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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 19 (19.8%)
1-10% - 11 (11.5%)
11-20% - 12 (12.5%)
21-30% - 15 (15.6%)
31-40% - 4 (4.2%)
41-50% - 10 (10.4%)
51-60% - 7 (7.3%)
61-70% - 5 (5.2%)
71-80% - 3 (3.1%)
81-90% - 2 (2.1%)
91-99% - 0 (0%)
100% - 8 (8.3%)
Total Voters: 96

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21780989 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. (147 posts by 36 users deleted.)
Biodom
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January 12, 2019, 06:50:41 PM

I surrender to the "hat-cult"  too Grin.
Made an avatar (for the first time).

If xhomerx10 will feel like making a hat, it would be nice. Thanks.
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JayJuanGee
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How much alt coin diversification is needed? 0%?


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January 12, 2019, 06:50:59 PM

According to coinfairvalue, Bitcoin should be at $7415 right now.
https://www.coinfairvalue.com/



I was going to give you a merit for providing this source, yet when i reviewed the other coins assessed by the source, I see that a very large majority of the other coins listed therein are currently greatly undervalued based on their "utility" criteria. 

Accordingly, even though there is some interesting described values contained therein, gotta take the whole matter with a considerable grain of salt because my overall consideration is that if you give a lot of weight to sound money, then the utility of bitcoin should become immensely distinguishable from almost all other coins on that they list on that site.
VB1001
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January 12, 2019, 06:51:16 PM

All the news of advances for Bitcoin are nice.

But in LN some actors are entering the game ...,of dubious origin, banks, institutions, startups, supported by the same. Roll Eyes

This as news is fine, you do not have the coins immobilized in LN waiting.

Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

https://bitcoinmagazine.com/articles/bitrefill-channel-opening-service-makes-accepting-lightning-payments-easy/

I would be very glad to have banks joining Lightning Network. That would be great news. This may sound impopular, but I have my reasons to think that would have a great outcome for all hodlers.


I do not know, I'm starting to have my doubts.

I'm radicalizing to the hard core. lol

I have even been accused in the past to be a "big blocker" supporter because I said I was in favor of a moderately increase of the blocksize (ie Segwit2x but absolutely against BU). At the same time I was absolutely pro Segwit and LN. Now I will probably be accused to be a bank shill when nothing is far from reality.

I just want what I think it will be best for the success of Bitcoin and all the people that have their money where their mouth is (ie hodlers).

I might be wrong though. Fortunately I am noone and my opinion means shit.

This is like going to the dark side. Grin
(It's a joke)
bitserve
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January 12, 2019, 06:54:26 PM

All the news of advances for Bitcoin are nice.

But in LN some actors are entering the game ...,of dubious origin, banks, institutions, startups, supported by the same. Roll Eyes

This as news is fine, you do not have the coins immobilized in LN waiting.

Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

https://bitcoinmagazine.com/articles/bitrefill-channel-opening-service-makes-accepting-lightning-payments-easy/

I would be very glad to have banks joining Lightning Network. That would be great news. This may sound impopular, but I have my reasons to think that would have a great outcome for all hodlers.


I do not know, I'm starting to have my doubts.

I'm radicalizing to the hard core. lol

I have even been accused in the past to be a "big blocker" supporter because I said I was in favor of a moderately increase of the blocksize (ie Segwit2x but absolutely against BU). At the same time I was absolutely pro Segwit and LN. Now I will probably be accused to be a bank shill when nothing is far from reality.

I just want what I think it will be best for the success of Bitcoin and all the people that have their money where their mouth is (ie hodlers).

I might be wrong though. Fortunately I am noone and my opinion means shit.

This is like going to the dark side. Grin
(It's a joke)

I have my rationality and I know it is pure and unbiased. No matter how impopular it might sound to some. As I said I do accept that I might be wrong though... no matter how much convinced I am in my thinking.
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January 12, 2019, 06:54:43 PM

Meanwhile, r0ach is evading the elephant in the room:

Can banks create Bitcoin out of thin air?

Sure, Bitfinex probably does it all the time.
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January 12, 2019, 07:00:59 PM

Felt like dropping by to say ..........

Figured that we would not so easily get rid of a fucktwat like you.

Fits with the typical troll/shill pattern.... promises going away or "this is my last post" but never leaves.



Lambie slayer needs a troll slayer....




hahahahahaha
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January 12, 2019, 07:06:19 PM

My question is can you or anyone else give me their best argument as to why the bottom is in or not.

From my perspective, your question is inappropriate useless.

Bitcoin is a new emerging asset class, in the initial throes of price discovery. To attempt to time this market is madness. Price goes up; price goes down - you can't explain that. All we really know is:
1) whether or not the world knows it or not, it needs a permissionless uncensorable form of money free from the whims of central planners; and
2) a vanishingly small percentage of the world has yet awaken to postulate 1).

From these two, we can conclude that the long term trend is up, and will remain so until such time that the world at large is onboard.

Ignore the noise. Buy today all you can conceivably afford to lose. Hodl on.

Pit pat piffy wing wang wong.

Bear waxes bullish..  Set defcon3.   Reluctantly issues +1 WOsMerit..


-----------
bitcoin

The market still feels at odds to me. The sentiment is high now but the trend is still downwards. This has led to a shallow channel over the last couple of days.

On the hourly it appears we will continue to trade downwards and sideways.
1h


Thing's are not so clear further out. Its hard to judge if the cloud has already taken into account the bart sell off we just experienced. My gut is telling me that longs have not been squeezed enough nor has the bottom been tested thoroughly enough yet. Do your own research.
3h

#stronghands'19
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January 12, 2019, 07:08:03 PM
Merited by xhomerx10 (1), DeathAngel (1)

Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

 The average word length for BIP39 seeds is 6.4 characters according to my extensive-1 sample. (10 lines)

Some definitions and assumptions:

  • The standard character size for text is 12 DTP-Point (abbreviated pt.)
  • ONE pt. = 1/72 of an inch
  • Twenty-four seed @ average word length of 6.4

 Calculation:

24 (words) X 6.4 (chars/word) X 12 pt X 72-1 in./pt. = 25.6 inches

Conclusion:

 Seed word tattoo is split into two lines

hahahaha


More details.

Average erect penis size about 5 inches, so there may be cases in which more than 5 lines are going to be needed.  Will it fit?  Might not be a practical solution for the average guy?
rebal15
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January 12, 2019, 07:08:12 PM

Meanwhile, r0ach is evading the elephant in the room:

Can banks create Bitcoin out of thin air?

Sure, Bitfinex probably does it all the time.

Now that they are moved to a militarily secure place, they can do whatever they want.
I TRUST bitfinex because it is my oil well.
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January 12, 2019, 07:19:58 PM

I surrender to the "hat-cult"  too Grin.
Made an avatar (for the first time).

If xhomerx10 will feel like making a hat, it would be nice. Thanks.

 I would be honoured to make a hat for you. Actually, I had already pre-emptively crafted a biodome themed hat (not the Pauly Shore movie!) for you but I wasn't sure that was the idea behind your name.  Seems it might have been so I'll look through my unpublished work to see if I can find and modify if for your avatar; if not, I'll start again.  Smiley
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January 12, 2019, 07:36:01 PM

Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

And so it came to pass, that partial reserve schemes were grafted onto the back of the Bitcoin network.

predicted. some time ago.
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January 12, 2019, 07:40:52 PM
Merited by jbreher (1), infofront (1)

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January 12, 2019, 07:41:06 PM

My question is can you or anyone else give me their best argument as to why the bottom is in or not.

From my perspective, your question is inappropriate useless.

Bitcoin is a new emerging asset class, in the initial throes of price discovery. To attempt to time this market is madness. Price goes up; price goes down - you can't explain that. All we really know is:
1) whether or not the world knows it or not, it needs a permissionless uncensorable form of money free from the whims of central planners; and
2) a vanishingly small percentage of the world has yet awaken to postulate 1).

From these two, we can conclude that the long term trend is up, and will remain so until such time that the world at large is onboard.

Ignore the noise. Buy today all you can conceivably afford to lose. Hodl on.

Pit pat piffy wing wang wong.

Bear waxes bullish..  Set defcon3.   Reluctantly issues +1 WOsMerit..

Quite being so speciest. I've always been bullish. Publicly, even.

Thanks for the merit. Smiley
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January 12, 2019, 07:51:40 PM
Merited by JayJuanGee (1)

I can think of at least one strong reason why satoshi would like to sow doubt about his existence.

So in your example of a possible scenario he (Satoshi) would come out and pretend to be a total dick to not be outed properly as a genius?

Or perhaps satoshi is a total dick. I mean, why not?

As I recall, the initial outing was not uttered by CSW.

Yes he did, he told various people 'in confidence' and left clues lying around in the hope they would be picked up.

https://www.newyorker.com/business/currency/bizarre-saga-craig-wright-latest-inventor-bitcoin

A particularity dickish thing to do.
El duderino_
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January 12, 2019, 07:57:18 PM

via Imgflip Meme Generator

Half way through brothers

Have a good saturday
Enjoy life
Be a coiner

CHEERS

Missing BOB btw just saying
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January 12, 2019, 08:06:30 PM
Merited by kurious (1)

Try "transacting" in gold or silver across the world for a good or service. Tally up all the usury 'middle men' fees for courier services, vault storage fees, customs fees, armored car services, boat, plane, armed guards, whatever. WELL over $1000+ for a single transaction, even way higher depending on the amount of PM $$$ involved. MANY people are profiting off of your transaction and getting rich. And many points along the path to destination where your PMs can go "missing".

Do you even listen to your own deluded bullshit you spew, r0ach?


And what about the spread of PM's.... you buy some gold/silver today and you sell it tomorrow to someone else losing like 20%. And that is in ideal circumstances. WTF?!

I like PM's, they did fill some niche in the recent past, but I don't see them in the future at all or maybe just as a way smaller niche.


if I have a printed code.... with the exact amount of BTC on it
then I could transact just as easy as you with your coin in your hand
.....

All your replies make lots of sense, gentlemen, and we all know they do. Only, the person you address doesn't, or won't ever admit it. What's the use of engaging him on old matters, with old (and valid, I repeat) arguments? We know what comes after that. Rent-seeking validators, joos, decentralization impossible in principle, more ranting. Blacks. Women. Dogs. Spinach. Ok, not dogs and spinach maybe (yet), but you get my point don't you?
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January 12, 2019, 08:10:09 PM
Merited by Wekkel (1)

Bitcoin is a new emerging asset class

Who actually talks like this?  

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January 12, 2019, 08:20:01 PM

I can think of at least one strong reason why satoshi would like to sow doubt about his existence.

So in your example of a possible scenario he (Satoshi) would come out and pretend to be a total dick to not be outed properly as a genius?

Or perhaps satoshi is a total dick. I mean, why not?

As I recall, the initial outing was not uttered by CSW.

Yes he did, he told various people 'in confidence' and left clues lying around in the hope they would be picked up.

https://www.newyorker.com/business/currency/bizarre-saga-craig-wright-latest-inventor-bitcoin

A particularity dickish thing to do.

Jbear

In your opinion, what are the odds that CSW is Satoshi?

I would be interested in you stating in clear terms what probability you consider this to be true?  I appreciate that certain things may be unknowable with present knowledge, but that is why we assign probabilities.  

So please tell us what is your probability that CSW is Satoshi.  
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January 12, 2019, 08:33:00 PM

https://twitter.com/bechillcomedian/status/888448344896544768
My translation of Edith Piaf's "Non Je Ne Regrette Rien".   #paperpuppetry #thanksforwatching
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January 12, 2019, 08:36:02 PM
Merited by cAPSLOCK (1), Wekkel (1)

An exception, but a good article on Coindesk. Written by Adam Draper:

I’m As Certain As Ever – Bitcoin’s Revolution Is Only Just Beginning
https://www.coindesk.com/im-as-certain-as-ever-bitcoins-revolution-is-only-just-beginning
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