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

[HairyMaclairy]

News report I read suggested engine failure. Witness reported one prop not working and loud popping sounds.

That said witnesses are wildly unreliable in air crashes.  

[realr0ach]

This Adolf Hitler fellow had some very practical and innovative solutions to the Jewish problem.  I am also no longer interested in Larry Summer's cashless society slavery system called Bitcoin.  I have seen the error in my ways and anything that's not physical commodity money like silver and gold is a scam.

[Negotiation]

Here we have it: scammer Vitalik finally admits ETH was never designed for scalability.

Poor bagholders believing in the narrative that ETH is a world super computer after all that time.

https://beincrypto.com/ethereum-founders-admit-never-designed-scalability/

So who is original designer ? develop ethereum?

[realr0ach]

Here we have it: scammer Vitalik finally admits ETH was never designed for scalability.

Poor bagholders believing in the narrative that ETH is a world super computer after all that time.

https://beincrypto.com/ethereum-founders-admit-never-designed-scalability/

I seem to recall telling you digital shitcoin scammers that in Feburary 2016:

https://bitcointalk.org/index.php?topic=1361602.0

The only thing I would change about that post in hindsight is hinting that Lightning Network might be useful, when in fact, it turned out to be absolutely useless since it's just a permissoned ledger replica of the already existing banking system.  Routing would have to be built-in to LN and mandatory just like Monero mixing in order for it not to be a garbage, permissioned ledger.  Tokens would also have to be anonymous and fungible to accomplish that task of avoiding a gatekeeper system.  

But having built-in routing and anonymous tokens would make it a money laundering dream system that would collapse all govts.  It would be difficult to create from both a technical and legal standpoint.  So as everything sits now, digital shitcoins are complete garbage compared to physical metals and their only possible endgame evolution is a Chinese social credit score-like slavery system.  Or to put it in simple terms for all the shitcoin fools and scammers reading this, any token that's not fungible will always be a slavery system period.

[VB1001]

For instance here's a map of the most popular countries by LB trading volume in 2019

https://twitter.com/nic__carter/status/1179403111112286210



https://medium.com/dlabvc/introducing-usefultulips-org-afbdc21b5680

[realr0ach]

For instance here's a map of the most popular countries by LB trading volume in 2019

Some scammer jackass wrote a Zerohedge article claiming Local Bitcoin trading volume "exploded" in Hong Kong as a "flight to safety" trade when it only hit a whopping $12 million LOL.  What is that, the value of a single Hong Kong apartment?  In other words, there is absolutely no flight to digital shitcoins in Hong Kong at all.  The amount of bogus digital shitcoin propaganda on Zerohedge now is ridiculous.

[realr0ach]

My friend Shelby, who many of you may know, just pointed out that we're still following masterluc's Dec. 2018 predictions:

The "Masterluc trend" chart already broke down and failed, which I'm sure everyone remembers since it was not long ago, so I'm not sure why people pretend his chart is some type of religious text when it already died. Also, claiming Bitcoin can go to $250k while having an $8k post-halving cost of production is a complete joke.  Mining would need to expand by over an order of magnitude, making Bitcoin use more power than the entire United States.  Hence, people who claim the price can go to $250k after halving are all retard scammers.  Bitcoin is anchored in how far it can be pump and dumped by PoW production costs.

[whiteboy420]

Here we have it: scammer Vitalik finally admits ETH was never designed for scalability.

Poor bagholders believing in the narrative that ETH is a world super computer after all that time.

https://beincrypto.com/ethereum-founders-admit-never-designed-scalability/

I seem to recall telling you digital shitcoin scammers that in Feburary 2016:

https://bitcointalk.org/index.php?topic=1361602.0

The only thing I would change about that post in hindsight is hinting that Lightning Network might be useful, when in fact, it turned out to be absolutely useless since it's just a permissoned ledger replica of the already existing banking system.  Routing would have to be built-in to LN and mandatory just like Monero mixing in order for it not to be a garbage, permissioned ledger.  Tokens would also have to be anonymous and fungible to accomplish that task of avoiding a gatekeeper system.  

But having built-in routing and anonymous tokens would make it a money laundering dream system that would collapse all govts.  It would be difficult to create from both a technical and legal standpoint.  So as everything sits now, digital shitcoins are complete garbage compared to physical metals and their only possible endgame evolution is a Chinese social credit score-like slavery system.  Or to put it in simple terms for all the shitcoin fools and scammers reading this, any token that's not fungible will always be a slavery system period.

only sane voice in here.

silly bullas can't even reclaim the 200DMA but speak of riches.



here are charts about Network density (= completenes)
https://bitcoinvisuals.com/ln-density

and here about cut channels and cut nodes, which are nodes / channels which monopolize a path

https://bitcoinvisuals.com/ln-cut-channels
https://bitcoinvisuals.com/ln-cut-nodes

[realr0ach]

just a question: should I look at Bitcoin like a Commodity or like a Share (Stock) or something between?

Neither.  It's a currency.  It even says "cryptocurrency" in the name to help slow people figure it out.  What is the definition of currency?  Currencies - as opposed to physical commodity money - are all Keynesian scams based on artificial scarcity that start at a value of zero and always return there on a long enough timeline.  Currencies are confidence games, aka scams.  

They have no inherent connection to the real world, which humans live in, so their 'value' is always nebulous and fleeting.  The purpose of money is to transfer value from the present to the future, which you cannot reliabily do with a confidence game since it can fall apart at any second.  To do so requires a non-perishable, physical commodity.  This is why Aristotle correctly stated 'money' is required to be a physical commodity and why Plato is either wrong or just a statist propagandist attempting to fool people on purpose.

[HairyMaclairy]

silly bullas can't even reclaim the 200DMA but speak of riches

You might have earned enough gainz to pay your trading fees entering and exiting the position.  Better get out while you can - 200DMA is still rising. 

[realr0ach]

The current market is likely the Chinese mining monopoly scammers trying to rig the price where they'll be profitable post-halving.  Hence they rigged it to exactly double current cost of production.  If they just let the price slide into halving at $3-4k, they would then need to attempt to rig the market to $7-8k and buy all the coins up on the market then.  But other pump and dump scammers might have already bid the price up beforehand and start dumping on them as they try to artificially rig it upwards to stabilize it at $8k, so the Chinese mining monopoly just went ahead and attempted to rig it up now instead before anyone else can get in.

From the market actions that have occurred so far, it's very possible to be the first 'priced in' halving and nobody makes jack shit trying to trade it.  If it crossed the halving at $8k or so, it would probably do absolutely nothing after. Which would make people realize Bitcoin isn't an infinite, free profit money tree and they all dump in disgust.  If literally everyone dumped, another scammer would buy all the float then try to artificially rig it to the moon in a pump and dump.  But people will expect a lagging halving effect and not many will dump, so you'll likely see a price stagnation post-halving if it crosses that point anywhere near $8k.

[mindrust]

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

The bull run is still on imo. See the circle on the left. Once we get the same bounce, the bounce to the moon begins.

Next year today, ATH @ $80k.

[realr0ach]

The bull run is still on imo. See the circle on the left.

K, now that you have posted your retard chart claiming the price of Bitcoin will go up at a 45 degree angle infinitely and unsustainably until the sun turns into a red giant (at log scale LOL), let me go hit up MS paint and spend 3 seconds to post something resembling the real chart:

[Gyrsur]

someone remember RawDog from the early days?

https://www.reddit.com/r/Bitcoin/comments/13e826/classic_sirrawdoglets_view_on_bitcoin/

maybe he has a brother too. 

[mindrust]

someone remember RawDog from the early days?

https://www.reddit.com/r/Bitcoin/comments/13e826/classic_sirrawdoglets_view_on_bitcoin/

maybe he has a brother too. 

Rawdog is exactly what you don't want your child to be. A combination of both low intelligence and education.

If you somehow realize that your kid isn't as smart as you'd want him/her to be, make sure that he/she takes a proper education. Being around smart people usually makes you smarter.

[realr0ach]

Probably the worst Bitcoin discussion video ever, but the part he claims about Bitcoin being infinite is actually true since it's...infinitely divisible (not to mention the 21 million cap itself can be raised).  It's really an ingenious scam. Traditional debasement is printing to the left of the decimal point, while Bitcoin has built-in subdivision printing infinite amounts to the right of the decimal point.  Both are mechnically the same thing going on - creating more imaginary widgets out of thin air.

It just so happens one implementation is fiscally ruinous, while the other is not, but they should both in theory be a negative to 'scarcity'.  It also opens attack vectors that have not been fully exploited yet, like disparity between different clients that demand massive granularity solely in order to try and cause incompatibility.  Then your infinite printing to the right of the decimal point 'feature' really is a problem.  For there is no real Schelling point whatsoever on granularity.

[P_Shep]

someone remember RawDog from the early days?

https://www.reddit.com/r/Bitcoin/comments/13e826/classic_sirrawdoglets_view_on_bitcoin/

maybe he has a brother too. 

Rawdog is exactly what you don't want your child to be. A combination of both low intelligence and education.

If you somehow realize that your kid isn't as smart as you'd want him/her to be, make sure that he/she takes a proper education. Being around smart people usually makes you smarter.

You can't cure stupid.

[El duderino_]

someone remember RawDog from the early days?

https://www.reddit.com/r/Bitcoin/comments/13e826/classic_sirrawdoglets_view_on_bitcoin/

maybe he has a brother too. 

Rawdog is exactly what you don't want your child to be. A combination of both low intelligence and education.

If you somehow realize that your kid isn't as smart as you'd want him/her to be, make sure that he/she takes a proper education. Being around smart people usually makes you smarter.

You can't cure stupid.

I have been cured from FIAT system ...

[Last of the V8s]

One needs a good deal of darmklachten to put up with this verlakkerij.

[Negotiation]

In the story of #bitcoin and decentralisation, we all are just footnotes. Our next generation will have life changing benefits from this evolution of money.
https://twitter.com/mahingupta/status/1179619657403125760

Good comment on bitcoin.