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

[El duderino_]

[ChinkyEyes]

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance. Since I doubt they will leave it to the people. It's why Globalcoin and JP Morgan coin are in place.

There are weaker OECD currencies out there than the $.

Of course there are, but as a reserve currency it cannot carry on.

It won't be easy to explain why they ditched the dollar and moved to "global coin" and "JP morgan Coin"

People will ask questions.

"You fucked up with the Dollar, why the fuckkk would we trust you again now?"

They won't.

If the current financial actors had the ability to find solutions to our current problems, we wouldn't have them in the first place now.

Actually it would be easier to explain why to use those options than to use Bitcoin. Remember we are talking about the masses here. They don't understand how the world works or don't want to. Using Bitcoin is way too difficult for the masses as of right now. A transition to global coin or JP morgan coin would be a lot more convenient for the masses.

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance.

50% chance?  More like 0%.  Here are the only real possible outcomes:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

How does Bitcoin fit into ANY of this?  It doesn't.  The only way Bitcoin has any relevance at all is if we go through a prolonged period of YEARS and YEARS of hyperinflation without civilization imploding in the process.  During that period it will be a pump and dump some people will profit on just like now, but at the end of the hyperinflation and transition to new system, it would be just like above with metals as the backbone or the govt attempting to use force to make people use their new fiat or digital slavecoin.

How would they distribute gold or silver? Make coins again? Why not make digital coins backed by their silver or gold? We live in a digital age, how are you going to order mein kampf online? Send some silver coins in an envelope?

[realr0ach]

Russia and China aren't stacking imaginary, valueless, digital shitcoins you fools:

https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241

Gee, I wonder what possible replacement to the dollar could be he's talking about?  Could it be?  Physical metals???

[Biodom]

facebookcoin and/or jpmcoin= E-coin (from Mr Robot), or will try to become one.
Modi is trying to ban btc? LOL.
He would be surprised (or not ) by what facebookcoin (if successful) might do to the rupee (BTW it is already roughly half of it's value in 2007).
Same goes for at least a few other large fiat currencies (australia, south africa, canada, mexico, korea, turkey, etc.).

[realr0ach]

How would they distribute gold or silver? Make coins again? Why not make digital coins backed by their silver or gold? We live in a digital age, how are you going to order mein kampf online? Send some silver coins in an envelope?

Nobody but millenials with autism actually think Bitcoin even gets rid of banks.  The vast majority of people will always outsource security and liability for their wealth to a 3rd party who specializes in the area of....SECURITY.  That and they have to put their stuff in a chain of custody for wills/trust and such upon death.  Nobody is going to be sitting around going, "Woops, grandma died, can't find her private keys, there goes $1 million *poof*".

Those funds are always going to be held by a 3rd party bank no matter what.  People can then write out gold and silver certificates to transact with or also do it digitally, so metal's so called 'weakness' doesn't even exist when most people are going to be storing their wealth in a bank no matter if it's bitcoin, metals, or anything else being used as the unit of account.

[Ibian]

Yeah look. The internet is not going anywhere and electricity is not going anywhere. The only way bitcoin could realistically die is through a global nuclear war with multi-century lasting aftereffects. and at that point we have far bigger problems.

Basically block roach.

[realr0ach]

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed and actually do remove counterparty risk where Bitcoin doesn't.

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

[ChinkyEyes]

I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance.

50% chance?  More like 0%.

50% chance for BTC and 50% for another fiat currency to be the world reserve currency.

Russia and China aren't stacking imaginary, valueless, digital shitcoins you fools:

https://russia-insider.com/en/economics/putin-dollar-threat-russian-security-does-not-deserve-be-world-reserve-currency/ri27241

Gee, I wonder what possible replacement to the dollar could be he's talking about?  Could it be?  Physical metals???

It is true that Russia and China are stacking gold. But it's mostly likely a hedge against the dollar or to make the Chinese Yuan the next reserve currency. Therefore 50% chance for BTC and 50% chance for a Yuan backed by gold

People can then write out gold and silver certificates to transact with or also do it digitally, so metal's so called 'weakness' doesn't even exist when most people are going to be storing their wealth in a bank no matter if it's bitcoin, metals, or anything else being used as the unit of account.

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.

[btcbeliever]

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None.  You need a very low IQ to not understand that the base of Exter's pyramid is determined by whatever asset removes the most risk and counterparties, and Bitcoin has built-in middlemen and counterparty risk, can die from an unfathomably large amount of black swans, while metals require a black hole hitting the earth to be destroyed.  

Risk is objectively higher for any digital shitcoin over metals period.  Not 'a little' higher, retardedly higher.  It's not possible for digital shitcoins to defeat metals on Exter's Pyramid.  Only a fool lies to himself thinking telling himself lies is going to help him make money.  You're getting high on your own supply.  The only two possible outcomes for US currency and/or world reserve currency after the dollar implodes are as I already explained below:

1)  If the system goes bust, the state loses control, mass chaos everywhere and disruption in power, water, and other facets of normal life, odds of going back to metals as money are 100%

2)  If the banking system goes bust and the state maintains power, they will either be revaluing metals to recapitalize the system or launching a new fiat/digital currency slavery system they freshly print out of thin air.  The US govt has an extreme shortfall in gold but (through JP Morgan) owns at least 1/3rd of all physical silver on the planet and will revalue that stack to the moon.

Roach, why are you even on this bitcoin speculation forum?  What's the point of picking arguments with us about precious metals being safer than bitcoin?  Life is too short.  Why don't you find points of agreement with others, instead of typing insults?  Bitcoin is not a shitcoin.

Bitcoin single-handedly enabled my early retirement.  It's done alot more for me personally (and that is an unerstatement!) than my gold/silver investments ever did.

[realr0ach]

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.

^You are the full spectrum autism portion of shitcoiners who actually believe Bitcoin gets rid of banks.  It doesn't matter if the unit of account is metals, bitcoins, or anything else, most people will outsource security and liability for it to a 3rd party bank.  Whether we're talking about metals, bitcoins, or anything else, nothing removes the ability of banks to commit fraud because nothing actually gets rid of banks.  In other words, you're either not very smart or lying on purpose.

[toknormal]

The only way bitcoin could realistically die

It dies simply from having garbage fundamentals compared to physical metals.  As I already explained, there is no plausible outcome Bitcoin becomes the world reserve currency.  None:

 • More fungible than metals
 • More divisible than metals
 • More portable than metals
 • More storable than metals
 • More tradeable than metals (In fact you can trade the good itself across the world and not some "ticket" for the good)
 • More bearable than metals (You can "hold" it rather than holding some "ticket" to a safe in which the metal may or may not be)
 • More spendable than metals. (Try getting change on a stick of gum from a bar of gold)
 • More durable than metals (Try recovering your gold bar that sank to the bottom of the sea, got raided, took a detour during delivery or otherwise went AWOL. Bitcoin private keys are decoupled from the asset that enables redundant storage while the world's most powerful computing network looks after your public keys. With gold, the private and public keys are welded together making such sophistication impossible)

Bitcoin only has "garbage" fundamentals in the way that synthetic antibiotics have "garbage fundamentals" compared to garlic. But feel free to chomp on 20 raw cloves of garlic per day the next time you get tonsillitis.

It doesn't matter. What matters is the fundamentals relative to the prevailing market platform which over the last 150 years has been electronic. States and central banks invest in gold because they have to, not because it has "better fundamentals". It's regulated tier 1 capital. They can also benefit from a 1% change in the gold price whereas that gain on the average joe's savings would just about get you a dinner for one

[realr0ach]

• More fungible than metals

Insanely dishonest Toknormal strikes again.  Bitcoin is not fungible and the dumbest of fools knows it.  Why even make believe you can get away with garbage like this?  You're the guy who shilled for Darkcoin for YEARS AND YEARS claiming "Darkcoin is teh best because it's fungible", then one day out of the blue all of sudden you say "fungibility doesn't matter, Bitcoin is better".  I'm so fucking sick of you dishonest millenial scammer scumbags.  I don't even need to go over the rest of your points because they're equally full of shit garbage.

[JimboToronto]

I couldn't quite figure out what was going on there, whether it was quasi ironic or not. You'd think someone who'd been around that long would be unphased by the same thing panning out again. Then again who am I to guess anyone else's triggers?

I'm totally reading between the lines here, I have no actual knowledge, totally guessing;

My impression is that he over invested, FOMOing in with assets necessary for life support, then held through the peak.

I don't know if his losses were purely of unrealized gains or of the actual sort, but regardless it hit him pretty hard as he had to sell to make RL commitments.

About this time he also started experiencing health problems.  I am totally speculating here, but would not be at all surprised if these were exacerbated by his level of stress and worry over the above.

It is my earnest hope that he was able to reclaim at least part of his position near the lows, but if that were so one would think that we would have seen him by now...



I miss him a lot

He had other RL problems besides his celiac issues and was forced to move out of town.

I haven't heard from him in a long time. Hope he's OK.

[ChinkyEyes]

Lol it starts off as gold and silver certificates and slowly becomes fiat backed by gold, and then repeat of bretton woods. So the cycle continues... and nothing changes.

^You are the full spectrum autism portion of shitcoiners who actually believe Bitcoin gets rid of banks.  It doesn't matter if the unit of account is metals, bitcoins, or anything else, most people will outsource security and liability for it to a 3rd party bank.  Whether we're talking about metals, bitcoins, or anything else, nothing removes the ability of banks to commit fraud because nothing actually gets rid of banks.  In other words, you're either not very smart or lying on purpose.

Do you have autism? If so, it's nothing to be ashamed of... However you seem to be projecting it onto others, maybe something for you to talk about when you visit your therapist again.

Bitcoin single-handedly enabled my early retirement.  It's done alot more for me personally (and that is an unerstatement!) than my gold/silver investments ever did.

That's amazing! I bet when we see 100k, many will join you with early retirement.

On topic: BTC still holding above OVER 9000!

[Arriemoller]

Why am I on the internet in the middle of the night instead of in bed reading a book?
I always end up buying some styling stuff for my 30 year old 740, just bought handle covers 760 style.
Really don't need it, but what the heck, I like the stuff.
Cant wait until BTC hits 100k, that's when I cash out a substantial sum of money and buy a lightyear one among other things. https://lightyear.one
Well, going to bed and cuddle with the cats now. You all have a good one.

[toknormal]

• More fungible than metals

.... I'm so fucking sick of you dishonest millenial scammer scumbags.  I don't even need to go over the rest of your points because they're equally full of shit garbage.

Ever heard of "synthesis" roach ?

It's all around you. Synthetic sound, synthetic vision, synthetic building materials and synthetic medicines.

Cryptos are more fungible simply because it was DESIGNED into them. Crypto is synthetic money. Gold is a naturally occuring mineral. You need a handy furnace to make it fungible. You need a handy Ocean Liner to make it transportable and you need a handy safe to make it storable.

All of these properties were designed into Bitcoin which is why is has better fundamentals than gold and which is why it's doing what gold SHOULD have been doing during the last 10 years of fiat supply explosion, but didn't due (contrary to your demented rantings) to it's p*ss poor fundamentals when it comes to functioning as a commodity based monetary unit in modern markets. Medieval markets - you might have had a point.

Are you one of these guys by any chance ?
FUD conference 2019

[Raja_MBZ]

Last of the V8s moving a part of his stash (and scaring us):

[bitserve]

Last of the V8s moving a part of his stash (and scaring us):

hehe, that guy made "little" $500Million of BTC "packs" and now decided to take them for a walk. How cute.

[Raja_MBZ]

Last of the V8s moving a part of his stash (and scaring us):

hehe, that guy made "little" $500Million of BTC "packs" and now decided to take them for a walk. How cute.

So... Is Last of the V8s planning to just give away those $500 Million BTC candies to Wall Observers? Is he really that rich (and kind)?

[Toxic2040]

Good evening Observers

I hope you all had a excellent Fathers Day and reached out to family and friends. I sure did, a beautiful breakfast with french toast, garden fresh quiche and mimosas...glorious.

Feeling truly blessed.




--------
bitcoin

#dyor
1h


4h


D

#stronghands'19