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

[jbreher]

Also https://twitter.com/Excellion/status/888765063003217920
For "Bitcoin ABC" (the "UAHF" fork) to function, all #Bitcoin txs have to spam OP_RETURN codes that would make tx fees 26.5% more expensive.

All? No. More expensive? No.

Spamson Mow of Blockstream FUDding as expected. After all, that's what he is paid to do.

[jbreher]

It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place.  

Your mind seems to have a rather limited capacity for abstraction.

[Torque]

Don't properly care for your tools, they'll eventually let you down. Sometimes, when your life depends upon their proper functioning.

+1. A good habit to get into is routine maintenance of things you might need to rely on in a pinch.

[r0ach]

Gold + Silver = Dumb money

Bitcoin = Smart money

Bitcoin isn't money at all, it's a currency.  Fungibility is one of the requirements of money.  Money can't just randomly morph from one thing to another with forks or alterations.

Money = has objective, static traits

Currency = random arbitrary bullshit some guy makes up and constantly fiddles with aka bitcoin

This is why it's called "cryptocurrency".  Currencies are not a store of value either.  People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.

[Torque]

People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.

Gold pumped from $400 to $1900, now down to $1255

Silver pumped from $16 to $50, now down to $16.50

Metals a reliable store of value, you say?

[Last of the V8s]

https://www.viabtc.com/quot/realtime?currency=cny&dest=bcc&chart=professional
it's alive

[rjclarke2000]

People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.

Gold pumped from $400 to $1900, now down to $1255

Silver pumped from $16 to $50, now down to $16.50

Metals a reliable store of value, you say?

I bought silver at $30 so I am a total idiot and I was devastated as it dropped.

I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....

On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.

[European Central Bank]

Gold pumped from $400 to $1900, now down to $1255

Silver pumped from $16 to $50, now down to $16.50

Metals a reliable store of value, you say?

it's been 37 years since gold's all time high when you take inflation into account, which i'm told is one of the points of gold.

that's not good enough.

[Torque]

People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.

Gold pumped from $400 to $1900, now down to $1255

Silver pumped from $16 to $50, now down to $16.50

Metals a reliable store of value, you say?

I bought silver at $30 so I am a total idiot and I was devastated as it dropped.

I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....

On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.

Do not feel bad about that. To a certain degree, the metals $ price is irrelevant because if there is a monetary reset one day, metals pricing will end up orders of magnitude higher. Consider it long term insurance instead of an investment.

In 2013 I bought some bitcoin near the top before the last crash. After that I just continued to cost average down to about ~$500 or so. Now things are looking better. I actually bought a little bitcoin @$900 at the beginning of the year.

One lesson I learned is, buy the majority of a commodity or security when no one wants it and sentiment is in the toilet. Metals are pretty much close to that now. Bitcoin, not so much.  

[JimboToronto]

I bought silver at $30 so I am a total idiot and I was devastated as it dropped.

I just wish I'd thrown it all in bitcoin early 2013 instead of silver. We can all look back and say what if I guess....

On the plus side I was buying bitcoin up in the 200s and it's not turned out too bad.

It kinda makes me wonder what Roach paid for his beloved silver.

He reminds me of Kwukduck. So embittered by his poor investing skills that he spends his days belittling Bitcoin. 

[Meuh6879]

Be ready ...




Update : https://www.xbt.eu/ (144 Blocks)

[lost_in_base]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy  
21/07 Mr Frog
22/07 Protokol
23/07 Bitcoinaire
24/07 Lost_in_base
25/07 rjclarke2000
26/07 Globbo
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bathy
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

What time zone will be used?
I assume it is CET?
As i write, it is:

CET: 22:27
Bitcointalk clock:  08:27 PM

[rjclarke2000]

Yes micro did state CET. ^^^

[rjclarke2000]

Is that chart relating to the activation of segwit?

[r0ach]

People just make believe bitcoin is whenever they get on the profitable side of a pump and dump.

Gold pumped from $400 to $1900, now down to $1255

Silver pumped from $16 to $50, now down to $16.50

Metals a reliable store of value, you say?

Not a valid argument and I already posted why.  The ESF can only naked short metals down to cost of production to try and contain them.  The second they go after bitcoin with naked shorts, they can literally destroy it because there's no real price floor.  The fact that the ESF has not yet attempted to destroy bitcoin means one of two things:  1) either bitcoin is a govt sanctioned scam, or 2)  they just haven't gotten around to destroying it yet:

4)  Cryptocurrency doesn't function as a store of value because it's price floor is recursive based on it's own demand (in PoW). This means it's a complete house of cards in terms of so called value storage.
In commodities like silver, the ESF practices Keynesianism in the commodity markets and naked shorts them down to cost of production to try and keep their market caps as low as possible and prevent them from competing with the dollar. Why? Because nobody would submit to slavery via debt based scam currency at all unless you force them into it.

They can't short metals lower than cost of production because it would create scarcity and be counterintuitive to their goals. However, they can short bitcoin below cost of production because there is no real price floor, only a temporary, synthetic one. This in turn causes the miners to be forced to turn off (like KNC) and the synthetic floor crashes even more until the thing implodes to nothingness.

Another reason why craptocurrency is horrible and not a sound form of money. Metals like silver can be manipulated by shorts to contain their market cap, but bitcoin can actually be destroyed by them due to having no real floor.

[Meuh6879]

Is that chart relating to the activation of segwit?

Yes.

http://bitcoin.sipa.be/versions.html

[lost_in_base]

Yes micro did state CET. ^^^

23 24 and 25

One of those will win.
Just to make sure it wont fall into fight about timezone if ATH btoken near midnight.

[rjclarke2000]

So what's the estimated date for activation. I'm guessing Aug 1st is a nothing date now we are locked in. (As I always say I am only a hodler so my knowledge on these kind of things are limited)

[rjclarke2000]

Yes micro did state CET. ^^^

23 24 and 25

One of those will win.
Just to make sure it wont fall into fight about timezone if ATH btoken near midnight.

I am pretty sure 25th will win. Who has that?

[Ludwig Von]

Yes micro did state CET. ^^^

23 24 and 25

One of those will win.
Just to make sure it wont fall into fight about timezone if ATH btoken near midnight.

I am pretty sure 25th will win. Who has that?

Could be, my broker said they will halt all transactions per 25. So no way to sell a bit... .