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

[Last of the V8s]

https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.159.0.pdf

discussion https://twitter.com/DanDarkPill/status/1123012427841449985

[1714200968]

1714200968

[Hueristic]

BREAKING and WTF 🤯🤯🤯🤯 Bitfinex is planning on a exchange token sale + IEO... plan to raise $1B in $USDT.... This is really a WTF situation 🤦🏻‍♀️🤦🏻‍♀️
https://twitter.com/DoveyWan/status/1122984364130701312

This is actually a good time for this, there are those that would buy in just to flip the bird at tptb.

I would buy in and dump the pump if I could do it on another exchange.

well catching up here I am now 2 hours behind schedule. time well spent I'd say.

Wish me luck at the tables guys.

[HairyMaclairy]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won.  

The result was a BTC dominance drop from an overwhelming ~85% to abut half. Are you prepared for a drop to about a quarter next time the stream is blocked? You're whistling past your own graveyard.

Do you actually believe that the value of Bitcoin is diminished every time some scammer comes up with ‘X on a blockchain’ and manipulates the price on some exchange with zero liquidity to create a meaningless market cap?

You are smarter than that.

Aww... ::blush::.

No. I believe that the value of Bitcoin is diminished every time its limitations surface in an orgy of nonfunctionality, driving actual use to other competing blockchains that can handle to load.

Which brings us around in a nice circular fashion to the market failure of these competing blockchains including BCH and SV.  

Why did they fail?  Because there was never a need in the first place.

PS your fees would be lower if you used Segwit.  You should try it, you might like it. 

[smartcomet]

https://twitter.com/MustStopMurad/status/1120856201548451840

Bitcoin today, monetarily speaking, is only a few steps ahead of where pieces of unrefined gold were when Neaderthals first discovered them in the ground.

But its monetization is going to happen >100x faster because we now live in a deeply interconnected & accelerating world.

https://www.reddit.com/r/Bitcoin/comments/9x2kbh/in_15_years_bitcoins_inflation_rate_will_be_lower/


Gold  20$ before 1934
Gold 35$ before 1971
Now 1300$
Gold inflation rate 2800/190000=1.47%
From 1970 to 2019, mined gold doubled. That means half gold was mined in the near 50 years.

After 2020 halving, bitcoin inflation rate =1.8%, still higher than gold inflation rate. So it is hard for bitcoin marketcap reaches gold marketcap before next halving.
After 2024 halving, inflation rate will be 0.8%. Bitcoin should get gold 7T marketcap ,  19687500 coins will be mined.

20M * 350K = 7T (maybe early or later by 4 years.)

[Biodom]

Looking at these dates, all I could say: darn it, I could have gotten into btc way earlier (as a few people here probably did).
First heard about it in Nov 2011 in the Wired article (BTC at $2), then totally forgot about it until October 2013 (BTC above $200) in the run-up.
The future is hopefully bright, but if someone gave me a choice of 100K now and flat for the next 10 years vs a 'slow" grind from 5K to 500K in 10 years, my choice would be the former.
I always preferred fast gains (and even losses) to a slow grind.
Perhaps, i don't have a patience for it.

why people did not invest early:
https://twitter.com/bitstein/status/1122195120340774912
an argument from 2011:
https://www.youtube.com/watch?v=zk5zs-hmVw4

[Toxic2040]

Our work here is done.

The high Necro has come fully over to the dark side and our cookies. Look..hes even point out shitcoins for us now.




https://twitter.com/elonmusk/status/1123033196642201600

[Biodom]

Our work here is done.

The high Necro has come fully over to the dark side and our cookies. Look..hes even point out shitcoins for us now.




https://twitter.com/elonmusk/status/1123033196642201600

wat da fook?

[Toxic2040]

wat da fook?

yanking that SEC chain methinks..still funny imho.

[rebal15]

BREAKING and WTF 🤯🤯🤯🤯 Bitfinex is planning on a exchange token sale + IEO... plan to raise $1B in $USDT.... This is really a WTF situation 🤦🏻‍♀️🤦🏻‍♀️
https://twitter.com/DoveyWan/status/1122984364130701312

TLDR:  "We don't have any money.  Our HSBC drug money we used to artificially manipulate the market higher was seized.  Give us more money."

TLDR:  "We don't have any money.  Our HSBC drug money we used to artificially manipulate the market higher was seized.  Give us more money if you want us to manipulate the market higher again."

Why not!!! I will give some and I prefer to give fees to Bitfinex rather than to that shit called Cracken.

I don't understand why people can't understand you.

[jbreher]

So...

There's this new documentary series entitled 'Money Revealed'. I think I was alerted to this due to my being a customer of Agora Financial (Rickards, Wiggins, Prins, Stockman...).

AAR, while this is a for-profit series, they are teasing out each episode for 24 hours. Today's episode centers on crypto and blockchain.

I'm in the middle of the second interview, which is pretty good. First was Patrick Byrne - who is always great to hear from.

Recommended. Get it before it goes dark tomorrow.

https://moneyrevealed.com/episodes/episode-7-ar3ak0d69n.php

[jbreher]

Addressing the issue is like balancing on a tight rope with the winds gusting and you cannot walk to either end all you do is shift your balance (the variable you control). I still have not seen a decent argument against dynamic recursive blocks. I've asked many times in this thread and never been linked to a good argument against them, maybe you have a link?

The wizards high in the Blockstream tower have decreed the larger blocks are impossible. And that is all you rabble need to know.

Funny way to suggest that Bitcoin is controlled by "the wizards high in blockstream tower" when BSV is obviously manipulated and controlled by Craig. Hell he needed his shit fork Satoshi's Vision and claims he is Satoshi. It's literally his "vision" he claims.

Yeah. I get the irony. To the extent that you believe that SV is a creature solely of CSW. A narrative I don't believe is accurate.

OTOH, his nChain company -- with help from Bitcoin Unlimited and scads of independent researchers -- has decisively proven that 'big blocks absolutely will not work' was a lie.

[GreatArkansas]

Our work here is done.

The high Necro has come fully over to the dark side and our cookies. Look..hes even point out shitcoins for us now.




https://twitter.com/elonmusk/status/1123033196642201600

The next John McAfee of crypto twitter? lol


Elon Musk PUMP!

[jbreher]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won.  

The result was a BTC dominance drop from an overwhelming ~85% to abut half. Are you prepared for a drop to about a quarter next time the stream is blocked? You're whistling past your own graveyard.

Do you actually believe that the value of Bitcoin is diminished every time some scammer comes up with ‘X on a blockchain’ and manipulates the price on some exchange with zero liquidity to create a meaningless market cap?

You are smarter than that.

Aww... ::blush::.

No. I believe that the value of Bitcoin is diminished every time its limitations surface in an orgy of nonfunctionality, driving actual use to other competing blockchains that can handle to load.

Which brings us around in a nice circular fashion to the market failure of these competing blockchains including BCH and SV.  

Why did they fail?  Because there was never a need in the first place.

I think I recently made an observation of you whistling past your own grave. Oh yes. There it is. Right up there.

[Paashaas]

[Paashaas]

@paashaas: That artist is very talented. I love his work. He got some nice meme collection  in his Twitter account.  Very sarcastic!!

His site if anyone wanna check out his work.

https://www.phneep.com

Thx, i like his work too.

[Retina]

Hi. I think the top is in for this recent bull run, and that we will likely fall significantly from here. I don't think people are taking the downside risk here very seriously. Price was strongly rejected at the weekly 50 EMA (in black) and it's currently being suppressed by the 61.8% retrace, as well as the top of the ribbon on my screen. Not to mention, the NVT is bearish AF . Do what you want. I'm out of BTC until we retest significantly lower prices. The only thing that will make me change that view, is if we breakout above the weekly 50 EMA (in black.) However, I don't see that happening anytime soon.

To think that BTC will just tap the weekly 200 MA/EMA (like it did in December (purple/orange)) and then never test them again before we enter the next bull market, is extremely unlikely. Especially when you consider the log chart. When I look at my log chart, I can see that we still have not yet come into contact with the lower side of the arch. That is still quite a way out, in terms of time and price. It should happen somewhere in the 3000-4000 range. Knowing that, I'm going to sit on the nice pile of cash that I've made since December, and buy one metric F ton of Bitcoin when the time is right. Until then, I will be watching through my binoculars as the bears completely slaughter the naive, complacent, and unsuspecting bulls.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

[dyask]

Hi. I think the top is in for this recent bull run, and that we will likely fall significantly from here. I don't think people are taking the downside risk here very seriously. Price was strongly rejected at the weekly 50 EMA (in black) and it's currently being suppressed by the 61.8% retrace, as well as the top of the ribbon on my screen. Not to mention, the NVT is bearish AF . Do what you want. I'm out of BTC until we retest significantly lower prices. The only thing that will make me change that view, is if we breakout above the weekly 50 EMA (in black.) However, I don't see that happening anytime soon.

To think that BTC will just tap the weekly 200 MA/EMA (like it did in December (purple/orange)) and then never test them again before we enter the next bull market, is extremely unlikely. Especially when you consider the log chart. When I look at my log chart, I can see that we still have not yet come into contact with the lower side of the arch. That is still quite a way out, in terms of time and price. It should happen somewhere in the 3000-4000 range. Knowing that, I'm going to sit on the nice pile of cash that I've made since December, and buy one metric F ton of Bitcoin when the time is right. Until then, I will be watching through my binoculars as the bears completely slaughter the naive, complacent, and unsuspecting bulls.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Well I think if you mix up enough different time periods in the indicators one can tell pretty much any story they want too.   

[realr0ach]

^So you can see that I'm not biased at all, I would personally not put any faith in that chart since in the current day we live in, Bitcoin is rigged just as much or more than physical metals. There is no real price discovery. It's all fake Bitfinex rigging and such.  

My only statement you feign outrage at (even though you know it's true) is that the price has been rigged massively upwards artificially by the single entity operating on Bitfinex that has controlled the price there all the way from $200 to $20,000, who is in league with the owners of the exchange conducting retarded amounts of scams and fraud.  There is no point selling because if you do sell, they will just scoop up the entire float then artificially rig the market higher after you do.

[Retina]

Well I think if you mix up enough different time periods in the indicators one can tell pretty much any story they want too.   

I foll you master of the charts. I'm predicting that July 10th is when the bull market for BTC will start :-).

I think BTC movement is very dramatical stable or not it is confused.

[realr0ach]

https://twitter.com/elonmusk/status/1123033196642201600

I'm ready for Putin to just drop the 100 megaton nukes.  I click that link thinking I'm going to see something interesting or funny.  What do I get?  Every girl on the entire planet that's above a 2 out of 10 mindlessly taking pictures of themselves, creating a Twitter with a description that says "Follow my instagram", then spamming comments all over trying to get someone rich like Elon Musk to look at them. 

It's a complete mindless, gynocentric, bimbo-prostitute world.  If Musk didn't have a large bank account, they would probably look at him in disgust and run away if he asked them the time of day.  Actually, Musk probably already has blown all his money with these exploding Teslas, so maybe the jokes on them.