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

[fillippone]

https://m.youtube.com/watch?v=ocs9uv--i00

A joke, a truth, a classic ..... whatever it’s WO material 

https://twitter.com/nowthisnews/status/1214015509466886144?s=21

 Nice find Mr. MicG

Wait for it...

[1714251760]

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[xhomerx10]

Poor Washington, Everyone conspiring against them.Golden Globes 2020: Ricky Gervais
Just for fun

https://m.youtube.com/watch?v=ocs9uv--i00
A joke, a truth, a classic ..... whatever it’s WO material  
https://twitter.com/nowthisnews/status/1214015509466886144?s=21

He's an irritating and hypocritical little shlemiel, but then so am I and idc.

 Seems like I was watching the wrong thing last night.

[El duderino_]

https://m.youtube.com/watch?v=ocs9uv--i00

A joke, a truth, a classic ..... whatever it’s WO material 

https://twitter.com/nowthisnews/status/1214015509466886144?s=21

 Nice find Mr. MicG

Haha thx, it was more a receive, a friend send me through Whatts App

[Last of the V8s]

https://twitter.com/cuysheffield/status/1213967356709310464?s=20

1/ Regardless of whether the 2020 halving is priced in, I'd argue that institutional investors may be underestimating the growth potential of retail mechanical buying and the impact it could have on driving price appreciation over the long term...
11/ Instead of focusing only on teaching about sound money to get a small % of users to go down the rabbit hole, Bitcoiners should focus on growing the # of users willing to auto buy it as a passive "savings as a service product" with minimal initial effort or education needed.

Read it and weep. Tears of joy. He's the 'head of crypto' at Visa, but sounds like some sort of newbie bitcoiner, which is acceptabru...

[golden-dragon]

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

It is happening.

Bitcoin is a financial virus that will consume the value of all civilization. The only cure would be for humans to completely stop acting like humans and that isn't going to happen. Bitcoin will win because it is one of the most brilliant mathematical creations in the history of humanity, the ultimate application for those cool little prime numbers we discovered so many millenia ago.

All you can do now is understand that bitcoin isn't going away, and any time is a good time to invest in bitcoin. So don't worry about future crashes in the thousands, and tens of thousands of dollars. Bitcoin is the best form of money humanity has ever created and it's not going anywhere.

americanpegasus
https://www.reddit.com/r/Bitcoin/comments/32jiap/an_open_letter_to_april_14th_2018/
(2015, April 14th)

[mindrust]

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

It is happening.

Bitcoin is a financial virus that will consume the value of all civilization. The only cure would be for humans to completely stop acting like humans and that isn't going to happen. Bitcoin will win because it is one of the most brilliant mathematical creations in the history of humanity, the ultimate application for those cool little prime numbers we discovered so many millenia ago.

All you can do now is understand that bitcoin isn't going away, and any time is a good time to invest in bitcoin. So don't worry about future crashes in the thousands, and tens of thousands of dollars. Bitcoin is the best form of money humanity has ever created and it's not going anywhere.

americanpegasus
https://www.reddit.com/r/Bitcoin/comments/32jiap/an_open_letter_to_april_14th_2018/
(2015, April 14th)

"0 points (39% upvoted)"

Damn noobs.   (I was one of them too in 2015 probably)

[nutildah]

Bitcoin is a financial virus that will consume the value of all civilization. The only cure would be for humans to completely stop acting like humans and that isn't going to happen. Bitcoin will win because it is one of the most brilliant mathematical creations in the history of humanity, the ultimate application for those cool little prime numbers we discovered so many millenia ago.

All you can do now is understand that bitcoin isn't going away, and any time is a good time to invest in bitcoin. So don't worry about future crashes in the thousands, and tens of thousands of dollars. Bitcoin is the best form of money humanity has ever created and it's not going anywhere.

Is this a machine learning bot post? Bitcoin has nothing to do with "prime numbers." Primecoin, on the other hand...

I remember that American Pegasus guy when he was on the forum. Bright, but hard-headed and ruthless. Too unpalatable for my tastes. Apparently he didn't actually understand how bitcoin works, either. But that's not essential to profit from it.

[mindrust]

Here is my favorite:

"...

When banks start losing money, they become more cautious and lend less money. There will be the constant losses doe to currency translation from dollars to crypto, along with risk managers in the banks cautioning not to make new loans in crypto because the more the crypto rises in value against existing currencies, the more likely will there be a correction in crypto value that means the crypto collected on the new loans will be worth less than the crypto lent.

When banks reduce their appetites for making loans, economies slow down and suffer. The gain that indebted consumers made from the cryptocurrency translation resulted in offsetting losses for banks. Since there are a lot fewer banks than borrowers, the gains for each individual borrower are a lot smaller than the huge losses that the banks will take in receiving loan payments in a currency that is in free fall because of the supply-demand equation for the more favored crypto. What you then have is a mortgage crisis like in 2007, magnified several times over. In the mortgage crisis, individuals received small benefits by living in homes without paying mortgages, while banks and holders of mortgage backed security liabilities died a death of a million slashes as they absorbed all of the defaults. This time it will be far far far worse.

What makes this scenario even more catastrophic is that in order to stay in business, the banks will need massive capital infusions from governments, just like last time. But since governments cannot mine cryptocurrency like they could print currency, whatever infusions of liquidity they make to the banks to save them will simply serve to push the value of cryptocurrencies higher, causing this entire process to multiply to the point of runaway reaction. Cryptocurrency mining procedures are just too small and difficult and time consuming to be useful in a liquidity starved world.

The solution, of course, is to pull the cryptocurrency plug once the problem appears. But as we see time and again in financial crises, by the time the problem appears its way too late to take corrective action that would avert a catastrophe.

So that's where the world unwittingly is going, and because governments have lost so much trust in their constituencies, and also because they have shown an incredible set of blind eyes to work on fixing problems, this deflationary firestorm will occur and destroy the world's financial system. There is a huge amount of money to be made on all of this, just think about who gets hurt if the major banks really fail and the governments are unable to save them. Bank stocks, industrial stocks, home builders, home furnishers...basically everyone. This is the one scenario in which the stock market could not even be saved by the government printing press...what an interesting idea !

So from an investment standpoint, the growing wave into cryptocurrency will provide the investment opportunity of a lifetime. Its the perfect storm...it combines the seemingly universal dislike of government intervention to prop up highly overvalued stock markets so the rich get richer while the working person cannot get a decent raise, with the also seemingly universal desire to keep the internet free and beyond the clutches of government regulation. It gets rid of these dastardly Central Banks that have done nothing to help anyone but that same wealthy one percent that benefits from zero percent interest rates, and individuals love the perceived strength that a currency freed from government entanglement means to a free world. Everyone sees the nirvana, but hardly anyone understands the devastation that deflation has on a world so over-leveraged on debt.
..."

https://old.reddit.com/r/Bitcoin/comments/6emfq6/an_incredible_comment_about_bitcoin_from_a/

I'd advise you to read it fully. (and carefully so you don't miss anything)

[psycodad]

Is this a machine learning bot post? Bitcoin has nothing to do with "prime numbers." Primecoin, on the other hand...

I disagree about the bolded sentence. ECDSA is pretty much about prime numbers.
-> https://en.wikipedia.org/wiki/Elliptic_Curve_DSA

But maybe I misunderstood you here or missed some irony, sorry then.

(Edited to add: I agree though, that golden-dragons post is pretty nonsensical)

[Febo]

What exactly defines a 'fork'

Bitcoin got forked many times ... not always contentious, but I d say even LTC and ETH are forks - at least from the initial idea - also having lots of Bitcoin's code

There is block chain fork like BCH or protocol fork like LTC.   Well you have also soft and hard fork and maybe some more, but not in this context.

[Last of the V8s]

massive big donger incoming
my "TA"

[AlcoHoDL]

[...]

Apparently he didn't actually understand how bitcoin works, either. But that's not essential to profit from it.

It's not essential to understand how Bitcoin works, in order to profit from it, that's true. But understanding how it works removes almost all reservations you may have in putting a good percentage of your wealth in Bitcoin.

Take the Halving events for example. My initial purchase of 0.5 BTC for $120 back in 2015, that was immediately followed by several other purchases, was triggered by the 2016 Halving. I just knew I had to get into the 2016 train. It was common sense, understanding how it works, and the knowledge that production was soon going to be halved, that triggered the purchase of many of the coins I now have. Without that knowledge and understanding, I may have ended up delaying the purchase (and bitterly regretting it).

Knowledge is power, and it's all out there for those willing to see.

4 years. Your choice!

[mindrust]

You know what Warren Buffet says...

"Never invest in something you don't understand"

If you don't know what you are buying... you are doing it wrong.

*He doesn't understand bitcoin

[jojo69]

Bitcoin has nothing to do with "prime numbers."

ummmmmm

[xhomerx10]

Why you shouldn't abbreviate "2020" when signing cheques or legal documents

TL;DR documents dated with the abbreviation 20 are easier to forge
          always write the full date 

[jojo69]

AYH


Yaaaaaay

[Last of the V8s]

wait wut? 7 hours of foreplay just splurged away like that ffs

[fillippone]

Why you shouldn't abbreviate "2020" when signing cheques or legal documents

TL;DR documents dated with the abbreviation 20 are easier to forge
          always write the full date 

Yaeh,
I learnt the lessons back in 1919 when I accepted a counterfeit checque.

[fillippone]

What's this $1k bs I'm reading this morning?
Get a grip guys, you're scaring the noobs.
<...>

Geopolitical news made investors going to buy safe investments.
Today Goldman Sachs told his client that: "Gold is a better Geopolitical hedge than Oil" and "Gold is the geopolitical hedge of last resort"

We found that spikes in geopolitical tensions lead to higher gold prices when they are severe enough to cause currency debasement (see “the geopolitical hedge of last resort”). This most often happens during wars or military escalations. Accordingly, we found that gold performed well, even controlling for real rates and dollar weakness, during the beginning of both Gulf wars and during the events of September 11, 2001. Therefore, additional escalation in US-Iranian tensions could further boost gold prices. All in all, we stick with our 3, 6 and 12m forecast of $1,600/toz but see upside risks if geopolitical tensions worsen.

We find that gold can effectively hedge against geopolitical risk if the geopolitical
event is extreme enough that it leads to some sort of currency debasement, and
especially if the gold price move is much sharper than the move in real rates or
the dollar.

So Gold is rising more than oil.
Digital Gold is raising more than physical gold.

a few hours later:

Fresh all time highs for gold in euros.

€45,266 a kilo

https://twitter.com/JanGold_/status/1214089342626541573?s=20


Also on Bloomberg:

Gold Nears Six-Year High as Mideast Tensions Spur Haven Demand

Gold neared a six-year high after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East and driving demand for havens.

Bullion rallied as much as 1.6% to $1,553.52 an ounce in the spot market, reaching the highest since September. Platinum futures briefly topped $1,000 an ounce to touch the highest since early 2018 in New York, while silver and other haven assets rose.

[nutildah]

Is this a machine learning bot post? Bitcoin has nothing to do with "prime numbers." Primecoin, on the other hand...

I disagree about the bolded sentence. ECDSA is pretty much about prime numbers.
-> https://en.wikipedia.org/wiki/Elliptic_Curve_DSA

But maybe I misunderstood you here or missed some irony, sorry then.

I stand corrected -- I was just trying to think of what bitcoin mining had to do with prime numbers and totally forgot about ECDSA's use of modulo p.