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

[BlindMayorBitcorn]

Anybody that remembers this sound is too damn old now.

Believe it or not, I have a fax machine right next to me that makes exactly this sound, if I choose to use the handset instead of panel to make an analog dial call. 

I actually think I'd enjoy that. For some reason I find it soothing.

[Torque]

Someone really wants down.

Also, pure comedy gold.

http://www.zerohedge.com/news/2017-09-20/yellen-admits-fed-dependent-stocks-price-levels-when-determining-rate-hikes-inflatio

[bones261]

Anybody that remembers this sound is too damn old now.

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

I also remember downloading porn pics with my 2400 baud modem. Was like a strip tease.   When I upgraded to 14.4K, I thought that I was really flying. A 10 sec video clip only took about 30 minutes.

[Icygreen]

BTFD mode aKtiv8ed!

[BlindMayorBitcorn]

Anybody that remembers this sound is too damn old now.

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

I also remember downloading porn pics with my 2400 baud modem. Was like a strip tease.   When I upgraded to 14.4K, I thought that I was really flying. A 10 sec video clip only took about 30 minutes.

Those were sexy times lol.

[bones261]

Anybody that remembers this sound is too damn old now.

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

I also remember downloading porn pics with my 2400 baud modem. Was like a strip tease.   When I upgraded to 14.4K, I thought that I was really flying. A 10 sec video clip only took about 30 minutes.

Those were sexy times lol.

The AOL chat rooms really helped my sex life. 

[Torque]

BTFD mode aKtiv8ed!

Yeah, I'm smelling a pretty weak attempt at a dump so far. I guess we'll see.

Incidentally The Club did their usual drive by on Gold and Silver today. Managed to get Gold sub 1300, but by the looks of it I don't think it will last long.

There seems to be a longer game at play here. Somethings brewing within the next 6-10 months.

[bones261]

BTFD mode aKtiv8ed!

Yeah, I'm smelling a pretty weak attempt at a dump so far. I guess we'll see.

Incidentally The Club did their usual drive by on Gold and Silver today. Managed to get Gold sub 1300, but by the looks of it I don't think it will last long.

There seems to be a longer game at play here. Somethings brewing within the next 6-10 months.

But I want the BTC back that I sold at 3300 USD. 

[gembitz]

Anybody that remembers this sound is too damn old now.

modemcoin requires small 1/2mb blocks weeee

[Heater]

If only the Average Joes of the world would realize the truth about the inflation they experienced in the past, as well as the heightened level of inflation they will begin to experience in the coming decade, they'd do well to put savings into bitcoin just for that very reason: just to hedge against inflation and protect their purchasing power. The price rising > 5% per year should just be a bonus.

It shouldn't be about "making a quick buck."

But alas, they are too caught up in buying things and making debt payments to be concerned about savings. Just like the govt and the banks want them to be. Forever in debt and on the hamster wheel.

Kids in the west have not experienced runaway inflation. They will freak out when it happens again.
I remember - something I will never forget.

[BlindMayorBitcorn]

Anybody that remembers this sound is too damn old now.

modemcoin requires small 1/2mb blocks weeee

[LewisPirenne]

Anybody that remembers this sound is too damn old now.

https://www.youtube.com/watch?v=gFBLiHpkcOk
I also remember downloading porn pics with my 2400 baud modem. Was like a strip tease.   When I upgraded to 14.4K, I thought that I was really flying. A 10 sec video clip only took about 30 minutes.

Those were sexy times lol.

The AOL chat rooms really helped my sex life. 

I blame AOL for ruining Usenet with their free trial CDs.  

Someone mentioned BTC distribution problem earlier.  I would just note that some of the "Big Whale" addresses might actually be owned by Exchange/Wallet (Servicer Provider).
I notice that Xapo alone appears to have at least 520,000 BTC in its cold wallet.  This is from watching them consolidating those BCH airdrop on the BCH chain.  Of course, they will never reveal this on the BTC chain.  Give that Xapo claims to have 25 million wallet and that Coinbase added 800,000 accounts in August alone, those "Big Whale" addresses could actually represent millions of users.  So BTC distribution problem might not be as bad as it seems.  For what it's worth.

[Icygreen]

BTFD mode aKtiv8ed!

Yeah, I'm smelling a pretty weak attempt at a dump so far. I guess we'll see.

Incidentally The Club did their usual drive by on Gold and Silver today. Managed to get Gold sub 1300, but by the looks of it I don't think it will last long.

There seems to be a longer game at play here. Somethings brewing within the next 6-10 months.

Always brewin' somethin they are but plans have to change when we stand against their moves in increasing numbers.  

[Torque]

So BTC distribution problem might not be as bad as it seems.  For what it's worth.

also

1. At least the top 1% holders were brave early adopters that took great risk and therefore should be rewarded

2. At least the top 1% holders can't just whip up more btc like the Fed and indirectly hand it to themselves

3. The masses will always find themselves at the bottom of wealth distribution because they can't invest and hodl (long term vision vs. short term). The masses are focused on borrow and spend mentality.

4. Bitcoin shares and distributes the wealth WAAAAYYY more than something like a company IPO

[notme]

The push by govt organizations for more immigrants literally everywhere in the world is pretty simple.

Existing citizens are working less (and paying less taxes), and thus having less babies. And that long term trajectory doesn't sit well with the welfare states of the world that are getting deeper and deeper into debt.

Simply put, they desperately need more tax payers coming into the system to not only replace the ones dying off, but to breed new ones. Thus opening up the borders.

Remember, the welfare state is one giant Ponzi scam, that requires ever more scam suckers coming in. When that stops, the whole thing collapses.

The problem of course being that the immigrants turned out to be a net drain on the economy[citation needed], not even counting all the social problems and increases in violent crime and rape. But they always double down on bad ideas.

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

[Torque]

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

A study from the Kellogg School? Heh, they could be just a little biased  

"Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand. In addition to the Kellogg School campuses in Evanston, Chicago, and Miami, the Kellogg School partners with institutions in Asia, Europe, South America, Australia, the Middle East and Canada.

Kellogg students have the opportunity to study abroad in fall or winter of their second year on six continents. The exchange partner schools offer the opportunity to learn about business from a different perspective, experience another culture, and network with students, faculty, and professionals from around the world. The International Exchange Program at the Kellogg School was started in 1980 with a vision to promote a cultural interchange of ideas and provide a greater understanding of cross-cultural trade and business practices. Since that time, more than 1,000 Kellogg School students have participated in the Exchange Program with schools from over 20 countries, including Argentina, Australia, Brazil, Chile, China, Costa Rica, Denmark, France, Germany, Japan, Hong Kong, India, Israel, Italy, Mexico, Scotland, Singapore, South Africa, South Korea, Spain, Switzerland, The Netherlands, Thailand, and U.K."

[Elwar]

So BTC distribution problem might not be as bad as it seems.  For what it's worth.

also

1. At least the top 1% holders were brave early adopters that took great risk and therefore should be rewarded

2. At least the top 1% holders can't just whip up more btc like the Fed and indirectly hand it to themselves

3. The masses will always find themselves at the bottom of wealth distribution because they can't invest and hodl (long term vision vs. short term). The masses are focused on borrow and spend mentality.

4. Bitcoin shares and distributes the wealth WAAAAYYY more than something like a company IPO

People going from average amount of money to a millionaire are more likely to sell off a good chunk of their bitcoins when they become millionaires. No dude making $50k holding 10,000 bitcoins is going to just keep holding those bitcoins when the price hits $100. He'll sell a large amount. Even though today he would be a lot richer. He may keep some, but I think there will be a lot of wealthy early adopters but not so much a dozen or so super-wealthy early adopters like in the oil industry or computer industry.

[notme]

https://insight.kellogg.northwestern.edu/article/economic-impact-of-immigration-in-the-us

Over the long haul, they discovered, the presence of immigrants significantly benefits the economy. Areas with more historical immigration now have higher incomes, lower poverty and unemployment, and greater levels of educational attainment and urbanization.

The magnitude of the results was striking: if a county that experienced no immigration during this period had instead experienced median levels of immigration, residents today would have a 20 percent higher per capita income.

A study from the Kellogg School? Heh, they could be just a little biased  

"Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand. In addition to the Kellogg School campuses in Evanston, Chicago, and Miami, the Kellogg School partners with institutions in Asia, Europe, South America, Australia, the Middle East and Canada.

Kellogg students have the opportunity to study abroad in fall or winter of their second year on six continents. The exchange partner schools offer the opportunity to learn about business from a different perspective, experience another culture, and network with students, faculty, and professionals from around the world. The International Exchange Program at the Kellogg School was started in 1980 with a vision to promote a cultural interchange of ideas and provide a greater understanding of cross-cultural trade and business practices. Since that time, more than 1,000 Kellogg School students have participated in the Exchange Program with schools from over 20 countries, including Argentina, Australia, Brazil, Chile, China, Costa Rica, Denmark, France, Germany, Japan, Hong Kong, India, Israel, Italy, Mexico, Scotland, Singapore, South Africa, South Korea, Spain, Switzerland, The Netherlands, Thailand, and U.K."

So I can't trust any college that has an exchange student program?  

Still waiting for a citation for Ibian's claim that

immigrants turned out to be a net drain on the economy

[Arriemoller]

Who the hell is Milo?

A gay jew on the right who likes to trigger people.

Google Milo Yiannopoulos and you shall find.

[Arriemoller]

What do you mean "Recognition is subjective"? Do you mean that where a westerner see a square someone else sees a circle?

No, but where a westerner sees green, someone might see some kind of blue.

Where a westerner sees "straight, left, right, straight", someone might see different paths depending on the physical orientation of the page when it gets presented to them. All reference axes are relative to an absolute point on their island (a mountain), so they don't have relative words like "left" or "right" ("up" and "down" they do).

Imagine a westerner dealing with IQ tests prepared by someone in one such population.

There is much more cultural background to perception than we are aware of.

I agree on that.
But none of that applies to the pattern recognition used in IQ tests.