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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 19 (19.6%)
1-10% - 11 (11.3%)
11-20% - 12 (12.4%)
21-30% - 15 (15.5%)
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81-90% - 2 (2.1%)
91-99% - 0 (0%)
100% - 8 (8.2%)
Total Voters: 97

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21781056 times)
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realr0ach
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June 16, 2019, 10:43:18 PM

How would they distribute gold or silver? Make coins again? Why not make digital coins backed by their silver or gold? We live in a digital age, how are you going to order mein kampf online? Send some silver coins in an envelope?

Nobody but millenials with autism actually think Bitcoin even gets rid of banks.  The vast majority of people will always outsource security and liability for their wealth to a 3rd party who specializes in the area of....SECURITY.  That and they have to put their stuff in a chain of custody for wills/trust and such upon death.  Nobody is going to be sitting around going, "Woops, grandma died, can't find her private keys, there goes $1 million *poof*".

Those funds are always going to be held by a 3rd party bank no matter what.  People can then write out gold and silver certificates to transact with or also do it digitally, so metal's so called 'weakness' doesn't even exist when most people are going to be storing their wealth in a bank no matter if it's bitcoin, metals, or anything else being used as the unit of account.
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June 16, 2019, 10:43:36 PM

Yeah look. The internet is not going anywhere and electricity is not going anywhere. The only way bitcoin could realistically die is through a global nuclear war with multi-century lasting aftereffects. and at that point we have far bigger problems.

Basically block roach.
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June 16, 2019, 10:49:26 PM
Last edit: June 16, 2019, 11:02:10 PM by realr0ach

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed and actually do remove counterparty risk where Bitcoin doesn't.

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.
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June 16, 2019, 11:02:01 PM

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance.
50% chance?  More like 0%.

50% chance for BTC and 50% for another fiat currency to be the world reserve currency.

Russia and China aren't stacking imaginary, valueless, digital shitcoins you fools:

https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241

Gee, I wonder what possible replacement to the dollar could be he's talking about?  Could it be?  Physical metals???

It is true that Russia and China are stacking gold. But it's mostly likely a hedge against the dollar or to make the Chinese Yuan the next reserve currency. Therefore 50% chance for BTC and 50% chance for a Yuan backed by gold Grin

People can then write out gold and silver certificates to transact with or also do it digitally, so metal's so called 'weakness' doesn't even exist when most people are going to be storing their wealth in a bank no matter if it's bitcoin, metals, or anything else being used as the unit of account.

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.
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June 16, 2019, 11:04:59 PM

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed.  

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

Roach, why are you even on this bitcoin speculation forum?  What's the point of picking arguments with us about precious metals being safer than bitcoin?  Life is too short.  Why don't you find points of agreement with others, instead of typing insults?  Bitcoin is not a shitcoin.

Bitcoin single-handedly enabled my early retirement.  It's done alot more for me personally (and that is an unerstatement!) than my gold/silver investments ever did.
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June 16, 2019, 11:08:09 PM

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.

^You are the full spectrum autism portion of shitcoiners who actually believe Bitcoin gets rid of banks.  It doesn't matter if the unit of account is metals, bitcoins, or anything else, most people will outsource security and liability for it to a 3rd party bank.  Whether we're talking about metals, bitcoins, or anything else, nothing removes the ability of banks to commit fraud because nothing actually gets rid of banks.  In other words, you're either not very smart or lying on purpose.
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June 16, 2019, 11:09:20 PM


The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None:

 • More fungible than metals
 • More divisible than metals
 • More portable than metals
 • More storable than metals
 • More tradeable than metals (In fact you can trade the good itself across the world and not some "ticket" for the good)
 • More bearable than metals (You can "hold" it rather than holding some "ticket" to a safe in which the metal may or may not be)
 • More spendable than metals. (Try getting change on a stick of gum from a bar of gold)
 • More durable than metals (Try recovering your gold bar that sank to the bottom of the sea, got raided, took a detour during delivery or otherwise went AWOL. Bitcoin private keys are decoupled from the asset that enables redundant storage while the world's most powerful computing network looks after your public keys. With gold, the private and public keys are welded together making such sophistication impossible)

Bitcoin only has "garbage" fundamentals in the way that synthetic antibiotics have "garbage fundamentals" compared to garlic. But feel free to chomp on 20 raw cloves of garlic per day the next time you get tonsillitis.

It doesn't matter. What matters is the fundamentals relative to the prevailing market platform which over the last 150 years has been electronic. States and central banks invest in gold because they have to, not because it has "better fundamentals". It's regulated tier 1 capital. They can also benefit from a 1% change in the gold price whereas that gain on the average joe's savings would just about get you a dinner for one Wink
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June 16, 2019, 11:13:46 PM

• More fungible than metals

Insanely dishonest Toknormal strikes again.  Bitcoin is not fungible and the dumbest of fools knows it.  Why even make believe you can get away with garbage like this?  You're the guy who shilled for Darkcoin for YEARS AND YEARS claiming "Darkcoin is teh best because it's fungible", then one day out of the blue all of sudden you say "fungibility doesn't matter, Bitcoin is better".  I'm so fucking sick of you dishonest millenial scammer scumbags.  I don't even need to go over the rest of your points because they're equally full of shit garbage.
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June 16, 2019, 11:23:52 PM

I couldn't quite figure out what was going on there, whether it was quasi ironic or not. You'd think someone who'd been around that long would be unphased by the same thing panning out again. Then again who am I to guess anyone else's triggers?

I'm totally reading between the lines here, I have no actual knowledge, totally guessing;

My impression is that he over invested, FOMOing in with assets necessary for life support, then held through the peak.

I don't know if his losses were purely of unrealized gains or of the actual sort, but regardless it hit him pretty hard as he had to sell to make RL commitments.

About this time he also started experiencing health problems.  I am totally speculating here, but would not be at all surprised if these were exacerbated by his level of stress and worry over the above.

It is my earnest hope that he was able to reclaim at least part of his position near the lows, but if that were so one would think that we would have seen him by now...



I miss him a lot



He had other RL problems besides his celiac issues and was forced to move out of town.

I haven't heard from him in a long time. Hope he's OK.
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June 16, 2019, 11:39:50 PM

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.

^You are the full spectrum autism portion of shitcoiners who actually believe Bitcoin gets rid of banks.  It doesn't matter if the unit of account is metals, bitcoins, or anything else, most people will outsource security and liability for it to a 3rd party bank.  Whether we're talking about metals, bitcoins, or anything else, nothing removes the ability of banks to commit fraud because nothing actually gets rid of banks.  In other words, you're either not very smart or lying on purpose.

Do you have autism? If so, it's nothing to be ashamed of... However you seem to be projecting it onto others, maybe something for you to talk about when you visit your therapist again.

Bitcoin single-handedly enabled my early retirement.  It's done alot more for me personally (and that is an unerstatement!) than my gold/silver investments ever did.

That's amazing! I bet when we see 100k, many will join you with early retirement.

On topic: BTC still holding above OVER 9000!
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June 16, 2019, 11:48:08 PM

Why am I on the internet in the middle of the night instead of in bed reading a book?
I always end up buying some styling stuff for my 30 year old 740, just bought handle covers 760 style.
Really don't need it, but what the heck, I like the stuff.
Cant wait until BTC hits 100k, that's when I cash out a substantial sum of money and buy a lightyear one among other things. https://lightyear.one
Well, going to bed and cuddle with the cats now. You all have a good one.
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June 16, 2019, 11:53:16 PM


• More fungible than metals
.... I'm so fucking sick of you dishonest millenial scammer scumbags.  I don't even need to go over the rest of your points because they're equally full of shit garbage.

Ever heard of "synthesis" roach ?

It's all around you. Synthetic sound, synthetic vision, synthetic building materials and synthetic medicines.

Cryptos are more fungible simply because it was DESIGNED into them. Crypto is synthetic money. Gold is a naturally occuring mineral. You need a handy furnace to make it fungible. You need a handy Ocean Liner to make it transportable and you need a handy safe to make it storable.

All of these properties were designed into Bitcoin which is why is has better fundamentals than gold and which is why it's doing what gold SHOULD have been doing during the last 10 years of fiat supply explosion, but didn't due (contrary to your demented rantings) to it's p*ss poor fundamentals when it comes to functioning as a commodity based monetary unit in modern markets. Medieval markets - you might have had a point.

Are you one of these guys by any chance ?
FUD conference 2019
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June 17, 2019, 12:15:59 AM

Last of the V8s moving a part of his stash (and scaring us):

bitserve
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June 17, 2019, 12:20:11 AM

Last of the V8s moving a part of his stash (and scaring us):



hehe, that guy made "little" $500Million of BTC "packs" and now decided to take them for a walk. How cute.
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June 17, 2019, 12:58:33 AM

Last of the V8s moving a part of his stash (and scaring us):



hehe, that guy made "little" $500Million of BTC "packs" and now decided to take them for a walk. How cute.

So... Is Last of the V8s planning to just give away those $500 Million BTC candies to Wall Observers? Is he really that rich (and kind)? Shocked
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June 17, 2019, 01:41:28 AM
Merited by bones261 (2), El duderino_ (2), xhomerx10 (1)

Good evening Observers

I hope you all had a excellent Fathers Day and reached out to family and friends. I sure did, a beautiful breakfast with french toast, garden fresh quiche and mimosas...glorious.

Feeling truly blessed.




--------
bitcoin

#dyor
1h


4h


D

#stronghands'19
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June 17, 2019, 01:47:12 AM

Last of the V8s moving a part of his stash (and scaring us):



Doubt this would get dumped on the open market. They want to pump the open market and then sell to institutions.
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June 17, 2019, 01:50:20 AM
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More Evidence For Bitcoin To EXPLODE Toward My Target!



Yesterday I showed you why I believe that we could be heading to the 13500 level. Today, I'm going to show you why that could happen in a matter of days, or just a few weeks. If we look at "Move A," you can see that it has two distinct peaks, and then a hard rally that follows. That rally was 83.16%. At the time, I thought that move A would most likely roll over into a head and shoulders pattern, but that turned out to be incorrect. Now, I see that there is a similarity, between what move A looked like, and what Move B is looking like. Move B also has two distinct peaks, followed by what appears to be the beginning stages of a powerful rally higher.

Here is the insanely interesting part. If we look at the percentage gain from the low after the second peak of Move A, to the peak of Move B, we can see that it was about 83%. If we take see a similar rally (based on the similarity of the pattern, it takes us EXACTLY to the 61.8% retrace at 13,500, which is the target for the downtrend channel breakout that I posted about on the last analysis. Oh yeah, did I mention that it's also an 83% rise? It all looks good on paper, but nothing is certain. Bitcoin could crash and burn tomorrow for all we know. However, based on the data on the charts, I see a very real possibility that we could explode higher, particularly if BTC starts to trade above the 9100 high from May 30th. That's actually the condition that this analysis is based on. Obviously, we have to surpass that overhead resistance, for the market to start moving in the direction projected by this analysis. If we don't surpass 9100, then we obviously aren't going to 13500. Furthermore, there are several big resistance levels before 13500, and any one of them could act as resistance — particularly up to 10000.

With that said, it is extremely likely that if we surpass 10000, BTC is going to absolutely RIP higher. There are virtually no sell orders above 10K. The sky is the limit from there, but I think a rally above 10K will likely be capped off around 13500. At that point, the NVT will probably initiate a nuclear core meltdown in Bitcoin . But let's take it one step at a time. For now, support is being held above the downtrend channel . Price is rallying higher. We are staying above the EMA ribbon. The NVT has retreated from the sell signal. Momentum is beginning to curl up on the ADX and DI . Money flow is increasing, and the MACD has printed a bullish crossover. The stars are aligning for a really big move here, and the technicals say that it's going to be to the upside.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-

Source: https://www.tradingview.com/chart/BTCUSD/0Ctr4B0v-More-Evidence-For-Bitcoin-To-EXPLODE-Toward-My-Target/
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June 17, 2019, 01:51:14 AM
Last edit: June 17, 2019, 02:09:42 AM by HI-TEC99
Merited by infofront (1)

Good evening Observers

I hope you all had a excellent Fathers Day and reached out to family and friends. I sure did, a beautiful breakfast with french toast, garden fresh quiche and mimosas...glorious.

Feeling truly blessed.






I had a greasy fry up breakfast.


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June 17, 2019, 02:53:57 AM

No signs of FOMO yet. This is fine.
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