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

[JayJuanGee]

.....4 more blocks until a -9% difficulty reduction.
Bitcoin working as designed and all is well.

I really really hope the courts in Florida throw the fucking book at him.  He has wasted a lot of taxpayer money in my country.

Looks like we got your >9% decrease.  Might be enough for some marginal miners to come back on.  In fact if this is the bulk of post halving stabilization, i am frankly surprised.  Too easy really...

Hash power up and down through the first six months of the year, but the current hashpower is largely the same as it was at the beginning of this calendar year.

There are likely some miners who are only borderline profitable at these rates and are having some dilemma regarding whether they should turn on their machines.

Meantime 9700ish is not bad. I'd prefer a more relaxed run to 10k and 15k then bursts that then become busts....

Odds are quite low that there would be any kind of gradual movement in the BTC price especially going all the way up to $15k... holy shit.....
, but never say never..

I would expect there to be some battles in the 2019 high levels around $13,880-ish.. and sure, getting above $12k might clear the path to make $13,880 easy-peezy... I am not going to prejudge too much.. (but I will prejudge a little).

For about two years now, I have been asserting that getting above $17.5k-ish would likely clear the path for breaking ATH... so I would expect a certain amount of battle to try to prevent BTC prices from getting above that mid-$17k arena.

I cannot really imagine very many scenarios in which there would not be some kind of an accompanying shitcoin pumpening; however, one scenario could be some kind of major issue with ethereum's phony-ass transition to 2.0 (which not even they want to do), which could allow for BTC to be somewhat reversely correlated to shitcoins (which would be the preferred scenario, that just seems to have low odds, too)... so I am still thinking that several shit projects are somewhat coming along on part of the BTC ride UPpity, at whatever point the UPpity really starts to move (presuming that it is going to at some point, soon-ish^tm)

[OROBTC]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

There does seem to be a lot of rhetoric re a reset.  Look for JUBILEE to become heard a lot more too.

The wealthy elites only seem to suffer in a revolution.  Revolutions are typically a bloody mess.  We don't want them.  Reform instead.

Hard to see meaningful reform anytime soon though.  Buy BTC and buy gold.  IMO.

more ammo too

[yefi]

Governments are printing money like Brrrrrr in an attempt to save economies.  The boatloads of money being freshly minted have to go somewhere so it's not surprising markets appear to be doing well.  The surprise will come later when you're paying twice as much (or more) to put food on the table.

It's that massive financial engineering to try and make everything rosy that makes it so unnerving. It's like the games Karpeles played on Gox to try and recuperate the gaping hole in the balance sheet, "I'll make everything rosy," he said to himself. But what followed was disconnect and collapse.

[JayJuanGee]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

There does seem to be a lot of rhetoric re a reset.  Look for JUBILEE to become heard a lot more too.

The wealthy elites only seem to suffer in a revolution.  Revolutions are typically a bloody mess.  We don't want them.  Reform instead.

Hard to see meaningful reform anytime soon though.  Buy BTC and buy fuck gold. #nohomo  IMO.

more ammo too

I merited your above post because I agree with everything you said; nonetheless, I suggest to amend that we: "fuck gold", instead of buying it. (similar to how we would fuck the police; to be noted: infofont's version)


 

 

[OutOfMemory]

Thx WO brothers .... resto’s opening at 8june..... so having a dinner with GF, friendly couple aaaaaand lots of booze

Cheers and gogogogo BTC

 Happy birthday El Dude!
Cant wait for the pending dinner pics.  

Hey, we wanna see (at least a part ...no, no.I didn't mean this part, for sure... *g*) of the dude's new queen, too!  

Happy B-Day from me, too El_duderino!  
Lemme just tell you that 34 is not old at all. Even 10 years older is still not old.
It's just 34 years of growing experience and Tao, that is  
Every morning is a new birthday, the birthday of another series of new experiences in a unique human life.

[Torque]

Governments are printing money like Brrrrrr in an attempt to save economies.  The boatloads of money being freshly minted have to go somewhere so it's not surprising markets appear to be doing well.  The surprise will come later when you're paying twice as much (or more) to put food on the table.

It's that massive financial engineering to try and make everything rosy that makes it so unnerving. It's like the games Karpeles played on Gox to try and recuperate the gaping hole in the balance sheet, "I'll make everything rosy," he said to himself. But what followed was disconnect and collapse.

Yep, just look at a stock chart of any country that's encountered mass monetary inflation and then hyperinflation (Venezuela, Zimbabwe, etc.) , and you can see where the new hyper-printed fiat goes. Inflation in equities = hockey stick melt up. Western economies are still just at the beginning stages of the same thing... but it'll accelerate soonish

[JimboToronto]

The wealthy elites will suffer nil.

#BUYBTC

The new wealthy elites. Hodlers.

Meanwhile: $9888 Stamp.

C'mon 5 digits.

[OutOfMemory]

I watched that twice... I still don't understand what he's saying and I'm not sure he does either.

Satoshi.... rofl

He's describing signing such as is used in https ssl certificates. Bitcoin signing is completely different. He knows the difference, but someone called his bluff and he has to create another lie to cover it up.

As long as he has enough shillers to follow, they will spread every of his messages.
Either BSV goes zero, its network becomes unoperable or Craig goes to jail. Then eventually, the story of BSV may end.
But it's a part of bitcoin, too, since it's value practically comes from bitcoin through the chainsplit.

[Icygreen]

https://www.globenewswire.com/news-release/2020/06/02/2042081/0/en/Velocity-Announces-Discovery-of-New-Gold-Zone-and-High-Grade-Gold-Drill-Results-from-Obichnik-Gold-Project-Bulgaria.html

We rich now

Gold machine go Brrr..
Interesting, Bulgaria. Isn't that the government that confiscated and 'lost' 213K BTC.   Maybe they're just diversifying.

[Torque]

Good thing all those stimulus checks got the public spending like crazy again!

Oh wait...lol.

[jojo69]

Hey, we wanna see (at least a part ...no, no.I didn't mean this part, for sure... *g*) of the dude's new queen, too!  

sorry, Patreons only for that content

[OROBTC]

...

JJG

Gold is inferior to infofront's hottie in one very important sense: gold is too cool to the touch compared to her.

So, I'll just HODL them both (Au and BTC), I'm a married guy who has no wish to HODL hottie cops and get into all kinds of trouble 'round here...  Just thinking about that makes my head hurt.

[Elwar]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

We are the new wealthy elites gentlemen.

[marcus_of_augustus]

34 brothers, the dude is getting drunk older :-)

Congratulations, When you are about my age I'll be somewhere around my 90s. (That means I'll most likely be dead).
Enjoy youth, oops,forgot who I''m talking to, you already do.

Code:

x - 34 = 90 - x
2x = 124
X = 62

Is 62 yo ...

[JayJuanGee]

Governments are printing money like Brrrrrr in an attempt to save economies.  The boatloads of money being freshly minted have to go somewhere so it's not surprising markets appear to be doing well.  The surprise will come later when you're paying twice as much (or more) to put food on the table.

It's that massive financial engineering to try and make everything rosy that makes it so unnerving. It's like the games Karpeles played on Gox to try and recuperate the gaping hole in the balance sheet, "I'll make everything rosy," he said to himself. But what followed was disconnect and collapse.

Yep, just look at a stock chart of any country that's encountered mass monetary inflation and then hyperinflation (Venezuela, Zimbabwe, etc.) , and you can see where the new hyper-printed fiat goes. Inflation in equities = hockey stick melt up. Western economies are still just at the beginning stages of the same thing... but it'll accelerate soonish

Well, yes, and Trump remains such a superficial diptwat, and one of the ways that he measures his performance continues to be through the performance of equities (on paper), and part of the ignorance of the American people (and maybe even the world) is that they buy into allowing him to proclaim (and frame) his purportedly "good" (or should I say "great"?) performance through such nonsensical and obviously manipulated metric.

The wealthy elites will suffer nil.

#BUYBTC

The new wealthy elites. Hodlers.

Meanwhile: $9888 Stamp.

C'mon 5 digits.

Yes.  Exactamente!!!!!

We are witnessing, and are likely a part of (to the extent that we are HODLers), the largest transfer of wealth in history.

[Indymoney]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

We are the new wealthy elites gentlemen.

Hopefully we will stay here for some long time.

[OROBTC]

https://www.globenewswire.com/news-release/2020/06/02/2042081/0/en/Velocity-Announces-Discovery-of-New-Gold-Zone-and-High-Grade-Gold-Drill-Results-from-Obichnik-Gold-Project-Bulgaria.html

We rich now

Gold machine go Brrr..
Interesting, Bulgaria. Isn't that the government that confiscated and 'lost' 213K BTC.   Maybe they're just diversifying.

I believe the earliest gold artifacts were dug up in Bulgaria.  Looks like they have loved gold for 6000 + years.

https://en.wikipedia.org/wiki/Varna_Necropolis

They need to keep digging there, they may even find the extremely rare Antminer S4000BC

[JayJuanGee]

I watched that twice... I still don't understand what he's saying and I'm not sure he does either.

Satoshi.... rofl

He's describing signing such as is used in https ssl certificates. Bitcoin signing is completely different. He knows the difference, but someone called his bluff and he has to create another lie to cover it up.

As long as he has enough shillers to follow, they will spread every of his messages.
Either BSV goes zero, its network becomes unoperable or Craig goes to jail. Then eventually, the story of BSV may end.
But it's a part of bitcoin, too, since it's value practically comes from bitcoin through the chainsplit.

I cannot see BSV going to zero any time soon, even if Craigie weggie goes to jail.  There will be some milking of the hype of the injustice of it all for quite a while to come... And, yeah it would be nice if Craig were to go to jail, but that seems to be a kind of pie in the sky wish, and are those kinds of justices ever really achieved in the real world?

  Of course, there could be some major BSV price fluctuations (including DOWNity) and even attacks on the BSV network that could help BSV in the direction of achieving somewhere close to its true value (which I agree to be at or near zero), yet we have seen too many fucked up/scam projects in this space that continue to get pumpenings without much if any reasonable considerations about their actual value there.. I think Onecoin serves as one of those examples.

[bkbirge]

This guy has the answers...
https://twitter.com/RexChapman/status/1268347880731009026

[marcus_of_augustus]

... sars-cov-2 manmade bioengineered chimeric virus leaked from lab in wuhan ... Confirmed
retired chief spook from UK saying china let it run to rest of world so they were not uniquely disadvantaged, smells a lot like limited hangout to distract from the civil unrest and directed anger away from military intelligence surveillance complex western elites have built and back at china
https://www.telegraph.co.uk/news/2020/06/03/exclusive-coronavirus-began-accident-disease-escaped-chinese/