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

[yefi]

When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.

Bitcoin isn't a problem you can print your way out of. All it will achieve (or all it has achieved) is to make the believers richer and more resolute.

What they want to do is divert money away into paper claims on bitcoins - but they're going to face difficulty on that front.

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[explorer]

The level of bullishness in this thread is bizarre and concerning since I normally factor in a reverse sentiment indicator.

Really? I see a lot of despair.

Seems like I am the only Bull around here!

GO BITCOIN GO

Obviously this thread is entertainment purposes only...

LOL what was the final clue?

[coptoandau]

All just started! Unfortunately, when you are like a rabbit, you will run away when you meet old wolves. we need a bigger brain. otherwise it will be forever BTCBTCBTC

[lightfoot]

Eh. Bitcoin is still fucked up, hodling. Everyone's got to complain about something, waah waah.

Then again it's much nicer to be stuck at 7k for a few years than $600.

[babanana]

Its a meh day. nothing exciting. It's killing me. Pump or dump come on!

[realr0ach]

Morale will improve until beatings continue.

[cAPSLOCK]

Eh. Bitcoin is still fucked up, hodling. Everyone's got to complain about something, waah waah.

Then again it's much nicer to be stuck at 7k for a few years than $600.

Nice if that was going to happen.  It's not.

[sidhujag]

Potential bump here. Watch for eth and alts to tick for confirmation.

[sidhujag]

Debunking more shitcoiner lies:

Gold will not work. We have already been there. Crypto is the paradaigm shift. All gold has is history.

Wrong answer!  Fiat bills in the US have always been receipts for gold and silver.  Absolutely nothing changed except the govt defaulting in 1971 and issuing non-convertible receipts.  The main reason the receipts become non-convertible isn't because metals don't work as money, it's because:

1)  govt will always overspend due to no accountability then try to confiscate everyone's money no matter what form the money is in

2)  fractional reserve banking usually collapses and then 9/10 people are left holding the bag

Bitcoin does absolutely nothing to solve either of those problems.  If bitcoin actually became the world reserve currency (it never will), very few people would "be their own bankers" just like the current day environment. They would lock up their funds in some type of financial institution in order to put it in a chain of custody for wills for their kids and things like that.  The banks would then create receipts higher than the actual coins they have stored and nothing changes.  The only change you would have is a far less sound settlement system (shitcoins instead of metals).

The real solution is simply using physical metals in native form as the money - gold, silver, and copper.  If you accept IOUs for the money and it gets stolen by the govt or banks, it's your own fault for being an idiot.

Go read szabos post again and again until you get it through your thick head. You sold at $600 enough said. Patience pays off maybe your great grand son can benefit from your gold contracts.. oops they were paper traded and not for delivery

[josephpogi]

please read this :
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

[pacman7331]

whats all those numbers under people names? is this like those social credit scores China does? How long do adults plan to treat other adults like children? UT OH YOU SAID A BAD WORD I'M GONNA TELL MOMMY!!! OH I guess i'm not polite cuz I don't like fags. Tell the government. force him to bake a cake.

[realr0ach]

Go read szabos post again and again until you get it through your thick head.

Amazing how every single word out of Sidhujag's mouth is a lie.  Remember when you claimed gold was going to $800 and then eventually pennies after that when it was $1050 because "the world has no more use for gold now that bitcoin exists" HAHA.  Secondly, nobody really gives a shit what lies come out of the mouth of Ethereum spook Szabo, a Goldman Sachs pump and dump congame from day one.  You might as well be citing the name Jordan Belfort as your appeal to authority after the guy became involved in that Goldman Sachs operation.  

It is not possible to create a decentralized digital currency.  They are all designed to centralize garbage.  One can be forgiven for mistakenly thinking this stuff might be decentralized if you're a noob to the scene, but for people like Szabo and Antonopolous to continuously pump out these lies day after day promoting non-fungible, centralized, permissioned ledgers to help bankers enslave people in a cashless society tracking grid when they know better is pushing it.

[erre]

whats all those numbers under people names? is this like those social credit scores China does? How long do adults plan to treat other adults like children? UT OH YOU SAID A BAD WORD I'M GONNA TELL MOMMY!!! OH I guess i'm not polite cuz I don't like fags. Tell the government. force him to bake a cake.

April's fool i suppose...

[realr0ach]

please read this :
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

Just started reading it but can tell it's 100% bogus already just from the fact he claims a "cartel" is responsible for the price crashing from $20k when the price was COMPLETELY FUCKING PARABOLIC in the biggest pump and dump bubble ever seen in any financial asset in WORLD HISTORY.  Claiming it requires a cartel for the chart to stop going unsustainably parabolic is completely retarded.  In fact, it's 100% the exact opposite.  A single entity controls the bitcoin price on Bitfinex ever since it was $200.  So yes, a cartel was involved...in RAISING THE PRICE...NOT lowering it.

The only possible theory this guy can cling to is from the GATA archives where some govt goons let slip they introduce volatility into commodity metals on purpose to try and scare people out of them, so it would follow they would do the same to bitcoin - attempt to turn it into as wild of a pump and dump as possible to introduce horrific losses to whoever is on the wrong end of the trade.

[pacman7331]

I think what we have is just a slow melt down for the next 200 days... after that maybe our death cross will unwind.

We should all be shorting, bulls are extinct.

[moneyForjam]

I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think...

++

[pacman7331]

I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think...

++

what 4k?

[windjc]

I think what we have is just a slow melt down for the next 200 days... after that maybe our death cross will unwind.

We should all be shorting, bulls are extinct.

While its obvious we are in a bear market, I am pretty sure that this stupid DEATH CROSS is going to TROLL bears hard, since every moron on bitcointalk keeps talking about it like its the holy grail. The market already went down 70%. This death cross is a little late to the party.

Its stuff like this that comes back to haunt traders. They get a little too cocky with moving averages and then - boom - liquidation up the ass.

Something to look forward to in the future.

For EXAMPLE, if you go and look the dreaded "death cross" during the last bear market, it crossed, then the market RALLIED 100% and it uncrossed, and then when it crossed again it was early Sept 2014 and the bottom was reached 6 MONTHS LATER. And then we started a bull market.

So sorry if I am not scared of this big scary "death cross." lol

Basically, if we want to interpret this literally like the dreaded horrible 2014 bear, now that we death crossed we should rally to $14k and go down to $4-5k ten months later and that'll be the bottom. OH NO's, not the "death cross"!

[pacman7331]

We never get rebounds until it panic dumps followed by panic buys.

[Elwar]

So...how can I access my 513 coins?


Bitcointalk wallet?