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

[SuperTA]

That's because the plan is to make a debth. So you can take away money from the citizens. If they sell gold the plan wouldn't work.

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[Negotiation]

https://twitter.com/Rhythmtrader/status/1167773711845515265
Now they don't know if they have Gold or Tungsten.

LoL Bitcoin reserved position India topper than European Central bank 

[jojo69]

Italy is rich. They just keep complaining how much problems they have, but never even think of selling gold to fix those problems.

It's tough though, when it's all in the form of irreplaceable cultural artifacts.

[ðºÞæ]

https://twitter.com/Rhythmtrader/status/1167773711845515265

Now they don't know if they have Gold or Tungsten.

FTFY
Now they don't know if they have any Gold or Tungsten.

[ðºÞæ]

https://twitter.com/Rhythmtrader/status/1167773711845515265

Now they don't know if they have Gold or Tungsten.

FTFY
Now they don't know if they have any Gold or Tungsten.

[SuperTA]

The Bitcoin Economic Model
https://twitter.com/_Checkmatey_/status/1167795371550085120

Data
https://coinmetrics.io/

[Wilhelm]

https://twitter.com/Rhythmtrader/status/1167773711845515265

Now they don't know if they have Gold or Tungsten.

I think the US has double spent is gold and this figure is incorrect.

[makrospex]

I just read in a german online news article that sweden is about to quit providing/accepting cash. Means to stop the retail.
Almost all businesses accept digital payment via card or app, some companies/facilities even stopped to accept cash.
They will start a 2-year project to test an e-currency, named "E-krona", which may become the future standard in sweden.

Fuck me. if that won't bring up some questions...
The source article is in german language and that's why i don't link to it - yet. If there's some interest in it, please lemme know.


[Edit: appended and corrected some details]

Cashless society is a Chinese wet dream/dystopian future.
RememberBitcoin is digital cash.
Digital cash means there is anonymous non censurabile decentralised cash. Total opposite of cashless society.

True, but the most of the public users won't get the difference. They all know shit, excluding some exceptions like current hodlers/users.

We are here for the meme,
We are here for the haikus,
We are here for price observations,
But we are here also to spread the knowledge.
The more the people understand what’s happening, the better is for bitcoin.

Yes, i see BTC as the digital gold. Maybe all future e-currencies are valued against Bitcoin, why not?
Most people in my environment are dumb, they call BTC a hoax. My brother in law wanted to invest in Bitcoin when it was around $350, and his father talked him out of it, into some kind of fund-based asset (i don't know the english term for this). He called his father an idiot in 2017, of course, but the latter still thinks he was right. This is the second "nearly"-coiner i knew to date. The other one had Bitcoins, but only for Silkroad and the likes. He never held them longer than for some weeks.
When you even talk about Bitcoin here, you are suspect to criminal activity, money laundering or you are seen as a moron who wants to lose all his money. They think it's child play, regardless what the facts are, they always know better. This is normality where i live, i am the megageek. I'm skateboarding at age 40+, i'm living on passive income, so i got that "strange freak that does not go to work" image and most people are intimidated by my presence, excluding very few, close friends and family members.
My mother and my wife are the only persons that know that i got the corn. The average IQ in my neighborhood can't be much more than a weak 90 at max.
A guy like RealRoach would be a respected mayor candidate of the town i'm living in. Time went on, in other parts of my country, not so much where i made myself a home  

[Hueristic]

There is something to be said about seeing a movie in a theater with a large audience. Nothing quite like it imo. Bill Paxton is for sure missed...what a character with so many great supporting roles.

Also..there is no such thing as a 'former' marine.

Semper Fi

I no longer qualify.

"I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God."

Semper Fi

[makrospex]

I just read in a german online news article that sweden is about to quit providing/accepting cash. Means to stop the retail.
Almost all businesses accept digital payment via card or app, some companies/facilities even stopped to accept cash.
They will start a 2-year project to test an e-currency, named "E-krona", which may become the future standard in sweden.

Fuck me. if that won't bring up some questions...
The source article is in german language and that's why i don't link to it - yet. If there's some interest in it, please lemme know.


[Edit: appended and corrected some details]

You shouldn't believe everything you read.
The Riksbank has no plans to stop issuing cash, and just about every store accepts them.
It is how ever true that they are planning an experiment with a E-krona, but that is done in order to take back the issuing of digital money from the banks, and also provide citizens that dislike banks with a state owned alternative.
Citizens will be able to open free bank accounts provided by the Riksbank.
At least that whats being planned.

PS. Riksbank=Swedish central bank.

Thanks for the statement. Seems to me that journalism goes down a rather dark alley, lately.

[jojo69]

I think the US has double spent is gold and this figure is incorrect.

The term is "rehypothicated".

It's better that way, you see.

[rebal15]

https://twitter.com/Rhythmtrader/status/1167773711845515265

Now they don't know if they have Gold or Tungsten.

Rhythmtrader is JJG on twitter.
you change a valued gold used on almost any electronic device; Maybe on ASIC; with a virtual thing that could lose 100% of its valu on few weeks. Are you ok?

[Findingnemo]

Anyone here feels this Sunday is going to bring the price of bitcoin into over 10K again?

I feels yes, anyone got analysis for this weekend?

[Wilhelm]

Anyone here feels this Sunday is going to bring the price of bitcoin into over 10K again?

I feels yes, anyone got analysis for this weekend?

When it goes up it will be a swift run to $15k

[SuperTA]

Personally i avoid trading during the weekends because there is a higher probability for a fakeout.

[El duderino_]

1/3 The #Bitcoin economic model continues to prove extremely robust.

With hashrate continuing to hit ATHs I have looked closer at the miner economic model with back-of-envelope checks.

Can you believe that Bitcoin has settled $7 Trillion in value over its lifetime!

via Imgflip Meme Generator


https://twitter.com/_checkmatey_/status/1167795371550085120?s=21

2/3 The security budget evolves through Bull and Bear cycles.

However for each Bear, the proportion by which fees make up the security subsidy has increased.

The 2018 bear average fee market equated to almost 5.5% of miner income and has almost hit 4.2% YTD in an early Bull.

via Imgflip Meme Generator
https://twitter.com/_checkmatey_/status/1167795377749278720?s=21

3/3 The economic density continues to increase with a security spend of:

- $500 Spend per $1 Transferred
- $70 Spend per $1 Saved (Realised)

Fees make up 3%+ of Daily Miner Revenue...

...Yet users on aggregate paid less than a 0.02% fee on the total Vol Tx.

Incredible Value.

via Imgflip Meme Generator

https://twitter.com/_checkmatey_/status/1167795386586685442?s=21

[SuperTA]

At first i thought you quoted me    it's easy to miss out cuz of many posts in this thread.
But i gave you a merit anyway! Nice charts!

[fillippone]

Now they don't know if they have Gold or Tungsten.

Italy is rich. They just keep complaining how much problems they have, but never even think of selling gold to fix those problems.

That gold is not Italian, as Italian Government. Is Italian as per Bank of Italy. An independent public institution held by major Italian Banks.
So yes, quite difficult for the Italian government to be back on possession of that gold. Not that is a big issue on the grand scheme of things : Only 100 billions (tops) versus the 2,400 billions of the Italian debt: peanuts. And of course when you are in posssession of that Gold I cannot see them dumping it on the market ( destroying price) to buy bitcoin. They would spend it. So better to keep things as now are.

Edit: this graph has no sense in my opinion
Italy has 2,450 tons of gold (71458330 Troy oz) this equates to 100 billions @1,500 usd oz (various sources confirm this calculations).
This should be roughly 10,000,000 bitcoins @10,000 btc usd.
Am I missing something?

[mindrust]

Selling gold is indeed not a way to fix problems. I don't see any difference between selling gold and taking loans.

Some investments just you don't and shouldn't liquidate no matter what.

I believe bitcoin will also get there so, no matter how high it goes, I'll always have some to pass down to my family members and I expect them to pass them to their children. Of course this usually gets broken in the first round but if you manage it to last more than 2-3 generations, after that you'll have a family just as tough as Rothschilds. (don't expect to live long enough to see this)

Family is all that matters. Tywin Lannister tried to do the same but he got pwned in the first round by the dwarf son of his. Some shit bad luck for him. This happens to a lot of people. We are like those sardines in the ocean. Sharks, seals, marlins, tunas and then whales, all of them after us even the fucking seagulls. Every time our parents had a kid, they were born into this shitstorm and try to survive it.

Gotta get the 3rd beer from the fridge.

[sirazimuth]

split decision on the bottom....