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

[Amateur_]

Observing BTC @ 9,695 USD

Currently hovering above the 9,400 USD support line; potential retest incoming.

[realr0ach]

Since this thread is read by half the spooks in the world, I would like everyone to welcome aboard Anne Neuberger from the evil cult of Judaism to be the NSA's cybersecurity director.  Since allowing a woman to be in charge of anything related to computers or warfare is completely asinine, we can rest assured the leader of the free world - god emperor Putin - will be most happy with this choice.

[jojo69]

The longer it builds, the higher it will end up...

that's the way I see it

this is perfect so far, couldn't have painted it better

[realr0ach]

That reminds me of all those Windows 7 parties I threw back in the day. Truly amazing times.

Windows 7 was the death of computing.  Shifting from single CPU cores and closer to the metal systems to bloated abstraction layers and APIs.  In other words, everything about things from that period forward were focused on SERVER and multi-tasking performance (things like apache web servers) at the expense of workstation performance (things like video games and end user latency).  

And now you have people going even more overboard in that path pretending that it's valid to create video games the same way CG movies are done - in post processing render layers.  The purpose of a video game is it's supposed to be real-time.  I'm surrounded by idiots.  So, Windows XP is still technically the best gaming OS for things like latency.  Whether it's turd-like Linux distros even more focused on multi-tasking than Windows is, or Windows itself, none of these OS's after Windows XP should even exist for real-time or gaming performance, only for office work and servers.

[jojo69]

You hold you win.  simple

What do you win ? Serious question. I've nothing against hodlers, but if you're a pure hodler, then the price shouldn't matter to you, should it ? 1000$ more, 1000$ less, what difference does it make ?

pretty much

[nutildah]

WO brothers .... I have been busy this evening....

Went after poker to Amsterdam and have met with 5 forum members (more collectible section guys)

Have been with mitchell, yogg, minifrij, micromen, chronicsky ..... awesome Guys

We drunk and played Some drinking games.... pity I was late and most fly out tomorrow, calling the night little early.... but still i’m drunk

Pretty cool mic, but could you explain the significance of your zero bitcoin note there? I think it has to do with an inside joke we're not privvy to.

[VB1001]

Bitcoin’s newest trading product offers direct exposure to its volatility, and BlockTower Capital is the first to dive in

Bitcoin’s volatility has long been thought of as one of the major factors that keep big money managers from investing, but a new esoteric financial product could help traders hedge against the cryptocurrency’s price swings.

Hong Kong-based trading firm GSR revealed to The Block that the first trade of its bitcoin variance swap has been executed with cryptocurrency hedge fund BlockTower Capital — the latest development in the booming derivatives market for digital currencies.

https://www.theblockcrypto.com/2019/07/25/bitcoins-newest-trading-product-offers-direct-exposure-to-its-volatility-and-blocktower-capital-is-the-first-to-dive-in/

Good morning "esoteric".

[HairyMaclairy]

While a VIX index for Bitcoin is intellectually interesting, I’m not touching that with a 10 foot pole

[machasm]

I ran into one of my nocoiner friends that I mentioned BTC to some 5 years ago and he never invested.
He still dislikes BTC primarily for its volatility.
I simply said to him would he prefer a highly volatile product over the short term increasing in value over the long term against a low volatile FIAT which was decreasing in value over the long term?

He didn't have an answer and just humphhed and continued to mutter that he will never invested?

I guess that is the definition of Butt hurt.

[realr0ach]

While a VIX index for Bitcoin is intellectually interesting, I’m not touching that with a 10 foot pole

Silver, bitchez

[HairyMaclairy]

I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.

Bitcoin maximalist survivors have to be 5%. 

[mindrust]

I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.

Bitcoin maximalist survivors have to be 5%.  

Come to think of it, my mind works exactly the opposite.

I always tend to hodl the safer assets.*

Most people see bitcoin as a (very) risky asset and that was also my angle for a few years but when I realized It is not as risky as I thought, then I started buying.

Now I am staying away from alts because I think they are risky against btc. So far I am glad did.

Somewhere in 2017 this guy invested $10k in alts and it went to a fckn million.
https://bitcointalk.org/index.php?topic=1936239.0
https://www.cryptocompare.com/portfolio-public/?id=120643

I was jelly af at that time, now that $10k is $56k. Still a decent amount for the risk he took if you ask me.

sidenote: That's also interesting I created my 20k topic 2 days before him.
https://bitcointalk.org/index.php?topic=1932892.0

It is like many people felt what was about to come.

*That's a habit I obtained over the years probably. As a working man I know how hard it is to make money by working so I am prety conservative when I am making new investments.

[Globb0]

WO brothers .... I have been busy this evening....

Went after poker to Amsterdam and have met with 5 forum members (more collectible section guys)

Have been with mitchell, yogg, minifrij, micromen, chronicsky ..... awesome Guys

We drunk and played Some drinking games.... pity I was late and most fly out tomorrow, calling the night little early.... but still i’m drunk

Pretty cool mic, but could you explain the significance of your zero bitcoin note there? I think it has to do with an inside joke we're not privvy to.

Worthless fiat ?

[fillippone]

WO brothers .... I have been busy this evening....

Went after poker to Amsterdam and have met with 5 forum members (more collectible section guys)

Have been with mitchell, yogg, minifrij, micromen, chronicsky ..... awesome Guys

We drunk and played Some drinking games.... pity I was late and most fly out tomorrow, calling the night little early.... but still i’m drunk

Pretty cool mic, but could you explain the significance of your zero bitcoin note there? I think it has to do with an inside joke we're not privvy to.

Worthless fiat ?

It's a worthless crypto/fiat entanglement.
But alas, beautiful.

[LFC_Bitcoin]

While a VIX index for Bitcoin is intellectually interesting, I’m not touching that with a 10 foot punting pole

FTFY

[realr0ach]

I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.  

It's because there's no basis for any type of price floor or fair value for any imaginary, valueless, digital token besides $0, so their buy in time always has an enormous chance of failure.  The only thing setting Bitcoin apart would be a pseudo, temporary, sunk cost fallacy price floor provided by the hardware and production cost of the centralized ASIC monopolies.  GPUs are migratory and can always leave to a different coin, but the centralized ASIC monopolies are mostly stuck to a particular one.  

The ASIC cartel monopolies are then 'on your team' so to speak, always trying to rig the price as high as possible to gouge as many people as possible, and to prevent it from going below their cost of production and blowing up their monopoly business.  As you can see, the complete centralization of Bitcoin into a monopoly cartel is one of the main reasons for it's high price.  It has zero fundamentals due to the centralization and will eventually implode to nothingness because of it, but in the short term it was beneficial to price (manipulation).  

[realr0ach]

I sold my NEM stake at a 10x profit when I really should have held out for a 500x profit

A coin that is used for absolutely nothing - just like all craptocurrencies - and it's market cap is $600 million dollars with a buy side of 19 BTC.  That's how you can easily tell digital tardcoins are still in an enormous bubble.  After the bubble implodes, it will either have no buy side at all, or the same 19 BTC buy side, just at a market cap of like $6 million or less.  Will BTC also lose two zeros?  Tune in to find out!

[El duderino_]

I sold my NEM stake at a 10x profit when I really should have held out for a 500x profit

A coin that is used for absolutely nothing - just like all craptocurrencies - and it's market cap is $600 million dollars with a buy side of 19 BTC.  That's how you can easily tell digital tardcoins are still in an enormous bubble.  After the bubble implodes, it will either have no buy side at all, or the same 19 BTC buy side, just at a market cap of like $6 million or less.  Will BTC also lose two zeros?  Tune in to find out!

More likely to gain a few zero’s and believe me i’m tuned in

[Cryptotourist]

So is r0achie, he's a hodler/miner/trader you know.

Never mind his daily FUD job.

[realr0ach]

Disregard shitcoins.  Acquire physical silver.