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

[Ted E. Bare]

$100,000 per bitcoin motherfuckers.

[bitserve]

Raise the hand whoever is still waiting for $850

C'on, don't be shy.

[BlindMayorBitcorn]

Maximum exuberance!! Space bits of moon money!! <<<<<<< dirty dirty

(I'm trying out for the new screamy guy. How was that?)

[jojo69]

Maximum exuberance!! Space bits of moon money!! <<<<<<< dirty dirty

(I'm trying out for the new screamy guy. How was that?)

work "tulips" in somehow...next

@bitserve, patience...

[leowonderful]

TFW Bitcoin was just below $300 a little while back. It's been a long journey with Bitcoin and I don't think it's going to stop here. Can't belive we're up 50% in just the last 30 days according to BitcoinWisdom- and we aren't even getting incredibly widespread adoption yet!

[jbreher]

https://bitcointalk.org/index.php?topic=2080206.msg20798805#msg20798805
Maxwell has a go at the 'new' 'satoshi' 'email' 'leaker'

Shameful. Shameful if they're legit, shameful if they're edited.

Here was my response to "CipherionX"'s attempts at getting leaks.

I'm quite sure I have read at least some of these before. As such, they really aren't new. Not all of them anyway.

I'm guessing Gregory is just pissed and trying to stifle the revelation that Satoshi directly contradicts several of Blockstream/Core's fundamental sacred cow axioms from his very first reply to Mike.

The existing Visa credit card network processes about 15 million Internet purchases per day worldwide.  Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost.  It never really hits a scale ceiling.

By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10.  Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.

The fee the market would settle on should be minimal.  If a node requires a higher fee, that node would be passing up all transactions with lower fees.  It could do more volume and probably make more money by processing as many paying transactions as it can.

The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces.

Eventually, most nodes may be run by specialists with multiple GPU cards.

[Heater]

Alessio nails it again:

Bitcoin Fresh Targets - Wave 5 Continues For Now - https://youtu.be/-RSe2QUT6Oo

[BlindMayorBitcorn]

Moore's Law was repealed iirc.

Anyway, I read an article.

[marcus_of_augustus]

Asset protection accountant is probably a good first step.

Good luck finding an 'asset protection accountant' that groks bitcoin ... even if such unicorns existed that'd be keeping pretty mum on the whole subject methinks.

[infofront]

I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Now you get to sit down and ask yourself: What Do I Really Really Truly Want to Do with My Life? *

Take all the time that you need composing your answer. Then go do it.

* as opposed to what the Masters have been telling you that you Should Be Doing

I've already decided that I'll move somewhere warmer for half the year, like Florida, Texas, or Philippines, study computer science full time, and start giving back to Bitcoin and related projects.

[marcus_of_augustus]

What was the thing that showed the time of each doubling during the previous bubbles. Would be nice to see where we are in relation to those

Ok, I was overdue to do one of these since we have now convincingly taken out my targetted $3200-3600 range ... next doubling takes us to $6800-7200 region however the timescales are more relatively relaxed since we had that long pregnant pause around forking time, so in ~6 weeks maybe.

But this whole doubling in half the time thing has gotten quite out of whack so I'm not placing much faith in it, more of a watch and see and it might throw up some useful targets. It seems like there maybe something else going on here now, bigger forces are coming into play, maybe a larger scale mega-trend is re-establishing itself. At one point bitcoin price was reliably tenfolding about every 12-18 months and then the Gox blow-off and crash put that on hold and some very determined and deep-pocketed players did their best to stifle/sabotage/bad-mouth/usurp bitcoin for the following 2 years ... maybe we are going to go back the 10-folding growth? With some catching up to the old trend thrown in for good measure. We could be going vertical on the S-curve phase?

Interesting that masterluc has us breaking up above the existing exponential trend into a faster growth trend again.

[infofront]

You're looking for this: https://bitcointalk.org/index.php?topic=470453.430

Date:    10-Aug-2017
BETI:   -0.295
VWAP:    3394.76
x:    2581
a:    0.00331
b:    -0.11038
Rsq:    0.81553
The day's expected price:    4561.38
Actual price / expected price:   74.42%
Price to break the -2.23 all-time-low   491.09
Price to break the +1.87 all-time-high   29529.75
Predicted date for today's price:    12-May-2017
Days ahead:    -89.32
Daily price rank:    2

[duke944]

I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Now you get to sit down and ask yourself: What Do I Really Really Truly Want to Do with My Life? *

Take all the time that you need composing your answer. Then go do it.

* as opposed to what the Masters have been telling you that you Should Be Doing

I've already decided that I'll move somewhere warmer for half the year, like Florida, Texas, or Philippines, study computer science full time, and start giving back to Bitcoin and related projects.

Life's short, don't start thinking you have "made it" you will die soon of a heart attack from boredom.

[Pajulapoiss]

I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Now you get to sit down and ask yourself: What Do I Really Really Truly Want to Do with My Life? *

Take all the time that you need composing your answer. Then go do it.

* as opposed to what the Masters have been telling you that you Should Be Doing

I've already decided that I'll move somewhere warmer for half the year, like Florida, Texas, or Philippines, study computer science full time, and start giving back to Bitcoin and related projects.

Good man Infofront!

I'm still in the beginning of my crypto journey, but just today I had taste of a similar feeling- financial independence, when I saw I had made great returns with one of my investments. I still have to work cuz the profit was ~3k $, but I could visualise living off purely by doing smart investments.

 What a great life it would be, definetly something to work towards!

[BTCtrader71]

I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Now you get to sit down and ask yourself: What Do I Really Really Truly Want to Do with My Life? *

Take all the time that you need composing your answer. Then go do it.

* as opposed to what the Masters have been telling you that you Should Be Doing

I've already decided that I'll ... study computer science full time, and start giving back to Bitcoin and related projects.

I bet there are quite a few bitcoin millionaires sitting quietly on the sidelines right now who will be (or are already) of similar mind, silently contemplating how to help crypto reach its full potential to make the world a better place.

[Bitcoinaire]

GOLDMAN: 'It's getting harder for institutional investors to ignore cryptocurrencies'

http://www.businessinsider.com/goldman-sachs-cryptocurrencies-bitcoin-ethereum-icos-2017-8


The flood gates are about to open, brace for impact........

[duke944]

I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Now you get to sit down and ask yourself: What Do I Really Really Truly Want to Do with My Life? *

Take all the time that you need composing your answer. Then go do it.

* as opposed to what the Masters have been telling you that you Should Be Doing

I've already decided that I'll ... study computer science full time, and start giving back to Bitcoin and related projects.

I bet there are quite a few bitcoin millionaires sitting quietly on the sidelines right now who will be (or are already) of similar mind, silently contemplating how to help crypto reach its full potential to make the world a better place.

Yeah, they will be going back in as fiat becomes worth less than crypto. This saga isn't going to end for newbies or old timers. This is a life changing technology.

[jbreher]

Asset protection accountant is probably a good first step.

Good luck finding an 'asset protection accountant' that groks bitcoin ... even if such unicorns existed that'd be keeping pretty mum on the whole subject methinks.

Isn't Rassah a CFP?

[BTCtrader71]

GOLDMAN: 'It's getting harder for institutional investors to ignore cryptocurrencies'

http://www.businessinsider.com/goldman-sachs-cryptocurrencies-bitcoin-ethereum-icos-2017-8


The flood gates are about to open, brace for impact........

My sense is that there is indeed lots of institutional money interested / eager to get into bitcoin, but not sure how exactly to do it. I doubt they're all going to figure it out in the space of a few weeks. This uptrend is going to be slower and steadier, but similar in magnitude, to 2013.

[deepcolderwallet]

Now that the mainstream is adopting BTC, we will soon do the real pump and dump, leaving them with the ultimately worthless BTC digital token. Satoshi is a genius robber baron.

BTC will hit $500,000 then drop back to $50, destroying greedy bankers in the process.  

Right?  

Shhhh!
You're not supposed to talk this subject publicly!