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3901  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 11:52:07 PM
If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:



That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously.
3902  Economy / Speculation / Re: Does every mainstream media article on Bitcoin end in negativity? on: December 12, 2017, 08:02:04 PM
I owned bitcoin for a weekend and here's what I learned
https://www.cnbc.com/2017/12/12/what-i-learned-from-owning-bitcoin.html

Getting the message yet normies? The MSM knows what is best for you. They wish to save you from your own stupidity.

DO. NOT. BUY. BITCOIN.
3903  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 07:17:22 PM
Poor Todd Haselton should stick to his nice, safe, stable dollar bills.
3904  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 06:14:48 PM


That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/

The 100 tx per hour is filled in the first 30 seconds.

So If I am stuck with a slow transaction, every hour I have 30 seconds to push it through this, so I get it confirmed after a few more hours ?

Ok, good enough for me.


Yes, it's good. It's much better than nothing.

I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH.
So, for many users in this forum, using their free service can mean supine inconsistency.

Quote
What should we do to solve jam problem?

Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.

In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).

BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.



99.999999999% of transactions are all buying/selling, trading, gambling, wallet moving, and other bullshit. And it's been that way for 8 years, will probably be that way for 8 more...
3905  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 05:35:30 PM
Source : http://www.zerohedge.com/news/2017-12-12/its-official-bitcoin-surpasses-tulip-mania-now-biggest-bubble-world-history

Quote
for now we just wanted to experience a moment of true zen serenity, knowing that we now stand in proximity to an asset bubble the magnitude of which has never before been observed by humanity.

Thanks central banks!

Funny that they don't mention:

China stock bubble of 2015

3D Printing stock bubble of 2013 (just pull up chart of SSYS or DDD, zoom out to max.... holy shit)

Kroger stock bubble of 2015 (zoom out chart)

Tesla stock bubble that started in 2013

Netflix stock bubble that started in 2012

Gold and Silver bubbles of 2011

...or really any of the other hundreds of typical bull/bear runs seen pretty much yearly around the world.. I guess Bitcoin is just so unique. Roll Eyes Roll Eyes
3906  Economy / Speculation / Re: In case your wondering where some of the money is comeing from on: December 12, 2017, 04:45:14 PM
Never is a long time.  Everything is based on confidence, people believe that America will pay it's debts because they always have.
The same was true for Leyman Brothers and Bear Sterns though, they were over leveraged, but they would be fine because they'd always been fine.

Until 'the market' lost confidence in them.

As soon as that happens, it will be over. It can happen quickly too. People can start to ask for their money back, the US can't pay, so there is a default. That's it, it's over, the whole system would come down!

There's also this 'canary in the coal mine' to keep an eye on:

http://didthesystemcollapse.com/
3907  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 04:11:28 PM
Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.


That's one of the stupidest things I've ever heard but it certainly does have staying power. I guess we'd all better do our part and spend our savings on making sure we get to that ratio and keep it there.

I fully support adding arbitrary figures to markets that have zero relation or correlation.

You go first.

Gentlemand, didn't you hear? Ethereum is the new "digital gold". But it needs a "digital silver" compliment to go with it. Just copy the ETH source code, change a few params, make it 4 times more abundant than ETH, etc. If you are smart you should be able to knock that out in a weekend.

Can you go make that real quick and start marketing it as such?  And I think if you just say it enough times, people will start to believe it.  Wink
3908  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 03:59:12 PM
Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold
. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.


According to whom? Think deeply on that fallacy.
3909  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 02:59:40 PM
No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.


I am not sure if I would call what jbreher is doing as double standards and hypocrisy - instead it as an attempt to create a false impression that bcash is somehow in the competitive mix with bitcoin.  Its a way to attempt to make bcash and bitcoin as kind of equivalents and competitors - a kind of marketing that most of the WO thread participants see through, however, can be a bit confusing and even effective with bitcoin newbies and with r/btc aficcionados.

Exactly.

Bcash (and all other shitcoins) are to Bitcoin (sharing the class "cryptocurrencies" in name only)

-as-

Penny stocks are to Apple (sharing the class "equities" in name only)

Like does not equal like. Newbies just don't understand that. All they track is price, which can be easily gamed with the shitcoins and ICO tokens. VERY easily.

3910  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 02:53:18 PM
They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?
Hm. Interesting theory. However shouldn't people be trading this now worth a lot more LTC for BTC?

What do you think the litecoin whale pumpers are doing?  Grin
3911  Economy / Speculation / Re: Does every mainstream media article on Bitcoin end in negativity? on: December 12, 2017, 02:08:42 PM
This guy made $1M+ investing in Bitcoin. But his advice? Stay away!

Bitcoin millionaire: Don't invest in bitcoin
https://www.cnbc.com/2017/12/11/bitcoin-millionaire-grant-sabatier-dont-buy-bitcoin.html

You hear that Average Joes? Stay far far away from Bitcoin! Don't buy it, ever.
3912  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 01:47:48 PM
Quote from: Torque
When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense
what do they need then?

Quote from: Torque
They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?
Quote from: Watari
Yes, I do see my ltc, eth and xrp go up Smiley
Mission accomplished.  Wink
3913  Economy / Speculation / Re: Is Jim Cramer a hypocrite and a flip-flopper about Bitcoin? on: December 12, 2017, 01:40:39 PM
The irony is that participating in the U.S. stock market is gambling not investing, the insider traders have advanced information the public never will, and the game is rigged in favor of the wealthy elite.

But people like Jim Cramer like to gaslight the public to believe the U.S. stock market isn't a casino, nor is it rigged.  Roll Eyes
3914  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 01:35:24 PM
Wtf litecoin

Meanwhile Litecoin went up 200% in 4 days (as measured in USD). What gives?

When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense
what do they need then?

They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?
3915  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 12, 2017, 01:29:14 PM
Wtf litecoin

Meanwhile Litecoin went up 200% in 4 days (as measured in USD). What gives?

When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense
3916  Economy / Speculation / Is Jim Cramer a hypocrite and a flip-flopper about Bitcoin? on: December 12, 2017, 01:19:56 PM
His latest bullshit:

https://www.cnbc.com/2017/12/11/cramer-says-wait-to-buy-bitcoin-if-you-dont-know-the-risk.html

Choice quote:

Quote
"One of Cramer's biggest pet peeves is hearing hedge fund managers talk about how the stock market is too risky for them or for individual investors.

Cramer said he was so glad he didn't listen to the people who told him for decades that stocks were too dangerous and too expensive."


Oh yeah, is that right Jimmy boy? Well I remember you saying this about Bitcoin in 2014:

https://www.youtube.com/watch?v=2kEySHOd4JU

We will never forget that you weasel!
3917  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2017, 06:01:13 PM
A couple of days ago there were bearish threads being created, the usual suspects predicting epic crashes.
For some reason they’ve all gone very, very quiet.



This is what I've been saying to the bears and trolls for the last 4 years...

3918  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2017, 04:24:29 PM

I'm reading Snow Crash right now.

careful

Snow Crash is like a gateway drug, soon the weighty tomes will be piling up.

As well as with anything by William Gibson. Starting with Neuromancer.

And if you really want your mind == blown, try getting through Steve Aylett's Shamanspace. I dare ya. Double dare ya to read it while high.  Grin
3919  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2017, 04:00:53 PM
Did futures killed bitcoin volatility?
C'mon bitcoin.... do something, I'm bored

From here I honestly wouldn't be shocked to see Bitcoin move sideways for a couple months, with constant pumps up and dumps down inside a sideways channel.

Without a lot additional supply, the futures traders know that this market will go nowhere. So they are going to keep shaking the tree and see what falls out.

My bet: nothing will. And eventually they will get weary and just go long.
3920  Economy / Speculation / Re: Calling top at $16500 on: December 11, 2017, 02:23:14 PM
It's back at your top there, sgbett.  Wink
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