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

[Elwar]

[bitserve]

This is so damn depressing... that maybe I should buy some more.

In retrospect, maybe Kobayashi didn't make that bad when he sodl. If only he would give me MY share NOW to BTFD....

[Derpinheimer2]

'The bull run will start after new year!' 'The bull run will start after Chinese new year!' 'The bull run will start after everyone pays their taxes!' 'The bull run will start after everyone gets their tax refunds!' 'The bull run will start after consensus!'

Search engine interest is about the same as when the price was $2600-2800 and something like 1/2 the general public of America only has $400 or less in their bank account.  Who exactly is the greater fool supposed to be to buy the top of the pump and dump?  The general public already came in on the last wave, and they're tapped out.  Any pump now is just whales like Tim Draper, Roger Ver, and Winklevoss trying to scam each other, but they all own more coins than they can even sell without imploding the market already, so there's no reason for them to buy anything. 

The only thing that can possibly hold this market up is Bitfinex scammers and their fraudulent tethers, or the Chinese ASIC monopoly Bitmain trying to prop up their centralized extortion scam.

Wow, confirmed! Bull market is beginning! Never thought roach would be posting bullish charts 

[gembitz]

Any chance that 7000 will hold?

 
weeeeeeeeeeeeeeeeeee

[Robin,Hood]

The real drama in cryptospace this days is that Dogecoin attacks Ethereums hashrate.
Yes i know different algo and all but going flat for expended period of time is not healthy.
 Improved hash is improved security.
As mining equipment is expensive more hashpower also means miners focusing resources at it.

[realr0ach]

No, don't dump anything.  If everyone dumps, an evil Jewish money changer like George Soros will just buy it all then command his shabbos goyim political puppets to legislate it being the world reserve currency.  The best option for everyone involved is for NOBODY to dump anything and just let it gradually slide to zero while holding.  

Silver and gold will win in the long run.  We just need to minimize the risk of the Jews using these centralized garbage coins against us somehow in the meanwhile.

[DaRude]

You can donate to Jewish National Fund here https://www.jnf.org/donate
Who thinks that i should take up a crusade and dedicate all of my free time to get them to accept BTC instead of trolling this forum?

Good for you roach something constructive to do with your free time and might help BTC

[DaRude]

...going flat for expended period of time is not healthy...

That's not true. Nothing wrong with flat (or even declining) hashrate as long as decentralization of miners improves or at least stays constant.

[DaRude]

By the time 9am NY time rolls in, we may be firmly below $7,000. The market is just shit right now.

BeeCash is already under $900  

There's always a silver lining.

Yep high BTC prices is the only thing keeping bcash alive. When miners start cost cutting bcash would be first on the chopping block. Wish i shorted it at the 32GB blocks hype. The implosion and race to bag dropping should be spectacular!

Edit: BTC is at 40%

[Anon136]

...going flat for expended period of time is not healthy...

That's not true. Nothing wrong with flat (or even declining) hashrate as long as decentralization of miners improves or at least stays constant.

Meh. A more decentralized high hash rate is more resistant to centralization pressures than an equally decentralized lower hash rate.

[realr0ach]

Meh. A more decentralized high hash rate is more resistant to centralization pressures than an equally decentralized lower hash rate.

It's a good thing we got neither one of those.

[DaRude]

...going flat for expended period of time is not healthy...

That's not true. Nothing wrong with flat (or even declining) hashrate as long as decentralization of miners improves or at least stays constant.

Meh. A more decentralized high hash rate is more resistant to centralization pressures than an equally decentralized lower hash rate.

True but a major BTC miner going offline/bankrupt and its equipment being resold through the courts would cause a hashrate drop but potentially increase decentralization  

But ultimately once the Moore's law hits ASICs i do foresee a flatter hashrate charts.

[Elwar]

There has to be a formula of how many BTC you should buy each time the troll posts. Sell for each day he does not post...

[Anon136]

...going flat for expended period of time is not healthy...

That's not true. Nothing wrong with flat (or even declining) hashrate as long as decentralization of miners improves or at least stays constant.

Meh. A more decentralized high hash rate is more resistant to centralization pressures than an equally decentralized lower hash rate.

True but a major BTC miner going offline/bankrupt and its equipment being resold through the courts would cause a hashrate drop but potentially increase decentralization  

Hm yea I suppose that scenario is both true and consistent with what you said in your previous post.

[Ibian]

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.

Part of the way through the update process it got stuck. The ledger showed the word bootloader and clicking the buttons did nothing. The wallet software just said to plug it in. No options, nothing worked.

Turns out lots of people have this problem. Their support page says that for those of us running windows 7, we will have to finish the update on another machine. One not running win7.

I do not have a non-win7 machine and there is no way I am downgrading to win10. Nor do I want to spend money on a new machine even if that was an option.

So that's the situation. The update was mandatory so no way to avoid it, and it didn't complete. My coins were stuck.

I eventually found a developer version of the ledger manager software on github, ran it and the update went through and things worked normally again. But that was pure dumb luck, could easily have been locked out of my money for months.

Get a trezor instead. Updated the firmware on that too and it went through in seconds with no issues. Thinking about dropping the ledger and getting an extra trezor instead. Or maybe an entirely different brand would be in order.

All of your points seem valid, except your assertion that you "could easily have been locked out of my money for months."   First, you should always have your back-up seed before you do any upgrade, and you can put your back up seed into almost any wallet and get access to your funds.  Only a rookie would not safeguard his backup key, especially when most wallets also prompt you to save your backup key.

And they will quickly get a fix out. Sheesh, delete computers because bug.

2 months+ is not "quickly". This is not a new problem and it should never have happened in the first place.

[Rosewater Foundation]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

[bitserve]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

[Searing]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

[Elwar]

At the very least, the US has plenty of free stuff for people without an income.

I really need to start taking money from the government. They're just giving it away for free so it's just money there for the taking.

[Rosewater Foundation]