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

[flynn]

If Bitcoin can't be used economically in a vending machine... there is a problem.

Is this a lambo vending machine ?

[Xian01]

Bah.

$20k USD/BTC for Christmas would have been nice 

That sea of red tho...

[El duderino_]

Show me Some greeeeeen for Xmas 😂

[rezurect007]

A tiny flat top on the bitfinix 1h chart...


tiny fake wall @14k


first red on 6h.
RSI overbought.
Small dip incoming.

Called that dip correctly.
15k to 11.6k.

Fake wall @12.5k
Expecting a retest of 10700

1500 BTC fake wall @ 11k
I believe we will go down to retest 10700 in the short term

[starmman]

Bah.

$20k USD/BTC for Christmas would have been nice 

That sea of red tho...

Looking a bit bearish today - Suspect its to do with the alt surge - that will all dump into BTC at some point...

[Torque]

OT: Theranos.

Why in the hell do investors keep giving this shit company money? They have been at it over a decade now and they have nothing, zero, zilch, nada. Their supposed super secret IP is a complete fraud, a scam. They haven't made a dime on anything. Their CEO jet sets around and lives like a billionaire queen, and has been doing so for ten years now. She's delusional and thinks that she is the next Steve Jobs.

https://www.yahoo.com/tech/theranos-gets-100-million-debt-181505187.html

[jbreher]

You can't send "money" or "wealth" over the internet

I think I see your axiomatic misconception, r0ach. You are conflating money and wealth. Money is not wealth. It is a representation of wealth. It is information about wealth.

And information can certainly be sent over then internet.

because everything digital is either valueless due to no scarcity, or just an artificial scarcity con job.  

How do you justify calling this scarcity artificial? In practice it has proven itself to be very real.

[nikauforest]

Merry Christmas from the southern hemisphere.

[sirazimuth]

huh! another sea of red with a doge ship steaming by...
the dogecoin thing has always baffled me...

much wow!...yeah whatever dude....

[jbreher]

I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin.

We tried to tell you... and were soundly excoriated for it.

At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.

We tried to...

Ok, you sure have a point there. But you guys are wrong in that *just* a blocksize increase is an scalable solution. It isn't.

You are going to have to do better than a simple assertion.

The only serious investigation into the matter has proven that your average 'home' computer today can handle a simple block size increase that will net us about 100 tx/s. And with a fix to core's crappy multithreading design, can handle block size increase up to about 500 tx/s. And that is without looking for other sw architecture improvements.

How many years' worth of simple blocksize scaling do you think that will net us? Even if only one (as if), that would immediately eliminate the blockapocalypse. We don't know whether or not that would be sufficient for Moore's Theory to carry us the rest of the way to ubiquity. But it would at least provide time for LN to mature, and solve today's (and tomorrow's) pressing issues.

Core is either completely deluded in terms of economics and game theory, or they have a different goal than has publicly divulged. In the end, it matters not which of these two postulates is the correct one. Either way, you've all been led asunder.

And that's from a tech side... from a "marketing" perspective... Do you really think trying to destroy confidence in the main cryptocurrency as a store of value would do any good in the long run trust over *ANY* cryptocurrencies?

(stuff about a clearly inapplicable analogy deleted)

How much confidence destroying is going on with the current situation? If we would have had a block increase, we would not be in backpedaling apology mode. Especially in so public a manner. Rip the bandage off already.

[txtravwill]

Ok, just bought a nice chunk at $12,750 so BTC should move now ;-) 

[jbreher]

But I ask you this then in return, why has he not been perma-banned from the WO thread?

For all our disagreements, Torque, I never would have pictured you as devolving into special snowflake mode.

Hmm.

[Lopumbo]

I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin.

We tried to tell you... and were soundly excoriated for it.

At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.

We tried to...

Ok, you sure have a point there. But you guys are wrong in that *just* a blocksize increase is an scalable solution. It isn't.

You are going to have to do better than a simple assertion.

The only serious investigation into the matter has proven that your average 'home' computer today can handle a simple block size increase that will net us about 100 tx/s. And with a fix to core's crappy multithreading design, can handle block size increase up to about 500 tx/s. And that is without looking for other sw architecture improvements.

How many years' worth of simple blocksize scaling do you think that will net us? Even if only one (as if), that would immediately eliminate the blockapocalypse. We don't know whether or not that would be sufficient for Moore's Theory to carry us the rest of the way to ubiquity. But it would at least provide time for LN to mature, and solve today's (and tomorrow's) pressing issues.

Core is either completely deluded in terms of economics and game theory, or they have a different goal than has publicly divulged. In the end, it matters not which of these two postulates is the correct one. Either way, you've all been led asunder.

And that's from a tech side... from a "marketing" perspective... Do you really think trying to destroy confidence in the main cryptocurrency as a store of value would do any good in the long run trust over *ANY* cryptocurrencies?

(stuff about a clearly inapplicable analogy deleted)

How much confidence destroying is going on with the current situation? If we would have had a block increase, we would not be in backpedaling apology mode. Especially in so public a manner. Rip the bandage off already.

[jbreher]

Microsoft exec, head of decentralized identity weighs in. Oh yeah!

https://twitter.com/csuwildcat/status/944524657348055041

Thanks for the link. This seems important.

[jbreher]

So anyone buying their other half or family members some BTC for Christmas?

I've given each of the progeny (3 kids, 2 inlaws, 2 grandkids) 1 BTC each of the last three xmases. I see no reason to divert. This year, they'll be wrapped in Ledger Nano Ss.

[sirazimuth]

So anyone buying their other half or family members some BTC for Christmas?

I've given each of the progeny (3 kids, 2 inlaws, 2 grandkids) 1 BTC each of the last three xmases. I see no reason to divert. This year, they'll be wrapped in Ledger Nano Ss.

is that a tax write off? (serious question btw.. my tax knowledge is zero, tho that will be changing in near future, no doubt)

[Considered]

This year all the people that hold btc had a merry christmas gift from bitcoin thats why it dumped so hard. They cashed out maybe their half for christmas and new years table. After this occasion lets get back to the moon.

[sirazimuth]

everyone must have switched to buying up millions of pre filled dogecoin paper wallets instead of bitcoin for secret santa gifts or some such thing...

[BlindMayorBitcorn]

I hope these godless monsters stop dumping for Christmas. Baby Jesus FFS!

[HairyMaclairy]

OT: Theranos.

Why in the hell do investors keep giving this shit company money? They have been at it over a decade now and they have nothing, zero, zilch, nada. Their supposed super secret IP is a complete fraud, a scam. They haven't made a dime on anything. Their CEO jet sets around and lives like a billionaire queen, and has been doing so for ten years now. She's delusional and thinks that she is the next Steve Jobs.

https://www.yahoo.com/tech/theranos-gets-100-million-debt-181505187.html

It’s debt and probably secured against the only real assets the company has left (whatever those are).  Also drawdown is highly conditional.