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

[JayJuanGee]

[edited out]

So it's going down or... down? I can't understand why we NEED to go further down from here in order to rocket up? Why can't we take off from here? I personally think we have seen the bottom last year (3200?) and we'll now skyrocket after some sideways action. This is already the longest bear period in Bitcoin history isn't it?  

This is not the longest bear period in history.  Dumb shit renditions of the facts want you to believe their rendition of history and description of what is going on and the status of the market.  You can look at the charts yourself and compare, and figure out those various misstatements depending on price reference points.

Furthermore, there is a lot of drag on BTC in the shitcoin space... So BTC bearwhales are going to manipulate BTC as much as they can (alongside with the shitcoins).  I am NOT saying that the bottom is NOT "in" for bitcoin, but there is surely NO guarantee that such bottom is in.  By the way, the current "bottom" is at $3,120-ish in mid-December.

[BitcoinGirl.Club]

QuadrigaCX $190 Million SCAM - Mt. Gox Caused 2018 DUMP [Bitcoin and Cryptocurrency News]

[JayJuanGee]

 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.

Hey Globb0.  That seems pretty close to fitting the bill.  Thanks for that image.

[JayJuanGee]

It just keeps getting better

I figured that Jack has been in a kind of mindset in which there would be ways to connect the three - twitter, square and bitcoin.  Again, go jack, and thanks for highlighting that, Hairy.

[Last of the V8s]

Quintus Tarquitius Restitutus, centurion of Legio I Minervia Pia Fidelis, is grateful that he had caught 50 bears within 6 months

[BitcoinGirl.Club]

I know this is old date but still: https://www.goxdox.com

[Last of the V8s]

[BitcoinGirl.Club]

I like bitcoins bubble LOL

[serveria.com]

Time to wrap it up here, folks.

Bitcoin is turning out just like the internet.

When the bubble popped, everyone just stopped using it.

i went to bitcoinland and all i got was this stupid hat !    weeee

Yeah, cause i’m not owning any actual BTC’s
50$ drop and wouldn’t we know it a Weeee re-entry

$3000 close and 3k is just a fluffy $25OO    weeeee

$3400 is nowhere close to $3000 let alone $2500

[infofront]

Bearish Murad Tweetstorm

[Torque]

Not only is this not going away, but it provides the most asymmetric return on almost any bet that a company can make right now.

And most Average Joes have no idea why that is, because they are completely ignorant to how traditional market IPOs are structured. They never wonder why a Facebook doesn't begin life trading on the NASDAQ at $0.01/share instead of $20/share.

Q: Why does a company like Facebook not do a 10,000X, 1000X or even a 100X this many years after launch? And the early investing public gets to benefit from such a move in the price?

A: Because the 10,000X in Facebook stock already happened pre-IPO. It was stolen away from the Average Joe public by the founders, initial *wealthy* investors, wealthy hedge fund managers and investor banks. These are all people who had nothing to lose and everything to gain because they were already wealthy. They end up with 99.99999999% of the shares before public trading launch. It is the equivalent of a massive pre-mine. What ends up trading on the public market float is a pitiful, minuscule amount compared to the sum total...a drop in the bucket.

THIS is why the wealthy are getting wealthier while the average and poor get poorer. They (Average Joe) are being shut out from being able to invest in early rounds of Tech companies and being able to benefit/profit by owning massive amounts of shares pre-IPO for little investment, like the rich can.

[Last of the V8s]

fuck Murad

[BitcoinGirl.Club]

Not only is this not going away, but it provides the most asymmetric return on almost any bet that a company can make right now.

And most Average Joes have no idea why that is, because they are completely ignorant to how traditional market IPOs are structured. They never wonder why a Facebook doesn't begin life trading on the NASDAQ at $0.01/share instead of $20/share.

Q: Why does a company like Facebook not do a 10,000X, 1000X or even a 100X this many years after launch? And the early investing public gets to benefit from such a move in the price?

Because the 10,000X in Facebook stock already happened pre-IPO. It was stolen away from the Average Joe public by the founders, initial *wealthy* investors, wealthy hedge fund manager and investor banks. These are all people who had nothing to lose and everything to gain because they were already wealthy. They end up with 99.99999999% of the shares before public trading launch. What ends up trading on the public market float is a pitiful, minuscule amount compared to the sum total, a drop in the bucket.

THIS is why the wealthy are getting wealthier while the average and poor get poorer. They (Average Joe) are being shut out from being able to invest in early rounds of Tech companies and being able to benefit/profit by owning massive amounts of shares pre-IPO for little investment, like the rich can.

Angel Investors, accredited investors with billions of dollars. Average joes get is when the price is ATH LOL

[El duderino_]

Not only is this not going away, but it provides the most asymmetric return on almost any bet that a company can make right now.

And most Average Joes have no idea why that is, because they are completely ignorant to how traditional market IPOs are structured. They never wonder why a Facebook doesn't begin life trading on the NASDAQ at $0.01/share instead of $20/share.

Q: Why does a company like Facebook not do a 10,000X, 1000X or even a 100X this many years after launch? And the early investing public gets to benefit from such a move in the price?

Because the 10,000X in Facebook stock already happened pre-IPO. It was stolen away from the Average Joe public by the founders, initial *wealthy* investors, wealthy hedge fund managers and investor banks. These are all people who had nothing to lose and everything to gain because they were already wealthy. They end up with 99.99999999% of the shares before public trading launch. What ends up trading on the public market float is a pitiful, minuscule amount compared to the sum total...a drop in the bucket.

THIS is why the wealthy are getting wealthier while the average and poor get poorer. They (Average Joe) are being shut out from being able to invest in early rounds of Tech companies and being able to benefit/profit by owning massive amounts of shares pre-IPO for little investment, like the rich can.

Nicely Said
And very accurate .... good, all where able of buying BTC on the early and still are able of buying BTC on the early
It couldn’t be more fair as with BTC.... Maybe computer guy’s Had a bit of a BIG advantage cause I didn’t heard a word of it, just been lucky my friend (computer expert Guy) introduced me to it....

[Torque]

Angel Investors, accredited investors with billions of dollars. Average joes get is when the price is ATH LOL

If Average Joe is lucky he might get a 2X or 3X of a high risk Tech stock after 10-15 years. So best case his initial investment of $5K might go to $15K.

Meanwhile the Angel Investor's shares of that same Tech stock worth $500M (that he got with an initial seed funding of $50K) just went to $1.5B.

LOL

[BitcoinGirl.Club]

Angel Investors, accredited investors with billions of dollars. Average joes get is when the price is ATH LOL

If Average Joe is lucky he might get a 2X or 3X of a high risk Tech stock after 10-15 years. So best case his initial investment of $5K might go to $15K.

Meanwhile the Angel Investor's shares worth $500M (that he got with an initial seed funding of $50K) just went to $1.5B.

LOL

LOL yeah it's like buy bitcoins when the price is $19k+ then wait until now and then for the next halving 😜

[cAPSLOCK]

That was a fun little dip.

[VB1001]

It is a study of the cost of electricity in each country to extract 1 BTC.

The date is 2018, surely the antiminer have improved consumption, but it's still interesting to see the cost per country.

https://www.elitefixtures.com/blog/post/2683/bitcoin-mining-costs-by-country/

[StartupAnalyst]

Guys did you watch it?

Binance+Tron=Pump & Dump. Jail Time? CZ and Justin Sun Scared. Bittorrent ICO Hustle

I looked at this, interesting information, thanks for sharing! I have long had suspicions that Binance and Tron have the same owners - masters of speculation.

[El duderino_]

That was a fun little dip.

Now a Fun little long UP trip!