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

[HairyMaclairy]

For anyone that has an opinion on Trump Putin meeting I would highly suggest reading this link

https://www.themaven.net/mishtalk/economics/mass-hysteria-vkQlQ1iuLEmF5S9-DqEx0A/

Seriously dude that article is just a mess of moral equivalency and “but her emails”.  It is poorly written and structured. 

[Ibian]

If it's wrong to choose the smiling girl over scowlface, then I don't want to be right.

Sometimes people choose a shitty ass meme to get their point across.

[STT]

I'm a massive fan of simplicity tbh, the smallest thing in iteration can lead to great things.  The answer is far more likely to be correct when it doesnt require a long justification and explanation.   But its no good forcing either side, most of us dont have perfect clarity it takes time I guess

Occam's razor is more commonly described as 'the simplest answer is most often correct,' although this is an oversimplification. The 'correct' interpretation is that entities should not be multiplied needlessly.
Occam's Razor - The Simplest Answer is Usually Correct
https://explorable.com/occams-razor

Quite funny there the definition is almost contradictory 

[Torque]

"Once you have 1 BTC, buy all the shitcoins you want!"

[Ibian]

Well if peace means surrender, including siding with Putin against the findings of the Republican controlled Senate Intelligence Committee, then yes. After all, there’s nothing wrong with cock sucking. I’m sure many find it quite tasty. I certainly hope my wife does.

Merited.  I think even the GOP is horrified.  In his own party there is speculation as to whether Putin has something on him. In a world of conspiracy stories and 'fake news', where do I file this?

And the EU is now a 'foe' of the United States.  Astounding.  I am sure most of my life I was taught the Americans were allies of Western Europe.  Should I consider going for some weapons training? I mean, a hell of a lot of Americans seem to be visiting places near where I live. There's even a US military base not so far away. 

And that is not ALL sarcasm. It's just you really couldn't make this stuff up.

There is nothing strange about this. Both Trump and Putin are K's, which is why they respect one another. They care about their people, not about the people of other nations.

As for the EU, it is no better than soviet russia and will eventually become just as tyrannical given time. Which is why we need to destroy it before it gets to that point. It is an enemy of the people, for the personal benefit of career politicians. This coming from an actual european, for the record.

[Anon136]

No I’m a leftie.  Which means I want to disrupt the banks and break up the cozy corporatist monopolies and bust big pharma and big healthcare.

I'm a right winger and I want to do all of those things as well... not sure your conceptions about left and right are very good here...

We can start by dangerously giving free healthcare to poor people.

That sounds great. I support free health care too. If someone wanted to go give healthcare to some poor person for free I wouldn't dream of attempting to intervene and stop them... Oh that's not what you mean? Well that's what the words that you said mean. If you lefties mean something other than that than perhaps you should actually say what you mean. The reason you never do is that your intentions always sound less noble and less palatable when stated truthfully.

But I digress, on the off chance that you actually mean what you said, there are lots of poor people down town, you can buy medical supplies at walmart, I would NOT forget to pick up some gloves if I were you.

so which future is the one where i own all the bitcoins?

It's the same future as the one where you own none of them. Bitcoin is nothing without a network.

[Xian01]

THESE BITCOIN BLOCK TIMES ARE FREAKING KILLING ME.

AUUUUGGGGGHHHH !!!

How is anyone supposed to test the Lightning Network like this ?!???

[Torque]

And the EU is now a 'foe' of the United States.  Astounding.  I am sure most of my life I was taught the Americans were allies of Western Europe.  Should I consider going for some weapons training? I mean, a hell of a lot of Americans seem to be visiting places near where I live. There's even a US military base not so far away.  

For the record, Trump clarified that when he said 'foe' he meant 'competitor'. Which is a completely different connotation.

Also to give context, Trump was expressing frustration that the U.S. continues to subsidize Germany and other NATO countries with footing nearly the entire bill for their defense, whilst these same countries continue to trade and buy LNP directly from Russia and not from the U.S.

Wouldn't you too be frustrated with this unfair trade arrangement?

[jojo69]

touched 6800 on GDAX

[jojo69]

And the EU is now a 'foe' of the United States.  Astounding.  I am sure most of my life I was taught the Americans were allies of Western Europe.  Should I consider going for some weapons training? I mean, a hell of a lot of Americans seem to be visiting places near where I live. There's even a US military base not so far away.  

For the record, Trump clarified that when he said 'foe' he meant 'competitor'. Which is a completely different connotation.

Also to give context, Trump was expressing frustration that the U.S. continues to subsidize Germany and other NATO countries with footing nearly the entire bill for their defense, whilst these same countries continue to trade and buy LNP directly from Russia and not from the U.S.

Wouldn't you too be frustrated with this unfair trade arrangement?

True as far as it goes, to be fair however, Europe has remained compliant to the petrodollar arrangement all these years, so it's not like we aren't getting value for our investment.  We get to export our inflation.

[bones261]

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even at break even. It is rather difficult to make a profit or break even when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run. It must be a subsidized enterprise, either voluntarily through charity and/or mandated by some sort of taxes.

[Ibian]

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even at break even. It is rather difficult to make a profit or break even when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run. It must be a subsidized enterprise, either voluntarily through charity and/or mandated by some sort of taxes.

Abolish the welfare state and let people pay their own way. It will be cheaper on average. Centralized economies are not efficient and can't be.

[STT]

Sorry for commentating again so often but the Europe is socialism theme has been said for decades and EU keeps on going anyhow.    Its not really tending towards extremes quite that much, the politics certainly appears that way but overall the countrys are mixed in their purpose and aims.   Germany is one of the worlds greatest exporters for example, any interference with control of that industry operation would not likely be tolerated and lead them into an obvious loss.   So long as they retain the ideas of democracy I would not fear Europe will become this negative or extreme any time soon, I dont see this as a trend increasing is my point. 

The biggest warning of a socialist move imo would be in the interaction between banking debt, government debt and the ECB.   Done correctly the debt is bad and some defaults should occur, this reorder is necessary.   If that common order is disrupted, it favours unrest and possibly this idea of seizing assets to favour the common good.  That path leads to ruin as Venezuela has shown most recently.   If all these governments' budgets were in surplus I would not think this possible at all


https://i.imgur.com/xwjwc4c.png
Quite an obvious barrier upwards, 6800 as mentioned a few times.    Indicators are neutral seems like and 50 day moving average flat.   This is just the April low, on balance nothing especially bullish required to challenge this area rather then retract as if it were a solid ceiling.   I would guess we surpass it and in doing so there is a bit of a rush upwards, 7400 to 7700 being the most obvious target which is a previous channel trend and a previous ceiling.   I dont think it would go past that without selling, consolidation.

This recent higher daily low area was quite good reason to be positive now I think

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even a loss. It is rather difficult to make a profit or even operate at cost when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run.

I'd agree in plain numbers but for a nation, its people are its most valuable asset and the best source of growth possible.   People are exponential in their capacity for productive gain, to not favour the good health of your nation as much as possible could be considered the worst form of malinvestment.

Saying that, only basic health care in line with advances over decades is that feasible.  Cutting edge, high cost health care should probably always be private.

[Ibian]

Sorry for commentating again so often but the Europe is socialism theme has been said for decades and EU keeps on going anyhow.    Its not really tending towards extremes quite that much, the politics certainly appears that way but overall the countrys are mixed in their purpose and aims.   Germany is one of the worlds greatest exporters for example, any interference with control of that industry operation would not likely be tolerated and lead them into an obvious loss.   So long as they retain the ideas of democracy I would not fear Europe will become this negative or extreme any time soon, I dont see this as a trend increasing is my point. 

The biggest warning of a socialist move imo would be in the interaction between banking debt, government debt and the ECB.   Done correctly the debt is bad and some defaults should occur, this reorder is necessary.   If that common order is disrupted, it favours unrest and possibly this idea of seizing assets to favour the common good.  That path leads to ruin as Venezuela has shown most recently.   If all these governments' budgets were in surplus I would not think this possible at all


https://i.imgur.com/xwjwc4c.png
Quite an obvious barrier upwards, 6800 as mentioned a few times.    Indicators are neutral seems like and 50 day moving average flat.   This is just the April low, on balance nothing especially bullish required to challenge this area rather then retract as if it were a solid ceiling.   I would guess we surpass it and in doing so there is a bit of a rush upwards, 7400 to 7700 being the most obvious target which is a previous channel trend and a previous ceiling.   I dont think it would go past that without selling, consolidation.

This recent higher daily low area was quite good reason to be positive now I think

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even a loss. It is rather difficult to make a profit or even operate at cost when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run.

I'd agree in plain numbers but for a nation, its people are its most valuable asset and the best source of growth possible.   People are exponential in their capacity for productive gain, to not favour the good health of your nation as much as possible could be considered the worst form of malinvestment.

Saying that, only basic health care in line with advances over decades is that feasible.  Cutting edge, high cost health care should probably always be private.

Socialism is forced redistribution of resources. The precise method this is accomplished by does not change the main theme.

In my country we have about 80% taxation. Convince me that this is not socialism.

[gentlemand]

Saying that, only basic health care in line with advances over decades is that feasible.  Cutting edge, high cost health care should probably always be private.

Back when the NHS was formed health was nice and simple. Everyone died off at the right time and drugs was real drugs.

These days I don't see how any service can hope to keep up with the developments or expense. You could easily pour a million dollars of experimental shite into some muggins who might get a few extra weeks out of it. That could transform hundreds of other lives.

And once you get beyond 80 you should only be given maintenance or the option of a quick offing. It's not as if you're going to regrow your tight little body again.

No way do I think an American style health system is a good thing but at some point people have to acknowledge that not everything is affordable for everyone.

[kaicrypzen]

If it's wrong to choose the smiling girl over scowlface, then I don't want to be right.

Sometimes people choose a shitty ass meme to get their point across.

scowlface is clearly making that face cuz her supposed boyfriend is looking at the smiling girl. Under other circumstances scowlface would surely not be scowlface ... The guy isn't looking at the smiling girl cuz she's smiling (he can't see that by the way), neither is he ignoring scowlface cuz she is scowling.

Having said that, I do agree that the meme is, at some extent, not well-suited. Mainly cuz the accurate explanation that's complex is never/hardly at the reach of most of us.

[bones261]

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even at break even. It is rather difficult to make a profit or break even when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run. It must be a subsidized enterprise, either voluntarily through charity and/or mandated by some sort of taxes.

Abolish the welfare state and let people pay their own way. It will be cheaper on average. Centralized economies are not efficient and can't be.

Centralized economies are not efficient? LOL. What do you think civilization is based on?   Do you really think the tribal economy of the paleolithic was somehow more efficient? Why on Earth do you think "the market" ends up creating oligarchies? Large corporations, due to economies of scale, always will have an advantage over mom and pop operations. The only hope for the mom and pop operations is to somehow have an advantage either through specialization, innovation and/or access to resources. Then the mom and pop organization will have a chance to actually become one of the large corporations.

[Ibian]

If it's wrong to choose the smiling girl over scowlface, then I don't want to be right.

Sometimes people choose a shitty ass meme to get their point across.

scowlface is clearly making that face cuz her supposed boyfriend is looking at the smiling girl. In other circumstances scowlface would surely not be scowlface ... The guy isn't looking at the smiling girl cuz she's smiling (he can't see that by the way), neither is he ignoring scowlface cuz she is scowling.

Having said that, I do agree that the meme is, at some extent, not well-suited. Mainly cuz the accurate explanation that's complex is never/hardly at the reach of most of us.

Someone linked a bunch of pictures of scowlface recently. It's all she does. Honestly the problem is that the guy is with her in the first place.

[Anon136]

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even at break even. It is rather difficult to make a profit or break even when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run. It must be a subsidized enterprise, either voluntarily through charity and/or mandated by some sort of taxes.

Abolish the welfare state and let people pay their own way. It will be cheaper on average. Centralized economies are not efficient and can't be.

And, if you know someone who is actually a good person, and it actually isn't their fault that they are too poor to afford health care, help them out. It's pretty simple really.

So much effort is put into over complicating the matter. Create this massive system of over regulation and blame the sky high price on the fact that money isn't being forcefully taken away from healthy people to subsidize the sick. All in the name of enriching the megalithic corporations that harry purports to be against.

[Ibian]

The problem with the healthcare industry is that it just not sustainable to try and operate it at a profit or even at break even. It is rather difficult to make a profit or break even when your main customers are among the chronically ill and/or dying. Unfortunately, it can really only operate at a loss, in the long run. It must be a subsidized enterprise, either voluntarily through charity and/or mandated by some sort of taxes.

Abolish the welfare state and let people pay their own way. It will be cheaper on average. Centralized economies are not efficient and can't be.

Centralized economies are not efficient? LOL. What do you think civilization is based on?   Do you really think the tribal economy of the paleolithic was somehow more efficient? Why on Earth do you think "the market" ends up creating oligarchies? Large corporations, due to economies of scale, always will have an advantage over mom and pop operations. The only hope for the mom and pop operations is to somehow have an advantage either through specialization, innovation and/or access to resources. Then the mom and pop organization will have a chance to actually become one of the large corporations.

Civilization is a lot of people living together without murdering the fuck out of one another. It's anything that is not tribal warfare.

And it's not a debate. We have a century of data and the numbers are in. Capitalism produces more wealth than socialism and has less economic inequality and more personal freedom. It is not a matter of opinion.