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

[Arriemoller]

You all know that I have been dismissive of grin, however in the wee ours of the morning after I wake up but before I get out of bed I usually do some of my best thinking and contemplation.

And this morning I was contemplating grin and its constant and never ending supply versus its price.
And I came to the conclusion that it might actually work, but there are some big ifs.

If grin takes of  and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.

Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.

As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.

If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)

The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.

And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.

A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.

Ok.... fair enough that you have some kind of supposed intellectual enlightenment in regards to grin, but why you be pumpin that shit here?



 

I took you of ignore a couple of hours ago just to see if you had improved. You have not, so back on ignore you go.

[1713403220]

1713403220

[Hueristic]

I don't suggest rubbing vicks vaporub on your dick. #DYOR

I use it as lube sometimes.

* BobLawblaw shrugs

https://media3.giphy.com/media/l0IygPWqSYguuSbPa/giphy.gif?cid=19f5b51a5c5321b952436443512e7001

Well, if you want me to get technical with you, I'd use Preparation H as lube, for that.

Shit, you just reminded me I did that once in the 80's.

It was a chick though.

[Arriemoller]

If grin takes of  and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.

Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.

As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.

If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)

The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.

And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.

A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.

Why don't you mine some? It's fun to learn and all you need is a GPU card or two plus the rest of PC (CPU, memory, SSD, motherboard, powersupply).
I am not sure that price would be very low as VCs are mining it (invested at least $100mil).
Mining is much less risky than buying outright.

Sorry, plucking my favorite parts of your post...

I also think that bitcoin being a store of value and grin being spendable (inflationary, but less and less in %% going forward) could be a good combo like checking (grin) and savings/investment (bitcoin) accounts.

I have no equipment and I'm not that interested in computer stuff. I'm one of those guys that resisted computers for a very long time, I bought my first computer in 1999 and if the unemployment office hadn't sent me on a computer course it would have taken at least another 4-5 years before I had bought a computer.
I was gonna try and mine BTG, but the computer I was gonna use for that crashed and I have no other spare computer. And, as I said, I have no interest. I got interested in bitcoin for political and economical/s reasons. It sounded like sound money and as a nice side effect it would make you rich.

[infofront]

Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.

[JayJuanGee]

[edited out]

I took you of ignore a couple of hours ago just to see if you had improved. You have not, so back on ignore you go.

It was so precious of you to make that assertion, little flower.   

[Hueristic]

Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.

I've been spending an inordinate amount of time trying to get pci passthrough working the last few months on VM's. I'm also hooked on my old games and was playing hereo's 3 the other day. Once I get the vid cards working through VMs Winblows gets regulated to perm VM territory. That or if ReactOS ever gets done.

[nutildah]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

BitCHcoin holding up so well 'cause she's a real BitCH!

It's the bastard son of Bitcoin. The Jon Snow of cryptocurrencies. The one that came back from death.

... But the winter is coming.

Strictly speaking, bitcoin with segwit is the bastard child because segwit introduces changes to the code that dramatically alter the way it works. Bitcoin cash is more like your purebred, a continuation of the line with minor changes to improve performance. That's not to say that a good cross-breed won't outperform a thoroughbred however. That remains to be seen 

This guy hasn't posted in over a year, but he logs on every day and currently has the record for most time logged in to the forum -- by a longshot, too. Wonder what it would take to get him out of retirement.

[nutildah]

https://www.reddit.com/r/Bitcoin/comments/6cjcrx/according_to_guy_corem_ex_spondoolies_ceo_there/

someone else is excited too.

Jihan WU is in New York, this might be a very special day if they reach a compromise. It looks like it 

Let's hope it's a true compromise. Something like Segwit with BIP100 (or similar) would ensure this clusterfuck is far less likely to occur in the future. A very conservative system to increase the base blocksize over time, and Segwit to get lightning networks rolling. That's what I think should happen, but I'm bound to be wrong 

He was absolutely right about this, too.

[BTCMILLIONAIRE]

god damn

all this seeking incremental improvements in my condition gonna get me to the chiropractor

Sounds like you deserve less back pains if you choose to follow through. Sure would be nice if you got to skip the walk/ride though.

[BTCMILLIONAIRE]

this one is also funny.

Those fingers aren't real are they?

[jojo69]

Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.

Steam on Linux has come a long way

[BTCMILLIONAIRE]

next 24 months are critical!!!

Actually you are so right. We might have next financial crisis in that period of time and no one have clear answer how Bitcoin will react to it.

Who is to say that bubbles don't follow an exponential trend on some scale (beyond the usual market cap shenanigans)? More humans, more money (thanks CBs) faster communications, faster and larger bubbles.

Inb4 Bitcoin goes to >>10m per coin in the most frenzied bull run in human history. Then it crashes back to some sensible levels. And then it'll come out as the global reserve currency.


Now that would be a fun ride. And not entirely implausible either, albeit only with an ε probability of playing out.

[HairyMaclairy]

Well that certainly would be fun. 

[BTCMILLIONAIRE]

Satellite to received Bitcoin data 🤣


https://twitter.com/notgrubles/status/1091011511961731073/photo/1

Would those things be more secure than using your normal (or dedicated) internet connection?

[jojo69]

abort all fetuses, conception is murder

[HairyMaclairy]

I have to say this looks really ugly, the way that volume is just dropping off as we drag ourselves along just above the 200WMA.  The volume oscillator below shows how volume is dropping away.  

We are going to have a bit of an explosion, either up or down, or both, by mid April, and probably much sooner.  



This is the bullish scenario, which has us forming a series of new bear lines as we break sideways.



The bearish scenario has us getting trapped somewhere under the 200WMA as forecast by Murad.

[Wekkel]

You all know that I have been dismissive of grin, [...]

And I came to the conclusion that it might actually work [...]

Same goes for the issue scheme of Devcoin. Too bad this old timer does not get the love it was envisaged for.

[rebal15]

Coinbase does suck, they screwed me over on selling at the top. They have been as corrupt as they come as well.

Me too(@$18,500), but not alot luckily.

Still use Winblows 7 myself fuck M$.

I switched over to Linux completely about 8 months ago. The only thing keeping me on Windows was my gaming habit, but I can play nearly anything on Linux now.

Linux is not an OS, Redhat is.
I switched to windows 7 since NSA is tracking all linux based OS user by reading HTTP headers.

[Lambie Slayer]

Looks like our next President may be a wonderful Bitcoin loving Jewish Billionaire


All the usual suspects are starting the same cycle that led to Trumps victory in 2016.


https://www.wired.com/story/howard-schultz-twitter-ratio-king/

This guy gets hated on in his twitter replies at a higher ratio than Trump.



Liberal comedians are already roasting him at full speed on late night talk shows.

https://www.cnn.com/videos/entertainment/2019/01/30/late-night-laughs-trump-ceo-starbucks-schultz-newday-vpx.cnn


MSM quickly branding him as rich and out of touch
 
https://www.esquire.com/news-politics/a26074426/howard-schultz-independent-centrist-2020-trump/



Media already implying he is a racist

https://www.coworker.org/petitions/starbucks-be-part-of-a-real-solution-for-racial-equity




Nate Silver and his team of pollster stat quants are opining on how he has almost no chance to win

https://fivethirtyeight.com/features/why-is-howard-schultz-getting-so-much-2020-attention/

natesilver: I guess if we want to distinguish a 1 percent chance or a 0.1 percent chance from a 0 percent chance, then sure, he “has a chance.” But, I dunno, is Schultz more likely to win the presidency than Pete Buttigieg or Tulsi Gabbard? It’s probably pretty close. And Buttigieg and Gabbard aren’t being booked on every television network.


He is the candidate our Bull market deserves.

[BTCMILLIONAIRE]

MSM branding anyone as rich and/or out of touch is just hilarious.