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

[dyask]

This guy graph suggests that we are at Base 4 of the parabolic move:

https://www.tradingview.com/chart/BTCUSD/OyXoN573-Trading-Bitcoin-in-a-Parabolic-Curve-Possible-30-000-Top/

"Based on Google trends, there is barely an uptick in retail interest so far, which means that this is being driven by institutional interest"

These fags correctly identify the fact that no actual normal people are buying Bitcoin then make up the lie that it's "institutional investors".  No, it's the kikes trying to manipulate imaginary, valueless, digital shitcoins upwards  to try and distract people from physical metals and segue them into a digital only, Chinese social credit score slavery system.

Or they're trying to manipulate gold upwards to lure people into shitmetals, which can be easily confiscated, and can't be used to bypass capital controls.

That was a JayJuanGee level post.  Digital shitcoin transaction validators are designed to centralize and will be completely government controlled with blacklists to turn off whoever's non-fungible, digital dogshit they want to just like they ban Twitter accounts.  Digital shitcoins are all permissioned ledgers because it's not even possible to create a decentralized digital currency in the first place, especially when tokens are non-fungible.  This is not the case with physical metals.  

It costs barely anything to run a digital police state, but orders of magnitude more to run one in the physical world.  Nobody can afford the upkeep or henchman compliance to run a permanent, physical police state.  Tech giants like Jewgle easily run a low overhead, digital police state every day.  99% of this forum is composed of garbage human beings who are literal clones of Judas standing in line to sell their soul for $2.

It is the other way around.  It costs almost nothing to hire bums to steal gold.  Mining on earth is already controlled by governments.  If you want to take over the bitcoin network it would be very expensive.   In fact there are more nodes and mining operations popping up all over the globe now than there were a few years ago.   Bitcoin is moving towards being more decentralized, not less.    I thought the lightning network changes were going to be a bad thing, but happily I was wrong, it is working out for the benefit of bitcoin.    A few years ago there were really only 4 or 5 pools that mined any blocks and a handful of unknowns.   Now there are over 15 pools getting blocks every week, actually more like 20 and unknowns are becoming more common.

To take over bitcoin would require more than 50% of the mining, otherwise it can't be controlled.   These days that would cost billions and in a few years it will likely be trillions.   Gold on the other hand will have its value wiped out with one not so large rock moved into orbit around the earth.   Many other possibilities too.   It isn't a question anymore of if it will happen, it is only a question of when it will happen.   Likely longer than 20 years but less than 100 years.   The age of metals being a store of value is almost over.    

[realr0ach]

Why does the crypto world seem to be infested with more than it's fair share of alt-right loons?

you just may lead a sheltered existence

He willfully ignores the fact that people deemed "alt-right" are prime examples of perfectly normal, functional, human males over the last 5000 years while he's dysfunctional with a mental disorder based on inferiority complex (leftism) and attempts to make himself feel better by claiming everyone else is the abnormal one instead of him.

[rdbase]

A history of flash crashes on exchanges where some people got bitcoin at $1000 when it was over $6000 per coin. And when kraken was selling a bitcoin for $100 in canadian money which is around $74 usd.
https://blog.sfox.com/bitcoin-flash-crash-short-history-cbcb0d6bc6a5

[theWild]

Why does the crypto world seem to be infested with more than its fair share of alt-right loons?

Alt-right? You mean that group primarily made up of technologically savvy young men opposed to foreign control over banking? ya I can't imagine how those people get into Bitcoin

whoa!! someone got their panties in a twirl enough to start a brand new account. 

I'll leave the panty wearing to the lefties. I prefer the term "rustled jimmies"

[BitcoinNewsMagazine]

Sentiment check. Moon or doom?

Was $13,800 the top? Was $10,300 the bottom?

IMO moon and $13,800 was not the top. Follow 3 day RSI and look for a top to form when 3 day RSI is over 90. I believe $10,300 was the local bottom.

[El duderino_]

Good morning Bitcoinland.

Working our way back up from the big correction/retrace the last couple of days... currently $12001USD/$15680CAD (Bitcoinaverage).

Hopefully we'll be seeing new AYHs soon.

Go Bitcoin go.

Good thats close to ATH!!!!

[El duderino_]

So just shy of 12k and the weekend ahead of us.
So are we expecting the usual weekend pump? If so, where do you think we will top out at?

[yefi]

IMO moon and $13,800 was not the top. Follow 3 day RSI and look for a top to form when 3 day RSI is over 90. I believe $10,300 was the local bottom.

It's truly jaw-dropping to think we may never see four digits again. Everybody thought there'd be copious time to accumulate... nope.

[El duderino_]

what is hydra? the kids' show baddies?

Hydra......??

= Kialara...

[realr0ach]

Mining on earth (metals) is already controlled by governments.  If you want to take over the bitcoin network it would be very expensive.  

Gold on the other hand will have its value wiped out with one not so large rock moved into orbit around the earth.   The age of metals being a store of value is almost over.    

Another scumbag Dyask post full of bullshit lies as usual.  Bitcoin devs themselves in the past from Gmaxwell to The Gavinator all seemed to make believe that it was inevitable ASICs would undergo commodification and hinted that Bitcoin would be completely pointless and valueless if they did not.  And this is the god damn developers, not fucktard pump and dump scammers like you.  Newsflash:  they never did and there is absolutely no reason for them to ever.  Even Luke Jr refers to ASICs as the equivalent of a pyramid scheme where you buy one and then the ASIC maker uses that money to build ten for himself.

The entire purpose of Bitcoin mining is to attempt to make it an open entropy system.  If the door fee to even get into the game is having millions/billions of dollars to design chips and build a state of the art foundry, then Bitcoin mining doesn't even serve a purpose because it's essentially a closed entropy system again run by four companies:  TSMC, Global Foundries, Samsung, and Intel.  As for metals mining, yes, large companies can use economy of scale or concentration of massive capital to exert advantages over the common man, but Bitcoin mining is a ubiquitous, winner take all pool where a monoply takes everything and metals are not.

If Barrick spends billions on creating state of the machines to mine gold that no other humans or civilizations on the planet can compete with, does that mean they get all the gold in the world?  No.  They do not get to magically tunnel under your house to steal your minerals.  You can get down there with a shovel and get them yourself if you want to, but you can't feasibly mine Bitcon by hand.  They would get to leverage their monopoly to steal all the Bitcoins in the world, though; because like I said, Bitcoin is omnipresent and ubiquitous - it's designed to faciliate corporate monpoly while metals are not.  As for your jackass claims about "metals having no value because you can find them in space durrr", I already shut you down and made you look like an idiot multiple times with these claims because the cost of production is laughable and not even feasible in the first place.

[infofront]

IMO moon and $13,800 was not the top. Follow 3 day RSI and look for a top to form when 3 day RSI is over 90. I believe $10,300 was the local bottom.

It's truly jaw-dropping to think we may never see four digits again. Everybody thought there'd be copious time to accumulate... nope.

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

[El duderino_]

Missing Salt Lake City girl found dead and media completely omits the fact that:  

1)  Murderer was black

2)  The girl posted on Tinder and other sites "Sugar baby seeking sugar daddy" trying to extort money from men

3)  Girl has shocking resemblance to MicGoosen's girlfriend (is she still alive?)

4)  All women are prostitutes whose goal is to try to get men to look at them in order to extract resources from them

https://dailystormer.name/dead-bitch-in-salt-lake-was-a-literal-whore-having-sex-for-money/

Come on man, leave it out. Just to confirm I met mic & his gf in Madrid, she’s really pretty, miles out of your league & a lovely girl too.

Maybe show girls a bit of respect, you never know, one might let you touch her one day.

Don't mind it LFC I know u know what you saw and met with ..... r0ach is just a real respect-less guy ....  

[El duderino_]

F*** r0ach and gembitz on the same page

yeah that means.....

HODLsleep



^
Goodnight fellow WO-members !!!!!!!!!!!!!!!!

[yefi]

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned - why couldn't we have just panic bought like bitches instead of being so methodical?

Still, can't complain.

[Spaceman_Spiff_Original]

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned - why couldn't we have just panic bought like bitches instead of being so methodical?

Still, can't complain.

I planned to buy in big at 2700-2800.  I knew 3000-4000 was cheap long-term, yet I got greedy again, still beating myself up about that.

[Dabs]

Another scumbag roach post full of bullshit lies as usual.

blah blah blah jews ... blah blah blah metals ... blah blah blah non-fungible ... blah blah blah centralized ... blah blah blah digital shitcoin ... blah blah blah transaction validators ... blah blah blah rube goldberg ... blah blah blah schelling point ... blah blah blah permissioned ledgers ... blah blah blah garbage human beings ... blah blah blah imaginary valueless ... blah blah blah artificial keynesian ... blah blah blah exter's pyramid ... blah blah blah social credit score system ... blah blah blah idiot ... blah blah blah scam ... blah blah blah tard ... blah blah blah fundamentals ... blah blah blah I'm really angry for some reason ... blah blah blah buy high sell low.

[Old Geek]

Alrighty then. We had a quick drop and held above 10000. Was that enough correction to take us to 15000?

[heslo]

Aaaand down we go :/

[HI-TEC99]

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned - why couldn't we have just panic bought like bitches instead of being so methodical?

Still, can't complain.

I planned to buy in big at 2700-2800.  I knew 3000-4000 was cheap long-term, yet I got greedy again, still beating myself up about that.

Ditto.

By breaking $10k the honey badger sent us all this message.

[realr0ach]

Good news-it would mean unbelievable prices ahead (300K-500K)

You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k.  Nobody would ever buy a coin for $500k when they can simply mine one for $3-6k instead.  And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.  The crypto pump and dump scam seriously is butting up against the limits of the natural world now but that sure doesn't stop you scammers from posting complete bullshit 24 hours a day.