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

[bitserve]

Can we at least agree we're all still poor?

Confirmed.

[Torque]

Can we at least agree we're all still poor?

At least they can blow their brains out with ease.

Perhaps that's why the establishment is so eager to make sure they can't hurt themselves. Because once they're done whining on Twitter about their perceived social and moral injustices and snapping YOLO selfies on Instagram, they'll get out in the real world and realize that the $50K in student loans didn't do shit for them in terms of securing a career that will actually pay the bills, much less retirement security.

Then they'll try to kill themselves. But hey, at least not with a gun!

[Elwar]

Can we at least agree we're all still poor?

At least they can blow their brains out with ease.

True, most bridges are just too far out of the way to even bother.

I jumped off a bridge when the price dropped.


It was a foot bridge...2 feet above the water. Got my shoes wet 

[smartcomet]

An interesting take on bitcoin (it could have been posted here, but it is a first time I have seen it):

https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdf

Major points:

1. $4.4-9.9 tril final value for the store of value use, but could rapidly (months) increase to $1.5 tril (which is about $112K or $86k fully diluted). My opinion: he wrote it when btc was at 15-17K, so run up in months to $1.5 tril would be postponed, most likely.

2. An interesting comparison with AMZN, which was $107 in 2000 but was $1600 recently. In between AMZN declined to $5-6.
The author says that if you calculate by dec 2017 AMZN price, it increased "only" by 14% yearly between buying during internet "bubble" peak and Dec 2017. I recalculated to the recent AMZN peak of $1600 and it is rather 16.5% yearly.
However, if you count from 2001 AMZN low of  5.76, you'll get 39.5% yearly return from 2001-2018.
Well , 39.5 is much better than 14-16.5%, but even 16.5% is OK.

I guess my point is that those who bought at $17-20K would be similar to investors who bought AMZN at around $100 in 2000 and those who bought either earlier (up to btc $1000) or later (at the bottom whenever it comes) would be in a similar situation to AMZN buyers at either IPO or in 2001. They would just have to wait maybe a decade or so. The upper target in the article is 260-800K/btc.

Year           US Debt Ceiling (trillion of dollars)
1985    1.95
2018         21

Increase ~600B debt per year
annual global gold production is 3000 tonnes , that is ~130B.
US dollar and gold increase total 730B to international Solvency.

Will BTC replace these dollars by add 600B marketcap every year in the near future( next next halving 2024)?

[JayJuanGee]

Can we at least agree we're all still poor?

Personally speaking, I refuse to agree with you... and perhaps anyone who has been in bitcoin for more than a year, should join into this particular disagreement, because who wudda thunk?


Hoy dia, my bitcoins are worth:

1) about 5.8x more than they were worth one year ago (using $1,200 as a price reference point),
2) about 12x more than they were worth 18 months ago (using $580 as a price reference point),
3) about 15.5x more than they were worth two years ago (using $450 as a price reference point),
and
4) about 28x more than they were worth 30 months ago (using $250 as a price reference point).

Furthermore, I tend to believe that the fundamentals in bitcoin remain strong (even with the problemas of the various alt coins hovering in the parameters).  In any event, there remains a lot of future value and upside BTC price potential (even though in the short term, I am kind of torn in a 50/50 status regarding whether BTC prices are going up or down.. and currently BTC price sentiment seems to be a bit more weighted towards the downside... go figure?..    I am not going to get tricked out of my coins.....   ).

Maybe we should begin to proliferate this thread with "cut your looses, gooses" postings in order to really begin to feel a kind of capitulation that could allow any remaining sellers to sell?  perhaps?

[TERA2]

In 2014 the forum was bragging about how many coins they were going to hodl and there were lots of people with 250 coins or so so I wouldnt say everyone is poor but they might skipping the lambo and getting a GTR or something.

[jbreher]

One simple rule. Make me laugh, get a merit. It's automatic.

* yefi trepans jbreher and wedges an electrode into his amygdala to induce hysteria.

OK! OK! Here's a merit! Quit carving on my skull!

[HairyMaclairy]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

Not all of US Americans are packing heat.

That's because so many of us have to pass through "gun free" zones. Making ourselves vulnerable to mass shooters.

Tahiti is a “gun free” zone.  You aren’t vulnerable to mass shooters in Tahiti.  Because they have gun control.

[jojo69]

Where are all the GENTS/SIR’S/BOSSES off the merit sources to help out the little man, in This context like me 

One simple rule. Make me laugh, get a merit. It's automatic.

*ahem*

two fish are sitting in a tank. one turns to the other and says, "Man, i have no idea how to drive this thing."

How do we know that you are the real arkian?  The latest posts from you (before your posting hiatus) were related to your getting some of your accounts hacked into, so what happened to all of that?  Did your BTC talk account get hacked into, too, and then you are not the real deal?  Did you lose any BTC during the hacking attempts?  what was your reason for your hiatus?  was it because of the hackings or something else?

here, let me shine the bright light in his eyes

who's going to be good cop?

[pacman7331]

This Parkland teen got destroyed in the very first reply to her tweet:

https://twitter.com/delaneytarr/status/980806714743296002/photo/1

John W. Rollins
‏ @johnwrollins
10h10 hours ago
Replying to @delaneytarr

So the 4th Amend is OK, but not the 2nd? When did our Constitution become an a la carte buffet?

Your young people are tired of getting shot.

No thats just employees of George Soros doing their job. (Probably don’t like btc neither)

http://www.foxnews.com/us/2018/03/31/students-at-florida-high-school-stage-walkout-in-support-second-amendment.html

[pacman7331]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

Not all of US Americans are packing heat.

That's because so many of us have to pass through "gun free" zones. Making ourselves vulnerable to mass shooters.

Tahiti is a “gun free” zone.  You aren’t vulnerable to mass shooters in Tahiti.  Because they have gun control.

So is Mexico.   

[JayJuanGee]

Where are all the GENTS/SIR’S/BOSSES off the merit sources to help out the little man, in This context like me  

One simple rule. Make me laugh, get a merit. It's automatic.

*ahem*

two fish are sitting in a tank. one turns to the other and says, "Man, i have no idea how to drive this thing."

How do we know that you are the real arkian?  The latest posts from you (before your posting hiatus) were related to your getting some of your accounts hacked into, so what happened to all of that?  Did your BTC talk account get hacked into, too, and then you are not the real deal?  Did you lose any BTC during the hacking attempts?  what was your reason for your hiatus?  was it because of the hackings or something else?

here, let me shine the bright light in his eyes

who's going to be good cop?

There may be a need for a bigger team on the bad cop side, because lights in the eyes seems a bit wimpy.  

Needles under the fingernails could be a decent starting point with perhaps a little water boarding chaser might be a bit more in the effectiveness direction... hello?  

And, don't recruit Rosewater to help, even though "water" is in his name, because he will likely really screw things up.

[pacman7331]

[HairyMaclairy]

15 minute candle

[cAPSLOCK]

[bones261]

15 minute candle

HMM, I heard a rumor that the OTC market has been rather brisk today. wonder if it is true.

https://twitter.com/CharlieShrem/status/980954140888223750
https://twitter.com/Disruptepreneur/status/980940740564942848

[Elwar]

Your young people are tired of getting shot.

Leave the American alone. It's like arguing about the colour of the sky.

Not all of US Americans are packing heat.

That's because so many of us have to pass through "gun free" zones. Making ourselves vulnerable to mass shooters.

Tahiti is a “gun free” zone.  You aren’t vulnerable to mass shooters in Tahiti.  Because they have gun control.

Definitely vulnerable to violence (as my friend told me when we went to a place where it was only locals..."stick with us just in case").

Fortunately on the seastead I will have my 3D metal printer to print as many guns as I want.

[HairyMaclairy]

Yeah I’ve spent time in Papeete.  If you manage to get in serious trouble there, you are doing something wrong.  It’s not like PNG.  

If you have 100 armed libertarians on your seastead in Tahitian maritime waters, then the greatest threat to your safety will be yourselves. 

[HairyMaclairy]

So is this a bull squeeze as a prelude to a big drop ?  Or is it the real deal?^TM

[DPoS2]

Yeah I’ve spent time in Papeete.  If you manage to get in serious trouble there, you are doing something wrong.  It’s not like PNG.  

If you have 100 armed libertarians on your seastead in Tahitian maritime waters, then the greatest threat to your safety will be yourselves.  

So you care about lives so much but no one protest the oil wars of mass killing.. you just want to take away the rights of citizen to have protection.. how about disarm governments first and then you shall see the peace you dream of