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

[El duderino_]

i'm not for the FORK shit but this one is funny LOL

they still have time to give us some meme's, but i will love the time when BTC is gonna vanish the shitcoins

[jbreher]

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Yes.  What a coincidence.  Go figure.

Even more provocative - ABC seems to be kept alive due to a black_hat/white_knight act of Roger. He has redirected 4 EHash of power on the Bitcoin.com pool from BTC to BCH.

Spicy!

[JayJuanGee]

Jihan moved 300k bCash to an exchange. Seems he's selling it for BTC..lol.

Link or it didn't happen.   

[El duderino_]

Jihan moved 300k bCash to an exchange. Seems he's selling it for BTC..lol.

Link or it didn't happen.   

www.Jihanmoved300kbCash.com  :p

[Yaplatu]

BTC no rebound, ok

[Last of the V8s]

What if Jihan was the actual Sith Lord and is shadow mining bch SV?
Or has a kill switch on the miners he sold to Craig.

[El duderino_]

BTC no rebound, ok

[JayJuanGee]

Waiting for my SEPA to come through so I can buy more coins... Really hope we don't go up anytime soon... Promise me you guys won't moon without me. PROMISE ME.

We not going to wait any longer.

You have had more than 9 months to prepare ur selfie for this kind of situation.


Tough love.   

[Last of the V8s]

he lives from hand to mouth? only just got his fiat?
think first, jjg, blabber later.

[JayJuanGee]

Looks like a lot of bullshit, and also misleading to equate "power" to miners and mining.  We already learned from the UASF that power in bitcoin (likely also to be true in bcash) is more distributed than just miners being able to dictate outcome, and the most powerful players, overall are the users.. so they can play their little games and try to suggest that miners are all powerful, when they do not have as much power as the misleaders like to propagandize to be the case.

All the UASF did was give the miners motivation to do what the users wanted. If most of the miners decided to ignore it, the UASF would not have gone anywhere. A chain on the Bitcoin Blockchain cannot advance without at least a few miners cooperating. It also testifies to the fact that although some people complain that BTC mining is overly centralized, none of the miners were willing to risk that they would end up being a lone wolf and have their blocks orphaned. It is clear the miners are still in a healthy competition rather than colluding with one another.

Maybe that is part of my point?  You are not going to get 100% of the miners, and even if you get 51%, then what?  Rules are going to change based on 51%?  I don't think so.  In other words, the true resilience of users versus miners has NOT been tested out, yet, and miners did not want to go there.. like you said, which kind of supports my point that incentives are aligned in such a way that the costs of deviating from users may well be way too much for the miners to attempt to test out.

[JayJuanGee]

he lives from hand to mouth? only just got his fiat?
think first, jjg, blabber later.

Look at you V8...

Want to battle over nonsense.  I made my point, and you devolve into largely non-substantive white-knighting baloney talk.    

[Last of the V8s]

fag

[El duderino_]

[HI-TEC99]

Hitbtc has markets for BCH, BCHABC, and BCHSV. How does that work? Why the BCH market when it's forked?

[JayJuanGee]

he lives from hand to mouth? only just got his fiat?
think first, jjg, blabber later.

Look at you V8...

Want to battle over nonsense.  I made my point, and you devolve into largely non-substantive white-knighting baloney talk.    

fag

By the way, since you already responded to me with the above one-word gibber-jabber, I am going to let my earlier post stand, which I also quoted above.  

However, just to remind some folks of actual decent points that shroomskit used to make, over and over (would have been 2014 timeframe.. before his ragequit.. remember "cumrags"... hahahahahaha?  ..  

His thematic response to praising the BTC price to go down whiners was something like: "ok, so you want all of us to wait around for you to buy .1btc, and the whole BTC price to crash, just because you want to add a bit of BTC to your stash."    

Of course, shroomskit used different words and variations in order to make such a seemingly valid point(s).. and your retort, V8, and seeming inclination towards white-knighting does not seem to even come close to considering reality beyond some pent up emotions that you seem to be feeling.  

[realr0ach]

And Micgoosens goes full retard while ignoring the fact there's 1/4th as much above ground physical silver right now as the 1980's.  Where's your supposed "omg too much inflation in metals" charts for that one micgoosens?

[El duderino_]

Gold is getting old ......

I was just timing to see how quick you would respond.... took few seconds or something :p

[JayJuanGee]

Same problem as always.

Long term the price of 5,5k is still VERY good.

But if you bought at the end of last year (or even this year) this does not help you very much ....

Who gives a shit about those people hypothetical people you are describing if they are so dumb to FOMO invest and then take no further action.. and just sit and whine.. whoa is me?

Individuals need to figure out a longer term plan rather than just pumping in a bunch of money and expecting richie in a short period of time thereafter. 

That's part of the secret and part of the taking of personal responsibility over your own investment strategies and actions including how much you invest and when and other related management and maintenance strategies.

We should all be concerned about those types of people, mainly because they will be the ones that will be buying our coins when BTC goes above $100k. So yes, be concerned about more FOMO individuals during the next ATH rise and above. Don't be concerned that they lost money by buying high and selling at a loss, but be there to buy their cheap coins take them off of their weak hands.

Of course, there are some people out there who are begging for their money to be taken from them.  I doubt that phenomenon is going away any time soon.

After a lot of the hoopla.. and even proclamations that bitcoin is mature, we continue to have less than 1% of world adoption of BTC - and likely even if we expand such study into other cryptos, so there surely is a lot of dumb money out there that will engage in a lot of dumb buying and selling actions.

I don't mind being concerned about them in a kind of help them to get better way, but some folks seem to want to get caught up in either protecting such folks or suggesting that they were damaged in some kind of way because of bitcoin's price performance, which is far from the truth especially when referring to market movements that are in the realm of extreme expectations - especially in an early stages market (we are no where near mature), and there is no fraud or anything like that going on in terms of market momentum dynamics.  So peeps who bet wrong, are just gonna have to suffer or perhaps attempt to learn better strategies.

[El duderino_]

Now you say something

I Will go into the HODLcave and call it a night
The misses is there already 

[realr0ach]

As for metals supply, metal supply in practice is just arbing excess energy in the form of mostly diesel petro.  If you've looked at any energy quants lately, you would notice western civilization has peaked in energy output for many years now, and we're also entering thermodynamic collapse of oil extraction from taking all the low hanging fruit first.  Meaning even if you only used 1/2 the world's oil and there's still 1/2 left, it's still possible for the energy cost to extract the rest to be higher than what you'd get from it making it unfeasible and pointless.

In other words, expect continuously shrinking metals production since available energy is decreasing/peaked, while gold and silver grams per ton of earth sifted is shrinking insanely fast at the same time.  I forget the latest timespan, but I think it was something like needing to move twice as many tons of earth to get the same amount of metals in only 8-10 years or so.  And you didn't think metals had halvings.  Metals actually have double halvings because shrinking energy supply is cumulative with shrinking quantity per ton of earth.