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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2019, 04:35:35 PM
Who sold at the bottom?
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2019, 06:54:44 AM
A falling wedge has a descending base, not a horizontal one.

That's  descending triangles....a beariish pattern.

Falling wedge is indeed a bearish pattern. but that doesn't matter as this is exactly what graph "painters" want you to see! TA is not a prediction tool, TA is a manipulation tool. Graph "painters" use TA pseudo science to shape small fish behavior.
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 09:51:54 AM
I know how LN works as I'm using it. You don't because you don't use it.

You don't have to open a channel to every person in the world you *potentially* might need! Most people would need 5-6 channels opened where they make payments on regular basis.

Jesus christ.  Do you even read your own posts?  You're NOT describing any type of monetary system.  All you're describing is a system designed to facilitate permanent vendor lock-in.  Okay, so instead of having only a single channel open to Bank of America, some people MIGHT also have a second channel open to Amazon.com LOL.  What happens if you want to buy your neighbors lawn mower?  

Oh, that's right.  Since it would be prohibitively expensive to open a channel with him, you're using a permissioned ledger where you need to ask permission to your Bank of America channel if a payment can be sent to him.  Oh, woops, Bank of America detected that you do not hold neo-Marxist views and refuses to route any of your payments so your permissioned ledger Bitcoin isn't even usable.  The endgame evolution of all digital shitcoins is nothing more than a Chinese social credict score system.  They're all completely fucking garbage.  Physical metals are money, not this trash.

I do.
However, you seem to forget what you're arguing about?

What "channels" and how will you open them to pay to somebody on the other side of the globe with your physical gold or silver?

Fuck off.  You edited my post to edit out all evidence clearly showing Lightning Network is a useless, permissioned ledger scam, so I added it back.  I've already explained why LN is garbage and none of it is lies or exaggeration.  You do not get to pretend that the real world functionality of LN is different from how I stated.  Good look with your digital shitcoin scams.  The majority of the population refuses to use a cashless society slavery system that abolishes cash, so your pump and dump scam and Chinese social credit score system cause is pointless regardless.

So, you're paid per number of words you're posting here!
How are you paid? In $$$, in bitcoins, or in physical gold and silver?
4  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 09:40:02 AM
I know how LN works as I'm using it. You don't because you don't use it.

You don't have to open a channel to every person in the world you *potentially* might need! Most people would need 5-6 channels opened where they make payments on regular basis.

Jesus christ.  Do you even read your own posts?  

I do.
However, you seem to forget what you're arguing about?

What "channels" and how will you open them to pay to somebody on the other side of the globe with your physical gold or silver?
 
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 09:30:01 AM
Tell me r0ach, why are you constantly trying to scam us into PM's, whilst trying to scam us out of BTC?
Impressive. I mean your shill narrative - is scam you all the way. Biggest scammer I've seen anyways.

#

~
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

I'd love to hear why if you don't mind.

It gives elegant technical solution to economic challenge.

The economic challenge:
Why should your purchase of a coffee or beer be written on the bitcoin blockchain and remembered forever? Obviously, it is not so important for the rest of world's population! If it is so important for you, you can still write it on the blockchain paying the appropriate tx fees. If not, well, use LN!
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 09:16:42 AM
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.

You have no idea whatsoever how Lightning Network works if you think that's the case.  It's 100% useless because the only manner in which it can function in the real world (when on-chain transactions are prohibitively expensive) is each user only having a single channel open to a well-connected bank who routes all their transactions.  You cannot afford to open a channel to every person in the world you *potentially* might need to send money to, nor can you fund each of those channels with proper liquidity because channel liquidity is not fungible with one another to make larger purchases.  

It will just be you connected to a bank in a permissioned ledger.  100% fucking useless:





I know how LN works as I'm using it. You don't because you don't use it.

You don't have to open a channel to every person in the world you *potentially* might need! Most people would need 5-6 channels opened where they make payments on regular basis.
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 08:58:57 AM
Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).

I don't deny that but I can't really say it was %100 Bitmain/Vermin Co. Still can't be sure though. Maybe they were %100... but then... why don't they do it now? Or why they didn't do it before the ATH? Maybe they wanted to combine their spam with the real demand to increase the effects. I still believe there were some real hardcore demand in 2017 for the on-chain transactions.

I have already explained why.
Another reason is to not induce accelerated development of the Lightning Network which actually is the Bitcoin killer app.
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 08:43:58 AM
Another thing, why do you think the network fees went nuts while the ATH was happening in 2017?

People were literally outbidding each other by paying more fees to send their coins faster to the exchanges so they could dump!

People were outbidding each other just to make ANY bitcoin transaction. The reason for high fees in 2017 were BCH crooks trying to clog bitcoin network and promote their point by sending hundreds of spam transactions to be included in every block. There are no spam transactions now because those same crooks need every bitcoin they mine now to support the price of Bitmain's corporate coin (aka Bcash).
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 08:22:55 AM
The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!

That's called seigniorage fee, which is a TAX.  It's a TAX forced on you by the barrel of a gun.  Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons.  Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force.  Even if that was the case, nobody gives a flying shit about ANYTHING govt says now.

Nobody can force anyone to use Bitcoin to extract seigniorage fee. People are doing it voluntarily because fucking military or nuclear weapons are useless against Bitcoin!
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 08:14:18 AM
The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2019, 06:49:32 AM
Or maybe no one will EVER understand what the fuck bitcoin actually is.

Right, like that's really a private key underneath that scratcher?  Pretty fucking lazy scam if you ask me.

I don't think that they are complete morons.
There must be an explanation that makes it something that can work, at least theoretically.

Upon further check, there is a procedure, not sure how well it would work.
First, passphrase is printed, then covered, then encrypted key unlocked by the passphrase is randomly generated at the second location.
They claim that after wallet's private key (encrypted) is printed on the wallet, the data is destroyed (at their end).

TL;DR they generate the passphrase and an encrypted private key in two different geographic locations, then apply both (together or in sequence?) to the wallet printout/etching.

This is not new and it is not done the way it should be done!

There is a secure cryptographic procedure to turn YOUR Passphrase into an Intermediate Code and give this Code to the manufacturer. This was first offered by Mike Caldwell (Casascius) in 2012 and applied in the last series of his casascius coins.

https://bitcointalk.org/index.php?topic=129552
https://casascius.wordpress.com/2013/01/26/bitcoin-address-utility/

But then, what Bobby Lee is suggesting is NOT the same because HIS Team1 is generating the passphrase for the intermediate code to be used by HIS Team2.

 
12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 11, 2019, 06:45:55 AM
Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.

Looking at charts couple of times per month is okay. Staring at charts every day is waste of time.
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 10, 2019, 05:19:04 PM
True Bitcoiners do not think in terms of 'cashing out'.

Yep. True Bitcoiners do not think in terms of Bcash-ing as well.
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 01:59:46 PM

Quote
Assets under management:
BlackRock     $6.4T
Vanguard     $5.3T
Schwab        $3.3T
JPMorgan    $2.1T
State Street  $2.7T
Fidelity         $2.5T

Why is this bullish for bitcoin?

The majority of these investors don't have a single satoshi in their portfolios.....yet.

https://twitter.com/Rhythmtrader/status/1170411048714870784?s=20


They will have to add BTC at some point Cheesy

They won't. They are already completely detached from reality. The orchestra on the top deck of Titanic will play and drink champagne until entire ship is under water.
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 01:04:50 PM
Say what you want, but Segwit was a good thing for bitcoin. If it was not for Segwit, we would be paying higher fees today, and the network would be slower. Just imagine the network of 2015-2016 with the adoption of today, it would clog up.

And this is coming from someone who keeps most of his stash in legacy addresses, so no partisanship here.

Native Segwit is absurdly superior to the system that we had in place before. It's not even a debate.

Why do you even argue with big blocktards? These clowns don't even understand the basic principal of money based on blockchain. They don't understand that free space on the blockchain means free money! Beecash should cancel tx fees at all if they think txs should be cheap and affordable?
16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 09:47:43 AM
5 digits and we are doing well.

6 digits would be better.
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2019, 08:31:25 PM
because majority didn't take me seriously.

And they shouldn't. What you say is just meaningless gibberish. It could go up or it could go down. Of course, it won't go left or right.

If you'd like to be taken seriously you have to say if you're long or short? What are your take profit and stop loss levels? The rest is just blah blah blah.


History of WO Bitcoin Speculations

https://bitcointalk.org/index.php?topic=5182395.msg52377811#msg52377811

That is exactly what I'm referring to. Gibberish.
Please, answer! Are you long or short? What % of capital? What are your take profit and stop loss levels?
The rest... well, you know what it is.
18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2019, 08:16:43 PM
because majority didn't take me seriously.

And they shouldn't. What you say is just meaningless gibberish. It could go up or it could go down. Of course, it won't go left or right.

If you'd like to be taken seriously you have to say if you're long or short? What are your take profit and stop loss levels? The rest is just blah blah blah.
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2019, 06:31:35 PM


The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.

Well, bitcoin reacted around $10.950 . Just as we thought, the resistance between $10.800 and $11.000 was really there.

Yeah, looks like it.

All bear trolls jumped in to defend the "resistance" . LOL
Relax. TA is just BS. The less you believe in it the less valid it is. Just like every BS.

Buy every dip!
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2019, 02:14:07 PM
If bitcoin goes to that level it's gonna decide where to move next, break up or retrace agaIN.

There is a sea behind that mountain or there isn't. Your super TA is super correct as always.
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