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

[BayAreaCoins]

I should really dig up some old JayJuanGee shitposts and get a good lol at how time makes him look like a dipshit.

Blockchain.com (AKA Blockchain.info) is basically altcoin central now because the market is shifting away from BTC because people aren't fans of waking up to $150 txid fees.  *shocker*

Want to know why Bitcoin is about to slip under 60% dominance in the cryptocurrency market?  Because lots of people lost lots of faith in it... who cares if you got a few rich dipshits holding the hundred billion dollar market up with a few hundred million bucks... it's the market that you want vs just a few rich dicks.  "He can move $100 million dollars for $200, that's a great deal!"... but that dude that's trying to pay his $500 rent is also paying $200 to move his coins.  It's a bad deal.

Ever try to sell a Bitcoin to normal people at these levels?  You'll starve.  You got to go to certain places that have these few rich dick funds.  Bitcoin is way overpriced right now and the market is doing speed wobbles.

I expect Bitcoin under $5,000 by OCT.

[realr0ach]

The #learntocode meme people post pretending coding is the future of employment is hilariously stupid.  You need to be a flat out fool to not be able to tell the video games industry is in an insane bubble right now.  There's so many games coming out per day you can't even play a fraction of them even if you pirate them all, don't work, and play video games 24 hours a day lol.  Here's some guy on Youtube today talking about how he sent out 1000 job applications and got one interview, and a guy in the comment section with 200 and no job or interview.  

Coding is a fucking bubble.  Telling everyone "learn to code" is like telling everyone on earth "learn to be a plumber dude".  In an economic downturn, nobody even needs any virtual jibberish located inside of a computer so almost the entire industry is expendable except for a few govt, healthcare, billing, etc, related jobs.  Of course, these people's posts are likely also an indicator of the general direction of the economy at the moment as well.

85% of jobs in the US are filled by referrals.  Anyone not using their network and relying solely on job application letters is approaching the problem fundamentally wrong, especially if they are applying for positions above “entry level” at Taco Bell.

Typical example of roach being completely disconnected from reality, and stumbling across a dumb YouTuber that doesn’t understand how his own industry works.  

You did not rebuke anything with your comment.  If anything, you just backed up my point.  Whether these people are self taught programmers or went to an expensive school, regardless of if they're better at doing it than everyone else on earth, they have no prospects because they have no "referrals" or "network", especially in an economic downturn when these companies start getting rid of programmers they already have.  

Even if they have experience - let's say they're the best video game designer on the planet - and while Super Mario 1-11 were good, they worked on Super Mario 12 and through no fault of their own, the game turned out to be complete crap.  Their resume is now even worse than a fresh off the boat, entry level, college grad.  How do you form a "referral network" working gig jobs when the sucess of the final product output is not even within your control because you're a cog in the machine making up 1/1000th of that machine?

The guy's Youtube channel that was from pushed the conclusion that working for, or attempting to start out at most of these companies is pointless and that you have to try and develop something yourself and self employ.  But that tactic in "big tech" falls into the Marxian problem of trying to compete against people with way more capital and resources than you that's going to make it tough or impossible.  There's a few good solo dev apps, but good solo dev games or other more complex projects are almost non-existent nowadays.  The only real lesson is do not enter into any oversaturated field.

[JayJuanGee]

Bumped and get dumped in the last 24 hours.

Think of it like foreplay. We only get to stick our dicks in after the halving & that’s when the real fun starts.

unless it's a case of vagina dentata...lol

Oh shit -

Description - Vagina dentata describes a folk tale in which a woman's vagina is said to contain teeth, with the associated implication that sexual intercourse might result in injury, emasculation, or castration for the man involved. (Wikipedia)

Certainly that Vagina dentata seems like something that a guy would not want, even if foreplay had seemed like it was going decently well.

Oh shit, oh shit, oh shit.  


I am starting to feel the FU part of FUD.

[realr0ach]

If you've not been through the exercise of packing a Bug Out Bag, you might be unpleasantly surprised as to how impractical PMs can be.

So you're saying that in an end of the world scenario where no monetary instrument has value at all and the skies are covered in radioactive clouds and you're leaving all your belongings and vehicles behind at your house that it's inconvenient to carry a million dollars worth of physical metals in your pocket while attempting to run away from the hypersonic nuclear missiles?  Okay. 

Stuff like this only applies to people who are dumb enough to live somewhere like Chicago or NYC during economic implosion or war in the first place.  Anyone living in a lower density area is already at the place everyone else will be trying to flee to.  And you seem to conveniently overlook the fact that in any scenario of mass emergency and migration, the economic system and infrastructure will have imploded, and the only types of things that have any hope of being monetarily useful are barter and physical metals anyway.

[JayJuanGee]

By the way... jbreher is posting on behalf of the gov, isn't it ssssoooooo obvious?

Go Fuck Yourself, JJG.

What's the BIG deal?  Jees.   I cannot even speculate anymore?  and of course state any such of my speculations as a given?  

This supposed speculation thread sucks.

Unfair.  

Now, I am starting to sound bitter, like you know who.  

By the way... jbreher is posting on behalf of the gov, isn't it ssssoooooo obvious?

Go Fuck Yourself, JJG.

Jbrehers avatar is a BEAR, BEARS ARE THE SYMBOL OF RUSSIA!

I am pretty sure Jbreher is Valdamir Putin and is currently secretly buying up all the bitcoins cash to turn it into the Crypto of the kremlin!

In all seriousness I am pretty sure Jbreher has posted pics of him hunting that a gov agent wouldn't be too allowed to do.

The jury is still out, and now I am afraid to say anything because I don't want to receive a surprise russian nerve agent into my coffee when I am trying to spend a little bcash, of course SV would be the preferred version.  

You see jbreher, I can attempt to go along and to get along, even if bots don't need to drink coffee.  I will buy some inexpensive coffee just to demonstrate that bcash works, and also solidarity, comrade.  

[realr0ach]

Jbrehers avatar is a BEAR, BEARS ARE THE SYMBOL OF RUSSIA!

[JayJuanGee]

I should really dig up some old JayJuanGee shitposts and get a good lol at how time makes him look like a dipshit.

Wow.  Do I look worse that roach, who sold all his BTC in the $700 arena?  Or does it just look bad because I mostly engaged in dollar cost averaging and accumulation of bitcoin.  Of course, anyone who had been accumulating bitcoin in the past 5.5 years is going to look like such a BIGASS dipshit.

I feel bad for myself.. especially because whatever I did caused me to become rich beyond my expectations.  That would have been dipshitty of me.

Blockchain.com (AKA Blockchain.info) is basically altcoin central now because the market is shifting away from BTC because people aren't fans of waking up to $150 txid fees.  *shocker*

I did not realize that you turned into a BIG blocker troll and bitcoin naysayer, pumping of that kind of bullshit.

Want to know why Bitcoin is about to slip under 60% dominance in the cryptocurrency market?  

do you realize that the bitcoin dominance index on coinmarket cap is a bullshit indicator; however, even though that index is full of shit because it tends to continuously get distorted by a continued addition of new scams that are added to it, and even when they continue to add shitcoins and fluff, the index still shows bitcoin largely holding its own and even growing amongst bullshit attempts to dilute the real dominance of bitcoin.  in terms of sound money and in terms of network effects.

Because lots of people lost lots of faith in it... who cares if you got a few rich dipshits holding the hundred billion dollar market up with a few hundred million bucks... it's the market that you want vs just a few rich dicks.  "He can move $100 million dollars for $200, that's a great deal!"... but that dude that's trying to pay his $500 rent is also paying $200 to move his coins.  It's a bad deal.

 People can decide whether or not they want to use the bitcoin blockchain to move coins and get an estimation of fees before they make the choice to actually transmit their coins.... or how many to transmit.

Ever try to sell a Bitcoin to normal people at these levels?  You'll starve.

Yes you are making shit up.  Still trying to propagate myth that is not true.... but who cares if you are making shit up or not.. you have some kind of mission to spout out dumbass BIG BLOCKER and bitcoin naysayer talking points.

You got to go to certain places that have these few rich dick funds.  Bitcoin is way overpriced right now and the market is doing speed wobbles.

I expect Bitcoin under $5,000 by OCT.

 I doubt that you are going to get coins that low, but hey, if you are putting your money where your mouth is, then who really cares if you are correct or not, because if you are correct, you will be able to laugh all the way to the bank, AmiNOTrite?

[HairyMaclairy]

Lads - tell us all a story. What is the best way you almost died?  

Similar story, too young driving a 350z, doing 90 mph in the drain, lost traction and spun, I wasn't in any control but I barely dodged a semi hauling massive steel beams for a bridge, I slingshotted off the highway up and over a ditch and on to a hill. During the spin, I was peaceful and like "well this could be it." Afterwards the shock set in.

 Nice.  Took me awhile to figure out why you were driving in the drain.  

(Rain).  I have only spun once.  It was on a track day and I lifted off fast coming into a corner and then turned in sharply doing about 120kmh / 70 mph .  Got an intense lesson in liftoff oversteer that I won’t forget anytime soon.  

The car spun flat about six times and then very slowly spun into a tire wall.  It was only doing about 10kmh by the time it hit the tire wall and only made a mild dent in the front quarter panel.  Good scare though.  

[HairyMaclairy]

BayAreaCoins has been a big blocker government agent for a long time now.

[Patel]

I should really dig up some old JayJuanGee shitposts and get a good lol at how time makes him look like a dipshit.

Blockchain.com (AKA Blockchain.info) is basically altcoin central now because the market is shifting away from BTC because people aren't fans of waking up to $150 txid fees.  *shocker*

Want to know why Bitcoin is about to slip under 60% dominance in the cryptocurrency market?  Because lots of people lost lots of faith in it... who cares if you got a few rich dipshits holding the hundred billion dollar market up with a few hundred million bucks... it's the market that you want vs just a few rich dicks.  "He can move $100 million dollars for $200, that's a great deal!"... but that dude that's trying to pay his $500 rent is also paying $200 to move his coins.  It's a bad deal.

Ever try to sell a Bitcoin to normal people at these levels?  You'll starve.  You got to go to certain places that have these few rich dick funds.  Bitcoin is way overpriced right now and the market is doing speed wobbles.

I expect Bitcoin under $5,000 by OCT.

Shhhh the truth hurts some.

But the Bitcoin under $5,000 prediction is not likely imo.

Although, when looking at all the blockchain communities individually, I feel there are other projects which will be gaining on BTC in the months and years to come.

Bitcoin is great but it has many flaws, which many "maximalists" in the community will try to defend till the death. Heck, I am a BTC maximalist in a sense because that's 80%+ of my portfolio, but it does have flaws. But i'm not a die hard loyal to any blockchain. If something better comes along, i'll happily dump and move over. But as of now, nothing can really beat BTC at the moment.

Although, privacy, scalability, decreasing mining subsidies (2 halvings in the future I think), very slow if not impossible to add features which require hard forks. We're seeing mining fees very low right now, which is cool, but people won't be willing to pay $100 to get into the next block. This alone will drive users to other chains which can provide the utility and liquidity they are looking for.

I've been following this industry closely since 2011, and I'm extremely bullish on the cryptocurrency industry in general, but I do foresee other projects gaining traction against BTC.

Although, I think BTC will remain the market cap leader for quite some time.

[HairyMaclairy]

So tell us oh shitcoiner, what is the next Bitcoin?

[Patel]

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

[JayJuanGee]

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

You seem to be creating a strawman argument.

I have heard a lot of relatively bitcoin maximalist present arguments on the topic of bitcoin, yet I have not heard any one of them assert that bitcoin is the one and only and forever.

Frequently, they say things like this: 1) bitcoin is the best at the moment, 2) there is nothing really broken about bitcoin, and 3) there is nothing that is even close to bitcoin, so in that regard, even so called bitcoin maximalists might be willing to hedge their bets on another coin, if there were any that offered anything close to bitcoin and/or if there were significant and material flaws in bitcoin that were significantly and meaningfully addressed in another coin or some other project.

So, your seemingly dumbass strawman argument tries to suggest that there are a bunch of stupid-ass religious bitcoin maximalists who are going to go with bitcoin (and down with the ship) at any cost as if they are locked into their investment no matter what.

I will agree that there seem to be a whole hell of a lot of "holders of last resort" in bitcoin that cause bitcoin's price to not go down as much as some no coiners or bitcoin naysayers would prefer, but part of the likely reason that a vast majority of these  holders of last resort do not sell their bitcoin is because there is nothing significantly or meaningfully wrong with bitcoin and there is no other coin, project or asset that seems to even come close to bitcoin in terms of both fundamentals and network effects... including that bitcoin is a paradigm shifting technology that offers the world a kind of sound money in a format and reality that had never ever existed in history, which is likely going to alter history forever, and so long as bitcoin is holding that mantel, the holders of last resort are likely to stay with bitcoin.  Go figure.

[Biodom]

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

I understand this argument, even consider it myself from time to time, but it does not always work like this.

An example:
Life on earth is based on carbon. Could there be a better life, based, say, on Si? Maybe, but on this planet life appeared only once and remains the same in its basic setup. It will stay the same until it is gone (if it ever happens).

Unrelated example, really, just to show that better or even different not always come (is realistic time frames).
Better search than Google, bigger social than facebook-maybe, but not something foundational like language if we are coming closer to discussing bitcoin. We are not suddenly going to decide to use some minor language worldwide.

A bigger existing network can take over some functions, but at this point new crypto is unlikely to do it, I think.
That is with a caveat that I don't consider libra a cryptocurrency (as it is most similar to a currency ETF or a mutual fund).

[heslo]

Fuck driving a scooter/moped. I nearly died in a car accident when I was in my early 20’s. I would have been in about 100 pieces if I was on a scooter. I’m too much of a pussy to feel safe on a scooter.

Thats why you ride one of these.



Whats behind me cannot hurt me.

But then again hitting a tornado at 120 almost did.

I didn't see your 1pt font line until I quoted your comment to reply, it didn't even register on my eyeballs.

So I'm abandoning my previous reply to ask you this: Were you trying to just speed through the tornado, or, why didn't you turn around?

It came out of no-where, one second it was sunny and then I was in a rainstorm (the rain was nailing my hands like needles) and hit an exit with a river pouring down it and hydroplaned up the thing went between 2 cars and layed the bike down so as to not hit the rail while up and flip over onto the highway. I got really lucky that day, only ground half a kneecap off. I did end up getting a staff infection a week later as the Doc left some road in my leg and spent a few weeks fighting for the leg (apparently i should have gone right in and not walked around a week on it all swollen up) but no lasting repercussions except i had the nickname crash at the barracks for awhile after that.

That sounds intense.  Glad you came out of it ok

Lads - tell us all a story. What is the best way you almost died?  

My most memorable was a few years back driving my GTR. I say memorable because I wasn't driving like an idiot it was just a freak occurrence. Driving along in the rain up in the hills on the way to my now wifes house back when she was living up there with her sister and came around a long sweeping bend; nothing unusual just like the other hundred or so times I'd driven the road. All of a sudden I'm facing the opposite direction hydroplaning into a massive tree (the only one for a few hundred meters of course) I somehow wrangle back control, come to a stop, gather my thoughts and think how lucky I was had a car not been coming the other way. Really opened my eyes to just how things can change when you're even doing everything right. I assume there was some oil or something of the sort on the road that caused me to lose control like that but I'm always cautious of that bend now... bad experience

[HairyMaclairy]

Who knows...

But the one that thinks Bitcoin is the one and only and forever is a fool.

Something better will always come, time after time.

So you have no idea, but you are completely sure. Nice.  

[realr0ach]

BayAreaCoins has been a big blocker government agent for a long time now.

BayAreaCoins, as a paid ESF Jew shill, what is your opinion on the govt rounding up and arresting all members of the CFR, BIS, IMF, and all the Mossad Jew shills like Wolf Blitzer, Jake Tapper, and useful idiot, shabbos goyim like Anderson Cooper and executing them all for the charges of sedition, treason, human trafficking, drug trafficking, organ trafficking, financial fraud, and war crimes?

Afterwards, freeze all assets of the evil cult of Judaism in places like NYC, then drop a few strategic nukes on Israel in retribution for their hundreds of false flag terror attacks such as the USS Liberty, 9/11, and involvement in the Kalergi plan?  Then as per the coinage act of 1792, reinstate physical metals as the only form of money.

[bitebits]

Nothing better than a PlanB tweet to close the lazy Sunday:

https://twitter.com/100trillionusd/status/1153023408072011776?s=21

#bitcoin looks undervalued compared to Gold & Silver

why do people compare virtual things like bitcoin to physical things like gold?

SoV?

[realr0ach]

why do people compare virtual things like bitcoin to physical things like gold?

SoV?

Bitcoin is a currency, not money.  It's in the word cryptocurrency just in case you're extremely slow.  Currencies are by definition all valueless, Keynesian constructs based on artificial scarcity that start at a value of zero and always return there.  They're obviously not "stores of value", but simply confidence games.  It's not possible to claim Bitcoin is a "store of value" without simultaneously claiming Dogecoin is a store of value at the same time, and by definition all 5 billion other digital shitcoins.  Obviously none of them are because they're currencies and not money.  

To be money, aka a store of value in the context of humans requires being a non-perishable, physical commodity resource.  A box of iodized table salt can serve as a limited form of money having a shelf life of 5 years, while noble metals work much better almost completely defying entropy eternally.  Bitcoin isn't even non-perishable because it's shelf life is completely unknown.  It can die to hundreds of black swans metals are immune to, and like all confidence games, it can die at any second just by falling into disfavor because it's not a resource in itself.

[infofront]

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