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

[d_eddie]

OT: Ah yes...the MSM back at it again with their Bitcoin hit pieces 

Here's Why I Won't Buy Bitcoin, and You Shouldn't, Either
https://www.fool.com/investing/2020/12/20/why-i-wont-buy-bitcoin-and-you-shouldnt-either/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

Ya hear that Average Joe, stay the fk away from Bitcoin!

They call themselves Motley Fool for a reason.

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[marcus_of_augustus]

bitcoin is the native currency electricity ... it's surprised me applications like this for metering electricity in bitcoin aren't more widespread (most likely due to the volatility/immaturity of bitcoin pricing)

Charging your Tesla using the Lightning Network.

I've developed a set of prototype payment modules that allow for electric car charging by making real time machine to machine micropayments over the bitcoin lightning network from the car to the wall charging unit. 

http://andyschroder.com/DistributedCharge/

[sirazimuth]

Reminds me of roach...

Ah yes... the realroach...

♫  ♪  Memories are Made of This  ♪   ♫ .....

Oh wait ...nohomo....

[600watt]

meh

[OutOfMemory]

Saudi Arabia closes all its borders to all countries.

France/UK border closed.

Domino effect..

How will the world looks like next week?

Worldwide hysteria, every country locks down, world economy tumbles, wallstreet indices drop to zero, while insitutions, governments and big corps hedge into bitcoin. Elon musk will start it with a tweet. bitcoin $1m Q1/2021. The world is forced to accept and integrate bitcoin. hodlers unite with uncovering Satoshi and buy the world to make it a free place.

oh shit, i woke up, what a weird dream i had...

[Wekkel]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

I wonder where this guy went? 

[600watt]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

I wonder where this guy went? 

he went....



....broke. 

[d_eddie]

Back at this, which I think can be used to make a couple of points clear.

OT: Ah yes...the MSM back at it again with their Bitcoin hit pieces  

Here's Why I Won't Buy Bitcoin, and You Shouldn't, Either
https://www.fool.com/investing/2020/12/20/why-i-wont-buy-bitcoin-and-you-shouldnt-either/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

Ya hear that Average Joe, stay the fk away from Bitcoin!

The problem is that bitcoin lacks genuine scarcity. Its perceived cap of 21 million tokens exists because of computer code. Last I checked, code can always be erased and rewritten. While it's unlikely that a community consensus would be reached to increase the circulating supply of bitcoin, the possibility of this happening isn't zero.

Point 1: They have no clue about past Bitcoin forks, don't know history and feel entitled to say something just because their audience has even less of a clue.

By comparison, a precious metal like gold has a hard supply limit. We can't use alchemy to make more gold.

But we can reopen closed (and still potentially profitable) mines. It could even be conceived that some big power could throttle production to manipulate the price... but what am I thinking? There's no such need, when you can just manipulate paper gold. As for fiat money, gold parity is a thing of the past, so it's basically irrelevant.

Point 2: They have no clue about the gold market.

The only gold that's available is what's been mined or is still underground. When the only parameter of scarcity is written computer code, that's not true scarcity.

Sure, like diamonds. Scarce by Divine Decree, right?

Point 3: Points 1 and 2 might be off. In which case, the Motley Fool knows these things; he's just bullshitting clueless readers.

[serveria.com]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

I wonder where this guy went? 

Still waiting prolly... skeleton_waiting_forever.jpg 

[Toxic2040]

[serveria.com]

I hope this soldier is gay... and where's season's greetings? U r doing it wrong... 

[serveria.com]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

I wonder where this guy went? 

he went....



....broke. 

In fact, it seems he's quite active in the Turkish forum (last seen today?). I tried to google translate and it seems the guy has turned bullish:

If we don't crash, which is $ 100,000 (YTD) after 2025, you know, everything happens at any time.
 
The Bitcoin, which is in my heart, is no longer priced in dollars, but we will see if those days will come. The days when everything is priced according to bitcoin. (Whales crush it whenever we go on gas)
To be honest, I am entering the 21st century with 2021 not only bitcoin but other cryptocurrencies and metals that I value.

Ytd.

[ivomm]

Elon Musk tweet discussion  

How such a progressive, futuristic person such as Elon Musk could *not yet* be onboard with Bitcoin treasuries full tilt is completely beyond me.

I could say the same for such companies as Microsoft, Apple, Google, Amazon, etc.

Methinks that powerful people have kept them dissuaded for years now.

the epicness of that twitter conversation is hard to grasp. them billionaires are coming.

Yeah, this is mind-blowing indeed. It was noted on bloomberg site as well https://www.bloomberg.com/news/articles/2020-12-20/u-k-s-hancock-says-new-covid-mutatation-is-out-of-control
Meanwhile Bitcoin does what she does in a bull market. After a short lived 5%-ish dip, a new pump followed leading to a new ATH of $24 298 (Bitstamp). And as we could expect the small fish eated that 1% gain they dreamed of. I mean only the skilled traders. The rest registered 5% stop loss, again. The same morons did this exercise over and over again at prices 9K, 10K, 11K and so on. They can't read the sings which are so big that they bump their heads against them - billions of fiat flowing into Bitcoin each weak. The bitcoin balance on exchanges continues to decrease rapidly, which shows that the top is way too far yet. In the last 6 months the holding gave a 2.5x profit. In the next year it won't be lower for sure. Instead, hundreds of stop losses just because the trend changed for several hours. What is the profit after so many stop losses and rare 1% gains always boggles my mind. But some people clearly have no brains for that simple math and science  

[jojo69]

[explorer]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

I wonder where this guy went?  

I dunno.  Looks good to me.

I mean, apart from that weird red line...

[savetherainforest]

Big: https://i.imgur.com/QAuHAJv.png

Updated new user Hat: mikeywith

https://www.wohats.com/

That sh!t will get us into trouble at some point...

I already feel leeches breathing on my neck and had to tell everyone that I sold and bought some cent stock coin like XRP. ... I will soon have less sh!tcoins to throw the blame on and telling people I lost money on them, but that:  "I'm confident in BTCiTcoin."

[BTCaesar]

it is so me... as a newbie!

[sirazimuth]

So I always like to check the latest bitcoin-obituaries  during a pump for the "other side" commentary.
And this dude doesn't disappoint.
You know they are completely out of touch when they start with the tulip nonsense.

"Blah blah blah... tulips... blah blah blah... echoing same no coiner shit, different day... blah blah blah...."

Not to overwork the cliché, but I cant resist...have fun staying poor!

[Xian01]

[sirazimuth]

lol...
I swear, my edit to above post came before I saw this one^