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

[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!

[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