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

[empowering]

....one thing I know -  is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says  "glad I am not involved with that shit"


No matter how you dice it- its a shitshow.

One I would much rather had been resolved in another way 

Then you show them the price chart and suddenly they experience very different emotions.

Look people, it's done. Get over it and focus on the future. This is becoming increasingly nauseating.

...dealing with the present at the moment

Looks to me that we are in the middle  of something

[Ibian]

Can't trust anyone now. The bitcoin faithful hold free bcc. As far as I'm concerned everyone is full of shit.

Well, not everyone. Not you.

[notme]

....one thing I know -  is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says  "glad I am not involved with that shit"


No matter how you dice it- its a shitshow.

One I would much rather had been resolved in another way 

What better way is there of deciding the path forward for a decentralized cryptocurrency than the market?  Perhaps you would prefer some sort of cabal dictating the right answer to the market?

[chesthing]

Can't trust anyone now. The bitcoin faithful hold free bcc. As far as I'm concerned everyone is full of shit.

Well, not everyone. Not you.

How many free bcc do you hold? let me guess, you dumped them already and gave the profits to the homeless...

[BlindMayorBitcorn]

Can't trust anyone now. The bitcoin faithful hold free bcc. As far as I'm concerned everyone is full of shit.

They were forced on us. 

[Ibian]

Can't trust anyone now. The bitcoin faithful hold free bcc. As far as I'm concerned everyone is full of shit.

Well, not everyone. Not you.

How many free bcc do you hold? let me guess, you dumped them already and gave the profits to the homeless...

Could you perhaps explain how that is in any way relevant?

[Ibian]

....one thing I know -  is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says  "glad I am not involved with that shit"


No matter how you dice it- its a shitshow.

One I would much rather had been resolved in another way 

What better way is there of deciding the path forward for a decentralized cryptocurrency than the market?  Perhaps you would prefer some sort of cabal dictating the right answer to the market?

And indeed, this has always been the plan. It worked exactly how it was intended to work.

[jojo69]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

[empowering]

....one thing I know -  is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says  "glad I am not involved with that shit"


No matter how you dice it- its a shitshow.

One I would much rather had been resolved in another way  

What better way is there of deciding the path forward for a decentralized cryptocurrency than the market?  Perhaps you would prefer some sort of cabal dictating the right answer to the market?

Don't get me wrong- the free market is the way to it will be decided...100%  and so it should be

I just wish it could have been resolved another way- a way that did not involve playing chicken with $60 billion dollars on a global stage.

I do get how we got here...


I just dont want to see this:

                                                                   Marketcap
1) Bitcoin                                                            $0
2) Bitcoin Cash                                                    $0
3) Bitcoin Segwit x2                                             $0
4) Bitcoin Blockstream Satellite only                      $0
5) Bitcoin What another one?                                $0
6) Bitcoin This is getting silly now                          $0
7) Bitcoin Really?                                                 $0
Bitcoin Trash                                                   $0
9) BitcoinKil me                                                   $0

[Ibian]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

[empowering]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - albeit with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy


The ultimate attack - Bitcoin Cash should have just left the word "Cash" off and gone the whole hog and just called themselves Bitcoin- really fuck with people to make them totally cool with throwing a few more tens of billions into the market

It ain't been ideal.

Mechanism worked- people = shiddy as usual

Once again I know how we got here...

Just meh

Cant  wait for BTC to move past all this personally.

Not celebrating free money - would rather people were on the same page.

Not saying there was another way around it....

Just wish there had been.

Onwards nevertheless

[Ibian]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy

You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted.

In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not).

Mechanism worked- people = shiddy as usual

Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys.

Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done.

[conspirosphere.tk]

WHat percentage of BCH do you guys have in relation to the fork moment? ie: 0%, 50%, 110%....

0%.  Dumped them all at once at the first opportunity.

[bones261]

Many Bitcoin cash "HODLers" simply haven't bothered figuring out how to safely claim their Bitcoin Cash to dump. To safely do it, you need to sweep all your BTC to a different address and then import the old private keys into one of the Bitcoin Cash Wallets. Trezor made it easy for me. I just had the Trezor sweep the Bitcoin Cash to an exchange so that I could dump. (I hope my BTC keys didn't become compromised in the process.) Probably, the biggest Bitcoin Cash holder right now is Satohsi. I doubt Satoshi will even bother going through the claiming process. That would cause quite a stir if people saw those addresses suddenly being swept to new addresses.

[bitserve]

WHat percentage of BCH do you guys have in relation to the fork moment? ie: 0%, 50%, 110%....

0%.  Dumped them all at once at the first opportunity.

At which rate if I may ask?

[Ibian]

Many Bitcoin cash "HODLers" simply haven't bothered figuring out how to safely claim their Bitcoin Cash to dump. To safely do it, you need to sweep all your BTC to a different address and then import the old private keys into one of the Bitcoin Cash Wallets. Trezor made it easy for me. I just had the Trezor sweep the Bitcoin Cash to an exchange so that I could dump. Probably, the biggest Bitcoin Cash holder right now is Satohsi. I doubt Satoshi will even bother going through the claiming process. That would cause quite a stir if people saw those addresses suddenly being swept to new addresses.

I suspect that Satoshi is like Big Brother. An ideal, not an actual person. If he ever does make a move, it will likely be well into the future when bitcoin is as integrated into the world culture as the internet.

And yeah, fucking lazy. Busy in Thailand right now (where I would have been in any case), will worry about it sometime after I get back home.

[empowering]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy

You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted.

In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not).

Mechanism worked- people = shiddy as usual

Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys.

Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done.

Sour grapes?  ya got me confused  I am not sour about anything buddy- why would I be?

I am not actually emotional about it at all- no need to get personal

 I am having a bit of a laugh.. much like everyone else that witnessed the fork situation I am afraid (and that was my only point - that to the world at large the fork situation ..... it ain't pretty - do you disagree?





  

[Ibian]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy

You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted.

In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not).

Mechanism worked- people = shiddy as usual

Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys.

Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done.

Sour grapes?  ya got me confused  I am not sour about anything buddy- why would I be?

I am not actually emotional about it at all- no need to get personal

 I am having a bit of a laugh.. much like everyone else that witnessed the fork situation I am afraid (and that was my only point - that to the world at large the fork situation ..... it ain't pretty - do you disagree?

There have been hundreds of not pretty things over the years. Doesn't matter. Price matters in the long run and little else. Just how humans work.

[bitserve]

Many Bitcoin cash "HODLers" simply haven't bothered figuring out how to safely claim their Bitcoin Cash to dump. To safely do it, you need to sweep all your BTC to a different address and then import the old private keys into one of the Bitcoin Cash Wallets. Trezor made it easy for me. I just had the Trezor sweep the Bitcoin Cash to an exchange so that I could dump. Probably, the biggest Bitcoin Cash holder right now is Satohsi. I doubt Satoshi will even bother going through the claiming process. That would cause quite a stir if people saw those addresses suddenly being swept to new addresses.

I suspect that Satoshi is like Big Brother. An ideal, not an actual person. If he ever does make a move, it will likely be well into the future when bitcoin is as integrated into the world culture as the internet.

And yeah, fucking lazy. Busy in Thailand right now (where I would have been in any case), will worry about it sometime after I get back home.

I would guess that if satoshi:

- Is an individual
- Still alive
- Still have control of his huge BTC stash or, at least, a significant part of it.
- Not already rich enough -he may have keep mining covertly after the first few years-

Then he should wait until the big funds enter the Bitcoin scene so that he can sell his stash to one of those or partner with to create a new one. Doing otherwise would be very traumatic for Bitcoin.

[empowering]

There have been hundreds of not pretty things over the years. Doesn't matter. Price matters in the long run and little else. Just how humans work.

..so you do agree then, It was not pretty- and it is not over yet, and not to  mention that the next one probably even less pretty.

Yes exactly price matters- and so does perception and ..........trust.

See what happens to the price, if the perception of the trust in cryptocurrency goes down the pan.

Hence my original point.

(I just want us to move past the scaling issue- it would be really great for it to be in the rear view)