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

[realr0ach]

If it's lebensraum you want, it is lebensraum you shall have:

https://dailystormer.name/yids-flip-lids-after-big-afd-victory-in-germany/

[dragonvslinux]

I think this price is the definition of a neutral market, meeting up with the 200 Day MA again. Investors would call it a "fair price", traders will wait to see which direction is taken.
Anything could happen moment coming right up... BTC style. Indicators claim Daily/Weekly/Monthly are strong buys while Bi-Daily/Hourly are strong sells.
This is the battle between the longer term bullish trend and the shorter term bearish momentum.

[soxxx]

Price always drops at the end of the month. We just need to survive a few more days of low prices.

It looks like the CME gap will be filled. November is Bitcoins best month and I believe that the trend will continue.

[btcanonymous666]

Started with 50, down to 25, down to 12.5, and will go down 6.25.

Well, price went to the secret nazi base of the moon after every halvening "event". Most likely 6 months after halvening itself. But now, more people know about Bitcoin and they may buy news, before halvening. Noone knows when it will start to go to the "moon" again.

However, I can still call $9k that is a bargain. If it ever drops to $7k around again, I'll buy more.

BUY DAT CHEAP WEB GOLD!

[realr0ach]

Alright, found the #1 worst Reddit forum that exists.  Every single post looks like a Lauda post.  Look:

https://www.reddit.com/r/FemaleDatingStrategy/comments/dp6qeb/the_patriarchy_all_comes_down_to_making_sure_low/

These retards believe "the patriarchy" - they imply the existence of the institution of marriage is patriarchy - exists solely for "low value men" to get laid or secure a woman.  Men don't even want to get married in the first place.  It's the woman that wants to get married as an insurance policy for themselves.  They also inadvertently seem to be advocating some type of civilization where the #1 male prospect in their region sleeps with all the women and cheats on them all, inevitably creating a bunch of single mothers on welfare that turn into felon factories causing civilization to implode.

This thing they refer to as "patriarchy" was just a system of cultural norms and rules set up over the course of thousands of years to cause society to function, because doing things differently caused it to collapse in mayhem.  These cultural norms benefit women more than men and go entirely against men's natural instincts, so it's sort of a joke to even call it a "patriarchy" in the first place.

[Spaceman_Spiff_Original]

It has been accepted that 2017 bullrun was cancelled by CME and co, with their shorting tools.

Then, all the parabolas using that 2017 peak should be invalidated.
It could have been way higher..
And "they" could cancel next bullrun.. or not.

Funny interpolations.. trying to predict such an emotional market.


To be honest, nobody knows what the honey badger is doing next, neither when nor how high it could climb ...

Yeah, and 'it was accepted' that the 2013 bull market ended because MtGox got ddos-ed.   

I actually like this graph a lot, it captures my general model for bitcoin price cycles.  The only thing that is an unknown is that we don't know yet how BTC acts during a recession, as it has only been actively traded during the uptrend of the business cycle.

[infofront]

Stock to flow is irrelevant for LTC.

You people are the most dishonest, retarded, fucking scammers I've ever seen in my entire life.  It's not possible for this 'stock to flow' nonsense to be completely invalid for Litecoin and every other coin and work ONLY for Bitcoin. They're all the same 'asset' class - I use the term "asset" extremely loosely because imaginary timestamps are not an asset - so it either has to work for all of them or none of them.  It obviously works for none of them because a stock to flow model only works on physical commodity resources humans actually need with some type of inelastic demand.

Forced to reply as you are calling me in a way I don't like.

If only you would use some of your time to actually read about the model (plenty of places to do that, one of those being here), instead of repeating the same old story, you would understand why this model is not applicable to Litecoin.

What is your rationale for why 'stock to flow' would work on Bitcoin when it doesn't work on ANY other digital crapcoin?  You don't have one.  You're either required to be a dishonest scammer or negro-level IQ to not be able to realize scarcity in vacuum for scarcity's sake is meaningless.  The idea of stock to flow requires pairing scarcity with inelastic demand.  To have inelastic demand requires being an actual physical resource humans need, not an IMAGINARY timestamp.  TIMESTAMPS are not in short supply ANYWHERE.

Bitcoin is the only cryptocurrency with unforgeable costliness,

[fillippone]

There has been a flush of news about BAKKT this week:
It tried to do a good summary here.
Bumping that thread where all the Bakkt chit chatter is!

[Paashaas]

Genesis Mining survey.



- 24% of respondents believe that the Federal Reserve is responsible for securing U.S. gold reserves, while 50% responded that they are responsible for overseeing U.S. monetary policy.

- 54% of respondents believe that the Federal Reserve Banks are owned solely by the U.S. government.

- 29% of respondents believe that the U.S. dollar is still backed by gold.

- 26% of respondents believe banks are required to keep 100% of the money deposited by customers in the bank while 52% responded that banks do not need to keep 100% in reserves.

- Of those that said no, banks do not need to hold 100% of customer deposits in reserve, just 9% believed that banks must hold 1-10% at all times.

- 67% of respondents prefer to use debit or credit cards for payments.

- 30% of respondents reported that they hardly ever used cash while 37% reported that they used cash just 1-2 times per week.

- 76% of people oppose the idea of the U.S. government replacing paper money with digital-only money.

https://www.prnewswire.com/news-releases/new-genesis-mining-study-finds-29-of-americans-believe-the-us-dollar-is-still-backed-by-gold-300947883.html

[El duderino_]

^
If they ask me I would say I think its backed by r0ach and silver.... or by some Jews, meh I don't know its one of those

[realr0ach]

Stock to flow is irrelevant for LTC.

You people are the most dishonest, retarded, fucking scammers I've ever seen in my entire life.  It's not possible for this 'stock to flow' nonsense to be completely invalid for Litecoin and every other coin and work ONLY for Bitcoin. They're all the same 'asset' class - I use the term "asset" extremely loosely because imaginary timestamps are not an asset - so it either has to work for all of them or none of them.  It obviously works for none of them because a stock to flow model only works on physical commodity resources humans actually need with some type of inelastic demand.

Forced to reply as you are calling me in a way I don't like.

If only you would use some of your time to actually read about the model (plenty of places to do that, one of those being here), instead of repeating the same old story, you would understand why this model is not applicable to Litecoin.

What is your rationale for why 'stock to flow' would work on Bitcoin when it doesn't work on ANY other digital crapcoin?  You don't have one.  You're either required to be a dishonest scammer or negro-level IQ to not be able to realize scarcity in vacuum for scarcity's sake is meaningless.  The idea of stock to flow requires pairing scarcity with inelastic demand.  To have inelastic demand requires being an actual physical resource humans need, not an IMAGINARY timestamp.  TIMESTAMPS are not in short supply ANYWHERE.

Bitcoin is the only cryptocurrency with unforgeable costliness,

What the fuck.  You have GOT TO BE SHITTING ME.  That's an entirely made up, bullshit word salad like blue hair feminists fabricate out of thin air to try and bamboozle people.  I don't know why you people even quote Nick Szabo when he's an Ethereum shill.  It was obvious it was a Wolf of Wall Street IPO scam before it was even released, with the system itself incapable of even functioning at a drawing board level.

When he's bullshitting you in things like that, it's obvious he's bullshitting you in lots of other places too.  He makes numerous leaps of illogic like concluding the only reason humans value something like gold is because it has large amounts of sunk cost fallacy to produce, then tries to claim that PoW aka "unforgeable costliness" replicates that sunk cost fallacy making Bitcoin equal to gold LOL.  This whole simpleton train of logic is so stupid it hurts.  If Bitcoin had "unforgeable costliness", the 51% attack would not even exist for fucks sake.

And producing gold isn't even sunk cost fallacy in the first place since you're producing an actual resource, while Bitcoin REALLY IS sunk cost fallacy producing nothing.  So it's a complete apples to Toyota Corollas comparison.  Then factor in absolutely none of the other million traits of physical metals and Bitcoin are comparable either with one being an imaginary object and all.  I could go on about the illogical economic statements of Nick Szabo for hours but nobody reads posts over three paragraphs as a spontaneous, JayJuanGee defensive reflex.

[El duderino_]

I do like this background

[realr0ach]

Another part of Nick Szabo's 'shtick' is claiming that gold is not a resource at all and it is/was only valued as a "trinket".  If we expand upon these Szabo statements further to their logical conclusion, you would NOT end up with Bitcoin as the holy grail of value for the monetary system, you would arrive at something that functions as the most important resource possible while still maintaining all the required monetary characteristics like fungibility, portability, etc, since he claims to have a disdain for things that don't function as resources and are merely "trinkets".

So using Nick Szabo's own logic that being a resource is important and gold is admittedly lacking in that regard (but it still obviously is a resource unlike what he claims), you would arrive at the conclusion that something like silver should dwarf the market cap and monetary importance of gold, with Bitcoin being completely inferior to both.  Nick Szabo seems to have some tenuous ties with the government and probably only exists in the Bitcoin space to try and funnel people into a cashless society slavery system and away from physical metals.

[El duderino_]

r0ach keep marching in his war.....

r0ach against the WO-thread, r0ach against the world, r0ach against everything....

Later on mom kicks on the basement floor, be quiet down there retard, go to sleep, get a job do something with your live... Maybe buy some BTC's what I just hear about, it seems to be something amazing.....

End of the day always the same, troll=triggered

[JayJuanGee]

October ends in a day and a half and it doesn't look like we are going to reach $16k any time soon. (by soon I mean in a week) Maybe it will be different in November. We may try 8k one more time. Hopefully this will be the last time.

My feeling (of course, bitcoin is unpredictable, so I may be wrong) is that November will be no different and we will not see 5 figures any time soon (not this year, at least, not for a significant amount of time, short spikes are possible). The sudden spike on 26th was very impressive, but bitcoin failed to break out of downward channel, so I presume that it continues. I hope it will bounce up somewhere in $6500 to $5800 region...

Hahahahaha

There are always folks wanting to predict down (or is it down before up?) in a bull market.

Go figuring ur lil selfies!!!!!!

 

[realr0ach]

r0ach keep marching in his war.....

r0ach against the WO-thread, r0ach against the world, r0ach against everything....

[El duderino_]

^^
I'll always predict up, the bump and dump and all of the noise in-between is just the road we have to ride on.

[Dabs]

He's always talking about imaginary valueless timestamps. It's already been said that timestamps are very very cheap, like thousands per 1 cent or something. But then he refers to Bitcoin as if it's all about being a timestamp, when the timestamp is inaccurate by up to 2 hours.

I mean, people value physical analog watches that run on gears which are inaccurate at keeping time compared to digital quartz watches, so there's something. (I'd argue those expensive watches are jewelry though.)

[realr0ach]

Look at these Jewish, slime faggots at the ESF. Right at the VERY SECOND of the federal reserve announcement they try to implode both gold and silver (or a bullshit JP Morgan shakeout rigging before it inevitably goes higher due to ZIRP).  Either way, it's organized crime Jewry.  You see the same retarded shit 24/7 for every single Bitcoin movement like they're running exactly identical strategies and bot scripts for each market.  

These stupid shakeouts are almost entirely pointless but they ALWAYS do them anyway, which is why you can tell it's the exact same kike idiots at the TBTF banks and ESF controlling both markets.  Except the Shlomos are always trying to rig Bitcoin up instead of down to try and fool stupid goyim to adopt a cashless society slavery system and away from metals.

[wwzsocki]

...is just the road we have to ride on.

Watch out BTC riders very bumpy road ahead