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

[lightfoot]

https://twitter.com/TuurDemeester/status/1217464150617665538

Bitcoin Dev https://twitter.com/TamasBlummer

RIP

Someone should sequence his DNA and put it on the blockchain.

[1713419128]

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[1713419128]

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[1713419128]

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[Wire Overload]

Fake  

That’s very readable in the pic  

^^^

Yes, fake for sure,

but this looks quiete real:

Good morning, HODLers.




https://twitter.com/BXRekt

So let's go up for a while...

[LUCKMCFLY]

Stock-to-flow model.

"Stock to flow" does not apply to Ponzi scams.  I don't know if any of you noobs understand economics at all - and I wasn't there to personally witness the event or personally audit all the bookkeeping - but the great depression involved a liquidity deficit.  Some claim it was an engineered depression by the banks, others claim it's not; who knows, that doesn't matter for this discussion.  What matters is that if Bitcoin was actually the unit of account of anything (I.E. the world reserve currency and everything is priced in Bitcoin), the halving itself is a liquidity implosion similar to the great depression.

With Bitcoin not being the unit of account of anything it doesn't really matter because it just functions as a meaningless pump and dump scam, but if you actually tried to price everything in the world in Bitcoin it would be laughable. What type of "monetary system" do you know of where every vendor on the planet needs to massively adjust all their prices every four years?  None exists because anything with such stupid mechanics always dies because anything operating with such dynamics is a Ponzi scam.  The purpose of a monetary unit is to provide price stability, not be unstable by default.

In terms of having an actual functioning economic system, the 'halving' is a monetary crisis, not some sort of benefit.  The only people who view it as beneficial are pump and dump scammers hoping it allows them to make money off algorithmically designed, large volatility.  If Bitcoin was designed to actually be useful as a unit of account for something instead of a Ponzi scam, the block reward would be static eternally.  The government creators of Bitcoin who want it to function as a cashless society slavery system where everything you do is monitored in real-time knew it would be impossible to try and get anyone to use Bitcoin with an infinite, static block reward over metals, so they designed it as a get rich quick scheme, Ponzi scam to later be adjusted or replaced when it eventually fails due to having no use case beyond a pump and dump scam.

Thank you very much for your realr0ach point of view,

I respect his way of thinking about these scenarios, historically gold is always the best way out of the crisis, Bitcoin is undoubted protagonist today, in my case, I give much importance to both the investment and the refuge of the value that It represents, although many economists do not recommend it because it is volatile.

[rdbase]

looks like the SV pump has shot its bolt

glad I dumped near the top

Hopefully they transfer it into bitcoin?

Csw says he will sell off his holding and put it into bitcoin
I would take that to mean his own version of bitcoin B-SV.
Thus causing the pump up of his shitcoin hence the 100% rise in price.
The fomo craze ensued.

[OROBTC]

Stock-to-flow model.

"Stock to flow" does not apply to Ponzi scams.  I don't know if any of you noobs understand economics at all - and I wasn't there to personally witness the event or personally audit all the bookkeeping - but the great depression involved a liquidity deficit.  Some claim it was an engineered depression by the banks, others claim it's not; who knows, that doesn't matter for this discussion.  What matters is that if Bitcoin was actually the unit of account of anything (I.E. the world reserve currency and everything is priced in Bitcoin), the halving itself is a liquidity implosion similar to the great depression.

With Bitcoin not being the unit of account of anything it doesn't really matter because it just functions as a meaningless pump and dump scam, but if you actually tried to price everything in the world in Bitcoin it would be laughable. What type of "monetary system" do you know of where every vendor on the planet needs to massively adjust all their prices every four years?  None exists because anything with such stupid mechanics always dies because anything operating with such dynamics is a Ponzi scam.  The purpose of a monetary unit is to provide price stability, not be unstable by default.

In terms of having an actual functioning economic system, the 'halving' is a monetary crisis, not some sort of benefit.  The only people who view it as beneficial are pump and dump scammers hoping it allows them to make money off algorithmically designed, large volatility.  If Bitcoin was designed to actually be useful as a unit of account for something instead of a Ponzi scam, the block reward would be static eternally.  The government creators of Bitcoin who want it to function as a cashless society slavery system where everything you do is monitored in real-time knew it would be impossible to try and get anyone to use Bitcoin with an infinite, static block reward over metals, so they designed it as a get rich quick scheme, Ponzi scam to later be adjusted or replaced when it eventually fails due to having no use case beyond a pump and dump scam.

Thank you very much for your realr0ach point of view,

I respect his way of thinking about these scenarios, historically gold is always the best way out of the crisis, Bitcoin is undoubted protagonist today, in my case, I give much importance to both the investment and the refuge of the value that It represents, although many economists do not recommend it because it is volatile.

For those of us who can handle the volatility of BTC (and possible perceived risks of an investment/speculation we do not fully understand), BTC is a great piece of diversification.  

I hodl enough BTC so that if it moons in price, I benefit nicely.  But, I am not the kind of guy who likes putting too many single investment eggs into my basket.  Especially now that I am aging (older than most of you).

Do recall that anyone hodling ANY BTC already is way ahead of the game, as so few (6% of Americans?, though that seems way high to me) hodl any BTC.  Thus, should it moon (an excellent probability, IMO, of it doing so), only we 6% will be winners.  I do not need to be a #YugeWinner to be content with entering this arena (nor a #YugeLoser should BTC collapse).  My hodlings are enough to bring me a Big Smile should we exceed BTC's ATH.  Bring it.

As our European friend "el_duderino" has long written: "This is fine" and "This is HODL".

*   *   *

I still do not understand the antipathy of BTC hodlers to gold.  (Of course, you can see the opposite too, look zerohedge FUD-ers)

Gold and BTC are, in essence, both assets outside the $IMFS (our financial system).  But they are somewhat different in their price movements as well as their various other properties.  They are different "vectors" if you will.  That's why I like them both!  

Precious metals and BTC are natural and complementary allies.


Edited for clarity

[Searing]

looks like the SV pump has shot its bolt

glad I dumped near the top

Hopefully they transfer it into bitcoin?

Csw says he will sell off his holding and put it into bitcoin
I would take that to mean his own version of bitcoin B-SV.
Thus causing the pump up of his shitcoin hence the 100% rise in price.
The fomo craze ensued.

So say CW has the tulip trust kesy and 1.1 million BTC. According to the court 1/2 will go to the Klieman estate...so he now loses 50% control. Then you take taxes on the works at 15% (in usa on cap gains ..unsure of australia) he is 15% down further on his 1/2 of supposed tulip trust coins.

The Klieman Estate would be in the same boat, but I assume they would act towards BTC Core in a responsible manner.

I also can't see how CW could destroy BTC Core without the destruction of a lot of his new found 'supposed' weatlh. Thus I suspect if all this

horror happens to be true and he has tulip trust keys he will simply behave responsibly with the BTC core stuff...no matter how much he

wants to be the 'true' BTC. It is greed don't ya know. This way his meglomania if he did act responsibly would postion him as the individual in the

world with the most BTC/BCH/BSV with these legacy BTC addresses. He will simply have too much fun with this and his ego to burn half

of his above fortune to drive BTC Core and BCH out of existence. So if he did act responsibly he keeps all the BTC core value and his BSV

probabaly (shudder) would get to 1K ...so why f*ck with the economics of just talking the talk but leaving your massive fortune intact?

Of course, if CW has the keys, even if he can control his 'meglomania' to simply shouting how great he is and Satoshi garbage...we will be

hearing from this nut for years. I myself would kinda like him to sell all his BTC-Core bit by bit over time to BSV. I would take 10k out

in a loan just to take that BTC away from him. Again, I can not see the BTC Core Whales and others not pushing back on him. He is so

despised, at worst if he tried to sell in mass everyone would say 'good' and buy his BTC Core coins to make him less relevant.

Anyway, the above horror fiction can't be true. I suspect at worst...CW will show the judge some address with some of his early

mining BTC inside...at best...and say that it seems the tulip trust did not give him full access and only partial access to tulip trust..so

sad he will say and dump the BSV on the pump and walk away with even more $$$ that are not connected to the court ruling.

Anyway, as usual in HODL mode, worse case we have 4k BTC-Core coin till everyone like me gobbles it back up away from the CW nut.

[bitserve]

I still do not understand the antipathy of BTC hodlers to gold.  (Of course, you can see the opposite too, look zerohedge FUD-ers)

We do not have antipathy for gold. It's mostly because of r0ach that we don't want to hear any more about it. In fact, yes, I think I have developed a little antipathy for gold due to this.

But I still think its time as a safe asset for store of value is not over yet. And I reckon having some amount in gold would not hurt as it is another perfectly fine hedge asset.

[JSRAW]

Guys don't embarrass yourself by posting shitty confiq.

Pointing at 2 friendly fellas ..........

Edit : Even one of you deleted the post  

I thought I was using a good system 😉

Sorry bro our work department is different so its normal (don't blame yourself) and i would be very surprise if in this bitcointalk forum someone able to match my configurations unless s-he works in blizzard or pixar and i hope you believe me but i hate to say,  the only guy i think who can come close in "our beloved roachie" if he's true to his words...

[Elwar]

I just bought 100,000 of CW's imaginary coins.

On the fake exchange in my head.

For real gold.

[jojo69]

We've taken care of everything



the books you read



the songs you sing



the pictures that give pleasure to your eye

[OROBTC]

...

bitserve

I should have written "some" BTC hodlers.  Thank you for pointing out that many BTC-ers do not hate gold.

realr0ach writes what he writes because (I imagine) his experiences with BTC have not been good, and he no longer wants to speculate/invest in it.  Or he has changed his view due to circumstances.  Still he does like to poke BTC-ers in the eye with a stick (LOL).

Whatever, it's all good.  Need all types.  

[VB1001]

https://twitter.com/BitcoinMemeHub/status/1217262675262087168

[El duderino_]

^
Long time I’ve seen Jihan -wu..... also months that I just even hear his name .....

Proof of what’s not worth anything will go away....

[xhomerx10]

^
Long time I’ve seen Jihan -wu..... also months that I just even hear his name .....

Proof of what’s not worth anything will go away....

 I have nothing to say but I suddenly feel compelled to make a post

[VB1001]

^
Long time I’ve seen Jihan -wu..... also months that I just even hear his name .....

Proof of what’s not worth anything will go away....

 I have nothing to say but I suddenly feel compelled to make a post

You have seen the badger in the photo.

[infofront]

...

bitserve

I should have written "some" BTC hodlers.  Thank you for pointing out that many BTC-ers do not hate gold.

realr0ach writes what he writes because (I imagine) his experiences with BTC have not been good, and he no longer wants to speculate/invest in it.  Or he has changed his view due to circumstances.  Still he does like to poke BTC-ers in the eye with a stick (LOL).

Whatever, it's all good.  Need all types.  

You'll find the antipathy works both ways. Looks at all the zerohedge comments along the lines of "BTC is a scam. Just buy gold"

[jojo69]

never got that

gold is good, silver is good, quality machine tools and weapons are good, Bitcoin is good

land is...ok

everything else?  not so much

[LFC_Bitcoin]

never got that

gold is good, silver is good, quality machine tools and weapons are good, Bitcoin is good

land is...ok

everything else?  not so much

Pussy
Cocaine
Beer

[vapourminer]

LOL of the day:
Transacton with 3 BTC in fees fees:
https://blockchair.com/bitcoin/transaction/5e3bd1b8a159da89308ad4d97b9fce20345e64cd763ef282a22fea60361934a9

How is it possible this to happen in 2020?

CSW testing his algos?

[mindrust]

never got that

gold is good, silver is good, quality machine tools and weapons are good, Bitcoin is good

land is...ok

everything else?  not so much

Land is pretty crap actually.

If you can't hide it from the government, it is a bad investment. You can hide bitcoin pretty well if you didn't make any mistakes. Gold is a bit tricky since it takes physical space but still doable.

You can't buy land without letting the government know about it and if they know about it, they can tax you for owning it.

Investing in Real estate&Land only makes sense when you get so rich and have so many hidden wealth, you wouldn't care if the government seize all your known assets.