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

[SERVERIA]

Closing in on 41xxx guys...

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[LFC_Bitcoin]

Closing in on 41xxx guys...

Was always going to happen. I hope those who panic sold at sub 3k feel like shit right now. All the weak hands were pathetic reacting to the 'China ban news'.

[JimboToronto]

Well good morning Bitcoinland.

I see we have a wee leg up and we're solidly back over $4kUSD/$5kCAD... currently $4096USD/$5070CAD (Bitcoinaverage).

Altcoincash is still going sideways at $450USD/$558CAD (Coinmarketcap).

There's still a half a week of September left to maybe see $4.3k-$4.5k and feel like the beartrap/FUDstorm is really over and we're ready to resume the quest for new ATHs.

since Jimbo's daily update has started to include bcash I guess shitcoins are fair game now...

The only reason I include AltCash is that most of us hold it without ever having to fork over our hard-earned Bitcoin or fiat cash for it (puns intended).

It was a gift to most of us and when we calculate our holdings we should include it. It may be a shitcoin but it's Bitcoin's shitcoin.  

[Torque]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

[jbreher]

I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains.

... well that explains a lot, your grasp of economics is as shit as I suspected ... you got lucky, not greedy chump.

Dude, do you even ponzi?

I'm quite comfortable with my current position.

How's your dream acquisition process going?

[Icygreen]

I have to admit. My first thoughts when I saw that Bitstamp released it was to dump for bitcoin at current price levels. Transactions may take 48 hours so I'll probably have a think on it.  

[JimboToronto]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

My dream is that Altcash will find its way into anonymous ATMs or other OTC channels so I can sell/convert mine without compromising the anonymity of the associated real bitcoins.

[Torque]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

My dream is that Altcash will find its way into anonymous ATMs or other OTC channels so I can sell/convert mine without compromising the anonymity of the associated real bitcoins.

I don't. Average Joe is going to have a hell of a time figuring out the difference between a Bitcoin^TM ATM vs. a Bitcoin Cash ATM. Especially when their names sound identical and their logos are virtually identical.

All by design I'm sure.

Powers That Be: "If we can't block the growth of Bitcoin^TM, then we can slow it down or compromise it by confusing the shit out of newbs with similar forks in order to divide, dilute, and conquer. Their sorry asses won't know the difference until they try to spend it somewhere."

I'm sure the next fork will be called Bitcoin Money and have just a slight turn of the logo. Maybe even upside down.  

[gembitz]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

My dream is that Altcash will find its way into anonymous ATMs or other OTC channels so I can sell/convert mine without compromising the anonymity of the associated real bitcoins.

~buys firecrackers from roger ver?..    #kung fu lessons maybe? :-D weeee

[d_eddie]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

This. I was a little slow after the fork - safe splitting, many confirmations needed etc. We have some hope however, probably with the next FUD wave.

[Icygreen]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

[d_eddie]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

Without replay protection, it will be a slow mess to untangle the altcoins though.

[fragout]

Honestly, its never too late to join bitcoin.

I find the whole idea of people saying that it's "too late" to join Bitcoin a ridiculous notion. To me it's like saying it's "too late to get internet", "too late to join Facebook", or "too late to get a smart phone." "Damn, I missed out on that whole Internet revolution!"

A nonsensical phrase. At no point in time now or in the future will anyone be "missing out" on getting some Bitcoin.

If they mean that it's too late to make a ton of money with Bitcoin, then they need to re-evaluate their notion of what money is. Should I say, "Well it's too late to buy Gold because I can't get it for $0.10/oz. valuation like my ancestors were able to."  ?

I don't get that either. I think it would help if we would start talking about satoshi / fiat exchange rates. If these people see 1 BTC = 4000 USD, they think it's to late to buy. But most likely some of these people would buy if they see a exchange rate of 1 Sat = 0.00004 USD.

The effect of this is very much underestimated imo. Loads of my friends and family think its too late or they cant afford $4k. I dont tell them its not too late as i dont want to be responsible for them losing money but i do tell them that you can buy a fraction of a bitcoin. This is usually dismissed by them and I suppose its human nature to want 1 or more of something rather than a piece.
I think though if we were to use the SAT valuation, you need to somehow tie it to BTC better so the average joe understands the SAT is not just another shitcoin. I mean look at the Table of units. Do nerds intentionally try and confuse-https://imgur.com/a/fyJNS

[JimboToronto]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

My dream is that Altcash will find its way into anonymous ATMs or other OTC channels so I can sell/convert mine without compromising the anonymity of the associated real bitcoins.

I don't. Average Joe is going to have a hell of a time figuring out the difference between a Bitcoin^TM ATM vs. a Bitcoin Cash ATM. Especially when their names sound identical and their logos are virtually identical.

All by design I'm sure.

Powers That Be: "If we can't block the growth of Bitcoin^TM, then we can slow it down or compromise it by confusing the shit out of newbs with similar forks in order to divide, dilute, and conquer. Their sorry asses won't know the difference until they try to spend it somewhere."

I'm sure the next fork will be called Bitcoin Money and have just a slight turn of the logo. Maybe even upside down.  

Annoying isn't it?

It's hard enough to find ATMs with decent fees that allow you to sell coins and even harder to find ones that handle ETH or LTC. I've never seen any other alt available through an ATM.

My best hope is for an OTC source. I dream wistfully for the good old days when most exchanges were completely anonymous.

[Torque]

This is usually dismissed by them and I suppose its human nature to want 1 or more of something rather than a piece.

Yes, human nature, but still non-sensical.

Suppose I finally own 1.0 btc, but then I want to purchase something for 0.02 btc. If I purchase it, should I now be sad that I don't own a whole bitcoin anymore?

See this why most average people get left behind on almost everything. Because their internal system of rationality is deeply flawed.

It reminds me of the whole "Oh I want to be a millionaire^TM!" saying. Like having a million dollars really means what it used to 30-40 years ago. And like you should feel sad if you only have $990K, because technically you're not a millionaire.

[jojo69]

I'm sure the next fork will be called Bitcoin Money

bitcoin gold, its already in the works 

https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

[empowering]

I'm sure the next fork will be called Bitcoin Money

bitcoin gold, its already in the works  

https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

hmm yeah I saw somewhere (think it was coinscalendar.com) that its happening on the 25th October- and "BTG" get issued on 1st of Nov appaz

Yawn

<plots>

[RejectedBanana]

The last 10 floor to floor Bitcoin doublings since Nov 2012.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)

The Mt Gox bubble is clearly disruptive to trend. Since recovery, doubling times have only accelerated. This kind of hyperbolic growth is typical of a technological singularity. Think color tv, mobile phones, or the Internet.

At this scale, it's really hard to see the recent hardfork or China FUD having much of an impact at all.

https://bitcointalk.org/index.php?topic=2203360.0

[Torque]

I'm sure the next fork will be called Bitcoin Money

bitcoin gold, its already in the works  

https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

While their idea has merit and could prove useful in the future, they are already being deceitful.

The name is a misnomer entirely. There is no "Gold" involved, and certainly no "Bitcoin".

If any coin forks off Bitcoin (contentiously) and changes configurations, algos, etc. then it is not Bitcoin^TM and should in no way be associated or marketed as such.

[Wekkel]

The last 10 floor to floor Bitcoin doublings since Nov 2012.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)

$25k will be a Breeze. Yes, you can quote me on that.