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

[pfrtlpfmpf]

do   we   keep   an   eye   on   the   price   movement   chart

we are observe wall

Now, THAT is a beautiful wall, though your english isn`t as beautiful.
I like the brick in the lower left, he`s holding it all together.

Löl. Did you know that '≠`? And that a brick is actually neuter, not male? And that English is spelled with an upper case "E"?
People who live in glass houses shouldn't throw stones...  

You´re german, right ?
Please, don´t embarrass us further !

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[Last of the V8s]

guys?

where the actual fuck is Torque?

it's only been 3-4 days.

you went swanning off for 2 weeks... didn't ring didn't send a postcard

or do you know something?

unless he's got a dead man's switch on his WO posts that send his stash to the burn address in the event he doesn't check in ...?

... and Torque always knew too much anyway, he was so well patched in to the conspiracysphere, if he didn't just 'disappear' it wouldn't be legit.

pretty sure they'll treat him fairly

[Syke]

Hey - who here remembers Goat's Lambo?

Less than four years ago. It's hard to imagine where bitcoin will be in another 4 years.

https://bitcointalk.org/index.php?topic=378936.0

USD 191,000
BTC 216.8

Same priced car can now be bought with about 27 BTC. Or on the flip side, that 216.8 BTC is now worth a cool 1.5 million USD.

This poser thinks he was the first: https://www.youtube.com/watch?v=yY86vH7z9qA

[Ted E. Bare]

Torqueeeee, where art thou?

[JayJuanGee]

big angry font

but, but,  Elliot, Fibonacci, Oort...uhhh...divergence?
 

Check out this big angry font:


Fuck that shit!!

[orpington]

guys?

where the actual fuck is Torque?

it's only been 3-4 days.

you went swanning off for 2 weeks... didn't ring didn't send a postcard

or do you know something?

unless he's got a dead man's switch on his WO posts that send his stash to the burn address in the event he doesn't check in ...?

... and Torque always knew too much anyway, he was so well patched in to the conspiracysphere, if he didn't just 'disappear' it wouldn't be legit.

pretty sure they'll treat him fairly

Probably too much hookers and blow...

[conspirosphere.tk]

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.

[Wekkel]

The 2013 spikes were caused by a Mt Gox bot, it had nothing to do with supply and demand.

Like I care. $25k or no sale.

Back to you, Jim.

[JayJuanGee]

guys?

where the actual fuck is Torque?

I got a PM from him.  He  decided to confide in me, since we get along so well.

He told me that he has been thinking a lot, and mostly coming back to roach with all of his waking thoughts.

Therefore, he decided to go on a gold and silver buying spree.. in other words, he's hanging out with the roachster, and hating the rest of us fucks.   

[JayJuanGee]

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.

Your surely going down the hopium rabbit hole with those speculations.   

[Last of the V8s]

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase? IMO what is happening is just because almost no alts can be bought for fiat, so bitcoin is a forced step both to get in and out of alts. That's why it's pumping for the double effect of fiat inflow and alt dumping.

At some point some alts might well get traction. Just a matter of time.

[Ibian]

https://youtu.be/YIMWLOSRZ_A

whoah nelly. Lloyd Blankfein begins to understand consensus and ... and bitcoin.

I can barely imagine how much cream would've poured out of everyone's knickers if that was posted in any year other than this one.

As it stands, it's a little silly that a completely logical stance is lauded, but that goes to show the calibre of the average detractor.

Just humans in general, really. We feel first, then we rationalize and tell ourselves how logical we are.

[lightfoot]

Hm. Lambos are way cheaper than I thought. Wonder if I can fit in one.

Hm.

[marcus_of_augustus]

you guys really think that this will go on forever? What when the whole US population has a wallet on Coinbase?

most of you guys still don't get it ... the "whole US population" is pretty much broke, even though the US is still near top of per capita wealth globally.

Wealth is incredibly concentrated at the top of the pyramid, arguably more so than at any other time in history. bitcoin doesn't need to go "mainstream" to achieve crazy valuations, capturing just few percents of total wealth, since the mainstream is basically broke. If bitcoin did go mainstream before the top 0.1% went in to bitcoin then that would be the greatest economic revolution and rebalancing of wealth inequality witnessed in history, so I'd be very skeptical that adoption will play out like that. Most likely the wealthy will want to remain wealthy and try to front run the mainstream, as they always do, that means very few "Coinbase users".

There's something like 2,050 billionaires in the world and ~200,000 UHNWI (>$30million). A small percent of these 202,000 people allocating a small percent of wealth to bitcoin is most likely what is happening. That is not to say this relatively small group of people aren't influenced by evidence of millions of people joining Coinbase and other bitcoin sites. But most likely they are chasing gains like everyone else or actually need to use bitcoin to move some funds around the globe frictionlessly, permissionlessly.

[El duderino_]

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)

[niners]

"Coinbase Adds A Record 100,000 Bitcoin Traders In One Day"

zerohedge...its in your bookmarks

[img]

http://www.zerohedge.com/news/2017-11-02/coinbase-adds-record-100000-bitcoin-traders-one-day

Bitcoin is not a bubble ... Bitcoin, it's people.
With real money and that, it's new for all.

Reach 10k$ before the end of 2017.

How can that be??  I am amazed!  100k users in a day?
IN-FUCKING-SANE!

I think it was actually a 48-hour period not 24.
Also, Zerohedge puts out a lot of bullshit and I have never once seen a retraction.
Then there is the word 'trader' being used for every person who signs up. The number of users who ever buy or sell anything is unknown.

Okay so it's not as sensational as it sounds at first but it still is further evidence that exponential growth is happening.

[conspirosphere.tk]

https://i.imgur.com/RfD1GQM.jpg

indeed :-D  But not my case, luckily.
I'm too having fun looking at /biz/ lately.

[Last of the V8s]

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)

easy peezy Daisy Ridley

[LewisPirenne]

Actually most of people on this planet are broke and just worry about daily sustenance.  So even if they knew something about bitcoin, they probably would buy very little, if at all, and had get out as soon as they need the money for something else.  

So even if Mircea Popescu type of elitism is repugnant, he is right in that Bitcoin does NOT give a fook whether it sees widespread use as payment or the masses adopt it.  It's going to go up if enough elites see it as a hedge against central bank experimentalism or as a new method of exerting controls.  As I stated before, I got in in late 2012 mostly as a hyperdeflationary experiment, i.e. I want to see whether we can trigger the first recorded case of hyperdeflation in human history.  

Since bitcoin is highly deflationary by design, it is irrational to spend it when you have fiat alternatives readily available, e.g. Visa/Master/Paypal/Alipay/Debit-card/Fiat-Cash.  If any kind of S curve adoption occurs, then BTC would be hoarded to oblivion.  Gresham's law would tell you that people always want to spend the "bad money", e.g. fiat, before spending "good money" like gold or BTC.  So eventually just as in hyperinflation, people try to spend the toilet paper confetti before it becomes worthless, people would hoard BTC before it becomes even more valuable.  The end game would be the same, they lose their function as a medium of exchange, because one has zero function as storage of value, and the other because it is just too valuable to be spent.  

If one just look at BTC in fiat term, going from sub $1 to $7000+ in 7+ years is pretty hyperdeflationary.  It's even worse if one looks at it in "purchasing power parity" terms, i.e. Laszlo's pizza, 2 pizza for USD$70 million, an increase of at least 7,000,000 times.  Naturally the implication would be that if BTC undergoes hyperdeflation, any charting/wave-theory/fibonacci/TA would be meaningless.  That's like applying TA to Weimar stock market or the IBVC (Venezuela stock index), which is up like 20x in 2017 alone and 50x in 1 year.  

[pfrtlpfmpf]

So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)

easy peezy Daisy Ridley

I´m so thanksful, that i have google