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

[LFC_Bitcoin]

https://twitter.com/btcking555/status/1070068239542206465

BTCKING555 @btcking555
 11m 11 minutes ago

We got leak of Bitmain Q3 numbers! COMPLETE DISASTER. The company lost $740 Million including losses on inventory and bitcoin cash! And this is not accounting for hash war costs! #bitmainipo @HKEXGroup

Fucking fantastic. Time to switch off the BCH & BCHSV shit show. Stick to BTC Jihan, you fucking cunt.

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[El duderino_]

Yellow vests say:

XhomerX needed for inspection

[BTCMILLIONAIRE]

In my opinion, there are very major fuck-ups on the horizon.

The Interest rate hikes will blow up everything. The whole system will collapse. Banks won't be able to provide cash. People will lose all their savings in banks.

If they don't raise the rates, It will be hyperinflation then. The whole system will collapse anyway. This time asset prices will do full moon. GOLD= $10k. A loaf of potato = $50. People will die of starvation.

They can't pick their poison.

Banks will go poof!. People will panic. People will seek a mobile asset which they can spend easily which is also a store of value. That's not gold because it is not mobile.

We all know what it is.

BTC will be $100k, maybe even $250k but it will also bring a world war along with it. Then partying in Amsterdam won't look like a bright idea.  

How about we go to $1m and buy one of Musk's rockets. Fill it up with all the good shit (like the entire internet on hard drives, everything needed to have a wide selection of gourmet grade food, and tons of booze/weed and a selection of mind-altering substances). Then relocate to Mars and call it planet Bitcorn.

[El duderino_]

in BTC i think i HATE a fake bottom the most 

[Toxic2040]

we are not alone

DJI down over 800 points..its a blood bath for legacy markets. Bitcoin hodl'ing well so far.
1h
-img snip-

hmm you're right of course, btc held like a boss so far.
but it looks very doomy now.
doesn't it?

That depends if this is "the bottom" or not..  So far we have been respecting the -0.618 fib retraction area that is in green here. We broke downward below that and then tested support below and around it strongly for some time. Then corrected upwards strongly in a nice organic fashion and now appear to be in a mid wave oscillation during what could be called the "rebound". However..if all of that is untrue and we break below that -0.236 fib that is in purplish..well.. Then we will go lower and test $3.5k and most likely $3k. I am going to keep doing the only thing you can do in such markets..  Buy the dips..and keep accumulating more coin.

30m

#dyor

[BTCMILLIONAIRE]

https://www.bloomberg.com/opinion/articles/2018-12-03/u-s-yield-curve-just-inverted-that-s-huge
https://twitter.com/charliebilello/status/1069947580925255682
To a man with a bearish outlook, every yield curve inversion looks like an imminent recession. Anything could happen, of course, but yield curve is a long leading indicator, often takes time before recession begins. (avg lead time since 1956: 14 months using 10-yr & 1-yr).



I said that^

Fingers crossed crypto will have inversely correlated cycles.

[Last of the V8s]

ty toxic #accumulate

https://www.longhash.com/news/short-take-grayscale-continues-to-buy-btc-now-owns-over-1-of-circulating-supply
scuse me while i puke

[Torque]

OT: The stock market action this year and the MSM "narrative" around it is hilarious.

There is no sell off. This whole year has been an "engineered correction." When the U.S. Congress passed the corporate tax repatriation bill in 2017, are people really so stupid as to think they'd immediately start mega stock buybacks in the first quarter of 2018 when stock valuations were sky high? Lol

Look for stocks to start climbing again next year....once they finish buying the bottom they shorted and created.

[BTCMILLIONAIRE]

Not only do I not drink alone, I actually pour out my drink if the last person left. I'll never be a Alchy luckily even though I love to get smashed when i do drink.

Statistically speaking you probably still drink more than me. I prefer the herb. Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.

[Torque]

Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.

Anything in particular that you'd recommend? I'd like to up my whiskey tasting game a bit.

[PoolMinor]

Gratefully quiet in here now.
Stay strong Bob, FWIW I hope you stick around.


[img height=20https://i.postimg.cc/0NSYnXng/quiet.png[/img]

JFC! Why would someone have d_eddie on ignore??

That was my thought as well.

In retrospect I believe I put them on ignore because they were being extremely chatty with JJG one day and I was tired of seeing walls of texts/rebuttals. No offense d_eddie.
They are now un-ignored.
Carry on.


-PoolMinor

[jbreher]

Of course, the rules for student loans, including eligibility and interest rates vary with time, but generally speaking there is a certain level of publicly subsidized loans that do not bear interest until after graduating or other qualifying conditions.

Piggybacking on this discussion...

Currently, 9.1% of student loans are delinquent by 90 days or more. This is an 'asset class' (to the makers) of over $1.6Trillion. Size of junk mortgages in 2007? About $1T.

Ponderate upon this: what happens when those bad student loans go totally tits-up? <mr_rogers_voice>Can you say financial crisis? Sure. I knew you could.</mr_rogers_voice>

I would not get too preoccupied with blaming benefits that go to more regular people as compared to bank bailouts and bullshit like that. 

I think your ponderationin' organ may be able to do with some calibration.

 Those home loans circa 2007 were made to everyday people as well. When they went in arrears, it was mom and pop on street left holding the bags while the fat cats got bailed out. What makes you think it would be any different when student loans are defaulted upon in mass quantities?

[DireWolfM14]

Whisky...

recommend?

Ah, a topic close to my heart!  Costco has Lagavulin 16 on sale, or at least they did last week...  Bottle's still half full!  Hard to be pesimistic with a well aged, Islay single malt so close at hand.

If'n you've never tried an Islay single malt you may want to start with a Laphroaig 10yo with a splash of distilled water.

[Deeyoh]

Don't like the DOW dumpage today.  Means investors are skittish but they have been that way for awhile now with BTC.   Hope it doesn't affect BTC price to much. 

[VB1001]

I need your advice:

I am preparing a post about the full nodes of Bitcoin, it is not a post about support, it is a post where I want to ask how many members in the forum have a node activated and more topics about the node.

"The goal is to try to encourage the use of complete nodes in the network"

The question is that I do not know in which section to expose it:

Bitcoin Discussion?
Another section?

What section to expose?

(Everything would be presented in perfect English, of course)

I may not be successful but I want to try 

Thanks

[d_eddie]

I believe I put them on ignore because they were being extremely chatty with JJG one day and I was tired of seeing walls of texts/rebuttals. No offense d_eddie.

None taken. Admittedly, there are days when I'm hyperactive here, and I could hardly bear with myself if I weren't myself.

[Last of the V8s]

BV101 cover your ears this is not for you lol

"The goal is to try to encourage the use of complete nodes in the network"

What section?

just let the miners decide
http://instantrimshot.com/index.php?sound=rimshot&play=true

[JayJuanGee]

The odds of a party or the odds of $100k?!

LOL...if btc will be at $100K, a party will happen (99.99% probability in my guesstimate )

but the price within 5 years to reach 100K (max 10%, you stick a knife in my heart)  
when moon, when 100k party, when the dream, etc........... or just eternal hodl

You should not need $100k BTC to get rich from bitcoin.

Of course, $100k will help, but you should be able to get rich by overall prudent investing, dollar cost averaging, as long as BTC continues to do its thing.. even if the upward performance becomes less steep.. let's say in the 10% per year arena  rather than the 60% to 100% arena... (yes, I understand ways of calculating can vary), but my point is that you should not need $100k to get rich.  That is 25x from todays price, which certainly is not guaranteed, even if it has decent chances, counting on it seems both fiscally and psychologically irresponsible.  (like gambling with what should be an investment)..

If we get to $100k I may or may not hire a bunch of nerds to make a game with no regard for profit margins. I miss wasting my life in an MMO. The theme park shit we have today sucks ass.

And anywhere before that I'm looking forward to funding some basic research as well as handing out some scholarships to pay back for my free overseas holidays.

I actually do understand that if peeps are either 1) just getting into bitcoin or 2) they just got into bitcoin in supra $10k prices (or have supra $10k average costs per BTC), then they may feel that they need $100k-ish to "get rich", but even with those two conditions that I mention above, there are a large variety of scenarios that fall quite short of $100k that could facilitate really decent living and profits from BTC without necessarily having to reach $100k to achieve various levels of success.

Surely what you are suggesting, BTCMILLIONAIRE, seems to be a level of profit that you would realize in which you could really have icing on the cake, and even if such icing on the cake does not happen, there would likely be a large variety of BTC price performance scenarios that allow you to live quite comfortably (even if BTC does not cause you to have those various extra (still potential) bonuses).

Actually, I recall when BTC was in the $200s and my average cost per BTC was in the $500s.. I think there are several of us who HODLed and Accumulated BTC during those days, I thought that it would surely be nice to get at least to the break even point... and then in that kind of situation, bitcoin is merely serving as a long term store of value,  yet I still continued to think that even if BTC prices do not get above $500 again, I am still o.k. because I have not invested more than I can afford to lose, and I am willing to ride the whole thing down to zero.

Of course, now, for me, there is a lot of cushion and a lot of equity and surely the value of my total holdings does go down if BTC were to go down to zero from here, so yeah, maybe I can act a little bit smug about the whole thing.. yet I still am not really considering the whole situation for me to be vastly different from someone who is currently investing into BTC but has an average cost above $10k.. Every BTC they buy at these prices, brings down their average cost per BTC tremendously, and maybe they don't have a whole hell of a lot of spare cashflow to be monkeying around with, but still that goes to the situation of NOT investing more than you can afford to lose and being able to both ride out the long long term (including being able to pay all bills, have entertainment money, have an emergency fund) and if BTC prices were to go to zero, that long term investors should be ready, willing and able to ride it all the way down because of the way that they got into the investment and that they are not using money that they actually need in the shorter time frames that could last many many years 5-10 years or more. 

I surely don't believe that the chances are very high that what is beginning to seem like a bear market (and perhaps even bottoming out, but unsure) will last more than 2 years from here.... We seem to have really decent odds, especially the 2 years and longer time frame, even though nothing is guaranteed in bitcoinlandia.  By the way, I am picking the 2 years timeline because that is a bit more than 6 months after the May 2020-ish halvening, and even if there are all kinds of pressures to manipulate BTC prices down for the next several years, there comes into effect a kind of hard reality regarding the limited supply that will cause additional difficulties in continued attempts at forcing the price down and the effects become greater and greater felt as the increases of the supply are half of what they are now...  Block reward down from 12.5 BTC per block to 6.25 BTC per block.

[VB1001]

BV101 cover your ears this is not for you lol

"The goal is to try to encourage the use of complete nodes in the network"

What section?

just let the miners decide
http://instantrimshot.com/index.php?sound=rimshot&play=true

Do you think it is not necessary?

[criptix]

https://twitter.com/robots_are_here/status/1070090155791278081?s=21




did they hold or dumped?