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

[bitserve]

@r0ach

If you had read what I posted in the trolls thread you would already know I absolutely do not care about all those Jewish references. You insist on blaming Jews for everything you think about. It is you who have the problem/obsession. I don't know if it is racism, religion or what.... as I said I don't fucking care.

If you want to refer to the current economic/banking system, that I do know how it works but please stop mixing subjects that have nothing to do. And don't even try to explain me how they do because, again, I don't fucking care if there is any relationship to any specific culture/religion/race/or whatever the Jewish are. No.Fucking.Care.Ok?

And yes, as long as current FIAT system do exist (and I see no reason in the short/middle term future to cease to exist) conversion will be needed for many things. It is you who thinks is living in an utopian world that does not currently exist not have enough prospects of becoming a reality in any reasonably near future.

[El duderino_]

^^
he's always walking with coins



think its very HANDY, what he gets back after transaction are some good old dollars??
maybe physical bronze, aluminium, iron ?

[jbreher]

I can think of at least one strong reason why satoshi would like to sow doubt about his existence.

So in your example of a possible scenario he (Satoshi) would come out and pretend to be a total dick to not be outed properly as a genius?

Or perhaps satoshi is a total dick. I mean, why not?

As I recall, the initial outing was not uttered by CSW.

[ðºÞæ]

And what about the spread of PM's.... you buy some gold/silver today and you sell it tomorrow to someone else losing like 20%. And that is in ideal circumstances. WTF?!

I like PM's, they did fill some niche in the recent past, but I don't see them in the future at all or maybe just as a way smaller niche.

Silver your only real choice is to sell private, ebay or what ever your local website for buy/sell stuff.  A lot of hassle.
Dealer is not an option depending on the tax in the area but you need like a 25% price increase to come out in front.

Gold, most dealers you walk in will pay you 98% of spot price, however recently some dealers have tried to pay only "scrap" price if the coin/bar has not the piece of paper with identical number one the coin/bar with it.
Metals nearing the use-by date. Dumped most, stuck with the Silver. Oh well may come in handy one day (as a doorstop).

[realr0ach]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin

Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

I hope your next door neighbor

1) Likes you enough to even want to transact with you
2) Wants your gold or silver
3) Has proper change for you when you buy 2 eggs for a gold coin, or you're fucked
4) Has a warehouse full of Amazon goods (that you need) in his backyard, because the " next door neighbor transaction" scenario is the only fucking example that you hang the hat of your entire argument upon

Nice attempt at derailment, but your argument did nothing to address the fact that there's only two parties in a peer to peer physical metals transaction while bitcoin has 3 or more due to having built-in, rent seeking middlemen (transaction validators).  Your lists of 'ifs' and 'buts' are completely unrelated, extraneous, irrelevant to the topic.

[realr0ach]

Silver your only real choice is to sell private...Dealer is not an option depending on the tax in the area

The US does not have the 20% silver VAT tax like the United Cuckdom and other Euro cuck countries.  In the US, the law states that a dollar is required to be 371 grains of silver and the coinage act of 1792 states the punishment for debasing or manipulating the currency is death.  You can extrapolate from these facts that things like loans originating from fractional reserve, debt based fiat does not involve silver or gold anywhere in the process, so the debt is entirely odious with no liability for anyone to pay it and necessary to be wiped out.

[bitserve]

I can think of at least one strong reason why satoshi would like to sow doubt about his existence.

So in your example of a possible scenario he (Satoshi) would come out and pretend to be a total dick to not be outed properly as a genius?

Or perhaps satoshi is a total dick. I mean, why not?

As I recall, the initial outing was not uttered by CSW.

If by satoshi you mean the individual that was profusely posting here for a really long time... It is very improbable for him to be a "total dick" no matter how much effort he put into hiding it.

Also there's almost zero probability for CSW to not being a "total dick" no matter how much effort he is putting in looking as one.

Almost negligible possibility they are the same individual.

[El duderino_]

^^
shut up over that dumb silver please
there is to much silver on the globe, it is word shit, if it wasn't that hard it would be a good solution for ass wipe papers
but even for that it has no use, only for eating with
in spoons, forks, knifes etc

[xhomerx10]

+1 (this merit thing is starting to get annoying for WO leechers)

send him yours

especially you with that pacman avatar

why isn't that on a HAT yet ??

 It would probably be too small in the patch plus he can't part with his avatar.

OK Homer, I capitulate. If you somehow manage a themed hat I will wear it with pride.



Tempted to buy some, but I told myself for the first time to be disciplined and stick to a limit order 10% below ATL.
Perhaps the sign of the bottom reached, is actually myself. Let's see, happy either way.

 Pac man proved to be a tough caP, man!



 Avatar-sized



Hope it fits.

[cgt99]

20 BTC donation in a twitch livestream  

https://www.twitch.tv/videos/362132280?t=3h44m3s

[VB1001]

Do not insist more, do not understand that BTCitcoin is not a currency, BTCitcoin is an asset.  

It doesn't have the attributes to qualify as money.  It's a currency.  Asset typically refers to things like resources, property/land, a cow, a car, etc.  Bitcoin is not a resource, and it's not a house or land or anything similar.  It does not exist in the real world so it does not fit the classification of asset.  It's just a currency and nothing more.  Why are you trying to confuse people with bullshit?

I have the impression that he is having a lot of fun and only contradicts the answers with his apocalyptic future.

Everything you say and defend you do not believe and you know it.

I no longer answer, Tiring !!!

[bitserve]

20 BTC donation in a twitch livestream 

twitch accepts Bitcoin now?

[El duderino_]

+1 (this merit thing is starting to get annoying for WO leechers)

send him yours

especially you with that pacman avatar

why isn't that on a HAT yet ??

 It would probably be too small in the patch plus he can't part with his avatar.

OK Homer, I capitulate. If you somehow manage a themed hat I will wear it with pride.



Tempted to buy some, but I told myself for the first time to be disciplined and stick to a limit order 10% below ATL.
Perhaps the sign of the bottom reached, is actually myself. Let's see, happy either way.

 Pac man proved to be a tough caP, man!



 Avatar-sized



Hope it fits.

HAHA right i just posted something of a bitebits HAT in the new game thread LoL
crazy
HATmaker
its awesome

donated ONE for bitebits as well

[Biodom]

A highly subjective analysis of the bottom:

In the prior cycle I stopped buying/lost desire to buy at $350, market bottomed at about $170.

This time, I lost the desire to buy at $4200. An absolute bottom projection would be at $2100 (if only for a few hours).
IF $2100 would be it, then it would probably undergo a 30% down-full reversal move within 24hr.
So, "real" flat bottom would be about $2800 and $2100 just a quick plunge and reversal.

This is partially tic, but no different than 90% of ideas on tradingview.

[El duderino_]

hat update and increasing

   



= COME ON gentlemand
=just a future thing, but this brother will be wearing it

still in progress ? ssmc,bitebits,biodom,majormax,lauda,somac. etc........ pfffffffff   MANY HAT's created THX 

HAT UPDATE TIME ........ again THX XhomerX for this nice work
few more on the page

VB1001 also added cause it will not take to long anymore I guess

[bitebits]

+1 (this merit thing is starting to get annoying for WO leechers)

send him yours

especially you with that pacman avatar

why isn't that on a HAT yet ??

 It would probably be too small in the patch plus he can't part with his avatar.

OK Homer, I capitulate. If you somehow manage a themed hat I will wear it with pride.



Tempted to buy some, but I told myself for the first time to be disciplined and stick to a limit order 10% below ATL.
Perhaps the sign of the bottom reached, is actually myself. Let's see, happy either way.

 Pac man proved to be a tough caP, man!



 Avatar-sized



Hope it fits.

You sir are an artist, very creatively done. It is almost a shame the avatar is so small, love the trail covering the hat.
Thanks! And have my last merits please.

donated ONE for bitebits as well

Thanks

[Wekkel]

Meanwhile, r0ach is evading the elephant in the room:

Can banks create Bitcoin out of thin air?

[jbreher]

My question is can you or anyone else give me their best argument as to why the bottom is in or not.

From my perspective, your question is inappropriate useless.

Bitcoin is a new emerging asset class, in the initial throes of price discovery. To attempt to time this market is madness. Price goes up; price goes down - you can't explain that. All we really know is:
1) whether or not the world knows it or not, it needs a permissionless uncensorable form of money free from the whims of central planners; and
2) a vanishingly small percentage of the world has yet awaken to postulate 1).

From these two, we can conclude that the long term trend is up, and will remain so until such time that the world at large is onboard.

Ignore the noise. Buy today all you can conceivably afford to lose. Hodl on.

Pit pat piffy wing wang wong.

[Wekkel]

Just to let you know that mineIOTA.com will support payout in Lightning Network soon: https://mineiota.com/

Cool!

[VB1001]

All the news of advances for Bitcoin are nice.

But in LN some actors are entering the game ...,of dubious origin, banks, institutions, startups, supported by the same.

This as news is fine, you do not have the coins immobilized in LN waiting.

Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

https://bitcoinmagazine.com/articles/bitrefill-channel-opening-service-makes-accepting-lightning-payments-easy/