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

[Karartma1]

Last pages where what I needed to rethink my Bitcoin positioning. It's always good to never forget our mantra
Don't trust, verify

I have never been a huge fan of those 3 addresses. I have always kept my cold important, hard-earned, hard-paid UTXOs in 1-starting bitcoin addresses.

I have never had issues spending more for my txs to be confirmed beacuse I know what it costs to transact on the most secure network around.

Oh, for the record, f**k bcash in case you were thinking I was shifting to Vercoin

For everything else, there's Mastercard Dogecoin
 

[Last of the V8s]

Zuckerberg and Roger Ver sitting in a tree
Shilling a blatant scam cryptocurrencee

[mymenace]

Last pages where what I needed to rethink my Bitcoin positioning. It's always good to never forget our mantra
Don't trust, verify

I have never been a huge fan of those 3 addresses. I have always kept my cold important, hard-earned, hard-paid UTXOs in 1-starting bitcoin addresses.

I have never had issues spending more for my txs to be confirmed beacuse I know what it costs to transact on the most secure network around.

Oh, for the record, f**k bcash in case you were thinking I was shifting to Vercoin

For everything else, there's Mastercard Dogecoin

Spoken like a true crypto master

[xhomerx10]

If you weren't here, we'd have to make up someone like you just for the kicks. Enjoy yourself. Drink responsibly.

Oops... I slipped on the last phrase, sorry!

hopefully he gets drunk enough to slip another leg shot of Ms Goose

 ...or maybe a little cheek?  You know, just to show that the bottom is in.

[d_eddie]

The base layer has to stay VERY comfortably within Moore's law.

If one is to use Moore's law as the metric, computing power has increased by a factor of 64 in the time of Bitcoin's existence.

Lessee.... what's 1MB times 64? Humm....

Use of net resources scales super-linearly.  And Moore's Law has had a serious stop in the latest years. I know you know all that. Come on. Please.

[mymenace]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.
1. Create crypto
2. Pre-mine 100 million coins
3. Wash trade a single coin on a shady exchange in Korea or China for $1.
4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.
But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.
I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

re: BTI it's easier just to buy ~ you must think of a real world use that bitcoin core doesn't do! weeee
===>
https://freiexchange.com/market/BTI/BTC
http://www.bitcoinstant.org/
#obeybitcoin

Central banks are a scam that is 100% of fiat is a scam
...."how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams"....
It is not 60% it is 100%
Treat it all as a scam then you win better
The banks
the stocks
the metal
the crypto
call scam, look for the scam, try and play the scam
one scam is, buy the dip
as long as the bottom keeps going up
buy the dip
and you do not want no KODAK moment (watch your investment and its owners)

Another example bitChipper

Bcash
The announcement of Bitcoin Cash and its hard fork

Call scam - buy a little as a lot of people pushing scam
Wait for the pump
sell
buy the dip
another pump
sell
buy only a little on the dip


working really well for me

wait for next pump (may not come - again though a lot of big wigs pushing it)
get out?

[Last of the V8s]

https://www.twitch.tv/videos/278087172 … 19:22:00
PGP (Phil Potter who just left Bitfinex) 's much vaunted chat on whalepool the other night
tl;dw incoming

[explorer]

When Five Oh (oh-oh)?  Slowly slip silding along, we'll get there eventually. 

[gentlemand]

incoming

My connection is too clogged right now.

Incoming what?

Death? Glory? Cruise missiles? Pizzas?

[explorer]

incoming

My connection is too clogged right now.

Incoming what?

Death? Glory? Cruise missiles? Pizzas?

tl;dw summary.  Wait For It...  (may include all of the above)

[Last of the V8s]

https://www.twitch.tv/videos/278087172 … 19:22:00
PGP (Phil Potter who just left Bitfinex) 's much vaunted chat on whalepool the other night
tl;dw incoming

"bfx is fine
i'm an american, bfx is pivoting away from united states
been there 4 half years it's my baby, tether is my baby
getting difficult to be a usian on the team of bfx and tether
nothings wrong with bfx and tether

eos shenanigans horrific and hysterical
more on eos [eww] I likes it more/less and at 3/4 dolla

sold some coin at the top
3k still my target for btc [eww]

mining follows price, no real repercussions for mining unless price down to 1k /1200

every exchange is under medieval-type constant siege from hackers, but still safer than legacy systems.
the ones that have been hacked are now ultra-paranoid [massive hint here, CZ]

nobel bank... [something]"


sorry. bored now

[gentlemand]

sorry. bored now

How lovely.

Thank you for your time.

[Last of the V8s]

sorry. bored now

How lovely.

Thank you for your time.

might carry on, but you've got time for a few pints and a pickled egg

[bitChipper]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

re: BTI it's easier just to buy ~ you must think of a real world use that bitcoin core doesn't do! weeee

===>

https://freiexchange.com/market/BTI/BTC

http://www.bitcoinstant.org/

#obeybitcoin

Central banks are a scam that is 100% of fiat is a scam

...."how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams"....

It is not 60% it is 100%

Treat it all as a scam then you win better

The banks
the stocks
the metal
the crypto

call scam, look for the scam, try and play the scam

one scam is, buy the dip

as long as the bottom keeps going up

buy the dip


and you do not want no KODAK moment (watch your investment and its owners)

so even my gf and my dog are scamming me too.....whatamigunnadoooo?

[Rsiyz]

boom bada boom...

[Last of the V8s]

"most trading is on exchange, not otc. both pretty dead right now. 6 weeks ago busier on otc

CME is a total sideshow. no liquidity. [wash] back/forth trading. a shitty product.
did not cause the top. it was a speculative blow-off top. market got way ahead of itself.

no ETF soon and the first will be shitty, as moving with futures, not the underlying.
you get fucked by contango. an etf based on spot market needs a regulated exchange.
the sector needs insured custody [fucking lol]. 4/5 companies pursuing this - end of year.

banking for arbs between exchanges has improved dramatically. tiny spreads now.

still long crypto, but right now my bids are low.

re Alphago [scam] coming to the market. bullish on AI seeing small things we can't/won't see."

seems to be it.
still can't tell if he's a scammer, normal guy or what
anyway some of that makes sense.

[cAPSLOCK]

boom bada boom...

God... don't just type stuff like that at a time like this.

Damn.

[Elwar]

Price still under $10k...

 

[El duderino_]

Price still under $10k...

 

In my head its already around 37k

[gentlemand]

In my head its already around 37k

Right now there's a party in my pants and it's $100,000 per coin in there.