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

[jojo69]

A thought for the weekend!!!

We are not talking about the market cap of a company's shares.  
We are talking about the total of a monetary supply!

If bitcoin is successful, the total bitcoin value should be big enough to buy ALL OF THOSE companies on that list and more.

Another thought...

When/if Bitcoin becomes a medium of exchange and companies are valued in an amount of BTC it will also be critically expressed as a percentage of the bitcoin total.

Perhaps Amazon is worth 1.5% of the bitcoin "float" one day.

When your profits can be expressed in a non-inflationary asset the scorecard becomes MUCH more meaningful.  

seems like there is a corollary to Gresham's law in there somewhere



also, thanks for the merits cAPS, I'm glad somebody got that

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[STT]

What happens to your $100k in google stocks when $100k is worth a tank of gas?

In general, stock market cap reflects the value of owning a portion of the underlying company. It consists of customer lists, processes, people in positions, machinery, real estate, furnishings, inventory, raw materials, ...

Accordingly, if we reach a day (not inconceivable) when a tank of gas is $100k, that formerly $100k worth of Google stock is likely to be worth $200m post-inflation bux.

Yah exactly, this isnt a hypothetical.   We're all quite young in terms of knowledge of various economies and monetary systems but it should be very well documented what happens when a cash standard falls apart.   It happened dozens of times even in modern history most recently the Russian rouble replaced prior Ruble at 1,000 to 1.  Everyone gets wiped out, the asset holders are the now famous billionaires hence many citizens resent the concept of 'democracy'   or capitalism.  It rarely occurs in a fair way, probably wont be fair in the West either when chaos ensues

If you want to talk about  silver or gold bugs

well I think it relates strongly.  Crypto is an extremity very far from a normality still now, if you are in crypto you are on the cutting edge of some phenomena dismissed many times over.  What exactly is driving its usage, growth is a part of supply and demand behind order books to exchange pricing?
   Dollar was linked to gold within memory, its not a nonsense reference its an ongoing reference to value.  The Swiss currency till about 2000 had a direct exchangeable link, in theory alot of economies and national exchange systems had a relation to gold or at least trade in real goods.   Now we have an excess of debt and promises to pay a bond with a suppression of rates to that linked to political and military power.    

Its not really a bug to mention such possibles being a strong influence on Bitcoin.   If you purely trade 5 minute bars on a graph then sure its not really relevant but BTC often moves in quite large spikes like a richter graph, it relates to seismic moves not unrelated to dollar and generational changes in the world.   To me this isnt a conspiracy theory, its an under-discussed dynamic in all lives


Alan Greenspan - former FED Chair and fiscal bear on these issues -  https://www.youtube.com/watch?v=qr-gdjTiG2M

Its not an outside opinion, I dont even like gold personally Im not that keen on that kind of thing, I love tech far more.    just those ideas are relevant pretty sure

[Last of the V8s]

oh agumentative. that's ausome

[Hueristic]

Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.

What did polo do?

Enforce KYC/AML rules that anyone with any clue of how the world works could see coming years ago.

Thats not entirely true, in enforcing them they also added a terms and condition that you must accept in which you waive the right to sue them. So in effect they are holding your account hostage unless you agree to waive your rights and I think the word for that is extortion. They also set a 2 week time limit and in a previous email they stated that you would be allowed to withdraw funds if you did not agree to the new terms which they have not honored.

Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.

They'll just lose their customers to decentralized exchanges with this move. They are shooting their own foot. Most people were making trades on those exchanges because they weren't asking any papers, now that's gone, those people will move to somewhere else which doesn't do that shit and Dex's pretty much guarantee this.

I personally went back after they stated we would be able to withdraw during a legacy transaction period because of the margin market. I just get all warm and fuzzy when I can get away with shorting ETH.

Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.

They'll just lose their customers to decentralized exchanges with this move. They are shooting their own foot. Most people were making trades on those exchanges because they weren't asking any papers, now that's gone, those people will move to somewhere else which doesn't do that shit and Dex's pretty much guarantee this.

I'm sure they've done the math and figure the assets they seize will make it worth it.

I have called the Delaware Attorney Generals office and they refereed me to the Delaware investor protection agency which I got redirected to voicemail where I left my contact info to get the ball rolling.

https://bitcointalk.org/index.php?topic=4400856.msg39163811#msg39163811

[JayJuanGee]

Bitcoin is not just about money and tech, it's a cultural shift. Nazis are part of that. Get over it already.

Hahahahahaha... nice one, Ibian.

Trying to assert that Nazi-ism is not only related to bitcoin, but serves some kind of important spot in the whole scheme of bitcoin relevance... 

I remember the good old days when I'd have 5 pages in a row covered with swastikas and Jews roasting in ovens and there would still be 10:1 more complaints about JayJuanGee posts than mine.

Yep... the good ole days.... My have times changed.   

[JayJuanGee]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yeah, because your abstractness transcends into such high levels that no one simple mortal understands your unique brilliance... hahahahahaha.. Go figure?   

[arklan]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yeah, because your abstractness transcends into such high levels that no one simple mortal understands your unique brilliance... hahahahahaha.. Go figure?   

eh, i've encountered such people as well... "how the hell did you do that!?" ...i thought about it for a second or two. recent example was something related to the voyager spacecraft and how they'll likely never actually encounter anything because space is so fucking huge and the golden records on them are, therefore, totally pointless. this was in a comment thread about said records, so it was perfectly topical.

[Last of the V8s]

http://www.businessinsider.com/2-billion-startup-github-could-be-for-sale-microsoft-2018-5?IR=T
this rumbles on

[JayJuanGee]

Swear to God (yes I am a Christian) this is the Wall Observer thread and needs more moderation. If you want to talk about Nazis, holocaust speculation, silver or gold bugs, people of different faiths like Jews and Muslims or tin foil hat controversies there are other forums that will welcome you. I don't post much here anymore because 1) I am busy day trading and 2) over about half the posts here seem to have nothing to do with Bitcoin. It is becoming a bit of a joke and a cesspool frankly. Just a thought.

Your ideal Wall Observer harkens back to the glory days of 2013. Since then, I think the thread has developed its own, unique culture that includes more than TA and wall observation. Though I'd like to see more TA here, actually.

i remember the old wall observer 

very sad it got this bad.

The old WO deleted posts all the goddamn time. This one is better.

I think that the old WO went through phases of moderation intensity, including a pre-closing of the thread period in which Adam's account had been compromised in September 2016, and then forum administrators were having to take a more active approach to moderating the forum (with a more "hands on" approach than what Adam had taken).

It seemed by early 2017, forum administrators, including theymos had gotten a bit much frustrated with the amount of work (and perhaps manpower) to attempt to actually moderate this WO thread that they decided to close the thread.. and then we know what happened after that with the reconsideration to reopen the thread with Infofront as the "by popular demand" new thread "owner." 

So, to me, it seems that Infofront is kind of bringing this thread back to the original Adam vision, and seemingly Infofront is doing a bit more hands off than the thread had been under Adam, too. 

I actually believe that forum administrators took into account various discussion around the reopening of this thread and therefore had decided to experiment with leaving a bit more discretion to Infofront, and to see how that leaving discretion to Infofront works out in terms of numbers of complaints about the thread and/or the amount of time that forum moderators would have to spend overseeing this particular thread...

I actually think that so far the forum's experimentation with Infofront has been working out fairly decently, because whatever level of activity and deleting that Infofront has been employing in the thread has been sufficient to kind of stave off the level of work (or manpower) that forum moderators have had to put into the oversight of this particular thread.

So, in essence, we are kind of lucky to have the level of "freedom" that exists within this thread that seems to have evolved partly from the balance of moderation that Infofront has chosen to employ... which I personally would not mind a few more deleted posts of the racial/hate nature, yet I think that Infofront has considerably stamped out a decent quantity of the shilling and the alt coin pumping and some of that kind of nonsense. 

At the same time, I also understand that we (as WO normies) cannot really see or verify the exact level of deletions that Infofront has been employing, so in the end, we kind of have to trust that he is finding a reasonable level of balance in his chosen level of thread moderation..... and yeah, maybe he can experiment, here and there, but in the end, we seem to have a quite a bit of latitude in these here parts to express differing views about bitcoin and other topics that could somehow stretchingly be conceptualized as "related to" bitcoin.

[JayJuanGee]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yeah, because your abstractness transcends into such high levels that no one simple mortal understands your unique brilliance... hahahahahaha.. Go figure?   

eh, i've encountered such people as well... "how the hell did you do that!?" ...i thought about it for a second or two. recent example was something related to the voyager spacecraft and how they'll likely never actually encounter anything because space is so fucking huge and the golden records on them are, therefore, totally pointless. this was in a comment thread about said records, so it was perfectly topical.

I believe that a considerable part of bitcoin involvement does include a need to sort truths from untruths, and whether we are talking merely about economy and financials or talking about national propaganda, there may be some role in there for bitcoin to help peeps to have a more honest system that has more basis in math, rather than governmental or corporatist (or rich people disproportionately calling the shots) propaganda. 

I find way more probability that the moon landing and some of that crap about men going to the moon to be a lot less likely to be true than the nonsense that is spouted out about the earth being flat, and yeah there is a whole other thread in this forum that spends a considerable amount of time on flat earth nonsensical theories.  But, anyhow with bitcoin, there does seem to come some overall empowerment to the people to be able to attempt to figure out better ways to sort truths from fictions.

By the way, I was busting Anon136's balls over the concept of his self-assertion of abstraction, but on the topic of abstraction, sometimes alt coin pumpers spout out a lot of abstract ideas that sound good, and they use abstraction to bamboosle some folks into their scams... and in that regard, bitcoin does seem to have a bit more concreteness going on in terms of proof of work and network effects that come to support the mere white paper ideas that have little to no actual implementation.

[jojo69]

oooooooh

[BitcoinNewsMagazine]

You must be new here

Not at all. Remember this? Back to trading I am shorting when I see a proper set up.

[sirazimuth]

I remember the good old days when I'd have 5 pages in a row covered with swastikas and Jews roasting in ovens and there would still be 10:1 more complaints about JayJuanGee posts than mine.

absolute fucking bullshit you lying sack of shit

[Toxic2040]

1h


4h


D

#stronghands

[cAPSLOCK]

Everyone has to make their own decisions as to what to spend their time reading, learning, and doing.  For me I do not have much more patience for all the idiotic nonsense spouted and increasingly quoted.  If that is the goal, then I guess it has worked.  

I'll come lurk from time to time though...

[JayJuanGee]

... sometimes alt coin pumpers spout out a lot of abstract ideas that sound good, and they use abstraction to bamboosle some folks into their scams...

Sometimes, posters like to be flamboyantly verbose with their prose, in an attempt to seem more intelligent and sage-like, when in reality, they are doing it to mask crippling insecurities of wanting to be accepted, but that's none of my business...           /s

Very insightful observation.....

[BTCHadzija]

BTC is just pressing up against that trend resistance line and doing nothing...like a virgin trying to get some action

and I don't think it will end well, we might head south very soon to test that 7k and lower territory

You must be new here

Not at all. Remember this? Back to trading I am shorting when I see a proper set up.

that was a good call


don't remember seeing many people posting about good exit points during that run from 10k-20k

[realr0ach]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yes, I encounter that phenomenon every day I post in this thread.

[Anon136]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yes, I encounter that phenomenon every day I post in this thread.

No. The average random person is like some 50 year old lady on one of those scooters at Walmart. She really can not think in terms of anything that isn't a real concrete part of her physical world. That doesn't apply to people in this thread at all. Everyone in this thread is capable of abstract reasoning, even you are much much smarter than the average random person. Your problem is that your arguments are bad. They tend to have an element of truth to them, but they are always grossly overstated and full of strict black and white binaries that don't represent the nuances of real world. Your thinking always lacks nuance roach.

[Ibian]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yes, I encounter that phenomenon every day I post in this thread.

No. The average random person is like some 50 year old lady on one of those scooters at Walmart. She really can not think in terms of anything that isn't a real concrete part of her physical world. That doesn't apply to people in this thread at all. Everyone in this thread is capable of abstract reasoning, even you are much much smarter than the average random person. Your problem is that your arguments are bad. They tend to have an element of truth to them, but they are always grossly overstated and full of strict black and white binaries that don't represent the nuances of real world.

Also, he is a diarrheric asshole.