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

[Globb0]

Hint: Extra strong hair lacquer.

You can not trick the gravity 😛

oh yeah

[1713869505]

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[1713869505]

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[julian071]

Debt is a large part of the problem with the modern economy.

Agreed...

Maybe it's time to rethink if it should even be legal to make money simply by lending it on an industrial scale.

Criminalize voluntary behavior? I don't think so.

Especially when it is fabricated out of thin air.

I think you finally arrived at what the problem is. When banks lend money (at least here in the US), the overwhelming majority of that money is zapped into existence by the mere act of writing the loan. And the bank gets to later collect not only the interest, but indeed the principal thusly created. Which, while being an advantage to the bank conferred by law, would not be immoral in and of itself. The immorality is due to the fact that the writing of a loan does not create wealth (products, services, materials, etc) at the same time that it creates money. Accordingly, more money ends up sloshing around the system chasing the same amount of tangible wealth. Which devalues all money extant previous the loan. The purchasing power of the money loaned into existence is thusly stolen from the purchasing power of the money that existed before the loan was written. This is a very real theft of purchasing power from the people at large. And is the true evil of the partial reserve banking system, as encoded into law.

Absolutely totally true. Merited for truth.

Funny thing is that it can also work to your advantage. I pay less then inflation for my mortgage. Also hardly any costs for energy because of solar panels and system that pumps up warm water (which conversely cools my house in the summer). Basically living for free, I only have to pay insurance and maintenance.

And about rethinking if lending (on an industrial scale) should be legal, at least there's one thing that Ibian and Islamic scholarship agree on. Always good if people find common ground!

[VB1001]

Interpret the graphic simply, 3 years green / 1 year red, you already know what's coming now.

https://twitter.com/ChartsBtc/status/1106659121774813184

[JSRAW]

Hint: Extra strong hair lacquer.

You can not trick the gravity 😛

oh yeah

some strong msz in those snapshots.

didn't get the second one though. is it related to tourism sex-or child trafficking?

[LFC_Bitcoin]

Interpret the graphic simply, 3 years green / 1 year red, you already know what's coming now.

https://twitter.com/ChartsBtc/status/1106659121774813184

I’m listening....



Edit - Worth mentioning the 3rd green year of those 2 cycles is a proper moon shot so in this cycle that’ll be 2021?

[kenzawak]

RIP CSW's twitter page...

[LFC_Bitcoin]

RIP CSW's twitter page...

Only just checked. They’ve suspended his account

[kenzawak]

Good riddance.
Next one will be Pedo Ayre's page hopefully.

[LFC_Bitcoin]

Big battle at 4k

[El duderino_]

Oh and we are 100 days after bottom. Price is $25 higher then was back then. Dont forget to organize Bitcoin parties today.

bitcoins at $3,971 and you are talking about party?

The party will start once it will cross $100k for me

3,974 bro

Now 3,970 LOL

3,992.63 don't come back bear again

[JayJuanGee]

Gold vs Bitcoin 

Source: @JournalDuToken

Those charts might line up, but fundamentally, the comparison seems really dumb.

Gold is many thousands of years old and bitcoin is just 10 years old.

Bitcoin is likely in an s-curve exponential adoption phase, and if anything gold might be losing some of its steam, and even if gold is not losing it's steam because folks are attempting to rethink ways to use gold or to use it in digitally backed ways, gold is much more of a mature market as compared with bitcoin... so just because their charts match up during a certain juxtaposed time period, seem like a kind of coincidence more than anything.

[JayJuanGee]

Looks like hat family was attracted more towards hot girls than bitcoin,by reading the recent pages.

A side hobby.

[bitcoinPsycho]

We are so overdue for a $1000 fomo pump

[vroom]

Big battle at 4k

 

volume could be higher. but increasing price on low volume is bullish, isn't it?

[JayJuanGee]

What a suprise.  

This should be measured in Bitcoin and Ethereum, not in USD. And also be revisited during the next Bitcoin bull run.

Point is; ICO's are scams.

For my real job I've researched all of the top 100-110 coins by market cap, though some come and go on a regular basis, and not all coins have ICOs. Out of the ones that did, I would say, in the top 100:

- 10% are outright scams, mainly got to the top 100 through careful manipulation of CMC
- 70% are genuine ideas that "threw the blockchain at a problem," and probably won't be around 2 years from now
- 20% are legitimate, interesting projects that are really on the forefront of combining cutting edge technology with the blockchain

Even though a lot of ICOs are scams, most of them are just moneymaking ideas that aren't scams but don't have the legs to go do the distance... Then every once in a while there is a really smart project with a dedicated team; those also get rekt by prevailing market conditions quite frequently, however.

This is not investment advice, and I'm not invested in any of them, but a few projects I found to be unique and have potential include:

Holo (HOT)
Endor Protocol (EDR)
Decentraland (MANA)
SingularityNET (AGI)
OneRoot Network (RNT)

Having said that, yeah, the ICO market is still completely oversaturated, and I'm just as pessimistic about it as anybody.

You seem a lot less pessimistic of ICOs than many others here, especially giving a 20% "not a scam" assessment to the top 100 (and maybe they deserve 1% not a scam rating at best?), and as an elephant in the room, you did not really describe some of the issues that ICOs have when they raise a whole hell of a lot of money up front (likely way more than they need) when they would not likely have been able to raise even close to a fraction of such amounts through traditional means (that is a significant reason why they did ICO in the first place which is a means to get unintelligent investors on board).  Once they raise their initial money, then it is questionable whether they will carry on with their vaporware (and frequently vague ass) promises because they already made a killing up front (where is the incentive to deliver, even if (WHICH IS A BIG ASS "IF") they initially had good motives?).

[vroom]

volume could be higher. but increasing price on low volume is bullish, isn't it?

Patience.

Close your eyes.

Breathe deeply.

Listen to the universe breathing.

HODL.

I like your bullish gut 

[FractalUniverse]

We are so overdue for a $1000 fomo pump

looks fairly bullish atm. Still lots of resistance left before 4500 though.
i have loaded some during last months and now instead of fomo i have fomu [feer of messing up  ] again

[bitserve]

Good.

[Last of the V8s]

Good.

Nice.

[El duderino_]

+4K

Time for first work out after holiday