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

[LFC_Bitcoin]

Oh shit yeah, I really should know what day of the week it is
I travel to London on Thursday ahead of my flight to Madrid Friday  

[JSRAW]

Oh shit yeah, I really should know what day of the week it is
I travel to London on Thursday ahead of my flight to Madrid Friday  

Heads up!! just don't  forget dates/ days of your anniversary, G.F, Wifey's birthday. every men nightmare, even Satan and God can't save you other than that its totally fine and you are good to go

[Syke]

^_^

https://twitter.com/BtcBlockBot/status/1133659778432020480

https://www.blockchain.com/btc/tx/dfb39f6915237f3973b91de33392666b12fa81138383cc1fe74bd3c889d0a87a

Fee: $19 USD. Daaaaaaaamn.

[jonoiv]

like it has for long periods before you mean?  Like when miners mined at a loss? like when they had to folk it to reduce the sha256 hash power so that the price could keep up with the profit curve, with countless forks thereafter.   Like when they have to hire an army of bull trolls to maintain the bull phase .  Like when they have to DDOS multiple sites, log multiple people out of trading accounts during breakouts to make it work?  or are you discussing something different? 

you actually believe that "hiring bull trolls" keeps the price of bitcoin rising?   i want to be hired!

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

Why don't the adverts continue through the accumulation phase?

Please tell me who pays for this, and if it's a solo investor, why do they always pull the adversts at the accumulation phase?

[realr0ach]

This is not true for other supposed store of value where scarcity is due to  production chain management, like diamonds, or simply doesn't exists (like silver: otherwise the market cornering by Hunt Bros would have succeeded).

This post is complete bullshit.  The govt changed margin requirements on the Hunt brothers on the fly to force them to liquidate.  The government forced them from being buyers to being overleveraged, liquidate it all dumpers.  It was government intervention that blew up the Hunt brothers, not your fraudulent claim that silver has "no scarcity".  Silver is in the earth's crust at a 19:1 ratio to gold, but is only mined at a 9:1 ratio of supply.

I don't believe entities like the Pilgrim's Society actually have any valid reasons left to suppress silver anymore.  A lot of that suppression was back when nations like India and China were heavy in silver and they wanted to financially attack them, but most of these non-western countries now seem to be much heavier in gold.  Since the west has a shortfall in gold (probably only 2000 tons gold max in the US if that), the US govt is likely JP Morgan's 'client' that's the heavy buyer of silver and they'll revalue it at some high ratio like 15:1 or 20:1.

[kurious]

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

People who want to sell Bitcoin?

Why don't the adverts continue through the accumulation phase?

Because these (same people) are clever and accumulating back again?

[JSRAW]

"Devotionals for teens" lol

[jonoiv]

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

People who want to sell Bitcoin?

Why don't the adverts continue through the accumulation phase?

Because these (same people) are clever and accumulating back again?

Clever people must be selling right now then.

[kurious]

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

People who want to sell Bitcoin?

Why don't the adverts continue through the accumulation phase?

Because these (same people) are clever and accumulating back again?

Clever people must be selling right now then.

So we are in a downtrend, or starting one?   Hadn't actually noticed myself - I thought going from $3122 to $8000 was er.... 'up'

[Last of the V8s]

adverts?
evidence?

[AlcoHoDL]

What a nice V-shaped graph...

[vroom]

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

People who want to sell Bitcoin?

Why don't the adverts continue through the accumulation phase?

Because these (same people) are clever and accumulating back again?

Clever people must be selling right now then.

So we are in a downtrend, or starting one?   Hadn't actually noticed myself - I thought going from $3122 to $8000 was er.... 'up'

[jonoiv]

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

People who want to sell Bitcoin?

Why don't the adverts continue through the accumulation phase?

Because these (same people) are clever and accumulating back again?

Clever people must be selling right now then.

So we are in a downtrend, or starting one?   Hadn't actually noticed myself - I thought going from $3122 to $8000 was er.... 'up'

you understand the operative word is WAS?  3122 to 8988 was an up...  

[Dakustaking76]

The sell of didnt last long, were back on track boys!

[jonoiv]

The sell of didnt last long, were back on track boys!

Hasn't started yet

you'll know when it does

[vapourminer]

Let us assume he [CSW] has access to original blocks in the "tulip trust" and plans to sell them.  How is this not going to ruin the legitimacy of Bitcoin probably forever.  Let's say he sells every last one of his millions of bitcoins and buys every last one of the BSV coins with the proceeds.  Bitcoin will crash, as will all the alts.  BSV will skyrocket, and then the entire world will see that the "new money system" was invented by a megalomaniac willing to ruin lives and destroy fortunes.  Trust in BSV will be virtually nill. Central banks will create a competing, and equally centralized coin and the world will flock to the devil the know and away from the devil they do not know.  They will be HONEST in their creation of a centralized system (let's not kid ourselves BSV with a single actor holding probably 25% of the coins after the sale of BTC and purchase of BSV, running on a network designed to centralized will be... ta da... a centralized system) and their centralized system will use good centralized databases and will have no need to provide security through POW.

this is my view also. by showing he can and will, at his slightest whim manipulate btc/bch/bsv for his own (or his masters) benefit will show the world that btc/bch/bsv are nothing more than a single, vindictive persons personal playground.

alts (nothing bsc/bch related) may possibly flourish as people flock to them, but more likely all crypto will take such a hit as to never be seen seriously again for decades.

you think enterprise business or institutional money will trust a looneytoons like CSW? the want safe and predicable in a currency or store of value. not a madman with the capability to toss the price around like popcorn.

bsv will "follow all laws" i think he mentions too (correct me if im wrong). you know, so clawbacks, confiscation and blocking funds can be done by those countries. which countries? USA? Venezuela? UK? China? Russia?

[realr0ach]

Here's a post for people like Trollgoossens who actually believe Bitcoin is on some sort of clear skies sailing to an "inevitable" future of 500 bazillion dollars per coin.  I'm linking this Anonymint post because I think even prolific shills like Last of the V8s/Popescu actually do believe him and think this will/might happen (it has to do with the anyone can spend segwit coins and forced reversion to pre-segwit):

https://steemit.com/bitcoin/@anonymint/ps965c

And there's my reply to him below:

I find it odd you're actually bullish on Bitcoin with no valid form of scaling whatsoever.  LN is garbage because it's only possible evolution of network topology is a replica of the already existing banking system where you just have one channel open with a bank who routes all your transactions.  But people are stupid and they'd probably lie and shill for it anyway in order to try and pump their "investment".

But if you think segwit is just an inevitable land mine and LN isn't even in the picture at all, I think I calculated even with 8 MB blocks, only transactions of something like $10k+ would be viable on-chain with mainstream bitcoin adoption.  That's a pretty 'meh' system. Bitcoin would be very niche and probably fade into obscurity.  If it didn't fade into obscurity, it's market share would all be stolen by some higher scaling or cheaper to transact coin.  

That and it's not possible for imaginary, digital shitcoins to defeat metals as the base of Exter's Pyramid in the first place.  And China and Russia have already cast the die proclaiming metals as the future backbone of the financial system too.

[jonoiv]

adverts?
evidence?

c'mon are you telling me you see no ships?

[nutildah]

I saw this ad when perusing bitcoin-related jobs on Upwork today:



I did the math and that means his "machine" would need to have a hash rate of about 560,000 TH/s...

I'm not a miner but it would appear today's best mining equipment gets (lets liberally say) 20 TH/s. (is this about right? I have no real idea)

That would mean he would need 28,000 of these machines. At $3k a pop, that would run you a bill of a cool $28 million. Not including a bulk discount, but also neither related expenses, such as:

- a colisseum-sized warehouse to place all the miners
- a few thousand solar panels
- shit I'd throw in the "site that can sell bitcoins online" for free

Don't think its worth it to bother telling him his expectations are bit too high.

[Olegya199]

A few dozen hours later.