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

[cAPSLOCK]

Ibian, be nice.
You can't blame every individual of a whole (artificial) group for that groups collective actions.

Evidently he can.  I have seen him do it with just about every group but his really.

Oh, and I am not a boomer.  

But I *am* Gen X.

[cAPSLOCK]

Last I looked at the price (a few hours ago) the price was $9689...now the price is $9691...


Any reason for the $2 jump?

Ahh.. Thanks for taking me back to 2011.  It's been a lovely 10 years.

[lightfoot]

Best political map I have seen this week.

Damn, just noticed this got merited hard. Thanks Bob, I'll work on distributing that in the thread.

[Biodom]

Stephen Roach has an opinion:
https://finance.yahoo.com/news/crash-dollar-coming-210024166.html

Well, I wouldn't call a 35% projected decline a real crash, but it would pinch a bit if it happens.

[JayJuanGee]

"But I paid into that my whole life!"

Ya, you also took more than you paid in your whole life as well. Time to pay back.

Exactly. That's the really infuriating part. Young boomer money was not locked in a box and left to get dusty, it was spent on all the social programs they have used their entire life. Especially and most expensively, care for the elderly when they get old.

The welfare state is a huge scam. Time to end it.

I even tell this to my parents. They don't like hearing it, but they also can not argue against it. This is a simple numbers game, you old decrepit farts.

Sure, it is easy to argue with your parents, when you do not even understand what you are arguing about, even though you try to act like you have simple solutions to everything, right Ibian?


Social security was designed in the 1930s in such a way that it pays for itself.  The problem comes when there has been borrowing against the system for such a long time (since the 70s at least, but periods of time in which the borrowing has been even worse) in order to pay for other aspects of the government, such as military defense and other programs that should be paid for by taxes.. but taxes have not been sufficient to pay for the various expenditures, so the whole spending out strips the taxes and whenever there are panics and shortfalls in cash, the solution is to print more.. have you heard of money printer go brrrrrrrr... ?  

Yes, the printing of money and the borrowing against social security has gotten worse and worse and worse, and the solution is not merely cutting social security, even though you believe that is the solution because you don't even understand that the money had already been paid into social security, but then other aspects of the government have been borrowing against such funds because there were inadequate funds in other parts of the government, so the easy solution would be to borrow against social security and to print more money  out of thin air in order to cause social security to appear as if it had not been funded adequately or to cause it to appear as if social security were some set of freebies, when that is not the case.

Your parents might be as confused as you about all the juggling of money and the propaganda and the easy solutions and the kicking the can down the road by creating more and more debt and failure and refusal to adequately tax, and that is why you can argue with them about shit that neither of you know and call them names and be disrespectful, when you likely should have had more spankings when you were younger.

Maybe spanking you as an adult might be in order, too? #nohomo

And the fact that your only defense is "lawl" just further reinforces things.

lawl    <--- just for ibian

I hope you die painfully.

thats the difference between you and i. i dont wish harm on you. even if youre an asshole.

I wished I was in the same room with him a few times does that count?

You "forgot" to say #nohomo, so I find your statement to be problematic.   

[rdbase]

Ibian, be nice.
You can't blame every individual of a whole (artificial) group for that groups collective actions.

Evidently he can.  I have seen him do it with just about every group but his really.
Oh, and I am not a boomer.  
But I *am* Gen X.

WOsmerit +2000 if that is possible.
I think we have similar motivations as I have taken on the animal spirit of chaos.

I'm finally back to winning on Sportsbet.io!

But in human form that would be black adam aka. The Rock!
Call out the name ShAzAm to take the BTC price all the way to $10k!

Best political map I have seen this week.

Damn, just noticed this got merited hard. Thanks Bob, I'll work on distributing that in the thread.

Now where is Roger ver's ugly crying face in that historical wojacks of history?

https://twitter.com/BitcoinMemeHub/status/1264491582289375232

I never get tired of that Ver face; sums him up perfectly

I do think his face was inspired for the bleeding eyes being triggered meme from those Bizonacci videos a few years ago.
https://www.youtube.com/watch?v=Hk3T1FSlkYw

needs his middle finger as an additional turret mounted weapon.

I had not watched this documentary about cryptocurrency before stumbling upon it with youtubes suggestion algorithm since I have been watching a bunch of crypto related videos lately.
It started off with yours truly Roger Ver talking about transactions and thought it was going to be all about kissing up to bitcoin jesus himself but then was gladly corrected when they mention about his past in dealing with cryptocurrencies. Along with him selling illegal fireworks then serving jail time for it.
So it wasn't a one sided documentary to my surprise.
https://www.youtube.com/watch?v=8zKuoqZLyKg


"I'm sorry but I get so angry.."

https://bitcointalk.org/index.php?topic=5244830
He just has the kind of face that's meme worthy.

[Toxic2040]

-snip-
WOsmerit +2000 if that is possible.
I think we have similar motivations as I have taken on the animal spirit of chaos.

Upon further thought..I see this for what it is..you are attempting for fork WOsMerit's into some aberration..something along the lines of WOsMeritCash or something equally foul.

This merit aggression will not stand man.

[rdbase]

-snip-
WOsmerit +2000 if that is possible.
I think we have similar motivations as I have taken on the animal spirit of chaos.

Upon further thought..I see this for what it is..you are attempting for fork WOsMerit's into some aberration..something along the lines of WOsMeritCash or something equally foul.

This merit aggression will not stand man.

I am tired..
going to bed like these cats.
https://imgur.com/a/k9psB4i

[Toxic2040]

I am tired..
going to bed like these cats.

good night sleepy kitty..another glorious day of service at the Wall awaits us anon..be well

[LUCKMCFLY]

$ 10.5K not bad ... but $ 11.2k is better..

Bitcoin Could End Current Consolidating With A Strong Rally To $10,500

If bitcoin clears the trend line resistance, there are chances of a sharp rally above the $9,880 resistance. The next major resistance is near the $10,000 level, above which the bulls are likely to aim a test of the $10,500 resistance zone in the near term. Any further gains could lead the price towards the $11,200 barrier.

Source: https://www.newsbtc.com/2020/06/09/bitcoin-btc-could-rally-to-10500/

[Wekkel]

I like this kind of TA:

• if price goes up, it could go ... up further
• if price goes down, it could ... down further

 

In all fairness, describing price targets is also part of TA but I'd rather read someone who is willing to make a call and just stand with it.

[Phil_S]

90% of TA out there is exactly like that.



Meanwhile, this is getting annoying:

[Paashaas]

Hertz, which went bankrupt recently, is now trading higher than before it went bankrupt.

[Biodom]

Hertz, which went bankrupt recently, is now trading higher than before it went bankrupt.

but of course, since all that matters is a number, the Robinhood populace has been trained well.
There is no risk of going bankrupt again, ain't there?

well, I start to feel a whiff of a Dec 2017-Jan 2018 type situation. Nothin' can go wrong.
My spidy senses are tingling.

[Ibian]

Ibian, be nice.
You can't blame every individual of a whole (artificial) group for that groups collective actions.
And I also think that the boomers of Scandinavia started raising taxes before the boomers of north America. Besides, being born in 1961 and thus a boomer I must say that I was born in to a system already in place. I never voted for higher taxes, I always voted for lower taxes.
And I don't like the runaway welfare state we have in Scandinavia, and never has.

I never claimed to be nice.

I can blame the people who act like the group average. Anyone can. Especially when they don't give any appearance of giving a damn. Tell them to be nice maybe? See how that goes.

It's a global problem. World war and all. The states is not the world. Boomers just made things worse. They COULD have voted opposite, or for a third option. They alone had the power to do so. Here we are.

#notallboomers. Just most.

[ivomm]

I like this kind of TA:

• if price goes up, it could go ... up further or go down
• if price goes down, it could ... down further or go up

 

In all fairness, describing price targets is also part of TA but I'd rather read someone who is willing to make a call and just stand with it.

Now it's a perfect TA analysis - 100% accurate!

[JimboToronto]

'I didn't ask to be BORN.'

Followed by painting the bedroom black.

OK Snowflake.

[bitebits]

Hertz, which went bankrupt recently, is now trading higher than before it went bankrupt.

https://www.bloomberg.com/amp/news/articles/2020-06-08/retail-traders-flout-legal-logic-in-dash-for-bankrupt-stocks

The price hikes among the bankrupt include:

- Hertz, which climbed 95% since it filed bankruptcy on May 22
- J.C. Penney, up 167% since May 15
- Whiting Petroleum, up 835% since April 1
- Pier 1 Imports Inc. more than doubled in the last two trading sessions, though it’s still down 97% since filing for bankruptcy on Feb. 17

Companies that have begun planning for bankruptcy also saw their shares surge Monday, including:

- Chesapeake Energy Corp. jumped 182%
- GNC Holdings Inc. rose 106%

[Karartma1]

Hertz, which went bankrupt recently, is now trading higher than before it went bankrupt.

https://www.bloomberg.com/amp/news/articles/2020-06-08/retail-traders-flout-legal-logic-in-dash-for-bankrupt-stocks

The price hikes among the bankrupt include:

- Hertz, which climbed 95% since it filed bankruptcy on May 22
- J.C. Penney, up 167% since May 15
- Whiting Petroleum, up 835% since April 1
- Pier 1 Imports Inc. more than doubled in the last two trading sessions, though it’s still down 97% since filing for bankruptcy on Feb. 17

Companies that have begun planning for bankruptcy also saw their shares surge Monday, including:

- Chesapeake Energy Corp. jumped 182%
- GNC Holdings Inc. rose 106%

I would go even further: resuscitate and let us trade Enron!
Most of you should know what I am talking about.

[El duderino_]

The BRRRR meme goes all the way back to the 1800s when Lincoln issued the greenback to help fight the civil war. It was a fiat currency, not backed by gold.

#Bitcoin BTC



https://twitter.com/bradmillscan/status/1270123986412765186?s=20

On the other hand let them Brrrr the machines, so BTC can go to 6-7 figures more fast as its already doing