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Question: Jan. 31 Bitcoin Price:
<$8,000 - 43 (20%)
$8,000-$10,000 - 17 (7.9%)
$10,000-$12,000 - 27 (12.6%)
$12,000-$14,000 - 41 (19.1%)
$14,000-$16,000 - 28 (13%)
$16,000-$18,000 - 17 (7.9%)
$18,000-$20,000 - 42 (19.5%)
Total Voters: 215

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20115301 times)
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FrozenChaos
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November 09, 2017, 03:59:13 PM

As someone who bought their first Bitcoin in 2012 for $20,

Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.

It's both amusing and kind of sickening to watch happen.

Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.

However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.





ETH will never be a number one coin. It's an applications on the blockchain tool and buggy at best.
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November 09, 2017, 04:00:36 PM

As someone who bought their first Bitcoin in 2012 for $20,

Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.

It's both amusing and kind of sickening to watch happen.

Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.

However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.




Remember that BTC already has 4mb capacity(segwit). It's just that companies and wallets sould use it.
Arriemoller
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November 09, 2017, 04:03:06 PM

Digressing and OT I know, but the light pollution reminded me, in 2019 all electric cars in the EU must make a sound in slow speeds! what an moronic idea. When we finally made cars silent they force us to make them noisy again. And it's a very irritating sound too. A by law forced noise pollution.
https://youtu.be/p4cjPk8mqEM

EDIT: typos and stuff.



Will this affect cars bought before 2019?

No, not  as far as I know, but manufacturers may implement it early, so buy now.
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November 09, 2017, 04:08:42 PM

Pontus Lindblom Retweeted
Blockchainlife‏ @Blockchainlife 12h12 hours ago

Sitcom The Big Bang Theory will dedicate a full episode on #Bitcoin in Season 11 Episode 9: "The Bitcoin Entanglement". Broadcasting November 30th on CBS with an estimated 14.2 million viewers. Bazinga! #BigBangTheory

I've been waiting for a bitcoin episode, it always struck me as strange that those nerds wasn't into bitcoin.
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November 09, 2017, 04:16:26 PM

The price is still to sweet, calm before the storm of dumping ?
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November 09, 2017, 04:19:50 PM

Looks like us libertarian oldtimers are being overrun by leftist newbies.

Thanks Obama.
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November 09, 2017, 04:52:01 PM

unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.

if you want your goymoney you can have your goymoney.
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no FOMO


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November 09, 2017, 04:56:19 PM

we blockchained some folks
gembitz
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#free software


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November 09, 2017, 04:57:04 PM

As someone who bought their first Bitcoin in 2012 for $20,

Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.

It's both amusing and kind of sickening to watch happen.

Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.

However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.






you sound butthurt like trying to equate blocksize with scaleablity  Cool 1mb (or less) works fine for now~you mad bro?
Last of the V8s
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November 09, 2017, 05:18:16 PM

shit guys we better up our game this is what we're up against

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November 09, 2017, 05:19:47 PM

The price is still to sweet, calm before the storm of dumping ?
Likely, it'll be annoying but we'll bounce back in a few weeks/month for higher ground. In the mean time, expect alts to keep raging in the green. Lots of small-time, new money coming and they're attracted to smaller cap coins/tokens - especially the ones that offer utility for passive income. Populous and Veritaseum are gonna be some titans coming up.
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November 09, 2017, 05:38:50 PM

unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.

if you want your goymoney you can have your goymoney.

WTF is goymoney?

Are you daft?

Bitcoin could have been the #1 and solved all the problems. Instead, it retards itself to 6 tp/s and has been taken over by the likes of Adam "I invented Bitcoin" Back, Gregory Maxwell the Wikipedia troll and Luke "I think the Sun revolves around the Earth" junior. Literally a trio of Retards, at the end of the day they are nothing more than useful idiots who receive their paychecks directly from the Banksters that Bitcoin was invented to destroy. They will go down in history as Liars, shills and idiots who held back Crypto's potential for years and forced the rise of altcoins and bitcoin cash. Oh well. I guess it doesn't matter - We are going to win anyway.
jojo69
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November 09, 2017, 05:51:44 PM

shit guys we better up our game this is what we're up against



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November 09, 2017, 05:55:31 PM

absolutely perfect use of that screenshot  Grin Grin Grin
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November 09, 2017, 05:57:28 PM

5 posts, Activity 4, joined in 2011.

Where the hell has the guy above me been hiding Grin
gembitz
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November 09, 2017, 06:00:06 PM

5 posts, Activity 4, joined in 2011.

Where the hell has the guy above me been hiding Grin

obvious satoshi is obvious  Cool  lol
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November 09, 2017, 06:01:34 PM

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Where the hell has the guy above me been hiding Grin

satoshi obviously Cool lol

Behold

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November 09, 2017, 06:23:52 PM

goymoney is some form of money especially designed to cheat those who use it without knowing all its implications and consequences.

And your inversions of reality and projections here tell me that you must be a special kind of shill.
But your keeping at it now after years and a number of failed attempts at psyops for hostile takeovers is just pathetic. The same would be if you were an honest fool full of butthurt.
 

WTF is goymoney?

Are you daft?

Bitcoin could have been the #1 and solved all the problems. Instead, it retards itself to 6 tp/s and has been taken over by the likes of Adam "I invented Bitcoin" Back, Gregory Maxwell the Wikipedia troll and Luke "I think the Sun revolves around the Earth" junior. Literally a trio of Retards, at the end of the day they are nothing more than useful idiots who receive their paychecks directly from the Banksters that Bitcoin was invented to destroy. They will go down in history as Liars, shills and idiots who held back Crypto's potential for years and forced the rise of altcoins and bitcoin cash. Oh well. I guess it doesn't matter - We are going to win anyway.
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November 09, 2017, 06:37:46 PM

Bitcoin could have been the #1 and solved all the problems. Instead, it retards itself to 6 tp/s and has been taken over by the likes of Adam "I invented Bitcoin" Back, Gregory Maxwell the Wikipedia troll and Luke "I think the Sun revolves around the Earth" junior. Literally a trio of Retards, at the end of the day they are nothing more than useful idiots who receive their paychecks directly from the Banksters that Bitcoin was invented to destroy. They will go down in history as Liars, shills and idiots who held back Crypto's potential for years and forced the rise of altcoins and bitcoin cash. Oh well. I guess it doesn't matter - We are going to win anyway.

Don't you think you are stressing the scaling debate a little too much?

Biggest blocks could be a solution, but segwit should work too, and if properly developed I think is a much more elegant solution than biggest blocks.

Altcash seems to me even more centralized than core, but what I really think is that there are no evil bankster behind any side, just some pression groups who want to achieve their interest. Zero trust environment, as usual, with powerful personalities both sides, but no evil jew banksters.

I'm glad you buyed @20 usd, I buyed a year later @1000, mined at loss and I have made little profits, but I don't think your "i'm rich in bitcoin" argument is valid when it comes to scaling debate.

I think that everyone should possibly be able to run a full node on a raspberry in afghanistan, this is very important, why you think that 8x tx/s are more important than this? And what happens when 8mb block are full? Don't you think we are going to buy our coffee with 8 mb blocks right?
 
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November 09, 2017, 06:43:55 PM

goymoney is some form of money especially designed to cheat those who use it without knowing all its implications and consequences.

And your inversions of reality and projections here tell me that you must be a special kind of shill.
But your keeping at it now after years and a number of failed attempts at psyops for hostile takeovers is just pathetic. The same would be if you were an honest fool full of butthurt.
 

I'm just telling the truth, the only hostile takeover attempt was Blockstream and it was a success, indeed a major success for the Banking cartels. In the end it only took $75 million, a few useful idiot developers and a troll/shill army to, more or less, take over BTC's development and subvert it away from its original vision , removing it as a threat (for now.) You speak of decentralization and yet BTC is now more centralized than ever - No changes can be made to the Bitcoin protocol without the approval of Adam Back,  Gregory Maxwell and Luke Jr, 3 people who have shown themselves to be not only incompetent but also highly manipulative and who lie constantly. This is not a good situation and BTC will not improve at the protocol level until it moves away from these incredibly toxic individuals. That does not necessarily mean it will not continue to go up in value - but that will be only because of speculators, not fundamentals.

The problem is you think I'm a shill when in reality I'm just a minority voice telling what should be a very obvious truth. But Blockstream has distorted everything so much with the lies and the censorship, it's almost impossible to get through to anyone.
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