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

[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?

[1713971996]

1713971996

[1713971996]

1713971996

[1713971996]

1713971996

[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.

[hodl_2015]

Al we need now is clueless newspapers writing that bitcoin is going to be halved in two months.

[Ibian]

It was specifically meant to go way up in price. Otherwise it would never have gotten off the ground.

I don't remember Satoshi saying that.

Which is not relevant at all.

It's entirely relevant, because you're saying you know more about what Satoshi wanted from bitcoin than he did.

Satoshi never speculated on the price of bitcoin. He worked hard to made sure that it worked, but he never promised it would go "way up in price," because only con artists and charlatans use that kind of talk.

We (or more accurately, bitcoin users) give bitcoin value by using it for its primary purpose: acting as a currency. It's one of bitcoin's intrinsic properties that makes it cool. Like I've said before, gold has value not just because it is scarce; it has value because you can do cool shit with it.

It doesn't matter what he wanted. He did a thing, gifted it to the world and left to let it grow on its own. We are living a real world Ayn Rand story and I am amazed that more people don't see that.

[goldkingcoiner]

Aaaaaaaaaaaaaaaand long.

[BitcoinGirl.Club]

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

PANDEMIC

Observing @ $ 7,675 😜

[nutildah]

It was specifically meant to go way up in price. Otherwise it would never have gotten off the ground.

I don't remember Satoshi saying that.

Which is not relevant at all.

It's entirely relevant, because you're saying you know more about what Satoshi wanted from bitcoin than he did.

Satoshi never speculated on the price of bitcoin. He worked hard to made sure that it worked, but he never promised it would go "way up in price," because only con artists and charlatans use that kind of talk.

We (or more accurately, bitcoin users) give bitcoin value by using it for its primary purpose: acting as a currency. It's one of bitcoin's intrinsic properties that makes it cool. Like I've said before, gold has value not just because it is scarce; it has value because you can do cool shit with it.

It doesn't matter what he wanted. He did a thing, gifted it to the world and left to let it grow on its own. We are living a real world Ayn Rand story and I am amazed that more people don't see that.

You said bitcoin was "specifically meant to go way up in price." That's the part I had a problem with. Satoshi didn't design bitcoin for that purpose. Proof of this lies in the million (or more) untouched Satoshi-mined coins. If he was motivated by profit, he would have moved them a long, long time ago. I don't think there's any sort of long-term scheme we don't see in that regard; I think the coins won't ever move.

[Ibian]

Switzerland has (as of posting this) 645 cases reported / 613 confirmed, 3 death so far (all already in critical condition before infection). These numbers will change once the ICU capacity is used up but it's still looking like a slightly more contagious but slightly less dangerous flu.

Hold up. The flu has a 0.1 lethality. How is that higher than 0.5?

[Hueristic]

Paper wallet?

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

Shit you guys win.

gotta run l8rs


...where's that mask at? Right!

[mindrust]

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

PANDEMIC

Observing @ $ 7,675 😜

We are all going to die and not just that... we'll die POOR! Worst of both worlds.

$7655!

(I wish I didn't throw that 5 grand on btc today fck, good news is the support line still holds but  FOR HOW LONG???)

[Ibian]

https://twitter.com/WHO

Holy shit the worlds premier health organization is only a week or two late! Stop the presses!

[Ibian]

Good morning Bitcoinland.

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

Ho hum.

What middle class?

Employees.

Serfs.

Peasants.

I think peasants might even be above serfs. Depending on region and time period.

Reminds me of a quote. Gold is the money of kings, silver is the money of nobility, barter is the money of peasants, and debt is the money of slaves.

[Ibian]

It was specifically meant to go way up in price. Otherwise it would never have gotten off the ground.

I don't remember Satoshi saying that.

Which is not relevant at all.

It's entirely relevant, because you're saying you know more about what Satoshi wanted from bitcoin than he did.

Satoshi never speculated on the price of bitcoin. He worked hard to made sure that it worked, but he never promised it would go "way up in price," because only con artists and charlatans use that kind of talk.

We (or more accurately, bitcoin users) give bitcoin value by using it for its primary purpose: acting as a currency. It's one of bitcoin's intrinsic properties that makes it cool. Like I've said before, gold has value not just because it is scarce; it has value because you can do cool shit with it.

It doesn't matter what he wanted. He did a thing, gifted it to the world and left to let it grow on its own. We are living a real world Ayn Rand story and I am amazed that more people don't see that.

You said bitcoin was "specifically meant to go way up in price." That's the part I had a problem with. Satoshi didn't design bitcoin for that purpose. Proof of this lies in the million (or more) untouched Satoshi-mined coins. If he was motivated by profit, he would have moved them a long, long time ago. I don't think there's any sort of long-term scheme we don't see in that regard; I think the coins won't ever move.

By design, yes. It's all code, and humans in groups are predictable. Nothing that has happened in the past 11 years is a coincidence. We are monkeys dancing to the tune of John Galt.

[lightfoot]

I'm still waiting for the 100 point font of PANIC on the CNN web site.

Eh, another day.

[BitcoinGirl.Club]

We are all going to die and not just that... we'll die POOR! Worst of both worlds.

$7655!

(I wish I didn't throw that 5 grand on btc today fck, good news is the support line still holds but  FOR HOW LONG???)

Observing @ $7,629

Under $6k soon.



PANIC level takes place 😜 !

[mindrust]

We are all going to die and not just that... we'll die POOR! Worst of both worlds.

$7655!

(I wish I didn't throw that 5 grand on btc today fck, good news is the support line still holds but  FOR HOW LONG???)

Observing @ $7,629

Under $6k soon.



PANIC level takes place 😜 !

If any of you haven't already, now is a good time to...

MasterLuc says hello.