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

[jojo69]

Well, The Bruce is home, sans testicles, and the great wheel of human feline relations continues.

He is doing quite well.

[1714011742]

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[goldkingcoiner]

Looks like we might dip below $9,000. I don’t have any spare fiat left so not going to buy the dip if we go below. Planning to buy 0.25BTC next week, let’s see where the price goes  

I am going to buy a little bit

My buyzone is 8.8-8.5k

[lightfoot]

Do you know about the mouse utopia experiment of John B. Calhoun? What happens to mice in a closed space with all the food they could want? As population grows, birthrate starts falling to almost 0. Same thing can be applied to humans, with Earth as our closed off space.

Evolutionary traits are kicking in to stop overpopulation. All natural. Might drive us to extinction, might not.

Just took a trip through North Dakota and Montana: There is so much open space in the US that overcrowding will not be a problem. I sem to recall the drop in birth rate is natural when one's kids stop dying in childhood.

[realr0ach]

Just took a trip through North Dakota and Montana: There is so much open space in the US that overcrowding will not be a problem.

#1)  The entire planet isn't supposed to be a parking lot

#2)  Free space is useless unless you can prevent the dindus from following you there

[Elwar]

Price always drops at the end of the month. We just need to survive a few more days of low prices.

[Elwar]

Do you know about the mouse utopia experiment of John B. Calhoun? What happens to mice in a closed space with all the food they could want? As population grows, birthrate starts falling to almost 0. Same thing can be applied to humans, with Earth as our closed off space.

Evolutionary traits are kicking in to stop overpopulation. All natural. Might drive us to extinction, might not.

Just took a trip through North Dakota and Montana: There is so much open space in the US that overcrowding will not be a problem. I sem to recall the drop in birth rate is natural when one's kids stop dying in childhood.

There is also 3 times more hurricane free ocean than all habitable land in the world.

We have quite the space to expand.

Before space.

[realr0ach]

We have quite the space to expand.

Since any normal white person can look around and notice the government, media, educational, banking, and judicial system are completely criminal (occupied by Jews), and civilization is imploding due to this, none of them are expanding anywhere.  Why have a bunch of kids that will just be slaves for Jewish psychopaths?  The only people expanding are 60 IQ negroes, 80 IQ Mexicans, and single mother criminal factories.  

That's one indirect reason civilizations thought the institution of marriage was important in the past.  If you force people to get married to have kids, it limits how much the bad genes can reproduce, since the good, K-selection genes don't have many kids, otherwise you are overwhelmed with trash who attempt to externalize the cost of the kids to society to reproduce out of control.  Without a stable 1:1 institution of marriage, you have things happening like one woman having 5 kids from different fathers who all turn out to be felons, or one guy with crap genes marrying four women with crap genes and having 17 kids with crap genes flooding the world with garbage:

https://www.imdb.com/title/tt1721666/

[lightfoot]

We have quite the space to expand.

Before space.

Well, we shouldn't rule out space. Roach can go to space. He can colonize Uranus.

[jojo69]

I hear this shit all the time.  You guys are smarter than this.

It is not about having enough space to warehouse the humans.  It is not even about having enough resources to keep them fed and docile in their boxes.

It is about having enough un-fucked-up, non-human biosphere out there to make it worth living.

[realr0ach]

If it's lebensraum you want, it is lebensraum you shall have:

https://dailystormer.name/yids-flip-lids-after-big-afd-victory-in-germany/

[dragonvslinux]

I think this price is the definition of a neutral market, meeting up with the 200 Day MA again. Investors would call it a "fair price", traders will wait to see which direction is taken.
Anything could happen moment coming right up... BTC style. Indicators claim Daily/Weekly/Monthly are strong buys while Bi-Daily/Hourly are strong sells.
This is the battle between the longer term bullish trend and the shorter term bearish momentum.

[soxxx]

Price always drops at the end of the month. We just need to survive a few more days of low prices.

It looks like the CME gap will be filled. November is Bitcoins best month and I believe that the trend will continue.

[btcanonymous666]

Started with 50, down to 25, down to 12.5, and will go down 6.25.

Well, price went to the secret nazi base of the moon after every halvening "event". Most likely 6 months after halvening itself. But now, more people know about Bitcoin and they may buy news, before halvening. Noone knows when it will start to go to the "moon" again.

However, I can still call $9k that is a bargain. If it ever drops to $7k around again, I'll buy more.

BUY DAT CHEAP WEB GOLD!

[realr0ach]

Alright, found the #1 worst Reddit forum that exists.  Every single post looks like a Lauda post.  Look:

https://www.reddit.com/r/FemaleDatingStrategy/comments/dp6qeb/the_patriarchy_all_comes_down_to_making_sure_low/

These retards believe "the patriarchy" - they imply the existence of the institution of marriage is patriarchy - exists solely for "low value men" to get laid or secure a woman.  Men don't even want to get married in the first place.  It's the woman that wants to get married as an insurance policy for themselves.  They also inadvertently seem to be advocating some type of civilization where the #1 male prospect in their region sleeps with all the women and cheats on them all, inevitably creating a bunch of single mothers on welfare that turn into felon factories causing civilization to implode.

This thing they refer to as "patriarchy" was just a system of cultural norms and rules set up over the course of thousands of years to cause society to function, because doing things differently caused it to collapse in mayhem.  These cultural norms benefit women more than men and go entirely against men's natural instincts, so it's sort of a joke to even call it a "patriarchy" in the first place.

[Spaceman_Spiff_Original]

It has been accepted that 2017 bullrun was cancelled by CME and co, with their shorting tools.

Then, all the parabolas using that 2017 peak should be invalidated.
It could have been way higher..
And "they" could cancel next bullrun.. or not.

Funny interpolations.. trying to predict such an emotional market.


To be honest, nobody knows what the honey badger is doing next, neither when nor how high it could climb ...

Yeah, and 'it was accepted' that the 2013 bull market ended because MtGox got ddos-ed.   

I actually like this graph a lot, it captures my general model for bitcoin price cycles.  The only thing that is an unknown is that we don't know yet how BTC acts during a recession, as it has only been actively traded during the uptrend of the business cycle.

[infofront]

Stock to flow is irrelevant for LTC.

You people are the most dishonest, retarded, fucking scammers I've ever seen in my entire life.  It's not possible for this 'stock to flow' nonsense to be completely invalid for Litecoin and every other coin and work ONLY for Bitcoin. They're all the same 'asset' class - I use the term "asset" extremely loosely because imaginary timestamps are not an asset - so it either has to work for all of them or none of them.  It obviously works for none of them because a stock to flow model only works on physical commodity resources humans actually need with some type of inelastic demand.

Forced to reply as you are calling me in a way I don't like.

If only you would use some of your time to actually read about the model (plenty of places to do that, one of those being here), instead of repeating the same old story, you would understand why this model is not applicable to Litecoin.

What is your rationale for why 'stock to flow' would work on Bitcoin when it doesn't work on ANY other digital crapcoin?  You don't have one.  You're either required to be a dishonest scammer or negro-level IQ to not be able to realize scarcity in vacuum for scarcity's sake is meaningless.  The idea of stock to flow requires pairing scarcity with inelastic demand.  To have inelastic demand requires being an actual physical resource humans need, not an IMAGINARY timestamp.  TIMESTAMPS are not in short supply ANYWHERE.

Bitcoin is the only cryptocurrency with unforgeable costliness,

[fillippone]

There has been a flush of news about BAKKT this week:
It tried to do a good summary here.
Bumping that thread where all the Bakkt chit chatter is!

[Paashaas]

Genesis Mining survey.



- 24% of respondents believe that the Federal Reserve is responsible for securing U.S. gold reserves, while 50% responded that they are responsible for overseeing U.S. monetary policy.

- 54% of respondents believe that the Federal Reserve Banks are owned solely by the U.S. government.

- 29% of respondents believe that the U.S. dollar is still backed by gold.

- 26% of respondents believe banks are required to keep 100% of the money deposited by customers in the bank while 52% responded that banks do not need to keep 100% in reserves.

- Of those that said no, banks do not need to hold 100% of customer deposits in reserve, just 9% believed that banks must hold 1-10% at all times.

- 67% of respondents prefer to use debit or credit cards for payments.

- 30% of respondents reported that they hardly ever used cash while 37% reported that they used cash just 1-2 times per week.

- 76% of people oppose the idea of the U.S. government replacing paper money with digital-only money.

https://www.prnewswire.com/news-releases/new-genesis-mining-study-finds-29-of-americans-believe-the-us-dollar-is-still-backed-by-gold-300947883.html

[El duderino_]

^
If they ask me I would say I think its backed by r0ach and silver.... or by some Jews, meh I don't know its one of those

[realr0ach]

Stock to flow is irrelevant for LTC.

You people are the most dishonest, retarded, fucking scammers I've ever seen in my entire life.  It's not possible for this 'stock to flow' nonsense to be completely invalid for Litecoin and every other coin and work ONLY for Bitcoin. They're all the same 'asset' class - I use the term "asset" extremely loosely because imaginary timestamps are not an asset - so it either has to work for all of them or none of them.  It obviously works for none of them because a stock to flow model only works on physical commodity resources humans actually need with some type of inelastic demand.

Forced to reply as you are calling me in a way I don't like.

If only you would use some of your time to actually read about the model (plenty of places to do that, one of those being here), instead of repeating the same old story, you would understand why this model is not applicable to Litecoin.

What is your rationale for why 'stock to flow' would work on Bitcoin when it doesn't work on ANY other digital crapcoin?  You don't have one.  You're either required to be a dishonest scammer or negro-level IQ to not be able to realize scarcity in vacuum for scarcity's sake is meaningless.  The idea of stock to flow requires pairing scarcity with inelastic demand.  To have inelastic demand requires being an actual physical resource humans need, not an IMAGINARY timestamp.  TIMESTAMPS are not in short supply ANYWHERE.

Bitcoin is the only cryptocurrency with unforgeable costliness,

What the fuck.  You have GOT TO BE SHITTING ME.  That's an entirely made up, bullshit word salad like blue hair feminists fabricate out of thin air to try and bamboozle people.  I don't know why you people even quote Nick Szabo when he's an Ethereum shill.  It was obvious it was a Wolf of Wall Street IPO scam before it was even released, with the system itself incapable of even functioning at a drawing board level.

When he's bullshitting you in things like that, it's obvious he's bullshitting you in lots of other places too.  He makes numerous leaps of illogic like concluding the only reason humans value something like gold is because it has large amounts of sunk cost fallacy to produce, then tries to claim that PoW aka "unforgeable costliness" replicates that sunk cost fallacy making Bitcoin equal to gold LOL.  This whole simpleton train of logic is so stupid it hurts.  If Bitcoin had "unforgeable costliness", the 51% attack would not even exist for fucks sake.

And producing gold isn't even sunk cost fallacy in the first place since you're producing an actual resource, while Bitcoin REALLY IS sunk cost fallacy producing nothing.  So it's a complete apples to Toyota Corollas comparison.  Then factor in absolutely none of the other million traits of physical metals and Bitcoin are comparable either with one being an imaginary object and all.  I could go on about the illogical economic statements of Nick Szabo for hours but nobody reads posts over three paragraphs as a spontaneous, JayJuanGee defensive reflex.