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

[JayJuanGee]

Ha Finex shorts are up 50% from 9.5k to 14k+ in 3 days. Almost there, getting my torch ready    

Of course shorts are up, why would anyone go long on BTC now?

Because BTC was, is, and will always be the reserve currency of crypto world.

Used to be true, in a sense, before exchanges updated to BTC/USD pairs. Now ETH has no need for inefficient legacy bitcoin middlemen

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

This seems to be one of those XT/Classic talking points, that has been absorbed into the pro ETH/Anti-bitcoin propaganda... and that is a false dichotomy that attempts to suggest that at this point in time, bitcoin is directly competing with credit cards and various other payment systems.... In fact, bitcoin has much more to offer, besides such a narrow strawman vision.

[dumbfbrankings]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

If you weren't buying ETH at $7.11, you probably shouldn't be buying it at $14.30... ? IDK.

I don't think anyone knows how much capital Blockstream will scare out of BTC before they capitulate. My impression is that Gregory's planetary sized ego would rather see it all burn than compromise.

[USB-S]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

If you weren't buying ETH at $7.11, you probably shouldn't be buying it at $14.30... ? IDK.

I don't think anyone knows how much capital Blockstream will scare out of BTC before they capitulate. My impression is that Gregory's planetary sized ego would rather see it all burn than compromise.

I saw the hype coming when eth was at $2, at first I didn't think it was going to consume this amount of capital. Now I just think that I don't want to get dumped on.
I'm still bearish on the long term vision of eth. When men in black knock on Vitaliks door, god knows what will happen.

[ahpku]

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

For some reason I am more capable of managing my own money when it's in crypto form. When in fiat I make way too many emotional buys, which I don't really need.<- I used to get myself scammed into altcoins when I joined bitcoin, not once, but like 5 times. I'm a failure inside sometimes.
I've found that investing in a casinos bankroll is a better way to increase my bitcoin holdings. I like betking.io, but I've had more profit with moneypot.

I got my trezor and ledger wallet with bitcoins, a silver round from nasty and bitcoin t-shirts(I bet there are more stuff that I've bough, but forgot). Also drugs, recently got 150pills of armodafinil from clearnet, it's 20% cheaper when ordering with bitcoins. One time my drugs got busted in the customs, but when you go in there with the mentality of show me the transaction where I bough the drugs or you haven't done your research, they won't do anything to you.

I'd love to try purse service in the future as well(maybe get an micro-sd card for raspberry pi core node).

So you bought a bunch of bitcoin things (Trezor, bitcoin t-shirts, and a silver round Nasty) and some overpriced caffeine pills (which got you noticed by customs).
If I told you I bought myself a hundred-dollar credit card holder and some Visa t-shirts & a silver "VisaFans coin" from another CC enthusiast with my CC, would that win you over to real money?

spending isnt the point of bitcoin anyway.

My point exactly. Also isn't the point of ETH, so why even bring it up?

[USB-S]

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

For some reason I am more capable of managing my own money when it's in crypto form. When in fiat I make way too many emotional buys, which I don't really need.<- I used to get myself scammed into altcoins when I joined bitcoin, not once, but like 5 times. I'm a failure inside sometimes.
I've found that investing in a casinos bankroll is a better way to increase my bitcoin holdings. I like betking.io, but I've had more profit with moneypot.

I got my trezor and ledger wallet with bitcoins, a silver round from nasty and bitcoin t-shirts(I bet there are more stuff that I've bough, but forgot). Also drugs, recently got 150pills of armodafinil from clearnet, it's 20% cheaper when ordering with bitcoins. One time my drugs got busted in the customs, but when you go in there with the mentality of show me the transaction where I bough the drugs or you haven't done your research, they won't do anything to you.

I'd love to try purse service in the future as well(maybe get an micro-sd card for raspberry pi core node).

So you bought a bunch of bitcoin things (Trezor, bitcoin t-shirts, and a silver round Nasty) and some overpriced caffeine pills (which got you noticed by customs).
If I told you I bought myself a hundred-dollar credit card holder and some Visa t-shirts & a silver "VisaFans coin" from another CC enthusiast with my CC, would that win you over to real money?

the package that got seized by customs, was 10grams of MDMA. After that I've stopped ordering from dark markets. All the packages that I ordered before MDMA got to me(mostly psychedelics). I didn't need the molly anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

[ahpku]

the package that got seized by customs, was 10grams of MDMA. After that I've stopped ordering from deep markets. All the packages that I ordered before MDMA got to me.(mostly psychedelics) I didn't need the molly anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

[USB-S]

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

No, they didn't even show me the product, only the package. Also most of my story was that I didn't know anything about the package, with a touch of poker face.  
Still a better experience than getting into ethereum.

[MingLee]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

If you weren't buying ETH at $7.11, you probably shouldn't be buying it at $14.30... ? IDK.

I don't think anyone knows how much capital Blockstream will scare out of BTC before they capitulate. My impression is that Gregory's planetary sized ego would rather see it all burn than compromise.

I saw the hype coming when eth was at $2, at first I didn't think it was going to consume this amount of capital. Now I just think that I don't want to get dumped on.
I'm still bearish on the long term vision of eth. When men in black knock on Vitaliks door, god knows what will happen.

It's probably a better choice to be bearish when it comes to investing in ETH, it was looking very weak until the last week, and I wouldn't be surprised if there is a drop again in the near future. It might be worth getting into Ethereum and start hyping it once it drops next, but I would be skeptical at this point. A lot of this would just come down to timing and making the right investments at the right time.

[ahpku]

the package that got seized by customs, was 10grams of x. After that I've stopped ordering from deep markets. All the packages that I ordered before x got to me.(mostly psychedelics) I didn't need the x anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

No, they didn't even show me the product. Also most of my story was that I didn't know anything about the package, with a touch of poker face  

So TL;DR: You managed to lose money trying to buy shit from DNM, but it's totally cool because you did successfully buy a hundred-dollar CC holder and some other equally cool bitcoin souvenirs? At least when I buy my BTCeanies, they don't need to buy a $100 BTCeanie holder, an "Kick me, I <3 BTCeancoin" t-shirt, and an overpriced, Chuck E Cheese-grade BTCeanie silver "round"

Still a better experience than getting into ethereum.

If you prefer to lose money, then I suppose. In the meantime, i'm sure Etherians are crying themselves to sleep, thinking how they accidentally increased their wealth SIXTEENFOLD IN HALF A YEAR

[USB-S]

the package that got seized by customs, was 10grams of x. After that I've stopped ordering from dark markets. All the packages that I ordered before x got to me.(mostly psychedelics) I didn't need the x anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

No, they didn't even show me the product. Also most of my story was that I didn't know anything about the package, with a touch of poker face  
Still a better experience than getting into ethereum.

So TL;DR: You managed to lose money trying to buy shit from DNM, but it's totally cool because you did successfully buy a hundred-dollar CC holder and some other equally cool bitcoin souvenirs? At least when I buy my BTCeanies, they don't need to buy a $100 BTCeanie holder, an "Kick me, I <3 BTCeancoin" t-shirt, and an overpriced, Chuck E Cheese-grade BTCeanie silver "round"

Yeah I love the embarrassment when walking around with my magic internet money t-shirt. Sometimes it feels like people would see me as more sane when I didn't have a t-shirt on at all(I'd put bitcoin stickers on my nipples).

I was thinking about going to my local bitcoin conference(if that ever happens) with a bag of flour and interview bitcoiners. My main question would be on sustainable bitcoin investments, with a hint of snorting flour and record that.
Most local bitcoiners are sucking Vitaliks dick, so that would be a fun experience.

Am I sane enough for bitcoin yet?

Yet not insane enough to buy into eth.

[Gyrsur]

Bitslandia: much rage and devastation

But in Etheria, great joy and jubilation DANCE PARTY!!

https://youtu.be/5J47weWWmKo

[Fatman3001]

Ether pumpers are slowly dying.

Also called: living

[USB-S]

Isn't everything in life like gambling? At least in bitcoin you can chose to be the one with 1% edge.
Even 1% edge isn't sustainable if the casino makes a run for it. I bet my local bitcoiners know a lot more on growing bitcoins than I do. I'm a dummie on these types of things.

If there was an autonomous casino on the ether network with sustainable traffic I still wouldn't invest in that, because I don't trust ether as much as I trust bitcoin.

I think that Ethereum scam is currently fed by bitcoin block halving hype, only it has snowballed way out of hand.

[ImI]

ETH is more of a hedge at the moment. BTC seems very unstable.

[ahpku]

Isn't everything in life like gambling?

Art, love, eating, shitting, working -- everything's a gamble. An unfortunate way of looking at life, but sure.

At least in bitcoin you can chose to be the one with 1% edge.

Was there ever a sucker who thought he didn't have an edge? Isn't that pretty much the defining quality of a sucker?

Even 1% edge isn't sustainable if the casino makes a run for it. I bet my local bitcoiners know a lot more on growing bitcoins than I do. I'm a dummie on these types of things.

There's money to be made -- mainly creative ways to launder money, but:
1. Just like with any other totally legit enterprise, you have to be hooked up, know the right people, and, most important, you have to really know what you're doing.
2. It's important to get in and get out at the right time. This thing got torched years ago. If you haven't noticed, bitcoin's been passed down to third-worlders now, spamming in pidgin for change they make from sig ads. Bitcoin's as fresh as

Ya homey, have you dug that show, Daddy-o? Dawg my man, it da groovy bomb! Popin' fresh radical, check it, muh nigga!

[USB-S]

There's money to be made -- mainly creative ways to launder money, but:
1. Just like with any other totally legit enterprise, you have to be hooked up, know the right people, and, most important, you have to really know what you're doing.
2. It's important to get in and get out at the right time. This thing got torched years ago. If you haven't noticed, bitcoin's been passed down to third-worlders now, spamming in pidgin for change they make from sig ads. Bitcoin's as fresh as

Ya homey, have you dug that show, Daddy-o? Dawg my man, it da groovy bomb! Popin' fresh radical, check it, muh nigga!

1. Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.
Talking about legit enterprises, what qualifies as legit? You can't even use the project leader as an oracle, because they might not even be aware that they are unintentionally scamming people. So knowing the right people gets you where exactly?
I have to agree, that there is money to be made. Money flows more freely within crypto, than in our conventional regional monetary system.


2. Timing the markets is something beyond my comprehension at the moment. Mostly because I've had pretty bad history with trading. Buying and hodling suits me way better, I can read charts, however predicting the future is way too difficult for me. Everyone who says, that they can predict anything is a fool.
$1mil/pop soon!

I would niggatalk back to you, but my penis size doesn't even qualify me being a bitcoiner. Sue me.

[ahpku]

Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.

Sure, most people still dicking around in bitcoin are not very bright. Just like most people still trying to make their fortunes with BTCeanies aren't very bright. I'd go as far as to say that these people are idiots *because* they're still dorking around with BTC/BTCeanies. Because falling for trendy overhyped bullshit is bad enough, but persisting after everyone has gone is simply retarded. Or weird.

That's what I meant by "get out at the right time." Not timing the market.

[yefi]

Correct me if I'm wrong, but in ethereum every node needs to execute the smart contract. Imo that's really a big waste of resources, when you have a much lighter version of the same system on the bitcoin network via rootstock, you can also use counterparty. Vitalik fucked this one up big time. How is he going to explain to his investors that he made a useless shitcoin.

Thing is, what does any of it matter? Partygoers, you see, are not much interested in reality until the day-after. How do you think Gox kept going for so long?

[DaRude]

Finally a green candle with some volume

[JayJuanGee]

ETH is more of a hedge at the moment. BTC seems very unstable.

Even though you claim to commenting genuinely what you believe, some of your comments are quite amazing.... the truth of the matter should be the opposite of what you just asserted....

I mean to consider something that is being pumped into oblivion (as more stable and as a hedge) is quite amazing... it seems to be a gamble more than anything to attempt to hold any value in ETH.

but, yeah, you are free to feel whatever it is that you feel.. and yeah, maybe putting some small amount would be o.k.... though I am not going there under the current circumstances..