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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496002 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. (158 posts by 14 users with 9 merit deleted.)
StartupAnalyst
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March 06, 2019, 07:41:11 PM

Gentlemen you saw  Roger Ver's t lecture presented at the Satoshi's Vision Conference?
If not, you can read it here.
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JayJuanGee
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March 06, 2019, 07:44:26 PM

I think that three or more meets the definition of multi-,but hey what do I know.  Double digits is some way higher levels, that's for sure.  The 21 club is becoming more and more prestigious, too.

I don’t like to know how many bitcoin’s other people have, it doesn’t interest me but I think lots in this thread are 21 club members.

The one where you need 1 000 000 btc?  Roll Eyes

21 or more bitcoin’s
I'd much prefer to be in the 1mil btc club, only a handful of others coin join.

then you would have a roger ver complex.

There is no need to attempt to have that level of control or that level of filthy richness, unless you have some kind of insecurities.

Of course, running a business might be another thing. Recall that at one point, the Winkelvi Bros had proclaimed to have a goal to own 1% of the total BTC, and I think that they had been assessed to owning more than 100k BTC.  Of course, they had put some of those coins as collateral in their ETF applications, so in terms of having business aspirations, there may be some utility in squirreling a lot of BTCs.. but for regular people, it is difficult to imagine scenarios in which you would need to accumulate more than 10,000BTC.. and still be projected as filthy rich.... even though currently, with such holdings, you may be only bordering on filthy rich....

Even 100BTC is likely to cause a decently good cushion in the future, even though right now, such holdings might not be enough to give up the day job.. even though 1000BTC would likely be enough for most regular people to currently give up their day job and to weather any downturn, including a possibility that BTC could drop below $2k in the coming year (probably less than a 40% chance, currently).
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March 06, 2019, 07:45:53 PM

Look at the picture below. It's his slide that he found himself working for the government (and maybe the devil himself). Roll Eyes Grin
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March 06, 2019, 07:56:40 PM



Something seems wrong about this message, especially the beginning line.. " I used to use bitcoin"... lightning network uses bitcoin... so it seems a bit of mixed message to imply that bitcoin and lightning are different things - instead that lightning supplements bitcoin.
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March 06, 2019, 08:10:31 PM
Merited by 600watt (1)

As we should all be well aware, the mempool activity can not be firmly correlated to any pricing action.

Having said that, things are getting spicy today.

https://jochen-hoenicke.de/queue/#1,24h



HODL.

I think it's just Jbreher spamming the network


I think all y'all oughter at least ponder the possibility that the entity that was spamming* back in 17 was core/Blockstream. It's arguable that the blocking of the stream was the coalescing event that finally bribed the community into accepting The SegWit Omnibus Changeset. And that without such blocking of the stream, the community never would have accepted the segwit poison pill.

edit: forgot the asterisk: * In my mind, anything that pays the fee is by definition not spam, so...
If you disagree, then please provide a description of an objective test that can be applied to any tx in order to classify it as spam/notspam.

We do not need to ponder your stupid ass possibility because it is just a bullshit speculative talking point that is based in fantasy.

Segwit was already passed and implemented in August 2017 with overwhelming consensus, so by the time, the spamming started intensively between early December 2017 until about the end of January 2018, there was no real turning back from that segwit implementation.

The stupid-ass spam were last gasp attempts by some of your BIG BLOCKER nutjobs to both confuse the narrative, and to attempt to perpetuate high fees/slow transaction time talking points, which they still employ to this day, even though those talking points have little basis in reality beyond the time-frame that they were employing their late 2017/early 2018 spam attack.  

They stopped spamming because it was both costing them way too much and it was turning out to be counter-productive including the fact that lightning network ended up going live way sooner than what would have likely otherwise happened, absent the then spam attack.

By the way, fuck your attempt at NOT defining that scenario as spamming the network - even if there were a lot of transactions with fees, those transactions were malicious attempts to block transactions, increase fees facilitating BIG BLOCKER nutjob talking points.  Therefore, spam (even though quite costly) done for political attack and sabotaging purposes rather than legitimately attempting to use bitcoin's blockchain.   So fuck your attempts to categorize attacks on the bitcoin blockchain as legitimate uses just because they are paying fees.
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March 06, 2019, 08:14:30 PM

Is that available on kindle? ^ Grin
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March 06, 2019, 08:20:13 PM

Anybody have the feeling bitcoin is like a coiled spring at the moment? I feel like we’re just waiting for a something to ignite a significant upwards movement to comfortably into the $4,000’s.

It’s eerily quiet at the moment - A little too quiet.
It is early to talk about spring weather considering the market conditions. Better to wait for strict movement in the market.
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March 06, 2019, 08:26:01 PM

Gentlemen you saw  Roger Ver's t lecture presented at the Satoshi's Vision Conference?
If not, you can read it here.


It is one thing to dislike a character for things that character has said.

It is entirely something different to falsely attribute to some character things that that character has not said, and then use that as a form of character assassination.

If you think this is somehow honorable or funny, then shame on you.
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March 06, 2019, 08:27:09 PM

Anybody have the feeling bitcoin is like a coiled spring at the moment? I feel like we’re just waiting for a something to ignite a significant upwards movement to comfortably into the $4,000’s.

It’s eerily quiet at the moment - A little too quiet.
It is early to talk about spring weather considering the market conditions. Better to wait for strict movement in the market.


Beware May 2019...I think that is the month mt. gox is expected to dump BTC. Likely the 'asshole' managing stuff will do so on exchanges again IMHO.

just saying, we need to keep the volume up to eat that 'feast' when it hits the world.

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March 06, 2019, 08:29:03 PM

Look at the picture below. It's his slide that he found himself working for the government (and maybe the devil himself). Roll Eyes Grin


No, it is not. That has been photoshopped. In order to spread confusion and hate. And to gaslight the community. Just as the text  -- note: NOT the images thereupon, including the TLA logo -- insinuates.

Again - shame on you.
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March 06, 2019, 08:36:45 PM
Merited by 600watt (1)

Look at the picture below. It's his slide that he found himself working for the government (and maybe the devil himself). Roll Eyes Grin


No, it is not. That has been photoshopped. In order to spread confusion and hate. And to gaslight the community. Just as the text  -- note: NOT the images thereupon, including the TLA logo -- insinuates.

Again - shame on you.
And yet still accurate.
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March 06, 2019, 08:39:08 PM

https://www.newsbtc.com/2019/03/06/samsung-galaxy-s10-bitcoin-ethereum/
Samsung Galaxy S10 Arrives Sans Bitcoin, Only Ethereum is Supported
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March 06, 2019, 08:39:55 PM

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?


After seeing the light I stopped capitulating. I will never capitulate again, unless of course, I'm wrong.

Anyone that has actually capitulated wouldn't even be here anymore. Smiley
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March 06, 2019, 08:44:18 PM

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?


After seeing the light I stopped capitulating. I will never capitulate again, unless of course, I'm wrong.

Anyone that has actually capitulated wouldn't even be here anymore. Smiley

Lots of weak men have been & gone - Only the strongest remain.

I’ll be directing the film, who wants to star in it?
JayJuanGee
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March 06, 2019, 08:53:26 PM

Anybody have the feeling bitcoin is like a coiled spring at the moment? I feel like we’re just waiting for a something to ignite a significant upwards movement to comfortably into the $4,000’s.

It’s eerily quiet at the moment - A little too quiet.
It is early to talk about spring weather considering the market conditions. Better to wait for strict movement in the market.


Beware May 2019...I think that is the month mt. gox is expected to dump BTC. Likely the 'asshole' managing stuff will do so on exchanges again IMHO.

just saying, we need to keep the volume up to eat that 'feast' when it hits the world.

From where do you get your information?

I thought that currently the MTGOX situation is kind of stagnant, waiting for possible resolution of the Peter Vessenes claims.  If the Peter Vessenes were to be resolved, then the next step would be distribution... which maybe it is too optimistic to believe that the Peter Vessenes claims can be resolved in any kind of reasonably prompt manner?
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March 06, 2019, 09:25:09 PM
Last edit: March 06, 2019, 11:25:08 PM by Biodom
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There isn't enough bitcoin for all of today's millionaires to own an entire bitcoin each.

We won't call them millionaires anymore though, they will be known as "wholecoiners".

This may be the last chance for the average person to acquire a full bitcoin and that title.

https://twitter.com/alecziupsnys/status/1102908165719506947?s=21


I boldly claim to be the first one who came up with this observation. Must have been in 2015 or 2016 and i think it was in this forum.  


It is funny since I remember that back then this observation did not receive much attention, but in the last two years it appears in twitter, reddit and even crypto media outlets quite regularly.



July 3, 2014.
https://bitcointalk.org/index.php?topic=676030.msg7664884#msg7664884

Quote
There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.
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March 06, 2019, 10:54:09 PM

Is Binance coin superior to Bitcoin Cash?

Last of the V8s
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March 06, 2019, 10:54:33 PM

Mother of dragons this is dull.
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March 06, 2019, 11:00:37 PM
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Is Binance coin superior to Bitcoin Cash?


Well, probably yes. Because it wasn't created with the main purpose of destroying Bitcoin. Although the fact that the coin is designed for manipulation is undeniable.
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March 06, 2019, 11:01:18 PM

By the way, fuck your attempt at NOT defining that scenario as spamming the network - even if there were a lot of transactions with fees, those transactions were malicious attempts to block transactions, increase fees facilitating BIG BLOCKER nutjob talking points.  Therefore, spam (even though quite costly) done for political attack and sabotaging purposes rather than legitimately attempting to use bitcoin's blockchain.   So fuck your attempts to categorize attacks on the bitcoin blockchain as legitimate uses just because they are paying fees.

There's no thought-police in Bitcoin. You send me a clean tx with standard fees and I'll mine it. I couldn't care less about your "purpose".
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