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

[Last of the V8s]

Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions:

1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.

I don't get it, why is this a bad thing?  Aren't derivatives commonly set up for volatile assets?  If institutional investors focus on derivative markets is that bad for bitcoin?

Some of the guys went some way to responding to this in the subsequent posts here, and then Jack Mallers on Twitter makes a better fist of it than I can:

1/ @Melt_Dem, I respectfully disagree. This is incorrect.

Yes, derivatives do help market efficiency and general price discovery.

However, no, of course they do not affect basic supply and demand.

But really there's also a point here about being all mature, hyper-male perhaps, grown-up and shit by arguing the content, the points made by one's foes and not reducing to ad-homs and other 'ugliness'.

No, fuck that. There's a war on and the meltdems are the fucking enemy. Everything they say is designed to denigrate bitcoin and its supporters, and all their soi-disant arguments should be dismissed out of hand as miserable propaganda.

[VB1001]

^
They fear the beast and their way of preventing it from growing is to put many traps and mined fields on the road.
The next few years will be hard, but we will get it.

[Last of the V8s]

^
They fear the beast and their way of preventing it from growing is to put many traps and mined fields on the road.
The next few years will be hard, but we will get it.

Yes I agree they are afraid. Good. One could say, "Their goose is nearly cooked".
In other things I'm no expert at: demonstrations and the like; the move by the Hong Kongers to have a Christmas truce with their soi-disant 'police force' seems brilliant, reminiscent of course of the equally matched enemies of the Great War stopping to play football on this day.

[VB1001]

Although the majority of the population does not see it or does not want to see it, they have ruined the world with a debt that will never be paid.

They are bad managers of money that is not their property and will cause a partial or total reset of the global debt to start over with the FIAT scam

Another better built solution is that your system is Bitcoin and this hurts, time is running in our favor and more people come to Bitcoin, more people equals more difficulty to ban BTC.

We will also set truce days.

[mindrust]

No amount of derivatives paper bitcoins or whatever the fuck you call them can stop an army people who DCA the shit out of bitcoin. (why? limited supply babe)

And bitcoin has a big army of DCA'ers.

I was going to type something similar to Jack's post but then...

Fuck this bitch. I wonder what makes her an expert about crypto. Another self-claimed bitcoin expert?

That's what I like about bitcoin anyway.

It always shits on clueless morons. Never misses.

I went full berserk because they don't deserve anything better.

[VB1001]

It's my second Christmas at WO, glad to continue here.

HO, HO, Hodlllllllllllllllllllllllllllllllllll

Family duties claim me, see you later.

[Globb0]

Ho Ho Hoes

[Last of the V8s]

I'm going senile. There I am writing in a thread about merit whoring being nice to people, yet seem to have forgotten for some days that people were giving me merits and especially that I can give them out again. Sorry lol and thanks, now fixed.

[d_eddie]

** MERRY CHRISTMAS TO ALL WO SIBLINGS! **

And greetings to non siblings too (r0ach, gembits, cryptopians, etc.). Additional greetings if they stop pissing in our pool!

[LFC_Bitcoin]

Merry Xmas my now extended family. Have a great day with your loved one’s, cherish these occasions whilst you can. Have an amazing time before we pick up our long term, moon bound mission after the festivities.  

[gentlemand]

I'm spending Christmas on my own here.



And I'm attacking anyone who comes near me. Fuck Santa.

[d_eddie]

"The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." -- Satoshi Nakamoto

Yeah, right, show me any currency that "gravitate toward the production cost".

A currency is generally backed by a police force and an army, so it doesn't match the definition for a commodity.

[Icygreen]

The night before crypto christmas by lil bubble
Well done.
https://smarturl.it/bubblexmas

Edit: the whole collection
https://twitter.com/TheCryptoBubble/status/1209698055810797568

[Paashaas]

Merry Christmas everyone!

[realr0ach]

Merry Christmas everyone!

[fillippone]

Merry Christmas everyone!

I like the image very much, but there is a typo: “hold” is actually spelt “hodl”

[xhomerx10]

I'm spending Christmas on my own here.



And I'm attacking anyone who comes near me. Fuck Santa.

 Be careful out there.  Merry Christmas

[JimboToronto]

Merry Xmas and peace on earth to all Bitcoiners, bulls and bears alike.



May your dreams be merry and bright and may all your hodlings be Bitcoin. Lump of coal to all shitcoiners.

Sideways is reassuring on this fine Xmas morning... currently $7200USD/$9480CAD (Bitcoinaverage).

Enjoy your excess of rich foods and beverages.

Life is good. Thank you Bitcoin.

[goldkingcoiner]

Merry Christmas, WO!!!


May all your wallets be full!

[sirazimuth]

I'm spending Christmas on my own here.



And I'm attacking anyone who comes near me. Fuck Santa.

Well give us the bloody phone#  mate!

I'll give you a ring and sing you a lovely "Silent Night" to warm your cockles...