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

[BitcoinBunny]

That's it. Crypto's dead.

[HanvanBitcoin]

Well, well, well. I see another lovely correction.

Just what the doctor ordered. We don't need no stinkin' bubbles.

 

That  quick bounce back up though 

[realr0ach]

Kind of hilarious the scammers are trying to pump bitcoin when this news just came out which should be making it crash instead:

http://www.cryptocoinsnews.com/game-over-steam-no-longer-accepts-bitcoin-due-to-high-fees-and-volatility/

What more of a sign do you need that bitcoin fails as a "peer to peer payment system" and only functions as a centralized settlement network like the banker scam networks such as SWIFT that already exist?  And no, Lightning does not solve this issue.  It's not possible to create a decentralized digital currency.  Bitcoin is already centralized and Lightning makes it even more so.

[vroom]

please, someone turn off my internet. I can not get a single thing done

[BTCMILLIONAIRE]

This is all going to end in tears.

Lots of people going to cry over not jumping on the train.

[Torque]

Bitcoin was released right at a time where the bankers knew debt based fiat was going into cascading deflationary collapse since in this fraudulent system debts are considered assets instead of liabilities.  This is why the evil Jew sheklers running the system starting spamming the phrase "helicopter money" and "basic income" as an actual serious proposed solution.  The system either collapses in deflation, or they print and....it collapses anyway, just a few days later from hyperinflation.

If used as a dollar substitute, bitcoin for all intents and purposes IS helicopter money (bitcoin currently is a dollar derivative and not substitute).  So they probably released this bullshit as part of that plan.  It's just that the market was completely cornered due to ASIC manufacturers right after it was released, making distribution terrible, rendering the entire exercise pointless and not "helicopter money" anymore since the so called money only goes to a couple people.  It appears they continued with their pointless plan anyway and tried to raise the bitcoin price.  After this move completely fails to raise money velocity or do anything for the economy, there will be some type of implosion and they will do real helicopter money or basic income into people's bank accounts.

Actually r0ach, Bitcoin wasn't a spawn by the evil jew banksters. Bitcoin was really a conspiracy created by the aliens. Or more specifically, the Scientologists.

You see, L.Ron Hubbard was directly given the Bitcoin blockchain technology by the aliens. He gave it directly to David Miscavige upon his passing. Mr. Miscavige then got together with fellow Scientologists Tom Cruise, John Travolta, Gavin Andresen, and Will Smith and concocted a master plan to release Bitcoin upon the world to take over all worldwide fiat monetary control, before The Great Alien Invasion could begin in earnest.

It wasn't until Leah Remini spoiled their evil plans by breaking free of the Scientology cult and releasing the Bitcoin codebase as open source, and also sending the first workable developer version to Mt. Gox CEO Mark Karpelès.

Then all hell broke loose...

[jojo69]

I will insert my dick in a toaster if BTC touches 15K

most unwise, how is your dick Dotto?

[savetherainforest]

This is all going to end in tears.

Lots of people going to cry over not jumping on the train.

Exactly.

I also see more buying than selling.

This is it I guess. Price will go up, and up, and up! And will not come down. People will work for pennies for them bitcoins.

Seriously now, someone does not want common folk to get inside at a reasonable price. WTF is this??



https://www.youtube.com/watch?v=jPLKXEUm0jE

[metacoin]

It's almost as if Satoshi knew that specialized hardware and data centers would be created to mine bitcoin, told everyone about it, and it wasn't at all a surprise to anyone that this happened.

Bitcoin is decentralized, moreso than any other currency, and right now is best used as a digital store of value. That's a good start. Using it as currency is also possible, but clearly we're going through some growing pains, as the current explosive influx of users and interest was unforeseen.

[HanvanBitcoin]

BTCought the dip

[SecondLeoTheSecond]

This is all going to end in tears.

Lots of people going to cry over not jumping on the train.

Exactly.

I also see more buying than selling.

This is it I guess. Price will go up, and up, and up! And will not come down. People will work for pennies for them bitcoins.

Seriously now, someone does not want common folk to get inside at a reasonable price. WTF is this??



https://www.youtube.com/watch?v=jPLKXEUm0jE

if this price is reasonable we will only know in a couple of years

[kurious]

I will insert my dick in a toaster if BTC touches 15K

most unwise, how is your dick Dotto?

I just tried it.

I did find that it only hurts if you leave it in with the toaster on.  I would advise against that, you're right it is most unwise.

[Syke]

Holy shit wtf coinbase

That's a premium I just can't ignore. Off to +1 their userbase...

[arklan]

I will insert my dick in a toaster if BTC touches 15K

most unwise, how is your dick Dotto?

To be fair, he didn't say he'd turn it on.

Also, the fuck is going on? Coinbase so high, others so low, where's the arbitrage?

[BTCMILLIONAIRE]

This is all going to end in tears.

Lots of people going to cry over not jumping on the train.

Exactly.

I also see more buying than selling.

This is it I guess. Price will go up, and up, and up! And will not come down. People will work for pennies for them bitcoins.

Seriously now, someone does not want common folk to get inside at a reasonable price. WTF is this??



https://www.youtube.com/watch?v=jPLKXEUm0jE

if this price is reasonable we will only know in a couple of years

Or you can do some fundamental analysis and make a conclusion right now.

I will insert my dick in a toaster if BTC touches 15K

most unwise, how is your dick Dotto?

To be fair, he didn't say he'd turn it on.

Also, the fuck is going on? Coinbase so high, others so low, where's the arbitrage?

It can't keep up as per usual.

The forum seems to be overloaded too, or is it just me?

[realr0ach]

and right now is best used as a digital store of value

No, bitcoin is not "a store of value", no more than dogecoin or airline miles are a "store of value".  At the end of the day, the only type of endgame anyone wants from a monetary instrument is to receive a physical good or service for it.  This is why commodity currencies are the only real form of money, because they are not IOUs, and thus have no counterparty risk.  Just like fiat paper, bitcoin is nothing more than a debt instrument or IOU because it cannot actually be used for anything.  You are hoping to trick someone into giving you something of use for your something of no use.  One could even argue bitcoin is worse than fiat since even if the value of paper money goes to zero, you can at least set it on fire to keep yourself warm.

The bitcoin forum is plagued with people who have no understanding of money, and scammers who just flat out lie about what the difference in money and currency is.  Bitcoin is not money.  Although not debt issued like USD, it's just another debt instrument currency.

[AlcoHoDL]

Bitcoin was released right at a time where the bankers knew debt based fiat was going into cascading deflationary collapse since in this fraudulent system debts are considered assets instead of liabilities.  This is why the evil Jew sheklers running the system starting spamming the phrase "helicopter money" and "basic income" as an actual serious proposed solution.  The system either collapses in deflation, or they print and....it collapses anyway, just a few days later from hyperinflation.

If used as a dollar substitute, bitcoin for all intents and purposes IS helicopter money (bitcoin currently is a dollar derivative and not substitute).  So they probably released this bullshit as part of that plan.  It's just that the market was completely cornered due to ASIC manufacturers right after it was released, making distribution terrible, rendering the entire exercise pointless and not "helicopter money" anymore since the so called money only goes to a couple people.  It appears they continued with their pointless plan anyway and tried to raise the bitcoin price.  After this move completely fails to raise money velocity or do anything for the economy, there will be some type of implosion and they will do real helicopter money or basic income into people's bank accounts.

Actually r0ach, Bitcoin wasn't a spawn by the evil jew banksters. Bitcoin was really a conspiracy created by the aliens. Or more specifically, the Scientologists.

You see, L.Ron Hubbard was directly giving the Bitcoin blockchain technology by the aliens. He gave it directly to David Miscavige upon his passing. Mr. Miscavige then got together with fellow Scientologists Tom Cruise, John Travolta, Gavin Andresen, and Will Smith and concocted a master plan to release Bitcoin upon the world to take over all worldwide fiat monetary control, before The Great Alien Invasion could begin in earnest.

It wasn't until Leah Remini spoiled their evil plans by breaking free of the Scientology cult and releasing the Bitcoin codebase as open source, and also sending the first workable developer version to Mt. Gox CEO Mark Karpelès.

Then all hell broke loose...

You know, when we were discussing seasteading, I thought of LRH's Sea Org...

[jojo69]

OK...ok...ok

Just sit still and breathe deeply into the NASA logo barf bag and perhaps you won't have to actually use it.

[SecondLeoTheSecond]

This is all going to end in tears.

Lots of people going to cry over not jumping on the train.

Exactly.

I also see more buying than selling.

This is it I guess. Price will go up, and up, and up! And will not come down. People will work for pennies for them bitcoins.

Seriously now, someone does not want common folk to get inside at a reasonable price. WTF is this??



https://www.youtube.com/watch?v=jPLKXEUm0jE

if this price is reasonable we will only know in a couple of years

Or you can do some fundamental analysis and make a conclusion right now.

Educated guess: Overvalued for the moment. If the hivemind decides to hodl till LN is in a usable state we will stay here and just keep going up.

If you can start paying with tulips, they don't rot, you can't just make more and you can easily give tulips to whomever you want, then why not use tulips?

[valerie_zurich]

Bitcoin now reaching $16k. How far would it go? Come comment on our daily chart segment.

Bitcoin continues to go through the bullish market sentiment as traders in BTC/USD markets keep on the rally with prices breaking through $15000 and now approaching $16k today with prices rising by more than 20% in the last 24 hours amid huge market wide trading volumes.



Chart Source:
https://cryptocoincharts.info/pair/btc/usd/bitstamp/today