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

[infofront]

Didn’t do an art submission, might just send my cock in with a BTC logo on it & a ruler next to it - 1 inch per birthday’s that the forum has had.

You're using a metric ruler bro. That's 10cm  

[1714800999]

1714800999

[1714800999]

1714800999

[1714800999]

1714800999

[1714800999]

1714800999

[realr0ach]

this is similar to asking Sipa (Peter) to debate vaccines causing autism rather than work on the protocol.

If you think vaccines don't have detrimental side effects, go get yourself a whooping cough/tetanus combo vaccine right now - the #1 most dangerous vaccine of all (at least for cognitive function).  You probably won't even be able to concentrate to read this forum for a day or two after.  It's also rather hilarious how they run commercials specifically for this vaccine trying to get people to take it and seemingly none of the others.  Just like they recently started running commercials trying to get old people to take not regular, but EXTRA STRENGTH flu vaccines every year, even though the flu vaccine isn't even effective vs the flu.  

It's obviously part of a eugenics kill off plan.  The central planner technocrats don't want 100 year old boomers sucking down resources for eternity being a burden on the state.  But it seems they're also negatively impacting young people too.  You can argue about whether eugenics is necessary or not given a lack of natural selection to govern human genome and overpopulation, but the real issue is that the eugenics seems to be targeting 1st world, K-selection white people who don't reproduce out of control as much or more than 3rd world, brown people who do, making the eugenics totally pointless.  

We essentially have anti-white, pro-brown people eugenics with a bunch of evil Jews cheering for it due to their murderous hatred of white people.

[serveria.com]

BTC going down, gembitz is back but I feel comfortable... damn bear market of 2018 has made me numb... should borrow the titanium plates from Bob  

[vapourminer]

What's wrong with raising my concerns and asking for the opinions of fellow WO contributors? I have never ever attempted to spread FUD and never will. Those who know me can attest to that. Only a few days ago I came across this information (that came from inside the WO thread), and politely posted my concerns to the thread, because I trust your opinions. I got some answers, I accepted them, and I'm happy that all of you guys dismiss this information as FUD, which was also my initial reaction to it. I never offended anyone, as you are doing with your reply above.

no problems with concerns.. there is a lot of info/fud out there, mostly conflicting of course. basically, just keep researching and form your own opinion.

fwiw i too keep the bulk of my coin in legacy addys, and have no real interest in segwit at the moment. of course, this is probably more from laziness than any other single factor.

[LUCKMCFLY]

The Bitcoin market, the shortage is part of the hope of higher market prices.

BTC expected supply was 18,000,000 at block 600,000.

But there are over 1,500,000 coins that are assumed lost.

And many more that were stolen and haven’t moved since...

Read the full break down by
@khannib
 in this week's State of the Network:

http://coinmetrics.substack.com

Source: https://twitter.com/coinmetrics/status/1196829503970041856

Bitcoin has between 500,000 and 700,000 active addresses per day, and the number of unique addresses hovers around 500,000. Hundreds or thousands of coins are being moved for active trading each day, and simply holding the coins has not led to appreciation. Rather, trading activity and liquidity has led to discovering the higher BTC prices.

Source: https://bitcoinist.com/bitcoin-supply-less-than-18-million-coins-due-to-locked-wallets/

[OROBTC]

...

AlcoHoDL asked a reasonable set of questions.  Not all of us have lots of time here at W.O. nor are programmers.  We are all learning.  I too would like to know the right answers.  I don't like to spread any FUD nor anything negative.

Lauda replied with unnecessary venom.  That likely means that s/he was having a bad day, even for a grumpy kitten.  Lauda, I hope that your day is going better now.  

Peace.  <-- Lauda, get you some.  You'll feel better.

[Searing]

Well. I just bought $617 usd worth of Bitcoin.

I figure it this way:

1) I have a hoard, so it better not go beanie baby tulips

2) we have approached or near-complete miner capitalization ...too many miners vs price of BTC. Also, 60% or more that are dropping off the network are Litecoin L3+'s (scrypt that

folk used to mine and convert to Bitcoin and S9's Bitmain miners.....that is a lot of miners of the same type to dump out of the network in miner capitalization at one time!... Thus price dump,

IMHO. With the above miners being at least 60% of the miner's mining at this point that is a big, big, hit. So miners hodl'ing less and selling more for usual data hall bills etc.

3) see (2) ..miners must sell to keep and pay bills on data hall electric or whatever and adds to the price dump. Also used to be big hodl'ers for the time being not so much!

4) I see 'eventually' at least $10k BTC coming back someday so HODL mode. Thus anything I buy below 10K price is a win at these prices.

anyway, we had too many miners that ran up difficulty too high and price vs BTC adoption by the masses...that will probably take past the BTC halving to be digested...it could be we

may not see $10k till 6 months or beyond the halving (see past halving).

so I HODL, assume at least $10k will come back again, count on the halving in 2020 and just hunker down and accumulate

if I don't think that it will ever hit $10k BTC again, then a person should sell at least half if not all their BTC if they think this as good as it ever is gonna get...

so anyway, any coin I get from now on I look at it as a percentage of $10k and set it aside, no miners in my future, sell crap from the attic on ebay (attic mining) to buy BTC seems

the most senisble way I can accumulate BTC now.

5) this too shall pass

anyway, how I approach this now from my somewhat warped view on yes BTC will again get to $10k so what am I gonna do in the meantime?

later

brad

(eBay: yech...but hey cubicle work on eBay selling to get BTC works also..if you have a lot of crap to get rid of..but damn it is soooooooo boring!)

[realr0ach]

and have no real interest in segwit at the moment

There's no reason for anyone to have interest in segwit now that everyone can see how LN actually functions, which is why the second person to reply to the Satoshi mail list - James A. Donald - says virtually the same thing I do, that it's garbage.  Bitcoin is already designed to turn into a permissioned ledger because tokens are non-fungible and transaction validators are designed to centralize, and Lightning Network is even more of a centralized, permissioned ledger than Bitcoin is.  

If the original Bitcoin whitepaper stated what modern day Bitcoin actually is - "I envision the system having a multi-sig of only 1-10 block producers at most at any given time - he would be LAUGHED OUT OF TOWN.  That's basically the definition of Solidcoin for fucks sake.  In the very near future, it's 100% inevitable you'll need to ask permission from a US govt or Chinese communist controlled AML/KYC regulated mining pool in order to do anything with Bitcoin. Physical metals do not have built-in, rent seeking middleman that you have to ask permission from to do anything while also attempting to extort you for fees at the same time to move coins you supposedly own.

Bitcoin post-regulation is an even worse version of Paypal.  It's like Paypal but with higher fees and a permanent record of all transaction history for anyone in the world to view, so it abolishes the 5th amendment making it so you're tracked and audited in real-time, and any tiny mistake will have the book thrown at you like receiving an automated traffic light ticket.  The only thing propping up this bullshit now is people pretending this regulation is not going to happen and that they'll somehow make Ponzi scheme profits off artificial scarcity, Keynesian, halving events.

[OROBTC]

...

realr0ach

Our local CVS has a big sign advertising *FREE* flu shots now.  Free, huh.  Hmmm.

[noormcs5]

Guys I'm thinking about buying some bitcoin. Should I fire now or wait for a bit of a dip?

Wait for low 7xxx.

Will it bounce back near 7200-7300$ support as it did last time ? That's a million dollar question.
By the way i am expecting a pull back soon that will take us again above 8000$.

Why are you expecting a pull back soon please?

A very simple reason of a bounce back is that people are waiting to buy it at around 7000$. Since Halving is coming and Baktt already working, i do not think price can dump more as it did in 2018 at the same time when it dip from 6000$ to 3000$.

[realr0ach]

realr0ach

Our local CVS has a big sign advertising *FREE* flu shots now.  Free, huh.  Hmmm.

Yea, I think I've seen CVS employees post complaining about this before saying they're encouraged to try and get as many people as possible to take it and they lose money on every shot.  Sounds like a totally legit business to me.  If there actually was too little resources to go around and some people need to die somehow to keep the world spinning, it should be solved entirely in a free market monetary manner by going back to physical metals as money and having whoever was dumb enough not to own any starve rather than trying to kill people off with flu shots.

[ðºÞæ]

Reason for the market turbulence
https://cointelegraph.com/news/markets-crash-after-reports-that-binances-shangai-office-closed-in-crypto-crackdown

[LUCKMCFLY]

Hey guys, I think this about the market, seeing it on Tensorcharts.com, I see that the candle is long, but with little volume, it can be seen in the table that there are sales, it may be because of FUD, panic, because there was enough supply.



And seeing the "Shorts" are not fully open, just a little ...



I think that at any moment there can be a great rebound and recover the price ...

[Saint-loup]

Hey guys, I think this about the market, seeing it on Tensorcharts.com, I see that the candle is long, but with little volume, it can be seen in the table that there are sales, it may be because of FUD, panic, because there was enough supply.



And seeing the "Shorts" are not fully open, just a little ...



I think that at any moment there can be a great rebound and recover the price ...

A dead cat bounce from some speculators?   We don't need a rebound, we need a real solid reverse of the trend now.

[realr0ach]

weeeee    gogogoooo!!

[AB de Royse777]

Okay bitcoiners, this makes sense

[gembitz]

Good afternoon WO!
Observing @ $panic

$730+ down in the last 11 ours.



HODLing time!

facebook pay is epic brah    reeee

[xhomerx10]

Keep calm and this is fine.



avatar-sized


 

[HairyMaclairy]

At moments like this, I look at this thread to tell me it's going to be alright, but you guys aren't really helping

We are just fine.  Finally getting back on track after our little blow out earlier in the year.

[Lambie Slayer]

I like the idea of the Bargain Boyz being some kind of redneck trailer trash, but in all likelihood they probably look more like this:



Just your run-of-the-mill young Wall Streeters swooping up BTC for some billion dollar hedge fund. They probably don't even drink but take photo ops with new suits in classy NYC bars.

I think you are right, but I will continue the Bargain Boyz legend, just in case its real and some trailer trash tards are in charge of our fate.  Sometimes reality outruns apprehension.

Perhaps the true Wall Street Bargain Boyz read this thread and will gain inspiration from the mythological Popeyes eating Bargain Boyz. They may see them as an inner spirit animal and look to their legend for guidance.

All I know is whoever the true Bargain Boyz are, they did not step in big to buy that dip so the bottom is not in yet, but its getting closer.