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

[Hueristic]

Namecheap ditching Bitpay in 4-6 months: https://twitter.com/NamecheapCEO/status/1209133453364609024
https://debitpay.directory/anti-bitcoin/
Time for BitPay to die a painful death.

What is Bitpay’s Payment Protocol?

Bitpay has replaced BIP21 entirely with different, more controversial proposals, BIP’s 70,71,72. BIP70 was originally proposed by Gavin Andresen and Mike Hearn in 2013 - who championed creating bitcoin blacklists - generated a lot of controversy and remains largely unadopted by the majority of wallet and service providers due to many security and privacy concerns.

BIP70 introduces the requirement on developers to support legacy public-key infrastructure dependencies with known track records of vulnerabilities (openssl and heartbleed, etc…). Additionally, widespread implementation of BIP70 introduces an exposure to increased risk of AML/KYC surveillance and monitoring of on-chain transactions and more effective blacklists.

[Hueristic]

When can I finally buy my Aventador for 1 BTC   https://lambo2btc.com/

2022-2023.

Of course by then he will have grown up and want this instead.

[VB1001]

I thought VB didn't have ETH and was sour TBH. That he has whale amounts was the bigger news for me.

Damn coincidences.
I will have to make an instance asking theymos to change part of my username (VB)

[JSRAW]

I thought VB didn't have ETH and was sour TBH. That he has whale amounts was the bigger news for me.

Damn coincidences.
I will have to make an instance asking theymos to change part of my username (VB)

Creating post in Meta or approaching theymos sounds tough job, why not track down Vitalik in real and ask him nicely, if he says no then unleash whatever you want but no violence. 

[VB1001]

^
Your answer is very kind, both options are difficult to achieve.
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Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up

2020 may see crypto’s most consequential fork yet: A split between regulated exchanges and privacy-focused users.

https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up

[JayJuanGee]

What's the true valuation of a Bitcoin as denominated by it's recycle value?...zero.

Wrong!!!!

Why do I have to get mad at you during the holiday season, Roach?


Because you are dumb.   You are so dumb.  Real dumb.

And you show your ongoing stubborn level of purposeful dumb with nonsensical questions of irrelevancy like the recycle value one above.

The question has close to NO relevance in understanding what the fuck is bitcoin.  You gotta know better, don't you?  Please tell me that you are NOT that dumb, and you are merely being purposefully misleading because you have nothing better to do during these holiday times. 

You seem to understand, roach, that bitcoins are not actual physical objects/entities.  So maybe there is that, right? 

Sometimes people are also confused about where the bitcoins reside.  For example, if I have a Trezor, a ledger, an account on an exchange or a software wallet that can be accessed through my phone or a computer, the coins themselves do not actually reside on those devices, but the access to the private keys for the bitcoins that are necessary for accessing the coins themselves, may be accessible through those devices, exchanges and/or services.  Actually, sometimes with back up seeds there can be alternative ways of accessing the coins too, so if I lose the physical device or access to some of the services, they may have provided me other ways to get access to the coins by maintaining my back up seeds that can allow me to regenerate access through another kind of physical means.  In any of the cases, the access has physical components while the information (the bitcoins) remains quite more abstract.

If we are getting at BTC's utility, it has more to do with it's portability and security in terms of being digitally secured by thousands of computers that agree to an algorithm to verify who holds them and transactions and other ways of sending information back and forth on that network.

With Bitcoin, you thinking about physicality has to become more abstracted because non-physical utility that touches upon a variety of other physical support components remains a concept that any of us should be able to grow into and to actually understand when we get into our late childhood years, and for sure we should understand quasi-abstract thinking by the time we are teenagers and beyond - even though some dumbasses still continue to frame value in terms of physicality, which continues to cause them to miss a lot of understandings regarding how the world really work, and especially the many values that some abstract and less tangible aspects of life can bring.

[Hueristic]

Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions:

1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.

I don't get it, why is this a bad thing?  Aren't derivatives commonly set up for volatile assets?  If institutional investors focus on derivative markets is that bad for bitcoin?

When the derivative market is rigged as a fractional reserve and manipulated it can effect the actual market.

[d_eddie]

But if it is settled in physical btc, the manipulation can only go on until payment's due.

[Hueristic]

...
Mind you, it looks like our culture is already under pressure:[/b]

https://www.youtube.com/watch?v=q6odnm_X0jI

Indeed youtube "crypto" is under attack. I've just noticed that the channel Ivan on Tech has been taken down. Over 211K followers with a daily podcast. https://www.youtube.com/channel/UCrYmtJBtLdtm2ov84ulV-yg
A very talented interviewer, shame.
Youtube is state owned it would seem, Guess we'll have to flush them down the same hole with FB. Censorship resistant platforms on the way!

bakkt...

https://cryptonews.com/videos/what-s-going-on-with-bakkt-426.htm

James Lopp needs to do a data collection on them and it needs to be on its own domain

[Phil_S]

I want to see 8000 this year.

[Bitcoinaire]

Conclusion: Yes, plustoken scam is keeping the bitcoin price down.

https://www.zerohedge.com/crypto/2-billion-plustoken-scam-driving-down-price-bitcoin#comment_stream

[mindrust]

Coclusion: Yes, plustoken scam is keeping the bitcoin price down.

https://www.zerohedge.com/crypto/2-billion-plustoken-scam-driving-down-price-bitcoin#comment_stream

What if it was also plustoken that pumped bitcoin to 14k in the first place? 

[JayJuanGee]

Sold 25% is not no skin in the game. And did Elon ever take some profit along the way? Or what's the point.

So in summary I don't really get the massive difference.

I thought VB didn't have ETH and was sour TBH. That he has whale amounts was the bigger news for me.

Sure, it is possible that Elon is a bit of a hypocrite in terms of how much he is invested in Tesla/SpaceX, and of course, any rich person is going to have to "live along the way."  But, I doubt that the point is so much about whether Elon is a good comparison rather than the hypocrisy of some of the leaders within the crypto space.  I would not fault any of the leaders within the space to have some diversification or to NOT be fully invested, but I might fault them for other kinds of hypocrisy, self-dealings and secrecy... which also relates to their lack of investment too.

Of course, the little fucktwat dweeb (aka Vitalik) has ETH, and that is one of the (many) problems with ETH, it remains quite difficult to determine who has what coins out of both the pre-mine and various subsequent shenanigans in which they choose to print additional coins.

Of course, a problem with Charlie Lee, too.  He acts like such a nice guy, and he surely can be a likeable guy, but really is there genuineness when a BIG stake holder does NOT keep some stake in the coin that he created, rather than selling a shitload of coin and rationalizing that it was for the good of the community that he should attempt to remain "more objective" by selling (supposedly) all of his LTC stash.

I suppose that if Satoshi were around, we could criticize him too, but at some point, it seems that Satoshi may have left a lot of coins on the table, and were those coins burned for the good of the system?  

Mystery, mystery regarding if those early coins that were presumably mined by Satoshi will ever move and if the bitcoin system could absorb all of the coins, if they were to be moved and sold on the market.  Seems that they would not be dumped, if they were to be moved, but who knows?  Ongoing presumption is that those early coins that were presumably mined by satoshi are not moving and ongoing presumption remains that we are likely to never know who satoshi was (is), while satoshi (or parts of him) might still be alive.  We might not even know, once satoshi is dead, if troubles could come from knowing that.  None of us should believe that satoshi was not a real person.  Surely not a bot or an alien...  

[Hueristic]

But if it is settled in physical btc, the manipulation can only go on until payment's due.

They roll over the paper in house.

There's been tons of stuff written on it and actually that deleted vid by that stoner dude did a good job of explaining it if you google the words he used.

[JL0]

Conclusion: Yes, plustoken scam is keeping the bitcoin price down.

https://www.zerohedge.com/crypto/2-billion-plustoken-scam-driving-down-price-bitcoin#comment_stream

"According to Chainalysis, PlusToken conspirators have already sold 25,000 bitcoins, and it's believed another 20,000 (worth nearly $142 million at current prices). The coins are spread across some 8,700 anonymous bitcoin wallets."
80,000 BTC, 6,400,000 ETH, 111,000 USDT and 53 OMG associated with Plus Token. (from Chainalysis and BTC-Echo)
They dropped already a lot, so 35,000 Bitcoin left ? If they have sold over 45,000 Bitcoins ?

[LUCKMCFLY]

Big step Bitcoin ...

Most of the commodities, stocks, and bonds staged an outstanding run in 2019. But the traditional asset classes still fell short before a stronger and a more offbeat contender: Bitcoin.

Investors are also treating 2020 as a bullish year for Gold. Wall Street veteran Byron Wien called the yellow metal an “interesting investment.”

Bitcoin bulls also made similar calls in favor of the cryptocurrency. They believe demand for bitcoin would go higher against the global central banks’ dovish policies.

The search volume for "Bitcoin Halving" is steadily increasing, according to Google Trends.

The #Bitcoin halving is only 147 days away! Prepare yourself! 🚀

Source: https://twitter.com/themooncarl/status/1207262001682092032

Source: https://www.newsbtc.com/2019/12/26/bitcoin-outperforms-gold-us-stocks-and-bonds-in-2019-will-2020-be-same/

[Hueristic]

Conclusion: Yes, plustoken scam is keeping the bitcoin price down.

https://www.zerohedge.com/crypto/2-billion-plustoken-scam-driving-down-price-bitcoin#comment_stream

"According to Chainalysis, PlusToken conspirators have already sold 25,000 bitcoins, and it's believed another 20,000 (worth nearly $142 million at current prices). The coins are spread across some 8,700 anonymous bitcoin wallets."
80,000 BTC, 6,400,000 ETH, 111,000 USDT and 53 OMG associated with Plus Token. (from Chainalysis and BTC-Echo)
They dropped already a lot, so 35,000 Bitcoin left ? If they have sold over 45,000 Bitcoins ?

This is probably why Binance is not accepting from Wasabi although i don't really know how they can tell.

[LFC_Bitcoin]

I want to see 8000 this year.

Made a good start, pre weekend POMP loading.....$7,329

[akhjob]

So what’s up with the YouTube censoring BTC videos.... maybe it’s good cause to many sh*tty vids anyway, though some guys are on point ...... pity for them

I’ve been hearing the most crazy things like it’s not YouTube censoring them, but coordinated attacks etc
So many BS these days, but guys like Ivan on Tech for example why would he be censored?? He doesn’t do anything wrong imo....

Looks like YouTube screwed up and mistakenly deleted those videos.
https://decrypt.co/15590/youtube-to-deleted-crypto-video-sites-oops-we-screwed-up

[xhomerx10]

Coclusion: Yes, plustoken scam is keeping the bitcoin price down.

https://www.zerohedge.com/crypto/2-billion-plustoken-scam-driving-down-price-bitcoin#comment_stream

What if it was also plustoken that pumped bitcoin to 14k in the first place? 

 Maybe it's just a coincidence...

 https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price

 

 ...albeit a fairly convincing one.