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

[aesma]

drbrockcoin : was there information given by bitfinex about this before the fork ?

[1714485781]

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[1714485781]

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[adaseb]

drbrockcoin : was there information given by bitfinex about this before the fork ?

Yes on Oct 23rd

https://www.bitfinex.com/posts/230

[Denker]

Meanwhile, price is holding steady, ready for a pump into the $6,000s again. Decisively, this time. We have been building the biggest base ramp ever for a massive spike upwards in the medium term. I would not be surprised if it would hit $50k or even $100k in that spike.

HODL right now is key.

That's a extremely bullish statement!
Such a spike would also mean a massive correction for a longer period of time.
I'd prefer another 12-18months a steady rise as we've seen the last 2 years.Don't know if Bitcoin will be that nice to us.
However this would push up easily to $15k imo without having to worry of another mega crash and bear market imo. Then 1 year consolidation and taking a bit of breath before going with recharged batteries into 2020 for the next halving and going full parabolic!

[Elwar]

FUCKING BTCGOLD... some pricks decide they want to fork around and I have to pay them.

  BTCBTCBTC

I was wondering about that. I had a tiny amount shorted and I figured the BTG -.01 BTG thing was an error. I had about 5 BTC on the exchange so I went to move it to the trading wallet to get rid of my BTG but accidentally put it in margin and it subtracted that tiny amount. I immediately moved that to the trading side and turned it into .1 BTC or so.

These fork alts are like DOGE...the best thing to do with them is get rid of them as soon as you get them.

[mattimann]

BTG is pure Garbage!
Bitfinex is also pure garbage. I created a BTC Withdraw on 23rd. The Withdraw was processed on 25th. Guess what... No BTG!
Beside that, I had never a withdraw from finex beeing processed faster than 2 Day´s, although it gets confirmed Immediately.

And meanwhile the Price of BTG goes to Zeerooo!

[drbrockcoin]

drbrockcoin : was there information given by bitfinex about this before the fork ?

Yes less than 24 hours before the fork (with no prior indication that Bitfinex would support such a fork) there was a general Bitcoin Gold announcement regarding split tokens added for this etc. And towards the end there is one sentence neatly hidden explaining the situation.

Point is they can enact whatever policy they want but with less than 24 hours notice (and thats if you happen to be online to read the announcement as soon as it was published) it is very difficult for me to get out of my margin positions (meaning a huge loss as some are in negative at the moment) or finding a source (such as a friend) who I could have asked to send me enough BTC for the moment the snapshot took place to cover my margins.

[drbrockcoin]

And meanwhile the Price of BTG goes to Zeerooo!

I hope that happens right now, then I will buy their stupid shitcoin for ZERO and they can fuck off

[Ibian]

I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.

Those who are not liberal when they are young have no soul.  Those who do not become conservative as they age have no brain.

Indeed, and that is also r/K neatly summed up in one memorable line.

r/K is the new alpha/beta. A way for insecure men to justify feeling superior based on some pseudo-scientific misappropriated concept. Every single sucker using it is describing himself as a K and calling for the regulation (or worse) of the inferior r-people. Oh I wonder where I heard such talk before and how it all turned out.

Not at all. What determines if someone has an r or K mentality is how developed the amygdala is, and it develops in response to the environment we live in and the things we experience.

We all start as r. As we get older and experience life we drift towards the K side to varying degrees, mainly based on life experiences. And the thing that makes the amygdala grow is life threatening danger. r's are hedonists and narcissists, while K's are survivors and protectors. That's why society becomes better with each generation when most people have a K psychology, and declines when most become r's.

One implication of this is that r's are unable to understand K's, while K's can understand r's (even if only on a technical level). It is quite literally a difference in the level of brain development.

Incidentally, most of us have some element of the K psychology, or we wouldn't be dealing with bitcoin in the first place. High risk with high reward is what we do.

[AlcoHoDL]

I'd prefer another 12-18months a steady rise as we've seen the last 2 years.Don't know if Bitcoin will be that nice to us.
However this would push up easily to $15k imo without having to worry of another mega crash and bear market imo. Then 1 year consolidation and taking a bit of breath before going with recharged batteries into 2020 for the next halving and going full parabolic!

Yep. I prefer a slow and steady rise than a rapid, massive rise followed by a huge drop afterwards. In any case, the trend is expected to be positive, given sufficient time.

About 2020, we should not forget the halving that occurs then... There will be good times to come to this space, and the winners (as always) will be the HoDLers.

Conclusion: HoDL, sit back and enjoy!

[JayJuanGee]

BTG is pure Garbage!
Bitfinex is also pure garbage. I created a BTC Withdraw on 23rd. The Withdraw was processed on 25th. Guess what... No BTG!
Beside that, I had never a withdraw from finex beeing processed faster than 2 Day´s, although it gets confirmed Immediately.

And meanwhile the Price of BTG goes to Zeerooo!

Kind of difficult to believe you about any of this when you are seeming to engage in such exaggerations.

Sure, I am not happy that I got kicked out of Bitfinex as a USA related person, and I am not happy that Bitfinex did not allow any adjustment of withdrawal fees; however, in the past weeks, I engaged in a large number of withdrawals from Bitfinex -both large quantity and also several transactions, and they did not diddly dally on any one of my withdrawals.

My BTC were withdrawn in 8 parts, and I also withdrew (in one part each) Monero, LTC, Bcash, ETH and ETC.  Each and every one of my withdrawal request were processed within an hour or so, and so now, I have zero value remaining on bitfinex... 

[AlcoHoDL]

I hope that happens right now, then I will buy their stupid shitcoin for ZERO and they can fuck off

Well, based on what I've read so far, I don't even care about BTG's value. I don't think it's worth messing with my private keys and moving coins around, just to get this crapcoin. I never liked BCH, but at least that coin was better designed than this BTG crap. Hell, they couldn't even get their website done right in the early stages. It looked like the output of an alpha version of Google Translate... Just imagine the quality of the actual coding!

[spiderbrain]

[...]

People would do well to study up on the French revolution and where concepts like liberalism, nationalism, the right/left divide and eventually communism were born. The way we are throwing these terms around these days, decoupled from all original etymology, is just embarrassing and a massive hindrance to debate.

[...]

r/K is the new alpha/beta. A way for insecure men to justify feeling superior based on some pseudo-scientific misappropriated concept. Every single sucker using it is describing himself as a K and calling for the regulation (or worse) of the inferior r-people. Oh I wonder where I heard such talk before and how it all turned out.

Thank you for being so very well reasoned, it's a nice change from the usual frothing.

[Gyrsur]

why to claim Bitcoin Gold and enter private keys or seeds on this website??

this is most probably SCAM!!

https://www.getbtcgpu.org/ - https://twitter.com/btcgpu

EDIT: SCAM!! stay away!

https://www.reddit.com/r/btc/comments/78yc03/psa_warning_there_is_a_site_called_getbtcgpuorg/

[marcus_of_augustus]

r/K is the new alpha/beta. A way for insecure men to justify feeling superior based on some pseudo-scientific misappropriated concept.

No, not really.

The science behind r/K Selection theory was hashed out decades ago. It emerged as biologists pondered why some species reproduced slowly using monogamy and high-investment parenting, while other species reproduced explosively, using promiscuity and single parenting. At the time this science was developed, the researchers were wholly unaware of its relevance to our modern ideological battles in the world of politics. The terms r and K came from variables in equations which described how populations would change over time. r represented the maximal reproductive rate of an individual, while K represented the carrying capacity of an environment.

https://www.anonymousconservative.com/blog/the-theory/rk-selection-theory/

It is actually a logistic function (you know that famous S-curve?) adapted by Verhulst

[marcus_of_augustus]

We could model bitcoin total valuation as the 'population', P, in the Verhulst equation and the total carrying capacity, K, would then be the total value of all the money supplies in the world since bitcoin is the first truly pan-global money. We could even expand K to include all the currently monetised assets since fiat has been molested so badly it is actively avoided for use as money with the resultant monetisation of assets like property, stock shares, commodities, bonds, collectable cars, art, etc now routinely acting as monetary substitutes creating outrageous bubbles in all these asset classes. The growth rate, r, is a little more difficult to get to grips with since it is still relatively early and growth has been sporadic, volatile even.

Here's the governing equation;


with solution

P_o being the valuation at some chosen initial time (2 pizzas for 10,000 btc being the commonly accepted bitcoin value initialisation event, t_o),

and where


with canonical shape
.

Someone else can fill in the relevant numbers. Adding in a time-variable K(t) is not that difficult and might be useful to predict the expanding total carrying capacity demand for a true monetary asset when demonetisation of traditional asset classes takes place as sound money is restored.

[Searing]

Meanwhile, price is holding steady, ready for a pump into the $6,000s again. Decisively, this time. We have been building the biggest base ramp ever for a massive spike upwards in the medium term. I would not be surprised if it would hit $50k or even $100k in that spike.

HODL right now is key.

This is the best thing I've read all morning. I hope you are correct.

We are gonna be:


RICH!!!!!!!!!




(that is if we had not already become rich!!!!)


I thought that a little off-putting gayness was keeping with our recent thread theme.

Ack! If it was me making the above post...I'd have JINXED IT!!! ... I hope the ASIC gods like you better!!!!

(I myself have gone back to thinking of my crypto hoard as 'magic internet unicorn money' thinking of it as REAL money is too stressful

[bifle]

(I myself have gone back to thinking of my crypto hoard as 'magic internet unicorn money' thinking of it as REAL money is too stressful

Considering I have put real money to get my bitcoin, it would be very stressfull to think of my btcs as 'magic internet unicorn money'   

[Torque]

Anybody here wonder how long before Ibian opens fire on a crowd of innocents and Torque calls it a false flag?

Awww BMB, you seem bored. Here's a little night time reading for ya. 
https://crowdsondemand.com/
http://www.crisis-solutions.com/

[JayJuanGee]

[edited out]

Ack! If it was me making the above post...I'd have JINXED IT!!! ... I hope the ASIC gods like you better!!!!

(I myself have gone back to thinking of my crypto hoard as 'magic internet unicorn money' thinking of it as REAL money is too stressful

Can't you find some better comfortable btc/fiat number, Searing? that will assist you to have less stress and maybe even feel a bit of jubilee, upon a 20% price drop (for example)??... without having to resort to fantasy, for example?

I admit that I begin to get a little stressed out while BTC prices are dropping really quickly, but having had cashed out (incrementally) on the way up, tones down a lot of the possible stress that I feel without my having to resort to some fantasy construction... (regarding magical internet money) because BTC is real... we can really cash out all of it or any subportion, at any time, if we have the guts.

Yeah, yeah, yeah, after my multitude of posts in this thread, several of you folks have a pretty decent idea that I am not intending on cashing out any large quantities of BTC at any time soon... but anyhow, I know that I could cash out all or some of it, if I were to want to at any time that I want to and any time would be a considerable windfall, absent a dramatic price drop below $1k, for example...

By the way, I am showing a bit below $400 average cost per BTC, right now, but yeah, if the price goes down and I buy, then my average cost per BTC goes up.. and then it goes back down as I sell as the price is rising.

So, yeah, my current allocation of approximately 90.5% BTC and 9.5% fiat is feeling like a pretty decent place to be, at the moment.

 I don't really feel like I need to be more allocated in one direction or another - however, when (or maybe if) btc prices change dramatically and at a quick pace, I do still start to get some feeling, a little bit, of I should have gone heavier BTC or that I should have gone heavier fiat.. blah blah blah.. feelings, feelings, feelings,  but in the end, I gotta get over those feelings and find a comfort spot, no?  And some of that comfort spot comes from having had sold incrementally, some of it, on the way up, without betting too heavily in one direction or another - while still hoping (and even kind of presuming for the longer term) the price will continue to go up, no?

[marcus_of_augustus]

Putting some rough, round numbers in, total K, maybe around O() of $100 trillion



Innovators + Early adopters is a market share of around 16%, i.e. $16 trillion, or ~$800k/btc for a 20M btc issuance. Note a true Innovator or Early adopter will be using crypto for all transactions because they have no need for legacy systems and the tech will be matured far enough for that to be preferable for them. I think we are still a long way from that situation.