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

[gembitz]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Aktivation occurring //^$20K then rocket up to $250K+ *speedbumps kaint faze me brah


weeeeeee

[mike4001_]

Bitcoin difficulty is again expected to increase by 11% in 5 days.

https://fork.lol/pow/retarget

So miners should be at a loss (maybe already or in 1-2 adjustments depending on unknow electricity + labour costs.)

Will be interesting if they will bring the price upwards somehow or just keep mining.

[Gyrsur]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

2019 will be the year of the failed ICO's.



EDIT: https://blockgeeks.com/guides/why-most-icos-will-fail/

[kirreev070]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

2019 will be the year of the failed ICO's.

It will hurt for many of us

[Last of the V8s]

https://news.sky.com/story/royal-bank-of-scotland-bankers-joked-about-ruining-us-housing-market-11473390

One senior trader noted in May 2006, that when compared to "the rest of [Wall S]treet... we do the least amount of diligence and kickout the fewest loans".
The underwriting of loans was summarised in October 2007 to a top trader as follows: "You can't get to these default levels without having every possible, you know, style of scumbag... it's like quasi organised crime... [F]acilitated by brokers... and just a lot of bad people... "

[reactorjuno]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

2019 will be the year of the failed ICO's.



EDIT: https://blockgeeks.com/guides/why-most-icos-will-fail/

Agree, ICO's will come to an end soon and it will be the best thing that happened to the crypto world.

[yefi]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

[afbitcoins]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

I didn't have police at the door but I did have the bank account closed, funds frozen without explanation happen to me. It really really sucked

edit: It was also Clydesdale bank

[HairyMaclairy]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

He is a 4chaner.   That’s reasonable cause right there.

Pro tip:  HSBC are mercenary and DGAF.

[realr0ach]

https://twitter.com/KunalDaSen/status/1029016530640625664

As much as a post like this looks like it might have some form of rationality behind it, it doesn't because it doesn't take the macro-economy into account AT ALL.  It's pretty obvious some type of dollar liquidity crunch followed by more Keynesian experiments (QE 4,5,6) will happen in the near future.  There's also people like Richard Koo who have firmly debunked that QE has any positive effect at all and will accomplish nothing, which is why they've been talking about things like "basic income" instead of QE, aka helicopter money.  

A curve like that cannot actually occur unless the base monetary unit is stable and not inflating or deflating, and we are on the verge of either complete deflationary collapse, in which that chart would take a dive off a cliff, or extreme, Volcker inflation.  It also sounds like unreliable data, but lots of people are claiming the "deep state" aka Jews are going to engineer a market crash in October to make Trump look bad for November.  There's lots of side evidence for this fact by having Zio-scum Jews like Bill Maher on his show literally telling people they need to crash the economy on purpose to destroy Trump.

[Last of the V8s]

https://skynet.co/
https://bitcointalk.org/index.php?topic=4641725.800
Is Skynet a scam.

[Searing]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

I didn't have police at the door but I did have the bank account closed, funds frozen without explanation happen to me. It really really sucked

edit: It was also Clydesdale bank

In 2013 the bank made an 'error' on my wire xfer to Sweden (they said 99,999.99 lol..it was 10,131.80 and I had proof) but jumping the gun

because in 2013 bitcoin was 'evil' (had a plumber come to do an estimate on bsmt also in 2013..he saw miners, I told him it was BTC miners,

he said and I quote "that's used for drugs right" ..never saw him again! lol)

So anyway, cleared it up with SEC guy on voice phone, showed the error, the banker went after me anyway about taxes, tossed down

revised taxes and told him to fuck himself...at that point, the SEC guy on voice phone said 'why am I here?' and hung up!

So the problem is, from what I can tell, Utilities like the electric company CAN raid your house on say, excessive use of electric and

get all your equipment..the catch is in that case it takes months to get back...a few guys had that nightmare also in 2013/2014.

I called my electric company saying I had 'server equipment' in the basement, and did they want to check it out (when they asked

on phone) as a result got winter electric rates because the lady, on my telling her how hot it got in bsmt, said 'oh, so is the majority

of your heat in winter electric? I looked at 'space heater' btc stuff and said 'yes, it is...so every winter get 2c knocked off electric....

anyway, the server equipment and offer to look, in my case worked...I assume if they ever would have sent an inspector it would have

been a laugh and 'nice try' and I woulda shrugged....but never went that far.

dumb and lucky sometimes works..but yeah, it can happen...not so much now...but back in the day it was common (utilities would

nark on folk ..thinking it was heat lamps for weed)

later

brad

[V1lpu]

[realr0ach]

Also, I'm getting tired of watching Trump being some crazed cheerleader for the organized crime Jewish banks and lying to people telling them it's the greatest economy in the history of the universe!  These Jewish crime rackets will and need to self destruct, so all he's doing is attempting to delay, delay, delay, until some rogue agency sets up a false flag attack to blame the debt based, fractional reserve system implosion on another actor like Russia or China instead of the Jews at the BIS, IMF, and places like Goldman Sachs and others taking the blame for it being a scam from the start.

[Searing]

https://skynet.co/
https://bitcointalk.org/index.php?topic=4641725.800
Is Skynet a scam.

beware of anyone saying he is a 'professor' ..that means crap.....a real 'professor' always just says Dr. in front of his name. Just saying.

[Elwar]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

I had that exact thing happen to me due to depositing 30k euro over the course of a year, transferring it to a bitcoin exchange.

[HairyMaclairy]

https://skynet.co/
https://bitcointalk.org/index.php?topic=4641725.800
Is Skynet a scam.

Let’s put 6 billion devices spewing data every second onto a distributed blockchain

[realr0ach]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

I had that exact thing happen to me due to depositing 30k euro over the course of a year, transferring it to a bitcoin exchange.

You guys sure are good at making bitcoin look like a giant scam by claiming the purpose is to "be your own bank" and then dumping all the bitcoins for fiat and putting the fiat into a bank.  You even failed the idiot test of converting shitcoins into green tinted, Jewish confetti instead of physical metals.

[Biodom]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Aktivation occurring //^$20K then rocket up to $250K+ *speedbumps kaint faze me brah


weeeeeee

Unless this is photosynthesis (maybe it is since there is a quant coming in), free energy of reactants should always be HIGHER than products for reaction to proceed spontaneously (especially in case of exergonic reactions). In case of endergonic reactions, extra energy is required.

One thing of note is that enzymes are known to reduce activation energy "bump" required to proceed.
Another thing is that IF free energy of product(s) is LOWER than reactants, then sometimes reaction could still proceed due to quantum tunneling (instead of bumping to overcome activation energy "hill", simply go through the "mountain").

In fact, the latter scenario is potentially viable for the whole universe to disappear IF we are not currently at the lowest energy state.
In such case, a "bubble" of "new vacuum" could appear and spread with a speed of light, literally annihilating current vacuum in its wake.
Thankfully, current calculations make this scenario not very likely to occur.
EDIT: thanks

[realr0ach]

In fact, the latter scenario is potentially viable for the whole universe to disappear IF we are not currently at the lowest energy state.

I think it makes more sense that the net energy of the universe is zero and the macro world is roughly the same as the quantum world exhibiting the same quantum fluctuation where matter pops up out of seeming nothingness but is destined to annihilate itself and return to the void to not violate conservation of energy, possibly repeating ad infinitum.  This makes the universe essentially a giant, reciprocating trash compactor that you have to figure out some way to escape/transcend from, although maybe not possible.  

Segue - people that claim the universe is a simulation so they're trying to to jailbreak themselves out of the sandbox (I think Elon Musk is one of these people...who knows).  If the universe is just a simulation, that would be entirely solipsistic, Descartes material where there would be no real reason for other actors to exist at all and the person that is typing this to you now would probably either be yourself, or an evil God that is trying to contain you, trick you, and prevent you from escaping.