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

[TERA2]

Mine is above 140; Where does that put me?

Autistic.

I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs.

So once again, r0ach can rightly fuck off.

Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project?

Do you troll here just to talk your book, or because you have nothing better to do?

I don't see how your comment is relevant and how my comment could possibly have something to do with trading or my book.  It seems you are stuck in one mode of thinking.  I'm sorry you are having such a tough time with your trades this week.

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[jbreher]

Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project?

Do you troll here just to talk your book, or because you have nothing better to do?

I dunno... seems like a reasonable point to ponder. Why does it appear to you as either book-talkin' or trolling?

[realr0ach]

Let´s assume that your theory is correct for a second. What exactly is the argument why silver will have higher gains than Gold
in this scenario? The industrial usage?

There's numerous reasons:
  
1)  Silver is the most downwardly manipulated commodity on earth using paper derivatives in the concentration of traders in the CFTC COT.

2)  Trading the GSR is an actual thing.

3)  Organizations like The Pilgrims Society which sought to suppress the market cap of silver no longer have any reason to do so.  Nations like India and various Arab states have hoarded tons of gold now while the west is empty of gold, so instead of suppressing silver, these organizations have more incentive to try and suppress gold and pump silver now, otherwise the old world order becomes slaves of...India?  Yea, that's not gonna happen.  Entities like Russia don't really care if they try and pump silver either since Putin has been stacking silver.  Putin is prepared for whatever happens.

4)  The ideal form of money does not have zero intrinsic value, it has the most intrinsic value. Meaning if it was possible, humans would likely be using blocks of pure energy as money like the transformers cartoon.  Since we do not have the ability to store energy like that, some sort of metastable commodity like oil that produces energy would be the next best thing, except for the fact one of the main purposes of real money is to remove counterparty risk, and you simply can't do that using oil as money, not to mention oil performs mediocre or poorly in the other traits required as well.

Since we don't have any viable way to use energy as money while satisfying the traits required of money, a standard physical matter commodity currency is the next best thing because matter is energy anyway.  In the old days, to the dismay of the aristocrats, the amount of economic activity done in silver was always so high, it would constantly creep up on gold.  Since the use cases of silver have vastly increased since those days, while gold has not, if an actual free market occurs, silver will likely rival or defeat gold in market cap.

5)  It's likely JP Morgan rigging the paper market while buying the physical market is just a form of stealth confiscation of metals without going through the route of using an executive order, then the US govt will use this as a last resort to back it's currency after the dollar implodes since the coinage act of 1792 says $1 is supposed to be composed of 371 grains of silver anyway.  Canada also has zero gold, while Mexico has lots of silver.  If you live anywhere in North America, silver will likely be huge in the future, while silver has always been huge in China and India in the past until the western money powers tried to sabotage them with things like the opium wars.

[gembitz]

Mine is above 140; Where does that put me?

Autistic.

I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs.

So once again, r0ach can rightly fuck off.

Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project?

bitcoin came from the occupy wall street movement...!    ~it was to bring clarity to the financial markets...lol

[TERA2]

Mine is above 140; Where does that put me?

Autistic.

I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs.

So once again, r0ach can rightly fuck off.

Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project?

bitcoin came from the occupy wall street movement...!    ~it was to bring clarity to the financial markets...lol

Bitcoin came 3 years before Occupy...

[RewFrew]

Looks like we are going to 7300-7500 maybe, then pullback from there.

Bitcoin price is highly manipulated for weeks now with a lot of low pumps and dumps to get more btc for the big whales then at one moment it gonna skyrock to new ATH.

Yeah we saw that all time with all altcoins.

[nanobtc]

I got a six pack of beer...and it's titty squeezing time

Zappa, "Titties and Beer"!

"man, you can't fool me...you ain't that bad...
I mean you shoulda seen some of the souls i had...
Why there was milhous nixon 'n agnew, too...
'n both of those suckers was worse 'n you..."

[gembitz]

Mine is above 140; Where does that put me?

Autistic.

I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs.

So once again, r0ach can rightly fuck off.

Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project?

bitcoin came from the occupy wall street movement...!    ~it was to bring clarity to the financial markets...lol

Bitcoin came 3 years before Occupy...

satoshi was busy back then lol

[mike4001]

So we are sub 8k soon.

Was everything about 8 and 9k only a bulltrap and we are still in decline?

All the pumps and dumps seem havily manipulated to me.

Bit it seems the whales are profiting the way, holding the price at this level ... how can it ever increase again?

[realr0ach]

So we are sub 8k soon.

... how can it ever increase again?

[Icygreen]

I'm still impressed we're up more than 4x from only 1 year ago and this is considered a low price, Euphoric indeed!

[realr0ach]

I'm still impressed we're up more than 4x from only 1 year ago and this is considered a low price, Euphoric indeed!

[jojo69]

I'm still impressed we're up more than 4x from only 1 year ago and this is considered a low price, Euphoric indeed!

I was positively giddy when it reached this level.

[Icygreen]

I'm still impressed we're up more than 4x from only 1 year ago and this is considered a low price, Euphoric indeed!

So... what you're saying is you prefer doods. Are you having troubles finding doods to bond with?

How about some irony,

 Otto W. was born to a Jewish Goldsmith, studied philosophy, psychology, and language.  His ideas are misogynistic and antisemitic and parts of his rhetoric were used by the Nazi regime (while at the same time denouncing him). Otto killed himself from deep depression at 23 years old.

[moneyForjam]

If price breaks 6.2k, get ready for 5k, then maybe 3k

[Typex]

If price breaks 6.2k, get ready for 5k, then maybe 3k

No way it goes down to 3K without a large bounce.  The RSI has went from 70 to under 40 in the past month.

[Lontonbit]

If price breaks 6.2k, get ready for 5k, then maybe 3k

Yes that’s true but if the price breaks 9k get ready for 20k then maybe 100k and eventually 1 mil

[Totscha]

If price breaks 6.2k, get ready for 5k, then maybe 3k

Ahhhhh, the return of the great man-bear-whale... Good times...

[El duderino_]

[LFC_Bitcoin]

If price breaks 6.2k, get ready for 5k, then maybe 3k

No coiner ^^