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

[Dig Bicks]

https://gfycat.com/PartialGrimBorderterrier

Hilarious ty for posting this

[1714152509]

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[Biodom]

My spidey senses are tingling

There is doom in the air.... and not just in Bitcoin/Cryptomarkets

Something wicked this way comes

This is something interesting (as a prediction), albeit probably on a longer time scale:

https://www.news.com.au/finance/markets/world-markets/mathematicians-claim-unprecedented-global-disaster-is-just-years-away/news-story/5351f779ce0cce6a48776e86fc15f7f0
https://www.eurekalert.org/pub_releases/2018-11/thni-itf112218.php

The problem is that we do not know what or how something would have to affect the global market to prevent the impending collapse. One remedy may be, for example, the emerging markets of cryptocurrencies, but will they really become one? Nobody knows. It is not even certain whether, knowing about the changes that are necessary, it would be possible to introduce them in just a few years - and it does not look like we have a longer period at our disposal.

I most certainly have confirmation bias, but ^^ kind of rhymes with my thinking:
TPTB better be kind to the only escape pod they might have, which is bitcoin (within the next 10 years max).

[gentlemand]

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

[HairyMaclairy]

Its like ethnic cleansing without the racism

[PoolMinor]

I’ve always enjoyed those. I’ve seen something similar on adultswim commercials. Hell, it might even be the same artist for all I know  

Here are some more...
https://imgur.com/gallery/mpTFn

[nutildah]

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

I also don't know how they can shift the whole thing to PoS... PoW is probably also the biggest downfall of BTC. The amount of energy that goes into mining is simply retarded.

[BinaryReign]

I’ve always enjoyed those. I’ve seen something similar on adultswim commercials. Hell, it might even be the same artist for all I know  

Here are some more...
https://imgur.com/gallery/mpTFn

Yea I noticed once I followed the links to his tumbler where it even says he did adultswim stuff lol, I was right it is the same artist 

[rolling]

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

I also don't know how they can shift the whole thing to PoS... PoW is probably also the biggest downfall of BTC. The amount of energy that goes into mining is simply retarded.

What a retarded statement.

[realr0ach]

r0ach do you believe they killed Gaddafi because he wanted to create a gold currency and only wanted to take gold for libya's oil.

Is the answer that simple?  Probably not.  Is gold involved?  Probably.  After Bretton Woods & the Nixon shock, it was codified that no sovereign nation is allowed to wade into the gold market and either print money to buy it all up or use any other form of legit reserves to try cornering the market.  They're only allowed to dump to suppress the price as a sovereign power, not buy.  If this action does occur, I think the other world powers are supposed to go to war with them or something (at least in Jew theory).  

Russia gave the Jews two middle fingers and started buying it all up, as well as China, but they have artillery equal to the banker's collection agents (the US military) so can't simply be destroyed.  If a weak nation like Libya does it they're as good as toast, though.  So whether Gaddafi died over gold or not bowing down and worshipping the Jews enough doesn't really matter.  He would have eventually been attacked in some manner for doing anything with gold if he doesn't have nukes.

[Torque]

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

You don't understand the hate? Seriously?

Let me explain.

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

Period. It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

[HairyMaclairy]

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

[realr0ach]

PoW is probably also the biggest downfall of BTC

What a retarded statement.

First, why proof of stake is a closed entropy system that has no value:

https://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

Second, why proof of work fails and acts almost identical to proof of stake in the real world:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

[nutildah]

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

The price justifies itself as the market is always right. Doesn't really matter how you believe things _should_ be, the market firmly believes otherwise. And if ETH falls to $50 a coin, then that's the way it was meant to be.

It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation.

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.

https://digiconomist.net/bitcoin-energy-consumption

[realr0ach]

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Nick Szabo is not a valid source of anything.  He's a shill for both Ethereum and the rogue-terror state of Israel.  Why would you ask him ANYTHING about cryptocurrency?

[gembitz]

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

You don't understand the hate? Seriously?

Let me explain.

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

Period. It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

shitoken washtrading by corporate sleezeballs ..this is the dream of these crooks. :\ kill all tokens.

[gwaur]

<snip>
Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.

https://digiconomist.net/bitcoin-energy-consumption

Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy
https://news.bitcoin.com/report-bitcoin-mining-doesnt-fuel-climate-change-it-benefits-the-global-economy/

tldr: 78% of Miners Use Renewable Energy

[Torque]

It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation.

So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them.

Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch.

[realr0ach]

tldr: 78% of Miners Use Renewable Energy

Except the energy expenditure serves no purpose if transaction validators are designed to centralize...and they are.

[realr0ach]

So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them.

Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch.

It's also possible due to thermodynamic collapse of oil extraction, that conventional vehicle companies are doomed and only electric ones have a future.  Then the govt would probably have motive in keeping Tesla alive at least as some type of testbed.

[Bitcoinaire]

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.