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

[gentlemand]

they passed an emergency law to make brexit illegal without a deal with EU which they are never going to get.

They have one. Parliament didn't like it enough three times in a row or whatever it was.

Johnson is a detestable slug who'll do or say anything anyone wants to hear. For once he can't hide behind his 'charm' or lie or ignore his way out of whatever adversity he usually brings on others. Ain't nowhere to hide for once.

For once a reasonable proportion of his party chose the national interest over the masturbatory fantasies of a few hedge fundies and deranged pensioners. Many of the 'traitors' are committed Brexit fans who know useless blag when they see it.

Still doesn't solve anything though.

[mindrust]

it smells 11k'ish

Smells 50k

$100k.

[El duderino_]

it smells 11k'ish

Smells 50k

$100k.

[vroom]

So Brexit is not going to happen. Boris got backstabbed by his own fucking party, they passed an emergency law to make brexit illegal without a deal with EU which they are never going to get. Boris has called for an election and he has just been voted in not even 2 months ago. We have an official banana republic, and anyone looking to leave the west would do well to speed up their plans. Things will get really, really bad within the next five years.

I don't understand why the EU has so much patience with the UK. I would have expelled them long ago. They behave like the biggest clowns and make ridiculous demands.

[SuperTA]

Ok, you probably know what i'm doing lately. Watching the yellow resistance area and the orange area. I'm a hodler, but i use a small % of my portfolio to trade, just for fun. So i'm selling just a little bit in the yellow area, buy back at the bounce from the orange area and sell again just a little bit in yellow again. Until it reaches the upper trendline at around 11.000/11.100 where bitcoin will decide where to move next. But i still hold majority for the long term.

[El duderino_]

Just a message from a near future

[mindrust]

I know this is the actor, not him

The legend has spoken:

"Big Short" Investor Michael Burry Explains How Index Funds Will Trigger The Next Crash

Just a part of the article, I recommend you read all.

It Won't End Well

"This structured asset play is the same story again and again - so easy to sell, such a self-fulfilling prophecy as the technical machinery kicks in. All those money managers market lower fees for indexed, passive products, but they are not fools - they make up for it in scale."

"Potentially making it worse will be the impossibility of unwinding the derivatives and naked buy/sell strategies used to help so many of these funds pseudo-match flows and prices each and every day. This fundamental concept is the same one that resulted in the market meltdowns in 2008. However, I just don’t know what the timeline will be. Like most bubbles, the longer it goes on, the worse the crash will be."

Can't help it.

[Ibian]

So Brexit is not going to happen. Boris got backstabbed by his own fucking party, they passed an emergency law to make brexit illegal without a deal with EU which they are never going to get. Boris has called for an election and he has just been voted in not even 2 months ago. We have an official banana republic, and anyone looking to leave the west would do well to speed up their plans. Things will get really, really bad within the next five years.

I don't understand why the EU has so much patience with the UK. I would have expelled them long ago. They behave like the biggest clowns and make ridiculous demands.

The brits pay about ten percent of the EU budget. That's why. It's all about money. They can't afford to let them leave, under any circumstances. If they do others will follow and the entire communistic house of cards would fall down.

[bitcoinPsycho]

So Brexit is not going to happen. Boris got backstabbed by his own fucking party, they passed an emergency law to make brexit illegal without a deal with EU which they are never going to get. Boris has called for an election and he has just been voted in not even 2 months ago. We have an official banana republic, and anyone looking to leave the west would do well to speed up their plans. Things will get really, really bad within the next five years.

I don't understand why the EU has so much patience with the UK. I would have expelled them long ago. They behave like the biggest clowns and make ridiculous demands.

The brits pay about ten percent of the EU budget. That's why. It's all about money. They can't afford to let them leave, under any circumstances. If they do others will follow and the entire communistic house of cards would fall down.

The sooner the better

[Wilhelm]

So Brexit is not going to happen. Boris got backstabbed by his own fucking party, they passed an emergency law to make brexit illegal without a deal with EU which they are never going to get. Boris has called for an election and he has just been voted in not even 2 months ago. We have an official banana republic, and anyone looking to leave the west would do well to speed up their plans. Things will get really, really bad within the next five years.

I don't understand why the EU has so much patience with the UK. I would have expelled them long ago. They behave like the biggest clowns and make ridiculous demands.

The brits pay about ten percent of the EU budget. That's why. It's all about money. They can't afford to let them leave, under any circumstances. If they do others will follow and the entire communistic house of cards would fall down.

What I know is...
The UK is the fifth biggest economy in the world.
And except for France the UK is the only other country in the EU that have their own nuclear weapons.

And the EU are too nice 😇

[Wilhelm]

Bitcoin is one Rollercoaster now.... Wheeeeeee!!!

[hodl_2015]

I don't understand why the EU has so much patience with the UK. I would have expelled them long ago. They behave like the biggest clowns and make ridiculous demands.

The EU membership is not really an advantage for some members, as the free trade and strong Euro (compared to there old devaluing currencies) is killing there economy. This is more-or-less compensated by the EU sending lots of fiat there way, to make them stay. Then there are several small and large members that end up footing the bill for that. The small members don't really have a choice as they are small and the EU isn't even very democratic in the first place. The big countries footing the bill get somewhat compensated by killing the economy of other members, and they get a lot of political power, because in the end, the one who spends the fiat decides. This whole situation is very unstable but somehow managed to not really go anywhere. Now a big to middle-sized nett-paying members leaves. What is remaining is France and Germany being the only remaining big members, and without the UK write the law, as long as they can keep the small members divided. Financially there is a big hole as the EU seems incapable to adjust there budget, so everyone will have to pay more, most small members get much less influence, and the biggest problem: some members will for the first time have to send fiat to the EU instead of it only going in the other direction. If you think the UK is making ridicules demands, just watch what these last group of members are going to do.

I think the EEG trading agreements and open markets, with shared product standards was good. A single currency was not good, and many members would never have been allowed to join it if the rules where strictly followed (and the agreed financial rules are still not enforced). Giving the EU a budget and the power to spend it (and demand budget increases) was the biggest mistake. If leaving countries go back to something like the EEG and have linked currencies that can be uncoupled if needed, we would all be in a much more stable and long-term situation than now.

[JayJuanGee]

I bought decent amount worth of bitcoin when it hits $8500 to $9000 in 2018 but after that it went to $3000 nearly which is the place most of the people lost their faith and sold their bitcoin for extreme losses.But you know I didn't do that mistake and now in profits

You were not able to buy below $8,500 and above $3,120 between about late 2018 and about May 2019?

Or did you feel that you were already too much invested in BTC?

[Ibian]

I don't understand why the EU has so much patience with the UK. I would have expelled them long ago. They behave like the biggest clowns and make ridiculous demands.

The EU membership is not really an advantage for some members, as the free trade and strong Euro (compared to there old evaluating currencies) is killing there economy. This is more-or-less compensated by the EU sending lots of fiat there way, to make them stay. Then there are several small and large members that end up footing the bill for that. The small members don't really have a choice as they are small and the EU isn't even very democratic in the first place. The big countries footing the bill get somewhat compensated by killing the economy of other members, and they get a lot of political power, because in the end, the one who spends the fiat decides. This whole situation is very unstable but somehow managed to not really go anywhere. Now a big to middle-sized nett-paying members leaves. What is remaining is France and Germany being the only remaining big members, and without the UK write the law, as long as they can keep the small members divided. Financially there is a big hole as the EU seems incapable to adjust there budget, so everyone will have to pay more, most small members get much less influence, and the biggest problem: some members will for the first time have to send fiat to the EU instead of it only going in the other direction. If you think the UK is making ridicules demands, just watch what these last group of members are going to do.

I think the EEG trading agreements and open markets, with shared product standards was good. A single currency was not good, and many members would never have been allowed to join it if the rules where strictly followed (and the agreed financial rules are still not enforced). Giving the EU a budget and the power to spend it (and demand budget increases) was the biggest mistake. If leaving countries go back to something like the EEG and have linked currencies that can be uncoupled if needed, we would all be in a much more stable and long-term situation than now.

It's not a benefit for any country. The richest countries pay more than they get out of it, countries like romania are losing almost literally their entire working population, and on and on. The only ones that benefit are the politicians sitting down in their little Tower of Babel (they have an actual tower of babel-like thing inside their building) collecting billions from the rest of us.

[mindrust]

I think the EEG trading agreements and open markets, with shared product standards was good. A single currency was not good, and many members would never have been allowed to join it if the rules where strictly followed (and the agreed financial rules are still not enforced). Giving the EU a budget and the power to spend it (and demand budget increases) was the biggest mistake. If leaving countries go back to something like the EEG and have linked currencies that can be uncoupled if needed, we would all be in a much more stable and long-term situation than now.

Multiple currencies wouldn't have done well neither.

USD and EUR and JPY and CNY are all competing against each other. If there were also Deutsche Mark, French Francs, Greek Drachma, Italian Lira, what difference would it make other than complicating things even further?

EU gave all those countries a chance to act as one, united but some are too proud for that shit.

Not accusing anyone for anything, in the end everybody will choose what suits them the most cuz we are selfish bastards.

[STT]

Bit of history to remember is the UK was forced to leave the EU single currency prior to euro over 25 years ago.   It was not supported then by its 'partners'  perhaps because it was too big is my estimate.

Leaving the EU doesnt mean ceasing trade, its all about the nonsense which is politics.  Business and the people would continue to be fine I believe, I was surprised on the Brexit vote but the main incentive seemed to be people wanted to vote out the people in control and that was not especially in their grasp so they opted to leave.    Politics doesnt agree with leaving behind such a rich source of yet more politics but I dont believe UK would suffer any more then Norway does sitting outside EU by their own populations choice, its mostly about democracy I think.   Germany or others cant block UK trade, its way too large to lose as a target market.
   Meanwhile the Sterling currency is dropped to a discount to dollar and EURO which I would guess is a positive as it reflects reality, BOE has printed giant amounts of QE and the currency is indeed worth less then ten years ago.   Better to price it realistically and to engage world business then suffer a false economy and the burden of even further debt; lower exchange rate does mean import prices rise though.

  All the major currencies creating QE programs they cannot unwind, struggle to stop even is part of why BTC has a tailwind behind it.



Main market trader think we are risk adverse at present on several fronts, I think that does play on BTC also

[Ibian]

I think the EEG trading agreements and open markets, with shared product standards was good. A single currency was not good, and many members would never have been allowed to join it if the rules where strictly followed (and the agreed financial rules are still not enforced). Giving the EU a budget and the power to spend it (and demand budget increases) was the biggest mistake. If leaving countries go back to something like the EEG and have linked currencies that can be uncoupled if needed, we would all be in a much more stable and long-term situation than now.

Multiple currencies wouldn't have done well neither.

USD and EUR and JPY and CNY are all competing against each other. If there were also Deutsche Mark, French Francs, Greek Drachma, Italian Lira, what difference would it make other than complicate things even further?

EU gave all those countries a chance to act as one, united but some are too proud for that shit.

Not accusing anyone for anything, in the end everybody will choose what suits them the most cuz we are selfish bastards.

EU is a super state of the same type as the soviet union. They don't want cooperation, that was never the goal. They want slaves.

[JayJuanGee]

BobLawblaw and JayJuanGee have the same digits of merits as the years when my brother and grandfather were born. And JayJuanGee's activity 2002 the best days of my life.  

Was 1386 a good year for one of your relatives, too?  Or perhaps a tree or mushroom that is still living that you currently have relations?

 

[SuperTA]

lol, watch out 1940, your merits are currently at the war zone  

You probably know that i mentioned before (i don't like mushrooms)  
but i like the trees, i hope for the amazon forest, i planted a few ordinary trees by myself (very proud) 

[El duderino_]

Bitcoin is one Rollercoaster now.... Wheeeeeee!!!

Insert rollercoaster gif, but to lazy already in my HODLnest and to lazy to go to my computer