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

[Hueristic]

https://twitter.com/Felipether/status/1188814540802318337
this stocktoflow stuff is epic

Thats a great read, I especially liked this.

Bitcoin hasn’t ever had a pricing model debatable at this level. Metcalfe Law, MV = PQ, you name it... 👶 S2FM is embryonic, but may welcome many skeptic money managers into Bitcoin. These can now at least envision an answer to: what drives BTC value? How to quantify it?

[1713992809]

1713992809

[1713992809]

1713992809

[dyask]

China says they want to use "blockchain" to build the world's ultimate social credit score, cashless society slavery system dystopia and of course shitcoiners in this thread somehow think that's good news and that they've made the right choice in supporting imaginary, valueless, digital slavery systems instead of physical metals.  Meanwhile, the kikes in the US are attempting to force people to get implanted with blockchain based, dystopian, mark of the beast chips straight out of the bible:

https://www.zerohedge.com/health/big-brother-meets-big-pharma-harvesting-biometrics-everyone

Both China and the kikes can go fuck themselves because like every other sane person on the planet I'll be using physical metals instead and refusing to touch any of this bullshit.

Well I can go swimming with all my BTC, try to do that with all your metal.   Actually you might succeed because you are probably only worth a few grams of gold.   If you had any real wealth we wouldn't be hearing much from you.

[Negotiation]

"halving of block reward should in theory act as a scarcity mechanism which makes each LTC unit more valuable"
"Analysts usually identify halvings as triggers for boosting market value"
No!
Only true if stock-to-flow & value are correlated: LTC no, BTC yes

Source: https://twitter.com/100trillionUSD/status/1188922106458841095

60% lol

[LUCKMCFLY]

This is good, the masses are calm ...



Source:https://www.coinness.com/news/439890

There is more confidence, the feeling of purchase will begin to arrive little by little.

[JayJuanGee]

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Hey again JJG.  Sorry you aren't able to comprehend the charts.  I thought they were pretty self-explanatory but maybe not  .  I'll see if I can get some crayons to doodle something simple.  I'll bring a couple extra for you to chew on too    

I doubt that crayons are going to be very helpful in this situation, but whatever.   Do what you are capable of in terms of trying to figure out how to try to start to make a bit more senses.  

To give you some benefit of the doubt, I suppose there could be some 10 year olds or younger that might believe that they understand some of your seemingly puzzling points, perhaps?  

They might even conclude that you are funny, too, especially since you are still into crayons, including eating them or feeding them to others.    I would hate to see the state of your basement walls, especially if grandma is allowing you to "free range."    

at least JJG's reflexes are still good

You see, jackbauercsgo, you are not the only one who is into puzzles.  

upside down parabolas?

unless you're doing it ironically...

Parabolic trends appear during uptrends and downtrends.  Most people think they are for uptrends only and completely miss when they occur during downtrends.  This is why I inverted the chart, to help people see what was happening.  We're all way more accustomed to seeing parabolic uptrends, so people tend to "get it" more when I invert.

Hahahahhaha

For some reason, your creative communicative "cleverness" does not work very well for me.   Go figure.

Your level of clever reminds me:




    

[JayJuanGee]

In further Moron Monday news tonight, Brock and Roger agree that 'governance seems to be the hardest thing on any chain' amongst many other Moron Monday agreeings:
https://youtu.be/ym3gk05iAQQ What's up with EOS? - Brock Pierce Interviewed by Roger Ver

Some day this kind of behavioral sickness may even end up in the ICD as the "Ver syndrome" (furiously inventing and defending "alternative realities")  
*Gets some popcorn before clicking the link*  

EDIT: Bitcoin Judas gave Brock way too much coke 

It's over described for me.

Just from the description (thanks v8), I am going to save myself from such likely levels of dumb by not clicking on it, which also has an extra benefit of likely improving my quality (and perhaps quantity) of life.   

[akhjob]

https://beincrypto.com/china-calling-blockchain-a-scam-is-now-banned/

Now they are banning articles calling blockchain a scam, I love this change except for the fact that they are going to have their own crypto

Bitcoin already is a gateway to many other cryptocurrencies.
In the long run the statecoins (centralized) and BTC, maybe a few other coins that make sense will survive.
So why don't you like it?

I'd be more comfortable holding a BTC stash and "using" it partially for exchange into other CC i can actually use.
This doesn't mean BTC can't be used, but it would give me better control about exchange fees.

We already have fiat currencies, I am not looking for a centralised stable coin for each country which is going to do the same job of the fiat currencies. If you are saying about ease of transfer, fiat currencies can be transacted through online payment gateways and it can also done as cash for the unbanked, which is not possible with the stable coin. So what's the point in creating a stable coin for a country? And I don't think they'll make any difference. If it was a global stable coin, at least we could could cut the cross border exchange fees.
In my opinion, a global stable coin like Libra better than fiat which is better than a localised stable coin. All these are in now way to be compared to Bitcoin which is in a separate league.

[akhjob]

i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.

to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).

i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?

if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.

That's because if they abruptly approve of bitcoin, other idiotic nations will call China, the funding nation for criminals. I think it's good they have reversed their earlier stance and have recognised blockchain. Once everyone gets involved into blockchain, it's only a matter of time they recognise Bitcoin.

I don't necessarily follow your assumptions there. China doesn't have to recognize BTC ever (though I think they eventually will). They can establish their own mandatory digital currency with a state centralized blockchain and any Chinese citizen who uses something else they'll charge with "provoking trouble".
https://www.nytimes.com/2019/10/24/world/asia/china-metoo-hong-kong-protests.html

The activist, Huang Xueqin, was detained last week in the southern city of Guangzhou, according to friends who asked not to be identified by name. The authorities accused Ms. Huang, 31, of “picking quarrels and provoking trouble,” a vague accusation that the government often uses to silence activists who challenge the status quo.

I am not saying that China will definitely recognise Bitcoin. But there is a possibility right ? That's what I'm happy about.

Edit: Check LuckMcFly's post on Chinese bank investing on bitcoin wallet - https://bitcointalk.org/index.php?topic=178336.msg52907277#msg52907277

So, I guess the Chinese government might recognize Bitcoin sometime in the future. So does the other governments.

[Phil_S]

Enough of this bullshit.

I want to see 10 000 damn it.

[JSRAW]

Your level of clever reminds me:




    

https://www.youtube.com/watch?v=lr78cb1vHJ0&feature=youtu.be


@V8, @LFC first cricket world cup then manage to draw the Ashes and now ready for Rugby world cup? looks fruitful year for England only drawback is Brexit got delay.

[HairyMaclairy]

What's your thought on the Taycan?

Not interested in it. Like, at all. Has zero appeal to me.

Too big and heavy?

[El duderino_]

What's your thought on the Taycan?

Not interested in it. Like, at all. Has zero appeal to me.

Too big and heavy?

Naaaaaaah..... you know what..... F***ing electric

Good morning btw

[Gyrsur]

EDIT: "Real Satoshi" (not CSW) tweeting again. https://twitter.com/SatoshiNRH

So that's what Satoshi Nakamoto looks like??



I'm extremely disappointed!! 

#nohomo

[makrospex]

EDIT: "Real Satoshi" (not CSW) tweeting again. https://twitter.com/SatoshiNRH

So that's what Satoshi Nakamoto looks like??



I'm extremely disappointed!! 

#nohomo

Yeah, but that's after he had his Snickers.

Before:



Better? 

[Gyrsur]

^^Wow, perfect!! 

[makrospex]

^^Wow, perfect!! 

Better!

I should do a meme on this...

[marcus_of_augustus]

https://www.marketwatch.com/story/the-super-rich-elite-have-more-money-than-they-know-what-to-do-with-2019-10-28

The top 1% have about $4.7 trillion in cash and cash equivalents, idling in bank accounts and earning next to nothing.

... hmmm, capital flows to where it is treated best?

[Gyrsur]

^^Wow, perfect!!  

Better!

I should do a meme on this...

[P_Shep]

EDIT: "Real Satoshi" (not CSW) tweeting again. https://twitter.com/SatoshiNRH

So that's what Satoshi Nakamoto looks like??



I'm extremely disappointed!! 

#nohomo

What the hell is all that about?
Numerology!?
TF?

[NeuroticFish]

What the hell is all that about?

Just another Satoshi wannabe with website, advertising, a story behind and willingness to convince people (and government institutions).
Since he cannot really prove anything, he's just another fly near the "I am Satoshi" pie.