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

[MrFreeRoMan]

I remember back in dec 2013 when btc hit $1200 for a brief time and it was a big deal that it finally was the same price as an ounce of gold. Now look at the price difference, so sad. You are lucky if your gold and silver even keep pace with inflation over the last 10 years. What a tragic thing to have sat on while all these cryptos have done what they have.

Kraken also hilariously stated that an employee of theirs who accepted Bitcoin as salary in 2012 ended up retiring in 2013
https://hacked.com/the-few-options-we-have-at-investing-in-exchanges/

[MrFreeRoMan]

https://pbs.twimg.com/media/D76BGDKXsAE5kek.jpg

A colorful graphic, color blindness, refrain from trading with this graphic.

It's an idiot chart.  No market trades like an endlessly repeating fractal going upwards to infinity...

So you have not heard of the Moore^s Law

[realr0ach]

Serious questions again Roach, since you were kind enough to answer the last one.

You used to believe in Bitcoin, then decided you were wrong. Is there a level of success Bitcoin could achieve in the coming years that would cause you to change your mind a second time and become a Bitcoiner again

The reason lots of seemingly smart people errroneously support Bitcoin is because programmers have a God complex and assume every problem can be coded around or fixed with some ghetto hack.  Bitcoin in it's initial release was virtually useless except as an intra-bank SDR note, as Hal Finney noted.  Absolutely nothing has changed since then.  Decentralization, scaling, and everything else; the fundamentals, or lackthereof, are all virtually the same right now as when Bitcoin was worth $1.

In the past I thought there might be some possibility to fix it by some random arbitrary code update, but that's just idiotic, coder monkey type thinking.  If you actually study in-depth what can and can't be done, you will realize it's 100% not even possible to create a decentralized digital currency.  Every transaction requires three or more people and has built-in, rent seeking middlemen, so just about nothing in the whitepaper is even true in the first place like being a "peer to peer" currency with "no middlemen".

The price increased 8000x on nothingness, just painting the tape and manipulation from Chinese mining monopoly scammers.  Every single person in this thread knew the Chicom scammers 100% controlled the price back when it was in the $200-$1000 range and were artificially raising and lowering it at their whim.  Now they pretend the price is actually determined by something else when it's not.  It's not possible to create a decentralized digital currency, and Lightning Network is just a permissioned ledger recreation of the already existing banking system.  Since the fundamentals are zero, the only thing holding Bitcoin up is temporary regulatory arbitrage and pump and dump scammers.

[VB1001]

@LFC_Bitcoin
@micgoossens

If you like beer, try Woll-Dam, drink it slowly, it's powerful.

[dyask]

Serious questions again Roach, since you were kind enough to answer the last one.

You used to believe in Bitcoin, then decided you were wrong. Is there a level of success Bitcoin could achieve in the coming years that would cause you to change your mind a second time and become a Bitcoiner again

The reason lots of seemingly smart people errroneously support Bitcoin is because programmers have a God complex and assume every problem can be coded around or fixed with some ghetto hack.  Bitcoin in it's initial release was virtually useless except as an intra-bank SDR note, as Hal Finney noted.  Absolutely nothing has changed since then.  Decentralization, scaling, and everything else; the fundamentals, or lackthereof, are all virtually the same right now as when Bitcoin was worth $1.

In the past I thought there might be some possibility to fix it by some random arbitrary code update, but that's just idiotic, coder monkey type thinking.  If you actually study in-depth what can and can't be done, you will realize it's 100% not even possible to create a decentralized digital currency in the first place.  Every transaction requires three or more people and has built-in, rent seeking middlemen, so just about nothing in the whitepaper is even true in the first place like being a "peer to peer" currency with "no middlemen".

The price increased 8000x on nothingness, just painting the tape and manipulation from Chinese mining monopoly scammers.  Every single person in this thread knew the Chicom scammers 100% controlled the price back when it was in the $200-$1000 range and were artificially raising and lowering at at their whim.  Now they pretend the price is actually determined by something else when it's not.  It's not possible to create a decentralized digital currency, and Lightning Network is just a permissioned ledger recreation of the already existing banking system.  Since the fundamentals are zero, the only thing holding Bitcoin up is temporary, unsustainable, regulatory arbitrage and pump and dump scammers.

Clearly you know nothing about programming.  It is also pretty clear you don't really know anything about China either.    Have you ever been there?   Have you ever worked with a Chinese person?   Finally the value of metals is also temporary ... decades from now many of the so-called precious metals will be too plentiful to be valuable.  

[Toxic2040]

some dip action..lagging span is between the TK...its like zero gravity..  books thin..expect volatility

1h

#stronghands'19

[realr0ach]

*shitcoin rage* 

Standard butthurt shitcoiner response.  I started off with MEL, then Python and C++.  Doing computer work is annoying, though.  I'd rather dig ditches than code for a living.  I don't like being trapped in other people's completely arbitrary psycho funhouses whether it's made up financial systems of bonds, yields, carry trades, blah blah, or their completely synthetic coding languages I'm expected to adhere to.

[Lambie Slayer]

Ok its off topic, but we all love charts here and I saw a very interesting chart today.  



I realize Shitvision Icon Calvin Ayre's chart would be 15-20 range, but Leo is with consenting adults so he gets my respect for this. I suspect many wealthy hodlers will have charts similar to this in the future after we overtake 100k.

Leo takes chicks in their prime years and then passes them off to guys like Tom Brady and Green Lantern when they are too old for him. The guy is in his own league.

[Toxic2040]

[JSRAW]

I remember 30 years ago...and I shall not forget.


#stronghands'19

When I was in the Shanghai airport for a layover, the first thing I did was try to do a Google search for "Tiananmen Square." But, I couldn't connect to Google, so...


Everything Google- and Facebook-related was blocked. Also no Wikipedia.

I could access tor though. Didn't screw around too deeply for fear of being arrested for thought crimes.

They are trying to erase it from memory. I dont think most people remember the Umbrella Movement let alone Tian'anmen Square.

True, the Chinese government tries hard in this matter, and they succeeded for a reasonable amount of time, they brainwashed the young mind in a very structural manner, some of my Chinese friends even rejected the fact that this event even took place in a high level in the first place. But now many reporters-students, who covered the "Tiananmen Square" protest keep coming with photo negatives + developed photos.

Louder than Bombs

Photos of the Tiananmen Square Protests Through the Lens of a Student Witness

  

[serveria.com]

Ok its off topic, but we all love charts here and I saw a very interesting chart today.  



I realize Shitvision Icon Calvin Ayre's chart would be 15-20 range, but Leo is with consenting adults so he gets my respect for this. I suspect many wealthy hodlers will have charts similar to this in the future after we overtake 100k.

Leo takes chicks in their prime years and then passes them off to guys like Tom Brady and Green Lantern when they are too old for him. The guy is in his own league.

I thought it was pretty clear Leo is gay and these hot supermodel beards make it even more obvious. 

[nutildah]

Ok its off topic, but we all love charts here and I saw a very interesting chart today.  



I realize Shitvision Icon Calvin Ayre's chart would be 15-20 range, but Leo is with consenting adults so he gets my respect for this. I suspect many wealthy hodlers will have charts similar to this in the future after we overtake 100k.

Leo takes chicks in their prime years and then passes them off to guys like Tom Brady and Green Lantern when they are too old for him. The guy is in his own league.

I thought it was pretty clear Leo is gay and these hot supermodel beards make it even more obvious.  

It could be... After all, they all pretty much look like the same damn woman. Its like jeez Leo, mix it up a little bit. At least date a brunette or a fair skinned latina or something.

Edit: at least his most recent pick is a part-time brunette.

[JSRAW]

So Leo is brand ambassador of pump and dump.

[realr0ach]

Maybe he discovered the shockingly obvious fact that female looks and their outrageously demanding and entitled attitude are inversely proportional to one another as they age.  ANY good looking woman in today's civilization is given a pass on whatever they do, so there's no negative reinforcement to any of their behavior as well.  As long as that maintains, society will churn out an ever increasing number of foul women.  

There's always been checks and balances on male behavior because another man will just punch you in the face, and nobody is going to worship you for the simple act of having a penis.  Since women are given a pass on everything simply for being women, being bi-polar and other mental insanities have become the norm for women everywhere polluting the gene pool because there's no selection process at all on their genes besides not being hideous.  Nothing is going to fix that until all the ugly guys (obviously not me) in this thread stop worshipping women as their god.

[jbreher]

Bitcoin SV is 44x less secure than bitcoin.
https://i.imgur.com/SzT3fV0.jpg

Yes, but currently over 5% more profitable to mine. Which would tend to narrow the gap.

Oh - and it is over 2500x more expensive to transact on BTC than on SV. But who cares about that, right?

(source: coin.dance)

[jbreher]

300 million buys ~100,000 s17 pros https://bitcointalk.org/index.php?topic=5138318.msg51287657#msg51287657 if you could get that many, with some discount
50 Th/s x 100,000 = 5 million T = 5 exahash

OK. But of course, Ayre runs SQR, which uses Samsung to fab their ASICs directly.

[jbreher]

I don't think I am strong enough to hodl till a million but thanks for the warning anyway.

I feel like my limit is somewhere at $100k can't even imagine btc going higher than $100k tbh. Maybe 5-10 years later but 10 years of lifetime isn't something i can ignore by hodling.

I'd rather cashout and enjoy my time.

Hodl til a million? Not all, mind you - but most? No prob.

My vision clouds after about $500,000. With some backtracing in old forum posts, you can discern why.

Already enjoying my time, TYVM.

[realr0ach]

You should probably not be expecting a million when Jewish talk show host Max Keiser's *fantasy* Bitcoin price target is $100k.  His fantasy target, not legit one.  If his fantasy target is $100k, it means that's what he's hoping that you hope for while he hopes he can dump at half that price while leaving someone else holding the bag.

[becoin]

I remember 30 years ago...and I shall not forget.


#stronghands'19

When I was in the Shanghai airport for a layover, the first thing I did was try to do a Google search for "Tiananmen Square." But, I couldn't connect to Google, so...


Everything Google- and Facebook-related was blocked. Also no Wikipedia.

I could access tor though. Didn't screw around too deeply for fear of being arrested for thought crimes.

They are trying to erase it from memory. I dont think most people remember the Umbrella Movement let alone Tian'anmen Square.

True, the Chinese government tries hard in this matter, and they succeeded for a reasonable amount of time, they brainwashed the young mind in a very structural manner, some of my Chinese friends even rejected the fact that this event even took place in a high level in the first place. But now many reporters-students, who covered the "Tiananmen Square" protest keep coming with photo negatives + developed photos.

Louder than Bombs

Photos of the Tiananmen Square Protests Through the Lens of a Student Witness

  

Thanks God this orange revolution in China funded and organized by the US neocons failed! The only goal of such pseudo revolutions is to ruin the economy of a geopolitical competitor. The CIA miserably failed in China. That is good, not bad!

[jbreher]

But... If Paul Le Roux ...

Le Roux isn’t Satoshi so interesting but ultimately not relevant.

I don't know nuttin 'bout birthin' no babies. Paul Les Rue?

Les Paul invented multitrack recording, and damn near invented the solidbody electric guitar. Maybe he staged his death a couple years early. Hmmm...