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

[flynn]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

that looks full retard plus i bet the devs have zero experience in gemology :-D looks like epic scam<<< 210 million = x10 supply rotfflmao

Nice FAQ ...

"... This will cause a bifurcation of the Bitcoin blockchain ..."

 

Meh, that just means it'll furk twice

[600watt]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

let´s fork bitcoin and call it bitcoin bullshit. or bitcoin lambo.

[Torque]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

let´s fork bitcoin and call it bitcoin bullshit. or bitcoin lambo.

Bitcoin Wright
Tagline: "Because when you're wrong and a total fraud, you're still [W]right."

[explorer]

imo better in almost every aspect than bitcoin but it will never reach public adoption because of its "private features" - look at the number of devs supporting monero in comparison to "core" 
bitcoin is that fat one night stand you keep on meeting, because you hope you get to know her hot girlfriend monero better

BTC has 3x the devs... and 100x the size (well, maybe 50-ish now)  So XMR has more hot girlfriends per capita 

[RealMachasm]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

let´s fork bitcoin and call it bitcoin bullshit. or bitcoin lambo.

Bitcoin Wright
Tagline: "Because when you wrong and a total fraud, you're still [W]right."

 😂

[Dabs]

Well, the altcoins and alt-ICOs are good for moar speculation, and moar profits. I'm not even a very good trader but I made a bunch of still unrealized gainz. Buy and hodl works there a little better, but the problem is knowing or guessing which ones are better to hodl or dumpl.

[kurious]

imo better in almost every aspect than bitcoin but it will never reach public adoption because of its "private features" - look at the number of devs supporting monero in comparison to "core" 
bitcoin is that fat one night stand you keep on meeting, because you hope you get to know her hot girlfriend monero better

BTC has 3x the devs... and 100x the size (well, maybe 50-ish now)  So XMR has more hot girlfriends per capita 

Undoubtedly true, but of course you will never catch them at it.  XMR is so private, you can't prove a damn thing.

[jojo69]

I know we shouldn't really talk about alts but what do you guys think about Monero? Wondering if i should snag some....

Suddenly only giving it a thought because it's being pumped? No offense, but that's lizard thinking.

while I do agree that one should question sudden interest on a pump, I think Monero and ZEC are among the better alts, I mean, unless you like paying taxes...

[Dabs]

I mean, unless you like paying taxes...

I don't like it anymore than most people like it, but it is our duty and obligation. Leave it to them to mismanage our funds tho.

[jojo69]

close your eyes and think of England

[bitcoinPsycho]

https://www.cryptocoinsnews.com/max-keiser-bitcoin-to-reach-100000-calls-bitcoin-cash-a-fraud/

go max go

[AlcoHoDL]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

Their site looks almost the same as those canned forks we've had before (BCH, BTG). And nobody seems to care about proofreading it. I just very quickly scanned trough the main page and spotted a typo in under 10 seconds:

WALLTETS

Also, the development team is a bunch of very well known and reputable folk in the coding community, with ties to the British MI6 mind you! I'm very reassured now...

[vroom]

my newbie bitcoin price prediction for the coming days.

many alts are doing great right now and bitcoin is pretty stable well above 8000. the bitcoin volume is kinda small, I expect big price movements once the volume increases. with all this FUD right now a dip is most likely. but it will not last long because alts will move back to bitcoin when the price drops and catapult it to a new carolina ath.

[realr0ach]

https://i.imgur.com/EiAkazx.png

the smart money

Congratulations on making it into:

The r0ach report 24:  Bitcoin has involuntarily turned many programmers into conmen

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-24-bitcoin-has-involuntarily-turned-many-programmers-into-conmen

https://i.imgur.com/EiAkazx.png

I saw the image above linked online and someone referred to it as "the smart money".

This is where they're wrong.  True, bitcoin has lots of smart people in the space, but all programmers have a god complex and pretend that any problem can just be worked around with some rickity hack.  They don't believe in unsolvable problems.  A truely smart person would be able to go through all possible branch prediction beforehand and realize that it's not possible to create a decentralized digital currency at all.  

If any cryptocurrency you create will either be completely centralized from day one, or designed to become that way over time, this means none of them have any fundamentals whatsoever.  If something has zero fundamentals, it's price is inevitably going back to mirror those fundamentals - zero.  

All the people you see in bitcoin right now are just programmers (problem solvers) who are trying to make a name for themselves by...solving problems.  The fact that the problem is not solvable is the perfect rat trap for any programmer since most cannot identify the issue due to their inherent god complex as mentioned above, and they will continue to shovel out dysfunctional Rube Goldberg machine one after another promising "the real cool working thing is just around the corner!", but it will never come since it's not even possible.  I expect Ethereum will be the epitome of this example.

It's not like all programmers are just delusional fool problem solving monkeys, though.  Off the top of my head, Gmaxwell said before bitcoin was created that it wasn't possible to create a decentralized digital currency, but then saw bitcoin and flip flopped and became a dev for it.  I assume he will eventually flip flop back again after exhausting all options or go insane in the process ala fate of most mathematicians.  Mind-boggingly, many other people who work on bitcoin are some of it's biggest skeptics, such as Peter Todd flash dumping much of his stash when he saw it becoming completely centralized under corporate-like entities such as Ghash.io in the past.

Ironically, some of the much less popular and more notorious people in the bitcoin space identified cryptocurrency for what it is far ahead of the mainstream ones who still don't seem to get it (if you take Gmaxwell's flip flop into account that is).  People such as Realsolid of MCXNOW identified all cryptocurrency as mostly useless "Rube Goldberg" machines in private conversation long ago in the past.  At the time, I was leaning towards 90-99% chance these are all unsolvable problems myself.  Shortly thereafter, (notorious?) user Anonymint in typical Anonymint wall of text fashion also identified decentralization in cryptocurrency as an unsolvable problem on the bitcoin forums.

Many of these people in the bitcoin space constantly flip flop back and forth due to the inherent god complex in programmers, so it's hard to keep track of who is on what side.  The one constant trait in bitcoin is that the people who know the absolute least about it have the most confidence, or at least 'portrayed' confidence about it.  In the context of this article, these people shall be known as traders and pumpers.

The traders and pumpers manipulating price tend to provide a feedback loop to the programmers who then feel if the price is going up instead of down, their work or technical belief system is somehow valid; or in the case of cryptocurrency decentralization being an unsolvable problem, the Rube Goldberg machine currently fooling enough people that matter.

[Torque]

Blah blah blabbadie blah blah blah

[Biro Bob]

Sometimes I wonder if altcoin proponents ever have this honest conversation with themselves:

"I bought into this great altcoin called [X]. It has these great, neato features that Bitcoin doesn't have. I've held this altcoin for years and years. Of course, I've never really spent them on anything, and likely won't. So I really can't attest that these great, neato features really have any real value to myself, or anyone else for that matter. And now that I really think about it ...it hasn't really changed my life in any significant way to hold/use this altcoin versus just using Bitcoin. But I'm gonna keep holding it anyway because....umm...because .....neato features! Hypothetical use cases [that never apply to me] matter!!"

Lol  

Hi Torque. Whilst I agree with many of your posts and enjoy reading them, I can honestly say that ‘honest conversation’ when it comes to Monero. got into Monero in 2014 and have held it ever since. I love it as a store of value and I believe in its long term potential. I like the idea of a Swiss bank account in my pocket and whilst I love Bitcoin too.... I hate revealing the contents of my wallet when I pay someone.

[Torque]

I hate revealing the contents of my wallet when I pay someone.

That's cool. I'm glad you are a Bitcoin supporter. You can think what you want about Monero. But every time I've spent bitcoin on something, I've never revealed the contents of my wallet to anyone. So...?

[Biro Bob]

I hate revealing the contents of my wallet when I pay someone.

That's cool. You can think what you want about Monero. But every time I've spent bitcoin on something, I've never revealed the contents of my wallet to anyone. So...?

I avoid it where possible, but it’s not as easy to do as it is using Monero. What’s your trick for simple obfuscation in Bitcoin? Do you transfer to an exchange then out again or something like that?

[realr0ach]

That's cool. I'm glad you are a Bitcoin supporter.

Quotes like this are why you can tell cryptocurrency is just a pump and dump hype scam.  Such things called objective fundamentals exist.  Whatever has the best fundamentals will eventually win out and doesn't need "supporters" aka cult members to join.  The best thing will simply rise to the top regardless due to it's traits.  Bitcoin is more like a multi-level marketing scheme at this point with thousands of people like "fonestar" spamming "BUY BITCOIN (or ethereum or other random craptocurrency) BECAUSE I OWN SOME AND IT WILL MAKE ME MONEY IF YOU DO".

I've already diagnosed all possible branch prediction in terms of money and what can and cannot be done with digital currency.  It's not possible to create a decentralized cryptocurrency.  They all either start centralized from day one, or become increasingly centralized by the day.  This means the only thing that will survive/morph out of this entire space are federated chains run by govts and corporations, something nobody on this forum should want to be a part of.

You have a lot of complete fools and pump and dumpers claiming that because something has the word "digital" in it, that it's the "future".  In terms of actual fundamentals, cryptocurrency makes no improvement whatsoever to the real decentralized money that existed before it - gold and silver.  Everything about so called digital money is a step backwards.  The only "improvement" in cryptocurrency is how fast you can dump it, but that's also a trait shared by fiats.  It would be like a fiat person claiming to a bitcoin person that fiat is better because it's easier to dump.  Hilariously, Gresham's law facilitates that paradigm that the worse a money is, the more liquid it is, so bitcoin being quicker to dump since it can be done at a distance is not even a plus.

[fluidjax]

This is a bunch of interesting Bitcoin charts I hadn't seen before.


http://charts.woobull.com/bitcoin-nvt-ratio/