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

[bones261]

You can't throw a few dollars into bitcoin and become a millionaire like before.  the lottery gives desperate poor people a hope of becoming wealthy.  But the government lotteries are probably rigged anyways.

The lotteries in the US usually have a 50% edge. Perhaps not "rigged," but the expected payout is 9x worse than American Roulette.

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[StartupAnalyst]

The pattern of price movement of this heap of shit. 

[realr0ach]

I'm trying to understand precisely why you are making the assertion that if the price skyrockets then mining skyrockets too.

Mining HAS to skyrocket for the price to go up and actually stay there.  Nobody is going to buy a coin from you for $20k if they can simply mine it for $2-4k instead.  There is ZERO reason for them NOT to deploy massive amounts of new miners if the price was to legitimately increase, otherwise they're just leaving free money left on the table.

Put 2+2 together.  The only reason mining capex did NOT skyrocket in the last pump and dump to $20k is because these mining oligarchs knew it was nothing but sheer manipulation and fraud bringing it there, and criminal exchanges like Bitfinex and their Tethers cooking the books.  Actors like Bitmain and the Chinese mining cartels probably even collude with them behind the scenes to make it happen.  That is the nature of 21st century so called "capitalism" anywhere you look, it's always collusion of crony capitalist monopolies with each other in hopes of defrauding the non-colluding middle class.  It's the norm, not the exception.

Actors like Bitmain can do things like hoard all the supply that they're mining, fund operations entirely through borrowing, then after they have an enormous amount of coins, send them all to Bitfinex and use them as margin collateral to leverage the market 3x higher and dump all the valueless shitcoins they mined on idiots.  They don't expand their own mining operations because they already know the price increase is nothing but a scam of their own creation and they're just fleecing people.

[wachtwoord]

You can't throw a few dollars into bitcoin and become a millionaire like before.  the lottery gives desperate poor people a hope of becoming wealthy.  But the government lotteries are probably rigged anyways.

The lotteries in the US usually have a 50% edge. Perhaps not "rigged," but the expected payout is 9x worse than American Roulette.

50% is a 'tiny' edge compared to some other countries. In the Netherlands by law every lottery must donate 50% of their income to charity. Of course on top of that they have running cost and run a profit. So the edge of lotteries must be 75% at least, likely significantly higher.

[jbreher]

One Question

when 5-digits

When 12344? (or was it 12688 or smth?)

12288$ (@that time 10K €....)


Yeah time to update those lists, pffffffff where are they again, deep surge, or does anyone got them close

And why never put in something yourself?

Or do I need to make a Bcash game (F*** only one player, you would always win)

Fake News!!!!!!  Bcash is going to have at least 6 players:  They gots:  Jbreher, roger ver, craig wright, jihan Wu, Calvin Ayre and peter Rizun

Left out mengerian.

...

You left out freetrader.

[jbreher]

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet

via Imgflip Meme Generator

https://twitter.com/tuurdemeester/status/1129017877581967361?s=21

This chart shows we are not going below 6k anymore.

The expansion phase looks like a mini-bull market, and the reaccumulation is sidelined.

So everything is working as planned?

Yes, but this halvening-centric model is very conservative.

We need to consider the institutional money, and the acceleration it would bring. Jbreher posted about a $133k target in march 2020, I cant find his post right now.

I don't recall a specific $133K. Of course, I'm old, and my brain is tired. Maybe.

Regardless, it would have been a SOMA* analysis. I don't know how high it'll go. But I am expecting at least $100K at the next blow-off top, which will likely occur within the next 18-24 months.

*'SOMA' is a registered trademark of d_eddie. Used by assumed permission.

[realr0ach]

Another display of why Bitcoin and everything (((digital currency))) related is a complete joke now.  The jew Charlie Shrem worshipping the world's worst/most obvious lying propagandist Anderson Cooper on Twitter.  And even fitting Barry Silbert in there too, the goyim frontman for (((Digital Currency Group))), which is affiliated with "all physical cash must be banned" (((Larry Summers))):



 

[JayJuanGee]

One Question

when 5-digits

When 12344? (or was it 12688 or smth?)

12288$ (@that time 10K €....)


Yeah time to update those lists, pffffffff where are they again, deep surge, or does anyone got them close

And why never put in something yourself?

Or do I need to make a Bcash game (F*** only one player, you would always win)

Fake News!!!!!!  Bcash is going to have at least 6 players:  They gots:  Jbreher, roger ver, craig wright, jihan Wu, Calvin Ayre and peter Rizun

Left out mengerian.

...

You left out freetrader.

Lookie uie, j---- dee---- beher!!!!!  


Did not even address my last answer.

Instead, u edited out my attempted response and proposed a new category of pure ambiguity for me to dive into another riddle resolution.



How are peeps in this here WO thread supposed to take uie seriously,  j---- dee---- beher?

[jbreher]

One Question

when 5-digits

When 12344? (or was it 12688 or smth?)

12288$ (@that time 10K €....)


Yeah time to update those lists, pffffffff where are they again, deep surge, or does anyone got them close

And why never put in something yourself?

Or do I need to make a Bcash game (F*** only one player, you would always win)

Fake News!!!!!!  Bcash is going to have at least 6 players:  They gots:  Jbreher, roger ver, craig wright, jihan Wu, Calvin Ayre and peter Rizun

Left out mengerian.

...

You left out freetrader.

...

You left out _unwriter.

[realr0ach]

I wonder if any of you cryptoscammers have realized yet that for the US dollar to function as world reserve currency, it has to constantly export dollars to the outside world in the form of trade imbalance.  If Trump ends the trade imbalance, it seems like a global currency reset by default.  This was all guaranteed to happen, so it's not really like he's doing anything special, just pushing the last domino over the cliff after it's already 99% run it's course anyway. A currency reset to what you may ask?  Well, my bet is on physical silver and gold and not Bitcoins.  Kinda self explanatory with Basel III making gold a tier 1 bank reserve asset.

[smartcomet]

British £
Economics: the First Industrial Revolution 1820-1840
Political System: constitutional monarchy

USA $
Economics: The Second Industrial Revolution(the Technological Revolution), 1870-1914
   Internet Revolution,1993-2006
Political System: Separation of powers

Self Organization ฿
Economics: self organization school, self organization hospital……self organization state, self organization country
Political System: code is law, peers review(for example, president is not voted but rotated.)
 

[d_eddie]

(Attribution would be appreciated. Quotes are from https://www.tradingview.com/chart/BLX/TPmcaIr2-Bitcoin-Has-Not-Even-Capitulated-Yet/ )

Forget about the bottom, Bitcoin has not even capitulated yet.

Not about ivomm's or V8's selections anyway.

You know what's perfect? I kept thinking where's the maximum pain scenario.

(Imagine being short BTC right now, what would this parabolic move have done to you. It's brutal.)

I do have short positions, and I'm profiting slowly and steadily. Close-hauled sailing, but still.

Now let's talk about the bulls.

Many of them dream of cow bottoms.

[realr0ach]

Self Organization ฿
Economics: self organization school, self organization hospital……self organization state, self organization country
Political System: code is law, peers review(for example, president is not voted but rotated.)

What is this retarded, Elwar-style, seastead / Ethereum propaganda you're typing?  

Political system:  The code is the law? HAHA.  

Political systems are a monopoly of force attempting to fuck over everyone who can't defend themselves.  Hodling valueless, imaginary shitcoins offers zero defense against that, especially when your shitcoins are not fungible, transaction validators are designed to centralize, and require use of the govt's own infrastructure.  

(((Satoshi))) has already been called out on this topic before:

[d_eddie]

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



now is the time to focus

Time to make it official boyz.


via Imgflip Meme Generator

Ive been pondering a theory on an immaculate conception based on a vision I had(fully backed by science, charts and counting to 9 many times). It could be that this human booty gave birth to a BTCaby BTCull. This could be our Mother Mary full of grace and full of ass.

I had to award one more quote of this fine piece of photographic art. I like your {l,p}oophole theory of of baby bull conception as well as the usual tart bullish twang of your post. So Lambie it is! 

[rafanadal]

massive dump

[d_eddie]

Wow. Now this is a spike. My short is smiling. Oops, what's left of it anyway.

[rafanadal]

what's behind this insane dump?

[rafanadal]

it takes weeks and months to get something going

and it only takes minutes to destroy all that progress

[realr0ach]

what's behind this insane dump?

Probably because the entire market (especially Bitfinex and equally Tether exposed Binance) is nothing but a giant scam?  The ONLY valid tweet I've seen regarding Bitcoin in YEARS.  This market has become a scam rivaling that of Jewish occupied Wall Street.  Probably because....they're here:

[mirakal]

Damn.... what's happening?

Is this the beginning of the big dump or the pull back that you guys are talking?