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

[B1tUnl0ck3r]

so no one has an idea on what happen at the CME?

tells a lot about the quality of the posters here... it's gonna be fun...

muppets everywhere...



I am curious what alts have been sold to you .

the EOS holders were so cutesy , full of hopes and dreams... .

[RoomBot]

I am curious what alts have been sold to you .

the EOS holders were so cutesy , full of hopes and dreams... .

B-List child actors, meh.  Another crypto disaster.

There is only one Bitcoin and the last bottom is far behind us.

GO, BTC!

[B1tUnl0ck3r]

GO, BTC!

where the moon? beyond?

[Icygreen]

Ground zero check in.
I continue to drop a crypto or bitcoin comment into the public during my show sales when appropriate (usually seen as a joke).  I find it very interesting to track public opinion on the subject.   Compared to 1 year ago, now everyone has heard of cryptocurrency and bitcoin although the majority of the herd still avoid it or make confused comments. There's approximately 5% who will engage openly with interest or share stories of friends who took the leap. 5% is 500% greater than last year's results of this same experiment.  It's pretty clear that the public is aware of cryptocurrency but largely fearful of it.
I'm not sure what short term action we will see but I'm feeling fairly positive that the next big ATH run up will appeal to a much larger audience and one which will be harder to ignore.  Realists, preppers, anti establishment crowds, economists, hedge funders, and the average diversivied investors will likely be the next group to find the value in BTC fundamentals which is probably 3x or more the current community.
Also worth noting, cash in Canada is clearly a planned obsolescence in short order. I now receive less than 20% cash where only 3 years ago it was 50% and 8 years ago it was more than 70%.  I'll be funneling 10% of my yearly net into BTC as long term savings and as a hedge against fiat's crumbling value.

Its funny but not haha funny how people just accept the changes these days.   I still believe BTC IS the peaceful revolution of the people.

[infofront]

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only the lifestyle left in America for anyone, anywhere. It was all highbrow and condescending. They figured that this is what all Americans want and need -- it's obvious they want to model American work life after Japan. Disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... in China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

This is a pretty serious problem and I am concerned about it.  

I am have some small involvement with a project that will put about 300 downtown white collar workers out of work by turning their day jobs into a series of automated workflows.  The components that can’t be done by computer will be done by workers in a low cost center in a regional city.  It won’t be offshored because the quality of the work product would be too low.  

From there it’s a race between developing world workers and the computers as to who will get their standards of quality high enough to subsequently replace the local workers.  But the computers are going to win.  You can see this with Foxconn dumping Chinese laborers for robots.

Automation is going to kill third world workers jobs even harder than it kills domestic jobs because, generally speaking, education standards are still lower on average in the developing world than in the West.  (Their best are as good as our best but that’s an aside).

The Democrats are right in that anyone without a decent education and the ability to be highly agile in their role is fucked.  I don’t know what the Republican solution is - locking up Hispanic children is a distraction.  Trade wars are a distraction, the 300 jobs that area going have nothing to do with China.  And that’s just one smallish  company.  The low cost Chinese workers can’t speak English so they are useless for white collar outsourcing.  

So everyone can whinge about the cost of education, but if your population isn’t educated, it’s not going to be competitive and it’s going to drag down your economy.

The third world won't be hit as hard or as quickly. Labor is ludicrously cheap in the third world.
My wife just mentioned that her nephew in the Philippines makes $10/week for stacking heavy sacks of rice 60 hours per week. There's no way you can get any kind of automation that cheap. In fact, when I visited the Philippines, I noticed the residential construction crews generally don't use power tools. It's cheaper to pay someone to saw all the wood by hand than to buy a circular saw.

[Anon136]

https://www.youtube.com/watch?v=7lmNpMSPu0k

This guys content is amazing! I wonder why he has so few views. THIS IS HUGE

Also who remembers this gem from 2013? Nobody Understands Bitcoins

[Tyr808]

It has become apparent that mainstream is pressing everyone to think bitcoin -0.18% is going to $3,000
the financial networks have everyone believing that $3,000 is where to buy
what do you think the expert traders are doing?
do you think they are going to wait for $3,000 to buy in with the rest of everyone else who gets their info from the boob tube?
or do you think they are using all this time that we are under $10,000 to stock up?
non-commercial shorting (dumb money) is at record levels.
it is almost comical how many so called experts believe we are heading lower
my lawn guy, the barber, the car wash attendant, whatever.

[mymenace]

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only the lifestyle left in America for anyone, anywhere. It was all highbrow and condescending. They figured that this is what all Americans want and need -- it's obvious they want to model American work life after Japan. Disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... in China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

This is a pretty serious problem and I am concerned about it.  

I am have some small involvement with a project that will put about 300 downtown white collar workers out of work by turning their day jobs into a series of automated workflows.  The components that can’t be done by computer will be done by workers in a low cost center in a regional city.  It won’t be offshored because the quality of the work product would be too low.  

From there it’s a race between developing world workers and the computers as to who will get their standards of quality high enough to subsequently replace the local workers.  But the computers are going to win.  You can see this with Foxconn dumping Chinese laborers for robots.

Automation is going to kill third world workers jobs even harder than it kills domestic jobs because, generally speaking, education standards are still lower on average in the developing world than in the West.  (Their best are as good as our best but that’s an aside).

The Democrats are right in that anyone without a decent education and the ability to be highly agile in their role is fucked.  I don’t know what the Republican solution is - locking up Hispanic children is a distraction.  Trade wars are a distraction, the 300 jobs that area going have nothing to do with China.  And that’s just one smallish  company.  The low cost Chinese workers can’t speak English so they are useless for white collar outsourcing.  

So everyone can whinge about the cost of education, but if your population isn’t educated, it’s not going to be competitive and it’s going to drag down your economy.

The third world won't be hit as hard or as quickly. Labor is ludicrously cheap in the third world.
My wife just mentioned that her nephew in the Philippines makes $10/week for stacking heavy sacks of rice 60 hours per week. There's no way you can get any kind of automation that cheap. In fact, when I visited the Philippines, I noticed the residential construction crews generally don't use power tools. It's cheaper to pay someone to saw all the wood by hand than to buy a circular saw.

A lot of I think they call them patriots in America believe it has been corrupt for over 40 years and more


The Storm is upon us
https://www.youtube.com/watch?v=3vw9N96E-aQ


Weird world

i wonder whats going on.

 

[Rosewater Foundation]

Weird world

i wonder whats going on.

It's cheaper to eat people than to feed them. I guess we will be eating people on an industrial scale before long.

*sigh*

[Paashaas]

ETF coming on 10th August. Very good for the price short term.

If they approve one they need to that with all of them. More countries will follow, everybody wants a piece of the pie.

[vroom]

Weird world

i wonder whats going on.

It's cheaper to eat people than to feed them. I guess we will be eating people on an industrial scale before long.

*sigh*

[TERA2]

I havent seen any rockets or upward graphs in a while. The poll is bearish. Is it time for a reversal?

[Anon136]

The Storm is upon us
https://www.youtube.com/watch?v=3vw9N96E-aQ

Powerful stuff! I hope it's true.

[elrippos friend]

Nice selection, especially the Lancia     

Good of you to pick out the one that costs more than all the others put together !

https://petrolicious.com/articles/this-is-what-it-s-like-to-own-a-lancia-s4-stradale

0-60 on gravel in 2.2 seconds...  perfect for the rural shopping run.

More or less, in group B race spec, i just love the sound of the supercharger and the turbocharger, when the guys loose the throthle, you can hear the wastegate like 3 kilometers away 
Machina Grande 

[Elwar]

I havent seen any rockets or upward graphs in a while. The poll is bearish. Is it time for a reversal?

Bitcoin died. I read it in an online news article.

The price is under $10k.

 

[moneyForjam]

Going long here 6310
SL 6240
1st T 6800

[DaRude]

Is faketoshi going full billionaire at the mem pool?

[Wekkel]

I sense no despair yet. Although with some Alts, we are getting there 

[mymenace]

The Storm is upon us
https://www.youtube.com/watch?v=3vw9N96E-aQ

Powerful stuff! I hope it's true.

Does not matter if its true

they believe it is and seem to be running the narrative

Some of the facts they point to are Arrests, Resignations, Suicides

The patriots talk about the current global war (over 2 years now) and continue the fight



Do not care that it is true, the support by everyone in fighting corruption and criminals is essential anywhere, particularity against those in positions of power who seek to monopolize

Scientists, Doctors (72 arrested so far), Priests, Bankers, Judges, Politicians, Educators, Media etc etc etc

[Elwar]

The Storm is upon us
https://www.youtube.com/watch?v=3vw9N96E-aQ

While I don't trust the government and understand that those in power will always want more power, I have a hard time believing in most grand conspiracies. I kept an open mind about 9/11 being an inside job but never saw any evidence that convinced me. One big one for me was when Sarah Palin's personal e-mail was hacked and released to the world. Reading through them it was exactly like you would expect of a candidate running for office...e-mails to various people asking for support and other every day type of stuff. Sure you could say she had some alternative means of communication for talking to her fellow conspirators...but I just don't see it.

One of the biggest reasons I don't believe the all powerful government conspiracy is because I've worked for the government for the past 20 years and the incompetence within is mind blowing. It is very much built into the system to reward incompetence. To think that anyone involved in the government is an evil mastermind would require that they be a mastermind in the first place...and they just do not exist. And if they do, the motivation is to go into private industry where that is rewarded.

I'm not saying I'm not smart, but I acknowledge that I'm one of the laziest people you'd ever meet (at least after 20 years in government). I likely would not have done very well in the private sector. Or rather, I may have done better starting out in that sector. I realized early on that productivity is definitely not rewarded. Staying under the radar and having the right buzzwords in your resume is all you need. I also claimed to be a Native American (which I am...born and raised).