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

[Rosewater Foundation]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

missing the boat and didnt buy ETH at sub 10 $?  

I saw that boat. I chose to stay in this one. No big woop.

[smartcomet]

Why Bitcoin dip today, just before the Segwit2X hard fork? Normally, a fork only rises the Bitcoin price.

And the price of SegWit2x in https://coinmarketcap.com/currencies/segwit2x/#markets also drops heavily.

Please be reminded that this fork is not the real Segwit2x! This has nothing to do with the cancelled fork that happened this november. You can check the developers of this coin, this is just another altcoin that cloned the blockchain of bitcoins much like bitcoin cash, bitcoin gold, bitcoin diamond, or whatever scam bitcoin fork that happened in the past.

This could have not been the reason of the price drop of bitcoins. The recent drop was clearly due to the correction of the price and not this poser coin. Do not be fooled by this coin.

You all can check this out, https://blog.drhack.net/segwit2x-28-december-scam/

Not the most reliable source of news, but it has a lot of indisputable proof so you can check the facts yourselves. This is a scam coin indeed.

[Arriemoller]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

You should be making the paper wallets on an offline computer. Nothing prevents you from testing the private keys on a wallet like electrum, on that offline computer.

Thanks, the computer will be offline  while I'm making the wallets, but it's not a computer that's offline usually.

the computer where you create the keypair needs to be an ABSOLUTELY SECURE ENVIRONMENT, linux distro with verified checksum that NEVER touches the web.

But I have to go online to download the site/program that creates the wallets.

[bitserve]

snip

Buying and selling dash is not a taxable event for you? How is that?

Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that   Some exchanges I have used no longer even exist.

Let's see the rationale for why it is a tax event with an example:

- You hold 1 BTC you bought for $1000
- Some time later you decide to buy dash
- Dash at that time has a "fair market price" of ie $100 whilst BTC is not at $5000
- If you were to buy 50 dash with FIAT for $5000 that would NOT be a taxable event (you need to take note and keep records of the buy though, for the future).
- But you instead decide to use the 1 BTC to buy the 50 dash. So, in effect, you have "SOLD" your 1 BTC at currently HIGHER price than what you bought it. You have had a realized $4900 cap gain that you "should" report -because that's not automaticly reported- and pay for it.

SO it is no different than just selling the BTC and using it for any other spendings/investments.

Of course you can choose not to report it. Maybe they will find out or not. It also depends on how much we are talking about, etc etc.... Oh, and if some day those dash skyrocket and you sell them.... How are you gonna prove when and how did you bought it in the first place? With which money? Oh, it was with BTC you "sold" but didn't report... hmmmm....

It sucks yeah....

[Arriemoller]

Then soak it in petrol and set it ablaze after you do the deed ...just to be sure ....

Don't forget the being naked while using it part.

LOL, Now I've got coke zero in my nose.

[sirazimuth]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

missing the boat and didnt buy ETH at sub 10 $?  

I saw that boat. I chose to stay in this one. No big woop.

Bet you saw the other 20 or so  now mega yachts too....like me....sux dont it?

[Arriemoller]

Try to use the Via BTC accelerator

https://pool.viabtc.com/tools/txaccelerator/

Sorry, your TXID doesn't exist  when I use accelerator.

How were your funds stolen?

Windows 10, I just did a fresh install a few days ago. I haven’t installed much other then btc, Ltd, ripple wallet. Not sure how I got a virus. It turned off windows defender and I only saw it detected a virus when I turned it back on. This is after I already noticed my coins moving on the blockchain. I don’t keep wallets on on my pc but I had them on for a min earlier today to move some coins.

That's what hardware wallets are for... to NEVER let your regular computer know your private keys not even for a brief second (which people with paperwallets will have to do when they decide to claim them).

Unfortunately that advice is of not much help for your recent incident now

If you claim it on a phone wallet it never touches your computer.

[Rosewater Foundation]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

missing the boat and didnt buy ETH at sub 10 $?  

I saw that boat. I chose to stay in this one. No big woop.

Bet you saw the other now  20 or so  mega yachts too....like me....sux dont it?

I'm given to understand boat ownership is overrated. Fancy cars are kind of a pain in the ass too, if you ask me. Fix the lube, jiff the skip, hoist the crankshafts. Uff. Forget it.

[JayJuanGee]

[edited out]

hey cheers for reply, yes feels weird to agree on something  

In my case, though I stated I try not to keep funds on exchanges, lately I am finding more funds than I'm normally comfortable with are ending up stuck on exchange . In large part because I haven't sent ID to any of them (I use a few) and so stuck with small daily withdrawl limits. Perhaps I need to tweak my own strategy slightly and start trusting xchange a little more. Something for me to ponder

Yeah.. to each his own, and sometimes, we may be able to tolerate a little bit of something like putting less than 10% on an echange, and still getting a decent amount of benefit by having some of that diversification and interaction with the bitcoin community and with the bitcoin prices, etc..

In recent times, I had really considered my selling BTC on the way up as a kind of downside insurance program - even though in practice, it seems to have caused me to accumulate a few more coins too...  especially when we get 20%, 30% and 40% dips, like we had gotten around 10 of them during calendar year 2017.

 But in the end, I am not really exclusively focused on the side-benefit of building and accumulating coins, but more largely upon creating some level of insurance for myself... and maybe in the end, I would make more money (value) by just keeping everything off line and HODLing to dee death?, perhaps? 

I have already experienced that hacks can cost quite a large number of coins and even still significant amounts of gained profits and such value might not ever be recovered into overall BTC holdings (or the comparative benefits of an ALL HODLing strategy). 

Maybe I do not focus too much about risks of losses (even though I do take various precautionary measures and even increase several of my precautionary measures), because there has been so much BTC price appreciation in the past two years, so in some sense, I feel as if I am playing with house money when it comes to the quantity of value that I have tied up through various exchange mechanisms? 

By the way, even though I have a certain level of confidence and stubbornness when it comes to following the terms of my own authorized BTC trading strategy, I am still the author of such authorization, and therefore, I am NOT locked into what I have already decided, and at any time, I can tweak or completely transform my strategy or abandon it, if I so choose, especially if I start to perceive that the costs of such participation are beginning to outweigh the benefits, from a personal viewpoint.

[cAPSLOCK]

You people are too damn smart. Verified checksum? Shee-it. How I ever got mixed up with you lot is beyond me.

Yeah... it's a decent gig.

[Dabs]

A lot of linux distros have md5, sha1, and even sha256 as well as GPG signed messages sometimes.

Even MS has hashes for their images. I got my key from an educational institution (school or colleges usually have some guy that has MSDN access).

As for uninstalling Windows 10, of course I can't do that, as I did a clean install of it, not an upgrade.

[Rosewater Foundation]

You people are too damn smart. Verified checksum? Shee-it. How I ever got mixed up with you lot is beyond me.

Yeah... it's a decent gig.

Best paying job I ever had.

[Arriemoller]

^^^^
You're intuition is spot on.

Also, power prices in Germany (and other Euro countries) going negative? So why aren't more Bitcoin miners setting up shop there?
https://www.nytimes.com/2017/12/25/business/energy-environment/germany-electricity-negative-prices.html

Warmist propaganda.
Germany has one of the highest price of electricity in Europe

Because 'customers' pay a fixed rate. Typically ~ 33 US cent / kWh, taxes, transportation fees (really), regional fees (regions with weaker infrastructure pay more), ecology fees (to pay people feeding power in from solar panels) and... more stuff... Selling prices are not really influenced by purchase/production costs. Long story short, mining will pay-off only if you have your own solar park and the sun is shining.

...or if you make a deal with somebody who will mine for you at a better electricity rate. 

This guy just opened a mining farm in Malmö, Sweden http://www.skd.se/2017/11/07/bitcoin-fabrik-oppnade-i-hamnen/
 And there is one in an actual mine in northern Sweden, and the old KNC miner rigs are still working. They were bought from the bankruptcy estate by a entrepreneur who knows nothing about mining but a lot about business. He lets people rent the rigs and he insulated the place and harnessed the heat and now sells it to the neighboring industries in the area. So more and more mining is going on in Europe, at least in Sweden.

[sirazimuth]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

missing the boat and didnt buy ETH at sub 10 $?  

I saw that boat. I chose to stay in this one. No big woop.

Bet you saw the other now  20 or so  mega yachts too....like me....sux dont it?

I'm given to understand boat ownership is overrated. Fancy cars are kind of a pain in the ass too, if you ask me. Fix the lube, jiff the skip, hoist the crankshafts. Uff. Forget it.

Um...ok, but thats not what i meant...boats as in the eth mega yacht boat, yeah ?
Shit nm...ive had too many ....lol

[Rosewater Foundation]

The poll is bullish as fark. Who here really thinks we're going to see $20k in three days? Tera?

[cAPSLOCK]

The poll is bullish as fark. Who here really thinks we're going to see $20k in three days? Tera?

Yeaaaah... I might have overshot it just a wee little.

[explorer]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance. 

All but one were bots...

[Rosewater Foundation]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance. 

All but one were bots...

Don't look at me. I snuck into October.

[bones261]

The poll is bullish as fark. Who here really thinks we're going to see $20k in three days? Tera?

Screw 20K we need it to be billions and billions. 

[Rosewater Foundation]

Carl Sagan would fit in well in Colorado these days. Fun fact.