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

[hv_]

I guess you can buy decentralized water now  

Glucose free
Vegan safe
Low in sugar

Segwit Coke isn't a thing.

[JayJuanGee]

When big banks, businesses and all the poor unbanked (cannot pay BTC on-chainfees - but BCH) ?

what are you talking about? the current bitcoin transaction fees are about $0.15.

edit: typos

Many of us doing on-chain bitcoin transactions in late 2017 until about January 2018, recall how the BTC transaction fees went skyrocketing up - actually, there were several times in 2017 in which BTC transaction fees went skyrocketing up.  Coupled with fees going up tended to be longer BTC transaction times.

Large fees and longer transaction times was a narrative that the BIG BLOCKER nutjobs wanted to push, and also the alt coin pumpers had some incentives to propagate such narrative to pump their shit by suggesting that BTC is broken or inadequate and that other Bitcoin 2.0 systems (aka alt coins) would be the solution for such problem.

The most reasonable inferences from the evidence remains that spam attacks were occurring on the BTC network to attempt to provide evidence for the made-up bullshit narrative, and even though it remains a bit unclear regarding the culprit of the spam attacks, largely it is attributed to folks like bitmain, Roger Ver and coinbase, even though there were likely some others that were contributing to acts and practices that added to the clogging up effects of the spam attack of the bitcoin network.

By the end of January or so, it became more apparent that the cost of the ongoing spam attack and even the actual ongoing effects of such spam attack were becoming greater than the benefits of keeping such spam attack going.  Yeah, there was a bit of a risky (but seemingly justified) move from bitcoin node to expedite the live activation of lightning network - which would then more quickly negate some of these projects attempt to maintain their claims about BTC's alleged high transaction fees and slow transaction times. 

So, yeah, ever since the end of January the spam attacks largely stopped and any further attempt to reinitiate such spam attacks have not been effective which brought BTC fees and transaction times way down into relatively low ranges, which can cause some concerns regarding whether if such low fees were to persist, then are there enough mining incentives built in... but that sustainability (and incentives) of low fees  scenario remains largely offset by relatively lucrative mining rewards that will continue to be decent for a few more halvenings.. so perhaps the fees could stay relatively low for 10 or 20 more years, but likely as BTC adoption increases, fees are likely to naturally go up, too... and yeah, it does seem to become more and more expensive to engage in bitcoin spam attacks, but likely those spam attack times are not behind us - even though they might have to be more strategically employed as compared to the 2017 to January 2018 period that they were employed for months at a time (December 2017 to January 2018 was about a two month long attack).

[hv_]

When big banks, businesses and all the poor unbanked (cannot pay BTC on-chainfees - but BCH) ?

what are you talking about? the current bitcoin transaction fees are about $0.15.

edit: typos

Many of us doing on-chain bitcoin transactions in late 2017 until about January 2018, recall how the BTC transaction fees went skyrocketing up - actually, there were several times in 2017 in which BTC transaction fees went skyrocketing up.  Coupled with fees going up tended to be longer BTC transaction times.

Large fees and longer transaction times was a narrative that the BIG BLOCKER nutjobs wanted to push, and also the alt coin pumpers had some incentives to propagate such narrative to pump their shit by suggesting that BTC is broken or inadequate and that other Bitcoin 2.0 systems (aka alt coins) would be the solution for such problem.

The most reasonable inferences from the evidence remains that spam attacks were occurring on the BTC network to attempt to provide evidence for the made-up bullshit narrative, and even though it remains a bit unclear regarding the culprit of the spam attacks, largely it is attributed to folks like bitmain, Roger Ver and coinbase, even though there were likely some others that were contributing to acts and practices that added to the clogging up effects of the spam attack of the bitcoin network.

By the end of January or so, it became more apparent that the cost of the ongoing spam attack and even the actual ongoing effects of such spam attack were becoming greater than the benefits of keeping such spam attack going.  Yeah, there was a bit of a risky (but seemingly justified) move from bitcoin node to expedite the live activation of lightning network - which would then more quickly negate some of these projects attempt to maintain their claims about BTC's alleged high transaction fees and slow transaction times. 

So, yeah, ever since the end of January the spam attacks largely stopped and any further attempt to reinitiate such spam attacks have not been effective which brought BTC fees and transaction times way down into relatively low ranges, which can cause some concerns regarding whether if such low fees were to persist, then are there enough mining incentives built in... but that sustainability (and incentives) of low fees  scenario remains largely offset by relatively lucrative mining rewards that will continue to be decent for a few more halvenings.. so perhaps the fees could stay relatively low for 10 or 20 more years, but likely as BTC adoption increases, fees are likely to naturally go up, too... and yeah, it does seem to become more and more expensive to engage in bitcoin spam attacks, but likely those spam attack times are not behind us - even though they might have to be more strategically employed as compared to the 2017 to January 2018 period that they were employed for months at a time (December 2017 to January 2018 was about a two month long attack).

Meh, your narrative is just BTC cannot scale.

And any other try is an ATTACK.

Deal with it.

[Elwar]

https://www.justice.gov/opa/pr/first-nationwide-undercover-operation-targeting-darknet-vendors-results-arrests-more-35

You have got to wonder how we got their private keys huh?

Most of you nerds just squeal when we threaten the old ass-rape in prison routine.

If not, we can always find kiddie pics on your pc's, whether they were originally there or not. Most of you have some pretty oddball stuff already.

Then you'll squeal.

So yeah, probably best not to threaten the financial stability of the most powerful nation on God's good earth.

The US is creating its own financial instability with the huge debt it continues to ramp up ("Postal Inspectors and their law enforcement partners will spare no resource or expense to shine a light on the sale and distribution of illicit and dangerous items on the Darknet"). Everyone can just sit back and do nothing and it will all come tumbling down.

It's just that some of us don't want to be caught in the rubble.


Thank you for pointing out that Bitcoin does not need to be regulated, as good old police work can catch people doing bad things with bitcoin the same way they can catch people doing bad things with the dollar ($3.6 million in U.S. currency in the case of the article you posted).

Bullish!

[vroom]

I found something funny. you still know these memes?



they looked for this shocked woman on this picture and found the models gallery. you have to see this: https://twitter.com/ShortFormErnie/status/1011362273762402304/photo/1

if you wounder what she is doing on these photos, she is checking the bitcoin price of course  

[Last of the V8s]

oddball my arse

[actmyname]

Ok. Admittedly I know nothing about IOTA.

Shitty algorithm that can get clogged for free which was shittily pumped with propaganda.

It's Obviously The Asshole of the top 10.

[JayJuanGee]

When big banks, businesses and all the poor unbanked (cannot pay BTC on-chainfees - but BCH) ?

what are you talking about? the currect bitcoin transaction fees are about $0.15.

They are like a broken record, they dont know how to change narrative, it requires one to do some research and think lol
They probably still think it is 2017

It's an effective talking point, even though its basis in fact is a stretch at best.

[markj113]

Ok. Admittedly I know nothing about IOTA.

Shitty algorithm that can get clogged for free which was shittily pumped with propaganda.

It's Obviously The Asshole of the top 10.

Also centralised (co-ordinator) and people still waiting for funds to be returned that were taken by the foundation without consent about a year ago.

Lots of people also forced to go through a KYC process just to get back funds that were previously held in their private wallets.

[STT]

The only two significant points of volume recently came with green bars.  Seems neutral to positive until we reach that overhead negative trend perhaps

Humans are unfair creatures. He has literally made peace between the koreas by threatening with nuclear war over twitter, and people still shit on him :/

Ironic positives are possible but I see the underlying change as China realising this old guy DGAF and is as dangerous as the younger guy who dont DGAF and is likely not playing the same old game they've run for decades.  Hence China, the real power in the balance side swiped Kim Jung with the knowledge he is going to lose any backing unless he stops killing off foreigners and stick to his national dictatorship.   Rather then launch that next missile, combined with the fact they probably destroyed part of the launchpad he opts to take the money on the table for playing nice.
In ten years he will just repeat the same crap in exchange for more nice stuff coming his way.    He isnt about to make any kind of peace like Gaddafi made the mistake of doing and China probably doesnt want him to do because he is their poodle in any forthcoming battle over the 'south China sea'

Despite the name most of that sea belongs to other countries hence a likely heavy conflict is probable more then anything specially to do with the Korean peninsula

[jbreher]

If not, we can always find kiddie pics on your pc's, whether they were originally there or not.

It's one thing to come here to gloat and make veiled threats to a predominantly law-abiding community.

It's quite another to openly admit that you are happy to fabricate evidence in order to implicate the innocent.

Fuckin' jackboot. Hope you enjoy the power that your petty badge gives you. Because you'll rot in hell for your actions.

Does your mother know how dishonest you are? She must be so proud.

[JayJuanGee]

Well if the last 9 months are forgotten, there really is nothing sketchy about these current prices @ all 

You are failing and refusing to understand proper context when you selectively remove some part of history in order to attempt to paint a picture about what is happening.

In other words, let's get back to reality because your hypothetical framework leads us into fantasy land, rather than considering actual facts on the ground.

[Ibian]

I found something funny. you still know these memes?



they looked for this shocked woman on this picture and found the models gallery. you have to see this: https://twitter.com/ShortFormErnie/status/1011362273762402304/photo/1

if you wounder what she is doing on these photos, she is checking the bitcoin price of course  

Remember folks, don't stick your dick in crazy.

[Ibian]

so perhaps the fees could stay relatively low for 10 or 20 more years, but likely as BTC adoption increases, fees are likely to naturally go up, too...

The collapse of the West (and Latin America) with Asia taking the crown as the financial capital of the world will be complete by the end of 2032 according to the third occurrence of the sixth 309.6 year wave of humanity since recorded antiquity.

Thus (Satoshi not Core) Bitcoin will have already attained $21 trillion market cap and fulfilled its intended role as the next international reserve currency to replace the USA dollar.

So you can expect that (Satoshi not Core) Bitcoin will be only for $billionaires by then with $50,000 transaction fees. But that is what is necessary for our BTC to go to $1 million.

The details for my thesis are here:

https://bitcointalk.org/index.php?topic=1082909.msg40924436#msg40924436 <--- main one

https://bitcointalk.org/index.php?topic=4433000.msg40989255#msg40989255

https://bitcointalk.org/index.php?topic=4416188.msg40948767#msg40948767

Okay, but can you explain it in less than twenty thousand words?

Someone once said that if you can't explain something in a simple way then you don't understand it. I recently explained how the cultural cycle Glubb identified interacts with the r/K theory as it pertains to humans in a single post. Both of which are things most people have never even heard about. Your turn.

[Ibian]

Ironic positives are possible but I see the underlying change as China realising this old guy DGAF and is as dangerous as the younger guy who dont DGAF and is likely not playing the same old game they've run for decades.  Hence China, the real power in the balance side swiped Kim Jung with the knowledge he is going to lose any backing unless he stops killing off foreigners and stick to his national dictatorship.   Rather then launch that next missile, combined with the fact they probably destroyed part of the launchpad he opts to take the money on the table for playing nice.
In ten years he will just repeat the same crap in exchange for more nice stuff coming his way.    He isnt about to make any kind of peace like Gaddafi made the mistake of doing and China probably doesnt want him to do because he is their poodle in any forthcoming battle over the 'south China sea'

Despite the name most of that sea belongs to other countries hence a likely heavy conflict is probable more then anything specially to do with the Korean peninsula

I saw a short clip with Trump and Kimmy, the one where Trump salutes the military guy. Kim looks like a confused and very frightened overgrown child who is way out of his depth. I imagine his thought process went something like this: "Okay, twice as big as me, twice as crazy, way more than twice the bombs... play nice and maybe he will go away. That's a good american, niiiice americaaaann...".

[mindrust]

Brainwashed.

Who is your employer? Roger, Jihan or Brian?

[Toxic2040]

Modified Schiff fork


The big banana of 2018

#stronghands

[Anon136]

So yeah, probably best not to threaten the financial stability of the most powerful nation on God's good earth.

Wait how does selling drugs threaten the financial stability of the United States . Social stability maybe but nothing could be as detrimental to that as open borders and mass immigration, something most government employees seem to be more than okay with.

Frankly I don't care what you guys do before this cold civil war turns hot as long as you back the RIGHT side when things do turn hot. Nothing else matters compared to that one decision that you will have to make. You claim to love the USA than back the good guys not the commies when things get real.

[El duderino_]

pfffff give me one of these during bear market 

[Anon136]

... as long as you back the RIGHT side ...

What you did there. I see it.

What ever could you be talking about?