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

[Torque]

Bull markets climb a wall of worry and FUD.

[pereira4]

Stock to flow models simply don't work for LTC. PlanB has some evidence on this fact:

"Stock to flow" doesn't work on ANYTHING that's not a real commodity or resource.  You can hoard all 21 million Bitcoins and the rest of the world can completely ignore you like you don't exist because NOBODY actually needs Bitcoins for anything.  It's a fake, imaginary commodity aka a Keynesian scam.  If I hoard all the physical silver in the world, people actually need it for things, the stock to flow metrics actually do function, and I get to charge whatever the market will bear.  A real commodity money grants you power, a fake commodity grants you zero.

In the absurd scenario in which a guy called r0ach were to hoard the entire silver supply, people would simply search for silver alternatives for whatever industrial usages, and said alternatives would be more affordable when a single guy is hoarding the entire supply of silver. There's nothing that unique about metals, there's always alternatives. Also notice how metalheads always have to stretch their arguments to the point of maximum absurdity to make a point of how they defeat Bitcoin, in such scenarios which will never happen (r0ach owning all of the metal supply, madmax scenario in which there is no electricity left in the world, and so on)

Looks like he's trying to help reduce the drama that has been the pissing match of the trust system

You mean how Lauda & Last of the V8s started abusing the trust system that's supposed to be for things like trades and instead made up random nonsense and left negative scores on people who they disagree with but have never actually traded with?  I especially loved the negative trust score for Jbreher for simply owning Bcash HAHA.  What a fucking effeminate, jackass female move that is. 

Digital shitcoins are not money, or commodities, or resources.  They're simply Keynesian scams based on artificial scarcity with no valid Schelling point.  You cannot force people to buy the scam token you created out of thin air instead of them just doing the same thing and creating another one out of thin air that benefits themselves instead.  But nobody can create a new silver or gold in their basement like you can with shitcoins, which is why metals are money and shitcoins aren't.

You definitely cannot create the accumulated Proof Of Work of Bitcoin within your basement, nobody can, which is why Bitcoin has value.

[Toxic2040]

-snip-

moving on to things I can ponder. (blocks/ants/toe jam)

+1 WOsMerit

It is at its climax here:
https://bitcointalk.org/index.php?topic=5153678.0
Grab your popcorns 

[realr0ach]

How would you deal with the fact that it's only a matter of time we are able to mine gold in aesteroids/other planets and the supply will end up becoming huge with so much gold that it will become worthless?

Way to go making it ridiculously obvious that you're a lying scammer by continuously bringing up this stupid space mining meme.  The cost of production for anything in space is astronomical and that is never going to change.  It's also FAR LESS viable to mine silver in space than gold due to needing to process and transport far more materials.  

If this lie is the best thing you have to try and trick people into using digital, government tracking and slavery system tokens instead of metals, then your cause is as good as dead.  Seriously, you need to be an absolute fucking dumbass to even bring up this topic.  You may as well be a flat earther posting this shit.  The price of metals would also have to go to the moon BEFOREHAND for anyone to even attempt it.  You can tell you're full of shit because you brought ZERO actual numbers to the table.  What's the cost of production for mining gold or silver in space?  A million dollars an ounce?  Oh, that's right, you have no number because you're full of shit.

[jbreher]

It is at its climax here:
https://bitcointalk.org/index.php?topic=5153678.0
Grab your popcorns  

Jeebus, what a shitshow. Lie down with dogs...

[JayJuanGee]

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

Link or it didn't happen.  

https://twitter.com/whale_alert/status/1138902590455001090?s=19 trust me I'm not happy about this either. I'm hoping it's from cold wallet to hot wallet or something.

Stop spreading FUD  

Unfortunately I can't find an owner, research just keeps showing rich list addresses but I haven't dug deep. Im debating switching into a stable coin.

That should NOT be an adequate nor sufficient reason to sell any kind of significant amount of BTC. or to change whatever BTC plan/strategy that you have previously created for yourself (unless you are just making a minor tweak).  

In other words, is your BTC plan/strategy so jitter-based that some kind of uncertainty thing like this is going to cause you to make a speculative gamble towards the downside based on one piece of speculative short-term information?

Ultimately, do what you want with your BTC.... but that kind of information regarding the movement of 19k BTC onto an exchange should not serve as any kind of BIG consideration.

I always forget to mention just my day trade stash, I don't touch a majority of my stash, just a few hundred bucks worth of coin I try to turn into more coin.

O.k.  Fair enough.  I don't mean to come off as patronizing towards you individually; however, when I respond to members here, frequently I responding to the substantive points that were made, and therefore making a public response that would be directed at anyone in a similar-thinking situation as the one you described.

By the way, I understand attempting to get ahead of any kind of curve that you perceive, and if you believe some kind of BTC price movement has an increasing likelihood of happening, then you would make some moves in anticipation to what you believe is going to come, rather than waiting for it to play out before moving.

On the other hand, I cannot really relate, too well, to your BTC trading stash strategy. 

Personally, I never play with 100% of my trading stash, either.  I only have about 10% or 15% (perhaps?  I am not even sure) of my bitcoin/fiat trading stash that is in a position to trade (on various exchanges and being moved around from time to time), and I make incremental moves with the totality of my trading stash, too..


Accordingly, my approach, with my trading stash is that I always have a sufficient amount of both bitcoin and cash within the trading stash... so, I will never be rushed to do anything, even if there is a 50% drop in BTC price or if there is a 3x increase in BTC prices. 

Therefore, I tend to budget my trading stash for longer term BTC price changes... so, for example, if the BTC price were to increase up to $30k or something like that then I might have to add some more BTC to my stash to have BTC that would be available for possible selling.... or if, contrarily, if BTC price were to go below $3,500, for example, then I may have to send some more cash to one or more of my trading accounts.

[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.

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

The last micro-dip before the moon? The launchpad is ready?

What makes you think we won't see 5 digits for a long time? New ATH is just around the corner - sell now regret it later!

No I guess he meant $7700 was a bottom some time ago (before the big year-end pump).

I guess he mentioned several times it won't drop below 9k

11k down to 6k

So, who sold at the bottom? Bear trap is over and according to masterluc we're in the beginning of the 4th wave. From this point we're going UP!

9k  to 6k

Every single prediction I've seen today (including Masterluc's) is bearish. Looks suspicious to me - I predict MOON!  

9k down to 6.5k

The only way to win is to HODL all the way up to at least $50k. At least I'm not selling a single satoshi until then.

6.8k to 5.8k

Beartrolls are desperate as the big green dildo is closing in on their anuses   Last miserable attempt to squeeze some BTC out of weak hands.

7.3k to 6.2k

Lucky guy! I hope he'll just HODL for some time instead of cashing out immediately with profit  

7k to 3.2k



Im not saying you don't have the best track record....

but 2.6k is my long to medium target.  Im willing to change my mind if some decent TA convinces me but forgive me if I avoid your advice on the subject

[El duderino_]

Bull markets climb a wall of worry and FUD.

Loading up another $1k on Gemini to buy another small chunk. I hope my offerings are keeping Karhu satisfied.

Fucking FOMO...

Last merit to support your buy, do FOMO my brother do expand that wealth

That said into HODLsleep, as sleep is highly recommended for me ......

Good night brothers of the Wall

[El duderino_]

@jonoiv, TIME to make sense sleep = also highly recommended !!!!!!!

Aren't you getting tired of yourself? damn.

[realr0ach]

You definitely cannot create the accumulated Proof Of Work of Bitcoin within your basement, nobody can, which is why Bitcoin has value.

Fine example of the dipshit scammer slogans you see plastered over Reddit all day.  The kind of bumper sticker slogan lies Andreas Antonopolous pushes.  Proof of work DOES NOT CREATE value.  It's sunk cost fallacy.  Jesus Christ, reading this continuous stream of mindless shit from you is too much.  This accumulated sunk cost fallacy also has ZERO bearing on future security.

[pereira4]

How would you deal with the fact that it's only a matter of time we are able to mine gold in aesteroids/other planets and the supply will end up becoming huge with so much gold that it will become worthless?

Way to go making it ridiculously obvious that you're a lying scammer by continuously bringing up this stupid space mining meme.  The cost of production for anything in space is astronomical and that is never going to change.  It's also FAR LESS viable to mine silver in space than gold due to needing to process and transport far more materials.  

If this lie is the best thing you have to try and trick people into using digital, government tracking and slavery system tokens instead of metals, then your cause is as good as dead.  Seriously, you need to be an absolute fucking dumbass to even bring up this topic.  You may as well be a flat earther posting this shit.  The price of metals would also have to go to the moon BEFOREHAND for anyone to even attempt it.  You can tell you're full of shit because you brought ZERO actual numbers to the table.  What's the cost of production for mining gold or silver in space?  A million dollars an ounce?  Oh, that's right, you have no number because you're full of shit.

So you are allowed to make your hypothetical absurd scenarios including: "if I owned the entire silver supply..." or the classic "if the electricity went down...", but im not allowed to paint a picture of space mining to make a point. Is this how it works for metalheads?

You definitely cannot create the accumulated Proof Of Work of Bitcoin within your basement, nobody can, which is why Bitcoin has value.

Fine example of the dipshit scammer slogans you see plastered over Reddit all day.  The kind of bumper sticker slogan lies Andreas Antonopolous pushes.  Proof of work DOES NOT CREATE value.  It's sunk cost fallacy.  Jesus Christ, reading this continuous stream of mindless shit from you is too much.  This accumulated sunk cost fallacy also has ZERO bearing on future security.

Value is created as you would need to spend increasingly more money to modify existing transactions, and in general accumulated PoW is the scorecount count going up for certainty, the #1 indicator for an investor to put money into something long term. Keep waiting for the death of Bitcoin, anytime now.

[yefi]

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.   

1-min chart shows less than about 60 BTC during the supposed crash. That's minnow action, and it is frankly not credible to suggest Stamp's books would've crumpled under such a glancing blow.

[Ibian]

You definitely cannot create the accumulated Proof Of Work of Bitcoin within your basement, nobody can, which is why Bitcoin has value.

Fine example of the dipshit scammer slogans you see plastered over Reddit all day.  The kind of bumper sticker slogan lies Andreas Antonopolous pushes.  Proof of work DOES NOT CREATE value.  It's sunk cost fallacy.  Jesus Christ, reading this continuous stream of mindless shit from you is too much.  This accumulated sunk cost fallacy also has ZERO bearing on future security.

It preserves value.

You are getting annoying. It's not like you don't know how it works.

[realr0ach]

How would you deal with the fact that it's only a matter of time we are able to mine gold in aesteroids/other planets and the supply will end up becoming huge with so much gold that it will become worthless?

Way to go making it ridiculously obvious that you're a lying scammer by continuously bringing up this stupid space mining meme.  The cost of production for anything in space is astronomical and that is never going to change.  It's also FAR LESS viable to mine silver in space than gold due to needing to process and transport far more materials.  

If this lie is the best thing you have to try and trick people into using digital, government tracking and slavery system tokens instead of metals, then your cause is as good as dead.  Seriously, you need to be an absolute fucking dumbass to even bring up this topic.  You may as well be a flat earther posting this shit.  The price of metals would also have to go to the moon BEFOREHAND for anyone to even attempt it.  You can tell you're full of shit because you brought ZERO actual numbers to the table.  What's the cost of production for mining gold or silver in space?  A million dollars an ounce?  Oh, that's right, you have no number because you're full of shit.

So you are allowed to make your hypothetical absurd scenarios including: "if I owned the entire silver supply..." or the classic "if the electricity went down...", but im not allowed to paint a picture of space mining to make a point. Is this how it works for metalheads?

No, you are not allowed to lie and pretend that you live in the movie Star Trek and that mining shit in space wouldn't have an astronomical cost of production.  

[pereira4]

How would you deal with the fact that it's only a matter of time we are able to mine gold in aesteroids/other planets and the supply will end up becoming huge with so much gold that it will become worthless?

Way to go making it ridiculously obvious that you're a lying scammer by continuously bringing up this stupid space mining meme.  The cost of production for anything in space is astronomical and that is never going to change.  It's also FAR LESS viable to mine silver in space than gold due to needing to process and transport far more materials.  

If this lie is the best thing you have to try and trick people into using digital, government tracking and slavery system tokens instead of metals, then your cause is as good as dead.  Seriously, you need to be an absolute fucking dumbass to even bring up this topic.  You may as well be a flat earther posting this shit.  The price of metals would also have to go to the moon BEFOREHAND for anyone to even attempt it.  You can tell you're full of shit because you brought ZERO actual numbers to the table.  What's the cost of production for mining gold or silver in space?  A million dollars an ounce?  Oh, that's right, you have no number because you're full of shit.

So you are allowed to make your hypothetical absurd scenarios including: "if I owned the entire silver supply..." or the classic "if the electricity went down...", but im not allowed to paint a picture of space mining to make a point. Is this how it works for metalheads?

No, you are not allowed to lie and pretend that you live in the movie Star Trek and that mining shit in space wouldn't have a cost of production of a million dollars an ounce.

So why are you allowed to make far fetched scenarios such as you having the entire silver supply under your control, or waiting for a mad max scenario in which there is no electricity, in order for you to pump your metals again?

[realr0ach]

You're not even capable of DESCRIBING how your mining in space scheme is supposed to work, let alone place a dollar value on the astronomical cost of production.  Are you claiming you're going to process the metals IN SPACE?  I hope you have a nuclear reactor in orbit and a space station 10x bigger than the one that's currently there.  Or do you claim you're going to send out probes and deflect asteroids into earth collision courses where one tiny screwup might result in a planet destroying, dinosaur extinction catastrophe?  You millenial children scammers get the fuck outta here.

[jonoiv]

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.   

1-min chart shows less than about 60 BTC during the supposed crash. That's minnow action, and it is frankly not credible to suggest Stamp's books would've crumpled under such a glancing blow.

Not API imo

kracken last week 100 USD
coinbase april 2017 0.06 USD
Stamp June 2016 1.50 USD
Bithump Oct 2017 500 USD
Bitfinex feb 2014 100 USD

[El duderino_]

Italy's Deputy Prime Minister has proposed a plan to "tax" money and valuables held by citizens in their private safety deposit boxes.

Don't be surprised if more people around the world start looking for a non-censorable, non-seizable asset to store their wealth in. 🔥

https://twitter.com/apompliano/status/1138803120119648258?s=21

Lol

[yefi]

Bitcoin is not some sort of voodoo magic, it's still physical, atoms are there moving. Proof of Work needed to generate certain combinations of atoms, which cannot be generated out of thin air as you need said PoW. Metalheads have a hard time grasping this.

Charge carriers move rather than atoms. Your point is still valid however.

[pereira4]

You're not even capable of DESCRIBING how your mining in space scheme is supposed to work, let alone place a dollar value on the astronomical cost of production.  Are you claiming you're going to process the metals IN SPACE?  I hope you have a nuclear reactor in orbit and a space station 10x bigger than the one that's currently there.  Or do you claim you're going to send out probes and deflect asteroids into earth collision courses where one tiny screwup might result in a planet destroying, dinosaur extinction catastrophe?  You millenial children scammers get the fuck outta here.

Still failing to explain why you are allowed to use far fetched scenarios to pump your metals, but whenever someone uses the mining in space argument (self admittedly far fetched, but definitely more realistic than such as you owning the entire silver supply) suddenly you demand all the explanations in the world when it's you who started with making such bizarre scenarios.

Im just exposing the metalhead anti Bitcoin routine and you seem too thick to even realize the fact.