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

[BayAreaCoins]

I lost all my play money at the tables this week and have to be all responsible and shit till the end of the quarter.

Buy buy buy!!!!! 

[bitserve]

Ouch... Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.

- stocks go down
- dollar becomes stronger
- Fed prints dollars
- stocks go up
- a bubble pops
- stocks go down
- dollar becomes strong
- Fed prints dollars
- stocks go up
- etc.

Apparently they can just keep doing this forever, and the cycle will continue forever... I'm not wrong until proven otherwise. The dollar is the worst form of currency except for all of the others, BTC included.

The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.

Totally agree.

Bitcoin hasn't experienced a big market sell-off yet as it was born after the last one. So we don't really know how it would react but the most probable scenario is what you are saying. At least on the first stages of a financial crash, maybe it would recover faster than other assets though.

Let's just hope we don't have to experience that any time soon.

[STT]

If it wasn't for this thread I would have never seen this killer movie!

Truely this would be an injustice.   A fine documentary first written by Hunter S. Thompson and then Terry Gilliam of the Monty Pythons.   Somehow Thompson was a viable candidate for Sheriff at one point I read, extensive firearms experience is a qualification I guess.

https://www.youtube.com/watch?v=etYed15hjiM  https://en.wikipedia.org/wiki/The_Battle_of_Aspen

- dollar becomes strong

Thats where its unlikely to continue as its a developing situation we cant expect every iteration to be a repeat, more of an expanding spiral.   Japan is further down the yellow brick road but also a variation on the theme, the main reason its held together this long is via usage of pension funds especially government as forced buyers into QE programs.   Its not what I would call a strong dollar more that every other currency does not want to be the nail that sticks out and catches the hammer, e.g. Swiss francs are now backed by Apple shares as an asset.    Formerly a gold standard upto 20 years ago, we live in interesting times.



I meant to do this on Bitstamp graph but it dont matter too much when its just a rough idea.  Bullish when we are no longer so orderly filing downward.

[sirazimuth]

..... violent winds rip from my anus, with the staff's blessings, makes me feel unbelievably alive.

Nothing better than that first major fart you let loose after a scoping, but I digress...

 For me the worst part came afterward.  I could not expel the air they had used to distend my bowel and I had quite a bit of discomfort.  .......I still had all the gas I started with. .....
............

Now it's fart talk...gotta love the wo....

[Biodom]

a-hole is the first thing that forms during human embryonic development [in scientific terms it is called a primary blastopore].

[HI-TEC99]

..... violent winds rip from my anus, with the staff's blessings, makes me feel unbelievably alive.

Nothing better than that first major fart you let loose after a scoping, but I digress...

 For me the worst part came afterward.  I could not expel the air they had used to distend my bowel and I had quite a bit of discomfort.  .......I still had all the gas I started with. .....
............

Now it's fart talk...gotta love the wo....

Apparently they don't smell as bad if you light them.

[Hueristic]

Truely this would be an injustice.   A fine documentary first written by Hunter S. Thompson and then Terry Gilliam of the Monty Pythons.   Somehow Thompson was a viable candidate for Sheriff at one point I read, extensive firearms experience is a qualification I guess.

https://www.youtube.com/watch?v=etYed15hjiM  https://en.wikipedia.org/wiki/The_Battle_of_Aspen

That was fucking funny ass shit, actually it may be the only time I've ever laughed when Conan was involved.

[jojo69]

Apparently they don't smell as bad if you light them.

[lightfoot]

That was fucking funny ass shit, actually it may be the only time I've ever laughed when Conan was involved.

Hunter is one of those people I really aspire to be like....

[LUCKMCFLY]

Halle Berry, This beautiful girl advocates Bitcoin for her movies ...

“Let’s say Crypto and Bitcoin rather than money or cash”.

Source: https://blockchainnews.report/2019/12/halle-berry-to-advocate-bitcoin-for-her-movies/

I see her as sexier with those statements ...

[realr0ach]

have a pleasant evening and please stay away from chart watching

[VB1001]

See that today we continue with the comments and anecdotes of the exhaust pipe, WO is leveling up...

I also have the impression that last year on the same dates we were less, but there was more activity in the thread.
Something is happening, the most positive thing I have seen since yesterday are the Hairy graphics, now I would also like to see the Toxic Ishimoku,
I hope it comes back soon.

[Paashaas]

Hashrate derivatives coming to Bitcoin.

London-based DAG Global, which pitches itself as a cryptocurrency merchant bank, said miners were showing strong interest in the firm’s products for hedging hashrates.

“As the hashrate changes, you can go from being profitable to losing money very quickly,” said Robert Andersen, who leads DAG’s digital asset sales. “The contract insures you against that. It’s like insurance, and for that you pay a premium.”

[fillippone]

Hashrate derivatives coming to Bitcoin.

London-based DAG Global, which pitches itself as a cryptocurrency merchant bank, said miners were showing strong interest in the firm’s products for hedging hashrates.

“As the hashrate changes, you can go from being profitable to losing money very quickly,” said Robert Andersen, who leads DAG’s digital asset sales. “The contract insures you against that. It’s like insurance, and for that you pay a premium.”

I don’t want to be too technical here, but pricing a derivatives means you can buy and sell the underlying asset (the deriverive’s “object”).
Can you buy and sell “hashrate”?
No.
Hence I figure how these “derivatives” will be priced.
Badly I suppose. Hence “overpriced”.

[VB1001]

Bitcoin critics:

2011: Bitcoin $100? Impossible
2012: Bitcoin $1,000? Impossible
2015: Bitcoin $10,000? Impossible
2018: Bitcoin $100,000? Impossible
2021: Bitcoin $1,000,000? Impossible

https://twitter.com/danheld/status/1205487693184016386



Coming out of the hole.

[nutildah]

Now that we're in the vortex, you wanna quit?

Fucking LOLing over here. Bravo. Have a great weekend.

Thanks Bob, you too.

Having just watched a clip of that scene makes me want to rewatch the whole thing. I've probably seen it 5 times but am due for another viewing.

For those missing the context:

https://www.youtube.com/watch?v=gP8_w1J5raY

If it wasn't for this thread I would have never seen this killer movie!

Glad you went and watched it... Its one of my faves, probably in my Top 10. So many great quotes. The way they trash their hotel rooms is epic.

Just for fun, I read all about adrenochrome last night... Its basically a form of adrenaline and doesn't actually have psychedelic properties.

Would you believe that Mark Harmon, Penn Gillette, Cameron Diaz and a young Tobey Macguire were all in that movie? I didn't realize it was them until I looked at the credits on IMDB.

[Cryptotourist]

I catch up last page and read about bum scanning.... ah yes...gotta love the WO.........

Excuse me sir - how dare you - WO is all about observing, scanning, tanning, & hurting (or not), any given butt-hole.

#

a-hole is the first thing that forms during human embryonic development [in scientific terms it is called a primary blastopore].

Armed with this knowledge, everything makes total sense.

[AlcoHoDL]

Will Craig Wright use his "exploit" to take down Bitcoin (BTC) by end of 2019?

"Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?"

https://youtu.be/4TOnHAlI_Vg

WTF? I hope it's just Craig Wright talking out of his ass...

I think it's just the usual CSW fear-spreading ego-bullshit. Anyway, there's only two weeks left to prove his claim, after which he sinks deeper into the hole he's in.

Edit: From his website: "Creator of Bitcoin – Satoshi Nakamoto. Eternal student & researcher. nChain Chief Scientist. Lawyer, banker, economist, pastor (), coder, investor, mathematician, stats & world curious. My opinions are my own."

[efialtis]

Hey guys,

just wanted to introduce myself - proud to be part of the hat gang now!

How do you like my new hat?!   May the Greek Gods be with us on our journey to the moon!  

Big big thanks to @xhomerx10, I am loving it man!

[Last of the V8s]

Wotcher.