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

[JimboToronto]

Would you please stop saying Boomers built the internet? Seriously, the net they were building was 100% statist crap that would make you suck the dick of AT&T every morning in order for it to work at all. It was pure garbage.

Sounds like you prefer PRISM controlled data-mining sites like Instacrap, Twit-ter, Fussbook, etc.

Enjoy your centralization.
___

BTW, I wasn't even talking about content. I was talking about the actual nuts and bolts of the internet. Microprocessors, TCP/IP, HTML, etc.

Many younger users have no idea what's going on in their devices. It's like drivers who have to call a mechanic to change their oil.  

[1713531050]

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[1713531050]

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[JayJuanGee]

Even though real demand fell off a cliff quite a few years ago. Americans and much of the world citizens are completely tapped out, from all the personal household debt, student loan debt, and lack of income growth. They can't consume any more stuff. And they are starting to not even desire any more stuff, willing to live and be happy with less.

Yeah, nobody needs a faster computer or better smartphone these days.

Tech companies saw this years ago, and desperately tried to invent new types of products: smart watches, fitness trackers, VR... but nobody needs this shit.

Now they're trying foldable smartphones, ha!

Exactly. Not only that, but as a prerequisite to buying more stuff (e.g., furniture, household accessories, pictures/paintings, collectibles, etc.) you need somewhere to put all that stuff, i.e. a sizeable house like people their age bought back in the early 2000's. But with house prices doubling in just the last 5 years, young and middle-aged people can't even afford a nice/big house any longer. So they settle with a small apartment, where space is limited. Likewise many retirees are downsizing or have already downsized. People have cut waay back on buying more of everything: new clothes, new gadgets, new jewelry, new household items, new cars, etc.

It could literally be another decade or two before people start buying stuff again, but that would be predicated on income growth actually moving up again. Don't see that happening any time soon either.

With such rapid climate changes, it is best to collect money not for a big house, but for a ticket to another planet

That's not going to happen in our life times... going to another planet is likely suicide for any of the first ones to depart... and might even take a generation or two to figure out both how to do it and to make it work.. if that is even possible.  Better scenario is to figure out a way to make this one work, and there is a lot of resources in this place.. probably could reasonably support more than triple the current population with some smarts..

[lightfoot]

Sounds like you prefer PRISM controlled data-mining sites like Instacrap, Twit-ter, Fussbook, etc.

Enjoy your centralization.
___

BTW, I wasn't even talking about content. I was talking about the actual nuts and bolts of the internet. Microprocessors, TCP/IP, HTML, etc.

That's what I was talking about. The internet was decentralized in the beginning, we all thought we were building an amazing tool to bring truth and light to the world.

I look at what happened and I feel like I really understand Hunter Thompson's monolog in Fear and Loathing:

Strange memories on this nervous night in Las Vegas. Five years later? Six? It seems like a lifetime, or at least a Main Era—the kind of peak that never comes again. San Francisco in the middle sixties was a very special time and place to be a part of. Maybe it meant something. Maybe not, in the long run . . . but no explanation, no mix of words or music or memories can touch that sense of knowing that you were there and alive in that corner of time and the world. Whatever it meant. . . .

History is hard to know, because of all the hired bullshit, but even without being sure of “history” it seems entirely reasonable to think that every now and then the energy of a whole generation comes to a head in a long fine flash, for reasons that nobody really understands at the time—and which never explain, in retrospect, what actually happened.

...

There was madness in any direction, at any hour. If not across the Bay, then up the Golden Gate or down 101 to Los Altos or La Honda. . . . You could strike sparks anywhere. There was a fantastic universal sense that whatever we were doing was right, that we were winning. . . .

And that, I think, was the handle—that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting—on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave. . . .

So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke and rolled back.”


Pretty much. I fought the fight on the side of what I thought was good and we lost. Lost to the fucking penny paper mentality of 100 years ago...

Crap.

[rolling]

Enough with the generation wars. They are not even a real thing, they were created by marketing firms to generalize groups of people.

The children born after WWII were numerous, which allowed for a lot of productivity gains around the world. They built the nuts and bolts of the world we live in.

Their children expanded on the nuts and bolts and made them more useful in day to day life.

Their grandchildren use the devices and technology that their parents and grandparents created and we've yet to see what their impact will be.

[Biodom]

Am I the only dweeb who is still mining in some fashion or another to gain more coins? I keep trying to day trade this shitcoins against tether and then against Bitcoin to get the most Bitcoin, it's endless.

Never mined myself but whatever works, man. If it’s helping your BTC stash grow then keep going.

Good luck  

mining is like slowly buying, but fixed costs are high (miners are expensive).
At best, breakeven nowadays all things considered.

BTW, I think that btc is currently faking it (the bull run). Hoping for not lower than 8200.
How do I know? We got three super good news affecting more than a billion people, potentially, and all we got was a lousy 200 points or so.

[bkbirge]

We were all just half-joking about this yesterday or the day before, apparently a real concern...
https://news.yahoo.com/cash-could-spreading-coronavirus-warns-154003480.html

"We know that money changes hands frequently and can pick up all sorts of bacteria and viruses and things like that," a WHO representative told The Telegraph. "We would advise people to wash their hands after handling banknotes and avoid touching their face."

[Arriemoller]

If you're not on the verge of death, there's no need to go to a hospital.

Fix a broken bone or whatever...

Most of the time going to the hospital is worse for you than staying home and taking care of yourself.

wait till youre a boomer with a 15 page med list, 14 specialist MDs, a list of conditions and operations, some so cutting edge that they have been published.

without regular labs and MD visits.. well thats life support for some of us.

@Ibian, youre welcome.  well no, thats a lie.

No way I would burden myself, my insurance company, and by proxy, every other person's premiums, or society in general if I had those kind of problems. I'll just have to let life (or death) run it's course when I get that far gone. You know, take it like a man, instead of living on life support.

Boomers have been fucking over everyone else for more than 50 years.  Why stop now.  

I've been gone six months or so from the thread and you're still mr.millenial over here, what a shame.

So do you have any arguments? Have, in fact, boomers NOT been fucking over everyone for more than 50 years? What is your position on this matter?

Ibian, sometimes you are just extremely tiresome.

hashtag notanargument

So so tiresome.

[goldkingcoiner]

We were all just half-joking about this yesterday or the day before, apparently a real concern...
https://news.yahoo.com/cash-could-spreading-coronavirus-warns-154003480.html

"We know that money changes hands frequently and can pick up all sorts of bacteria and viruses and things like that," a WHO representative told The Telegraph. "We would advise people to wash their hands after handling banknotes and avoid touching their face."

Holy crap.

This proves it. The things that I say come true....

And thus, I spoke and everyone gave me all their Bitcoins...349wnPmEBJGkVeqtBBnPqJbS6azVHEHB2G

[JayJuanGee]

Think we are at a bottom. Sell orders have not been increasing and are in fact decreasing slightly.

maybe. room for lots of panic in the market still.

i slurped some corn up during this but still have some reserve if it keeps going south.

I still have buy orders that go down to about $3k, but I really feel that I might need to readjust if BTC prices were to go below $5,500.

Of course, even sub-$6,424 is beginning to seem less likely to happen or at least that the odds are starting to seem to be that the most recent local correction of $6,424 "bottom is in"

When BTC prices go above $15k or so, it seems likely that some of that sub $6,424 money could be taken completely off of the table... .perhaps?

Offtopic... Observing $8562. This is bullshit! 

Yeah I'm not liking it. I thought we had finished with all this bullshit. Apparently not.

Hodler's wealth is build on traders stop losses. Let them lose their money. I feel sorry for them, but there is no other way. It is another gift to buy at these levels. Next week I will buy moar. I am going to replace the credit card limit with a loan which has 3x less interest, thus getting $5555 for the same monthly 50 euro payments. Waiting for a call from the bank to finalize the documents...  

Wow!!!!!   It might work for you, but surely seems a bit dangerous to be leveraging like that....

[nutildah]

Congrats on the cessation of the whoring out of your reputation for a few miserable shekels.

Thanks, coming from you, that means... well, it means you typed some words on a keyboard.

I just don't have to wear the avatar anymore, which makes it the same as not being a whore at all, for WO purposes.

[nutildah]

Hate to break it to you but Jeff (Big Lebowski) Bridges was born in 1949, totally Boomer.

Perhaps you should replace him with a picture of Kim Kardashian, born in 1980, totally Generation X.

 

I don't know if this is the exact definition but I consider Gen X to be people born to parents before the boomers. If someone is the child of a boomer, they are technically a Millenial.

Generation X (or Gen X for short) is the demographic cohort following the baby boomers and preceding the Millennials. Researchers and popular media typically use birth years around 1965 to 1980 to define Generation Xers, although some sources use birth years beginning as early as 1960 and ending somewhere from 1977 to 1984.

https://en.wikipedia.org/wiki/Generation_X

[Lambie Slayer]

Children are barely affected by this. Most have little to no symptoms and not a single death for the 9 and under group. Thats why canceling schools is just panic and hysteria.

Unh, ... yeah, ... I dunno.

In my experience, schoolchildren typically live in close contact with parents and other older peeps. Like, you know, for the 18 hours a day that they are not at the communicable contamination centers.

"Sacrifice your grandparents for education"?
"Ruin the health care system by sending your kids to school, so you can continue to work"?

The extremely elderly should stay away from everyone for their own safety till this blows over. Pretty much what a lot of very old people do anyway. https://www.studyfinds.org/lonely-lives-alarming-number-of-seniors-go-entire-week-without-talking-to-anyone/

We should cancel mandatory government schooling permanently but not bc they will die of the plague but bc goverments suck at everything including schooling kids in a prison type environment that makes them want to shoot the place up.  

[Tash]

We were all just half-joking about this yesterday or the day before, apparently a real concern...
https://news.yahoo.com/cash-could-spreading-coronavirus-warns-154003480.html

"We know that money changes hands frequently and can pick up all sorts of bacteria and viruses and things like that," a WHO representative told The Telegraph. "We would advise people to wash their hands after handling banknotes and avoid touching their face."

Viruses spread easy with something lots of people touch, like touch-screens. They are everywhere like ticket-machines, self-service checkouts, cash deposit machines and restaurants like Mc Donald's... They also dry and a bit warm so bit closer to Virus optimal temperature.
Quick lets move fingers all over the screen and order triple dose, one Common Cold plus Flu and some SARS-CoV-2 oh maybe a dose of feces as side dish as well.
https://metro.co.uk/2018/11/28/poo-found-on-every-mcdonalds-touchscreen-tested-8178486/
and most important
https://gfycat.com/delightfulunhappyaracari-facepalm-corona-funny-edit-wow-wtf-omg-lol

[jbreher]

Congrats on the cessation of the whoring out of your reputation for a few miserable shekels.

I just don't have to wear the avatar anymore, which makes it the same as not being a whore at all...

I think that latter bit is pretty much for what I was congratulating you.

[JayJuanGee]

How many here are into stocks anyway? I never had the means pre-bitcoin but also no interest, especially now.

My bitcoin investment came into about parity with my stocks in around early 2017, and it is not like I was investing more into BTC, but my bitcoin investment has remained considerably higher than my stock investment since passing it up around that time.  Probably at some point it got to nearly 10x... yet probably now it is around 5x-ish?...   So, of course there remains some interest in the stock performance....because it would probably be somewhat better to have some decent and stable transitions, if possible, rather than something completely crazy and causing people to go crazy.. and other catastrophic infrastructure ramifications.

[JayJuanGee]

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

$100k might be not possible in 1-2 years, but touching $50,000 at least once by the end of 2021 still looks quite possible to me.

That sounds way more reasonable yeah. Wouldn't be surprised at all if that were to happen even if it is still just a "dream" to me.

And I am not saying $100K is not possible in 1-2 years. Of course it is. It just seems improbable to me. Hope to be wrong though.

Hey???  I take a few days off and you turn more into a doomer gloomer.  Have you been hanging out with Searing in my absence?  

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

So what is your prediction? 10-12K at the time of halving what about 2021-2022? Sideways?  

No, it could reasonably be $50K. Maybe more, maybe less. I just say that $100K is probably too much to consider as a reasonable probability. Again, not impossible, depending if Bitcoin is able to regain something similar to 2017 FOMO, but even if that were the case I would not take $100K for granted.

In fact I would prefer a more organic and sustainable $50K than a "fomo" peak to $100K.

Personally, the more FOMO peak the better... fuck stability.. stability is not going to happen anyhow, so we might as well get about a $327.6k fomo peak that puts into 2017 parity.. ...rather than having some kind of wimpy fomo in the sub $100k arena... fuck that whimpy shit....

If we are going to get fomo, we may as well go BIG or go home...  

$120K is totally baked in this cycle

don't sell yourselves short guys

Jojo has got that one right.... $120k is kind of a bare minimum...    

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

So what is your prediction? 10-12K at the time of halving what about 2021-2022? Sideways?  

No, it could reasonably be $50K. Maybe more, maybe less. I just say that $100K is probably too much to consider as a reasonable probability. Again, not impossible, depending if Bitcoin is able to regain something similar to 2017 FOMO, but even if that were the case I would not take $100K for granted.

In fact I would prefer a more organic and sustainable $50K than a "fomo" peak to $100K.

I would prefer a real growth to $20k lol 

No such thing as "real growth" in bitcoin... she is too nascent and too contested (thus too god damned volatile)... one of the most certain things in bitcoin is the lack of "real" growth. 

[Phil_S]

[rolling]

Hate to break it to you but Jeff (Big Lebowski) Bridges was born in 1949, totally Boomer.

Perhaps you should replace him with a picture of Kim Kardashian, born in 1980, totally Generation X.

 

I don't know if this is the exact definition but I consider Gen X to be people born to parents before the boomers. If someone is the child of a boomer, they are technically a Millenial.

Generation X (or Gen X for short) is the demographic cohort following the baby boomers and preceding the Millennials. Researchers and popular media typically use birth years around 1965 to 1980 to define Generation Xers, although some sources use birth years beginning as early as 1960 and ending somewhere from 1977 to 1984.

https://en.wikipedia.org/wiki/Generation_X

Reading that quote, how do you get that a child of a baby boomer is a millennial? It specifically says gen x is the generation between baby boomers and millennials.

[JayJuanGee]

Definitely an inverse relation of price action to WO posts.

Not too hard to keep up the last few days.

Pull it together boys, this too shall pass, do not become weak hands.

You know who I'm looking at.

Didn't know that there were any weak hands left....

[Totscha]

Hate to break it to you but Jeff (Big Lebowski) Bridges was born in 1949, totally Boomer.

Perhaps you should replace him with a picture of Kim Kardashian, born in 1980, totally Generation X.

 

I don't know if this is the exact definition but I consider Gen X to be people born to parents before the boomers. If someone is the child of a boomer, they are technically a Millenial.

Generation X (or Gen X for short) is the demographic cohort following the baby boomers and preceding the Millennials. Researchers and popular media typically use birth years around 1965 to 1980 to define Generation Xers, although some sources use birth years beginning as early as 1960 and ending somewhere from 1977 to 1984.

https://en.wikipedia.org/wiki/Generation_X

Reading that quote, how do you get that a child of a baby boomer is a millennial? It specifically says gen x is the generation between baby boomers and millennials.

Millenials are so popular, everyone forgets about us (Gen X). It's a good thing we mostly don't give a shit .-D