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

[Torque]

The Fed emergency printed $54 billion this morning to correct the lending market.

The last time this happened was in 2008.

Bitcoin was born out of the last crisis and will prove itself in the coming one.

https://twitter.com/Rhythmtrader/status/1174072434477195270

https://edition.cnn.com/2019/09/17/business/overnight-lending-rate-spike-ny-fed/index.html

 

Yup. Liquidity in the lending market gone. The cracks in the Ponzi are showing...

https://www.zerohedge.com/health/fed-begins-repo-operation-funding-rates-ominously-elevated-across-board

[Ibian]

Good fucking question. I'm pretty much limited to a handful of non-shit asian countries, eastern europe and south america. Hence my little tour of the world. Seeking a place worth living in.

Eastern Europe that's too poor to be in the EU? Ukraine... Belarus... I'm afraid those places are not too different from Russia.

For one thing, my money go further in poor countries. Thailand is literally a fifth of western prices for hotels, food, most stuff in general. It's cheaper to live in a hotel over there than in my local apartment, so why wouldn't I given that I don't need a job?

Secondly, the problem is not how rich or poor a country is but if it has a welfare state or otherwise socialistic tendencies. In Romania both nazism and communism is illegal by law. Because they have experienced it. All western countries essentially follow the same welfare model, and it is one of the main components in driving a culture towards communism. Capitalism is the only model that works.

As for Russia, it is simply too far north to be worth considering. Even if it wasn't full of Russians.

[Ibian]

...
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

Not really sure what your beef is with EU, Canada, Australia and New Zealand. But nevermind. By far the greatest country to live in not in that list is Norway. Especially if you (plan to) have kids.

They are all welfare countries.

[Ibian]

Book club time. I downloaded both Permanent Record (E. Snowden) and Biodom's recommendation The Great Leveler (Walter Scheidel). Still don't know which to crack open first.

I would also recommend The Richest Man in Babylon (also available on youtube in audio format). Additionally, the pareto principle is highly relevant to the great leveler. Jordan Peterson talks about it, again can be youtubed.

[fillippone]

Usual überbullish tweet by PlanB!

Lot of questions about stock-to-flow going to infinity.

People don't realize that after 2020 halving #bitcoin market value will be $1T+ and after 2024 $10T, while USD monetary base is $3T .. so then people just stop accepting USD, like nobody accepts Zimbabwe $ for bitcoin now.

https://twitter.com/100trillionusd/status/1174372878055280641?s=21

[bkbirge]

Usual überbullish tweet by PlanB!

Lot of questions about stock-to-flow going to infinity.

People don't realize that after 2020 halving #bitcoin market value will be $1T+ and after 2024 $10T, while USD monetary base is $3T .. so then people just stop accepting USD, like nobody accepts Zimbabwe $ for bitcoin now.

https://twitter.com/100trillionusd/status/1174372878055280641?s=21

I think this response in the comments is reasonable...

Yes people, BTC will likely be worth 6 figures, 7 figures.. Even 8 figures....
But don't forget by this point a gallon of milk may be $5000, or $2.5M for a basic mid-size sedan etc etc.
It's not like prices are going to freeze as CBs inflate their currencies into oblivion

[fillippone]

Indeed: if you are measuring yourself with a shorter and shorter meter you ain’t getting taller!
Same concept applies to money: bread isn’t getting more value in Venezuela because price is soaring...

[Ibian]

Usual überbullish tweet by PlanB!

Lot of questions about stock-to-flow going to infinity.

People don't realize that after 2020 halving #bitcoin market value will be $1T+ and after 2024 $10T, while USD monetary base is $3T .. so then people just stop accepting USD, like nobody accepts Zimbabwe $ for bitcoin now.

https://twitter.com/100trillionusd/status/1174372878055280641?s=21

I think this response in the comments is reasonable...

Yes people, BTC will likely be worth 6 figures, 7 figures.. Even 8 figures....
But don't forget by this point a gallon of milk may be $5000, or $2.5M for a basic mid-size sedan etc etc.
It's not like prices are going to freeze as CBs inflate their currencies into oblivion

No you damn twat, we are always talking in current value. Goddamn but you people keep repeating the same stupid tripe.

[fillippone]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

[VB1001]

https://i.imgur.com/khNBCP2.jpg

3 new hats in September:

- SuperTA
- _javi_
- serveria.com

The three as always with a good design of xhomerx10

BTC & StrongHats


This September has been very good for the WO thread, +25,000 pages, +500,000 replies with comments of all kinds, but most of them related to Bitcoin.

Thx infofront in the future this thread and its "members" will be a subject of study.

[LFC_Bitcoin]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

Bitcoin is the solution to the failing worldwide, economic system. Pray for the NOCOINERS!

[Ibian]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

Prove it.

[El duderino_]

Been a whole day in London at the moment..... F*** that traffic and etc everything makes me feel like i’m scammed

[LFC_Bitcoin]

Been a whole day in London at the moment..... F*** that traffic and etc everything makes me feel like i’m scammed

The most annoying thing is the people, too many fucking people 

[Ibian]

Been a whole day in London at the moment..... F*** that traffic and etc everything makes me feel like i’m scammed

The most annoying thing is the people, too many fucking people 

Are you saying that... Stalin did nothing wrong?

[Last of the V8s]

When exactly are you fucking off, Ibian?

[d_eddie]

^^

To me he sounds a bit like a kid sitting at the same table with the grown ups. I've learned to skip. Ignore could be an option, too, but I like skipping if I'm not catching up.

[El duderino_]

via Imgflip Meme Generator

Have a pleasant evening fellow HODLers......

What do you think of the detail? @BOB 

[VB1001]

VeriBlock announces alpha SegWit-enabled PoP miner; warns it’ll take more space on Bitcoin

VeriBlock’s team announced today that it is releasing an alpha SegWit-enabled Proof-of-Proof (PoP) miner. While doing so, the team cautioned users to only deposit very small amounts of BTC as they are actively working on its robustness and stability, volunteer community testers experienced hiccups in testnet mode.

The team also went into the details of how individual PoP transactions will consume less weight on Bitcoin, meaning that transaction fees will be lower for those transactions (~29% lower). This, rather counter-intuitively however, will mean that VeriBlock transactions will take more space on the on-disk Bitcoin blockchain.

On a side note, former contributor to Bitcoin Core, Jeff Garzik, who led the development of the abandoned SegWit2x hard fork attempt back in 2017, is part of VeriBlock’s team.

https://eng.ambcrypto.com/veriblock-announces-alpha-segwit-enabled-pop-miner-warns-itll-take-more-space-on-bitcoin/

I don't like this, they are preparing the ground to fill the mempool with shit again before starting the new ATH.

[Last of the V8s]

Sorry to hear London scammed you, mike; hope you have a good time despite it  
meanwhile some security stuff https://blog.keys.casa/announcing-the-casa-wealth-security-protocol/
a lot to go through, but notably lacks firs