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

[nikauforest]

Merry Christmas everyone!

[1714071790]

1714071790

[1714071790]

1714071790

[AlcoHoDL]

Merry Christmas & a Happy New Pump!

[realr0ach]

this thread used to be the best wide-ranging collection of intellectual discourse in the cryptoverse.

Even retarded forums like reddit /incels has better posters than here.  Come here and you get JayJuanGee posts and Micgoossen's girlfriend.  Go to the supposed worst forum on the entire internet and you get genius level posts like this:

[VB1001]

Bitcoin going down to hell, here discussing and philosophizing, depends on the time I read WO first I have to do a psychological analysis to understand what the fuck you are talking about.

But it's fun, that's why I like WO

[infofront]

As anon once said, this thread is like a microcosm of the early BTCtalk forum.

Anyway, Merry Christmas!

[mike4001_]

Well.

Classic bull trap.

Was kind of expected.

At least we are not still at 3.2k ;-)

[MERlT]

 I remember when this thread at least discussed Bitcoin, what happened did Jamie and his cronies take over?

[luckygenough56]

this thread is like a movie, needs a good antagonist not to get boring. Roach is fitting the job quite well 

[VB1001]

I would have enjoyed more here.
Yesterday at dinner we only talked about the biggest shitcoin in the world, FIAT.
But they did not understand how it was possible that Bitcoin gave me more confidence than FIAT.
Easy, your paper comes out of a printing press as if it were a roll of toilet paper, there are billions in bank notes, all false that will never be returned.
Then I sent them my nice Christmas card and the discussion was over.

[luckygenough56]

lucky you, tomorrow today i'll have dinner with the pro-Macron part of the family, gonna be explosive  

[Last of the V8s]

https://twitter.com/RichardHeartWin/status/1077193787120730112

[VB1001]

<...>

You will have a good time.

The best of the night, they gave me a Google Home, perfect, I do not have to take the phone to the room to know the price of Bitcoin, I do not have to open my eyes, I do not have to get out of bed, I ask:
Hey Google what is the price of Bitcoin and I am answered by a nice girl with a sensual voice, informing me of the price.

Ok, I'm going to domotize the house.

[dutchlincoln]

Guys, i have a (maybe stupid, but hey...) question.

I dont really understand why alts drop and rise in value with btc, when their chart is valued in BTC.
Example:
Suppose BTC is $5K and alt-X is 0.01BTC.
BTC drops to $4500, then ALT-X still should be .01BTC, as their fiat value is dropped as well, as .01btc is now only $45, as in the first scenatio it was $50 ?

Strangely, the value of ALT-x is also dropped, to lets say .008BTC, so now valued at $36

Logically i would think that the BTC value should be more or less equal ? Why is it varying so much? The variance should be only in the coin itself? I cant imagine that someone dumps some BTC and does the same with "his" alts...?

The opposite is true also, als alts increase in BTC value when BTC rises, they actually increase double compared in fiat...?

Thanks.

[LFC_Bitcoin]

A Christmas dump?

How lovely to put us in a great mood for the day.....FUCK IT (for one day).

Happy Xmas my HODL brothers & fuck you to the trolls & shills.

[realr0ach]

Guys, i have a (maybe stupid, but hey...) question.

I dont really understand why alts drop and rise in value with btc, when their chart is valued in BTC.

The real question you should be asking is why do any of the 2000 shitcoins that exist (including bitcoin) have a value above 0 when they're literally imaginary, valueless tokens people buy for no other reason than thinking they can sell them for more than they bought them for.  Yes, altcoins are a scam.  And yes, bitcoin is a scam.  Anything that's an imaginary commodity is obviously a scam.  A commodity can't be imaginary.

[HairyMaclairy]

1.  Alts have no value of their own

2.  The price of alts is a function of how much greed / fear is in the market.

3. Fear / greed is determined by Bitcoin price performance.  

4.  Alts are denominated in BTC.  

5.  When people are greedy they buy alts using BTC.

6.  When people are fearful they sell alts using BTC.

[realr0ach]

^crap answer.  There is no logical value above zero for an imaginary commodity.  On a long enough timeline everyone knows that's exactly what they all will return to, they're just hoping to play musical chairs with the tokens, leave someone else holding the bag, and profit.  The shitcoin industry is filled to the brim with people claiming to be do-gooders by promoting this garbage.  In reality, just about everyone involved in craptocurrency are low-life scammers.

[HairyMaclairy]

[realr0ach]

As a side note, what I said above is another reason I endorse only physical metals.

For any of this centralized crypto-garbage to gain more ground, they have to get more deeply involved with people's financial savings with things like IRAs and what have you.  I have no interest in trying to trick old people into squandering their money on imaginary, valueless tokens and then having the shit blow up in their face and being homeless in the streets.  There comes a point where shilling for this stuff is like you're basically trying to destroy the entire world on purpose in hopes of making a profit.  Shill for real money (silver and gold) then you make a profit while fixing the world instead.

[realr0ach]

As for your DOW shit.  The Dow to gold ratio seems to only be stable around the 5:1 ratio.  So DOW needs to either drop to 1/4th of what it is now or gold needs to go up 4x.  Gold going up 4x would send silver to around 30:1 GSR in the bull run = $166 an ounce.  For a more conservative estimate, I would say it's likely the DOW drops and gold rises at the same time so we'll just say gold doubles instead then silver is in the $80's.