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

[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

[bitserve]

Good.

Nice.

Indeed.

That's how I like to break through resistances, not with a big pump that needs to correct, but just with a little pump that starts right below it and consolidates afterwards

[Last of the V8s]

Good.

Nice.

Indeed.

Quite. Rejected.

[_javier_]

Good.

Nice.

Indeed.

Quite. Rejected.

Lets try again

[bitserve]

Good.

Nice.

Indeed.

Quite. Rejected.

No, it's ok. Consolidating $4k.

[toknormal]

400k Bitconifer incoming.

https://www.ccn.com/bitcoin-price-pounds-into-bull-market-could-surge-to-400000-analyst

[bitserve]

400k Bitconifer incoming.

https://www.ccn.com/bitcoin-price-pounds-into-bull-market-could-surge-to-400000-analyst

Whatever he's smoking, I want too.

[Ibian]

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!

Also christianity, in older times. That's why jews were money lenders, christians were not allowed to do it.

[JayJuanGee]

Satoshi Nakamoto deserves:

- Nobel Prize in Economics
- Nobel Peace Prize
- Nobel Prize in Physics

But thankfully the last thing Satoshi needs is the validation of the establishment.

https://twitter.com/misir_mahmudov/status/1107734439285669888?s=21

What a man satoshi is .....

I can see peace and Economics, but why Physics?

May be ask the twitter account 🙂

This is not "the twitter account."  In other words, shouldn't posters take some kind of responsibility for ideas that they post?  Analysis anyone?

[JayJuanGee]

Another variation of the 2012-2015 vs 2016-2019 Bitcoin price chart.  This time with 200 day moving average and Mayer Multiple.

#Bitcoin $BTC #BitcoinCharts


via Imgflip Meme Generator

https://twitter.com/chartsbtc/status/1107680912722939904?s=21

I like this chart

Could you add 2020 to 2023 on the chart 

It's already there.

You go back to the beginning and add the red part from the beginning onto the blue part on the end.  Viola!!!!

[Phil_S]

Yay 4000.

That's more like it!

[El duderino_]

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.

Amen to that HODL

Though its the same for me with my eyes width open 

*i’m not far from changing my name into HODL

[goldkingcoiner]

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

[JayJuanGee]

Hello?  What is thing cryptocurrency that you talk about?

The biggest use case Bitcoin currently have. Altcoin trading.  It says $13b volume but this research is saying only $2b is not fake. Is this clear enough or I need to do a more detailed explain?

Yes.  I understand, you are presenting this information for the good of WO participants.  Thank you for that.  Accordingly, it seems clear that you don't need to explain any further why you cited a tweet of an article that failed to distinguish bitcoin from crypto currencies, and you are feeling self-righteous about that.  You go girl.

In this thread, we appreciate that kind of foggy presentation of bitcoin/crypto or whatever information.  

In other words, it is very enlightening for you to have already pointed out that bitcoin is not necessarily distinguishable from crypto and hardly has any reason for being distinguished from crypto, because "crypto" is so important in the whole life and meaning of bitcoin these days.

I even heard that Infofront was considering changing the name of this thread to crypto observer, because participants here are starting to be unable to attempt to focus on bitcoin anymore.. Therefore, may as well just go with the flow, not fight the trend and engage in the same kind of fuzzy thinking here too.  

Sucks to be a subsumed bitcoin, these days, no?  

[xhomerx10]

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!

Also christianity, in older times. That's why jews were money lenders, christians were not allowed to do it.

 Christians could always lend but never charge usury (which originally was considered any interest rate).  Muslims under sharia law are also forbidden from this practice.

[HairyMaclairy]

I have some knowledge of sharia law compliant lending and it’s all bullshit. There is principal and interest but it is dressed up as something else.  For example, sharia law allows rent.  So when you buy a house you sell the house to the bank and the bank charge you rent on that house.   When you have paid an amount equivalent to a mortgage the bank gives you the house for free.  It’s exactly the same as a mortgage with the same amortization tables - it’s just sharia compliant by adding an extra step of selling the house to the bank and then the bank giving you the house back for free.  Which is not that different from the bank taking the title in a mortgage and handing the title back when the mortgage is repaid. 

So it’s all complete rubbish but some shah gets paid $5 for waving a magic wand and saying the lending arrangement is sharia compliant.