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

[JayJuanGee]

As long as more and more people realize #bitcoin's decentralized nature and censorship resistant/digital gold properties that make it immune from the errors of central authorities the safe haven narrative will continue to catch on.

https://twitter.com/theonevortex/status/1162895619662368768

Good morning WO,s > +/- 10,170

The truth is that I care very little about the trajectory of gold, but I am surprised how graphics follow the same trend, in different timelines.

While I tend to agree with the text of the tweet, the chart itself is a little misleading. Anybody can compare 2 assets that have both increased in value in the same manner by adjusting the scale and the values on the axis, and show them both starting and ending on the same points. While a rise of 17% for gold may be considered "sharp," bitcoin's rise of 170% is a lot sharper.

Well, yes, it likely takes a whole hell-of-a lot less capital to cause BTC to rise 170% as compared with getting gold to rise 17%, too.

[1610721998]

1610721998

[JSRAW]

Sanctions or no sanctions. BTC is going to help people, when matter most.

IranRescueBit Launches Bitcoin Fundraiser to Aid Flood Victims

A grassroots crowdfunding campaign, dubbed IranRescueBit, is raising bitcoin to bring aid to Iranians impacted by a series of devastating floods, an attempt to bring relief to the country as U.S. sanctions have hindered international aid efforts.

Beginning in March and extending into April of 2019, Iran suffered multiple bouts of catastrophic flooding. Three waves of heavy rains inundated 28 provinces in the Middle Eastern country — roughly two-thirds of the country’s landmass.

Two weeks of unrelenting flash flooding damaged 269 cities and 5,148 villages, displacing nearly 300,000 Iranians, killing 78 and injuring 1,000 more. Alongside the precious cost of human life, the floods inflicted some $2.5 billion in damages.

+1 WOsMerit
----

Welcome back Toxic

[JayJuanGee]

In WO there are more bulls than bears, more strong hands than weak ones, but each one sees the market with their perspective, there is no problem, nobody should buy or sell for the comments that are published.

I don't think Lambie or mindrust are bears, they only express their market sensation.

Well I mean if more than one person here is questioning their bullishness and they have to explain to everyone they're bullish not bearish it should mean something right? Cryptotourist guy belongs to the same gang btw

Yeah...,

hahahahahaha

I would like to talk a bunch of negative bullshit about bitcoin and to assign decently high prob abilities to downward correction while explaining that I am an ultimate long term bull...

Get the fuck real.

For example, it seems that if I had some meaningful inclinations that the BTC price was going to go down before it goes up, I could describe my feelings, and it seems that I already have. 

Several weeks ago, I said that I would not be surprised if BTC corrected below $7k, especially after we had peaked at $13,880 in such a short period of time.  I cannot recall anyone with any serious credibility around here questioning my BTC bullishness, and I also felt NO need to assert my long term bullish qualifications.

So, you seem to have a real good point, here, serveria, that if members are actually long term bullish, they should NOT have to jump through a bunch of hoops to explain that... also, I don't really have any problem with some posters who might become overly certain about bear scenarios, but when they start making implications that are in the 80% plus arena or even spouting out their nonsense during periods in which the BTC price is going down sharply, then there is a certain loss of rationality to that, and comes off as either talking your book or becoming too god-damned emotional about the BTC price dynamics situation.

[jojo69]

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

[makrospex]

"Real Satoshis" Site is online. I read the first post, which is mainly about hal finney and bcci.
Origin of Nickname and "Bitcoin" seems plausible.

Let's wait another 24 hours, i wanna see more before i can judge in any way.

[HairyMaclairy]

"Real Satoshis" Site is online. I read the first post, which is mainly about hal finney and bcci.
Origin of Nickname and "Bitcoin" seems plausible.

Let's wait another 24 hours, i wanna see more before i can judge in any way.

No need to wait.  

https://twitter.com/fluffypony/status/1163185816237150208?s=21

This shit is hilarious





Shitcoiners gonna shitcoin

[xhomerx10]

Still Sunday somewhere
but I aint got not merit
bragging rights only

[HairyMaclairy]

Well lit.  Sidewalk in shitty condition. 

[xhomerx10]

Well lit.  Sidewalk in shitty condition.  

 I beg to differ but I haven't had any alcohol today

PS. I used the flash on my phone so my little sign would show better.

[jbreher]

expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.

The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.

I wouldn’t be so sure about that.

HM, I am at a loss of the meaning. Money from thin air?
My opinion is: garbage in-garbage out, but maybe with some delay.
Personally, I believe in reality that does not involve "helicopter" money.

The US$ role as global reserve currency afford the US government certain liberties, such as creating wealth from thin air. 

Facepalm. Wealth cannot be created from thin air. Accounting shenanigans can transfer wealth from one party to another, but does not create new tangible stuff.

[Toxic2040]

Welcome back Toxic

Thanks buddy...you keeping these hooligans in line?


------

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Ack!   ...you are still loved..lol.


-------

Still Sunday somewhere
but I aint got not merit
bragging rights only

And shout out to our Master Artificer.  Ello m8.

-----

My brain forgot what a dopamine faucet this thread is...glad to be home. Let me see if I can scramble up a Sunday Wall report...

[sirazimuth]

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Meaning a WO hat sporting brother has actually been holding  scammy BCH on the evil exchange Coinbase??!!
Why...this is treason!!! 
<fist shakes in the air>

[xhomerx10]

Welcome back Toxic

Thanks buddy...you keeping these hooligans in line?


------

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Ack!   ...you are still loved..lol.


-------

Still Sunday somewhere
but I aint got not merit
bragging rights only

And shout out to our Master Artificer.  Ello m8.

-----

My brain forgot what a dopamine faucet this thread is...glad to be home. Let me see if I can scramble up a Sunday Wall report...

 Good to see you back Toxic!

[JayJuanGee]

If any consolation I am not really bullish for another 1.5 months. We need to wait for October.

"Wake me up when September ends"
- B J Armstrong

I looked up the ambiguity, and some peeps just seem inclined towards ambiguities... Anyhow:

B.J. Armstrong = Billie Joe Armstrong

[makrospex]

"Real Satoshis" Site is online. I read the first post, which is mainly about hal finney and bcci.
Origin of Nickname and "Bitcoin" seems plausible.

Let's wait another 24 hours, i wanna see more before i can judge in any way.

No need to wait.  

https://twitter.com/fluffypony/status/1163185816237150208?s=21

This shit is hilarious

Shitcoiners gonna shitcoin

Thanks. Merited.
There's only one way to prove to be the real SN. We all know, and if it does not happen, every new "Real Satoshi" is nothing more than a joke.

[heslo]

"Real Satoshis" Site is online. I read the first post, which is mainly about hal finney and bcci.
Origin of Nickname and "Bitcoin" seems plausible.

Let's wait another 24 hours, i wanna see more before i can judge in any way.

No need to wait.  

https://twitter.com/fluffypony/status/1163185816237150208?s=21

This shit is hilarious

Shitcoiners gonna shitcoin

Thanks. Merited.
There's only one way to prove to be the real SN. We all know, and if it does not happen, every new "Real Satoshi" is nothing more than a joke.

Bingo!

If you can't sign shit, you ain't shit

[jojo69]

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Meaning a WO hat sporting brother has actually been holding  scammy BCH on the evil exchange Coinbase??!!
Why...this is treason!!! 
<fist shakes in the air>

Guilty...mainly of laziness, and paranoia


too lazy to sell, too paranoid to KYC on new exchanges

[JayJuanGee]

Regarding Armageddon, I am still suggesting that guys gotta be fucking super careful regarding how much credence that they are giving to Armageddon scenarios that are likely in the less than 1%  likelihood and h9ow much of their value are they investing into such a low likely scenario.

Do the fuck what you like, ultimately, but it is also good to attempt to grapple with the probabilities and don't be fucking investing way the fuck higher than the probabilities that you even assign to such events.  Yeah, if you happen to be an Armageddon nutjob then you are going to assign higher values to that so there is ONLY so much that normal people can  talk the dumb out of dumb, so do the fuck what you like if you are assigning higher probabilities to such situations.

To be honest what matters in an Armageddon scenario in my opinion is being fit and knowing to do basic survival stuff. Owning gold but being a fat useless guy, you're just going to get robbed/killed !

Huh?  You seem to be projecting an unlikely scenario into something that is even less likely.

Seems that the Elderly are going to be wiped out, according to you?  Only elderly men, or both elderly men and elderly women?

[makrospex]

Hopefully all this reveal stuff makes for a huge pump in SV

(disclaimer, I just recently discovered my trove of shit vision on Coinbase)

Meaning a WO hat sporting brother has actually been holding  scammy BCH on the evil exchange Coinbase??!!
Why...this is treason!!! 
<fist shakes in the air>

Guilty...mainly of laziness, and paranoia


too lazy to sell, too paranoid to KYC on new exchanges

Better too lazy than too early. Sold mine a couple of days after the fork. I should have waited some more months.

[HairyMaclairy]

expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.

The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.

I wouldn’t be so sure about that.

HM, I am at a loss of the meaning. Money from thin air?
My opinion is: garbage in-garbage out, but maybe with some delay.
Personally, I believe in reality that does not involve "helicopter" money.

The US$ role as global reserve currency afford the US government certain liberties, such as creating wealth from thin air.  

Facepalm. Wealth cannot be created from thin air. Accounting shenanigans can transfer wealth from one party to another, but does not create new tangible stuff.

You seem a bit confused sir.  

Money can be printed without inflationary consequences.*

That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.

The total global pool of assets has just increased.

Wealth, from nowhere.  





*If you happen to be the global reserve currency.