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

[El duderino_]

Since the price is down and there’s panic in the air, I thought I’d revisit my convictions in hopes it may help someone in whatever way.  

BTC is an act of resistance and resistance entails suffering, it requires self sacrifice and excepts that it may be destroyed. Bitcoin is not about happiness or money, it is not rational, it’s about freedom.  For me bitcoin is almost a religious experience in a way that I achieve a personal peace knowing I resist evil. Namely the 1% who seek globalization of corporations through capitalism. In today’s world it is abundantly clear that capitalism consumes immeasurable amounts of life from the bottom up leaving slavery and destruction in its wake.  It is destined to implode with the absence of new markets to feed from and drag the majority into debt and despair.  Bitcoin is the only idea I’ve seen which by design attempts to correct economics out of balance.
Until a time where bitcoin no longer serves to liberate, I #HODL

Going to HODL with you and intended to never sell over 50% of my holdings

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[vapourminer]

We choose to go to the moon. We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.

give that speech today and 90% of the usa population would just give a blank stare and complain that people need more handouts and free stuff.

man im glad i grew up when the usa had people with balls and dealt with reality, not snowflakes that need special rooms to go cry in when something happens they dont like.

[El duderino_]

NOT DENIAL PHASE

True hodlers are just been drilled over the years already

Nothing NEW is happening (always F***ed up time, but for those that accumulate Some BTC, yeah those Will laugh and again be thinking of these weeks after BTC hitting 5-dig and ATH’s ....)

[realr0ach]

Far from mission accomplished? Almost 50% crash in less than 2 weeks is not a capitulation? Come on, this crash was even more aggressive than the 2015 one.

Did you ever take this scenario into account?

[El duderino_]

via Imgflip Meme Generator

TROLL feeding the UPPERTROLL

*its a nocoiner thing?*

[realr0ach]

Am I being dumb here?

Yes, all the people who think bitcoin can go to $100k+ after one more halving are extremely dumb because price trends towards cost of production, so they're saying the equivalent that bitcoin will use more power than the entire United States probably.  I didn't do anything beyond napkin math, but $100k bitcoins with only one more halving would be LOL amounts of power consumption.

[peachcoco]

I really don't believe the fud about hitting 2k, fudsters are out in full force trying to get everyone to dump their coins on the cheap.  I believe bottom was already hit and we will never see those lows again.  There is just too much uncertainty in government currencies for bitcoin not to keep growing.

Honestly I thought the market was more mature for this type of drop to occur.  Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

I can't post pictures without a merit?

[LFC_Bitcoin]

via Imgflip Meme Generator

TROLL feeding the UPPERTROLL

*its a nocoiner thing?*

50 Merit’s for that?
If that isn’t Merit abuse then I don’t know what is!

[realr0ach]

Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

And those billions of dollars created a temporary, pseudo cost of production floor of around $3k.  Then after an extended bear market hits, many of them will go bankrupt like KNC did, and the temporary price floor will decrease lower. Best case scenario all miners mine at a loss and buy coins that go below their cost of production (not very plausible but whatever) and $3k floor holds.  Worst case, more plausible scenario, lots of big miners go bankrupt like they've always done and price floor drops to something like $2k, $1k, or lower.

[ivomm]

Big crash, my ass! Look at the books in BFX - 20K BTC in buy offers till $2500 vs only 5KBTC till $5300. At the same time SV is pumped - versy suspicious. I guess CW sold every BTC he had just to give 1  more day life of his shitcoin before it dies forever! Now, we are in a very good starting position. Weak hands were robbed and big trio scammers - Ver, Wu and Wright is out of Bitcoins. No need to be a prophet to predict that a bull run is imminent. I can't wait to get my salary next week to buy some more!

[LFC_Bitcoin]

Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

And those billions of dollars created a temporary, pseudo cost of production floor of around $3k.  Then after an extended bear market hits, many of them will go bankrupt like KNC did, and the temporary price floor will decrease lower. Best case scenario all miners mine at a loss and buy coins that go below their cost of production (not very plausible but whatever) and $3k floor holds.  Worst case, more plausible scenario, lots of big miners go bankrupt like they've always done and price floor drops to something like $2k, $1k, or lower.

r0ach, your ‘expertise’ really would be much more suited to precious metals forums. Go forth & spread your wings!

You’ve done all you can do here!

[El duderino_]

via Imgflip Meme Generator

Lol game across an ibian section while shopping
Cool stuff

[El duderino_]

Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

And those billions of dollars created a temporary, pseudo cost of production floor of around $3k.  Then after an extended bear market hits, many of them will go bankrupt like KNC did, and the temporary price floor will decrease lower. Best case scenario all miners mine at a loss and buy coins that go below their cost of production (not very plausible but whatever) and $3k floor holds.  Worst case, more plausible scenario, lots of big miners go bankrupt like they've always done and price floor drops to something like $2k, $1k, or lower.

r0ach, your ‘expertise’ really would be much more suited to precious metals forums. Go forth & spread your wings!

You’ve done all you can do here!

I do have to say that meme about me from roach.... the one with me in the Mcdonalds suit... i thought it was hilarious

[Kylapoiss]

I really don't believe the fud about hitting 2k, fudsters are out in full force trying to get everyone to dump their coins on the cheap.  I believe bottom was already hit and we will never see those lows again.  There is just too much uncertainty in government currencies for bitcoin not to keep growing.

Honestly I thought the market was more mature for this type of drop to occur.  Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

I can't post pictures without a merit?

You seem to be a reasonable guy, so I took your merit virginity.

[El duderino_]

^
Cool HAT

BULL images are needed

[BitcoinTurk]

Oh, I am going to do one thing before I sign off for now. Since most people are off work/school today because it’s the weekend, and there should be more people on line than during the week and I have too much merit laying around, the next 5 people to respond to this thread get 30 merit.

Hello there!

[El duderino_]

^
Haha lol

[Kylapoiss]

^
Cool HAT

BULL images are needed

Oh yeah, changed my hat so we can turn this shitty market sentiment around. I still see my old one though.

[LFC_Bitcoin]

Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

And those billions of dollars created a temporary, pseudo cost of production floor of around $3k.  Then after an extended bear market hits, many of them will go bankrupt like KNC did, and the temporary price floor will decrease lower. Best case scenario all miners mine at a loss and buy coins that go below their cost of production (not very plausible but whatever) and $3k floor holds.  Worst case, more plausible scenario, lots of big miners go bankrupt like they've always done and price floor drops to something like $2k, $1k, or lower.

r0ach, your ‘expertise’ really would be much more suited to precious metals forums. Go forth & spread your wings!

You’ve done all you can do here!

I do have to say that meme about me from roach.... the one with me in the Mcdonalds suit... i thought it was hilarious

Mic, I laughed (in a good way). Hey, not laughing at you, it will be me too
I nearly Merited him but decided not to

Oh, I am going to do one thing before I sign off for now. Since most people are off work/school today because it’s the weekend, and there should be more people on line than during the week and I have too much merit laying around, the next 5 people to respond to this thread get 30 merit.

Hello there!

Only 7 weeks late bro ha

[El duderino_]

Billions of dollars have been spent on mining facilities and building power sources specifically for the mines.  

And those billions of dollars created a temporary, pseudo cost of production floor of around $3k.  Then after an extended bear market hits, many of them will go bankrupt like KNC did, and the temporary price floor will decrease lower. Best case scenario all miners mine at a loss and buy coins that go below their cost of production (not very plausible but whatever) and $3k floor holds.  Worst case, more plausible scenario, lots of big miners go bankrupt like they've always done and price floor drops to something like $2k, $1k, or lower.

r0ach, your ‘expertise’ really would be much more suited to precious metals forums. Go forth & spread your wings!

You’ve done all you can do here!

I do have to say that meme about me from roach.... the one with me in the Mcdonalds suit... i thought it was hilarious

Mic, I laughed (in a good way). Hey, not laughing at you, it will be me too
I nearly Merited him but decided not to

Oh, I am going to do one thing before I sign off for now. Since most people are off work/school today because it’s the weekend, and there should be more people on line than during the week and I have too much merit laying around, the next 5 people to respond to this thread get 30 merit.

Hello there!

Only 7 weeks late bro ha

Really understand if you would merit that.... the tattoos the name it was hilarious