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

[xhomerx10]

One of my relatives (41 years of age) just died in New York of COVID19.

 That is sad news Raja_MBZ.  I'm sorry.

[Last of the V8s]

                                                                                  sorry

[bitebits]

  Bitstamp    6795.00 USD  
(source: Bitstamp API)

this is an automated post but unfortunately I'm not able to post it via my bot account Gyrsur_Bot because of restrictions.

Could you make the bot post in a ‘spoiler alert’ way? Perhaps as above?
Might be just me but I actually dislike getting regular price updates. I rather make a guess by reading the WO posts instead.

Once you make these posts with its own account that is fine for me as well since it then can just be added to my ignore list, even though I think the bot might not like the company it is getting.

[JayJuanGee]

Bitcoin (BTC) Price to Target $1,000,000 After COVID-19 and Analyst Explains Why

https://u.today/bitcoin-btc-price-to-target-1000000-after-covid-19-and-analyst-explains-why

Lots of people think that Bitcoin’s total addressable market is ~$7T because that’s the marketcap of gold.

Problem is, with so much #brrr going on gold can easily triple from here.

So the digital gold thesis now puts Bitcoin’s TAM at ~$20T, or $1M per coin...

https://twitter.com/QWQiao/status/1246672665210949633

Why not? I can perfectly believe it, if in 2019 someone had told me that a motherfucker virus would kill and paralyze the world, they would not have believed it either.

More importantly gold is not some magical material blessed by the gods. It's just a thing, no reason to use it as a cap.

And as always, we consider the price in the current dollar value. The brrr is not even relevant.

Yeah, but, even though we seem to be living in very crazy-ass times, there should be limits to outrageousness, even with BTC's likely exponential growth possibilities with the money printer go brrrrrrr.

We had a bit more than 100x exponential price growth in 2013-ish and then 78x exponential price growth in late 2015 to late 2017, and the above-linked article is projecting about 150x for this next time around (with BTC prices at $1 million-ish), which just seems to be way too much in such a short period of time. 

Even though we are in strange times, I would put 78x as the cap, and 50x as a more realistic run. 

Furthermore, we do not need to reach or surpass gold parity on this exponential growth time around, it could take a couple more cycles, even though I do agree with your overall underlying premise, Ibian, that bitcoin is likely a better asset than gold, so ultimately bitcoin remains quite likely to surpass gold's marketcap, and even to grandly surpass it, but I just have problems presuming that bitcoin will surpass gold's marketcap in this particular expected upcoming exponential cycle (presuming that we are still on target for such upwardly exponential BTC price run within about the next 4-20 months).

[Last of the V8s]

no need for a mask if you take as prophylaxis every last drug known to man

[OutOfMemory]

Sorry to hear that. Guess the crisis actor thing is fake, who knew?

In other news, looks like the Trump Administration (I'd say the US Govt but it's really just Trump and his crap) is lying once again and under counting COVID deaths.

(See WaPo. They have screwed up links right now)

Will be interesting to see if they can keep these people off the "dead" roles long enough to vote R in November. After all I'm sure that is what they would have wanted.

One could of course speculate on how a Hillary administration would have handled things.

What about... whataboutism?

My condolences to you, Raja.

[Ibian]

Sorry to hear that. Guess the crisis actor thing is fake, who knew?

In other news, looks like the Trump Administration (I'd say the US Govt but it's really just Trump and his crap) is lying once again and under counting COVID deaths.

(See WaPo. They have screwed up links right now)

Will be interesting to see if they can keep these people off the "dead" roles long enough to vote R in November. After all I'm sure that is what they would have wanted.

One could of course speculate on how a Hillary administration would have handled things.

What about... whataboutism?

My condolences to you, Raya.

what about what? what?

[sirazimuth]

Sorry to hear that. Guess the crisis actor thing is fake, who knew?

In other news, looks like the Trump Administration (I'd say the US Govt but it's really just Trump and his crap) is lying once again and under counting COVID deaths.

(See WaPo. They have screwed up links right now)

Will be interesting to see if they can keep these people off the "dead" roles long enough to vote R in November. After all I'm sure that is what they would have wanted.

One could of course speculate on how a Hillary administration would have handled things.

What about... whataboutism?

My condolences to you, Raja.

Why yes professor, I'm speculating about how Hillary would have handled things because in these times, that reeeeally matters...
While we are at it, let's talk about Bill Clinton's sex scandal because he got impeached too....

I'm the whataboutism king, baby!

[Paashaas]

One of my relatives (41 years of age) just died in New York of COVID19.

I'm sorry for your loss Raja_MBZ, my condolence.

[jbreher]

Surprised you haven't yet noticed a persistent theme in this thread involving the derogation of bcash.

It is always OK here, if not welcomed. Its one of the things we do, and that defines WO culture.

Yes, and stupidity will be loudly trumpeted and acclaimed, as long as it adheres to our collective knee-jerk groupthink BCH Derangement Syndrome. WAR IS PEACE, FREEDOM IS SLAVERY, but mostly IGNORANCE IS STRENGTH.

At least you admit it.

[Ibian]

Sorry to hear that. Guess the crisis actor thing is fake, who knew?

In other news, looks like the Trump Administration (I'd say the US Govt but it's really just Trump and his crap) is lying once again and under counting COVID deaths.

(See WaPo. They have screwed up links right now)

Will be interesting to see if they can keep these people off the "dead" roles long enough to vote R in November. After all I'm sure that is what they would have wanted.

One could of course speculate on how a Hillary administration would have handled things.

What about... whataboutism?

My condolences to you, Raja.

Why yes professor, I'm speculating about how Hillary would have handled things because in these times, that reeeeally matters...
While we are at it, let's talk about Bill Clinton's sex scandal because he got impeached too....

I'm the whataboutism king, baby!

Of course it fucking matters. Trump is the only american politician who is not a leftie. And even he is only a centrist.

He will win the next term, but after that? There is nobody to replace him.

[Ibian]

Surprised you haven't yet noticed a persistent theme in this thread involving the derogation of bcash.

It is always OK here, if not welcomed. Its one of the things we do, and that defines WO culture.

Yes, and stupidity will be loudly trumpeted and acclaimed, as long as it adheres to our collective knee-jerk groupthink BCH Derangement Syndrome. WAR IS PEACE, FREEDOM IS SLAVERY, but mostly IGNORANCE IS STRENGTH.

At least you admit it.

Dude. The clonecoins were worth more than ten times their current value when I finally got off my arse and got around to claiming and selling what I had been handed for free. You are just wrong on this one. The forkcoins were a mistake. Let it go.

[rdbase]

no need for a mask if you take as prophylaxis every last drug known to man

I do think he is immune to any virus there is and in his blood there might be the cure.

[JayJuanGee]

Surprised you haven't yet noticed a persistent theme in this thread involving the derogation of bcash.

It is always OK here, if not welcomed. Its one of the things we do, and that defines WO culture.

Yes, and stupidity will be loudly trumpeted and acclaimed, as long as it adheres to our collective knee-jerk groupthink BCH Derangement Syndrome. WAR IS PEACE, FREEDOM IS SLAVERY, but mostly IGNORANCE IS STRENGTH.

At least you admit it.

False dilemmas jbreher.   

bcash, bcash sv and other altcoins continue to be shitcoins that are frequently either bitcoin attack vectors or filled with bitcoin naysayers and scammers making false equivalencies, like you just attempted.

Anyhow, you likely realize (but want to continue to argue and whine) that the attempt to beat up bcash shills like you, to the extent that it is possible, remains a laudable endeavor in this here thread... since it is good to attempt to purge the nutjobs and misinformation that are trying to pump bullshit misinformation, like you seem to be ongoingly devolving into in your various by hook or by crook attempts to defend your seemingly two most favorite bcash variant shitcoins. 

[jbreher]

You are just wrong on this one.

Wrong about what? My observation that BCH and talking heads babbling about COVID-19 are unrelated topics?

No. They are unrelated topics.

[JayJuanGee]

You are just wrong on this one.

Wrong about what? My observation that BCH and COVID-19 are unrelated topics?

No. They are unrelated topics.

they are related.

Bcash is a negative and Covid-19 is a negative...

They are both plights upon the world..

Evil...

Etc etc..

just like we have difficulties getting rid of Covid-19, we have difficulties of getting rid of bcash variants...

Off with you and your plague topic of Bcash... at least covid is somewhat relevant to the topic of this thread  




 

[fillippone]

Good advice from PlanB!

Advice for #bitcoin newbies
1) read Whitepaper
https://nakamotoinstitute.org/static/docs/bitcoin.pdf
2) read Bullish Case for Bitcoin
https://nakamotoinstitute.org/mempool/the-bullish-case-for-bitcoin/
3) read BitGold
https://nakamotoinstitute.org/bit-gold/
4) read about Social Scalability
https://nakamotoinstitute.org/money-blockchains-and-social-scalability/
5) follow BTC top100 on twitter
https://hive.one/bitcoin/

https://twitter.com/100trillionUSD/status/1246393180762845186?s=20

[Ibian]

You are just wrong on this one.

Wrong about what? My observation that BCH and talking heads babbling about COVID-19 are unrelated topics?

No. They are unrelated topics.

The greatest weakness of western culture is the distaste for kicking someone who is already down.

[jbreher]

just like we have difficulties getting rid of Covid-19, we have difficulties of getting rid of bcash variants...

It is simple to get rid of BCH. People will even pay you to take it off your hands.

Unless you mean eradicate. In which case, it appears you're stuck with it in indefinite perpetuity. Sucks to be you.

[JayJuanGee]

just like we have difficulties getting rid of Covid-19, we have difficulties of getting rid of bcash variants...

It is simple to get rid of BCH. People will even pay you to take it off your hands.

Unless you mean eradicate. In which case, it appears you're stuck with it in indefinite perpetuity. Sucks to be you.

If you are proclaiming something similar to d_eddie (attached below), then I will have no choice than to agree with you (but I am suspecting that you are saying something different).

In essence, seems that one of the best approaches to any bcash variants, whether bcash the original or bcash sv the other scam token, is to spend that shit as fast as you can, while it still has value and as long as you can find a way to do it.... Hopefully, Bruno is not disadvantaged by you dumping that shit on him.. .

By the way, I don't have any of bcash variants, unless one of the exchanges that I had comes back in business to distribute what they had taken from me which (has some locked up BCH - and hypothetically BSV, too) is seeming to be about a less than .0323171994327% chance of happening, currently.

As a lot of Trumptards ignorant fools in the good ole USA take these clowns' words as the gospel, small wonder we are where we are today.

I shouldn't have watched that... these people... I have no words

The same mentality as bcashers; living in fantasy land

I don’t think you have a point. I used BCH to transfer hundreds of dollars of value to Bruno recently, to assist with his funeral arrangements. Does that sound like ‘fantasy land’ to you?

Freakin idiotic non-sequitur.

A handbook case of Gresham's law.

Edit:

By the way, if someone were to give me some BCH or BSV, I am not sure if I would know what to do.  I think that I do have an address that I could accept them, and then I would be trying to sell them fairly soon thereafter and either get fiat or BTC... So, surely, it would be inconvenient, and if that were the only way to pay me, I suppose that I would not refuse it, but if it is possible to pay me with BTC or dollars, I would prefer that...

I might be a bit of a softy because I am not used to dealing with various shitcoins, but I do have some ideas about some places in which I might be able to relieve myself of them.  I am at a little bit of an advantage compared with some newb who might be just entering the space and they might not even know the difference between bitcoin and various shitcoins, and therefore, it seems like a good thing for many of us bitcoiners to be constantly berating various shitcoins to the extent that we can so some newbs don't either end up getting the bags of various shitcoiners dumped on them or at least they can adequately respond in a way to get rid of and convert the shit as soon as practicable...


........which again comes to some possible difficulties with Bruno currently and he is even saying that he has been having some difficulties moving (no use of his right hand, for example) and if he has a short life expectancy (about two months but who knows if he is getting adequate care in current circumstances), then likely the managing of donations will go to someone else that he has already assigned and hopefully is able to manage those shitcoins properly without the various shitcoins losing too much value between the time of receipt and the time of liquidating or converting them to something that is less shitty.. Bruno likely could have easily handled these kinds of nuances, but he does not currently seem to be in a condition to do so, and that is only likely to get worse, and I don't believe that it is fair to presume that whoever is either managing his donations or going to be managing donations will be sufficiently on top of these various volatility or gresham's law matters....