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

[Torque]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

Or ya know, all you guys could stop with this line of pointless conjecture and quit pretending that Lightning Network doesn't exist for Bitcoin?

Also, the coffee analogy really sucks. Nobody is buying coffees with their bitcoin. In fact, people are hardly spending their bitcoin at all. Merchant spending usage probably accounts for less than 0.001% of all daily trade volume if that even. If I missed that guestimate by another decimal or two I wouldn't even be shocked.

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[shahzadafzal]

I don't know why people get excited or paranoid over small peaks and valleys. Bitcoin is doing pretty much fine, it's as much stable as it can get.

Since Feb 2018 we are in same state... just HODL (long term hold) and believe in Bitcoin



https://i.imgur.com/dP1g8tN.jpg

Edit: Keep buying if you can... you are not loosing any thing!!!

[YourMother]

Don't forget this



The next bull run might not give you the privilege to witness another 60-70 percent drop. We have yet to experience the real vertical adoption like what you see in the graph above.

And yes, holding Bitcoin is far better for your wealth and health than trading it on exchanges like a loser and getting liquidated left and right because of some charlatans who are exploiting your emotions. I was 100x in profit in December-January thanks to holding. Like I said before, Bitcoin going to trillions in market cap is a guarantee. It's written in its protocol, in its economic model. You can't stop this technology from reaching its goal of serving billions of people throughout the world, you can only delay it  (With ignorance, stupidity, shorting it with money out of thin air and the rest)

[Raja_MBZ]

I'm tired of staring at these same old outdated images. As far as I remember correctly, this one is from late 2013.

EDIT: I've searched around; this one's surely from 2017. However, other than this one, most of the images circulating around these days are very outdated.

Interestingly:

In December 2015: Less than 1 percent of U.S. consumers (2 percent of consumers aware of virtual currency) have ever owned (adopted) virtual currency.

In March 2018: The survey discovered that 92 percent of the American population has not purchased cryptocurrency and only eight percent of them plan on investing in cryptocurrency in the future.

[jbreher]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not any longer. BTC broke that model with the introduction of RBF.

[jbreher]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

Secret? I think we are all already aware that centralized databases can reach finality quicker than decentralized permissionless systems.

[YourMother]

I'm tired of staring at these same old outdated images. As far as I remember correctly, this one is from late 2013.

The graph is from 2017-2018, but that doesn't matter. There are 7.6 billion people on Earth and only 25M addresses generated of which 10-11M addresses hold less than 0.001btc. And I'm not even counting how many addresses individual users might have.

We're talking about 0.03-0.05% out of the world population who are involved in Bitcoin.

This shit hasn't even started yet.

[RayX12]

Looks like another great day to enjoy a nice bottom:

[Last of the V8s]

[shahzadafzal]

Looks like another great day to enjoy a nice bottom:

So Bitcoin on Wall Observer is NSFW now

[blacky90]

is this the end?

[Lontonbit]

is this the end?

Nope it’s the beginning

[European Central Bank]

https://twitter.com/officialmcafee/status/1010181558031015936

omigod

'they' got to john mcafee.

probably by talking to his heart with invisible sound waves and persuading it to have a weird turn.

[Last of the V8s]

The bastards spiked his crank with glucose or some such evil concoction. His body just couldn't take it.

[Globb0]

Looks like another great day to enjoy a nice bottom:

So Bitcoin on Wall Observer is NSFW now

I take it you work at the Nazi party headquarters if you were OK with all the Hitler pictures and joos talk

but not a holiday snap, oh no!

[rafanadal]

is this the end?

Nope it’s the beginning

The begining of the end ?

[Raja_MBZ]

is this the end?

Nope it’s the beginning

The begining of the end ?

The beginning of beginning.

[jojo69]

is this the end?

Nope it’s the beginning

perhaps the end of the beginning

[Kylapoiss]

is this the end?

Nope it’s the beginning

The begining of the end ?

The beginning of a trend, bitcoin trend. Don't worry about the price, 1BTC is still 1BTC. And it still will be worth afckinglot by 2025 (a random year from the future), at least when comparing to FIAT.

[Rosewater Foundation]

OK, I am calling it: I will not say never, but we won't see anything above 7k before 2019.

Madness.

Still catching up on the last 3 pages of this thread, but this is all FUD.

Rick was grief-stricken this morning when he saw the price.

I was all like "Dude, if you're so fucking rustled over this drop, then I should be downright apoplectic. Do I look apoplectic to you right now ?!"

I'm afraid Rick may be adding too much soy to his lattes, lately.

Sheeit.

No reason to lie to the kid, Bob. We all know $3000 is baked in at this point. Let him have something at least.