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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25438284 times)
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AlcoHoDL
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August 18, 2019, 10:32:10 PM

same place different vantage point.



Was this photo taken in 2018? Not that it matters...
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August 18, 2019, 10:36:29 PM

same place different vantage point.



Was this photo taken in 2018? Not that it matters...

LoL, August 18th of 2019

Cheesy
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August 18, 2019, 10:37:47 PM

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Meaning a WO hat sporting brother has actually been holding  scammy BCH on the evil exchange Coinbase??!!
Why...this is treason!!! 
<fist shakes in the air>

I am going to add to this doggie pile that jo-squared also seems to enjoy pumping LTC, from time to time.

Hahahahaaha


Some of us have no shame.

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August 18, 2019, 10:42:08 PM

C’mon JJG you could write a book in less than a day

Might have to really focus, and I would imagine that it would take me well over a year.

I might need a good editor, too.  I have had troubles with that in the past, due to my seeming underlying stubbornness, believe it or not.
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August 18, 2019, 10:42:29 PM


You seem a bit confused sir.  

Money can be printed without inflationary consequences.*

That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.

The total global pool of assets has just increased.

Wealth, from nowhere.  





*If you happen to be the global reserve currency.




Surely you don't define wealth as money ?   In the scenario you describe, only money is created.   Money = debt.  It just marks-up the ledger with additional/other debtors and creditors.

( Apologies if you meant /s )
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August 18, 2019, 10:42:40 PM

Looks like Some kind of festival..... or evening thing Cheesy

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff Cheesy

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August 18, 2019, 10:44:50 PM

Looks like Some kind of festival..... or evening thing Cheesy

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff Cheesy



 Thanks Mr. MicG.  Having a good time but it is sooooo hot here compared to home.
I'm always looking for inspiration Smiley

edit: It was a festival.
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August 18, 2019, 10:51:02 PM

Looks like Some kind of festival..... or evening thing Cheesy

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff Cheesy



 Thanks Mr. MicG.  Having a good time but it is sooooo hot here compared to home.
I'm always looking for inspiration Smiley

edit: It was a festival.


Bucharest tomorrow and the rest of the week around 32-34 degrees, so yes very hot.... Is that where you are atm??

Damn I probably Will find out in the morning.... time to catch my HODLsleep, need to wake up early :-/
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August 18, 2019, 10:53:04 PM

Does the creation of money increase wealth ? Here is a way of seeing it :

Money is a ledger entry. It defines and creates debtors and creditors.  The newly created debtors have an incentive* to use their assets (labour etc) to produce real things, or wealth, but the money itself, even gold, does not create the wealth.

*The incentive is to work to rebalance the ledger again (get back money for themselves), and the new creditors have some power to direct those efforts.
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August 18, 2019, 10:58:29 PM
Last edit: August 18, 2019, 11:13:01 PM by Biodom

The way I see it, if you truly believe that printing money creates wealth, than you did not get the very idea of bitcoin.
Yes, you can be a trader of it, of course, which I guess many here are.

Here is another question.  What is the NPV of the US national debt in a negative interest rate environment?

Tell me, but I heard that NIRP has consequences:

Quote
1) compress net interest margins and bank profits;
2) damage consumer and business confidence;
3) provide little incentive for business invest in capital rather than buy back stock;
4) hurt savers;
5) makes active management more difficult by dampening dispersion;
6) increase demand for gold and other hard assets; and,
7) likely widen the wealth gap

https://www.barrons.com/articles/strategas-7-unintended-consequences-of-nirp-1465825134
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August 18, 2019, 10:58:42 PM

Here is another question.  What is the NPV of the US national debt in a negative interest rate environment?

NIRP and ZLB oh my..  Doesn't seem like it could end well. Inverted yield curves ...yuk.


I am comfortable with #hodling..thanks.


------

Looks like Some kind of festival..... or evening thing Cheesy

I cannot find the place right now, but I do hope you have an awesome time.... and find Some inspiration for future WO-hats and stuff Cheesy



 Thanks Mr. MicG.  Having a good time but it is sooooo hot here compared to home.
I'm always looking for inspiration Smiley

edit: It was a festival.



EU still melting...so glad I didnt travel abroad this summer..




^
This seems like a most excellent clue...


Carry on.
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August 18, 2019, 11:00:26 PM

^
Indeed that Will be a clue.... but F*** I have to catch Some sleep ASAP....

Good night WO-brothers
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August 18, 2019, 11:05:46 PM

The way I see it, if you truly believe that printing money creates wealth, you cannot be a serious bitcoiner.
Yes, you can be a trader of it, of course, but you did not get the very idea of bitcoin.

Bitcoin brings integrity to the system, and creates incentives for traditional fiat systems to become more honest about both their fiat and/or what backs the fiat.  It is likely that they are going to be able to get away with these kinds of smoke and mirrors for decades to come, but bitcoin is surely going to cause pressures upon them in ways that we cannot quite project, currently.

So, what I am saying is that bitcoin is too god-damned immature to really have any kind of meaningful ideological effect on traditional fiat systems, as you want to ascribe, Biodom, but does not mean that the continued existence of BTC is not going to move the world in the direction that you seem to be prematurely ascribing to the totality of our ongoing and likely transition of increasing and increasing bitcoin dominance (even if, sometimes, it might only show up as less than 1% of dominance on measures, such as coinmarket cap and other deceptive means to attempt to make bitcoin look less  important than it is or that it is going to be in the future).
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August 18, 2019, 11:06:41 PM

If you got rid of Antifa the ProudBoys and other violent alt-right groups would still be here. Not the other way around. Antifa is a response to the alt-right. If you think they are just 2 equal sides to the same coin you have not been paying attention.

"Over the past decade, extremists of every stripe have killed 372 Americans. 74 percent of those killings were committed by right wing extremists. Only 2 percent of those deaths were at the hands of left wing extremists." (and note none of those deaths have been by Antifa)

https://www.snopes.com/news/2017/08/17/are-antifa-and-the-alt-right-equally-violent/

I find apologists for either of these groups to be disgusting.
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August 18, 2019, 11:55:58 PM
Last edit: August 19, 2019, 01:21:33 AM by STT
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There's another Satoshi out there, making his "big reveal" later today:

We are all Satoshi, this whole thing relies on the many for it to continue not the single person to reveal or not.    I'm never looking for a reveal, this kind of news is for muggles who dont even really use BTC anyway lol
Quote
I think he used this post as a way to communicate with me, as he knew all my emails had been hacked
So this was a person not using PGP ?

Quote
define wealth as money

Wealth is the ability to produce, money is the transaction.    I think its slightly wobbly standing when we have too much debt described as wealth, we cant tell if the debt will be paid or not yet.   The money isnt tied to any fixed amount, its varying every year for sure.   Of the two, give me the means of production and/or actual outright assets any day.

Quote
You seem a bit confused sir.  

Money can be printed without inflationary consequences.*

That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.

The total global pool of assets has just increased.

Wealth, from nowhere.  





*If you happen to be the global reserve currency.
I'd argue the world is confused, its a global illusion we are in for many years now.    Its better arguable the global reserve currency is gold.   Of course many countries have held this title and with FIAT currency but none retained it forever and so the future is change is quite certain.   Change is the only constant  ;another saying to add to the pile.

Quote
Think $1 million per bitcoin is crazy? That's because it is.

What's even crazier though?

Quanatative easing, negative interest rates, fractional reserve banking, elimination of cash, surveillance, capital controls, and inflation.

I think $1m BTC is possible seriously as its just a nominal tag not a value as such and we have to recognise this is an extreme scenario.   It wont happen in isolation, prices dont move by themselves.   The world will change and BTC price if it moved that much will not move by itself.    I think some things are just beyond our imagination, how do we imagine a thousand price changes and all the effects and the way the world might be different then.  

The best scenario is buy BTC when it was below $50. (Ideally, when it was below $1).
Dont troll yourself with what ifs.    Generally everyone should save a little more because it makes you alot better off in future.  
I used one of the first Windows releases, I literally said buy Microsoft shares because this is going to change everything as even back then computers held massive potential but not for the common person.  
I cant blame anyone for ignoring an opinion and 1996 when I had 2 bucks I skipped buying the shares, I thought they had already rose.  I was wrong and I've been wrong dozens of times since of potential for change.

$18,000 in MSFT 1990 was $1m ten years later
$1000 in CSCO 1990 was $1m ten years later

Even recently I owned CSCO at $16 and its $40 now    and INTC at $19 and its $50 so I repeatedly lack vision on the possible expansion in loose money environments but are giant changes possible ?   no doubt
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August 19, 2019, 01:05:44 AM

a Sunday Wall report

I suppose one would not be much of a wizard if one can not view 'the stand of the tide' and still feel like making a prognostication. Meaning, bitcoin and other markets are what I would call 'slack' and lacking direction at the moment. This will change.

August has been a month of profit taking. The coming week will probably see this trend continue with a possibility of a end of the month rally like we have been seeing.

Bitcoin, along with most other markets has been rattled by talk of a potential recession. If anything I think this will strengthen bitcoins position as a store of value. All that being said..I have made some notations on the charts that might be helpful to some. I also think you should #dyor

1h


4h


D


W

#stronghands'19
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August 19, 2019, 01:10:52 AM

same place different vantage point.



Was this photo taken in 2018? Not that it matters...

LoL, August 18th of 2019

Cheesy

Ooops! Now, how on earth didn't I think of this? The way it was written, it just seemed like a year...  Lips sealed

LOL, thx!
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August 19, 2019, 05:02:56 AM

Two vantage points and more pixels



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August 19, 2019, 05:03:44 AM

Proudboyz and Antifa were causing trouble at the corn festival this weekend. They were arguing over which shitcoin is the best.  Roll Eyes

https://wkow.com/news/top-stories/2019/08/17/fight-arrests-at-sun-prairie-sweet-corn-festival/
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August 19, 2019, 05:28:06 AM


https://beincrypto.com/mastercard-is-putting-together-its-own-cryptocurrency-team/


"The team will be responsible for both monitoring related trends and developing new products for the industry."

So basically the team will spend half its time reading WO  Cheesy
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