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

[LFC_Bitcoin]

From what I see it recovered over 100$ (close to 140$) in some 7h, at least on Bitstamp.



The funny thing is that this means nothing. A lot can (and will) happen in the next 30 days.

100 USD swings in price are nothing, I don't know why people get excited at such changes.
We will see what happens after August 1st, I'm hoping for a huge break upwards but concerned the opposite might happen. 

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[Ludwig Von]

I fully follow R0ach and Torque in their view. And don 't forget that we will have to see how the new Asian Mom and Pop investors(gamblers) will react. Two years ago they were lured into buying stawks and had a very cold shower for that... . Now they stepped in BTC (at ATH) so I can see something coming from the far east... .

70 percent in gold, 20 in BTC, 10 in cash.

[infofront]

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

[Ludwig Von]

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

Do you hear me make dystopian predictions?  And look, the confusion in BTC universe is also driven by greed... . It 's the nature of the beast, no matter the evironment.

[HI-TEC99]

https://twitter.com/The_K_meister/status/884648706372448256
 Kolin Burges‏ @The_K_meister 5h5 hours ago

Karpeles admits operating Willy bot, now called an "obligation exchange", but says it was for good of company so not illegal #KarpelesTrial

What do we reckon..... 5 years in the clink or a $4000 fine ??  

Nobody is going to prison fuck him   hmmmm unless maybe a sumo...

Before the clink.



After ten months in the clink.



If he does go to the clink even a few years will be tough on his waistline. Look at what a mere ten months did to it (and his jowls).

[Torque]

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

Exactly. But I don't think it'll get that far. You know why? Because the Global elite's ultimate goal is to swamp Average Joe in so much debt and taxes, and increase the cost of living beyond his means, that he won't be able to purchase and horde metals or bitcoin. They won't have to kick any doors in because they know that no one will have any horded wealth to confiscate.

Because when hyperinflation sets in, all undervalued real/true assets will rise in value relative to fiat. And the global elite don't want anyone else to have those kind of assets. They want Average Joe to have debts and taxes, a lot of them, and so much so that it's virtually un-payable in one's lifetime. That's how they keep everyone on the endless work hamster wheel, indebted to them for one's entire life.

They also want Average Joe to lose all ability to take care of himself, lose the ability to rely on himself to produce food, energy, clothing, routine maintenance, maintain his health, etc. so that he is always and constantly reliant on the state and the rest of society to help him live. More debt slavery to the external.

Moral: Eliminate your debts, pay off your house and cars, and store your excess wealth in bitcoin, land, some metals, rare art and collectables. Save and buy everything you need with cash. Never use credit for anything unless you have no other way, and pay it off almost immediately. And have a plan to run to the hills or another country with the majority of your wealth intact, should things get really bad where you live.

[pumpmydump]

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

Or crack your knees with a hammer until you give them your private key

[elite3000]

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

In US at least you can have guns and defend yourself if needed.

[Wexlike]

[yefi]

Or crack your knees with a hammer until you give them your private key

In a revolutionary environment, stockpilers of valuable resources, whether doughy bread or glistening gold, usually end up lynched.

[RayX12]

The crashing dollar is holding Bitcoin up...

https://steemit.com/money/@marketreport/chart-the-us-dollar-s-death-spiral-is-just-getting-started-by-gregory-mannarino

[FractalUniverse]

gee, another shitcoin adding announcement while signing in to bitfinex  thats third in a moth already are they paid for adding these or are they involved in such tokens somehow?
Also bitcoin is listed as second on quotes list after eth. wtf

If he does go to the clink even a few years will be tough on his waistline. Look at what a mere ten months did to it (and his jowls).

MagicalTux is losing weight thanks to healthy japanese diet

[Fatov]

Only 141 vote? come on guys, vote the poll
drop or moon

[JimboToronto]

Good morning Bitcoinland.

I see we've bounced halfway back from yesterday's dips... currently $2366USD (Bitcoinaverage).

I hope everyone got a chance to take advantage of the buying opportunity. I didn't have a lot of spare cash but at least I got a chance to try out my newest, nearest ATM.

For small amounts, the saved travel time and expense more than compensates for the tiny bit of extra fees. I also caught a bit of a break in that regard. Last night. I paid a little over 7%. Today it's back up over 8%.

Seems to change daily. If the buy fee goes up, the sell fee goes down. I guess they're trying to balance their flow of coins just as a bookie adjusts the odds to balance the book.

[ðºÞæ]

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

Or crack your knees with a hammer until you give them your private key

A don't yell from rooftop that have bitcoins
B split it up to different wallets (worst case sacrifice one)
C Bitcoin is easier to hide than gold

[Torque]

Another smart person has used critical thinking and common sense to suss out the ETH/ICO bull run scam:

https://twitter.com/sovereign_ind/status/875876199272247296

Now if we could just get every n00b ETH investor to read that and let it sink in for a moment... they would realize that Bitcoin was the 'sounder money' crypto all along.

[conspirosphere.tk]

Because when hyperinflation sets in, all undervalued real/true assets will rise in value relative to fiat. And the global elite don't want anyone else to have those kind of assets.

Looks like what we have in store first of all is a huge crash, then maybe some depression (during which cash/fiat is king). Only later when people will be so desperate to ask for it (((they))) will come forth with their "solution" -inflation and/or NWO-coin. Just to say that having your cash buffers for the intermediate phase (which may last years) could be a good idea.

[BlindMayorBitcorn]

^ while we're on the subject of r0ach making occasional sense in amongst all the bollox, there's this gem, highlighted by he-who-must-not-be-named

I lost .5 btc shorting eth

Eth is the LEAST aggregate market I've ever seen, which is why I never recommend people to short it.  The price is controlled by one single guy who runs the bots on Bologniex tied to either the Ethereum developers themselves, or some entity like Goldman Sachs.  Ever since Bitcoin started to rise, I watched them absorb something like 5000-10,000 BTC in Eth dumps on Poloniex just trying to prop the price up and prevent it from imploding.

The DOA event caused a dumpocalypse on them forcing them to absorb even more losses.  This single entity that controls the ETh price is underwater as fuck now and probably desperate to rid himself of some of those scamtokens.  I have a feeling the only reason it made it that high of value in the first place is the Eth devs themselves sent a bunch of Eth to Poloniex, then used those coins for collateral to margin long it to the moon while liquidating shoters.  Dan Larimer actually talked about attempting doing that himself once in the past when BTS was in the dumpster but he chickened out.  Him and Vitalik have been speaking a bit these days and maybe he gave Vitalik the idea.

http://btcbase.org/log/2016-06-22#1486944

This post is over a year old. And it sounds like pure fantasy to me. Just saying.

[Karartma1]

We are still in the four digits.
No worries

[Mr Frog]

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000