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

[cAPSLOCK]

The masses are both inert and stupid.  Moreover, overthrowing an established government requires resources.  A revolution always needs organization, charismatic leadership, propaganda, and lots and lots of money.

Rather than quote your entire piece I will quote what I think is a summary you made early on.

My point was I think the world is (I suppose as it always is) in a very unique time when a Chinese company (lol company) can manufacture a simple application and capture the attention of an entire Western generation. The communication system of the people has changed in a way  that was impossible to foresee for most during my own childhood.

The resources for revolution and warfare do cost a lot of money, yet some of the can be copied endlessly now for nothing.  And by the very masses you intend to conquer. Digital trojan horses at the gates of every city.  Already inside the gates, a million times.  And digital defenses as bulwarks for freedom.  The self sovereignty kind.  Not the apple pie kind.

It is different now.

I dunno... I thought that about this bitcoin cycle too... And here's the thing... I think it IS different now, both in bitcoin and in this topic.  And just the same as ever.

One thing that seems to be different about this particular time is it seems to me the vast majority of folks have NO IDEA what is happening.  I may be among them.  I do not think people realize how deep into the digital war we are.

The two great wars of the 20th century (really one war perhaps still going now) have been called the "World Wars".

Either we rename them someday (The Great Kinetic Wars?), or we eventually recognize they were never over in 1945 or 1950, 1955, 1971 , 2003 or 2020.  Perhaps this is the culmination of all that, and the board has changed so much. But this is a World War in a sense we have never seen.  On a scale that is truly planet wide.  And perhaps we realize the point was never to stamp out "nazism/communism/capitalism" but to try to set the board in a way to take it all for whatever ism you want.  And new powerful players have entered the game over the years.  Some rather quietly.

Yeah.  I agree with you.  The masses really don't have a chance.  They don't know what rising up even means, or where to go.  They do not even know who their masters are.  Certainly not themselves.

"May you live in interesting times", one culture in today's war once said.

"We've always been at war with Eastasia .", said the prophets of another.

Sums it up pretty well from my confused vantage.

Interesting times indeed.

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[eXPHorizon]

https://www.youtube.com/watch?v=MlnDf3e3PQ0

 

[savetherainforest]

Dunno.. ..... We will see about that. My advice: Hide your wife, hide your house, hide your wallet, hide your kids, your dog and your wholes. They are coming for them.      

(And You Will Need To Fight Back!)   

[ChartBuddy]

Explanation

[MCUKing]

Dunno.. ..... We will see about that. My advice: Hide your wife, hide your house, hide your wallet, hide your kids, your dog and your wholes. They are coming for them.    

(And You Will Need To Fight Back!)    

Hehe not the Things to Hide Except for the Wholes.

They Coming but for what

[Gachapin]

That's the spirit...


"The longer Bitcoin hangs out sub-$20K, the more fiat-funded crypto garbage disappears forever.
Burn it all down - I'll be stacking Sats."

https://twitter.com/stackhodler/status/1542843661523861504?cxt=HHwWgIC-0diIpOkqAAAA

Peter schiff reply to this tweet:

Because #Bitcoin whales succeeded in pumping Bitcoin close to $70K, it's much easier for them to unload more worthless Bitcoin at $20K, as those suckers who are buying think they're getting a bargain. These "bargain" hunters averaging down will eventually be known as bag holders.

Quite interesting

As far as I can see he didn't reply to that tweet

[Bushdark]

Dunno.. ..... We will see about that. My advice: Hide your wife, hide your house, hide your wallet, hide your kids, your dog and your wholes. They are coming for them.      

(And You Will Need To Fight Back!)   

Let's take it up the mountain with the speed of light...

[ChartBuddy]

Explanation

[eXPHorizon]

Today's tweets and Marketing is about as useful as a condom at a convent. 

[DVlog]

Explanation

We are here to stay, we are here for long.

[Toxic2040]

the morning wall report


dyor


the previous bear market lasted approximately 1 year and saw a -84.12% retrace...projecting that forward would see the current downtrend start to resolve in 4-6 months
  
the long dagger fall showing capitulation and the beginnings of a bottom formation are presenting...i am not convinced the pain is over completely yet however...even with the -74.50% correction in play

on the brighter side...the lower support/resistance levels on the schiff fork have hedl up well

as always...waiting for confirmation of a trend change is prudent

steady as she goes gentlemen

monthly bear market comparison



modified daily schiff fork tracking lower boundary s/r

stronghands

[WatChe]

How many are like me, in that aspect?

There is your absolute worst-case Bitcoin bottom:  Organic demand.

As I have said before, this is why I urged for years that slower growth was desirable.  It makes the market more stable—more robust.  It also makes the absolute worst-case bottom higher:  The notional price that will be reached if every speculative investor mindrusts out.

Useless coins have no bottom.  They can go to zero or negligible value, because nobody wants them for any purpose other than to sell for a higher price to the greater fool.

Because Bitcoin is Bitcoin, i.e. a scarce thing used as standard money, it is like gold.  Is Schiff worried about the bagholders for gold?

My prospective: I live in country where PayPal and other popular financial services don't work. So Bitcoin is a kind of relief if I have to receive a payment from a client living in USA or other country. So far if helped me alot since I m getting full amount without any deduction and that too instantly.

I do agree that slow growth is desirable but there are many factors associated with Bitcoin and biggest is government opposition to it world-wide.  So far majority of big powers are not willing to accept it for obvious reason aka Bitcoin will break monolpies of governments backed banks and give authority back in the hands of original owners.

These are just my few satoshis.

[ChartBuddy]

Explanation

[Hamza2424]

WO members & the most Hyped Question

Is it is the bottom, ?
I can see a Poll as well maximum voting was the Yes it is the bottom.

Short Story of the Long Journey ☺️ by the way i can't answer it but as tou know some of us can

Here is complete story analysis by this guy ( Remember I Him in Credits ).

A complete thread of tweets you can enjoy it i assure may be or may not be lets see what happens

https://twitter.com/Phoenix_Ash3s/status/1541499160440049669?s=20&t=65MwP1b8AvuwRbhckHUfWQ




Image Source: NewsBTC

[goldkingcoiner]

Looks like Mexico has officially proposed the bill to senate for making Bitcoin legal tender.

Mexico's population is over 20x and their GDP over 43x the size of El Salvador. I would say now is the perfect time to buy, what do you think?

https://news.bitcoin.com/senator-indira-kempis-proposes-bill-to-make-bitcoin-legal-tender-in-mexico/


I predicted this. Thats right. I made it happen.

[ChartBuddy]

Explanation

[Cryptolove20015]

Today Bitcoin price $31.5k. . My guess is that Bitcoin will go back to the previous position.The current market situation is fairly good.

Plagiarising merit whores are breeding now... wonderful.

There are many who abuse merit. Blue King has abused his merit a lot.

The merit system was supposed to be natural:  You see a post that looks to you like a substantive contribution to community discussion.  You hit the merit button.  Accounts that make good posts rise in rank.  Nice theory!

It rapidly devolved so that you need to hire a private investigator to do a background check on an unrecognized account before sending it merit.  Well, I exaggerate—but not by much.  That’s sad, but it is inevitable.

The bounties subforums are, in essence, dedicated spam support sections for spamming other websites.  (Though I doubt those social media sites much mind; some of them are corrupt as hell.)  They are a magnet for abuse.  Add the general problem of paid signatures, and you have a recipe for problems that cannot be fixed with any kind of rank or merit system.

You, Jay, contribute hours of your own time and effort to writing substantive posts that help people.  You don’t even wear a paid signature to get some compensation for your time, as would be damn well justified in your case.  Don’t feel bad that you sent some merits to Blue King.  You were acting in good faith.

The problem would be solved by deleting the bounties subforums, and banning paid signatures.  That will not happen here, so it is anyway otiose to worry about the few merits you inadvertently sent to a spammer.  Don’t batslap yourself.


Some high-merit WO regulars (not Jay) habitually send large amounts of knee-jerk applause merit to groupthink preaching-to-the-choir posts saying things that hatters want to hear.  That should change, it’s not going to change, and I will not waste my time quibbling over it.

death_wish got most of the merit WO thread. I think [marcus_of_augustus] has abused merit. Because in a simple post of death_wish, marcus_of_augustus gives him 50 merits.

[dragonvslinux]

WO members & the most Hyped Question

Is it is the bottom, ?
I can see a Poll as well maximum voting was the Yes it is the bottom.

Currently the poll shows that the majority who follow this thread think the bottom is in. Not a strong majority, but 56% none the less.



WO is always more bullish than the rest of the bitcointalk users, or at least compared to others in the speculation board:



Clearly WO has nearly 3x more votes but only 20% thinking $17.5K is the bottom is a considerable difference, as many think price will go below $10K. Most think price will go to $14K.

[Hamza2424]

WO members & the most Hyped Question

Is it is the bottom, ?
I can see a Poll as well maximum voting was the Yes it is the bottom.

Currently the poll shows that the majority who follow this thread think the bottom is in. Not a strong majority, but 56% none the less.



WO is always more bullish than the rest of the bitcointalk users, or at least compared to others in the speculation board:



Clearly WO has nearly 3x more votes but only 20% thinking $17.5K is the bottom is a considerable difference, as many think price will go below $10K. Most think price will go to $14K.

That is the case by the way WO members are still not on an appropriate position,

Positive
Negative
Neutral

All are meseed up so thats a confusing era i have sceen ups and down which made me believe that anything can happen but look at the way ahead to it just imagine the Destination you won't regret your Journey.

[ChartBuddy]

Explanation