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

[Dabs]

There is the Opendime ... that's about as physical as bitcoin gets. (Aside from a sealed paper wallet or equivalent.)

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[jojo69]

Where we're going we don't need brakes.

It would appear so, just noticing that we seem to be convincingly above 5300 again.

[jbreher]

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

[Paashaas]

When Bitcoin’s market capitalization grows to the size of Gold’s, 1 BTC will be worth $300,000-$400,000.

This is just gold, Bitcoin can do a lot more that.

[Hueristic]

There was some interest in the antics of my neighbor and his 69 Camaro last year so I will offer an update.

His tech is scheduled for Saturday, it just came out of the garage for the first time this season and laid a solid 80 ft burnout in our alley.

All the cats in the neighborhood are in hiding.

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

Meh, watched it for 15 minutes and couldn't be bothered. It might be good fo peops that have no clue. I really couldn't care if that kid graduates college or not, just a waste of my time listening to this.

Great, I did everything it said I would. Doh.

[nutildah]

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

>says he's invested in BTC
>takes lame shots at BTC every chance he gets

The more breher speaks, the more I think hes a troll that lives in his mother's basement, and owns no crypto at all. Putting him on ignore. Its the healthiest option at this point. What does he actually contribute of value in terms of conversation? He can't absorb incoming information, only rehash tired rhetoric.

[BTCMILLIONAIRE]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

[DaRude]

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

Huh after all these years i figured you just liked the abuse. You mean you sincerely think that BSV is a good idea ?  i am soooo sorry 

[realr0ach]

Additionally one can take physical delivery of bitcoin in the form of a hardware wallet

Jesus Christ, can you people stop lying for even one minute?  Bitcoin is cloud banking - a virtual breadloaf that you claim to own a slice of.  It CANNOT be removed from this cloud system; you cannot transport it to your house, a safe, your car; it never moves, it always stays in the cloud.  It is not possible to take delivery of a bitcoin.  If it was possible, the act of me deploying a giant mass of ASICs and censoring all transactions except my own would have no effect on you, but it does.

You can't do jack shit because you never had possession of anything.  It's billed as a cooperative system with some sort of Nash equilibrium, but it's nothing more than a dystopian permissioned ledger in practice, ripe for complete govt control since transaction validators/mining warehouses centralize so much and have such easy surface attack vector for govt control and regulation.  

Just about everything concerning the whitepaper was either false from the start or became untrue over time.  For example, it claims bitcoin is a "peer to peer" system for transactions, yet it's not even possible to do a transaction without involving three or more parties in the first place.  The extra parties are the built-in rent seeking middlemen, then the nodes and whole mass of other shit.  I do not consider a system with built-in 3rd parties as "peer to peer". Whereas using physical metals or even a god damned tree branch I can do an actual peer to peer transaction.

Since truth is a foreign concept to you I don't mind you calling me a liar.    I was pointing out that bitcoin possession can be far more tangible than many other forms of wealth in our modern society.    

The rest of you post is mostly nonsense but I think that is clear to anyone intelligent.  

What a lying scumbag.

1)  If something doesn't even exist in physical reality, you're obviously not taking "physical possession" of it, so your argument is already retarded out of the gate.  

2)  Bitcoins are nothing more than imaginary timestamps inside a permissioned ledger system.  The so called "coins" themselves don't even exist and it's just a misnomer to intentionally mislead people into believing they're equivalent to real world coinage.

3)  If you actually could take "physical possession" of a bitcoin, then I wouldn't be able to place an embargo on your coin and censor all your transactions just by deploying a bunch of ASICs and blacklisting your funds.  Physical possession implies your so called coin is not encumbered in red tape and you can actually do what you want with it - trading it, giving it away, sticking it up your ass - not trapped inside a permissioned ledger prison system.  

4)  The bitcoin whitepaper PRETENDS transactions are blinded and somehow can't be censored when they're NOT.  It ASSUMES the existence of a Nash equilibrium when it doesn't exist.  It's a permissioned ledger where it's not possible for your coins to ever be unencumbered from 3rd party middlemen because those 3rd party, rent seeking, transaction validator gatekeepers are BUILT-IN.

[BTCMILLIONAIRE]

In other news, Florida illegally attempts to pass law to revoke the 1st amendment and make talking about Jews in any manner illegal:

https://www.watchdog.org/florida/florida-legislature-delivers-anti-semitism-law-for-desantis-to-sign/article_55995e22-6ab3-11e9-945f-6bdcae8a6e70.html

451: Unavailable due to legal reasons

We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact bhartsell@ilnews.org or call (847) 497-5230.

The EU is a shithole.

End of the day, open WO last page ..... r0ach, r0ach and rebalf*** damn ......

Instant go to HODLsleep

No time for those F***up’s!

Goodnight WO’s and HODL on.

Your mind is so small to undetstand things. Just repeat what others say.

I'm not sure somebody with three merits for 327 posts can speak about intelligence with any authority. There are enough BTC antagonists on this forum for you to get merit from them if you had anything of value to say.

Or in words you can understand: Eat shit retard.

[DaRude]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

[BTCMILLIONAIRE]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up think and doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

To clarify, my post was in reference to the cursive part.

As I see it the real issue is with central banking, over the top tax rates and government wastefulness. Fractional reserve can work if done sensibly and not bailed out by the tax payer. It's no different from debt, which is a highly productive tool.

[realr0ach]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

From what I noticed trading there when I was awake for like 70 hours straight trading during brexit, it appeared an entity with almost limitless funds kept naked shorting the market, then Brexit occurred and sent the price a lot higher, which they were not expecting.  Then a few days or so after that happened is when they claimed they were "hacked"; when in reality, it appeared to me they were trading with customer funds and the trade went against them so they just stole everything.  Pretty easy for fractional reserve to blow up when anyone who does it always does insane shit like this.

[VB1001]

This is the historical since the beginning of the thread WO:

+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

This is the historical since the beginning of the thread WO:

+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

yes, merited VB 1001.

Good Morning, WO,s
I am glad that you like the published work, I think it will be a good market indicator in the WO thread.

graphs VB
us illiterates need pictures

jojo69 I have put graphics in the statistics as you suggested, so you can understand without problems.

[hodl_2015]

451: Unavailable due to legal reasons

https://www.usa-proxy.org
Filtering based on IP address is not a legal solution. The law applies also to EU citizens travelling all over the world.

[realr0ach]

451: Unavailable due to legal reasons

https://www.usa-proxy.org

He's a mathematician.  It's a separate field from applied mathematics.

[StartupAnalyst]

Where are we trading from, gentlemen?
DataLight analysts have done some interesting research, look at this.

[realr0ach]

If you're trading from a seastead, what country would that fall under?

[StartupAnalyst]

If you're trading from a seastead, what country would that fall under?

I don't think there are many people like Elwar. But technically, I think it depends on whether you are in neutral waters.

[ivomm]

I am just curious how the sellers/shorters in Bitfinex are feeling these days. The numer and quantity of the shorts positions is high, and the longs are at the lowest since one year at least. Are these people still sane, or completely lost their mind and emotionally lost everything? For me all signs show that this exchange is dying. First, they put customer's money into the hands of Crypto Capital, which did the classic exit scam (the explanations of governments blocking the fiat didn't comfirm so far). Second, any attempt of withdrawing fiat looks doomed. The probability of getting your money after 5-6 weeks of 'pending' is close to 0. Third, just like Bitmain's never to be IPO, Bitfinex is planning IEO - to gather the tethers, provided that they are covered by 75% fiat?!?! And there is a lot more in that exchange that is not right. So, I ask myself the question - what kind of people continue to sell Bitcoins and all the shitcoins for USD/USDT? For me, these people prove once again that they are just addicted to trading and having lost their sound mind a long time ago. Many, many times so far they did exactly the opposite of what the well informed choice will tell. That by the way is the main reason, why the normal people fail with most of their trades. If you are certain that the price will go up/down based on logic, news, qualities of the Bitcoin,... well  exactly the opposite will happen because of these insane people. Their life journey is 'sell to minimize losses' till the end of the world, no matter how big their profit would be if they act by reason and wait to sell at the best time. But for this they need to be educated and have a faith in Bitcoin that it will be at least $6K some day. 3 months ago it looked like it will take forever, but here are we now - almost there. For us, the real investors it is clear that Bitcoin not only will return to $20K, but will go for $100K and beyond. All these weak minds/hands are just a handicap that will be devoured. After all, the profit of the patient and reasonable people must be at the expense of the loss of the weak. That's the way of the jungle and the free market!