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

[VB1001]

We need to cleanse these people from the population.

Jawohl, mein Fuhrer. 

Hitler was a very good boy.

The Fuhrer compared to you is a communist.

[Wilhelm]

A 5-digit BTC not asking for more .... in the short term  

We will never see a five digit bitcoin again (trying to jinx it )

we will never see 6 digit Bitcoin

We will never see 9 digit 

If this happens we will have a beer in space 

[Torque]

BTC was designed to shine in a moment like this.

It was designed to be a peer-to-peer version of electronic cash, not a "store of value" or something people buy and hope goes up in value so they can sell it at a higher price. The only thing we know for sure is that if bitcoin loses value, it won't be due to its own inflation.

You guys can play the whole "Bitcoin was designed for..." debate all you want.

But the bottom line is this: no one is going to buy Bitcoin at a 1.5% broker cost, wait 4 business days to receive it, go through the hassle to use it as a version of "electronic cash" to purchase something over the internet (at VERY limited merchants, mind you), without at least recouping their 1.5% broker cost for all the trouble (not to mention transaction fees, if any).  Thus the need for it to go up in price from whence they purchased, and this requires holding.

And they sure as shit aren't going to use it immediately as "electronic cash" if they find themselves severely underwater. Because then what is the point?

^{(Can you tell that I'm so over this PTP electronic cash vs. store of value debate? It's both.)}

[nutildah]

You guys can play the whole "Bitcoin was designed for..." debate all you want.

But the bottom line is this: no one is going to buy Bitcoin at a 1.5% broker cost, wait 4 business days to receive it, go through the hassle to use it as a version of "electronic cash" to purchase something over the internet (at VERY limited merchants, mind you), without at least recouping their 1.5% broker cost for all the trouble.  Thus the need for it to go up in price from whence they purchased.

And they sure as shit aren't going to use it immediately as "electronic cash" if they find themselves severely underwater. Because then what is the point?

^{(Can you tell that I'm so over this PTP electronic cash vs. store of value debate? It's both.)}

I've been getting paid in it and using it for payments for so long, I forgot what the average person had to do in order to get it.

There are certain instances when it makes more sense to transfer money in the form of bitcoin than fiat. Remittances, for example. For large amounts of money (any amount of money, really) its cheaper to buy the bitcoin and send it across the world than to rely on Western Union or Moneygram. In some cases, it may be a tremendously money-saving idea to use bitcoin.

For example, I sent $40 just the other day, and the fee was $5, which is 12.5%. If I could have sent it in bitcoin, the fee would have been less than 1%. Of course the other person would need an option to cash the bitcoin out to their local currency, but that's more a matter of the infrastructure not being there -- yet.

Nobody's suggesting you pay for your Snickers bar at the 7-Eleven with BTC; that's simply impractical. Obviously its not better than real cash for all types of transactions, but it is for some, and its a matter of having the infrastructure in place for the rest.

[jbreher]

A 5-digit BTC not asking for more .... in the short term  

We will never see a five digit bitcoin again (trying to jinx it )

we will never see 6 digit Bitcoin

Seven digits are right out.

The number of eight digits shall not be counted, unless proceeding directly to nine digits.

[OutOfMemory]

We need to cleanse these people from the population.

Jawohl, mein Fuhrer. 

Seems you ran out of these: üüüüüüüüüüüü ÜÜÜÜÜÜÜÜÜÜÜÜ
For you to copy/paste next time 

[Hueristic]

Anyone who believes anything from china, or WHO, can not be taken serious.

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

There is no possibility that the entire west will not be infected.

Yet on Diamond Princess, about 20% got infected.

Idiots do not know how to form a correct premise in order to achieve an educated projection. Just having quarantine procedures let alone know their effect skews that projection so massively as to make it meaningless.

It's like the tards that keep saying the market will continue to repeat without taking the changes in the market place into account.

[El duderino_]

A 5-digit BTC not asking for more .... in the short term  

We will never see a five digit bitcoin again (trying to jinx it )

we will never see 6 digit Bitcoin

We will never see 9 digit 

If this happens we will have a beer in space 

And beyond

[Indymoney]

A 5-digit BTC not asking for more .... in the short term  

We will never see a five digit bitcoin again (trying to jinx it )

we will never see 6 digit Bitcoin

We will never see 9 digit 

If this happens we will have a beer in space 

And beyond

9 Digit is dream of every bitcoiner but not near soon will take many decades.

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $7,781

Get ready for Anfield match 😜

[VB1001]

https://twitter.com/WHO

[Hueristic]

Good morning Bitcoinland.

Sideways... $7860USD/$10804CAD (Bitcoinaverage).

Ho hum.

What middle class?

Employees.

Serfs.

[Hueristic]

You guys can play the whole "Bitcoin was designed for..." debate all you want.

But the bottom line is this: no one is going to buy Bitcoin at a 1.5% broker cost, wait 4 business days to receive it, go through the hassle to use it as a version of "electronic cash" to purchase something over the internet (at VERY limited merchants, mind you), without at least recouping their 1.5% broker cost for all the trouble (not to mention transaction fees, if any).  Thus the need for it to go up in price from whence they purchased, and this requires holding.

And they sure as shit aren't going to use it immediately as "electronic cash" if they find themselves severely underwater. Because then what is the point?

^{(Can you tell that I'm so over this PTP electronic cash vs. store of value debate? It's both.)}

I've been getting paid in it and using it for payments for so long, I forgot what the average person had to do in order to get it.

There are certain instances when it makes more sense to transfer money in the form of bitcoin than fiat. Remittances, for example. For large amounts of money (any amount of money, really) its cheaper to buy the bitcoin and send it across the world than to rely on Western Union or Moneygram. In some cases, it may be a tremendously money-saving idea to use bitcoin.

For example, I sent $40 just the other day, and the fee was $5, which is 12.5%. If I could have sent it in bitcoin, the fee would have been less than 1%. Of course the other person would need an option to cash the bitcoin out to their local currency, but that's more a matter of the infrastructure not being there -- yet.

Nobody's suggesting you pay for your Snickers bar at the 7-Eleven with BTC; that's simply impractical. Obviously its not better than real cash for all types of transactions, but it is for some, and its a matter of having the infrastructure in place for the rest.

Quote fail, FTFY.

Bitcoin is a store of value now and sidechains are the future for quick settlements, the market has spoken. The question really is, when will the sidechain eco-system be integrated enough to go full crypto and lose this shit virus laden fiat?

Only thing BTC can't do that fiat can is fit in my nose for a line.

[mindrust]

https://twitter.com/WHO

It is official now.

Now we can PANIC like there is no tomorrow.

PANIC!
(*remember, panic is a good thing. it keeps you alive.)

wtf I am starting to panic too almost under $7.7k

[bitcoinPsycho]

You guys can play the whole "Bitcoin was designed for..." debate all you want.

But the bottom line is this: no one is going to buy Bitcoin at a 1.5% broker cost, wait 4 business days to receive it, go through the hassle to use it as a version of "electronic cash" to purchase something over the internet (at VERY limited merchants, mind you), without at least recouping their 1.5% broker cost for all the trouble (not to mention transaction fees, if any).  Thus the need for it to go up in price from whence they purchased, and this requires holding.

And they sure as shit aren't going to use it immediately as "electronic cash" if they find themselves severely underwater. Because then what is the point?

^{(Can you tell that I'm so over this PTP electronic cash vs. store of value debate? It's both.)}

I've been getting paid in it and using it for payments for so long, I forgot what the average person had to do in order to get it.

There are certain instances when it makes more sense to transfer money in the form of bitcoin than fiat. Remittances, for example. For large amounts of money (any amount of money, really) its cheaper to buy the bitcoin and send it across the world than to rely on Western Union or Moneygram. In some cases, it may be a tremendously money-saving idea to use bitcoin.

For example, I sent $40 just the other day, and the fee was $5, which is 12.5%. If I could have sent it in bitcoin, the fee would have been less than 1%. Of course the other person would need an option to cash the bitcoin out to their local currency, but that's more a matter of the infrastructure not being there -- yet.

Nobody's suggesting you pay for your Snickers bar at the 7-Eleven with BTC; that's simply impractical. Obviously its not better than real cash for all types of transactions, but it is for some, and its a matter of having the infrastructure in place for the rest.

Quote fail, FTFY.

Bitcoin is a store of value now and sidechains are the future for quick settlements, the market has spoken. The question really is, when will the sidechain eco-system be integrated enough to go full crypto and lose this shit virus laden fiat?

Only thing BTC can't do that fiat can is fit in my nose for a line.

Paper wallet?

[goldkingcoiner]

Good morning Bitcoinland.

Sideways... $7860USD/$10804CAD (Bitcoinaverage).

Ho hum.

What middle class?

Employees.

Serfs.

Peasants.

[mindrust]

Paper wallet?

Paper wallet with satoshi's face on it to increase the effect.

[BitcoinGirl.Club]

Now we can PANIC like there is no tomorrow.

PANIC!
(*remember, panic is a good thing. it keeps you alive.)

wtf I am starting to panic too almost under $7.7k

It's used to be common dialogue in Meta I think, "Merit ruined my life" now this is I feel, WO ruined my life 😜

[mindrust]

Now we can PANIC like there is no tomorrow.

PANIC!
(*remember, panic is a good thing. it keeps you alive.)

wtf I am starting to panic too almost under $7.7k

It's used to be common dialogue in Meta I think, "Merit ruined my life" now this is I feel, WO ruined my life 😜

You know what panic and pandemic have in common? Take a closer look.

PANDEMIC

[Wekkel]

This dump is very healthy in the long term. Driving out moonboys and imposters, leaving cheaper coins to buy for true users. The Halvening is a non event. Not like speculators and idiots think it will.

Looking forward to a nice gradual multi-year rise ‘2016-style’ after this shit is over.