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

[HairyMaclairy]

The major exchanges are within $300 of each other. How odd. 

[1714469972]

1714469972

[1714469972]

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[JimboToronto]

Litecoin is a junk fork, its only use is salvaging your money from bitfinex and ripping off people.

Litecoin isn't a fork. It's an alternative cryptocurrency with a different hashing algorithm, whose original primary function was to demonstrate how easy it was to copy the Bitcoin formula.

It became more widely adopted after the advent of SHA256 ASICs because it extended the useful life of GPU miners by using Scrypt.

[JayJuanGee]

*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...


(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)

But you are the one who sets your buy and your sell orders, right?

The top, so far, has been $17,270, so if you been into bitcoin for a while, it seems strange to set buy orders that are so high, no?

Just to use myself as an example regarding my orders on bitstamp for today, I had one sell order execute at $15,850-ish, and then I had another sell order execute at $16,850, and then I had a buy order execute at $16k - ish. 

So, I am a bit unclear how your buy would be so close to the top, unless you sold some near today's top... .. and if you did, then it is not a big deal if you bought some back so high... that is $500 below the top, which is about 3%.

Even though my current increments are between 4% and 6%, I used to trade in 1.5% increments, just for practice and just to set up buy and sell orders.   I know some high volume and high frequency traders set their bots for less than 1%, but gosh probably need a bot for that, especially with the intensity of these recent price movements.

[JayJuanGee]

Meanwhile, cost on Bitcoin bCash? Less than two pennies. Plus its being discussed on national financial news. Litecoin? Not so much.

[https://i.imgur.com/oKoNJc3.png[/img]
 

I question whether I should quote the diagram for your little Bcash pump scheme... I fixed the spelling for you above.

You are engaging in Bcash pumping in a bitcoin thread... what is your purpose?  

You think that is a relevant topic?

Of course, you don't really believe in bcash because otherwise you would sell all of your bitcoin and invest in bcash and participate in the bcash discussions and promote your stupid-ass little sabotage coin..... but instead, you won't sell your bitcoin , and you just want to complain about bitcoin, spam the bitcoin network, and then make up shit that your little sabotage coin is better or to try to suggest that it is the real bitcoin, and that is why you refuse to call it by its less ambiguous name.

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

[HairyMaclairy]

Reddit two weeks ago.

[Searing]

Meanwhile, cost on Bitcoin bCash? Less than two pennies. Plus its being discussed on national financial news. Litecoin? Not so much.

[https://i.imgur.com/oKoNJc3.png[/img]
 

I question whether I should quote the diagram for your little Bcash pump scheme... I fixed the spelling for you above.

You are engaging in Bcash pumping in a bitcoin thread... what is your purpose?  

You think that is a relevant topic?

Of course, you don't really believe in bcash because otherwise you would sell all of your bitcoin and invest in bcash and participate in the bcash discussions and promote your stupid-ass little sabotage coin..... but instead, you won't sell your bitcoin , and you just want to complain about bitcoin, spam the bitcoin network, and then make up shit that your little sabotage coin is better or to try to suggest that it is the real bitcoin, and that is why you refuse to call it by its less ambiguous name.

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

Some of the 'tactics' are mining. I had a buddy pm me that he is making $5 a day now with a 2014 KNC 3TH Neptune Miner on BCH. Thus, it is a way, IMHO, for big china miners and others,

(and of course, bitmain using ASIC boost for 15% more profits, which does not work with seg witness BTC anymore), as a way to get some mining use out of their older ROI'd machines

longer. Long term, they are simply going to get BTC or other alts with BCH when even that does not work anymore.....and this game can't be played anymore, pretty obvious how BCH

is being used, and why all the FUD against BTC. Toss in the spam on the BTC network to drive up transaction fees for users to miners and we are talking some real $$$. Funny how the spam

all went away this last summer/fall when folk thought segwit2 had a shot. (silly, funny, hairless, primate, naked, humans..tossing poo.....its a wonder anything works)

usual games rinse/wash/repeat

[HairyMaclairy]

I think many of us are looking forward to the 1 Jan Coinbase dump.

[HairyMaclairy]

Badger finished nap?

[JimboToronto]

This guy gets it:

https://www.youtube.com/watch?v=ukjDCeuNK3Y

These guys get it too:

http://www.news.com.au/finance/money/investing/winklevoss-twins-say-bitcoin-will-increase-another-20-times-amid-growing-warnings-of-crypto-mania/news-story/5516952c91834dc785cf6e7ccdbad403

[JayJuanGee]

The wealth I eventually acquired from Bitcoin was .......[fill in the blank_________].

Recently, I have been kind of talking like this too, and i think it has been about since $1,000 that I started to fill wealthy and everything after that has been kind of a cushion and icing on the cake.

Before $1k, I remained a bit nervous, even though I felt that I had a good investment, but I felt some insecurity with my cushion, and that I needed to keep prepared for any just in case price drop.

Now at $16k plus, we have like a $16k cushion that can cause use to increasingly refer to our "eventually acquired wealth" as a kind of preparation meets opportunity kind of luck... Yeah, sure there is luck, but we had to prepare for our luck and we also had to identify and seize upon some of the opportunities that were presented to us.

Now, I think that people with 50 or more coins can consider themselves wealthy because if you can mostly hang onto those coins, they are very likely to continue to appreciate and continue to contribute to your wealth. 

I am also getting the feeling that people of 20 or more coins are going to soon fall into such a wealth predisposition category, too.

[JimboToronto]

Badger finished nap?

Snakes and larvae digested (burp) and ready for breakfast. 

[TERA2]

This guy gets it:

https://www.youtube.com/watch?v=ukjDCeuNK3Y

These guys get it too:

http://www.news.com.au/finance/money/investing/winklevoss-twins-say-bitcoin-will-increase-another-20-times-amid-growing-warnings-of-crypto-mania/news-story/5516952c91834dc785cf6e7ccdbad403

That would make them 35-billionaires?

[HairyMaclairy]

 I think we can assume they still don’t have all their coins. They would’ve spent a lot of on legal fees.

[Heater]

We now get a Bitcoin price & chart on the 7PM news every night. Tonight we got this as well:

[explorer]

We now get a Bitcoin price & chart on the 7PM news every night. Tonight we got this as well:

Haha look at his face 

[jbreher]

Litecoin isn't a fork. .

Careful. The term 'fork' is an overloaded one in the cryptocurrency space. While Litecoin is not a chain fork from Bitcoin, it is a code fork from Bitcoin.

Just keeping it real. Carry on.

[Heater]

We now get a Bitcoin price & chart on the 7PM news every night. Tonight we got this as well:

Haha look at his face 

Get on board Populous - whatever that is.

In other news, surprise surprise - Bitcoin about to EXPLODE in the next few minutes.

[JimboToronto]

The wealth I eventually acquired from Bitcoin was .......[fill in the blank_________].

Recently, I have been kind of talking like this too, and i think it has been about since $1,000 that I started to fill wealthy and everything after that has been kind of a cushion and icing on the cake.

Before $1k, I remained a bit nervous, even though I felt that I had a good investment, but I felt some insecurity with my cushion, and that I needed to keep prepared for any just in case price drop.

Now at $16k plus, we have like a $16k cushion that can cause use to increasingly refer to our "eventually acquired wealth" as a kind of preparation meets opportunity kind of luck... Yeah, sure there is luck, but we had to prepare for our luck and we also had to identify and seize upon some of the opportunities that were presented to us.

Now, I think that people with 50 or more coins can consider themselves wealthy because if you can mostly hang onto those coins, they are very likely to continue to appreciate and continue to contribute to your wealth.  

I am also getting the feeling that people of 20 or more coins are going to soon fall into such a wealth predisposition category, too.

My faith conviction in the long-term potential of Bitcoin never faltered, even during the darkest days.

The worst was during the spring and summer of 2013 because it was my first deep crash. I missed the great bubble of 2011 but had learned the history and knew it would rise again. The only coins I sold were during the "dead" (LOL) cat bounce when my $155 ask was filled. I immediately placed a $97 bid which was soon filled. After that the 2014-5 downturn was small potatoes.

I haven't sold any coins since except for $150 worth a couple of years ago when I needed pocket cash to buy beers at the ballpark, and then the$6000 worth I sold last week because of a cash emergency and having to honor a commitment. What a mistake. After selling, of course the price skyrocketed. If I'd been able to wait 2 days, I would have gotten $10k instead of $6k.

Now it bugs me that the 50 coins I lost at MtGox are worth over $1mCAD but it helps keep me on an even keel. I still don't think of myself as "rich" despite being a Bitcoin multimillionaire. Maybe after a couple of doublings.

Indeed, anyone with 2 digits of coins can start thinking of themselves as wealthy and those with 3 digits can look forward to being truly rich some day. Those with 4 digits can look toward being very rich and those with 5 or 6 digits (e.g. the Winklevoss twins) will be the new wealthy elites.

Satoshi? Who could possibly deserve it more to be the new Rothschilds?

[jbreher]

Meanwhile, cost on Bitcoin Cash? Less than two pennies. Plus its being discussed on national financial news. Litecoin? Not so much.

[https://i.imgur.com/oKoNJc3.png[/img]

I question whether I should quote the diagram for your little Bcash pump scheme... I fixed the spelling for you above.

Quote. Do not quote. I care not.

Incidentally, you are confused. Bcash has not yet launched.

You are engaging in Bcash pumping in a bitcoin thread...

orly? What was it that I was replying to? Perhaps Litecoin pumping? Let us set the wayback machine and check:

Food for thought: you are going to see vendors start switching from taking bitcoin to litecoin.

The average fee today for a bitcoin transaction was $21. For litecoin 27 cents. Vendors are getting stuck bitcoin transactions and are no longer willing to deal with it.

You think that is a relevant topic?

Absolutely.

Of course, you don't really believe in bcash

Now you are starting in again with your sanctimonious holier-than-thou delusions-of-omniscience statements about what I believe. Fuckin idiot - you have no idea why I do what I do. So just stop.

because otherwise you would sell all of your bitcoin and invest in bcash

Oh but I have. I hold much more Bitcoin Cash than Bitcoin Segwit. But that is really irrelevant. Do you hold any stocks? Bonds? T-Bills? Dollars? If you are so sure that Bitcoin Segwit is the be-all and end-all, why do you own anything but? Not that I find this a valid line of reasoning; I am just turning your words around on you.

and participate in the bcash discussions

I regularly participate in Bitcoin Cash discussions. What makes you think that I do not?

and promote your stupid-ass little sabotage coin

'sabotage coin'? Dipping deep into your bag of epithets, eh? Nothing could be further from the truth. When Bitcoin Segwit falls flat on its face, this 'sabotage coin', as you so glibly put it, will be what saves the crypto community from its self-induced darwination.

..... but instead, you won't sell your bitcoin

You are nothing but a pissant, you know that?

and you just want to complain about bitcoin,

No. I want to alert about the weaknesses of Bitcoin Segwit.

spam the bitcoin network,

I have never spammed the Bitcoin network - whatever the hell that means.

and then make up shit that your little sabotage coin is better

Along some axes -- i.e., the price and throughput of transaction capability as measured today -- it is objectively better. Your favored Litecoin, while providing lower price and higher throughput transaction capability than Bitcoin Segwit, is orders of magnitude from that of Bitcoin Cash.

or to try to suggest that it is the real bitcoin

When the accumulated proof of work of Bitcoin Cash exceeds that of Bitcoin Segwit, it will indeed become the real bitcoin. Your favored Litecoin, OTOH, does not trace back to the genesis block, which is but one reason it can never become the real Bitcoin.

and that is why you refuse to call it by its less ambiguous name.

How could referring to it by its recognized name be more ambiguous that your referring to it by the exact name of another coin altogether? Logic much?

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

Now you are pumping Litecoin? In a Bitcoin WO thread? Tell me it ain't so!

[JimboToronto]

I think we can assume they still don’t have all their coins. They would’ve spent a lot of on legal fees.

They didn't have to. They got over $60m in their Zuckerberg settlement and spent less than a third of it on Bitcoin.

They've clearly stated on several occasions that they haven't sold any appreciable amount. In fact in this interview they said they spent bitcoins twice, once to get Cameron some leggo, and once for seats on Richard Branson's spaceship. They said they regretted the latter because of how much the price has multiplied since.

They were already rich.... "the rich get richer and the poor get poorer"...

Actually, that's the great thing about Bitcoin, even some of us poor folk get richer.