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

[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?

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[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.

[realr0ach]

28,000 of these machines

Imagine how many Chinese Foxconn slaves would be required to do assembly on 28,000 ASICs that are all just going to go obsolete in a few months anyway.  It's all so ridiculous at this point.  And this enormous level of Chinese overproduction of goods that exports massive deflation to the rest of the world is obviously not sustainable and will end soon, if not by Trump, then by a million other factors.  

After it's all over with, we'll likely have a long period of history in places like the US where you're unable to source any type of electronics at all without going to a pawn shop and buying it used.  We're practically drowning in Chinese electronics now and things like LED screens last a long time so it probably wouldn't even be that big of a deal.

[Paashaas]

Watchtowers will be released in next LN update.

https://github.com/lightningnetwork/lnd/pull/3133

[vapourminer]

[tulip fund/satoshi stash]

We all knew what we were getting into with bitcoin. Satoshi could come back at any time and dump his entire stash. Most of us have made a calculated bet that this won't happen.

Forking away is not an option. We'd be no better than the cult of Vitalik forking away after getting butthurt about the DAO "hack".

agreed. the real satoshi could come back anytime and use his funds. and any chain that forks or freezes those coins is worthless. the whole point of btc is "your keys your coins," not "your keys, too bad." btc forks and im out. satoshis stash is his. no matter what the outcome.

i do think we all figure (well maybe just me?) his coins, when claimed by the real satoshi, would be used in a responsible manner, to do minimal damage and not for revenge. even if he just spent them on himself. not crash forks he may not like. after all if bch and bsv ( <- substitute your bad guy flavors of bitcoin here) are just forks , why attack them anymore than attacking eth/ltc/whatever. just because  they tried to claim the btc name and vision? so what. they would fail anyway as soon as he move the coins off the satohi wallet(s) addys and says (whatever) chain is the true one he envisioned. anything more is childless revenge.

this was always an experiment that could come crashing down at any moment anyway. i always knew that and still consider it that.

[HairyMaclairy]

It's going to dump slow but steady soon ending at $2500 before the year is out imho.

The retarded FUD flying around at the moment is hilarious.  You guys really fucked up not buying in the $3ks. You had months to do it.

[BTCMILLIONAIRE]

I like how you ignored me with a nice long response full of virtue signaling. Good going smart one. Stupid is to think Japan and its ridiculous money printing hasnt had terrible consequences for the birth rate of the nation. Having all your women in pantsuits and pursuing careers instead of giving birth can be awesome for the economy for a little while, but then demographics kick in and you have a nation of retired old people with no kids.

https://i.imgur.com/2q4jzUx.png

If the blowjob jokes got you butthurt then maybe lighten up a bit, its not that serious.  

You are only showing how little you know about Japan.   It has been insanely hard for most women in Japan to work more than a few years and that is still mostly true.   The declining birthrate isn't from woman working in Japan.   The workplace in Japan is only slowly opening up to women.   While there have always been some career women in Japan, on a percent basis it has been very low.  Most women only work a few years at most and stop as soon as they marry.  

In fact the declining birthrate in Japan shows the failure of sexism in the modern world.

PS. No butthurt here ... the vulgar comments only show extremely low IQs.   

People like you are why I quit Economics and left for places with substance. I can't thank you enough.