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

[jbreher]

even with all the relative information pain about how "rich I used to be,"

Well, yeah. We didn't perfectly time the exit*. I continue to maintain that the tops and the bottoms are largely uncallable. Which is why we hodl.

I still can recognize and appreciate that my BTC holdings are still in a very positive territory - even looking back 2 years ago. 

^^^ This is the critical bit. Having been trough several blow-off tops, each subsequent one an order of magnitude greater than the last. Which -- again -- is why we continue to hodl.

pit pat piffy wing wong wang.

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[Ibian]

Should people and animals suffer so some twat can make a few more dollars?

Not people, and I don't know where you get that from, but animals certainly if it could somehow improve the meat, yes.

That is what lambs for the slaughter means. They only exist because we are going to eat them. Their well being is not of importance in itself. If we didn't eat meat, they would not exist in any appreciable quantity if at all.

You still engage in selective reading and cherry picking. Not sure taking you off the ignore list was the right move. Posts in response to you seem like a complete waste of time.


My post.

Still don't see it. I have been saying the whole time that quality is a priority. Where do you see people suffering?

[jbreher]

https://mybitcoinnews.co/cryptocurrency-news/winklevoss-gemini-completes-external-security-compliance-examination-with-deloitte/
then again if you trust Deloitte you deserved to be skewered

Tru dat. But the imprimatur of Deloitte gives the pinstriped bandits 'career cover' in any recommendation of Gemini, and therefore Bitcoin at Gemini, and therefore -- to some extent -- Bitcoin.

[Ibian]

even with all the relative information pain about how "rich I used to be,"

Well, yeah. We didn't perfectly time the exit*. I continue to maintain that the tops and the bottoms are largely uncallable. Which is why we hodl.

I still can recognize and appreciate that my BTC holdings are still in a very positive territory - even looking back 2 years ago. 

^^^ This is the critical bit. Having been trough several blow-off tops, each subsequent one an order of magnitude greater than the last. Which -- again -- is why we continue to hodl.

pit pat piffy wing wong wang.

You would not believe the stress my old man is having over my desperate financial situation. Keeps telling me to sell, with no clue what it does to me.

[jbreher]

Another one ?

Crypto Exchange QaudrigaCX Goes Offline, Claims Maintenance Issues

https://cointelegraph.com/news/crypto-exchange-qaudrigacx-goes-offline-claims-maintenance-issues

"Canadian cryptocurrency exchange QuadrigaCX is down for maintenance, according to an announcement on its webpage on Jan. 28. The exchange, which has been wrapped up in legal troubles with the Canadian Imperial Bank of Commerce (CIBC), is inaccessible as of press time.
...
The exchanges users, some of whom have purportedly been unable to access or withdraw their funds for months, took to Reddit and Twitter. One user asked, “Shouldn't you let your customer know before taking it down?” Some users on a Reddit post speculated as to whether the exchange had gone insolvent. One commenter stated, “They will declare insolvency due to an inability to find a suitable bank to host an account and facilitate transfers.”

 Thank you JBreher for giving me the heads up about Jan 3rd proof of keys!  I am still proving and very grateful for the heads up.  I might otherwise have been crying about this news.

You're welcome, xhomerx10. Trace Mayer probably deserves a nod, as I think the entire idea of commemorating the anniversary with this communal Proof Of Keys event was his. I merely reminded the WO community. Of course, fundamentally, the real lesson here is 'Not your keys - Not your Bitcoin'.

Who keeps any suitable amount on these little piss ant exchanges though?

Well, I'd been buying all the way down from $20K. I was surprised to really cogitate upon how much had merely accumulated on exchange due to this activity. I've since put some back in order to re-establish my sell ladder, but not nearly so much as I drew down EOY.

[jbreher]

This should make you happy: (stored on-chain)

https://www.pagereturn.com/715c3c69141d2a810c9b197113630bc4e6ce75a0b4a7047cce4cf1ec32f0f4d0

Awesome explanation I must say!

Let's try this!

Might be difficult with tiny blocks. You may need a more capacious chain.

[jbreher]

which bitcoin credit card do you guys use, can you recommend one?

I have a Shift card. It's not a credit card though - it's a Visa-branded debit card. I don't really use it though. Here in USA, we need to track all use of crypto to buy things as a taxable capital gains event. Which makes using the card a headache.

Hmm... just pulled the Shift card out of the desk drawer. Looks like I don't have a Shift account any longer. Expired 1/19. They didn't contact me to re-up. Maybe because my relative non-use is nothing but a headache for them?

[StartupAnalyst]

More truthful meme...

[Saint-loup]

I don't know if it's a good or bad news for BTC  

Gaza's Ruling Group Hamas Seeks Funding in Bitcoin to Combat Financial Isolation

The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — has appealed to its supporters to send it funds using Bitcoin (BTC). The appeal was made via the official Telegram channel of Abu Obeida, a spokesman for Hamas’ Izz ad-Din al-Qassam Brigades, on Jan. 29.

In his message, Abu Obeida called upon “all lovers of the resistance and the supporters of our righteous cause to support the resistance financially using ‘Bitcoin’ currency,” adding that an exact funding mechanism for transacting the crypto would be announced later. He continued:

“The Zionist enemy is fighting the resistance by trying to cut its support by all means, but the resistance lovers in all the world are fighting these Zionist attempts and are seeking to find all possible support for the resistance."

Abu Obeida’s turn to Bitcoin comes in the immediate context of Israeli Prime Minister Benjamin Netanyahu’s decision to temporarily freeze millions of dollars in Qatari aid — including $15 million a month to pay the salaries of Hamas civil servants — from entering the Gaza Strip, in retribution for a recent flare-up in border tensions between Israel and Hamas.

https://cointelegraph.com/news/gazas-ruling-group-hamas-seeks-funding-in-bitcoin-to-combat-financial-isolation

[bitcoinPsycho]

I don't know if it's a good or bad news for BTC  

Gaza's Ruling Group Hamas Seeks Funding in Bitcoin to Combat Financial Isolation

The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — has appealed to its supporters to send it funds using Bitcoin (BTC). The appeal was made via the official Telegram channel of Abu Obeida, a spokesman for Hamas’ Izz ad-Din al-Qassam Brigades, on Jan. 29.

In his message, Abu Obeida called upon “all lovers of the resistance and the supporters of our righteous cause to support the resistance financially using ‘Bitcoin’ currency,” adding that an exact funding mechanism for transacting the crypto would be announced later. He continued:

“The Zionist enemy is fighting the resistance by trying to cut its support by all means, but the resistance lovers in all the world are fighting these Zionist attempts and are seeking to find all possible support for the resistance."

Abu Obeida’s turn to Bitcoin comes in the immediate context of Israeli Prime Minister Benjamin Netanyahu’s decision to temporarily freeze millions of dollars in Qatari aid — including $15 million a month to pay the salaries of Hamas civil servants — from entering the Gaza Strip, in retribution for a recent flare-up in border tensions between Israel and Hamas.

https://cointelegraph.com/news/gazas-ruling-group-hamas-seeks-funding-in-bitcoin-to-combat-financial-isolation

It's good for hamas

[VB1001]

^
And FUD for Bitcoin.

[jbreher]

xrp news ----> btc pump  
https://twitter.com/lawmaster/status/1090574400984834050

They keep taking about the ripple's tech. Can I ask what tech is it other than being a centralized database?

Well, it's a centralized blockchain. Which suffers the counterparty risk of a centralized database, but has some of the positive aspects -- such as universal auditability -- of a blockchain.

Am I missing something? How is it going to make a difference over SWIfT?

SWIFT is slow, cumbersome, rent-seeking, not universally-auditable, and carries the counterparty risk of its centralization. Reimplementing SWIFT with XRP at its core would eliminate or vastly reduce several of these issues. So yes, you are missing something. The perspective of those entities for which SWIFT provides value - namely, financial institutions.

I mean the shit we get by using SWIFT has nothing to do with its tech at all. We stay away from it because it is centralized.

Sure, we do. But financial institutions? Not so much. So SWIFT isn't for you. Why would you expect it to cater to your desires, when it was built for large financial entities?

So why the fuck they act like ripple is solving a problem?

It is. See above.

Bitcoin solved it already by kicking the centralized shitheads out.

Until Bitcoin grows by a couple orders of magnitude, it is not a solution for the entities that actually use SWIFT.

Am I wrong?

Not wrong exactly. Just looking at the issue from an irrelevant viewpoint.

I mean, I have no need for an airlock. But to claim that 'we've already solved this problem - it's a hinged entry door' does little to solve the astronauts' problem of retaining breathable air within a spacefaring vessel.

[bitcoinPsycho]

^
And FUD for Bitcoin.

Yeah that will make a change

[Globb0]

It's good for hamas

Yeah but who even uses hamas anymore its all nail guns these days

Overstock accepted bitcoin ages ago for diy stuff

[jbreher]

OT: @mic, with sincere apologies, and in the spirit of genuine, friendly, playful humor, I saw this on Twitter, and absolutely LOL'd.

The stuff of nightmares.

OTOH, may lead to the return of nibbling upon loved one's fingers.

[jbreher]

Found this on twitter

Several years ago, I spent one full Bitcoin to buy an assorted handful of Zimbabwean bank notes. Notional value negligible. Lulz value in excess of the twenny bux or so that BTC was worth at the time.

True story.

Do I regret it? Hellz naaaw. Makes for instructive contrast.

[jbreher]

...
Then they fight you
...
?

[Hueristic]

OT: https://www.cnn.com/2019/01/28/tech/apple-face-time-bug/index.html

A bug?? Yeah riiiiight. More like a feature for the surveillance state.  

WAKE. THE. FK. UP. PEOPLE.

But,But, apple is safe!

[jbreher]

It's good for hamas

Yeah but who even uses hamas anymore its all nail guns these days

Overstock accepted bitcoin ages ago for diy stuff

Hey - can you hand me that there hammerfour?

[El duderino_]

The internet didn't have the internet to fuel its adoption.
But guess what does?
Bitcoin.

Bitcoin isn't so much as a get-rich-quick scheme, rather that fiat is a get-poor-slow scheme

https://twitter.com/AlecZiupsnys/status/1090684506535849985