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

[lightfoot]

Elon Musk smoking a joint...lol.

Hah. When he is photographed sucking nitrous oxide from Hefty Lawn and Leaf bags I will be impressed and welcome him to the club.

My friends tended to like Glad bags (don't get mad, get Glad!) but I prefer Hefty because they are tough enough to overstuff.....

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[Agapios]

Elon Musk smoking a joint...lol.

Hah. When he is photographed sucking nitrous oxide from Hefty Lawn and Leaf bags I will be impressed and welcome him to the club.

My friends tended to like Glad bags (don't get mad, get Glad!) but I prefer Hefty because they are tough enough to overstuff.....

I would not be surprised if we soon hear news "Musk just bought more Tesla shares"

[El duderino_]

Can you make something out of iT....?? Coming with matching wines offcourse First sauvignon is served as we speak

Poulet noir, huh ?  And langoustine with truffels ?

Living well I see.

this is how the poulet..... looked like however the yellowfin was the best dish of the evening (or maybe the wine 
.

BTW sorry for the shitpost but with the comment of last week and the DRINKING of this evening i just couldn't let it go

ALSO thx bob sending the last amount so i could have a little bit of fun but just gonna send it back ,the last load of your balls , remember when you are in belgium ... poulet noir is on me 

yeah as i told its just a show off to make sure my girl comes back to me  ( not really just a nice time before she go's ) we all now this..... if BTC would go on a LONG and BIG drop as it is doing last months i surely would take it out for dinner as well to come back @ATH.......

i already bought a DIP lately so i'm thinking should i buy even more @ this levels or be happy and wait if it drops more .....

[vapourminer]

.

dude.

why is there still wine in the glass in these pics??

you need to drink more, post less. as in less until youre really loaded. cant wait to see those posts and pics.

[Globb0]

Buy the dip, and the carrot sticks

[4rt3m]

[El duderino_]

dude.

why is there still wine in the glass in these pics??

you need to drink more, post less. as in less until youre really loaded. cant wait to see those posts and pics.

Diffrent dish diffrent wine colour my friend.... still gotta drive as well cause my GF is more weak to wine Etc as me ...... but feeling it pretty good @the moment
So we are finisht cause she needs to sleep little early
, flight and bag picking and shit .... (with all This posting i even didn’t saw BTC price anymore ‘weekend pump?’)

[El duderino_]

Nice boobs...I mean meal



I paid £4,000 for my girlfriend’s

4000£ ?? How Many BTC’s Where that @that time??

And Yes they are pretty Nice , and unpacked even much more Nice   

And @savetherainforrest 30k by NEWYEAR would be fine by me , start the engines and let out the BULLS please

[goldkingcoiner]

This thread is for speculation but so far all it has made me is hungry.... Anyone tried bluefin tuna sushi yet?

[HairyMaclairy]

Had a chat to someone involved in the CBOE futures.

He says that SEC not happy with market surveillance on physical markets and thinks they are all bucket shops.

Which we all know is true - fucking Bitmex and Bitfinex and HitBTC.  Even Kraken and Coinbase are shit shows.

We won’t get an ETF until we get higher quality Bitcoin exchanges next year (like Baakt and the Toronto Stock Exchange).  And those new exchanges are going to take some time to establish a track record of liquidity.  Which fits in nicely with the halvening time line.  The stars are lining up about a year out.

[HairyMaclairy]

[aaroque2003]

Had a chat to someone involved in the CBOE futures.

He says that SEC not happy with market surveillance on physical markets and thinks they are all bucket shops.

Which we all know is true - fucking Bitmex and Bitfinex and HitBTC.  Even Kraken and Coinbase are shit shows.

We won’t get an ETF until we get higher quality Bitcoin exchanges next year (like Baakt and the Toronto Stock Exchange).  And those new exchanges are going to take some time to establish a track record of liquidity.  Which fits in nicely with the halvening time line.  The stars are lining up about a year out.

Always remember, BTC doesn't need the SEC with their ETF, they are the ones that NEED BTC.. 

[Biodom]

Had a chat to someone involved in the CBOE futures.

He says that SEC not happy with market surveillance on physical markets and thinks they are all bucket shops.

Which we all know is true - fucking Bitmex and Bitfinex and HitBTC.  Even Kraken and Coinbase are shit shows.

We won’t get an ETF until we get higher quality Bitcoin exchanges next year (like Baakt and the Toronto Stock Exchange).  And those new exchanges are going to take some time to establish a track record of liquidity.  Which fits in nicely with the halvening time line.  The stars are lining up about a year out.

lol, I am sure that they are happy with ETFs like these:

https://finance.yahoo.com/quote/UNG?p=UNG&.tsrc=fin-srch
or
https://finance.yahoo.com/quote/USO?p=USO&.tsrc=fin-srch

f-g robbery, but I really don't care much as I never bought them.

As a tactic, I would go long physical BTC ETF and would short futures based one.
This is the way to go.

[HairyMaclairy]

Meltem Desmirrors on not being a shitcoin

https://www.slideshare.net/mobile/slideshow/embed_code/key/Gg29RYRd17mM5u

[PoolMinor]

Totally spitballing here, but this sort of resembles September 2015, right before we doubled by November.

Just spit-balling here....
What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales


And which are the most predictable events or follow a pattern? And if we could conclude one of these is the actuality, does the above statement ring true?

[BlackMambaPH]

This the real reason why all altcoins going down. https://www.coindesk.com/are-big-token-sales-really-over-at-republic-event-many-think-so/

[JayJuanGee]

Despite being a New Zealander, I like this guy.

Craig as useful idiot? Sounds about right.

https://www.youtube.com/watch?v=_OPCVeo1u20


(edit - around the 44 min mark)

Holy Moley  7 hours of video.  I am glad that you highlighted that the part that you are interested in is at mark 44 minutes.

Currently, I am playing this video in the background to attempt to see if there is anything interesting here.  Several of the comments below the Youtube video suggest that the video could have been boiled down to 20 minutes... Let's see?  I will likely make a subsequent comment whether I listen to the whole video or give up at some point in the process.  So far, 10 minutes into the video, which is merely the introduction for what we are getting into...


Edit:

I got through 2 hours of the video, and I don't think that I can watch anymore.  I am NOT open minded enough to believe that this guy could possibly be Satoshi.  His explanation regarding his motives for supposedly creating bitcoin, and his description of his own personal experiences seem quite lacking - especially regarding the creation of the incentive structures that seem to be intentionally built into bitcoin and his seeming inability to clearly and concisely describe his personal motivations (if he were actually satoshi)... It just does not add up for me.

[HairyMaclairy]

Totally spitballing here, but this sort of resembles September 2015, right before we doubled by November.

Just spit-balling here....
What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales


And which are the most predictable events or follow a pattern? And if we could conclude one of these is the actuality, does the above statement ring true?

In the medium to long run, organic supply and organic demand, best described as adoption and scarcity in your terminology above.  Relevantly Hodl is a form of adoption.  The other factors can only shape velocity and direction temporarily.

Having the best technology is helpful but not determinative.  The best technology loses the fight all the time eg VHS v Betamax.  

Network effects (Metcalf’s law) are brutally important in internet technologies and this where Bitcoin has its real edge.  

[HairyMaclairy]

 An opinion piece arguing that tethers systemic risk to bitcoin is overstated.

https://medium.com/@sylvainartplayribes/tethers-hold-on-bitcoin-s-liquidity-a-risk-assessment-c677c9eb5c3c

[JayJuanGee]

For the record I am fine with the price going either direction,
[...]
 since my cost average is still zero (I have gained more dollars than my investment and still have coins left).

I am pretty sure that I understand what you are saying here, which is that you have already pretty much pulled out all of the amount of your principle (the amount that you invested); however, with such a great investment like bitcoin, to me, it does come off as a bit lazy for anyone who presumes to be knowledgeable about bitcoin to be just floating around in the space with assertions of "zero costs" when the BTC price has gone from $250 to $19,666 and back down to a bit below $5,800 (so far).  Accordingly, there seems to be a lot of potential (and activism potential) there that is being glossed over, if you are merely asserting "zero costs" without attempting to get into either more specific measures of your investment situation or creating a more active (and perhaps aggressive) BTC investment approach.

i take it exactly as it looks, once your initial investment pays out in the tangible assets (money, physical items of worth, knowledge, whatever) its all gravy. i would think (hope) most people in this thread are in this category, ie playing with "house money." at this point even if my stack goes to zero the minute i type this i still made out.

now, one can always argue about lost profit opportunity from this point on, buts thats another animal to me.

Probably we think differently about this matter.

From my own history, I had never considered myself to be greedy in the pursuit of money, and that had not been a motivation of mine when it came to my life/career goals.  However, once I reached adulthood, and I moved out on my own, I realized that I had to support myself and I had to have a cushion in my budget.  My own pride and desire for self-sufficiency caused me to not want to go back to my parents for any reason to get a loan or to ask them for money - even though I am pretty confident that they would have provided me such a thing.. Therefore, I always thought that I needed a cushion, and therefore, I always considered that I had to monitor my system and approach to investing, to live within my means and to keep a certain aspect of my investment portfolio profitable. 

Part of my point in my above response is to suggest that in my own view and opinion, it is NOT enough for me to merely assert that "I got my principle back and I am 'in profits' " and I continually want to know more about my performance than those kinds of mere simplicities.  I don't necessarily expect others to carry out the same as me, but I still will question if anyone who seems to be asserting that it is enough data for them to conclude that they are "in profits" and they don't want to engage in further self-improvement. 

I am NOT referring to standards that are imposed on anyone from the outside but merely about standards that are imposed on oneself in his/her own aspirations and monitoring of his/her own progress.  I actually tend to resent when standards are imposed on me from someone else or someone suggest that I need to do x, y or z, but it does not seem unreasonable in my thinking to attempt to impose standards upon yourself and to attempt to monitor whether I am reaching my standards.. and that is part of the purpose of continued analysis rather than merely throwing up ones hands and asserting "I am in profits because I got my principle back."