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

[El duderino_]

[jojo69]

brace for acceleration

[jojo69]

AYH

brace for Vegeta

[JimboToronto]

Good morning Bitcoinland from the Maya jungle.

Haven`t posted here in the few days since I got out here (internet problems) but the price continues to rise..... currently $8863USD $11580CAD (Bitcoinaverage).

2020 is starting out quite nicely.

Go Bitcoin go.

How can there be an "ATH of the year"?

Short attention span.

Then again it could be a typo. The T key is right beside the Y key.

[LFC_Bitcoin]

Lol

Bitcoin is up 30% since this rotten, old boomers tweet!




@PeterSchiff
For those Bitcoin bugs excited about Bitcoin's 4% rally in 2020, think about this.  #Gold is also up by about the same percentage this year, only with significantly less downside risk.  If this is the best rally #Bitcoin can muster, how will it ever hit 50K, let alone 1 million?
https://twitter.com/peterschiff/status/1214214488376958979?s=21

[jojo69]

lol, I tried to move Jimbo to 1337 merit and he is somehow got a hold on at 1336

how U do dat?

edit, there we go, just took the cache a minute, you are officially leet Jim

all hail

[NeuroticFish]

AYH

brace for Vegeta

I see somebody has already uploaded it as a preparation: http://cdn23.us1.fansshare.com/photos/meme/vegeta-meme-wallpaper-510512536.jpg

[LUCKMCFLY]

Many analyzes are formed from the Stock-to-flow model.

Gold vs Bitcoin: The stock to flow concept visualized.

The "hardness of money" of Bitcoin will be about the same as Golds, from May 2020 to May 2024.
Even "harder" thereafter.

Source: https://twitter.com/MarkValek/status/1217325142411444224

[fillippone]

VEGETA GAME !!!!!!

$50 worth of BTC to one winner


Right, we’ve been under $9,000 for quite a while now. I think it’s time to PLAY ANOTHER GAME !!!!!!!!

Ok, this time I’m going to be clear on two rules -

1.) When the price crosses $9,000 on BITSTAMP you must post a Vegeta meme
2.) I also want a screenshot of the BTC price from BITSTAMP to prove it’s over $9,000

**If you post a meme but no screenshot - No win**

**You must post a Vegeta meme & the Bitstamp screenshot so I can verify the time of your post against when the price went over $9,000**


Thanks & good luck!

Will we finally see this guy today?

Observing $8,800

Edit -$8,857

Only traded price above 9,000 counts. I will screenshot that.
Asking confirmation from gamekeeper LFC_Bitcoin.

[vapourminer]

"Feeeeed me Roger!"  -Bcash "Feeeeed me Calvin!"  -BSv

SUPPERTIME!

[nutildah]

Just practicing... LOL.

Aw man my computers so slow there's no way I'm gonna win.

[bitcoinPsycho]

[JimboToronto]

you are officially leet

Thanx... next target: 2600.  

[Paashaas]

https://twitter.com/galaxyBTC/status/1217431156758601728

[Wekkel]

We can do this fast or we can do this slow... 

[realr0ach]

Stock-to-flow model.

"Stock to flow" does not apply to Ponzi scams.  I don't know if any of you noobs understand economics at all - and I wasn't there to personally witness the event or personally audit all the bookkeeping - but the great depression involved a liquidity deficit.  Some claim it was an engineered depression by the banks, others claim it's not; who knows, that doesn't matter for this discussion.  What matters is that if Bitcoin was actually the unit of account of anything (I.E. the world reserve currency and everything is priced in Bitcoin), the halving itself is a liquidity implosion similar to the great depression.

With Bitcoin not being the unit of account of anything it doesn't really matter because it just functions as a meaningless pump and dump scam, but if you actually tried to price everything in the world in Bitcoin it would be laughable. What type of "monetary system" do you know of where every vendor on the planet needs to massively adjust all their prices every four years?  None exists because anything with such stupid mechanics always dies because anything operating with such dynamics is a Ponzi scam.  The purpose of a monetary unit is to provide price stability, not be unstable by default.

In terms of having an actual functioning economic system, the 'halving' is a monetary crisis, not some sort of benefit.  The only people who view it as beneficial are pump and dump scammers hoping it allows them to make money off algorithmically designed, large volatility.  If Bitcoin was designed to actually be useful as a unit of account for something instead of a Ponzi scam, the block reward would be static eternally.  The government creators of Bitcoin who want it to function as a cashless society slavery system where everything you do is monitored in real-time knew it would be impossible to try and get anyone to use Bitcoin with an infinite, static block reward over metals, so they designed it as a get rich quick scheme, Ponzi scam to later be adjusted or replaced when it eventually fails due to having no use case beyond a pump and dump scam.

[FreedomCoin]

That 24h volume is looking nice.

ATH in volume?

[psycodad]

you are officially leet

Thanx... next target: 2600.  

* psycodad whistles:

And then rename account to Cap'n Crunch? 

[d_eddie]

LoL

So Ball tempering is not @bitserve's trade mark.....

... or Bawb's, official founder of BTC  (Ball Training Club).

[DeathAngel]

That 24h volume is looking nice.

ATH in volume?

Interesting, I don’t know though. How do you check that stat?

I think if we break $9,000 it could be a quick run up to five figures.