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

[bitserve]

it's much more about the mesh network stuff, keeping the chain size down. the fee market problems are way off
i agree it's early even for that former though

I have yet to see a convincing argument that the current system is broken.  It’s all pie in the sky stuff.  

Lighting will keep the chain size down.  Just give it a chance.

I don’t think we need to worry too much about this at this point either.
I appreciate the forward thinking but believe that we need to allow BTC to mature before we look at doing anything with block sizes which might further jeopardise BTC’s adoption.
Give LN a chance to get further established and see where we are at a bit further down the road.
Who knows, someone might come up with a better idea than reducing block size to incentivise miners?

If miners go out of business due to block reward reduction, then that's down to their poor planning. It's not like the reductions and the timing of them hasn't been clearly laid out 10 years ago.

If miners do not earn enough to sustain their business, then the less efficient ones close until the point the remaining ones survive. If miners think they need additional fees they can raise them.... until a point where other more efficient miners establish them lower and get all/most the business.

I suppose offer and demand is not explained in computer science degrees?

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[Biodom]

Not sure what to make of it.
Does he think that it is over already?
If not, than there was no event like the blowup of two Bear Stearns hedge funds (in 2007) yet.
We shall see.

[LFC_Bitcoin]

Wonder what the chances of breaking $4,000 this week are?

I think when we finally get above $6,000 again (whenever that is) we can call that the very early beginning of the next bull run. I think we’ll break $6,000 towards the end of 2019. It’d be great if we climb slowly towards that figure. I’d love to be able to buy another 4 or 5 bitcoin’s before it gets to the stage where it might be unaffordable to buy whole one’s again.

As usual gentlemen please make sure you’re accumulating now. These prices will be laughed at in a couple of years. Total once in a lifetime opportunity now to set yourselves up forever as financially comfortable.

Go BTC Go !!!!!!

Edit - BTW, I’m sorry for being disloyal gentlemen but I bought some GRIN a couple of hours ago.

[Biodom]

Wonder what the chances of breaking $4,000 this week are?

I think when we finally get above $6,000 again (whenever that is) we can call that the very early beginning of the next bull run. I think we’ll break $6,000 towards the end of 2019. It’d be great if we climb slowly towards that figure. I’d love to be able to buy another 4 or 5 bitcoin’s before it gets to the stage where it might be unaffordable to buy whole one’s again.

As usual gentlemen please make sure you’re accumulating now. These prices will be laughed at in a couple of years. Total once in a lifetime opportunity now to set yourselves up forever as financially comfortable.

Go BTC Go !!!!!!

Edit - BTW, I’m sorry for being disloyal gentlemen but I bought some GRIN a couple of hours ago.

Watch out for the day when 1BTC exceeds 1BRK-A.
That would be a cause for celebration.
What are our chances within the next 10 years?
re grin; if Charlie would be able to incorporate that tech into ltc, I say that chances are better than even that it would be incorporated into btc (at some point, maybe as a sidechain).

[HairyMaclairy]

Watch out for the day when 1BTC exceeds 1BRK-A.
That would be a cause for celebration.
What are our chances within the next 10 years?

A bit tough in 2021.  Probable by 2025.

[HairyMaclairy]

Not sure what to make of it.
Does he think that it is over already?
If not, than there was no event like the blowup of two Bear Stearns hedge funds (in 2007) yet.
We shall see.

It’s a bit of a joke.  He is saying the bear market has been so strongly predicted that it won’t happen.

[Last of the V8s]

crypto's back baby

[goldkingcoiner]

Buy more!

This 27-year-old South Korean is keeping a secret from his parents: His cryptocurrency debts are in the tens of thousands of dollars. His plan? Buy more.

https://www.nytimes.com/2019/02/10/business/south-korea-bitcoin-cryptocurrencies.html

His only choice is to 3D-Print himself some money.


Lol JK he is going to commit suicide by 6 shots to the head

[HairyMaclairy]

Also, we are bringing booty back

[El duderino_]

Sesh ended.... my best one from last few weeks, combined with that green dildo= happy sunday

[crypmike]

This is so important... rly?  

[HairyMaclairy]

Well that’s awkward

[LFC_Bitcoin]

Well that’s awkward

Dumped all my ETH for XRP a while back....not that XRP is doing great 

[encycrypto]

Another Satoshi found on Earth:

https://www.ccn.com/amaury-sechet-bitcoin-satoshi-nakamoto-faketoshi/

Satoshis are getting really common these days!

[El duderino_]

crypto's back baby

You’re HAT isn’t deserter

[El duderino_]

https://bitcointalk.org/index.php?topic=1006631.msg49675218#msg49675218

The too good to celebrate moment right now in crypto. A dead cat bounce thinks that is the euphoria like we see on bitcoin this past 2017. Can we see $2k by tomorrow, pretty sure those expecting $4k will capitulate.

Thank you!) Will you help me to decide on a picture for a hat?
I have already selected a few pictures but still can’t decide which one to choose.

You can post your desired pics here for community voting, I guess that will help for you too.

I am still too far for a hat but I always dream I will wear that someday too here.

Gentlemen, what do you think which of these pictures would look better on a hat?

№1                                                                                                                                             

THIS ONE

and a guardian FAN I see

Yes, I am a fan of the guardians of the galaxy!

My friends often call me Rocket and say that I am very similar in behavior to this character. Over time, I just got used to it and use his image as an avatar.

I think XhomerX can absolutely work with rocket and the guardians
Can’t wait to see the outcome

[El duderino_]

Governments  > Corrupt
Banks            > Scammers
Money           > Devaluation

Buying Bitcoin is the only solution.

The article is by Martin Mühleisen 2018 (Director of the Strategy, Policy and Review Department (SPR) of the IMF), but the image is the reality of Bitcoin, past , present and future.

https://www.imf.org/external/pubs/ft/fandd/2018/06/index.htm

Totaly loving that pic

[El duderino_]

Today I made a hat, which I called "to the moon". I would be glad if someone would wear it. Due to the fact that my laptop is weak in performance, it’s not quite what I want to do.



Avatar:

Its absolutely fabolous and very good looking but i’m attached to the XhomerX brand
Still its very beauty full

[cAPSLOCK]

I  took my bucket of change to be transformed into an Amazon giftcard by the "Coinstar" machine at my grocery store.  I also took a few hundred from my poker bankroll  to give the new coinstar BTC buying system (Coinme) a whirl.

I was prepared to walk away if there was the typical ridiculous up-charge and fees.

There *was* an upcharge and fees, and I am not sure I would be a ultra common user of this system, but it was slightly more reasonable than all the other BTC ATMs i have seen which are often as much as 12%.  This atm has a flat 4% fee, and the price was ~3% over average spot.  So I guess we are talking about a ~7% upcharge.  Like I said, I would not like to buy bitcoin this way very often.

The buying process was very smooth.  

1.  Put in poker winnings...  get a receipt with a code and a pin.
2.  Set up a wallet at Coinme (Yes.. there is KYC*)
3.  Enter code and pin.
4.  Boom.  Paid.

*  The KYC is about what you see with any exchange.  Upload id scans and a selfie.  Once approved you are ready to go.

Overall this was a smooth, easy, and though expensive it is about as cheap as I see in my city... and rivals localbitcoins to some extent.

Is it worth it?  Nah. Not with the upcharge and KYC.  But in a pinch, usable.  And we are at least headed in the right direction.

I do believe my deal on the BTC ($3711) will turn out to be fairly yummy by sometime later this year.

[Syke]

Another Satoshi found on Earth:

https://www.ccn.com/amaury-sechet-bitcoin-satoshi-nakamoto-faketoshi/

Satoshis are getting really common these days!

We are all Satoshi!