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Question: Nov. 30 Price Forecast:
Below $5,500 - 34 (12.3%)
$5,500 to $6,000 - 13 (4.7%)
$6,000 to $6,500 - 8 (2.9%)
$6,500 to $7,000 - 22 (8%)
$7,000 to $7,500 - 23 (8.3%)
$7,500 to $8,000 - 23 (8.3%)
$8,000 to $8,500 - 38 (13.8%)
Over $8,500 - 115 (41.7%)
Total Voters: 276

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 19748178 times)
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Last of the V8s
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November 09, 2017, 02:33:55 PM

@Melt_Dem 21h21 hours ago

segwit2x delayed until 2018


still nothing from DCG except the tea-girl
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November 09, 2017, 02:42:14 PM



This has got to be the funniest meme I've ever seen!

LOL!

I hope we have Carolina soon, as I've just got myself two shiny new BTC...

Doing my part to keep it alive.  It was sort of a collective effort, but my credit goes to Bob Lawblaw on this one for the immaculate fiddle shop, tip o' the hat to that fabulous cow killin' queer.



Actually I am less and less inclined to educate people on the facts and prefer to let market do its work, i.e. redistribute wealth from those who are ignorant or got it wrong and yet refused to admit their mistakes. 

This, I love it when being wrong has actual, real time, consequences, as opposed to, say, denying evolution or a spherical planet.
vroom
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November 09, 2017, 02:46:36 PM

can we have some choo choo please. altcoins got enough love now.
Arriemoller
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November 09, 2017, 02:49:26 PM

can we have some choo choo please. altcoins got enough love now.

https://www.youtube.com/watch?v=6LFg3HPf83A
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November 09, 2017, 02:52:32 PM

https://www.youtube.com/watch?v=fpzkAZmJ77I
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November 09, 2017, 02:57:40 PM

thanks, so much choo choo. this thread delivers Smiley
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November 09, 2017, 03:25:46 PM

Ms Kaminska writing lovely things about the Honey Badger as usual

https://www.ft.com/content/c166aa1e-c303-11e7-a1d2-6786f39ef675

Quote
And even if all that were possible, none of it changes the fact that if bitcoin’s primary use is for speculation rather than transaction, the energy wastage serves very little constructive social purpose at all.


energy wastage is heating my house, my mistresses' houses, the office ...

energy from Chinese, Siberian, Canuck dams would be wasted if not used for mining

that girl needs a good somethinging

Light Pollution in the U.S. alone: 120 terawatt-hours/year

Bitcoin Network: 11 terrawatt-hours/year (??)

CERN Hadron Collider:  1.3 terrawatt-hours/year



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November 09, 2017, 03:29:13 PM



Thx - that's a nice picture to understand that single small users cannot / should not control bitcoin any more.

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November 09, 2017, 03:40:29 PM

Ms Kaminska writing lovely things about the Honey Badger as usual

https://www.ft.com/content/c166aa1e-c303-11e7-a1d2-6786f39ef675

Quote
And even if all that were possible, none of it changes the fact that if bitcoin’s primary use is for speculation rather than transaction, the energy wastage serves very little constructive social purpose at all.


energy wastage is heating my house, my mistresses' houses, the office ...

energy from Chinese, Siberian, Canuck dams would be wasted if not used for mining

that girl needs a good somethinging

Light Pollution in the U.S. alone: 120 terawatt-hours/year

Bitcoin Network: 11 terrawatt-hours/year (??)

CERN Hadron Collider:  1.3 terrawatt-hours/year





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.
BitcoinNewsMagazine
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November 09, 2017, 03:44:56 PM


keeping up with the garzicks


That is remarkable for a wallet. Have to take a look at Samourai.
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November 09, 2017, 03:47:47 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
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November 09, 2017, 03:48:47 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.

Typical EU bullshit. I'm still pissed about them fucking up the vape market. Fucking assholes. Sorry for OT.

Will this affect cars bought before 2019?
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November 09, 2017, 03:50:52 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.



Last of the V8s
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November 09, 2017, 03:53:40 PM


keeping up with the garzicks


That is remarkable for a wallet. Have to take a look at Samourai.

would love to know what you make of it
tbh have heard mixed reviews
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November 09, 2017, 03:56:04 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.

It's not about "1mb forever", it's about not fucking up the network due to forking without consensus and RP. I don't give a crap if the blocksize is 1 MB or 2 MB, just the way it was done.
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November 09, 2017, 03:56:40 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

Awesome ! Plus they will probably adopt our enthusiasm for BTC which may deliver a good message to people
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November 09, 2017, 03:57:49 PM

. Yada yada yada.
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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.
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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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