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

[Ibian]

Debt is a large part of the problem with the modern economy.

Agreed...

Maybe it's time to rethink if it should even be legal to make money simply by lending it on an industrial scale.

Criminalize voluntary behavior? I don't think so.

Especially when it is fabricated out of thin air.

I think you finally arrived at what the problem is. When banks lend money (at least here in the US), the overwhelming majority of that money is zapped into existence by the mere act of writing the loan. And the bank gets to later collect not only the interest, but indeed the principal thusly created. Which, while being an advantage to the bank conferred by law, would not be immoral in and of itself. The immorality is due to the fact that the writing of a loan does not create wealth (products, services, materials, etc) at the same time that it creates money. Accordingly, more money ends up sloshing around the system chasing the same amount of tangible wealth. Which devalues all money extant previous the loan. The purchasing power of the money loaned into existence is thusly stolen from the purchasing power of the money that existed before the loan was written. This is a very real theft of purchasing power from the people at large. And is the true evil of the partial reserve banking system, as encoded into law.

Absolutely totally true. Merited for truth.

Funny thing is that it can also work to your advantage. I pay less then inflation for my mortgage. Also hardly any costs for energy because of solar panels and system that pumps up warm water (which conversely cools my house in the summer). Basically living for free, I only have to pay insurance and maintenance.

And about rethinking if lending (on an industrial scale) should be legal, at least there's one thing that Ibian and Islamic scholarship agree on. Always good if people find common ground!

Also christianity, in older times. That's why jews were money lenders, christians were not allowed to do it.

[JayJuanGee]

Satoshi Nakamoto deserves:

- Nobel Prize in Economics
- Nobel Peace Prize
- Nobel Prize in Physics

But thankfully the last thing Satoshi needs is the validation of the establishment.

https://twitter.com/misir_mahmudov/status/1107734439285669888?s=21

What a man satoshi is .....

I can see peace and Economics, but why Physics?

May be ask the twitter account 🙂

This is not "the twitter account."  In other words, shouldn't posters take some kind of responsibility for ideas that they post?  Analysis anyone?

[JayJuanGee]

Another variation of the 2012-2015 vs 2016-2019 Bitcoin price chart.  This time with 200 day moving average and Mayer Multiple.

#Bitcoin $BTC #BitcoinCharts


via Imgflip Meme Generator

https://twitter.com/chartsbtc/status/1107680912722939904?s=21

I like this chart

Could you add 2020 to 2023 on the chart 

It's already there.

You go back to the beginning and add the red part from the beginning onto the blue part on the end.  Viola!!!!

[Phil_S]

Yay 4000.

That's more like it!

[El duderino_]

volume could be higher. but increasing price on low volume is bullish, isn't it?

Patience.

Close your eyes.

Breathe deeply.

Listen to the universe breathing.

HODL.

Amen to that HODL

Though its the same for me with my eyes width open 

*i’m not far from changing my name into HODL

[goldkingcoiner]

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

[JayJuanGee]

Hello?  What is thing cryptocurrency that you talk about?

The biggest use case Bitcoin currently have. Altcoin trading.  It says $13b volume but this research is saying only $2b is not fake. Is this clear enough or I need to do a more detailed explain?

Yes.  I understand, you are presenting this information for the good of WO participants.  Thank you for that.  Accordingly, it seems clear that you don't need to explain any further why you cited a tweet of an article that failed to distinguish bitcoin from crypto currencies, and you are feeling self-righteous about that.  You go girl.

In this thread, we appreciate that kind of foggy presentation of bitcoin/crypto or whatever information.  

In other words, it is very enlightening for you to have already pointed out that bitcoin is not necessarily distinguishable from crypto and hardly has any reason for being distinguished from crypto, because "crypto" is so important in the whole life and meaning of bitcoin these days.

I even heard that Infofront was considering changing the name of this thread to crypto observer, because participants here are starting to be unable to attempt to focus on bitcoin anymore.. Therefore, may as well just go with the flow, not fight the trend and engage in the same kind of fuzzy thinking here too.  

Sucks to be a subsumed bitcoin, these days, no?  

[xhomerx10]

Debt is a large part of the problem with the modern economy.

Agreed...

Maybe it's time to rethink if it should even be legal to make money simply by lending it on an industrial scale.

Criminalize voluntary behavior? I don't think so.

Especially when it is fabricated out of thin air.

I think you finally arrived at what the problem is. When banks lend money (at least here in the US), the overwhelming majority of that money is zapped into existence by the mere act of writing the loan. And the bank gets to later collect not only the interest, but indeed the principal thusly created. Which, while being an advantage to the bank conferred by law, would not be immoral in and of itself. The immorality is due to the fact that the writing of a loan does not create wealth (products, services, materials, etc) at the same time that it creates money. Accordingly, more money ends up sloshing around the system chasing the same amount of tangible wealth. Which devalues all money extant previous the loan. The purchasing power of the money loaned into existence is thusly stolen from the purchasing power of the money that existed before the loan was written. This is a very real theft of purchasing power from the people at large. And is the true evil of the partial reserve banking system, as encoded into law.

Absolutely totally true. Merited for truth.

Funny thing is that it can also work to your advantage. I pay less then inflation for my mortgage. Also hardly any costs for energy because of solar panels and system that pumps up warm water (which conversely cools my house in the summer). Basically living for free, I only have to pay insurance and maintenance.

And about rethinking if lending (on an industrial scale) should be legal, at least there's one thing that Ibian and Islamic scholarship agree on. Always good if people find common ground!

Also christianity, in older times. That's why jews were money lenders, christians were not allowed to do it.

 Christians could always lend but never charge usury (which originally was considered any interest rate).  Muslims under sharia law are also forbidden from this practice.

[HairyMaclairy]

I have some knowledge of sharia law compliant lending and it’s all bullshit. There is principal and interest but it is dressed up as something else.  For example, sharia law allows rent.  So when you buy a house you sell the house to the bank and the bank charge you rent on that house.   When you have paid an amount equivalent to a mortgage the bank gives you the house for free.  It’s exactly the same as a mortgage with the same amortization tables - it’s just sharia compliant by adding an extra step of selling the house to the bank and then the bank giving you the house back for free.  Which is not that different from the bank taking the title in a mortgage and handing the title back when the mortgage is repaid. 

So it’s all complete rubbish but some shah gets paid $5 for waving a magic wand and saying the lending arrangement is sharia compliant. 

[LFC_Bitcoin]

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

I dunno man, $4,000 still acting as a tough nut to crack.

[StephenJH]

Really it will take so long to cross 4000$ level? Comon, do something, bitcoin

[LFC_Bitcoin]

I have some knowledge of sharia law.....and it’s all bullshit.....snip

FTFY

[Globb0]

Interpret the graphic simply, 3 years green / 1 year red, you already know what's coming now.

https://twitter.com/ChartsBtc/status/1106659121774813184

I’m listening....

Edit - Worth mentioning the 3rd green year of those 2 cycles is a proper moon shot so in this cycle that’ll be 2021?

Big ups separated by 1 year then 3 years, what's next? is it 9 years separated then a big one?


You could see lots of thigs here I suppose

[rdbase]

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

I dunno man, $4,000 still acting as a tough nut to crack.

I see it at $3999 on preev rate site for the past hour and it hasnt budged.
It is as if it is tickling the $4000 price just to tease us all waiting for it to cross the border.

[LFC_Bitcoin]

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

I dunno man, $4,000 still acting as a tough nut to crack.

I see it at $3999 on preev rate site for the past hour and it hasnt budged.
It is as if it is tickling the $4000 price just to tease us all waiting for it to cross the border.

Must be whales selling at just over 4k, trying to push the price down. $4,000 in the long run means nothing but maybe they’re trying to use it as a psychological sell point to scare small time people into also selling at $4,000.

[Ibian]

Debt is a large part of the problem with the modern economy.

Agreed...

Maybe it's time to rethink if it should even be legal to make money simply by lending it on an industrial scale.

Criminalize voluntary behavior? I don't think so.

Especially when it is fabricated out of thin air.

I think you finally arrived at what the problem is. When banks lend money (at least here in the US), the overwhelming majority of that money is zapped into existence by the mere act of writing the loan. And the bank gets to later collect not only the interest, but indeed the principal thusly created. Which, while being an advantage to the bank conferred by law, would not be immoral in and of itself. The immorality is due to the fact that the writing of a loan does not create wealth (products, services, materials, etc) at the same time that it creates money. Accordingly, more money ends up sloshing around the system chasing the same amount of tangible wealth. Which devalues all money extant previous the loan. The purchasing power of the money loaned into existence is thusly stolen from the purchasing power of the money that existed before the loan was written. This is a very real theft of purchasing power from the people at large. And is the true evil of the partial reserve banking system, as encoded into law.

Absolutely totally true. Merited for truth.

Funny thing is that it can also work to your advantage. I pay less then inflation for my mortgage. Also hardly any costs for energy because of solar panels and system that pumps up warm water (which conversely cools my house in the summer). Basically living for free, I only have to pay insurance and maintenance.

And about rethinking if lending (on an industrial scale) should be legal, at least there's one thing that Ibian and Islamic scholarship agree on. Always good if people find common ground!

Also christianity, in older times. That's why jews were money lenders, christians were not allowed to do it.

 Christians could always lend but never charge usury (which originally was considered any interest rate).  Muslims under sharia law are also forbidden from this practice.

And look how well they are doing! We are not invading their lands, they are invading our lands!

Their countries are complete shitholes by our standards. But they are winning the war. Insofar as life has value, they are winning and we are losing.

Does life have value?

[xhomerx10]

[Yaplatu]

[bitcoinPsycho]

Kill joy  

[El duderino_]

Kill joy  

Why... sooner or later it Will not repeat and go UP
Always think why not now

Once BULL always BULL