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1882
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 13, 2019, 07:55:47 AM
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I would be very glad if my monthly salary were as much as 1 BTC.
... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.
Recently bought an Apartment so very tight in terms of budget. my first purchase came in 2017 as well when it was $3k. after that I didn't invest personally technically but started to accept my salary as a BTC and Eth. Well, that's different, money going to an investment (the apartment) is investing/saving. And I also think one should have traditional investments (more so if it is in real state that would need to be rented/wasted otherwise). Investing all or even most of the savings into crypto is retarded... even if it could end being a jackpot. How is that your salary (full or in part) comes as crypto? Do you work for a crypto company or something? |
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1883
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 13, 2019, 07:40:59 AM
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Definition of cheap rate is very different in the context-time when someone bought his/her first Bitcoin. Ask those investors who got it during a bull run. they would love to grab some in the current scenario. its cheap for them.
I got in during China fud and the current price is almost the same as my monthly salary. not so cheap for me.
I would be very glad if my monthly salary were as much as 1 BTC. ... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little. I have bought BTC for as little as 50€/btc in 2013 and for as much as 3000€/btc in 2017 (not counting trading, I of course had sells/buys on every possible price up to $19K but that is not "fresh" money for me). |
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1884
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 13, 2019, 01:31:18 AM
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I know we're supposed to be capitulating. True story bro! Caught a glimpse of the future. I met a mid 20's Bitcoiner/robotics engineer out in the wild today. Very interesting chat and I felt the bull stirring again. He believes machines will use a digital currency (likely bitcoin) in the not so distant future once they start to move among us.  About a 5-10 year horizon. I am fully capitulated. Good thing I still have patience. Bitcoin self-selects for people with: * Low time preference * Long attention span * Commitment * Authenticity * Patience * Persistence * Ability to focus * Ability to go against the mainstream Bitcoin is a marathon, not a sprint. https://twitter.com/misir_mahmudov/status/1093613352868343809(I have it saved and I read it when I'm capitulated like you.  ) That's so true. Thanks! |
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1885
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 12, 2019, 02:46:26 PM
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I know we're supposed to be capitulating. True story bro! Caught a glimpse of the future. I met a mid 20's Bitcoiner/robotics engineer out in the wild today. Very interesting chat and I felt the bull stirring again. He believes machines will use a digital currency (likely bitcoin) in the not so distant future once they start to move among us. About a 5-10 year horizon. I am fully capitulated. Good thing I still have patience. |
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1886
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 12, 2019, 12:29:42 PM
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Gonna keep the argument going a few more days to save on presents hehe Ha brilliant  Man down guys! I managed to sleep on the sofa but she broke me this morning. Good morning WO`s!!  How did she do it? Offered me a feast and I lapped it up. Now I feel dirty. Valentine present from misses Globb0 a NEW sofa to have a good sleep on One that makes a NEW man after a night and not a broken one  |
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1887
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 12, 2019, 12:57:43 AM
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https://twitter.com/jratcliff/status/1095108667764953088The chance of a soft-fork to a lower bitcoin blocksize has effectively a zero chance of reaching consensus. However, the chance that the FUD about it blowing up and generating a bunch of negative press is near a 100%. Can we please just stop this and focus on what is important! rather good thread emerging Is there evidence that such attempts to build consensus around the topic of reducing the blocksize is contentious? At this point there is a proposal and maybe some lobbying around the idea. If it is not likely to happen, then who cares, it is just a discussion point, currently, right? Can we just consider it some kind on demented trolling and just move on? Sideways, Sideways...... |
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1888
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 11, 2019, 08:58:57 PM
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In just five words: Pruning.
In just few words: Nope. You still have to download and verify the blockchain first before you prune it. Correct me if I am wrong. To be honest I haven't personally used pruning. I am assuming you could download an already pruned blockchain ie since the beginning till 1-1-2019 and resume from there. Not sure if core currently has that feature, but it is technically possible without much effort. |
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1889
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 11, 2019, 08:38:41 PM
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Even though we won it, I know, you don't want to live through the same shit we did last year but take a deep breath and listen. Luke basically says, if the blockchain grows at this speed it will be almost impossible for an average Joe to start a full node in a few years. Take a look at this chart:  https://www.blockchain.com/en/charts/blocks-size?timespan=allIt grows 50gb/year. In 5 years, you'll have to download 500gb data to start your own node. And if you already say "fuck no i am not doing it", now imagine how would it look like in 10 years. Luke probably won't succeed this time but people will understand him when it is too late. This is a win for the bcash team. ***Maybe that's what Rodger aimed in the first place. He knew he would lose the first round but he still insisted on the big blocks and didn't accept defeat. Now he has a very strong ground even the Roger haters don't agree with Luke and see him as a crazy man. In just five words: Pruning. |
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1893
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 10, 2019, 09:26:51 PM
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it's much more about the mesh network stuff, keeping the chain size down. the fee market problems are way off
i agree it's early even for that former though
I have yet to see a convincing argument that the current system is broken. It’s all pie in the sky stuff. Lighting will keep the chain size down. Just give it a chance. I don’t think we need to worry too much about this at this point either. I appreciate the forward thinking but believe that we need to allow BTC to mature before we look at doing anything with block sizes which might further jeopardise BTC’s adoption. Give LN a chance to get further established and see where we are at a bit further down the road. Who knows, someone might come up with a better idea than reducing block size to incentivise miners? If miners go out of business due to block reward reduction, then that's down to their poor planning. It's not like the reductions and the timing of them hasn't been clearly laid out 10 years ago. If miners do not earn enough to sustain their business, then the less efficient ones close until the point the remaining ones survive. If miners think they need additional fees they can raise them.... until a point where other more efficient miners establish them lower and get all/most the business. I suppose offer and demand is not explained in computer science degrees? |
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1894
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 10, 2019, 08:53:16 PM
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Reluctant to give this too much airtime because it will just bring out the trolls. They are hypothesizing about a collapse in hash rate due to reduction in miner awards at sone future unknown date. So they want to take radical action now to reduce the block size to 300kb. But the hash rate is near ATH. It’s hard not to interpret this as just a miner money grab. Don’t fix what ain’t broke. Focus on Schnorr and Lightning and other important shit. I have zero enthusiasm for more block size wars. If an urgent need develops in the future let’s look at it then. We don’t need to fix theoretical non-existent problems now. That's the problem with having nocoiner devs. They don't fucking understand nor care about economics. * Which doesn't mean they are not great DEVS. |
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1895
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 10, 2019, 07:50:53 PM
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LTC is on the move.. you know who is next I wish I bought more ltc while it was around $30. People said LTC is dead it is just a copy of Bitcoin and that was in 2015 when ltc was $2-5. It went as high as $350. A fucking x100. (BTC did the same too... from 200 to 20k. Another x100) Maybe it is a shitcoin, maybe it doesn't have any real development but I am damn sure It is not going down like peercoin or namecoin. Anyway I didn't buy enough LTC but I still have the chance to buy more BTC, first thing in the morning throwing another $100 Yes I see the move. Boring 😛  Yeah, for some reason, several LTC bag hodler posters want to attempt to proclaim some kind of connection between bitcoin's price performance and LTC (with this most recent stupid-ass theory that LTC is leading BTC's price performance  ) and therefore post about that largely irrelevant bullshit here. If I wouldn't believe in that connection I wouldn't have bought my LTC stash when I did (pre-segwit). And no, it is not that BTC follows LTC, that's ridiculous... It's just that some movements seem to be more evident / earlier on LTC. |
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1899
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 10, 2019, 06:08:54 PM
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It's really nice to see what LTC is doing.
Considering its community is the most closer to Bitcoin than any other coin out there I tend to think maybe we are seeing what Bitcoin could do next. Of course it is easier after a -10x and with a smaller market cap, but still.
Remember the great pump from $4 to $40 when LTC added Segwit and what happened a few months later when Bitcoin did the same?
Too soon to say..... and we still are in the middle of a bear market... but it is nice to see some life again.
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1900
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 10, 2019, 11:56:50 AM
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Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not. Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby. They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse. From your comment you mean there's more people wanting to buy than to sell in localbitcoins? Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is. But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right? |
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