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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 56 (33.3%)
$50K - 112 (66.7%)
Total Voters: 168

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25389824 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. (157 posts by 13 users deleted.)
JayJuanGee
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ESG, KYC & AML are attack vectors on bitcoin


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March 21, 2018, 05:17:55 PM

Damn!
I missed the 20000th page posting fun! Ok, now I want 20k$ soon!
damn

I have a bad feeling that the page count of this thread is going to be larger than the bitcoin price for a long time...

You party poop!!!!    Angry Angry Angry
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March 21, 2018, 05:24:26 PM

*collects tears when everyone are busy crying*

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

If you are collecting bitcoins now, then I'm afraid that you might be a little too quick on your feet. I came here today because I sensed a cloud of tears and I don't see any light to blissful happiness yet.
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Doomed to see the future and unable to prevent it


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March 21, 2018, 05:25:38 PM

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

Just another form of an attack is probably a 3 letter agency adding them for future ammo.



So BTC Pump incoming with this 300 million new tether?
JayJuanGee
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ESG, KYC & AML are attack vectors on bitcoin


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March 21, 2018, 05:28:06 PM

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

I don't think that government regulations will pose a real threat anytime soon. They know for years already, that bitcoin is mostly used for illegal activities like drugs and child porn, but they aren't doing anything about it. They're possible the same people, who profit most from all this money laundering and the creation of a make-believe industry, that adds value to their fiat money. If they really wanted to stop this, then all of this would be worthless in a month.

And how would they accomplish making "all of this" worthless in a month?   Roll Eyes Roll Eyes
JayJuanGee
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ESG, KYC & AML are attack vectors on bitcoin


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March 21, 2018, 05:31:44 PM
Merited by LFC_Bitcoin (1)

a few months ago...

Good for you! It's not all about lambos.

I have a warm feeling in my pants about the current situation. I think this might actually go somewhere.

How come you have ETH in your username?  Are you a recovering mETH head, trolling the BTC channels, diversifying into BTC or already converted away from that bullshit 14 year old snot-nosed scam stuff?
JayJuanGee
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March 21, 2018, 05:34:22 PM


That selfie is so 4 years ago.. helrow?   Roll Eyes Roll Eyes
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March 21, 2018, 05:38:26 PM

*collects tears when everyone are busy crying*

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

If you are collecting bitcoins now, then I'm afraid that you might be a little too quick on your feet. I came here today because I sensed a cloud of tears and I don't see any light to blissful happiness yet.

Is this roach or a new fucktard in this thread? (Jacques)
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March 21, 2018, 05:39:13 PM

maybe this page will bring some more psychilogical buyers 20.007 page count so all the james bond fans will buy some extra
Hueristic
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March 21, 2018, 05:41:22 PM

*collects tears when everyone are busy crying*

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

If you are collecting bitcoins now, then I'm afraid that you might be a little too quick on your feet. I came here today because I sensed a cloud of tears and I don't see any light to blissful happiness yet.

Is this roach or a new fucktard in this thread? (Jacques)

I went back 7 pages to find any discussion on the 300 million new USDT and gave up. Too many of these retards in this thread.
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March 21, 2018, 05:44:58 PM

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

I don't think that government regulations will pose a real threat anytime soon. They know for years already, that bitcoin is mostly used for illegal activities like drugs and child porn, but they aren't doing anything about it. They're possible the same people, who profit most from all this money laundering and the creation of a make-believe industry, that adds value to their fiat money. If they really wanted to stop this, then all of this would be worthless in a month.

And how would they accomplish making "all of this" worthless in a month?   Roll Eyes Roll Eyes

Simple. Strict law and strong law enforcement. If you think that the courts and the police will side with a handful of people who wanted quick and easy riches, then think again. It is not a hard to prove fact that bitcoin is widely used currency in illegal markets and would be easily justifiable to apply low tolerance.
But as I said, no need to worry on that. The crooks in charge are perfectly fine with cryptos. This inflated industry is actually giving value support to fiat and this is why they are rather interested for the industry to grow.
JayJuanGee
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ESG, KYC & AML are attack vectors on bitcoin


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March 21, 2018, 05:46:31 PM

Believe it or not there are everyday hardworking people who dont want to have to go through the gruelling stress of following markets and doing research and using exchange systems and they just want to hire someone else to manage their money for a modest return.

A lot of research has been done regarding the topic of active trading. Only a few can beat the market. On top of that you can cut that yearly 1-2% 'advisor fee', and let it snowball on top of it (compound interest, effect not to be underestimated).

Buy a low cost index fund like VTSAX / VTIAX and you are done. HODL is not just something invented by Bitcoiners.


HODL CRAEFULly!!!!  is currently TM by the WO thread peeps.     Tongue
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BIM BUM...... SCAM!!!


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March 21, 2018, 05:50:36 PM

muh level
RayX12
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March 21, 2018, 05:54:46 PM

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

I don't think that government regulations will pose a real threat anytime soon. They know for years already, that bitcoin is mostly used for illegal activities like drugs and child porn, but they aren't doing anything about it. They're possible the same people, who profit most from all this money laundering and the creation of a make-believe industry, that adds value to their fiat money. If they really wanted to stop this, then all of this would be worthless in a month.

And how would they accomplish making "all of this" worthless in a month?   Roll Eyes Roll Eyes

Total and PURE FUD!

Is the equivalent of saying that because someone painted pornography on on a wall they should demolish the house.

Fuck you FUDSTERS! 
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March 21, 2018, 05:56:23 PM

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 (  Grin )  

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.

Its true, considering how difficulty targeting takes time with BTC unlike other coins having collusion with this much decentralization is next to impossible for many reasons both social and technical.

I do however have a growing concern with news articles and write ups coming from respected banking and tech institutions that elude to the idea that the only ground breaking technology worth anything is blockchain and that the rest associated with bitcoin can be cast aside.

Bitcoin is the rising tide and this attempt to disregard the Bitcoin network as a trivial thing is disconcerting.

Bitcoin has 3 important aspects to it that can't be ignored, disregarded  or trivialized as unimportant.
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March 21, 2018, 05:58:33 PM


Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

The news is from 2013 and guess what? Having a link and not viewing it is not illegal:

"Fortunately for Bitcoin owners, though, federal statutes only prohibit the knowing viewing or distribution of child porn material. No actual images are hidden in Bitcoin’s blockchain, so they’re likely in the clear unless they decide to decode and follow the links. It’s a very different story for whoever added the depraved links to the transaction register in the first place."
https://www.google.it/amp/s/amp.dailydot.com/business/bitcoin-child-porn-transaction-code/
JayJuanGee
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March 21, 2018, 06:07:58 PM
Merited by suchmoon (1), yefi (1)

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 (  Grin )  

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?

Oh??? my?? so much respect for you!!!!!!!!!!!!




NOT


Your story is so convincing that you sold your BTC at the top of the two most recent exponential peaks, and you happen to buy back at the lowest too (most likely) and you are here talking a bunch of nonsense, even though you happen to know exactly when to buy and when to sell...   Yeah right...  Roll Eyes

I would like to have some of what you are smoking.

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March 21, 2018, 06:19:29 PM

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 (  Grin )  

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.

Its true, considering how difficulty targeting takes time with BTC unlike other coins having collusion with this much decentralization is next to impossible for many reasons both social and technical.

I do however have a growing concern with news articles and write ups coming from respected banking and tech institutions that elude to the idea that the only ground breaking technology worth anything is blockchain and that the rest associated with bitcoin can be cast aside.

Bitcoin is the rising tide and this attempt to disregard the Bitcoin network as a trivial thing is disconcerting.

Bitcoin has 3 important aspects to it that can't be ignored, disregarded  or trivialized as unimportant.

The size of overall hashrate doesn't mater much if the network is distributed between pools.

Most people in finance see the bitcoiners that come with bitcoin as dead weight. They are interested in shaping the technology and using it to personal advantage. No one is interested in making a bunch of people rich just for purchasing a digital token. And they can't be blamed for this because in the capitalist world we live in, it's the only logical choice. "The loyalty of Bitcoiner" isn't exactly higly valued, because well, bitcoiners come to the market mostly to consume, not to create.
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March 21, 2018, 06:20:14 PM

I went back 7 pages to find any discussion on the 300 million new USDT and gave up. Too many of these retards in this thread.

If you want to keep up with the conversation on Tethers, you can go to this link. https://twitter.com/bitfinexed?lang=en
This has been a hot topic of conversation for several month. You really think all of the Bitcoin whales have been oblivious to this factor for several months?Huh The fact that Bitfinex/Tether has not been the most transparent regarding this matter is already priced in. If Tether is indeed a shitcoin, with absolutely no USD to back it up, the honey badger doesn't give a shit. Are we overly concerned when some other shitcoin makes a tumble because it's a scam? BTC is traded for those shitcoins too, just like Tether.
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March 21, 2018, 06:20:57 PM

Considering ETH and EOS didn’t exist in 2014, and XRP was a dog, it’s all a bit fishy.  Sounds like the boy has shitcoin fever, nothing more. 
JayJuanGee
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March 21, 2018, 06:23:40 PM
Last edit: March 21, 2018, 06:42:54 PM by JayJuanGee

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

I don't think that government regulations will pose a real threat anytime soon. They know for years already, that bitcoin is mostly used for illegal activities like drugs and child porn, but they aren't doing anything about it. They're possible the same people, who profit most from all this money laundering and the creation of a make-believe industry, that adds value to their fiat money. If they really wanted to stop this, then all of this would be worthless in a month.

And how would they accomplish making "all of this" worthless in a month?   Roll Eyes Roll Eyes

Simple. Strict law and strong law enforcement. If you think that the courts and the police will side with a handful of people who wanted quick and easy riches, then think again. It is not a hard to prove fact that bitcoin is widely used currency in illegal markets and would be easily justifiable to apply low tolerance.
But as I said, no need to worry on that. The crooks in charge are perfectly fine with cryptos. This inflated industry is actually giving value support to fiat and this is why they are rather interested for the industry to grow.

You seem to be assuming a lot regarding a lack of a wack-o-mole effect, lack of problems with bitcoin going underground and abilities of governments to coordinate themselves.

Sure, of course, the BTC price might crash shortly after some kind of government crack down announcement, but then there is a risk of an underground economy.  

Govs going to squash out the underground, too?  Kill everyone who uses bitcoin?  Come on?  Are you serious?  

Is this going to be a coordinated world-wide war on decentralization?  

Governments are going to coordinate and see these crypto matters the same way?  How long will such government coordination take..?   more than a month, right? 

Seems like you have not really thought through your proposition too well, beyond scare tactics and the immediate BTC price drop that you are hoping for.
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