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

[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....

[Icygreen]

I really hope you guys are right about big uppity moves.
Feeling a bit hesitant today after an encounter with proudhon out in the wild. Hmmm....

[realr0ach]

A guy like RealRoach would be a respected mayor candidate of the town i'm living in.

I'm already planning on invoking the articles of confederation and restarting the confederacy.  The Jewish occupied federal government has zero legitimacy and anything they say can be completely ignored as a paper tiger, hostile, occupying foreign power.  As well as any entity performing ANY type of interaction with groups such as the CFR constituting collusion with a foreign power to commit treason and sedition by default.  Attempting to illegally violate the constitution and delegate any power to the UN such as the small arms treaty?  Another hanging crime.

[jojo69]

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?

price is irrelevant

[gembitz]

price of tether is too high!!    timberrrr

[Biodom]

Every time our parents had a kid, they were born into this shitstorm and try to survive it.

I dunno, life was pretty good at least until 2001 (that's quite a bit for me, maybe very little for you, youngins).
After that, lots of stuff that was not so good.
Sometimes, I think that an outlook depends more on your personal circumstances rather than being country-specific.

[jojo69]

I dunno, life was pretty good at least until 2001

Compared to what?

I feel that we have become inured to steadily decreasing aesthetic expectations.  The young do not value the things already lost as they never experienced them.  Soon, a cell kept above 10C and a daily ration of soylent green may seem like paradise.

[HairyMaclairy]

I dunno, life was pretty good at least until 2001

Compared to what?

I feel that we have become inured to steadily decreasing aesthetic expectations.  The young do not value the things already lost as they never experienced them.  Soon, a cell kept above 10C and a daily ration of soylent green may seem like paradise.

With all due respect, that’s not quite right

Look at the youth of Hong Kong fighting for their freedom against impossible odds

[El duderino_]

$BTC still following 2016

via Imgflip Meme Generator

https://twitter.com/rj_killmex/status/1167766412724703232?s=21

Optimistic idea for #Bitcoin bull #market case. Fractal from 2015 - 2017 bull market repeating in 2019 - 2021?

#BTCUSD $BTC #BTC

via Imgflip Meme Generator


https://twitter.com/maxxx_golden/status/1167758063752929280?s=21

[El duderino_]

Of to NON drunk Saturday early HODLsleep..... wondering whats wrong with me

Goodnight WO’s..... Sunday 5-digit ?? Lets see

[HairyMaclairy]

Foundations firming nicely for a bounce.  Max height of bounce 11.3kish

[realr0ach]

price of tether is too high!!    timberrrr

Gembitz the cenobite of this digital shitcoin hell has spoken.