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

[HairyMaclairy]

Oh yes well have the entirety of the world's assets on a single irreversible ledger. That way when the technology fails or there are cracks or a private key is misplaced, it can create catastrophic failures in the entire world economy. All at once - boom - gone *troll meme in background*.

Side chains my good ratchet kid.    And perhaps we need to allow for a multi chain multiverse, but not the shitcoins of yore, who copy paste code and accidentally hard fork. 

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[Torque]

The crypto FUD is not relegated to just Bitcoin. Look at how the whale manipulators PnD'ed Overstock.com's stock.

https://www.ccn.com/overstock-cancels-secondary-stock-offering-after-share-price-plummets/

But of course, who didn't see that coming.

[Last of the V8s]

By the end of 2017, every last 'investor' on the planet finally saw that Bitcoin and the altcoins are capable of 10x bubbles on the turn of a sixpence.

Such people will come in wave upon wave, each one chancing say 1% of their spare capital on 'blockchain', 'startups', 'the new Bitcoin' or Bitcoin.

The finite supply of bitcoins inherently defeats the long-term bearish posture; its network effect and prime mover status beats all other 'investments'.

Accept no counterfeits or substitutes.

As bubbles come and go and yet the underlying 'price' increases, dollars and yuan will be worth less and less. Worthless.

[TERA2]

I dont know alot of about economics but another thing I'm wondering is why bitcoin value would grow to include stocks and how stocks would be 'on bitcoin' and raising bitcoin's value.  Are stocks 'on usd' somewhere doubling the value of usd? Where is their value represented besides the stocks themselves? If we have stocks and then we have the bitcoin value that has grown to represent stocks, then we now have effectively doubled the representation of these assets so the monetary pool is 2x inflated. Please explain.

[Torque]

The only real benefit to putting company stocks on a blockchain, is that the end Joe investor could lay claim to the actual stock shares. Which is completely impossible to do today.

It would also effectively end creative tactics such as naked shorting, stock leasing (i.e. re-hypothecation of stocks) and 'phantom shares'. And in many cases, the out-and-out fraud of creating new stock shares out of thin air.

But I'm skeptical, because for these very reasons the financial trading establishment won't adopt stock issuance on a blockchain. It would completely end their corruption, and they're not going to stand for that.

It would also have to be open source and transparent in order for Average Joe to have full trust and faith in it. Something else the establishment is not going to allow.

[Ludwig Von]

Stocks on the NYSE are shares in companies that generate fake earnings through massive stock buybacks and other accounting chicanery.

FTFY. Sorry marcus, I couldn't resist.  

Prime example: http://www.businessinsider.com/apple-stock-buyback-program-2018-4

Don 't forget the corporate borrowing for paying very generous dividends... .

[Torque]

Stocks on the NYSE are shares in companies that generate fake earnings through massive stock buybacks and other accounting chicanery.

FTFY. Sorry marcus, I couldn't resist.  

Prime example: http://www.businessinsider.com/apple-stock-buyback-program-2018-4

Don 't forget the corporate borrowing for paying very generous dividends... .

Oh yeah, forgot that. But isn't that coming to an end for them soon?  Oh wait that's right, the tax holiday for repatriation.

[oblox]

The only real benefit to putting company stocks on a blockchain, is that the end Joe investor could lay claim to the actual stock shares. Which is completely impossible to do today.

It would also effectively end creative tactics such as naked shorting, stock leasing (i.e. re-hypothecation of stocks) and 'phantom shares'. And in many cases, the out-and-out fraud of creating new stock shares out of thin air.

But I'm skeptical, because for these very reasons the financial trading establishment won't adopt stock issuance on a blockchain. It would completely end their corruption, and they're not going to stand for that.

Record keepers exist to verify who owns what shares in what company (I'm aware of the irony given an immutable ledger but lets move past that). No one requests stock certificates anymore... phantom shares exist for valuation purposes, they don't actually exist from a trading standpoint but rather exist from a value standpoint to value executive compensation for filing purposes. Traditional stocks will never "exist" on the blockchain in that stockholders will get paid via coin distributions. Settlement is one thing, but nothing else IMHO.

[Last of the V8s]

We really could do with an MP shill here. All these debates were resolved long ago. More rather than less.

[B1tUnl0ck3r]

stupid question: Do you know what the congress (the scammers, who let freedom of speech die, spread toxins everywhere, and loot and loot) plan to do on bitcoin and cryptos? I guess they must have ideas on how to take their shares, what is owned to them? Or are enough rifles pointed at their little heads to keep them calm? as if there were laws, and speech and discussion was possible... fool me once...

[RejectedBanana]

I've been expecting $5000 since...  Well, $5000.  The transition was much too abrupt, and the area just didn't get enough lovin'.
Not that I particularly want to go there, you understand, but it seems that we should.  Just on principle.

Exactly this. We sliced through $5000 like a hot knife through butter and never tested again. Every other psychological barrier we've tested numerous times. I've been waiting for it ever since.

https://mainnet.yalls.org/

... who's gonna be the first to create a pay-per-read "Wall Observer" group on Y'alls? (costs measly $25)

If this doesn't get the flailing newpaper media drooling, I don't know what will. The promise of easy, cheap, fast microtransactions is major game changer for newspapers, gamers, musicians, bloggers, digital artists... basically THIS is the promise that propelled Bitcoin in the early days, starting with two pizzas but somehow ending up with futures markets and gold parity.

With microtransactions, you can lease software applications by the minute, pay only for the streaming content you like, circumvent advertisers; the possibilities are limitless.

With microtransactions, you can effectively vote with your dollars and cents.

Once this goes mainstream, it's THIS that will propel the next bull cycle forward.

All you content providers, get chopping.

[RejectedBanana]

We gotta test 6 before 5 right? Or does the laws of normal space-time-energy no longer apply to bitcoin due to volatility?

 

I'm ready to buy my 6k coins... A weekend sale would be nice.

Where were you on Feb 5?

[conspirosphere.tk]

[Phil_S]

Unexpected green!

[vroom]

edit: I miss carolina...

[Karartma1]

snip

I did but I need at least 1/3 of my slavery wage to live day-to-day until the end of April.
I proposed this https://www.forbes.com/sites/ashikahmed/2018/04/04/what-if-your-employees-want-to-get-paid-in-bitcoin
but the answer was "2017 is over bro!" Buy that shit for yourself they said  

[B1tUnl0ck3r]

edit: I miss carolina...

It's the most beautiful gif I have ever seen. thanks for sharing it.

[infofront]

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth.

Perhaps Bitcoin will recover 15 times faster.

[dxbcoin]

edit: I miss carolina...

Lol bitcoin price today

[B1tUnl0ck3r]

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth.

Perhaps Bitcoin will recover 15 times faster.

it can double or more in one single trade...