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

[Biodom]

A simple fact:

in 1975 the minimal wage was $5.15 EDIT: looked at a wrong reference, apparently it was $2.10/hr in 1975, which is $9.9 now
in 2019 the minimal wage is $7.25

Well, $5.15 2.1 adjusted for inflation would be $24.33 9.9 today, so $15 number is not crazy.

Bob surely produces mixed messages (like paying 1% for 7 fig btc tx is OK, but $15/hr for MickeyD is too much).
The rich are different..., but I liked him more during drinking period...

[jojo69]

He's just grumpy right now...seeing that last line on the tax bill will do that.

[Toxic2040]

FalconHeavy nailed it
successful launch to orbit
successful triple booster landing

wtg SpaceX


+1 WOsMerit

[JayJuanGee]

Next 6 hours are critical. Bears are constantly trying to break the ~$5000 support, and I've got a bad feeling that they'll succeed in the current 6-hour candle.

I hate the bear.

New lows? I don't think so... That guy seems way too bearish on bitcoin at this point.

May be you want to ask the guy. Here: https://twitter.com/CryptoLeos/status/1116384467529150465/photo/1

Of course, I am still not convinced that this market has transitioned into anything beyond further consolidation.. even if there are recent bullish tendencies in the past month or so and especially in the past couple of weeks.

But, projections of impending new lows, borders on wishful thinking to me, even while we cannot really rule out that the bottom is NOT in...

For example, if we stay above $4,200 in the coming weeks, then I might just switch over to considering this a bull market, at that time.

TLDR: The next two weeks = critical

[HairyMaclairy]

A purported black gay man

That is unkind Jay. We have no reason to think Bob is anyone other than exactly who he says he is.

[jojo69]

burn on orbit baby!

no kerbals were harmed

[Toxic2040]

burn on orbit baby!

no kerbals were harmed

+1 WOsMerit

36.5k kph at 200 klicks and still going UP!    sounds like a hella ride...sign me up.

[JayJuanGee]

A purported black gay man

That is unkind Jay. We have no reason to think Bob is anyone other than exactly who he says he is.

Take interwebs representations with a decently-sized grain of salt... mister pister.   

[JayJuanGee]

A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.
The irony.. the irony.

Go fuck yourself.

You edited out Mr. T and his rolling eyes....  

Hey?  

That was the most speakingly part of my earlier post.    Screwing up my "artistic" representations.  

What's up like dat?  

You fuck.        

[El duderino_]

Please let STFU Thursday JJG kindly flow into STFU Friday JJG

Just a friendly WO suggestion.

[kingcolex]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Yeah right... 



A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.

The irony.. the irony.

Wow another liberal expecting black or gays to have to be brainwashed into believing they need to pay for people who break the law and make it harder for the legal citizens who need jobs.

Just remember JJG is the extreme left gets their way with their craziness you think mining won't be illegal in the US? Look what they want with the green new deal.

[JayJuanGee]

Please let STFU Thursday JJG kindly flow into STFU Friday JJG

Just a friendly WO suggestion.

If jbreher is able to survive through his first Wednesday, relatively unblemished, then who am I to proclaim that you guys and gal are completely foolish in your inability to focus, childish endeavors?   

[El duderino_]

Please let STFU Thursday JJG kindly flow into STFU Friday JJG

Just a friendly WO suggestion.

If jbreher is able to survive through his first Wednesday, relatively unblemished, then who am I to proclaim that you guys and gal are completely foolish in your inability to focus, childish endeavors?   

[El duderino_]

#HODLsleep

Good night WO’s

[HairyMaclairy]

The point about a $15 wage demand at McDonalds, leading to workers being replaced with $35k kiosks, was an example of capitalism and the free market responding to stimulus.

I do automation for a living and am all for $35k kiosks. I also understand well the limits of automation and the need for humans to mop up any deviations.  

The minimum wage in Australia is A$22 which is US$15.60. We have full employment here in Australia (5% unemployment rate).  

If your business is so shit you can’t afford to pay a living wage, then you deserve to go out of business. I’m looking at you, Walmart.

[JayJuanGee]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Yeah right...  



A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.

The irony.. the irony.

Wow another liberal expecting black or gays to have to be brainwashed into believing they need to pay for people who break the law and make it harder for the legal citizens who need jobs.

Just remember JJG is the extreme left gets their way with their craziness you think mining won't be illegal in the US? Look what they want with the green new deal.

There is nothing wrong with having opinions about various political subjects, and expressing those opinions, but if you are buying into the political rhetoric of self-absorbed narcissist and likely self-dealing inability to contorl emotional criminal (namely Trump in this case), I question your thinking and your ability to work within established social systems.. but whatever.. who gives many ratt's asses about these kinds of matter?  

I was merely pointing out an apparent irony with someone (Bob) who is taking a strong exclusionary stance, and yeah, when strong policies are enacted, there are likely a large number of rippling effects through other parts of the system whether talking about extreme right or extreme left.... and I am not even expressing my own views here except that I don't consider governmental systems to be hostile to the will of the people.. even if those systems might have decent amounts of corruption that may need tweakings in various ways.. and perhaps bitcoin is going to provide some of those better incentive and accountability systems into the future.. we will see.. we will see.

[JayJuanGee]

Please let STFU Thursday JJG kindly flow into STFU Friday JJG

Just a friendly WO suggestion.

If jbreher is able to survive through his first Wednesday, relatively unblemished, then who am I to proclaim that you guys and gal are completely foolish in your inability to focus, childish endeavors?   

Getting philosophically deep here... Whoaza!!!!!

[Biodom]

Bob surely produces mixed messages (like paying 1% for 7 fig btc tx is OK, but $15/hr for MickeyD is too much).

 I place value on having the peace of mind knowing I'm not likely to run into issues, and things will move smoothly for me.

 Same reason I hire accountants.
 Same reason I hire lawyers.
 Same reason I have people managing my portfolios.
 Same reason I hire people to do jobs that I'm not skilled at.
 Same reason I pay a slight premium at Gemini (not 1%) for my trades.

https://gemini.com/trading-fee-schedule/#trading-fee-schedule


 The point about a $15 wage demand at McDonalds, leading to workers being replaced with $35k kiosks, was an example of capitalism and the free market responding to stimulus.

OK, fine re McD.

Maybe I addressed a wrong person, and if so, I apologize, but I got a bit tired of multiple people here harping on labor.
Example: In Texas you can be fired for no cause and nobody needs to explain anything to you.
Additionally, it is legal in Texas to essentially rob temps of their wages by dismissing them earlier from their fully scheduled shift.
Thankfully, I am not a temp, but I did witness this on multiple occasions (via relative).

[d_eddie]

I am working on something like this, for the monthly statistics of the current year in this format, I will improve the presentation, and historical statistics in an quote format.

Ok?

Maybe you could show % change in posts and % change in price.  That might make it easier to compare

If it is an option to contemplate.

From what I see, you are the only one interested.

Thx, HM

Not quite. I was nodding in silence to keep the noise floor in check.

[Majormax]

Of course, I am still not convinced that this market has transitioned into anything beyond further consolidation.. even if there are recent bullish tendencies in the past month or so and especially in the past couple of weeks.

But, projections of impending new lows, borders on wishful thinking to me, even while we cannot really rule out that the bottom is NOT in...

For example, if we stay above $4,200 in the coming weeks, then I might just switch over to considering this a bull market, at that time.

TLDR: The next two weeks = critical

Yes, this phase of consolidation is more likely to continue. Whilst we may be at the start of an uptrend, the likelihood of a new low has not receded that much (hazard a guess at 35% ?)

I would add one more , possibly useful, comment :

The break down from $6200 was sharp, and showed the weakness of support in the zone between 6k and 4k. This is often mirrored on the way up, therefore resistance is likely to be weak, hence the ease with which price has risen in the last couple of months. Assuming the bottom is in (balance of probability only),
there could still be a lot of work to do (and time to spend) in this area, before any decisive further advance.

Pessimistic scenario :  5-6k needed revisiting and testing before a new low.

Optimistic scenario :  5-6k will work out and consolidate over a few more months, providing the base for a 2020 uptrend.