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

[makrospex]

Never saw that HAT.....  

It’s a counterfeit, shipped in from China. That is not a homer patented, special edition WO hat.

we should track all WO hats with blockchain technology from Homer to the specific WO dude, shouldn't we?

I trust VB1001 list.

https://wohats.blogspot.com/

Hmm, mine isn't on there either (yet?).
But it's brand new (and original xhxX)  

[1713950849]

1713950849

[1713950849]

1713950849

[realr0ach]

LFC bitcoin   you merited roach...your dead to me

https://dailystormer.name/zionist-maniac-dan-crenshaw-gets-into-twitter-spat-with-paul-joseph-watson/

[StartupAnalyst]

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.

I don't see the problem you've described. Rick already buys things that are doomed to get cheaper, especially if it's electrical engineering...
What prevents Rick from buying jewelry that will only cost more over time? He can buy two rings that can now be exchanged for a kilo of sugar. After a year, these 2 rings will give less deflationary money, but they can be exchanged for one and a half kilograms of sugar conditionally.

[realr0ach]

Inflation is a consequence of the debt economy

Again, you can have inflation without a central bank, so you can't just use a blanket statement saying all inflation is 'evil'.  In fact, deflationary monetary instruments are inherently WORSE than inflationary ones in a real free market.  Why?  Try the example I already gave a long time ago using the TV show "Pawn Stars".  If this Rick guy at his pawn shop buys things from customers and has to sit on them for several years to sell them, he's profiting if he purchased the items with an inflationary currency, and he's losing money the entire time if he bought them with a deflationary currency.  This is why Gresham's law exists.

Doing business with a deflationary currency is objectively worse than with an inflationary one.  If he actually wanted to stay in business, it would require this Rick guy to do more work and have to estimate a time span for how long each item would take to sell, then break out a calculator and calculate things like compound interest, then low ball a bid based on that time span and interest rates.  He has to do none of that with an inflationary currency.  The deflationary currency just introduces more variables, more unknowns, and more bankrupting black swans for a business if their estimate was not correct.

The ideal form of money is obviously neither deflationary or inflationary, but that option isn't too practical in reality, so Gresham's law and what I talked about above makes deflationary money automatically lose.  The only reason I don't see this as a negative for silver - as it's currently deflationary as opposed to inflationary like gold - is that once the price of silver skyrockets from manipulation imploding it will make recycling feasible and no longer deflationary.

I don't see the problem you've described. Rick already buys things that are doomed to get cheaper, especially if it's electrical engineering...
What prevents Rick from buying jewelry that will only cost more over time? He can buy two rings that can now be exchanged for a kilo of sugar. After a year, these 2 rings will give less deflationary money, but they can be exchanged for one and a half kilograms of sugar conditionally.

There is no arguing your way out of the fact that deflationary monetary instruments always lose in terms of market share or things like Gresham's law would not exist.  And besides the fact that nobody wants to hold depreciating assets, so they utilize them more, it's also because deflationary instruments don't work well in lending, inventory holding, or numerous other areas. 

If you think about it, it makes sense.  If you're in the inventory stockpiling business and have a bunch of chairs in inventory that are non-perishable goods, the value of your goods is technically depreciating over time in a deflationary monetary system, which is absurd.  Non-perishable consumer goods that are not being made obsolete in some manner should never be decreasing in value for no reason.  In other words, inflationary monetary systems puts the ball in the court of people who actually hold the things of value, while deflationary systems put the ball in the court of predatory moneychangers that believe the act of simply holding some type of instrument should make everyone else their slave.

[jojo69]

[Searing]

I'm EXTREMELY skeptical right now

Feels so bullish, but this feeling has always been a trap.

On the one hand I don't believe it.
On the other hand I don't want to get left behind.
 
BTC/USD
Long/Short Ratio
81:18
% of supply long:short
0.15:0.034
Long Daily Charge
$85,440
Short Daily Charge
0.21272 BTC
Total Long
27,411 ($255,133,365)
Funded Longs
$158,222,860
Total Short
6,150 ($57,242,355)
Funded Shorts
4,727 BTC

https://bfxmargin.com

This is why I'm in HODL mode, that way I always know if/when/how I play it wrong and get screwed..at least it is always from the same spot...HODL Mode...

(Bitcoin: Love me long time?)

Brad

[Last of the V8s]

[JayJuanGee]

You know breher, for a self-proclaimed bitcoin expert,

I don't think I ever proclaimed myself a "bitcoin expert".

Obviously, your actions unequivocally demonstrate that you are not.

Just like Roach's actions unequivocally demonstrate that he does not understand store of value.

At least here or other area where the Bitcoin-knowledgable assemble. Care to link to proof of your assertion?

On the other hand, the CryptoCurrency Certification Consortium has deemed me a Certified Bitcoin Professional.

Oh gawd........    ... you have some kind of certification, you must be really NOT a bitcoin expert if you have something like that.  

 

https://cryptoconsortium.org/certifications/cbp/

Wow.. the irony, hilariousness and ridiculousness of truth frequently trumps fiction.

Great find, V8.

[Last of the V8s]

I bet very few others of us here could answer those questions as well as him, but I ain't handing out no hundred dollars australian to find out.
edi tcanadian, w/e
wait edit 140 dollars goddam

[fillippone]

Good Night WO Gang.
All is fine, observing 9350 and an incredible contango in BAKKT futures (I’m going to write about it).

I got 2 merits today, roach I’ve got 2 as well.
Not a good day for the user formerly known as the Italian stallion.

[Bitcoinaire]

Cashapp continues to grow!

9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users

https://twitter.com/matt_odell/status/1192205598793895940

[fillippone]

Cashapp continues to grow!

9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users

https://twitter.com/matt_odell/status/1192205598793895940

Just think what that means after the halving.
In case the growth flats at this levels means they are buying 18.6% of the total bitcoin.
SF in all his power!

[Last of the V8s]

Good night big boy. We win some we lose some. Sleep well, then we get to fight another day.

[xhomerx10]

This post needs to be reported. But the question is, what the hell am I gonna put in the Comment section of the report?

 No it's cool.  That's the way Italians tell time.

  https://www.youtube.com/watch?v=21mLECfpv3M

Dear Lord.
That is an Italian actor...
I never saw that movie.
How on earth you know it??

 I don't speak Italian but I've watched a lot of "Domenica In" - it's good entertainment
 Gigi Proietti on Domenica In - https://www.youtube.com/watch?v=uR7P_KwdSEk

[xhomerx10]

Shuure. Iffa aye lifta da donkey ballz jus so
(ee-aw ee-aw)
aye seeya the timea the church clock ova theya jus so

 I had no idea you spoke italian V8!  Do I detect a calabrese dialect 

[xhomerx10]

Never saw that HAT..... 

Mine? xhomerx10 made it for me, you can ask him anyway.

PS: I don't like Chinese imitations.

 Sorry about that.  It is in fact an xhomerx10 original.  Maybe original isn't  the right word here because I used Edward Hopper's "Morning Sun"  - https://www.edwardhopper.net/morning-sun.jsp

 

avatar-sized

 

[Dabs]

Nice hat. Kinda both retro and modern at the same time. The window fits perfectly in the embroidery and the person is sitting on the sand or floor. (or a bed, in the original)

[xhomerx10]

Nice hat. Kinda both retro and modern at the same time. The window fits perfectly in the embroidery and the person is sitting on the sand or floor. (or a bed, in the original)

 Thank you Dabs.  Once I saw the window in the painting the idea just fell into place.

[Arriemoller]

I'm so bored that I started to watch old parade movies, I do miss all those cool parades the east block used to throw.
I mean this is cool, really! https://youtu.be/tiIhBzHxP2s?t=1022

[Icygreen]

I'm EXTREMELY skeptical right now

Feels so bullish, but this feeling has always been a trap.

On the one hand I don't believe it.
On the other hand I don't want to get left behind.
 
BTC/USD
Long/Short Ratio
81:18
% of supply long:short
0.15:0.034
Long Daily Charge
$85,440
Short Daily Charge
0.21272 BTC
Total Long
27,411 ($255,133,365)
Funded Longs
$158,222,860
Total Short
6,150 ($57,242,355)
Funded Shorts
4,727 BTC

https://bfxmargin.com

This is why I'm in HODL mode, that way I always know if/when/how I play it wrong and get screwed..at least it is always from the same spot...HODL Mode...

(Bitcoin: Love me long time?)

Brad

Agreed, just bought with the week's allowance today.  By the time I need to use that coin, it'll most certainly be worth far more assuming it hasn't gone to zero. 
I truly enjoy the uncomplicated space of buy and hodl (assuming that the value is ever increasingly realized). I imagine that trading can be a constant high pressure poker face.  For me that encourages a kind of emotional attachment to price swings that I just don't have time for.  But, I'll likely be the guy who hodl past the next ATH  top and all the way down again.