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

[Elwar]

The fact that the price didn't even pause at $6666 on the way down nor on the way up means that it's the Wall Street folks moving the price.

BTC folks love pricing at 666 for the lolz.

[fabiorem]

The fact that the price didn't even pause at $6666 on the way or on the way up means that it's the Wall Street folks moving the price.

BTC folks love pricing at 666 for the lolz.

It will eventually stop at mining costs. There is a bottom, and is not zero.

[gentlemand]

https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies

senate banking committee

[TERA2]

The fact that the price didn't even pause at $6666 on the way down nor on the way up means that it's the Wall Street folks moving the price.

BTC folks love pricing at 666 for the lolz.

that was China

[TERA2]

I guess the big question is, is this a Jan 17 - class glade?

[Last of the V8s]

https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies

senate banking committee

crapo
a word in the language of creole, spoken by primarily those from the West Indies. Crapo means frog, or small lizard. Can also be used as a calling name.

[flynn]

I guess the big question is, is this a Jan 17 - class glade?

[zazzbg]

I guess the big question is, is this a Jan 17 - class glade?

Sorry, I am a noob. What does glade day mean?

[josephpogi]

HODL 

[Last of the V8s]

'distributed ledger technology' DRINK

[SecondLeoTheSecond]

I guess the big question is, is this a Jan 17 - class glade?

https://i.imgflip.com/241z9c.jpg

Sorry, I am a noob. What does glade day mean?

Don't ask such obvious things.

[m.lov]

I guess the big question is, is this a Jan 17 - class glade?

Sorry, I am a noob. What does glade day mean?

Don't ask such obvious things.

Also I don't know know what it means...

[Last of the V8s]

I guess the big question is, is this a Jan 17 - class glade?

Sorry, I am a noob. What does glade day mean?

Don't ask such obvious things.

Also I don't know know what it means...

IT WAS TALKED ABOUT EARLER IN THE THREAD NOW FUCK OFF

[Wekkel]

I want to see a meaningful bounce above $9500 before thinking this is over.

[jojo69]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.

found the Keynesian fuck

[Nosk]

I want to see a meaningful bounce above $9500 before thinking this is over.

Why not 12k $ ?

[Dakustaking76]

I want to see a meaningful bounce above $9500 before thinking this is over.

100% right

Lets see Where our love Will take us

[zazzbg]

I guess the big question is, is this a Jan 17 - class glade?

Sorry, I am a noob. What does glade day mean?

Don't ask such obvious things.

Also I don't know know what it means...

IT WAS TALKED ABOUT EARLER IN THE THREAD NOW FUCK OFF

Be kind to noobs, otherwise, they may panic and sell everything, thus kill Bitcoin. 

[fragout]

https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies

When Giancarlo started about being a Dad, I thought here we go, we need to protect our kids but to my surprise he said we should encourage them to embrace this new market or words to that effect. So far so good.

[SecondLeoTheSecond]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.

found the Keynesian fuck

The theory isn't that bad. But implementations always lack a mechanism to increase inflation for large posessions. I don't think something like that would practically be possible without full knowledge of who owns what. But if you could achieve such an financial determinism you can enact the tax to end all taxes. Inflation tax. The larger you are the more you have to pay. Would have some serious benefits but you need a unified currency and full knowledge of every bit of wealth there is and where it is. Sounds like crypto to me, but not bitcoin without a serious amount of hardforks. So thats pretty utopian/dystopian, depending on your political vies.