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

[Febo]

What exactly defines a 'fork'

Bitcoin got forked many times ... not always contentious, but I d say even LTC and ETH are forks - at least from the initial idea - also having lots of Bitcoin's code

There is block chain fork like BCH or protocol fork like LTC.   Well you have also soft and hard fork and maybe some more, but not in this context.

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[Last of the V8s]

massive big donger incoming
my "TA"

[AlcoHoDL]

[...]

Apparently he didn't actually understand how bitcoin works, either. But that's not essential to profit from it.

It's not essential to understand how Bitcoin works, in order to profit from it, that's true. But understanding how it works removes almost all reservations you may have in putting a good percentage of your wealth in Bitcoin.

Take the Halving events for example. My initial purchase of 0.5 BTC for $120 back in 2015, that was immediately followed by several other purchases, was triggered by the 2016 Halving. I just knew I had to get into the 2016 train. It was common sense, understanding how it works, and the knowledge that production was soon going to be halved, that triggered the purchase of many of the coins I now have. Without that knowledge and understanding, I may have ended up delaying the purchase (and bitterly regretting it).

Knowledge is power, and it's all out there for those willing to see.

4 years. Your choice!

[mindrust]

You know what Warren Buffet says...

"Never invest in something you don't understand"

If you don't know what you are buying... you are doing it wrong.

*He doesn't understand bitcoin

[jojo69]

Bitcoin has nothing to do with "prime numbers."

ummmmmm

[xhomerx10]

Why you shouldn't abbreviate "2020" when signing cheques or legal documents

TL;DR documents dated with the abbreviation 20 are easier to forge
          always write the full date 

[jojo69]

AYH


Yaaaaaay

[Last of the V8s]

wait wut? 7 hours of foreplay just splurged away like that ffs

[fillippone]

Why you shouldn't abbreviate "2020" when signing cheques or legal documents

TL;DR documents dated with the abbreviation 20 are easier to forge
          always write the full date 

Yaeh,
I learnt the lessons back in 1919 when I accepted a counterfeit checque.

[fillippone]

What's this $1k bs I'm reading this morning?
Get a grip guys, you're scaring the noobs.
<...>

Geopolitical news made investors going to buy safe investments.
Today Goldman Sachs told his client that: "Gold is a better Geopolitical hedge than Oil" and "Gold is the geopolitical hedge of last resort"

We found that spikes in geopolitical tensions lead to higher gold prices when they are severe enough to cause currency debasement (see “the geopolitical hedge of last resort”). This most often happens during wars or military escalations. Accordingly, we found that gold performed well, even controlling for real rates and dollar weakness, during the beginning of both Gulf wars and during the events of September 11, 2001. Therefore, additional escalation in US-Iranian tensions could further boost gold prices. All in all, we stick with our 3, 6 and 12m forecast of $1,600/toz but see upside risks if geopolitical tensions worsen.

We find that gold can effectively hedge against geopolitical risk if the geopolitical
event is extreme enough that it leads to some sort of currency debasement, and
especially if the gold price move is much sharper than the move in real rates or
the dollar.

So Gold is rising more than oil.
Digital Gold is raising more than physical gold.

a few hours later:

Fresh all time highs for gold in euros.

€45,266 a kilo

https://twitter.com/JanGold_/status/1214089342626541573?s=20


Also on Bloomberg:

Gold Nears Six-Year High as Mideast Tensions Spur Haven Demand

Gold neared a six-year high after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East and driving demand for havens.

Bullion rallied as much as 1.6% to $1,553.52 an ounce in the spot market, reaching the highest since September. Platinum futures briefly topped $1,000 an ounce to touch the highest since early 2018 in New York, while silver and other haven assets rose.

[nutildah]

Is this a machine learning bot post? Bitcoin has nothing to do with "prime numbers." Primecoin, on the other hand...

I disagree about the bolded sentence. ECDSA is pretty much about prime numbers.
-> https://en.wikipedia.org/wiki/Elliptic_Curve_DSA

But maybe I misunderstood you here or missed some irony, sorry then.

I stand corrected -- I was just trying to think of what bitcoin mining had to do with prime numbers and totally forgot about ECDSA's use of modulo p.

[nutildah]

Holy shit, just spent the last hour reading about what happened to American Pegasus.

What a bizarre tale.

https://np.reddit.com/r/Bitcoin/comments/cogbjt/this_guy_gets_it_5years_ago_look_at_how_he_was/ewidaol/

If its hard to follow, its because he transitioned into a she. And that's the least of his (her) problems.

[LFC_Bitcoin]

VEGETA GAME !!!!!!

$50 worth of BTC to one winner


Right, we’ve been under $9,000 for quite a while now. I think it’s time to PLAY ANOTHER GAME !!!!!!!!

Ok, this time I’m going to be clear on two rules -

1.) When the price crosses $9,000 on BITSTAMP you must post a Vegeta meme
2.) I also want a screenshot of the BTC price from BITSTAMP to prove it’s over $9,000

**If you post a meme but no screenshot - No win**

**You must post a Vegeta meme & the Bitstamp screenshot so I can verify the time of your post against when the price went over $9,000**


Thanks & good luck!

Don’t forget guys!

Hopefully we breach $9,000 soon!

[realr0ach]

Holy shit, just spent the last hour reading about what happened to American Pegasus.

What a bizarre tale.

https://np.reddit.com/r/Bitcoin/comments/cogbjt/this_guy_gets_it_5years_ago_look_at_how_he_was/ewidaol/

If its hard to follow, its because he transitioned into a she. And that's the least of his (her) problems.

You got to be shitting me.  All of American Pegasus posts were a combination of trolling and wishful thinking.  Now people are posting claiming he was some type of market oracle when all he was doing is attempting some ghetto 'law of attraction' similar to Trollgoossens of just spamming the price will go to infinity then praying other people actually believe you and enough suckers will pile into the pump and dump scam.  

The fact he somehow became momentarily rich then lost it all shows you what's really going on here.  It's just people that have no idea what's going on spamming "TO THE MOON!  MOON!" and then got temporarily lucky it actually happened, then their luck ran out and back to square one.  You can't get by on luck, wishful thinking, or flipping coins forever.

[vapourminer]

looks like the shi'ite is hitting the proverbial mower blade ...

... i'm kind of ambivalent about nation state political/military leaders assassinating other nation state political/military leaders ... maybe with these hyper-surgical drone strikes they can just start 'terminating' each other (start with intelligence agency heads and the most war-like hawk generals first please) and then leave all the rest of us the fuck alone ... if they all chopped each others heads off then peaceful anarchy will be allowed to flourish without the psychopaths continuosly usurping authority and messing everything up for everyone else, that would be a perfect war, politicians, intel heads and generals die first, thnx.

tl;dr ...don't be afraid of the lawn mower blade, tallest poppies go first and the termites will be feasting on each other.

the real surgical strikes will be when we all have implants in our bodies inserted at birth - or anytime (((they))) want really. then, just need the weapon to target that implants ID. snimple.

[LFC_Bitcoin]

I think I’m going to do this weekly, saw something similar elsewhere so here we go.

For anybody interested, this is the WO BTC millionaire tracker. Hopefully many of you will cross this milestone in the next 2 years.

Tuesday 6th Jan 2020 -
132.81 BTC to have $1,000,000 USD right now.

I will probably repost with updated stats once a week, we’ll do it again Monday 13th Jan & then every Monday following.

[realr0ach]

the real surgical strikes will be when we all have implants in our bodies inserted at birth - or anytime (((they))) want really. then, just need the weapon to target that implants ID. snimple.

Or by being stupid enough to use any form of Keynesian, digital currency scam based on artificial scarcity instead of physical metals and winding up with a barcode on your forehead.

[gentlemand]

Holy shit, just spent the last hour reading about what happened to American Pegasus.

The psychology of markets is fascinating, the psychology individuals have towards money even more so.

I can think of several people who if they wound up with millions of dollars would have nothing to show for it 2-3 years down the line 100% guaranteed. No matter what they did, no matter what you advised them, it would fly away from them.

Some people simply are not born to handle it and nothing can change it. It's fated the moment you pop out of your mother's arse, or wherever people emerge from in these troubled times.

[Paashaas]

River Financial Wants to Be the Bitcoiner’s Charles Schwab.

Then shitcoins happened.

“I thought that a company like Coinbase was going to build this bitcoin financial institution,” Leishman said. “But in the bubble of 2017, I realized when Coinbase and others started adding these new assets and chasing these new shining things, that they weren’t going to build what I thought they were and what I thought should exist. I felt like now was the time to do this.”

So he began doing it in February 2019 and River landed its first hire one month later. The rest of the year would be a mad dash to wrangle investment capital, hire out staff and jump through the burning hoops of bureaucracy in multiple states to receive a money-transmitter license from regulators.

All of these pieces contribute to the picture of what Leishman envisioned in college: a financial institution for a non-national monetary system. This is why he pushes back against identifying River as an exchange. It’s not a place to trade bitcoin or altcoins; it’s a place to buy bitcoin and leverage a “suite of consumer financial services for individuals and institutions around bitcoin,” Leishman said.

For individuals, this means the base brokerage services and custody services if they aren’t comfortable holding keys themselves. In the future, Leishman hopes, this may also take the form of providing payment services, where users can spend bitcoin on the Lightning Network through a “pseudo-custodial method” where River provides routing and liquidity but the user maintains control of their keys in their Lightning wallet.

For institutions, River will look to offer business accounts that let them save with bitcoin and also pay their employees in it with automated payroll. Deposit insurance is also high up on River’s to-do list, and it aspires to offer bitcoin lending services down the road, as well.

Brian Armstrong had gold in his hands but wasted that potential with shitcoins and now somebody else will take that opportunity.

[fillippone]

https://m.youtube.com/watch?v=ocs9uv--i00

A joke, a truth, a classic ..... whatever it’s WO material 

https://twitter.com/nowthisnews/status/1214015509466886144?s=21

 Nice find Mr. MicG

Wait for it...