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

[Toxic2040]

Good morning all.

Not sure if you all follow Andreas on YT but I really enjoyed hes latest video.
https://www.youtube.com/watch?v=3Ck683CQGAQ

Its still in alpha but I am checking out and I like the Samourai wallet. #dyor  When combined with a vpn it is pretty darn nice.
https://samouraiwallet.com/index.html

The down trend continues with bitcoin. Where will it stop? According to some, the price decline this month has been caused by hedge funds closing out their yearly lock up positions.
https://cointelegraph.com/news/hedge-fund-sell-offs-could-artificially-lower-bitcoin-prices-predicts-blockchain-vc

While I think there might be some truth to this, I also believe there has been some "front-running" in anticipation of a market decline. Meaning people in the know leaving the market early to avoid this slump, which in turn lowered the price farther. A domino effect if you will. From a technical view, there is nothing to support the price moving downward. Its all fundamentals and sentiment at this point. I will also add that its extremely frustrating to watch the market continue to slide when everything indicates the price should go up or at least remain relatively stable. Everyone and their brother appears to be long at this point..which tells me the market might dip some more to shake out weak hands.

[cAPSLOCK]

And Terra, I'm sorry.

I don't think apologies count if you misspell the name...  jusayin

[JimboToronto]

Good morning Bitcoinland.

I see we've got some more sideways... currently $6122USD/$8136CAD (Bitcoinaverage).

Ho freaking hum.

[Last of the V8s]

[Last of the V8s]

Marty has bullish signals

[bitcoinPsycho]

it's official

[ivomm]

Germany in despair. Expect heavy dump now 

[Ibian]

it's official

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 :/

[El duderino_]

Germany in despair. Expect heavy dump now 

Or big buy now they have the time .....

[Elwar]

Good morning Bitcoinland.

I see we've got some more sideways... currently $6122USD/$8136CAD (Bitcoinaverage).

Ho freaking hum.

Bottom of the cup needs a good level base.

[Last of the V8s]

Beer rationing coming to the UK. Is this how it starts?

[ccminer.net]

I'm afraid that when the volumes will rise again we will see big dump

[kalehon]

I guess you can buy decentralized water now 

[mymenace]

it's official

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 :/

I think in the next month or two the whole world are going to see him as someone who saved the world

some will not see it, but just a fact

[mymenace]

I guess you can buy decentralized water now  

Glucose free
Vegan safe
Low in sugar

[Schmullius]

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.

[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!