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

[realr0ach]

Let's hope this was the last bunch of desparate taxi drivers who bought at 20K and dumping at 13K  

Since cost of production is $3k, and bitcoin doesn't actually have a finite supply in practice, but an infinite supply when transaction fees are recirculated as block reward, the price should therefore always trend towards cost of production if bitcoin was actually a decentralized system since you can just mine it yourself for $3k instead of paying someone else $13k.  In GPU altcoins you notice this effect very fast.  The fact that bitcoin is still this high above cost of production is just a symptom of how extremely cartel centralized it is.

But there's still likely a handful of non-cartel stray miners that will cause the price to implode back down near cost of production, just over a slightly longer period of time.  This of course assumes the entire bitcoin price isn't one giant tether scam where they just print infinite amounts of tethers, eventually imploding in some sort of MtGox^2 *cough*.

[ErisDiscordia]

But give us a good explain

Sometimes the roach can be funny - it's why I haven't put him on ignore after all these years 

[d_eddie]

And, please explain where is dee roachie poachie in all of this?  

What is dee Roachie poachie saying/doing?

He's the guy behind the camera, my dear Watson.

[gentlemand]

Imagine if that 35K BTC whale spamming the network was one of the mining cartels. I'd imagine it might even be profitable. Spend XXX on spam transactions and receive XXXX on high cost transactions. We need an ASIC killer me thinks. Hope lightning will be the one and it is secure.

I don't see how it could be anyone but a miner. Who would be willing to throw away hundreds of millions of dollars without the possibility of reclaiming it or the higher fees from elsewhere it forces?

[Toxic2040]

Imagine if that 35K BTC whale spamming the network was one of the mining cartels. I'd imagine it might even be profitable. Spend XXX on spam transactions and receive XXXX on high cost transactions. We need an ASIC killer me thinks. Hope lightning will be the one and it is secure.

I don't see how it could be anyone but a miner. Who would be willing to throw away hundreds of millions of dollars without the possibility of reclaiming it or the higher fees from elsewhere it forces?

This crossed my mind also. Its the only thing that makes sense.

[julian071]

But give us a good explain

Sometimes the roach can be funny - it's why I haven't put him on ignore after all these years 

Haha you have a particular sense of humor!

I hpoe for r0ach he'll get a good lay one of these days, that might brighten him up for a while.

[sirazimuth]

But give us a good explain

(stupid meme)

That must be a pic of rOaches college Frat house brothers.
They used to bully him a lot for being a fuckwit.
 now he dont like the Jews any more....

...tho I have to admit
I chuckled at the one in back sporting a furry dragster tire....

[Neo_Coin]

[conspirosphere.tk]

https://i.imgur.com/c1czUFG.jpg

we are all crypto-jews now.
Get over it.

[Dakustaking76]

But give us a good explain

And, please explain where is dee roachie poachie in all of this?  

What is dee Roachie poachie saying/doing?

Making dumb, anti-semitic and non-topical points, right?  Or trying to pump some kind of irrelevant and underperforming PM?

Ye Thats what i asking my self

Wtf are you doing here then

Just go away And leave us with our bitcoins And die

[Toxic2040]

 

[Neo_Coin]

[sirazimuth]

 

what took you? lol ...I was thinking same thing

[erre]

Shrodinger's cat, impossible to know if it's bouncing up or down.... maybe both at the same time?

[OWZ1337]

getting sick of these cheesy youtube pump videos 'everyone was talking about bitcoin at the casino today. whats with this bitcoin thing? is it a bubble? well i have 5 cars and bitcoin has risen 10,000,000% and I know these whales and let me tell you what they have to say...'

^embrace the future of money ha

[Torque]

getting sick of these cheesy youtube pump videos 'everyone was talking about bitcoin at the casino today. whats with this bitcoin thing? is it a bubble? well i have 5 cars and bitcoin has risen 10,000,000% and I know these whales and let me tell you what they have to say...'

^embrace the future of money ha

My video of "5 Cryptos That Could Make you Rich in 2018" would be about 5 seconds long, and go something like this:

"Nooooooonne!!!!!!!! Buy Bitcoin you idiots!!"

[OWZ1337]

getting sick of these cheesy youtube pump videos 'everyone was talking about bitcoin at the casino today. whats with this bitcoin thing? is it a bubble? well i have 5 cars and bitcoin has risen 10,000,000% and I know these whales and let me tell you what they have to say...'

^embrace the future of money ha

My video of "5 Cryptos That Could Make you Rich in 2018" would be about 5 seconds long, and go something like this:

"Nooooooonne!!!!!!!! Buy Bitcoin you idiots!!"

me personally 2018 strategy = i'm buying only the lowest dogshitosi based coins i pick the lowest priced coins and go all-in ~%10 each dogshit coin ...this i learned from the youtube pumper crypto-masters you new here?..(stay tuned)   weee

[Last of the V8s]

http://blockchainfor.men/
Do you have a handshake policy?
Handshakes must last no no more than 11 and no less than 7 seconds, 5 of which must include unbroken eye contact. Grip strengths between 4-12 PSI are permitted. Should a conference attendee injure another person during a handshake within the acceptable window of hand contact and grip pressure, the injured party will be ejected from the showroom floor, and be held liable for the winner's expenses for the next 24 hours.

[Deeyoh]

Psst.. it's not Monday. 

[free-bit.co.in]

2018 Crypto Black Monday
https://redd.it/7pxg0d

2018 Cryptocurrency Crash (Elliott Wave)
https://redd.it/7ptsg3

Are you really spaming that meaningless/insignificant chart with no explanation all over the forum and reddit? lol

What a waste of time!