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

[Traxo]

the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Do not put words in my mouth which I never spoke.  

I actually specifically said "heard about" it - as in heard the term "bitcoin".

Everyone heard about bitcoin by now.
"heard about" or "know about"?

I haven't met anyone since 2017 who hasn't heard about something called "bitcoin".
And mostly they know it's some type of a currency.

[xhomerx10]

OT

Brightburn was awesome !!!!!!

 Surprise ending

[dyask]

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

It's an idiot scam chart.  The price of Bitcoin cannot go to $225,000 with cost of production at $3-6k.  NOBODY would buy a coin from you for $200,000 when they can simply mine one for $3-6k instead.  And Bitcoin mining can't increase by something like an order of magnitude to buffer that cost of production or it would use more power than the entire United States.  As I said before, the Bitcoin pump and dump scam is butting up against the limits of the natural world.  The fact that it's ramming up against the limits of the natural world and mining can't really even expand significantly more should tell you how insane of a bubble it already is.

That is the lamest argument!  
1) Production cost of BTC is always changing and mostly climbing up.    When BTC is $225,000 the cost of producing it will much much higher than $3000 to $6000 USD.  
2) The current cost is in the $3000 to $4000 range but BTC is trading at over $10000.   Why do people trade it when they could mine it so much cheaper?  

[dyask]

the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Do not put words in my mouth which I never spoke.  

I actually specifically said "heard about" it - as in heard the term "bitcoin".

Everyone heard about bitcoin by now.
"heard about" or "know about"?

I haven't met anyone since 2017 who hasn't heard about something called "bitcoin".
And mostly they know it's some type of a currency.

In Japan at least, there have been plenty of front page news stories about Bitcoin.   I bet almost no one here knows about Enron.   

[Traxo]

In Japan at least, there have been plenty of front page news stories about Bitcoin.   I bet almost no one here knows about Enron.  

I never mentioned Enron, r0ach did.
In fact, he could said "silver" there, instead of "Enron", lol.

[dyask]

In Japan at least, there have been plenty of front page news stories about Bitcoin.   I bet almost no one here knows about Enron.  

I never mentioned Enron, r0ach did.
In fact, he could said "silver" there, instead of "Enron", lol.

Sorry it is still early morning for me!   I better get some coffee and check the price of BTC.

[realr0ach]

Tend to agree with JJG.  

My vote is the same as yours, and almost always I am wrong

Why can I not give negative merits.

[proudhon]

Sure, go for it.

How do you shave your llama sack?

Carefully and using a procedure I learnt from confirmed sources.

[realr0ach]

OT

Brightburn was awesome !!!!!!

I didn't think so, as it was just an inverse, complete replica copy of superman, almost to the point where you could predict what would happen next every second of the movie.  The entire movie was derivative in nature and couldn't stand on it's own two feet unless people already knew of the Superman story in the first place.  It was a cheap, Weird Al parody marketed as a serious movie - not exactly the definition of awesome.

[Krubster]

What's up Wall Observers,

Just a heads up to any new investors. Don't panic sell, hold on to those precious coins. A drop like this is nothing unusual. In every bull-run we've had several 20-30% corrections, just to reach new heights.

Let me share you a story about my first bull-run back in 2012, when BTC went from ~$5 to $266. I bought in at around $10. When my BTC had doubled or so in terms of fiat value, I thought it would be a great idea to diversify some, so I bought a 0.5 oz gold coin for 60 BTC and 40 BTC worth of silver. If I would have hold on to those BTC, the same amount would have given me 400 oz gold bar today (thanks Gyrsur for your updates).

Don't be like me back in 2012. Hold on to your coins. We are still very early in, in this bull run.

Cheers,
Krubster

[JayJuanGee]

the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Do not put words in my mouth which I never spoke.  

I actually specifically said "heard about" it - as in heard the term "bitcoin".

Everyone heard about bitcoin by now.
"heard about" or "know about"?

I haven't met anyone since 2017 who hasn't heard about something called "bitcoin".
And mostly they know it's some type of a currency.

My point still stands, and you are bat shit crazy if you actually believe that people know about bitcoin... which is the main relevant point.. why the fuck else talk about it... you are merely trying to suggest that adoption is widespread, and it is not.. that is the relevant point.

.. so who cares whatever the fuck you actually said because your implications are clear, you are leaving a kind of implication that many people know about bitcoin and they do not.... so don't be getting conveniently caught in technical details about what you said when it is sufficiently clear that you are spouting out inaccuracies.. because the essence of what you are saying seems to be a purposefully misleading statement because it suggest inaccurate facts about adoption and/or opportunities for adoption, which is surely not even close to the case.   

[bones261]

Sure, go for it.

How do you shave your llama sack?

Carefully and using a procedure I learnt from confirmed sources.

Do any of these confirmed sources come in the form of cute pets? The two guinea pigs that I have are doing a shit job giving me inside pointers on the BTC market or advice on other matters.

[JayJuanGee]

Tend to agree with JJG.  

My vote is the same as yours, and almost always I am wrong

Why can I not give negative merits.

why would anyone give you the power to increasingly fuck things up any worse than you already are able to with your "free speech" nonsense proclamations?

Furthermore, you are bad enough about NOT even using your positive merits, so who would be dumb enough to give you negative power...

Look in the mirror, roach... you are a social misfit..

instead of being proud of such status..


Get a (mental) grip, roach!!!

[Traxo]

the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Do not put words in my mouth which I never spoke.  

I actually specifically said "heard about" it - as in heard the term "bitcoin".

My point still stands, and you are bat shit crazy if you actually believe that people know about bitcoin... which is the main relevant point.. 

Again, stop lying. I did not say that.

why the fuck else talk about it... you are merely trying to suggest that adoption is widespread, and it is not.. that is the relevant point.

.. so who cares whatever the fuck you actually said because your implications are clear, you are leaving a kind of implication that many people know about bitcoin and they do not.... so don't be getting conveniently caught in technical details about what you said when it is sufficiently clear that you are spouting out inaccuracies.. because the essence of what you are saying seems to be a purposefully misleading statement because it suggest inaccurate facts about adoption and/or opportunities for adoption, which is surely not even close to the case.   

Then we could say same about this quote: 

Pretty well everyone I know has heard of bitcoin.

But clearly we both made distinctions between "heard about" and "know about". 

I specifically wanted him to clarify because it was very odd to me that majority of electronics class students had not "heard" about bitcoin, when in fact everyone around me has indeed heard about it (and no, I don't imply they refused to buy it or whatever because they thought it's a scam). 

I tend to agree that many don't know about it (what it is).

That's all.

[realr0ach]

^Any completely artificial, Keynesian widget is a scam by default.  As are all 'currencies', as opposed to 'money' (physical commodities like gold and silver).  All currencies start at a value of zero and return there - there are no exceptions.  Such is the fate of cryptocurrency.  The only type of transaction that doesn't revolve around scams is barter.  

Humans attempted to utilize money to practice specialization of labor in lieu of barter.  If you view specialization of labor as a necessary evil, the closest thing to barter without being barter itself is the exchange of physical commodity money since physical commodities are barter relatively speaking.  Any extrapolation further than that is just flat out fraud or centrally planned, Keynesian neo-feudalism/communism/it's all the same thing.

Bitcoin does NOT remove any of those central planners of communism.  It has built-in middlemen, and those 'transaction validators' are designed to centralize under corporations who can afford massive R&D budgets and foundries like Samsung, Intel, Global Foundries, TSMC, etc.  Bitcoin is the same corporate fascism that already exists, except it's even worse than what exists now because Bitcoin is nothing more than a centralized govt tracking system where the gatekeepers (the tiny amount of transaction validators) will simply blacklist your funds and make them unspendable.  It's an exact replica of the Chinese social credit score system for it's endgame evolution.

[JayJuanGee]

the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Do not put words in my mouth which I never spoke.  

I actually specifically said "heard about" it - as in heard the term "bitcoin".

My point still stands, and you are bat shit crazy if you actually believe that people know about bitcoin... which is the main relevant point.. 

Again, stop lying. I did not say that.

why the fuck else talk about it... you are merely trying to suggest that adoption is widespread, and it is not.. that is the relevant point.

.. so who cares whatever the fuck you actually said because your implications are clear, you are leaving a kind of implication that many people know about bitcoin and they do not.... so don't be getting conveniently caught in technical details about what you said when it is sufficiently clear that you are spouting out inaccuracies.. because the essence of what you are saying seems to be a purposefully misleading statement because it suggest inaccurate facts about adoption and/or opportunities for adoption, which is surely not even close to the case.   

Then we could say same about this quote: 

Pretty well everyone I know has heard of bitcoin.

But clearly we both made distinctions between "heard about" and "know about". 

I specifically wanted him to clarify because it was very odd to me that majority of electronics class students had not "heard" about bitcoin, when in fact everyone around me has indeed heard about it (and no, I don't imply they refused to buy it or whatever because they thought it's a scam). 

I tend to agree that many don't know about it (what it is).

That's all.

Perhaps based on your further explanation and clarification we largely agree about the difference between hearing about and knowing about.    Great to be making some progress here, perhaps.

[realr0ach]

JayJuanGee Post

[degxtra1]

How do you shave your llama sack?

Carefully and using a procedure I learnt from confirmed sources.

so proudhon, confirmed sources says no more cheaper than 11K for 1bitcoin.
Buy some gilettes, shave it properly and join the train  
it's last chance - speak to you @20K on 10th of July, this year

[bitserve]

This is fine. Confirmed.

[realr0ach]

Feels like this guy wrote this after reading my posts, but left out much of the more important, easily identifiable arguments as to not appear to be a direct plagiarism:

https://www.zerohedge.com/news/2019-06-26/one-crypto-skeptic-asks-bitcoin-diversion-natural-monetary-order