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

[Neo_Coin]

[1714327777]

1714327777

[Neo_Coin]

[realr0ach]

Debunking more shitcoiner lies:

Gold will not work. We have already been there. Crypto is the paradaigm shift. All gold has is history.

Wrong answer!  Fiat bills in the US have always been receipts for gold and silver.  Absolutely nothing changed except the govt defaulting in 1971 and issuing non-convertible receipts.  The main reason the receipts become non-convertible isn't because metals don't work as money, it's because:

1)  govt will always overspend due to no accountability then try to confiscate everyone's money no matter what form the money is in

2)  fractional reserve banking usually collapses and then 9/10 people are left holding the bag

Bitcoin does absolutely nothing to solve either of those problems.  If bitcoin actually became the world reserve currency (it never will), very few people would "be their own bankers" just like the current day environment. They would lock up their funds in some type of financial institution in order to put it in a chain of custody for wills for their kids and things like that.  The banks would then create receipts higher than the actual coins they have stored and nothing changes.  The only change you would have is a far less sound settlement system (shitcoins instead of metals).

The real solution is simply using physical metals in native form as the money - gold, silver, and copper.  If you accept IOUs for the money and it gets stolen by the govt or banks, it's your own fault for being an idiot.

[realr0ach]

http://dailystormer.name/spacexxx-elon-musks-dad-has-baby-with-his-step-daughter/

[TERA2]

Any approval from governments is a trick to try to get inside social circles, breach security, and gain intelligence and control - like a long undercover sting operation.

[Toxic2040]

Did our resistance become support? Testing .618
$8.2k next stop?
#dyor #btfd  $btc

[fabiorem]

Well theres basically two possibilities here and the blue line would be the extent of "going back into bull mode"

A multi-year bear market wont last more than two full years.

And I guess most of us here are planning for more than two years.

[Lontonbit]

Non stop pump and dumps, the chart is unatural, just whales playing right now

[Lontonbit]

Anyone hear expecting a repeat of 2013 is a fool. Let the past go and focus on the future.

[realr0ach]

Any approval from governments is a trick to try to get inside social circles, breach security, and gain intelligence and control - like a long undercover sting operation.

[Torque]

Btw, I just wanted to take a second and set a few folks here straight.

You fkn big blocker trolls, BCash shills, and even some Bitcoin bulls who were whining all last year about too high transaction fees and how Bitcoin absolutely NEEDED > 1mb block size and like IMMEDIATELY.

With the Bitcoin mempool nearly empty and 1 sat/B transactions clearing in minutes, you guys can go rightly fk off for good. Seriously. Don't even try to raise that argument here ever, EVER again. Piss off.

Spent soooo much time arguing with you fuckheads last year, now you have fk all of an argument to stand on.

/rant

[Wekkel]

Torque, well said.

Still a bit bearish or feeling upward potential already?

[infofront]

It seems like we should have a bounce soon, but there's not much buying pressure?  

[El duderino_]

It seems like we should have a bounce soon, but there's not much buying pressure?  

then quickly go and buy some   

[Spaceman_Spiff_Original]

Btw, I just wanted to take a second and set a few folks here straight.

You fkn big blocker trolls, BCash shills, and even some Bitcoin bulls who were whining all last year about too high transaction fees and how Bitcoin absolutely NEEDED > 1mb block size and like IMMEDIATELY.

With the Bitcoin mempool nearly empty and 1 sat/B transactions clearing in minutes, you guys can go rightly fk off for good. Seriously. Don't even try to raise that argument here ever, EVER again. Piss off.

Spent soooo much time arguing with you fuckheads last year, now you have fk all of an argument to stand on.

/rant

You do realize that as soon as there is an increased demand for transactions again, fees will go through the roof again, right?
Of course, LN might give us a lot of leeway, but eventually block sizes will need to be increased.

[infofront]

Here's how much information google and facebook store about you.

[d_eddie]

Here's how much information google and facebook store about you.

Paraphrasing Ben Franklin, we are giving up our freedom not for security, but for convenience. Maybe we deserve what's coming.

[jbreher]

With the Bitcoin mempool nearly empty and 1 sat/B transactions clearing in minutes, you guys can go rightly fk off for good. Seriously. Don't even try to raise that argument here ever, EVER again. Piss off.

Tough titties, bucko. Your impotent rant hath no power here. I'll raise the argument whenever I want.

Quite dismayingly, the Bitcoin transaction rate seems to be suffering a lack of interest. It has been chopped in half since the heady days of $20K Bitcoin.

https://blockchain.info/charts/n-transactions

Are there 200,000 transactions on LN between the paltry 1000 or so nodes to make up for it? I admit I have been unable to find any statistics, but it seems rather unlikely.

A peer-to-peer system that is seeing declining use is nothing to celebrate.

[Sitarow]

Btw, I just wanted to take a second and set a few folks here straight.

You fkn big blocker trolls, BCash shills, and even some Bitcoin bulls who were whining all last year about too high transaction fees and how Bitcoin absolutely NEEDED > 1mb block size and like IMMEDIATELY.

With the Bitcoin mempool nearly empty and 1 sat/B transactions clearing in minutes, you guys can go rightly fk off for good. Seriously. Don't even try to raise that argument here ever, EVER again. Piss off.

Spent soooo much time arguing with you fuckheads last year, now you have fk all of an argument to stand on.

/rant

Good rant and on point.

Be aware of special interests groups that will use any means necessary for their own self interests with full disregard to the principle of what the project is about.

Let us be mind full of such individuals/groups and know that solutions that work take time to test and implement. If this did not work then another option would be explored.

BCH could be likened to a parallel attempt to accomplish a similar goal in good faith I might add.

However now that we have proof of a solid solution that works with out the need for drastic change, the alternative BCH/BCC/Bcash may now be on its way to obsolescence. (It is said that some proponents of that solution may have involuntarily worked to deceive the misinformed for personal gain).

[d_eddie]

BCH could be likened to a parallel attempt to accomplish a similar goal in good faith I might add.

I'm not that sure about the good faith.

@Torque Oh, yeah.