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

[El duderino_]

Yeah all around english isn’t the best kitchen as well

This topic is to talk about a technology that require some knowledge of science, computer science, math and economic. You need to create two topics, one to talk about food, the other to talk about dildos.

What?  This isn't the what Micgoossens ate today, and yesterday, and the day before thread?

And its not the extinct nazi thread/useless silver thread neither
What are we gonna do r0ach?

[El duderino_]

^
Its the Micg Goes into HODLsleep thread for now!

[Dig Bicks]

This is the wrong place for me to talk about socialism, Universal basic income.  Most bitcoiners are hardcore libertarians.

Even Elon Musk admits that wealth distribution will be mandatory very soon with the rise of automation.

Joe Rogan had a recent convo with Yang about UBI  https://www.youtube.com/watch?v=NAtyv8NpbFQ

[El duderino_]

You gain more fiat in a bull market.

You gain more bitcoin in a bear market.

You learn to value your wealth in bitcoin and it becomes simple.

You learn to realize this may be the last chance people can afford an entire bitcoin and catching the bottom means less and less.

https://twitter.com/alecziupsnys/status/1095802627080798213?s=21

[El duderino_]

NASDAQ to add a bitcoin index on its platform.

They are reading the writing on the wall and don't want to get left behind.

There is no stopping this.

Adoption happens gradually right in front of you, until you finally pause, look around, and bitcoin is the dominant asset.

https://twitter.com/AlecZiupsnys/status/1095826372323209217

[Dig Bicks]

This is the wrong place for me to talk about socialism, Universal basic income.  Most bitcoiners are hardcore libertarians.

Even Elon Musk admits that wealth distribution will be mandatory very soon with the rise of automation.

Universal basic income is literally the most retarded idea ever.

Newsflash for you millenials around here: the universe owns you nothing. Go do or creare something useful for yourself and/or others and you'll be able to take care of yourself.

Btw: Elon fucking Musk is your great example now?

People are born into a monopoly game where all the pieces are already owned.  The numbers don't lie, falling wages, rising house prices.  You don't even have the option to just go and live off the land if you want, everything is "owned".

I brought up Elon Musk because you seem to respect wealthy people, maybe he can knock some sense into your brain.

[El duderino_]

The entire financial system is broken beyond repair, yet nobody wants to admit it.
Everyone will be forced to admit it kicking and screaming.

via Imgflip Meme Generator

https://twitter.com/charliebilello/status/1095403199656284165?s=21

[BTCMILLIONAIRE]

This is the wrong place for me to talk about socialism, Universal basic income.  Most bitcoiners are hardcore libertarians.

Even Elon Musk admits that wealth distribution will be mandatory very soon with the rise of automation.

Joe Rogan had a recent convo with Yang about UBI  https://www.youtube.com/watch?v=NAtyv8NpbFQ

Wealth distribution =/= wealth redistribution =/= UBI.

[BTCMILLIONAIRE]

This is the wrong place for me to talk about socialism, Universal basic income.  Most bitcoiners are hardcore libertarians.

Even Elon Musk admits that wealth distribution will be mandatory very soon with the rise of automation.

Universal basic income is literally the most retarded idea ever.

Newsflash for you millenials around here: the universe owns you nothing. Go do or creare something useful for yourself and/or others and you'll be able to take care of yourself.

Btw: Elon fucking Musk is your great example now?

People are born into a monopoly game where all the pieces are already owned.  The numbers don't lie, falling wages, rising house prices.  You don't even have the option to just go and live off the land if you want, everything is "owned".

I brought up Elon Musk because you seem to respect wealthy people, maybe he can knock some sense into your brain.

Wages are pretty much constant, not falling, because people want to be smart and lazy. Whine about your life and try to steal money from others and you'll get used and abused instead of becoming an ally.

Your assertion that "all pieces are already owned" is completely and utterly false as well. Or do you refresh your statement every Planck second?

[realr0ach]

This is the wrong place for me to talk about socialism, Universal basic income.  Most bitcoiners are hardcore libertarians.

The purpose of communism is a Jewish scam to centralize all wealth and power so they can then steal it all and rule over everyone as slaves.  Communism requires enormously centralized, pyramid-style, hierarchical control.  All you're saying is "give all your sovereignty, wealth, freedom, and rights to some evil Jews so you can be their servants".

It's no coincidence the majority of Russian oligarchs that stole ALL of Russia's wealth are Jews.  So called "UBI" is just a rebranded name of communism to try and accomplish this goal.  Yes, almost all wealth is already centralized...because we have a central bank and a central bank is one of the main tenets of communism.  They just want to attempt to force people into accepting the rest of communism's tenets now.  In other words, communism caused the problem - you already live in a communist system - and now you're claiming implementing more communism will help fix it.  

In reality, hanging the bankers and expelling the communist Jews is the real solution.  Also other measures like outlawing branch banking, fractional reserve, and all the other scams so they can't do it all over again.

[rebal15]

Yeah all around english isn’t the best kitchen as well

This topic is to talk about a technology that require some knowledge of science, computer science, math and economic. You need to create two topics, one to talk about food, the other to talk about dildos.

What?  This isn't the what Micgoossens ate today, and yesterday, and the day before thread?

And its not the extinct nazi thread/useless silver thread neither
What are we gonna do r0ach?

Sometimes we need comparison and examples for better and comprehensive discussion.
Silver an Bitcoin have one thing in common which is trading.
But what dildo or food and BTC have in common.

[Biodom]

From the mouths of children another wake up call. Who is listening?

TED talks w/ Greta Thunberg

https://www.youtube.com/watch?v=H2QxFM9y0tY


will play a pivotal roll in the coming changes that are necessary to transition off this destructive oil based economy and into a sustainable environmentally friendly one.

she is a child and speak like a child...
Do we mess up nature...sure we do.
However, ask whether people of Sweden (or anywhere else) will give up their meat and their warm winter flats, etc etc in a noble goal of reducing emissions (with a big maybe), and you would hear a resounding NO.

Realistically, i see only two possibilities:
1. We will continue with population growth, pollution, environmental destruction until we would be too stupid to even comprehend the consequences (CO2 levels twice above normal reduce your intellect by 20%).
Why we would continue? because our lifespan is too short to comprehend the change that occurs over relatively long time periods (more than 30-50 years) and act on this in a democratic society with no dominating opinion.
Once we self-destruct en masse, Earth will return to semi-balance within 100 thou years, maximum a million, only to become unlivable (due to expanding Sun) in about 1 billion years.
BTW, I can see the effects of current civilization first hand. Most current students have significantly decreased levels of comprehension, critical thinking, analysis, etc. Maybe not true for Stanford, but certainly true in some run of the mill schools. The process of "idiocratization" is well on its way.
Can worldwide tech civilization sprung again after the survivors become smarter again following the crisis? Unlikely, since we already consumed vast %% of coal and oil.
This probably explains the Fermi paradox: there is nobody out there because it is impossible (or close to impossible) to solve this problem of civilization vs environmental destruction/pollution. This is proposed to be a Great Filter which presumably prevents civilization to continue over cosmically long time periods.

2. We would become non-biological, which would render Co2 levels moot. In such case, we would probably consume the biosphere or utilize their carbon for something else. Horrible?
Maybe, but it is my less favorable scenario.

[Toxic2040]

As long as capitalism reigns supreme pollution to the environment won't stop, everything is about money.

If everything was about money, people wouldn't be pushing for organic food.

It's obvious that you've got capitalism backwards. There are needs and desires, markets emerge to satisfy them. In this order.


Things just take time. And they're going pretty smooth as they are when considering the amount of idiots breeding like animals.

I feel compelled to break this down..

If everything was about money, people wouldn't be pushing for organic food.

This statement is what gets me..there is a obvious disconnect somewhere here if you think that normal people(ie not the 1%'ers) are more worried about their food having a government stamp of approval over having enough money to pay rent next month, your nukkin futz.

It's obvious that you've got capitalism backwards. There are needs and desires, markets emerge to satisfy them. In this order.

This is almost rational besides that fact that capitalism seems to work best on the latter and not the former.

Things just take time. And they're going pretty smooth as they are when considering the amount of idiots breeding like animals.

If you think things are going "smooth" I would invite you to walk around Caracas or perhaps a back road in Syria...even the streets Paris for that matter to obtain some perspective. While I can not ascertain whether or not "idiots" are breeding more or less I can tell you with a fair amount of confidence that the world population growth has been in decline since around 1962.


Be all these things as they may..I am hearing the same old rhetoric and the pass the buck it aint my problem mentality and frankly it sickens me. Be part of the solution or you are part of the problem.

[jojo69]

Omg will you be the first on my ignore list I wonder ....

would be best not to quote him for the benefit of those of us already ignoring

[goldkingcoiner]

NASDAQ to add a bitcoin index on its platform.

And Ethereum

[realr0ach]

The real state of the economy and why shit is hitting the fan:

Since most of you guy's knowledge of economics is an F- at best, if it wasn't obvious, the kikes are currently trying to inflate their way out of the debt bubble's inevitable conclusion.  It might not be possible.  When I look around right now, I see an avalanche of $500,000 houses and apartments everywhere hitting the market all at once.  These are not mansions, just normal, average looking houses.  Wage prices are too low, asset prices are too high.

In order for the entire system to not implode in cascading deflationary collapse, you would need to simultaneously create massive wage inflation while also not allowing the prices of property to go up with the wages.  This can actually be done, but it can only be done in one way:  printing a lot + raising interest rates to the moon.  High interest rates are a net negative to real estate appreciation and you bring the market back to equilibrium in this manner.

Nothing in the system is actually capable of handling high interest rates, though.  You would need to turn the dollar into literal toilet paper in order to service the normalized, high, or Volcker-style interest rates.  Simply debasing the currency and raising interest rates to fix the asset price/wage equilibrium doesn't actually work either if none of the torrent of new money is going into the hands of average people.  This is one reason they're trying to push this "universal basic income" communist program now.

People will either accept this banker "UBI" bait and switch tactic - which is just a ploy to try and implement full-blown communism where everyone's life on earth will be miserable - or everything on the bank's balance sheets will implode and the TBTF banks die.  To remonetize the system when this happens, this is where someone like Trump announces the old system is toast and the price of gold is now something like $20k an ounce and silver $500-$1000 an ounce.

[JayJuanGee]

The biggest question I ponder with regards to bitcoin is the following:

Right now the only way to benefit from bitcoin appreciation is to sell it (or exchange for goods).
There are no cash flows that you can get from simply holding btc.

Have you capitulated, Biodom?  Finding a shared realization space with bitserve?

Alt coin pumpers and bitcoin bashers like to suggest that their project is better because it has a "cash flow"

When in fact you don't need a cashflow if you are holding the most sound of monies that has ever existed and also you have scarcity that is pretty damned solid - even if it takes more than 120 years from now for all of it to come available.

I know that it is from design, but would have preferred to have some income from btc holding.

Again.  Why?  Don't get sucked into some shitcoin that supposedly provides cashflow and then to find out that it has almost NO actual decent monetary restriction policy (limitation of its supply).

Otherwise, the only way is to sell, which most people detest.

Why you gonna do that unless you invested every single thing into bitcoin.  Should be easy enough to sell fiat first, no? It's called gresham's law.. you spend the least valuable first, and sure if all that you have left is bitcoin, then you are going to have to sell a bit of bitcoin... if you are not otherwise able to eat or shelter yourself, for example.

Getting cash loans in lieu of btc is super risky because of btc volatility.

Agreed.. especially if we are in a bear market, currently, while being unsure about whether the BTC price is going to reverse from here.  Likely there is a need to plan ahead about these kinds of matters in order to not run out of money that you can spend to cover your expenses, including having an emergency fund.

Who wants to get a loan at 30% value, then get liquidated on a 83% "correction".

Not me.  I would really not want to put myself in such a place in order to have to be forced to gamble like that... unless it is merely a really small portion of my total BTC value.. perhaps much lower than 1%.  On the other hand if my BTC portfolio is in profits, it might be better to shave off a little bit.  If my BTC portfolio is negative, then it is better to be looking for resources in other areas rather than locking in losses by selling my BTC or loaning it out with a risk.

I wonder if some legit services will develop which can give you an "interest" (even a small one) on your btc.

There are  all kinds of services that are likely to develop in regards to BTC such as ones that you are describing.  There are likely some that already exist.

[BTCMILLIONAIRE]

If everything was about money, people wouldn't be pushing for organic food.

This statement is what gets me..there is a obvious disconnect somewhere here if you think that normal people(ie not the 1%'ers) are more worried about their food having a government stamp of approval over having enough money to pay rent next month, your nukkin futz.

Never said that "normal people" push more for organic food than they cared about money. Simply stated that money isn't the only, or even primary factor in most people's lives. If it was nobody would be buying anything besides food. People would even live on the street if they didn't need an address for jobs and whatnot. Fact is, for rich people it's rarely about money, and for poor people it's about surviving - also not about money. Nobody truly gives a shit about money.

If you think things are going "smooth" I would invite you to walk around Caracas or perhaps a back road in Syria...even the streets Paris for that matter to obtain some perspective. While I can not ascertain whether or not "idiots" are breeding more or less I can tell you with a fair amount of confidence that the world population growth has been in decline since around 1962.

(Individual) Humans are breeding beyond their economic capacities, which makes them idiots. Hence, idiots are breeding more than they should.


And I consider things to go smooth in the sense that humanity, as a whole, gets exactly what it deserves. One example would be the tribal twats in the States flinging shit at each other from left to right and back.

If that is the extent of public human discourse in the 21st century, then whatever humanity has achieved as a whole is "things going smooth". Possibly too smooth for our own good. I'm not sure if we might not need some very serious event (WW tier) for people to stop being full blown retards over the dumbest fairy tales of problems.

Be all these things as they may..I am hearing the same old rhetoric and the pass the buck it aint my problem mentality and frankly it sickens me. Be part of the solution or you are part of the problem.

Then maybe you should start listening better. I've never advocated for a "not my problem" rhetoric. If I was to advocate for anything of the like it would be for a "don't fucking tell me what to do/think and maybe I'll consider helping you out as I see fit within my capacity" rhetoric.

Be all these things as they may..I am hearing the same old rhetoric and the pass the buck it aint my problem mentality and frankly it sickens me. Be part of the solution or you are part of the problem.

In so far as there are any real problems they're with degenerates of the like that bring up gender pronouns in politics while aging, disease and hunger are still a thing.

[JayJuanGee]

[edited out]

Funny I was thinking this earlier in terms of fungibility.

The interest you get from the bank is so they can use your money while you aren't right?

If a service was made to centrally hold bitcoin securely so you don't have to worry, it wouldn't risk the fund at all just cold storage as a promise.

But then, what? no interest?? in fact the opposite, how much will you pay per year for bitcoin fort knox. With guaranteed 1 for 1 you own it coins?

Some percent a year?

Yes, good one, but imagine a situation where you are a middle class guy/gal with a bitcoin stash from 2012 (not me, I bought much later  ).
You suddenly got 5, 10, 20 mil $$ in 2021-2025 from your 20 btc that you bought for a couple of hundred $$.
You still got no cash...
The size of your stash would probably cause you to sell a large %%, then try to explain where the immense hoard of $$ come from.
Retain good records, lol.

I don't see how that is a problem.  You can easily sell a little bit.  You don't have to sell the whole stash.  You sell enough to cover your expenses for the next few years... or you sell a little bit at various stages on the way up...  Where is the problem, exactly?

[realr0ach]

JayJuanGee, why are you even talking about bitcoin like it's somehow going to be the new world reserve currency?  Do you really think Trump is going to get on TV and say, "Hey guys, the banking system just imploded and instead of reverting back to gold and silver as normal, I think we'll just go with this fly by night scam called bitcoin instead".  Do you really think that's going to happen? 

How and where does bitcoin fit ANYWHERE within the current financial system reset I outlined here?

https://bitcointalk.org/index.php?topic=178336.msg49730618#msg49730618