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

[jbreher]

You make a good point.  

https://search.savills.com/list/castles-for-sale/uk

They look to all be follies, but amusing ones. 

Oh great. Now I wanna buy a castle. In a foreign land, even.

[jbreher]

Monday

• Wake up - See BTC price is down
• Get pulled over by police on motorway for speeding - Points & a fine coming now

Could today get any worse?

Don't ask. Not wise to tempt fate. Often waves of three.

[Last of the V8s]

Wait till LFC informs his insurance company

[LFC_Bitcoin]

Wait till LFC informs his insurance company

I’ve already got 3 points.

I got caught speeding last year but was able to pay £100 to do a speed awareness course to avoid any further points.
Today I was doing 90mph on the motorway (as you know it is 70mph limit).
 
Any way this will be another 3 points & £100 fine so that’s 6 points now. If you get 12 points you get a driving ban but November 2019 the oldest 3 points drop off my license.

There is a solution to all of this - STOP SPEEDING!

When is bitcoin going to moon though, I might need a 24/7 chauffeur at this rate

[Last of the V8s]

fuck the pokemon police

[jbreher]

I can name 3000 coins that literally came out of my ass that can do the same thing.

No you can't.

There is only one bitcoin, and when push comes to shove (for example if they were under government attack or traditional banking attack), all 3,000 of those supposed coins that you cannot even list would not have liquidity or network (node) effects to accomplish such with impunity like bitcoin can.

What? Muster up the measly 2.8 million US dollars of total aggregate system-wide value that the LN contains? Au contraire, mon frere.

[cAPSLOCK]

I can name 3000 coins that literally came out of my ass that can do the same thing.

No you can't.

There is only one bitcoin, and when push comes to shove (for example if they were under government attack or traditional banking attack), all 3,000 of those supposed coins that you cannot even list would not have liquidity or network (node) effects to accomplish such with impunity like bitcoin can.

What? Muster up the measly 2.8 million US dollars of total aggregate channel value that the LN contains? Au contraire, mon frere.

And then do *what* exactly with your DOGE, BSV, DENTACOIN, etc?  Take it down to your local Iranian Western Union.. wait no... that won't work.  Ah yes... get on localbsvcoins/iran?  Wait ... no that won't work either.

[Last of the V8s]

He doesn't give any fucks https://twitter.com/CryptoHayes/status/1102617809937416192

some good memes in thread eg


or somewhat manic or power trippy

[Biodom]

#bitcoin chart update: 14 months to halving. Note that 2011 bottom was at 12 months, and 2015 bottom at 10 months before halving .. 🚀

https://twitter.com/100trillionUSD/status/1102122695683133440

I want to challenge the main premise here.
BTC bottomed up on Jan 14 2015, NOT in August of 2015.
The preponderance of evidence says it:

1. Daily closing was higher on ALL exchanges on Aug 24 vs Jan 14, 2015.
2. Only one or two exchanges had a deep plunge on Aug 24, 2015. In fact the LOWEST average exchange price on that day is $196.26 in comparison with $157.29 on Jan 14.
https://finance.yahoo.com/quote/BTC-USD/history?period1=1420351200&period2=1443934800&interval=1d&filter=history&frequency=1d

Conclusion: The fact that ONE exchange (was it stamp or finex, I don't remember) was affected intraday is totally irrelevant.
Recorded BTC index price for that day (Aug 24) shows $196.26 intraday low, so this should be sufficient.

Moving on to authors conclusions:

2012 low was 12 mo before halving

2015 low was almost 18 mo before halving on July 10, 2016 (and not 10 mo as per author's assertion).

Counting from Dec 14 2018 local low, next halving would be in about 18 mo after low, which would actually fit the lengthening trend very well (12, 18, 18).

TL;DR The author suggests a shrinking lead time, which is not supported by anything except an intraday low on one exchange.

[JayJuanGee]

I can name 3000 coins that literally came out of my ass that can do the same thing.

No you can't.

There is only one bitcoin, and when push comes to shove (for example if they were under government attack or traditional banking attack), all 3,000 of those supposed coins that you cannot even list would not have liquidity or network (node) effects to accomplish such with impunity like bitcoin can.

What? Muster up the measly 2.8 million US dollars of total aggregate system-wide value that the LN contains? Au contraire, mon frere.

I am referring to bitcoin as a package, and lightning is one optional and supplemental component of such bitcoin package.  Don't get LN mixed up with the real bitcoin, jbreher, as I know you like to convolute your facts/arguments in order to make nonsensical points in order to pump other shit (as if there were some other shit out there, that matters, besides bitcoin).  In other words, you might want to join sirsplashalot in the fucking off portion that I mentioned in my earlier post (the part that you conveniently edited out).... 

[infofront]

...... 
Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

Whoa! A plethora of bottoms in that wordy pile and not even one nice bottom meme?

Hold my beer, I got this, man.

WTF is this? Is that part of a human?

[HairyMaclairy]

Fox News had proof of Stormy Daniels before the election but the story was stopped because “Murdoch wants Trump to win”.  

Good reporting, kiddo. But Rupert [Murdoch] wants Donald Trump to win. So just let it go," LaCorte reportedly said.

https://thehill.com/homenews/media/432430-fox-killed-stormy-daniels-hush-money-report-before-election-new-yorker

The reporter who uncovered the story was demoted and then paid out by Fox News in a confidential settlement in return for staying silent about Trump. 

[LFC_Bitcoin]

...... 
Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

Whoa! A plethora of bottoms in that wordy pile and not even one nice bottom meme?

Hold my beer, I got this, man.

WTF is this? Is that part of a human?

I think it’s r0ach’s date for the weekend.

[JSRAW]

I think it’s r0ach’s date for the weekend.

r0ach is a famous person troll here in this thread?

I enjoy reading everyone here.

[LFC_Bitcoin]

I think it’s r0ach’s date for the weekend.

r0ach is a famous person troll here in this thread?

I enjoy reading everyone here.

Correct

[JSRAW]

Second Brexit

They count the state of Washington as a "colony"? It has the word "Washington" in it.

Also I'm not sure I would count Antarctica unless we are talking about penguin colonies.

Yup, but any Brit can jump in for final confirmation.

I do remember the incident when British Embassy gave them "burning cake" or something on the 4th of July( i could be wrong here). it's possible i guess. British humor  

And I don't know anything about penguin colonies.

Correct

BCH fan?

[BTCMILLIONAIRE]

... taxing corporates like IKEA that make billions but haven’t paid a pound in tax since 1976.

We have been over this Hairy.

No corporation has ever paid one iota of tax in history.  You are welcome to your opinion on brexit, but trotting out this weak sauce isn't helping your cause.

And they fucking shouldn't. Everybody who receives a paycheck is already paying half of it in taxes. Not sure why socialists are so much into not even just double taxation and actually thinking they're doing something good.

Hey, let's take 20% in corporate tax, 50% of every paycheck and then an additional 20% VAT on every purchase and thus take well over 70% of everything earned and throw it at worthless inefficient garbage that does more harm than good.

But then let's complain about Brexit and some scientists losing their jobs, as if that was the problem. If governments weren't pure evil we would have healed all diseases and completely removed poverty right now, even for all the worthless leeching cunts that don't deserve anything.

[BTCMILLIONAIRE]

It's more than that Elwar.

ALL tax levied on corporations simply becomes a line item in COGS and is added to the price of it's product.

Consumers pay taxes, full stop.

Cherry picking.

You can not have one (consumers) without the other (corporations).

Consumers don't just magically have money, they earn it by working for (or running) corporations.

And their paycheck comes from corporations. Thus from consumers.

Consumers pay themselves and build corporations to increase their consumption.


Trying to credit taxes paid to either party is patently false and ignores the underlying reality of our society. Which is also why trying to target tax corporations vs consumers is just retarded tribalism in a new disguise created by government propaganda, the only party that takes 70-80% of everything humans create and then quite literally burns the vast majority of it.


Edit: In case you want to keep your distinction between consumers and corporations then factually corporations pay all taxes (including your income tax).

[jbreher]

I can name 3000 coins that literally came out of my ass that can do the same thing.

No you can't.

There is only one bitcoin, and when push comes to shove (for example if they were under government attack or traditional banking attack), all 3,000 of those supposed coins that you cannot even list would not have liquidity or network (node) effects to accomplish such with impunity like bitcoin can.

What? Muster up the measly 2.8 million US dollars of total aggregate system-wide value that the LN contains? Au contraire, mon frere.

I am referring to bitcoin as a package, and lightning is one optional and supplemental component of such bitcoin package. 

Good for you. But the topic is #LNTrustChain -- which is clearly specific to Lightning.

Don't get LN mixed up with the real bitcoin

Thanks for the injection of reality. Although every time I point out that Lightning is not Bitcoin, a buncha nattering nabobs jump down my throat.

[wachtwoord]

It's more than that Elwar.

ALL tax levied on corporations simply becomes a line item in COGS and is added to the price of it's product.

Consumers pay taxes, full stop.

Cherry picking.

You can not have one (consumers) without the other (corporations).

Consumers don't just magically have money, they earn it by working for (or running) corporations.

And their paycheck comes from corporations. Thus from consumers.

Consumers pay themselves and build corporations to increase their consumption.


Trying to credit taxes paid to either party is patently false and ignores the underlying reality of our society. Which is also why trying to target tax corporations vs consumers is just retarded tribalism in a new disguise created by government propaganda, the only party that takes 70-80% of everything humans create and then quite literally burns the vast majority of it.


Edit: In case you want to keep your distinction between consumers and corporations then factually corporations pay all taxes (including your income tax).

All completely true except for your last point as you're forgetting about personal wealth taxes, estate taxes,  capital gains taxes (on real estate and commodities), stamp duties etc.