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

[keyboard warrior]

Is this going to be a good alternative to Tether?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency

It could be.

Some other interesting stories from cointelegraph are that South Korea is definitely not banning bitcoin, and Russia's largest state bank is going to launch its own cryptocurrency exchange in its Swiss branch.

Russia's not banning bitcoin either, its regulating it with a Digital Assets Regulation Bill.

https://cointelegraph.com/news/south-korea-finance-minister-confirms-no-ban-on-cryptocurrency

https://cointelegraph.com/news/russias-largest-state-bank-to-open-cryptocurrency-exchange-in-europe

On Jan. 25, Russian authorities presented the Digital Assets Regulation Bill, which defines and establishes a regulatory system for cryptocurrencies, ICOs, mining and trading.

According to the latest update of the bill, the Ministry of Finance is aiming to legally adopt cryptocurrency trading, since it would reduce the risks of fraud and increase the government’s tax revenue, due to the potential for fiscal transparency.

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[thisisntbic]

Buckle up

-snip-

No shill quotes please..

And even if you were not quoting that sociopath's rag..so what?  How is this good news?  Some local court ruling that bitcoin has value. Surprise..

I wonder what great significance this piece of news might have. Is there any need for a Korean court to rule bitcoin has economic value and can be confiscated, so the proceeds go to finance state budget?

The Feds confiscated and sold Ulbricht's Silk Road coin and happily auctioned them without all that fuss.

I don't get it, the guy posts a bullish news article at a time when there is very little good news surrounding bitcoin (mostly just FUD) and you shit all over him? Who gives a shit if it's on that website? I doubt roger himself wrote the article (hint: he didn't). What's the guy shilling, Korean news? Lol.

How many governments have officially come out and said that bitcoin is recognized as having actual, real world value - not banning crypto currencies, or saying crypto is only used by criminals, etc. - especially in one of the biggest crypto markets in the world?

Did you guys lackadaisically brush off when Japan made BTC a legal currency? Or when Overstock.com said they were going to accept BTC, were you guys like, "whoopdi fuckin' doo, we all know it's got value, congrats company for figuring out what we already know"? No, we were all happy it was being adopted by a well known company where we could buy real things with our bitcoin.

[Last of the V8s]

https://www.amazon.com/Theres-Bitcoin-My-Butt-Handsome-ebook/dp/B073NF2Z9G

[Neo_Coin]

https://www.amazon.com/Theres-Bitcoin-My-Butt-Handsome-ebook/dp/B073NF2Z9G

https://www.amazon.com/Slammed-Russian-Meetings-Incompetent-Thereafter-ebook/dp/B073ZFN4M8/ref=pd_sim_351_1/130-1472251-1629337?_encoding=UTF8&psc=1&refRID=66KH3DGPFEAZ53FPTBD2

[Toxic2040]

I don't get it, the guy posts a bullish news article at a time when there is very little good news surrounding bitcoin (mostly just FUD) and you shit all over him? Who gives a shit if it's on that website? I doubt roger himself wrote the article (hint: he didn't). What's the guy shilling, Korean news? Lol.

I didnt "shit" on anyone..I simply stated don't come quoting articles from someplace owned by in my mind one of bitcoins biggest enemies.

How many governments have officially come out and said that bitcoin is recognized as having actual, real world value - not banning crypto currencies, or saying crypto is only used by criminals, etc. - especially in one of the biggest crypto markets in the world?

Quite a few actually..and while I am not 100% familiar with SK's judicial system..I do know unless its the highest court that made this ruling..it will probably go thru years of appeals and ratification's before becoming a "law".  I never had a problem with the article..it was always the source.

Did you guys lackadaisically brush off when Japan made BTC a legal currency? Or when Overstock.com said they were going to accept BTC, were you guys like, "whoopdi fuckin' doo, we all know it's got value, congrats company for figuring out what we already know"? No, we were all happy it was being adopted by a well known company where we could buy real things with our bitcoin.

I dont know what to do with this mess..accusation? statement?  question?...whats going on here.

[JayJuanGee]

Buckle up

-snip-

No shill quotes please..

And even if you were not quoting that sociopath's rag..so what?  How is this good news?  Some local court ruling that bitcoin has value. Surprise..

I wonder what great significance this piece of news might have. Is there any need for a Korean court to rule bitcoin has economic value and can be confiscated, so the proceeds go to finance state budget?

The Feds confiscated and sold Ulbricht's Silk Road coin and happily auctioned them without all that fuss.

I don't get it, the guy posts a bullish news article at a time when there is very little good news surrounding bitcoin (mostly just FUD) and you shit all over him? Who gives a shit if it's on that website? I doubt roger himself wrote the article (hint: he didn't). What's the guy shilling, Korean news? Lol.

Just like you have a right to express your opinion, Toxic has a right to express his opinion, and his opinion is that for the majority of parts, bitcoin.com is full of shit and worthy of ignoring... and that is agreed to by a lot of folks in this thread.. of course, not everyone including yourself and a few other roger ver dick suckers.

How many governments have officially come out and said that bitcoin is recognized as having actual, real world value - not banning crypto currencies, or saying crypto is only used by criminals, etc. - especially in one of the biggest crypto markets in the world?

Toxic already defended this point, that he is not disagreeing with the substance of the article.

Did you guys lackadaisically brush off when Japan made BTC a legal currency? Or when Overstock.com said they were going to accept BTC, were you guys like, "whoopdi fuckin' doo, we all know it's got value, congrats company for figuring out what we already know"? No, we were all happy it was being adopted by a well known company where we could buy real things with our bitcoin.

Guys and gal here are  not a monolith, and even if many guys (and perhaps gal from time to time) tend to beat down on big blockers and roger ver dick suckers, all opinions seem to be tolerated with a decent amount of liberality...   Thanks infofront for his high tolerance and even bitcoin talk administrators for largely leaving the broad subjects of this thread in the discretion of infofront.  So get the fuck out of here with your fantasy attempt to lump all posters in this thread as the same or as if "we" (not to concede anything here) are participating in some kind of a circle jerk.

I dont know what to do with this mess..accusation? statement?  question?...whats going on here.

Seems like you already did enough.  The allegations of thisisntbic seem to be unnecessarily dictatorial - and even perhaps to get folks in this thread to be more "receptive" of the source of the news, bitcoin.com... which I think that a lot of the animosity coming from a lot of folks towards bitcoin.com, big blockers, jihan, Roger, craig, bcash etc. are completely justified given the amount of attacking on bitcoin that has been done by those deceptive and self-entitled folks and the drama and the seemingly unnecessary stress and confusion (that is ongoing for sure) that those renegade vandals have attempted to impose on BTC and its supporters.

[PoolMinor]

Mmmm next price poll after 16feb...?? But between ...?? These days iT can be everything , Just Hoping everybody keeps on hodling down here So we can all MOON together

Tuff times these days but buissnes like allways

What is the significance of 2/16?  There is some conference that has been taken over by Bcash around then, and expecting another Bcash pumpening around that time, no?  Which may or may not affect BTC prices, I suppose they would want to pump bcash and to attack bitcoin at the same time and propose the cashening, as oppose to the flippening as oppose to the rippling, as opposed to the tethering as opposed to the dashening?  keeping up can be difficult, no?

Are you drunk?
Where do you see any mention of BCH in the post you quoted?

Edit:
I believe the reason he mentioned Feb 16 is because it would be the next 2 week period after Feb 1-15......Feb 16-28 for the poll.

[RejectedBanana]

Mmmm next price poll after 16feb...?? But between ...?? These days iT can be everything , Just Hoping everybody keeps on hodling down here So we can all MOON together

Tuff times these days but buissnes like allways

What is the significance of 2/16?  There is some conference that has been taken over by Bcash around then, and expecting another Bcash pumpening around that time, no?  Which may or may not affect BTC prices, I suppose they would want to pump bcash and to attack bitcoin at the same time and propose the cashening, as oppose to the flippening as oppose to the rippling, as opposed to the tethering as opposed to the dashening?  keeping up can be difficult, no?

Are you drunk?
Where do you see any mention of BCH in the post you quoted?

Edit:
I believe the reason he mentioned Feb 16 is because it would be the next 2 week period after Feb 1-15......Feb 16-28 for the poll.

Feb 16 is also Chinese New Year

[Toxic2040]

Are you drunk?
Where do you see any mention of BCH in the post you quoted?

it was -sniped-
but a drink sounds good about now..

What is the significance of 2/16?

Feb 16 is also Chinese New Year

winner winner chikun dinner

[True Myth]

This constant downward compression we've had since 1/17 really feels like an attempt to wring out every last bit of weak hands.

Mission accomplished?

I would think , they that really cannot handle the pressure are out off most of there money is out for the rest more and more starting too know how the market works or trying to believe “ i know iT Will go up because iT allways do” offcourse Many of them bought in lately or even @ +12-13-14k.... and Just really don’t know what BTC is or the market or anything but Just got in by friends like i have with a few of my friends .... and they Just want to act strong “i know it Will go up again” but meanwhile sending textmessages like whats happening you know something... blabla i Just say keep hodling..... they say offcourse price Will go up for sure.... then i ask Why do you think that?? And again they say because iT allways does while they really don’t know anything about iT , but for these peoples that or still here and even losing money now i think they Will stay on BTC because they seen friends making money and want the same thing and are losing know and Just think WTF there’s No way back anymore ( offcourse those friends like these are smaller investors trying to get rich ).  But for what its word i think the really weak and scared should been out most of them not??

I see this too. Even in myself as I am also a "late investor".  I started watching and learning about bitcoin early 2017 then finally started buying in mid 2017.  That being said, I am a believer and a hodler now. I continue to learn and read up but, still consider myself a noobie. I think there are lots of others just like me. I think the believer and hodler foundation of bitcoin was greatly added to in 2017.

[JayJuanGee]

Mmmm next price poll after 16feb...?? But between ...?? These days iT can be everything , Just Hoping everybody keeps on hodling down here So we can all MOON together

Tuff times these days but buissnes like allways

What is the significance of 2/16?  There is some conference that has been taken over by Bcash around then, and expecting another Bcash pumpening around that time, no?  Which may or may not affect BTC prices, I suppose they would want to pump bcash and to attack bitcoin at the same time and propose the cashening, as oppose to the flippening as oppose to the rippling, as opposed to the tethering as opposed to the dashening?  keeping up can be difficult, no?

Are you drunk?
Where do you see any mention of BCH in the post you quoted?

Do I need to attempt to find humour in your gratuitous digs at ad hominem attacks?   



Answer:  NO  I don't.     And, here are the emoticons that I would like to express for you personally:          



Regarding the underlying premise of the question of my earlier post, there is an anarchapulco conference that is going on in mid-February that used to be a somewhat bitcoin focused conference, but recently such said conference seems to become dominated by various alt coin pumpers, bitcoin imitators, including bcash pumpers.

https://anarchapulco.com/2017/08/19/anarchapulco-2018-announcement/

Recently, there have been some pretty strong speculation circulating that seems to suggest that there is going to be some bcash pumpenings around this upcoming event - and perhaps some of the BIG blocker nutjob spammers have recessed their spamming attacks on bitcoin in order to save up some of their ammunition (and perhaps focus their ammunition) for around mid-February? 

So whether BTC prices are directly affected or not by these speculated pumpening and spamming events, I was asking whether micgoossens may have focused on a February 16 date for the next poll because of these community speculations or if there may have been some other reason(s) for asking about whether February 16 may be a reasonable next poll date.

[fluidjax]

Is this going to be a good alternative to Tether?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency

lolol https://rmg.royalmint.com/faqs/
What is a permissioned blockchain?

Prova for RMG® is a permissioned blockchain protocol. Many of the blockchain consortiums that build private blockchains for financial institutions and other enterprises follow this model.

A permissioned blockchain restricts the actors who can contribute to the consensus of the system state. In a permissioned blockchain, only a restricted set of users have the rights to validate the block transactions.

Permissioned blockchains do not have to use the computing power based mining to reach a consensus, as all the actors are known.

Permissioned blockchains work to a Proof of Stake model (PoS) for reaching consensus instead. Proof of stake mining asks users to prove ownership of a certain amount of currency (their “stake” in the currency). Instead of buying computers and electricity for mining in a Proof of Work system, a PoS system uses the capital to acquire assets that allow you to validate transactions.
Gran says


“Gold has probably had an argument that it’s been a store of value for 6,000 years, bitcoin’s a bit younger and the future of bitcoin is uncertain.”

btw, I hate this now. Flint has probably had an argument that it's been a good fire-stater for 60,000 years, lighters are a bit younger and blabla

In the short term we need a safe haven from Crypto, having a gold backed currency would be better than a fiat backed currency.
Any backed currency requires a trusted party and having a permissioned block chain is irrelevant as you need to trust 100% the people who are storing the backing.

I think a gold backed currency from the UK Royal Mint is going to be more trust worthy than Tether.
I'm not suggesting this is as a replacement for Bitcoin or other Crypto currencys, but it is a mechanism for holding stable value loosely pegged to fiat.

[sirazimuth]

Is this going to be a good alternative to Tether?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency

Sounds good. I may get some

I propose 0.00000001 RMG to be called 1 R0ach R0achoshi

ftfy

[Last of the V8s]

Is this going to be a good alternative to Tether?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency
snipped
In the short term we need a safe haven from Crypto, having a gold backed currency would be better than a fiat backed currency.
Any backed currency requires a trusted party and having a permissioned block chain is irrelevant as you need to trust 100% the people who are storing the backing.

I think a gold backed currency from the UK Royal Mint is going to be more trust worthy than Tether.
I'm not suggesting this is as a replacement for Bitcoin or other Crypto currencys, but it is a mechanism for holding stable value loosely pegged to fiat.

Please, less of the 'we'.
I'm just against any of it, on principle.

[Last of the V8s]

Regarding the underlying premise of the question of my earlier post, there is an anarchapulco conference that is going on in mid-February that used to be a somewhat bitcoin focused conference, but recently such said conference seems to become dominated by various alt coin pumpers, bitcoin imitators, including bcash pumpers.

https://anarchapulco.com/2017/08/19/anarchapulco-2018-announcement/

Recently, there have been some pretty strong speculation circulating that seems to suggest that there is going to be some bcash pumpenings around this upcoming event - and perhaps some of the BIG blocker nutjob spammers have recessed their spamming attacks on bitcoin in order to save up some of their ammunition (and perhaps focus their ammunition) for around mid-February?  

So whether BTC prices are directly affected or not by these speculated pumpening and spamming events, I was asking whether micgoossens may have focused on a February 16 date for the next poll because of these community speculations or if there may have been some other reason(s) for asking about whether February 16 may be a reasonable next poll date.

Further pumpenings in March https://www.satoshisvisionconference.com/ 23-25th/03/18

[toknormal]

$10,000 is a pretty entertaining psychological barrier.

There are the stubborn buyers who refuse to buy 5 digit Bitcorn, but snatch it up the moment it drops a mere 0.1% into "paltry" $9k territory.

And then there the stubborn sellers who refuse to part with 4 digit Bitcorn, quickly selling it the moment it rises a mere 0.1% into "lofty" $10k territory.

Up and down we go, like a see-saw.

Or like a fisherman at the $10k waters edge, trying to reel in $9k fish. While the fish are leaping out of the water determined to catch juicy $10k bugs.

The indecision in today's market is boringly maddening. Looks like we'll close on a doji.

rofwl ! So true 

Excellently put 

[PoolMinor]

Do I need to attempt to find humour in your gratuitous digs at ad hominem attacks?  

You and your ability to come to a conclusion that everything is a personal attack against you....seems like another pot-kettle argument.
Why don't you stop being so emotionally attached to anything I post?

[Torque]

“Gold has probably had an argument that it’s been a store of value for 6,000 years, bitcoin’s a bit younger and the future of bitcoin is uncertain.”

btw, I hate this now. Flint has probably had an argument that it's been a good fire-starter for 60,000 years, lighters are a bit younger and blabla

Haha, that's fkn hilarious. 

[True Myth]

Further pumpenings in March https://www.satoshisvisionconference.com/ 23-25th/03/18

Lol... the last sentence at the bottom of the page...

Together we will make Bitcoin Cash the best money the world has ever seen.

[sirazimuth]