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

[STT]

Literally who gives a shit. Point me to one person in the world who gives a public shit about some random spy that got caught doing spy shit.

If she is a bit of a hotty its common interest, same deal as last time.   Add in the whole gun debate thing and its probably a hot topic

I didn't quite agree with this chart so I made some changes.

[img]https://s8.postimg.cc/teidm923p/Drawing.png

I start off with the assumption that fiat will be considered as cash or checkbook money depending upon which of those two puts it in a more favorable light for a given question but knock off a point for fungibility because of the need to switch back and forth between cash and check book money in order to achieve this.

• first change to fiat fungibility mentioned above
• the original author put the cart before the horse on non consumability of gold, the main reason why gold is not consumed is BECAUSE of it's monetary status. If it became demonetized than it would become a consumable resource.
• checkbook money is very durable
• checkbook money is very divisable
• both cash and checkbook money are extremely difficult to counterfeit convincingly
• and of course the one thing that gold has that makes it even a contender in this race at all is it's 5000 year history of value. no matter how much you love crypto and hate gold you would be a fool to pretend that this isn't relevant

Gold has been used as sovereign money in living memory, it was used indirectly by most of the planet.   The Swiss used it even more recently then that and in response to their banks printing in line with ECB they had a vote to go back on the gold standard.   Its quite feasible gold will return as a sovereign currency somewhere, it shouldnt be listed as LOW then.

Even if not used in fixed standard, its been true for years now that central banks are buying in net.   Its pretty much the largest reason for a person to hold some themselves, this rising prospect of gold as a monetary reserve asset is quite realistic.  China I believe is avoiding spiking the price (buying up defunct mines with remaining reserves at the lower price is a smart move, same thing happens with coal or oil when the price moves that resource is viable again )but seems to realise its a requirement to balance their US treasury holdings.

Gold is used but only when required, rocket ships and supercars perhaps.  Its used very sparingly on computer circuits still, the really old computers used far more but technology used to cost alot more then now.
Most gold used is kept for luxury type spending, jewellery and in India its a form of exchanged reserve wealth in effect.  So thats 2 nations with over a billion people who consider it an asset, its obviously not being used now and Bitcoin is alot easier, quicker especially with tiny trades but Gold is more then viable it could become valued for that purpose of global trade/ reserve financial asset.

It would be 'Major' news if gold were used in a long term contract but to me that makes alot more sense then problems with LIBOR fixes in contracts.  LIBOR is actually being phased out, a recent story mentioned how new contracts were relying on something that wont even exist during the term of that contract hence a certain failure is being ignored currently.    The world like the tides is changing regardless of what people want, gold probably is going to be used for its property of being fixed inert and thats more probable the greater the change and volatility from long term alterations to major standards, like LIBOR or any other agreement.


BTC price is very close to the 7724 target downside and then may react from there.  Winklewoss bros must be a charismatic headline I guess, they are the next Facebook thats why they dont give up.  Or thats the story, we probably shouldnt want them to but I prefer stories on innovation and real usage

[1714133269]

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[1714133269]

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[somac.]

^
and the first 24hours ??

Im longing this, i gonna bet on a weekend pump.

Dont call me delusional  

That's the spirit

[infofront]

I just think it’s kinda cute how most of the Republican administration seems to be in bed with Russia.   Quite literally.  

It’s also fun to point out how many right wingers are traitors, prepared to sell democracy down the river for a few bucks.

I just hope all of us deplorable traitors can steer America away from socialism, lest we become a failed state like Britain.

Yep. All them social democracy countries just keep on failing.

https://en.m.wikipedia.org/wiki/List_of_countries_by_Fragile_States_Index

https://youtu.be/A9UmdY0E8hU

LOL

The criteria are bullshit created by statist commies so they can circle jerk about how great they've made their "social democracies". Here are some selected indicators of a failed state, according to that list, with my comments added in italics:

• Delegitimization of the state. - All states are illegitimate.
• Deterioration of public services. - AKA smaller government.
• Suspension ... of law; - We have way too many regulations anyway.
• High economic inequality. - Sounds like a functional, capitalist economy.
• Mounting demographic pressures. - Is this like Japan and China, with their rapidly aging populations? Or like Western Europe, which is intent on becoming one, large Muslim state?
• Uneven economic development along group lines. - Different gender and ethnic groups aren't identical? No shit
• Rise of factionalized elites. - Is there any country that doesn't have these?

Furthermore, if you can't see that Western Europe is in a slow-motion freefall, you need to look a lot harder.

[BlackMambaPH]

Poll forgot to add below 5000 USD and or Higher 11.000 USD. I suppose to vote higher 11.000 and above.

[STT]

Or like Western Europe, which is intent on becoming one, large Muslim state?

This doesnt rely on any national or political  policy exactly, Muslims have more children then the previous aging 'baby boomer' generations have had.   China doesnt have enough children, that demographic and economy will experience forced change and it dont matter they are communist or not they will have a lower working population.  Japan has great demographic failure, little growth is possible nationally and at present they export their labour requirements as a solution
Most of Europe has a birthrate below the existing population, France will switch over to a Muslim majority population at some point.   This is a self decided policy by every family, politics may have some influence but really its a free choice made.
I just see change is inevitable, nobodys opinion really can alter what is already in motion with such great inertia.  Demographics is the most reliable indicator because it cant be altered even by year, everything resulting now is from decades of change.   Part of the Bitcoin story goes back to the 1970's or earlier I think, we'd be below 1000 in different circumstances probably

[El duderino_]

Final pump by the end of next week.

then let it be an insane pump...... 

[El duderino_]

https://www.telegraaf.nl/video/2348937/bitcoin-met-waarde-van-100-000-euro-onvermijdelijk

100000$ btc or much more  unavoidable

Wow! In case you didn't notice, Wekkel have just sent you *50* Merits. That's bullish as fuck!

What do that news say?

P.S.: It looks like it is something like this:

'Bitcoin with value of 100,000 euros inevitable'
Yesterday, 4:30 PM in NEWS

The bitcoin will get a value of one tonne. That says Mike Hutting, owner of BTC Direct, in the weekly crypto update. Although there is also another, slightly less positive scenario possible for the Bitcoin.

You're close to 500, thats why. And fellows stick together. But less Telegraaf for now, please 

  very close indeed to 500 right now this was an ATH merit pump        now same with BTC and the weekend is set to go

with sticking together don't fotget to put in a priceshot down here     https://bitcointalk.org/index.php?topic=4710399.80

[Wekkel]

Final pump by the end of next week.

then let it be an insane pump...... 

I suspect $8,500-9,000 but of course I have been wrong before.... 

[El duderino_]

Final pump by the end of next week.

then let it be an insane pump...... 

I suspect $8,500-9,000 but of course I have been wrong before.... 

thats one of the nice things in BTC everybody is always wrong ..... eventually somebody's guess is right and then that guy is the hero for some @that moment and later on the new predictions of that same guy or just as wrong as all the rest ....
BUT just suspecting and thinking is fun on its own ....
so 8500-9000 final pump next week it is  would be nice and still the same for the hodlers, what price is doing right now or next month doesn't mean to much its just the longer term as everybody saying in here that's what where waiting for

[d_eddie]

The Motley Fool, too, suggests we might be in for a stock market crash.

https://finance.yahoo.com/news/favorite-warren-buffett-metric-tells-103400994.html

[Wekkel]

The Motley Fool, too, suggests we might be in for a stock market crash.

https://finance.yahoo.com/news/favorite-warren-buffett-metric-tells-103400994.html

Everyone knows a crash is coming. No one knows when. That's the name of the game.

[kaicrypzen]

like Western Europe, which is intent on becoming one, large Muslim state

France will switch over to a Muslim majority population at some point.

Just wondering where you guys get the data you are basing these conclusions on. (I'm implying that they are far from accurate .)

[d_eddie]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience. 

+1 WOsMerit.

[d_eddie]

I think the key to look for (I haven't been paying attention enough to the new ETF to know) is, if the CBOE is trying to change the rules in the same way that Winklevoss ETF did. Which they require some safeguards to manipulation according to their shit response.

They said that they would approve something with existing futures markets if "an ETP listing exchange...demonstrates in a proposed rule change that it will be able to address the risk of fraud and manipulation by sharing surveillance information with a regulated market of significant size related to bitcoin"

Is this what CBOE is doing?

The point is there is not yet a regulated market of sufficient size.  

Give it a couple of years.  Then moon.

I'm glad I can't run out of WOsMerits.
+1 for Hairy, again!

[Gyrsur]

like Western Europe, which is intent on becoming one, large Muslim state

France will switch over to a Muslim majority population at some point.

Just wondering where you guys get the data you are basing these conclusions on. (I'm implying that they are far from accurate .)

base might be the German movie "Unterwerfung" (EN: submission) which is based on the French novel "Soumission" by French writer Michel Houellebecq.

[El duderino_]

A new hope ?

https://twitter.com/BigRekts


EDIT: Yep.

Weekend pump in brother 

[josephpogi]

zorry boyz.
bear trap!
bullish!

[Phil_S]

Over $8100 again, nice.

[Gyrsur]

zorry boyz.
bear trap!
bullish!

[gentlemand]

Is anybody keeping track of price movements vs futures closing? That move was rather like clockwork.