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

[realr0ach]

You know that bitcoin is more than a timestamp, right?

JayJuanGoyim, Trump's tweet was not incorrect when he said "Bitcoin is not money".  It's a currency, and all currencies are valueless pump and dump scams based on artificial scarcity that start at a value of zero and return there. The only thing he failed to mention is that the US dollar is also a currency.  He also conveniently left out what actually is money...but he's hinted at it before:





Also, get ready for 20:1 gold to silver ratio.

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[JayJuanGee]

You know that bitcoin is more than a timestamp, right?

JayJuanGoyim, Trump's tweet was not incorrect when he said "Bitcoin is not money".  

Now you are going to start citing Trump, as if he has any brains?

It's a currency, and all currencies are valueless pump and dump scams based on artificial scarcity that start at a value of zero and return there.

All currencies are not the same, diptwat.  Even you know that.  

You try to suggest that gold is a more valuable form of currency, don't you?

Well, if gold is more valuable than regular fiat currency, then bitcoin is more valuable than gold....

We know that gold also got screwed up by paper printing of it, yet it is going to be more difficult to accomplish paper printing of bitcoin, because people can more easily reclaim their bitcoin, which is much more difficult for gold.

The only thing he failed to mention is that the US dollar is also a currency.  He also conveniently left out what actually is money...but he's hinted at it before:

Well, going back to the gold standard could help to make the USD more sound, but I will believe it when I see it.


Saying something is one thing, making progress in that direction is another thing.

The debt is so god damned BIG that it would be quite difficult to get all of that under control... Good luck with getting a lot of that sorted out in the next 10 to 20 years.

[Cryptotourist]

JayJuanGoyim, Trump's tweet was not incorrect when he said "Bitcoin is not money".  It's a currency, and all currencies are valueless pump and dump scams based on artificial scarcity that start at a value of zero and return there. The only thing he failed to mention is that the US dollar is also a currency.  He also conveniently left out what actually is money...but he's hinted at it before:

Really?
How about this part:

We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!

Not convenient enough for you?

[Cryptotourist]

r0ach you have a lot of brain power - of really bad quality.

In others words you should probably get laid - at least once in your miserable life.

[realr0ach]

Ever notice I'm the only person in this thread that knows what they're talking about?  Here's Zerohedge front page news today:



Then here's the post I made yesterday:

Reply I sent to Anonymint earlier as to why I think the system is probably real close to implosion.  He seems to think this will be a long drawn out thing with a "strong dollar" for an entire 8-10 years from now.  I don't really see it as possible as I explained below:

strong dollar vortex peaks circa 2024 to 2028

I HIGHLY doubt the dollar can possibly stay strong that long.  Very implausible.  A few weeks ago I was talking about how things like gold have been in bull markets hitting near or record highs in all other currencies like Australian Ponzi dollars, Canadian Ponzi dollars, etc.  The US dollar is the odd man out in all these charts and is obviously way overvalued even more than it's normal overvaluation.  Out of all the currencies in the entire world, it's the US dollar that needs to devalue the most at the moment.  I expect massive dollar devaluation soon-ish.

as they see interest rates start to rise after 2021

Seguing from the above comment, there's a reason why the dollar is currently so overvalued.  Interest rates will skyrocket as soon as dollar devaluation occurs and collapse the entire system.  So from my assessment, the system is probably far closer to an end/reset than you think it is.  You're talking about having "strong dollars" for another entire decade here, but as I talked about earlier, the dollar is the clear odd man out and must devalue.

[jbreher]

Holy shit, Trump just tweeted a bunch of hater shit about Bitcoin and Crypto in general. Time to get this asswipe out of office. I used to like some of his actions, but fuck him and his USD shitcoin!

https://twitter.com/realDonaldTrump/status/1149472285905940480

Yeah, I dunno. Seems like there is at least a kernel of truth to every one of his statements.

Well, with the exception of "...and it will always stay that way."

OK, "...which are not money,..." could be argued either way in regards to the current status.

It's actually somewhat of a sign that POTUS felt the need to expound upon Bitcoin.

Of course, he is the most expoundiest of any president to date.

[Raja_MBZ]

Well, going back to the gold standard could help to make the USD more sound, but I will believe it when I see it.

Can't happen. Won't happen. It's useless to even think of it.

r0ach you have a lot of brain power - of really bad quality.

Yeah, that "a lot of brain powder" is probably some ugly form of rusted silver... and hey, does bitcoin corrode? Like gold and silver?

[realr0ach]

Holy shit, Trump just tweeted a bunch of hater shit about Bitcoin and Crypto in general. Time to get this asswipe out of office. I used to like some of his actions, but fuck him and his USD shitcoin!

https://twitter.com/realDonaldTrump/status/1149472285905940480

Yeah, I dunno. Seems like there is at least a kernel of truth to every one of his statements.

Well, with the exception of "...and it will always stay that way."

Probably will stay that way if they back the currency and make it redeemable for silver and gold like it used to be.  The only question is IF it can be done with what they have.  With only gold, no.  But JP Morgan has acquired 1/3rd of all physical silver on the planet for one of their "clients", and that client is undoubtedly the US govt.  Coinage act of 1792 says the dollar is supposed to be 371 grains of silver as well, NOT gold.

[Lambie Slayer]

Holy shit, Trump just tweeted a bunch of hater shit about Bitcoin and Crypto in general. Time to get this asswipe out of office. I used to like some of his actions, but fuck him and his USD shitcoin!

https://twitter.com/realDonaldTrump/status/1149472285905940480

Yeah, I dunno. Seems like there is at least a kernel of truth to every one of his statements.

Well, with the exception of "...and it will always stay that way."

He said Bitcoin is based on "thin air." This is a proven lie bc 14 intelligence agencies have incontrovertibly shown with science that its based on lambos, memes, and pics of hot chicks climbing walls.  

I will use back channels to offer to drive to Washington in a Lambo with several hot chicks with rock climbing gear to speak with Trump and change his mind about Bitcoin.

[realr0ach]

Lying kike Ben Shapiro is shilling FOR Bitcoin, so that pretty much gives it away as being a Jew scam/bait and switch to a cashless society slavery system:

https://www.youtube.com/watch?v=KfPX59y4KxE

[jbreher]

He said Bitcoin is based on "thin air." This is a proven lie bc 14 intelligence agencies have incontrovertibly shown with science that its based on lambos, memes, and pics of hot chicks climbing walls.  

OK, that was kinda funny.

But Bitcoin's value -- as with that of any monetary instrument -- is based upon nothing but faith. Faith that it will be accepted by another. As such 'thin air', while being a possible stretch, is not altogether false.

Unclear why your panties are in a bunch. What exactly would you expect POTUS to say about Bitcoin?

[realr0ach]

But Bitcoin's value -- as with that of any monetary instrument -- is based upon nothing but faith.

This is just not true because your reference point is humans.  So any type of commodity money resource that falls within or facilitates the base levels of Maslow's pyramid is NOT based on faith, but NEED.  This is why things like bags of rice were used as money in the past.  

The purpose of money is to transfer value from the present to the future, so a non-perishable, physical commodity relevant to human needs is required, otherwise it's just a confidence game scam that collapses (bitcoin).  We shifted from things like rice to metals because rice isn't non-perishable enough.  You could attempt to use something like lumber, but then you fail criteria such as fungibility, portability, etc.  There's a reason the noble metals always come out on top as the Schelling point of money, because all other commodities fall short in comparison.

[HairyMaclairy]

He said Bitcoin is based on "thin air." This is a proven lie bc 14 intelligence agencies have incontrovertibly shown with science that its based on lambos, memes, and pics of hot chicks climbing walls.  

OK, that was kinda funny.

But Bitcoin's value -- as with that of any monetary instrument -- is based upon nothing but faith. Faith that it will be accepted by another. As such 'thin air', while being a possible stretch, is not altogether false.

Unclear why your panties are in a bunch. What exactly would you expect POTUS to say about Bitcoin?

Indeed.   “In God We Trust”

If that’s not an expression of faith...

[Negotiation]

BTC Peer-to-Peer Trading Rises Amid Ban on USD in Zimbabwe: Report

Artile Source: https://cointelegraph.com/news/btc-peer-to-peer-trading-rises-amid-ban-on-usd-in-zimbabwe-report

This is bad news Zimbabwe bitcoiner?

[JayJuanGee]

Ever notice I'm the only person in this thread that knows what they're talking about? 

I had not noticed that you knew much of anything that others here did not already know.

[bkbirge]

Trump is a living embodiment of the Dunning-Kruger effect. If his incompetence actually causes more eyes on crypto then that would be hilarious.

[DonQuijote]

he should say it, he needs to protect usd because we are in a currency world war

[Lambie Slayer]

He said Bitcoin is based on "thin air." This is a proven lie bc 14 intelligence agencies have incontrovertibly shown with science that its based on lambos, memes, and pics of hot chicks climbing walls.  

OK, that was kinda funny.

But Bitcoin's value -- as with that of any monetary instrument -- is based upon nothing but faith. Faith that it will be accepted by another. As such 'thin air', while being a possible stretch, is not altogether false.

Unclear why your panties are in a bunch. What exactly would you expect POTUS to say about Bitcoin?

 Please dont assume that since you might prefer womens underwear(i dunno but it seems on your brain at atm ) that others are of the same ilk. Jk w u buddy, we are cool.

But seriously... Im unclear why you are so stumped as to why I take Trumptards comments as derogatory against Bitcoin. To say it is based on thin air is false bc as you said it is backed by faith.

Faith is much more powerful than thin air. Faith has caused empires to fall, reserve currencies to go to zero as others take their place, large chunks of ethnic groups to be wiped off the planet, masses of innocents to be tortured, porn to remain the most searched internet term of all time etc. I can think of little on this planet more powerful and influential than the beliefs(faith) of its human inhabitants. To dismiss it as just a nothing backed by nothing is the greatest lie and Trump has done just that.

[Negotiation]

he should say it, he needs to protect usd because we are in a currency world war

Well but basically all bitcoin holder can refund her money Moreover, everyone will face losses thinking that this news affected the market. 

[realr0ach]

I had not noticed that you knew much of anything that others here did not already know.

JayJuanGee, can you read the writing on the wall?