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

[realr0ach]

I think that one of the reasons for the regular drops is the arbitrage made by bots.

The current price of bitcoin is still an obvious artificial scam if Bitfinex - the world's least trusted, most fraudulent exchange - is the market maker for price discovery and is mysteriously usually always something like $100 higher in price just like MtGox was.  Where's the arb to make Bitfinex and Bitstamp have the same price?  THERE IS NONE.

[Paashaas]

Do you really believe that HM or are you bull shitting us?

We never got Wall Street money because the tools were not in place and Wall Street had never heard of Bitcoin.  

All the Wall Street / hedge fund / institutional infrastructure is being built out now.  That infrastructure is expensive.  It is being built for a reason.

I genuinely believe that Bitcoin has one last mind blowing pump left in it before the growth curve flattens out.   Our time in the sun will come.  And history says it will follow the halvening.  

Will it follow the fractal exactly?  Of course not.  Will it follow the rough form of the fractal?  More than 50% chance imho.  

This is only the beginning. The growth curve will flatten out after hyperbitcoinization, Bitcoin will bubble up well into the millions.

[Last of the V8s]

https://www.bis.org/publ/work765.pdf Beyond the doomsday economics of  “proof-of-work” in cryptocurrencies
New paper from Jabba the Hut's minions.

[realr0ach]

https://www.bis.org/publ/work765.pdf
New paper from Jabba the Hut's minions.

The PDF is already wrong in the FIRST SENTENCE.  Bitcoin does not have transaction finality.  It can all be rewritten and there's no real difference in a 1 conf and 6 conf - neither has achieved "finality".  It's all completely arbitrary.  All the faggy bugmen pump and dumpers constantly spamming words like "immutable" which they don't even know the meaning of the word are obviously wrong as well.  The fact bitcoin does not have transaction finality makes it almost impossible to use in a legal contract also.

And here's the fucking BIS/IMF kikes admitting flat out bitcoin is nothing more than a trojan horse:

"the only fundamental remedy would be to depart from proof-of-work, which would probably require some form of social coordination or institutionalisation."

They seem to imply using the G7/G20/UN legal system to get rid of PoW and attempt to force everyone into a closed entropy PoS system run by the state.

#fuckdigitalshitcoins #buyphysicalmetalsthekikescantcontrol

[Last of the V8s]

[VB1001]

Digital Garage to Test Yen-Pegged Stablecoin on Blockstream Network

Atomic swaps will enable the tokens to be swapped simultaneously.

https://www.coindesk.com/digital-garage-to-test-yen-pegged-stablecoin-on-blockstream-network

[realr0ach]

Digital Garage to Test Yen-Pegged Stablecoin on Blockstream Network

Atomic swaps will enable the tokens to be swapped simultaneously.

https://www.coindesk.com/digital-garage-to-test-yen-pegged-stablecoin-on-blockstream-network

So more Tether scams.  How is this a good thing?  And people who are constantly worshipping the private, for profit company "Blockstream" that has nothing to do with bitcoin are akin to noggers who cheered when OJ Simpson was rendered not guility pretending they receive an OJ prize in the mail afterwards.

[VB1001]

^
In this world that we live. The important thing is that they talk about you, even if it is bad, or if you do not exist. (Bitcoin)

You see the devil everywhere.

[kurious]

quite fun, linked in the comments on Phil's link https://www.moonofalabama.org/2019/01/coincidence-chief-nurse-of-the-british-army-was-the-first-person-to-arrive-at-the-novichoked-skripal.html
https://www.wsws.org/en/articles/2019/01/07/inte-j07.html
or 'reds muddy the waters yet again with snippets of ex post facto meaningless factoids'

A document published by Anonymous shows funding for the II totalled £582,635 in 2017-18, with £480,635 coming from the Foreign and Commonwealth Office (FCO) and the rest from NATO.

Funding shot up to £2.6 million in 2018-19, with £1.96 million from the FCO and the rest from the US State Department, NATO and the American neoconservative Smith Richardson Foundation.

This was enough fiat for one arse and one chair (plus secretarial), and has now shot up to 4 such.

related discussion

As reported by the World Socialist Web Site LOL

[Last of the V8s]

https://cointelegraph.com/news/swiss-bank-falcon-launches-crypto-wallet-with-withdrawals-to-fiat
https://www.falconpb.com/documents/122275/205260/21012019+Direct+Transfers+of+Cryptocurrencies+ENG.pdf
gimme all your bitcoins

[El duderino_]

when funeral= MOON

[El duderino_]

^
yeah that n00b walking around there avoiding the light of BTC could be you r0ach, good insights

[El duderino_]

@r0ach,

my GF is that, let us say in the last 10years the only attractive girl that spoke to you ?

or were there others as well.... IRL for sure not, maybe when you post with a fake profile or something
meh I still think not, just make sure when she write back @your nonsens, that there are no tinkles in your pants, cause I wouldn't like that

[JayJuanGee]

Why are you trolling me, PoolMinor?

Even... you are citing me out of context - because there were a lot of generally bullish HODLer thread participants who were mocking the various bear trolls (including me), and making those kinds of assertions, such as:

Cut your looses, gooses!!!!! (and, by the way, those kinds of posts were prior to the mic)

small question, what I have to do with any of that? wasn't around here @2014 ??

gooses rhymes with looses.   

[El duderino_]

Why are you trolling me, PoolMinor?

Even... you are citing me out of context - because there were a lot of generally bullish HODLer thread participants who were mocking the various bear trolls (including me), and making those kinds of assertions, such as:

Cut your looses, gooses!!!!! (and, by the way, those kinds of posts were prior to the mic)

small question, what I have to do with any of that? wasn't around here @2014 ??

gooses rhymes with looses.   

the last year I haven been cut @fiat value, thats for DAMN sure, but I saw some increases of HODL stash, that for DAMN sure as well.

and with what is Micg the most happy ?


still with increase of BTC stashes, so still working good

of course many things rhymes with looses if you adjust the name how you SEE FIT as well .....

[actmyname]

Notice how the cartoon propagandist avoided the topic of physical metals entirely because they know imaginary, valueless, digital shitcoins cannot compete.  Including them in the conversation and pretending shitcoins are better would instantly have people label them as scammers so they just ommitted them.  The result is their picture is nothing but a comparison between Chuck E Cheese tokens and Delta airline miles.  Newsflash:  anything that can be sent digitally has no sustainable value.

If you're going to bring that up, why trade metals at all? Let's go for direct farmer-to-farmer trading because we should only live on intrinsic value.

bitcoin bad!

[JayJuanGee]

If they see your car they know who you are and where you live, unless you use dummy cars...

"They" are normal people. If the state really wants to find me they will, but no reason to just hand everything over. Let them spend a dime on it.

Most normal people are not going to be searching for your information when you do those cash, in person transactions.  Also, if you keep your amounts relatively low, no one is going to give a shit.  When you start to play around with LARGER transactions, then a lot more issues are going to come up, including peeps concerned about who you are and with whom you are dealing.  I prefer dealing with regular joe blows, and of course there are folks who don't mind living on the edge a bit more and taking more risks with larger transactions.

[JayJuanGee]

https://twitter.com/rogerkver/status/1086663829507866624

So if I get this right, if you offered people bitcoin but falsely sold bcash to them, they will only ever have bcash?

Surely Roger Ver has shown himself to be a conman who continues to contradict himself, and you, Globb0, are correct to point out that he speaks a good game regarding ethics, yet his marketing actions truly contradict his words in that clip.

[Biodom]

A few interesting factoids and opinions:

Davos: the backlash
Corp profits above pay trend for a while. Author thinks that it should go back to trend.
https://www.bloomberg.com/opinion/articles/2019-01-21/davos-the-backlash-against-fat-cat-bosses-is-coming

An opposite opinion: why a few have so many?
Pareto law as an explanation (J. Peterson):
https://www.youtube.com/watch?v=-k_FfS1kHfY

Finally: tax collection employes supercomputer/service
https://www.wnd.com/2019/01/big-data-meets-big-govt-new-irs-spy-software/

It could also flag a person whose tax return shows relatively low annual income but whose social-media posts indicate something entirely different.

Integration of all three:

If the trend would become toward more taxation (as Davos article predicts), then the rich would probably employ crypto in some form, hopefully, bitcoin.
Bitcoin is dealing with high gini already, so it won't be a problem to absorb a $ trillion or two or ten.

[ðºÞæ]

A few interesting factoids and opinions:

Davos: the backlash
Corp profits above pay trend for a while. Author thinks it should go back to trend.
https://www.bloomberg.com/opinion/articles/2019-01-21/davos-the-backlash-against-fat-cat-bosses-is-coming

Opposite opinion: why a few have so many?
Pareto law as an explanation (J. Peterson):
https://www.youtube.com/watch?v=-k_FfS1kHfY

Finally: tax collection employes supercomputer/service
https://www.wnd.com/2019/01/big-data-meets-big-govt-new-irs-spy-software/

It could also flag a person whose tax return shows relatively low annual income but whose social-media posts indicate something entirely different.

Integration of all three:

If the trend would become toward more taxation (as Davos article predicts), then the rich would probably employ crypto in some form, hopefully, bitcoin.
Bitcoin is dealing with high gini already, so it won't be a problem to absorb a $ trillion or two or ten.

Apropos IRS

To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

Bill 25 https://www.congress.gov/bill/116th-...e-bill/25/text

and also

To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.

https://www.congress.gov/bill/116th-...e-bill/24/text