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

[LoyceV]

Tethershit coin is a threat to financial stability.

It's kinda funny: I read more and more news reports about how dangerous Bitcoin (or crypto in general) is. First it was a risk for consumers to lose all their savings (as if banks care about consumers), now it's a risk "for financial stability". Central banks, "normal" banks and credit rating agencies all feel the need to share this information every couple of days.
It's never the Brrrrrrrrrrrr that's a thread to financial stability, it's always those evil Bitcoins that government can't stop, can't break, can't ban, can't freeze, can't negotiate with and can't contain!

If governments want to convince me Bitcoin is bad, it only strengthens my belief I'm on the right track. And I believe Bitcoin has much better odds for - say - 10 years from now than dollars or euros.

[B1tUnl0ck3r]

Tethershit coin is a threat to financial stability.

It's kinda funny: I read more and more news reports about how dangerous Bitcoin (or crypto in general) is. First it was a risk for consumers to lose all their savings (as if banks care about consumers), now it's a risk "for financial stability". Central banks, "normal" banks and credit rating agencies all feel the need to share this information every couple of days.
It's never the Brrrrrrrrrrrr that's a thread to financial stability, it's always those evil Bitcoins that government can't stop, can't break, can't ban, can't freeze, can't negotiate with and can't contain!

If governments want to convince me Bitcoin is bad, it only strengthens my belief I'm on the right track. And I believe Bitcoin has much better odds for - say - 10 years from now than dollars or euros.

the us gov captured by the globalist/wef...

follow the logic :

gmo = good
global one world gov = good
pedo = good
bitcoin = bad
fiat = good
experimental injection = good
trump lost with the most votes ever = true
fbi didn't cover up 911 investigations = false
only two arrest on pedogate = just
putin = bad
trump = bad
trump lost = true

etc

they are so pahtetic, who still trust them but the taiwanese corrupt gov... and of course americans too proud to accept they have been conned like little children... domesticated and captured.

edit the more I do the list the more I realize most people are like a .conf file...

[ChartBuddy]

Explanation

[Torque]

OT: Mike. Fkn. Drop.
https://twitter.com/BrittRooted/status/1427849481551106056

Hopefully the next mayor of San Diego.

[JayJuanGee]

Does not look like a scam to me.  They have backing, and they have been attacked for years, including likely USA complicitness when they had $800 million or something like that taken from them when it was "in dollars" and supposed to be held by a supposedly legitimate institution. that fucked them over and then the USA government was opportunistic to blame tether for some bullshit stuff that they likely enabled.. rather than attempting to get the $800 million back to Tether (the proper owners of dat supposedly legitimate backing kind of value).. Tether has done pretty damned good over the past 6 years or so.. given how much they had been working outside of the acceptable systems that would have shut them the fuck down, if they could have done so without causing their own backlash - further going underground or going out of jurisdiction - issues.

In other words, you are repeating variations of dumb-ass talking points that we have been hearing since about 2014 whining about tether being a scam that is way less true than you are making it out to be and ultimately they are likely way more of an ally to the goals of many persons who support bitcoin rather than their lame-ass stable coin imitators that try to appear more legitimate.. blah blah blah.

I should be rolling my eyes at the seeming intensity of your nonsense assertions, fr4nkthetank... not the first time either that you have come out with various baloney.. are you even a coiner?  

Hah, I remember screeds like this shortly before MTGOX went pop. Hopfully this is similarly portentous. It's overdue.

Also ironic that someone so apparently against shitcoins would white knight for the shittiest of shitcoins (possibly excepting XRP), USDT.

We see the matter differently... richie.. and not that we can exactly consider that you have any kind of persuasively credible perspective when it comes to something like the role of tether or its potential solvency. since you had been so easily lured into thinking that there was actual legitimacy in those fairly obvious bcash scam variants.

For sure, he must be stealing your "original" ideas.  He's probably reading the WO to get your intricate details...   


Hi Willy......  or do you prefer Mr. Woo?

It sounds almost like saying Mr. Wwwwwwwwweeeeeeeeeee......


 

I am just saying "great minds think alike".  I think he might be right... and have been saying it for over a year.  Never claimed to be the originator of the idea, but i did come to the conclusion fairly independently.  Never been a Dan Held acolyte, but I think he was early on with all the "supercycle" stuff.

I think Willy's take is a little more nuanced.  It does not completely throw out the 4 year cycle thing, but more sort of dampens it.  I personally think the halvings will still have some impact, but I believe the early roller coaster days are a thing of the past to *some* extent.  But there is even nuance there.  I could say insterad of 80-90% pullbacks we could see 50-60, and then less etc.  And instead of one big parabola and one big crash we could see gentler more frequent waves.  As well as the possibility of a really crazy upward push thrown in...  I think the quadrennial bitcoin cycle will become less and less of a "thing' as adoption increases.  This makes a lot of sense because of both the lessened actual value of the next halvings (50->25 is a way bigger drop in nominal terms than 6.25->3.125) as well as the larger field of players will also create more liquidity and lead to less SHOCKS.

My thesis in bullet points:

• Halving impact is reducing
• Magnitude of waves will reduce*
• Frequency of waves will increase
• *Possible one more really big UP wave (and possibly the mother of all of them)

I stand by my earlier digg.. and sure, your further explanation puts your position into some better context.. so thanks for that.

[Dabs]

So I find myself constantly musing the paths forward...

We could follow a rational, predictable (in hindsight) curve that just keeps grinding away, and when you zoom out just looks like a smooth ramp up.  The fact that the higher we go (especially from a logarithmic basis) the more it takes to move us supports this.  It has the fact that the patient will be rewarded, and there can be many dead bodies along the way of people "glad to get out before that last crash".  As bitcoin gradually monetizes.

It will eventually get to those absurd numbers, and by then, it won't seem as absurd anyone once it is the present and reality. And by absurd, I'm talking about the Hal Finney numbers of $10m, to the other projections that I have seen going up as high as $50m to $100m per whole coin.

We just need to live long enough to see our BTC pay for everything we would ever need (assuming we have say 1 BTC, and we don't need anything more than $50m to $100m in our lives.)

[xhomerx10]

As you are a little bit the geniuses of this forum (below the code makers of course) but way more informed, what do you know about the family of Anthony Fauci?

Please feel free to join this post with your updates and comments, to let the flows of the wall clean (I know you do all the time only bs here, but some more awake sometimes drink here...

I don't know nothing, isn't very strange for a man who sought to rule my body, my life, and even my immune system? so who are they? where are they? what are they doing? maybe they are just lab rats to him too? who knows... time will as always tell...

I read that he has 3 children, are they vaxxed? with which brand? curious, good question isn't it? that the msn should have asked? why not? leading by example isn't it? As they are adults, his 3 daughters, maybe he has grand children? and his parents? has he brothers or sisters? So many question arise in the weaks who will forget them, even if they had the answer in front of their eyes...

edit: 3.2.1. suchmoon cmg7 etc will arrive... asking about their "god" should be forbidden but isn't it science afterall?

Thx...

  His family shouldn't concern us.  They're not public figures.
 If you really want to know about their medical status though, all you have to do is employ them and then apparently you get to demand they get vaccinated and prove it to you so you would know it all.

[JayJuanGee]

• Halving impact is reducing
• Magnitude of waves will reduce*
• Frequency of waves will increase
• *Possible one more really big UP wave (and possibly the mother of all of them)

This year we will see 90% of the bitcoin supply mined already. Between now and 99%, which is in the year 2035 there will be a few halvings, and I think the mother of all happens somewhere in the middle. Past that, there's not much left to make any significant effect.

By the year 2048, we have 99.9% of supply. The next 100 years to the year 2140 (or as some predict maybe even earlier, but just a few years) is a 0.1% increase to 100% of all bitcoin supply.

But we also know price does not immediately follow these milestones, it may take some time for these numbers to sink in before people, retail, and institutional investors and even countries to buy in.

I think the biggest factor to consider is when we reach that 0.1% of Bitcoin because that is when we should see stability of the price. If you think about it the volatility of Bitcoin is because it has frequent injections of Bitcoin into the circulation of the market this is done by block rewards and then you have low levels of transactions (when you compare to other mainstream currencies) and Bitcoin is still new being just over 10 years old. When we reach 2048 that is when the block rewards do not inject as much Bitcoin into circulation, the currency is now established and is not new yet and the majority of the world will be invested in Bitcoin or using it which will allow us to reduce the amount of volatility we see today. We should then see more people using Bitcoin for its intended purpose as a currency instead of a reserve currency. Most products will hopefully we able to be bought with Bitcoin and Bitcoin would be challenging or already taken over as a mainstream currency. Hopefully by then centralized banks are no longer existing.

Several of those expectations are not bad, elliottflz65; however, I have some conceptual difficulties plugging in too many assumptions in regards to either the level of adoption or the magnitude of thew direction (outcomes of various battles that may play out)..

I am pretty sure that you are correct directionally in regards to less and less cyclical volatility, but that would not necessarily suggest that there would not be other kinds of volatility that is just not tied to previous cycles of volatility that have so far been programmed in, and really seems logical that such lessening of rewards takes away that specific kind of cyclical volatility..

And maybe it is not even too much of a stretch to presume that various kins of bitcoin adoption from individuals, institutions and governments is going to continue to increase at decently high levels and then cause bitcoin's market cap to go up and both cause less volatility but also make it much harder for anyone, even the then BIGboys, to manipulate bitcoin's price..

....but if we are presuming about magnitude, then still too many assumptions in there for me, even if some of the outlining of various UPpity scenarios are relatively fair presumptions in regards to likely ways that future bitcoin battles will play out in bitcoin's favor.....but still how much..

Is it really inevitable for Bitcoin to follow a kind of mathematical trajectory when we have human behavior in the mix, too.. including that there could be both set backs and advances that go on within short periods of time, but I am hardly convinced that the adding up of all the plusses and minuses of what could happen inevitably leads to some kind of realistic quantification of where the trajectory is going to be in terms of magnitude expectations, even if the odds seem quite great that you are directionally correct..

I would speculate that getting magnitude of bitcoin's adoption, advances and lessening of volatility correct would be more a matter than luck than something that could be predicted with any kind of high level of confidence.   

[goldkingcoiner]

schizophrenic bullshit

Who is this guy? Roach-Lite?

GTFO our thread.

[Richy_T]

Goin' up y'all

[d_eddie]

schizophrenic bullshit

Who is this guy? Roach-Lite?

GTFO our thread.

Not even half as entertaining as r0ach.

[ChartBuddy]

Explanation

[d_eddie]

Goin' up y'all

Up and up she goes
OGs looking at the moon
does this pump have legs




#haiku

[B1tUnl0ck3r]

As you are a little bit the geniuses of this forum (below the code makers of course) but way more informed, what do you know about the family of Anthony Fauci?

Please feel free to join this post with your updates and comments, to let the flows of the wall clean (I know you do all the time only bs here, but some more awake sometimes drink here...

I don't know nothing, isn't very strange for a man who sought to rule my body, my life, and even my immune system? so who are they? where are they? what are they doing? maybe they are just lab rats to him too? who knows... time will as always tell...

I read that he has 3 children, are they vaxxed? with which brand? curious, good question isn't it? that the msn should have asked? why not? leading by example isn't it? As they are adults, his 3 daughters, maybe he has grand children? and his parents? has he brothers or sisters? So many question arise in the weaks who will forget them, even if they had the answer in front of their eyes...

edit: 3.2.1. suchmoon cmg7 etc will arrive... asking about their "god" should be forbidden but isn't it science afterall?

Thx...

  His family shouldn't concern us.  They're not public figures.
 If you really want to know about their medical status though, all you have to do is employ them and then apparently you get to demand they get vaccinated and prove it to you so you would know it all.

as he wants to see mine to travel interstate, and maybe even one day shit in my own toilets, I think it's only fair that transparency works both ways, unless of course our neo feudal lords deserve total privacy, afterall aren't they so sophisticated that they only deserve privacy, and determine the truth, for our own good of course...

imho, his family are part of the mortals enemies of mankind...   , like the one of Mike Pence .

[sirazimuth]

Snipped <retarded nonsense>

Edit: just a quickie, you trust the us gov? and not God? lol... you will learn.

Did the loony bin give you internet privileges after 6 months or something?
Piss off and take you deluded garbage back to the p+s section.

[gembitz]

Goin' up y'all

buy the top..bee the top!! ;-D gogogogogog

[bitcoinPsycho]

[Biodom]

Tethershit coin is a threat to financial stability.  The whole thing is basically a scam, its not 1USDT=1USD, at all.  If it was then Outstanding Tether = same number in USD cash.  It is not.  
USD cash in tether is about 2.9%, add fiduciary deposits = 21% of the total.

Here is the breakdown with my analysis

3% actual cash + fiduciary deposits = 21% USD
12% is "secured loans"  ==  They bought big houses in the caribbean
10% precious metals/corporate loans == They bought Gold and stashed it
1.5% shitcoins ==  They bought shitcoins to pump and dump
5% TBills, reverse repo notes ==  could count as cash but interest bearing

AND roughly

50% Commercial Paper == +30 Billion == I will admit there is 1.1 Trillion outstanding in commercial paper, however that is close to 3% of all the outstanding commercial paper in the US.
Add USDC, maybe 5% of all commercial paper is held by usdt+usdc

If crypto market goes x5, stablecoins x5, then 25%...you get the picture.  Commercial paper is what enables you to have a paycheck at the end of the week by the way.
my2satoshis

This complaint is not really all that valid...plenty of money market funds with all kind of 'strange' collateral.
Nobody says peep squeak about them, however, I never buy those, only Treasure money market (losing a bit on the yield, of course).
There is NO collateral quality difference between USDT and USDC, imho. I have much less USDT than USDC though, so, I guess, I was affected by FUD.

[JayJuanGee]

I'm saying its a scam because if they make 1% return off non cash investments, thats 300 000 000 dollarinos a year in pure profit, plus the possibility for loans to a "cousin" or such things to finance a lavish lifestyle.  Maybe they buy bitcoin at the tune of 300m a year, maybe not.  2 points - it should be all cash or cash equivalent - it isnt -- and I do have a philosophical exception against stablecoins since I value all shitcoins vs bitcoin, i.e. ethereum is worth 0.067 btc, not some usd number therefore I have no use for any stablecoin.

If some of these kinds of entities are largely shut out of dollar systems then they better fucking be making some money on whatever they are trying to hold.. in other words, some assets go up and some go down, and hopefully they are at least holding the equivalent value of the dollar and perhaps even having some cushion profit in there.. because volatility can be a bitch if there is not some attempts at managing that they do not lose money when they are presumptively trying to stay safe along the way and able to cover any withdrawals that might happen in the process of keeping tether or dollars available for those who may want to convert to dollars rather than tether.

Ok another point, 3 -- if they get say 10-20% of all Commercial Paper outstanding in the USA, and there is a crash, shouldnt USDT outstanding values go down as people sell and withdraw?  Then they may be forced to liquidate all of that at once before they come due, crashing the price and making companies unable to issue new commercial paper, killing liquidity and causing a serious financial stress which the central bank will have to step in. Even maybe taking a loss on that.  IF they do take a loss, then how do they pay back the USDT ?  I wouldnt have any sympathy for people on the hook though.
We all have our opinions, but insinuating I am a no-coiner because I am talking shit about an altcoin  
 
When central bank stablecoin, thus killing usdc, usdt ?  I'll stick to bitcoin thanks

Of course, markets are dynamic, and people use the various stable coins to get in and out of bitcoin, and surely tether has been amongst the leaders (at least one of the first to take up the mantel) and the least regulated and the most attacked.. but surely does not even mean that their situation has been static or is going to carry out the same into the future, either.. 

In the end, you are the one spreading a kind of exaggerated speculative nonsense to make it sound as if you are raising some kinds of novel points regarding how bad of a weakness (or attack vector, or scam) or whatever you are vaguely claiming regarding it's supposed lack of solvency (emphasis on "supposed"), so you likely deserve at least as much blow back that you are getting, and likely more than what you have gotten, so far.. especially seeming to largely be raising old already rebutted tether-FUD talking-points.. to rival up those already inclined towards bitcoin naysaying and other easy distractions away from the actual and real power of our king savior, aka daddy badger.

[B1tUnl0ck3r]

"We spent $2.26 trillion over 20 years in Afghanistan which has a population of 37.5 million which is $60,267 per capita. Afghan per capita GDP is about $500 by exchange rates and $2,000 by PPP (purchasing power parity). If we use the higher latter number, we could have provided 30 years worth of income for every single person living in Afghanistan instead of 20 years of war, or more than doubled living standards by 150% for 20 years.  Another perspective, at 4 persons per family, we could have built each family in Afghanistan a $241,000 manson (a new apt in Kabul costs say $25k).  The irony too is that the CIA started the Taliban to fight the soviets.  Anyways, what an immense waste, normal whenever gov. touches anything."

https://www.zerohedge.com/geopolitical/taliban-official-confirms-no-democracy-afghanistan-council-will-likely-rule?commentId=27fdc2c6-0b3e-4f01-a91e-59357831d0e1

almost the entire cryptos market cap