Bitcoin Forum
July 17, 2019, 11:33:14 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 10 (6.8%)
H2 2019 - 15 (10.3%)
H1 2020 - 27 (18.5%)
H2 2020 - 26 (17.8%)
H1 2021 - 12 (8.2%)
H2 2021 - 28 (19.2%)
H1 2022 - 6 (4.1%)
H2 2022 - 4 (2.7%)
H1 2023 - 0 (0%)
H2 2023 - 3 (2.1%)
2024 or Later - 15 (10.3%)
Total Voters: 146

Pages: « 1 ... 24183 24184 24185 24186 24187 24188 24189 24190 24191 24192 24193 24194 24195 24196 24197 24198 24199 24200 24201 24202 24203 24204 24205 24206 24207 24208 24209 24210 24211 24212 24213 24214 24215 24216 24217 24218 24219 24220 24221 24222 24223 24224 24225 24226 24227 24228 24229 24230 24231 24232 [24233] 24234 24235 24236 24237 24238 24239 24240 24241 24242 24243 24244 24245 24246 24247 24248 24249 24250 24251 24252 24253 24254 24255 24256 24257 24258 24259 24260 24261 24262 24263 24264 24265 24266 24267 24268 24269 24270 24271 24272 24273 24274 24275 24276 24277 24278 24279 24280 24281 24282 24283 ... 24579 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21287744 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. (102 posts by 19 users deleted.)
fabiorem
Sr. Member
****
Offline Offline

Activity: 812
Merit: 316



View Profile
June 18, 2019, 05:20:05 PM
Merited by Globb0 (2)

I believe this facebook coin will fail. Only boomers uses facebook these days and they dont have a clue how cryptocurrencies work. They will treat it as some generic digital coin, like those you use inside MMOs for example. It will be restricted to facebook, which is a dying platform, practically an icon of nocoinery and technological backwardness.
I don't think it will be restricted to facebook, that's why it's so dangerous...


You dont need all these logos when you have multipass.
he's ridiculous with his hair  Roll Eyes


1563363194
Hero Member
*
Offline Offline

Posts: 1563363194

View Profile Personal Message (Offline)

Ignore
1563363194
Reply with quote  #2

1563363194
Report to moderator
1563363194
Hero Member
*
Offline Offline

Posts: 1563363194

View Profile Personal Message (Offline)

Ignore
1563363194
Reply with quote  #2

1563363194
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563363194
Hero Member
*
Offline Offline

Posts: 1563363194

View Profile Personal Message (Offline)

Ignore
1563363194
Reply with quote  #2

1563363194
Report to moderator
ivomm
Sr. Member
****
Offline Offline

Activity: 744
Merit: 329


All good things to those who wait


View Profile
June 18, 2019, 05:20:38 PM

We haven't even sustained a break below $9k, what kinda dump is this?

Because FOMO at $9K kicks off. Most of the new investors understand that they would take a huge risk selling now and waiting for some 1-2% drop below 9K. The risk is that if the price won't drop, they will miss the last train to get a profit 10x or more in near future. So the n00b traders who always sell when the candle gets red are left alone with no help from the majority. In this way the support channel gets narrower after each significant raise. So far the channel is 9-9.3K excluding the temporary peaks. It could be widened to 8.8-9.3K but would it be worth the risk for another 1% drop to miss the train? Of course no! And the majority understands it.
jojo69
Legendary
*
Offline Offline

Activity: 1442
Merit: 1795


no FOMO


View Profile
June 18, 2019, 05:25:55 PM

Sub $9,000 again, let’s see how this plays out.

obviously it's the end of Bitcoin
serveria.com
Member
**
Offline Offline

Activity: 504
Merit: 80

Balls of steel


View Profile
June 18, 2019, 05:38:39 PM

Wow I thought bones261 was a nice guy but giving merit to gembitz? WTF man?
bones261
Legendary
*
Offline Offline

Activity: 1610
Merit: 1659


KnowNoBorders.io


View Profile
June 18, 2019, 05:40:43 PM

Wow I thought bones261 was a nice guy but giving merit to gembitz? WTF man?


I liked the logo that he gave for libra. Want to see more of that from him.  Cheesy
Biodom
Legendary
*
Offline Offline

Activity: 2002
Merit: 1250



View Profile
June 18, 2019, 05:44:03 PM

re that facebookcoin thingie...
basing on what i read...did not read the white paper yet...

They said that it is 'backed' by currencies and/or gov bonds, but the question is to what proportion.
If it anything less than 1:1, then they are acting like a bank without being officially a bank (no bank license).
French already raised a question about it.
The question of sovereignty also came up.
Neo_Coin
Full Member
***
Offline Offline

Activity: 700
Merit: 170


"Be Your Own Bank"


View Profile
June 18, 2019, 05:49:28 PM


ZuckCoin... ZuckCoin... can't find it in Coinmarketcap.  Grin Grin
bitserve
Hero Member
*****
Offline Offline

Activity: 896
Merit: 763


HODL.


View Profile
June 18, 2019, 05:52:53 PM
Merited by vapourminer (1)

re that facebookcoin thingie...
basing on what i read...did not read the white paper yet...

They said that it is 'backed' by currencies and/or gov bonds, but the question is to what proportion.
If it anything less than 1:1, then they are acting like a bank without being officially a bank (no bank license).
French already raised a question about it.
The question of sovereignty also came up.


There are much more questions about that point:

- They say it is a (somewhat?) stable coin, but as soon as they are backing it with a basket of different assets/currencies the price MUST fluctuate.

- If the value of the underlaying assets fluctuate does the price gets set by them according to that estimated recalculated value? If so, every second? minute? hour? day?... yearly?

- If they don't set the price then exchanges should exist for that. Once the coin is tradable no matter what the real value of the underlaying assets is the price could fluctuate heavily in relation to its real value (pumps and dumps).

In conclusion, the pricing thing alone will be a complete nightmare and shitshow.

Other day we could talk about security... as in.... even if it is backed by real assets in custody... what happens if, for example, facebook gets a massive hack in which millions of users get their wallets emptied? What if they mess up with the emission in relation to the backing assets?

Bitcoin has a clear distance from that sort of incidents (even if they impact it in some way each time a big hack happens) but in this case? The shit will be all over the place.

The more I think about it, it would have been safer for them to just implement a multi-crypto wallet into their network and distance from the coin/s used instead.

We will see.

jbreher
Legendary
*
Offline Offline

Activity: 2450
Merit: 1299


lose: unfind ... loose: untight


View Profile
June 18, 2019, 05:54:40 PM

According to the technical White Paper there should be ways to remain "pseudonymous"

Quote
Account addresses.
The Libra protocol does not link accounts to a real-world identity. A user is free to create multiple
accounts by generating multiple key-pairs. Accounts controlled by the same user have no inherent
link to each other. This scheme follows the example of Bitcoin and Ethereum in that it provides
pseudonymity [19] for users.


1 Concretely we instantiate hash functions with SHA3-256 [17] and digital signatures with EdDSA using the ed-
wards25519 curve [18].
https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

Just because the permissioned protocol allows for pseudo-anonymity does not mean that the permissioned access points will not add identifying links.
TomCrypto
Full Member
***
Offline Offline

Activity: 588
Merit: 202


View Profile
June 18, 2019, 05:59:52 PM
Merited by bones261 (2), Halab (2), vapourminer (1), Biodom (1), JayJuanGee (1), bitserve (1)

Here is an interesting report from binance research that took a first glance at Libra.
jbreher
Legendary
*
Offline Offline

Activity: 2450
Merit: 1299


lose: unfind ... loose: untight


View Profile
June 18, 2019, 06:02:24 PM
Merited by thisisntbic (1)

Sadly, not worth the time to read that. Terrible shitcoin.

Great summary!
And for the first time in history, (almost) everybody at bitcointalk will agree with Lauda  Grin

Terrible shitcoin? Sure.

Not worth the time to read? Are you fucking kidding me? Go ahead and wallow in your ignorance. Shitcoin notwithstanding, this Libra thingy is fairly likely to gain significant traction. As such, its very existence will impinge upon the public market perception of Bitcoin.

And frankly, Lopp's take (disclaimer: I've read his article, but have not read FB's source doc) seems like a useful distillation of several of Libra's aspects.

I mean, if you want to base your decisions from a position of ignorance, then knock yourself out. Wiser folk would at least try to garner a cursory understanding.
VB1001
Sr. Member
****
Online Online

Activity: 294
Merit: 695


"Four Wheel Drive"


View Profile
June 18, 2019, 06:11:29 PM

I also have some shitcoins, it was when I had a small miner in gear.

Now for a long time I have passed everything to BTC.
Before trading aggressively, sometimes lost and others won, now only deals with 10% of the total and hodl.

This brings me to a reflection:

Bitcoin is like your GF, the altcoins are the rest of the girls that you like, but they can ruin your life, you decide. Tongue

This twitt is quite explicit:

Quote
Every Bitcoiners at some point gets tempted to do some altcoin.

Only those that really understand Bitcoin's value will be able to resist.

Learn before you're tempted.

https://twitter.com/jimmysong/status/1138998826075901953
bitserve
Hero Member
*****
Offline Offline

Activity: 896
Merit: 763


HODL.


View Profile
June 18, 2019, 06:11:43 PM

Here is an interesting report from binance research that took a first glance at Libra.

Yeah, very detailed and interesting indeed. Merited.
jbreher
Legendary
*
Offline Offline

Activity: 2450
Merit: 1299


lose: unfind ... loose: untight


View Profile
June 18, 2019, 06:14:43 PM

They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.

But one difference with Tether is that Tether is not a scam.  Tether is actually used (and that is why tether get's so much hate in the media, including gov'ts and financial institutions), as contrasted with the vast majority of the other allegedly "stable" coins.

Tether was fully backed by collateral deposits. Until it wasn't.

Tether was so not a scam. Until it was.
bitserve
Hero Member
*****
Offline Offline

Activity: 896
Merit: 763


HODL.


View Profile
June 18, 2019, 06:20:36 PM

They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.

But one difference with Tether is that Tether is not a scam.  Tether is actually used (and that is why tether get's so much hate in the media, including gov'ts and financial institutions), as contrasted with the vast majority of the other allegedly "stable" coins.

Tether was fully backed by collateral deposits. Until it wasn't.

Tether was so not a scam. Until it was.

Except we don't really KNOW if it was really fully backed. Also, neither cash nor BANKING FIAT are absolutely NON-FUNGIBLE... if they were selling Tether in exchange of banking fiat coming from dubious individuals/corporations, those funds were not really worth their face value because you are assuming a risk (that finally materialised) that the funds gets frozen later.

That's the reason even people (not only governments/banks) do require reasonable KYC on the origin of funds for big purchases, because you could end up without the sold good plus the obtained funds seized on a later date.
micgoossens
Hero Member
*****
Online Online

Activity: 756
Merit: 2321


BTFD, on to 15K a coin !!!!


View Profile
June 18, 2019, 06:24:19 PM

We haven't even sustained a break below $9k, what kinda dump is this?



Less than 12 hours later and the market has done a complete 180. More swastikas and shitcoin talk

Just the kind of dumps I like 🤓
Wekkel
Legendary
*
Online Online

Activity: 2198
Merit: 1146


yes


View Profile
June 18, 2019, 06:26:16 PM

From the Binance report: “Libra may spark additional cryptocurrency volume due to increased accessibility from both institutional players and everyday retail users.“

Noted.
Phil_S
Sr. Member
****
Online Online

Activity: 756
Merit: 282


We choose to go to the moon


View Profile
June 18, 2019, 06:27:24 PM

I've been preparing myself mentally for 8000.
micgoossens
Hero Member
*****
Online Online

Activity: 756
Merit: 2321


BTFD, on to 15K a coin !!!!


View Profile
June 18, 2019, 06:27:53 PM

Wow I thought bones261 was a nice guy but giving merit to gembitz? WTF man?


I liked the logo that he gave for libra. Want to see more of that from him.  Cheesy

Ain’t gonna get some though...
micgoossens
Hero Member
*****
Online Online

Activity: 756
Merit: 2321


BTFD, on to 15K a coin !!!!


View Profile
June 18, 2019, 06:28:16 PM

I've been preparing myself mentally for 8000.

Prepare for 12,000
Pages: « 1 ... 24183 24184 24185 24186 24187 24188 24189 24190 24191 24192 24193 24194 24195 24196 24197 24198 24199 24200 24201 24202 24203 24204 24205 24206 24207 24208 24209 24210 24211 24212 24213 24214 24215 24216 24217 24218 24219 24220 24221 24222 24223 24224 24225 24226 24227 24228 24229 24230 24231 24232 [24233] 24234 24235 24236 24237 24238 24239 24240 24241 24242 24243 24244 24245 24246 24247 24248 24249 24250 24251 24252 24253 24254 24255 24256 24257 24258 24259 24260 24261 24262 24263 24264 24265 24266 24267 24268 24269 24270 24271 24272 24273 24274 24275 24276 24277 24278 24279 24280 24281 24282 24283 ... 24579 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!