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

[roach_lost]

The only reason any merchant accepts bitcoin is because of services like Bitpay that instantly dump for fiat

Having merchants take bitcoin was retarded anyway. Centralization will always be required for dust. bitcoin is for the ultra nation, not the commoners. Bitcoin as a protocol is for everyone.

[jbreher]

I really want to see one final total panic sell, all the way down to $10,000 in a matter of minutes, all out hysteria, just like the old days.

That would be bracing! I have standing buy orders all the way down to there and further yet.



I've pulled enough fiat out this sucka in the last few weeks to get me through another crypto winter. See ya at the next halving?

'Cause we know it is inevitable that it will hit ATHs again some day. The only question being when.

Well, unless it is killed off by a preference for the other fork, that is.

Your orders are way too close together - especially for someone who is supposedly more experienced and for someone who has built some equity.

Maybe he’s actually a bot?

Actually that is a good point.  A bot could actually reasonably set orders closer together than any real person would want to tolerate.

OTOH, a bot that left a hole at $7500 would be a very funny bot indeed.

It's actually not that time consuming. Just look over at the other monitor from time to time, and enter one order for each executing order.

Although a bot might be handy...

[Rosewater Foundation]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

I understand. But thank you.

[jojo69]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

hold the phone there Tex.

this sphere is finite.  An economy that has to grow to survive is not sustainable.

[alexeft]

An economy that has to grow to survive is not sustainable.

Exactly! And when we find where the limit is, it will be really painful!

[TERA2]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

hold the phone there Tex.

this sphere is finite.  An economy that has to grow to survive is not sustainable.

At that time the creation of fiat can decrease. It's not like it's hardcoded.

[TERA2]

[jojo69]

At that time the creation of fiat can decrease. It's not like it's hardcoded.

The inflation incentivizes immediate consumption resulting in the tsunami of disposable crap we see today.  It is not just that we CAN build a deflationary economy, we HAVE to.

This is one of the main things Bitcoin has the potential to help fix.

[alexeft]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

hold the phone there Tex.

this sphere is finite.  An economy that has to grow to survive is not sustainable.

At that time the creation of fiat can decrease. It's not like it's hardcoded.

It is hardcoded. Fiat is only issued as a loan. Such massive loans require a growing economy so it becomes possible to pay them out (with more loans of course).

Not to mention the legal system. What exactly happens when everything is a loan?

[alexeft]

Falllllliiiiiing!!!! 

[Rosewater Foundation]

At that time the creation of fiat can decrease. It's not like it's hardcoded.

The inflation incentivizes immediate consumption resulting in the tsunami of disposable crap we see today.  It is not just that we CAN build a deflationary economy, we HAVE to.

This is one of the main things Bitcoin has the potential to help fix.

[roach_lost]

Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

hold the phone there Tex.

this sphere is finite.  An economy that has to grow to survive is not sustainable.

At that time the creation of fiat can decrease. It's not like it's hardcoded.

But maximum confiscation requires always increasing the issuance so let's be realistic. The blockchain that you will end up using for all your money will have the same exact properties and the economy will continue on increasing infinitely in perception. In reality, if your group is on the chopping block, you just keep getting less and less for more and more output. If your group is not on the chopping block, the opposite is true.

It's a very complex game and they spend a lot of time making sure the ones that could see it keep on being worried about solving the technical problems that allow the sovereignty of the owners to increase infinitely in perception. In reality they just become so powerful as to eventually never having competition. It's a Brave New World kind of scenario, just no fordism yet.

[Rosewater Foundation]

Our view is that if it is viewed scientifically and rationally (which is psychologically difficult!) that money should have the function of a standard of measurement and thus that it should become comparable to the watt or the hour or a degree of temperature.

…this standard, as a basis for the standardization of the value of the international money unit, would remove the political roles of the “grand pardoners,”…

[jbreher]

Any idea what is driving this selloff and volatility ?

Started tanking right after Adam admitted Blockstream employs an army of full-time paid shills.

https://twitter.com/adam3us/status/943876564856348673

#justsayin'

You seem to think the price is tanking because of a tweet from a person you disagree with?  

Well, no. I merely pointed out the time correlation. I said nothing about causation. What's the problem - reading or logic?

[roach_lost]

At that time the creation of fiat can decrease. It's not like it's hardcoded.

The inflation incentivizes immediate consumption resulting in the tsunami of disposable crap we see today.  It is not just that we CAN build a deflationary economy, we HAVE to.

This is one of the main things Bitcoin has the potential to help fix.

You really see it. Eyes wide open. BTC is the big carrot today for the ones like you indeed. Unfortunately your type will end up being the first in line for purging once they accomplish full blockchain adoption. You can take that to the decentralized-Nash-equilibrium-unregulated-unhackable-deflationary-blockchain-one-of-the-greatest-inventions-in-history-true-freedom-antifragile-personal bank.

[jbreher]

Funny thing is, if we could do atomic swaps between Bitcoin and BCH, there would be no need for anyone to ever hold BCH at all. Just convert from Bitcoin on the fly as needed.

So tell me - do atomic swaps happen on-chain(s)? That might be hard to accommodate when one of the chains is cloggeded.

[jojo69]

your type will end up being the first in line for purging once they accomplish full blockchain adoption.

certainly possible, so enlighten us, oh guru, how do we identify and fight the real masters?

[alexeft]

I would bet that all big blockers around here had 50 Mbps lines when the internet first came out, right? Fuck DARPA with the 300 bps modems!  I want speed NOW! 

[roach_lost]

your type will end up being the first in line for purging once they accomplish full blockchain adoption.

certainly possible, so enlighten us, oh guru, how do we identify and fight the real masters?

You do not.

[JayJuanGee]

It looks like it secretly might want to do one more to somewhere between $8K and $12K. There still wasn't enough volume.

I think you secretly want that to happen, not Bitcoin

Nope I spoke with Bitcoin and it definitely wants to be lower. It doesn't like this cherade of 'wall street' and winklevoss twins and feds and fiat - being another cog in the wheel. Government approval and stock markets were not in the whitepaper. It wants to go back to the underground and then come back up as honey badger.

JayJuanGee is posting so that's definitely going to cause it's value to decrease.

I have been posting in this thread for nearly 4 years.  For almost the first two years of my posting, from about February 2014 until about August 2015 (maybe closer to a year and a half), we were in a bear market and BTC prices largely decreased and then bottomed out during that time. 

For the past about two years and a little bit, we have been in a bull market, which really such bull market began in about August 2015 - even though we were not really confirmed of such bull market until about the end of May 2016, when BTC prices shot past $500, never to return below $500, and really several subsequent confirmations of unsuccessful tests of downward prices and resumption of our lovely dovely and seemingly current bull market,  so overall, BTC prices have been going up since about August 2015, even while I have been regularly posting during such time.

Maybe goes to show that you just make shit up, and try to assert some kind of causation, when at best there could possibly be selective and wishful correlation.. in your nonsense irrelevant talks about race or sex or the supposed superiority of PM investments, and how have those been doing in the past couple of years, in comparison to bitcoin?  Overall, roachie poachie, you are not really adding any meaningful value to our understanding or discussion of bitcoin in this thread and the various price dynamics of BTC, are you?