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

[El duderino_]

Cost of Living 1971



https://twitter.com/historylvrsclub/status/1189431739812372481?s=20

[Ludwig Von]

r0ach keep marching in his war.....

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

The resemblence is touching ROach! ( You certainly know better than us how that ended... .)  

They took a rib out of his corpse, froze it and sent it to Dr Mengele who created Roach out of it! Even better than God! 

[realr0ach]

Cost of Living 1971

Shows you inflation is not a flat metric.  Housing up around 8x or more while beef up around 5-6x, bread up an enormous 12-16x, milk 3-4x, income up 4x, gas 6-7x, cars 6-7x.  So everything is drastically more expensive compared to income level.  The real shocker is tuition up 18x.  Jews like Larry Summers took control of educational institutions like Harvard then lobbied congress to subsidize student loans so that anyone can get a loan with zero collateral driving prices to the moon.  

If you needed to post collateral to get a loan, far less loans would be taken and the price would only be up 4-8x instead and not creating a bunch of debt serfs.  It's also illogical for houses that are depreciating assets to increase 8x.  A depreciating asset house built in the 1950's should not be skyrocketing 8x vs wages that are up 4x.

[g-uid]

What do you think the odds are that it's not single-player "whales" out there that are pulling the strings of the market, but instead it's exchanges that are engaging in rehypothecation of user funds to suit their own needs? For example, if somebody puts out a significant short on platform X, what's stopping X from squeezing it using client funds that have been moved (and leveraged) onto another platform? After all, it's not a regulated market with closely scrutinized players by a long shot so if they have the power to influence the market (they certainly have the funds) and it's not illegal (from what I understand it isn't) then why wouldn't they do this?

[realr0ach]

What do you think the odds are that it's not single-player "whales" out there that are pulling the strings of the market, but instead it's exchanges that are engaging in rehypothecation of user funds to suit their own needs?

I'm positive Bitfinex was doing that before their bogus "hack" where they claimed someone stole all customer deposits as I talked about 3+ years ago:

https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

The level of carelessness and risk taking of this single entity who was controlling the price on that exchange was absurd and just not rational at all.  They were trading like a suicide bomber that did not even care if the trade blew up in their face.  I would know, I watched the entire thing trading against him in real-time.  That's why I said in the past it would not surprise me if some entity like the ESF pulled up to Bitfinex, issued them a gag order, and said we're taking control of this market for national security blah blah.  The price movements were all done looking like they were done in an attempt to rig and not in an attempt to actually make money is what I'm saying.  

If some jackass like Giancarlo Devasini at Bitfinex was using customer funds to trade, I doubt he would be trading that reckless and insane unless he's also using customer funds to get high on kilos of cocaine at the same time.  So there has to be much more to the story of just who this entity was using customer funds to trade on Bitfinex (unless this Bitfinex employee is just a very bad, mentally insane, and stupid trader).

[Gyrsur]

<snip>
https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened
<snip>

so roach lost all his BTC by day-trading on Bitfinex and blamed Bitfinex afterwards? now he is buying Silver and will lost all a second one in the future when US Gov will confiscate again Gold and Silver too.

[realr0ach]

so roach lost all his BTC by day-trading on Bitfinex and blamed Bitfinex afterwards? now he is buying Silver and will lost all a second one in the future when US Gov will confiscate again Gold and Silver too.

No, if you read my post it says due to all the abnormal and fraudulent activity occurring on Bitfinex, it's how I knew I should withdraw every single cent away from the exchange.  The exchange then imploded with their fake "hack" claiming all customer deposits got stolen shortly after.  

A couple of people I know who I told to withdraw everything from there did lose money though because they didn't take their money out.  One of them then somehow got lucky and went from broke to millionaire by buying the Ethereum IPO, which Goldman Sachs pump and dumped.  And now you have newcomer idiots like McGoossens posting in this thread that know absolutely nothing about Bitfinex and probably never even traded there claiming anything said about Bitfinex or Tethers is "fud", when the exchange was and is a rigged, criminal enterprise.

[Last of the V8s]

https://twitter.com/eToroUS/status/1189188562794602500

We believe that trading #crypto shouldn’t be harder than retweeting this post. That’s why we invented CopyTrader™ and hired this man to demonstrate. #JustHitCopy #bitcoin

Alec Baldwin wants you to buy bitcoin.

[realr0ach]

Alec Baldwin wants you to buy bitcoin.

#TheGoyimKnow

[Last of the V8s]

https://twitter.com/NakedCryptoNews/status/1189159645400588289

naked people want y
sorry want you to wa


sorry watch their

brb

[realr0ach]

Terrible, but better than Germany building statues in parks to memorialize "African drug dealers and their often difficult journey to reach Germany".

https://www.dw.com/en/statue-of-african-drug-dealer-erected-in-berlins-notorious-g%C3%B6rlitzer-park/a-51055828

[STT]

Same thing can be applied to humans, with Earth as our closed off space.

Evolutionary traits are kicking in to stop overpopulation. All natural. Might drive us to extinction, might not.

These studies are interesting but I disagree on the conclusions and direct comparison from animals to humans needs to be done with some thought because humans are not static in anything they do.     Heres a great one I remember but I dont agree we can just xerox this over to the idea humans will break the earth, we can do alot better in our actions.

https://www.stuartmcmillen.com/comic/st-matthew-island/
https://www.resilience.org/stories/2003-11-22/st-matthew-island-overshoot-collapse/

This is unlikely to be true from just basic view of land area vs population of humans.   Its very possible humans are wasteful in a needless way, I dont disagree there but we are not literally running out of space to live in.   We may require development in our population growth, just like the economy of China has no choice now but to develop properly not just use cheap labour.    

I think it was true up until about a decade or so ago that every person on the planet could stand on a small island off the British coast, not the mainland itself just one of the many little islands it has in the channel between UK and Europe.   We really dont have that many people, half the earth is still empty and not used properly.   We can ruin lots of the land but its also possible we just use it properly, most starve because of war and corruption not because too many babies forced a loss, this is a modern fallacy thats been repeated all my life and untrue the whole time.
    People at a basic level are productive, they do work and benefit a nation in that work and society is richer from a population working usefully.     We got a country like Kazakhstan with about the land mass of Europe but with the population of about two of the Uk cities.   Vast parts of Russia I think are still alot like that, Australia obviously and some is desert area but I dont doubt people can find ways to be productive.   I really dont buy this too many people narrative, its how the people are used.   We can screw it all up like Venezuela did or we can see great gains ahead.   I got far more hope in the people then a failed idea like QE turning out to be smart, people are like gold bricks compared to the worth of ideas politics comes out with so I'll always value the people as the saviour of a country and its economy.   The people will demand proper currency standards, they want to be paid properly for hard work and the small detail on that I dont know but they wont put up with monopoly money and endless inflation.


BTC is between 2 day above and weekly below, its not truly negative acting until the weekly average is lost at about 8726.

[El duderino_]

To much r0ach on to less of space

Time to BTC HODLsleep

[Negotiation]

A Russian aluminum plant owned by Deripaska's Rusal, reportedly closed by US sanctions, will be transformed into a bitcoin mining hub, w/part of site leased to Russian Mining Company (RMC), which aims to cover 20% of the world market w/UK-based Cryptonex

Source: https://twitter.com/WendySiegelman/status/1189670451104165888

[Negotiation]

To much r0ach on to less of space

Time to BTC HODLsleep

oke brothers hope back soon ....

[Searing]

A Russian aluminum plant owned by Deripaska's Rusal, reportedly closed by US sanctions, will be transformed into a bitcoin mining hub, w/part of site leased to Russian Mining Company (RMC), which aims to cover 20% of the world market w/UK-based Cryptonex

Source: https://twitter.com/WendySiegelman/status/1189670451104165888

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078


But it really seems to me that whales or whoever have completely lost their minds on making big mining farms at this point in time...

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

the previous big mining farms overseas and in California now.

So, I don't get it. With price and difficulty where it is now (see my thread for polls) are the whales simply nuts like the rest of us and buying miners on a hope

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Again, with price/difficulty I'm not seeing it..then again I'm not a whale...

Brad

[Negotiation]

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078

yaah good for creating thread.

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

bad think 20% fee is huge  i don't agree for that.

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Everything is very well if government are smoothly handle everything, but problem maximum govt. people have not knowledge management  concurrency.

[Searing]

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078

yaah good for creating thread.

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

bad think 20% fee is huge  i don't agree for that.

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Everything is very well if government are smoothly handle everything, but problem maximum govt. people have not knowledge management  concurrency.

As for the thread...just feels funky....at these prices and difficulty and miner prices and such...what am I missing for this push to big miners all

acting like newbs and putting up miners? delusional? New ASIC's etc? Seems odder than usual in the usual BTC oddness universe...go figure..fishing for

what others think/heard/guess

[JayJuanGee]

It's interesting, I hadn't seen it like that ..

#BTC #BITCOIN
This will blow your mind! 🤯

I Tried to visualise it

You see those gains? every cycle the gains get divided by 3 BUT the time-span get multiplied by 3!!

If we break ATH expect 2000% / 3 = 666% 😈

New ATH = 130K

Amazing huh?!

Please RT share this shit!!!!!!

Referring to:

$BTC needed:
👉625 days to break 2011 ATH
👉1245 days to break 2013 ATH
👉It's been only 680 days since ATH of 2017

Think about it for a sec...
Remember Fibonacci?

625 + 625 = 1250!
1250 + 1250 = 2500 - 680 = 1820 day left.

🎯  October 2024

@BTC_JackSparrow think level. 🧠

Source: https://twitter.com/888Velvet/status/1189029370381426690

Call me a skeptic, but seems a bit overly bearish to suggest that bitcoin is not going to break above old ATH until October 2024-ish.

It is like they are locking themselves into some kind of formula and failing and refusing to take into account what seems to be real bullish underlying dynamics that exist in bitcoin's currently low level of adoption and the likely exponential growth that is likely going to put upwards price pressures on bitcoin much sooner than October 2024.

[Icygreen]

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078

yaah good for creating thread.

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

bad think 20% fee is huge  i don't agree for that.

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Everything is very well if government are smoothly handle everything, but problem maximum govt. people have not knowledge management  concurrency.

As for the thread...just feels funky....at these prices and difficulty and miner prices and such...what am I missing for this push to big miners all

acting like newbs and putting up miners? delusional? New ASIC's etc? Seems odder than usual in the usual BTC oddness universe...go figure..fishing for

what others think/heard/guess

This the first time in history anyone has ever seen the likes of Bitcoin,  It makes sense that more attention is being paid since the run to 20k and the concise bottom at 3K.

The halving is coming, the math checks out, people are paying attention. Mining is still the best way to develop a powerful position with enormous opportunity for mid and long term. 
I can absolutely see Russia dominating a significant % of mining. They excel out of necessity.