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

[Last of the V8s]

edit: ^aha. snap!

https://www.coindesk.com/opinion-segwit2x-doomed-fail/

Exchanges have also largely recognized "legacy" bitcoin, and after the fork, that Segwit2x coins will be treated as separate units of value. This is opposed to Segwit2x's original intention and goal, which was to seamlessly replace the current bitcoin protocol and the corresponding unit of value.

... it is likely that the Segwit2x agreement will only continue to lose more support prior to the activation date. Indeed, perhaps the only reason that we haven't seen more of this already is that there is little incentive for these companies to be among the first to back out of their agreement while there remains time before they are required to actually act on it.

By virtue of this, should Segwit2x launch at all, it will likely debut with much less than currently advertised support. Thus, signers are faced with the actual risk and cost of following through given the clear division in the ecosystem.

When even a ... 'full-stack javascript developer teaching at the Ironhack coding bootcamp in Miami, and a Henry Hazlitt fellow in Digital Development at the Foundation for Economic Education'

... understands bitcoin better than the suits.

C'mon, Barry, give it up now.

[JayJuanGee]

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

Why buy that much fiat all at once? Why not just buy as much as you need as you go along.

I'd rather be retired with as much Bitcoin as possible growing in cold storage far more than a bunch of crumbling dollars in some bank account.

If you need to buy a new car, or some  real estate, or simply some cash to party with, by all means spend some coins as need be.

Otherwise it makes more sense to just continue holding.

EXACTLY!!!!

Some variation of incrementalism will work much better than making large moves.

 Accordingly, withdrawing 1 year or even up to 2 years of living expenses could be reasonable, just to be protected from some of BTC's potential and probable ongoing volatily - including to the downside....  - and really how many years of expenses does BobLBL consider $2 million to be? 

If he really believes that $2million is up to 2 years living expenses, then yeah, he would be o.k. to withdraw about that amount

[marcus_of_augustus]

C'mon, Barry, give it up now.

Reputational damage is starting to pile up ... the list of wounded is growing.

Gavin A., Mike Hearn, Jeff Garzik, Roger Ver, Jihan Wu, Stephen Pair, Oliver Jansen, Brian Armstrong, Erik Vorhees, Mark Karpeles .... many purporting to have strong libertarian leanings or ideals and they have totally botched putting self-sovereignty into practice, worse yet, disrespecting the opinions and rights of others to practice self-sovereignty.

[Meuh6879]

Now to be cool takes a LONG extension.

  ... at 0min50s : https://www.youtube.com/watch?v=DmhNY92JpYg

[JayJuanGee]

Who is making all the polls on this thread now that Adam is no longer here?

Yes... the OP has changed, and the new thread owner is listed...   He is making the polls in recent months.

[Last of the V8s]

So let me get this straight.
The CME Group is supposed to launch Bitcoin futures trading on Nov 14th. snip

where did you get this date pls? my duckduck-fu fails me....

[AlcoHoDL]

So let me get this straight.
The CME Group is supposed to launch Bitcoin futures trading on Nov 14th. snip

where did you get this date pls? my duckduck-fu fails me....

Forget the duck, Google is your friend...

http://www.nasdaq.com/article/setting-bitcoins-price-mechanism-cme-group-to-launch-btc-futures-cm869123

[ivomm]

https://cointelegraph.com/news/bitcoin-needs-new-proof-of-work-chain-after-segwit2x-says-bitcoinorg-co-owner

Not 2 but 3 bitcoins after the HF! I've expected that core team is secretly developing an emergency nuke POW change in case 2x wins. I know that some still think the legacy chain can survive with 20% hash support but it is not realistic. In this case unfortunatelly the original bitcoin will die and everyone will say: "The king is dead. Long live the king!" It remains to believe that by some magic wand the current price will be transferred to one of the forks.

[Meuh6879]

it will not win.
120 000 computers enforce Bitcoin rules.



if pro-mining don't want mine BTC chain, so ... others groups will do (and earn a LOT than the first group).

[AlcoHoDL]

Are we Choo-Choo'ing right now?

[Last of the V8s]

So let me get this straight.
The CME Group is supposed to launch Bitcoin futures trading on Nov 14th. snip

where did you get this date pls? my duckduck-fu fails me....

Forget the duck, Google is your friend...

http://www.nasdaq.com/article/setting-bitcoins-price-mechanism-cme-group-to-launch-btc-futures-cm869123

tyvm. duck is gone. but not forgotten

Are we Choo-Choo'ing right now?

think it was just one big buy (~700) on bitfinex
now back in the station

[AlcoHoDL]

Less than 110 € left for a nice CCMF ATH...

Go BTC go!

[AlcoHoDL]

tyvm. duck is gone. but not forgotten

Oh that poor thing... You cruel man you...

[sirazimuth]

Are we Choo-Choo'ing right now?

We've been Choo-Choo'ing since Jan 3rd 2009 mate!
(at 18:15:05 to be precise).....

https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

[Last of the V8s]

Oh that poor thing... You cruel man you...

now i remember one of the best dishes from that benighted land is duck's tongue soup 鸭舌火腿汤
like kissing and eating at the same time. delish

[rjclarke2000]

Profit time

have let Mrs V8s go to Tesco for once rather than Asda, but none of that Finest scam.

if it goes to 25k in December, maybe Waitrose...

I can tell who's stash is bigger.

We have gone from Aldi to Lidl

[Last of the V8s]

Profit time

have let Mrs V8s go to Tesco for once rather than Asda, but none of that Finest scam.

if it goes to 25k in December, maybe Waitrose...

I can tell who's stash is bigger.

We have gone from Aldi to Lidl

now those are some fine stores for saving precious outputs

[xhomerx10]

I live in a densely populated urban center, but occasionally drive some distances to ... beaches, for example, on wide open highways (where there are lots of traffic cameras, so what's the point unless you don't mind paying the speeding fine.)

 Well, if you're doing 50km/h over the posted speed limit where I live, you will be charged with stunt driving (speed limit is 100k on 400 series highways) which means an automatic 1 week suspension of your licence, 6 demerit points, your car gets impounded for a week at your expense and there is a fine of 2 to 10 thousand dollars.  If you manage to get to 15 demerit points, you get your licence suspended for 30 days.

NB. I couldn't afford the insurance and maintenance on a Lamborghini anyway.


 

You know exactly where I'm coming from.
The local authorities can be.. . difficult.

Oh, is that where you live? G licence? That's a problem as I to, have no influence on the local authorities there. Where I come from (and I'm assuming where you once were, or if not, maybe where your parents or grandparents came from), ... being in any government position has it's fringe benefits. I'm speeding and counter flowing sometimes, and no tickets. Spotless driving record. Most of time I'm "law abiding" and just "being good."

I did get a ticket for a broken tail light, and the guy knew who or what I was; much respect to him for doing his job. I paid the fine and got my license back.

One day, when I'm there, I want to join the OPP (Ontario Provincial Police) or TPS (Toronto Police Service), but will most probably prefer to be CF (Canadian Forces), cuz I like the CADPAT uniform look.

 That's right, I live in Ontario.  I'm pretty sure things have changed so much in Romania that I wouldn't even try use money or position to get out of a speeding ticket now.  There are angry mobs protesting the government in the streets about their anti-corruption policies so if the law doesn't get you, a lynch mob might!  I do my best to obey the speed limit when I visit - it helps immensely if you rent an older Dacia Logan... at 75 hp, you don't have to worry so much about speeding.

 You don't have to join the Canadian Forces to get a uniform; there are plenty of army surplus shops in the area that sell those... though you might not be able to pay with Bitcoin

 

[julian071]

Profit time

have let Mrs V8s go to Tesco for once rather than Asda, but none of that Finest scam.

if it goes to 25k in December, maybe Waitrose...

I can tell who's stash is bigger.

We have gone from Aldi to Lidl

"Moving on up, van de Lidl naar de Ap" even (From the Lidl to the Albert Heijn supermarket).

https://www.youtube.com/watch?v=SgUPpZ89lyY

[Cassius]

Profit time

have let Mrs V8s go to Tesco for once rather than Asda, but none of that Finest scam.

if it goes to 25k in December, maybe Waitrose...

I can tell who's stash is bigger.

We have gone from Aldi to Lidl

"Moving on up, van de Lidl naar de Ap" even (From the Lidl to the Albert Heijn supermarket).

$25k is Christmas lunch from Sainsburys. Doesn't hurt to splash out once in a while.
$100k is delivered by Ocado.