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

[OROBTC]

...

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

Gold just touched $1500, and is at new ATHs in various FIAT$ around the world.

I have always believed in serious diversification.  I HODL BTC (plenty!), and watch it every day.  A pot-watcher.

Nonetheless, gold has 6000 years of proven value.  That IS meaningful.  Whether or not it retains its role into the future as the numeraire of all value assets remains to be seen (of course).  That is why diversification is so important.

NO ONE knows what will happen.  Not Shelby, not r0ach.  But, having an open mind is a great and wonderful thing.

[JayJuanGee]

I guess we will see these patterns for some time. Happened after the Gox Crash often. Not sure but I remember swings between 400-700. The good news is, we are seeing these kind of pump and dump @5digits  

Don't be fucking ridiculous.

This is NOT anything like after GOX crash.  You dumbass.

Currently, we are going up not down.... so consolidation is a question of whether we are going to continue going up.

GOX crash was after an already existence of two pumps in 2013 that more or less brought bitcoin from $15 to $1,163.. then thereafter the correction and GOX crash came in the shadows of that.

In other words, you need a better example to make whatever point you are wanting to make about the meaning of this particular BTC price consolidation that we are currently witnessing.

[GreatArkansas]

YTD Bitcoin Hashrate and Bitcoin Market Capitalization charts.

[jbreher]

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

I dunno. 'Gold and Silver Good' is a pretty generic message that can be absorbed anywhere. I don't really see any need to swallow r0ach's flawed axioms at the same helping. Isn't Schiff or some similar goldbug's opinion not closed enough?

[BitcoinGirl.Club]

It's very very early in the morning and I can not sleep. Observing @ $11,630 we are good.

[JayJuanGee]

I passed or failed the Turing test quip?  Or was the test included in the post to which I have not yet responded?  

By the way, did the "highly amused" chick agree to bang you, yet?  Chicks do tend to prefer to be "highly amused" as much as possible and some chicks are more easily humored than others.  

No,yes and nyb.

O.k.  Well if I supposedly failed the Turing test based on not responding to a post, then that seems like a pretty lame methodology.

Second, like I said, if you got the bang then great, and probably it is not necessary to kiss and tell here, in spite of your already have had leaked your citeeeee levels.

Edit: On a third note, I had to go back and fix your quotes because for some reason your editing out part of the earlier post and screwed up the attributions... You fuck!!!!!!!!  So, now this is the full one.. I am going to attempt to go back in again and to cut down the post properly, edit one more time and to make the proper attributions... These are the kinds of things that bots are handy for and what they do in their spare time.  Clean up after human wannabes.  Don't you know nuttin?

Good one, funny thing is I have been trying to make a friggin post for 1/2 an hour and I was just telling to stop talking to me because I don't wanna fuck up the quotes! That was another thread, i'm not worried about fucking yours up

Oh great... Now I am enabling ineptitude by fixing the fucked up walls of texts of others.... great .. great great...  Am I an editor now, or what..? great.

[HairyMaclairy]

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

I dunno. 'Gold and Silver Good' is a pretty generic message that can be absorbed anywhere. I don't really see any need to swallow r0ach's flawed axioms at the same helping. Isn't Schiff or some similar goldbug's opinion not closed enough?

No one has done more to convince me that gold is a barbarian relic than roach

[JayJuanGee]

I wonder: Would a Trezor survive liquid nitrogen?

Half-jokingly...USB connector tech has to survive too, which is not likely.
Maybe you can use a microscope to get the info, though.
Here is something regarding 11th century (and nearby) tech.
https://en.wikipedia.org/wiki/Medieval_technology
Well, interestingly enough, wheelbarrow was invented back then (in 12th century).

This is not quite 100% a joke: If you really believe Bitcoin is the shit, and it will be worth more later then there is a certain logic with dying with some, then being revived later, remembering your passphrase from long term memory, and having the whole money thing taken care of.

12th century paper and such is quite readable even now, as are long dead languages. It's not impossible to read an 8 inch floppy or a 1950's era core memory you just have to build an interface (trivial with something like a Raspberry Pi and a set of amplifiers). Maybe Cryptosteel anded with a code you memorize. Or a Cryptosteel that decrypts a Trezor wallet that is protected with a passphrase. Might be too easy to hack. Then again in 100 years a Trezor
s physical security would probably be trivial as well.

Hm. Do I really want to dunk my head in a tank of liquid nitrogen?

There might be some reasons to want to secure your bitcoin beyond one or two generations, but I think that it is better to discontinue with your scenarios about being able to come back in a future life... that's fucking ridiculous.  We have to be more practical in terms of our own finite lives and our financial and psychological plannings around our inevitable deaths... there are way the fuck more chances for life extension than being able to come back and even life extensions are likely not going to give you a whole hell of a lot of time.  So more practical is just to think of how you are going to spend your bitcoins while you are still alive and the extent to which you might want to pass some of them down.. Of course, you lose a decent amount of control when you pass down, and trusts that you control can usually only go a bit beyond the measurement of any life in being at the time that you create the trust... within the vast majority of common law rules against perpetuities principles.

[JayJuanGee]

...

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

Gold just touched $1500, and is at new ATHs in various FIAT$ around the world.

I have always believed in serious diversification.  I HODL BTC (plenty!), and watch it every day.  A pot-watcher.

Nonetheless, gold has 6000 years of proven value.  That IS meaningful.  Whether or not it retains its role into the future as the numeraire of all value assets remains to be seen (of course).  That is why diversification is so important.

NO ONE knows what will happen.  Not Shelby, not r0ach.  But, having an open mind is a great and wonderful thing.

You think that we need more hopium gold pumpers in here?   fuck.

[JSRAW]

"Media on Bitcoin:

2010: "what"
2011: *laughs*
2012: *laughs*
2013: *laughs*
2014: *laughs*
2015: *laughs*
2016: "Bitcoin used by criminals"
2017: "Bitcoin is a bubble"
2018: "Bitcoin wastes energy"
2019: "Bitcoin is safe haven and digital gold! Buy it!"

That escalated quickly."

https://twitter.com/Rhythmtrader/status/1158841530532188160?s=19

[epilido]

I wonder: Would a Trezor survive liquid nitrogen?

Half-jokingly...USB connector tech has to survive too, which is not likely.
Maybe you can use a microscope to get the info, though.
Here is something regarding 11th century (and nearby) tech.
https://en.wikipedia.org/wiki/Medieval_technology
Well, interestingly enough, wheelbarrow was invented back then (in 12th century).

This is not quite 100% a joke: If you really believe Bitcoin is the shit, and it will be worth more later then there is a certain logic with dying with some, then being revived later, remembering your passphrase from long term memory, and having the whole money thing taken care of.

12th century paper and such is quite readable even now, as are long dead languages. It's not impossible to read an 8 inch floppy or a 1950's era core memory you just have to build an interface (trivial with something like a Raspberry Pi and a set of amplifiers). Maybe Cryptosteel anded with a code you memorize. Or a Cryptosteel that decrypts a Trezor wallet that is protected with a passphrase. Might be too easy to hack. Then again in 100 years a Trezor
s physical security would probably be trivial as well.

Hm. Do I really want to dunk my head in a tank of liquid nitrogen?

Ummmm....just remember the seed and tattoo the I have bitcoin message.  If you can’t rember the seed then the reanimation was ....

[Paashaas]

Coinbase must face negligence suit over bCash launch.

https://www.bloomberg.com/news/articles/2019-08-07/coinbase-must-face-negligence-suit-over-bitcoin-cash-launch

[jojo69]

Coinbase must face negligence suit over bCash launch.

https://www.bloomberg.com/news/articles/2019-08-07/coinbase-must-face-negligence-suit-over-bitcoin-cash-launch

That article is the worst kind of word salad...almost unreadable.

This "Joel Rosenblatt" should be delivering pizzas.

[VB1001]

I'm twelve pages behind and I'm leaving in a few hours. It feels bad to leave with a backlog to start  
I will be out for a month more or less, and my access to this forum will be very limited.
I hope she behaves while I'm not here. I will be checking on her anyway

Maybe I'll be able to able to post before I leave. If not, see you in a few weeks.

Enjoy your vacation, when you return there will be many pages to read, rest.



CMC > BTC Dominance:  68.3%

Bitstamp > 1 BTC = +/- 11,665

All right.
 
Good morning WO,s

[Lambie Slayer]

I suspect the domestic terror threats of the next decade will be incel shitcoiners (every coin but Bitcoin) killing innocent nocoiners for not adopting their shitcoin.

Bitcoiners wont be affected bc of the ability to afford the best security sound money can buy.

via Imgflip Meme Generator

Hey Lambie! When $4900? 

I prefer we never see it again. 100k next month sounds more fun

But..... if 12300 ends up just being a lower high I would expect to see sub 9k in the next 30 days. 4900 was never really likely imo as I stated, just a number I dont think we can go below if shit really hits the fan.

[fillippone]

I'm twelve pages behind and I'm leaving in a few hours. It feels bad to leave with a backlog to start  
I will be out for a month more or less, and my access to this forum will be very limited.
I hope she behaves while I'm not here. I will be checking on her anyway

Maybe I'll be able to able to post before I leave. If not, see you in a few weeks.

Have a nice time out Eddie!
Don’t worry, JSRAW will do a wonderful recap post for you when you are back.
Price preciction when you are back:
1 BTC=1 BTC

[Lambie Slayer]

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

Meeeh them burgers is maybe 1% meat 

Its a vegan "burger". no meat

[Lambie Slayer]

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

Meeeh them burgers is maybe 1% meat  

I thought that the whole point is that there is 0% meat in them.

Fucking gross, but surely appealing to certain types of bullshit progressive logic  that wants to deceive us into believe that not natural is better for us than what nature makes... go figure.

I pretty much knew it was gonna be shit going in, but I like hearing all sides of arguments, and in this case I had to eat one to "hear" the vegan side of the story. Ironically the vegan patty is processed like a mofo and has more calories and sodium than the real thing. 

[JayJuanGee]

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

Meeeh them burgers is maybe 1% meat  

I thought that the whole point is that there is 0% meat in them.

Fucking gross, but surely appealing to certain types of bullshit progressive logic  that wants to deceive us into believe that not natural is better for us than what nature makes... go figure.

I pretty much knew it was gonna be shit going in, but I like hearing all sides of arguments, and in this case I had to eat one to "hear" the vegan side of the story. Ironically the vegan patty is processed like a mofo and has more calories and sodium than the real thing.  

Thanks for taking one for the team, team meat.... to the extent that we need a team.  

At some point we might be the only humans left living, unless a separate branch of humans split off, like the bcashers, but even the bcashers and even bcasher SVers don't seem that dumb.  Maybe the eth_heads would be a better comparison with their tendencies towards sustainability bullshit arguments?

[Lambie Slayer]

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

 Sadly, they gave Jesus fish.

Yep, thats why he ascended to the Carolina Moon and left them behind to get martyred. Rip fish boyz  shoulda had some beef handy.

via Imgflip Meme Generator