las Vegas.

Are you saying that Andretti is currently in Las Vegas or are you getting his "driving instruction" via video, simulation or fraud (maybe what you got is something like Roger Ver acting as the "real Andretti?)?

Nope, he was here. And in the Pics or it didn't happen:

Mario Brother.


I fucking fit in these Lambos. Barely.


Twin-Turbo Ferrari's are much more roomy.


And yeah, he totally fucking trounced our track scores in the 911.....

[realr0ach]

Why ever see btc Going from 6200 to 8000 and sell.... only super fools would sell ..... to gain what ?
And @ what risk or am i wrong ?

None of you should sell right now.  If the SEC "delay" is just a Jew scam shakeout, I want you all to have millions of coins to dump on the Jews if they approve an ETF after.  Of course...if it's denied, which it would be in any rational world when the price is entirely controlled by the fraudulent exchange Bitfinex...then oh well.

[lightfoot]

All that said, if I had a Lambo I would gladly trade it in for bitcoins at 6k a coin. Couple of months buy it back with some bitcoin dust.

HODL.

[smartcomet]

BTC Dominance: 49% .
Will see 50% this month?

https://twitter.com/real_vijay/status/960595754149531648
Feb-5-2018

5/ Bear market bottoms are formed after prolonged periods of false rallies, increasing disinterest and eventual apathy. The mindset is "I give up, I'll look for returns elsewhere". It also coincides with a dwindling of media interest.

6/ Sadly, we're not there yet and may not be for many months. I think it is unlikely we will wait for years, however, since the fundamentals of Bitcoin - security, usability, liquidity - are all improving rapidly.

10/ And if you speak with kids today, you will find that very few of them are interested in gold, but almost all of them know about (or own) Bitcoin. That alone tells you the future. Bitcoin WILL overtake gold in market capitalization eventually.

11/ So whether the bear market lasts a few months, or even a few years, Bitcoin is still massively undervalued today.

[Elwar]

The takeaway here is that over the long term bitcoin will prevail even alt coins jump during bull runs. There will be less and large bull runs with adoption and thus BTC will trend toward 100% dominance.

[Biodom]

Here is a short take on generations, inflation, btc and gold (with numbers)

Boomers, were born in 1946-1964, with 1955 in the middle of the cohort.
A massive generation (in numbers).
inflation spiked between 1973 and 1980 with 1980 max when interest rates on cash were around 14% (range of 18-25 years from boomer's medium, max at 25 years).
Gold maxed out 25 years after boomers mid (1980).

Millennials (also massive in numbers), were born in 1985-2004 with 1994-1995 in the middle of the cohort.
with each generation lifespan is increasing a bit, so maybe add 2-3 years to the timeline, therefore

Prediction:

Inflation would spike between 21-28 years from the millennial medium aka at around 2016-2023 with around 2023 longterm peak in interest rates (obviously interest rates are already rising since 2016, so it fits).
Instead of gold, millennials would hopefully choose bitcoin, which should peak around 2023 as well (100K, 500k, 1000K, hard to say).
Later projections are difficult because gold faded in the 80ies, yet bitcoin might have/should have staying power.

Cash (in short term bonds, re-investing every time at maturity)+btc is probably the best combo.

Stock market would at best go nowhere in the next 5-10 years if interest rates climb; why do you think E. Musk wants to go private? Because he can't borrow at reasonable rates and selling declining stock is a bad idea.

Same for the real estate. Crashes are possible.

At around 2023, I would convert some portion of btc to long term bonds, which should (at that point) give at least 10% yield, maybe more, would not even need to bother with the stock market.

One relevant conclusion: whatever you do, do not buy annuities and don't believe any pension numbers (of those that don't have a a reasonable COLA).

[Searing]

I'm 100% behind this statement!

Funnily enough I just got off the phone to a pal who told me he knows someone who 'lost' 400 grand in Bitcoin and had a nervous breakdown. He couldn't tell me whether he sold or not.

If anyone got in expecting eternal gains then they're a fuckstick. There's lots of rich history of utter ruination to draw on now. If at this point you're taken totally by surprise by a grinding downturn then you clearly haven't read anything beyond the 'buy' on the buy button.

I am more in the HODL and HODL camp (since 2015) ...thus probably 'deluded' but 'deluded is how I roll'

[provalentine]

One relevant conclusion: whatever you do, do not buy annuities and don't believe any pension numbers (of those that don't have a a reasonable COLA).

I think that now only assholes and fooled old men pay a pension tax. It would be infinitely good if there was an opportunity to return the taxes paid ...