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

[JayJuanGee]

Btc having its jojo effect.... 

 

I am lost.

What's a jojo effect?

Last I recall was that jo-squared was trying to make some kind of assertion that king daddy bitcoin gave some kind of ratt's ass concern about the price movement of litecoin.....

Does jo-squared have another (hopefully better) theory?

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[JayJuanGee]

I am a BTC believer. I am a HODLer.

(snip doubt)

Another doubting Tomas wannabe seems to be puffing up its feathers within our midst.  

 (Hi d_eddie!!!! I see you.)

Do we need to deliver such growing doubter with a decently good-sized dose of WO bashing for his wanna-be inclined bear-talking like we had done with mindrust, biodom and lambie a few weeks ago?    

In other words, the beatings should continue until moral improves!!!!!!!!!  You fuck! (referring to d_eddie and any other wannabe BTC doubter)   

I should have posted that tomorrow. 

Why tomorrow?  You mean after the BTC price goes up or goes down?  Or flat?

She's having some trouble going below $10k, currently, no?

Maybe by tomorrow, we will be testing $9,200?  What u think, willis?

[realr0ach]

"The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet....."

https://twitter.com/realDonaldTrump/status/1171735691769929728

This is what pisses me off about how I tell family members economic armageddon is coming and they look at me like I'm crazy and that fiat economies imploding is a JFK conspiracy theory.  Interest rates are at 5000 year lows yet they want to lower them further and this is during a supposed 'bull market', 'good' economy when interest rates should be going up instead.  Instead of just being hearsay, the fact Trump actually tweeted this to the entire world telling anyone with a pulse the system is about to blow up should have doubled the price of gold and silver overnight.

Trump is talking about "refinancing" the debt on Twitter LOL.  The fucking bond markets should have completely blown up three seconds after he tweeted this, but they didn't.  How is it possible the actual president of the United States can tweet something like this and have ZERO effect on physical metals prices OR bond prices?  It's completely impossible unless you're already living under communism with the ESF just typing in random numbers for what they want asset prices to be...which will inevitably end with a very big bang and real mark to market of $10,000+ gold and $500+ silver.

You can further extrapolate that if the ESF is rigging all of these gargantuan systems that are far more important and larger than Bitcoin, that the price of Bitcoin is also rigged by them.  It further makes you ask why do they keep trying to prop up the price of Bitcoin in an artificially high bubble?  Because they want to try and distract people away from physical metals which are real money and attempt to trick them into a digital only, cashless society, Chinese social credit score slavery system where everyone is tracked and monitored in real-time like cattle slaves.

[JayJuanGee]

<snip>

Totaling at something like $7M to $20M a year ....

So it's not as bad as you think....  

You say that maintenance is not expensive  , I prefer not to think about the amount of BTC you have.

My stack is significant... but won't let me buy a ship like that .... yet

Anyone buying a ship like that is going to be attempting to generate some income from it too, right?  I mean if you want the ship to be sustainable?  Can you really imagine that you are going on trips and the ship only has staff or maybe just a 100 guests or so?  It would feel nearly empty with those kinds of numbers of passengers, so I am having some difficulties understanding a personal use case... gotta be a kind of business boat, no?

Another scenario would be that the purchaser has ONLY a short time to live or something like that, but just making sure that the management of the boat staff is not engaging in shenanigans would take a decent amount of time to make sure that you have a good manager, if you don't want to manage it yourself - which would be kind of time-consuming, I would think.  

So, at minimum, I think that anyone, even remotely interested in getting a boat like that better have at least 5x the yearly maintenance capital (left over after making the purchase of the yacht and the helicopter... hahahaha)....

So, if we are saying minimum of $250million in BTC value, then at today's prices that would be about 25,000 bitcoins, and if the BTC price goes to $100k, then that would be 2,500 bitcoin, and if the BTC price goes to $1million, then that would be a mere 250 BTC.  Do we have to both  make sure that we have 250BTC and wait for the BTC price goes to $1million?  By the way, with my recommendations about selling a bit of BTC all the way up the ladder, then I am thinking that in order to have around 250 BTC when (or if) BTC prices reach $1million, then today, the HODLer would need to have about 330 BTC to account for the on-the-way shavenings.  


TLDR (for Hueristic and udder peeps like dat):  In other words, in order to have BIG ASS dreams, you better be preparing ur lil selfie, and have enough of a BTC stash in order to accomplish such BIG ASS dreams without putting your finances and/or psychology in any kind of unnecessary state of stress.  You heard it here, first.      

If you buy a ship like this you can occasionally rent it out. They go for $425,000 a week so rent it out 10-20 weeks a year and your running costs are zero.

I think you would need to be a billionaire to do something like this.
So if you hold 1 BTC you need to wait 10 years  

If anyone gets a ship like that don't forget to host a WO party 🤪😇

How much they gonna charge us?  Would it be a week-long party, or some other duration?  I suspect a lot of peeps, here, would be nervous about going on such a boat party - even though boating accidents sound good in theory, it's the kind of thing that most prudent WO members would prefer to avoid.

[lightfoot]

hmmmmmm  /looks over at freeloading, idle GPU/

Time for the Titans to return!!!

[realr0ach]

Since Trollgoossens is a retard pump and dump scammer, let me explain what's actually occurring in this chart:

[DaRude]

Wait so Bitcoin = bad because Segwit is "indeed an alteration of the Bitcoin protocol"

BTC is suboptimal not merely because SegWit is an alteration, but because the SegWit Omnibus Changeset is a net negative alteration.

but bcash Bsv = good because their shitty changes are "legitimate claim to a protocol change"

One of the things that makes BSV good is that it is being incrementally returned to the original Bitcoin protocol.

Do try to keep up.

Thus coming back to my comment about original design of planes not having jet engines and cars not having air bags etc... Can you provide any other technology which was not improved and is stuck at its original design? BSv's whole premise relies on cult thinking rather than logic. The design of first car, computer, TV etc etc etc have little to do with their current revisions and no one cares about ENIAC and steam powered cars.

Which, of course, brings me right back to the observation that the SegWit Omnibus Changeset is a net negative alteration. Degradation is not improvement.

Who cares about your qualitative assessment of segwit (and your attempt to change its name)?  Your opinion on such point does not matter.

What matters is that segregated witness was passed by overwhelming consensus in August 2017 and locked in and implemented all in that same month.  Ever since then, segwit has been built upon more and more and more.  Segwit systems have been embedded into the current workings of bitcoin as we know it.

Segwit is also an optional component, as you know.  You can participate in such new segwit systems that are offered within bitcoin or you can stay with systems that do not utilize segwit.  Many people are not going to know the difference between what part of the system they are using, and it is not going to matter to them, except that they will likely realize that fees and transaction times are lower through such useage of segwit.. which seems like a net positive, to me.  

Of course, you know that you can refuse to use bitcoin because of bitcoin's evolution in terms of better systems, such as segwit, and there are those dumbass bitcoin wannabe shitcoins that don't use segwit (yet), too, as you know.  They are not really doing too well, either, in terms of adoption, are they?  You dumbass  (I call you a dumbass in a kind of redundant way because you remain in support of such bitcoin wannabes, and even erroneously believe them to be bitcoin.. which fairly clearly shows that you to have fucked up conceptions regarding even what is bitcoin.. that is if even you believe that crap).  

I doubt your whining, the whining of BIG blockers or the whining of bitcoin naysayers is going to cause consensus on that segwit included in bitcoin topic to be undone.  Your lobbying does not seem to have much of any effect regarding perception about the benefits of segwit on bitcoin, but it does continue to cause you to appear as an ongoing lame-ass whiner...   a whiner about an issue that has about a snowball's chance in hell of changing in your stated preferred direction.

Also your ongoing whining on this segwit in bitcoin topic seems to be just another example to show that you like to focus on irrelevant issues and to attempt to describe such supposedly important issues in a way that exaggerates their actual affect on bitcoin - in other words, an example of your ongoing disingenuineness in regards to relevant and material facts in regards to bitcoin.

So jbreher vacated his argument about sticking to "original" and now he's back to Segwit = bad, which JJG covered in length above. All i'll say on that topic is it's been over 2hrs and it's not going anywhere, now get over it and get on with your life. Or continue trolling from a sideline, the choice is yours, we've made ours.

[Hueristic]

finally a climate-neutral possibility to mine bitcoin

That's ridiculous.
Cat-bread's have almost no torque.

Might find a block on a shitcoin though.

TLDR (for Hueristic and udder peeps like dat):  In other words, in order to have BIG ASS dreams, you better be preparing ur lil selfie, and have enough of a BTC stash in order to accomplish such BIG ASS dreams without putting your finances and/or psychology in any kind of unnecessary state of stress.  You heard it here, first.     

Hey. I read dis!

[realr0ach]

#1 reason I have gotten out of US equities and holdings:

a) I don't believe in profiting from fraud.
b) The belief one can profit from fraud is the #1 hook confidence men use to take your money.

Thank you for explaining why I promote physical metals instead of digital shitcoins.  All man-made monetary units (aka currencies) are artificial, Keynesian scams whose 'value' is brief and transitory.  The value of every currency that's ever existed starts at a value of zero and always returns there - every single one.  In other words, it's a game of hot potato or musical chairs where the act of using them at all can be considered nothing more than knowingly signing up to defraud other humans on purpose.

Why knowingly become a party to fraud by using currencies such as the US dollar, Bitcoin, or Chuck E Cheese tokens when you don't have to and can use actual physical commodity money instead like silver, gold, and copper that doesn't have this issue?  Currencies are valueless; always have been, always will be.  Their 'value' is not derived from usefulness, only how many people you can attempt to scam into taking it before it's value inevitably implodes like every other currency.  It's impossible not to be a party to fraud while using ANYTHING classified as a currency instead of physical commodity money.  

Promoting a world where everyone attempts to commit fraud by using currencies instead of money is the same thing as promoting a world where everyone should be able to freely kill one another.

[Hueristic]

I prefer offtopic talking about precious metals or dirty fiat, but please, take the Bcash talk to another place.

WTF is bcash  

He meant bcrap.

I prefer offtopic talking about precious metals or dirty fiat, but please, take the Bcash talk to another place.

I prefer rocket/train memes and cleavage  

 Mmmm... cleavage

Thats a gash.

I can't seem to find a Realtime MVRV-z calculator, do you have a link?

https://charts.woobull.com/bitcoin-mvrv-ratio/

IOU +sM

[Syke]

If you buy a ship like this you can occasionally rent it out. They go for $425,000 a week so rent it out 10-20 weeks a year and your running costs are zero.

I think you would need to be a billionaire to do something like this.
So if you hold 1 BTC you need to wait 10 years  

If anyone gets a ship like that don't forget to host a WO party 🤪😇

Sounds like a crowdfunding is in order. Rent it out for half the year to cover maintenance, then the owners get to use it for half a year. #BitcoinYacht.

[JSRAW]

LocalBitcoins: Tor Browser Users at Risk of Losing Their Bitcoins

Finnish peer-to-peer crypto exchange LocalBitcoins has warned users about alleged security risks associated with anonymous browser Tor Browser.

On Sept. 9, transactional compliance expert Richard Bensberg tweeted a screenshot of a LocalBitcoins banner warning Tor users about the risk of losing their Bitcoins (BTC), which stated: “Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen.”

LocalBitcoins then responded to Bensberg, saying that while using Tor Browser is not against its terms of service, it does not recommend it for security reasons. LocalBitcoins did not specify why the browser makes users more vulnerable to theft.

Bensberg criticized the move by the exchange, arguing that Localbitcoins has “really lost the plot” by putting a banner warning against the browsing tool praised for providing privacy and anonymity.

[VB1001]

Hong Kong makes $37 billion bid for the London Stock Exchange

London (CNN Business)Hong Kong has just made a surprise £30 billion ($37 billion) takeover bid for the London Stock Exchange.

Hong Kong Exchanges and Clearing (HKXCF) (HKEX) said Wednesday it had made a proposal to the LSE (LNSTY) to combine the two companies in a cash and share deal worth £29.6 billion, or £31.6 billion ($39 billion) including debt.

https://edition.cnn.com/2019/09/11/investing/hong-kong-london-stock-exchange/index.html

 

There is no way China should be allowed to buy the LSE.  Surely this deal will be blocked.  

I hope so, it would be a disaster if this happened.

[VB1001]

https://twitter.com/ChartsBtc/status/1171789653491372032

Good graphic, after halving, to the moon.

BTCullish.

[HairyMaclairy]

Hong Kong makes $37 billion bid for the London Stock Exchange

London (CNN Business)Hong Kong has just made a surprise £30 billion ($37 billion) takeover bid for the London Stock Exchange.

Hong Kong Exchanges and Clearing (HKXCF) (HKEX) said Wednesday it had made a proposal to the LSE (LNSTY) to combine the two companies in a cash and share deal worth £29.6 billion, or £31.6 billion ($39 billion) including debt.

https://edition.cnn.com/2019/09/11/investing/hong-kong-london-stock-exchange/index.html

 

There is no way China should be allowed to buy the LSE.  Surely this deal will be blocked.  

I hope so, it would be a disaster if this happened.

The EU blocked the takeover of the LSE by the German Exchange a couple of years ago.

Let’s hope Boris is paying attention. 

[VB1001]

^
Yes, because they start with restaurants, then bazaars, homes. football clubs and in the end they are the owners of the country...

[soxxx]

We are forming the same pattern that we saw after the first big move in 2015/2016, which broke bullish of course. We are going to end the year with a bang, perhaps test 20k.

[JSRAW]

^
Yes, because they start with restaurants, then bazaars, homes. football clubs and in the end they are the owners of the country...

Sounds like a British East India Coming back in business...

[realr0ach]

A jew and a digital shitcoiner walk into a bar.  The bartender says get the hell outta my bar.

[mersal]

We are forming the same pattern that we saw after the first big move in 2015/2016, which broke bullish of course. We are going to end the year with a bang, perhaps test 20k.

Big bang theory of bitcoin bullish trend is going to begin?

I don't think this time there will be a movement on the prices will be high until the halvening.