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

[Dabs]

I have a unlocked rooted s7 edge that I use for international travel...love it.

Yeah, the price of the S8 will drop when the S9 comes out, then I can tell every miner out there that I have an S9 in my pocket. ha! Then the S7 will drop in price some more.

[Toxic2040]

I have heard that Bitconnect has sold more than 50,000 Bitcoins into fiat one of the major causes of the crash of the market. Considering it's a hiyp/ponzi site they have no problem with selling their big batch of sell order into the market.

Source ?

https://bitcointalk.org/index.php?topic=2773051.0 here you go mate. Credits to the owner of the thread.

Meh...this is speculation..not fact. BCC is a shit show there is no doubt..but I have seen very few facts.

It does stand to reason that the Bitconnect scammers would be eager to begin the obfuscation of their haul, they probably began selling well before announcing their exit.

Indeed. What I fail to grasp is why they didnt fractional token it ala mtGox..unless its been going on for far longer than we realize.

[Syke]

Where can I get those, are those old phones? How about more recent Nexus (Google) phones? or the Pixel 1 or Pixel 2?

I might get a Samsung Galaxy, old model, if I find one. They seem to be decent enough.

It's an old Google phone, available on Ebay/Amazon/etc.

The Pixels are great phones, I just don't think you can build your own firmware straight from AOSP.

[STT]

They wouldnt label themselves scammers of course but the general population would also view BCC similar to crypto in general , its all a bit muddy in many peoples perceptions imo.  BTC has to distinguish itself over time some more.    There were weak hands in a market always and also more long term interests who genuinely want to see gains from utility and actual usage.   The market price is a mix of both and lately I think we've seen too many speculators and 'fast money' types who want to flip and move on.    

Every single market sees these people pass through, it is upto BTC or crypto in general to handle the negatives and gain anyway.   A flush out always occurs in market dynamics, its a hurdle we must pass


I plotted in a downtrend channel for the BTC.   We've had them before now, this is beginning ATH, but now 12,000 as a trend top.  13,000 is old up trend boundary and 10,000 as the rough channel bottom

[adaseb]

Found this

https://www.youtube.com/watch?v=h7h6oWYYius

Apparently its a show on CNBC

I find it crazy how they write

"Don't panic when the coin drops 50%"


Is it just me or does it sound crazy not to panic when you lost 50% of unrealized gains.

[gentlemand]

Is it just me or does it sound crazy not to panic when you lost 50% of unrealized gains.

You are crazy. That's just another day in cryptoland.

[xhomerx10]

Found this

https://www.youtube.com/watch?v=h7h6oWYYius

Apparently its a show on CNBC

I find it crazy how they write

"Don't panic when the coin drops 50%"


Is it just me or does it sound crazy not to panic when you lost 50% of unrealized gains.

 ...but then wouldn't that be an unrealized loss?   Panic for nothing.

[cAPSLOCK]

Why not just get a Trezor for about twice the cost?

Can you download Coinomi, Bither and Bitpie and then claim your forks on a Trezor?

SatoshiLabs has to first add Trezor support for the new forked coins, as they have with past forks such as BCash and BitcoinGold. But once they have done that, you should be able to claim and send your forked coins anywhere you wish.

They have rules around what Bitcoin forks they will support though:

https://trezor.io/troubleshooter/#103

Thanks, but I have kind of an issue with companies telling me what forks I can and can not have.
With a phone I choose what to claim and not.

You still control your private keys.  Anything they do is a gift.  You can move your coins to another HD Wallet and then sweep the Bitcorn Blast off the old addresses just like you could with any other wallet.  Or import the old keys into your phone etc.

[AlexGR]

I have heard that Bitconnect has sold more than 50,000 Bitcoins into fiat one of the major causes of the crash of the market. Considering it's a hiyp/ponzi site they have no problem with selling their big batch of sell order into the market.

Even so, it makes more sense doing gradual sells than crashing the market.

But if you played the futures first, then it makes more sense to use 50k btc to crash the market in a spike-like manner during the futures-closing date and profit from the future market.

[jojo69]

Found this

https://www.youtube.com/watch?v=h7h6oWYYius

HODL

don't get REKT

got it CNBC guy...thanks!

[vroom]

So in other news, it appears that the moneybadger coalition successfully defended the 9-4RP2 keepstar from the goonswarm/imperium last night in the largest online battle that has yet occurred.  I have not seen a summary of the killboard, but over $1M (real money) worth of virtual equipment was at play in this engagement.

I played eve online far too long. it's more an economy simulalor then space game. Such big battles were pretty boring. it often took hours of waiting before the shooting starts and once it starts, the servers can't keep up with the load and the lag makes playing very annoying.

I loved hanging around in a space station in jita, doing some trades in the biggest market of the game. Trading was my main source of income. Before I left the game many years ago I bought all Thulium I could find for a very low price. Thulium is the rarest moon material but it was useless during this time. Later the developers of the game made an update, the production for some high tech products required thulium, the demand raised and the prices of Thulium mooned.

I think this game taught me alot about trading. I'm still hodling Thulium

edit: roached?

[jojo69]

Why not just get a Trezor for about twice the cost?

Can you download Coinomi, Bither and Bitpie and then claim your forks on a Trezor?

SatoshiLabs has to first add Trezor support for the new forked coins, as they have with past forks such as BCash and BitcoinGold. But once they have done that, you should be able to claim and send your forked coins anywhere you wish.

They have rules around what Bitcoin forks they will support though:

https://trezor.io/troubleshooter/#103

Thanks, but I have kind of an issue with companies telling me what forks I can and can not have.
With a phone I choose what to claim and not.

You still control your private keys.  Anything they do is a gift.  You can move your coins to another HD Wallet and then sweep the Bitcorn Blast off the old addresses just like you could with any other wallet.  Or import the old keys into your phone etc.

Don't bother, Arries understanding of the underlying technology is spotty at best.

A couple weeks ago he was claiming that he never signed his transactions.

https://www.youtube.com/watch?v=8GxFbw57dVU

[jojo69]

So in other news, it appears that the moneybadger coalition successfully defended the 9-4RP2 keepstar from the goonswarm/imperium last night in the largest online battle that has yet occurred.  I have not seen a summary of the killboard, but over $1M (real money) worth of virtual equipment was at play in this engagement.

I played eve online far too long. it's more an economy simulalor then space game. Such big battles were pretty boring. it often took hours of waiting before the shooting starts and once it starts, the servers can't keep up with the load and the lag makes playing very annoying.

I loved hanging around in a space station in jita, doing some trades in the biggest market of the game. Trading was my main source of income. Before I left the game many years ago I bought all Thulium I could find for a very low price. Thulium is the rarest moon material but it was useless during this time. Later the developers of the game made an update, the production for some high tech products required thulium, the demand raised and the prices of Thulium mooned.

I think this game taught me alot about trading. I'm still hodling Thulium

Great story re the Thulium.  I guess the battle turned out to be a bit of a bust.  They had over 6000 players in system and the time dilation got so bad that the goon FC couldn't implement his/her plan effectively so the trophy capitals were never committed.  In the end they only managed to burn up a few grand in equipment.

I myself am extremely thankful that in my life I have managed to avoid heroin, amphetamines, AND EVE Online.

Anyway, to keep us on topic, go moneybadgers!

[Last of the V8s]

not sure if scamcoin or shitcoin
https://pool.viabtc.com/announcement/27/
On January 20th, 2018, at block height of 505050, a hard fork will happen on Bitcoin (BTC) blockchain and create a new blockchain asset - Bitvote (Token: BTV; Website: http://bitvote.one/). Bitvote (BTV) increases its blocksize to 8MB and adopts SegWit, which to a large degree has improved it transaction efficiency. BTV supports CPU mining with CryptoNight algorithm and has a total supply of 21 million.

[HairyMaclairy]

So in other news, it appears that the moneybadger coalition successfully defended the 9-4RP2 keepstar from the goonswarm/imperium last night in the largest online battle that has yet occurred.  I have not seen a summary of the killboard, but over $1M (real money) worth of virtual equipment was at play in this engagement.

I played eve online far too long. it's more an economy simulalor then space game. Such big battles were pretty boring. it often took hours of waiting before the shooting starts and once it starts, the servers can't keep up with the load and the lag makes playing very annoying.

I loved hanging around in a space station in jita, doing some trades in the biggest market of the game. Trading was my main source of income. Before I left the game many years ago I bought all Thulium I could find for a very low price. Thulium is the rarest moon material but it was useless during this time. Later the developers of the game made an update, the production for some high tech products required thulium, the demand raised and the prices of Thulium mooned.

I think this game taught me alot about trading. I'm still hodling Thulium

edit: roached?

Interesting.  I never thought about this but the only trading I did before Bitcoin was in World of Warcraft on the Auction House.  It took me awhile but I eventually learned I could earn far more from a quick 15 minutes scooping up underpriced enchanting supplies and reselling than from running around doing daily quests.

The markets were less stable than crypto though !

I would have liked to do Eve but I know that it would take far too much of my time. I have trouble doing things by halves. I expect that’s a trait shared by many people on this thread. 

[Rosewater Foundation]

So in other news, it appears that the moneybadger coalition successfully defended the 9-4RP2 keepstar from the goonswarm/imperium last night in the largest online battle that has yet occurred.  I have not seen a summary of the killboard, but over $1M (real money) worth of virtual equipment was at play in this engagement.

I played eve online far too long. it's more an economy simulalor then space game. Such big battles were pretty boring. it often took hours of waiting before the shooting starts and once it starts, the servers can't keep up with the load and the lag makes playing very annoying.

I loved hanging around in a space station in jita, doing some trades in the biggest market of the game. Trading was my main source of income. Before I left the game many years ago I bought all Thulium I could find for a very low price. Thulium is the rarest moon material but it was useless during this time. Later the developers of the game made an update, the production for some high tech products required thulium, the demand raised and the prices of Thulium mooned.

I think this game taught me alot about trading. I'm still hodling Thulium

edit: roached?

Interesting.  I never thought about this but the only trading I did before Bitcoin was in World of Warcraft on the Auction House.  It took me awhile but I eventually learned I could earn far more from a quick 15 minutes scooping up underpriced enchanting supplies and reselling than from running around doing daily quests.

The markets were less stable than crypto though !

A few people I've talked to became interested in Bitcoin following the Second Life game currency. Linden Dollars I think?

[HairyMaclairy]

It makes perfect sense.  I despised the gold farmers like most players but there were some who claimed to make a living from it. Not the Chinese, the real money was with uberguild leaders who exit scammed.  

The more I think about it, the more parallels I can see....

[xhomerx10]

If Bitcoin closes above 11147 in 2.75 hours from now, that would be bullish and Boblawblaw should then be able to stick to his retirement plans and sell @ 12500 very soon.

[Rosewater Foundation]

So, good luck to you if you find yourself with only sporadic appearances in the official books of state, if you are a rural migrant without a recorded birthdate, identifiable parents, or an ID number. Sorry if you lack markers of stability, if you are a rogue traveller without permanent address, phone number or email. Apologies if you have no symbols of status, if you're an informal economy hustler with no assets and low, inconsistent income. Condolences if you have no official stamps of approval from gatekeeper bodies, like university certificates or records of employment at a formal company. Goodbye if you have a poor record of engagements with recognised institutions, like a criminal record or a record of missed payments.
https://www.nesta.org.uk/blog/war-cash h/t @J9Roem
I missed this from 2016

Thanks for sharing this. It moved me.

[adaseb]

Don't know if you guys frequent the "Mining" section but its brutal there.


Basically Bitmain pulling another Bitmain and over-supplying the market with an ASIC for SIA. Noobs ordering a bunch of units expecting $500/day and while UPS is dropping off these ASICs the difficulty triples in about a day.
https://siamining.com/stats


Also people going CRAZY over GPUs. People basically paying $1500 for GPUs and Computer Stores either Out of Stock on PSUs or REFUSING to sell PSUs without a Mobo+CPU combo.


While I'm just chilling and mining on my good old 7970 from the Litecoin days on my old trusty Corsair 750W with ROI being the least of my worries.