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

[realr0ach]

...If I have a 1 oz gold or silver coin on my table, I can walk down the street and trade it to someone else for goods or services with no middlemen or 3rd party extortion involved.

r0ach loves to keep spouting this. Over and over. But he refuses to ever explain how he intends to transact with someone overseas in another country with PMs and avoid middlemen or 3rd party transfer fees. Or even go to Walmart, Target, or Starbucks and buy something, anything with it without avoiding the exchange into fiat via 3rd party (and thus another fee). Or... or... the fkn list can go on forever.

So I guess all a PM coin is good for is... transacting with your neighbor down the street? If Apocalypse cometh?

Well r0ach? We're still waiting. Oh I know, you'll just go scurrying back into your little hole for a while without answer the question. Once again. 

Stop pretending that gold and silver used in native coin format haven't been used as money for thousands of years.  There's no fucking reason to convert it to fiat.  Even US law states a dollar is still "371.25 grains of pure silver" and that debts are supposed to be settled in only metals.  

Also, stop pretending bitcoin allows you to do anything that metals don't when 0 problems concerning things like decentralization were solved (because it's not possible to solve).  Bitcoin is an obfuscated centralized system.  Worst case it will be run by one party, best case it would be run by a few corporations countable with one hand.  Such a paradigm has no benefit over existing systems; it's a nothingburger, while metals are orders of magnitude better in all characteristics.

The only thing that can actually survive the test of time originating from anything "blockchain" related are federated chains, and those are the ones govt will use to try and enslave you.  So called "blockchain" will be far more negative than positive for humanity due to decentralization not being solvable, thus all open loop systems going the way of the dinosaur eventually and only federated chains remaining.

[realr0ach]

Any other scheme requires trust that is nothing compared to his argument that miners centralize blockchain

You have made the critical error of pretending that just because a few pumpers kept bitcoin alive after it's initial pump and dump, that this somehow proves the viability of open loop so called "decentralized" systems.  The fact is, it's not decentralized; it's designed to centralize.  The only type of blockchain that is "proven" are federated chains, while to any non-idiot, it's obvious all the others are doomed to go extinct since nobody can solve decentralization (because it's not possible).

This is why I do not support anything blockchain related.  Why the fuck would I shill for the inevitable outcome of only federated chains surviving? Eventually the general public will figure out bitcoin, etherscam, and all the other trashcoins are distributed but not decentralized as well, then it goes up in smoke.

[Paashaas]

Roach why are you doing here if you dislike blockchain?

Zerohedge is where youre belong ore /rbtc.

[realr0ach]

Roach why are you doing here if you dislike blockchain?

Zerohedge is where youre belong ore /rbtc.

Why are you trying to promote a system of which the end evolution can only be federated chains run by govt and corporations to enslave people since it's not possible to solve decentralization of open loop systems?

[conspirosphere.tk]

Why are you trying to promote a system of which the end evolution can only be federated chains run by govt and corporations to enslave people since it's not possible to solve decentralization of open loop systems?

Idk wtf you're talking about, but tell me more about when the jews were out of business b/c gold & silver were money.

[Torque]

Once again, r0ach doesn't answer any questions, just more red herring arguments and ranting hyperbole.

All the hallmarks of a true troll (although he's not very good one).

[Elwar]

...If I have a 1 oz gold or silver coin on my table, I can walk down the street and trade it to someone else for goods or services with no middlemen or 3rd party extortion involved.

You would be better off trying to trade a candy bar for goods or services.

https://www.youtube.com/watch?v=h1zF3ZCirhA

[johndoe784r]

Agreed.

[fabiorem]

Once again, r0ach doesn't answer any questions, just more red herring arguments and ranting hyperbole.

All the hallmarks of a true troll (although he's not very good one).

I don't think he is really a troll. He looks mad with bitcoin. Just look at these walltexts.

Seems that roach runs some business with silver trading, and is losing clients to bitcoin.

[Arriemoller]

I wonder if this is going to shoot back above $4k or not.

Almost.

Thanks for the honesty. You could have tried to put in a plug for Gunbot, but you didn't

You're welcome. I don't really push it onto people who aren't looking for trading software, or at least try not to.
JP Morgan has been buying Bitcoin ever since Dimon declared it a fraud.



Source tweet: https://twitter.com/IamNomad/status/908831764457672709

I might be wrong but that image looks like it's saying that JP Morgan Securities have been bought a lot not that they are buying Bitcoin.

"Mäklarstatistik" means broker statistics, mäklare=broker

So lauda is right?

I think so, but to be honest, it's not all clear to me.

[Arriemoller]

I wonder if this is going to shoot back above $4k or not.

Almost.

Thanks for the honesty. You could have tried to put in a plug for Gunbot, but you didn't

You're welcome. I don't really push it onto people who aren't looking for trading software, or at least try not to.
JP Morgan has been buying Bitcoin ever since Dimon declared it a fraud.



Source tweet: https://twitter.com/IamNomad/status/908831764457672709

Are you sure the image is legit?

Why would they buy so many bitcoins in an obscure Swedish exchange and using their real brand?

Nasdaq is obscure now?

[404Revolution]

JP Morgan clients bought XBT which JP Morgan had to execute as their broker.

JP Morgan itself bought no XBT for themselves that can be proved on that chart.

It's a huge case of altering the truth to promote a narrative.

The fact that their clientele bought in is interesting by itself without the incorrect accusation.

[BlindMayorBitcorn]

JP Morgan clients bought XBT which JP Morgan had to execute as their broker.

JP Morgan itself bought no XBT for themselves that can be proved on that chart.

It's a huge case of altering the truth to promote a narrative.

The fact that their clientele bought in is interesting by itself without the incorrect accusation.

Exchange traded note purchased on behalf of clients wouldn't exactly hit the front page of r/Bitcoin. If you know what I mean.

[Heater]

Bullish
https://www.youtube.com/watch?v=x76K3etyXDc

[Lontonbit]

I heard that roach is actually Peter shitt

[404Revolution]

JP Morgan clients bought XBT which JP Morgan had to execute as their broker.

JP Morgan itself bought no XBT for themselves that can be proved on that chart.

It's a huge case of altering the truth to promote a narrative.

The fact that their clientele bought in is interesting by itself without the incorrect accusation.

Exchange traded note purchased on behalf of clients wouldn't exactly hit the front page of r/Bitcoin. If you know what I mean.

Oh I get it, people like Lauda thrive on lying and propaganda. That'll never change.

[Heater]

I heard that roach is actually Peter shitt

Confirmed- do a search for 'roach gold bitcoin' on you YouTube - guess who we find?

[gembitz]

I heard that roach is actually Peter shitt

Confirmed- do a search for 'roach gold bitcoin' on you YouTube - guess who we find?

lmfao ===> https://www.youtube.com/watch?v=DebXX7naIr8

[Lontonbit]

I heard that roach is actually Peter shitt

Confirmed- do a search for 'roach gold bitcoin' on you YouTube - guess who we find?

lmfao ===> https://www.youtube.com/watch?v=DebXX7naIr8

Lol that's hilarious. He's such an idiot!

[Spaceman_Spiff_Original]

Idk wtf you're talking about, but tell me more about when the jews were out of business b/c gold & silver were money.

Hilarious