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

[jojo69]

How is your morning, Gentlemen ?

get your fat ass to the gym Bob

[1561613068]

1561613068

[1561613068]

1561613068

[micgoossens]

How is your morning, Gentlemen ?

get your fat ass to the gym Bob

if he looks like the guy in the pink, than he ain't that fat..... but does he look that way ??

[realr0ach]

https://i.imgur.com/4jFFpvM.jpg

But Hairy the Jewish communist wants a larger, more powerful government.

[Pamoldar]

Rise and shine. The future of Bitcoin


https://twitter.com/Cripto_nautas/status/1092095758252294145/photo/1

[realr0ach]

^How to spot a scammer.  They type something completely delusional like claiming centralized, imaginary, non-fungible shitcoins with built-in middlemen that don't remove counterparty risk will be the world reserve currency instead of physical metals.

[vroom]

[Biodom]

Based on history, you can assert that nobody needs bitcoin; however, we are living in a new world in which the computer and the internet has become a staple of modern human living.  Within these modern changes, bitcoin has the potential to serve a very central role in terms of individual sovereignty and ability to control some of his/her value holdings and transfers.  

You may be having difficulties understanding any "need for bitcoin" because you are trying to downplay the importance of modern living and perhaps you envision a world without modern communications.... perhaps a world in which gold and silver has a role, but since we are moving to a different kind of world and bitcoin has accomplished a kind of paradigm shift in what it is able to provide and likely to provide, you are deluded into thinking that no one needs it, merely because it had not existed before 2009, and really, has not achieved, so far, any kind of significant levels of adoption.

So, yeah, currently, we have a world in which less than  1% of the world has adopted bitcoin in any kind of tangible way, and that level of adoption still remains quite superficial.  Part of the reason to invest into bitcoin continues to be recognizing a vision in which its adoption increases and also it's value and utility will increase along with that.  If you do not hedge into bitcoin in any kind of way, then you will merely have to run after this bitcoin train at a higher price...

Nice write up, merited.

I wonder a little what would happen if a major bitcoin adoption happens through a gigantic LN hub, made by Square, or a few hubs like this.
Perhaps, Square is waiting on bakkt to become operational for the seamless exchange of $ (and other fiat) and bitcoin.

It is possible, but not very likely (considering the the fact that J. Dorsey "likes" bitcoin) that companies like Square will use btc (in LN form) as an underlying transactional mechanism, yet the user would not notice that they actually use bitcoin. In my opinion, this would be detrimental to the cause.

I still think that prioritizing the use of bitcoin in saving/store of value is likelier to result in bitcoin becoming that first (instead of being a transactional unit).

[BobLawblaw]

This is WAY over the line.

I have it in my right mind to piss on one of Jeff Bridges' rugs, after drinking a six pack of Stella.

https://twitter.com/TheJeffBridges/status/1092105472096628736

[VB1001]

Mt.Gox:

Unconfirmed Cointelegraph: CoinLab Increases Mt. Gox Claim from $75 Million to $16 Billion

https://cointelegraph.com/news/unconfirmed-coinlab-increases-mt-gox-claim-from-75-million-to-16-billion?

Cryptoglobe

https://www.cryptoglobe.com/latest/2019/02/coinlabs-mt-gox-claim-jumps-from-75m-to-16-billion-freezing-restitution/

[realr0ach]

It is possible, but not very likely (considering the the fact that J. Dorsey "likes" bitcoin) that companies like Square will use btc

The fact anti-white, anti-western civilization communists like Jack Dorsey (and also people like Ben Bernanke and Larry Summers) are shilling for craptocurrency tells you all you need to know that it's a trap.  If his intentions weren't malevolent, he would have at least shilled for a craptocurrency that mixes outputs and doesn't function entirely as nothing more than a govt tracking system.

[JayJuanGee]

How is your morning, Gentlemen ?

get your fat ass to the gym Bob

if he looks like the guy in the pink, than he ain't that fat..... but does he look that way ??

on the internet, no one knows you are a cat

[bitserve]

Alcohol improves memory, scientists say as study finds drinking helps people recall information

https://www.telegraph.co.uk/news/2017/07/24/alcohol-improves-memory-scientists-say-study-finds-drinking/

I can confirm that.

[Biodom]

Those who are into sci-fi, might be interested to read this:

https://www.reddit.com/r/Bitcoin/comments/amgib1/what_happened_to_the_2013_time_travelers_post_a/

and a followup:

https://www.reddit.com/r/Bitcoin/comments/a59o2v/i_am_the_bitcoin_time_traveler_ama/

Also read  "The Toynbee convector" by Ray Bradbury.

There some interesting nuggets there.

[Dabs]

... like claiming centralized, imaginary, non-fungible shitcoins with built-in middlemen that don't remove counterparty risk ...

I forgot, how is it centralized, imaginary, non-fungible and what are the built-in middlemen that don't remove counterparty risk?

(sorry for feeding the resident troll, sometimes I need a reminder what his mindset is.)

[JayJuanGee]

Based on history, you can assert that nobody needs bitcoin; however, we are living in a new world in which the computer and the internet has become a staple of modern human living.  Within these modern changes, bitcoin has the potential to serve a very central role in terms of individual sovereignty and ability to control some of his/her value holdings and transfers.  

You may be having difficulties understanding any "need for bitcoin" because you are trying to downplay the importance of modern living and perhaps you envision a world without modern communications.... perhaps a world in which gold and silver has a role, but since we are moving to a different kind of world and bitcoin has accomplished a kind of paradigm shift in what it is able to provide and likely to provide, you are deluded into thinking that no one needs it, merely because it had not existed before 2009, and really, has not achieved, so far, any kind of significant levels of adoption.

So, yeah, currently, we have a world in which less than  1% of the world has adopted bitcoin in any kind of tangible way, and that level of adoption still remains quite superficial.  Part of the reason to invest into bitcoin continues to be recognizing a vision in which its adoption increases and also it's value and utility will increase along with that.  If you do not hedge into bitcoin in any kind of way, then you will merely have to run after this bitcoin train at a higher price...

Nice write up, merited.

I wonder a little what would happen if a major bitcoin adoption happens through a gigantic LN hub, made by Square, or a few hubs like this.
Perhaps, Square is waiting on bakkt to become operational for the seamless exchange of $ (and other fiat) and bitcoin.

It is possible, but not very likely (considering the the fact that J. Dorsey "likes" bitcoin) that companies like Square will use btc (in LN form) as an underlying transactional mechanism, yet the user would not notice that they actually use bitcoin. In my opinion, this would be detrimental to the cause.

I still think that prioritizing the use of bitcoin in saving/store of value is likelier to result in bitcoin becoming that first (instead of being a transactional unit).

Of course, I agree with the importance of the storage of value aspect of bitcoin, even if there continues to be relatively short term periods of volatility (up to 5 years, even) in which bitcoin's storage of value is questioned.

Personally, I don't find transactional use cases to be really detrimental to bitcoin's cause, whether individuals are using their own BTC to transact or whether institutions are using BTC in the background to transmit.  Either way, additional demand is placed on bitcoin.  Overall, if any person(s) ate either attempting to claim that they are a BTC HODLer and accumulator, then they should be replacing any BTC that they spend in a reasonably timely manner (let's say within weeks of their sale of some of their BTC).

Most of us HODLers participating in this thread likely recognize, already, that some of the value gravitation towards bitcoin could take a long ass time to play out.  Of course, many of us would like to rush such value gravitation towards bitcoin in order that we are able to personally benefit more quickly and to even remove ourselves from aspects of the ratt race.  

Furthermore, there may be some of us, such as myself, who feel that BTC has already sufficiently caused enough marginal personal value to remove me from the ratt race, even when only a portion of my value was placed into BTC, but BTC's price appreciation has been enough to cause a meaningful difference and cushion.  Of course, such cushion felt way better in the supra $10k price territories than it does in these current mid $3k price territories.

Even if some WO HODLers have not gotten to a stage in which their HODLings allows them to comfortably remove themselves from the ratt race, keeping on accumulating or at least HODLing what you got is likely going to bring such increasing abilities for more and more of us to remove ourselves.  That is the continued likely gravitation of value into BTC, and surely guys and gal here, would prefer scenarios of achieving such victories in less than 2 years, two years does seem to be a decently likely good timeline, too, but mentally and financially, this category of peeps should be prepared that the scenario could take longer to play out - but anyone with a BTC investing time preference of 5-10 years in the future has really decent odds of such time preference to pay off decently handsomely by continuing to HODL and accumulate BTC.

My long way of saying that BTC is likely going to take over both storage of value talking points and transactional talking points, even though there is also likely going to be a variety of distracting other projects and coins out there, including ongoing shilling of PMs that are losing some of their relative (compared to bitcoin - namely divisibility, portability, verification) use cases in the modern world.

Thanks for the merit, by the way.

[JayJuanGee]

Mt.Gox:

Unconfirmed Cointelegraph: CoinLab Increases Mt. Gox Claim from $75 Million to $16 Billion

https://cointelegraph.com/news/unconfirmed-coinlab-increases-mt-gox-claim-from-75-million-to-16-billion?

Cryptoglobe

https://www.cryptoglobe.com/latest/2019/02/coinlabs-mt-gox-claim-jumps-from-75m-to-16-billion-freezing-restitution/

Perhaps, even the willingness for the court to delay disbursements based on these kinds of outrageous adjusted claims, there is some lacking in good faith for the court to actually accomplish justice to reimburse and disburse claims to legitimate claimants?

[JayJuanGee]

... like claiming centralized, imaginary, non-fungible shitcoins with built-in middlemen that don't remove counterparty risk ...

I forgot, how is it centralized, imaginary, non-fungible and what are the built-in middlemen that don't remove counterparty risk?

(sorry for feeding the resident troll, sometimes I need a reminder what his mindset is.)

Welcome back Dabs.

His mindset (to the extent a mind is present?) is to spew out non-substantiated disinformation-filled talking points.    

[Dabs]

I actually want him to answer. I've been around. I suffered a lot during the last 3 to 6 months, as all my holdings were in assorted alts, and everything crashed together with BTC.

To the point, I'm now entering the "normie" world, working a "normie" job, as I refuse to sell any coins I still have. I lost some too, to two exchanges that recently died. Perfect timing. One is in New Zealand, the other is in Canada, you can guess which two exchanges, they were all over the news 1 week after I sent them some coins to try to cash out.

My formerly unrealized potential 50 BTC ... (that's all I really had) is down to ... well 90% "disappeared" ...

But the time traveler, and a bunch of "bitcoin global road map" posts I read before, I'm pretty optimistic about the future. And I still have two bars of silver, LOL. (Didn't get gold yet.)

I was one of those few living on crypto. 12 months ago, I set myself up to do the trading of these alts to btc to fiat and back and forth, and it was a good run for about 9 months.

Now it's no longer sustainable. I think I read in the news at least two or three foundations of other alts that are either downsizing or simply disappearing, or asking another team to take over. I felt it on a personal level.

And as much as I don't want to beg, any help is appreciated. I was almost afraid of going homeless next month. True story.

HODL to the death.

[ðºÞæ]

Those who are into sci-fi, might be interested to read this:

https://www.reddit.com/r/Bitcoin/comments/amgib1/what_happened_to_the_2013_time_travelers_post_a/

and a followup:

https://www.reddit.com/r/Bitcoin/comments/a59o2v/i_am_the_bitcoin_time_traveler_ama/

Also read  "The Toynbee convector" by Ray Bradbury.

There some interesting nuggets there.

The white supremacist Author, or just coincidence.
https://en.wikipedia.org/wiki/Luka_Magnotta

Things are looking bleak here, and some of you will carry blood on your hands.

I personally live next to an annoying young.....

[bitserve]

I actually want him to answer. I've been around. I suffered a lot during the last 3 to 6 months, as all my holdings were in assorted alts, and everything crashed together with BTC.

To the point, I'm now entering the "normie" world, working a "normie" job, as I refuse to sell any coins I still have. I lost some too, to two exchanges that recently died. Perfect timing. One is in New Zealand, the other is in Canada, you can guess which two exchanges, they were all over the news 1 week after I sent them some coins to try to cash out.

My formerly unrealized potential 50 BTC ... (that's all I really had) is down to ... well 90% "disappeared" ...

But the time traveler, and a bunch of "bitcoin global road map" posts I read before, I'm pretty optimistic about the future. And I still have two bars of silver, LOL. (Didn't get gold yet.)

I was one of those few living on crypto. 12 months ago, I set myself up to do the trading of these alts to btc to fiat and back and forth, and it was a good run for about 9 months.

Now it's no longer sustainable. I think I read in the news at least two or three foundations of other alts that are either downsizing or simply disappearing, or asking another team to take over. I felt it on a personal level.

And as much as I don't want to beg, any help is appreciated. I was almost afraid of going homeless next month. True story.

HODL to the death.

JFC! When I just saw you came back I took that as a bullish signal. I remember you were wise enough to convert all (or most) of your alts into BTC at the end of the bull market raising your BTC count to a whooping 50. I was not that wise and.... you know what happened to most alts. What did you do with your 50BTC? Did you rebuy into alts?