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

[600watt]

An OG with 50k coins will have more power than most countries do now.
~150 of them will have half the world's wealth.
By far the most people will not have any money at all.
Bitcoin will bring about a new feudal technocracy.
But first, complete chaos.

That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash?
Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown.
Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit.
I am close to 100% certain that blockFi will kick the bucket at one point or another.

You could do lending  crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it.

Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop.

They could buy stock in Volkswagen as they own Lamborghini and that shits going to spike. That might be a safe bet actually 😉

LOL..so that 2008 superspike in Volkswagen stock was maybe a premonition of things to come? JK
https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028

bitcoin was the second time in my life that i tried to invest in something. first time was ... well... the dotcom bubble. i had $10k to invest, went to my bank and told i want to invest in tech companies. my banker gave me a list of stocks he would recommend. i invested $9k in internet stocks and told him i want to put $1k in something as far away from internet stocks as possible. he did not like that idea and tried to talk me out of it. i insisted and picked volkswagen. wasn´t a hot stock at that time, the banker shook his head.
a few days later the dot com bubble bursts and within just a few days my portfolio went down from $10k to $1k (the VW shares did not move a bit), all tech stock i had was worth only pennies. i bought the very very top of a multiyear bubble. man, i got so mad. i swore to myself i would fucking hold that those vw shares until they 10folded, so i would come out clean.   everyone told me it was a stupid idea because stocks of car companies never 10fold. 8 years later (!) the vw shares made a sudden 10fold and i sold right away. the banker never looked into my eyes again and i had learned a big lesson.
when i bought my first bitcoin it again was at the very top of a bubble. bitcoin started a 90% nose dive one day after i bought.
i still own the dot com bubble stock. still worth only pennies. in harsh contrast to the btc i bought.

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[kingcolex]

Yeah except eth didn't fucking move it's btc pair at all for the entire 6-8k. It's just moving back to .03 that's all.

But it did move from $6k-$8k.
Lost BTC value, that it's gaining back.
Went from 0.032 to 0.025 roughly.

Which exchange?

Edit: Binance I suppose.

yeah Binance is what I day trade my eth/btc on, the btc value hasn't moved much* it's been sitting around the .026 for this last week or two pump now.

I thought the loss was right before the pump, I could be wrong though.

[toknormal]

BTC breaking out.

[Pamoldar]

Oh my...

https://twitter.com/CharlieShrem/status/1128672742935494656



Next planned fork >>>

LOL

BitcoinCashClassic
BitcoinCashCash:
 BitcoinCashCashCash
 BitcoinCashCashClassicClassic
 BitcoinCashCashCashSV
 BitcoinCashCashClassicClassicSV

[Biodom]

An OG with 50k coins will have more power than most countries do now.
~150 of them will have half the world's wealth.
By far the most people will not have any money at all.
Bitcoin will bring about a new feudal technocracy.
But first, complete chaos.

That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash?
Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown.
Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit.
I am close to 100% certain that blockFi will kick the bucket at one point or another.

You could do lending  crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it.

Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop.

They could buy stock in Volkswagen as they own Lamborghini and that shits going to spike. That might be a safe bet actually 😉

LOL..so that 2008 superspike in Volkswagen stock was maybe a premonition of things to come? JK
https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028

bitcoin was the second time in my life that i tried to invest in something. first time was ... well... the dotcom bubble. i had $10k to invest, went to my bank and told i want to invest in tech companies. my banker gave me a list of stocks he would recommend. i invested $9k in internet stocks and told him i want to put $1k in something as far away from internet stocks as possible. he did not like that idea and tried to talk me out of it. i insisted and picked volkswagen. wasn´t a hot stock at that time, the banker shook his head.
a few days later the dot com bubble bursts and within just a few days my portfolio went down from $10k to $1k (the VW shares did not move a bit), all tech stock i had was worth only pennies. i bought the very very top of a multiyear bubble. man, i got so mad. i swore to myself i would fucking hold that those vw shares until they 10folded, so i would come out clean.   everyone told me it was a stupid idea because stocks of car companies never 10fold. 8 years later (!) the vw shares made a sudden 10fold and i sold right away. the banker never looked into my eyes again and i had learned a big lesson.
when i bought my first bitcoin it again was at the very top of a bubble. bitcoin started a 90% nose dive one day after i bought.
i still own the dot com bubble stock. still worth only pennies. in harsh contrast to the btc i bought.

What a cool story, thanks...
I first made quite well on internet stocks (being an investment newbie back then), then lost almost EVERYTHING, apart from money I cashed out during 1997-2001 on family expenses and a house downpayment. Had to rebuild my stocks back from a low number, mostly in retirement accounts, but, hey, I got a house out of it back then.
The propensity for "risky" bets reared it's head again with btc, lol.

[Pamoldar]

BTC breaking out.

$8,247!!!

[Biodom]

BTC breaking out.

$8,247!!!

kawabangaaa!

[fillippone]

Oh my...

https://twitter.com/CharlieShrem/status/1128672742935494656



Next planned fork >>>

SBTC is actually a real BTC fork: Superbitcoin (SBTC)

https://forkdrop.io/super-bitcoin

[Last of the V8s]

https://bitcointalk.org/index.php?topic=4919568.msg51068122#msg51068122
  then 

[kenzawak]

Looong read (I'll save it for another day but seems interesting) :

Bitcoin’s Security is Fine
(by Dan Held)

https://blog.picks.co/bitcoins-security-is-fine-93391d9b61a8

[Pamoldar]

BTC breaking out.

$8,247!!!

kawabangaaa!

$8,129

[Pamoldar]

https://bitcointalk.org/index.php?topic=4919568.msg51068122#msg51068122
  then 

Okay I saw the moon LOL

[Biodom]

https://bitcointalk.org/index.php?topic=4919568.msg51068122#msg51068122
  then 

His other scenarios (https://bitcointalk.org/index.php?topic=4919568.msg51061990#msg51061990) are quite reasonable, but the one above is a bit hard to believe even as a possibility.
Albeit, who knows.

[micgoossens]

JP Morgan is telling people that the trade war between the US and China could boost safe haven currencies.

Bitcoin is the best safe haven currency in the world.

Nervous about global chaos??

Buy the strongest non-sovereign currency.

https://twitter.com/APompliano/status/1128737698565500928

[micgoossens]

https://www.keevowallet.com/

What to think of these wallet ?

[Pamoldar]

https://www.keevowallet.com/

What to think of these wallet ?

Cool looking hardware wallet.
My Ledger Neno is becoming old LOL

[micgoossens]

1 Satoshi is now worth more than:

1 Indonesian Rupiah (IRR)
1 Vietnamese Dong (VND)
1 Iranian Rial (IRR)

Tick tock 🕙🕚

https://twitter.com/C_Bendiksen/status/1128669181363347456

[micgoossens]

https://www.keevowallet.com/

What to think of these wallet ?

Cool looking hardware wallet.
My Ledger Neno is becoming old LOL

Nano

But indeed, damnnnn.

[infofront]

https://bitcointalk.org/index.php?topic=4919568.msg51068122#msg51068122
  then 

His other scenarios (https://bitcointalk.org/index.php?topic=4919568.msg51061990#msg51061990) are quite reasonable, but the one above is a bit hard to believe even as a possibility.
Albeit, who knows.

For those who didn't read this or visit the discussion thread, this is one of the scenarios posited by Anonymint (Shelby) - that BTC will reach $78,664 within a week or so, followed by a crash to $1,700.

[infofront]