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

[STT]

There's a difference between Being a FUDster and recognizing a downtrend. This year's gonna be bearish or flat. I doubt we'll see prices over $18K this year. I doubt we see prices below $5k this year, or ever again to be honest.

Would you recognise the latter statement as wildly bullish because over the whole spectrum of mainstream views thats where it would be placed.     If your average person recognised bitcoin would never fall below 5000 again, it would then boost the price alot nearer to 20,000 if not more.      That kind of solid backing, a hard value set to the price would be a gigantic step forward and so much it would probably result in a price much higher then the actual 5000.

I was looking at DGX which I think is linked to a gram of gold as its backing.   People believe that backing is there but then the actual price is like 10x the market price for a gram of gold.   So they speculate far beyond the backing to it.  I think that'd happen to bitcoin and actually does happen.    We dont have a solid base line price but obviously bitcoin has a basic utility and ongoing value minus any speculation.    A really bearish estimate I heard for basic value from people who say bitcoin is worthless but then go on to say Bitcoin will always be worth $200 from its use by 'the illegal's who presumably cant use dollar (actually they can but whatever)    So the market price is a multiple of that base worth, you saying $5000 is massive and very bullish imo

Bitcoin is very reliant on its population increasing.  It needs more users so thats my take on base worth, the speculators are estimating a future price to some extent.  Same dynamic occurs with stocks

[Jacques_Bittard]

Speaking of yourself?

I'm not shilling nonsense about coming of global currency.

"It's slow and it's costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable," Dorsey said in the report.

Bitcoin is able to do 14 transfers per second and it's mining costs over 1000$ per user a year. How the heck is more people having it going to fix this?!
At the end even he confesses that there are newer and better cryptos then bitcoin, somehow forgetting that he was shilling on bitcoin becoming the global currency. This guy doesn't know the heck he is talking about and is possibly having some kind of a mental breakdown.

[MoonIsBlue]

Speaking of yourself?

I'm not shilling nonsense about coming of global currency.

"It's slow and it's costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable," Dorsey said in the report.

Bitcoin is able to do 14 transfers per second and it's mining costs over 1000$ per user a year. How the heck is more people having it going to fix this?!
At the end even he confesses that there are newer and better cryptos then bitcoin, somehow forgetting that he was shilling on bitcoin becoming the global currency. This guy doesn't know the heck he is talking about and is possibly having some kind of a mental breakdown.

Bitcoin might not be the most technologically advanced blockchain but it has proven itself as opposed to all the other blockchains and crypto's. Its still in development aswell and a little patience is needed. I'm pretty sure BTC will scale in the future and will make most altcoins redundant. The internet didn't scale aswell early 2000 there we're many businesses giving up on it but it just needs time. The fact that we are talking about scaling is a milestone of itself. I'm pretty sure that we will also gradually move to renewable energy and green energy making the electricity consumption debate of BTC less relevant. 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 (  )

P.s. Just kidding

[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.