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

[bones261]

I’m on mobile.  What’s a break out ?  11,500?

Keep in mind those TX could be the mother of all dumps too

We are on $11,400. 

Or it could be people moving their BTC to pump up some shitcoin. Hopefully, for my sake, it's Cardano. Yeah, i did take a small chance on it. It was a few days before the B rating came in. Unfortunately, I'm still in the red on it.

[1714819788]

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[1714819788]

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[pacman7331]

I think it's going up for real this time. Or in less than a week at most. Also lightning network should start a buying frenzy...

Lightning network is useless for mass adoption without turning bitcoin into an exact replica of the banking system that already exists, but that's probably their goal.  In the end, bugmen and cucks will get BTFO and silver and gold will win no matter how many jew shills try to push their cashless society slave system.

Can't veto a solution without offering a better one.

[bones261]

I think it's going up for real this time. Or in less than a week at most. Also lightning network should start a buying frenzy...

Lightning network is useless for mass adoption without turning bitcoin into an exact replica of the banking system that already exists, but that's probably their goal.  In the end, bugmen and cucks will get BTFO and silver and gold will win no matter how many jew shills try to push their cashless society slave system.

Can't veto a solution without offering a better one.

His better solution is to buy enough silver to fill an Olympic size pool. Gold would work too.

[TERA2]

lightning isnt going to jeaprodize anyone who still chooses to use native bitcoin, it only affects lightning users, right?

[HairyMaclairy]

lightning isnt going to jeaprodize anyone who still chooses to use native bitcoin, it only affects lightning users, right?

It is strictly optional.  You can completely ignore it if you like.

[HairyMaclairy]

Excitement over.  Everyone go back to bed.

[jojo69]

Can't veto a solution without offering a better one.

dude

just don't

seriously

[flynn]

Excitement over.  Everyone go back to bed.

Wait

Isn't that supposed to be the other way arouse around ?

[HairyMaclairy]

Excitement over.  Everyone go back to bed.

Wait

Isn't that supposed to be the other way arouse around ?

I dunno.  Does the excitement end when you go to bed?

[flynn]

Excitement over.  Everyone go back to bed.

Wait

Isn't that supposed to be the other way arouse around ?

I dunno.  Does the excitement end when you go to bed?

depends with who ...

[realr0ach]

Lightning network is useless for mass adoption without turning bitcoin into an exact replica of the banking system that already exists, but that's probably their goal.  In the end, bugmen and cucks will get BTFO and silver and gold will win no matter how many jew shills try to push their cashless society slave system.

Can't veto a solution without offering a better one.

You have to back up and figure out what the hell you are dealing with first.  The first issue is that a digital currency where transactions are not blinded and transaction validators are designed to centralize is LITERALLY a 1984 slave system.  The same system described by Aaron Russo where you're required to worship the communist govt and do everything they say, and if you don't, they simply refuse to process any of your transactions and your money is essentially turned off/ceases to exist/confiscated.  

Using or building anything on top of such a system is pure idiocy.  This is why people say the existence of physical money is a basic human right in comparison to a "cashless society".  Through the attempt to try and minimize hops and channels constantly open, the Lightning Network will obviously evolve into the typical hub and spoke model like all critics suggest.  Instead of having transaction validators (aka miners) in the normal bitcoin model that can go under, fail, or be replaced, this converts bitcoin into the traditional "too big to fail" banking model where those hub and spokes will be run by people like Goldman Sachs and never be replaced.

As you can see, the evolution of bitcoin is complete dogshit no matter if you use the base protocol or LN.  This is why anyone who supports digital "money" over silver and gold is a complete idiot and the enemy of humanity.  Nothing about this stuff is "money", it's all just a permissioned ledger control grid.

Or easier to read version of this post so you can link to your relatives why bitcoin is garbage:

The r0ach report 38: Anyone who supports digital currency over silver and gold is the enemy of humanity

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-38-anyone-who-supports-digital-currency-over-silver-and-gold-is-the-enemy-of-humanity

[jojo69]

[STT]

Using or building anything on top of such a system is pure idiocy.  This is why people say the existence of physical money is a basic human right in comparison to a "cashless society".  Through the attempt to try and minimize hops and channels constantly open, the Lightning Network will obviously evolve into the typical hub and spoke model like all critics suggest.  

So Cash is King as they say.  So you dont approve of Indias moves in 2017?  Even plain cash can be debased and obviously its happened with dollar.   With physical money involving gold silver copper there was still a problem with failure to maintain a standard measure.    So gold coins or whatever end up having to be a set dimension and a known weight so it can be measured and shown to be true value.    I dont think any system is fool proof or without costs to transact, maybe we need all of them competing fairly against each other for balance.

The common problem is a centralised authority that inevitably becomes corrupt and self biased, thats where the 1% was most likely derived from. Imbalance in itself is a feature of every economy, inefficiencies, failures and fraud even is normal bumps in the road      Only thing I see as positives is distribution and open competition, Bitcoin lacks proper competition somehow.   Distribution now is biased to speculation not common usage?


https://mises.org/library/inflation-and-fall-roman-empire

[rezurect007]

Does anybody know a good Bid/ask sum&spread comparison charts?
Bitcoinity seems too coarse

[starmman]

Hmm... My merit just jumped to 1000 as some other people within the 'potential legendary range' on here  - think that's a bit fairer =)

[realr0ach]

You have to back up and figure out what the hell you are dealing with first.  The first issue is that a digital currency where transactions are not blinded and transaction validators are designed to centralize is LITERALLY a 1984 slave system.  The same system described by Aaron Russo where you're required to worship the communist govt and do everything they say, and if you don't, they simply refuse to process any of your transactions and your money is essentially turned off/ceases to exist/confiscated.  

Using or building anything on top of such a system is pure idiocy.  This is why people say the existence of physical money is a basic human right in comparison to a "cashless society".  Through the attempt to try and minimize hops and channels constantly open, the Lightning Network will obviously evolve into the typical hub and spoke model like all critics suggest.  Instead of having transaction validators (aka miners) in the normal bitcoin model that can go under, fail, or be replaced, this converts bitcoin into the traditional "too big to fail" banking model where those hub and spokes will be run by people like Goldman Sachs and never be replaced.

As you can see, the evolution of bitcoin is complete dogshit no matter if you use the base protocol or LN.  This is why anyone who supports digital "money" over silver and gold is a complete idiot and the enemy of humanity.  Nothing about this stuff is "money", it's all just a permissioned ledger control grid.

With physical money involving gold silver copper there was still a problem with failure to maintain a standard measure.    So gold coins or whatever end up having to be a set dimension and a known weight so it can be measured and shown to be true value.

In the old days, whether it's the Romans or early Americans, the common man had little or no ability to test the purity and weights of metal coins they were using.  They mostly had to rely on the stamp of the king or govt declaring what it was they're holding.  In other words, they weren't even using metals as money at all in most cases, but instead were using fiat in practice.  In the case of the 21st century, you can simply ping a coin while holding it next to the microphone of a phone, and the android app will tell you if the sound wave corresponds to a real .999 silver American eagle or not.  

So, in effect, metals are MORE sound as money in the 21st century than when used in the past because they can easily be verified by everyone now and no longer function as fiat.  Instead of being a "barbarous relic", they actually become MORE useful because verifying them is easier.  For verifying huge 1000 oz govt bars and such, they use things like X-ray machines, but for coins, things like sound wave tests work fine and anyone can do it.

[rezurect007]

Kind of looks like market right now.
<8k & 12-14 k & >18k all at the same sentiment.

[RealMachasm]

One thing that I haven’t fully understood with BTC price fluctuations I am hoping someone might have some theories on.

So the price of BTC against the dollar seems to fluctuate during these climbs and dips by percentages of quite a large magnitude (sometimes greater than 50%!).
Would it be correct to assume that during its earlier periods it would have been easier to manipulate the price due to the fact that
A: fewer players were in the game and would have owned larger amounts of BTC and
B: the dollar price was lower making it easier to buy larger amounts of BTC.?

Now with further distribution of BTC can we not assume that more people have smaller stashes (BLB aside!)?
Shouldn’t this make larger dumps less frequent?
Also large buys are a lot harder since it would require much larger sums of dollars to move the price up?

Yet we still see massive swings in the price. Can someone tell me why/how?

[jojo69]

One thing that I haven’t fully understood with BTC price fluctuations I am hoping someone might have some theories on.

So the price of BTC against the dollar seems to fluctuate during these climbs and dips by percentages of quite a large magnitude (sometimes greater than 50%!).
Would it be correct to assume that during its earlier periods it would have been easier to manipulate the price due to the fact that
A: fewer players were in the game and would have owned larger amounts of BTC and
B: the dollar price was lower making it easier to buy larger amounts of BTC.?

Now with further distribution of BTC can we not assume that more people have smaller stashes (BLB aside!)?
Shouldn’t this make larger dumps less frequent?
Also large buys are a lot harder since it would require much larger sums of dollars to move the price up?

Yet we still see massive swings in the price. Can someone tell me why/how?

I think the price stagnation and low TX activity means that there are no more coins for sale at this price.  The weak hands are gone.  It is just us here now.  Everybody knows it is going back up at some point, the only question is when.

It's like we are in this Mexican standoff with Wall St. and everybody is like...WELL??

[realr0ach]

So the price of BTC against the dollar seems to fluctuate during these climbs and dips by percentages of quite a large magnitude

Your error is that you pretend bitcoin is some type of recognized international reserve asset or unit of account that has any relation to metals or fiats when all it is is a pump and dump with no relation to anything.  It's price is a derivative of the dollar/fiats, but only to the extent of how much money can theoretically pump and dump it at any given time.  For bitcoin to have some type of hard link with metals and fiats, it would require bitcoin to have some type of real world use case, and in that manner it would be forced to track inflation/deflation, but it doesn't, so it's literally just a pump and dump.