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

[VB1001]

https://twitter.com/Pladizow/status/1134486118093770752

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

[realr0ach]

Haven’t interest rates been lower than inflation in the US since the GFC?  And nothing has changed?

The invisible hand of the market isn't instantaneous.  There's asymmetric levels of information everywhere.  Most people, even rich people and bankers can't even tell you what the 'real' inflation rate is.  6% low end, 10% high end? Even if you spent a bunch of money creating your own proprietary models it would differ from others depending on what assets you track, or what assets you deem core.  The ESF also rigs everything, so if they rig the price of corn downwards to fuck over farmers with the side effect of lessening civil unrest due to cheaper food and energy, how are your models supposed to work then?  Regardless, you don't need a model to see inflation is higher than interest rates.

[nutildah]

Like if you see a hot female Nazi gold bug do you want to smash?

[realr0ach]

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, but assuming it did, time span of the market cycle increases and flattens as market cap rises, so assuming this pattern repeated forever (not likely), it would look more like the picture below (red lines are mine).  In other words, he created a fake chart espousing the value of fractals and then falsified what the fractal or regression pattern would look like to try and trick people.  And you wonder why I can't stand most shitcoiners?  99.9% are just flat out liars and scammers.

[Lambie Slayer]

If DB, derivatives, and all the other shit goes bust, the world is obviously going back to metals as the base of the financial system.

That's a fairly huge leap in logic.  Why would any Central Bank voluntarily remove its ability to print fiat?

Because debt based fiat requires infinite growth or permanent interest rates of zero.  Demographics have peaked in every nation that matters as well as energy production and use, signifying the end of growth.  If interest rates are zero, dollars are not an asset because...they do not generate interest for who holds them whether it's a banker or an actual human.  

At that point it's inevitable dollars are ditched for metals instead because the metals are a real asset and dollars are not.  Staying on paper dollars with interest rates of zero - which is the paradigm we already have - just creates more malvinvestment to cataclysmically implode the system even harder.  A real asset has to be used to temper the malinvestment and to square international trade balances.  The longer you stay on paper notes with 0% interest rates, the bigger the implosion and likely higher required revaluation number for metals.  Metals win no matter what in the end.

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?

What would it take to decide you were wrong about metals and they aren't our monetary future?

[JSRAW]

Poll results indicate that we have 41 communist nocoiners.  



...and we have a new poll as suggested by a threadgoer.

I am no communist and not nocoiners. just don't like the bacon

[VB1001]

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, but assuming it did, time span of the market cycle increases and flattens as market cap rises, so assuming this pattern repeated forever (not likely), it would look more like the picture below (red lines are mine).  In other words, he created a fake chart espousing the value of fractals and then falsified what the fractal or regression pattern would look like to try and trick people.  And you wonder why I can't stand most shitcoiners?  99.9% are just flat out liars and scammers.

https://twitter.com/ChartsBtc/status/1134465700796469248

Do not punish yourself anymore, enjoy the moment.

[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.