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

[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.

[BTCMILLIONAIRE]

via Imgflip Meme Generator

The world is truly filled with people that doesn't belong to be among others.... I'm sometimes really starting to dislike human behavior overall 

Positive this isn't a BTC enthousiast or community member

What do you think? Sacrifice him to the gods or burn him as a witch?

Both.

[mindrust]

We are back in the meme-angle. Reduce the panic levels. I expect a green candle tomorrow. If not, its gonna be very bad.

[Dabs]

You guys watching the traditional stock markets? Everything is on sale.

[bones261]

You guys watching the traditional stock markets? Everything is on sale.

Even gasoline is on sale.

[d_eddie]

You guys watching the traditional stock markets? Everything is on sale.

It's been clear out sale since last week.

It could be seen as value buying or knife catching, depending on perspective.

[infofront]

I'm thinking of playing the US stocks a little more. There is some predictable price action ahead.

For example: By the end of the week, some kind of stimulus package will be passed by the government. Markets skyrocket. Next week, following logarithmic viral spread and increased testing, the market will crash further.

[JimboToronto]

What middle class?

Employees.

Serfs.

Proles.

[Paashaas]

MasterLuc says hello.

His long-term chart.

[JimboToronto]

You guys watching the traditional stock markets? Everything is on sale.

Even gasoline is on sale.

Not toilet paper though.

[OutOfMemory]

atm it's pumping.
observing $7.810

[mindrust]

What about the other side of the story...


https://twitter.com/tytaninc/status/1237252913375989760?s=21

MasterLuc says hello.

His long-term chart.

[LUCKMCFLY]

Interesting linear scale..

Linear scale through 2023

Source: https://twitter.com/ChartsBtc/status/1237757016493281286

[2020VISION]

You guys watching the traditional stock markets? Everything is on sale.

Even gasoline is on sale.

Not toilet paper though.

hodl paper wallets :-D Lol

[Gyrsur]

[becoin]

Observing split in stock market direction and bitcoin price direction after S&P500 broke 2740 very strong support. Bitcoin price manipulators are done. They are broke. This is excellent sign that bitcoin price will shoot up soon!