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

[Cryptotourist]

shilling for ponzi

that s it

Normally I would just ignore you on this thread hv_.
But to insinuate that I somehow get paid by another party for my efforts, is way out of line.
Maybe at the worst case scenario - it's about protecting my bags from people like yourself.
My efforts are in direct contrast, with your shilling propaganda - but you knew that - so there is that.

No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.

This.

That's why you don't tell your wife about your crypto adventures. Ever.

She'll nag about selling your bag way waaay too early forever  

Actually it's two things you should never let your wife know exactly about. How much money BTC you have, and how much you love her.

[VB1001]

It will be interesting to see the final result.

[JayJuanGee]

No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.

You said in one sentence what it took me a JJG sort of novella to try to say above.

Devils in the details, cAPSLOCK.. for those who attempt to develop reading comprehension, which tend to be helpful here on the interwebs.. but frequently, I will deploy images/memes which can be helpful for peeps like you, too.    You can thank me later.

Sorry (my condolences to you and your family - they ^tm)  that you did not understand such details from my post(s), so you boiled it down to merely one of the ideas contained therein (an idea that I did not even mention, therein).  

Sucks to be you.  

[600watt]

And look how my GF Made my travelcase, map with all the papers and where to go “haha, but how very sweet”
Just affraid that i would miss something i guess
Every page hours flights marked etc .......

Dude. You need to put a ring on that finger of hers.

He is a 'genius' as BTC goes down he will see if it was for himself or the BTC Hoard

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

the thing you need to convince her about is: bitcoin went from zero to $19k. if you would be the kind of person with a more traditional mindset when it comes to investing, you would have sold after hitting 2x or 3x. you didn't because you knew deep down inside that there was a 50x or 100x waiting for you. and still is. you are sitting on the hottest investment ever created.

[explorer]

You forgot the last image with the caption "7 years later... I'm divorcing you and taking half of your bitcoin!"

Sorry love, I lost everything you in a boating accident.....

ftfy

[Biodom]

No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.

You said in one sentence what it took me a JJG sort of novella to try to say above.

Not looking forward to that.
IMHO, what is happening (my hypothesis): faced with constant withdrawals, exchanges instituted a scheme where they are getting re-hypothecated bitcoin from the likes of blockfi, celsius, nexo and crypto.com

That's why price does not react to bullish events, as long as their "supply" is virtually unlimited.
The question is: do you trust that each btc on exchange 'actually' represents a "real" bitcoin or a bitcoin genuinely "borrowed" from the companies mentioned above?
I strongly suspect that it is not the case.
It is probably much, much worse.

There is not going to be any supply shortage as long as the 'scheme' continues unabated.

[JayJuanGee]

It will be interesting to see the final result.

Yep interesting.

When the BTC price is going up, many of us tend to gravitate towards greater levels of optimism in regards to UPpity and even considering that UPpity is more and MOAR inevitable.

Of course, waves take place - and also at some point, we are going to enter into a "last time below $10k" point in time.

Really knowing the bottom is probably almost as powerful as knowing peaks - but surely, we know that neither peaks nor bottoms can really be known with any kinds of high levels of certainty, except in retrospect.

No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.

You said in one sentence what it took me a JJG sort of novella to try to say above.

Not looking forward to that.
IMHO, what is happening (my hypothesis): faced with constant withdrawals, exchanges instituted a scheme where they are getting re-hypothecated bitcoin from the likes of blockfi, celsius, nexo and crypto.com

That's why price does not react to bullish events, as long as their "supply" is virtually unlimited.
The question is: do you trust that each btc on exchange 'actually' represent a "real" bitcoin or a bitcoin genuinely "borrowed" from the companies mentioned above?
I strongly suspect that it is not the case.
It is probably much, much worse.

There is not going to be any supply shortage as long as the 'scheme' continues unabated.

Those engaged in fractional reserves could get caught on the wrong side of those kinds of bets, too....

Fractional reserves is part of the theory of what happened with MTGOX... sure, those kinds of actors may well be able to play their bad fractional reserve bets (which does not adequately prepare them for UP) for a while but sometimes face-melting UPpity could come with extreme explosiveness and thereby cause chickens to come home to roost for those kinds of ill-prepared betters - and really show who the naked swimmers happen to be (employment of mixed metaphores, of course).

[Torque]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

You can:

1. Remind her that without your initial interest in Bitcoin, you/she would likely have none at all by this point.

--or--

2. Dump her.  

[OutOfMemory]

voted.

22/23 

[BitcoinGirl.Club]

A yes from me but I am going to hope my best that it never happen anymore.



Good evening WO!
Observing @ $10,870

[bitcoinPsycho]

A yes from me but I am going to hope my best that it never happen anymore.



Good evening WO!
Observing @ $10,870

Id say 50/50 is fairly accurate

[El duderino_]

Will we visit 11k again ?? This night perhaps??

[vapourminer]

^^

asking the important questions

[El duderino_]

^^

asking the important questions

As always.... 

[Indymoney]

A yes from me but I am going to hope my best that it never happen anymore.



Good evening WO!
Observing @ $10,870

Id say 50/50 is fairly accurate

Now we are 27/25 as its very cruicial any thing can happen like before 1st October we are going touch $11K and staying on this for some good time.

[fillippone]

Sorry to bring up this post, but I am once again 50 pages late in reading the WO...

(* Another subject that I recently began to write about, and did not yet finish:  Fractional reserve banking is mathematically impossible with Bitcoin.  Because fractional reserve banking is not what most people think it is—it is worse—it creates money out of thin air, whereas it is impossible to loan new bitcoins into existence out of nowhere.)

Indeed, this is why I have been looking into DeFi.

I see a legitimate function here.
 A new gold standard, where  Bitcoin, the digital gold takes the place of the physical gold, while some higher layer DeFi token, compete in a free market for dominance à la Hayek, allowing a full financial system (yes, with credit allowed by fractional lending) based on a decentralised, trustless framework.
 
EDIT: I am on page 27275

Bitcoin: a sly, roundabout way

https://twitter.com/sthenc/status/1310673774111371264?s=21

[BobLawblaw]

I voted for seeing sub $10k again, because it's the only thing that really gives me a sense of fear any more.

Makes me feel alive.

[Indymoney]

[JayJuanGee]

I voted for seeing sub $10k again, because it's the only thing that really gives me a sense of fear any more.

Makes me feel alive.

Hey bob.. I like it...

mostly



You fuck


#nohomo

And, the reality of the matter is that the odds are probably greater than 50/50 that sub $10k will be revisited at some point in the near future (between 1 day hour**  to 2 years from now), so why create unrealistic expectations by voting against something that has decently high odds of happening in the whole scheme of things... but such same thing that you prefer NOT to happening?

** Edited to account for how close we had been to $10k at the time that I first posted, which was $10,850 at the time of the original post - two hours later, observing a dip down to $10,629

[LFC_Bitcoin]

I voted for seeing sub $10k again, because it's the only thing that really gives me a sense of fear any more.

Makes me feel alive.

Haha







@VersusTheMan
Normies:

2017: Bitcoin @ $5k - "I missed the boat"
2021: Bitcoin @ $50k - "I missed the boat"
2025: Bitcoin @ $250k - "I missed the boat"
2029: Bitcoin @ $900k - "I missed the boat"
2033: "Dude, my boss just gave me a 100,000 satoshi per year raise!"
https://twitter.com/versustheman/status/1310653661278736385?s=21



@physic