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

[AlcoHoDL]

Today I had a class (I teach electronics as a side activity to my main job). We were talking about digital stuff, gates, etc. One thing led to another and we ended up talking about Bitcoin. I felt like Andreas Antonopoulos on stage...

Some statistics:

-- Most students hadn't even heard about Bitcoin, and those few who had were all males, no females knew anything about it. However, the females were very interested, especially when they realised it can be very profitable.

Everyone and their mother's mother heard about bitcoin by now, so this is curious.
"heard about" or "know about"?
Given that it was electronics class, I suppose these guys were not Amish?  
How old were they anyway, and where did you find them?

In their twenties. Can't reveal more info about them. They are not Amish (LOL). Also, they are not learning about electronics by choice, but they are obligated to do it. Many of them don't really want to learn or care about electronics. They are not geeks.

-- Most students hadn't even heard about Bitcoin

How many? Your estimate if you can recall?

About 25 (out of 30) students either hadn't heard about it at all, or had heard about the name "Bitcoin" only, but no clue about what it really is.

-- The few students that knew about it were mostly misinformed about what it is and how it works.

-- The entire class (about 30 students) was ecstatic. They really wanted to know and understand it. We skipped all breaks, they wanted to stay in the classroom and learn about it.

-- Many of them wanted to buy. Many downloaded wallets on their phones. Some purchased online versions of Andreas Antonopoulos' book.

So you explained to them how bitcoin is not a scam or a pyramid scheme, but can be profitable? What did you tell them then?  
Which part did they like so much that they decided to buy a book about it?

Yes, that's what I did. Basically I told them more or less what's in this talk by Antonopoulos:

https://youtu.be/l1si5ZWLgy0

They were excited about the concept of being able to send cash anonymously and over long distances without having a middleman to allow or forbid the transaction. Another thing they liked is the fact that Bitcoin has no physical form, and hence it can be transferred over the Internet and stored on a piece of paper, TREZOR, etc. They particularly liked (and understood) the comparison of the Bitcoin protocol to TCP/IP and the Internet of the 80s/90s, and what was said about it at that time. Also, they were excited about its profitability (which was expected!).

Even if only 2 or 3 of them take it seriously, it's still a good thing.

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[JayJuanGee]

In WO there are 2 groups:

WO stronghats and weakhands.

Where do you think to put me?

Gonna put you in the corner with Mayor.

O.k... this might work to get mayor to come out.

This is how to do it:  Both of you count to 100 before you come out, and come out together.  


 

[P_Shep]

F*** just realizing i'm maybe a true master my pricePOLL = 10,500-10,999

Only participate on the first two days Wooooooooow gogogo Micg

Also voted for that option

[realr0ach]

Everyone and their mother's mother heard about bitcoin by now, so this is curious.

You are likely WRONG about your speculation that everyone knows about bitcoin.  If everyone knows about bitcoin we would have more than1% world-wide adoption.

Everyone has heard of Enron but not everyone owns Enron stock.

[rdbase]

Keep it on point/OT  jojo

Yeah! Keeping one who should of been sitting on the throne in check.
It would of made for a better ending by far!

Meanwhile in the current bitcoin price action.

Time to accumulate by selling the house and car yet?  

[LFC_Bitcoin]

F*** just realizing i'm maybe a true master my pricePOLL = 10,500-10,999

Only participate on the first two days Wooooooooow gogogo Micg

I hope I’m wrong

[infofront]

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

[DeathAngel]

Lots of pathetic panicking in here today, man the fuck up guys. We were at 3k not too lomg ago, we’re still on track to hit massive highs after the halving.

Pull yourselves together HODLERS, this is nothing we haven’t seen many, many times before.

[El duderino_]

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

Who is that.......?

[El duderino_]

10minutes to brightburn

Hope the price is back at 12K after the movie

[rdluffy]

Lots of pathetic panicking in here today, man the fuck up guys. We were at 3k not too lomg ago, we’re still on track to hit massive highs after the halving.

Pull yourselves together HODLERS, this is nothing we haven’t seen many, many times before.

 
In 2018 I never felt so many emotions like this week 

It was a good ride

[dyask]

Everyone and their mother's mother heard about bitcoin by now, so this is curious.

You are likely WRONG about your speculation that everyone knows about bitcoin.  If everyone knows about bitcoin we would have more than1% world-wide adoption.

Everyone has heard of Enron but not everyone owns Enron stock.

Two errors in one statement.   Most people in the world haven't heard on Enron, in fact a great deal many people were born after that.   No one now owns Enron stock, it no longer exists at least in the public markets. Enron sold all of its assets before coming out of bankruptcy.  

 

[eddie13]

Strikingly similar to Bitcoin and it wasn't a bubble..
https://youtu.be/djB9oK6pkbA

[mindrust]

Sub $10k incoming?

[LFC_Bitcoin]

Sub $10k incoming?

Looks that way

[dyask]

The kike plan to try and distract people from physical metals with imaginary digital shitcoin pump and dumps ain't working.

What do you figure the "kikes" are doing exactly? Is Bitcoin entirely a Jew plot? Was Satoshi a Jew setting this whole thing up to screw the goyim? Or are they just manipulating the market?

What's your theory?

Well, if you remember the Max Keiser plan to destroy the Jew banks by taking physical delivery of silver back in the day, that course of action was chosen because silver is the most naked shorted, artificially downwards manipulated commodity on the entire planet.  In 2011 it took around 100 days of world production to cover the shorts, in 2014 around 135 days, then in recent years it's all the way up to 200+ days.  So, as you can see, even  though the price was dropping, the amount of shorts was increasing, even though a rational 'trader' would be buying or covering on the price decrease.

The paper commodity markets are completely unsustainable clown world now.  Instead of making any attempt to fix them, they've doubled down on fraud.  They're designed to self destruct and wipe out the banks or anyone involved with them while sending certain commodity prices like silver to the stratosphere from having so many years of artificial downward manipulation.  There is NO POSSIBLE WAY for the banks to just back out of this unsustainable manipulation time bomb without sending the price of metals to infinity, but that doesn't stop them from pointlessly attempting to fool idiots into buying imaginary, digital scamcoins instead.

https://i.imgur.com/ZVZDNMy.jpg

https://i.imgur.com/0O8nhDi.jpg

https://i.imgur.com/hO68AvN.jpg

Ok so you say jews have complete control of silver..
I asked about Bitcoin..

You just proved a good point not to buy silver.. It's centralized clown world controlled by banks..
That's another reason why we buy Bitcoin..

No, that's not what I said at all.  The goal is to buy low, sell high.  Silver is the most artificially downwards manipulated inverse bubble to ever exist, while Bitcoin is an artificially upwards manipulated bubble that has zero fundamentals since transaction validators are designed to centralize making it a permissioned ledger.  In any rational world, silver is the best buy there is, while buying an artificial bubble like Bitcoin that doesn't even have fundamentals would be stupid.

Go buy your silver!   I'll stick with bitcoin.   Silver isn't worthless but it is still way over-valued.    BTC is still massively undervalued.

[criptix]

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

Who is that.......?

Overall one of the best OG bitcoin traders

No need to panic, everything is fine, even if we find support at 6k though i think worst case bottom should be in the low 8k.

[proudhon]

What'd I tell you guys. These next few days will be the last time anyone will ever sell bitcoin above $10,000.

Edit: Confirmed

[Spaceman_Spiff_Original]

Ok.  Two to three month mini-bear market.  


#Bringbackfear


Edit:  I’m not shorting this but I’m ready for people to have the pants scared off them again

I hate it when I am on the opposite side of a trade compared to you Hairy, you are right too often...

[realr0ach]

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

It's an idiot scam chart.  The price of Bitcoin cannot go to $225,000 with cost of production at $3-6k.  NOBODY would buy a coin from you for $200,000 when they can simply mine one for $3-6k instead.  And Bitcoin mining can't increase by something like an order of magnitude to buffer that cost of production or it would use more power than the entire United States.  As I said before, the Bitcoin pump and dump scam is butting up against the limits of the natural world.  The fact that it's ramming up against the limits of the natural world and mining can't really even expand significantly more should tell you how insane of a bubble it already is.