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

[realr0ach]

Bitcoin is more commodity than currency. It needs real world use - interoperability and store of precious data - before it can be used as currency

Do you really think you can lie to me of all people?  It says CRYPTOCURRENCY in the god damned title.  Bitcoin is a currency, not a commodity.  You're trying to weasel your way out of the fact that anything falling under the category of currency has very negative connotations like being a Keynesian, confidence game scam based on artificial scarcity that starts at a value of zero and always returns there.  Besides the fact claiming imaginary timestamps are a commodity is ludicrous, fungibility is also required to be a commodity and it's not possible for Bitcoin to be fungible even if you mix outputs.

A real commodity is capable of resisting entropy in some manner, at least for a brief period of time.  The ones that do it better are known as non-perishable.  Bitcoin doesn't resist entropy at all; it's designed to facilitate entropy - aka constantly morph from one thing to another.  It's impossible for such a thing to be fungible because it's designed to change.  Idiot scammers tried to spin this huge negative as a positive with the bogus term "anti-fragile".  Money is supposed to be a constant and unchanging, not facilitating change.

[kellrobinson]

https://bitcointalk.org/index.php?topic=5198154.msg53272496#msg53272496
 

[realr0ach]

New infinity niggers plan for Germany brought to you by the Jews (aka The Kalergi Plan):

https://www.zerohedge.com/geopolitical/germany-all-eu-members-must-take-migrants

[hv_]

Bitcoin is more commodity than currency. It needs real world use - interoperability and store of precious data - before it can be used as currency

Do you really think you can lie to me of all people?  It says CRYPTOCURRENCY in the god damned title.  Bitcoin is a currency, not a commodity.  You're trying to weasel your way out of the fact that anything falling under the category of currency has very negative connotations like being a Keynesian, confidence game scam based on artificial scarcity that starts at a value of zero and always returns there.  Besides the fact claiming imaginary timestamps are a commodity is ludicrous, fungibility is also required to be a commodity and it's not possible for Bitcoin to be fungible even if you mix outputs.

A real commodity is capable of resisting entropy in some manner, at least for a brief period of time.  The ones that do it better are known as non-perishable.  Bitcoin doesn't resist entropy at all; it's designed to facilitate entropy - aka constantly morph from one thing to another.  It's impossible for such a thing to be fungible because it's designed to change.  Idiot scammers tried to spin this huge negative as a positive with the bogus term "anti-fragile".  Money is supposed to be a constant and unchanging, not facilitating change.

Wait.
DBK knows it all

https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

[El duderino_]

New infinity niggers plan for Germany brought to you by the Jews (aka The Kalergi Plan):

via Imgflip Meme Generator

via Imgflip Meme Generator

Only this is brought by the Jews for me some awesome jeans, btw learn something from their writings .....

[Totscha]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

[long list of crazy hatters]

I'd like to thank Bob as well. I became immensely wealthy in the last two days thanks to his generous contributions

[El duderino_]

^
Damn I almost thought that fool was writing in here 

[JSRAW]

via Imgflip Meme Generator

Only this is brought by the Jews for me some awesome jeans, btw learn something from their writings .....

This quote is not for you. but for little friend

[Globb0]

Wake up with a boner

[Totscha]

Wake up with a boner

A boner with a purpose!

[LUCKMCFLY]

Bitcoin and Gold ...

Interesting chart: Bitcoin has been increasingly correlated with gold (although the correlation level is still relatively low).
@100trillionUSD
 
@MarkValek
 
@MarkYusko
 #btc #gotgold

Source: https://twitter.com/RonStoeferle/status/1202914857043058689

[ataArt]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

it can happen much earlier

[Bossian]

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
 version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

I agree with that, but it will be a failed rally (posted a thread about it). Bitcoin history has a lot of failed rallies, it will be one of them (the same as March-April 2018 period). Anyway buying at 7.3k is pretty good in anticipation of this rally.

[dragonvslinux]

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
 version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

It's true we're still holding up a form of support trendline from the start of the year regarding network transaction volume which is a good sign.



We did dip below it briefly but popped up above again.

[JimboToronto]

Good morning Bitcoinland.

Trudging along sideways I see... currently $7381USD/$9725CAD (Bitcoinaverage).

Ho freaking hum.

Hey WO gang

I found something for the HODLsleep:

https://www.bitlisten.com/

Wow. There's a blast from the past. Is that old site still running?

It's a reincarnation of the original Listen to Bitcoin site.

It seems the guy who created it sold it and the new owner infected it with a trojan. It created quite a stir about 6 years ago. Needless to say, it was discussed here in the WO.

https://blog.malwarebytes.com/cybercrime/2014/01/musical-bitcoin-bubbles-serve-java-applets-malware/

The original owner revived it, malware-free, and changed the name to Bitlisten.

Thanks for bringing back old memories.

[fillippone]

Innovation in BTC

Relatively new initiatives and show a more complete picture of Bitcoin stack technology.

Users when using Lightning can make transactions privately on the use of additional techniques and network layers, such as Tor, from here the percentage of private use of the lightning network can be estimated by analyzing the number of channel opening transactions in the chain compared to the number of public channels outside the chain.

Bitcoin, in its totality, is a constantly evolving suite of protocols.

Source: https://medium.com/@LucasNuzzi/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14

I opened a thread in the technical section referencing every boxes with their respective thread here on the forum!
A Look at Innovation in Bitcoin’s Technology Stack [complete with references]

<...>
Thanks for bringing back old memories.

You are welcome!

[DeathAngel]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

it can happen much earlier

$150,000 per BTC before 2023, I think & hope.
If we reach the halving at around about $10,000 per BTC then it’s only x 10 to reach $100,000 & we’ve seen that after each halving so far (at least).

[Walt Dyer]

https://imgur.com/a/MXXnNFk - Hi guys. I have never written anything here. This is my first post. But I have been trading since 2017. I wanted to share my charts.

[Bossian]

https://imgur.com/a/MXXnNFk - Hi guys. I have never written anything here. This is my first post. But I have been trading since 2017. I wanted to share my charts.

That is an ABC correction (zigzag), many have talked about it lately, you won't find much support on this forum though.

I cannot see clearly a specific date on your picture, but 5k (if it happens) is expected mid-2020 (more or less during the halving). I am not sure if the halving has been priced in already, but either it is priced in, or it won't be priced in before 2022-2023 period.

Welcome to the forum.

[jojo69]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.