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

[spiderbrain]

And the central banks are saying what they're doing isn't enough...that they need to think up some more extreme measures because the market isn't "reacting" the way they'd hoped when they opened the floodgates.

Everybody who is somebody knows there is only 1 option.  The monetary velocity has frozen; the debts are unserviceable; the only way forward is a giant revaluation of gold where all national currencies take a huge haircut in the process.  Each nation can't simultaneously devalue against each other in a currency war because then you accomplish nothing if everyone does it.  Instead of trying to rig gold in place and devalue against each other, they have to let gold float free and then re-integrate it somehow.

If you try to freeze gold in place and just print your way out of it, you get hyperinflation.  If you let gold free float and then let it rise and re-integrate it in some manner, then you might be able to avoid the eventual hyperinflation outcome of printing to avoid deflationary collapse.  It's kind of a situation where the writing is on the wall for the death of these fiat currencies, so they can either transition to gold and silver in a semi-turbulent but non-armageddon manner, or just have a new Dark Ages that comes with Weimar republic, wheelbarrow hyperinflation after they have to print to avoid deflationary collapse.

Of course, the conspiracy is, they might WANT a hard collapse to use as an excuse to usher in some new Jewish slave planation government model and one world currency they've cooked up.  The Jews love to hawk this stuff off to useful idiot Goys in high positions of power pretending they're all on the same team of "high tier big powerful guys", when the team is really just Zionist jews vs everyone else.  The goys in expensive suits are just disposable useful idiots who will be tossed out with the trash.  

All of you moron branch bankers reading this need to turn on the Jews before they turn on you.  When they took over Russia, the first thing they did was holocaust all the goys.  They'll try to put anyone in a high position of power who isn't a member of team Zionist in front of a firing squad after the dollar implodes and you have world chaos, just like Russia all over again.  And that's what will happen even if you willingly act as their useful idiot servant.  Why do you think they're trying to start war with Russia?  Because Russia was the last major victim of the Jews and they refuse to be scammed and murdered again.

I was with you up until the racism.

[Andre#]

Andre, your rationale is broken.

Let's say tomorrow morning block size is 10mb.

I spam it to "full blocks". After all, fees are dirt cheap (even now, 42k txs were processed in the last 24hrs for near zero fees at the 0 to 9 satoshi range - https://bitcoinfees.21.co ) since there's around 0.7-0.8mb actual demand (or at least pretending to be actual by paying 10+ satoshi) and no practical fee competition for the rest 9.3mb.

So once I do that, I come and tell you that there is no room for new users because txs are maxed out.

Spot the fallacy.

No, it's your rationale that is broken. Because you assume that low paying txs are spam. But if they are spam, why pay anything? It's like saying the passenger who bough a $10 plane ticket isn't really going anywhere -- he's just spamming the airplane, because his ticket is so cheap (look! 42 of the 250 passengers had a $10 ticket on the last flight!). I disagree with your assumption. I think cheap customers are still real users of the airline. And by selling their seats to others who pay more, you are not flying more passengers. You are not increasing the user base.

[AlexGR]

Andre, your rationale is broken.

Let's say tomorrow morning block size is 10mb.

I spam it to "full blocks". After all, fees are dirt cheap (even now, 42k txs were processed in the last 24hrs for near zero fees at the 0 to 9 satoshi range - https://bitcoinfees.21.co ) since there's around 0.7-0.8mb actual demand (or at least pretending to be actual by paying 10+ satoshi) and no practical fee competition for the rest 9.3mb.

So once I do that, I come and tell you that there is no room for new users because txs are maxed out.

Spot the fallacy.

No, it's your rationale that is broken. Because you assume that low paying txs are spam. But if they are spam, why pay anything? It's like saying the passenger who bough a $10 plane ticket isn't really going anywhere -- he's just spamming the airplane, because his ticket is so cheap (look! 42 of the 250 passengers had a $10 ticket on the last flight!). I disagree with your assumption. I think cheap customers are still real users of the airline. And by selling their seats to others who pay more, you are not flying more passengers. You are not increasing the user base.

You may disagree all you want but the reality of economics is that if you give the service for free or near-zero, it will attract abuse. And you can label that abuse as "use", to make the case for 10mb or 10GB blocks - which even them can be filled by abuse, and then you will be asking for 10 PB blocks: You implement circular logic, using the maxed transactions as evidence for "we can't have new users", forgetting that one can max out any tx limit if the cost for doing so tends to zero.

Your logic is also provably problematic, because altcoins have actually tried adaptive block sizes where the block just grows with use - and guess what happened.... Abuse happened. It started growing and growing in tx count, and then the blockchain was getting more bloated and more bloated, and guess what was the reaction... Minimum fee was raised. A LOT. So, in the end, while block size was "infinite" to cover any demand, in reality it was just only serving top-paying customers to keep bloat to a minimum and prevent spamming.

If the block has ample size for txs and if fee tends to zero, abuse will tend to max block size - just because some random hacker or script-kiddie wants to do that. You either implement a minimum fee threshold and larger sizes, or you let a block size that is ok for the market demands and allow a level of abuse with free/near-zero fees (like we have right now).

[BathSaltsDealer]

Yo Bitcoin, you really banging!



Was it everything you thought it would be?

[adamstgBit]

So I'm working on this, figured I'd give folks here a first peek since you're the ones that would appreciate having something like this.



The final product will have a better price display that I'm still working on, I just grabbed a zoom in of bitcoinity for this stage of development.

Price would probably be around $125 to $150 to make a profit.

Is this something you would buy?

[savetherainforest]

And the central banks are saying what they're doing isn't enough...that they need to think up some more extreme measures because the market isn't "reacting" the way they'd hoped when they opened the floodgates.

Everybody who is somebody knows there is only 1 option.  The monetary velocity has frozen; the debts are unserviceable; the only way forward is a giant revaluation of gold where all national currencies take a huge haircut in the process.  Each nation can't simultaneously devalue against each other in a currency war because then you accomplish nothing if everyone does it.  Instead of trying to rig gold in place and devalue against each other, they have to let gold float free and then re-integrate it somehow.

If you try to freeze gold in place and just print your way out of it, you get hyperinflation.  If you let gold free float and then let it rise and re-integrate it in some manner, then you might be able to avoid the eventual hyperinflation outcome of printing to avoid deflationary collapse.  It's kind of a situation where the writing is on the wall for the death of these fiat currencies, so they can either transition to gold and silver in a semi-turbulent but non-armageddon manner, or just have a new Dark Ages that comes with Weimar republic, wheelbarrow hyperinflation after they have to print to avoid deflationary collapse.

Of course, the conspiracy is, they might WANT a hard collapse to use as an excuse to usher in some new Jewish slave planation government model and one world currency they've cooked up.  The Jews love to hawk this stuff off to useful idiot Goys in high positions of power pretending they're all on the same team of "high tier big powerful guys", when the team is really just Zionist jews vs everyone else.  The goys in expensive suits are just disposable useful idiots who will be tossed out with the trash.  

All of you moron branch bankers reading this need to turn on the Jews before they turn on you.  When they took over Russia, the first thing they did was holocaust all the goys.  They'll try to put anyone in a high position of power who isn't a member of team Zionist in front of a firing squad after the dollar implodes and you have world chaos, just like Russia all over again.  And that's what will happen even if you willingly act as their useful idiot servant.  Why do you think they're trying to start war with Russia?  Because Russia was the last major victim of the Jews and they refuse to be scammed and murdered again.

I was with you up until the racism.

Wasn't there a planet named Zion??  

Anyway... I have been keeping an eye on everything. And you are right! They actually try to make people very complacent... And they try to buy video games, social medias... anything remotely with a psychological influence that can increase performance and demand for progress or the idea of reaching perfection.

And here Roach... we enter to some fringe sh!t... for example my expertise I deal in some weird sh!t... and one of the things is that in the future people will want to be homogeneous! And the concept seems insane at first... But the alternative would be to destroy all surveillance technology or find ways to make safe zones or dedicated blind spots. People in the future will want to look all the same... have the same height, weight, body features... And the same goes for language and writing patterns... Also fingerprints and iris scans... everything will be blocked... no access to information of one self.

[chesthing]

And the central banks are saying what they're doing isn't enough...that they need to think up some more extreme measures because the market isn't "reacting" the way they'd hoped when they opened the floodgates.

Everybody who is somebody knows there is only 1 option.  The monetary velocity has frozen; the debts are unserviceable; the only way forward is a giant revaluation of gold where all national currencies take a huge haircut in the process.  Each nation can't simultaneously devalue against each other in a currency war because then you accomplish nothing if everyone does it.  Instead of trying to rig gold in place and devalue against each other, they have to let gold float free and then re-integrate it somehow.

If you try to freeze gold in place and just print your way out of it, you get hyperinflation.  If you let gold free float and then let it rise and re-integrate it in some manner, then you might be able to avoid the eventual hyperinflation outcome of printing to avoid deflationary collapse.  It's kind of a situation where the writing is on the wall for the death of these fiat currencies, so they can either transition to gold and silver in a semi-turbulent but non-armageddon manner, or just have a new Dark Ages that comes with Weimar republic, wheelbarrow hyperinflation after they have to print to avoid deflationary collapse.

Of course, the conspiracy is, they might WANT a hard collapse to use as an excuse to usher in some new Jewish slave planation government model and one world currency they've cooked up.  The Jews love to hawk this stuff off to useful idiot Goys in high positions of power pretending they're all on the same team of "high tier big powerful guys", when the team is really just Zionist jews vs everyone else.  The goys in expensive suits are just disposable useful idiots who will be tossed out with the trash.  

All of you moron branch bankers reading this need to turn on the Jews before they turn on you.  When they took over Russia, the first thing they did was holocaust all the goys.  They'll try to put anyone in a high position of power who isn't a member of team Zionist in front of a firing squad after the dollar implodes and you have world chaos, just like Russia all over again.  And that's what will happen even if you willingly act as their useful idiot servant.  Why do you think they're trying to start war with Russia?  Because Russia was the last major victim of the Jews and they refuse to be scammed and murdered again.

I was with you up until the racism.

The whole thing was a horrid rampaging rant until the racism, then it went from bad to farcial. Roach must really be drunk tonight. Roach, I'm not about to disect all this shit you said, but I can tell you for sure that the dollar ain't going to collapse anytime soon, not in our lifetimes for sure.

[savetherainforest]

[...]

[...]

[...]

The whole thing was a horrid rampaging rant until the racism, then it went from bad to farcial. Roach must really be drunk tonight. Roach, I'm not about to disect all this shit you said, but I can tell you for sure that the dollar ain't going to collapse anytime soon, not in our lifetimes for sure.

If by collapse you understand cease to exist... maybe not... But collapse as in you need 4000-5000$ to buy a loaf of bread... yep.. that will happen actually in a few years! .. Venezuela 2.0 in US.

[r0ach]

And the central banks are saying what they're doing isn't enough...that they need to think up some more extreme measures because the market isn't "reacting" the way they'd hoped when they opened the floodgates.

Everybody who is somebody knows there is only 1 option.  The monetary velocity has frozen; the debts are unserviceable; the only way forward is a giant revaluation of gold where all national currencies take a huge haircut in the process.  Each nation can't simultaneously devalue against each other in a currency war because then you accomplish nothing if everyone does it.  Instead of trying to rig gold in place and devalue against each other, they have to let gold float free and then re-integrate it somehow.

If you try to freeze gold in place and just print your way out of it, you get hyperinflation.  If you let gold free float and then let it rise and re-integrate it in some manner, then you might be able to avoid the eventual hyperinflation outcome of printing to avoid deflationary collapse.  It's kind of a situation where the writing is on the wall for the death of these fiat currencies, so they can either transition to gold and silver in a semi-turbulent but non-armageddon manner, or just have a new Dark Ages that comes with Weimar republic, wheelbarrow hyperinflation after they have to print to avoid deflationary collapse.

Of course, the conspiracy is, they might WANT a hard collapse to use as an excuse to usher in some new Jewish slave planation government model and one world currency they've cooked up.  The Jews love to hawk this stuff off to useful idiot Goys in high positions of power pretending they're all on the same team of "high tier big powerful guys", when the team is really just Zionist jews vs everyone else.  The goys in expensive suits are just disposable useful idiots who will be tossed out with the trash.  

All of you moron branch bankers reading this need to turn on the Jews before they turn on you.  When they took over Russia, the first thing they did was holocaust all the goys.  They'll try to put anyone in a high position of power who isn't a member of team Zionist in front of a firing squad after the dollar implodes and you have world chaos, just like Russia all over again.  And that's what will happen even if you willingly act as their useful idiot servant.  Why do you think they're trying to start war with Russia?  Because Russia was the last major victim of the Jews and they refuse to be scammed and murdered again.

I was with you up until the racism.

Stop being a coward.  Nobody says it's "racist" to talk about the Italian mafia.  It just so happens there's a Jewish mafia running the media, political system, and financial system that is more crooked and powerful than the Italian mafia ever dreamed of.  If they fail to police their own kind and don't place all these sith lords like Soros in a dungeon, the world will eventually collecively punish them again.  

It's a Machiavellian issue.  They operate as a hive mind collective, so just tossing one in jail probably does nothing.  You can't beat collectivists without a collectivist solution.  That is why collective punishment was used against them the first time and is likely the only way to fix the problem at all.  If you're happy being a Jew servant and being financially and cognitively raped for your entire existence, then good for you, but not everyone is a beta male servant boy.

http://www.youtube.com/watch?v=CuzpFMWReZw

[chesthing]

[...]

[...]

[...]

The whole thing was a horrid rampaging rant until the racism, then it went from bad to farcial. Roach must really be drunk tonight. Roach, I'm not about to disect all this shit you said, but I can tell you for sure that the dollar ain't going to collapse anytime soon, not in our lifetimes for sure.

If by collapse you understand cease to exist... maybe not... But collapse as in you need 4000-5000$ to buy a loaf of bread... yep.. that will happen actually in a few years! .. Venezuela 2.0 in US.

Not gonna happen, nutball.

[Dafar]

.....

.....

I was with you up until the racism.

Stop being a coward.  Nobody says it's "racist" to talk about the Italian mafia.  It just so happens there's a Jewish mafia running the media, political system, and financial system that is more crooked and powerful than the Italian mafia ever dreamed of.  If they fail to police their own kind and don't place all these sith lords like Soros in a dungeon, the world will eventually collecively punish them again.  

It's a Machiavellian issue.  They operate as a hive mind collective, so just tossing one in jail probably does nothing.  You can't beat collectivists without a collectivist solution.  That is why collective punishment was used against them the first time and is likely the only way to fix the problem at all.  If you're happy being a Jew servant and being financially and cognitively raped for your entire existence, then good for you, but not everyone is a beta male servant boy.

http://www.youtube.com/watch?v=CuzpFMWReZw

r0ach wants another holocaust?

 

[chesthing]

Looks to me like Roach has either gone f'g nuts or he's drunk, let's see if this ranting continues.

[Tzupy]

There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.

[savetherainforest]

[...]

[...]

[...]

The whole thing was a horrid rampaging rant until the racism, then it went from bad to farcial. Roach must really be drunk tonight. Roach, I'm not about to disect all this shit you said, but I can tell you for sure that the dollar ain't going to collapse anytime soon, not in our lifetimes for sure.

If by collapse you understand cease to exist... maybe not... But collapse as in you need 4000-5000$ to buy a loaf of bread... yep.. that will happen actually in a few years! .. Venezuela 2.0 in US.

Not gonna happen, nutball.

I think r0ach has some point... but I think its the fault of specific countries/states ... For example my country has a higher percentage of jews than America... and we get along just fine.. and our countries monetary central bank Governor is a jew... and we know that.. and we don't care. As long as they are productive members of society and add value, we just don't care. And we know we are lied all the time so jews we would just throw them in to the mix with the other corrupt lying politicians. I think we would have more of a Hungarian or Russian problem than anything else... For example the minority Hungarians just refuse to cooperate and be prosperous... I remember my father when I was little passed through one of those hungarian villages... and he wanted to buy a bread, biscuits and something else... And the motherf**king scum b!t#h didn't want to sell cause he was not speaking Hungarian... can you believe that sh!t?.. who on Earth would not accept money!??

Anyway... besides that little story... You do know that America has the most dividends right? America is a bag holder... Also US has the most polluted water sources and soils. If you would try to plant in the GMO soils anything else than GMO ... you will fail miserable for at least half a century! ... For example if you place 2 different species of plants they both on their roots fight for dominance and produce a chemical substance that is supposed to kill the other one! ... Meaning that your soil is infested with many species of chemicals that are toxic for other species of vegetation. Also your water supplies... I've seen recently that in some states they ease regulations for adding more and higher concentrations of cancer producing chemicals... Meaning that they know about the deep underground aquifers have problems with contamination and they need to make the general population to used to/accommodated with a higher intake of toxic material since they will have a shortage problem in the future with the clean water supply.

I say this in advance because I see it... the world as we know it will change in the future.. we have a problem with the global fresh water supply. If we don't figure out a way to implement mass recycling of the water like they do on the space station or something like that... or at least try to repurpose most of the water to other wasteful traditions of our society, so we can salvage what we can from this sh!tshow... Also you know that the US cut down 91% of the virgin forest landmass of America since Columbus in 1500+ ? ... You didn't knew that did you...




Now it stands at _9% ...  


Forest... Yeah.. right...






Bullsh!t... I would call that an ecological disaster. You have "so much" virgin forests left on the East coast. (noted with "Evergreen" on the legend map)


*Edit: ... Yeah... got a bit off-track there.. forgot what was about till later... ... The main conclusion was that the USA in the near future as I don't see any cleaning but more dumping, will be a massive wasteland.

*Edit2: And I see people moving actually right now away from Murica... ... Because they are the ones that know how polluted is your country. And when everyone figures that out, it will be a failure state since it is easier to move to some other place than start cleaning all those toxic, radioactive wastes... I mean why risk getting involved and in harms way when you can just dump and leave. Like in any trading system... just dump and abandon ship.

*Edit3: And the first reaction of the rest of the world will be to stop importing goods with risk of contamination from the US. The money moves where the people and the goods move. The US dollar is a mirage, a hope that once was. And there is a trend of people buying Silver,Gold & Bitcoin... What do you think it will happen when devaluation is out of control... And those billionairs and millions of millionairs figure out they need to get rid of all their money and get in to something with more value?? ... As I said.. Venezuela 2.0!

[Elwar]

I would call that an ecological disaster.

Actually old trees are pretty much done when it comes to soaking up carbon. New trees soak it up quite a bit as they grow. Clearing out old trees and planting new is good for the planet.

[BathSaltsDealer]

There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.

Looks promising

[JayJuanGee]

There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.

Did you hit your head, Tzupy?


You are coming off as a bit more bullish than usual.  

 


Getting anywhere near the $700s would be a nice little treat for us "hanging in there" for the past couple of months, including the early August crash.

[JimboToronto]

Good morning Bitcoinland.

No change... $580 on Bitcoinaverage.

When this thing finally breaks, it should be fun to watch. In the meantime, yawn.

[Searing]

Good morning Bitcoinland.

No change... $580 on Bitcoinaverage.

When this thing finally breaks, it should be fun to watch. In the meantime, yawn.

Bitcoin just loves...I mean loves....SIDEWAYS price action....(btc you merciless bitch! pump already damn it)

[savetherainforest]

I would call that an ecological disaster.

Actually old trees are pretty much done when it comes to soaking up carbon. New trees soak it up quite a bit as they grow. Clearing out old trees and planting new is good for the planet.

You are delusional... I will explain it to you later why... But till then.. look at these assholes taking their trophy kill picture: