Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7570.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Quote from: JayJuanGee on June 03, 2020, 10:14:15 AM

Quote from: El duderino_ on June 03, 2020, 05:30:16 AM

I don’t know if anyone remembers this game/list.....

This first sad face on this list was 27-12-2017

Now two remaining able to win the prize

-20/02/2020 romneymoney
-18/12/2021 luckygenough56

The game was when we hit 24777$

Who are you guys betting on from this moment?

Surely, looks like the odds are slightly in favor of luckygenough56, but probably many of us would prefer romneymoney to win it.

Looks like the split date is around 1/18/21... so romney wins if BTC reaches that price before and lucky wins if after... something like that...

And The Dude will prove his deep conviction to Bitcoin by awarding the prize to luckygenough56 on 1/18/21, without having to wait when BTC reaches $24777. Because it's not a matter of if, but a matter of when, so luckygenough56 wins on 1/18/21 by default. Now, of course, I wouldn't mind if romneymoney turned out to be the winner... Wink

2020, 2021, 2022, in the end, we are all winners.
HoDL.

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: infofront on June 03, 2020, 10:17:53 AM

Okay.

OMG that's HOT! Cool

Now that's the type of riot police I like... Cool

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: infofront on June 03, 2020, 10:17:53 AM

Okay.

There ought to be more stringent guidelines for "take our kids to work day".

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: El duderino_ on June 03, 2020, 10:50:53 AM

I'm worried inflation is coming, which means even higher unemployment, fast rising living expenses, and many ppl's savings being whiped out.

If you're confused by the inflation/deflation debate, I recommend this thread:

https://twitter.com/TuurDemeester/status/1268207892286656519?s=20

I can't take the misuse of this terminology any more.

Inflation....Deflation....

Here's my point of view.

Central banks are aggressively "inflating" the fiat monetary base. Since 2008, the US federal reserve has expanded their balance sheet from .8T to 7.1T. Post 1
https://twitter.com/PrestonPysh/status/1268204131816218625?s=20

And a whole thread over it.....

Everything that Preston Pysh wrote is DEAD on, and I wish more people around the globe understood this.

Couple what he laid out with this article that describes how MMT espouses excessive money printing combined with lowering interest rates below 4% actually have the *opposite* effect of what the Fed wants to happen:
https://www.zerohedge.com/markets/here-stunning-chart-blows-all-modern-central-banking

Quote

But what about the relationship between rates and savings, and by extension inflation? After all that is the topic of this post. Well, we can now confirm that our intuition from 2015 that negative rates are not only not inflationary but outright deflationary, and encourage consumers to save even more, was correct all along.

Below we post a chart from the latest Research Investment Committee report by BofA titled "Stagnation, stagflation or elevation", which with just one image blows up everything that is flawed with monetary policy. It shows that while lower rates indeed stimulate spending and lead to lower savings, this effect peaks at around 4% and then goes negative. In fact, the lower yields - and rates - drop below 4% - not to mention to 0% or below - the lower the propensity to spend and the higher the savings rate!

bkbirge

sr. member

Activity: 1197

Merit: 482

I'm pretty impressed by BTC holding $9500 today. Seems overall bullish to me.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

You know - equality and all that. She's probably got a husband at home changing diapers.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: infofront on June 03, 2020, 10:17:53 AM

Okay.

the hell is a tiny girl like her doing in riot gear. she should be baking cookies for some guys kids instead of pretending to be a man.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

I'm worried inflation is coming, which means even higher unemployment, fast rising living expenses, and many ppl's savings being whiped out.

If you're confused by the inflation/deflation debate, I recommend this thread:

https://twitter.com/TuurDemeester/status/1268207892286656519?s=20

I can't take the misuse of this terminology any more.

Inflation....Deflation....

Here's my point of view.

Central banks are aggressively "inflating" the fiat monetary base. Since 2008, the US federal reserve has expanded their balance sheet from .8T to 7.1T. Post 1
https://twitter.com/PrestonPysh/status/1268204131816218625?s=20

And a whole thread over it.....

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Realizations by the public from the past 6 months:

* Money is broken
* The system is rigged
* Security is hard
* Experts can be horribly wrong
* Politicians wield too much power
* The world is fragile

I don't think I could design a crisis that's better for #Bitcoin adoption.

https://twitter.com/jimmysong/status/1268207029149216768?s=20

Spoken

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: serveria.com on June 03, 2020, 05:53:02 AM

Sweden admits they were wrong with their covidiotic approach: https://www.bloomberg.com/news/articles/2020-06-03/man-behind-sweden-s-virus-strategy-says-he-got-some-things-wrong Cool

Well, they weren't. I'm sure it was just cultural stubbornness and dumb luck, but they made the right call. The cultural changes that have already happened and the legal changes that are going to happen will be far more damaging than the chinese flu turned out to be.

Also, from the article:

Quote

What is beyond debate, however, is the effect the strategy has had on the country’s death toll.

That is very much up for debate. We will need to compare to the rest of the world once the whole thing is over and done with. Also considering people who were already sick with something were among those most at risk, the total death count from all sources needs to be taken into account. It's too early.

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

Karartma1

legendary

Activity: 2310

Merit: 1422

@Mic dude
I know man, you have even changed your username and updated your hat! I feel like Ulysses coming back home: of course time goes by but I have deep roots. Grin

@info
She clearly doesn't belong there. Poor girl.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Okay.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: El duderino_ on June 03, 2020, 05:30:16 AM

I don’t know if anyone remembers this game/list.....

This first sad face on this list was 27-12-2017

Now two remaining able to win the prize

-20/02/2020 romneymoney
-18/12/2021 luckygenough56

The game was when we hit 24777$

Who are you guys betting on from this moment?

Surely, looks like the odds are slightly in favor of luckygenough56, but probably many of us would prefer romneymoney to win it.

Looks like the split date is around 1/18/21... so romney wins if BTC reaches that price before and lucky wins if after... something like that...

Arriemoller

legendary

Activity: 2310

Merit: 1799

Cлaвa Укpaїнi!

Quote from: serveria.com on June 03, 2020, 05:53:02 AM

Sweden admits they were wrong with their covidiotic approach: https://www.bloomberg.com/news/articles/2020-06-03/man-behind-sweden-s-virus-strategy-says-he-got-some-things-wrong Cool

That man, Tegnell, or doctor Tengele as some people call him, is slippery like an eel, he changes his mind constantly and somehow makes it sound like he was right all along.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Last of the V8s on June 03, 2020, 03:46:57 AM

link the tweet then phil, i double dare you Roll Eyes

also strike out the 'than' ^ for English clarity's sake Kiss

anyway, as to the content, not 'capitulating', but trading; hedging, regrouping etc

edit: nice brother. some people don't like their experiments in english being critiqued, i get it, but you have been most charming.

If anything, Italians are NOT not charming. #nohomo

frequently, get very excited, too.

Quote from: aesma on June 03, 2020, 05:11:49 AM

Quote from: Wekkel on June 03, 2020, 04:52:09 AM

The latest pump made clear that we ain't going down soon, it seems. So we're in some kind of truncated correction move sideways with the bias to the upside.

The latest dump can only mean more of them sideways correcting/truncating.

As indicated by others, it's still accumulation time.

Those waiting for sub $7,xxxx:

If you're a no coiner that's one thing, but if you have a decent stash, wouldn't you keep some cash for a dip ?

Yep, exactly. Personally, I believe that you should never run out of cash, and always be prepared to buy dips.

Problem comes when the dip keeps dipping, and much more difficult to NOT run out of cash in those keep dipping circumstances.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Wekkel on June 03, 2020, 04:52:09 AM

The latest pump made clear that we ain't going down soon, it seems. So we're in some kind of truncated correction move sideways with the bias to the upside.

The latest dump can only mean more of them sideways correcting/truncating.

As indicated by others, it's still accumulation time.

Those waiting for sub $7,xxxx:

Sub 7k would indeed be quite a drop. But is it possible? Absolutely.

(Credit @davethewave for image)

Dropping to the well loved support levels of 6xxx in this giant triangle would not be impossible to see. But the thing is, since we are seeing the miners selling both all mined coins AND inventory left behind ( https://cointelegraph.com/news/grayscale-is-now-buying-15-times-the-amount-of-bitcoin-being-mined ) it seems highly unlikely that we will see those levels again without some huge fundamental issue. And if we do, I would not expect we would spend much time down there. The market forces around bitcoin are colluding in a way that the longer we go, the more likely we break this triangle to the upside.

And when that happens?

I think then the topic of fees will become very hot again.

If I did not have a couple lightning nodes right now, I would be thinking about starting one.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: Karartma1 on June 03, 2020, 08:38:06 AM

Quote from: vapourminer on June 03, 2020, 07:33:33 AM

Quote from: Last of the V8s on June 03, 2020, 07:06:39 AM

I keep my major node at least 2 versions back. Who knows what shit these dweebs will pull this time.

17.1 here

runs fine

Quote

Bitcoin Core 0.20.0 was released!
It is available from bitcoincore.org/en/download/
Release mail: https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2020-June/000091.html

unless there are some game changing fixes or improvements I would say 19.1 is very fine by me. Bitcoin Core is one those software I don't care to have always up-to-date

Quote from: El duderino_ on June 03, 2020, 06:14:46 AM

Quote from: ivomm on June 03, 2020, 05:46:27 AM

Quote from: El duderino_ on June 03, 2020, 05:30:16 AM

I don’t know if anyone remembers this game/list.....

This first sad face on this list was 27-12-2017

Now two remaining able to win the prize

-20/02/2020 romneymoney
-18/12/2021 luckygenough56

The game was when we hit 24777$

Who are you guys betting on from this moment?

The first date is past, so romneymoney lost.

No, the date closest to the price ... see he still has a few months....

Mic! The game! Those were good times! You should do another round Cheesy

I think you have missed many many games Roll Eyes

bkbirge

sr. member

Activity: 1197

Merit: 482

Quote from: Icygreen on June 03, 2020, 08:48:25 AM

Legend!! Protester on LA news.

Quote

"Unfortunately we live in a system where we cannot thrive, the macro solution is to opt out, to exit the system as a whole, the way we do that is buy Bitcoin"

https://twitter.com/nlebowitz1/status/1268002667042934786
Alright, which one of you did this?
Probably voice over but still good.

That's awesome and merit worthy, will do so when I re-up.

Icygreen

legendary

Activity: 1464

Merit: 1136

Legend!! Protester on LA news.

Quote

"Unfortunately we live in a system where we cannot thrive, the macro solution is to opt out, to exit the system as a whole, the way we do that is buy Bitcoin"

https://twitter.com/nlebowitz1/status/1268002667042934786
Alright, which one of you did this?
Probably voice over but still good.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7570. (Read 26723337 times)