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Question: Closing BTC Price June 17:
$0 - 3 (2.3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.6%)
$7,501-$7,750 - 4 (3.1%)
$7,751-$8,000 - 12 (9.2%)
$8,001-$8,250 - 13 (9.9%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.6%)
$8,751-$9,000 - 11 (8.4%)
$9,001,$9,250 - 13 (9.9%)
$9,251-$9,500 - 17 (13%)
>$9,500 - 17 (13%)
$20,000 - 9 (6.9%)
Total Voters: 131

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21225686 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. (64 posts by 15 users deleted.)
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February 10, 2019, 10:46:15 AM
Last edit: February 10, 2019, 10:58:13 AM by ðºÞæ


Lets revisit the hashing once the LN altcoin is fully operational and legacy support is stopped.  Not only will it be another split one part supporting LN (environment) to other legacy mining. Hashing will nosedive as LN is the main part. In case someone delusional enough to think it will not be the case legacy will fork again,  one with changed max supply and the smaller fraction remain with max 21M. Of course long before, if Bitcoin does not implement WimbleMimble another forking is guarantied.

The armageddon started with the segwit hardfork.   Banking cartels old divide and conquer strategy.

Edit:
Last couple of months hashrate has stabilized.
https://i.ibb.co/yNDTBsg/Untitled.png
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February 10, 2019, 10:48:33 AM


The only explanation is that less efficient miners have been gradually replaced by more efficient ones and/or some people are investing in mining as a way to acquire Bitcoin without raising the price (directly -exchanges- or indirectly -OTC-) even if that means mining without profit or even at a slight loss.

Also it is possible that the price decline has forced many miners to make better deals both in hardware acquisition and electric supply. Bear periods are great for forcing the less efficient enterprises out of the market and the fitter ones survive ahead of the next bull run. It happens in all markets.

ftfy Grin



Uh? I have purposely ignored the Bcash graph as it is meaningless... I am only talking about the Bitcoin current rise in hashrate.
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February 10, 2019, 10:52:03 AM

I'm sorry, I got it the other way.
Like Bitcoin Cash decreasing hashrate compared to BTC, is some what normal for that to happen.
Or like there is a future for BCHABSVOmega. There is not.
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February 10, 2019, 10:52:59 AM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.
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February 10, 2019, 11:06:54 AM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?
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February 10, 2019, 11:08:45 AM

This is how I spend my sunday, watching old DDR and other movies with marches. Yes I like marches.
https://www.youtube.com/watch?v=WNMepc8l2ck
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February 10, 2019, 11:10:24 AM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

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February 10, 2019, 11:28:29 AM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?
Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.
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February 10, 2019, 11:28:55 AM


Ibian
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February 10, 2019, 11:30:31 AM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?
Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.
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February 10, 2019, 11:56:50 AM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?
Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right?
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February 10, 2019, 11:57:46 AM


Excellent!
I might actually buy some now when as expected it goes a little lower.
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February 10, 2019, 12:05:22 PM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?
Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right?
It's always been like this for me, but then again my country is small. May not represent the global situation.
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February 10, 2019, 12:11:36 PM



And the signed agreement

https://www.scribd.com/document/399259886/SunLot-MtGox-LOI
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February 10, 2019, 12:20:51 PM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?
Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

I see, I had no idea train tickets were that expensive in DK.
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February 10, 2019, 12:21:29 PM

Good afternoon WOs. Bitcoin price is @ $3,597 I am still busy in real life LOL however,

WO brothers 😊


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February 10, 2019, 12:25:20 PM

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?
They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?
Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

I see, I had no idea train tickets were that expensive in DK.
Dude fucking everything is expensive. A burger is like $10. In Thailand I can get a meal for $3.

It's all down to taxes. If we abolished the welfare state and had a 20% tax with all the hidden shit included the purchasing power per worked hour would be four times as high. Socialism simply does not work and we are all going to suffer for it sooner than most people think.
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February 10, 2019, 12:31:01 PM

Good afternoon WOs. Bitcoin price is @ $3,597 I am still busy in real life LOL however,

WO brothers 😊



Having a Sunday dinner with my gf’s family - NO COINERS.
They’ve already had their fun asking about why bitcoin has ‘crashed’ months ago though so today shouldn’t be too bad.
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February 10, 2019, 12:34:28 PM

Bitcoin's Lightning Network Continues Breaking Records: Now, Over 6,000 Nodes

https://www.cryptoglobe.com/latest/2019/02/bitcoin-s-lightning-network-continues-breaking-records-now-over-6000-nodes/

Quote
According to the latest data from Lightning Network monitoring site 1ML, in the past 30 days, the Lightning Network has seen impressive growth:

number of Lightning nodes: 6,085; up 14.55%
number of Lightning channels: 24,647; up 27.2%
network capacity: 656.94 bitcoin (BTC); up 15%








Quote
Why is Lightning Network growing so quickly? There are several explanations:

-There is a real need for very fast and very low cost Bitcoin payments, which is especially true in the case of micro transactions (such as for tipping creators of interesting or useful social media posts), which is not addressed by on-chain Bitcoin transactions;
-Increasing availability of easy-to-understand guides and tools for using the Lightning Network, such as Pierre Rochard's Node Launcher, Jack Mallers' Zap Desktop, and William O'Beirne's Joule Chrome plugin; and
-Increasing public awareness of the benefits of Lightning Network, such as the Lightning Torch initiative started by Twitter user "hodlonaut" on January 19th
.
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February 10, 2019, 12:36:44 PM

Good afternoon WOs. Bitcoin price is @ $3,597 I am still busy in real life LOL however,

WO brothers 😊



Having a Sunday dinner with my gf’s family - NO COINERS.
They’ve already had their fun asking about why bitcoin has ‘crashed’ months ago though so today shouldn’t be too bad.
Keep them busy talking about the last match. I will be watching Manchester City Vs Chelsea today.
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