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

[Hueristic]

A chance ?

https://twitter.com/BigRekts/status/1047654528965922816

One of those "Ask and Ye Shall Recieve" deals I see.

[infofront]

[JayJuanGee]

^
with jjg i try my best with english....  
but learning and learning BETTER AND BETTER

THATS what BTC is given me , a better currency, english lessons, computer skills, security skills etc.... haha

( sometimes when i'm @ a friends place and making a post he correct my writing.... ,getting lessons from everybody these days) micgooss is @ learning stages

my GF also always complaining with my english writing, so pffff gotta do my best and improve on that.

also you've acquired subtle pastiche skills of his waffly meaningless drivel

Speak 4 u r selfie, V8, u selectively judgemental fuck.

[HairyMaclairy]

It’s not a capitulation until everyone despises everyone else

[JayJuanGee]

Still, (I think) Bitcoin was not meant as a way to evade tax or capital controls but to be your own bank by having direct control of your money.

BTC might initially have had those former uses, but is steadily moving away from its experimental past, and that is a very big positive.

Regulations treating BTC as a mainstream asset, including AML and institutional KYC, are already essential at the fiat interface, but the treatment of transfers in crypto alone are a different question.

On one level, regulations about crypto transfers are defacto recognising it offically as money. That may not be a route that monetary authorities want to go down at present.

In most juristictions, all valuable assets are required to be registered in some way,and that usually is a positve in terms of ownership law and security. If BTC is outside that system it will always have a deficiency in terms of adoption and mainstream recognition.

I would envisage BTC and some other cryptos eventually coming within all of that, with most others remaining in the grey zone ,with the concomitant freedoms and also drawbacks of that status.




Surely the primary facet of cryptos (and the one for which BTC was born) is to provide a parallel monetary store and exchange system, as a refuge from the eventual insolvency of the current fiat regime ?


Over the long term, the free market should decide whether that is a worthy, recognised or necessary function.

You eloquently make a lot of great points here, and I would emphasize that bitcoin will likely continue to serve as a kind or free market experimental case in that due to its proclaimed (and seemingly practiced decentralization) it remains the most difficult to change, and therefore, peeps are gonna have to adjust to bitcoin, rather than the other way around, and therefore peeps gonna identify use cases and gravitate into various use cases that bitcoin provides (and will continue to provide and develop) and some of those use cases are foreseeable - and others may involve a few battles, and perhaps adjusting and yielding that comes from status quo institutions rather than from bitcoin, though some of the degree of adjusting is yet to be seen and might be subject to battles that are difficult to perceive, exactly, in this moment (as we type our anticipations and predictions).

[JayJuanGee]

It’s not a capitulation until everyone despises everyone else

Working on it, you fuck!!!

[HairyMaclairy]

It’s not a capitulation until everyone despises everyone else

Working on it, you fuck!!!

Fuck your mother if you want fuck

[JayJuanGee]

It’s not a capitulation until everyone despises everyone else

Working on it, you fuck!!!

Fuck your mother if you want fuck

Bringing it back to crypto... hahahahaha

(at least Bitmain, if that counts?)

[vapourminer]

It’s not a capitulation until everyone despises everyone else

can i just despise myself and call it even? been a long day

[JayJuanGee]

For what it is worth, here is the current chart I use for trading.

Thanks.

IMHO the action becomes weaker and weaker, clearly visible on the 4hr chart, and with momentum to the downside increasing. Not necessarily a shit show yet but the bulls seem to momentarily loose the bigger momentum.

If the leg up from $6,424 does not surpass previous short term high (about $6,550), there is more pain to come.

Your conclusion:   Bulls are losing the BTC price battle because price has been failing to rise.   OMG.



Do you recall 2015?  Largely, BTC price failed to rise for more than 9 months, but that phenomenon did not mean that bulls were losing that BTC price battle, but instead that the bottom was in and bears could not push the price any lower, which ONLY left UPPITY as the direction of least resistance.  And we saw the evidence in retrospect, correct?  And we did not really realize that we were out of such situation until Mid-2016, and some folks were not really convinced until late 2016... sucks to have been those kinds of doubting thomases, just like it is going to suck to be waiting and waiting and waiting currently for a down that ends up not happening.   

[jojo69]

It’s not a capitulation until everyone despises everyone else

fuck you Hairy

[JayJuanGee]

I'm afraid once fiat conversion is unnecessary, they'll move the tracking to the actual goods, as they're already doing for assets with substantial value, e.g., cars, real estate etc - as pointed out several times in recent posts.

Likely tracking varies from state to state, and willingness of parties to be private with their "important" aspects of their transactions.

Of course, licensed dealers and licensed estate agents are going to have less flexibilities than individuals engaging in private transactions and the extent to which individuals are ready, willing and able to take measures to keep "important" aspects of their transaction(s) private.

[bones261]

Eat everybody! 

[JayJuanGee]

via Imgflip Meme Generator

  LOL ,BCH what a Joke......

Largely, I think that the described terms of the proposed Song/Ver bet (from earlier today) are fair, yet I believe that the bet would be more fair and unambiguous if the median average period for either BCH or BTC to be lower than 200 to 1 should be for a period of 90 days rather than 30 days.

[Paashaas]

Lightning integration in Electrum.

https://www.bitcoinwednesday.com/speakers/thomas-voegtlin-founder-ceo-electrum

[JayJuanGee]

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/

Coincidentally the same date that Bakkt launches its BTC product.    I have a decent amount of skepticism regarding whether the Petro will be in any kind of meaningful demand, even though it seems to be a decent experiment in order to attempt to figure out how such a product is going to be received by markets.

[JayJuanGee]

TBH brutally honest, I'm finding drinking is a total de-motivator. Can't get anything productive done 'cause I'm just too zoned out and depressed. Can't leave the house to go driving anywhere for obvious reasons.

Trying to work on passion-projects and feeling I should be "further along" with producing material in my retirement so far.

My list of projects to tackle is starting to get backlogged, and the drinking isn't helping.

KnowwhatImean ?

Well, keep drinking.  That should help.  

It’s not a capitulation until everyone despises everyone else

fuck you Hairy

Fuck you jojo.

And double-fuck that JJG guy. I hate him so much I blocked that fucker.

infofront, fuck you, for no reason in particular.

You are wonderfully likeable Bob, you blob.   

[elrippos friend]

Yeeaaaahhh, Monero rising 

Good comedy screwed up with alt coin pumping.  Shame on you, elrippos friend!!!!!   

Dear JayJuanGee, go fcuk yourself 

Shame on you, elrippos friend.

Failure and refusal to acknowledge, admit or feel bad about your off-topic shit coin pumping behavior. 

Dear JayJuanGee, you honestly believe there is no alternative to BTC and calling me? WOW!

[elrippos friend]

one of the so many predictions..... let it come

Nice idea, but more then 15.000.000,00-/BTC would be quite interesting 

[JayJuanGee]

Yeeaaaahhh, Monero rising 

Good comedy screwed up with alt coin pumping.  Shame on you, elrippos friend!!!!!   

Dear JayJuanGee, go fcuk yourself 

Shame on you, elrippos friend.

Failure and refusal to acknowledge, admit or feel bad about your off-topic shit coin pumping behavior. 

Dear JayJuanGee, you honestly believe there is no alternative to BTC and calling me? WOW!

What the fuck you talking about?  Is monero pumping a subject of this thread?