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

[Toxic2040]

whoops..wrong graph

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[Ibian]

bitcoin provides utility through its ability to permissionlessly transport value anywhere

100% Wrong.  It's impossible for something to qualify as money unless it qualifies as an actual non-perishable commodity beforehand and none of those can be transferred over a telephone cord.  "Bitcoins" are simply worthless timestamps; it's a fake commodity.  You're trying to push the fraudulent, Keynesian, Plato school of money that money can be a completely arbitrary, imaginary widget disconnected from the physical world.  Plato was a Keynesian statist and the jibberish you're pushing is inherently the exact same statist position in essence.

You're also pretending bitcoin was created by 'god' himself as some type of perfect, flawless creation, when it was created by a central planner human being just like in any communist country and it doesn't even work at all because transaction validators are designed to centralize.  The philosophy behind imaginary widgets posing as money is ALWAYS Keynesian central planning at it's core.  Just because it's designed to deflate instead of inflate doesn't mean it's not a Keynesian system.

Humans live in the physical world, not imaginary 'cyberspace', and the only thing that can be transferred over a phone line is extremely perishable digital data like a Steam video game that might hold some value temporarily through artificial scarcity, but doesn't qualify as money or a store of value.  Artificial scarcity is NOT scarcity.  Real scarcity can form a Schelling point, artificial scarcity can only form an endless stream of pump and dump scams while the last one is left to rot for the next one in perpetuity.

Bitcoin is a very specific kind of data that is impossible to copy or fake and will never go away so long as people use it. It is a real, physical, tangible thing.

Can you not talk in Orwellian doublespeak?  Bitcoin is neither physical, nor tangible, nor a real commodity.  It is a designed to centralize, non-fungible, Keynesian Rube Goldberg machine inferior to physical metals.

Data is physical. Prove me wrong.

[bitserve]

^

It is.

[bones261]

Data is physical. Prove me wrong.

A better argument would probably focus on the durability of data rather than physicality of data, (particularly the private key and any other data that is needed to access and spend the unspent outputs.) We've all been around enough to know what happens to people that lose this particular data. Yes, the data of the unspent outputs still reside on every stored copy of the blockchain, but that means fuck all if don't have the data you need to spend them.

[bitserve]

Data is physical. Prove me wrong.

A better argument would probably focus on the durability of data rather than physicality of data, (particularly the private key and any other data that is needed to access and spend the unspent outputs.) We've all been around enough to know what happens to people that lose this particular data. Yes, the data of the unspent outputs still reside on every stored copy of the blockchain, but that means fuck all if don't have the data you need to spend them.

Which reinforces the argument of the physical quality of Bitcoin. It doesn't mean Bitcoin is not ALSO virtual... but wipe all the physical copies of the blockchain and it's gone.

[criptix]

bitcoin provides utility through its ability to permissionlessly transport value anywhere

100% Wrong.  It's impossible for something to qualify as money unless it qualifies as an actual non-perishable commodity beforehand and none of those can be transferred over a telephone cord.  "Bitcoins" are simply worthless timestamps; it's a fake commodity.  You're trying to push the fraudulent, Keynesian, Plato school of money that money can be a completely arbitrary, imaginary widget disconnected from the physical world.  Plato was a Keynesian statist and the jibberish you're pushing is inherently the exact same statist position in essence.

You're also pretending bitcoin was created by 'god' himself as some type of perfect, flawless creation, when it was created by a central planner human being just like in any communist country and it doesn't even work at all because transaction validators are designed to centralize.  The philosophy behind imaginary widgets posing as money is ALWAYS Keynesian central planning at it's core.  Just because it's designed to deflate instead of inflate doesn't mean it's not a Keynesian system.

Humans live in the physical world, not imaginary 'cyberspace', and the only thing that can be transferred over a phone line is extremely perishable digital data like a Steam video game that might hold some value temporarily through artificial scarcity, but doesn't qualify as money or a store of value.  Artificial scarcity is NOT scarcity.  Real scarcity can form a Schelling point, artificial scarcity can only form an endless stream of pump and dump scams while the last one is left to rot for the next one in perpetuity.

Bitcoin is a very specific kind of data that is impossible to copy or fake and will never go away so long as people use it. It is a real, physical, tangible thing.

Can you not talk in Orwellian doublespeak?  Bitcoin is neither physical, nor tangible, nor a real commodity.  It is a designed to centralize, non-fungible, Keynesian Rube Goldberg machine inferior to physical metals.

Data is physical. Prove me wrong.

The reverse is also true:

Reality is data - it even has error correction code (re: adrinkas)

[bitserve]

@JJG

Place your fucking bet you stubborn whinny wordyman FFS: https://bitcointalk.org/index.php?topic=5122750.0

[Hueristic]

Not a wise move from leprecon

Great idea.  Convert that gold from the pot into bitcoin.. 1) much easier to store, 2) much easier to transport, 3) much more secure, 4) much more divisible, 5) much easier to perform transactions, 6) frees up the pot for other uses, and maybe hang on to a small jar of the gold, just for shits and giggles.

The securing is yes/no, in a fire gold is better but I guess you can have a crypto steel

https://www.youtube.com/watch?v=TrB62cPPNxc

[mikeywith]

it's been a while since i posted my trading set up, here is the current plan and view.

ok, seems like this is it for this small rally, fun while it lasted, fasten your seat belt.



Very strong Resistance ahead, not enough momentum to push to the upside,

RSI is approaching 42 on the weekly which was the most critical support level that now will act as resistance.


what is my plan ?

hold on to dear btc just in case it breaks out of this strong resistance , dump it once this trend on the 4HR is broken to the down side, rebuy at 3.4k for 10-13% discount.

here is an update for the last set up





we did close below the trend line mentioned, and now heading low with almost no support all the way down to the trend line in green , which i have not drawn in the last post.

the support of this up trend line is somewhere around 3650$ , it's a strong support on the daily, and i will be monitoring the 4h chart when we approach that level,  the 3450-70$ however is a stronger support and that's where i would set my buy order without really having to monitor price actions, because that's where the 200 MA sits as well, so chances are we get a wick down to that level.

so i will be closing my short positions as we approach 3700$ and slowly opening longs as we approach 3650.

i will also be paying a close attention to the 200 weekly SMA, it's now the strongest defense line for the bulls, should it be broken i will be entering heavy short positions as i do expect the fall will be a big one if that would happen.

[jojo69]

uff da

[Lambie Slayer]

99 days into the new Baby Bull Market and all is well.  

What if bitcoin doesn’t go below $3122 again, are we in a never ending bull market?

Not necessarily, but possibly. Fear not, I will be there to let you know with a daily count.  

Oh gawd.....

Does that mean that you will wear a hyena - lamb chop slayer bloody hat?

His style is just like lambie himself/herself - except on the bullish rather than bearish side of things.  So consider that.  

Izabella Kaminska was nothing like me. She was a bitter an lonely soul constantly looking to stir up trouble and argue with people. Who does this sound like??  I mean who does nothing but post all day and argue any chance they get year after year???  In fact she was most like you of any person on this forum simply bc of the sheer volume of her posts. Like you Juan, she had serious time management issues. Perhaps you are her alt and the reason you get so sensitive about my posts?

[Dabs]

And ... data is protected by free speech ... remember PGP, and the printed source code.

[bones261]

Data is physical. Prove me wrong.

A better argument would probably focus on the durability of data rather than physicality of data, (particularly the private key and any other data that is needed to access and spend the unspent outputs.) We've all been around enough to know what happens to people that lose this particular data. Yes, the data of the unspent outputs still reside on every stored copy of the blockchain, but that means fuck all if don't have the data you need to spend them.

Which reinforces the argument of the physical quality of Bitcoin. It doesn't mean Bitcoin is not ALSO virtual... but wipe all the physical copies of the blockchain and it's gone.

I suppose you can also etch your private keys/seeds/passwords on a couple of stone slabs. That would be pretty durable.

[jojo69]

PayPal's p2p payment solution Venmo sending users to collections over as little as $7

https://www.wsj.com/articles/venmo-to-users-if-you-owe-us-money-were-coming-for-it-11553518800

[El duderino_]

Again very early HODLnesting

Not much to see @the moment, only red and more red.... nothing to disturb my HODLroutine

Good night WO’s

[Lambie Slayer]

ANGRYLASHINGOUT.EXE

Wow, truly fucked up you are it is then.
Please, keep it civilized and not too cheesy.
If you don't mind I'll wait until Lambie Slayer logs in, so we can both have fun with you.

Im sorry Cryptotourist. They canceled pudding night at my nursing home and Ive been lashing out lately.

This is my only hobby and I have always been abrasive and had trouble getting along with anyone for more than a few minutes in real life so it permeates into my online communications as well. Im gonna take Slayers advice and try to be a better person but I worry Im too old and stuck in my own head to make progress so I mock your youth out of jealousy. Sorry again. By the way Im really excited about it being the 100th day of the new Baby Bull Market and am looking forward to Lambie Slayers daily bullish proclamation!

Damn Juan, you dont need to be so hard on yourself, there is hope for you yet, dont give up! https://www.youtube.com/watch?v=6ldAQ6Rh5ZI

[gembitz]

timberrrrr weeeeeee

[jojo69]

night Mic

[Ibian]

Data is physical. Prove me wrong.

A better argument would probably focus on the durability of data rather than physicality of data, (particularly the private key and any other data that is needed to access and spend the unspent outputs.) We've all been around enough to know what happens to people that lose this particular data. Yes, the data of the unspent outputs still reside on every stored copy of the blockchain, but that means fuck all if don't have the data you need to spend them.

Which reinforces the argument of the physical quality of Bitcoin. It doesn't mean Bitcoin is not ALSO virtual... but wipe all the physical copies of the blockchain and it's gone.

I suppose you can also etch your private keys/seeds/passwords on a couple of stone slabs. That would be pretty durable.

The mesopotamians had it right all along.

[Last of the V8s]

timberrrrr weeeeeee

@HaggardHawks
Today’s Word of the Day: CUMBERWORLD (n.) someone so useless their only purpose is to take up space