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

[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.

[VB1001]

https://twitter.com/charliebilello/status/1128050320473579521

At 0%, Bitcoin has a higher yield than government bonds in 18 countries whose central banks are attempting to debase their currencies and inflate asset prices.

In unrelated news, Bitcoin is up 112% year-to-date.

[kenzawak]

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

[kenzawak]

Oh my...

https://twitter.com/CharlieShrem/status/1128672742935494656



Next planned fork >>>

[UnDerDoG81]

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

ETH gained 17% from $200 to $240 in the last 24 hours and Bitcoin hovering at 8k for 2 days, wich seems bearish to me when I compare it to similar past events. Of course I hope I am wrong and the bull run goes on for a year or longer and this is just a cool down.

[Cryptotourist]

Yeah except eth didn't fucking move it's btc pair at all for the entire 6-8k. It's just moving back to .03 that's all.

But it did move from $6k-$8k.
Lost BTC value, that it's gaining back.
Went from 0.032 to 0.025 roughly.

Which exchange?

Edit: Binance I suppose.

[kenzawak]

https://twitter.com/danheld/status/1128646620474748928

[rdbase]

^^
Cash app the largest way americans can exchange their usd to crypto and being owned and operated by square is a huge market for bitcoin usage.
Fidelity's announcement trading of bitcoin allowed on their platform is what I believe spurred the ramp up of the price in the past week.
Inching closer and closer to the $10k mark we all have been waiting for since achieving the all time time so long ago.

[zhekinsp]

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

ETH gained 17% from $200 to $240 in the last 24 hours and Bitcoin hovering at 8k for 2 days, wich seems bearish to me when I compare it to similar past events. Of course I hope I am wrong and the bull run goes on for a year or longer and this is just a cool down.

Nothing to consider that slight dump as bearish,just the correction time of bitcoin after that huge recovery from bottom price.

[Paashaas]

Ethereum development halts after Vitalik discovers sex.

https://coinjazeera.news/ethereum-development-halts-after-vitalik-discovers-sex/

[Icygreen]

Haha, look who wants your bitcoin, just got this email from coinbase.  Paypal won't allow you to buy BTC but they'll gladly relieve you of yours. SMH  

[kenzawak]

Soon... they'll all want one.

[fillippone]

https://twitter.com/100trillionusd/status/1128727807675260928?s=21

#Bitcoin Relative Strength Index (RSI) > 60 .. green! 🚀

Fir all those who still don’t follow @100billiondUSD
CCMF!!