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

[sirazimuth]

Whoa! Chelsea can ski almost as good as me.
Though I am impressed she can ski and drink with no ski poles..... (and no other things...)

(sorry off topic, but its Friday legendary drink nite, so I get a pass, yeah?)

GO BITCOIN

[600watt]

The rehabilitation plan for Mt.Gox has been accepted by the court. A timeline has been set, with the deadline for creditors' vote on the plan by October 8th. Any distribution will occur after creditors' meeting on October 20th. How long distribution itself will take is another matter, but those who choose early lump sum payments should presumably receive it within a year.

at least they show some respect to the current run up in price. imagine they would start distributing mid summer?

according to this time frame, all it could do is adding velocity to the -by then (next year) already ongoing downtrend. good. bullish.

[Wekkel]

Hi, a long time without publishing here, for my part everything is fine, but with many open fronts in work life, I hope to return soon when everything stabilizes.
Hugs.

Good to see you around.

[dieselmeister]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

dispite that you are feeling old, happy birthday

[bitebits]

[ImHash]

Is it dumping time yet or what exactly?

[serveria.com]

On an exchange/website I won't name a guy recently refunded 50BTC that he had stolen from it years before, his reason was : karma.


Arriemoller : happy birthday ! You could retire if it's not done already.

Thanks.
Retired three years ago. https://bitcointalk.org/index.php?topic=178336.msg33203248#msg33203248

So, in retrospect, was it a good decision to pay off all debt with BTC money? Paying off debt = cashing out = selling your precious coins. So if you have just hedl and went on with your monthly payments wouldn't it have been more profitable?

P.S. Happy BD! 

[serveria.com]

If plants have no feelings, why do they respond and grow better with soothing jazz and classical music than with jarring rock, hiphop or EDM?

* Makes note to self: Install speaker systems in greenhouses for ranch build out. Install DJ booth / club lighting / dancefloor in the "green green house"

Is this the point where you'll hire a Jazz/Classical Music DJ to help your plants grow?

No DJs. Just actual live musicians.

Bitcoiners should be able to afford the real thing, not some crappy recorded substitutes.

Leave the DJs to the shitcoiners.  

Yeah I can imagine shitcoiners replacing real hookers with sex dolls too at their party 

[serveria.com]

Whoa! Chelsea can ski almost as good as me.
Though I am impressed she can ski and drink with no ski poles..... (and no other things...)

(sorry off topic, but its Friday legendary drink nite, so I get a pass, yeah?)

GO BITCOIN

Nice bod for a 46yo. Great tits. I'd offer her my pole any moment... 

[JohnBitCo]

We need some news to pump the market. How about this one.  

Turn ON the Printer 

[Sayeds56]

The rehabilitation plan for Mt.Gox has been accepted by the court. A timeline has been set, with the deadline for creditors' vote on the plan by October 8th. Any distribution will occur after creditors' meeting on October 20th. How long distribution itself will take is another matter, but those who choose early lump sum payments should presumably receive it within a year.

at least they show some respect to the current run up in price. imagine they would start distributing mid summer?

according to this time frame, all it could do is adding velocity to the -by then (next year) already ongoing downtrend. good. bullish.

https://www.tradingview.com/chart/BTCUSD/hKOSCZyf-BTC-Cycle-break-down-WHY-YOU-SHOULD-HODL/

[Poker Player]

So, in retrospect, was it a good decision to pay off all debt with BTC money? Paying off debt = cashing out = selling your precious coins. So if you have just hedl and went on with your monthly payments wouldn't it have been more profitable?

P.S. Happy BD!  

I don't know what the he will answer but from a purely accounting point of view that would be like borrowing money to buy Bitcoin and that carries risk. I opened a thread on the subject yesterday and all the answers are contrary to borrowing money against your Bitcoin.

[JSRAW]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

[600watt]

this technical evolution timeline is an important piece to study. so much knowledge is concentrated here. there would be far less consequential misunderstandings of bitcoin-technology if more folks would be able to draw conclusions out of this. some examples:

-bitcoin has a rich history of technological advances that were all tested and used and have proven to be rock solid. it was not a invention that came out of the blue. it is using reliable tech as a foundation.

-bitcoin is a breakthrough in computer science, not just a data entry on some server. lots of no-coiners still view bitcoin as something like airline miles that just got speculated up to sky high figures (tulip-mania)

-as bitcoin is a unique combination of several well understood technologies, it is this combination that makes it work and NOT its transaction history database called blockchain. this combination we can refer to as bitcoin-technology. in contrast to the semantic wasteland referred to as "blockchain-technology".

-bitcoin technology was designed for a special purpose (scarce digital cash bearer instrument) and is serves this very special purpose with immaculate perfection for more than a decade. when it comes to money/value - why rely on a system where unverifiable trust is mandatory when you can opt out to a system with trustless verifiability?

-bitcoin-technology solves cheating and lying within its technical boundaries of a monetary digital network. people that do not understand this evolution easily fall victim to the idea that the technical elimination of trust in this highly specialized field somehow gave way to a new technology that is capable of doing the same trick to anything else like supply chains or ownership titles. this new tech is referred to as "blockchain-technology". satoshis intend was not to invent "blockchain" that "will change everything"

-"blockchain-technology" is not a technology. how can the transaction history of a digital money network resemble a technology?  whenever "blockchain-experts" try to build something useful they are using parts of the technical developments shown in the above timeline, and that makes it look like technology. they- for example re-invent tamper-proof databases and think it has something to do with "blockchain"


edited.

[friends1980]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Arrie, congratz mate. Time flies, enjoy every second of it and only do whatever you feel like doing! Enjoy and have a good glass of wine/beer/bubbles!

[shahzadafzal]

wait a minute... is it Pakistani flag on her back?

Aapne ghabrana nahi hai..

Boss got laser eyes!

[dieselmeister]

Is it dumping time yet or what exactly?

The sell presure should be relieved since yesterday and the miners, or "one specific miner of unknown origin", have now the first time since dec a net income, so less outflow than they produce. I think that now are some traders, who think, that they get 42k again and shorten.
Latest at the beginn of next week, they all will get rekt so hard and we go back on track. Maybe later this day, when the US starts waking up and relaize 1.9 Trillion are on the way. I thin it'S 6 o'clock on the east cost ther, so let them wake up and let them pump the fuck out of our corn!

But it's only aan opinion. We had some very very bullish news the last week, but because of the dump from our "miner of unkown origins" then didn't stick. LEt the people realize, on April a new firm will buy bitcoins (got the allowence of the sec). Micahel bought ... All news where suppressed buy the fear of this dump for ants.

Btw I measured it this morning. In Jan we had a 32% drop and now we are by 23% ...

So I would say, there "dips" are slowing down and will not last long ... So buy corn as long they are so cheap as now!

[AlcoHoDL]

this technical evolution timeline is an important piece to study. so much knowledge is concentrated here. there would be far less consequential misunderstandings of bitcoin-technology if more folks would be able to draw conclusions out of this. some examples:

-bitcoin has a rich history of technological advances that were all tested and used and have proven to be rock solid. it was not a invention that came out of the blue. it is using reliable tech as a foundation.

-bitcoin is a breakthrough in computer science, not just a data entry on some server. lots of no-coiners still view bitcoin as something like airline miles that just got speculated up to sky high figures (tulip-mania)

-as bitcoin is a unique combination of several well understood technologies, it is this combination that makes it work and NOT its transaction history database called blockchain. this combination we can refer to as bitcoin-technology. in contrast to the semantic wasteland referred to as "blockchain-technology".

-bitcoin technology was designed for a special purpose (scarce digital cash bearer instrument) and is serves this very special purpose with immaculate perfection for more than a decade. when it comes to money/value - why rely on a system where unverifiable trust is mandatory when you can opt out to a system with trustless verifiability?

-bitcoin-technology solves cheating and lying within its technical boundaries of a monetary digital network. people that do not understand this evolution easily fall victim to the idea that the technical elimination of trust in this highly specialized field somehow gave way to a new technology that is capable of doing the same trick to anything else like supply chains or ownership titles. this new tech is referred to as "blockchain-technology". if satoshis intend was not to invent "blockchain" that "will change everything"

-"blockchain-technology" is not a technology. how can the transaction history of a digital money network resemble a technology?  whenever "blockchain-experts" try to build something useful they are using parts of the technical developments shown in the above timeline, and that makes it look like technology. they- for example re-invent tamper-proof databases and think it has something to do with "blockchain"

edited.

Thanks 600watt, you saved me the typing. Take my last merit. The image above is very important, as it encapsulates the history of how Bitcoin came to be what it is today. It was not just a man's creation, but a long process of developing the foundations, ideas and technologies that have shaped Bitcoin, a process that is still ongoing, as new additions/improvements to the protocol are carefully implemented (SegWit being the most important so far). I stress the word carefully, for those who are eager to quickly add new things or make changes (like block size increases) without considering the implications.

To me, as a devoted electronics engineer and science/technology lover, it is an extremely powerful feeling, almost to the point of shedding tears (literally) when I imagine the dreams and ideas of those early pioneers, and the determination and hard work of the cypherpunk community to turn those dreams and ideas into reality. All without monetary gain, all for free, as a contribution to society. Satoshi Nakamoto is, of course, the man/team behind getting it all together and setting it in motion.

Regardless of what will happen to Bitcoin in the future, and if it is replaced by something else or dies out (and I strongly believe it will carry on existing and improving long after we all have passed away), it will always be the protocol that started it all. A point of reference for all future digital monetary tech. It will be taught at universities (already happening) and will be included in history books. These are great times we live in, and we are all privileged to be a part of this.

Edit: Corrected typo, improved syntax.

[HairyMaclairy]

Craig Wright probably timed his law suit against the Core developers to try to crash the market, but badger don’t care.

[AlcoHoDL]

Craig Wright probably timed his law suit against the Core developers to try to crash the market, but badger don’t care.

That's the definition of a robust network. Do anything that can be done to it (FUD, legal action, abuse, use by criminals, DDoS attacks, Mempool overloading, whatever) and it should be able to take it all and spit it out. So, to all Craig Wrights out there, I say bring it on!