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

[Torque]

i think ethereum's creators themselves would be the first to say that it's not money.

what people are getting worked up about is trader money being allocated to different things. this isn't a cryptocurrency bubble, it's now a crypto technology bubble.  

if there's more profit to be made elsewhere then they're agnostic enough to look elsewhere. most people are only in this for the dollars. they don't care about the future beyond the next five minutes.

Then what do these traders think that they are buying, and what greater fool are they going to sell to in the future?

Last time I checked, Ethereum wasn't a company, and ETH isn't a stock. They have no CEO and make no profit. And the tech is free, open source, and easily copied.

[European Central Bank]

Then what do these traders think that they are buying, and what greater fool are they going to sell to in the future?

i don't think they know or care. they're buying a chunk of the future that might pay off. if they find a greater fool who values that chunk higher at the right price then they'll sell and run.

[toknormal]

Then what do these traders think that they are buying, and what greater fool are they going to sell to in the future?

They think they're buying the "next bitcoin" and as long as it's below BTC's marketcap then it's a buy.

[sirazimuth]

 looks like its dropping a tad. must be because i just bought...never fails..

[Fatman3001]

Ethereum, brought to you by the incompetence of Bitcoin Core!

[Meuh6879]

the king is dead

long live the king 

[Elwar]

[...] For some of my bitcoins I recently purchased some crypto-steel and stored some bitcoins on those. I just moved from Afghanistan to Korea spending a few weeks in Thailand, Cambodia, Vietnam and French Polynesia. By moving, that meant bringing my crypto-steel with me (not trusting it to some post office). So here I am traveling with these metal squares through various security. I spent about 15 minutes in Dubai trying to explain my crypto-steel to security (I had them wrapped in metalic tape to ensure nobody tampered with them). I finally had to unwrap one enough to show what was inside (I also had full chemical gear so that was part of the inquisition as well....long story). I ended up checking my bag in with the crypto-steel from there on out and was paranoid every minute that they were not in my possession. Every hotel I went to had to have a safe. I ended up in one hotel without a safe and I only left briefly to eat. I ended up using a bus instead of going on airplanes when I traveled due to the difficulty. Flying from Vietnam to French Polynesia I decided to keep the crypto-steel with me to avoid the worry I had before. I had to explain to a Vietnamese security guard what they were, I used pictures on my phone and was ok after 5 minutes (I was surprised when he said "oh, Bitcoin!").
[...]

Thanks for sharing your experience Elwar. Had a similar one explaining a few Casascius coins.

I am wondering though why you carry the cryptosteel around. Just remember a 12 word Electrum seed and you have no explaining to do crossing borders, and no worries of being robbed when away from 'home'. Still each time I punch in those 12 words from memory to cold sign a transaction, it feels like magic internet money. It makes me again experience how powerful and independent Bitcoin really is.

I don't just carry my cryptosteel around with me when I travel. I was moving from one country to another so I brought with me the most valueable stuff (I have 2 suitcases sitting in a storage space in Afghanistan waiting for my buddies to get around to shipping them to me).
I have 2 separate backups that I was able to leave with family (split amongs several members) when I was in the US.
And I did mix the keys up so they are in the raw form but only I know the pattern.
I would not rely on SD card as that can get corrupted or burned or fried. I do not keep all of my bitcoins in one address so memorizing each one would be faulty.

Hopefully I will only be moving to a new country a few more times and I can securely hide my cryptosteel on my property.

Which, like I said, I would be able to store gold once settled somewhere. But Bitcoin is a ton more easy to transfer country to country than several pounds of gold bars.

[toknormal]

Another time-bomb that Ethereum has:

https://www.youtube.com/watch?v=XNGzhWODF2s&t=1146

[JayJuanGee]

I wish I could forget the bitcoin price and look in 5 years or so.

I don't trade so I don't need to look yet I check constantly.

I need help.

I think every one of us here does that 😕

I tell myself that I am not going to look - and the next thing you know, I am looking. 

I have little to no will power.   

[European Central Bank]

Another time-bomb that Ethereum has:

https://www.youtube.com/watch?v=XNGzhWODF2s&t=1146

this one is the monster. and no proof of vitalik can get past that. they've all been way too casual about paying attention to securities regulations, somehow thinking it doesn't apply to them. it does, and it will.

[BlindMayorBitcorn]

I'm looking forward to the change to proof of stake. What could possibly go wrong?

[JayJuanGee]

Ethereum, brought to you by the incompetence of Bitcoin Core!

That is ridiculous, but it is the ongoing story line...

Go figure.

[BlindMayorBitcorn]

Ethereum, brought to you by the incompetence of Bitcoin Core!

That is ridiculous, but it is the ongoing story line...

Go figure.

If smart guys like Fatty insist on a fork, we'll get one. I agree with Simon Dixon on this: if I have to explain 2 versions of Bitcon for more than a few months, I'm out.

[Bitcoinaire]

A rising tide lifts all boats.
The crypto currency scene is in the beginning stages of going supernova with alts.

Edit: I see lots of posts are getting deleted too, interesting change.....

[Torque]

We need to step up our wall observations, all our posts are being deleted. We're all going to die.

Unless I'm misunderstanding, it seems to targeted towards funny images and memes. I guess this thread will become dull and humorless now.  

[BlindMayorBitcorn]

We need to step up our wall observations, all our posts are being deleted. We're all going to die.

Unless I'm misunderstanding, it seems to targeted towards funny images and memes. I guess this thread will become dull and humorless now.  

[lightfoot]

I know, I got my quagmire post deleted. But that said, I think I did it at 1200 a bitcoin, which of course was a really terribly low level but a few months ago. 2200 is much more like it for my tastes (buying better wine)

Back to slaving over a hot (reflow) oven.

C

[bones261]

We need to step up our wall observations, all our posts are being deleted. We're all going to die.

Unless I'm misunderstanding, it seems to targeted towards funny images and memes. I guess this thread will become dull and humorless now.  

They only deleted one of mine so far. It was a meme that stated "the sky is falling" and when you clicked on the image, it took you directly to BitcoinWisdom's web page. Not sure how they construe that I was off topic or that my post was "insubstantial." They also deleted it 6 weeks after I had posted it. They must be trying to clean up some space on their servers or something.

[pfrtlpfmpf]

We need to step up our wall observations, all our posts are being deleted. We're all going to die.

Thats not a problem. We`re going to die anyway, but wall tihings would delay that a bit, you`re right.

[Paashaas]

Ethereum, brought to you by the incompetence of Bitcoin Core!

You read to much r/btc.. dont do that.

Another time-bomb that Ethereum has:

https://www.youtube.com/watch?v=XNGzhWODF2s&t=1146

this one is the monster. and no proof of vitalik can get past that. they've all been way too casual about paying attention to securities regulations, somehow thinking it doesn't apply to them. it does, and it will.

Rootstock opened there testnet yesturday, ETH will be replaced by RSK in time. All alt-coins will be replaced by sidechains.