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

[bitcoinPsycho]

It's called the truth.

So what now: ethnic cleansing?

The first step was Trump banning more monkeys from flooding in to destroy western civilization.  Next stop is deporting wild monkeys before they screw up anything else.  Step three is going after the (((people))) who were maliciously importing them on purpose to prevent them from ever doing it again.  Step two and three are interchangeable.  What, did you think you could destroy an entire civilization without anybody noticing or figuring out who is doing it?

[realr0ach]

Proof bitcoin has entered not the "dumb money" stage, but the complete idiot stage.  These people who came in during the last pump are unable to coherently speak about any type of subject at all:



HOW in the fuck is this an argument proving digital scams are better than silver or gold?

[AlexGR]

Roach, crypto doesn't need to be "better" than gold or silver. It just needs to be better than fiat.

Dump fiat => buy crypto/silver/gold/real estate/whatever you want.

The idea is to dump the scam fiat...

[Rsiyz]

   REalcroach .. its all true but here are just people who want easy money over crypto world--aKa wall street on stereoids in compare to 80-90 s  .
look what do japan now . usa vasal and debt buyer,totaly destroyed and mobed from usa.. japan have lowest birthrate ,same like in war times. south koreans and taiwan chinese kick  japan  ass 1000times..  japan is death white mouse..  not capable to neew world.. thats why they desperatelly open new exchcange in luxemburg and try spread world with us dollar with cryptos coins .. just look to kodak and other japan firms witch are 0 now. germans are leading in patents for tech and chemistry

https://www.youtube.com/watch?v=Ezbb_0WhuKE

Banker at Davos: Russia is Starting to Take World Lead in Blockchain Technology

https://www.youtube.com/watch?v=FFGo5xgOBeQ&index=3&list=UUAvBcst08Tfo4VNtIaRPTNw

Top Israeli Intel Boss Reveals Russia's Biggest Mistake: Russians Are Too Nice To American Bullies   ... Be careful:  This guy wants war.


--Putin is smart enough to not react to US aggression the way the US wants him to react. The US wants such a reaction in order to justify more aggression and war spending . Meanwhile Putin is building up his strategic and military defense (and attack) plan, and cultivating allies.----

usa is  actually deadly scary of chinese an asean +brics .. thats why Kim win
but other world countries will pay heavy price becose tolerate now usa ..  when usa desperat will start ww3 becouse debt and other problems,, mentally is usa nation 0

[realr0ach]

Roach, crypto doesn't need to be "better" than gold or silver. It just needs to be better than fiat.

You people promoting these digital scams always fail at the macro picture (or just omit it because it's detrimental to your interests).  Just like the market cap of Paypal can only go so high, there comes a point in which bitcoin cannot be pump and dumped higher and anyone holding it only receives massive risk by doing so since they're just going to get sideways movement at best, or some black swan that takes it to zero.  It is at that point that Exter's Pyramid (meaning the assets that remove the most risk) becomes the only factor that's important.

The capital then takes a flight to safety and liquidates all BTC holdings for silver or gold since they can't be black swaned to death like bitcoin can.  There is sound money and unsound money, and any type of monetary instrument that causes everyone and their mother to instantly liquidate it the second they're not having enormous upside potential is pure garbage.  That's basically the very definition of a pump and dump scam.  This is why Exter's Pyramid matters, and the traits of bitcoin (an imaginary object) are objectively terrible in trying to compete with metals as the base of Exter's Pyramid.

[AlexGR]

Roach, crypto doesn't need to be "better" than gold or silver. It just needs to be better than fiat.

You people promoting these digital scams always fail at the macro picture (or just omit it because it's detrimental to your interests).  Just like the market cap of Paypal can only go so high, there comes a point in which bitcoin cannot be pump and dumped higher and anyone holding it only receives massive risk by doing so since they're just going to get sideways movement at best, or some black swan that takes it to zero.  It is at that point that Exter's Pyramid (meaning the assets that remove the most risk) becomes the only factor that's important.

Marketcap is measured in fiat.

Bitcoins are limited by design, while fiat isn't. It is inflated by design because it is issued as debt which has to be repaid with more fiat - which necessitates the issuance of more fiat. Again, and again, and again.

So, over time, you have the fiat emission curve and the bitcoin emission curve, and the fiat curve is ever expanding to cover debts (it is issued as debt, so it can't do otherwise).

When fiat is ever inflating, this means that scarce things, whether it's bitcoin, gold, silver, land, etc etc, will be valued more in fiat terms. This is even more pronounced in weaker fiat, like currencies in s. america, africa, asia, etc.

For example, the gold chart vs ARS is not similar with the USD one... for an Argentinian the gold price didn't peak in 2011, it goes on and on and on...
https://goldprice.org/gold-price-argentina.html
(click on 10-year chart)

Same for plenty of other countries...

So, yes, bitcoin, as well as gold or other scarce things, can keep going up and up and up. Because it's actually the opposite: Fiat is going down and down and down... And as fiat gets devalued, scarcer things need more fiat to be purchased.

[realr0ach]

I reject the premise that bitcoin competes only against fiat.  Bitcoin has to compete against silver and gold.  When the debt bubble implodes and takes down the whole monetary system with it - whether by inflation or deflationary collapse - it's likely only metals will be money again anyway.

[gentlemand]

You little shits have near filled an entire page talking to or about it.

Stop it.

[Spaceman_Spiff_Original]

You little shits have near filled an entire page talking to or about it.

Stop it.

I know right? Stop feeding the troll already.

[realr0ach]

You little shits have near filled an entire page talking to or about it.

Shitlibs are the minority of the political demographic.  You do not get a "safe space" to pretend your delusional cult is normal.  The "it" you refer to known as r0ach sounds just like any normal male from 500bc to the 1950's. It's not you that has evolved by being "progressive".  You have *devolved* into abnormal shit.  And please, spare me the commentary from Jews pretending they aren't Jews.  NJ + NYC are where most google searches for bitcoin originate in the US.  Bitcoin is practically a Yiddish cult.

[mindrust]

Just put him in your ignore list and get on with it. He doesn't deserve an answer.

[cannycassiopeia]

Holy crap! That is a bullish weekly pinbar if it closes like that in 24 hours!

[RejectedBanana]

Holy crap! That is a bullish weekly pinbar if it closes like that in 24 hours!

My sentiments exactly... Nice volume spike... Can't stop staring at the 1 min chart drama playing out.

Bull flag coming to a close? Hope it holds!

Before Chinese New Year even!

[realr0ach]

Holy crap! That is a bullish weekly pinbar if it closes like that in 24 hours!

Do you people really make believe that a cup and handle chart that took over 2 years to make that ended with a blow off top is supposed to immediately just pump to the moon again right after it sells off with no consolidation period? lol.  What is with these pump and dump scammers?  You think the price is supposed to double every week, then sell off 50%, then double again, and repeat to infinity?  If something followed any pattern remotely close to that it would obviously be some type of pump and dump scam or Ponzi (powered by tethers).

[OWZ1337]

Holy crap! That is a bullish weekly pinbar if it closes like that in 24 hours!

My sentiments exactly... Nice volume spike... Can't stop staring at the 1 min chart drama playing out.

Bull flag coming to a close? Hope it holds!

Before Chinese New Year even!

$20,000>>>$30,000>>>$50,000>>>$100,000    WEEEEEEE

https://www.youtube.com/watch?v=FkhUn7nh33Q

[rezurect007]

https://medium.com/@bitfinexed/bitfinex-fails-to-perform-promised-audits-instead-they-have-a-shareholder-tell-everyone-its-all-965ae7037b5d
https://twitter.com/tetherprinter

This is bad.. I was really hoping they'd let an audit happen to prove their books were good.
As each day passes i really think they cooked their books using Tether.
Rather than mandating KYC maybe the govt should mandate audits on the exchanges.

[realr0ach]

$20,000>>>$30,000>>>$50,000>>>$100,000    WEEEEEEE

Here's where you learn there's no such thing as easy money because if bitcoin actually was $100,000, probably every single person holding any would immediately sell everything, which is why it's not going to happen.  Even Shlomo Nakamoto the NSA would be dumping the premine coins on exchange.

[Samarkand]

...  There is sound money and unsound money...

Bitcoin is closer to sound money than Silver.

Just take a look at the following chart (the URL contains "gold", but the chart is actually about silver):
https://www.statista.com/statistics/253293/global-gold-production-since-2005/

Silver mining can easily be increased. Imagine what all these mining companies would do
if the silver price increases substantially. They would simply ramp up their mining operations
and this would increase the available supply, which would drive the prices lower again.

On the other hand you have Bitcoin with a hard-cap on total supply (please don´t repeat
the terrible fork argument again, because these forks have nothing to do with the real Bitcoin
and will have less and less impact in the future) and an issuance rate that is going to go down.
Even if the Bitcoin price would double tomorrow nobody can simply decide to ramp up production,
because the block reward is fixed. It is not only fixed, it is set to decrease in the future
until it eventually asymptotically approaches zero.

I agree that your argument from yesterday that Bitcoins are not truly fungible is justified,
but there are people that work actively on projects that intend to make Bitcoin more fungible.
However, I would argue that this disadvantage compared to Silver, which is easily fungible is
compensated by various other advantages like the fact that large amounts of wealth can
be transported or transacted easier using BTC or that BTC is not subject to a supply response
as I have already explained above.

[OWZ1337]

https://medium.com/@bitfinexed/bitfinex-fails-to-perform-promised-audits-instead-they-have-a-shareholder-tell-everyone-its-all-965ae7037b5d
https://twitter.com/tetherprinter

This is bad.. I was really hoping they'd let an audit happen to prove their books were good.
As each day passes i really think they cooked their books using Tether.
Rather than mandating KYC maybe the govt should mandate audits on the exchanges.

no one cares ...= bitcoin is a distributed peer-to-peer decentralized innovation they can't do that lol

[realr0ach]

Bitcoin is closer to sound money than Silver.

Silver mining can easily be increased.

This deserves the biggest facepalm in history.  Earth is for all intents and purposes a closed ecosystem.  The main difference in BTC and silver/gold mining is that BTC is almost entirely FLASH MINED by some random idiots in China over the span of a couple years.  How is THAT better? LOL.  You people need to stop showing your true colors in that all you're looking for is the best pump and dump scam you can find and you don't actually give a shit about anything else.  Just go create one of those PoW coins where the supply is mined entirely in 3 days.

Also, the real question you need to ask yourself is:  Right now, the cost of production for metals is almost entirely determined by the price of oil denominated in dollars.  But what happens to the cost of production of metals when the price of oil is denominated entirely in gold and silver and dollars are refused as payment?  Hint:  It makes the price a shit ton higher when you're required to spend gold and silver to mine gold and silver instead of printing money for free to steal other countries' resources.