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

[jbreher]

Where you at BSv shills? jbreher?

Dunno why you're summoning me. I ain't got no dog in this fight. Do you?

I considered it a black swan event, Faketoshi claimed that once he gives Kleiman the coins he'll have to dump a big chunk of them just to cover taxes All appears just to be another lie on his way to becoming irrelevant, wanted to hear BSv shills comment on it so i summoned you, great bear/BSv supporter.

You seem to be suffering the commonly-shared echo chamber delusion that CSW and BSV are one and the same. They are not.

But if even you can't put a positive spin on this

I have no reason to put any spin on this whatsoever.
Though I will point to this: https://coingeek.com/calvin-ayre-passes-on-buying-dave-kleiman-estate-because-it-holds-no-assets/
Yeah, it's CoinGeek. May or may not be true. But it is potentially relevant, if true.

I don't know why anyone is particularly astonished that CSW did not cough up half a billion bux to Ira. He has been consistent all along in stating that he will have no access to the Tulip Trust funds until such time as the keys become available to him - which I believe has been stated to be early 2020. Whether true or not, that has been the claim since years. He obviously can't transfer something he does not possess.

In the meantime, popcorn consumption is epic.

Oh, are they already in the cut Faketoshi off cause he's more of a liability than an asset stage??

Who is 'they'?

Must've missed the memo, but if BSv separates from Faketoshi, they're just another shitcoin without even a claim to Satoshi,

I will merely repeat for the record (seeing ow your response indicates you have not yet seen it, despite being in the material you quoted): You seem to be suffering the commonly-shared echo chamber delusion that CSW and BSV are one and the same. They are not.

but now check this out, what really happened is umm Dave had the coins the whole time, and Ira deleted them

In point of fact, this claim was publicly surfaced back around the time of the Andrew O'Hagan piece.

DO try to keep up.

[StartupAnalyst]

Never saw that HAT..... 

It’s a counterfeit, shipped in from China. That is not a homer patented, special edition WO hat.

we should track all WO hats with blockchain technology from Homer to the specific WO dude, shouldn't we?

I trust VB1001 list.

https://wohats.blogspot.com/

Hello, WO`s brothers!! 
I see that I missed a lot of things... 
How long has this service been available? (https://wohats.blogspot.com/)

[realr0ach]

@hodlonaut
Inflation is your past work decaying, crumbling, disappearing between your fingers. The hours and sweat you invested, evaporating under the merciless sun of fiat money.

It's amazing that we have been conditioned to accept this kind of blatant theft.

Bitcoin sets us free.

https://twitter.com/hodlonaut/status/1192059126723096576?s=21

There's nothing inherently bad about 'inflation'.  Both inflation and deflation have their pros and cons.  He's conflating two different arguments.  Getting rid of the Jewish central bank doesn't mean inflation and deflation go away and you live in a steady-state universe.  Silver, for instance, is deflationary because the current, artificially rigged price point isn't high enough to warrant recycling.  The supply is like 1/4th of what it was since 1980, while gold is inflationary and the supply has doubled.  As seen by the ludicrous GSR, the rigged market has not yet priced that dynamic in.

[StartupAnalyst]

@hodlonaut
Inflation is your past work decaying, crumbling, disappearing between your fingers. The hours and sweat you invested, evaporating under the merciless sun of fiat money.

It's amazing that we have been conditioned to accept this kind of blatant theft.

Bitcoin sets us free.

https://twitter.com/hodlonaut/status/1192059126723096576?s=21

There's nothing inherently bad about 'inflation'.  Both inflation and deflation have their pros and cons.  He's conflating two different arguments.  Getting rid of the Jewish central bank doesn't mean inflation and deflation go away and you live in a steady-state universe.  Silver, for instance, is deflationary because the current, artificially rigged price point isn't high enough to warrant recycling.  The supply is like 1/4th of what it was since 1980, while gold is inflationary and the supply has doubled.  The rigged market prices have not yet priced that in, though.

Inflation is a consequence of the debt economy, the debt economy is evil, although there are certainly pluses in it too!

[realr0ach]

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.

[bitcoinPsycho]

LFC bitcoin   you merited roach...your dead to me


Don't feel the trolls they said....

[makrospex]

Never saw that HAT.....  

It’s a counterfeit, shipped in from China. That is not a homer patented, special edition WO hat.

we should track all WO hats with blockchain technology from Homer to the specific WO dude, shouldn't we?

I trust VB1001 list.

https://wohats.blogspot.com/

Hmm, mine isn't on there either (yet?).
But it's brand new (and original xhxX)  

[realr0ach]

LFC bitcoin   you merited roach...your dead to me

https://dailystormer.name/zionist-maniac-dan-crenshaw-gets-into-twitter-spat-with-paul-joseph-watson/

[StartupAnalyst]

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.

I don't see the problem you've described. Rick already buys things that are doomed to get cheaper, especially if it's electrical engineering...
What prevents Rick from buying jewelry that will only cost more over time? He can buy two rings that can now be exchanged for a kilo of sugar. After a year, these 2 rings will give less deflationary money, but they can be exchanged for one and a half kilograms of sugar conditionally.

[realr0ach]

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.

I don't see the problem you've described. Rick already buys things that are doomed to get cheaper, especially if it's electrical engineering...
What prevents Rick from buying jewelry that will only cost more over time? He can buy two rings that can now be exchanged for a kilo of sugar. After a year, these 2 rings will give less deflationary money, but they can be exchanged for one and a half kilograms of sugar conditionally.

There is no arguing your way out of the fact that deflationary monetary instruments always lose in terms of market share or things like Gresham's law would not exist.  And besides the fact that nobody wants to hold depreciating assets, so they utilize them more, it's also because deflationary instruments don't work well in lending, inventory holding, or numerous other areas. 

If you think about it, it makes sense.  If you're in the inventory stockpiling business and have a bunch of chairs in inventory that are non-perishable goods, the value of your goods is technically depreciating over time in a deflationary monetary system, which is absurd.  Non-perishable consumer goods that are not being made obsolete in some manner should never be decreasing in value for no reason.  In other words, inflationary monetary systems puts the ball in the court of people who actually hold the things of value, while deflationary systems put the ball in the court of predatory moneychangers that believe the act of simply holding some type of instrument should make everyone else their slave.

[jojo69]

[Searing]

I'm EXTREMELY skeptical right now

Feels so bullish, but this feeling has always been a trap.

On the one hand I don't believe it.
On the other hand I don't want to get left behind.
 
BTC/USD
Long/Short Ratio
81:18
% of supply long:short
0.15:0.034
Long Daily Charge
$85,440
Short Daily Charge
0.21272 BTC
Total Long
27,411 ($255,133,365)
Funded Longs
$158,222,860
Total Short
6,150 ($57,242,355)
Funded Shorts
4,727 BTC

https://bfxmargin.com

This is why I'm in HODL mode, that way I always know if/when/how I play it wrong and get screwed..at least it is always from the same spot...HODL Mode...

(Bitcoin: Love me long time?)

Brad

[Last of the V8s]

[JayJuanGee]

You know breher, for a self-proclaimed bitcoin expert,

I don't think I ever proclaimed myself a "bitcoin expert".

Obviously, your actions unequivocally demonstrate that you are not.

Just like Roach's actions unequivocally demonstrate that he does not understand store of value.

At least here or other area where the Bitcoin-knowledgable assemble. Care to link to proof of your assertion?

On the other hand, the CryptoCurrency Certification Consortium has deemed me a Certified Bitcoin Professional.

Oh gawd........    ... you have some kind of certification, you must be really NOT a bitcoin expert if you have something like that.  

 

https://cryptoconsortium.org/certifications/cbp/

Wow.. the irony, hilariousness and ridiculousness of truth frequently trumps fiction.

Great find, V8.

[Last of the V8s]

I bet very few others of us here could answer those questions as well as him, but I ain't handing out no hundred dollars australian to find out.
edi tcanadian, w/e
wait edit 140 dollars goddam

[fillippone]

Good Night WO Gang.
All is fine, observing 9350 and an incredible contango in BAKKT futures (I’m going to write about it).

I got 2 merits today, roach I’ve got 2 as well.
Not a good day for the user formerly known as the Italian stallion.

[Bitcoinaire]

Cashapp continues to grow!

9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users

https://twitter.com/matt_odell/status/1192205598793895940

[fillippone]

Cashapp continues to grow!

9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users

https://twitter.com/matt_odell/status/1192205598793895940

Just think what that means after the halving.
In case the growth flats at this levels means they are buying 18.6% of the total bitcoin.
SF in all his power!

[Last of the V8s]

Good night big boy. We win some we lose some. Sleep well, then we get to fight another day.

[xhomerx10]

This post needs to be reported. But the question is, what the hell am I gonna put in the Comment section of the report?

 No it's cool.  That's the way Italians tell time.

  https://www.youtube.com/watch?v=21mLECfpv3M

Dear Lord.
That is an Italian actor...
I never saw that movie.
How on earth you know it??

 I don't speak Italian but I've watched a lot of "Domenica In" - it's good entertainment
 Gigi Proietti on Domenica In - https://www.youtube.com/watch?v=uR7P_KwdSEk