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

[Biodom]

BTC did not "like" the GOT ending, or so it seems, lol.
All eyes on Tuesday.

I always "marveled" at Wallstreet's ability to plunge the asset a day or two before the good news and pump it before bad.
So many examples. I remember one in particular.
In 2003, rumors were spreading that AAPL is about to buy Disney and this depressed AAPL stock.
Large blocks were purchased by people in the know, apparently (check the volume), and a few days later AAPL announced iTunes and the stock went on a multi-year tear.

[realr0ach]

Bitcoin is a store of value.

Wrong for the 4000th time.  Nothing can be a store of value unless it's a non-perishable commodity.  Bitcoin is neither non-perishable or a commodity.  Claiming Bitcoin is a store of value is no different than claiming Dogecoin, Factcom, or NXT is a store of value.  Everyone knows that statement is completely false.  You just pretend you can pass off your lie for bitcoin in an attempt at personal gain.  

In case whoever is reading this is stupid and can't figure it out, things like Bitcoin require external inputs to exist at all.  It's extremely perishable and can disappear at any second without proper inputs being received.  A real non-perishable commodity like silver or gold simply sits there rejecting any advance of entropy (as far as any human civilization time span is concerned) without requiring external inputs and doesn't simply vanish without a black hole hitting the planet.

[marcus_of_augustus]

pump incoming ...

[dyask]

Bitcoin is a store of value.

Wrong for the 4000th time.  Nothing is a store of value unless it's a non-perishable commodity.  Bitcoin is neither non-perishable or a commodity.  Claiming Bitcoin is a store of value is no different than claiming Dogecoin, Factcom, or NXT is a store of value.  Everyone knows that statement is completely false, you just pretend you can pass off your lie for bitcoin in an attempt at personal gain.  

In case whoever is reading this is stupid and can't figure it out, things like Bitcoin require external inputs to exist at all.  It's extremely perishable and can disappear at any second.  A real non-perishable commodity like silver or gold simply sits there rejecting any advance of entropy (as far as any human civilization time span is concerned) and doesn't simply vanish without a black hole hitting the planet.

Total nonsense.   A store of value can be anything that a society chooses.   Many non-metal things have been used in the past, such as salt and even stones carved into wheels.   Today, art, coins, stamps, baseball cards and even dolls are often used as stores of values.   As far a commodities go, they are mostly traded in forms of derivatives and actually probably less real than crypto-currency.    Most stores of value in this age are nothing more than numbers in accounts.   We are so far from using gold or silver as a currency that hording them provides no security.   Gold does have a long history of being a useful store of value, but we are at the end of that period.   Maybe you can be buried in a gold coffin, you won't be any better off than someone buried at sea.  In the future maybe your coffin will be found and people will wonder how profoundly stupid it was to horde so much almost as such a common resource as gold.  

[realr0ach]

pump incoming ...

[kurious]

http://ufreetv.com/cbs.html

Nice one - useful!

[Toxic2040]

pump incoming ...

#stronghands'19

[realr0ach]

Bitcoin is a store of value.

Wrong for the 4000th time.  Nothing is a store of value unless it's a non-perishable commodity.  Bitcoin is neither non-perishable or a commodity.  Claiming Bitcoin is a store of value is no different than claiming Dogecoin, Factcom, or NXT is a store of value.  Everyone knows that statement is completely false, you just pretend you can pass off your lie for bitcoin in an attempt at personal gain.  

In case whoever is reading this is stupid and can't figure it out, things like Bitcoin require external inputs to exist at all.  It's extremely perishable and can disappear at any second.  A real non-perishable commodity like silver or gold simply sits there rejecting any advance of entropy (as far as any human civilization time span is concerned) and doesn't simply vanish without a black hole hitting the planet.

Total nonsense.   A store of value can be anything that a society chooses.   Many non-metal things have been used in the past, such as salt and even stones carved into wheels.   Today, art, coins, stamps, baseball cards and even dolls are often used as stores of values.   As far a commodities go, they are mostly traded in forms of derivatives and actually probably less real than crypto-currency.    Most stores of value in this age are nothing more than numbers in accounts.   We are so far from using gold or silver as a currency that hording them provides no security.   Gold does have a long history of being a useful store of value, but we are at the end of that period.   Maybe you can be buried in a gold coffin, you won't be any better off than someone buried at sea.  In the future maybe your coffin will be found and people will wonder how profoundly stupid it was to horde so much almost as such a common resource as gold.  

The purpose of money is to transfer value from the present to the future.  Time span is 'relative' to the 3rd party observers in this equation, but yes, table salt is an actual commodity that can reliably be used as a store of value for....five years.  If another commodity - let's say gold or silver - can reliably be used as a store of value for a consecutive millions or even billions of years, is it not a much superior store of value?  Of course it is.  

What is the reliable time span bitcoin can be used as a store of value?  The answer is ZERO, because it is not non-perishable, has no time span at all of reliable usage such as five years for salt, and can disappear at any second because it requires external inputs to exist at all.  Bitcoin is not money.  It is not a commodity.  It is not a store of value.  The only thing it can be classified as is a currency.  It even has currency in the name "cryptocurrency" just in case you're too stupid to figure it out.  Currencies are never stores of value and virtually any currency that's ever existed is generally a scam that always starts at a value of zero and returns there on a long enough timeline.

[Toxic2040]

mostly sideways with laddering coming soon   #dyor

1h

#stronghands'19

[Cryptotourist]

First stop Athens just to see if there are any visible scars of a broken economy

Been there myself lately but only for a couple of days. No signs of economic disaster in the streets whatsoever. Looks just like any other European city. Perhaps I didn't know where to look (all the bad neighborhoods etc...)  

Did you happen to go for an evening stroll?

It's bank accounts broken, not the glamour.
That said, 10 years ago you would never see people eating off garbage cans.

Don't forget to visit Filis Street near Victoria Square.

[infofront]

Next stop...$16,000?



https://twitter.com/davthewave/status/1130339465061265408

[realr0ach]

Infofront, that chart was terrible and you should feel ashamed of yourself.  The entire cup and handle formation was completely rigged by a single person, as evidenced by most of it's creation being from one green candle on the right side of the cup, but anyway, the handle was down near the $5400 area on that chart and you already had the manipulated springboard off the handle rise from there so there's not even any reason on the chart for it to go up a second time or just go parabolic to the moon for no reason.

TLDR: everything above the $4200 area where that ascending wedge ended was entirely fake and painting the tape with that big, non-aggregate green candle pump and dump scam, so that's where the actual current, tenuous, known support is, at the end of that $4200 wedge.  Bitcoin is a complete garbage buy on that chart if current known, tenuous support is half the current price of $8000.

[El duderino_]

Just woke up, pretty early..... gonna catch up with the thread after work out....

But first Mic don’t qoute tha r0ach

Good morning BTC’ers

5-6 pages and still the same price as I was going to sleep?? Curious what i’m gonna read.

[infofront]

Poll results:

[realr0ach]

Current chart looks like they're just floating it at an orchestrated double top to try and bait someone to short it with a lot of money to then squeeze them.  If nobody shorts, down it goes.  If somebody shorts, prepare to get squeezed by this completely artificial, fake market and it's crooked exchanges.

[Cryptotourist]

r0ach it is you that should be ashamed of yourself, for busting our balls daily about PM's, and littering this thread with hatred for BTC, women & humanity in general.
First judge yourself and then others.
At least I hope that you're getting paid for all this.

Edit: your last post was definitely better.

[realr0ach]

Why would I hate women?  I don't even hate black people or jews.  If a racoon gets into your garbage, you don't hate the raccoon.  Similarly, if one is aware of the predatory nature of the female, or the likelihood of a random colored person to steal your bicycle or try to kill you for no reason, it's pretty much the same thing.  You just recognize the problem, adapt and overcome.

[Cryptotourist]

Soooo, you love women, black people & Jews, but you're a Nazi at heart right?
Do you even believe in what you are writing?

By your own logic - you should recognize BTC & where it's going, and adopt.
Like on the Keiser video yesterday:

"Is just the frustration with gold & silver, and the inability to do what everyone says it's going to do, and then BTC came around and it's like doing what everyone thought gold and silver could do."

[realr0ach]

Like on the Keiser video yesterday

I don't think I've ever once seen Keiser or any of his Bitcoin cheerleader guests on his show say a single interesting thing about Bitcoin.  Almost all of it is simply parroting Andreas Antonopolous, used car salesman propaganda and lies similar to what JayJuanGee does in an attempt to pump and dump.  They don't talk about anything based in objective reality such as if decentralization has been solved or if it's even possible to solve at all (nope), or whether scaling has been solved (nope).

They don't talk about how the (((blockchain))) is nothing more than a giant govt tracking system that abolishes the 5th amendment with the only real evolutionary endgame of a non-fungible token where transaction validators are designed to centralize being an exact replica of the Chinese social credit score system.  The list goes on.  No matter what you think of this garbage, the objective reality is that the odds of it being a dystopian tool of govt are far higher than beneficial.  Metals have no such downsides while also being a superior monetary instrument.

[cryptjh]

Nearly all inflows in Q1 were into Grayscale Bitcoin Trust (99%). One possible explanation for this is that Bitcoin may have found a “sweet spot” with respect to relative risk and return expectations versus other digital assets.
https://grayscale.co/digital-asset-investment-report-q1-2019/