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

[wayna]

Back to Bitcoin.  It seems we have missed the usual Saturday night dump or that buying below $9k was too aggressive for it take hold.  

Mem pool size has stopped falling and has stayed roughly the same for the past 24 hours.

Both bullish signals.

They are pumping some alts indeed.

[1714196739]

1714196739

[HairyMaclairy]

They are pumping some alts indeed.

Dent.  Some people never learn.   

[windjc]

You know what's weird is when I came here 5 years ago we were doing the same thing and having the exact same conversations, except the price was 200 times lower. Bitcoin wasn't even known about - it was a nothing. Now magically it has manifested itself into a thing while we all just stayed here and did nothing and shot the shit. But we fully expected this and we all knew almost 100% that the next rally was coming, and then the next, and then the next. It's like we're a bunch of entitled cunts.

^^^ There is truth in these words.

[TERA2]

you took nearly a two year break.. and where the fuck were you?  Taking a break.  That was your story.  What the fuck?

I completely ignored bitcoin during the bear market. I didnt so much as have a clue where the price was the entire time. If someone tried to bring up bitcoin I cut them off. During this time of hodling I re-taught myself how to code, got a job, got in shape, got some friends, went to festivals, and tried to pretend to live a normal life that didn't have an elephant hiding in the corner. When bitcoin hit its absolute low I was biking around black rock city, and during another crash I was at Machu Pichu. During this time I dreamt of many things that later came true. First I dreamt of the huge 30K bearwhale wall. Then I dreamt of a drop to the 100s. Then I dreamt of a rally above 4K.

[jojo69]

here we go again

[explorer]

You know what's weird is when I came here 5 years ago we were doing the same thing and having the exact same conversations, except the price was 200 times lower. Bitcoin wasn't even known about - it was a nothing. Now magically it has manifested itself into a thing while we all just stayed here and did nothing and shot the shit. But we fully expected this and we all knew almost 100% that the next rally was coming, and then the next, and then the next. It's like we're a bunch of visionary entitled cunts.

[rafanadal]

here we go again

 

[d_eddie]

It's all about normalized merit TERA.

I just mentally subtract a person's starting point.

I do the same, it's quite obvious isn't it?

[d_eddie]

From https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences:
"The Prize in Economics is not one of the original Nobel Prizes created by Alfred Nobel's will."
"The prize was established in 1968 by a donation from Sweden's central bank"

'nuff said 

It doesn't really imply all Nobel prizes for Economics are bunk. Not all prizes have been awarded to politically skewed theories of strict neo-Keynesian observance. As a good example, I'm thinking of K. Arrow's impossibility theorem (1972 prize).

[MERlT]

http://money.cnn.com/2018/02/02/investing/stock-market-today-dow/

The real news, Wall Street 1929 crash incoming, HODL your Bitcoin and get some popcorn 

You think this is just the beginning of a down spiral?

*puts tinfoil hat on*

What if the wall street boys knew this was coming and decided to get some cheap bitcoins before the crash.
It would make sense that Bitcoin goes to the moon when Wall Street crashes, we have seen it many times before, in times of turmoil people tend to go towards Bitcoin. In 2017, BTC was in high demand in Zimbabwe, Venezuela and South Korea. All of them had some form of financial tensions.

Well, in that case, USA should be going nutz over BTC




As well as the rest of North America
South America
Europe
Asia
Africa

BTC

Patience young Padawan 

[somac.]

Standard weekend dump. Just piss off already dumpers. Damn thing is going to 100k, just buy.

[d_eddie]

My previous low-too-low limit buy got filled, but in the meantime I slipped one more in. I won't be satisfied the rise has begun until I have at least one low buy order left unfilled!  

hahahahahahaha...

I have seen several of your posts on this topic, and it seems that you just keep adding another one as soon as the lowest as fuck one gets filled, and then you have a new lowest as fuck buy order... self-fulfilling prophecy that is going to be true no matter what, right?..

It's a bilt like your 'buy on the way down' gospel, seasoned with a bit of gambler's spice (look for the bottom just for sports).

unless we go to zero, then you will have to set them in the negative territory (just for the record, I don't think we are going to zero, and especially not to the negative price territory.. Is that too bullish of me?).  

Negative territory... you get paid to get bitcoin. Definitely not too bullish. Not happening anyway, I tend to agree  

[d_eddie]

As noted by another poster, our guy Masterluc got his account on TradingView disabled.

(yesterday at 12:37 pm)

TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.

[somac.]

As noted by another poster, our guy Masterluc got his account on TradingView disabled.

(yesterday at 12:37 pm)

TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.

Where is that quote from Masterluc taken from?

cause his account on bitcointalk was hacked the other day

[d_eddie]

As noted by another poster, our guy Masterluc got his account on TradingView disabled.

(yesterday at 12:37 pm)

TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.

Where is that quote from Masterluc taken from?

cause his account on bitcointalk was hacked the other day

If's from VKontakte, his main outlet recently.
https://vk.com/bitcoin_vanga

[Last of the V8s]

https://weeklyglobalresearch.wordpress.com/2018/02/04/what-problems-can-the-lightning-network-solve/
most of this is fair criticism

[Last of the V8s]

@steve_hanke https://twitter.com/steve_hanke/status/959530873363329026

In 2013, I told the New York Times that “to say digital money is highly speculative would be the understatement of the century”; 5 years later, my statement turns into a self fulfilling prophecy, with #Bitcoin dropping by 60% in less than a month

 @steve_hanke
Applied Economist @JohnsHopkins | Sr. Fellow & Director #TroubledCurrencies Project @CatoInstitute | @Forbes | FX & Commodities Trader | Reagan White House Alum

-great that all these fiat economists are coming out with easily-rebuttable butthurt.
-their scams will be very obvious to the public
-and to politicos

[d_eddie]

https://weeklyglobalresearch.wordpress.com/2018/02/04/what-problems-can-the-lightning-network-solve/
most of this is fair criticism

Well, most is, but some is a little off. As an example, I agree adoption is the main point, but I haven't heard about bugs biting and making developers lose testnet funds recently. Also, the route-finding problem is exaggerated. It is impossible to guarantee an optimal (shortest) route is found, but quite feasible to find just any route. If channels live long enough, a store-and-forward policy could take care of that. Also, opening and closing channels can become much cheaper with some new proposed pooling/batching protocols. You just open many channels at once and share the fees. Things will only get better with Schnorr signatures.

<tinfoil>Do you know/can you find out the guy's track record? It sounds a bit like undercover shilling.</tinfoil>

[HairyMaclairy]

https://weeklyglobalresearch.wordpress.com/2018/02/04/what-problems-can-the-lightning-network-solve/
most of this is fair criticism

The criticism seems to boil down to (1) it’s not ready yet and (2) we don’t know if it will be enough.  

The answer to (1) is “yes, duh” and the answer to (2) is “yes but it’s better than anyone else”.  

Add to this the fact that Bitcoin has scaling problems because it has scale.

 On that note I gave up trying to download the Monero blockchain after a week, and downloading the Eth blockchain is a nightmare. I think a lot of these people bitching about scaling have never run a full node.

[d_eddie]

I think a lot of these people bitching about scaling have never run a full node.

Surely, you mean a "full-validating, non-mining node"? Asks our wordsmith colleague jbreher.