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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368750 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. (174 posts by 3 users with 9 merit deleted.)
Gyrsur
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October 02, 2019, 08:51:32 PM
Last edit: October 02, 2019, 09:17:24 PM by Gyrsur

Anyone else install Trezor's custom BTC only firmware?  It still has the exchange button I noticed.  I guess the biggest benefit will be the bypass of all the altcoin support updates.

got the email too. i would appreciate less updates.

How does it work for shitforks?

all altcoins are still available but not visible. if you want to see them you have to install the full firmware.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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El duderino_
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October 02, 2019, 09:05:57 PM

By my conservative estimates, I'll be 80 years old when bitcoin hits 10 million dollars per coin. If it happens sooner, like 10 or 20 years sooner ... well ... I'll have another 20 years to enjoy my 1 corn.

By the 6th halving in 2032, 99.22% of all corns have been mined. Miners will fight for what little is left of the block reward for the next hundred years.

Also time enough to accumulate if the stretch would be that long ... so keep increasing where you can Smiley
HairyMaclairy
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October 02, 2019, 09:28:00 PM

Anyone else install Trezor's custom BTC only firmware?  It still has the exchange button I noticed.  I guess the biggest benefit will be the bypass of all the altcoin support updates.

got the email too. i would appreciate less updates.

How does it work for shitforks?

all altcoins are still available but not visible. if you want to see them you have to install the full firmware.

Ok cool
Gyrsur
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October 02, 2019, 09:31:21 PM
Last edit: October 02, 2019, 10:16:20 PM by Gyrsur

just a question: should I look at Bitcoin like a Commodity or like a Share (Stock) or something between?

EDIT: btw, i found this --> https://www.bitcoinmarketjournal.com/bitcoin-commodity/
Arriemoller
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October 02, 2019, 10:01:12 PM

I don't think this guy even comes close to warranting his own day.

He only just showed back up after how many years forsaking us?

 Good point.  Also, there's that petition at Change.org for him.  My suggestion was really to prevent Arriemoller from wearing out his F, C, K, T, A, O, U and sometimes Y keys prematurely.  I'm 99.9% sure he's got German engineered Cherry MX mechanical keyswitches anyway.  They can take a pounding.


If you guys think I'm giving him too much attention just let me know and I'll stop.

But until then, fuck you Fatty!


 No, this is fine.  What we wont tolerate is feelings of melancholia and nostalgia.

Hmm, Infofront (I think) deleted some of my "Fuck you Fatty" posts, wonder why?
Arriemoller
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October 02, 2019, 10:05:59 PM

On the other hand, Fatty has not been around since, did he delete Fatty too? Fingers crossed.
In the mean time,Fuck you fatty!
 
El duderino_
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October 02, 2019, 10:08:41 PM

I don't think this guy even comes close to warranting his own day.

He only just showed back up after how many years forsaking us?

 Good point.  Also, there's that petition at Change.org for him.  My suggestion was really to prevent Arriemoller from wearing out his F, C, K, T, A, O, U and sometimes Y keys prematurely.  I'm 99.9% sure he's got German engineered Cherry MX mechanical keyswitches anyway.  They can take a pounding.


If you guys think I'm giving him too much attention just let me know and I'll stop.

But until then, fuck you Fatty!


 No, this is fine.  What we wont tolerate is feelings of melancholia and nostalgia.

Hmm, Infofront (I think) deleted some of my "Fuck you Fatty" posts, wonder why?


Probably infofront just keeping the thread not to dedicated to that guy ..... Smiley
HairyMaclairy
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October 02, 2019, 10:54:45 PM

just a question: should I look at Bitcoin like a Commodity or like a Share (Stock) or something between?

EDIT: btw, i found this --> https://www.bitcoinmarketjournal.com/bitcoin-commodity/

Disagree with both commodities and stocks.  It has no physical form and is not centrally controlled.

Bitcoin is a form of a perpetual financial instrument with a variable exchange rate to the USD.
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October 02, 2019, 10:58:18 PM

oh nooooo

I think we are down to like 8 airworthy B17s now... Cry

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October 02, 2019, 11:15:18 PM

I recently mentioned that BAKKT stash was 10k btc but I probably typed one "0" less. It should be 100k btc. But I might be wrong again.
I thought it was 10k.....
LUCKMCFLY
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October 02, 2019, 11:29:47 PM

Many speak that it can reach $ 7500, but there are many defending their positions:




Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining and it is now well below the 50 level.

Major Support Levels – $8,100 followed by $8,000.

Major Resistance Levels – $8,300, $8,400 and $8,500.

Source: https://www.newsbtc.com/2019/10/02/bitcoin-price-btc-remains-vulnerable-below-8500/


goldkingcoiner
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October 02, 2019, 11:40:38 PM
Last edit: October 03, 2019, 12:02:40 AM by goldkingcoiner

I wonder what would happen to the price of Bitcoin once quantum computer technology advances. I suppose quantum miners would plummet the markets to the ground?  It might take a while for Bitcoin to recover from that one... If it ever does...

Edit: Although by that point we would probably have only a small amount left to mine so it would not matter maybe.
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October 02, 2019, 11:43:51 PM
Merited by vapourminer (1), JayJuanGee (1)

just a question: should I look at Bitcoin like a Commodity or like a Share (Stock) or something between?

EDIT: btw, i found this --> https://www.bitcoinmarketjournal.com/bitcoin-commodity/
it's a new asset class, with no direct 1:1 analogy to legacy assets.
i tend to simply think of it as a (crypto)currency, as originally intended. the definition of a 'currency' should be broad enough to work mostly fine here, the main issue being acceptance.
or just think of BTC as 'money': a means of exchange, a store of wealth, and a unit of account.
Negotiation
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October 02, 2019, 11:54:53 PM

oh nooooo

I think we are down to like 8 airworthy B17s now... Cry



very very Sad news what is the location @jojo ?  Cry
xhomerx10
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October 03, 2019, 12:14:03 AM

oh nooooo

I think we are down to like 8 airworthy B17s now... Cry



very very Sad news what is the location @jojo ?  Cry

https://www.nbcnews.com/news/us-news/vintage-b-17-plane-crashes-erupts-flames-bradley-international-airport-n1061161
Negotiation
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October 03, 2019, 12:25:20 AM


everything was sad xhomerx  Cry

i was see a lot of time crushed Boeing category plane  Cry
gwaur
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October 03, 2019, 12:43:57 AM
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I wonder what would happen to the price of Bitcoin once quantum computer technology advances. I suppose quantum miners would plummet the markets to the ground?  It might take a while for Bitcoin to recover from that one... If it ever does...

Edit: Although by that point we would probably have only a small amount left to mine so it would not matter maybe.
google's new toy is a simple RNG generator. so yeah, designing a quantum computer that would serve as a universal decryptor is going to take a long time. sure it's possible that such a machine will emerge in the future, but then it's not just BTC and other crypto that's in jeopardy.
all existing encryption will be just as useless, including all banking systems, and the whole internet as it is now. no SSL certificates, no e-mail passwords, no safe military communications. whole industry sectors would be wiped out, all existing financial and military protections useless. this scenario is obviously infeasible, and it should be obvious that when quantum computing advances to a point where it's able to make all our encryption systems useless, it will at the same time provide encryption algorithms that will be just as hard for quantum computers to break as our contemporary encryption is tough to break for computers that we're using now. other security measures would also appear that will exploit some kind of fundamental weakness in quantum computing, introduce sufficiently hardened encryption, or alternative security measures.

computer security is an endless arms race. just keep your keys safe, update when needed, and you're going to be fine now, in the present, as well as in the foreseeable future.
social engineering is a always a primary attack vector anyway, and no advances in technology are going to change that.

TLDR: when quantum computers are good enough to break encryption, just update your wallet and follow on-screen prompts. Wink
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October 03, 2019, 12:49:43 AM

MA 200 and MA 50 cross in the next coming days/weeks ?
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October 03, 2019, 12:52:44 AM

oh nooooo

I think we are down to like 8 airworthy B17s now... Cry



Eh that will buff out. What happened?
jojo69
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October 03, 2019, 12:54:43 AM

What happened?

Power loss on takeoff is all we know so far.
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