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

[bargainbin]

https://www.cryptocoinsnews.com/european-authorities-shut-down-five-darknet-websites/

"As CCN.LA’s Giulio Prisco wrote:

    It should be obvious that if enough people want to buy something, there will be providers. Crackdowns and seizures don’t eliminate online drug markets, but only push them deeper underground under the control of criminals. If the more “principled” providers are eliminated, the field will be left wide open to the less principled ones."

[ChartBuddy]

Coin



Explanation

[DeathAngel]

https://www.cryptocoinsnews.com/european-authorities-shut-down-five-darknet-websites/

Well it took them 4 years but they got them.

Nonetheless I'd say authorities won here. We all know that darknet isn't safe. That using it doesn't mean being anonymous.

A lot of the time people get caught by being stupid &/or complacent. Good security & anonymity practices should leave you unscathed as long as you're not a kingpin or something.

[bargainbin]

A notable retrocoiner, Mircea, concedes loss of faith in Bitcoin:

... the notion of "a majority of Bitcoin nodes" is void of content, most of the relay network being under the control of the same entity and supporting functionality not contemplated by the Bitcoin protocol (such as selective mothballing of specific transactions).1 This specifically means that "someone"2 has the ability to nuke transactions out of the network irrespective of whether they are validly signed or not, directly replicating functionality already available to fiat governments in fiat payment processors such as Visa or Paypal.

That a cartel of Bitcoin miners is deliberately and systematically withholding blocks for an interval of about 20 minutes to a half hour, so as to ensure themselves a (significant) advantage over any would-be competitors.3

http://qntra.net/2016/03/a-miner-problem/

Ha ha, they win. Again


VVVVVVVVVVVVVVVVVVVVVVVVV


P.S. Will $420 hold

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

In HK, Alex asked me to “respect” his time by agree the consensus asap. Also someone else told me he had bought long position just before the roundtable, if we did not agree, he would lose huge financially. If it was not these two, I would probably have escaped away that night.

https://www.reddit.com/r/btc/comments/48dzom/antpool_limiting_the_block_size_is_much_more/d0j7sqx

[BlindMayorBitcorn]

In HK, Alex asked me to “respect” his time by agree the consensus asap. Also someone else told me he had bought long position just before the roundtable, if we did not agree, he would lose huge financially. If it was not these two, I would probably have escaped away that night.

https://www.reddit.com/r/btc/comments/48dzom/antpool_limiting_the_block_size_is_much_more/d0j7sqx

[aztecminer]

 

yesterday, i totally forgot to look at price of bitcoin.. guess what.. i didnt miss anything . #GimpedCoin

[8up]

Decision point comes closer. And it doesn't look good for Bitcoin.

Transferred 100% out of cold storage into several exchanges.

Hodler for 4 years no more.

[ChartBuddy]

Coin



Explanation

[Tzupy]

Decision point comes closer. And it doesn't look good for Bitcoin.

Transferred 100% out of cold storage into several exchanges.

Hodler for 4 years no more.

Interesting... just a few days ago you were all up uP UP! May I ask what made you change your mind?

[DoktorKopf]

@oda.krell - Thank you


@NLC / BMB - Well done then, go claim your bonus.

http://cdn.meme.am/instances/500x/60990788.jpg

[bargainbin]

I remember driving a fwd shitbox in a snowstorm when I was a kid. 4-lane highway, car starts getting crossed up, but sloooooowly.
Enough time for friend to ask from the back seat, without raising his voice,
"we're gonna crash, huh?"
"Yeah, pretty much nothing I do seems to make much difference."
[pause]
"Well, you got nobody behind you..."
"I know. Sorry."
[pause]
"We're not gonna roll?"
"Nah, doubted..." [car finally blows off the road to the left, into divider ditch].

Won't belabor the parallels

[DaRude]

Decision point comes closer. And it doesn't look good for Bitcoin.

Transferred 100% out of cold storage into several exchanges.

Hodler for 4 years no more.

Yes sell all before the halfing in supply, sound strategy 

[bargainbin]

...
Yes sell all before the halfing in supply, sound strategy 

The supply is increasing every 9 minutes or so, will continue to do that in the foreseeable future.
You must mean *demand* halving

[8up]

Decision point comes closer. And it doesn't look good for Bitcoin.

Transferred 100% out of cold storage into several exchanges.

Hodler for 4 years no more.

Interesting... just a few days ago you were all up uP UP! May I ask what made you change your mind?

I thought we as a community would get our shit together. And as everything points to a decision point for (several month ) in the first decade of March, I thought this only could mean up. Now, as the decision point is around the corner, I think I could have been totally wrong and from here we could see the slow bleeding death of Bitcoin.

I observed my own behaviour for several month. Even in Jan. 2015 at $160 I bought a hell of coins, because I believed in the community. Since then no new money (from me) entered the Bitcoin space despite I still am expanding my crypto holdings. I think I was wrong and the decision point means down not up for bitcoin.

Edit: I left fiat because I couldn't agree with how it works. If I stay with Bitcoin while I feel the same, it is kind of self-betrayal.

[8up]

Decision point comes closer. And it doesn't look good for Bitcoin.

Transferred 100% out of cold storage into several exchanges.

Hodler for 4 years no more.

Yes sell all before the halfing in supply, sound strategy 

The halving was never a thing I placed my hopes on.

[BlindMayorBitcorn]

@oda.krell - Thank you


@NLC / BMB - Well done then, go claim your bonus.

Who’s paying for memes?? I want in on that for sure!

[hdbuck]

Decision point comes closer. And it doesn't look good for Bitcoin.

Transferred 100% out of cold storage into several exchanges.

Hodler for 4 years no more.

Interesting... just a few days ago you were all up uP UP! May I ask what made you change your mind?

I thought we as a community would get our shit together. And as everything points to a decision point for (several month ) in the first decade of March, I thought this only could mean up. Now, as the decision point is around the corner, I think I could have been totally wrong and from here we could see the slow bleeding death of Bitcoin.

I observed my own behaviour for several month. Even in Jan. 2015 at $160 I bought a hell of coins, because I believed in the community. Since then no new money (from me) entered the Bitcoin space despite I still am expanding my crypto holdings. I think I was wrong and the decision point means down not up for bitcoin.

weak hands and despair all over the place blaming the lack of kumbaya in whatever community you thought bitcoin was (its just a technology, not some frat club).

sell now cry later you impatient hype surfing crackhead.

bubye  

[bargainbin]

^^Don't stop trying, hdbuck. Sooner or later, you'll get it right