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

[examplens]

So we're back to ~$8k... where are all the dipshits with their $6k predictions? stillwaiting.png  

I have two very smart friends. One says BTC going under $7k, while another claimed $8k+.
one of them is always right.  

[1715114489]

1715114489

[1715114489]

1715114489

[nutildah]

Bitcoin is the least risky investment in a high risk investment category. Its health does not depend on altcoins, but rather the health of altcoins depend on it.

This is not true and is a widely held myth amongst so called "maximalists" who tend to view the market through the arbitrary lens of a single asset - commonly known as the "monopolist" view.

Diversity in the asset class has pulled in demand out of proportion to the growth in supply or the effect of internal competition. That's not uncommon in economies.

I once lived in a street which had 1 coffee shop. the price of a cup of coffee was about the average for a residential area. Later another one appeared, then a restaurant. Over the years (about 2 decades) the number of coffee shops increased to around 30. The price of a cup of coffee is now about 50% above that in other areas. A glass of wine is about 2-3 times the price.

The influence of "competition" worked in reverse because the aggregate impact it had on "selling the street" as an attractive area to visit far outweighed the adverse effect of internal competition amongst commercial outlets trading at that site.

That's what's happening with the crypto-asset market and is also why bitcoin depends on altcoins as much as they depend on it. Without technologically superior hedges, supporting trading pairs, diversified access to the crypto-asset markets, financial specialisation and derivative platforms, bitcoin would definitely not have seen the growth it has.

Crypto is not coffee. Coffee isn't used as a currency, or for anything else other than as a beverage. Just because 1 street in 1 town saw an influx of coffee shops, it doesn't mean the phenomena can be applied on a global scale. Outside of speculation, real-world adoption is what drives crypto prices and ultimately their success. You basically just restated your assertion after giving a metaphor that doesn't apply to crypto.

[fragout]

weekend pump me thinks.
Stamp buy orderbook jumped by $20 million overnight from $67m to $87m

[LFC_Bitcoin]

So we're back to ~$8k... where are all the dipshits with their $6k predictions? stillwaiting.png  

I don’t mind either way, got £600 to spend on bitcoin today. Not sure if I should pull the trigger now or wait to see if we go lower again. It doesn’t make much of a difference with only £600 but I always like to challenge myself to come out the right end of a buy.

Perfect scenario - I buy & a few hours later we see VEGETA again

Going to give it a few hours & see what happens

[vroom]

Where can I find this kind of bitcoin ATM's?

https://old.reddit.com/r/Bitcoin/comments/bxhypk/bond_street_bitcoin_atm_spitting_out_tons_of_money/

[toknormal]

Just because 1 street in 1 town saw an influx of coffee shops, it doesn't mean the phenomena can be applied on a global scale. Outside of speculation, real-world adoption is what drives crypto prices and ultimately their success. You basically just restated your assertion after giving a metaphor that doesn't apply to crypto.

First of all, crypto is not a "currency", it's an asset. A currency (at least in modern parlance) is a pure unit of account and may or may not coincide with a particular commodity, be it electronic or otherwise. Even if it does, it never does so for very long since the unit of account quickly decouples from the value of the associated asset due to it being used to price everything from cornflakes to lending credit, so there's no natural monopoly there as far as the asset is concerned. (Take Sterling Silver and Sterling Paper for example, paper "Pesos" and metal weights etc. Sterling as a unit of account became a monopoly within its juristiction but silver itself remained as just another asset despite far out-performing its paper namesake for value).

Secondly, the "street" analogy wasn't geographical, it was with asset markets. Bitcoin may be "global" geographically but it isn't "global" in terms of the spectrum of investible monetary assets. For that reason the street analogy is relevant because we see the same economic dynamics in play as with the "original" coffee shop - a steady increase in demand going hand in hand with a steady reduction in dominance.

[Olegya199]

[fragout]

What is general feeling about facebooks launching of their own crypto?
Good or bad for BTC.
My own initial thoughts are that it is good as it can directly replace Tether as an onramp to BTC
On the downside though, I think it might lead to some thinking why do I need BTC when I can use the facebook "trusted" coin

https://techcrunch.com/2019/06/06/facebook-libra-launch/?guccounter=1&guce_referrer_us=aHR0cHM6Ly93d3cud2lyZWQuY28udWsvYXJ0aWNsZS93aXJlZC1hd2FrZS0wNzA2MTk&guce_referrer_cs=n2i7cvVQ2FVl-mxbjXYdsg

[Globb0]

Oh yeah sorry I had to ban you from facebook coin because reasons

[fabiorem]

On the downside though, I think it might lead to some thinking why do I need BTC when I can use the facebook "trusted" coin

Only boomers are using facebook these days, and only they will have this kind of thought.

I believe it would be bad, because it will replace tether as a stable coin. I would prefer trueUSD to replace tether, but if its to change tether for facebook coin, then its better to continue using tether, as it provides some entertainment through the irrational tether FUD.

[wachtwoord]

Bitcoin is the least risky investment in a high risk investment category. Its health does not depend on altcoins, but rather the health of altcoins depend on it.

This is not true and is a widely held myth amongst so called "maximalists" who tend to view the market through the arbitrary lens of a single asset - commonly known as the "monopolist" view.

Diversity in the asset class has pulled in demand out of proportion to the growth in supply or the effect of internal competition. That's not uncommon in economies.

I once lived in a street which had 1 coffee shop. The price of a cup of coffee was about the average for a residential area. Later another one appeared, then a restaurant. Over the years (about 2 decades) the number of coffee shops/bars increased to around 20-30. The price of a cup of coffee is now about 50% above that in other areas. A glass of wine is about 2-3 times the price.

The influence of "competition" worked in reverse because the aggregate impact it had on "selling the street" as an attractive area to visit far outweighed the adverse effect of internal competition amongst commercial outlets trading at that site.

That's what's happening with the crypto-asset market and is also why bitcoin depends on altcoins as much as they depend on it. Without technologically superior hedges, supporting trading pairs, diversified access to the crypto-asset markets, financial specialisation and derivative platforms, bitcoin itself would never have seen the growth it has.

In your example the street became higher value to condumers because of the more larger and more diverse offerings. That in turn allowed prices to be raised.

In crypto the vast majority of the altcoins are utter scams and most of the people they attrackt are scumbags. When people talk negatively about crypto its generally to do with some altcoin. They are crapping up the neighbourhood.

The absolute opposite of the example of the coffe shop and your street.

[Kylapoiss]

Hi guys, hows it hangin'?

Is CSW getting messages deleted from the forum? I got PM´s that many of my posts where I used his name were deleted, any particular reason?

No, my BSV scam accusation thread where I've called him a fraud several times is going strong, haven't had any comments deleted from it thus far.

I've found that there's usually a logical, non-conspiratorial reason why my comments get deleted. Double-posting is a big no-no (outside of the WO thread), going off-topic is the #2 reason. Can you post us an example of a comment that was deleted and the thread that it was in?

It was a thread about who Satoshi really is, just checked again, had just a glimpse yday.

Deleted messages:

Bitcoin Forum
Guest
Deleted Post
« Sent to: Kylapoiss on: May 16, 2019, 04:58:58 PM »

Quote
Quote from: Gyrsur on November 20, 2018, 09:55:48 PM
Quote from: Kylapoiss on November 20, 2018, 09:34:31 PM
What about this theory:

https://news.postimees.ee/4365547/hunt-for-the-world-s-most-wanted-man-reaches-estonia

Ever heard of it?

thank you! interesting! his PhD thesis is about Time-Stamping Systems which also was the basis of Satoshi's work.

but again. if a conman is constantly lying about the origin of your work would you then keep silent and not telling the truth to the public at least incognito if you are still alive?

If someone wanted truly not to be known, I doubt that any conman would get him to reveal himself.

I'm from Estonia and it's a really small country, would be a bang if bitcoin was created here, though I doubt it. We do have lots of smart(ass) people around Smiley Skype came from Estonia too, yeehaw Cheesy

And Kazaa and some other platforms from late 90's, early 2000's, which I think opened way for torrents? Not sure about the last part though.

« Sent to: Kylapoiss on: May 16, 2019, 04:59:06 PM »
Reply with quoteReply with quote  Remove this messageDelete 

Quote
What about this theory:

https://news.postimees.ee/4365547/hunt-for-the-world-s-most-wanted-man-reaches-estonia

Ever heard of it?

« Sent to: Kylapoiss on: May 16, 2019, 04:59:34 PM »

Quote
Quote from: Gyrsur on November 20, 2018, 06:43:20 PM
Quote from: Kylapoiss on November 20, 2018, 06:38:19 PM
Quote from: Gyrsur on November 20, 2018, 06:34:38 PM
Quote from: Kylapoiss on November 20, 2018, 06:30:56 PM
Is there a copy of the post which CSW supposedly wrote?

what do you mean?

Quote
Kleiman sent him bitcoin using the original private key, allowing Wright to be able to showcase the earliest known bitcoin transaction (apart from the original). Wright then posted under the pseudonym Satoshi Nakamoto.

I guess this means the not public claim as Faketoshi convinced Gavin Andresen and others that he is Satoshi himself.

https://bitcoin.stackexchange.com/questions/81115/if-someone-wanted-to-pretend-to-be-satoshi-by-posting-a-fake-signature-to-defrau

https://youtu.be/tEKw-6NEysA?t=12

Quote
I don't want money, I don't want fame, I don't want adoration, I just want to be left alone.

Look at what he's doing now, if he wanted to be left alone he wouldn't do this whole BCH(XXXXXXX) shitshow.

So there's no real evidence. I just don't believe that he could come up with something like this, his persona is opposite of Satoshi.

« Sent to: Kylapoiss on: May 16, 2019, 04:59:41 PM »

Quote
Quote from: Gyrsur on November 20, 2018, 06:34:38 PM
Quote from: Kylapoiss on November 20, 2018, 06:30:56 PM
Is there a copy of the post which CSW supposedly wrote?

what do you mean?

Quote
Kleiman sent him bitcoin using the original private key, allowing Wright to be able to showcase the earliest known bitcoin transaction (apart from the original). Wright then posted under the pseudonym Satoshi Nakamoto.

« Sent to: Kylapoiss on: May 16, 2019, 04:59:50 PM »

Quote
Is there a copy of the post which CSW supposedly wrote?

[kenzawak]

I like Dakt Punk very much (one of the very few French products I like)

Better than Daft Punk and yet French (NSFW):

https://youtu.be/TZmaYuOGO6Q?t=57

You're welcome.  

[alevlaslo]

do you know that the bottom right now? 

[toknormal]

When people talk negatively about crypto its generally to do with some altcoin.

LoL ! I suggest you visit Nouriel's Twitter thread to cure yourself of this delusion 

[fillippone]

When people talk negatively about crypto its generally to do with some altcoin.

LoL ! I suggest you visit Nouriel's Twitter thread to cure yourself of this delusion 

Hard money is backed by gold.
Bitcoin is hard money backed by mathematics.
Fiat money is backed by force.
Fiat money is altcoins.
Fiat money is scam.
Fiat money is shitcoin.

[toknormal]

Hard money is backed by gold.
Bitcoin is hard money backed by mathematics.
Fiat money is backed by force.
Fiat money is altcoins.
Fiat money is scam.
Fiat money is shitcoin.

Indeed. The main argument against "alt" coins is tribal, not analytical as is well demonstrated here 

[nutildah]

It was a thread about who Satoshi really is, just checked again, had just a glimpse yday.

Deleted messages:

Bitcoin Forum
Guest
Deleted Post
« Sent to: Kylapoiss on: May 16, 2019, 04:58:58 PM »

Quote
Quote from: Gyrsur on November 20, 2018, 09:55:48 PM
Quote from: Kylapoiss on November 20, 2018, 09:34:31 PM
What about this theory:

https://news.postimees.ee/4365547/hunt-for-the-world-s-most-wanted-man-reaches-estonia

Ever heard of it?

thank you! interesting! his PhD thesis is about Time-Stamping Systems which also was the basis of Satoshi's work.

but again. if a conman is constantly lying about the origin of your work would you then keep silent and not telling the truth to the public at least incognito if you are still alive?

If someone wanted truly not to be known, I doubt that any conman would get him to reveal himself.

I'm from Estonia and it's a really small country, would be a bang if bitcoin was created here, though I doubt it. We do have lots of smart(ass) people around Smiley Skype came from Estonia too, yeehaw Cheesy

And Kazaa and some other platforms from late 90's, early 2000's, which I think opened way for torrents? Not sure about the last part though.

« Sent to: Kylapoiss on: May 16, 2019, 04:59:06 PM »
Reply with quoteReply with quote  Remove this messageDelete  

Quote
What about this theory:

https://news.postimees.ee/4365547/hunt-for-the-world-s-most-wanted-man-reaches-estonia

Ever heard of it?

« Sent to: Kylapoiss on: May 16, 2019, 04:59:34 PM »

Quote
Quote from: Gyrsur on November 20, 2018, 06:43:20 PM
Quote from: Kylapoiss on November 20, 2018, 06:38:19 PM
Quote from: Gyrsur on November 20, 2018, 06:34:38 PM
Quote from: Kylapoiss on November 20, 2018, 06:30:56 PM
Is there a copy of the post which CSW supposedly wrote?

what do you mean?

Quote
Kleiman sent him bitcoin using the original private key, allowing Wright to be able to showcase the earliest known bitcoin transaction (apart from the original). Wright then posted under the pseudonym Satoshi Nakamoto.

I guess this means the not public claim as Faketoshi convinced Gavin Andresen and others that he is Satoshi himself.

https://bitcoin.stackexchange.com/questions/81115/if-someone-wanted-to-pretend-to-be-satoshi-by-posting-a-fake-signature-to-defrau

https://youtu.be/tEKw-6NEysA?t=12

Quote
I don't want money, I don't want fame, I don't want adoration, I just want to be left alone.

Look at what he's doing now, if he wanted to be left alone he wouldn't do this whole BCH(XXXXXXX) shitshow.

So there's no real evidence. I just don't believe that he could come up with something like this, his persona is opposite of Satoshi.

« Sent to: Kylapoiss on: May 16, 2019, 04:59:41 PM »

Quote
Quote from: Gyrsur on November 20, 2018, 06:34:38 PM
Quote from: Kylapoiss on November 20, 2018, 06:30:56 PM
Is there a copy of the post which CSW supposedly wrote?

what do you mean?

Quote
Kleiman sent him bitcoin using the original private key, allowing Wright to be able to showcase the earliest known bitcoin transaction (apart from the original). Wright then posted under the pseudonym Satoshi Nakamoto.

« Sent to: Kylapoiss on: May 16, 2019, 04:59:50 PM »

Quote
Is there a copy of the post which CSW supposedly wrote?

I don't know. That's really weird. I suppose I would need more context on what the thread was about, but it would seem there is actually a pro-CSW moderator out there. Given the amount of absolute shitposting that goes on here on a minute-by-minute basis, I'm rather surprised these posts of yours got singled out for deletion. They seem to be contributing to an ongoing discussion and not just shitposts-in-the-wind.

Edit: OH! It was a self-moderated thread. For one reason or another Gyrsur deleted all the posts in his thread, even his OP:

https://bitcointalk.org/index.php?topic=5002972

You'll have to ask him what his reasoning was.

[fillippone]

I like Dakt Punk very much (one of the very few French products I like)

Better than Daft Punk and yet French (NSFW):

https://youtu.be/TZmaYuOGO6Q?t=57

You're welcome.  

Nah.
I tought you were proposing this:

(In a way) Better than Daft Punk and yet French (NSFW):

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

[fillippone]

Hard money is backed by gold.
Bitcoin is hard money backed by mathematics.
Fiat money is backed by force.
Fiat money is altcoins.
Fiat money is scam.
Fiat money is shitcoin.

Indeed. The main argument against "alt" coins is tribal, not analytical as is well demonstrated here 

Actually this reasoning applies to everything.
Every money but Bitcoin is a shitcoin.
Radical.