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

[jbreher]

If not, we can always find kiddie pics on your pc's, whether they were originally there or not.

It's one thing to come here to gloat and make veiled threats to a predominantly law-abiding community.

It's quite another to openly admit that you are happy to fabricate evidence in order to implicate the innocent.

Fuckin' jackboot. Hope you enjoy the power that your petty badge gives you. Because you'll rot in hell for your actions.

Does your mother know how dishonest you are? She must be so proud.

[JayJuanGee]

Well if the last 9 months are forgotten, there really is nothing sketchy about these current prices @ all 

You are failing and refusing to understand proper context when you selectively remove some part of history in order to attempt to paint a picture about what is happening.

In other words, let's get back to reality because your hypothetical framework leads us into fantasy land, rather than considering actual facts on the ground.

[Ibian]

I found something funny. you still know these memes?



they looked for this shocked woman on this picture and found the models gallery. you have to see this: https://twitter.com/ShortFormErnie/status/1011362273762402304/photo/1

if you wounder what she is doing on these photos, she is checking the bitcoin price of course  

Remember folks, don't stick your dick in crazy.

[Ibian]

so perhaps the fees could stay relatively low for 10 or 20 more years, but likely as BTC adoption increases, fees are likely to naturally go up, too...

The collapse of the West (and Latin America) with Asia taking the crown as the financial capital of the world will be complete by the end of 2032 according to the third occurrence of the sixth 309.6 year wave of humanity since recorded antiquity.

Thus (Satoshi not Core) Bitcoin will have already attained $21 trillion market cap and fulfilled its intended role as the next international reserve currency to replace the USA dollar.

So you can expect that (Satoshi not Core) Bitcoin will be only for $billionaires by then with $50,000 transaction fees. But that is what is necessary for our BTC to go to $1 million.

The details for my thesis are here:

https://bitcointalk.org/index.php?topic=1082909.msg40924436#msg40924436 <--- main one

https://bitcointalk.org/index.php?topic=4433000.msg40989255#msg40989255

https://bitcointalk.org/index.php?topic=4416188.msg40948767#msg40948767

Okay, but can you explain it in less than twenty thousand words?

Someone once said that if you can't explain something in a simple way then you don't understand it. I recently explained how the cultural cycle Glubb identified interacts with the r/K theory as it pertains to humans in a single post. Both of which are things most people have never even heard about. Your turn.

[Ibian]

Ironic positives are possible but I see the underlying change as China realising this old guy DGAF and is as dangerous as the younger guy who dont DGAF and is likely not playing the same old game they've run for decades.  Hence China, the real power in the balance side swiped Kim Jung with the knowledge he is going to lose any backing unless he stops killing off foreigners and stick to his national dictatorship.   Rather then launch that next missile, combined with the fact they probably destroyed part of the launchpad he opts to take the money on the table for playing nice.
In ten years he will just repeat the same crap in exchange for more nice stuff coming his way.    He isnt about to make any kind of peace like Gaddafi made the mistake of doing and China probably doesnt want him to do because he is their poodle in any forthcoming battle over the 'south China sea'

Despite the name most of that sea belongs to other countries hence a likely heavy conflict is probable more then anything specially to do with the Korean peninsula

I saw a short clip with Trump and Kimmy, the one where Trump salutes the military guy. Kim looks like a confused and very frightened overgrown child who is way out of his depth. I imagine his thought process went something like this: "Okay, twice as big as me, twice as crazy, way more than twice the bombs... play nice and maybe he will go away. That's a good american, niiiice americaaaann...".

[mindrust]

Brainwashed.

Who is your employer? Roger, Jihan or Brian?

[Toxic2040]

Modified Schiff fork


The big banana of 2018

#stronghands

[Anon136]

So yeah, probably best not to threaten the financial stability of the most powerful nation on God's good earth.

Wait how does selling drugs threaten the financial stability of the United States . Social stability maybe but nothing could be as detrimental to that as open borders and mass immigration, something most government employees seem to be more than okay with.

Frankly I don't care what you guys do before this cold civil war turns hot as long as you back the RIGHT side when things do turn hot. Nothing else matters compared to that one decision that you will have to make. You claim to love the USA than back the good guys not the commies when things get real.

[El duderino_]

pfffff give me one of these during bear market 

[Anon136]

... as long as you back the RIGHT side ...

What you did there. I see it.

What ever could you be talking about?

[boss1dg]

bitcoin weekly chart shows bullish sign , according to me before 1st week of july we will see uptrend in market . However cant say upto which level it will lasts bcoz it is not as strong as last year bull run . back to back 3rd dip of $6k have created more panic , need to break resistance soon .

[Ibian]

... as long as you back the RIGHT side ...

What you did there. I see it.

Yes, but do you agree?

[HairyMaclairy]

STAWP.     THERE AINT NO CHAIN IN THAT THERE SIDE CHANNEL.

Fair enough. I was pulling myself into the weeds on semantics there.

Can we settle on a side-abacus for LN, then ?

Yeah.  And then we can tokenize the beans.  Decentralized, deconstructed Abaci.

[HairyMaclairy]

Ok. Admittedly I know nothing about IOTA.

Shitty algorithm that can get clogged for free which was shittily pumped with propaganda.

It's Obviously The Asshole of the top 10.

That’s a bold statement.   There’s a lot of Ass in the top 10.

[Last of the V8s]

Ok. Admittedly I know nothing about IOTA.

Shitty algorithm that can get clogged for free which was shittily pumped with propaganda.

It's Obviously The Asshole of the top 10.

That’s a bold statement.   There’s a lot of Ass in the top 10.

Sure, but it was an acronym thing.
EOS is an obvious candidate. Executive Order Shitcoin was my lame attempt

[sirazimuth]

.....we threaten the old ass-rape in prison routine.

.....we can always find kiddie pics on your pc's, whether they were originally there or not.


..... God's  imaginary sky fairy's good earth.   (ftfy)

spoken like a true Christian

[kurious]

Yeah, not sure why you all don't just put your money in traditional financial instruments and institutions. Not sure about this whole "cryptocurrency" thing. IDK. Just doesn't seem real.

General Electric should be the poster child for the whole corrupt "We're-doing-great-and-our-stock-is-flying-oh-shit-now-its-tanking" financial establishment. They'll all be doing great up until the day, the very minute they run out of money to buy back their own stock.

GE one month : "We're doing great! Earnings are up! Stock is up!"

GE the next month : "Oh shit, suddenly we're out of cash! Our debts exceed our free cash! We've been hiding our revenue losses with shady accounting and cooked books. Shit! Time to cut our stock and dividend in half. Get rid of the CEO! Jettison everything! Lay off thousands!"

Of course the executives are the only ones who get a golden parachute. Everyone else gets a pink slip.

So... Forgive me, Torque - but it begs this philosophical question:  Isn't this just unfettered capitalism in action?

Don't get me wrong, I am not trolling you or trying to catch you out.

But...  

We seem to be at the peak of a long era of 'laissez faire' rampant capitalism - which has just produced debt slavery for the world's masses and incredible wealth and power for the few.  Without any alternative competing systems to rein it all in since the 'victory' over communism and socialism, we simply seem to have completely accepted modern capitalism 'raw in tooth and claw'.

I actually agree with most of what you say here and basically it's obvious the current system is corrupt to the core - and on a simple, human level - yes, patently unfair.

So if it's not working for the common good - do we tear it all down, or are we just trying to make sure we are getting a slice of the pie?

Just wanting to be rich is 'joining them, not beating them'.  Wanting to change it requires new ideas, new heroes thinking of new ways - and people prepared to be part of the solution, not just wannabes who want to be part of the elite that cause the problem - with lambos to prove it.

Is parachutes for the rich and pink slips for the ordinary Joes ok?

Or not.

I am not pretending I have an answer to this and I am part of this system by default, but I would be interested in your thoughts

I really can't answer this or expound on my thoughts right now because it would require a book. And I'm too tired to write a book, and of course I don't want to be accused of adopting JJG level walls of text, lol.

Suffice to say, it wouldn't have become run away rampant predator capitalism if corruption hadn't be allowed to infiltrate the entire system.  Even prominent hedge fund managers don't know what the fuck is going on anymore, nothing makes any sense. Some sanity would come back to the markets if:

1. Gov't needs to stop actively managing the markets through Fed and CB intervention (just look at the bond market, it's ridiculous.. comical. Who's fkn buying that shit?)

2. End stock buybacks - they used to be illegal, most people don't even know that

3. More transparency in corporate earnings reporting - end the loopholes and fuzzy accounting practices

4. CEOs and executives need WAY more accountability for company performance and earnings - quit rewarding them for bad behavior

5. Let the fucking equities market have it's bear market for gods sake. Quit propping it all up by tethering everything to FAANGs and then constantly goosing the FAANGs with CB fiat money

Thanks for a decent and cogent answer.  I am not anti-capitalist at all, I am here in this market struggling through like everyone else with some vision after all.

I dislike how rigged it is, though - and wonder how to keep the faith when it is essentially in contempt of hard working people and owned by those in power who need not worry they will ever lose.  So far.  I want to see a level playing field, not governments and markets rigged against anyone but the insiders. I cannot abide the entitled being above the common law and some form of natural and reasonable justice. It's part of why I love Bitcoin, I am free to get in and take part and if it wins, so do I.

I admit I half expected expected dogma and dismissal from you. I got better. Respect.

[JayJuanGee]

Good morning Bitcoinland.

I see we've got some more sideways... currently $6122USD/$8136CAD (Bitcoinaverage).

Ho freaking hum.

Hey Jimbo.... when is your cashflow getting lined up in order that you will be able to add to your BTC stash at these "bargain" prices?

within the next month or two?

[JayJuanGee]

When big banks, businesses and all the poor unbanked (cannot pay BTC on-chainfees - but BCH) ?

what are you talking about? the current bitcoin transaction fees are about $0.15.

edit: typos

Many of us doing on-chain bitcoin transactions in late 2017 until about January 2018, recall how the BTC transaction fees went skyrocketing up - actually, there were several times in 2017 in which BTC transaction fees went skyrocketing up.  Coupled with fees going up tended to be longer BTC transaction times.

Large fees and longer transaction times was a narrative that the BIG BLOCKER nutjobs wanted to push, and also the alt coin pumpers had some incentives to propagate such narrative to pump their shit by suggesting that BTC is broken or inadequate and that other Bitcoin 2.0 systems (aka alt coins) would be the solution for such problem.

The most reasonable inferences from the evidence remains that spam attacks were occurring on the BTC network to attempt to provide evidence for the made-up bullshit narrative, and even though it remains a bit unclear regarding the culprit of the spam attacks, largely it is attributed to folks like bitmain, Roger Ver and coinbase, even though there were likely some others that were contributing to acts and practices that added to the clogging up effects of the spam attack of the bitcoin network.

By the end of January or so, it became more apparent that the cost of the ongoing spam attack and even the actual ongoing effects of such spam attack were becoming greater than the benefits of keeping such spam attack going.  Yeah, there was a bit of a risky (but seemingly justified) move from bitcoin node to expedite the live activation of lightning network - which would then more quickly negate some of these projects attempt to maintain their claims about BTC's alleged high transaction fees and slow transaction times. 

So, yeah, ever since the end of January the spam attacks largely stopped and any further attempt to reinitiate such spam attacks have not been effective which brought BTC fees and transaction times way down into relatively low ranges, which can cause some concerns regarding whether if such low fees were to persist, then are there enough mining incentives built in... but that sustainability (and incentives) of low fees  scenario remains largely offset by relatively lucrative mining rewards that will continue to be decent for a few more halvenings.. so perhaps the fees could stay relatively low for 10 or 20 more years, but likely as BTC adoption increases, fees are likely to naturally go up, too... and yeah, it does seem to become more and more expensive to engage in bitcoin spam attacks, but likely those spam attack times are not behind us - even though they might have to be more strategically employed as compared to the 2017 to January 2018 period that they were employed for months at a time (December 2017 to January 2018 was about a two month long attack).

Meh, your narrative is just BTC cannot scale.

And any other try is an ATTACK.

Deal with it.

I am not saying that.  Since you have historically been a BIG blocker nuthead and a bcash pumper, you seem to be in denial of the power of bitcoin, and failing and refusing to acknowledge that there have been attacks on bitcoin that have been unsuccessful.  In other words, you are so much engaged in ongoing fucking delusionalism that you want to frame spam attacks as if they were organic growth, even when the actual facts do not support your delusional and wishful narrative.

Why don't you go and play around in your BIGblocker and bcash threads rather than bringing your fantasy descriptions to these big boy thread...?  In other words, you don't seem to be grown up enough (or willing to consider actual facts) to participate in this thread.

[kurious]

long era of 'laissez faire' rampant capitalism

This has to be a joke  . There is more government regulation and red tape today than there ever has been. Taxes on anyone who is actually productive are crippling while the unproductive are subsidized. The landscape is dominated by megalithic corporations because individuals and smaller firms lack the economy of scale to comply with the profoundly onerous burden of regulatory compliance. And from this you perceive laissez faire... How... just how...

Hey, Anon - we are one the same side and I know we share some interestsa dn you are a man who helps those when asked, so I don't want to disagree but I hold a different view.

So please indulge me and let me run an alternative take on this by you?

IMHO The little firms don't get an easy time in because the bigger corps are allowed to buy a free run from the politicians at walking over anyone and anything they like. The regulations are engineered to keep the old guard in power. That was my point. The big corps like it that way and the system let's them. And it's because they pay less taxes that everyone else has to pay more.

All the major corps have huge tax avoidance schemes, most of their profits are in tax havens while they destroy ordinary people's jobs and force them into welfsre while the people in the middle have to pay for. It doesn't sit well with me, that's all.  I don't want to pay more taxes, but the tax take is so reduced because the large corps and rich do not pay theirs - that I have to.

In the post war generation, not so long ago the average American could own their own home, run two cars, put their children through college - and do it on on one wage while mom stayed home and made apple pie. I am not saying that was perfect, but people could do ok and expect a good life and a pension - as well as hope their children could do better than they did.

So:  Is it really better now - and do you think 'more of the same' will help?