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

[Biodom]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

I understand this argument (to a degree), but I am not sure what would be the impetus for such a transition?
5-10 years: I cannot see it providing that there is no massive debt default.
50-100 years: maybe, if the path is right.

[jojo69]

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

[Last of the V8s]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

I understand this argument (to a degree), but I am not sure what would be the impetus for such a transition?
5-10 years: I cannot see it providing that there is no massive debt default.
50-100 years: maybe, if the path is right.

can we settle on somewhen in between?
the impetus comes from increasing scarcity of coin and increasing awareness of that emission schedule

[jojo69]

Just call me Reynolds.

Ryan?

wrap

[criptix]

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Fusion!

[Biodom]

Coinbase released some new account rules.
https://www.coinbase.com/legal/user_agreement?locale=en-US

Pledges not to hypothecate customers' btc.
Anybody noticed something new/important?

[kenzawak]

Good article, I would like to read the original of WSJ

WSJ: Bitcoin Trading at Strong Correlation with Gold as Traditional Investors Step In

https://cointelegraph.com/news/wsj-bitcoin-trading-at-strong-correlation-with-gold-as-traditional-investors-step-in?

There you go :

https://outline.com/LmstEG

Full article, for free.

[jojo69]

Fusion!

no roads where we're going Marty

[Paashaas]

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation 

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/

[VB1001]

Today the green dildo again coincides with the closing of futures.

[d_eddie]

Need to see it get a bit bigger on the daily

[kenzawak]

CME Futures closing today.
Reminder, prices tend to go crazy (up or down) in the hours surrounding expirations.

[Torque]

[BTCMILLIONAIRE]

I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)

The quote is talking about potentials. You are talking about what "is". Gold has a history spanning millennia. Hence your argument doesn't make sense until at least an isomorphically equal amount of time has passed during which Bitcoin could have distributed. That amount of time will be lower than for gold due to the amount of people alive now vs the amount of people alive in the past as well as developments in infrastructure (hence isomorphic).

But as is it doesn't make sense to compare the level of current decentralization of gold vs Bitcoin.

[kenzawak]

The year in numbers :

https://breakermag.com/its-not-all-about-price-cryptos-year-in-numbers/

[DeathAngel]

Would be good to break $4,000 again & consolidate there. $3000’s seem very low & surely whales are accumulating here. These are cheap coins if you have lots of spare fiat.

[El duderino_]

Spike Spike spiiiiiiike it UP

[BTCMILLIONAIRE]

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Does that analysis factor in fusion eventually becoming economically viable or not?

[byebyehi]

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation 

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/

Don't be stupid , its planned for the future.  BCH has only been around for about a year.

[Toxic2040]

Well hello you..

Bounced hard off resistance at the $4.1k level. The consolidation at the mid point of the previous rally might indicate an attempt to climb another rung in the ladder upwards.
1h


4h



In the longer term things look fairly exciting. My most pessimistic projections indicate bitcoin should at least double in fiat price over the next 12 months or so. Remember, remember the 5th of November.
W

#stronghands2019