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

[Cryptotourist]

Joe007 ragequit Twitter about the same time as roach stopped posting here.

Joe007 quit twitter on the 7th of May, according to the article.
r0ach found love on the 14th of February, relayed, and is probably still here.
It's just another account bro.

JÆ and the sock puppets, are definitely still here.

[1715226005]

1715226005

[El duderino_]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

[JSRAW]

After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.

https://twitter.com/danheld/status/1258743627280506885

Gold inflation line seems flat here..

[bitebits]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

[Tash]

After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.

https://twitter.com/danheld/status/1258743627280506885

Several wrongs.
Bitcoin does not inflate, fixed to 21M
Gold inflates by about 1.4% give or take depending on data used.
In 2 days time Bitcoin will have a new coin supply rate of about 1.6% on average for the next 4 years well below dollars average of 2.3% inflation

[Globb0]

https://twitter.com/DrEricDing/status/1258413222039891968?s=20

Good morning. Since we dislike Murder Hornets for mass killing bees, hope this is satisfying if you are out of coffee.

WTF BRO HE RIPTS HIS HEAD WHEN HE IS STILL ALIVE

Damn nature at is finest!

Sick flipping mantis eating brains. Here comes Hornetflu we are doomed

[HairyMaclairy]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

Use maker taker

If you are not the maker, you are doing it wrong

[bitebits]

Use maker taker

If you are not the maker, you are doing it wrong

You need to be a day trader to take advantage of that. And even if you generate volume, it can’t be compared to nowadays stock market close to zero trading fees.

https://pro.coinbase.com/fees

Fee Structure 30-day volume
PRICING TIER

TAKER FEE
MAKER FEE
Up to $10k
0.50%
0.50%

$10k - $50k
0.35%
0.35%

[Cryptotourist]

Who would have thought r0achie to be a BTC whale.
Makes sense, he wanted cheap coins.
Now that there are no more cheap coins, gone. For now.

Btw Lambie was right. About the shorts.

Gotta thank the J-team for bringing this up, and making the connection.
It also makes sense.
Only makes me wonder with which account(s) he is still lurking.

TLDR: Joe turned bullish, his bags are full.

[Globb0]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

Or someone with 47,838 BTC

https://twitter.com/btcblockbot/status/1258928726475243520?s=21

[HairyMaclairy]

BitMEX Fees
Trading fees are 0.075% of the total order value for takers, but makers get paid 0.025% for making trades.

[Globb0]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

Use maker taker

If you are not the maker, you are doing it wrong

Does it just mean placing your sell above the price? or something more elaborate?

Thanks

[bitebits]

https://twitter.com/stephanlivera/status/1258923992053805056

You do have to buy a whole bitcoin.

[El duderino_]

[Globb0]

Last night I dreamt I wrote The Lord of the Rings books.

Girlfriend says I was Tolkien in my sleep.

[bitserve]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  

Typically, a beaten up truck, NOT a LEXUS, and it is in the middle of the sin city, but i get your point...someone could be just one paycheck away from losing that vehicle to a repo-man.

If you need to buy a car with credit that's not the car you should be buying. You can buy perfectly nice and working used cars of any type just for a few thousands in cash. Even some mid-high end ones for a couple tens.

Almost the only thing reasonable to buy on credit is real estate... and that after careful planning and consideration.

And, as I said, someone that does that probably also overspend in many other things.

[heslo]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  

Typically, a beaten up truck, NOT a LEXUS, and it is in the middle of the sin city, but i get your point...someone could be just one paycheck away from losing that vehicle to a repo-man.

If you need to buy a car with credit that's not the car you should be buying. You can buy perfectly nice and working used cars of any type just for a few thousands in cash. Even some mid-high end ones for a couple tens.

Almost the only thing reasonable to buy on credit is real estate... and that after careful planning and consideration.

And, as I said, someone that does that probably also overspend in many other things.

I don't think necessarily buying a car on credit is a bad thing. Every car I've bought apart from my first (which was just a regular shitter) has been on credit. It's having everything you "own" on credit when it all goes to tell. If I can't make a $100 payment for a car every week then there's something wrong. The problem is people think that for multiple items and all of a sudden they're paying $100 a week for 6 things and it just spirals from there

[bitserve]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  

Typically, a beaten up truck, NOT a LEXUS, and it is in the middle of the sin city, but i get your point...someone could be just one paycheck away from losing that vehicle to a repo-man.

If you need to buy a car with credit that's not the car you should be buying. You can buy perfectly nice and working used cars of any type just for a few thousands in cash. Even some mid-high end ones for a couple tens.

Almost the only thing reasonable to buy on credit is real estate... and that after careful planning and consideration.

And, as I said, someone that does that probably also overspend in many other things.

I don't think necessarily buying a car on credit is a bad thing. Every car I've bought apart from my first (which was just a regular shitter) has been on credit. It's having everything you "own" on credit when it all goes to tell. If I can't make a $100 payment for a car every week then there's something wrong. The problem is people think that for multiple items and all of a sudden they're paying $100 a week for 6 things and it just spirals from there

See? There's the problem. $100 a week are $400 a month. You can perfectly feed yourself and even cover some (if not all) of the basic survival needs with that amount. Yet people do decide to go ahead with that and then they need someone else to feed them? No, that is indeed BAD.

You (should) only use credit to SAVE (ie: to own a property instead of renting for the same monthly amount or even lower) not to SPEND more. Doing otherwise is nuts and usually the reason why people with a more than healthy income are constantly in the verge of bankruptcy.

[VB1001]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  

Typically, a beaten up truck, NOT a LEXUS, and it is in the middle of the sin city, but i get your point...someone could be just one paycheck away from losing that vehicle to a repo-man.

If you need to buy a car with credit that's not the car you should be buying. You can buy perfectly nice and working used cars of any type just for a few thousands in cash. Even some mid-high end ones for a couple tens.

Almost the only thing reasonable to buy on credit is real estate... and that after careful planning and consideration.

And, as I said, someone that does that probably also overspend in many other things.

And I bet an egg that there are also several with $1,000 phones also bought on credit...

[bitserve]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  

Typically, a beaten up truck, NOT a LEXUS, and it is in the middle of the sin city, but i get your point...someone could be just one paycheck away from losing that vehicle to a repo-man.

If you need to buy a car with credit that's not the car you should be buying. You can buy perfectly nice and working used cars of any type just for a few thousands in cash. Even some mid-high end ones for a couple tens.

Almost the only thing reasonable to buy on credit is real estate... and that after careful planning and consideration.

And, as I said, someone that does that probably also overspend in many other things.

And I bet an egg that there are also several with $1,000 phones also bought on credit...

Absolutely. And probably even changing to a new one every couple of years. All those people should not be bailed out in any way but left to starve as a warning to next generations. But, as the (credit) system lives from their stupidity they will help them just barely enough to perpetuate their self-imposed slavery as if there wasn't anything wrong with their financial and overspending behaviour.