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

[600watt]

That is my point! I'm having 'issues' with seeing $20k BTC as Bearish! (come, on....my first BTC was made at $150 on Sept 18th, 2013 for crying out loud on

a KNC Jupiter Machine..that I had to email tech support as it had no frigging ON switch...for $5,313.80 usd for crying out loud...they had me use a cut off paper clip with

black elec tape at one end to JUMP the Corsair 1200 PSU for crying out loud! So I closed my eyes, and 'wet myself' a litle bit and bingo it worked But 'really'? $20k is

bearish in 2021? When the low as what? $3,400 usd in 2017? ...sheesh...

(on second thought, assuming you are right the 'worst' that can happen is $20k....er nerver mind you are correct...I'll just amble off now)

stop shitting on knc. they DID deliver. you think it would have been better to participate in any other pre-sale of that time, like cointerra? hashfast? and god forbid butterflylabs? the bitcoin you own you mined with knc. everyone and their grandmother was shitting on knc from the getgo.  I wanted to invest in mining in 2013 and thought a Swedish company (knc) would probably be the least likely to scam their customers. because of ethics. took the effort and took a flight to Stockholm to visit their headquarters. was able to get into first batch of first knc gear. (the invoice I got from knc had the # 00001) big thanx to their CEO Sam Cole.

folks who had invested in any of the competition got screwed royally.

here is a link to a medium post by Sam Cole.

https://medium.com/hackernoon/asicboost-655a73d48ae4

KNC IN THE ABOVE is just dandy...but it was me! I was freaked out that i paid that $$$ to KNC as a 'newbie' and they had no frigging SWITCH on the machine...
it gave me pause indeed! I mean...a frigging newbie...the unit arrived full of water...and box in tatters/soggy...(not knc's fault) it was a rough day for my
newbie self...looking for the damn switch!

i was very much tempted to let those knc rigs being sent over to my address back then. since I was a much bigger noob than you I decided to let knc do the mining  for me. no shipment delay and they had to work with their own products. but it had its downsides also. cool times....
nice that you are still around to tell the stories. hope I didn't come across rude. if so: sry 

[1713908053]

1713908053

[600watt]

just imagine just 10% of the 345 million PayPal users decided to buy a bitcoin.

oops... 

[Cryptotourist]

just imagine just 10% of the 345 million PayPal users decided to buy a bitcoin.

oops... 

Nothing much will happen to BTC imo, whereas paypal's revenue might go off the roof.
For the time being, paypal acts as a distraction - misleading it's user database away from the real king.

I suppose any publicity is good publicity though.
Until those paypal investors get royally fucked or something, and watch their so called BTC investment transform into paypalcoin shit.
When/if that happens, paypalcoin will probably outperform BTC too - for one freaking second - like a true shitcoin does.

I really don't like these paypal news, and I hope that I'm wrong.

[philipma1957]

just imagine just 10% of the 345 million PayPal users decided to buy a bitcoin.

oops...  

Nothing much will happen to BTC imo, whereas paypal's revenue might go off the roof.
For the time being, paypal acts as a distraction - misleading it's user database away from the real king.

I suppose any publicity is good publicity though.
Until those paypal investors get royally fucked or something, and watch their so called BTC investment transform into paypalcoin shit.
When/if that happens, paypalcoin will probably outperform BTC too - for one freaking second - like a true shitcoin does.

I really don't like these paypal news, and I hope that I'm wrong.

As I asked others before you. what would be major adoption to you?

This is a 345 million account company.
if every account held 100 usd in btc it is 34.50 billion in btc. current btc cap is 240 billion

what happens if Citibank does this it lets you have a debit card for btc and you can put btc in it with your Citibank checking or cc

So when you look at your Citibank statement

it has

 checking account
 savings account
 cc account
 btc account

Don't think it can't happen

and then Wells Fargo follows it

and 3 or four other banks follow it.

You are looking at the banking blueprint of the future.

And it is neatly rolled into the world bank system. This is what they are looking to do.

[Cryptotourist]

As I asked others before you. what would be major adoption to you?

This is a 345 million account company.
if every account held 100 usd in btc it is 34.50 billion in btc. current btc cap is 240 billion

You're talking about a company dude. A corporate company. BTC has nothing to do with companies. Well, apart from the fact that everybody wants big chunks of it.
Major adoption would be having a class in nursery school, educating the little ones on what money should be like: free. BTC stands for monetary freedom.
We both know this ain't going to happen - any time soon anyway.

Until it is confirmed that every paypal purchase of the so called BTC, is backed by real ones that you can transfer around and pay for things, all this is nothing but misleading.
As I already mentioned:

Nothing much will happen to BTC imo, whereas paypal's revenue might go off the roof.

[Cryptotourist]

You are looking at the banking blueprint of the future.

Sure I am. BTC without the need for banks though.

And it is neatly rolled into the world bank system. This is what they are looking to do.

They are looking to make a better position in BTC. You know, the one they missed out on - obtaining 99% of BTC in existence.
Satoshi really fucked them there, so don't do them the favor either.

[PoolMinor]

It's hope that brings wealth
and uncertainty brings pain
Bitcoin brings them both

#WOHaiku

[xhomerx10]

El duderino asked for a hat with the Dicaprio meme image on it which I made:

 

 avatar-sized

 


 but shortly afterward, bitebits suggested an even cooler version for His Dudeness:
 White Russian added (facial tone was altered to match the hand as well)

 

avatar-sized

 


A melding of the memes.  I hope the universe can handle it; I would hate for it to explode before Bitcoin moons.

[philipma1957]

Nice hat.

[philipma1957]

You are looking at the banking blueprint of the future.

Sure I am. BTC without the need for banks though.

And it is neatly rolled into the world bank system. This is what they are looking to do.

They are looking to make a better position in BTC. You know, the one they missed out on - obtaining 99% of BTC in existence.
Satoshi really fucked them there, so don't do them the favor either.

This means they realized that can’t beat it the way they were trying to beat it.

So they are going to try to roll it into their products.

No more complicated then this.

[greenslope]

just imagine just 10% of the 345 million PayPal users decided to buy a bitcoin.

oops...  

I guess some missed the point .

We can boycott them. And if we all did : by using, developing and improving the myriad of p2p opensource alternatives, we won't be corralled. Otherwise, just trust them, there is no slaughtering house at the end... it's a fake news conspiracy... Are you sure to want to see the end of the "tunnel"?

[ivomm]

As I asked others before you. what would be major adoption to you?

This is a 345 million account company.
if every account held 100 usd in btc it is 34.50 billion in btc. current btc cap is 240 billion

You're talking about a company dude. A corporate company. BTC has nothing to do with companies. Well, apart from the fact that everybody wants big chunks of it.
Major adoption would be having a class in nursery school, educating the little ones on what money should be like: free. BTC stands for monetary freedom.
We both know this ain't going to happen - any time soon anyway.

Until it is confirmed that every paypal purchase of the so called BTC, is backed by real ones that you can transfer around and pay for things, all this is nothing but misleading.
As I already mentioned:

Nothing much will happen to BTC imo, whereas paypal's revenue might go off the roof.

"PP lying about real buying of bitcoins and thereforee it won't contribute to the mass adoption" is pure FUD, started by the same nocoiners and shorters who got caught with pants down. Practically 100% of them are on my ignore list from before, when I noticed they are conspiracy theorists or just bitter FUDsters. I wonder what was the point of ignoring them when the rest are quoting them and even meriting their nonsense posts.

Anyway, this conspiracry type of people of course will suspect PP to play tricks and not buy real bitcoins. Only hardcore flatearther can figure a way for such a large company to try something that even most ponzis can't do.  What about bitcoin exchanges? They are also companies. How are people going to buy bitcoins without any of those: banks, credit cards, exchanges. Localbitcoins? But they use PP  as well . All these are just nesessary means for the mass adoption.

So next time try something better - like "bitcoin is overbought" or my favourite "the halving was priced in". Take your pick,  I don't care.

[philipma1957]

just imagine just 10% of the 345 million PayPal users decided to buy a bitcoin.

oops...  

I guess some missed the point .

We can boycott them. And if we all did : by using, developing and improving the myriad of p2p opensource alternatives, we won't be corralled. Otherwise, just trust them, there is no slaughtering house at the end... it's a fake news conspiracy... Are you sure to want to see the end of the "tunnel"?

34.5 million btc can not be sold. as only 18.5 of 21 are out and mined.

i think many believe the coins sold by exchanges and now paypal don’t exist.

well then there is not much you can do about that.

it is how the big money people of the world will control btc down the road.


This has and will always be the way to fuck with btc.

simply sell coins and trade coins you don’t have.

banks do fractional reserves.  this is what will be done to btc. not in a day or a month but down the road.

I think we close over 13k today. lets see.

[Karartma1]

And it's moving again. Carolina doesn't sleep

[PoolMinor]

Thank you Bitcoin.....






https://youtu.be/IuUDRU9-HRk

[Cryptotourist]

"PP lying about real buying of bitcoins and thereforee it won't contribute to the mass adoption" is pure FUD, started by the same nocoiners and shorters who got caught with pants down. Practically 100% of them are on my ignore list from before, when I noticed they are conspiracy theorists or just bitter FUDsters. I wonder what was the point of ignoring them when the rest are quoting them and even meriting their nonsense posts.

OK, I'll play along - buy some corn on paypal, and ... send it to your cold storage wallet. Wait, no?
Hell, pay for something with it. Wut, again no?
How is it BTC then? Where is the power to transact without anybody's permission?

This is no conspiracy, so don't try to play that angle.
It's the way governments tackle the BTC issue via companies and banks. Up straight, not conspiring, by selling something else instead of BTC to the herd.

What about bitcoin exchanges? They are also companies. How are people going to buy bitcoins without any of those: banks, credit cards, exchanges. Localbitcoins? But they use PP  as well . All these are just nesessary means for the mass adoption.

Eh, no. It is not necessary to give up your wealth to a third party.
Exchanges (companies - yes) at least have the decency to let you own it.

There, this is not FUD, but rather reality - instead of corporate fantasies:

Until it is confirmed that every paypal purchase of the so called BTC, is backed by real ones that you can transfer around and pay for things, all this is nothing but misleading.

I'm no shorter, FUDster and definitely no nocoiner, so instead of repeating myself, I would appreciate it you put me back on ignore and leave our debate here.

[Cryptotourist]

It's the way governments tackle the BTC issue via companies and banks.

FTFM:

It's the way banks tackle the BTC issue via governments and companies.

[bitcoinPsycho]

[TheJuice]

How's everyone feeling today? Corn looking strong. Think we will see the run to 14k this weekend?

[Hueristic]

governments ... companies and banks.

I seriously cannot tell the difference anymore.