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

[Cassius]

Who wouldn't be okay with it? Also 800 next week? I guess 700 max 750 if we will see some kind of rally.

Jorge, fonzie, and where is that big Russian bear igorr these days...?

[meanig]

I think that there are a lot of fools who dream of riches but who aren't ready to do any hard work for it.

what about those of us that work damn hard at our jobs in order to earn as much money as we can to then buy bitcoin. I work as much overtime as i am offered, and save as hard as i can so i can buy bitcoin, and i would imagine i am not alone. i do not dream of riches - i just feel alot safer having my holdings in BTC which i control rather than in a bank which i do not. If i am making more than the current pittance offered by interest on savings accounts then i am even happier.

I would recommend you to look at better investment opportunities.
In my idea, the best way would be to invest in yourself. Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.
Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative)

Starting your own company is extremely risky and VERY FAR FROM certain. The majority of company start ups fail within two years after the owner has burned through their savings and remortgaged their house.  Troll harder next time

[JorgeStolfi]

On the other hand Jorges trust in the competence and good-will of the central planners is equal parts adorable and terrifying 

Why do you say that? I gave TWO examples of Brazilian governments that screwed up the economy egregiously -- so much that we are paying dearly for their mistakes till today and for god knows how long.

Buy I do believe that governments are inevitable and necessary.  If you try to destroy the government you would almost surely fail.   If perchance you succeed, it will be quickly replaced, most likely by a worse one.   The anarcho-libertarian Utopia, a world without government, would be a Mad Max world, and would not last for a year before a king of some sort would emerge.

Crypto will not protect you from a bad government or from economic collapse.  At best it will protect your money, but only as long as you do not use it.   You cannot spend any large amount of it without your government and all the bad guys in the neighbrhood noticing.  And, if it starts looking like crypto could let you escape your government's control, your government will quickly squash it.

No shining piece of technology can solve by itself a social/political problem like corruption, poverty, famine, opression, etc.. Such problems must be attacked by social/political struggle, starting with trying to get the best laws and government we can.  (And that must be done in the open -- one cannot be an effective social activist while protecting one's anonymity, it is either-or.)

[ChartBuddy]

Explanation

[Buffer Overflow]

If you want to generate wealth, then you have to either 1) work hard 2) be talented 3) deceive others

4) Let others do the hard work for you.

Wealthy people don't usually get wealthy by working for themselves. They let others do the hard work for them. And no this isn't taking advantage of people, it's called giving someone else a job.

[JimboToronto]

Regarding the poll: when does the daily candle close? GMT?

i think its at 8:00PM EST

For all non Americans: EST is UTC - 5 hours  (so 1 am UTC)

Actually the candle closes at midnight utc, or 8:00 EDT.

[CoinHamster]

chinese doing some panic buying at night 
 

[Parazyd]

Bulls be like:

[xyzzy099]

The anarcho-libertarian Utopia, a world without government, would be a Mad Max world, and would not last for a year before a king of some sort would emerge.

For the sake of completeness, you should mention that a stateless world is not just an anarcho-libertarian ideal.  It's also the Marxist ideal.  Mr. Marx says that at the actual Communism stage of societal development there will be no government.

When people with such opposite political beliefs as Communists and Libertarians want the same end, it probably is worth pondering on.

[JayJuanGee]

1W MACD is closing green for the first time since January 29th

Anyone know what price it would take for it to go into the red?

Below around $590-ish

1W MACD is closing green for the first time since January 29th

Anyone know what price it would take for it to go into the red?

I think 585-590.

Last week we held green at that level but lost it when we dropped down to 550-570

Last week turned red below about $578-ish, and was green above that point.

[ChartBuddy]

Explanation

[windjc]

If you want to generate wealth, then you have to either 1) work hard 2) be talented 3) deceive others

4) Let others do the hard work for you.

Wealthy people don't usually get wealthy by working for themselves. They let others do the hard work for them. And no this isn't taking advantage of people, it's called giving someone else a job.

Now I have definitive proof that Mervin is neither wealthy or knowledgeable about how to acquire wealth.

And this fits right in line with one of my life mottos --- "NEVER get advice from someone who does not have the success in life that you want. Don't get diet advice from a fat person, money advice from a broke or middle class person, marriage advice from a relationship therapist that has been divorced multiple time, etc. etc."

There are so many ways to acquire wealth beyond the 3 that Mervin listed. And HARD WORK does NOT equate with wealth. It does sometimes, but often times it does not.

Mervin, you've literally pulled down your pants and exposed yourself. Fraud.

[Richy_T]

For the sake of completeness, you should mention that a stateless world is not just an anarcho-libertarian ideal.  It's also the Marxist ideal.  Mr. Marx says that at the actual Communism stage of societal development there will be no government.

It's not supposed to be a Utopia either. That's something the collectivists tend to strive for. Though I do share some reservations about a completely anarchic system and the likelihood of sociopaths continuing to seek power. Though advancements in weapons technology have leveled the playing field there somewhat.

[aminorex]

The anarcho-libertarian Utopia, a world without government, would be a Mad Max world, and would not last for a year before a king of some sort would emerge.

I guess if you only argue against strawmen, a long series of wins by default is inevitable.  That could lead to a delusion of competence problem.

You cannot spend any large amount of it without your government and all the bad guys in the neighbrhood noticing. 

Firstly, large amounts are not necessary to live modestly.  Secondly, if your neighborhood is in such a condition, you will probably be finding a new neighborhood soon.  One where you can spend your own money as you see fit.

And, if it starts looking like crypto could let you escape your government's control, your government will quickly squash it.

Oh yes, like they squashed marijuana.  Nipped it in the bud, so to speak.

Anyhow, that ship has already sailed.  There is no effective way to prevent p2p use of encrypted transaction overlay networks with untraceable transactions.  

one cannot be an effective social activist while protecting one's anonymity, it is either-or.)

This is your worst error yet.  One cannot be an effective social activist with your throat cut.  There is no freedom without privacy.

[600watt]

more good news for bitcoin :


https://ripple.com/blog/karl-theodor-zu-guttenberg-joins-ripple-labs-advisory-board/


 
this guy was on his way to become merkels successor as chancelor in germany. he was at the top, the media loved him, the masses cheered, he was the immaculate, the most popular politician by far, he had it all

until mr perfect blew it all.

[aminorex]

Though advancements in weapons technology have leveled the playing field there somewhat.

I am of the opinion that small nuclear fusion explosive devices (yields dialable down to the level of pounds of TNT) are likely to see application by organized terrorist networks within 10 years, and that the technology will be available to punters on a budget within 20.  I am hoping this will put the fear of God into more than a few oligarchs.
 

[wachtwoord]

more good news for bitcoin :


https://ripple.com/blog/karl-theodor-zu-guttenberg-joins-ripple-labs-advisory-board/


 
this guy was on his way to become merkels successor as chancelor in germany. he was at the top, the media loved him, the masses cheered, he was the immaculate, the most popular politician by far, he had it all

until mr perfect blew it all.

Ripple is no crypto. Ripple (the currency) is the enemy as it's worse than fiat.

[atp1916]

Though advancements in weapons technology have leveled the playing field there somewhat.

I am of the opinion that small nuclear fusion explosive devices (yields dialable down to the level of pounds of TNT) are likely to see application by organized terrorist networks within 10 years, and that the technology will be available to punters on a budget within 20.  I am hoping this will put the fear of God into more than a few oligarchs.
 

No.

How about you keep it on topic and talk about bitcoin price movements.

[JorgeStolfi]

It's not supposed to be a Utopia either. That's something the collectivists tend to strive for. Though I do share some reservations about a completely anarchic system and the likelihood of sociopaths continuing to seek power. Though advancements in weapons technology have leveled the playing field there somewhat.

You lost me there.  The field was most level when our weapons were hands, feet, and teeth.  It has become steadily more uneven since then: the guys with more money generally have the best defenses and deadliest weapons, and technological advances have only amplified the difference. 

[600watt]

more good news for bitcoin :


https://ripple.com/blog/karl-theodor-zu-guttenberg-joins-ripple-labs-advisory-board/


 
this guy was on his way to become merkels successor as chancelor in germany. he was at the top, the media loved him, the masses cheered, he was the immaculate, the most popular politician by far, he had it all

until mr perfect blew it all.

Ripple is no crypto. Ripple (the currency) is the enemy as it's worse than fiat.

if one of the most outstanding idiots on earth joins your enemy - it is good news anyway.