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

[Mrpumperitis]

http://www.bitcoinblockhalf.com/
Bitcoin Block Reward Halving Countdown

9Hours 18minutes   

 

OMFG I can't believe this is really halvening!

im surprised most of us are all still alive and here,lol the amount of emotions we have went through coz of crypto...no average person could handle it,lol

The cake is real...the cake is real....

[marcus_of_augustus]

56

Happy Halvening ... passing out drunk l8ers

[petahashminer]

lol, are you ready for a spacetrip to the moon, fasten your seatbelts

http://www.thehalvening.com

[Mrpumperitis]

http://cointelegraph.com/news/paypal-files-patent-for-bitcoin-payment-device


http://qz.com/713528/paypal-is-warming-up-to-bitcoin/

[BlindMayorBitcorn]

oh fuck, i didn't think the level of lame dumb-ass FUD couldn't get any worse ... and then it just did

It's FUCD. Don get it twisted, institutional investor JayJuan"AllMyCoinsOnExchange"Gee said so. Buy Buy Buy! Or, just keep hodling like Marcus, he ain't no fool buying $600 coins.

(Is dragon sleeping again? He looks a little droopy going into the last "bullish backstory for loose rubes" event pre-2020.)

It's all fun and games until someone loses an eye.

53

[arctos]

I expect everyone here to be on time contributing to the buy pressure

52

[Hunyadi]

[iikun]

I expect everyone here to be on time contributing to the buy pressure

52

Seems there is quite a lull before the storm. Just hoping the storm is upwards & not a wipe-out ^^;

[koryu]

50 Blocks til 420,000th Block
You know what that mean? Get ready to blaZe it 

[julian071]

http://cointelegraph.com/news/paypal-files-patent-for-bitcoin-payment-device


http://qz.com/713528/paypal-is-warming-up-to-bitcoin/

Steve Erwin (rip) would say: "Look at the size of this news! It's HUUUGE".

The whales will be forced to dump again.

[BlindMayorBitcorn]

I should report all of you for off-topic posts.
Bitcoin price is moving. Downwards.

[Master mind]

http://www.bitcoinrichlist.com/top100

 

[Mrpumperitis]

So tense...im feeling a dump btw...why rush to buy in last few hours...
I think dump, its one last chance for a shake out, then within next day or two...boom back up

[PoolMinor]

So tense...im feeling a dump btw...why rush to buy in last few hours...
I think dump, its one last chance for a shake out, then within next day or two...boom back up

Yep one last chance...

[Fatman3001]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence.

However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.

But energy is just an underlying need in all things based on computational technologies, and we have just founded this critical issue a priori, so the potential value of bitcoin was never calculated based on its energy consumption.

Basically, yes. But if you look at what he wrote and not what he meant you could say that the base of the minimum price is the cost of running a handful of RaspPi's. The myth he is attempting to promote is perpetuated by many Hero and Legendary members of the community. Sort of worrying. And a good indication of how much trust you should put in anything written here.

[Fatman3001]

So tense...im feeling a dump btw...why rush to buy in last few hours...
I think dump, its one last chance for a shake out, then within next day or two...boom back up

Dafuq? Mrrumpypumpy bullish?

[JayJuanGee]

86

Yes, I think this picture sums up very well the upcoming Bitcoin halving.  Bring back usability to Bitcoin, development team, or forget it and let's think about another Crypto currency.

Yeah,... you sound like a retard, Agaguk24... making shit up.. as if there were some kind of actual problem with bitcoin besides some stupid-ass talking point that you want to fantasize...   By the way, which alt are you suggesting, stupid ass?  By the way, there's no alt crypto that even come close to bitcoin in it's development, security and immutable censorship resistance, which is really all that matters in the whole scheme of things.

[savetherainforest]

I should report all of you for off-topic posts.
Bitcoin price is moving. Downwards.

Well... not exactly! ... Too many sheeple are awakening!

The mining cartel that creates shortages and rapes bears will force many to hold till the price is satisfactory!

[JayJuanGee]

oh fuck, i didn't think the level of lame dumb-ass FUD couldn't get any worse ... and then it just did

It's FUCD. Don get it twisted, institutional investor JayJuan"AllMyCoinsOnExchange"Gee said so. Buy Buy Buy! Or, just keep hodling like Marcus, he ain't no fool buying $600 coins.

(Is dragon sleeping again? He looks a little droopy going into the last "bullish backstory for loose rubes" event pre-2020.)

Well, thanks for thinking of me, dumbfbr.  

Regarding buying or selling, what you do, kind of depends upon where you are at.  If you do not have any coins, then of course you buy, buy buy at this point.  On the other hand, if you have accumulated quite a few coins, like I have and probably a lot of other longer term folks, then you sell small amounts on the way up and buy on the dips... with the goal of continuing to accumulate and to bring down your average costs per BTC.

It's also good to have a little bit of a theory.. for example, considering that overall we are in a bull market at the moment, unless prices go below $500 for some kind of significant period of time, and there is a bit of resistance until about $800 or $850.. Once prices go passed $800 or $850, then likely BBBBBBAAAAAAMMMMM.. we have decent chances to go to the $3k to $5k price territory.

There are a few other things to keep in mind, but overall the above are good starting presumptions.. and we kind of continue to monitor on a fairly regular basis just to account for how the market dynamics are playing out.. and to consider whether we need to make any significant tweaks to our plans or our perspectives.



EDIT:  BTW

41

[marcus_of_augustus]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence.

However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.

But energy is just an underlying need in all things based on computational technologies, and we have just founded this critical issue a priori, so the potential value of bitcoin was never calculated based on its energy consumption.

Basically, yes. But if you look at what he wrote and not what he meant you could say that the base of the minimum price is the cost of running a handful of RaspPi's. The myth he is attempting to promote is perpetuated by many Hero and Legendary members of the community. Sort of worrying. And a good indication of how much trust you should put in anything written here.

... some people are clever enough to stop digging when they are in hole, others just go and jump right on in to big holes others have dug.