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

[El duderino_]

[AlcoHoDL]

[...]

Main theme: You still have keys to your btc, but able to lend it out.

Sorry, Biodom, but the above highlighted statement doesn't make any sense. Either you misread it, or they're lying to you.


Edit:

WOers: just try to be extra careful in what you believe out there. Now that Bitcoin is slowly but noticeably gaining the recognition it deserves, and its price is approaching $100k/BTC, there will be loads of "profit schemes" (this reminds me of something) appearing like mushrooms, to tempt you into giving custody of your BTC to them, so that you can "earn interest" by lending your coins out. So, you could end up handing over your precious keys to some website that promises 10% interest or other tempting offer, and at some point you won't be able to log-in, and then you'll know your coins are gone! Don't be greedy. Bitcoin's price has risen so much over the years, and will continue to get even higher, up to $millions/BTC. What more do you want? Does an extra 10% gain on your stash really justify handing over your keys? Fuck NO!

Don't be a fool.
Don't be a weak hand.
Don't mindrust your stash away.
Just HoDL.

[BitcoinGirl.Club]

Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!

You are wrong, it's an Elephant Ant!!! Such huge, I never seen in my life 😂

[Biodom]

[...]

Main theme: You still have keys to your btc, but able to lend it out.

Sorry, Biodom, but the above highlighted statement doesn't make any sense. Either you misread it, or they're lying to you.

Believe me, I am skeptical myself and so far never lend out any, but you can call me curios since there is no tax event, no wrapping and no cough-eth-cough involved.
Here is what that head honcho says (scroll down to especially 6-9 in the thread)...and don't shoot the messenger:
https://twitter.com/muneeb

my guess would be that most risk would be that btc price growth might exceed the posted collateral. If so, this might be a weakness.
Is that head honcho trustworthy himself? Remains to be seen, but they were associated with George Gilder afaik.

[AlcoHoDL]

Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!

You are wrong, it's an Elephant Ant!!! Such huge, I never seen in my life 😂

Naah. It's an elephANT!

[d_eddie]

[...]

Main theme: You still have keys to your btc, but able to lend it out.

Sorry, Biodom, but the above highlighted statement doesn't make any sense. Either you misread it, or they're lying to you.

Believe me, I am skeptical myself and so far never lend out any, but you can call me curios since there is no tax event, no wrapping and no cough-eth-cough involved.
Here is what that head honcho says (scroll down to especially 6-9 in the thread)...and don't shoot the messenger:
https://twitter.com/muneeb

my guess would be that most risk would be that btc price growth might exceed the posted collateral. If so, this might be a weakness.
Is that head honcho trustworthy himself? Remains to be seen, but they were associated with George Gilder afaik.

Aha, now I see. Lender makes a btc transaction to the borrower. So, no longer the lender's keys. This checks out.

If the btc are not back by the given time, the collateral is released (to the lender, I suppose). So the risk would be an insolvent borrower AND the collateral not covering the "new" value of btc at loan expiry. This also checks out.

What does not check out is the following. Imagine being the borrower. Imagine being asked for, say, 200% collateral. Maybe in USDC/USDT? OK. So at expiry, if the btc you borrowed is worth more than the collateral, why give the loan back? Let the lender just have the collateral. On the contrary, if the btc you borrowed is worth less than half the collateral, give it back of course, and keep your relatively precious collateral. In other words: a shorter's paradise. (EDIT - No: it's more like an arbitrage, since it's impossible to lose if this is all there is to it.) Am I missing something? It's obvious I am, but I don't know exactly what - or I wouldn't be missing it  

Another thing that escapes me: if you can post, say, 100k usd collateral, why would you borrow a bitcoin rather than buying one - or two? For simplicity, I'm assuming 1btc = 50k$.

Biodom, have you been able to figure this one out?

[JayJuanGee]

1 BTC = 1 Lamborghini Aventador, when?
Right person to guess should be awarded in future by theymos's son.

You claim to be a bull or whatever, and you have difficulties making any kind of reasonable and meaningful bullish statement.

At current prices there are various levels of Lamborghini Aventador.  So entry level is around $250k and higher end would be around $1million...   Let's just put the current medium level price at $500k of the sake of argument.

Accordingly, do really believe that it will take a generation (let's say 20-30 years) for bitcoin to do another 10x or less from here?  

The reality of the matter is another 10x could come in this cycle, and it becomes even more certain to be possible within the next cycle (absent something breaking in bitcoin).. so that would be another 5 years - hardly even close to another generation.

Yeah, there are no givens, including the asymmetrical bet of bitcoin, but these bearish assertions regarding what is possible in bitcoin seem to be failing and refusing to recognize bitcoin for what it is and how the prices are likely to play out... again.. nothing guaranteed for sure.

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

Another proclaiming to "wannabe bull" in bear clothings:

Bitcoin up 20x..

Bigmacs up 10x...

Something like that.  That seems a bit of a bleak picture.  You are correct, and it does not seem very realistic, either. 

You seem to be suggesting way more BTC price correlation to other asset classes that has NOT historically played out in the way that you are projecting.. but hey, you can be down-troddened all you like by trying to see a glass as half empty, when both the actual facts and the likely direction remains much more optimistic than you seem to be making them out to be.

[d_eddie]

Long fight at 59k. Coil baby coil.

[Hueristic]

https://www.youtube.com/watch?v=vquKyNdgH3s

[xhomerx10]

https://www.youtube.com/watch?v=vquKyNdgH3s

 Oh thank God you've found this!  We thought it was lost forever.  Original title: "Lord of the Rings on Less Than a Buck Thirty US"

[Hueristic]

https://www.youtube.com/watch?v=vquKyNdgH3s

 Oh thank God you've found this!  We thought it was lost forever.  Original title: "Lord of the Rings on Less Than a Buck Thirty US"

Waiting for the moment I'm soo bored I can force feed it to myself.

Would be fun to see some graphics artists have some fun with it and see what they can accomplish for a school project.

[Hueristic]

Magnet link for the facebook flat files. 15G

magnet:?xt=urn:btih:0595273ab674e05131a757f69f494a4285b429aa&dn=Facebook%20Leak%20%5b2019%5d%5b533M%20Records%5d%5b106%20Countries%5d

[Searing]

Long fight at 59k. Coil baby coil.

First read it as 'oil baby oil'

Then realized...hell...that works too!

[d_eddie]

It works also when NGD though. It's just the color of the dildo that changes.

[JayJuanGee]

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

With the current Big Mac to BTC price index it would either mean a $10,000,000 BTC /$1000 Mac or a $1,000,000 BTC / $100 Big Mac unless you believe BTC can drop 90%.

Sure, bitcoin's price could drop 90%, which would be around   $6k - but it is NOT very likely and not likely
More likely, BTC prices would need to go up to $150k or more before they are going to be "eligible" for a 90% dip, and that would be bringing BTC prices down to about $15k.

The numbers just do not add up, including that getting more than a 75% dip will be quite difficult unless we go above $200k, which would bring prices back down to $50k.

I understand that a lot of these ideas come off as woo woo.. but there will remain questions about severity of any dip and also the conditions upon which such a severe dip might happen - whether it happens from current prices or if it were to happen after a certain amount of BTC price appreciation, and historically we have seen that the BIGGER kinds of dips largely become possible after the BTC price has gone up so severely and for such a long period or a steep period that a BIGGER kind of dip becomes within reason... so something seems quite wrong with a $1million BTC and a $1,000 BigMac.. just seems like it logically does not add up, whether we are referring to current ratio or trying to extrapolate various kinds of possible future scenarios that would allow one or the other to be achieved or still to be able to allow both to be achieved, which really seems like an outlining of various sets of events and outcomes that have very low odds of playing out.

So, Jesus is dead
But don't you worry, he'll be back
Just like bitcoin will

Assumes facts not in evidence.

I would not suggest anything less than a 15% to 20% drop from our current ATH to be anything that is actually "down."

That would be lower than anywhere between $49,300 and $52,500.

Otherwise we remain pretty much UP.. and UP in such a way that is largely at the top of the range.. and knocking on the door of another ATH.

I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.

With the current Big Mac to BTC price index it would either mean a $10,000,000 BTC /$1000 Mac or a $1,000,000 BTC / $100 Big Mac unless you believe BTC can drop 90%.

https://twitter.com/danheld/status/1378410323653193729

My comment was a reply to that, point being, if we reach $1,000,000 through hyperinflation, then it's not much to celebrate.

Yes.  Some peeps have "hyperinflation" theories that attempt to explain why the BTC price is going up.  Those theories are not correct (even if they have some evidence to support them). 

In other words, the honey badger, aka king daddy, aka lil fiend, aka dee corns, aka bitcoin don't give no shits about ur dumb ass hyperinflation that may end up exacerbating a preexisting condition. 

In udder words, bitcoin is going up whether there happens to be hyperinflation or not.

[Elwar]

Bitcoin as stable as it has been for the past month is not very indicative of the top of a bubble.

We're building a floor.

[JayJuanGee]

r0ach was kind of fun, I actually liked him. The persistence and negativity was always a fun thing to read. Made me feel somewhat normal.

I have a bad feeling about r0ach. Would like to hear from him again, but I'm afraid we never will.

Yep.  Probably dead.

Rip roach.

I always check the price every hour (mostly..).. So I can know if I have to sell more or not.

Protip:

Those of us who got richie as fuck from bitcoin.. rather than fucking around staying poor like an imbecile (aka Save the RF) also check the bitcoin price several times a day, but we are checking the BTC price in order to verify if we are going to buy or not...

A bonus protip.. you do not become richie by selling your BTC.

[philipma1957]

Bitcoin as stable as it has been for the past month is not very indicative of the top of a bubble.

We're building a floor.

Nice wide base which will make the take off better.
Sideways with an upwards bias.
One more day added to the ledger.

[Heater]

Really interesting price action at this level.
It is giving the moving averages a chance to catch up.
All the signs are bullish - but Bitcoin always finds a way to surprise us.

[xhomerx10]

Magnet link for the facebook flat files. 15G

magnet:?xt=urn:btih:0595273ab674e05131a757f69f494a4285b429aa&dn=Facebook%20Leak%20%5b2019%5d%5b533M%20Records%5d%5b106%20Countries%5d

https://haveibeenfacebooked.com/

What data has been leaked?
Along with phone numbers, the following data has been leaked:

• Facebook Account ID
• Full Name
• Gender
• Relationship status
• Home address and birth location
• Workplace