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Question: What happens first:
New ATH - 42 (70%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26355787 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. (174 posts by 3 users with 9 merit deleted.)
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August 12, 2018, 03:47:45 PM
Merited by BobLawblaw (2)

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

I do not want to go off topic into alt discussion in this thread so I invite you to post that in the monero thread so you can learn why you are wrong.

https://bitcointalk.org/index.php?topic=583449.msg43851970;topicseen#new

Tee hee hee

The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value.  That’s because Bitmain paid over twice what those Bcash lol coins are now worth.  Suckers.   No wonder they want to IPO - they are desperate to dump their Bcash lol bags.

The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins.  I wonder if any Chinese are dumb enough to fall for it.



This needs it's own thread, or is there one already?

Good link on this story

https://bitcoinexchangeguide.com/bitmain-pre-ipo-investor-deck-reveals-huge-btc-for-bch-bitcoin-swap-are-they-going-broke-as-a-result/

Someone needs to get that bittconnect guy to make a video of himself yelling out Bitmain!

https://www.youtube.com/watch?v=64R918K-3L8

PSA: exchanges will start to wobble at under 6k. 1 or 2 self-hacks must be expected at times like that. Get your money off the exchanges as soon as you have done your business. Do not 'invest' more than you can afford to lose.



I'm on 6 months quit after over 40 years and this just gave me cravings like you wouldn't believe!

Don't post a rock with a BTC !!! Cheesy


The Monero and Bitcoin transaction fees are very close to each other. There is not practical difference, exept during the high volume times Bitcoin has had actually higher fees.
https://bitinfocharts.com/comparison/monero-transactionfees.html
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Also, the Transaction fees of Monero will be decresed even more by 80-90% by the bulletproofs.
https://ethereumworldnews.com/monero-bulletproof-protocol/
https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html

In addition The Tari Project which is a second layer protocol for Monero, will cut the transaction fees to fractions by Lightning Networks. It will also bring Atomic Swaps, Internal assets and much more for Monero.
https://www.tari.com/

The "not fixed" supply is not a problem at all. There is a fixed tail emission for Miners to have an incentive to mine. And because the tail emission is fixed, the emission in relation to existing supply will be decreasing. Also, the tail emission will be very low. 0,6XMR per 2 minutes block. That is only 432XMR per a day.
https://getmonero.org/resources/moneropedia/tail-emission.html

Also, the Tari Protocol will be merge Mined with Monero.

Lets not talk about Monero in this thread, even if a maximalist tries to spread misinformation. Just invite them to post their concerns in the correct thread. This is their thread after all and that should be respected.

This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.

But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?

P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.



How many times do we have to repeat that bitcoin is not a ordinary asset? That bitcoin exchanges are not the stock markets? That bitcoin is not a company, and not a product?

Bitcoin is a currency, and it is extremely disruptive, as it is not controlled by any nation-state.

This nocoiner mentality is depressing. You just see bitcoin as a vehicle, a tool, to make more fiat money.

You dont believe that, in the future, you could buy a house with a single bitcoin. And without the need to sell it in the first place.

Thats why people are not panicking, and you dont see massive panic sell. The guys from Wall Street were probably expecting it when they implemented futures markets for bitcoin, to drive the price down.


I would argue that it is more of a store of wealth these days than an actual currency. And it may be the best way to store value than all the others.

No-one (except those living off their stash) dips into their stash for the weekly groceries do they?


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August 12, 2018, 04:22:17 PM
Merited by Icygreen (1)

Bitcoin is a currency, and it is extremely disruptive, as it is not controlled by any nation-state.

You and many other are misled by the TPTB.

You and many other think that nation state is the enemy of the crypto. That is a miss conclusion. The enemy of the crypto is the TPTB.

You and many other also think, that there are plenty nation states. That is an illusion. There are just very few of such on this planet. And none of them are on the western world. The TPTB have enslaved almost all of them. By taking control of the FIAT. In United states that happened 1913. Now the TPTB is afraid for their FIAT to get rusty by the crypto, resulting to lose the control of the state, resulting to the rise of the people and to the rise of the nation state.

People, nation and nation state are not the enemy of the crypto. TPTB is the enemy of the crypto.

TPTB is the enemy of the human.
TPTB is the enemy of the nation.
TPTB is the enemy of the nation state.
TPTB is the enemy of the crypto.
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August 12, 2018, 04:24:27 PM



 I've often wondered what the hodlers use to purchase these luxury cars?  If you're hodlin, wouldn't you still be driving a 1998 Ford Crown Vic P71?!  I must be doing it wrong.  Perhaps they are leveraging their ruggedly-handsome, good looks?

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August 12, 2018, 04:28:58 PM
Merited by Torque (1)



1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.

Shitcoiners,
you don't 51% attack Bitcoin,
Bitcoin will 51% you

 Wink
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August 12, 2018, 04:29:32 PM
Merited by Biodom (1), bitebits (1), BobLawblaw (1)

BITCOIN has its own problems ......its not appriciated enough by soooooo many people on this earth .  Roll Eyes
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August 12, 2018, 04:40:12 PM
Merited by BobLawblaw (1)



1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.

Shitcoiners,
you don't 51% attack Bitcoin,
Bitcoin will 51% you

 Wink

Yep.

If there were 1818 so called "precious metals" in the world, investors/savers would all gravitate to Gold and regard all the rest simply as "fool's gold".
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August 12, 2018, 05:05:41 PM



1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.

Shitcoiners,
you don't 51% attack Bitcoin,
Bitcoin will 51% you

 Wink

Yep.

If there were 1818 so called "precious metals" in the world, investors/savers would all gravitate to Gold and regard all the rest simply as "fool's gold".

I guess that will happen eventually.

Silver and a few other metals are used as stores of value, plus there are numerous other commodies and collectables etc which perform this function to a limited extent. There could be quite a number of Cryptos that survive long term (but not anywhere near 1818). In the meantime we are in an evolutionary lifeform/species explosion, which is needed to give natural selection a large choice for the eventual extinction.
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August 12, 2018, 05:09:09 PM



I can see it now. Somewhere in the desert is a gathering of bitcoin HODLers, their cars around a huge bonfire in a circle, like petals on a daisy.

Would they be VW Rabbits, or Lambos....

Hm.

(They should be Ferraris. Much more impressive car than the Lambo)
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August 12, 2018, 05:44:55 PM

I am not lucky. I am strong.

I'd say we're both. You can't deny the element of luck in learning about Bitcoin in the first instance.
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August 12, 2018, 05:54:46 PM
Last edit: August 12, 2018, 06:33:19 PM by Lowryy



I can see it now. Somewhere in the desert is a gathering of bitcoin HODLers, their cars around a huge bonfire in a circle, like petals on a daisy.

Would they be VW Rabbits, or Lambos....

Hm.

(They should be Ferraris. Much more impressive car than the Lambo)

The problem when buying a ferrari is that the only color choice allowed is red.

And for the past 9 months....I've seen too much red....especially on my monitor.
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August 12, 2018, 06:05:58 PM

Then we'll start again and learn from our mistakes.  What's a good exit point this time?



original image by Victor Carapcea
https://www.facebook.com/karafoto.ro/

I'm liking the room in the trunk. If the boot open up easy, I could fit a lot of my junk in there.

(No double entendres here...)
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August 12, 2018, 06:06:26 PM
Last edit: August 12, 2018, 06:19:17 PM by markj113

(They should be Ferraris. Much more impressive car than the Lambo)

Unless it is a Huracan Performante or Aventador SVJ that has just taken the nurburgring record, balls of steel:
https://www.youtube.com/watch?v=QRsq35Et-EY&t=6s




I bought a Lambo and I am not in the Bcash camp Wink
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August 12, 2018, 06:26:07 PM

Yep.

If there were 1818 so called "precious metals" in the world, investors/savers would all gravitate to Gold and regard all the rest simply as "fool's gold".

I guess that will happen eventually.

Silver and a few other metals are used as stores of value, plus there are numerous other commodies and collectables etc which perform this function to a limited extent. There could be quite a number of Cryptos that survive long term (but not anywhere near 1818). In the meantime we are in an evolutionary lifeform/species explosion, which is needed to give natural selection a large choice for the eventual extinction.

Lots of fools gold around but no one pays it any attention. Just like all of these altcoins, people notice that the other "commodities" have very limited intrinsic value and don't bother to put much money into them. They do need to exist, however, just to set Bitcoin apart from all the others.



I would argue that it is more of a store of wealth these days than an actual currency. And it may be the best way to store value than all the others.

No-one (except those living off their stash) dips into their stash for the weekly groceries do they?




I wouldn't be calling it a currency either, until we can actually buy out milk with it. That won't be happening soon either, so it's a store of wealth for the time being. Ideally we could use it as a currency but it's not practical yet. One day...
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August 12, 2018, 06:28:55 PM
Merited by Last of the V8s (1)


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August 12, 2018, 06:34:06 PM

(They should be Ferraris. Much more impressive car than the Lambo)

Unless it is a Huracan Performante or Aventador SVJ that has just taken the nurburgring record, balls of steel:
https://www.youtube.com/watch?v=QRsq35Et-EY&t=6s




I bought a Lambo and I am not in the Bcash camp Wink


 Come on man!  It hasn't even moved since that last time you showed us.  You're still paying for it, aren't you!

edit: <---  see what I mean?



 edit2:  I just realized I'm more jealous of your garage.  Nice!
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August 12, 2018, 07:00:10 PM
Merited by LFC_Bitcoin (1)

Come on man!  It hasn't even moved since that last time you showed us.  You're still paying for it, aren't you!

We have actually had the best summer in the UK since 1976, clocked up lots of miles and got some track days in too Smiley

Really did pay for it in full with BTC profit, A bit of luck with timing and a few select altcoins + BTC and it can be life changing!

Dont lose faith with the current price drops.
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August 12, 2018, 07:07:54 PM
Merited by markj113 (5)

(They should be Ferraris. Much more impressive car than the Lambo)

Unless it is a Huracan Performante or Aventador SVJ that has just taken the nurburgring record, balls of steel:
https://www.youtube.com/watch?v=QRsq35Et-EY&t=6s




I bought a Lambo and I am not in the Bcash camp Wink


 Come on man!  It hasn't even moved since that last time you showed us.  You're still paying for it, aren't you!

edit: <---  see what I mean?



 edit2:  I just realized I'm more jealous of your garage.  Nice!




EDIT: https://lambo2btc.com
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August 12, 2018, 07:14:00 PM
Merited by Gyrsur (1)



Nicer doors than mine and must be a V12 lol.

V10 lambo doors open outwards, V12 Lambo doors open up.
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August 12, 2018, 07:44:39 PM

please return to your seats and fasten your seat belts, we have some weather up ahead
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August 12, 2018, 07:54:57 PM

The problem when buying a ferrari is that the only color choice allowed is red.

And for the past 9 months....I've seen too much red....especially on my monitor.
Indeed. They need to make a green one. However they do have black....
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