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

[realr0ach]

And now it is even trying to argue that Bob, being successful, is not really black because he can't accept any black person may be more smart or successful than him.

Of course he's not black.  If the average "African American" is 65% African, 29% European, 2% Indian, that's mixed race.  He's a MULATTO, a quadroon, whatever you want to call him.  Depending on how those genes are expressed, or not expressed in each individual, he could literally be some type of magic negro with virtually all white traits besides a few token attributes.  You can't compare whites vs blacks using a 65% black 29% European as a control variable.  You need to compare some guy named Hans from Finland vs some guy named Tyrone from Nigeria or the Congo who is 100% sub-Saharan African.

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[Hueristic]

I was actually doing the same this morning (before I read your post), researching Uruguay´s visa options etc. They have the worlds poorest president, who gives 90% of his income to charity and drives a Volkswagen beetle.

Visa options for me are quite straightforward and easy to obtain, all in all the country seems to be a great place to live in, even weed is legalised. Might have a trip there soon to check everything out.

If it's good enough for Maduro then I guess it's safe.

https://www.reuters.com/article/us-venezuela-politics-uruguay/venezuelas-guaido-says-maduro-trying-to-move-public-funds-to-uruguay-idUSKCN1PT1VV

Venezuelan traders say Maduro’s government has been using the Bandes subsidiary in Uruguay to get around debilitating U.S. sanctions that the administration of President Donald Trump has imposed in its bid to help the opposition oust Maduro.

[realr0ach]

As for this Elwar floating death trap thing.  He said that he AND some type of woman would be living on it together.  I just don't see that working (assuming the structure doesn't collapse and kill everyone somehow).  The size is pretty small and seems only viable - again, if it doesn't sink - for one insane male hermit.  Unless this woman is from some type of primitive tribe, no woman on earth is going to willingly live in that.  It's pretty small even for one guy.

[bitserve]

^ https://www.youtube.com/watch?v=4M-iF_zOTo4

[Biodom]

Well, bitcoin is a new form of "life":

https://www.reddit.com/r/Bitcoin/comments/anllqs/if_bitcoin_is_a_new_form_of_life/

[realr0ach]

^

Let's assume a Mad Max financial event happens.  Would you prefer to be:

A)  In the Elwar death trap in the middle of the ocean

B)  In a boat or plane and ride to wherever the least fucked up place is

C)  Assuming everywhere is fucked up, staying on land

D)  Assuming everywhere is fucked up, staying in a boat parked at a remote island, in a river, inlet, whatever

[bitserve]

^ C

But still... That's *my* personal choice and as Van Gaal would say: You are very negative, always negative, never positive.

[realr0ach]

^You're not a war time consigliere, Bitserve.  This is a war.

[Biodom]

I have no idea what half of the conversations here are about.
Will try to parse it again tomorrow.

[DireWolfM14]

There is no hate on my end.  Bob just possesses a lack of tolerance to anyone who won't suck his tiny penis that he wants peeps to believe is bery bery bery BIG.    

 "There is no hate at all on my end. I'm just a homophobe that likes to think he's holier-than-thou, and can't stand it that some humorous random person of color is more successful than I am, and has retired to a life of shitposting. So I'll just passive-aggressively chide the fellow on being a bit of a character, because my own shit smells absolutely like roses."

 FTFY.

Get a room!  

And who care's if JJG is a homo or a thespian, frolicking along, to the sound of music, tip-towing through the two-lips, smacking anti-Semites with a neon green dildo?

Live and let live, bitches!

[realr0ach]

It appears no black people actually believe the CNN Jew hoax, Jussie Smollet "MAGA attack" false flag actually happened:

https://dailystormer.name/what-are-black-people-saying-about-the-jussie-smollett-maga-country-attack/

Each and every black person that saw this thought to themselves, "Hmm, when is the last time I was walking down the street and had white people who were not cops attempt to harass me in any type of manner.  Oh, that answer would be zero.  White people who are not cops are typically trying to avoid black people at any chance possible".

[HairyMaclairy]

Ok we are going through the 200WMA (green line).  We cant just keep dragging our asses along the line on low volume.  It’s not sustainable.

So the question is what happens next.  Do we capitulate spike down and rocket back up?  Or do we drop under and stay under until later this year?  

[realr0ach]

^I would not put ANY stock in the 200 WMA one way or another - either bullish or bearish.  In the time we speak right now, bitcoin is nothing but a dollar derivative.  Is the global macroeconomy and everything else the same right now as it was in the past?  No.  Any large macroeconomic change or sentiment would invalidate whatever the reverse looking 200 WMA says.  Looking at simple moving averages as some type of holy grail indicator is noob trading 101.  And that's what that Masterluc guy was attempting to do the other day, which should tell you he currently has no clue what's going on.

[Gyrsur]

looking not good, guys. again test of weekly 200MA, RSI 30 level and $3000 mark ahead.




EDIT: calling the BTC bottom at about $2800 and €2500 if no BTC nuclear event will happen again like the BCH/BSV hash war in fall 2018.

the support levels below should be strong enough.

[JayJuanGee]

Ok we are going through the 200WMA (green line).  We cant just keep dragging our asses along the line on low volume.  It’s not sustainable.

So the question is what happens next.  Do we capitulate spike down and rocket back up?  Or do we drop under and stay under until later this year?  

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  Of course, that does not mean that BTC is done dumping, but if there still seems to be weakhands in the various shitcoins, that factor could continue to contribute to the ongoing downwards price pressures on BTC.

In other words, I don't know anything regarding BTC price direction, except for concluding that we remain in a bear market.  Give me a three-sided coin to flip that has a slight advantage towards the downside, a lesser advantage towards sideways and the least advantage towards up.

[Phil_S]

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those.

[realr0ach]

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  

I am dumping all of my JayJuanGee shares.

[HairyMaclairy]

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those.

Good point

[JayJuanGee]

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  

I am dumping all of my JayJuanGee shares.

Assuming that you are around the same age as me, but maybe not as socially fitting as I am, but you want to reflect JayJuanGee shares in the financial side of your investment, then you would be about 1% or 2% shitcoins (4% at most), about 5% to 8% cash, and then the rest 90% or so, in bitcoin. 

Now, if you want to include traditional investments, to reflect a JayJuanGee balance that would be a bit more complicated, because there remains some ongoing traditional investments that nearly balance out the total crypto package (and bitcoin-available cash referred to above). 

Regarding PMs such as Gold and Silver, JayJuanGee is not very tolerant of those investments because he (that is me) considers bitcoin to largely have supplanted any justification for holding any PMs because, in essence bitcoin serves as a similar kind of dollar or traditional investments hedge that PMs had traditionally been serving.  But, if you cannot shake such PMs from your psyche, because you are kind of stuck in the past, JayJuanGee would tolerate up to a 6% or 7% holding in such PMs, while advising against them.

Regarding dumping JayJuanGee shares?  What you gonna do?  Gonna get screwed up?  You going into cash?  I imagine you are already too heavy in PMs?  Perhaps real property would be o.k. if you don't mind being tied down, geographically.  I recall that you, Roach, were leaning towards an Island, earlier, but I am not sure about the practicality of that kind of direction, and really it does not seem to be very divisible nor portable.. I suppose depending upon how much you have to work with.

[JayJuanGee]

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those.

Good point

Bitcoin is not very seasonal.. so we are in a different point, especially looking at least year, specifically.