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

[Wilhelm]

Nice pump ... hope we get to escape velocity

[LFC_Bitcoin]

I usually buy & the price goes down but feeling quite happy with myself seeing this price move. Over the last 2 weeks I added 2 more full bitcoin’s (inheritance - God bless you Auntie June) & it looks like we COULD be ready to start moving upwards.

$11,000 by next week?

There seems to be something in the air in cryptospace atm, I dunno maybe it’s just me but it feels like we might start going places by the end of the year as we get what, 6 months away from the halving at the turn of the year?

I’m saying $14,000 by NY.

[Lauda]

More garbage bites the dust. Crazy to imagine that this was "valued" @ $600m+. Source.

[Torque]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

[Arriemoller]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

Sweden is considering a 100 year bond. https://borsvarlden.com/artiklar/riksgalden-blickar-mot-obligationer-med-loptid-pa-100-ar/

[jojo69]

like any of this fucking shit is going to exist in 50 years...

[Searing]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy

if he attempted such? Or would it just be a big yawn and ignored?

later

brad

[BitcoinGirl.Club]

@JSRAW:
You never disappoint. Good to know V8 is back.

It only works when I say it. 

WellWe'reWaiting.png

One hour past and still observing @ $10,280 🤪

[Ludwig Von]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

Sweden is considering a 100 year bond. https://borsvarlden.com/artiklar/riksgalden-blickar-mot-obligationer-med-loptid-pa-100-ar/

Argentia and Austria already have 100 year bonds. And apparently Argentina is on the break of default... .

[Searing]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

Sweden is considering a 100 year bond. https://borsvarlden.com/artiklar/riksgalden-blickar-mot-obligationer-med-loptid-pa-100-ar/

Argentia and Austria already have 100 year bonds. And apparently Argentina is on the break of default... .

Question: If Aregentina defaults does that mean your 100-year bond is also toast? Or will that maybe still exist and come back after such a default?

(unlikely it will come back from such, but asking)

brad

[fillippone]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

Sweden is considering a 100 year bond. https://borsvarlden.com/artiklar/riksgalden-blickar-mot-obligationer-med-loptid-pa-100-ar/

Argentia and Austria already have 100 year bonds. And apparently Argentina is on the break of default... .

Question: If Aregentina defaults does that mean your 100-year bond is also toast? Or will that maybe still exist and come back after such a default?

(unlikely it will come back from such, but asking)

brad

The 100 year argentinian bond is denominated in USD, not in ARS.
This means that, in normal circumstances (think a bond issued Denmark in EUR) this bond is more likely to default because the central bank cannot "print" the money to pay the interests (Cfr: Greenspan https://www.youtube.com/watch?v=Ck3FuTzZvhI).
But this bond is different, as this bond was sold maily abroad,the investors wanted very specific warranties and fund being segregated specifically to pay that bond.
Nevertheless, this bond paying an annual coupon of 7.125 is trading at 44 (off the recent lows of 37). I.e. you can go flat receiving 7 coupons. Out of 100.

In case of domestic default (not paying debt in ARS) of course that bond would suffer, but you have to consider that usually the most hit debt is the shorter, the one they have to actually repay.
This is meant to be repaid in 2117, so plenty of time to think about it (and to default again multiple times).
This is something more toxic than Bitcoin... for the man of the street.
Think only about hte equivalent Austrian bond: same maturity, annual coupon of 2.10 in EUR... it can be your for only 180...

[soxxx]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy

if he attempted such? Or would it just be a big yawn and ignored?

later

brad

It wouldn't be bright, a lot of his base are crypto users. Remember Trump campaign was born on the internet, it was people on the internet (4chan, Reddit, Twitter) that pushed or "memed" him to victory. Also Steph Bannon, the guy who he gets many of his ideas from is Pro-Crypto advocate.

[bkbirge]

I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy
if he attempted such?

It wouldn't be bright

Brightness isn't a hallmark trait any of the Trumps are known for. I think it's consistent with Trump's lack of critical thinking if he were to enact a unilateral move against crypto. And the old guard on both sides of the aisle are very wary of crypto so it could get considerably more rocky before it gets better on the regulation front. Good news is they won't live forever, and the mainstream bankers, at least the worker bees are seemingly far more crypto aware.

[mindrust]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

https://twitter.com/realDonaldTrump/status/1172120964232093697

This is good for Bitcoin. Let them burn.

[VB1001]

Years ago, my last superbike also had the number 900, just remembering, it has been a flash in the mind, it's age...

[El duderino_]

People underestimate how quickly Bitcoin will go from $20k to $50k and then $100k.

Most of the new people have never seen a full bull market. They have no idea how much Bitcoin will pump once it really gets going!

https://twitter.com/btc_macro/status/1172129478048243712?s=21


^
Keep it coming

[Hueristic]

27. xhomerx10 "mmmm cleavage" his dog's name is ciggratte

Yeah, that was a drag.

...

The EU blocked the takeover of the LSE by the German Exchange a couple of years ago.

Let’s hope Boris is paying attention.  

More than his job's worth to flog off the LSE to China IMO.   Even Boris isn't THAT stupid.  

Much of the UK's income is invisibles (insurance / banking etc.) and most of that is based in London with the LSE and other exchanges at its epicentre.  Selling the LSE effectively to the PBOC won't happen (in a sane world).

I think you're underestimating Boris... The level of insanity he's capable of is practically unlimited...

Yep, an inveterate liar with a Churchill fetish who was at best an average Oxford student - what could go wrong?   In my defence, I did qualify my statement with 'in a sane world' - of course the problem is that we are not necessarily in one.

That did not go unnoticed.

[DaRude]

OT: This is a HUGE red alert flag if the U.S. is seriously considering this...

https://www.cnbc.com/2019/09/12/mnuchin-says-the-treasury-is-seriously-considering-issuing-a-50-year-bond-next-year.html

Zero interest rates in the U.S. soon^tm

BUY BITCOIN. BTFD.

I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy

if he attempted such? Or would it just be a big yawn and ignored?

later

brad

Well you can't ban code, so realistically worst US can do is prohibit banks dealing with BTC and close US based exchanges. Price would instantaneously dump, and BTC market will go underground in US. But i'm a strong believer that current global financial system is a zero sum game, meaning what's bad for US would be good for the other side China, Russia, EU?, Iran etc... So the growth will just come from there

[d_eddie]

Good afternoon WO!
Observing @ $ 10,210

And I have 40 pages in the queue to look for.

May be I can take help from JSRAW 😉

Here you go bro

1. .................................
-snip-

Great summary as usual! Merited.

I have a suggestion. How about tagging your summaries with some unique identifier like #JSRAWdigest or something like that? It would make it a lot easier when catching up  

[fillippone]

Good afternoon WO!
Observing @ $ 10,210

And I have 40 pages in the queue to look for.

May be I can take help from JSRAW 😉

Here you go bro

1. .................................
-snip-

Great summary as usual! Merited.

I have a suggestion. How about tagging your summaries with some unique identifier like #JSRAWdigest or something like that? It would make it a lot easier when catching up  

I have another suggestion: hyperlink to the message: when you say “A lot of commentaries about babes climbing rocks” I would like to click on that entry and being taken to the appropriate posts (please break the rule in case of another infamous Mic toilet pic)