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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25497973 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
LFC_Bitcoin
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June 29, 2018, 01:49:16 PM

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.
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June 29, 2018, 01:55:53 PM

I won't be keeping my cold storage coins in a segwit address though.


None of mine are in segwit addresses.

Months ago I asked some technical questions about segwit addresses not having private keys, and nobody answered. Since then, I only used segwit addresses as entry adresses, but not as storage.

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June 29, 2018, 02:05:32 PM
Last edit: June 29, 2018, 02:21:18 PM by mindrust
Merited by Paashaas (1), doc12 (1)

I won't be keeping my cold storage coins in a segwit address though.


None of mine are in segwit addresses.

Months ago I asked some technical questions about segwit addresses not having private keys, and nobody answered. Since then, I only used segwit addresses as entry adresses, but not as storage.



According to the doomsayers and FUDcallers, this is not going to save you.

Your coins need to be on a pre-fork/non-segwit address. Any coins you receive after the fork will most likely to have a segwit background. Since the adoption grows, the chances of getting non-segwit coins are becoming less and less. *fudcaller denied this.

These doomsayers and fudcallers basically want you to dump and not use segwit and threatening us with a %51 attack. (they are after reverting all the segwit transactions btw) *denied this too.

If they do a successful %51 attack and manage to hurt countless people, there will be a bounty for their fucking heads.

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.

As I said before, they are nothing but a bunch of *aggots.
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June 29, 2018, 02:19:56 PM

According to the doomsayers and FUDcallers, this is not going to save you.

Your coins need to be on a pre-fork/non-segwit address. Any coins you receive after the fork will most likely to have a segwit background. Since the adoption grows, the chances of getting non-segwit coins are becoming less and less.

That is not true. I already corrected that mistaken thinking. Please see my reply to vapourminer.

Again I will delete this post.

Protection is provided by hodling in legacy addresses regardless of the lineage.

What rational individual would choose to not hodl in legacy addresses. Why take on the risk? Because you love Core? Oh please go ahead. Hodl in Core addresses. So then if ever the hardfork comes, you will not be able to sell the Satoshi tokens and buy Core tokens if you want to support Core.

But then that sort of indicates that Core is a failure if nobody can ever trust to hodl their addresses.

The game theory is undeniable.

Its not "Core" its Bitcoin and a big blocks hardfork is only existent in your dreams, deal with it.

Segwit is part of bitcoin now and no sane miner will burn his business by attacking bitcoin.
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June 29, 2018, 02:20:41 PM

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.


I dont use segwit for storage, not because of the FUDsters, but because it was not clear if the segwit adress use the same private key of the legacy adress that was used to create it, or if it dont have a private key at all. Since this was never cleared, I keep the cold storage in legacy adresses. Today, this dont make too much of a difference, since the fees are very low.

A legacy address start with 1, a segwit start with 3. This was technically cleared, and it dont matter when the address was created.
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June 29, 2018, 02:22:50 PM
Last edit: June 29, 2018, 02:59:27 PM by mindrust

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.


I dont use segwit for storage, not because of the FUDsters, but because it was not clear if the segwit adress use the same private key of the legacy adress that was used to create it, or if it dont have a private key at all. Since this was never cleared, I keep the cold storage in legacy adresses. Today, this dont make too much of a difference, since the fees are very low.

A legacy address start with 1, a segwit start with 3. This was technically cleared, and it dont matter when the address was created.

I agree for hodlers it doesn't make a difference.

But then if the threat is real, why use segwit addresses or bitcoin completely at all? You wouldn't even use bitcoin and probably want to dump it away if you even have the slightest doubt about his security.

See what the Fudcaller have done to you?

Now you have doubts and thinking if btc is safe or not. Safety is the #1 selling point of bitcoin.
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June 29, 2018, 02:29:51 PM

%43 btc dominance

Well, at least we get a silver lining.

"we"  ? 

Are you one of the described "we", jbreher?

Of course. If you don't know I have significant holdings of BTC, you haven't been paying attention.
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June 29, 2018, 02:33:07 PM

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

I did not say anything about BCH. The topic is clearly segwit.

What the fuck are you talking about...

Why don't you start your own thread and stay there you MORON.

Why would I discuss segwit on an unrelated thread? Are you really that daft?

Quote
Go away.

No.

DealWithIt.png
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June 29, 2018, 02:34:09 PM

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.

What a bunch of BS. Break even for an S9 mine right now is around $5000/BTC. There is more to mining than electricity! By 2024, it will be closer to $500k/BTC break even.
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June 29, 2018, 02:40:48 PM
Merited by JayJuanGee (1)

But then if the threat is real, why use segwit addresses or bitcoin completely at all? You wouldn't even use bitcoin and probably want to to dump it away if you even have a slightest doubt about his security.

See what the Fudcaller have done to you?

Now you have doubts and thinking if btc is safe or not. Safety is the #1 selling point of bitcoin.

Now you’re starting to understand the game theory. Only Satoshi’s protocol can ever be secure. And that is what we are using. If you’re using that Core altcoin, then you will end up on that altcoin. Enjoy.


FUCK YOU AND YOUR SATOSHI PROTOCOL

FUCK OFF FROM THIS THREAD

WERENT U SAVING THE FUCKING WORLD?

*op kick this *aggot away please. he is offtopic
jbreher
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June 29, 2018, 02:42:05 PM

This is the 10-th time I read about it this week. Facebook buying Coinbase?

Last night, I attended an invite-only recruitment soiree hosted by FB.

That is all.
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June 29, 2018, 02:54:48 PM

All shitcoins are slowly bleeding back into Bitcoin on every dip.   Cry

Deal wid it.   Kiss
mindrust
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June 29, 2018, 02:57:20 PM

FUCK YOU AND YOUR SATOSHI PROTOCOL

FUCK OFF FROM THIS THREAD

*op kick this *aggot away please. he is offtopic

Hey nim nuts, the OP of this thread started the segway about my analysis of the SegWit donations issue which I was discussing in a different sub-forum. And I put all my replies on this topic in one last post.

And please do put your addresses all on Core. I am going to be laughing when you lose everything.


(this post will be deleted).



This is the wall observer thread you fuckface gtfo and start your own thread.
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June 29, 2018, 02:59:01 PM

All shitcoins are slowly bleeding back into Bitcoin on every dip.   Cry

Deal wid it.   Kiss

Man, Segwich gonna steal all yer coins. Do the smart thing, switch to FlappyCoin. I'm doing it. (Actually I did it first. So technically, you would be buying them from me1.)

1. But still.
mindrust
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June 29, 2018, 03:01:31 PM

This is the wall observer thread you fuckface gtfo and start your own thread.

I did. And you all dragged me over here by starting a discussion about what I was writing in the other thread.

As I said, the author of the OP of this thread, started the segway. And there was a diversion of the thread talking about it.

You’re just pissed off because the facts make you look as stupid as you are.

Nobody dragged you. You didn't get the interest you wanted in your own shitty thread so you came here to spread FUD because this is the best and the most viewed thread of bitcointalk.

Ok we now know your name along with the fucking roach. Now you can fuck off.
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June 29, 2018, 03:04:50 PM
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You’re just pissed off because the facts make you look as stupid as you are. You fell flat on your face for the Core scam.

bitChipper
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June 29, 2018, 03:07:42 PM

All shitcoins are slowly bleeding back into Bitcoin on every dip.   Cry

Deal wid it.   Kiss

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?
Rosewater Foundation
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June 29, 2018, 03:11:48 PM

I'm not saying I'm concerned, but



just do the right thing here, ok?
mindrust
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June 29, 2018, 03:13:18 PM

All shitcoins are slowly bleeding back into Bitcoin on every dip.   Cry

Deal wid it.   Kiss

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?


Tone Vays is right but at this point it doesn't matter. They will exist anyway and many people get scammed because of that. This whole concept (ICO's and shit) will become a massive clusterfuck. (if not already)

Tone Vays also says most altcoins are scams and guess what? He is right again yet altcoins keep coming.
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June 29, 2018, 03:16:22 PM

All shitcoins are slowly bleeding back into Bitcoin on every dip.   Cry

Deal wid it.   Kiss

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?


BTC Dominance has increased from 33% to 43% since Jan, the last peak was at 45% - will be interesting to see if its passes or not, I'll buy a bit of alt stock at 44% just in case

Personally, I'm happy with the 35%-45% range

The recent trend has been for dominance to reduce as BTC price increases, a couple of years ago the opposite tended to happen
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