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

[realr0ach]

This shady ass looking motherfucker Giancarlo that runs Bitfinex always seems to surround himself with shady Chinese pump and dumpers like Lao Mao and Zhao Dong, so it's probably a combination of Giancarlo + a few of these Chinese scammers (combined with the Chinese mining cartels of Bitmain) that have rigged the bitcoin price upwards all the way from $200 to $20,000:

[rebal15]

Been watching the bitfinex BTC funding book since 5k, I think more bad news about tether and Bitfinex will come out.

[El duderino_]

End of the day, open WO last page ..... r0ach, r0ach and rebalf*** damn ......

Instant go to HODLsleep

No time for those F***up’s!

Goodnight WO’s and HODL on.

[rebal15]

Keep in mind, the only public (anti gov) exchange is Bitfinex. The only wide world exchange is bitfinex. God bless Bitfinex.

[dyask]

Bitcoin is simply not going to succeed because you can't commit fraud with it.

Bitcoin is designed for fraud.  It's not actually possible to take delivery of a bitcoin - it's 'cloud banking'.  If you're unable to actually take possession of something you make believe is your 'asset', you're gonna get screwed. Since tokens are non-fungible and transaction validators are designed to centralize, you then need to beg permission to one of the 1-10 megapools/miners which will be heavily govt controlled.  It's nothing more than an empowering govt scheme - a global surveillance and control cashless society slave system.

#BitcoinIsCompleteOrwellianGarbage
#BuyPhysicalMetals

That is pretty poorly thought out!   The whole commodities exchange is based on things one can't actually take hold of except in theory.   In fact that is true of stocks too for the most part.  Forex is trading is like that too!  Then there is the options and futures markets.   On and on, it is all based on "cloud banking" even long before cloud computing existed.

There is a lot of fraud with Bitcoin, but that isn't by design.   Traditional FEIT currencies are much more useful crime because they can be truly anonymous unless a lot of effort is put into tracing the currency.    Also huge amounts of currency can be digitally transfer that can't be actually physically taken delivery of.  While Bitcoin has been used in scams and even large scale crime, it leaves trails that take a lot of effort to hide.  

Additionally one can take physical delivery of bitcoin in the form of a hardware wallet.  It is really little different than any other form of money as far as possession is concerned.  

Bitcoin has centralized but it has nothing to do with the fungibility of bitcoin, rather it is due to what proof of work is for bitcoin.   While there are mega-pools they are seldom if ever controlled by governments.   In fact now there are a more than 10 large pools.  It is currently rare to see a pool taking over 20% of the network hashing.   It used to be that fewer mega-pools were handling more than that.     Additionally pools can be used without begging for permission, most of the time one only needs a wallet address.   Clearly you have never mined any bitcoin or else you would know that.

Cashless society is happening but it doesn't need crypto-currency to exist.    

[rebal15]

End of the day, open WO last page ..... r0ach, r0ach and rebalf*** damn ......

Instant go to HODLsleep

No time for those F***up’s!

Goodnight WO’s and HODL on.

Your mind is so small to undetstand things. Just repeat what others say.

[DaRude]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I'm surprised to see how many people thought the tether folks wouldn't be fuck heads. No way did I expect them to not attempt to invest tether USD and profit off it while no one is aware.

Of course they would. The statement "This time it's different" was told to me when I walked from a dot.com in 2000. It has the same validity as "I won't cum in your mouth".....

I trust bitcoin for some weird reason. It's why I accept payment for work in it, and why I value it. Not for stupid shit like dollars, but because the idea behind it is a good one: "No, I actually will not cum in your mouth and here is the proof".

That's the problem with fiat, you're really not in control of it. Even if they did have customers best interest (and i do believe that to be the case, who would you kill the golden goose?) they had to work with banks to transfer a lot of fiat, and they have little control over that process. Best they can do is diversify and play whack a mole with banks freezing their accounts. It was obvious from the start i just can't believe that market didn't correctly price that risk in. In any case, look at it this way, they just had an audit and are confirmed to have 74% of their funds, which is much more than i thought they did.

[realr0ach]

@micgoossens your queen is bitcoiner so you are good for next 50 Years.

The boomers were already getting divorced at some outrageously high rate like 50%.  Then you combine the fact that female hypergamy is limited SOLELY by the roaming distance their environment allows, once you give them these cell phones 24/7 linked to things like Tinder for an infinite roaming radius, there's virtually no reason to enter into these deals anymore.

It becomes a hostage situation of "treat me like god or i'll just look at my phone real fast for a replacement".  So you're now the servant of a bimbo who at any time of day can just say "I'm bored" then legally take all your money and possessions + alimony.  LOL who is actually signing up for such a contract?  Japan is basically already there, and the rest of the world will probably be full-blown MGTOW in 5-10 years.  

[megadeth]

MatTheCat would be proud.

[d_eddie]

This is the historical since the beginning of the thread WO:

+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

[Biodom]

This is the historical since the beginning of the thread WO:

+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

yes, merited VB 1001.

[John Abraham]

20% of US aged 18-35 own Bitcoin.
https://twitter.com/ErikVoorhees/status/1123214419062689792

Imagine, if it's 40%  

Nevermind, the percentage can increase/decrease, bitcoin supply can't.

[Biodom]

20% of US aged 18-35 own Bitcoin.
https://twitter.com/ErikVoorhees/status/1123214419062689792

Imagine, if it's 40%  

I would prefer if 40% of 50-60 year olds got to own it.
Two reasons;
1. they got much more money (on average).
2. they would mostly give such btc to 'youngsters' in due course, restricting spending of it for a while.

[ssmc2]

I'd love for it to be true but there's no way that stat is accurate.

[realr0ach]

Additionally one can take physical delivery of bitcoin in the form of a hardware wallet

Jesus Christ, can you people stop lying for even one minute?  Bitcoin is cloud banking - a virtual breadloaf that you claim to own a slice of.  It CANNOT be removed from this cloud system; you cannot transport it to your house, a safe, your car; it never moves, it always stays in the cloud.  It is not possible to take delivery of a bitcoin.  If it was possible, the act of me deploying a giant mass of ASICs and censoring all transactions except my own would have no effect on you, but it does.

You can't do jack shit because you never had possession of anything.  It's billed as a cooperative system with some sort of Nash equilibrium, but it's nothing more than a dystopian permissioned ledger in practice, ripe for complete govt control since transaction validators/mining warehouses centralize so much and have such easy surface attack vector for govt control and regulation.  

Just about everything concerning the whitepaper was either false from the start or became untrue over time.  For example, it claims bitcoin is a "peer to peer" system for transactions, yet it's not even possible to do a transaction without involving three or more parties in the first place.  The extra parties are the built-in rent seeking middlemen, then the nodes and whole mass of other shit.  I do not consider a system with built-in 3rd parties as "peer to peer". Whereas using physical metals or even a god damned tree branch I can do an actual peer to peer transaction.

[bitserve]

^ Hey R0ach. It seems that besides all the warnings about Bitcoin risks and all that bullshit another rally is cooking. It may happen in the next year, or maybe a bit more, but that doesn't matter... Will you take advantage of it this time or will we have to keep hearing your lamenting till the end of time?

[realr0ach]

^ Hey R0ach.

Hey Bitserve, I noticed that you (and the other assortment of scammers in the thread) keep lying about Bitcoin claiming it's things that it's not in order to try and scam people for profit, which is why you have absolutely zero rebuttal to what I just typed and instead started babbling about something else.

[bitserve]

20% of US aged 18-35 own Bitcoin.
https://twitter.com/ErikVoorhees/status/1123214419062689792

Imagine, if it's 40%  

Nevermind, the percentage can increase/decrease, bitcoin supply can't.

It's not 20%. All those stats are full of shit. It is not more accurate than those that youtube sometimes ask me and I randomly click whatever choice without even reading the question because I got not time for that shit.

[bitserve]

^r0ach. Read my post history. You won't find me saying that things you assume I do say. In fact some of the things you say are true... even if many/most aren't. You just don't get that IT DOESN'T FUCKING MATTER. Grow up.

[jojo69]

There was some interest in the antics of my neighbor and his 69 Camaro last year so I will offer an update.

His tech is scheduled for Saturday, it just came out of the garage for the first time this season and laid a solid 80 ft burnout in our alley.

All the cats in the neighborhood are in hiding.