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

[Ibian]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

[mymenace]

MOOOAAARRRR!!!!!

[kodtycoon]

this is guna get quite interesting. the buying is obviously a direct result of china, but why? devaluation of the yuan right? right. thing is it was devalued as a direct result of, and retaliation to the US' 450% inport tax on certain metals. china pissed. as they were last time the fed got hawkish on rates. twice in a row in a week: hawkish fed speak = yuan devaluation the next business day. followed by dovish fed = increase in valuation of yuan. the fed was hawkish AF friday(?).. so monday = more devaluation = more capital flight = more "to the moon" \(00)/

and its only guna escalate between the US and china so all good on the horizon 

[yefi]

Someone is trying very hard to suppress price w/ giant 650 coin wall @ 497 on Stamp

Does it get eaten? Pulled?

They're going to have to try harder than that. Remember in November '13 when someone (Mark?) put up 10,000 BTC @ ~$260 on Gox?

[Assmaster2000]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

Not well?

[Tzupy]

Someone is trying very hard to suppress price w/ giant 650 coin wall @ 497 on Stamp

Does it get eaten? Pulled?

They're going to have to try harder than that. Remember in November '13 when someone (Mark?) put up 10,000 BTC @ $200 on Gox?

I remember, but it was at 260$, and made me panic sell. Bought back after it was eaten.

[Wexlike]

I <3 China

[r0ach]

It's over for all these beta male shills rubbing their rat claws together cackling about shekels and interest rates.  The spaceship has been loaded with the rocket fuel and you must deal with all the unpleasantries of the entire universe in which you created.

[Assmaster2000]

this is guna get quite interesting. the buying is obviously a direct result of china, but why? devaluation of the yuan right? right. thing is it was devalued as a direct result of, and retaliation to the US' 450% inport tax on certain metals.

ELI5 how debasing yuan counters the anti-dumping tax?

[jbreher]

I don't understand why there isn't a global policy of involuntary euthanasia for nazis. Seems like a no-brainer.

No-brainer only if performed via encephalectomy.

[Ibian]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

Not well?

Well enough to survive to the present day and be a pest.

[becoin]

And food. The west produces food. In abundance.

The food West produces is heavily subsidized. It is not competitive without the money printing press. 80% of the food West produces is corn and soybeans. The huge variety of food in shops is just imaginary as it has only 2 base ingredients - corn and soybeans.

[Fatman3001]

I don't understand why there isn't a global policy of involuntary euthanasia for nazis. Seems like a no-brainer.

No-brainer only if performed via encephalectomy.

Excellent! So we have a definition from lambie, method of mercy from you... I'm excited!

[kodtycoon]

this is guna get quite interesting. the buying is obviously a direct result of china, but why? devaluation of the yuan right? right. thing is it was devalued as a direct result of, and retaliation to the US' 450% inport tax on certain metals.

ELI5 how debasing yuan counters the anti-dumping tax?

it strengthens US dollar = shit for stocks + makes exports more expensive imports cheaper. if exports are more expensive it means less foreign currency flowing in and more flowing out. singapore is an interesting exception to the rule, being the only island city state in the world: tiny with little capacity to produce physical goods, they have to import a shit lot and cant export much so a strong currency actually suits them quiet well cos it makes imports cheap and exports expensive. its vice versa to the US and china. it makes labor more expensive in the US too, basically exporting jobs to, guess where, china, where it just got cheaper to produce goods.

edit: it doesnt so much counter the tax,, its more like a big "fuck you i can play dirty too" "best change your tone or shits guna go south for you quick"

[finkelsteinMonster]

I deny being a Jew.
I deny being an r/buttcoin infiltrator, saboteur, destroyer of bitcoin space
I deny being a pathetic beta

https://img.buzzfeed.com/buzzfeed-static/static/2014-12/8/20/campaign_images/webdr09/34-elf-quotes-that-never-get-old-2-31813-1418088432-4_dblbig.jpg

[matt4054]

We're going to see $600 in June for sure. Good news

[Fatman3001]

[yefi]

I remember, but it was at 260$, and made me panic sell. Bought back after it was eaten.

You're right, it was around the previous ath. Was a great show, anyway.

[Assmaster2000]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

Not well?

Well enough to survive to the present day and be a pest.

Not sure I understand. Should we stop selling food to the pests? But they make us our iPhones for next to nothing?

[jbreher]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

Educate yourself, Westerner. https://en.wikipedia.org/wiki/Inedia

I'll read it when I need a laugh. I scanned as far as 'Roscrucians', and could go no farther.