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

[Gyrsur]

Demand, Demand Everywhere

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[Lauda]

Tulips, fraud, ponzi scheme, dead... slow, inefficient and unreliable... volatile... And yet it threatens to "take power away from the USD"? Interesting.

I'm not the author, sourced somewhere from Reddit. 

[alevlaslo]

I would agree with that premise, of longer waves, but not to that extent. Looking at the whole long term chart, I estimate the peak-to-peaks of 2011-2013 and 2013-2017 being 30 months and 48 months respectively. That would indicate the next p-to-p be roughly 66 months ie 2017-2023 (June).

Its a long wait, but not considering the enormous amount of price work to be done:  the next peak could be upwards of 80k

[kenzawak]

A New Crypto ETF Has Just Been Filed With the U.S. SEC

https://www.coindesk.com/a-new-crypto-etf-has-just-been-filed-with-the-u-s-sec

"The proposed ETF, posted by the SEC on May 9, was created by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC, to track the performance of a market capitalization-weighted portfolio of bitcoin (BTC) and ether (ETH).

Dubbed the USCF Crescent Crypto Index Fund (ticker symbol “XBET”), the ETF is sponsored by United States Commodity Funds LLC (USCF), which will invest XBET’s assets in the two portfolio cryptocurrencies."

[Gyrsur]

https://twitter.com/APompliano/status/1126595123595358209

He's one of the first politicians to want rid of it for the 'right' reasons which is a teensy bit worrying, not that it'll get anywhere. It's not about Ponzis or drug dealing. It's about eating the dollar's role.

All of his objections are true. It's a powerful backhanded endorsement of its virtues.

+1 sMerit

The old man knows exactly what's going on!

[LFC_Bitcoin]

Another mini pump overnight.

We’re now close to double the price from the bottom at $32xx or whatever it was.


BULLISH!

[El duderino_]

Another mini pump overnight.

We’re now close to double the price from the bottom at $32xx or whatever it was.


BULLISH!

Think we allready have doubled from there brother

[Febo]

I would agree with that premise, of longer waves, but not to that extent. Looking at the whole long term chart, I estimate the peak-to-peaks of 2011-2013 and 2013-2017 being 30 months and 48 months respectively. That would indicate the next p-to-p be roughly 66 months ie 2017-2023 (June).

Its a long wait, but not considering the enormous amount of price work to be done:  the next peak could be upwards of 80k

Bitcoin halve every 4 years. So cycle cant prolong. I mean of course one will be shorter then other, but they will not prolong with every next cycle. What will happen is that impact of halving will be weaker with every halving. If last time price went from $1200 to $20000 this time will not go 20000/1200=16.6 times up, but less.

[realr0ach]

Well at least it’s a cut above Jew bashing and right wing-nut nonsense...

Goyim knowing intensifies:

[bitmover]

Did you sleep well?

[d_eddie]

It looks like Lambie got it right with the baby-to-adult thing. He started talking about it long ago. IMO that's long enough to deserve some juicy title such as Bull Prophet or something.

[realr0ach]

Max Keiser vs Peter Schiff video on Bitcoin vs Gold yesterday:  Max was all yapping away and Schiff said "Bitcoin isn't even a real commodity" and the Keiser froze like a deer in headlights thinking "dammit he's been talking to r0ach...".  He looked terrified as soon as that line came out.  Neither one of them debated very well on the subject, though.  I would destroy Keiser in a debate.  All it takes is one example to destroy all the strawmen of any digital shitcoiner:

What is money?  Everything that happens occurs on the axis of time.  The purpose of 'money' is to transfer value from the present to the future.  In order to do so, absolutely nothing qualifies as money unless it's a non-perishable commodity.  Bitcoin is neither a real commodity nor non-perishable.  It can implode and cease to exist at literally any second.  It can also fall out of favor or be replaced by some other coin and not be accepted.  This is why anything digital can be nothing more than a currency and not money.

Currencies, whether it's Delta Airline Miles, Chuck E Cheese tokens, or Bitcoins, have no value and they always return to exactly where they started from - zero.  As long as humans roam the earth, non-perishable, physical commodity money like silver, gold, and copper does not do this, which is why they're actual money and not currencies.  Currencies, which is what Bitcoin is, are ALL extremely perishable.

[Ibian]

Maybe we should outlaw lifelong politicians?!

Yes. It is a very sure way to get narcissists to rule over us.

[bitcoinPsycho]

I love Friday

Confirmed

[realr0ach]

Brad Sherman's clearance must not be high enough to know the govt created bitcoin.  I personally can't stand (((Brad Sherman))) because he's an evil Jew, and I thought his commentary on bitcoin would be absolutely stupid, but most of it actually makes sense.  He described Micgoossens perfectly:

On March 14, 2018, Sherman made highly critical remarks about Bitcoin, cryptocurrency, and Initial Coin Offerings. He started his prepared remarks by saying "Cryptocurrencies are a crock". He further said, on Congressional record, that all Bitcoin does is allow "a few dozen men in my district to sit in their pyjamas on their couch all day, and tell their wives they are going to be millionaires". He further suggested that Bitcoin doesn't provide any value to the real economy, asking "when you buy a Bitcoin, are you helping build a new factory?"

[Gyrsur]

Not only the physical universe exists. There are other universes too. Mankind created a virtual universe. It is also called the digital world or the digital age.

Gold is a commodity of the physical world. Bitcoin is a commodity of the digital world. Both have value and will continue to exist. However how the relevance of the digital world will increase so the value of digital commodities will increase too.

[BTCMILLIONAIRE]

@Elwar Glad to see you safe. Hope to hear your story soon (in as much detail as you can spare and as little necessary for OpSec).

https://www.ccn.com/bitcoin-democrat-ban-cryptocurrencies

"By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States.

“I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.”

Congressman Sherman, who’s from California, made the remarks May 9 at a meeting of the House Financial Services Committee."

We need more politicians like this to help pamp us to 100k right away

My first thought when I saw him was "what a twat, no wonder people hate Republicans". Oh boy.

[HairyMaclairy]

Heh

[Last of the V8s]

[StartupAnalyst]

Who's gonna stop this train, who's gonna do something about these HATs

Maybe more important, who is gonna jump on it and who will miss it for another long period, while could of been on it right now !!!

It's nice to be with all the cool guys on this train.   I think there's nothing stopping this train, it's just gaining power.