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

[Torque]

You should considering buying more Bitcoin before doom happens.

Does Bitcoin gain during a credit contraction.   In 2008 it was said Dollar would suffer but its value spiked quite heavily and that'd likely be inverse to Bitcoin then I think.    To see a rise in BTC I think we'd need to see USD index, DXY falling or continuing to fall.    Theres alot of uncertainty if that will happen but lower dollar also means higher oil price, USA does have alot more production now which is good but its also the largest consumer so higher pricing places a further burden on the economy.

Bitcoin might fall some initially along with stocks. But if they fire up massive QE again and go back to ZIRP, Bitcoin will then probably go on the craziest bull run we've seen yet.

[4rt3m]

18 may is Pizza Bitcoin Day, in 2010 laszlo posted an offer to purchase 2 pizzas for 10,000 BTC.

https://bitcointalk.org/index.php?topic=137.0

In memory of this story, Ledger released Pizza Bitcoin Day version of their wallet Ledger Nano S. Limited to 1337. Price is 119 Euro.




Packaging on point.

[4rt3m]

Market fear is increasing  



https://alternative.me/crypto/fear-and-greed-index/

Increasing, as in lower than last week. Right.

You didn't understand how this scale works, right?

[jbreher]

The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game.

Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He ... now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game,

If your second quoted paragraph be true, Torque, that would be cause for hope for the future. But what evidence supports this assertion?

[Torque]

The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game.

Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He ... now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game,

If your second quoted paragraph be true, Torque, that would be cause for hope for the future. But what evidence supports this assertion?

If Average Joe was buying up stocks at retail left and right at this time, then U.S. corporations would have zero need for a huge tax cut/repatriation to massively buy back their own stock shares. But they desperately needed it to kick the can down the road. It's the only thing keeping the stock market propped up right now and it's all fake.
http://www.businessinsider.com/tax-cuts-unintended-effect-on-company-spending-shows-economic-risk-2018-5

They'll keep buying back their own stock shares until one of two things happen:
1. Economy recovers and Average Joe retailer comes roaring back into the stock market (ain't gonna happen)
2. Rising inflation forces the Fed to raise interest rates (definitely going to happen, it's happening now)

They keep trying to bait Average Joe back into the markets, but it ain't working:
http://www.businessinsider.com/stock-market-recommendation-goldman-sachs-says-biggest-worry-overblown-2018-5

[4rt3m]

I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless.

If I wouldn’t have one, I’d definitely wait for 28th May and buy limited edition one. Especially for collection.

[sirazimuth]

"Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, I'm a complete fucking idiot that deserves my fate."  

Or as Dubya would famously put it....
https://www.youtube.com/watch?v=KjmjqlOPd6A    

[sirazimuth]

18 may is Pizza Bitcoin Day, in 2010 laszlo posted an offer to purchase 2 pizzas for 10,000 BTC.

https://bitcointalk.org/index.php?topic=137.0

In memory of this story, Ledger released Pizza Bitcoin Day version of their wallet Ledger Nano S. Limited to 1337. Price is 119 Euro.




Packaging on point.

I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless.

But does it support Bitcoin Pizza?

[Globb0]

Perhaps they should have charged 10,000$ for it though

[4rt3m]

But does it support Bitcoin Pizza?

Watch your joke before someone does a Domino's coin ico.

Don’t give them ideas!

[Traxo]

People who join Mensa are in the 95-105 range.
Just like how if someone opened something called "the big dick club", 3/4ths the people in it would have 4 inch dicks.

@anonymint tells me in private chat that maybe you're referring to their divergent IQ score?
In that case, all could be admitted to Mensa with the requisite minimum convergent IQ of 130 yet still potentially have a divergent IQ below 106,
although this seems highly improbable especially if referring to a group of individuals.


@anonymint asks @r0ach to explain why surreptitious centralization is the antithesis of the next reserve currency?

@Torque, regarding bcash and altcoins in general, @anonymint asks you whether Exter's pyramid should be inverted or do derivatives wag the dog?

[Torque]

A gripping yarn excerpt from the new book, "BAD BLOOD: Secrets and Lies in a Silicon Valley Startup" by John Carreyrou.

https://www.wired.com/story/a-new-look-inside-theranos-dysfunctional-corporate-culture/

That bitch Elizabeth Holmes and her henchman sidekick Balwani need to serve some jail time for their scam.

[OWZ1337]

A gripping yarn excerpt from the new book, "BAD BLOOD: Secrets and Lies in a Silicon Valley Startup" by John Carreyrou.

https://www.wired.com/story/a-new-look-inside-theranos-dysfunctional-corporate-culture/

That bitch Elizabeth Holmes and her henchman sidekick Balwani need to serve some jail time for their scam.

theranos or theymos? lol

[TERA2]

Can we talk about doom and gloom yet?

You should considering buying more Bitcoin before doom happens.

With none of these cycles occuring since the invention of Bitcoin we dont really have an indication of what this chart would do to Bitcoin prices. Some may actually theorize that a crash would occur in speculative investments like Bitcoin. There was a banker irl warning me in 2014 that I had 3 months to dump Bitcoin because he had some secret inside info from conferences with world leaders that a credit alteration was coming that was going to cause the apocalypse and riots and crash all the markets especially Bitcoin. That credit thing never happened but I wonder what would have happened if it did?

[mindrust]

Can we talk about doom and gloom yet?

You should considering buying more Bitcoin before doom happens.

With none of these cycles occuring since the invention of Bitcoin we dont really have an indication of what this chart would do to Bitcoin prices. Some may actually theorize that a crash would occur in speculative investments like Bitcoin. There was a banker irl warning me in 2014 that I had 3 months to dump Bitcoin because he had some secret inside info from conferences with world leaders that a credit alteration was coming that was going to cause the apocalypse and riots and crash all the markets especially Bitcoin. That credit thing never happened but I wonder what would have happened if it did?

USD will make a final moon shot and die.

Bitcoin is the female mantis who'll eat the male mantis after sex. USD will fuck bitcoin (and everything else) for the last time. Stocks, crypto, gold, real estate... everything will just die against the USD and that'll collapse the economy.

Only after that, either gold or btc (btc most likely since gold isnt as mobile) or both will eat the fucking male mantis.

[SonaraBeta]

This must be done before you go to Coinmarketcap https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FDTpjU_7WkAEIjYk.jpg&t=589&c=IfADr-j0CKeI1g

[STT]

Your link got mashed I think, just screencap it to imgur

USD will make a final moon shot and die.

Bitcoin is the female mantis who'll eat the male mantis after sex. USD will fuck bitcoin (and everything else) for the last time. Stocks, crypto, gold, real estate... everything will just die against the USD and that'll collapse the economy.

Only after that, either gold or btc (btc most likely since gold isnt as mobile) or both will eat the fucking male mantis.

USD already did the moon shot in 2008.   The events there were probably significant in the amount it required in order to spike USD in that way.    The demand for USD was massive and it came from across the world, the surprise in market decline was genuine.

Right now would people be as surprised and rushing to buy USD debt.  We already did that, the biggest holder remains Federal reserve from all their QE programs.    Its not just USA either, the ECB is still throwing the dice on the table for its QE gamble.  I'll post some source on that to go over because Im lost how lead ballons float tbh

Jim Grant as mentioned in the Big short, on Euro Junk bonds yielding less then US treasury debt, etc
Very bearish, one of the four horsemen calling a cyclical bear market to bonds which has boomed since early 80's and 15% rates.

https://youtu.be/66UsX-zzVbA?t=2328

Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game,

I dont think the average Joe has money to place in the first place, real wages have fallen in value overall.  The value is coming from his pension scheme and that investment is being done without personal judgement of the beneficiary [how the little guy always loses].
  The largest holder of US treasury debt is recorded as pension funds operated by government at various levels, I think thats correct hence why some think its a safe situation and no sell off or rate spike is possible.

[bluebits]

The next recession is a lock to come, no one knows just when.

All the talk of inflation, store of value, etc is meaningless next to wild price speculation. Recessions kill this sort of speculation and a bitter one would match up well with crypto winter lows somewhere around 19-21.

[4rt3m]

Pizza is a diagram shows how much pizza you have.

[El duderino_]