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

[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.

[alevlaslo]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

[Hueristic]

for the record, now it's really over 9000

Funny story, there was a time in my life when I was laid up and couldn't reach a keyboard so I used emoji's to communicate.

[El duderino_]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

What people write when they reach all time high level of desperation....

[Hueristic]

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.

Well you can always just shoot a hole in the can for caliber but grain...

gotta sign off and checkout l8r Dudes and congrats on the Vegeta Day!

[VB1001]

https://twitter.com/BitcoinMemeHub/status/1217434041248555009

It is more profitable not to betray the badger.

edit: I like the badger with a hat.

[bitcoinPsycho]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

Your stupidity has no bounds    

[Murat]

~

I would not even mention/talk about this trash just like it doesn't exist at all.