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

[STT]

Any comments on this?

Every market can be called faked, the entire currency index is debased and inaccurate so its a given but that doesnt alter silver is looking negative

Easiest take on that would be that world growth is not especially strong.   Silver is a difficult play because its requiring industrial growth in many metals use not just silver.   Gold is a fair smarter or easier thing to play as its moving more within its own class, its also subject to net buying for over a decade afaik.    The case for silver as a monetary metal at all is a decade away, its highly speculative so right now its all about its usage growing faster then supply which relates to world GDP I guess.

I dont see anything like silver coins being an asset with utility, crypto or alternate FIAT standards is far more likely a growth area even if Dollar showed its true deficit weakness rather then reflecting politics.
I'm definitely not negative on silver and I have shares in the worlds largest primary producing silver mine but they are also a gold miner.  Its a long game, ten year time scale and that chart is YTD which is like checking yesterdays tv guide for much accuracy in long term direction.
 Dollar Index is interesting, can it put in a lower high because that scenario falling from that high (while feeling negative now) is very bullish for alternatives even silver but crypto I think is benefiting from excessive dollar liquidity
A plain silver mine must be a tough business as oil rose and market price for silver fell which knocks out the production not easily obtained or mined in conjunction with other minerals
Consider BHP for a silver hold (10th +9th biggest silver mine), they are far more diversified including oil, silver and can afford to pay a dividend for those ten years of waiting for a turn in the tide.


I was waiting on BTC for someone to tell me the news relating to price movement.    The fact its a big bar that has us breaking upwards is correct, its a break of some trend resistance.   In fact its replaying the previous sell off and we must test the highs again I guess

[VB1001]

M2 money supply in 1959 = $286B, 2019 = $14.5T, or about 6.76% a year.
Dow Jones Industrial Index in 1959 = 588, 2019 = 25764, or about 6.5% a year.

Stock market as a great "investment" loses its luster when looking at real inflation.

https://twitter.com/jimmysong/status/1129767782969688066

Flood the market by printing more papers, result> all false.

I am an admirer of Jimmy Song, and I support All he does and I am also going to buy his book even if I suck at programming anything, let alone programming Bitcoin... but here I think he got something wrong.

Inflation rate is very different from M2 creation rate.
 You cannot ignore the difference of the two after 2008, when M2 has been created at 5% annually (Mhh let me check this one) but inflation failed to materialised.

You can compare M2 growth with growth in mined bitcoin OR inflation rate in USD (or whatever FIAT or mix of fiat you want) and the deflation in BTC (Bitcoin has been a deflationary currency over the years, having gained purchasing power since 2009).

Ok, thank you fillippone for clarifying the M2 theme, but I have this phrase, which is the pure reality:

"Stock market as a great "investment" loses its luster when looking at real inflation."

[bitcoinPsycho]

A bit late but ....

[fillippone]

M2 money supply in 1959 = $286B, 2019 = $14.5T, or about 6.76% a year.
Dow Jones Industrial Index in 1959 = 588, 2019 = 25764, or about 6.5% a year.

Stock market as a great "investment" loses its luster when looking at real inflation.

https://twitter.com/jimmysong/status/1129767782969688066

Flood the market by printing more papers, result> all false.

I am an admirer of Jimmy Song, and I support All he does and I am also going to buy his book even if I suck at programming anything, let alone programming Bitcoin... but here I think he got something wrong.

Inflation rate is very different from M2 creation rate.
 You cannot ignore the difference of the two after 2008, when M2 has been created at 5% annually (Mhh let me check this one) but inflation failed to materialised.

You can compare M2 growth with growth in mined bitcoin OR inflation rate in USD (or whatever FIAT or mix of fiat you want) and the deflation in BTC (Bitcoin has been a deflationary currency over the years, having gained purchasing power since 2009).

Ok, thank you fillippone for clarifying the M2 theme, but I have this phrase, which is the pure reality:

"Stock market as a great "investment" loses its luster when looking at real inflation."

Also this is something that need to be clarified:

1. Stocks distribute dividends over the years, those cannot be simply written out, but need to be taken in account.
2. Inflation erodes performance in real terms.

Over multi decades analysis those factors pushing in opposite directions cannot be overlooked.
I was starting to write something, but I found this good read. Good base for further discussion if anyone interested:
http://www.simplestockinvesting.com/SP500-historical-real-total-returns.htm

Executive summary: 1950-2009 YEARLY real total stock return: 7%.
This is not bad IMHO. Missing all the bull run poet 2009 with QE, high stock return and low inflation.

 

[ProfTP]

Good Morning HODLER Companions,

this pump is great!!!!

lets keep this level so we can go much higher over the coming weeks.


I am so tired of all these people just refering to old chart patterns. Lets us go into new places where everybody doesnt know how it will play out.




Have a great sunday, enjoy your time and give a smile

[Globb0]

You bungling idiot, fail on fail in that effort -1

[bitcoinPsycho]

[/url]

[LFC_Bitcoin]

Starting to think these ETF rumors for the May 21st approval might be real. More and more its starting to feel like insiders are buying bc they really know something we dont. ETF please and pamp it please!

Do you think so?
I dunno, the SEC seem to hate the idea of a bitcoin ETF, every single attempt so far has been basically told to fuck off.

I don’t think so but I’d LOVE to be wrong on this. I think a bitcoin ETF would take us to a new ATH this year.

[VB1001]

https://twitter.com/ecb/status/1105494215381913601

"As a central bank, we can create money to buy assets"

motherfuckers

[andreibi]

Starting to think these ETF rumors for the May 21st approval might be real. More and more its starting to feel like insiders are buying bc they really know something we dont. ETF please and pamp it please!

Do you think so?
I dunno, the SEC seem to hate the idea of a bitcoin ETF, every single attempt so far has been basically told to fuck off.

I don’t think so but I’d LOVE to be wrong on this. I think a bitcoin ETF would take us to a new ATH this year.

Yeah, new all-time-high price but just after the news come out, I expect dumpage first (Sell the news). Anyway, Bitcoin is back to above $8,000. So much buying, it's like  there's no tomorrow. I wouldn't sell just yet.

[LFC_Bitcoin]

Starting to think these ETF rumors for the May 21st approval might be real. More and more its starting to feel like insiders are buying bc they really know something we dont. ETF please and pamp it please!

Do you think so?
I dunno, the SEC seem to hate the idea of a bitcoin ETF, every single attempt so far has been basically told to fuck off.

I don’t think so but I’d LOVE to be wrong on this. I think a bitcoin ETF would take us to a new ATH this year.

Yeah, new all-time-high price but just after the news come out, I expect dumpage first (Sell the news). Anyway, Bitcoin is back to above $8,000. So much buying, it's like  there's no tomorrow. I wouldn't sell just yet.

I’m not selling until 2021/22. We haven’t even reached the halving yet & the price always goes crazy around 6 months post halving so lots of time to wait for me.

[El duderino_]

Every day I discover more of the most successful people in the world are Bitcoiners.

Billionaires, professional athletes, engineers, business executives, etc.

I’ve never been more bullish. 🔥
https://twitter.com/apompliano/status/1129478718785818624?s=21

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1129572359491465222?s=21

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1129528359216648192?s=21

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1130019093543886848?s=21

via Imgflip Meme Generator

https://twitter.com/black_pomp/status/1129827452044423169?s=21

Wooooooooooooooow, Mic being caught waking up late .... 11.00 CET

Otherwise I would already have shown myself during a 1K pump

And indeed as BoB says on that last pic, let get That bread and late breakfast .....

Goooooooooooooood Sunday F***ing morning brothers and watchers of this wall now Lets get caught up with the last pages!

[El duderino_]

Somebody get Goose out of the Hodlnest to help us Pamp it to 9000!

Hope i’m still in time, yes still @ around 8K

Wouldn’t wanna miss the first true 9K vegeta thats gonna get posted

[criptix]

Bullish as fuck if this weekly candle closes at 8k

[LFC_Bitcoin]

Bullish as fuck if this weekly candle closes at 8k

$7,999 as I type this.

PUMP it mother fuckers

[Last of the V8s]

su-uch a coincidence that. someone assaults

"Jingle All The Way" star Arnold Schwarzenegger

not 4 hours later Bitcoin adds 10% to show the world we are not amused.

[realr0ach]

As for roach, I know you think btc is set to implode and one player is manipulating the market in his favour. If true, how long do you think this can continue on?

In the past when the price would double from like $200 to $400 with some giant, non-aggregate market candles, it was the general consensus it was the Chicom mining monopolies/cartel rigging the price to scam people.  They have a monopoly; they mine everything; they rig the price artificially high; they dump on you.  Seeing as how Bitmain's balance sheet had them making just obscene amounts of money, it's a pretty logical conclusion.  So I wouldn't be surprised if this entire thing is just one giant Chinese scam that keeps on going until dumbass westerners run out of money for them to fleece and then the bubble deflates.

The words "Chicom" and "mining monopoly" were used on like every page back in the old days because people knew exactly what was going on and were pissed off they had a complete monopoly.  It was obvious it was them rigging the price to most people.  I never liked the idea of Chinese scammers exporting imaginary, valueless tokens to the west at artificially rigged high prices.  It's basically what the Federal Reserve attempts to do to the rest of the world - send them all valueless paper for real goods and resources.

The Chinese thing is like a sick joke of them getting revenge on the fed in that regard.  Bitcoin is now at such a retardedly high market cap, it's not just a harmless penny stock pump and dump by the Chicoms doing stuff like that, it's more of a real economic warfare for everyone left holding the bag should the bubble deflate.  People like Tim Draper, Mike Novogratz, and Barry Silbert walking around with billions of dollars invested in this garbage.  If it blows up and leaves them holding the bag with nothing, that's billions of dollars that could have been used to actually invest in America, and instead it all went overseas to a Chicom market rigging scam.

[ProfTP]

Bullish as fuck if this weekly candle closes at 8k

and its on its way over 8000 with a strong candle.

it will be a very interresting summer.


Summer of PUMP 2019

[Last of the V8s]

[Last of the V8s]

Summer of PUMP 2019

Autumn of MOON 2019