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

[Biodom]

An OG with 50k coins will have more power than most countries do now.
~150 of them will have half the world's wealth.
By far the most people will not have any money at all.
Bitcoin will bring about a new feudal technocracy.
But first, complete chaos.

That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby reducing your bitcoin stash?
Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown.
Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothecating bitcoin, which should be a bad habit.
I am close to 100% certain that blockFi will kick the bucket at one point or another.

[BitcoinGirl.Club]

'grats Mic, on becoming a well-deserved MS.

Just learnt. Congrats to Mic
By the way, enjoy your time Bob. I hate busy days LOL

[VB1001]

This is the Butt Observer,

Someone please send some f**king merit to him please!!!

I am out 😂

It's done +1sM

[_javier_]

Come on people, 'nance is about to open in 15 mins all being well



now is the time to focus

I just came


...to the realization that I might like big butts more than Bitcoin

...only with thin waists.


I personally like the dimple spots for your thumbs.

Quoted only because some things are good to see on every page.

[BitcoinGirl.Club]

This is the Butt Observer,

Someone please send some f**king merit to him please!!!

I am out 😂

It's done +1sM

Thanks brother.

Edit:
Just discovered I had one.  😂

[VB1001]

This is the Butt Observer,

Someone please send some f**king merit to him please!!!

I am out 😂

It's done +1sM

Thanks brother.

Edit:
Just discovered I had one.  😂

You did not have to do it.
Thx anyway.

[BitcoinGirl.Club]

This is starting to get a bit... weird. Still no opening of withdrawals by Binance. For the sake of crypto, I hope CZ is doing fine.

I am lucky that I had no coins there.
Anyway, I hope they are okay. I can assume that there are a lot of people who are having worried days after their hack.

[zhekinsp]

It's called sideways.

This is perfectly fine.

Want bitcoin to be ahead of ethereum in the next 24 hours.

What are you on about? For the daily movement? Why though?

Because I fell in love with bitcoin more than other cryptos.

[Biodom]

Is it a scene from the future "Housewives of Beverly Hills" episode?

There are currently only 2.8-3.5 mil btc owners with more than 1 BTC.
I doubt that there will be many more.
Compare it to more than 40mil millionaires in the World and about 5 million millionaires with wealth above 5mil (3.2885 mil with wealth of $5-10mil).
So, basically, having ONE btc is the equivalent (in rarity) of having $5-10mil in fiat wealth.

https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95
+ google global wealth report, there is a pdf link there.

[BitcoinGirl.Club]

You did not have to do it.
Thx anyway.

The response of love should be love (brotherhood love by the way 🙂)

[Biodom]

An OG with 50k coins will have more power than most countries do now.
~150 of them will have half the world's wealth.
By far the most people will not have any money at all.
Bitcoin will bring about a new feudal technocracy.
But first, complete chaos.

That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash?
Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown.
Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit.
I am close to 100% certain that blockFi will kick the bucket at one point or another.

You could do lending  crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it.

Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop.

[BitcoinGirl.Club]

Go BTCitcoin Go!

I can't complain.

Thanks Gyrsur for bringing the peace in mind. 🤪

[infofront]

Come on people, 'nance is about to open in 15 mins all being well



now is the time to focus

I just came


...to the realization that I might like big butts more than Bitcoin

Fuck so do I, too bad the wife isn't fond of the idea of me having a girlfriend on the side.

Thankfully, with enough bitcoin, you can have as many wives and girlfriends as you want.

[machasm]

Is it a scene from the future "Housewives of Beverly Hills" episode?

There are currently only 2.8-3.5 mil btc owners with more than 1 BTC.
I doubt that there will be many more.
Compare it to more than 40mil millionaires in the World and about 5 million millionaires with wealth above 5mil (3.2885 mil with wealth of $5-10mil).
So, basically, having ONE btc is the equivalent (in rarity) of having $5-10mil in fiat wealth.

https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95
+ google global wealth report, there is a pdf link there.

A lot of us here must be in the top 1%.

[Biodom]

An OG with 50k coins will have more power than most countries do now.
~150 of them will have half the world's wealth.
By far the most people will not have any money at all.
Bitcoin will bring about a new feudal technocracy.
But first, complete chaos.

That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash?
Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown.
Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit.
I am close to 100% certain that blockFi will kick the bucket at one point or another.

You could do lending  crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it.

Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop.

They could buy stock in Volkswagen as they own Lamborghini and that shits going to spike. That might be a safe bet actually 😉

LOL..so that 2008 superspike in Volkswagen stock was maybe a premonition of things to come? JK
https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028

[_javier_]

Sorry for the offtopic, but LTC has just had a massive green candle.. Maybe BTC is next.

[BitcoinGirl.Club]

Sorry for the offtopic, but LTC has just had a massive green candle.. Maybe BTC is next.

You are saying that we are going to see $10k in the next few hours? 🤪

[Biodom]

Oh, boy.
20-year old is "jumping the shark".
https://www.marketwatch.com/story/if-youre-not-a-billionaire-in-10-years-its-your-own-fault-says-20-year-old-bitcoin-tycoon-2019-05-14

Of note, marketwatch refers to a person with 450 btc as a "tycoon".

[BitcoinGirl.Club]

Oh, boy.
20-year old is "jumping the shark".
https://www.marketwatch.com/story/if-youre-not-a-billionaire-in-10-years-its-your-own-fault-says-20-year-old-bitcoin-tycoon-2019-05-14

bitcoins are way too hard to understand by old schools like Warren Buffett.

[UnDerDoG81]

So ETH got pumped now. Seems like BTC run is over.