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

[yefi]

Shit its 4% just having it on Freebitco.in

BlockFi is still offering 6% I believe.

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[Dabs]

For 6% ... well, that's better than a lot of CDs or GICs.

[PoolMinor]

What did I miss? Looks like I have 600+ pages to read. brb

[_javier_]

C´mon Honey Badger, dont get scared of 8k!

You can pass it next time!

Go BTC, go!!

[El duderino_]

Better say things that must be combined

WO-members --- HATs

WO-members --- BTC

BTC ---- Weekendpump

[MrFreeRoMan]

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.

Jimmy?

You've been deceived.

Your food is poisonous, not nutritious.
Your news is mind-numbing, not enlightening.
Your job is soul-sucking, not fulfilling.
Your money is value-bleeding, not value-storing.

Start by taking the power of money away from the elites.

Start with Bitcoin.

https://twitter.com/jimmysong/status/1136888390861934592

[JSRAW]

|￣￣￣￣￣￣￣|                
|       BUY        |
|         BTC          |
|                       |
|_____________|
    (\__/) ||
   (•ㅅ•) ||
   / 　 づ

[Last of the V8s]

Oh Bob I do worry. I mean, I know it's only ~one coin, but I just don't want to see it losing it's value, thereby affecting your mood further. Ach you're stronger than all that, sorry. Last night's price hoik was fun, but are we really not going to have an ugly correction. I can't trust it at the moment, which is probably exactly what they want.

[LFC_Bitcoin]

Oh Bob I do worry. I mean, I know it's only ~one coin, but I just don't want to see it losing it's value, thereby affecting your mood further. Ach you're stronger than all that, sorry. Last night's price hoik was fun, but are we really not going to have an ugly correction. I can't trust it at the moment, which is probably exactly what they want.

I feel there may be an ugly correction to $6,xxx but even if there is, would it really be a huge problem?
Sure it’d be a shock but we’re on track to get to where we want to be plus I have a round number target in my head of how many coins I want before it goes parabolic.

There are positives & negatives to every price swing. Let’s just enjoy the ride because we will see six figures per coin during this cycle, I’m certain of it.

[MrFreeRoMan]

Oh Bob I do worry. I mean, I know it's only ~one coin, but I just don't want to see it losing it's value, thereby affecting your mood further. Ach you're stronger than all that, sorry. Last night's price hoik was fun, but are we really not going to have an ugly correction. I can't trust it at the moment, which is probably exactly what they want.

I feel there may be an ugly correction to $6,xxx but even if there is, would it really be a huge problem?
Sure it’d be a shock but we’re on track to get to where we want to be plus I have a round number target in my head of how many coins I want before it goes parabolic.

There are positives & negatives to every price swing. Let’s just enjoy the ride because we will see six figures per coin during this cycle, I’m certain of it.

bumpy road ahead

[jojo69]

What did I miss? Looks like I have 600+ pages to read. brb

Welcome back!

I...um...kind of hope Homer doesn't see fit to 3D your particular avatar...

[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.

Jimmy?

You've been deceived.

Your food is poisonous, not nutritious.
Your news is mind-numbing, not enlightening.
Your job is soul-sucking, not fulfilling.
Your money is value-bleeding, not value-storing.

Start by taking the power of money away from the elites.

Start with Bitcoin.

https://twitter.com/jimmysong/status/1136888390861934592

Not at all.
Before being accused of plagiarism in Meta, I specify that the Bitcoin poem it's my own work.

[MrFreeRoMan]

Not at all.
Before being accused of plagiarism in Meta, I specify that the Bitcoin poem it's my own work.

I never even thought about it!) And I will not think NEVER!

EDIT:
via Imgflip GIF Maker

Planned preparation for the race in the LC final
https://www.youtube.com/watch?time_continue=357&v=UI3rFSEnMXo

[infofront]

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.

Wrong. Bitcoin is valuable because it has unforgeable costliness. Your analogy does not hold because Bitcoin has no competitors. No altcoin has unforgeable costliness.

Whatever value Bitcoin has as a transactional currency (or asset, if you prefer) for sheep to pump altcoins with is marginal, at best, but ultimately will tend toward zero.

[Last of the V8s]

Oh Bob I do worry. I mean, I know it's only ~one coin, but I just don't want to see it losing it's value, thereby affecting your mood further. Ach you're stronger than all that, sorry. Last night's price hoik was fun, but are we really not going to have an ugly correction. I can't trust it at the moment, which is probably exactly what they want.

I feel there may be an ugly correction to $6,xxx but even if there is, would it really be a huge problem?
Sure it’d be a shock but we’re on track to get to where we want to be plus I have a round number target in my head of how many coins I want before it goes parabolic.

There are positives & negatives to every price swing. Let’s just enjoy the ride because we will see six figures per coin during this cycle, I’m certain of it.

6k would be fine, pretty bullish.

[JayJuanGee]

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.

Are presumptions about tether being replaced as strong as bitcoin dying or as strong as bitfinex is going under?   Yep, tether and bitfinex is being attacked, and they are quasi-centralized entities that can be attacked, but should we presume their imminent death or even need to be replaced?

[MrFreeRoMan]

• Final Cboe crypto contract expires at 2:45 p.m. CT on June 19
• Chicago exchange doesn’t plan to list any more contracts

https://www.bloomberg.com/news/articles/2019-06-06/ballyhooed-bitcoin-futures-contract-bows-out-with-a-whimper

6k would be fine, pretty bullish.

https://twitter.com/BigCheds/status/1136034025305530368

[serveria.com]

Meanwhile we were really close to WW3: https://www.bbc.com/news/world-asia-48553568

[Phil_S]

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.  

Better than everything:
https://www.youtube.com/watch?v=MMauMq2HQSU

[VB1001]

Bitcoins BTC worth $1.3 million stolen from Bitfinex, now transferred to different addresses

Earlier today, Whale Alert, a Twitter handle that tracks large crypto-movements for most leading coins, notified five transactions that were made from the stolen Bitfinex address. The five transactions accounted for around 172.574 Bitcoins, worth $1364600 [$1.3 million] at the time of the transaction.

https://ambcrypto.com/bitcoins-btc-worth-1-3-million-stolen-from-bitfinex-now-transferred-to-different-addresses/