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

[HairyMaclairy]

If anyone has any insights into conversion of BTC to sBTC (RSK token) and vice versa please share. The white paper says it will be value pegged but I am not so sure of that.

[Wekkel]

The white papers look ok to my untrained eye. Basically, Bitcoin holders do not have to do anything; the RSK protocol will simply be released and available for anyone to use.

The thing I do not fully understand is whether locking in a Bitcoin to the RSK sidechain and taking it out again comes with Bitcoin fees. If that’s the case, the RSK Network would seem similar to a token not connected to the Bitcoin protocol but pegged price-wise to the Bitcoin price on a 1:1 basis.

The proposed ticker SBTC has already been ursurped by Super Bitcoin (SBTC).

For more about RSK see: http://www.rsk.co/

Exciting times.

[Rosewater Foundation]

For more about SBTC see the Yobituary.
https://yobit.net/en/trade/SBTC/BTC
Currently trading at 1% of a Bitcoin.

[TERA2]

I want to say something bearish but I cant think of anything at the moment.

[mymenace]

I want to say something bearish but I cant think of anything at the moment.

RSK

smart contracts

[Rosewater Foundation]

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

[RobSteward]

Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?

#godblessthehodl

[mymenace]

Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?

#godblessthehodl

[milkshock100]

I want to say something bearish but I cant think of anything at the moment.

The number of disastrously incorrect calls you’ve continuously made should be making you consider keeping your mouth shut for the foreseeable future.

[milkshock100]

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

More likely when the time is wrong

[TERA2]

I believe I've made far more collect correct calls recently than incorrect ones.

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

[flynn]

I want to say something bearish but I cant think of anything at the moment.

The number of disastrously incorrect calls you’ve continuously made should be making you consider keeping your mouth shut for the foreseeable future.

Noo no. TERA is the only perpetual bear I can bear.

[TERA2]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

[TERA2]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

Well it's true that Bitfinex was begin glitchy that day before but that doesn't have much to do with anything else I've said

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

Well it's true that Bitfinex was begin glitchy that day before but that doesn't have much to do with anything else I've said

The point is you didn’t subsequently acknowledge that as the bottom, you claimed it would go lower and it didn’t

[TERA2]

I still think it's going to go lower, eventually.

Whether it goes back up to 16.5K, 20K, or even 30K, theres still plenty of room for a further drop below 10600 afterwards

There wasnt enough volume at the 10600 for that to be the capitulation or anything.

[STT]

Most people are lost on the workings of BTC and how to predict important factors like Fees.
I swear this user experience is so important to the ongoing viability for crypto overall, Im bullish on technology which enables the user not just theoretical achievements just being helpful and predictable is a massive bonus.   I agree with the recent posts by the ETH founder and others who state people have lost their way thinking of price, ironic thing to say on price thread but predicting price is looking at the more important factors  then speculators.  Im more bullish when people watch where they walk then staring at the sky

I can understand not delving into the maths side of things, but what BTC brings to the table is the ability to send money without banks. If you don't understand how to actually send coins, you shouldn't put money in this.

At Christmas dinner I was talking with a cousin who has put money into BTC recently and was worried. I didn't advise him that move, as I don't want the trouble. He was worried because of the correction, so I asked him : where are your coins, in your wallet ? He didn't know what a wallet was, everything is on an exchange... I educated him about the dangers of this, at least.

Problem is that guy is the majority of participants in Bitcoin now perhaps.   I can easily believe we have crossed that line where the new people outnumber any of the original mining generation who know Bitcoin wasnt always something you had to buy and websites are not how to hold BTC.

The product has to be user friendly or it wont succeed, something else will.   Especially if companies can just take the product and innovate and still retain the central benefits Bitcoin has.   Is anyone cheering for Ripple, Im not and I dont want that to be where any related mainstream use is most found.     I used to be in support speaking to Doctors, Lawyers and all sorts of clever people technical people highly trained in their fields but not able to sort tasks on a computer without error, its not viable to refuse this business.      Maybe they could and should sit down and study the details of what they are using but people dont do this, they just want it to work especially if its removed from what they are familiar with and crypto is new in alot of different ways.    I'm convinced this is a large part of any online successful product now

[HairyMaclairy]

Happy Birthday Bitcoin


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