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

[HairyMaclairy]

url for an image

[realr0ach]

your antisemitism and misogyny

muh human nature, muh patriarchy

misogyny (usually uncountable, plural misogynies)

Hatred of, contempt for, or prejudice against women.

Just pointing out you can be a misogynist even if all what you have said were true. It can be true of a whole society as well, perhaps those brainwashed SJW cuckolds do have a point after all when complaining about the patriarchy? Too bad many of them do it in such a retarded way that it almost makes people like you seem legitimate.

Also I still think it's kind of cute that you have decided to think I am a woman  

I don't really make a distinction from male feminists and women. Although the opposite is also true, that there is no point in trying to pretend to be tough and manly because that's just something women want you to do as part of some natural selection process to weed out genes they don't want.  If your behavior is shaped entirely by what the opposite sex (women) want, then you're still a cuckold whether you're trying to white knight for them (shitlib stuff) or pretend to be manly (right wing stuff).  There are multiple paths to cuckoldism.  

[TERA2]

[bitserve]

your antisemitism and misogyny

muh human nature, muh patriarchy

misogyny (usually uncountable, plural misogynies)

Hatred of, contempt for, or prejudice against women.

Just pointing out you can be a misogynist even if all what you have said were true. It can be true of a whole society as well, perhaps those brainwashed SJW cuckolds do have a point after all when complaining about the patriarchy? Too bad many of them do it in such a retarded way that it almost makes people like you seem legitimate.

Also I still think it's kind of cute that you have decided to think I am a woman  

I don't really make a distinction from male feminists and women. Although the opposite is also true, that there is no point in trying to pretend to be tough and manly because that's just something women want you to do as part of some natural selection process to weed out genes they don't want.  If your behavior is shaped entirely by what the opposite sex (women) want, then you're still a cuckold whether you're trying to white knight for them (shitlib stuff) or pretend to be manly (right wing stuff).  There are multiple paths to cuckoldism. 

As you seem to be very well versed in both in Bitcoin and PM's... Any prediction on when the price of one Bitcoin will be equal to 1KG gold bar?

I would say sometime in 2018, but I would like to know a more specific estimate.

[HairyMaclairy]

upload photo to website

[realr0ach]

As you seem to be very well versed in both in Bitcoin and PM's... Any prediction on when the price of one Bitcoin will be equal to 1KG gold bar?

Yea right.  If Roger Ver or Winklevoss attempted to liquidate all their bitcoins and convert it into gold or silver, someone from the BIS would probably drive up in a limo and shoot them in the head.  Bitcoin is already an illiquid/toxic asset for the majority of these big holders.  It would be the ultimate irony though if the jews attempted to create a bitcoin bubble to keep people out of the metals market and then everyone just sold bitcoin for metals.

[ErisDiscordia]

Rant incoming...

Yesterday in the pub BOTH neighboring tables were talking about Bitcoin. It was painful to listen to. At the same time it is fascinating to see how the human mind works when trying to tackle the Bitcoin phenomenon. Most notably, it is uncanny how seemingly all people, even apparently intelligent ones, go through the exact and I mean EXACT same thought processes:

First we learn about Bitcoin and dismiss it as useless. Then we learn about the price action and greed flares up. After a quick calculation on missed profits our ego kicks in and defends us from why we haven't invested: it's a bubble! Yesterday I heard all about tulips in the pub and some English sounding gentleman proudly trotted out his analogy to the South Sea Bubble.

Then comes the first try to understand how and why it works. Failing to do that, we return to counting out the reasons for why it will fail: it isn't backed by anything, governments will ban it, during an internet blackout apocalypse it will be useless, it can be hacked  (all heard yesterday it was like playing BTC noob bingo). Why we would understand the reasons for the failure of a technology we don't understand is beyond me.

Finally the greed gets too big and we want to buy in. But 10K is too much for one Bitcoin! Yes we understand we can buy fractions of a coin, but our ego won't let us. We have to have a whole one! Nevermind there are just 21M to go around. So we start digging around and find altcoins....soooo, hey about that Ethereum or shitcoin xyz? We can afford to buy a whole one of those!

This is when we start pestering that friend who has been in crypto forever with all our greedy questions: should I buy now or should I wait? Will it crash? How much will it crash? Should I buy Litecoin, Zcash, Potcoin, Cardano??? They say that the latest ICO scam or yesterday's private distributed centralized bankster ledger are the new Bitcoin slayers, should I buy those??

Every single pub I've been to recently has Bitcoin talk in it. Taxi drivers, just waiting for my hairdresser...

Perhaps I'm just overdosed on this bullshit but I'm shorting some % of my stack here and if it never revisits these levels I'll just spend that money on something nice. Take that Keynesians and your stupid "paradox of thrift" and muh deflationary currency, nobody will ever spend the economy will crash!! Yes it will crash! And it will be a good and glorious thing, hodlers refusing to spend money on the stupid shit you peddle.

[/rant]

[JayJuanGee]

What Im saying to begin with is that the momentary spot price does not represent adoption. When the price rises 2000% in two months, that doesnt mean that adoption increased 2000% in two months. It is hyperextended by traders beyond a slower rising curve that actually represents adoption.

Dearest Tera Beara  (do you prefer the spelling of "beara" or "bera"?):


Even though I agree with your overall point about price and adoption NOT being the same thing, yet likely you would concede that there may be some delayed correlation between the two - even amongst other factors affecting price, including other networking effects. 

Further, on a nit picky level, I recognize that you are engaging in a hypothetical now, but we have not seen 2,000% in two months for a really long time.. perhaps the last time that happened was in 2013..   2013 had more than 80x overall, and all of 2017 has had around 18x.  Sure 20x in a shorter period of time might be coming, perhaps, but currently, we have about 600% in 4 months.  I am referring to the rise from about $2,600 in mid August to the present $16,000-ish price from yesterday.   

[bitserve]

As you seem to be very well versed in both in Bitcoin and PM's... Any prediction on when the price of one Bitcoin will be equal to 1KG gold bar?

Yea right.  If Roger Ver or Winklevoss attempted to liquidate all their bitcoins and convert it into gold or silver, someone from the BIS would probably drive up in a limo and shoot them in the head.  Bitcoin is already an illiquid/toxic asset for the majority of these big holders.

As is almost any asset for anyone that holds it in such vast quantities. Not different to stocks... you think Bill Gates/Warren Buffet could liquidate all of his stocks? Not easily... and of course not by dumping it all in the stock exchanges. Probably the same for BIG gold holders. So what's the difference here?

OTH, they can do some interesting OTC trades between BIG holders of different assets. And that's exactly what they do when they do want to diversify.

But what that has to do with the prediction?

[ErisDiscordia]

...There are multiple paths to cuckoldism.  

And here I thought the single path to cuckoldism was to have your professedly monogamous female partner engage in sexual activities with another male without your knowledge! In other words, breaking your ownership contract on her body.

But that is fake news, the word cuckold has been redefined, like so many others.

Don't you want to use that r/K-selection stuff Ibian is so fond of instead? It's really gaining popularity nowadays, you can be an early adopter!

Or perhaps you feel more at home in something more traditional and conservative, like beta-male?

You may also get a bit more poetic and creative and use words like pussywhipped, henpecked, cocksmacked, manchecked, emasculated pathetic cringing little milksop. The possibilities are endless, why limit yourself?

[jojo69]

There is a higher low.

Now let's make a higher high.




And ffs Eris, stop quoting him, it is beneath you.

[realr0ach]

OTH, they can do some interesting OTC trades between BIG holders of different assets. And that's exactly what they do when they do want to diversify.

I don't think so.  If somebody owned say, CAT the construction equipment company, just vast amounts of physical hardware, buildings, and equipment, the last thing they're going to want for all those real world goods is...some imaginary tokens.  Maybe they can trade 200,000 imaginary bitcoins for some imaginary Wall Street company like Facebook, though.

[bitserve]

OTH, they can do some interesting OTC trades between BIG holders of different assets. And that's exactly what they do when they do want to diversify.

I don't think so.  If somebody owned say, CAT the construction equipment company, just vast amounts of physical hardware, buildings, and equipment, the last thing they're going to want for all those real world goods is...some imaginary tokens.  Maybe they can trade 200,000 imaginary bitcoins for some imaginary Wall Street company like Facebook, though.

That's your opinion. I am sure there has been trades like those. We (or me) just don't know for sure on the specific ones.

What we know is that people like Richard Branson own significant quantities of BTC. Did they pay in cash or did they traded some other asset? And, any way they did, what's relevant is that they could have just swapped stocks they own in vast quantity with someone that owns BTC in vasts quantities.... "Liquidity problem" solved for big holders.

[ErisDiscordia]

There is a higher low.

Now let's make a higher high.




And ffs Eris, stop quoting him, it is beneath you.

Yeah sorry about that I got a bit carried away, discord and all that.

On with the regular show!

[Arriemoller]

So who is considered an early adopter these days? Is it still people who bought in 2010, or is it now people who bought in 2012 or 2013? And dont give me that bull answer of we're all still early adopters.

 Textbook answer:

Early Adopters (13.5%) – This is the second fastest category of individuals who adopt an innovation. These individuals have the highest degree of opinion leadership among the other adopter categories. Early adopters are typically younger in age, have a higher social status, have more financial lucidity, advanced education, and are more socially forward than late adopters. More discrete in adoption choices than innovators. Realize judicious choice of adoption will help them maintain central communication position

~Rogers 1962 5th ed, p. 283

 literally

 

So it's not until full adoption that we can say who the early adopters were.

[bitserve]

So who is considered an early adopter these days? Is it still people who bought in 2010, or is it now people who bought in 2012 or 2013? And dont give me that bull answer of we're all still early adopters.

 Textbook answer:

Early Adopters (13.5%) – This is the second fastest category of individuals who adopt an innovation. These individuals have the highest degree of opinion leadership among the other adopter categories. Early adopters are typically younger in age, have a higher social status, have more financial lucidity, advanced education, and are more socially forward than late adopters. More discrete in adoption choices than innovators. Realize judicious choice of adoption will help them maintain central communication position

~Rogers 1962 5th ed, p. 283

 literally

 

So it's not until full adoption that we can say who the early adopters were.

Sorta. But a technology/product can have an early estimation on what would be full adoption. For some it is the entire population, for other more "niche" technologies/products it is way lower.
We could consider, at this stage, that Bitcoin full adoption would be the equivalent as:

a) Paypal users
b) Credit cards users
c) Bank account users
d) FIAT users

Just chose any of those depending on how conservative/agressive you are on your target of full adoption and recalculate with current number of adopters to see where we are.

P.S.: It is interesting to note that not even "Fiat users" equals to total world population. Maybe two thirds?

[AlcoHoDL]

Bitcoin is holding nicely, amidst a few dips. I like it! Looks like we've conquered the 10k € level and are marching ahead.

Also, Litecoin is getting lots of love lately. I have some, so I'm happy too.

Go BTC go!
Go Ł go!

[jbreher]

Haha - It's my cousin - Falling Bear. I didn't know he'd taken up snowboarding. But he did live in Eldora for a season. Musta picked it up there.

[Searing]

https://tulipmining.com/


Go Full Tulip!

[Wekkel]

https://tulipmining.com/


Go Full Tulip!

From that site:

We may mine tulips, but we can't accept tulips for payment because they're too slow and expensive to move. We only accept the p2p decentralized currency Bitcoin Cash.