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

[Hueristic]

Or maybe they know how to properly do a survey.

There's no way in hell almost 10% of europeans or americans already hold any Bitcoin. No.Fucking.Way.

Small sample size, probably taken at college campuses, and you could be right.

Historically, they used urine to tan animal skins, so families used to all pee in a pot. Once a day it was taken and sold to the tannery.

If you had to do this to survive, you were ‘piss poor.’

But worse than that were the really poor folks who couldn’t even afford to buy a pot. They ‘didn’t have a pot to piss in’ and were considered the lowest of the low.”

Still learning something new every day! W00ps guess this was wrong.

https://www.snopes.com/fact-check/one-for-the-roads-scholar/

Still didn't know the origins though.

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[jojo69]

"not your keys, not your bitcoins". Never forget.

.

[theforceht]

lul

[jojo69]

is that one nocoiner taking a selfie?

prescient

[yefi]

is that one nocoiner taking a selfie?

prescient

He seems to be pulling down his loincloth and exposing his briefs as well #lowrider

[JayJuanGee]

No way that poop patrol will work...

Remember a while back when San Fransisco was famous for being a hotbed of homosexuality ?

Now it's becoming famous for being a hotbed of feces, and many centrist and right-leaning gays have fled the place entirely.

It took what ? All of a decade to transform into a literal shit-hole ?

Sad.

right leaning gays sounds like an oxymoron

[Elwar]

right leaning gays sounds like an oxymoron

I'd say that a strong minority among right wingers are closet homosexuals. Like so far in the closet that they want to pass laws to control their own urges.

[JayJuanGee]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

thanks, good read.

ING International Survey (sample size: 14,828, source)

    66% of Europeans, 57% of Americans and 70% of Australians have heard of cryptocurrency.
    25% of Europeans, 21% of Americans and 15% of Australians expect to own cryptocurrency in the future;
    9% of Europeans, 8% of Americans and 7% of Australians currently own some cryptocurrency.

Global Blockchain Business Council Survey (sample size: 5,761, source)

    6 out of 10 Americans have heard of Bitcoin.
    Note: This is more than 2x that of a similar survey conducted in 2013

Bank of Canada Survey (sample size: 1,997, source)

    Roughly 2/3 of Canadians have heard of Bitcoin
    Less than 3% of Canadians own any Bitcoin

Those damn Canucks always behind the curve!

Or maybe they know how to properly do a survey.

There's no way in hell almost 10% of europeans or americans already hold any Bitcoin. No.Fucking.Way.

The non-specificity of several of these kinds of polls frequently raises a lot of question about who the hell is answering and what are the specifics?   

The seeming fact that less than 1% of the whole world have any kind of meaningful bitcoin adoption tends to show that even the concept of "heard of bitcoin" will likely show that they have hardly any clue about what bitcoin actually is.  Accordingly, you can "hear" about something and not really know what it is.

I have been studying bitcoin for a few years, and I have quite a few difficulties with bitcoin.   In about November /  December, i had a "friend" who was seemingly desperate to get into bitcoin, and really wished to own a whole bitcoin.  At least, she kind of took my advice about dollar cost averaging rather than going in really deep in the supra $10k price territories.  She followed a bit of my advice (partly) and dollar cost average acquired bitcoin for several months, and then she kind of gave up.  In about April/May she was a bit despondent about Bitcoin and said something about her average cost per bitcoin being around $9k, but she had only acquired around .7BTC.   

A few times later, I asked her if she had bought any bitcoin while it was in the $6k to $7,500 price arena, and she kept coming up with excuses, and then a few days ago, she showed me that she had acquired 1 bitcoin.  She did not give me details, but I am presuming that she mostly bought in the sub $7k price arena.  And, also during that same conversation, she saw that I had opened up my zero block app on my phone, and sh asked me what was block time and what was hash rate, and when I attempted to explain, she said that there has to be a better way of explaining because she really does not know what I am talking about. 

My mom had asked me some similarly naive questions a couple of years back, and I realized that her investing into bitcoin did not really mean that she had any kind of meaningful clue about bitcoin except that I was recommending that she dollar cost average into it and to HODL it.

Part of my point here is that normal peeps don't really want to learn about bitcoin or to understand it, even if they might be investing into it.  Another part of my point, here, is that a lot of people likely have little to no clue about bitcoin, even if they have heard about it, and part of the evidence of their lack of understanding is that the global adoption seems to remain quite below 1%. and even many who actually "invest in bitcoin" are largely dabbling with quite a bit less than 10% of their investment eligible capital (to the extent that anyone has a practice to save enough to maintain some kind of investment portfolio).

[JayJuanGee]

Whales waiting for ETF in September anyway they'll try to pump as usual, hoping for the average Joe to buy because every news channel will talk about the rise of BTC, a scenario we've seen countless of times.
We will see pumps 2 or 3 times in September, and if the ETF is accepted it should be epic  

I can see Andreas's explanation that an ETF is bad for Bitcoin.

The premise being that the ETF holding company would be in possession of a huge amount of bitcoins, which would make them a big decision maker when it comes time for things like forks and such. Exchanges already hold a large amount of sway because of this. An ETF would just add to this.

And of course, his final point was "not your keys, not your bitcoins". Never forget.

Link or it didn't happen.   

[Elwar]

Here it is, Sunday night in Tahiti. What does one do with your time in such a paradise?

My gf and I are literally both calling our banks to get our accounts unlocked due to bitcoin.

Her calling Thailand, me calling Germany. Via Skype, in French Polynesia.

Such is the life of a bitcoin hodler.

I just want to get my money out of my German bank into BTC so I can close the account.

[HairyMaclairy]

No matter how good your opsec is, the more you interact the bigger the probability of leaking some critical data that could turn valuable by cross-checking with other available data.

ie: even if you removed the critical exif data in this case (gps location) from the original picture you still forgot to re-scrub the files after cropping. In this case it is useless to know that you used an Apple device (it could be pinpointed to the exact one, but I am too lazy to carry on a profile comparison) to edit/crop the picture, but it could have been something more critical and worth following in other cases.

Yeah I’m definitely not opening a dark net market. 

[Elwar]

Whales waiting for ETF in September anyway they'll try to pump as usual, hoping for the average Joe to buy because every news channel will talk about the rise of BTC, a scenario we've seen countless of times.
We will see pumps 2 or 3 times in September, and if the ETF is accepted it should be epic  

I can see Andreas's explanation that an ETF is bad for Bitcoin.

The premise being that the ETF holding company would be in possession of a huge amount of bitcoins, which would make them a big decision maker when it comes time for things like forks and such. Exchanges already hold a large amount of sway because of this. An ETF would just add to this.

And of course, his final point was "not your keys, not your bitcoins". Never forget.

Link or it didn't happen.   

https://www.youtube.com/watch?v=9BdO396PIZw

[jbreher]

a lot of people likely have little to no clue about bitcoin...

Yeah, well...

Most 'merkins think they 'know' what a US dollar is, but in reality, they have no clue.

[JayJuanGee]

a lot of people likely have little to no clue about bitcoin...

Yeah, well...

Most 'merkins think they 'know' what a US dollar is, but in reality, they have no clue.

Isn't that a slightly different point - concededly a related point, but different?

I think that my long story post was attempting to suggest that there are a lot of bitcoin (and perhaps even crypto - though I am less interested about that) polls out there that try to suggest that they are polling people about bitcoin awareness and use, but really it seems to me that there is a need to go into some granularity before we really even begin to understand what is being polled exactly and the meaningfulness (or lack thereof) regarding the various responses to the poll.

[Micky25]

Here it is, Sunday night in Tahiti. What does one do with your time in such a paradise?

My gf and I are literally both calling our banks to get our accounts unlocked due to bitcoin.

Her calling Thailand, me calling Germany. Via Skype, in French Polynesia.

Such is the life of a bitcoin hodler.

I just want to get my money out of my German bank into BTC so I can close the account.

Would you mind to elaborate what happend?

[HairyMaclairy]

Looks like Peter R has better things than to come here and extol the virtues of Bcash lol.  

[HairyMaclairy]

Wtf.

Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens even as the country struggles with the greatest hyperinflation on record, surpassing even that of the Weimar Republic.

As a result of the enacted actions, the new version of the bolivar will be pegged to the value of the state cryptocurrency, the etro, which according to Bloomberg amounts to a 95% devaluation of the official rate, and will trade in line with where the black market was; the government will also raise the minimum wage more than 3,000 percent,  which works out to about $30 a month.

https://www.zerohedge.com/news/2018-08-19/venezuela-chaos-after-maduro-announces-massive-95-devaluation-new-fx-rate-tied

[mindrust]

Looks like Peter R has better things than to come here and extol the virtues of Bcash lol.  

WoW This post alone made it very clear how dangerous these satoshi's vision cultists are.

And I know some of you are big fans of anonymint but he is a fucking cultist just like Craig and Roger. Maybe a little smarter than them but he is still a cultist.

Just like everybody thinks their god is the one true god or religion  every one of these retards (Craig, Ver or anonymint) thinks their vision of satoshi is the real one.

They are retarded because it doesn't matter what satoshi 's vision was now.

He is gone. He left the project.

They don't want to understand that fact and act accordingly to the reality but instead they want to act like lunatic priests of a satanic religion.

Unbelievable.

[Elwar]

Here it is, Sunday night in Tahiti. What does one do with your time in such a paradise?

My gf and I are literally both calling our banks to get our accounts unlocked due to bitcoin.

Her calling Thailand, me calling Germany. Via Skype, in French Polynesia.

Such is the life of a bitcoin hodler.

I just want to get my money out of my German bank into BTC so I can close the account.

Would you mind to elaborate what happend?

Meh, gf sells BTC on localbitcoins. Nigerian scammer took some old woman's money by "making her" send money 17 times to 10 different bank accounts (LBC users). My gf was one of those LBC users. The police flagged all of the accounts until they could figure out what happened. They finally cleared her but the bank still has her account locked.

For mine...it's been a long time issue with Germany's screwed up system.

[Elwar]

Wtf.

Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens even as the country struggles with the greatest hyperinflation on record, surpassing even that of the Weimar Republic.

As a result of the enacted actions, the new version of the bolivar will be pegged to the value of the state cryptocurrency, the etro, which according to Bloomberg amounts to a 95% devaluation of the official rate, and will trade in line with where the black market was; the government will also raise the minimum wage more than 3,000 percent,  which works out to about $30 a month.

https://www.zerohedge.com/news/2018-08-19/venezuela-chaos-after-maduro-announces-massive-95-devaluation-new-fx-rate-tied

From what I've seen discussed about Venezuela's cryptocurrency is it's a cryptocurrency in name only.


https://en.wikipedia.org/wiki/Petro_(cryptocurrency)


Crypto on NEM that is supposedly set to the price of a barrel of oil.