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

[JayJuanGee]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017,

And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.

Gosh... I had been thinking that you had been active here longer than that, but o.k. fair enough.  You surely have contributed a lot of decent content, so I am sure members have appreciated that.

Some plan that I will have to elaborate in 2020 to accumulate a little more BTC, even if it is a small monthly amount, this year it has been impossible to do it, all the veterinary hospitalizations of Maine Coon have consumed all my resources in cash.

Although I am optimistic and I do not rule out that one day an anonymous veteran member falls in love with one of my threads and sends me a few hundred BTC for the work done, as was done previously in the forum. (Let me dream)

Thx, JJG

I suppose that there are some generous donations, and of course scammers taking bitcoins, too.

Andreas Antonopolis is a decent example.  He was saying that he was Bitcoin poor near the top of the 2017 price rise, but then received a BIG donation.. someone (might have been Roger Ver triggered) opened a donation fund for Andreas and then one BIG donor dwarfed all of the rest of the donors..and added up to a real large donation.  So, yeah, sometimes luck can happen in those places in which preparation meets opportunities.

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[Paashaas]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

[hv_]

Bitcoin is anti-Keynesian technology.

https://twitter.com/pierre_rochard/status/1202607947089612802?s=20

He's a complete moron.  All currencies - of which Bitcoin is one - are Keynesian in nature.  Currencies are garbage, confidence game scams based on artificial scarcity.  They start at a value of zero, are rigged above zero in some manner either by governments or some other market manipulation but are still just as worthless as their first day of creation, then always eventually return back to zero once the confidence game implodes.  This is why actual money, as opposed to currency, is required to be a physical commodity resource, because those aren't confidence game scams.

Bitcoin is more commodity than currency. It needs real world use - interoperability and store of precious data - before it can be used as currency

[makrospex]

Almost everbody that dealt with bitcoin since 2017 has a distorted picture of development/history.
They see early adopters got rich "quickly", which means up to 9 years, not aware of the many times these early birds suffered from enourmous losses at several times in btc history, even the first miners being so faithful to "generate" some bytes with "no value" at all.
Now the newcomers dream of BTC to continue the parabolic rise, with McAfees viral one-million-by-2021 phantasy in the back of their mind. Get rich even quicker with no risk at all.
Sorry, this isn't they way it's going to play out, imo. It's like buying google or amazon shares and expecting them to go x10 in a year and x100 in two, because they did in the last n years.
Come on... 

This is hopium, not "bad luck" at all. I was always told not to invest more than i am willing to lose. This was the very best newcomer advice i ever got.

[VB1001]

I suppose that there are some generous donations, and of course scammers taking bitcoins, too.

Andreas Antonopolis is a decent example.  He was saying that he was Bitcoin poor near the top of the 2017 price rise, but then received a BIG donation.. someone (might have been Roger Ver triggered) opened a donation fund for Andreas and then one BIG donor dwarfed all of the rest of the donors..and added up to a real large donation.  So, yeah, sometimes luck can happen in those places in which preparation meets opportunities.

I did not know the case of Andreas, what I mentioned earlier is that in the first years of the forum, when someone did a good job or provided a good solution to the forum, he received some coins as a reward, I have read it several times in threads and old comments of the forum, this is now difficult to happen, I would dare to say impossible.

We are going to let Bitcoin go its way and surprise us in a few years.

It is safer for this to happen than what I have said before.

[realr0ach]

Bitcoin is more commodity than currency. It needs real world use - interoperability and store of precious data - before it can be used as currency

Do you really think you can lie to me of all people?  It says CRYPTOCURRENCY in the god damned title.  Bitcoin is a currency, not a commodity.  You're trying to weasel your way out of the fact that anything falling under the category of currency has very negative connotations like being a Keynesian, confidence game scam based on artificial scarcity that starts at a value of zero and always returns there.  Besides the fact claiming imaginary timestamps are a commodity is ludicrous, fungibility is also required to be a commodity and it's not possible for Bitcoin to be fungible even if you mix outputs.

A real commodity is capable of resisting entropy in some manner, at least for a brief period of time.  The ones that do it better are known as non-perishable.  Bitcoin doesn't resist entropy at all; it's designed to facilitate entropy - aka constantly morph from one thing to another.  It's impossible for such a thing to be fungible because it's designed to change.  Idiot scammers tried to spin this huge negative as a positive with the bogus term "anti-fragile".  Money is supposed to be a constant and unchanging, not facilitating change.

[kellrobinson]

https://bitcointalk.org/index.php?topic=5198154.msg53272496#msg53272496
 

[realr0ach]

New infinity niggers plan for Germany brought to you by the Jews (aka The Kalergi Plan):

https://www.zerohedge.com/geopolitical/germany-all-eu-members-must-take-migrants

[hv_]

Bitcoin is more commodity than currency. It needs real world use - interoperability and store of precious data - before it can be used as currency

Do you really think you can lie to me of all people?  It says CRYPTOCURRENCY in the god damned title.  Bitcoin is a currency, not a commodity.  You're trying to weasel your way out of the fact that anything falling under the category of currency has very negative connotations like being a Keynesian, confidence game scam based on artificial scarcity that starts at a value of zero and always returns there.  Besides the fact claiming imaginary timestamps are a commodity is ludicrous, fungibility is also required to be a commodity and it's not possible for Bitcoin to be fungible even if you mix outputs.

A real commodity is capable of resisting entropy in some manner, at least for a brief period of time.  The ones that do it better are known as non-perishable.  Bitcoin doesn't resist entropy at all; it's designed to facilitate entropy - aka constantly morph from one thing to another.  It's impossible for such a thing to be fungible because it's designed to change.  Idiot scammers tried to spin this huge negative as a positive with the bogus term "anti-fragile".  Money is supposed to be a constant and unchanging, not facilitating change.

Wait.
DBK knows it all

https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

[El duderino_]

New infinity niggers plan for Germany brought to you by the Jews (aka The Kalergi Plan):

via Imgflip Meme Generator

via Imgflip Meme Generator

Only this is brought by the Jews for me some awesome jeans, btw learn something from their writings .....

[Totscha]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

[long list of crazy hatters]

I'd like to thank Bob as well. I became immensely wealthy in the last two days thanks to his generous contributions

[El duderino_]

^
Damn I almost thought that fool was writing in here 

[JSRAW]

via Imgflip Meme Generator

Only this is brought by the Jews for me some awesome jeans, btw learn something from their writings .....

This quote is not for you. but for little friend

[Globb0]

Wake up with a boner

[Totscha]

Wake up with a boner

A boner with a purpose!

[nutildah]

I had a dream that my brother signed up to fight a cyborg for money. We knew it would kill him, so we talked him out of it and he had to spend the rest of his life hiding from the government, since bowing out of a fight with a cyborg was punishable by death.

I woke up with a purpose: to stop Skynet MMA before it began.

[LUCKMCFLY]

Bitcoin and Gold ...

Interesting chart: Bitcoin has been increasingly correlated with gold (although the correlation level is still relatively low).
@100trillionUSD
 
@MarkValek
 
@MarkYusko
 #btc #gotgold

Source: https://twitter.com/RonStoeferle/status/1202914857043058689

[ataArt]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

it can happen much earlier

[Bossian]

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
 version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

I agree with that, but it will be a failed rally (posted a thread about it). Bitcoin history has a lot of failed rallies, it will be one of them (the same as March-April 2018 period). Anyway buying at 7.3k is pretty good in anticipation of this rally.

[dragonvslinux]

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
 version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

It's true we're still holding up a form of support trendline from the start of the year regarding network transaction volume which is a good sign.



We did dip below it briefly but popped up above again.