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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25440877 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. (157 posts by 13+ users deleted.)
Biodom
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July 15, 2020, 06:00:34 AM
Merited by JayJuanGee (1)

PR deal is not that exciting..there is time limitation (2035 or something like that), a need to be there physically 183 days each year, the possibility of a law change, the fact that it does not apply to gains that you already have, etc, etc.
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July 15, 2020, 06:58:48 AM

And yes, collusion between three miners is sufficient to amass 51% hashpower on the BSV network today. While such collusion on the BTC network would require the astronomically higher number of four.   Roll Eyes

Struggling with this one jb.

Calvin, Craig and the leading BSV dev makes three. Sure.
But four!? You mean pools?

Also there is that cost thingy...
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July 15, 2020, 08:04:10 AM
Merited by El duderino_ (4)

jbreher likes to pump them up too, I wonder why that is?   Roll Eyes Roll Eyes  He might want to chime his picnic bear ass into the mix, as well.    Cheesy Cheesy Cheesy Cheesy

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Quote
Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Coinbase is [...]

The topic on the table, DaRude, is not the ways Coinbase is evil, with the sole exception of them being centralized and trusted third parties. Stick to the goddam topic, ya ninny.

Quote
As far as centralization, see, it's a common knowledge that BTC is more decentralized than BSv...

Lacking a common definition of 'decentralization', no. It is not 'common knowledge', as these aspects depend upon what the meaning of decentralization is.

Seeing as you are too pea-brained to even have a definition which allows your brain to classify things along a decentralization spectrum, I suggest that 'you're outta your element, Donnie', and you may as well forfeit the discussion.

jbreher you feeling alright? you were the one who put up the claim that some shitcoin, who's market cap is less than bitcoin's daily volatility, is as decentralized as BTC, and then you're asking me to define decentralization? No one asked you, you laid a claim, man up, and explain your position and at least try to back it up with some metrics if you want to be taken seriously. Like i said, claiming that earth is flat and then asking us to define flatness, and then questioning said definition taking into the account spacetime continuum won't fly here, we're not noobs. I'll entertain a troll but i won't feed him
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July 15, 2020, 11:17:28 AM

2e accumulation phase will end in 3....2.....1.....
Globb0
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July 15, 2020, 11:21:08 AM

Does this sound familiar?

People who talk at places like "Harvard" or maybe "Oxford university"

https://www.youtube.com/watch?v=UwftRRc7EbI&fbclid


But its all a big fraud, not really at the place it pretends to be.


All the audience are also only there for their own "Marketing material"


Fraud people
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July 15, 2020, 11:29:49 AM
Last edit: July 15, 2020, 11:42:59 AM by ivomm
Merited by El duderino_ (4), vapourminer (1), Dabs (1), JayJuanGee (1), infofront (1), JSRAW (1)

Since there is nothing interesting happening rn, I would like to recall the most amazing predictions ever made about the near future of Bitcoin. The year was 2015, the price was around $200 and a guy on reddit posted this:
https://www.reddit.com/r/Bitcoin/comments/2y97hl/the_next_bubble_the_10k_25k_one_will_be_epic_and/?sort=new

It is as if he had a crystall ball. The price developed precisely the way he predicted it. Although he expected a top 25K and crash to 2K at the end of 2016, this was not far from what happened in 2017. Check out the comments below. Practically everyone behaved like a troll dissing his arguments.  Here are some of them:

----------
most coins on exchanges are just buy and sold after a 10% rise. Yes a huge buy order can kill the bots and start a rally, but at 2000 Eur everyone will be dumping like there's no tomorrow. btc is not like a stock, it's issued daily, hourly! that's a few millions per day.

The rise to $1200 was probably due to a highly illiquid market and dysfunction at mtgox.

Higher valuation leads to higher money supply in purchasing power terms. The current 3600 new BTC mined per day will need to be matched by demand at the higher valuation. I suspect things will get more interesting after a couple more reward halvings, at which time the annual BTC inflation rate will be very much lower than currently.

"the next bubble is virtually assured at this point" No it's not.

"We saw the bottom come in at $150" We have no idea if that was the bottom.

" end of the latest bear run." No one knows that.

"exponential expansion" Speculation.

"$2000, $4000.... $5000, $7000. Smiley"

"We may get all the way to $28k before the major correction" Smiley

"The next bitcoin bubble (due before the end of 2016)" Sure it is.

10k per bitcoin? such lol. Never going to happen dude. And I'm a Bitcoiner all through.

$300 this year would be a stretch.

Not going to happen. The big wave of new users are going to be poor people, who have to buy satoshi's worth of bitcoin. They are going to push the price up slowly. I think it will take over 20 years.
The price is far more likely to go below $100 than ever hit the numbers you mention.

Do you have any idea about the downward pressure on the price today, and how much stronger that pressure becomes tomorrow?

Sorry but I don't ever see another bubble in Bitcoins future. If the price is bound to go up like you say, then it will do so ever so slowly like we're seeing now

-------------

A similar prediction can be made today if we just multiply the numbers by 10. May be the year won't be 2022 but 2023 or 2024 and the top 180K instead of 250K. The general principles of the mass adoption are still valid. There is nothing exceptional about the last ATH at $20K, so it is highly probable that it will be significantly improved in the next years. I have to admit that I give little chances for $100K in the next 2-3 years, because of the current situation. But it is better to be prepared for such a scenario and not getting overly excited at prices $40K-50K and sell everything. This guy predicted also that everyone will expect the bull run to end below 5K, but the opposite will happen. Yeah, a lot of food for thought... I personally may sell up to 66% of my stash at this range $40K-50K but with the option either to buy back lower or to buy a real estate in a prestige sea resort. It depends on the time. My main motivation for hodling is this purchase, so I won't be sad if I will miss bigger profits in a more distant future. Besides, the possible profit of some future sell of that estate would be between 3x and 5x depending on the deal I make. But that's for me. For most hodlers, it is better to sell a smaller part of their stash. And of course, to plan a boating trip before the main sell Wink
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July 15, 2020, 12:35:23 PM

^The beautiful thing about BTC is it’s unpredictability.... maybe a top will come already this year maybe next or maybe the year after ....

Meanwhile, the dude will HODL and do some boating
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July 15, 2020, 01:15:25 PM

^The beautiful thing about BTC is it’s unpredictability.... maybe a top will come already this year maybe next or maybe the year after ....

Meanwhile, the dude will HODL and do some boating

Yah well do be careful with that. Boating. Tough on wallets, tough on the hodler of wallets.
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July 15, 2020, 01:31:09 PM

^The beautiful thing about BTC is it’s unpredictability.... maybe a top will come already this year maybe next or maybe the year after ....

Meanwhile, the dude will HODL and do some boating

Yah well do be careful with that. Boating. Tough on wallets, tough on the hodler of wallets.

We’ve seen too many lose their bitcoin’s at sea in recent years  Cry
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July 15, 2020, 01:37:16 PM
Merited by LFC_Bitcoin (1)

^The beautiful thing about BTC is it’s unpredictability.... maybe a top will come already this year maybe next or maybe the year after ....

Meanwhile, the dude will HODL and do some boating

Yah well do be careful with that. Boating. Tough on wallets, tough on the hodler of wallets.

We’ve seen too many lose their bitcoin’s at sea in recent years  Cry

Yeah there's no doubt some very rich whale out there in the vast oceans that gobbles the wallets that we've lost all up, whether paper or coldcard. Obviously he feels a bit sick when he has to try and digest all the shit trezor and ledger come up with, but money is money however easily compromised.
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July 15, 2020, 01:42:58 PM

The shit. I loiks to stir it. Cool
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July 15, 2020, 01:48:03 PM
Merited by JimboToronto (1), Hueristic (1), JayJuanGee (1), gentlemand (1), infofront (1)

And in other lost wallets...

Quote
Sometime in early 2019, an anonymous donor with a fondness for El Zonte discovered a forgotten thumb drive loaded with Bitcoin. He had originally purchased the asset when it was priced at around 5-10 cents, and put it aside for several years. Upon realizing what his holdings were now worth, the donor spent several days attempting to unlock his wallet. After many futile attempts, the donor was finally able to remember his passphrase and retrieve the funds. A believer in using blockchain technology to boost inclusion for the unbanked, he decided to seize this stroke of luck and put the funds to good use by allocating a multi-year six figure donation to El Zonte.

https://www.forbes.com/sites/tatianakoffman/2020/07/14/this-el-salvador-village-adopts-bitcoin-as-money/
https://archive.vn/kHzYU (archived so the buggers don't get the clicks etc.)

...clearly a news story short on facts but still.
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July 15, 2020, 02:26:29 PM

The shit. I loiks to stir it. Cool

You? I hardly believe it.
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July 15, 2020, 04:31:54 PM
Merited by El duderino_ (2)


Scenario: down to the dashed line, up to the dotted line...beats the reverse, IMHO.
What are our chances @Toxic2040? Most probable scenario?


Most probable? That we trade between the 0.382 and the 0.5 imho. People are buying and hodling bitcoin from what I am seeing. Has me thinking we could see a test at $10k soon..if not now then maybe by mid summer.

All I can really say is that my bitcoin feels more like $10k coins than a $5k coins atm.



-----


we trade in this range thru all of this..it will bode well for later this summer..you can see the baby bull standing tall
D

stronghands

#dyor

D
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July 15, 2020, 04:46:28 PM
Merited by El duderino_ (2)


cat shakes itself after tumbling down stairs
4h


kingfisher hunts the shallows
D
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July 15, 2020, 05:05:25 PM
Merited by JayJuanGee (1)

Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts

Quote
The storage will be offered on Kingdom Trust’s Choice retirement account, a hybrid self-service retirement platform where investors can buy, sell or hold stocks, exchange-traded funds (ETFs) and digital assets in one tax-advantaged account.

Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors.

“I think having Fidelity grow is so important for bitcoin and the market’s maturity that I’m willing to sacrifice a few basis points of margin for that,” Radloff said of the new business arrangement. “We think this is meaningful for a lot of people that already have Fidelity retirement accounts but have really been waiting for Fidelity Digital Assets’ mandate to mature from just an institutional one to institutional and retail.”
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July 15, 2020, 05:22:26 PM
Merited by El duderino_ (4), jbreher (1), JayJuanGee (1), jojo69 (1)

There seems to be some confusion regarding some of our talking points and their credibility.  I’ve made a quick reference guide of positive and negative points of support to help keep us on the right track.
 
There are very few BC’s that matter.
 
BC= Bit-coin, block chain, B-cups, ball caps and big cojones.

However, there are many negative caveats to avoid supporting, ie.

CB= crystal balls, central banking, Coin Base, Craig’s bullshit, Calvin’s bullshit, covid bullshit, custodial Bitcoin, cry babies, crypto bitches, cock blockers, carte blanche, chastity belts, charge-backs, check bounce and cheap beer. Otherwise known as the ‘crash & burn’ pile.

Happy Wednesday gents!  Wink
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July 15, 2020, 06:30:06 PM
Merited by El duderino_ (3), JayJuanGee (1), LFC_Bitcoin (1), AlcoHoDL (1)

Quote
Well, Bitcoin has stabilized at $9000s/coin....



https://www.reddit.com/r/Bitcoin/comments/hqtz2b/well_bitcoin_has_stabilized_at_9000scoin/
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July 15, 2020, 06:33:56 PM


Don’t be a Tom
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July 15, 2020, 06:37:07 PM
Merited by Icygreen (1)

Sorry Icy but you've gone too far now. I've been researching this matter for many decades, and am convinced that B-cups are just too damn small. Nothing to get one's teeth into.
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