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

[realr0ach]

The world needs good money. It NEEDS it. Fiat is not it. Fiat is awful in every way. Gold and silver are pretty good in some situations but just plain worthless when it comes to digital commerce...

..So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special.

It's not a negative that physical metals as money are NOT CONDUCIVE to globalization, it's A FEATURE - a positive one.  Globalization creates overspecialization and lack of local redundancy, which then results in complete system collapse with the side effect of 90% of civilization having no reason to exist.  See Joseph Tantor et al.  Oh, you want to be able to buy everything on the planet from Amazon while every other store on earth goes out of business?  Too bad.  Local economies have to exist with redundant systems to the next state or country over.  If you're not doing things redundantly to the country next to you, you're not a country in the first place and are just a defacto, global, feudalist govt cog.

No, we do not need a "collective delusion".  Delusion is just a synonym for scam.  The further you abstract from barter, the bigger a scam you have.  The closest thing to barter without actually using barter is trading non-perishable physical commodities or resources.  Anything that's not a resource or commodity is just an artificial scarcity Keynesian scam.  Yes, digital shitcoin scammers are Keynesians while pretending not to be.  Whether you believe the universe was created by some sort of God or it created itself, the only way you're getting out of Keynesian scams is by using the tools the universe gave you for economics instead of pretending to play God yourself.  I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

[JayJuanGee]

jonoiv is going to be well pissed. Watch out!

Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market.  $2600 best case scenario or lower probable bottom.

If there is no TA, wh not try a meme

Why provide a TA to a permabear troll?   Your only TA is BTC going to zero!

Obviously not a permabear if i held bitcoin for periods of my time here.   And im sure it's not going to 0, like i said my estimate is $2600 , late 2019 or 2020, but remember it did hit $1.50 in June 2017 on bitstamp  .


EDIT: june 2016

Another problem with your $2,600 BTC price prognostication for late 2019 or 2020, jonoiv, relates to a kind of presumption that you seem to have concerning what kind of market BTC currently is in.  

In other words, until further notice, there seems to be pretty decent odds that we have already transitioned into a bull market; therefore, a breaking of the BTC price upwardly seems to be more likely than breaking of the BTC price down.  So, it seems that you are presuming the extra-ordinary when you are asserting down, with such certainty.

Another way of saying it is that a lot of changes in BTC price dynamics is going to have to happen in order for BTC's current price trend to change direction, including a real need to break down to below $6k - which seems quite reluctant to happen at this time.  

Furthermore, even a break of the BTC price down to below $6k would not seem to be a significant condition precedent to take BTC out of our currently existing bull market leaning.

Surely, I am receptive to change my perspective about what kind of market we are currently in, and surely, I have not been the type to be buying BTC on the way up in anticipation of a kind of inevitable and continued UP..

Nonetheless... Odds of UP seem to continue to be better than Odds of down, even if we were to have some shorter term correction in the interim, such as going down to $6k-ish.  So, yeah, even refilling your BTC bags in the $6k price arena comes off as 50/50 at best.. .. and I would not want to be betting any more than 50% of my BTC stash on something that has in the ballpark of merely 50% odds.

[Raja_MBZ]

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

[realr0ach]

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

1)  Metals are superior to imaginary, valueless, digital shitcoins as a settlement system.

2)  A donkey is not a superior form of transportation.

3)  A Lamborghini is not an artificial, Keynesian construct; it's made of metal, so part of the natural world and not even a valid comparison.  Keynesian systems are entirely arbitrary and based on magic numbers.  A shitcoin can be made of 21 or 21 million units.  A lambo cannot have 21 million wheels or be made out of bread.

[Raja_MBZ]

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

1)  Metals are superior to imaginary, valueless, digital shitcoins as a settlement system.

2)  A donkey is not a superior form of transportation.

3)  A Lamborghini is not an artificial, Keynesian construct; it's made of metal, so part of the natural world and not even a valid comparison.

lol

Heh.


Lol

lol, lol.. he, he.

lol

lol

[JayJuanGee]

That's more like it. I think Theymos did a good job.

TL;DR Trust for trades, flags for marking jerks. Good.

The prime example that the merit system is a joke and serves no purpose is the fact JayJuanGee has a high level of merit.  None of those systems promote any honest or factual level of discourse.  All it is is someone posts "HURRR Bitcoin will go to $5 trillion each by tomorrow" then waves of mindless scammers give him +merit.  Things like merit, flags, and everything else are then nothing more than gauging who is most heavily pump and dump shilling.  This is why people like Trollgoossens have high merit as well, for doing nothing more than pump and dump shilling.

Haha sour grapes if its so easy where is all your merit? about 12 merits some suckers gave you. Now youre all upset.

Id say that's working pretty well.

(sorry all)

Don't get me wrong.. standing up for the sour puss, roach, but he has received much more than 12 merits.  In fact, he has received 194 merits from other members since the implementation of the merit system.   You can see all of his received merits on BPIP.  Currently, he is ranked as 312th most merited, which is no small feat given the thousands of BTC talk members... also, kinds of contradicts his points about only the undeserved receiving merits, and he seems to be a kind of "undeserved" merit receiver... while quite stingy in giving out any merits..

Notice that he has only given out 12 smerits in the two years since the merit system was established.

Don't get me wrong.  Roachie poachie is still a fucktwat, but there are some members who do send him smerits for his largely baloney, irrelevant and/or butt hurt posts.  

[JayJuanGee]

Goofball... :D:D

where are you from ? HappyDays  are you really fonzie with a new username?

More importantly why do you get the thread edited all the time and delete important quotes to try and prove a point that isn't there.  

Tell me why do my posts, that include your quotes from the past get edited?  

Vast numbers of the say [edited out]

Is it because you're full of shit?

You seem to become easily distracted by any kind of latch that you can find.

Do you have ADD or something?

If you need to read the fuller quote, then frequently, you will be able to click on whatever link that is within my cited post...


Focus ur lil selfie.


Focus 

Focus...

[El duderino_]

Latest spy shots of the all electric, 592 bhp, 664 lb ft, Porsche Taycan (formerly known as Mission E).  Want.  



https://www.evo.co.uk/porsche/17091/2019-porsche-taycan-nears-production-all-the-details-on-stuttgart-s-tesla-model-s

Damn HM F***off with those electric BS cars, real engine, real sound real carssssss 

F*** those electric plastic build trash cars!!!!

[yefi]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

[JayJuanGee]

You could argue .....[edited out]

About these forking issues .....[edited out]

Anon136 needs to learn .....[edited out]

HairyMclairy needs to learn .....[edited out].

We all need to learn that we need to learn...

 

That's why we are here... sharing our lurnings.   

[JayJuanGee]

You retarded if you really conclude that a downward BTC price spike like that on one exchange and with little to no lasting effect has any kind of significant meaning beyond capturing a snapshot of a liquidity problem on one exchange for one moment in time....   You Goofball.  

And creating some Lucky Bastards!

I don't mind admitting I'm jelly of them.

Of course,  but why did he edit out the orginal quote?  then basically go on a tangent, that was nothing to do with the orinal reason?

Why do tons of JJG quotes from the past now read [EDITED OUT]

Strange he claims to be geniune, but yet all his past "predictions" fall flat and he needs to cover his arse with smoke and mirrors.  

Protip:  Try to stay on topic you dipwitted numbskull.         

[LFC_Bitcoin]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Not in the mood for a significant dump to be honest.

[Raja_MBZ]

Amazing work:



https://twitter.com/fivekek/status/1138902795321577473

[JayJuanGee]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Link or it didn't happen.   

[g-uid]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

source?

[Hueristic]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

I do remember a few years back (IIRC the price was 350 range?) it was dumped below 100 and was assumed a whale fatfingered but I can't really remember the specifics or the exchange.
I assumed that was it.
It would be cool if someone has a link to that.

[JayJuanGee]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

I do remember a few years back (IIRC the price was 350 range?) it was dumped below 100 and was assumed a whale fatfingered but I can't really remember the specifics or the exchange.
I assumed that was it.
It would be cool if someone has a link to that.

There was a significant fat-fingered quickie dump of BTC on BTC-e when BTC-e was a thing.. .  and it actually drug the rest of the market for a little bit.

[jonoiv]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

I do remember a few years back (IIRC the price was 350 range?) it was dumped below 100 and was assumed a whale fatfingered but I can't really remember the specifics or the exchange.
I assumed that was it.
It would be cool if someone has a link to that.

I don't buy the API issue,  it happens on diffent exchanges every now and again.  Whale fatfinger or whale panic is far more likley.   

[serveria.com]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

Well if that jonoiv retard is taking into account API errors then yes I agree we'll see $2600 or even $0 sometime soon... 

[LFC_Bitcoin]

Well if that jonoiv retard is taking into account API errors then yes I agree we'll see $2600 or even $0 sometime soon... 

Sheeeit !

Quick jonoiv -