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

[NeuroticFish]

Seems someone's getting desperate to justify his shitcoin collection

I think that those coins always attracted the ones with more greed than common sense.


I'm still not worried about Bitcoin price.
Up and down and up and down, remember?

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[AlcoHoDL]

Seems someone's getting desperate to justify his shitcoin collection

I think that those coins always attracted the ones with more greed than common sense.

For me, the mere thought of Craig Wright & Calvin Ayre being the central figures behind BCH & BSV, raises so many red flags that I don't want to be anywhere near those "cloins".

I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC.

...

10k € seems to be a tough nut to crack... It does seem that my prediction of $13k/BTC by the end of 2020 may (sadly) hold true...

Come on, Bitcoin, prove me wrong!

[NeuroticFish]

I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC.

Nice stash!
I was also helped by altcoins, but at least it was something honest imho (XMR), not a cloin (I like that name!)

[BobLawblaw]

I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC.

FWIW, and I don't want to sound like I'm bragging at all, but dumping BSV and BCH when I did paid off our mortgage.

Can't complain too loudly.

[LFC_Bitcoin]

FWIW, and I don't want to sound like I'm bragging at all, but dumping BSV and BCH when I did paid off our mortgage.

Can't complain too loudly.

I didn’t get BSV because I converted all my BCH into BTC, then fiat & lived like an actual King for 12 months. I probably should have just kept it as BTC but fuck it, I wanted to enjoy at least some of the fruits of my labor.

I went to Vegas for a week on my BTG too

[El duderino_]

Seems someone's getting desperate to justify his shitcoin collection

I think that those coins always attracted the ones with more greed than common sense.

For me, the mere thought of Craig Wright & Calvin Ayre being the central figures behind BCH & BSV, raises so many red flags that I don't want to be anywhere near those "cloins".

I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC.

...

10k € seems to be a tough nut to crack... It does seem that my prediction of $13k/BTC by the end of 2020 may (sadly) hold true...

Come on, Bitcoin, prove me wrong!

Will merit this post when replenished..... BUT, not for the prediction.... but I will for the new word cloin 🙃

[600watt]

there is this problem with inelastic money supply when it comes to a growing economy: if there is not enough money in the system it will slow down growth or even prohibit it completely. in that way gold became replaced first by supposedly gold backed money in the 18th and 19th century and since beginning of the 1970ies it became replaced by fiat money, not backed by anything.

this is why Keynesians don't like gold so much and are scared by bitcoin which seems being even more inelastic than gold with its fixed supply. Keynesian policy done right would mean that in bust cycles, when the economy is going into a recession, the government should step in and provide the stimulus through deficit spending. it would further mean to stop the stimulus as soon as the recession is over and then proceed to cut expenses and start saving when the economy swings back to a boom cycle. and this is what all governments and central banks did not do. in opposite they kept throwing out stimulus even bigger and faster, and did not safe anything to survive the next bear cycle.

Keynesian policy works much better in a crisis than austerity measures but its not Keynesian to keep spending flood gates open even in boom cycles. This way it creates inflation inevitably and the central banks even try to produce a 2% inflation p.a. which means after 20 years about half the value of your money is gone. (stolen by those who manipulate our monetary yardstick aka money.)

bitcoin is way better than gold since it exists in a digital form it can be easily split in 100s of millions of units. one bitcoin = 100mio satoshi. if is not enough elasticity there can be added more digits behind the dot.

fiat money can only answer to elasticity demands by producing more of it. the numbers in front of the dot get bigger, which means each unit gets less valuable = inflation

bitcoin can only answer to elasticity demands by dividing further (this is NOT diluting). the decimal point numbers (behind the dot) gets smaller, which means each unit gets more valuable = deflation

gold was sacked because it was inelastic in times of bust&boom. other than that is was a good sound money. bitcoin does not lack this elasticity even though it is scarce because it can be elastic "inside" - on the right side of the dot. bitcoin is the best money mankind has developed so far.

[LFC_Bitcoin]

Any football fans want to join our pool for the new season?

https://bitcointalk.org/index.php?topic=5270461.0

Just a bit of fun, chance to win some money. I came 11th last season but won it the year before & was 3rd the year before that.

For the past few years I've organised betting pools for the English Premier League along with the Champions League and World Cup, and now it's time for the 2020/21 Premier League pool which will kick off on the 12th of September. This year's pool is sponsored by Sportsbet.io and they've generously donated 0.15 into the pot along with some other great prizes (see details of below), so thanks to both jeremypwr and Sportsbet for that.

We will again be using the www.superbru.com website for predictions where you get 3 points for predicting an exact score, 1 point for a correct outcome (win/lose/draw) and 1.5 for a close prediction with correct outcome. Superbru is a free and easy to use site taking only a minute or two to register. You can change your scores right up until kick-off and you can even put your predictions in advance even for the entire season if you wanted to which is perfect if you think you might be away for the forum or not have a chance to make your predictions.

The price to join is 0.0045 in bitcoin and 100% of the money received is paid out between the winners. The total prizes will depend on how many people ultimately join, but based on 34 users joining at 0.0045 which will make the total pot a little over 0.3 the prizes will likely be as follows:

1st 0.1
2nd 0.05
3rd 0.04
4th 0.03
5th 0.02

6th 0.01
7th 0.01
8th 0.01
9th 0.01
10th 0.01

A little over 30 users joined last year's pool but I anticipate at least 40-50 users this year and hopefully maybe more. If many more users than that join I may increase the payout places to top 15 or so. However, I would also like to boost the above prizes a little as well to make it more competitive, but this will all be decided once users have finished signing up and the above prizes are likely the minimum you can expect to be in with a chance of winning.

In addition to the prizes above Sportsbet are also offering a free Watford shirt to every player who signs up (assuming you want one and subject to stock). They will also be offering a $50 free bet to every 'yellow cap' of the weekly round which is the user that gets the most points in that week. Finally, the best prize they're offering is one lucky player will be in with the chance to win an all expenses paid trip to a football game of their choice*. How it will work is everyone who joins will be entered into a raffle. The number of raffle tickets you get will depend on your final place in the table at the end of the season, for example:

Assuming 50 players join:

1st place will win 50 raffle tickets
2nd Place 49 raffle tickets
3rd Place 48 raffle tickets, and so on with the player who finishes last in 50th getting 1 ticket.

This way everyone who joins has a chance to win but the better you do the better odds you get at winning. Please note: I am only responsible for paying out the cash prizes and all other prizes will be handled by jeremypwr and Sportsbet.

*Full terms and conditions of the football trip raffle will be released shortly before the pool stars.

To join this year's pool simply send 0.0045** to the following address: 1Lt6vyUjFbT8Nu1GYtwF6YRX4UJHziBoFJ or scan the QR Code:



Once you have done so please PM me the txid and I will send you the details of how to join.

** The price to join will likely remain the same, but if the price fluctuates by a great amount I may change it to be more around £40 in bitcoin which is the current value as of today.

=========

Paid so far:

webtricks
swogerino
morvillz7z
Mbitr
TBA
TBA
casperBGD
buwaytress
Hhampuz
leea-1334
LTU_btc
DeathAngel
Harkorede
cryptofrka
trofo
slaman29
hahay
big_daddy
riffmax
tokeweed
examplens

Sorry for the shilling, just trying to get more people to sign up.

[AlcoHoDL]

Seems someone's getting desperate to justify his shitcoin collection

I think that those coins always attracted the ones with more greed than common sense.

For me, the mere thought of Craig Wright & Calvin Ayre being the central figures behind BCH & BSV, raises so many red flags that I don't want to be anywhere near those "cloins".

I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC.

...

10k € seems to be a tough nut to crack... It does seem that my prediction of $13k/BTC by the end of 2020 may (sadly) hold true...

Come on, Bitcoin, prove me wrong!

Will merit this post when replenished..... BUT, not for the prediction.... but I will for the new word cloin 🙃

Thanks man.

Yeah, I started typing "clone-coin", and then it came to me: Cloin !!!

It combines the words "clone" and "clown", both or which are perfectly suited for the jokers Wright & Ayre.

[OutOfMemory]

cloin?
So for shitcoin it would be shoin?

Shoin on, my Bitcoin Diamond...  

EDIT:
What about shills that don't have a usecase/benefit, so missing something important?

oin?

EDIT2: Is this still a pullback? 

[600watt]

nice lil crash. the day had some potential. all in ruins. bitcoin is ded.

[OutOfMemory]

nice lil crash. the day had some potential. all in ruins. bitcoin is ded.

King of the ded  

EDIT:

King deddy?

[600watt]

we worked our way back from 11155 almost to 11400. if the current 2h candle could get painted green in the next 20 minutes, that would be great. same with the ugly 4hr candle. 20 min left to turn this into something nice.

note that the dollar was stronger vs the € today and gained value. unfortunately that coincides with BTC going down.

[ivomm]

Thank you, some unknown clown at kraken for giving me 6-7% more coins for what I could have bought yesterday. The sum is not big, only $500 purchase, but still it happens quite a lot to buy from some panicked n00b at dips. In 2 weeks another $500 will follow that path, I guess in a similar scenario.

I don't envy those daily losers tricked to buy high and sell low. Usually the term "profit taking"  is applied, but it is misleading in many cases. I mean, if Bitcoin regularly hits price A after trading for a long time 2-3% below it, then selling >7% below it is by no means "profit taking".  If it is once or twice, it is just the usual weak hands. But this happens almost every other day in the last years. These are complete morons, whose nerveous sythem is a wreckage and give away their coins with a heavy total loss. Like those addicted gamblers, who take loans from mafia with the hope of a big stroke at the casino. It never happens and as a result they lose everything. New word suggestion: "traisers" #nopityforbears

[Lucius]

For those who may be looking for a reason for today’s mini dump - let’s just say Bithumb again

Police reportedly seize South Korea's largest crypto exchange Bithumb

In June 2017 hackers stole user information from a Bithumb employee's personal computer.

In January 2018 Bithumb was raided by the government for alleged tax evasion. They were found not guilty but still had to pay nearly $28 million in back taxes.

In June 2018 about $32 million of cryptocurrency was stolen from Bithumb in a hack.

In January 2019 30 out of 340 total Bithumb employees were laid off in response to declining trading volume and profits in 2018.

On March 29, 2019, Bithumb said that it was hacked. It pointed its fingers at insiders. Nearly $20 million worth of EOS and Ripple tokens were estimated to have been stolen.

On April 11, 2019, Bithumb announced a net loss of KRW205.5 billion (US$180 million) in 2018, a sharp turnaround from the KRW427.2 billion profit in 2017, despite 2018's sales rising 17.5% to KRW391.7 million. The company blamed the loss on the sharp decline in the price of cryptocurrencies and reduced trading volume.

[fillippone]

News:

To further expand our cryptocurrency options for Pornhub Premium, we're excited to announce that we now accept Bitcoin & Litecoin as payment methods! Coin http://bit.ly/3biOfPq

https://twitter.com/pornhub_premium/status/1300942357555183617

BROKE: Mass adoption incoming
WOKE: Which degenerate is going to pay for premium subscription?
AWOKE: Pornhub is meant for degenerates!


Little Known Fact:
During Italian lockdown Pornhub gave free premium access to the whole italian population.
https://www.nssmag.com/en/pills/21244/pornhub-premium-gratis-italia-coronavirus

[Torque]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders en masse at this point.

It seems nothing has really changed from when I posted this. Until other whale traders come in to play, this single entity is just going to keep splashing around and barting between $11K-12K.

[Karartma1]

snip

Little Known Fact:
During Italian lockdown Pornhub gave free premium access to the whole italian population.
https://www.nssmag.com/en/pills/21244/pornhub-premium-gratis-italia-coronavirus

You don’t just light the fuse and then stamp on it. And you don’t turn your back on your country in its darkest hour.
Hope you had fun with your free subscription  

[Phil_S]

NASDAQ over 12,000

[philipma1957]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders en masse at this point.

It seems nothing has really changed from when I posted this. Until other whale traders come in to play, this single entity is just going to keep splashing around and barting between $11K-12K.

This works for me as eth is whaling I mine eth at nicehash and auto vert it to btc.

So I am getting BTC cheap with a shit coin that I actually never dirty my hands with.

I was earn $25 in btc every day I am now earning $100 in btc every day.