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

[Tyr808]

 

Cramer is another contrarian indicator. But unlike the Hodge twins, who are a contrarian indicators because of double digit IQs (even when summed), he's just a manipulative lying filthy worm.

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[Anon136]

We are testing resistance at $7580.  Bullish if we break it, bearish if we test and cannot break through.

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

[HairyMaclairy]

If we see $7650 today or $7700 tomorrow I would expect another vertical candle into $8k.

If we sit here for two days then we go straight back down again, vertically.

[mike4001_]

If we see $7650 today or $7700 tomorrow I would expect another vertical candle into $8k.

If we sit here for two days then we go straight back down again, vertically.

Just don't take away the 7 from me :-/

[HairyMaclairy]

There's a free world?

Living in America + having means. Yea it's pretty free. I can shoot my guns and grow my gardens and raise my chickens and build exactly the house I want. I can hop in my car and drive anywhere I want. I can say what ever I want. Nigger fag spic kike. I could be anywhere in the world I wanted within 48 hours. There isn't a whole lot that I want to do that I am not able to do. And even that small list with most of those things I understand why I can't even though I want to.

I don't understand people who say there is so little freedom. I mean I guess in certain occupations, but I have chosen a path in my life that maximizes my freedom, intentionally so. So, I hardly ever run into bullshit. And other people, if they cared about freedom, could have made similar choices. Even my financial independence came from investing in cryptocurrencies which was an expression of my seeking of freedom. Just trying to be free gave me the wealth to become free. Who could have guessed that seeking freedom would lead to freedom!?

yeah...

This is it isn't it marcus. This is the big one. This revolution, it's going to actually happen.

You aren’t poor.  At least, you aren’t dirt poor.  You enjoy the freedoms afforded anyone who is affluent in a Western country.  You are probably a white middle class male with a commensurate income.  

A lot of us lefties look at the poor in America and think that the divide is too great. They fear that what happens in America will eventually happen to their country too.  We also have our alt-right and our NeoNazis.

But here our poor have free high quality healthcare and there is a modest social safety net.  No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.   Part of that is not fucking over your poor.  If you fuck over your poor you end up with South Africa or Detroit.  Yes you can have gated communities but I don’t want to live like that.  I can walk down the worst street in my large city at 2am and not worry. I like that.  

A big part of the reason is because we take care of our poor, more or less.  Too many libertarians are like Marie Aintonette “let them eat cake”.  We all know how that worked out.

[Phil_S]

I wonder how the same "compassionate" people can support sanctions against other countries, knowing full well that poor people in those countries might eventually become extremely dangerous and violent.

[BitcoinNewsMagazine]

We are testing resistance at $7580.  Bullish if we break it, bearish if we test and cannot break through.

Unless $10,000 is taken out on volume this advance is just a bull trap in an ongoing bear market. Sorry about that; expecting a bear market that is only 7 months old to end now is a stretch.

[Wekkel]

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

Why would you short right now instead of waiting for intermediate topping signals? Shorting just because ‘up’ is nothing but stepping in front of an upcoming train. I.e., bad trading practices.

[HairyMaclairy]

I wonder how the same "compassionate" people can support sanctions against other countries, knowing full well that poor people in those countries might eventually become extremely dangerous and violent.

Sanctions, like interest rates, are a crude weapon.  Sanctions don’t help North Korean peasants. Unfortunately, North Korean peasants are probably fucked until we can bring about a regime change.  Which probably requires a regime change in China first. So yeah, they are fucked.

[Anon136]

You aren’t poor.  At least, you aren’t dirt poor.

I started out poor. Dirt poor in fact. We are all born with nothing. My mother and father never gave me anything except some of my values and the ability to develop myself in relative security when I was in that developmental stage of my life. Good things to have, things that some people lack and that is a great tragedy no doubt, but no more than the basics.

But our poor have free high quality healthcare and there is a modest social safety net. No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.

Pretty much everyone has internet now from a young age. All they need beyond access to the internet in order to have boundless opportunity at their fingertips is parents that don't abuse them and provide the basic necessities of life. If they emerge from having the two and lacking the one still unable to afford health insurance while they are in their prime, the healthiest they will ever be in their lives, that is not a failure of the people around them to be sufficiently generous in provisioning these things to them for free. It is either a failure of the insurance industry to make this affordable, or in our case the failure of the state to allow the insurance companies to be able to make this affordable (in my country government intervention screws up, among other things, the ability of insurance companies to duly discriminate in the way that advantages one for being young an healthy) or a failure on the part of the subject to have accrued any reasonable amount of personal value during that long long protected period.

Which ever one of those it is, why is it my responsibility to pay for his healthcare? Screw that. I do not consent. And you want to use violence to extract the means from me? To pay for healthcare for some loser who didn't put in the effort to be able to pay for it himself? Or to some corrupt amalgam of private and state interests in the event that he isn't able to afford it even if he isn't a loser? You are NOT the good guy here. That threat of violence is much worse than my unwillingness to fund losers or corrupt institutions.

Part of that is not fucking over your poor.

I never fucked over a poor person in my life. I am always honest in my dealings. And refusing to give someone money in exchange for nothing is not "fucking him over". That concept is such a perverse twisting of logic it makes me want to gag.

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

Why would you short right now instead of waiting for intermediate topping signals? Shorting just because ‘up’ is nothing but stepping in front of an upcoming train. I.e., bad trading practices.

Haha well then it sure is a good thing I don't trade .

[HairyMaclairy]

But you will gladly pay $800,000 per round for a Zumwalt frigate?   

https://www.popularmechanics.com/military/navy-ships/a23738/uss-zumwalt-ammo-too-expensive/

[Phil_S]

Sanctions, like interest rates, are a crude weapon.

But necessary? Even though poor people in those countries might eventually become extremely dangerous and violent? Still worth it?

[HairyMaclairy]

Sanctions, like interest rates, are a crude weapon.

But necessary? Even though poor people in those countries might eventually become extremely dangerous and violent? Still worth it?

It depends.   North Korean peasants are no threat to me.  A nuclear armed North Korea is more of a threat, but realistically they are so tightly controlled by China that unlikely to do anything.

Sanctions on Cuba?  Cuba isn’t a threat to anyone other than Miami fatcats. Sanctions on Cuba probably aren’t justified.

[Phil_S]

So compassion is not really a factor here, right? Only a potential "threat" is a factor.

[HairyMaclairy]

So compassion is not really a factor here, right? Only a potential "threat" is a factor.

It’s one factor but needs to be viewed in a broader context, including threat scenarios.  

The bit the alt-right completely misses is when the walls go up, most of them are so poorly educated and poor that most of them will be on the wrong side of the wall, and the wrong end of the sentry guns. By working to destroy social protections, the rootless, low educated, white males who are Steve Bannons troops are only digging themselves a hole.  

I intend to be inside the walls.  But I would rather that there were no walls at all and we all managed to get along peacefully.  

If the walls do go up, it is because we have made bad choices as a society and focused on ourselves to the exclusion of all others, enough to make those others desperate and dangerous.

[Ibian]

So compassion is not really a factor here, right? Only a potential "threat" is a factor.

It’s one factor but needs to be viewed in a broader context, including threat scenarios.  

The bit the alt-right completely misses is when the walls go up, most of them are so poorly educated and poor that most of them will be on the wrong side of the wall, and the wrong end of the sentry guns. By working to destroy social protections, the rootless, low educated, white males who are Steve Bannons troops are only digging themselves a hole.  

I intend to be inside the walls.  But I would rather that there were no walls at all and we all managed to get along peacefully.  

If the walls do go up, it is because we have made bad choices as a society and focused on ourselves to the exclusion of all others, enough to make those others desperate and dangerous.

Those people over there don't look like me. Let's kill them!

Even if you don't think like that, others do. That's why walls are needed. "Like" has nothing to do with it, it's a simple necessity for life.

Incidentally, the reason tribal societies were always at war with other tribes is about food. Nature can only feed so many people in a given area. The fact that we now have technology to feed... who the fuck knows, hundreds of thousands as many people as before doesn't change our biological need to kill the Other. It's a part of human nature and needs to be taken into account, otherwise a lot of people die that didn't need to.

[Elwar]

There's a free world?

Living in America + having means. Yea it's pretty free. I can shoot my guns and grow my gardens and raise my chickens and build exactly the house I want. I can hop in my car and drive anywhere I want. I can say what ever I want. Nigger fag spic kike. I could be anywhere in the world I wanted within 48 hours. There isn't a whole lot that I want to do that I am not able to do. And even that small list with most of those things I understand why I can't even though I want to.

I was starting to think about that. I tried to help get Ron Paul elected because I foolishly believed Americans wanted to be free. I realized the amount of time and money I wasted throughout my life trying to give Americans something they don't actually want. So I figured I would focus on my own freedom, everyone else be damned. So I started working on the seasteading project because ultimately that would be the only place where you can start a nation from scratch and actually have some freedom.

But having money I am starting to think I can just follow the path of so many other rich people and buy my freedom. Either by doing it in the US or doing it in another country where my money goes further and can buy off law enforcement and politicians easier than in the US.

No matter where I go in the world I am still not free of the US until I renounce my citizenship. They still extort money from me even living overseas. Musk has the right idea to find another planet.

[HairyMaclairy]

Hi Ibian

Can you describe for me the characteristics of your ideal society.  

In your ideal society, do children starve to death?

[Ibian]

There's a free world?

Living in America + having means. Yea it's pretty free. I can shoot my guns and grow my gardens and raise my chickens and build exactly the house I want. I can hop in my car and drive anywhere I want. I can say what ever I want. Nigger fag spic kike. I could be anywhere in the world I wanted within 48 hours. There isn't a whole lot that I want to do that I am not able to do. And even that small list with most of those things I understand why I can't even though I want to.

I was starting to think about that. I tried to help get Ron Paul elected because I foolishly believed Americans wanted to be free. I realized the amount of time and money I wasted throughout my life trying to give Americans something they don't actually want. So I figured I would focus on my own freedom, everyone else be damned. So I started working on the seasteading project because ultimately that would be the only place where you can start a nation from scratch and actually have some freedom.

But having money I am starting to think I can just follow the path of so many other rich people and buy my freedom. Either by doing it in the US or doing it in another country where my money goes further and can buy off law enforcement and politicians easier than in the US.

No matter where I go in the world I am still not free of the US until I renounce my citizenship. They still extort money from me even living overseas. Musk has the right idea to find another planet.

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

How much of your labor needs to be taken away before you no longer consider yourself "free"?

[Ibian]

Hi Ibian

Can you describe for me the characteristics of your ideal society.  

In your ideal society, do children starve to death?

No, just people who are excessively Hairy. Everyone else are just fine.