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

[bones261]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

Well, so far Trezor and Bittrex have indicated that the code is not ready. At least what they have to review. Furthermore, they want to premine 100K coins. Although the futures are going for about .083BTC on Yobit, now, that is meaningless. I am certain that as soon as BTG goes live, which may be much longer than the Nov 1 target date, this will be probably dumped to a very low value. It might not even be worth it for a whale to figure out how to claim their coins. I certainly hope this doesn't become a trend. I'm sure exchanges and wallet vendors have enough to do than arrange for ways that their users can get every new forkchain. Maybe if BTC wins a resounding victory against the S2X fork and the BTG fork quickly become irrelevant wil discourage this from continuing.
If you want a GPU mineable coin, there are many hundreds to chose from already. Why does the chain have to share most of it's history with the BTC chain?

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[BlindMayorBitcorn]

WE REACH BLOCK 491407

In the future everyone will have their own 15 minutes of fork.
-Andy Kaufman

[Elwar]

Just thought I'd tell you this one. I'm sure you all have similar stories.

A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.

This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.

Today he send me messages saying he didn't buy and now wants to buy some.


Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?

Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.

Another issue is I don't think he has done any research of his own at all.

Who else has a similar story?

I have several people asking me about Bitcoin, especially knowing I am retiring because of it. One guy at work who obviously hates his job sees it as a way for him to retire too so he asks how to get into it, then sighs when he realizes that he would have to wait. Sort of depressing every time I talk to him. They just want to get rich quick, I know he doesn't care about Bitcoin and I would rather not help but I will for the sake of being cordial.

Most people that are overseas I remind them that Bitcoin is a cheaper way of dealing with money than the way they are currently getting their money (going to the ATM to get dollars, taking those dollars to the overpriced exchange to change it to Won). I also ask them if they ever buy anything on Amazon, and tell them that they can save 15% on all of their Amazon purchases with Bitcoin (everyone out here buys a lot on Amazon, one guy had over $60k spending history in the past few years). I try not to encourage the "get rich quick" folks even though that's most people. After the early phase of "we need Bitcoin regulations" (so the price will go up) people seeping into the community I know better than telling just anyone about it.

Though when they ask me when is the right time to buy I say any time is the right time to buy. I tell them about an order I had in when the price was $230...I got greedy and put my buy order in at $225...it never reached that price again and I had to eventually jump in at $600 to get my money off of the exchange.

[centralbanksequalsbombs]

Anyone else here have InteractiveBrokers?

Can confirm no longer can buy bitcoinxb??

Selling pressure this week now from the USA?

Just posted this.

(quick PSA: don't keep exposure to any exchange or fund product as it leads to a central point of failure)

For some years now worldwide investors have had the option to invest in the tracking of Bitcoin price through XBT Provider's Exchange Traded Note (ETN) listed on Nasdaq Nordic (Sweden/Stockholm). If your broker allows you to by foreign-listed companies you can probably do this.

Their website
https://xbtprovider.com/


Anyone care to share their experience?

Bloomberg ticker: COINXBT ;  https://www.bloomberg.com/quote/COINXBT:SS
InteractiveBrokers in USA uses ticker BITCOINXB

I've heard InteractiveBrokers in USA this week is shutting down trading access to BITCOINXB and all of XBT's products - anyone else want to comment?

This I'm sure has created selling pressure.

Discuss here.

[cAPSLOCK]

Money flowing back into alts post BTG...

[cAPSLOCK]

And I have to admit BCH's anemic performance in the alt rally is very satisfying.

[mymenace]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

[oblox]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

Why Thursday or Friday? The snapshot height already happened...

[bones261]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

DCG or some other whale probably decided the alts needed a little love. Probably, because they've been accumulating them.

[Pajulapoiss]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

Well, so far Trezor and Bittrex have indicated that the code is not ready. At least what they have to review. Furthermore, they want to premine 100K coins. Although the futures are going for about .083BTC on Yobit, now, that is meaningless. I am certain that as soon as BTG goes live, which may be much longer than the Nov 1 target date, this will be probably dumped to a very low value. It might not even be worth it for a whale to figure out how to claim their coins. I certainly hope this doesn't become a trend. I'm sure exchanges and wallet vendors have enough to do than arrange for ways that their users can get every new forkchain. Maybe if BTC wins a resounding victory against the S2X fork and the BTG fork quickly become irrelevant wil discourage this from continuing.
If you want a GPU mineable coin, there are many hundreds to chose from already. Why does the chain have to share most of it's history with the BTC chain?

Thanks for the answer to you and other!

I see... You make good points, and its true, you can gpu mine something else!

Just thought I'd tell you this one. I'm sure you all have similar stories.

A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.

This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.

Today he send me messages saying he didn't buy and now wants to buy some.


Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?

Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.

Another issue is I don't think he has done any research of his own at all.

Who else has a similar story?

I have several people asking me about Bitcoin, especially knowing I am retiring because of it. One guy at work who obviously hates his job sees it as a way for him to retire too so he asks how to get into it, then sighs when he realizes that he would have to wait. Sort of depressing every time I talk to him. They just want to get rich quick, I know he doesn't care about Bitcoin and I would rather not help but I will for the sake of being cordial.

Most people that are overseas I remind them that Bitcoin is a cheaper way of dealing with money than the way they are currently getting their money (going to the ATM to get dollars, taking those dollars to the overpriced exchange to change it to Won). I also ask them if they ever buy anything on Amazon, and tell them that they can save 15% on all of their Amazon purchases with Bitcoin (everyone out here buys a lot on Amazon, one guy had over $60k spending history in the past few years). I try not to encourage the "get rich quick" folks even though that's most people. After the early phase of "we need Bitcoin regulations" (so the price will go up) people seeping into the community I know better than telling just anyone about it.

Though when they ask me when is the right time to buy I say any time is the right time to buy. I tell them about an order I had in when the price was $230...I got greedy and put my buy order in at $225...it never reached that price again and I had to eventually jump in at $600 to get my money off of the exchange.

Great stories guys! IT does take some balls to pres the buy button. I had a great adrenaline rush when I did my first purchase just in june this year!

So did the bitcoingold snapshot take place? where can I read about that?

[pfrtlpfmpf]

Just thought I'd tell you this one. I'm sure you all have similar stories.

A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.

This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.

Today he send me messages saying he didn't buy and now wants to buy some.


Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?

Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.

Another issue is I don't think he has done any research of his own at all.

Who else has a similar story?

I have several people asking me about Bitcoin, especially knowing I am retiring because of it. One guy at work who obviously hates his job sees it as a way for him to retire too so he asks how to get into it, then sighs when he realizes that he would have to wait. Sort of depressing every time I talk to him. They just want to get rich quick, I know he doesn't care about Bitcoin and I would rather not help but I will for the sake of being cordial.

Most people that are overseas I remind them that Bitcoin is a cheaper way of dealing with money than the way they are currently getting their money (going to the ATM to get dollars, taking those dollars to the overpriced exchange to change it to Won). I also ask them if they ever buy anything on Amazon, and tell them that they can save 15% on all of their Amazon purchases with Bitcoin (everyone out here buys a lot on Amazon, one guy had over $60k spending history in the past few years). I try not to encourage the "get rich quick" folks even though that's most people. After the early phase of "we need Bitcoin regulations" (so the price will go up) people seeping into the community I know better than telling just anyone about it.

Though when they ask me when is the right time to buy I say any time is the right time to buy. I tell them about an order I had in when the price was $230...I got greedy and put my buy order in at $225...it never reached that price again and I had to eventually jump in at $600 to get my money off of the exchange.

I have a similar story, but i won´t bore you, let´s just be happy. But its sad, we couldn´t take all this people with us. I´m definitely gonna make some donations . . . .

They were so close !

[Searing]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

Why Thursday or Friday? The snapshot height already happened...

Could be the below Forbes article....well written...even though I don't think it is as 'dire' as it puts the segwit2+2mb fork

https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurashin/2017/10/23/will-this-battle-for-the-soul-of-bitcoin-destroy-it/&refURL=https://www.google.com/&referrer=https://www.google.com/


With every epic pump a corresponding amount of FUD must fall I guess.

[AlcoHoDL]

Just thought I'd tell you this one. I'm sure you all have similar stories.

A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.

This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.

Today he send me messages saying he didn't buy and now wants to buy some.

Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?

Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.

Another issue is I don't think he has done any research of his own at all.

Who else has a similar story?

I first talked to my colleagues about Bitcoin back in 2015. I was laughed at, ridiculed, called a fool, and even accused of supporting drug dealers and pedophiles... I stopped talking about it until early 2017, when our team leader at work asked about it. This time my colleagues were not so eager to joke and laugh about it, but still didn't accept it. After explaining to him about how it works and how to get it, he thought about it, told me something about Ethereum and whether he should get that instead, and eventually chickened out and didn't buy anything. He considered 1 BTC to be too expensive for him at that time (it was around 800 €/coin then). I explained that he could buy a fraction of it, but he never did. He was then transferred to another department and I never saw him again.

At that time, early 2017, when Bitcoin was mentioned again, I had an idea, which I heard in one of Andreas Antonopoulos's talks. I decided to offer the equivalent of 1 € worth of BTC to each person I discuss Bitcoin with. I remember installing wallets on their smartphones and doing the transfers. They all gathered around me screaming "I want it too!" like crazy. I remember the amount I gave them was something like 0.0012 BTC each (which was 1 € at the time).

Guess what? Now, after 10 months, that amount of 0.0012 BTC has a value of 6 €, and I'm sure they've been watching it rise to that value and realizing what they've missed! Many of them have already asked me how to get more and even apologized for being so harsh and dismissive. Well, now I just say "just Google it, mate." Can't be bothered. I do help in many cases when I see genuine interest, but to those that joked and laughed, I let them learn their lesson.

[RoomBot]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

Yep.  I had my friends make their passwords with me & I kept their keys & p/ws etc on a spreadsheet.  Most of them did forget them, but I still have them.  

In other words you gave a bunch of women Bitcoin and kept the Bitcoins.

These are friends. I don't think I could if I wanted to, but that was never the point. I just knew they'd forget....and they did. I onboarded two chaps too.  So there. They all still need to sign in with their own emails / PWs & 2FA.

[pfrtlpfmpf]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

My girlfriend is hopelesser than hopeless !

[RoomBot]

Just thought I'd tell you this one. I'm sure you all have similar stories.

A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.

This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.

Today he send me messages saying he didn't buy and now wants to buy some.

Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?

Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.

Another issue is I don't think he has done any research of his own at all.

Who else has a similar story?

I first talked to my colleagues about Bitcoin back in 2015. I was laughed at, ridiculed, called a fool, and even accused of supporting drug dealers and pedophiles... I stopped talking about it until early 2017, when our team leader at work asked about it. This time my colleagues were not so eager to joke and laugh about it, but still didn't accept it. After explaining to him about how it works and how to get it, he thought about it, told me something about Ethereum and whether he should get that instead, and eventually chickened out and didn't buy anything. He considered 1 BTC to be too expensive for him at that time (it was around 800 €/coin then). I explained that he could buy a fraction of it, but he never did. He was then transferred to another department and I never saw him again.

At that time, early 2017, when Bitcoin was mentioned again, I had an idea, which I heard in one of Andreas Antonopoulos's talks. I decided to offer the equivalent of 1 € worth of BTC to each person I discuss Bitcoin with. I remember installing wallets on their smartphones and doing the transfers. They all gathered around me screaming "I want it too!" like crazy. I remember the amount I gave them was something like 0.0012 BTC each (which was 1 € at the time).

Guess what? Now, after 10 months, that amount of 0.0012 BTC has a value of 6 €, and I'm sure they've been watching it rise to that value and realizing what they've missed! Many of them have already asked me how to get more and even apologized for being so harsh and dismissive. Well, now I just say "just Google it, mate." Can't be bothered. I do help in many cases when I see genuine interest, but to those that joked and laughed, I let them learn their lesson.

One of my best friends I've been trying to get into BTC for years, finally took the plunge at $3800 which I thought was insane at the time & just look.  In 2 months almost doubled.  Insane! It's never too late to get on this wild ride.

[RoomBot]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

My girlfriend is hopelesser than hopeless !

Open a wallet for her, Dude!  I have friends of both genders, (sorry Trans, Pans & Not Sures,) some of each seem hopeless.  I tell them to hold for their kids & grandkids who will figure it out. So far HODLing is working nicely for them. 

[Karartma1]

Reading all the Bitcoin stories you guys have feel quite similar to mine.
I guess after 5 yrs in Bitcoin land I learned from Fight Club
1st RULE: You do not talk about Bitcoin.
2nd RULE: You DO NOT talk about Bitcoin.
3rd RULE: You buy Bitcoin.

[pfrtlpfmpf]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

My girlfriend is hopelesser than hopeless !

Open a wallet for her, Dude!  I have friends of both genders, (sorry Trans, Pans & Not Sures,) some of each seem hopeless.  I tell them to hold for their kids & grandkids who will figure it out. So far HODLing is working nicely for them. 

I did. With a little Dosh in it. Now she asks me for the Password 
I think, it has to do with the fact, that she´s blond.

[Ibian]

Women vote more uniformly than men, which means the moment women got the vote, women controlled politics. And women always vote for more security at the expense of freedom. Which, as every american knows, means you will get neither.

This explains why there's no women into bitcoin. Bitcoin is all freedom and very risky.

Women's nature is passive. There's no way to change it, despite what hysterical feminists want.

Bugger off, idiot.

There are plenty of LEADING women in BTC including the founder & president of the Digital Chamber of Commerce.

There are women in this thread reading you EMBARASSING YOURSELF right now.

Go crawl back into that cave & come out when you've evolved a few centuries, GEEEEEEZ.

I trade bitcoin with people in person on a very regular basis. I have yet to meet even a single woman, except for a girlfriend who tagged along.

Stereotypes are true about 80% of the time, give or take. They exist for a reason. All those "leading women" are exceptions to the general rule.