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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.4%)
No - 72 (62.6%)
Total Voters: 115

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25491755 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
Last of the V8s
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February 20, 2018, 10:20:36 AM
Last edit: February 20, 2018, 10:34:44 AM by Last of the V8s
Merited by jojo69 (1), iCEBREAKER (1), ErisDiscordia (1)

@LeoAW https://twitter.com/LeoAW/status/965864080861904896 edited to add the link
2h2 hours ago

Kleptocurrency (n): A digital token marketed as a Bitcoin replacement used to defraud unsavvy investors and traders of their cryptocurrency savings.
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RivAngE
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February 20, 2018, 10:22:46 AM

Don't you think Bytecoin belongs in this list too? It's name was probably chosen in order to lure in newcomers who wouldn't notice the difference between Bytecoin and Bitcoin.
When I first started with cryptocoins, I remember people calling Bytecoin a scam because of a big amount of pre-mine I think? Not sure.... nevertheless I see that the price has some possitive action the last months so I don't know.
Bytecoin pre-mine was huge, 80% I believe, I heard a lot was given away and a lot assumed lost, considering it wasn't all dumped during one of the major pumps.

I heard it was close to being 100% mined out - I sold all mine during a pump about a year ago

IXC is a good one to add to the list - the first sidechain, still just about keeping its head above water despite being fully mined for about 5 years
Since you mentioned this... what would happen when a coin is fully mined? What if BTC survive for many more years until there is close to 0 coins to mine? In order to sustain a profitability either a lot of ASICs would have to shutdown or the tx fees would skyrocket in order for the miners to receive the fees as rewards (and technically they wouldn't be called miners anymore!)

Has this been confirmed to have happened to any other coin?
Cassius
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February 20, 2018, 10:38:10 AM

Don't you think Bytecoin belongs in this list too? It's name was probably chosen in order to lure in newcomers who wouldn't notice the difference between Bytecoin and Bitcoin.
When I first started with cryptocoins, I remember people calling Bytecoin a scam because of a big amount of pre-mine I think? Not sure.... nevertheless I see that the price has some possitive action the last months so I don't know.
Bytecoin pre-mine was huge, 80% I believe, I heard a lot was given away and a lot assumed lost, considering it wasn't all dumped during one of the major pumps.

I heard it was close to being 100% mined out - I sold all mine during a pump about a year ago

IXC is a good one to add to the list - the first sidechain, still just about keeping its head above water despite being fully mined for about 5 years
Since you mentioned this... what would happen when a coin is fully mined? What if BTC survive for many more years until there is close to 0 coins to mine? In order to sustain a profitability either a lot of ASICs would have to shutdown or the tx fees would skyrocket in order for the miners to receive the fees as rewards (and technically they wouldn't be called miners anymore!)

Has this been confirmed to have happened to any other coin?

It's not a dealbreaker since miners adjust to profitability anyway.
There are plenty of proof-of-stake coins with fixed supply that only distribute tx fees as rewards. Although they don't have the same energy costs as miners there's no difference in principle in the cost/benefit analysis.
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February 20, 2018, 10:42:38 AM

BCash is a shitcoin just like all the other Bitcoin XXX....



Wow.  that list is getting a bit long!

bitcoin pizza, really??
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February 20, 2018, 11:20:49 AM

So... its not 90 days! Smiley

Speaking of 90 days... about 3 months ago (at $8000) I made this graph:

https://bitcointalk.org/index.php?topic=178336.msg25059660#msg25059660

Now it looks like this:



Same lines as before, red line: double in 270 days, blue line: double in 90 days.

We might reach $16000 on schedule, this time.
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February 20, 2018, 11:23:32 AM

We might reach $16000 on schedule, this time.

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February 20, 2018, 11:35:02 AM
Merited by ErisDiscordia (1)

Then again, masterluc endorsed this theory:



I guess we'll see.
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February 20, 2018, 11:35:37 AM

BCash is a shitcoin just like all the other Bitcoin XXX....



Wow.  that list is getting a bit long!

Long? Are you kidding? It’s just getting started!
I’m just waiting for Bitcoin Buffalo Bollocks.
Should be out in a day or two anyway, then
I’m all in and I’ll mine the fuck outta that bad boy....
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February 20, 2018, 11:48:25 AM

BCash is a shitcoin just like all the other Bitcoin XXX....


Wow.  that list is getting a bit long!

bitcoin pizza, really??

I prefer my pizza "clashic"!
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February 20, 2018, 11:53:23 AM
Merited by BTCMILLIONAIRE (1)

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?
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February 20, 2018, 12:00:35 PM

We've held onto some decent gains from yesterday and are brushing up against our monthly high, honey badger has rested and is ready to go up again  Grin

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February 20, 2018, 12:01:22 PM

Feels good seeing $11,xxx considering we went sub $6,000 not too long ago. We’re a long way from a new ATH but this is good. Anybody think we’ll see $13,xxx in March?
conspirosphere.tk
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February 20, 2018, 12:01:42 PM

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?

It makes perfect sense: the condition for that scam to succeed was exactly the average stupidity. Bigger is better! wee!
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February 20, 2018, 12:35:47 PM

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?

It makes perfect sense: the condition for that scam to succeed was exactly the average stupidity. Bigger is better! wee!
Bigger is better. Unless you wanna get rid of segwit? Lightning?

It's a difference in implementation, not result.
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February 20, 2018, 12:41:35 PM

Feels good seeing $11,xxx considering we went sub $6,000 not too long ago. We’re a long way from a new ATH but this is good. Anybody think we’ll see $13,xxx in March?

I do. It is not so far away. Unless the current rise is a bull trap, which seems to be less and less likely, $13k is is easily achievable even in the first half of March.
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February 20, 2018, 12:47:02 PM
Merited by vroom (1)

Hairy's channel observer continues to steadily observe.  And not much else.  Steady as she goes.  Big top line from $19k not yet in play. 

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February 20, 2018, 01:34:14 PM

next stop $12000. yay
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February 20, 2018, 01:35:21 PM

Wow, cryptocurrencies must really be stressing these regulators out

https://www.wsj.com/articles/south-korean-cryptocurrency-regulator-found-dead-at-home-1519093020
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February 20, 2018, 01:45:14 PM

Feels good seeing $11,xxx considering we went sub $6,000 not too long ago. We’re a long way from a new ATH but this is good. Anybody think we’ll see $13,xxx in March?

Hard to say (as always Cheesy)

Before we were in a 10k to 12k channel for a longer period (in Bitcoin terms).

I think if we break 12k, then 13k and everything above is possible.
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February 20, 2018, 01:59:10 PM

Feels good seeing $11,xxx considering we went sub $6,000 not too long ago. We’re a long way from a new ATH but this is good. Anybody think we’ll see $13,xxx in March?

Definitely, in the beginning of March, or end of February.
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