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

[Negotiation]

Finally posted Donald J. Trump
@realDonaldTrump

Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!

Source: https://twitter.com/realDonaldTrump/status/1173368423381962752

[realr0ach]

https://dailystormer.name/renowned-jewish-mit-scientist-richard-stallman-defends-epstein-triggers-anti-semitism-in-female-mongrel-student/

[Hueristic]

"entered into porn industry accidentally"

yeah, like the way I "accidentally" went through that whole 8 ball and 5th

crazy how these things happen

Yeah. I remember those accidents .

Finally posted Donald J. Trump
@realDonaldTrump

Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!

Source: https://twitter.com/realDonaldTrump/status/1173368423381962752

[lightfoot]

Finally posted Donald J. Trump
@realDonaldTrump

Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!

Source: https://twitter.com/realDonaldTrump/status/1173368423381962752

What a loser. If I recall correctly those nice Saudi people sent over 19 of their best men to help with urban renewal in NYC on 9/11/2001. What amazing friends they are, of course we should help them....

Oi. Hasn't moved Bitcoin worth a damn though, interesting.

[realr0ach]

https://www.trustnodes.com/2019/09/15/theres-a-debate-goin-on-regarding-bitcoin-perpetual-inflation-says-lightning-network-proponent

Bitcoin is doomed no matter what choice it makes between inflation or no inflation.  If Bitcoin doesn't go inflationary, as the static block reward plummets, everyone will just jump ship to another digital shitcoin that still has a block reward running in order to subsidize their transaction fees for lower cost transactions.  Or they would all jump ship to a proof of stake coin with less overhead even though proof of stake is even less decentralized (not that it's even possible to create a decentralized digital currency in the first place).

If Bitcoin does go inflationary to subsidize transaction fees to try and prevent people from jumping ship, then some other digital shitcoins will just do the opposite and keep a finite coin count to try and lure people in, then people flee Bitcoin anyway seeking a more Austrian experience.  Adding inflation to Bitcoin would also make it a joke since that was the main draw of the Ponzi that "coin count can't go over 21 million".  As you can see, since both options are a no win situation, Bitcoin would likely be forced to fork to proof of stake to minimize damage from the other two options even though PoS is an even more centralized joke.

The entire framework of this problem all falls back onto the fact digital shitcoins have no valid Schelling point due to being imaginary, artificial constructs that require no overhead to create a new one.  There's no such thing as a "finite 21 million limit" because human choice is allowed and the amount of chains that can be created is infinite, unlike in physical metals where choice is not allowed since nobody can create a new fork of physical silver or gold in their basement.  The number of inert, scarce, non-perishable, physical commodities suitable as money are also very low, mostly falling in the noble metals group.

[Syke]

Finally posted Donald J. Trump
@realDonaldTrump

Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!

There's always a tweet.

https://twitter.com/realdonaldtrump/status/506198852933013504

Saudi Arabia should fight their own wars, which they won't, or pay us an absolute fortune to protect them and their great wealth-$ trillion!

[realr0ach]

Don't worry.  Lambie Slayer is on the scene to tell everyone that the US is not a Jewish occupied country and everything is perfectly fine.

[JayJuanGee]

The Bears are in for a surprise, we won't be going below $9000. We never went this long without finding a swing low in the last bull market, the low was July 17, almost 2 months ago.

I remember a flat period in early 2016 that came after a correction from $504 to about $300, and lasted from November 2015 to May 2016, which would have been more than 6 months.

But my point is that it it only took a week for Bitcoin to go from $504 to $300. The longest period from the high to the low was 46 days, it never took more than 46 days for Bitcoin to reach its swing low.....if Bitcoin were to go lower than $9000 at this point it would be over 87 days. I believe we hit bottom on July 17, which is a few weeks after we hit $13,800.

O.k.  I did misunderstand, a little bit, about the specifics of what you said, but I still believe that never say never is a much better bet.

I personally doubt that we are out of this bullmarket, even if BTC prices were to dip below $7k, and surely I would not want such to happen, and also this swing dip does seem to be taking a whole hell of a lot of time, but there are frequently a lot of firsts in bitcoin, and I really would not be very surprised if BTC prices were to drop below $9k, even though you are making it sound like it is is like less than a 10% chance, when in fact the odds to drop below $9k are likely at least greater than 1/3 (which would be 33%), and perhaps even in the 40% territory.

In other words, to me your bullish case seems to be hanging on a string  and it is not as strong of a case as you seem to be making it out to be.  I just don't like expectations to be higher than they deserve to be, but hey, if it makes you happy to believe that our local bottom is in and the odds for BTC prices going below $9k are quite low, then believe what you will... I just hope that no one get's r3ckt from such high expectation levels.

[JayJuanGee]

Another member of the 2000+ merit gang

  

Congratulations JJG on attaining 2000 merits

edit: Wow!  He's also DT1
edit2: I'm not a stalker 

Thank you.

Funny how all these things work out. 

I would have never speculated regarding my activity level, either.  I am surprised that in the past 5 and a half years, I have spent more than 246 days online, and I have posted 17,474 times too (as I type).. this post will be 17,475...

Many of  my posts have NOT been one-liners, either - nor cat pictures (even though I have a few cat pictures in there, too).... 

hahahhahaha.

Thx, for your time.

With regard to cats, I prefer the freedom and independence of the cat than the submission of the dog.

Cat=decentralized/BTC
Dog=centralized/...

For some reason when I was a kid, I recall having a kind of preference for cats, even though I had both cats and dogs and I am not sure why.  In recent years, I have grown to really like dogs, and how trainable (and loyal) they are. 

Of course, sometimes if you are going to be away for a while, a cat can be much better for it's maintenance-free levels... but yeah, I think that I have converted in my old age towards appreciating dogs a bit more than I had.

Cats do have more of a reputation on the interwebs for having their videos and pictures posted herein, that is largely the reason that I wanted to fit into the stereotype regarding my postings in this thread.

[mindrust]

200 D MA is the real support line. As long as we don't dip down 200DMA and stay there for more than 1 day, We are good.

As we go up we will eventually touch the 200DMA line and the probability of dipping the line will increase. 200DMA is exactly at $8k right now. The chances for $7k is almost completely gone now.

Not much time left in this consolation zone. 10-15 days at most. Critical times are ahead.

[jojo69]

I'm feeling pretty consolidated here.

We can move on any time.

[Phil_S]

6400 * 1.618 = 10355

[Lambie Slayer]

https://www.zerohedge.com/technology/youtubers-who-planned-invasion-area-51-arrested-trespassing-10-miles-base

These people should be invading the Fed to see them audits.

[mindrust]

I'll throw another $1k today.

If this doesn't go down, this might be my last big DCA piece. Can't say for sure though. I may get caught in FOMO as well. Will probably keep it at $100/week if it goes upwards.

Your move satoshi.

[LUCKMCFLY]

This Tweet in a nutshell describes a lot!



I think the market gives many signs for itself, there is little time for September 23 for BAKKT, we have football teams with the Bitcoin logo, artists, athletes, countries, who want to be protagonists in the market, $ 10K is a Low price for the Bitcoin Real Value, many are waking up ...

[mindrust]

Shit. I wanted to send 1 merit. Anyway. Mistakes happen. 

[Lambie Slayer]

The next 24 hours is hypercritical.   Our fates are intertwined with whether we end up 5 dollars over or under 10300.

If 10305 is surpassed we could hit 10310 in a matter of days, jarring the the global fiat financial system in such ways as could pit all the governments of the world instantly against us as bitter enemies.

If 10295 is breached prepare for a plunge over the next week to 10290 as bears attempt to finish off Bitcoin once and for all.

Our best course of action is to slowly and steadily climb to 10305 over the next 4 months so as not to rock the global financial boat too much and attract too many get rich quick and ponzi schemer types.

[machasm]

via Imgflip Meme Generator

It has been shared a few times today, though I keep thinking of BTC logo on premier league fields!!!

Just amazing.....

His WO sign needs a bit of work though.

[nikauforest]

Since we are all feeling consolidated and a bit bored ....

Here is an interesting set of graphs posted on WTF Happened In 1971? (after we went off the Gold standard)

https://wtfhappenedin1971.com/

[Wilhelm]

Since we are all feeling consolidated and a bit bored ....

Here is an interesting set of graphs posted on WTF Happened In 1971? (after we went off the Gold standard)

https://wtfhappenedin1971.com/

This happened.... and I know this even though I am not a US citizen...

The gold standard ended on August 15, 1971. That's when Nixon changed the dollar/gold relationship to $38 per ounce. He no longer allowed the Fed to redeem dollars with gold.