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

[BobLawblaw]

Sorry the rock has you down... I'll send you a beer's worth of corn to your node.  Buy a beer with it on cAPS.

I have no idea what's going on, man...

EDIT: I'm a retard, and had to look through various tabs to see that you sent me 8,750 sats. Holy crap thanks man. Totally unnecessary, but absolutely appreciated. Cheers dude!

[Copetech]

Sorry the rock has you down... I'll send you a beer's worth of corn to your node.  Buy a beer with it on cAPS.

I have no idea what's going on, man...

Bitcoins going up (zoom out) and we're buying moar... the rest, yea, that's just noises.

Hope that helps, and if not have a beer on CAPS dime... he's one of the good guys.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[WoopDeBoop]

ok I don't see a big difference between last days, but cool you've posted it

[ChartBuddy]

Explanation

[naim027]

no-coiners spotted...

All I see is OPSEC.

Last week I saw a dirty car, instead of "WASH ME", someone wrote "BUY BTC" on it

Revenge

[ChartBuddy]

Explanation

[Poker Player]

Is it just me or does Raoul Pal just talk a load of nonsense and always gives a very vague roundabout answer to every question?  

Surprised to see so many people have a complete orgasm when he appears on crypto channels such as InvestAnswers today.

What's up with the weird red barber chair behind him? Is he really just a local barber in the Caymans and disguised as a hedge fund manager?

I think one comment on the video about Pal hit the nail on the head:

"The one thing I don’t like about Raoul is he uses crypto as a way to maximize his USD. He’s a fiat maximalist disguised in crypto clothing."

To me he just seems to back what he thinks is the fastest horse without any justification other than being lucky, switching from BTC to ETH: "I saw it when the chart changed."
Whatever...

I stopped listening to him when he made it clear that he prefers shitEthereum to Bitcoin. He does this on the basis that the user base is going to grow much more, and this year shitEther has gone up more than Bitcoin, so yes, the only thing he cares about is the return it gives him in fiat USD.

I prefer Bitcoin for other reasons. Obviously, if we believed that bitcoin would not give us any return, or even losses, none of us would invest in it. But even though there may be shitcoins that have more return than bitcoin in the future, and even though the parabolic price rises might be over for Bitcoin (which remains to be seen), it is worth investing in because it frees us from the clutches of central banks and governments.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[somac.]

Haven't looked at the dominance for a little while, was hoping for better.

[serveria.com]

THAT time of the year is approaching so why don't we support king Daddy with our gay xmas cards early?  

[ChartBuddy]

Explanation

[BitcoinBunny]

Is it just me or does Raoul Pal just talk a load of nonsense and always gives a very vague roundabout answer to every question?  

Surprised to see so many people have a complete orgasm when he appears on crypto channels such as InvestAnswers today.

What's up with the weird red barber chair behind him? Is he really just a local barber in the Caymans and disguised as a hedge fund manager?

I think one comment on the video about Pal hit the nail on the head:

"The one thing I don’t like about Raoul is he uses crypto as a way to maximize his USD. He’s a fiat maximalist disguised in crypto clothing."

To me he just seems to back what he thinks is the fastest horse without any justification other than being lucky, switching from BTC to ETH: "I saw it when the chart changed."
Whatever...

I stopped listening to him when he made it clear that he prefers shitEthereum to Bitcoin. He does this on the basis that the user base is going to grow much more, and this year shitEther has gone up more than Bitcoin, so yes, the only thing he cares about is the return it gives him in fiat USD.

I prefer Bitcoin for other reasons. Obviously, if we believed that bitcoin would not give us any return, or even losses, none of us would invest in it. But even though there may be shitcoins that have more return than bitcoin in the future, and even though the parabolic price rises might be over for Bitcoin (which remains to be seen), it is worth investing in because it frees us from the clutches of central banks and governments.

Why I'm suspicious of Ethereum:

• No specific supply limit set, only now that the devs / Vitalik can see what a limit has meant for BTC and Eth competitors are they wanting to go down the deflationary / burning route. This does not give great confidence in the original idea behind Eth I think. More like a market reaction which puts it more in line with things like stocks (company stock by back stuff etc). This means in future they can just release another trillion Eth if they feel like it. But the devs / Vitalik would sell their own stash first obviously.
• It's heavily dependent on other "iffy" things such as NFTs and "Binance Smart Chain" which is an absolute nonsense system to use, I mean a browser plug in, wtf is that nonsense in 2021. I think the majority of all these things running on Ethereum will fail and be forgotten about in the next 5-10 years max.
• When BTC drops, Eth appears to drop harder. Yes Eth has grown against BTC over the last year but look at what happened end of 2017 - beginning of 2018, Eth is only just catching up where it was against BTC back then. It is not a long term hedge against BTC if that happens again.
• ETH has a lot of competition which seems to be attracting many devs, such as Solana. BTC has proven to survive competition and forks and is still king after 12 years. Eth less than 5 years on 2nd-3rd place.
• ETH nonsense high gas fees. We have recently seen billion dollar plus movements on BTC's blockchain that cost less than a dollar. Why would a competitor to BTC even end up in this situation?

None of this stuff is ever addressed by Raoul Pal, so he just comes across as a shiller rather than someone who has critical thought.

It is disappointing to see James from InvestAnswers who is already suspicious of Eth's growth also not bring any of these points up in his talk with Pal.

[ChartBuddy]

Explanation

[aysg76]

no-coiners spotted...

All I see is OPSEC.

Last week I saw a dirty car, instead of "WASH ME", someone wrote "BUY BTC" on it

People putting up anti bitcoin banners and doing campaign in El Salvador won't stop the progress of Bitcoin and i don't understand the ideology of these people like at first they claim the government is not making good decisions and the economy is not developing and for all these years they were living under USD dominance and when they got a chance to have a good and financial freedom they are coming up with all this bullshit.

They are diverted by some misconceptions that traditional way of investment is better and they are actually the one's who have not made any research about gold and fiat depreciation and still thinks inflation won't haunt them.But yeah we have seen protest for everything and later on they all use that technology and praise it.

But for no coiners and anti bitcoin people:



Bitcoin is life 

[Syke]

No specific supply limit set, only now that the devs / Vitalik can see what a limit has meant for BTC and Eth competitors are they wanting to go down the deflationary / burning route.

Burning is one of the most damning points of ETH. It takes coins from users and funnels them to the whale miners/stakers. It can only lead to more centralization.

[ChartBuddy]

Explanation