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

[Jacques_Bittard]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

[fluidjax]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

[Jacques_Bittard]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

[bitcoinPsycho]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

If you hate bitcoin so much why are you here?

[Jacques_Bittard]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

If you hate bitcoin so much why are you here?

I'm here for the tears of bitcoiners and sometimes some rainmaking is needed. Also, the sentiment here can also be a good indicator to help with my crypto gambling habbits.

[jojo69]

If you hate bitcoin so much why are you here?

got permabanned from the 401-Ktalk forum

[bitcoinPsycho]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

If you hate bitcoin so much why are you here?

I'm here for the tears of bitcoiners and sometimes some rainmaking is needed. Also, the sentiment here can also be a good indicator to help with my crypto gambling habbits.

Oh .. I cry every day at the stupendous 1000s of percent gains from bitcoin and how glad I never dumped my coins when dickheads like you dumped there's at 10 cents and forever bitter(tard)

[RejectedBanana]

 
Admittedly crude shits and giggles:



If we stay above the trend line unbroken since BTC's origin in 2010, BTC will be no lower than $13.5k by year's end.

If we stay above the trend line unbroken since BTC's first bubble correction in 2011, BTC will be no lower than $7.5k by year's end.

If, however, we stay on the trend line unbroken since the 2017 bull run, BTC will be no lower than $43k by year's end.

Which will break? Which will hold?

Who will HODL? Who will SODL?

[Jacques_Bittard]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

If you hate bitcoin so much why are you here?

I'm here for the tears of bitcoiners and sometimes some rainmaking is needed. Also, the sentiment here can also be a good indicator to help with my crypto gambling habbits.

Oh .. I cry every day at the stupendous 1000s of percent gains from bitcoin and how glad I never dumped my coins when dickheads like you dumped there's at 10 cents and forever bitter(tard)

I dumped my bitcoin at 2013 Dec for little over 1000$. Got a small 10x gain from that play. Lost any vision of potential with bitcoin then and ETH, XRP and EOS served me a lot better for later years. Now dumped everything again in 2017 Dec, as it was like a repeat of 2013 Dec and wasn't hard to miss. Now my cryptogambling wealth is in fiat, waiting for more tears of bitcoiners to flow before I enter again towards more potential paths.
So, you still think I feel bitter?

[MERlT]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

If you hate bitcoin so much why are you here?

I'm here for the tears of bitcoiners and sometimes some rainmaking is needed. Also, the sentiment here can also be a good indicator to help with my crypto gambling habbits.

Oh .. I cry every day at the stupendous 1000s of percent gains from bitcoin and how glad I never dumped my coins when dickheads like you dumped there's at 10 cents and forever bitter(tard)

I dumped my bitcoin at 2013 Dec for little over 1000$. Got a small 10x gain from that play. Lost any vision of potential with bitcoin then and ETH, XRP and EOS served me a lot better for later years. Now dumped everything again in 2017 Dec, as it was like a repeat of 2013 Dec and wasn't hard to miss. Now my cryptogambling wealth is in fiat, waiting for more tears of bitcoiners to flow before I enter again towards more potential paths.
So, you still think I feel bitter?

Cosmos you sound salty?

[Harlot]

Even though its currently rising the market still looks undecided. We can still call this a breather stage for us as we are doing a small price rally inside the downtrend. In order for Bitcoin to break the current downtrend Bitcoin needs to break the current line around 9,500$- 9,600$ depending on the day when it will re-test it. But if it fails to break then we might see Bitcoin go lower than 7,000$ again.

[cAPSLOCK]

Pages are artificially scarce. Even if the users run out of posts they are willing to dump, a mod could jump and just start deleting posts himself.

Didn't Rpietela already fork the WO thread and create Theymos' actual vison for the WO thread?

[serveria.com]

Bittard waiting for BTC price to go down for him to rebuy....

[Sitarow]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

3 Pools that  can quickly be abandoned by miners for other pools.

Takes moments to do.

[Torque]

Pages are artificially scarce. Even if the users run out of posts they are willing to dump, a mod could jump and just start deleting posts himself.

Didn't Rpietela already fork the WO thread and create Theymos' actual vison for the WO thread?

In the Socialist/Communist NWO coming soon^TM, an effort will be made to eradicate all online shitposting. "Freebanding" will become illegal. Every social media and forum will have a "token" that you have to purchase first and spend for every post you make.

"A penny for your thoughts?" Nah, it'll cost you more like $0.30/post + yrly inflation.  

[Jacques_Bittard]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

3 Pools that  can quickly be abandoned by miners for other pools.

Takes moments to do.

In all honesty, I myself have always considered a 51% attack on any PoW or PoS coin a very low key threat. I was just replaying to the previous poster on why bitcoin isn't special in decentralization.

[jojo69]

I really don't like the looks of this.

[Vlada69]

The Goldman Sachs technical analysis team led by Sheba Jafari has recently made another bitcoin price forecast and believes that the price of this mainstream cryptocurrency is likely to create a new low since February.

On Sunday, the team warned users that bitcoin sales in the next wave of the market will cause its price to reach its lowest level since February, at $5922. They believe that the triggering of this sell-off may be bitcoin prices falling below the short-term support at $9,210.

"This fall is very important because it implies a possible sudden crash in the future," Jafari said. Her team warned investors to pay attention to bitcoin prices: The

next notable drop was from $7,667 to $7,198.
This decline is indicative of structural damage and is likely to create a new low price (<5922 US dollars). At this time, we need to return to 9322 US dollars (the price on February 26 this year) as soon as possible to stabilize the price.
As director of Goldman Sachs' Technology Strategy Department, Jafari is known for criticizing Bitcoin. Last July, Jafari said bitcoin may fall to $4,000 at the end of the year. By November, when Bitcoin’s price reached 7,000 U.S. dollars, Jafari predicted that the currency could hover around 8,000 U.S. dollars before continuing to rise.

As a result, the price of Bitcoin rose to 20,000 U.S. dollars in December last year, and fell to a minimum of 6048 U.S. dollars in February this year. Experts believe that the reason for the decline in the currency price is likely to be that Mt. Gox lawyers and bankruptcy administrators sold $400 million worth of Bitcoin.

[Paashaas]

People buying up Halong Dragonmint mining gear and it's already starting to eat market share from the Chinese mining cartel, which is a good thing for decentralised mining.

Bitmain lost 10% market share in 5 days last week after Halong released their gear while Slush gains more share and blocks.

Jihan is losing his mining monopoly!

[mike4001]

Yay, someone dumped again

Below 9k again

:-/