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

[realr0ach]

and I still predict global reserve status

Talk about maximum delusion.  Bitcoin can die from hundreds of black swans metals are immune to, with Bitcoin being a currency and not even money in the first place, yet you think Bitcoin stands a chance in hell of competing against physical metals on Exter's pyramid?  The idea is laughable.  The lowest risk asset wins, and Bitcoin is not it.  

The fact that Bitcoin has built-in, rent seeking middlemen and it's not even possible to do a peer to peer transaction at all because each Bitcoin transaction requires three or more parties is the equivalent of saying you think PAYPAL will be the world reserve currency.  Because those are attributes also shared by Paypal.  Bitcoin might be able to compete against other currencies like Chuck E Cheese tokens and Paypal widgets, but it doesn't compete against physical commodity money that actually does remove middlemen and counterparty risk.

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[Lambie Slayer]

and I still predict global reserve status

blah

Get laid, then get rich, then we can have a discussion. Since you dumped Bitcoin at the worst time, the last few years have left you high and dry with your silver fetish. 

[LFC_Bitcoin]

@nutildah, I don’t like drugs that make me feel like I’m not in control of my mind & body. I’ve really slowed down (almost stopped) using drugs in recent times. My drug of choice is cocaine though. I’ve never really caree much for weed, it just makes me hungry & very lazy.

Any way, my weirdest drug experience was magic mushrooms which I only did once due to how fucking weird it was. I saw blue tweetie pies in the sky, I laughed at some ginger guy which I don’t even remember doing & he started a fight on me. I thought my friend was going to get run over by a bus even though it was really far away. Overall an all round horrible experience.

[realr0ach]

This is why everyone just laughs at digital shitcoiners.  It's entirely composed of lying millenial scammers who believe their own lies simply because someone ran a pump and dump operation and now they pretend just because Bitcoin got pump and dumped it qualifies for "world reserve currency" LOL.

[Lambie Slayer]

https://www.ccn.com/news/trump-doj-sues-bitcoin-exchange/2019/07/27/

This may be causing the dump. It tells me Mnuchin is really pushing the White House to go after Bitcoin and cause negative headlines. We just had the IRS letters, now this. Its a concerted negative PR campaign from Trump appointees. I dont think Trump really gives a fuck or understands Bitcoin, just think Mnuchin and his banker friends are terrified and trying to shit all over us.

At some point Trump should realize most all the people that hate him hate Bitcoin and most of his supporters are neutral or for it, then I think he will tell Mnuchin to back the fuck off.

My guess is Peter Theil will pull a long owed favor soon and ask Trump to call of the dogs.

[toknormal]

Halfway through 2021 before we even see 10k again according to this analysis. Just looking at the cycles.

[Cryptotourist]

Since everyone here loves a good bottom pic

via Imgflip Meme Generator

Thnx bro, but not everybody. In fact, r0achie is probably feeling nauseous & confused.

+ 1 WO's meritim out

[gallianooo]

Halfway through 2021 before we even see 10k again according to this analysis. Just looking at the cycles.

Ready to make a bet on it ?

I bet NO at 99%.

[realr0ach]

https://www.ccn.com/news/trump-doj-sues-bitcoin-exchange/2019/07/27/

This may be causing the dump. It tells me Mnuchin is really pushing the White House to go after Bitcoin and cause negative headlines. We just had the IRS letters, now this. Its a concerted negative PR campaign from Trump appointees. I dont think Trump really gives a fuck or understands Bitcoin, just think Mnuchin and his banker friends are terrified and trying to shit all over us.

At some point Trump should realize most all the people that hate him hate Bitcoin and most of his supporters are neutral or for it, then I think he will tell Mnuchin to back the fuck off.

My guess is Peter Theil will pull a long owed favor soon and ask Trump to call of the dogs.

As usual, your primitive financial understanding misses what's going on entirely.  Even though Bitcoin is entirely a currency (transactional unit only) and not a store of value, it was given the same burdensome tax reporting standards as physical metals to try and pigeonhole it to where it can't be used as high volume, day to day transactional tool like the dollar.  Now that you have Mark Suckaberg trying to break into the dollar's role of day to day transactional unit, it seems to have attracted Jews trying to defend their debt based, usury dollar scam.

[Lambie Slayer]

Sorry to be bearish gents but I think we wont bottom this summer till we get to about 4900.

I was convinced of this by powerful entities who communicated with me on a recent DMT adventure.

Apparently they trade Bitcoin in transdimensional hyperspace.

I obviously dont post much during times like this bc its no fun but I promised to report.

DMT is one of those drugs that I just never got around to doing. I've done plenty of other hallucinogens in my day, the gnarliest of which is no doubt mescaline, extracted from a San Pedro cactus that me and one of my crazier friends chopped down in a botanical garden in Orange County. It took all day to prepare, slowly boiling it out of the plant matter, then boiling that down to a toxic sludge that tasted like liquid death.

It took about 2 hours to come on, but when it did, oh man... its the closest I've felt to being in tune with absolutely everything that was going on. There was nothing -- no time, no space, no life, no death, just everything happening all at once, across multiple universes.

Then 12 hours later, I kind of just instantly snapped out of it, and walked into Westwood to interview people who had been standing in line all day for the new Star Wars movie, as I had to turn in an article for the newspaper I was writing for a few hours later.

I havent had mescaline (yet...), but Ive tried my fair share of drugs and I dont really think of DMT as a drug. More like a gateway bc each time I instantly went to another dimension. Its probably the instant feeling of being struck by cosmic lighting and traveling to a new reality vs the typical build up period that other hallucinogens had on me that makes me put DMT in its own category.

If there is something more powerful than DMT   I might just have to pass on it tbh. Not sure I could handle more.

[Cryptotourist]

Halfway through 2021 before we even see 10k again according to this analysis. Just looking at the cycles.

Ready to make a bet on it ?

I bet NO at 99%.

Second that. 99.999%

[Lambie Slayer]

https://www.ccn.com/news/trump-doj-sues-bitcoin-exchange/2019/07/27/

This may be causing the dump. It tells me Mnuchin is really pushing the White House to go after Bitcoin and cause negative headlines. We just had the IRS letters, now this. Its a concerted negative PR campaign from Trump appointees. I dont think Trump really gives a fuck or understands Bitcoin, just think Mnuchin and his banker friends are terrified and trying to shit all over us.

At some point Trump should realize most all the people that hate him hate Bitcoin and most of his supporters are neutral or for it, then I think he will tell Mnuchin to back the fuck off.

My guess is Peter Theil will pull a long owed favor soon and ask Trump to call of the dogs.

blah blah

Roach, you just sound like a bitter jackass with nothing to do in life. When are you going to own up to that and make some improvements in life. Id like a list of steps you are planning on taking to be a better person. You can PM me if you want some advice.

[realr0ach]

So Nutildah is a libtard, drug addict from California that works for left-wing media.  Who would have guessed?  But even though he's into all kinds of Marxist shit, he's prepared to throw away those ideals in an attempt to profit off shitcoin pump and dump scams for personal gain.

[Cryptotourist]

Here is one for your bucket list:

https://en.wikipedia.org/wiki/Mandragora_(genus)

I was offered once & out of fear declined. DMT sounds interesting. Definitely on my list.

#

So Nutildah is a libtard, drug addict from California that works for left-wing media.  Who would have guessed?

Hey, we all have our addictions, I mean look at you & your golden banana.

[realr0ach]

I don't think Nutildah (like all shitlibs) realizes he lives in a bubble of dysfunctional weirdos and around 40+ other states are absolutely nothing like him...and every Asian country on the planet...the entire country of Australia...Russia...Eastern Europe...etc

[toknormal]

Halfway through 2021 before we even see 10k again according to this analysis. Just looking at the cycles.

Ready to make a bet on it ?

I bet NO at 99%.

Second that. 99.999%

You haven't even had time to watch it. Look at the cycle again. That last pump sticks out like a sore thumb. Markets simply don't do that naturally.

See what happens with Bitfinex/Tether on Monday. That may put this whole pump in a very different context.

[Lambie Slayer]

@nutildah, I don’t like drugs that make me feel like I’m not in control of my mind & body. I’ve really slowed down (almost stopped) using drugs in recent times. My drug of choice is cocaine though. I’ve never really caree much for weed, it just makes me hungry & very lazy.

Any way, my weirdest drug experience was magic mushrooms which I only did once due to how fucking weird it was. I saw blue tweetie pies in the sky, I laughed at some ginger guy which I don’t even remember doing & he started a fight on me. I thought my friend was going to get run over by a bus even though it was really far away. Overall an all round horrible experience.

These are the kind of discussions I really enjoy about the WO thread...

I used to do coke on occasion but I hated always having a runny, burning nose, and the comedown / next day just felt awful. One of the weirdest ways to use it is waking up in the morning and having your own little satchel of leftovers, and then getting started again in the morning. I was never the kind of guy who thought, "shit, we're out, should we call up so-and-so and try to get another 8-ball?"... when it came to coke, anyway Once I was out, I was just out...

When I get back to the states I'm definitely going to spark up some weed again. Its one drug that just makes everything better. Food, movies, video games, walking around / hiking, sex, everything. I can even work better on it.

I've done shrooms to the point where I thought I was dying, and then dead, but I can't say I ever laughed at a ginger guy on them.

If there is something more powerful than DMT  I might just have to pass on it tbh. Not sure I could handle more.

Don't worry, I don't think that there is. I've done Special K before, that was quite tasty -- same deal, you are instantly transported elsewhere, for about 5 minutes. But from what I gather its much more tame and relaxing.

I love drug stories/experience time on WO  

@Roach, you probably think you dont experiment with drugs, but I promise you that the high doses of bitterness, hatred, jealousy, and other toxic emotions you inject into your psyche each day are more powerful than most of the stuff we have tried. I wouldnt smoke a gram of it for 1000 Bitcoins.

[realr0ach]

You haven't even had time to watch it. Look at the cycle again. That last pump sticks out like a sore thumb. Markets simply don't do that naturally.

See what happens with Bitfinex/Tether on Monday. That may put this whole pump in a very different context.

I know it's going to implode simply due to how obvious it was a single entity rigged it from $4k to where it is now.  The real question is how do this 'entity' never have the law come down on them like a ton of bricks in either China or the US for running these blatantly obvious pump and dump manipulation scams.  The only way that happens in the US is if it's Goldman Sachs or the ESF itself.  If the ESF is doing it to try and cause volatility on purpose, it's probably a stupid idea because it just attracts more pump and dump scammer punters.  Nobody comes to Bitcoin for any reason other than the pump and dump scams.

[gallianooo]

Halfway through 2021 before we even see 10k again according to this analysis. Just looking at the cycles.

Ready to make a bet on it ?

I bet NO at 99%.

Second that. 99.999%

You haven't even had time to watch it. Look at the cycle again. That last pump sticks out like a sore thumb. Markets simply don't do that naturally.



See what happens with Bitfinex/Tether on Monday. That may put this whole pump in a very different context.

So Bet or not ? If there is an escrow here for the bet.

1 BTC ?

[Cryptotourist]

You haven't even had time to watch it. Look at the cycle again. That last pump sticks out like a sore thumb. Markets simply don't do that naturally.

See what happens with Bitfinex/Tether on Monday. That may put this whole pump in a very different context.

You are right, I didn't watch it. I stopped reading at $2500 in early August 2019.
That's in less than two weeks. No need to watch it really, but I will - now you insisted.
BTC market wouldn't crash like that (at this phase), even if Trump obliterated Iran by Monday. Let alone Scamfinex & Tether.
There is absolutely no way it's going there. Ever again. Sorry.

#

Nobody comes to Bitcoin for any reason other than the pump and dump scams.

Speak for yourself r0achie.

~ Unfortunately, every market in the world falls into one of those two categories now.

~ every market ~