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

[jl2012]

bitcoin isn't gonna down deeper unless there are some of the major bugs in bitcoin.

Wait for the first roll-out of RBF. Not bugs per se, but new, unique gaming opportunities for the clever scriptwriters.

Mind you, they are in such a panic to rush this through, I'm sure there will be some fun bugs too.

RBF could be the 'killer-app' that the alternative clients need to gain traction. With less than 40% on the last core update, it will be interesting to see how many bother.

RBF seems to be a necessary ingredient for LN. Can anybody explain how?

No, LN does not need RBF. LN only needs BIP68, 112, and segregated witness

[hdbuck]

bitcoin isn't gonna down deeper unless there are some of the major bugs in bitcoin.

Wait for the first roll-out of RBF. Not bugs per se, but new, unique gaming opportunities for the clever scriptwriters.

Mind you, they are in such a panic to rush this through, I'm sure there will be some fun bugs too.

RBF could be the 'killer-app' that the alternative clients need to gain traction. With less than 40% on the last core update, it will be interesting to see how many bother.

RBF seems to be a necessary ingredient for LN. Can anybody explain how?

No, LN does not need RBF. LN only needs BIP68, 112, and segregated witness

And I need a selfiestick, a kebab and a hammock.

[BlindMayorBitcorn]

bitcoin isn't gonna down deeper unless there are some of the major bugs in bitcoin.

Wait for the first roll-out of RBF. Not bugs per se, but new, unique gaming opportunities for the clever scriptwriters.

Mind you, they are in such a panic to rush this through, I'm sure there will be some fun bugs too.

RBF could be the 'killer-app' that the alternative clients need to gain traction. With less than 40% on the last core update, it will be interesting to see how many bother.

RBF seems to be a necessary ingredient for LN. Can anybody explain how?

No, LN does not need RBF. LN only needs BIP68, 112, and segregated witness

And I need a selfiestick, a kebab and a hammock.

I have a salmon, a bag of toasted almonds and a rope.

Close enough?

[hdbuck]

bitcoin isn't gonna down deeper unless there are some of the major bugs in bitcoin.

Wait for the first roll-out of RBF. Not bugs per se, but new, unique gaming opportunities for the clever scriptwriters.

Mind you, they are in such a panic to rush this through, I'm sure there will be some fun bugs too.

RBF could be the 'killer-app' that the alternative clients need to gain traction. With less than 40% on the last core update, it will be interesting to see how many bother.

RBF seems to be a necessary ingredient for LN. Can anybody explain how?

No, LN does not need RBF. LN only needs BIP68, 112, and segregated witness

And I need a selfiestick, a kebab and a hammock.

I have a salmon, a bag of toasted almonds and a rope.

Close enough?

Heh, could do.

Question remains tho: does bitcoin *need* LN and its baby forks armada?

I have ma popcorn basket ready.

[Omikifuse]

It is me or the images from the ChartBuddy are not appearing?

[hdbuck]

It is me or the images from the ChartBuddy are not appearing?

Blame it on the *unlimited* sized image.

[aztecminer]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

How many PM transactions can your local pawn shop do an hour?

You can at least walk into a Subway restaurant and buy food with Bitcoin.  Who takes gold for food?  Nobody?  Maybe some place in India?  Or maybe spending a $1000 gold coin at $1 govt face value?

that is not why we hold gold .. we obviously would not use gold to buy a sandwich at subway... instead, we would exchange gold at the state depository for local currency, or possibly even bitcoins, or other crypto-currencies. .. today, i can exchange bitcoins for gold or gold for bitcoins at bitstamp... we buy gold to store our wealth outside the banking system .. if you keep your local currency in the bank you risk bail-ins, and at the very least, watch its loss in purchasing power due to the federal reserve shenanigans .. that is the difference between money and a currency.. money is a store of value, while currency cannot store value as it is always losing value.

i do not believe anything is going to change from the status quo until the usd collapse and death as reserve currency.. until that happens, pms will continue to be artificially suppressed, bitcoin and crypto-currencies will continue their games, stock market will be where most the sheeple are herded into, the remainder of the sheeple are being herded into bitcoin.

when the usd collapses then will commence the "big block of cheese day" in which all usd will require to be converted to the new us currency (whatever that might be, maybe it is the amero, or schiest dollar, or whatever) .. all bank accounts will auto-convert to the new currency during the after banks close on friday for bank holiday .. during the conversion about 70% of wealth over 100k will be bailed-in to the banks .. for some it will be a double hit .. stock market will be wiped out during the reset because they will have to pop that bubble to reset stock market for new currency that has lesser purchasing power ..

those who have metals will then see their stashes multiply during the reset. it appears silver will likely out perform gold during the reset. i speculate this due to JP Morgan Chase Bank stockpiling silver. i believe the speculation that silver will reach $100+ is conservative. i think one oz of silver will increase to $1000+ (complete speculation) in the new currency and bitcoins or other crypto-currencies..

bitcoin is probably NOT going to be the local US currency unless it resets at like 1M per bitcoin before they roll everyone into it. they need people to 'miss the boat' with bitcoin so that most people will only ever see fractions of bitcoin and never a full bitcoin in their lifetimes... of course they cannot do that today due to the bandwidth issues .....it appears as though bitcoin has been designed to be an international form of currency due to their wishes to install "blockchain blacklists" ..... i think they require a new currency that will be heavily devalued, which i am not sure bitcoin would fit the bill here ..... they might be planning to kill bitcoin and replace w something else that already has the sanctions code built in.... . the goal of all this is to transfer/steal as much wealth as possible from americans while maintaining international power of monetary control with sanctions using the new innovative technology of blockchain.

[ChartBuddy]

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Explanation

[suda123]

RBF? LN? ELI5 TLA? ty

This

[aztecminer]

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

Absolute crazy talk. Let me repeat back what I think you said, and see if I understand your conjecture.

US Government is planning on tanking the US Dollar. Bitcoin is a tool they created in order to facilitate this goal. Despite the strategic value of this tool, .gov decided to use it to extract vast sums via auction. Except it wasn't vast sums - it was a paltry ten mil $. And that's not the pump - that's the entire value. In a tril $ economy. This from the cabal that can print money at will. Right.

Sorry - doesn't pass the sniff test.

that is not what i said at all. now u are putting words in my mouth to make yourself feel more confident to buy more bitcoins... i don't care if you buy bitcoins... go buy more bitchcoins this morning... i own a bunch of them too... nothing crazy about seeing through their BS.. yeah demand suddenly went up during marshal's auction.. i believe ya.

Well, I'm glad I reiterated it, because that's how I interpreted it. I certainly don't wish to put words into your mouth. Let's see where I went wrong:

1) US Government is planning on tanking the US Dollar. Is this your belief?
2) Bitcoin is a tool they created in order to facilitate this goal. Is this your belief?
3) ... .gov decided to use [bitcoin] to extract vast sums via auction. Is this your belief?

thanks

1) what i said is that some people are speculating that the federal reserve rate hike is them pulling the plug on the usd . the reason some people speculate this is because there is no rational reason for the fed to raise rates.

2) i do believe bitcoin is a tool, but nowhere have you seen me say that bitcoin is being used to kill the dollar.. however, u have seen me say that bitcoin could possibly be used as a currency after the usd collpase.

3) absolutely, the us govy under barack obama used bitcoin to extract a profit in USD during the last marshal's pump... ABSOLUTELY.... the usa digs for every single dollar they can beg, borrow, or steal... the usa citizens pay the highest most abusive taxes the world has ever seen.. the usa extracts large sums of usd using fines to foreign banks throughout the world.. the usa has even recently extracted large sums of usd from the crypto-currency RIPPLE using this tactic as recently as only a few months ago. ABSOLUTELY.. bitcoin was pumped during the 'MARSHAL'S PUMP" with the intent to extract as much usd from the auction as they believed they could get away with.

it might be the flouride where you are going wrong causing your brain to misread and bungle what i actually said into your interpretation and then reiterate it.

[Fatman3001]

RBF? LN? ELI5 TLA? ty

This

RBF = Resting Bitch Face



It's very "in" now it seems.



LN = natural logarithm (ln)

Edit: BCT refused to show Gavin, but if you press the "invalid image" banner I have provided a hyperlink.

[ChartBuddy]

Coin



Explanation

[sAt0sHiFanClub]

bitcoin isn't gonna down deeper unless there are some of the major bugs in bitcoin.

Wait for the first roll-out of RBF. Not bugs per se, but new, unique gaming opportunities for the clever scriptwriters.

Mind you, they are in such a panic to rush this through, I'm sure there will be some fun bugs too.

RBF could be the 'killer-app' that the alternative clients need to gain traction. With less than 40% on the last core update, it will be interesting to see how many bother.

RBF seems to be a necessary ingredient for LN. Can anybody explain how?

No, LN does not need RBF. LN only needs BIP68, 112, and segregated witness

That is not quite accurate.

RBF buys time for LN - by accelerating the development of the so-called 'fee market' (meaning higher fees) and keeping blocks as small aspossible -hoping that the 1MB limit wont be an issue until LN is in place, at which point the limit wont matter because the alternative off-chain solution ^tm is in place.

It a business decision, not a technical one. There is a poorer business case for LN where cheaper space is available in the block.

(source:   here. )

[BlindMayorBitcorn]

Why postpone the inevitable with RBF? It’s so convoluted. The authors of the LN whitepaper have said eventually it will need bigger blocks anyway.

I'm sure I'm missing something...

[sAt0sHiFanClub]

Why postpone the inevitable with RBP? It’s so convoluted. The authors of the LN whitepaper have said eventually it will need bigger blocks anyway.

I'm sure I'm missing something...

It boils down to Core wanting larger blocks - but only on their terms ( where LN is functional)

Bigger blocks on anyone else terms ( the present users) is a no-no. Contentious hard fork, ddos, etc.

When LN is ready, Im sure we will be told that a hard fork wont be so bad.

4 legs good, 2 legs better....

[aztecminer]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

Yeah... fuck metals.


I am not opposed to investing a little of everything, but a person only has so much money to spread around.


Even if Bitcoin may not succeed, and even if bitcoin may be subject to a considerable amount of manipulation by potential scam exchanges and banks throwing fiat at it to drive down the price, in the end, Bitcoin has way more upside potential than any of the various precious metals.  

We could go into a detailed calculation regarding the various upside and downside potentials of each kind of investment, and we would conclude that there are probabilities that various metals could appreciate - maybe even 100x...

but at this time, in the current state of affairs, bitcoin has greater probabilities  and greater expected future value.... accordingly, bitcoin seems to be an overall better investment than precious metals...

Certainly, we will see how this plays out, and every person should perform his/her own calculations in order to determine which ones s/he considers to have the better expected future values and various probabilities that s/he attaches to future appreciation of each (and then invest accordingly).

we could argue that bitcoin could easily be replaced by manipulators with another crypto-currency, while pms cannot be replaced by another pms.. one oz of silver is the same as another oz of silver regardless of what is inscribed on its surface or by what name we call it .. this is not the same truth for cryptos in general unfortunately . .. the value of bitcoin could go to zero and never go up again, while pms will ALWAYS be worth something. currently, bitcoin has several unresolved issues that make it a much greater risk as an investment than metals.

[suda123]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

Yeah... fuck metals.


I am not opposed to investing a little of everything, but a person only has so much money to spread around.


Even if Bitcoin may not succeed, and even if bitcoin may be subject to a considerable amount of manipulation by potential scam exchanges and banks throwing fiat at it to drive down the price, in the end, Bitcoin has way more upside potential than any of the various precious metals.  

We could go into a detailed calculation regarding the various upside and downside potentials of each kind of investment, and we would conclude that there are probabilities that various metals could appreciate - maybe even 100x...

but at this time, in the current state of affairs, bitcoin has greater probabilities  and greater expected future value.... accordingly, bitcoin seems to be an overall better investment than precious metals...

Certainly, we will see how this plays out, and every person should perform his/her own calculations in order to determine which ones s/he considers to have the better expected future values and various probabilities that s/he attaches to future appreciation of each (and then invest accordingly).

we could argue that bitcoin could easily be replaced by manipulators with another crypto-currency, while pms cannot be replaced by another pms.. one oz of silver is the same as another oz of silver regardless of what is inscribed on its surface or by what name we call it .. this is not the same truth for cryptos in general unfortunately . .. the value of bitcoin could go to zero and never go up again, while pms will ALWAYS be worth something. currently, bitcoin has several unresolved issues that make it a much greater risk as an investment than metals.

Tbh it depends on the situation if Bitcoin goes up first compared to metals, on the other hand gold and silver could be worth 100+1000+ bitcoins if it goes up first. I guess it's best to diversify. Also Bitcoin was made by the TPTB

[aztecminer]

guys... the US govy is manipulating the price of pms down, meanwhile, they are manipulating the price of bitcoin upwards. additional adoption is week because new user adoption remains extremely weak. the us govy pumped bitcoin for the marshal's auction.. to make a profit. .... this pump was also used in a desperate attempt to draw in more new users... problem is the flouride and aluminum brain coated morons wiped out some bitcoiners, because those bitcoiners knew what the real value of bitcoin should have been at the time.



bitcoin is a SCHEME to scam people from buying pms.

I am down 55% on my Pms holdings. Bitcoin I am 50-60% up.

Metals are always manipulated and people have been saying for years that silver will be $100 per oz or $500 per oz. I wouldn't believe Shiff, Maloney etc too much. The only reason I won't sell mine if because I am so down on my investment.

Who knows what it would take for especially silver to go up. A miracle?

they have you right where they want you atm. your thinking your PMS are a bad investment and that bitcoin is a good investment. they would love if you sold your PMS and bought bitcoin. because when the collapse occurs and the dollar is finally toast, then a reset can happen. the reset happens on the big block of cheese day when all usd in bank accounts is frozen and bank bail-ins start. the usd cash you have now will need to be turned into the new domestic dollar. this will happen automatically to your cash in the banks. all usd will lose about 70% purchasing power during the currency exchange. meanwhile, PMS will reset at multiples higher value. i am not sure what happens to bitcoin. it could die altogether. they suck people into a currency that they can devalue quickly. bitchcoin fits this well.

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

2. desperation for new user adoption.


they pumped it too early. now they have to go sideways above 400 for months. the halving is still six months away. if there is a new adoption frenzy buying it will happen closer to halving. it aint gonna matter cuz they can't get their 'sanctions' code in without the entire world knowing about it.

like Bill Holter said yesterday: there is no rational reason for why the fed raised rates.

something is up. we may be closing in on crunch time. some have speculated that the fed is pulling the plug on the usd.

Who would have thunk that you are such a psycho fanatic conspiratorialist? 

If you are so bearish about bitcoin, then what are you doing participating in these forums?  Are you here to save us?

Why don't you go live happily ever after and invest in your PMs, and go to their forums?  Why you need to be here to talk about bitcoin or try to persuade various readers, here, to buy into your bullshit theories regarding the supposed advantages of PMs instead of bitcoin?

i might own more bitcoins than you.. i own both bitcoins and pms, i participate in pm forum as well as this bitcoin forum.. just because you don't understand doesn't mean anything about me ::  http://themindunleashed.org/2014/10/scientific-study-reveals-conspiracy-theorists-sane.html

[aztecminer]

gimpedcoin still gimping along this morning. comon gimpedcoin! surely you know the halvinging is halving soon! there should be all kinds of interest to get in before then .. the reason : because the pump to where we are now was done for the marshal's.. there never was any additional demand for bitcoin. that is why this thing is going to flop .. because it is not real. their pump stole money from diehard bitcoiners. it is a joke that bitcoin is gonna attract more people when it repels people who have been into it for years... bitcoin has been gimped by the usa govy, who thinks they know wtf they are doing, meanwhile usd is on its deathbed.



ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

I think this guy sold his account to some FUD shill

really ?? and the fud shill is using my book cover as his avatar .

[ChartBuddy]

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Explanation