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

[_javier_]

do we have WO residents participating in whalepool telegram chat?

we can make a telegram group too.. you know.. to make the arrangements for the 100k party. My vote goes to make it in Cayman Islands. 

[1714771862]

1714771862

[bitserve]

https://nypost.com/2019/05/22/bitcoin-manipulation-madness-calls-for-massive-investigation/



found this gem. folks, if you are ready for some kind words of a NYP author then lean back, grab a beer and/or joint and enjoy the show.

The US, the European Union and China need to investigate who is behind the manipulation of bitcoin’s price.

And since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now. No need to even make a phone call.

As I’ve said before, bitcoin is nothing more than a confidence game. It’s worth nothing if people suddenly lose their confidence in this fake digital currency. It’s backed by nothing. It’s the definition of a con.

That’s why people who are propping up bitcoin lose their minds whenever someone like me writes anything negative about it. That’s what happened on Tuesday.

Thanks, folks, for all the e-mails and tweets. Keep them coming!

I’ll keep them handy because I am sure that every one of these writers will be thrilled to defend bitcoin in front of investigators from the Securities & Exchange Commission, the Justice Department, the IRS, Homeland Security and any other agency that will eventually get in on the action.

Just so you know, I didn’t start this latest skirmish with the bitcoin, uh, let’s call them “enthusiasts.”

Mario Draghi, head of the European Central Bank started it when he said recently: “Cryptocurrencies or bitcoins, or anything like that, are not really currencies — they are assets. A euro is a euro — today, tomorrow, in a month — it’s always a euro. And the ECB is behind the euro. Who is behind the cryptocurrencies? So they are very, very risky assets.”

Federal Reserve Chairman Jerome Powell has said pretty much the same thing. “There are investor and consumer protection issues as well” with bitcoins, Powell told the House Financial Services Committee a year ago.

Powell also said cryptocurrencies are not real currencies because they have no intrinsic value.

I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.

Legendary investor Warren Buffett called bitcoin “rat poison squared.” And Berkshire Hathaway Vice Chairman Charlie Munger said trading in cryptocurrencies is “just dementia.”

Jamie Dimon, head of JPMorgan Chase, has called bitcoin a “fraud,” although he has since backed off that view. Dimon was probably getting pressure from his company’s traders, who figure they can make a quick score before bitcoin collapses.

But there are simple means for settling this: investigations. Do them now, before gullible investors take another hit like they did when bitcoin fell from $20,000.

An analyst named Tom Lee, of little-known Fundstrat Global Advisors, seems to be going to heroic lengths to promote bitcoin. He should be the first to be asked his opinion and how much of his own money is invested in the crypto market.

nouriel, is that you?  

Read it some time (?days? weeks?) ago. I think I stopped reading at this: "And since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now. No need to even make a phone call."

Yeah, because you don't even need to call your pal "donnie"... he is just permanently looking for the slightest signal from you to act on your command.

Clown.

[bitserve]

do we have WO residents participating in whalepool telegram chat?

we can make a telegram group too.. you know.. to make the arrangements for the 100k party. My vote goes to make it in Cayman Islands.  

I stand by my vote of Vegas (in summer). The place was basically built from scratch to host the $100K summit/party.

[xhomerx10]

https://nypost.com/2019/05/22/bitcoin-manipulation-madness-calls-for-massive-investigation/



found this gem. folks, if you are ready for some kind words of a NYP author then lean back, grab a beer and/or joint and enjoy the show.

The US, the European Union and China need to investigate who is behind the manipulation of bitcoin’s price.

And since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now. No need to even make a phone call.

As I’ve said before, bitcoin is nothing more than a confidence game. It’s worth nothing if people suddenly lose their confidence in this fake digital currency. It’s backed by nothing. It’s the definition of a con.

That’s why people who are propping up bitcoin lose their minds whenever someone like me writes anything negative about it. That’s what happened on Tuesday.

Thanks, folks, for all the e-mails and tweets. Keep them coming!

I’ll keep them handy because I am sure that every one of these writers will be thrilled to defend bitcoin in front of investigators from the Securities & Exchange Commission, the Justice Department, the IRS, Homeland Security and any other agency that will eventually get in on the action.

Just so you know, I didn’t start this latest skirmish with the bitcoin, uh, let’s call them “enthusiasts.”

Mario Draghi, head of the European Central Bank started it when he said recently: “Cryptocurrencies or bitcoins, or anything like that, are not really currencies — they are assets. A euro is a euro — today, tomorrow, in a month — it’s always a euro. And the ECB is behind the euro. Who is behind the cryptocurrencies? So they are very, very risky assets.”

Federal Reserve Chairman Jerome Powell has said pretty much the same thing. “There are investor and consumer protection issues as well” with bitcoins, Powell told the House Financial Services Committee a year ago.

Powell also said cryptocurrencies are not real currencies because they have no intrinsic value.

I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.

Legendary investor Warren Buffett called bitcoin “rat poison squared.” And Berkshire Hathaway Vice Chairman Charlie Munger said trading in cryptocurrencies is “just dementia.”

Jamie Dimon, head of JPMorgan Chase, has called bitcoin a “fraud,” although he has since backed off that view. Dimon was probably getting pressure from his company’s traders, who figure they can make a quick score before bitcoin collapses.

But there are simple means for settling this: investigations. Do them now, before gullible investors take another hit like they did when bitcoin fell from $20,000.

An analyst named Tom Lee, of little-known Fundstrat Global Advisors, seems to be going to heroic lengths to promote bitcoin. He should be the first to be asked his opinion and how much of his own money is invested in the crypto market.

nouriel, is that you? 

 It can't be Nouriel; not enough hyperbole.
 Let's just see which unravels more quickly, The European Union (hence the Euro) or Bitcoin.

 

[Last of the V8s]

[LFC_Bitcoin]

do we have WO residents participating in whalepool telegram chat?

we can make a telegram group too.. you know.. to make the arrangements for the 100k party. My vote goes to make it in Cayman Islands.  

I stand by my vote of Vegas (in summer). The place was basically built from scratch to host the $100K summit/party.

I’m up for that. Been three times a loved it every single time.

[Last of the V8s]

New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.

[fillippone]

Cautionary tales, it's happening again in FIAT: local Government in Zimbawe indulges in money printing, losing credibility at the expenses of the people suffering yet another time of Hyperinflation.

Do you remember Zimbawe?

Here:



A mouthful of Zollars:
The Economist
https://www.newsday.co.zw/2019/05/a-mouthful-of-zollars/

Zimbabwe’s previous homegrown currency was destroyed by the hyperinflation of 2007-08, forcing the country to adopt the American dollar (and other foreign currencies) instead. That worked well until 2015. But in the final years under Robert Mugabe, the longstanding dictator ousted in November 2017, the government could not muster enough genuine dollars to meet its spending ambitions. Instead it paid people with money of its own creation, transferred electronically into their dollar bank accounts. These “zollars”, it claimed, were identical to a dollar. But if depositors withdrew them from the bank they received not greenbacks, but “bond notes”: paper currency issued by the Reserve Bank of Zimbabwe, the country’s central bank.

Last October, the new government, led by Emmerson Mnangagwa (pictured), admitted that zollars and dollars were not the same, allowing depositors to keep them in separate accounts. By mid-December the banking system had almost 9,7bn in zollar deposits and only $660m in dollars. But the government insisted that a zollar could fetch $1.

Bitcoin is the ultimate Hard Money, digital gold, allowing for individual financial sovereignty.
I personally own one of those banknotes, easily found on eBay, as a memento of Disasters of irresponsible money printing by avid central bankers.

[jonoiv]

New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.

personally im thinking today will be the oppersite.  we had 5 green days, very possible for some red ones soon.  

[somac.]

New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.

personally im thinking today will be the oppersite.  we had 5 green days, very possible for some red ones soon.  

Starting to look that way. Just after I bought a little bit more too, always the way.

[El duderino_]

New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.

personally im thinking today will be the oppersite.  we had 5 green days, very possible for some red ones soon.  

there been one presenting itself right now, so yeah I guess the same
hopefully followed by some bigger green mean boys!

[El duderino_]

New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.

personally im thinking today will be the oppersite.  we had 5 green days, very possible for some red ones soon.  

Starting to look that way. Just after I bought a little bit more too, always the way.

Just another red noise to make the chart look a little bit more colorful nothing more....

[kenzawak]

Remember French artist Pascal Boyart ? This is his latest work. 

https://twitter.com/pascalboyart/status/1133077870656532480

Who's Satoshi? series #4: #faketoshi portrait only made of pink and white toilet paper glued on linen canvas 🚽 Inscriptions only visible with blacklight. Dimensions: 60x73cm #bitcoin #crypto #art

Pink and white toilet paper for a piece of ... ? Well of course !

[d_eddie]

New money Tuesday?
After a bank holiday in the US yesterday, US wires should be hitting the exchanges right now.

personally im thinking today will be the oppersite.  we had 5 green days, very possible for some red ones soon.  

Starting to look that way. Just after I bought a little bit more too, always the way.

I bought some too, but these are the joys of DCA. You miss sometimes, but you hit most of the time - as long as the asset keeps growing in the long run. Never mind the blips.

On the other hand, I managed to open a new long at a more comfortable entry point 

[pawanjain]

Just noticed a lot of avatar changed back to HATs = massively Bullish indicator!

Speaking of the same. I wish to have a hat for myself. Nutildah suggested to make a post on this thread asking @xhomerx10 if he could make the hat for me.

Here is the image for the hat.


Original image: https://www.google.co.in/search?hl=en&biw=1920&bih=937&tbm=isch&sa=1&ei=Nz3tXLCmMtrhz7sPwY6SsAo&q=anonymous&oq=anon&gs_l=img.1.0.0i67j0l9.72794.75558..76708...0.0..3.176.1226.1j8......0....1..gws-wiz-img.....0..35i39.L3jqkt_deeQ#imgrc=mIQMDzYgHoW9LM:

@xhomerx10 I request you to make a nice hat for me. Thanks in advance.

[cAPSLOCK]

so what will the next big FUD be? they seem to be out of ammo these days.

The FUD they are heating up is the "advance notice" that CSW plans to crash the market for BTC.  THis is what I see bubbling up on twitter...

https://www.youtube.com/watch?v=wucjDQj8w4s

[Paashaas]

[Last of the V8s]

stop run complete
pamp it

[VB1001]

"So now it’s official. Bitcoin has finally become truly mainstream. Microsoft has added it as a currency option in Excel."

There are a number of hurdles one must overcome to become truly mainstream,
and Bitcoin just crossed the big one.
Microsoft has added the cryptocurrency as a currency option in its Excel spreadsheet program.

https://bitcoinist.com/bitcoin-microsoft-adds-excel-currency/

They are small advances that will lead us to adoption, my excel:



The symbol and the letter could be defined better, you have to try other types of letters.

[JimboToronto]

Good morning Bitcoinland.

I see we're continuing basically sideways in the upper $8xxx range... currently $8700USD/$11720CAD (Bitcoinaverage).

Nice to catch our breath before the serious assault on $9k.

Go Bicoin go.

...make the arrangements for the 100k party. My vote goes to make it in Cayman Islands.

I could live with that. I'd prefer Amsterdam but any civilized place will do, as long as it's not in the USA, especially that shithole Las Vegas.

Bunch of degenerate gamblers, criminals and skank whores.