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

[Toxic2040]

edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

This is the most eloquent and amazing summary of the whole "blockchain not Bitcoin" fallacy.

Bravo, well done to Johnathan. He gets it.

+10 WOsMerits to the Author.

+1 WOsmerit to you Torgue for pointing it out..thanks.

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Squirrel gathers corn.

[realr0ach]

Anyone else notice the ESF Jews trying to rig the price of lumber into a bubble in order to prop up the housing bubble by rigging material costs?  That moment when you can't figure out if r0ach is the smartest or dumbest person in the room.

[romani245]

This is some nasty whipsaw action. I got stopped out of my last long. Sitting on the sidelines now. I'm leaning sort of bullish still but I'm not gonna risk getting my stops run again until bulls are more decisive.

[jojo69]

edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

This is the most eloquent and amazing summary of the whole "blockchain not Bitcoin" fallacy.

Bravo, well done to Johnathan. He gets it.

190 proof

the real deal

[RoomBot]

also. with bitcoin, you can't build little stonehenges with it

big minus right there

Carhenge:  http://carhenge.com/

[realr0ach]

Sheeit.

Don't stop buying those shitcoins now, Bob.  Tim Draper needs a new set of golf clubs and John McAfee needs an entirely new life.

[Rosewater Foundation]

Great day for a bull trap. Comedy gold.

[JayJuanGee]

Meanwhile for the really important news:
https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html

Interesting that the bitcoin (or crypto) lambo meme has some foundations in "fake" news.      Saddens me.

[RoomBot]

The addition of 3 new assets on Gemini and being licensed by the New York Department of Financial Services (NYDFS) shows Gemini is making a wider spectrum of crypto available to institutional investors, also they offer custody of the institutions investments which has been a big concern for many.

https://www.forbes.com/sites/michaeldelcastillo/2018/05/14/winklevoss-brothers-bitcoin-exchange-adds-zcash/#54449efc6b98

Today another news article was released in regards to coinbase offering 4 new services that will include a custody service for institutional investors.

https://www.cnbc.com/2018/05/15/coinbase-bets-big-on-institutional-investors.html

I don't think its a coincidence that both of these big name crypto exchanges are pin pointing their target market to attract institutional clients, it really does show that there is interest from big money investors. If ONLY retail money can push BTC to 20k, then what will institutional money do? Does that 45k-100k target seem so unlikely?

We will see what happens for the rest of 2018 but I think we could be in for some fireworks.

DC Blockchain Convo in March was full of Wall Street reps. assuring us that loaded clients cannot WAIT to get into BTC.

I'm sure the Futures fiasco scared off most of them....but only temporarily.

[Rosewater Foundation]

  I think we could be in for some fireworks.

[Torque]

I told you guys over a month ago, ur likely gonna die of complete boredom before Bitcoin major rallies again.

Could literally be like 2020-2021 before it happens.

If we get another rally this year I'd be in complete shock.

In the meantime, here's some light bedtime reading for ya:
https://www.amazon.com/Collusion-Central-Bankers-Rigged-World/dp/1568585624

[Rosewater Foundation]

I told you guys over a month ago, ur likely gonna die of complete boredom before Bitcoin major rallies again.

Could literally be like 2020-2021 before it happens.

If we get another rally this year I'd be in complete shock.

Would have been nice to have been proven wrong tho.

[realr0ach]

Huh. TIL.

Thanks.

I disagree with Alex Jones that Hitler took the guns.  In fact, Hitler gave out guns to the entire country.  He even gave rocket launchers to the boy scouts.

[infofront]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

[xhomerx10]

Meanwhile for the really important news:
https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html

Interesting that the bitcoin (or crypto) lambo meme has some foundations in "fake" news.      Saddens me.

 I believe in this case, marketers simply used an existing trend.  The foundations are based in Bitcoin created wealth rather than "fake news".

[Rosewater Foundation]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

In theory you are a good person. In practice you are a degenerate. That's my final answer.

[jojo69]

I picked the wrong day to quit drinking...again

[realr0ach]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

The question you pose is a completely illogical oxymoron from it's basis.  The entire purpose of shitcoins is supposedly 'decentralization', yet if everyone is forced to use the same token there is no currency competition and you are just shoveled the arbitrary, magic numbers and economic system of Satoshi that may or may not even be functional at all.  For anyone at r0ach level of economic and shitcoin analysis, then you would already know it's not possible to create a decentralized digital currency in the first place, so the entire thing is a farce.  Then you need to leave the realm of craptocurrency and seek things like physical silver and gold as currency competition.

TLDR:  "decentralization" requires currency competition

[bitserve]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

Yes... but you lose part of your soul in the process. Or at least that is how I feel sometimes even if my BTC count keeps slowly increasing.

[realr0ach]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

Yes... but you lose part of your soul in the process. Or at least that is how I feel sometimes even if my BTC count keeps slowly increasing.

Bitcoin is an altcoin of physical silver.