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

[Febo]

This should pump up the price of BTC pretty fast when those who are wanting to buy this petro coin are needing bitcoin to do so on Nov 5.
https://www.reddit.com/r/CryptoCurrency/comments/9kzzgv/due_to_hyperinflation_venezuela_goes_full_on/

Man that coin is full on shit coin.  I hear gazilion news about it for a year and all I know is that is or will be issued on NEM.  I can check 999 coins how are issued where and where are traded and at what price are traded and I never heard of them. Of Petro I heard so many times but zero useful information. Zero.

It is really sad that first country that decided to give crypto a try did it so unprofessionally.

Maybe Petro is an utter bleepcoin and its prolly a bad investment but I will use it to send money to my girl there in Venezuela cos she's stuck there for two months already getting her papers done. Currently I'm using BTC for that but the rates on the street are total ripoff with 10-20% fees when buying or selling, they say that's because of hyperinflation and traders have to protect themselves with high fees. If Petro gets listed on any decent exchange I'll be able to send her money instantly without being robbed extra 20%, simply don't care what will be its price when buying cos she can use it there immediately, in a country hit by hyperinflation that's a blessing, as well as the fact that Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

You missed my point.  My point was why the fuck all this announcements and pre announcements of an announcements and no real datas and stats and facts. Yes of course I would love to see they succeed. But as it looks to me right now and I might be totally wrong, they copied the worse possible way to make a shitcoin. 

[d_eddie]

(snip)

Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

Right, but I can already hear the choir of bankster FUD.

"See what they got to? That country began going to the dogs the day they revoked concessions to the big corporations, and it was downhill from there. Now they even lost control of their own money. It's going to be a hemorrhage, I tell you. See that we never get to that!"

The moment it is evident your word is worth NOTHING no one will ever trust you anymore. The moment Venezuela started expropiating corporates and revoking concessions no one would invest any single penny on it. That's not a case of bankster FUD, it's just reality... would you invest in Venezuela?

Petro will go NOWHERE. Remember it is not exactly a decentralised crypto... it is controlled by the Venezuelan government. So much for trust, uh?

I agree with you word for word, and of course Petro is not your typical crypto.
I wasn't defending Venezuela, though. It's undefendable in its current predicament.
My point was that I doubt there will much bankster worry.
The FUD bit is when the choir goes "see that we never get to that!" - with a hint at stricter crypto controls.

[Aby Normal]

(snip)

Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well

Right, but I can already hear the choir of bankster FUD.

"See what they got to? That country began going to the dogs the day they revoked concessions to the big corporations, and it was downhill from there. Now they even lost control of their own money. It's going to be a hemorrhage, I tell you. See that we never get to that!"

The moment it is evident your word is worth NOTHING no one will ever trust you anymore. The moment Venezuela started expropiating corporates and revoking concessions no one would invest any single penny on it. That's not a case of bankster FUD, it's just reality... would you invest in Venezuela?

Petro will go NOWHERE. Remember it is not exactly a decentralised crypto... it is controlled by the Venezuelan government. So much for trust, uh?

Unfortunately Venezuelan people as well as all other people in the world are obliged to use theirs official national currencies in their everyday life, of course its not decentralized nor it has any tech innovation, but at least they will be able to use CRYPTO for theirs everyday activities, millions will be paying bills and buying stuff with Petro since getting cash in fiat money there is really pain in the ... loses value between the time you earn some money and spend it, real problem of everyday life there that could be solved if Petro survives the bankers intervention which will surely come in all kinds of FUD and even the military intervention is not excluded if Petro becomes a danger for them...

[kirreev070]

Postcard from the future

[Last of the V8s]

Bzzt-ping!


This is a test of the Sovereign Bitcoin Price Alarm System.


No action is needed.



 

[Phil_S]

Russian oligarch's trophy wife, I would hazard a guess..?

They'll publish her name eventually, as it seems they want to make an example.

The point is, it might affect some of us in the future, as £50,000 is not that much.

I guess the lesson here: sometimes it's better to rent expensive things instead of buying them.

[xhomerx10]

Ok. It's official.

I'm drying myself off for a bit.

With any luck, I shed 5 lbs of bloat in the next 7 days.

... and more importantly, Bitcorn heads towards $7k USD.

Sheeeit 

 Then it's better for all involved

[Torque]

OT : Scary article about the corporate bond market.

https://www.businessinsider.com/goldman-sachs-exec-on-corporate-bond-market-worry-2018-10

Have we (they) learned nothing??

Go Bitcoin go!

[Last of the V8s]

https://www.youtube.com/watch?v=cidZRD3NzHg George Gilder: Forget Cloud Computing, Blockchain is the Future
~transcript for d_eddie https://www.hoover.org/research/george-gilder-forget-cloud-computing-blockchain-future

Gilder argues that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. Improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place. Gilder points to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
Gilder also discusses the history of technology, artificial intelligence, and the revolutionary bitcoin. He argues that artificial intelligence can never replace human intelligence and creativity and that in principle, it is impossible for machines to take over.

[Icygreen]

The really amazing part of the Petro is that for the first time an entire nation will learn crypto oriented currency. Boom or bust, this is likely to be a noteworthy turning point in financial history.  

[d_eddie]

https://www.youtube.com/watch?v=cidZRD3NzHg George Gilder: Forget Cloud Computing, Blockchain is the Future
~transcript for d_eddie https://www.hoover.org/research/george-gilder-forget-cloud-computing-blockchain-future

Gilder argues that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. Improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place. Gilder points to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
Gilder also discusses the history of technology, artificial intelligence, and the revolutionary bitcoin. He argues that artificial intelligence can never replace human intelligence and creativity and that in principle, it is impossible for machines to take over.

Thanks for the usual impeccable scouting, and for the personal touch of a transcript 

"Blockchain as the technology of the future" though? That is almost right, but not quite. I think it's more like "bitcoin as the money of the future".

[HairyMaclairy]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

[pönde]

The really amazing part of the Petro is that for the first time an entire nation will learn crypto oriented currency. Boom or bust, this is likely to be a noteworthy turning point in financial history.  

Since the Petro is a centralized government coin, it could be printed out of thin air like fiat, so I would not really hold much of them as a storage of wealth.

But it is interesting the way, that I could use it, just like Bitcoin, to purchase some stuff from Venezuela. And the banks can do nothing about it.

[pönde]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Well that just means that Petro has some functionality.

What would happen if White House applied the same rules for Bticoin?

[Last of the V8s]

"Blockchain as the technology of the future" though? That is almost right, but not quite. I think it's more like "bitcoin as the money of the future".

Yuh his whole thesis is very curate's egg, but notbad for an older bloke.

Peter Robinson: I just want to make sure I heard this right. You just called Larry Page and Sergey Brin, these geniuses who in 20 years have gone from zero to a company with a market cap of 870 billion at market close yesterday. You just called them delusional. I heard that right?
George Gilder: Yep. There are a lot of delusional, brilliant Marxists in the world.

[Last of the V8s]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Well that just means that Petro has some functionality.

What would happen if White House applied the same rules for Bticoin?

They get fucked in the ass by the biggest green dildo ever. Fact.

[pönde]

Don’t touch the Petro unless you are willing to risk being accused of violating US sanctions

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Well that just means that Petro has some functionality.

What would happen if White House applied the same rules for Bticoin?

They get fucked in the ass by the biggest green dildo ever. Fact.

 

Lets start promote US sanctions for Bitcoin? Anyone has any good Blueprint for that?

[Last of the V8s]

https://medium.com/@Danschilltz/on-triffin-and-money-and-ideals-and-games-and-the-fed-8b7e67871c0c
again with the patchy, but very informative  x2
https://einzelgaengerinmotte.wordpress.com/2018/10/02/consent-and-consensus/

[El duderino_]

[infofront]

Ok. It's official.

I'm drying myself off for a bit.

With any luck, I shed 5 lbs of bloat in the next 7 days.

... and more importantly, Bitcorn heads towards $7k USD.

Sheeeit 

If we kick off another epic bull run within the next week, you won't be able to drink for a long time though.