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

[strawbs]

I feel micro-offended on behalf of every colour

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[gembitz]

I can't believe SJW rot has infiltrated Bitcoin Core, to the point they ACKED a merge to change "blacklist" to "blocklist".

For Bitcoin.

A blockchain.

...

"satoshi" is racist too? :-D bwaahahaha

[vapourminer]

ok

heres the ultimate insult to offend someone here

you... NOCOINER!!!!!!!!!!!

[d_eddie]

Long stick up, two paltry blips down. I think we'll have fun come Christmas.

[nutildah]

ok

heres the ultimate insult to offend someone here

you... NOCOINER!!!!!!!!!!!

       

[arcmetal]

To this day I still do not have a clear explanation for why the alts all went sky high at that time.  It may have been some kind of spill over effect from btc's rise in Dec of 2017.   But it was cool, it gave me a decent stash of btc. (it still doesn't wipe out the regret of having sold so many in the early days, but whatever)

I'll tell you exactly why. The whale pumpers had already started the Bitcoin bull run back in 2015/2016, but turning the corner into 2017, they needed a mega distraction. (The theory is that whales already had insider knowledge of the coming BTC futures market launch near the end of 2017). They wanted everyone possible to sell their bitcoin prior to the blow off top. That is how they make money, by FUDing and second-guessing everyone out of their bitcoin at all the wrong times. Also at the same time, Roger Ver and Wu were forking Bitcoin (over Segwit and the blocksize debate), and whale traders were legit attempting a "flippening" with ETH, and trolling the shit out of the forums during all of it. ICO scams around ETH were also running rampant.

So by mysteriously pumping every other shitcoin known to man sky high, suddenly and without explanation, while at the same time selling off bitcoin, starting a flame war around SegWit and the blocksize debate, pumping a supposed ETH "flippening" with ICO scams, and shilling/pumping the new BCH fork, they were legit trying to scare all the n00bs right out of bitcoin and right into the shitcoin markets. It's clear that stirring FUD was all part of their plan. I'm guessing it worked on some people. If you remember, there was MEGA trolling and confusion going on at the time. Then they pumped Bitcoin parabolic right on the BTC futures launch in November 2017.

Thank you for this answer.  Back in 2018 I had posted a question about the alt's spike in January, within the general discussions, but received zero replies.  My guess was that no one had a good answer.  I'll count yours as the first reply.

This next run up to a new ath should see around an order of magnitude increase in price, and with all that money circulating there should be an order of magnitude increase in shenanigans.  And officer Barbrady will be no where in sight to deal with it.

Its impossible to tell when or what the next ath will be, the only thing I know for sure is that it will be a fun ride.

edit:  ath, not atm.   

[strawbs]

[Paashaas]

https://twitter.com/PeterSchiff/status/1303009420713111553

[jbreher]

If you disagree, you’re a racist, which is obviously bad because racists believe that all Blocks should be chained, which is obviously bad because if you put Blocks in chains, you’re a racist.  Obviously bad.  “Blockchain” cancelled.  End of argument.

I agree completely.

The name should be changed to tangle.

From here on out, tangle should be the correct nomenclature for that formerly known as chain.

Unfortunately, the term 'tangle' is already understood to apply to an alternate crypto token database design that has no resemblance to a blockchain whatsoever.

[nullius]

The name should be changed to tangle.

From here on out, tangle should be the correct nomenclature for that formerly known as chain.

Unfortunately, the term 'tangle' is already understood to apply to an alternate crypto token database design that has no resemblance to a blockchain whatsoever.

jbreher lacks even an iota of basic comprehension in such matters as subtle, sarcastic humour.  Among other things.

You really think that Jay didn’t know this?  I snorted coffee out of my nose when I read it; don’t try to ruin the joke!

Still just passing through...

[elrippos friend]

https://twitter.com/PeterSchiff/status/1303009420713111553

Haaahhhhaaaaa 
I think the kid learns faster than daddy want's to believe 

[JayJuanGee]

If you disagree, you’re a racist, which is obviously bad because racists believe that all Blocks should be chained, which is obviously bad because if you put Blocks in chains, you’re a racist.  Obviously bad.  “Blockchain” cancelled.  End of argument.

I agree completely.

The name should be changed to tangle.

From here on out, tangle should be the correct nomenclature for that formerly known as chain.

Unfortunately, the term 'tangle' is already understood to apply to an alternate crypto token database design that has no resemblance to a blockchain whatsoever.

I thought that picnic tables were for partying.

You are the exact opposite of a party.... aka no fun.   

[nullius]

~

You are the exact opposite of a party.... aka no fun.   

[600watt]

I can't believe SJW rot has infiltrated Bitcoin Core, to the point they ACKED a merge to change "blacklist" to "blocklist".

For Bitcoin.

A blockchain.

...

we should fight back and stop saying blockchain but using blackchain from now on. To get even with the usage of the word „whitepaper“ 🤪

[Karartma1]

I can't believe SJW rot has infiltrated Bitcoin Core, to the point they ACKED a merge to change "blacklist" to "blocklist".

For Bitcoin.

A blockchain.

...

we should fight back and stop saying blockchain but using blackchain from now on. To get even with the usage of the word „whitepaper“ 🤪

This whole thing is mind-blowing. Not even Orwell's thought-police could have been able to make such a mess with our language. I guess we will see more and more newspeak terms to be developed soon.
One day, even mom and dad will not be the same.

[AlcoHoDL]

I remember several years ago, one of my university professors (world-famous in his field, from a department which produced a few Nobel laureates in physics) told me the following (in my own words, can't remember the exact phrases he used):

"In order to be able to innovate, to discover a new theory or law, you must open your mind to the impossible. You have to think outside of the box. You've heard of the Flat Earth movement, right? We all know its supporters are wrong, deluded, and we often make fun of them. But you must be able to enter their mindset. You must think like a Flat Earther. You must question everything, no matter how obvious it seems. Question everything, be brave enough to put it to the test, be brave enough to propose things that seem weird and outlandish. And back them up with experiments. Expand the boundaries of what is possible by conquering the impossible."

When I heard about him mentioning Flat Earth and its supporters, I initially thought he would make a joke about them, just like most people do. But he actually praised them. He praised their mindset and determination. I found this very interesting, and I recall his words every time I see or read about something that seems weird and "outright wrong". Is it? Are we really sure? These questions are etched in my mind.

Bitcoin has changed everything, because Satoshi Nakamoto dared to challenge an impossibility. He succeeded in making it a possibility, and something far beyond a mere thought experiment. He created a system that works, that has a practical application, and more than 10 years of robust, uninterrupted operation. And yet, there are still those that dismiss it and deny its significance. Even after so many years...

So, to answer Peter Schiff's poll, I choose the kid, because he dares to believe and embrace what many "experts" like Schiff deem impossible and a failure.

And, Peter, Bitcoin doesn't have a customer service number to call to reset your password. You forget it, you lose your coins, much like when you lose your wallet (try calling the Fed hotline for that). If you are too confused and don't get why this is so, we don't have time to explain it to you. Fuck you!

---

Edit: Corrected a typo.

[nullius]

One day, even mom female-identifying parent and dad male-identifying parent, partner of other parent will not be the same.

FTFY, with proactive added note to make sure that you do not dare to think of such offensive terms as “h***band” and “w*fe”.  You are behind the times—in the Dark Ages, using such sexist, gender-discriminatory, hetero-normative, cis-normative slurs!  Don’t you know that a man can become pregnant?  You ignorant bigot, just Google it...  (“Pregnant woman” is now incorrect:  It is “pregnant person”.)

Progress must be made.  Report for re-education.

Jimbo, you, too.

[Karartma1]

snipped only for reducing used space

Amen Brother!

[Paashaas]

LN Markets Closes Pre-Seed to Build Bitcoin Derivatives on the Lightning Network.

Lightning-based Bitcoin derivatives trading platform LN Markets announced it has closed a pre-seed funding round with investors such as Bitfinex and Arcane Crypto.

LN Markets told the BTC Times that since launching their alpha in March earlier this year, it had aggregated over $10 million in total volume, despite implementing maximum margin limits of 0.01 BTC.

Traders on the LN Markets application execute trades directly from their Lightning wallet without the need to rely on an exchange as a custodian, which further eliminates withdrawal queues that can occur at centralized exchanges.

“We did a demo with one of the largest fund managers in France and it was like magic to them. When you settle a traditional financial instrument, it can take up to three days. With Bitcoin, it can take between one hour and one day. But with Lightning, it’s instant,”

''Like magic to them?''  Imagine those faces when they realize its now instant.

[Cryptotourist]

Estimated Difficulty Change: +23.6%
Retarget Date: September 21, 2020

Finish up your drinks please!