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

[ImThour]

I believe half of the Bitcoin's value is from Tether printing those USDTs. Don't take me wrong but it's a fake pump going around.
I would love the crappy shit to get rid of Bitcoin so that it can again be decentralized.

[JayJuanGee]

I believe half of the Bitcoin's value is from Tether printing those USDTs. Don't take me wrong but it's a fake pump going around.
I would love the crappy shit to get rid of Bitcoin so that it can again be decentralized.

You don't seem to be a very deep thinker, ImThour.

In other words, your theory of bitcoin's value seems pretty lame, and ill-thought-out.

In some sense, your comment could be read to be proclaiming that if Tether were to not exist, bitcoin would ONLY be priced at about $23,500 - in the sense that there might be some correlation between overall value and price or did you want to complicate your theory further by explaining some other angle of what you might mean?

Perhaps you wanted to say that bitcoin's pump from $29k to $47k would have only risen half as much if there were not any Tether, so we would have ONLY reached $38k rather than our current $47k price?  That?

Or maybe you are just worried because you either did not buy enough BTC when prices were quite a bit lower (such as lower $30ks) or you sold too much BTC too soon, and you are hoping to buy back?  

The sell too much too soon is not an uncommon mistake.. especially for newbies trying to consider that they are smarter than to go with more straight forward BTC accumulation practices.

It's possible that you may well get screwed up the ass if you are hopening for BTC prices to go back anywhere into the mid to lower $30ks..

May well not happen (but you never know in bitcoinlandia.. are you feeling lucky, punk?.. hahahahaha).

Another angle is that maybe you should just save your explanation anyhow to the extent that you might have any kind of explanation in your back pocket that might make some kind of senses, because what you have said so far seems both dumb and largely fantasy landia because Tether already does exist and has existed for well over 7 years, and tether is NOT likely to be going away anytime soon, so makes way the hell more sense to be theorizing our bitcoin world and our bitcoin value/prices that includes tether as a part of the picture rather than fantasizing about if tether were to not exist.. blah blah blah... and baloney fantasy pie in the sky ideas in that direction.

Oh gawd.,. what are some of these recent FUDding of Tether theories that we dealing with here, folks?

ok. ok.   I will settle down.. there are always a mixture of good ideas in this thread and lame-ass detached from reality (or maybe pushing a disinformation agenda) ideas, so not that ImThour is further out there than someone like jupiter9, right?

There's some humor for you.. jupiter9... hahahahahaha..

Where is that nice boy, in recent times?


 

[ImThour]

I believe half of the Bitcoin's value is from Tether printing those USDTs. Don't take me wrong but it's a fake pump going around.
I would love the crappy shit to get rid of Bitcoin so that it can again be decentralized.

You don't seem to be a very deep thinker, ImThour.

In other words, your theory of bitcoin's value seems pretty lame, and ill-thought-out.

In some sense, your comment could be read to be proclaiming that if Tether were to not exist, bitcoin would ONLY be priced at about $23,500 - in the sense that there might be some correlation between overall value and price or did you want to complicate your theory further by explaining some other angle of what you might mean?

Perhaps you wanted to say that bitcoin's pump from $29k to $47k would have only risen half as much if there were not any Tether, so we would have ONLY reached $38k rather than our current $47k price?  That?

Or maybe you are just worried because you either did not buy enough BTC when prices were quite a bit lower (such as lower $30ks) or you sold too much BTC too soon, and you are hoping to buy back?   

The sell too much too soon is not an uncommon mistake.. especially for newbies trying to consider that they are smarter than to go with more straight forward BTC accumulation practices.

It's possible that you may well get screwed up the ass if you are hopening for BTC prices to go back anywhere into the mid to lower $30ks..

May well not happen (but you never know in bitcoinlandia.. are you feeling lucky, punk?.. hahahahaha).

Another angle is that maybe you should just save your explanation anyhow to the extent that you might have any kind of explanation in your back pocket that might make some kind of senses, because what you have said so far seems both dumb and largely fantasy landia because Tether already does exist and has existed for well over 7 years, and tether is NOT likely to be going away anytime soon, so makes way the hell more sense to be theorizing our bitcoin world and our bitcoin value/prices that includes tether as a part of the picture rather than fantasizing about if tether were to not exist.. blah blah blah... and baloney fantasy pie in the sky ideas in that direction.

Oh gawd.,. what are some of these recent FUDding of Tether theories that we dealing with here, folks?

ok. ok.   I will settle down.. there are always a mixture of good ideas in this thread and lame-ass detached from reality (or maybe pushing a disinformation agenda) ideas, so not that ImThour is further out there than someone like jupiter9, right?

There's some humor for you.. jupiter9... hahahahahaha..

Where is that nice boy, in recent times?


 

What i really want is to all the FUD go away and if Tether is the one causing it, fuck them.

[ChartBuddy]

Explanation

[Biodom]

"We spent $2.26 trillion over 20 years in Afghanistan which has a population of 37.5 million which is $60,267 per capita. Afghan per capita GDP is about $500 by exchange rates and $2,000 by PPP (purchasing power parity). If we use the higher latter number, we could have provided 30 years worth of income for every single person living in Afghanistan instead of 20 years of war, or more than doubled living standards by 150% for 20 years.  Another perspective, at 4 persons per family, we could have built each family in Afghanistan a $241,000 manson (a new apt in Kabul costs say $25k).  The irony too is that the CIA started the Taliban to fight the soviets.  Anyways, what an immense waste, normal whenever gov. touches anything."

https://www.zerohedge.com/geopolitical/taliban-official-confirms-no-democracy-afghanistan-council-will-likely-rule?commentId=27fdc2c6-0b3e-4f01-a91e-59357831d0e1

almost the entire cryptos market cap

I have a theory that if a nation's enemy were to pay every person between 18 and 40-50 to not work for a decade or so, you would destroy their economy and it would likely never recover as there would be a cultural shift based around being unproductive.

And some people actually want to do that to their own nation.

I am sorry, but we have tens of millions of people in US alone going to work where they do something that is either redundant or NOT even needed and this trend will accelerate (read Jeff Booth). What would we do when AI can do true expert work BETTER? What we are going to do about all those truck drivers IF self driving would truly develop?

These are huge societal problems. No wonder there are so many unhappy people who only live outside work and are very unhappy at work. In addition, those who still like working are being burdened by constantly increasing regulations, necessary reporting forms (remember TPS reports, lol), etc, etc. Sometimes I tell my SO-"well, maybe I should stop working?" and she says: "you would get bored in 6-12 months" and it is true, but right now I mostly work to 'energize' myself, get out there, have some challenges, etc. etc.

[Hueristic]

What i really want is to all the FUD go away and if Tether is the one causing it, fuck them.

The FUD will stop when TPTB hold every last coin.

[JayJuanGee]

[edited out]

What i really want is to all the FUD go away and if Tether is the one causing it, fuck them.

Ok.   perhaps your intentions are good, but geez.. tether is not causing shit in terms of FUD spreading or actual fuel for FUD spreading.

If you were able to see matters a wee bit more clearly, you may well realize that FUD is never going to go away, and Tether just happens to be one of the FUD vehicles in which bitcoin naysayers like to use to deny the power of dee king are grasping onto lame-ass theories and emphasizing baloney fractional reserve nonsense and anything else that they can grasp onto in order to attempt to assert that Tether is not sufficiently solvent blah blah blah.. and your earlier post seemed to be buying into the same baloney propaganda nonsense.

Another thing is that there are both direct attempts at keeping bitcoin down (and it's prices) and information (misinformation) campaigns, and sure they may well have some temporary successes, but it is really difficult to stop (or slow down) an idea whose time has come, so sure, a lot of them seem to be fighting an uphill losing battle.. and sure they are likely going to be able to keep this bad boy down for a while, but there are also likely going to be periods of explosive upbursts too..

and in that regard, bitcoin has been a very volatile asset and will likely continue to be a very volatile asset for quite a long time to come.. and there is not a whole hell of a lot that any of us can do about it, except to prepare our lil selfies psychologically and financially. and there are quite a few tools for engaging in such preparations so long as you continue to keep your eye on the prize and NOT get distracted by baloney.. including the tether FUD that is also NOT likely to go away any time soon, so long as it can be used from time to time to attempt to scare a few weak hands out of their coins or even scare them from adequately preparing for UP (buy stacking a sufficient amount of sats).

Sometimes I tell my SO-"well, maybe I should stop working?" and she says: "you would get bored in 6-12 months" and it is true, but right now I mostly work to 'energize' myself, get out there, have some challenges, etc. etc.

You also work because you have not built up enough fuck you money yet.  Admit it.

I am not even saying that you failed/refused to stack enough BTC (even though that could be part of the issue, possibly?)...

 

What i really want is to all the FUD go away and if Tether is the one causing it, fuck them.

The FUD will stop when TPTB hold every last coin.

Huh?  What does that mean?

The whole matter is way more complicated than what you seem to be making it out to be, no?

We have Tether as I system that was conceptualized and discussed between 2012 and 2014.. and had some early issuance and going live in late 2015 with increasing expansions thereafter along with various attacks against it... but ongoing and continued growth and failure to die.. at least so far.

It does not seem to be exactly decentralized, but the attacks against it have not really caused it to become weaker.. at least not so far.. maybe it is one of those situations of lost confidence.. that takes place all of a sudden, but I cannot even really see where there is any kind of assertion regarding where their supposed systematic weaknesses lie.. and they have continued to seem to be amongst the most decentralized of stable coins.. and surely if there were to be some actual real world inadequacies in backing then perhaps the whole thing would collapse (but again.. I am having trouble understanding how tether would be anything like a house of cards as compared with some of the other stable coins that are built upon ethereum)...

Anyhow, I am a wee bit confused by which TPTB you are referring to?  if you are implying that tether backers are engaging in some kind of hoarding of value that they are going to have when the system supposedly implodes or you have some other theory about whose doing the gathering of coins?

Maybe your seeming joke is just too damned vague (or abstract) for this wannabe more simple fella?

[Biodom]

I went broke 'cause i always secretly followed the "buy the downtrend, sell the uptrend" strategy. /s

That said..here is an interesting video.
I am linking it at a little spiel about 'accredited investors' and SEC preventing people of investing in startups.
They only allowed regular Joe Blow to invest in FB when it was already at the 100bil valuation.

https://youtu.be/sXKoJhDW3bs?t=1344

[ChartBuddy]

Explanation

[JayJuanGee]

Our most recent top of $48,190 from about 6 days ago seems to be in the crosshairs for you folks who had been focusing so much on DOWNity that does not seem to be included in the way that honey badgers current price pressures seem to be pushing..

sure, sure, will it break Uppity past that most recent top, or no?

Push..


Push...


not getting any complaints from this keyboard jockey.


PPPPPPPPpppppppppppppppuuuuuuuuuuuuusssssssssssssssshhhhhhhhhhhhhhhh!!!!!!


 

I went broke 'cause i always secretly followed the "buy the downtrend, sell the uptrend" strategy. /s

Well?

Teachable moment, no?

You should stop engaging in those kinds of secretive practices then.

Do what you say and say what you mean.

Spit it out Biodom.

For reals!!!!!!!!


 

[Arriemoller]

While we are sitting here waiting for 100K I thought we could kill some time with a little play.
What was your first car and what song, that you still play to energize yourself, did you play in it.

I'll go first. My first car was a 1968 brown Ford Capri and I played "Ça Plane Pour Moi" very loud, and still do.


It had Lucas electric system, and I can confirm the rumors, he did indeed invent darkness.
I was 18, driving too fast on a dark country road when suddenly everything went dark, everything. I saw nothing. luckily the road was straight and I was young, so I slammed the brakes and managed to stop without  going of the road.
I opened the hood and started to hit random things with a hammer and all of a sudden the lights went back on. I never trusted that car after that incident and soon traded it for a 1962 Chevy Nova (that car too was a piece of garbage and was traded for a Volvo Amazon, that car was a pearl).

Not the actual care, but one just like it.



Ça Plane Pour Moi
https://www.youtube.com/watch?v=RDHjeiys3a0

[Richy_T]

I believe half of the Bitcoin's value is from Tether printing those USDTs. Don't take me wrong but it's a fake pump going around.
I would love the crappy shit to get rid of Bitcoin so that it can again be decentralized.

I believe they've stated that a lot of their tether is "backed" by other cryptocurrencies they've bought with them. Also, they don't guarantee that you can redeem USDT for actual dollars. Lots of red flags and even if they're 100% scrupulous (which the former would argue against), it's a ticking time bomb.

[Richy_T]

While we are sitting here waiting for 100K I thought we could kill some time with a little play.
What was your first car and what song, that you still play to energize yourself, did you play in it.

I'll go first. My first car was a 1968 brown Ford Capri and I played "Ça Plane Pour Moi" very loud, and still do.


It had Lucas electric system, and I can confirm the rumors, he did indeed invent darkness.
I was 18, driving too fast on a dark country road when suddenly everything went dark, everything. I saw nothing. luckily the road was straight and I was young, so I slammed the brakes and managed to stop without  going of the road.
I opened the hood and started to hit random things with a hammer and all of a sudden the lights went back on. I never trusted that car after that incident and soon traded it for a 1962 Chevy Nova (that car too was a piece of garbage and was traded for a Volvo Amazon, that car was a pearl).

Not the actual care, but one just like it.



Ça Plane Pour Moi
https://www.youtube.com/watch?v=RDHjeiys3a0

Mk2 Ford Escort (not mine but one like it). Bad car, good times. No audio at first but once I got it installed, Aerosmith's greatest hits or Appetite for Destruction were always good when it was warm enough to crank the windows down.

[ChartBuddy]

Explanation

[Tash]

"We spent $2.26 trillion over 20 years in Afghanistan which has a population of 37.5 million which is $60,267 per capita. Afghan per capita GDP is about $500 by exchange rates and $2,000 by PPP (purchasing power parity). If we use the higher latter number, we could have provided 30 years worth of income for every single person living in Afghanistan instead of 20 years of war, or more than doubled living standards by 150% for 20 years.  Another perspective, at 4 persons per family, we could have built each family in Afghanistan a $241,000 manson (a new apt in Kabul costs say $25k).  The irony too is that the CIA started the Taliban to fight the soviets.  Anyways, what an immense waste, normal whenever gov. touches anything."

https://www.zerohedge.com/geopolitical/taliban-official-confirms-no-democracy-afghanistan-council-will-likely-rule?commentId=27fdc2c6-0b3e-4f01-a91e-59357831d0e1

almost the entire cryptos market cap

Thats why the way forward is self-governance to starve out the useless officials making petty laws and work against you.
 

[Toxic2040]

keep pounding it flat until something gives..   


dyor
1h


be nice to see a higher high soonish as we seem to be breaking away from this rounding top
4h

stronghands

[bitebits]

@brian_armstrong
We recently received board approval to purchase over $500M of crapto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crapto. I expect this percentage to keep growing over time as the craptoeconomy matures.

https://twitter.com/brian_armstrong/status/1428489591665856512

[ChartBuddy]

Explanation

[JayJuanGee]

@brian_armstrong
We recently received board approval to purchase over $500M of crapto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crapto. I expect this percentage to keep growing over time as the craptoeconomy matures.

https://twitter.com/brian_armstrong/status/1428489591665856512

Pretty vague statement concerning what Coinbase is buying exactly.. and yeah, maybe it is like one of those stereotypical Nigerian scams statements.. purposefully using vague terms in order to focus their scam on more gullible targets (customers, clients, investors) who don't know the difference, and believe that "crypto" is an actual thing.

[retreat]

I say BTC 50k by monday.  Everytime there is bad news, poly hack, stock markets down, sec regulation and so on and so forth, price just doesnt really dump more than a few %.  bullish

all bad news will pass like a gust of wind and we will see BTC $ 50k in September..keep optimistic