Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7670.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: HairyMaclairy on May 08, 2020, 04:32:32 PM

Quote from: lightfoot on May 08, 2020, 12:04:28 PM

This is a food distribution center (bread line) in Las Vegas.

I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

A possible interpretation is that they overspent on credit, had no emergency fund and no backup plan for any disruption to their comfortable middle class lives.

Once again, I am the chump for living within my means and planning ahead.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: HairyMaclairy on May 08, 2020, 04:32:32 PM

Quote from: lightfoot on May 08, 2020, 12:04:28 PM

This is a food distribution center (bread line) in Las Vegas.

I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: serveria.com on May 08, 2020, 04:36:50 PM

I agree. BTC price is much higher now and supply much lower. We should be able to feel it almost instantly.. Cool

There's fuck tons of supply but if you want a lot of it in future you'll have to prise more of it out of people who already own it and don't have the same need to immediately sell.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

failed experiment that middle class

serveria.com

legendary

Activity: 2478

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Privacy Servers. Since 2009.

Quote from: AlexGR on May 08, 2020, 03:49:26 PM

Quote from: Wekkel on May 08, 2020, 03:47:25 PM

It has an effect, but not immediately. That’s what the past is telling me.

I would consider ~10mn/day from the get go being immediate enough. But that's just me Tongue

Past halvings were not as affected due to much lower btc prices. A days worth of mining supply was worth peanuts.

2016 was like 1800 btc down x 650 = just 1mn USD per day. The effect is tenfold right now.

I agree. BTC price is much higher now and supply much lower. We should be able to feel it almost instantly.. Cool

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: lightfoot on May 08, 2020, 12:04:28 PM

This is a food distribution center (bread line) in Las Vegas.

I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: JayJuanGee on May 08, 2020, 03:57:34 PM

Quote from: vapourminer on May 08, 2020, 03:30:21 PM

Quote from: JayJuanGee on May 08, 2020, 12:59:34 PM

So, even if any of us ends up panicking..... which could happen.. not saying that it could not... We should panic incrementally.. rather than fully. Wink

so we should start practicing screaming like little girls?

oh shit.... your elaboration causes me to doubt proper attributes ....

since many of us realize that Searing has "screaming like a little girl" trademarked.

I'm turning you in vapourminer.

crap. caught plagiarizing already. ill never be a csw level faker at this rate.

apologies to brad

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: Biodom on May 08, 2020, 04:17:12 PM

^ if he controls an AI...

After reading "Moon is a harsh mistress", nothing of this nature would surprise me, really.

At some point someone will "hook up" with AI-I give it at least a 50:50 chance.
Watch E. Musk second interview with J. Rogan-lot's of "goodies" there, albeit it is 2hr long, filled with lots of Joe saying "wow" and giggling in admiration.

mike/michelle approves

Biodom

legendary

Activity: 3990

Merit: 4597

^ if he controls an AI...

After reading "Moon is a harsh mistress", nothing of this nature would surprise me, really.

At some point someone will "hook up" with AI-I give it at least a 50:50 chance.
Watch E. Musk second interview with J. Rogan-lot's of "goodies" there, albeit it is 2hr long, filled with lots of Joe saying "wow" and giggling in admiration.

Icygreen

legendary

Activity: 1464

Merit: 1136

What's that Bitcoin? EIGHT weekly green candles and a 10K launch pad. You have my attention, Sir

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

It is my well thought out theory (like 30 seconds of thought) that John McCaffee is responsible for COVID-19 and the hype behind it to collapse the economy. He pushed for the printing of trillions of dollars by the Fed and the overall destruction of the dollar.

Yes, you guessed it.

So we will reach $1 million bitcoin price by the end of 2020 (Even though $1 million won't buy you much).

All so he doesn't have to eat his own dick.

You saw it here first.

Proof in the form of a video with mysterious music and ominous graphics coming soon.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

full bananas

El duderino_

legendary

Activity: 2744

Merit: 13618

BTC + Crossfit, living life.

Smells continuously at 10K when passing by Huh

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

I foresee more effect of the absolute shit show that is current monetary policies. All over the world and with no end in sight. Where in 2008 only the fringes hauled the alarm (Zero hedge, doom preppers and so), the push back and alarm is coming from a much wider audience now.

A lot has happened.

An entire generation was brought up with a far better knowledge of our monetary system (and fully aware of its faults).

I can’t think of a better bullish argument that this.

And wil it definitely go worse with monetary policy. It will go full bananas Cool

This will be E.P.I.C. Grin

JayJuanGee

legendary

Activity: 3948

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

Quote from: vapourminer on May 08, 2020, 03:30:21 PM

Quote from: JayJuanGee on May 08, 2020, 12:59:34 PM

So, even if any of us ends up panicking..... which could happen.. not saying that it could not... We should panic incrementally.. rather than fully. Wink

so we should start practicing screaming like little girls?

oh shit.... your elaboration causes me to doubt proper attributes ....

since many of us realize that Searing has "screaming like a little girl" trademarked.

I'm turning you in vapourminer.

Quote from: Hyperjacked on May 08, 2020, 03:34:35 PM

Quote from: JayJuanGee on May 08, 2020, 12:38:12 PM

Quote from: Hyperjacked on May 08, 2020, 07:35:18 AM

Sorry you had to go Joe007 ! That 6800$ Bitcoin short was painful but I'm sure your still in the money...
Enjoy the ride playa Shocked

https://cointelegraph.com/news/new-bull-market-signal-bitcoin-bearwhale-vanishes-as-btc-hits-10k

Hahahahaha

That's what you get when you try to play too BIG with kingdaddy... especially betting against it.

Good riddance... another bear reckt.. I am sure there will be quite a few more of them coming into the space, believing that they are smarter than everyone else, using traditional tools including ones that might be engaging in fractional reserves, just like there were a lot of the betting against bitcoin bears reckt in 2016 and 2017 - they had fewer tools back then, but doesn't mean that they are not going to get reckt when they try to tame the beast with their fancy new purported "bitcoin-taming" tools and bet the wrong way... the potential players are likely BIGGER... so they have to play with BIGGER amounts when they are "taming the beast" and getting reckt moar bigger.

I don't think the bear whale was rekt...after all he/she made 60 mil and only lost 20 mil.
Anyway... joey is among us imho on wall observer and has the liquidity!
Cheers homies 😎

Oh my!!!!!!!

Joey is among us. Hopefully, s/he is not providing us with bad info.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: LFC_Bitcoin on May 08, 2020, 03:50:08 PM

A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do.

One of the most interesting stats of recent times was that Grayscale and Cash App have been eating 52% of mined supply. I dunno if they're guessing they get it all from miners or whether that's a fact. I imagine Grayscale would prefer to.

That's two companies in one country that will be consuming more than the entire mined supply in a few days. And things are still pretty dead.

This is where the human incapacity for conceiving of large numbers tends to break down, especially if you're a beary type.

LFC_Bitcoin

legendary

Activity: 3556

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#1 VIP Crypto Casino

Quote from: Wekkel on May 08, 2020, 03:47:25 PM

It has an effect, but not immediately. That’s what the past is telling me.

A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: Wekkel on May 08, 2020, 03:47:25 PM

It has an effect, but not immediately. That’s what the past is telling me.

I would consider ~10mn/day from the get go being immediate enough. But that's just me Tongue

Past halvings were not as affected due to much lower btc prices. A days worth of mining supply was worth peanuts.

2016 was like 1800 btc down x 650 = just 1mn USD per day. The effect is tenfold right now.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

It has an effect, but not immediately. That’s what the past is telling me.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: Wekkel on May 08, 2020, 02:29:22 PM

But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings.

But it does have an immediate effect after the halving: 900 less bitcoins per day or ~9mn USD.

Over a month it's 270mn USD, and over a year it's 3.3 bn usd less required to keep price constant at current levels.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7670. (Read 26709637 times)