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

[USB-S]

Ha Finex shorts are up 50% from 9.5k to 14k+ in 3 days. Almost there, getting my torch ready    

Of course shorts are up, why would anyone go long on BTC now?

Because BTC was, is, and will always be the reserve currency of crypto world.

People need to transact in between themselves. I get that smart contracts might be useful in the future, but at the moment the only thing useful that came out of ethereum, was that Vitalik lost his virginity.

[ahpku]

Ha Finex shorts are up 50% from 9.5k to 14k+ in 3 days. Almost there, getting my torch ready    

Of course shorts are up, why would anyone go long on BTC now?

Because BTC was, is, and will always be the reserve currency of crypto world.

Used to be true, in a sense, before exchanges updated to BTC/USD pairs. Now ETH has no need for inefficient legacy bitcoin middlemen

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

[hdbuck]

Ha Finex shorts are up 50% from 9.5k to 14k+ in 3 days. Almost there, getting my torch ready   

Of course shorts are up, why would anyone go long on BTC now?

Because BTC was, is, and will always be the reserve currency of crypto world.

Used to be true, in a sense, before exchanges updated to BTC/USD pairs. Now ETH has no need for inefficient legacy bitcoin middlemen

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

spending isnt the point of bitcoin anyway.

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

[USB-S]

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

For some reason I am more capable of managing my own money when it's in crypto form. When in fiat I make way too many emotional buys, which I don't really need.<- I used to get myself scammed into altcoins when I joined bitcoin, not once, but like 5 times. I'm a failure inside sometimes.
I've found that investing in a casinos bankroll is a better way to increase my bitcoin holdings. I like betking.io, but I've had more profit with moneypot.

I got my trezor and ledger wallet with bitcoins, a silver round from ognasty and bitcoin t-shirts(I bet there are more stuff that I've bough, but forgot). Also drugs, recently got 150pills of armodafinil from clearnet, it's 20% cheaper when ordering with bitcoins. One time my drugs got busted in the customs, but when you go in there with the mentality of show me the transaction where I bough the drugs or you haven't done your research, they won't do anything to you.

I'd love to try purse service in the future (I need a micro-sd card for my raspberry pi core node).

[dumbfbrankings]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

[USB-S]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

Besides, the only thing to do with eth is invest it in DAO. I've yet to see a good DAO project, hell I've even yet to see a good sustainable bitcoin project.
Everything is a scam until proven otherwise.

Correct me if I'm wrong, but in ethereum every node needs to execute the smart contract. Imo that's really a big waste of resources, when you have a much lighter version of the same system on the bitcoin network via rootstock, you can also use counterparty. Vitalik fucked this one up big time. How is he going to explain to his investors that he made a useless shitcoin.

[JayJuanGee]

Ha Finex shorts are up 50% from 9.5k to 14k+ in 3 days. Almost there, getting my torch ready    

Of course shorts are up, why would anyone go long on BTC now?

Because BTC was, is, and will always be the reserve currency of crypto world.

Used to be true, in a sense, before exchanges updated to BTC/USD pairs. Now ETH has no need for inefficient legacy bitcoin middlemen

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

This seems to be one of those XT/Classic talking points, that has been absorbed into the pro ETH/Anti-bitcoin propaganda... and that is a false dichotomy that attempts to suggest that at this point in time, bitcoin is directly competing with credit cards and various other payment systems.... In fact, bitcoin has much more to offer, besides such a narrow strawman vision.

[dumbfbrankings]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

If you weren't buying ETH at $7.11, you probably shouldn't be buying it at $14.30... ? IDK.

I don't think anyone knows how much capital Blockstream will scare out of BTC before they capitulate. My impression is that Gregory's planetary sized ego would rather see it all burn than compromise.

[USB-S]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

If you weren't buying ETH at $7.11, you probably shouldn't be buying it at $14.30... ? IDK.

I don't think anyone knows how much capital Blockstream will scare out of BTC before they capitulate. My impression is that Gregory's planetary sized ego would rather see it all burn than compromise.

I saw the hype coming when eth was at $2, at first I didn't think it was going to consume this amount of capital. Now I just think that I don't want to get dumped on.
I'm still bearish on the long term vision of eth. When men in black knock on Vitaliks door, god knows what will happen.

[ahpku]

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

For some reason I am more capable of managing my own money when it's in crypto form. When in fiat I make way too many emotional buys, which I don't really need.<- I used to get myself scammed into altcoins when I joined bitcoin, not once, but like 5 times. I'm a failure inside sometimes.
I've found that investing in a casinos bankroll is a better way to increase my bitcoin holdings. I like betking.io, but I've had more profit with moneypot.

I got my trezor and ledger wallet with bitcoins, a silver round from nasty and bitcoin t-shirts(I bet there are more stuff that I've bough, but forgot). Also drugs, recently got 150pills of armodafinil from clearnet, it's 20% cheaper when ordering with bitcoins. One time my drugs got busted in the customs, but when you go in there with the mentality of show me the transaction where I bough the drugs or you haven't done your research, they won't do anything to you.

I'd love to try purse service in the future as well(maybe get an micro-sd card for raspberry pi core node).

So you bought a bunch of bitcoin things (Trezor, bitcoin t-shirts, and a silver round Nasty) and some overpriced caffeine pills (which got you noticed by customs).
If I told you I bought myself a hundred-dollar credit card holder and some Visa t-shirts & a silver "VisaFans coin" from another CC enthusiast with my CC, would that win you over to real money?

spending isnt the point of bitcoin anyway.

My point exactly. Also isn't the point of ETH, so why even bring it up?

[USB-S]

@USB-S: Other than drugs (and, obviously, exchanges), what did you spend BTC on that wouldn't have been much simpler, cheaper & safer to buy with plain old CC?
(This is an honor system question, so no lying)

For some reason I am more capable of managing my own money when it's in crypto form. When in fiat I make way too many emotional buys, which I don't really need.<- I used to get myself scammed into altcoins when I joined bitcoin, not once, but like 5 times. I'm a failure inside sometimes.
I've found that investing in a casinos bankroll is a better way to increase my bitcoin holdings. I like betking.io, but I've had more profit with moneypot.

I got my trezor and ledger wallet with bitcoins, a silver round from nasty and bitcoin t-shirts(I bet there are more stuff that I've bough, but forgot). Also drugs, recently got 150pills of armodafinil from clearnet, it's 20% cheaper when ordering with bitcoins. One time my drugs got busted in the customs, but when you go in there with the mentality of show me the transaction where I bough the drugs or you haven't done your research, they won't do anything to you.

I'd love to try purse service in the future as well(maybe get an micro-sd card for raspberry pi core node).

So you bought a bunch of bitcoin things (Trezor, bitcoin t-shirts, and a silver round Nasty) and some overpriced caffeine pills (which got you noticed by customs).
If I told you I bought myself a hundred-dollar credit card holder and some Visa t-shirts & a silver "VisaFans coin" from another CC enthusiast with my CC, would that win you over to real money?

the package that got seized by customs, was 10grams of MDMA. After that I've stopped ordering from dark markets. All the packages that I ordered before MDMA got to me(mostly psychedelics). I didn't need the molly anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

[ahpku]

the package that got seized by customs, was 10grams of MDMA. After that I've stopped ordering from deep markets. All the packages that I ordered before MDMA got to me.(mostly psychedelics) I didn't need the molly anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

[USB-S]

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

No, they didn't even show me the product, only the package. Also most of my story was that I didn't know anything about the package, with a touch of poker face.  
Still a better experience than getting into ethereum.

[MingLee]

besides, do you buy anything with eth at all? i mean besides fuzzy dreams?

After doubling your money in a few weeks... I imagine you could buy anything you want.

BTC recently?... well, you can now buy 10% less... but it's not for spending, it's for hodling.

(Did you follow mircea after he flapped his cape and left #B-A?)

So you're saying get eth or lose value?
My mind says get eth and lose value.

If you weren't buying ETH at $7.11, you probably shouldn't be buying it at $14.30... ? IDK.

I don't think anyone knows how much capital Blockstream will scare out of BTC before they capitulate. My impression is that Gregory's planetary sized ego would rather see it all burn than compromise.

I saw the hype coming when eth was at $2, at first I didn't think it was going to consume this amount of capital. Now I just think that I don't want to get dumped on.
I'm still bearish on the long term vision of eth. When men in black knock on Vitaliks door, god knows what will happen.

It's probably a better choice to be bearish when it comes to investing in ETH, it was looking very weak until the last week, and I wouldn't be surprised if there is a drop again in the near future. It might be worth getting into Ethereum and start hyping it once it drops next, but I would be skeptical at this point. A lot of this would just come down to timing and making the right investments at the right time.

[ahpku]

the package that got seized by customs, was 10grams of x. After that I've stopped ordering from deep markets. All the packages that I ordered before x got to me.(mostly psychedelics) I didn't need the x anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

No, they didn't even show me the product. Also most of my story was that I didn't know anything about the package, with a touch of poker face  

So TL;DR: You managed to lose money trying to buy shit from DNM, but it's totally cool because you did successfully buy a hundred-dollar CC holder and some other equally cool bitcoin souvenirs? At least when I buy my BTCeanies, they don't need to buy a $100 BTCeanie holder, an "Kick me, I <3 BTCeancoin" t-shirt, and an overpriced, Chuck E Cheese-grade BTCeanie silver "round"

Still a better experience than getting into ethereum.

If you prefer to lose money, then I suppose. In the meantime, i'm sure Etherians are crying themselves to sleep, thinking how they accidentally increased their wealth SIXTEENFOLD IN HALF A YEAR

[USB-S]

the package that got seized by customs, was 10grams of x. After that I've stopped ordering from dark markets. All the packages that I ordered before x got to me.(mostly psychedelics) I didn't need the x anyways, it's a shit drug.

But credit is based on a pull system. When I shit, I usually push.

So customs released X to you after you've given them a credible story? That totally happened
OTOH, maybe, you're Canadian, ay?

No, they didn't even show me the product. Also most of my story was that I didn't know anything about the package, with a touch of poker face  
Still a better experience than getting into ethereum.

So TL;DR: You managed to lose money trying to buy shit from DNM, but it's totally cool because you did successfully buy a hundred-dollar CC holder and some other equally cool bitcoin souvenirs? At least when I buy my BTCeanies, they don't need to buy a $100 BTCeanie holder, an "Kick me, I <3 BTCeancoin" t-shirt, and an overpriced, Chuck E Cheese-grade BTCeanie silver "round"

Yeah I love the embarrassment when walking around with my magic internet money t-shirt. Sometimes it feels like people would see me as more sane when I didn't have a t-shirt on at all(I'd put bitcoin stickers on my nipples).

I was thinking about going to my local bitcoin conference(if that ever happens) with a bag of flour and interview bitcoiners. My main question would be on sustainable bitcoin investments, with a hint of snorting flour and record that.
Most local bitcoiners are sucking Vitaliks dick, so that would be a fun experience.

Am I sane enough for bitcoin yet?

Yet not insane enough to buy into eth.

[Gyrsur]

Bitslandia: much rage and devastation

But in Etheria, great joy and jubilation DANCE PARTY!!

https://youtu.be/5J47weWWmKo

[Fatman3001]

Ether pumpers are slowly dying.

Also called: living

[USB-S]

Isn't everything in life like gambling? At least in bitcoin you can chose to be the one with 1% edge.
Even 1% edge isn't sustainable if the casino makes a run for it. I bet my local bitcoiners know a lot more on growing bitcoins than I do. I'm a dummie on these types of things.

If there was an autonomous casino on the ether network with sustainable traffic I still wouldn't invest in that, because I don't trust ether as much as I trust bitcoin.

I think that Ethereum scam is currently fed by bitcoin block halving hype, only it has snowballed way out of hand.

[ImI]

ETH is more of a hedge at the moment. BTC seems very unstable.