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

[mindrust]

I was staring at my DCA chart as I always do everyday , I realized, since 2016, I doubled my BTC amount every year. 

I can only double one more time that's if I go all in. 

[skysblu]

https://www.blockchain.com/btc/tx/e1e33b186665bd04dda658d8c3af0a215a817a2c0e8b72a0f3e44233b7a73705

AlcoHoDL winnings sent!

Waiting on ivomm for address!

Received & confirmed with thanks!

Message to r0ach:

LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.

I wish I had some merit for this post. One of the best I have read and If you don't mind I'd like to pass it on to some people?

Well now we have the specific amount and an approximate timescale. I think we can search your puny transparent ledger and find out lots more about you

if he's really privacy centric he will use wassabi or chipmixer which will make all analysis fruitless

[P_Shep]

https://www.blockchain.com/btc/tx/e1e33b186665bd04dda658d8c3af0a215a817a2c0e8b72a0f3e44233b7a73705

AlcoHoDL winnings sent!

Waiting on ivomm for address!

Received & confirmed with thanks!

Message to r0ach:

LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.

I wish I had some merit for this post. One of the best I have read and If you don't mind I'd like to pass it on to some people?

Merited on your behalf.

[realr0ach]

JayJuanGoyim, physical metals never stopped being the base of the economic system.  Even Max Keiser the #1 Bitcoin shill admits it.  All that really happened is some people were fooled into accepting imaginary coupons, timestamps, or paper for payment instead of metals.  It's just a situation where anyone holding things like paper or timestamps is swimming naked and think they have money but they have nothing and are walking dead broke.  'Swimming naked' works for a while until it doesn't.

[skysblu]

JayJuanGoyim, physical metals never stopped being the base of the economic system.  Even Max Keiser the #1 Bitcoin shill admits it.  All that really happened is some people were fooled into accepting imaginary coupons, timestamps, or paper for payment instead of metals.  It's just a situation where anyone holding things like paper or timestamps is swimming naked and think they have money but they have nothing and are walking dead broke.  'Swimming naked' works for a while until it doesn't.

mate, physical metals will become near worthless when asteroid mining becomes a thing, maths and bitcoin will NEVER become worthless

[AlcoHoDL]

https://www.blockchain.com/btc/tx/e1e33b186665bd04dda658d8c3af0a215a817a2c0e8b72a0f3e44233b7a73705

AlcoHoDL winnings sent!

Waiting on ivomm for address!

Received & confirmed with thanks!

Message to r0ach:

LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.

I wish I had some merit for this post. One of the best I have read and If you don't mind I'd like to pass it on to some people?

Thanks, of course you can share with anyone. I hope it helps people realise how BIG this stuff really is.

Also thx to P_Shep!

[ivomm]

OK!
After talking about this privately with a couple of high ranking WO’s we declare ivomm as the winner.

Please PM me a bitcoin address.

(I meant $9000 hence the Vegeta meme - sorry about the ‘over’ confusion/technicality)

Edit - Just saw this

Congratulations to the Vegeta meme winner!
Missed you both by a fucking second.

Now if we look closely, AlcoHoDL's Bitstamp screenshot is a few seconds earlier that ivomm's.
That's because ivomm edited the Vegeta post to add the Bitstamp screenshot after he posted the Vegeta.

I was thinking about that tbh. Whether I should do the same or not.
I'm not trying to say ivomm did something wrong, I'm just stating the facts, cos LFC asked for a clear picture.
For myself they are both winners.

AlcoHoDL - Also winner - Please PM with address.
I can’t decide or split you!

I received the bitcoins! Thank you very much! Cheers!

[realr0ach]

Message to r0ach:

LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.

Standard lying scammer or idiot post.  You can't even use the internet itself without "intermediaries", so your statement was already garbage out of the gate, and Bitcoin just adds even more rent seeking middlemen and intermedaries on top of that in the form of centralized transaction validators, nodes, and everything else.  We won't even touch upon the centralized 'development' aka dictator, while physical metals have no need of a 'developer' aka dictator.  If it was 'decentralized' there would be no developer at all.

Secondly, you did not receive any money because money is required to be a physical commodity resource.  Claiming something is 'good' because it can be sent over a telephone line is a joke.  He could have just as easily sent you an email.  Is an email 'money'?  No.  Neither is a Bitcoin.  It's just a worthless timestamp.  How many commodities do you know of that can be sent over telephone lines?  None.  People lie and claim Bitcoin is a commodity when it's obviously not.

Money is required to be both fungible and a commodity.  Bitcoin is neither.  You can look at it as a system of control designed to track and monitor anyone who uses it, or valueless timestamps, or an extremely primitive video game, but that's about it.  Nothing about it correlates to anything in the realm of commodities or money.  It can be a currency since all currencies are Keynesian scams based on artificial scarcity that start at a value of zero and inevitably return there, but that's about it.

[skysblu]

Message to r0ach:

LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.

Standard lying scammer or idiot post.  You can't even use the internet itself without "intermediaries", so your statement was already garbage out of the gate, and Bitcoin just adds even more rent seeking middlemen and intermedaries on top of that in the form of centralized transaction validators, nodes, and everything else.  We won't even touch upon the centralized 'development' aka dictator, while physical metals have no need of a 'developer' aka dictator.  If it was 'decentralized' there would be no developer at all.

Secondly, you did not receive any money because money is required to be a physical commodity resource.  Claiming something is 'good' because it can be sent over a telephone line is a joke.  He could have just as easily sent you an email.  Is an email 'money'?  No.  Neither is a Bitcoin.  It's just a worthless timestamp.  How many commodities do you know of that can be sent over telephone lines?  None.  People lie and claim Bitcoin is a commodity when it's obviously not.

Money is required to be both fungible and a commodity.  Bitcoin is neither.  You can look at it as a system of control designed to track and monitor anyone who uses it, or valueless timestamps, or an extremely primitive video game, but that's about it.  Nothing about it correlates to anything in the realm of commodities or money.  It can be a currency since all currencies are Keynesian scams based on artificial scarcity that start at a value of zero and inevitably return there, but that's about it.

what are you doing in this forum wasting your time?

[sirazimuth]

It’s part of the furniture.

[bitcoinPsycho]

Its part of the furniture.

The toilet

[jojo69]

1000 OZ [of Ag] fits in an ammo can

except that must suck when you think its full of ammo and its got more or less useless silver instead. unless youre defending against werewolves and such?

or the rounds are delivery vehicles for Au. hmmm. new way to transport silver... via ballistic trajectory to the destination. well near it anyway.

Sucks just as bad when what you need is a can of 7.62x39 and you open up to a can of 5.56.

Color coding of cans for quick identification is highly recommended.


Congratulations to our winners!  As a past 1/2 of a double win I can attest that LFC is one class act.

[realr0ach]

Message to r0ach:

LFC_Bitcoin just sent me 0.00587140 BTC (the equivalent of around $50). He doesn't know who I am. I don't know who he is. We did not have to register to any site or server. No one, I repeat, NO ONE, could stop this transaction from happening. Even if one miner refused to confirm it for some reason, there are thousands more who would. There were no intermediaries. No company or bank to allow or deny it. He cannot take it back. No one can. He was the sole owner of that amount. He transferred ownership to me. Now I am the sole owner of that amount. He did this from (probably) thousands of miles away from me. He did not have to send anything by mail. It happened over the air. Electronically. It took less than half an hour. It cost less than $0.40. It will stay in the Blockchain forever. That's Bitcoin.

Standard lying scammer or idiot post.  You can't even use the internet itself without "intermediaries", so your statement was already garbage out of the gate, and Bitcoin just adds even more rent seeking middlemen and intermedaries on top of that in the form of centralized transaction validators, nodes, and everything else.  We won't even touch upon the centralized 'development' aka dictator, while physical metals have no need of a 'developer' aka dictator.  If it was 'decentralized' there would be no developer at all.

Secondly, you did not receive any money because money is required to be a physical commodity resource.  Claiming something is 'good' because it can be sent over a telephone line is a joke.  He could have just as easily sent you an email.  Is an email 'money'?  No.  Neither is a Bitcoin.  It's just a worthless timestamp.  How many commodities do you know of that can be sent over telephone lines?  None.  People lie and claim Bitcoin is a commodity when it's obviously not.

Money is required to be both fungible and a commodity.  Bitcoin is neither.  You can look at it as a system of control designed to track and monitor anyone who uses it, or valueless timestamps, or an extremely primitive video game, but that's about it.  Nothing about it correlates to anything in the realm of commodities or money.  It can be a currency since all currencies are Keynesian scams based on artificial scarcity that start at a value of zero and inevitably return there, but that's about it.

what are you doing in this forum wasting your time?

Why are you scared of your lies and scams being exposed?  Afraid Bitcoin has zero fundamentals with zero chance of defeating physical metals?

[skysblu]

New bitwise survey. It's nice to see that less people think it's a bubble or a scam, but at the same time more people want regulation which essentially is kinda against idea of bitcoin, like what the hell...

Source

[gentlemand]

New bitwise survey. It's nice to see that less people think it's a bubble or a scam, but at the same time more people want regulation which essentially is kinda against idea of bitcoin, like what the hell...

That doesn't imply they want it. I presume most mean it's the lack of clarity or status that concerns them. That's a sensible reason not to go mad with it if that's your bag.

[Paashaas]

Bitcoin Halving — Everything You Need to Know.

The first Bitcoin Halving spurred 13,378% growth in Bitcoin’s price whereas the second Bitcoin Halving spurred a 12,160% rally.

A 12,160% rally from Bitcoin’s mid-December 2018 bear market bottom of $3,150 would result in a ~$385,000 Bitcoin.

By the same token a 13,378% rally would lead to a ~$425,000 Bitcoin.

A $385,000 Bitcoin is very interesting because that would mean that Bitcoin’s Market Cap (i.e. $189 billion as of this writing) will have eclipsed the current Market Cap of Gold (i.e. $7.8 trillion).

This occurrence would truly cement Bitcoin’s status as a “Digital Gold.”

[Globb0]

OK another problem Meme, I have fixed for you guys.....    

lol, this is quite inaccurate, buying crypto for me changes walking on a rope in mad heights to walking on a wood plank 1 meter from the ground

[skysblu]

Bitcoin Halving — Everything You Need to Know.

The first Bitcoin Halving spurred 13,378% growth in Bitcoin’s price whereas the second Bitcoin Halving spurred a 12,160% rally.

A 12,160% rally from Bitcoin’s mid-December 2018 bear market bottom of $3,150 would result in a ~$385,000 Bitcoin.

By the same token a 13,378% rally would lead to a ~$425,000 Bitcoin.

A $385,000 Bitcoin is very interesting because that would mean that Bitcoin’s Market Cap (i.e. $189 billion as of this writing) will have eclipsed the current Market Cap of Gold (i.e. $7.8 trillion).

This occurrence would truly cement Bitcoin’s status as a “Digital Gold.”

market cap of gold is much bigger at the moment as far as I know, besides that the price won't pump nearly as much after this halving as it did after previous ones as the economic mass is much bigger. It's the same as filling up a cup of water which can be relatively easy done with a tap and trying to fill up a pool of water from a tap, much much slower. Same with bitcoin, 400 k price will come,  but it will take long.

[fillippone]

Bitcoin Halving — Everything You Need to Know.

The first Bitcoin Halving spurred 13,378% growth in Bitcoin’s price whereas the second Bitcoin Halving spurred a 12,160% rally.

A 12,160% rally from Bitcoin’s mid-December 2018 bear market bottom of $3,150 would result in a ~$385,000 Bitcoin.

By the same token a 13,378% rally would lead to a ~$425,000 Bitcoin.

A $385,000 Bitcoin is very interesting because that would mean that Bitcoin’s Market Cap (i.e. $189 billion as of this writing) will have eclipsed the current Market Cap of Gold (i.e. $7.8 trillion).

This occurrence would truly cement Bitcoin’s status as a “Digital Gold.”

This medium article is crap.
Iy does explain how something happened, but not why this happened.
As it don't explain why it happened I don't know anything if it is going to happen again.
It's like driving on a mountain road and saying: mhh I had a 180 turn 4 km ago, and a 150 turn 2 km ago, so probably I am going to turn 120 degrees now.
(Yes, I like comparing AT to driving looking at the rearview mirror).

I prefer a sound model.
A sound model in my opinion is the S2M model (Stock To Flow Model: Modeling Bitcoin's Value with Scarcity) (warning Roachie triggered here)

A model tries to explain the reality, not only describe it.
Of course it is a model, and you have to take care: models abide to reality, not the other way round. So take care when trading on models.

[Hueristic]

Just noticed Hueristic is for the first time wearing his cap, in need for enhanced situation

I kinda like the WO Retro look.