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

[BTCMILLIONAIRE]

Is this a joke? You need to pay taxes when it rains in New Jersey?

Is it even allowed to catch rainwater for your own use?  

https://newyork.cbslocal.com/2019/02/04/rain-tax-likely-to-become-reality-in-new-jersey/#.XGHnBuf1tMg.twitter

overly shrill headlines

Stormwater management is, in fact, a thing.  It does cost actual money, here in the real world.

Insurances and more than 60% of income taxed aren't enough yet? Why?

[1685697616]

1685697616

[JayJuanGee]

He is right. We've Lightning now and 300kb blocks is something more than logical!

Please tell me you are joking; it's so hard to detect sarcasm

In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?

No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!

I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).

Never sacrifice security for something pitiful like "low fees".

Huh? Segwit is not going to be undone.

You have to get consensus to undo segwit, and recall segwit passed by nearly unanimous consent. 

I doubt that sentiment has changed very much, in terms of undoing segwit. 

It seems that there remains a vast majority of support for segwit that you would have to overcome if you want to undo it... a simple majority would be inadequate.. bitcoin no work like dat...

Lol not undo segwit. But with segwit came an implicit blocksize increase as segwit transactions are discounted. By reducing thel blocksize to 300 kb that effective increase is undone and the previous situation restored.

Fair enough... but segwit is not only about scaling (even though segwit contributes to scaling, like you said).

[VB1001]

I know we're supposed to be capitulating. True story bro! Caught a glimpse of the future.
 I met a mid 20's Bitcoiner/robotics engineer out in the wild today. Very interesting chat and I felt the bull stirring again. He believes machines will use a digital currency (likely bitcoin) in the not so distant future once they start to move among us.  
About a 5-10 year horizon.  

I am fully capitulated. Good thing I still have patience.

Bitcoin self-selects for people with:

* Low time preference
* Long attention span
* Commitment
* Authenticity
* Patience
* Persistence
* Ability to focus
* Ability to go against the mainstream

Bitcoin is a marathon, not a sprint.

https://twitter.com/misir_mahmudov/status/1093613352868343809

(I have it saved and I read it when I'm capitulated like you. )

[BTCMILLIONAIRE]

https://twitter.com/MADinMelbourne/status/1095292274211139587/photo/1

Also Craig: Let's get into bed with regulators and legacy finance. (At Coingeek 2018)

[kenzawak]

CZ and Justin Sun on their way to pump their own coins



https://twitter.com/Bitccolo/status/1095081037149949952

Buttman & Rubbin'

[BTCMILLIONAIRE]

First U.S. Pension Funds Take the Plunge on Crypto Investing.

https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing

Mostly speculative equity investing.

"The fund will also hold a small percentage of its value in liquid cryptocurrencies, such as Bitcoin"

A small percentage of $40M is nothing.

Some powder on the tiny bit of snow dust that'll eventually turn into a tiny marble, etc.

[gembitz]

fluffypony is now officially wasting away
https://youtu.be/1senB4AhDYo
The Magical Crypto Friends Show Episode 16: Putting the Fun in Fungibility

~apartheid darkweb mind fuckerzzz lol

[gembitz]

I feel like this is a once in a lifetime chance who missed all those old bitcoin faucets back in the day. There aren't many fork airdrops but I'm really excited about bitcoinhex since its free to claim.

(referral link removed)

"IF YOU COULD TAKE SATOSHI'S COINS, WOULD YOU?
CLAIM YOUR FREE BITCOINHEX COINS, STAKE THEM, AND GET YOUR SHARE OF ALL UNCLAIMED COINS REDISTRIBUTED TO STAKERS OVER THE 50 WEEK LAUNCH PHASE, INCLUDING HIS, IF HE DOESN'T CLAIM! WHALES THAT DO CLAIM ARE ALSO PENALIZED 50%-75% AND PAID TO STAKERS."


The Bitcoin OG Richard Heart

that faglord just showed up like last week ~ gtfo lol

[VB1001]

Gonna keep the argument going a few more days to save on presents    


hehe

Ha brilliant

Man down guys!

I managed to sleep on the sofa but she broke me this morning.

Good morning WO`s!!
How did she do it?

Offered me a feast and I lapped it up. Now I feel dirty.

Valentine present from misses Globb0 a NEW sofa to have a good sleep on
One that makes a NEW man after a night and not a broken one

Valentine's day

Mic, This is your chance to declare your love to your GF, as a good Bitcoiner !!!

Love + Blockchain = ∞

Make the most permanent declaration of love. Express your feelings in a modern, permanent, immutable, geeky way. Use Bitcoin blockchain to leave a message that lasts forever and get a fancy certificate.

https://lovechain.land/

[El duderino_]

Mmmm that buttercuntman

=bullish

[El duderino_]

Haha but still not yet the marrying type a Guy
  

But its cool and i support the ones that did get married and wish them all the best of luck

[LFC_Bitcoin]

Haha but still not yet the marrying type a Guy
  

But its cool and i support the ones that did get married and wish them all the best of luck

mic, don’t listen to the pressure. Been with my girl for 11 years (we met in early 20’s). We are not married or engaged, no kids either.

We just like to travel, party & have fun

[StartupAnalyst]

CZ and Justin Sun on their way to pump their own coins


https://twitter.com/Bitccolo/status/1095081037149949952

[kingcolex]

I decided to pick up a ledger nano S, I have a Trezor and keepkey but since I have been mining so many shitcoins and trying to turn them to btc I figured I better get a hardware wallet for shitcoins.

[JayJuanGee]

https://twitter.com/MADinMelbourne/status/1095292274211139587/photo/1

Are you trying to suggest that Craig is making some kind of value contribution to truth in some kind of way?

The guys spouts out so much bullshit, that even if he happens to say some things that are true, who gives a ratt's ass?

There are scam artist and conmen who likely speak more than 90% truth.. that is how the whole practice operates.  You convince people to follow you because a lot of the things that you are saying is true.

However, in the end, the more important part remains that Craig is a narcissistic conman and a scam artist, and the exact percentage of what he says that happens to be true is largely irrelevant to the correct overall conclusion about his character.  There are others in the bitcoin, bcash and crypto space who also clearly and unambiguously fit into the conman and scam artist, and certainly the level of con and scam is going to vary from person to person, whether we are talking about Roger Ver, Jihan Wu, Vitalik Buterin, Vinny Lingham, annunymint, or some other known character in the space.

[Last of the V8s]

nine green bootle sitting on the wall ♪ ♪

[JayJuanGee]

The morning should start with the right coffee 

Do you personally have one of those kinds of customizable coffee makers too?  or did you go to a coffee shop or find the image on the interwebs?  Mic has access to one of those machines, but no one has yet explained how they work in the real world including if the coffee shops just charge an extra fee for such service or they make those potentially customizable images for free  (like hats, but the hats are surely more understandably done through knowledge, creativity and playing around with photoshop features).

[infofront]

Speaking of Ledgers, they're on sale for $48.99 right now

[JayJuanGee]

I am afraid dear hodlers, that soon we will have a big problem! No, I am not talking about a crash! I am talking about going above 10K. Last time some of us (like me) didn't sell anything, but what will you do, when we hit 15K-ish zone again? I am just curious (this may be kinda of a new poll), if you have any strategy? Hodl all, sell 1/3, sell 1/2, sell all, or other. I am pumping up myself to hodl everything until I reach the right amount for a nice beach villa, new car and savings equivalent to my salary before my retirement after 20 years.  Hopefully the property will be paid with BTC, so I may not sell BTC at all   So far, I have only one strategy for BTC:

There should be no problem with any strategy that continues to shave off small amounts of Bitcoin all the way up to $20k.. and maybe even considering proceeds from those sales as insurance to buy back on the way back down, if the price goes down.  I use something in the territory of 1% for every 10% price rise, and variations of that can work.

I do recognize a kind of phenomenon that tweaks down could be made around the $20k territory because once we get that close (assuming so), then there becomes a real decently increased likelihood that the price will shoot well past the previous ATH.  30% past?  50% past?  100% past?  There are going to be corrections along the way, but sometimes when the price is shooting up, any person might not be able to figure out when the price is going to pause in its upwards trajectory and even with small sell amounts along the way, feel as if s/he is selling too much because the price just keeps going up... but then likely the same person will thank himself/herself for selling along the way when the price suddenly and unexpectedly stops going up and gets into a 10%, 20%, 50% correction phase that could last several weeks before resuming UP.

but what will you do, when we hit 15K-ish zone again? I am just curious (this may be kinda of a new poll), if you have any strategy? Hodl all, sell 1/3, sell 1/2, sell all, or other.

The baseline doesn't change. Sell X coins every Y increase in price, buy X coins every Y decrease in price. When the bankroll starts getting small, change the buys to X-epsilon.

Of course, this can be modified by bulk sells to fund interesting things. I'm likely to sell a couple percent when it gets to $25k or $50k or somesuch.

But mostly hodl. Always be hodling. You don't want to feel like a chump when it 10x's from your exit point, and you ain't got nothing but a semi-big pile of stinky fiat.

Yes...  Thanks for that jbreher.. You have provided a good and succinct way of describing a sound and prudent long-term BTC guidance strategy that helps any of us to make sure that we are reasonably accumulating BTC and preparing for BTC price volatility that is not only expected but in the territory of inevitable.  

[JayJuanGee]

Don't know what you're on about there LFC bro, I cannot wear my brand new hat! Yet.
I have to wait until tonight - I think.
Can someone confirm this?

Else I will have to take it up to the management.

Yeah... of course.. activity level of 120 for full membership which an extra 14 will bring you over to 126 activity.. .. .should be coming within the next 24 hours....,.. around midnight UTC might be about correct..

yes yes tonight 22:20
then wait for next refresh

then stop being so irritating

What V8 said.