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

[becoin]

I told ya yesterday. Shorts will get REKT.

[Last of the V8s]

so, to catch myself up and make sure i'm understanding right:

there's a group forking an altcoin (bitcoin cash) come august 1st. this bumps the block limit to 8 MB. any other changes?

what happened to bitcoin unlimited? are they a part of this BCC split?

just when i finally verify my account at bitstamp all this shit has to be going on... sigh.

bitcoin cash: dodgy and deceitful coders, no segwitz, more hardforkz of itself in the offing - many sources for this evaluation on twitter, sorry, can't be arsed

bu: cosying up to nchain for another similar altcoin of bitcoin in the offing? big blocks etc. https://nchain.com/en/media/nchain-completes-workshop-bitcoin-unlimited-announces-support-bitcoin-scaling-initiatives/

stamp: famously (@kakobrekla) works on '2 cans and bits of string'. plenty of scope for brave traderz right now, though...


EDIT: https://bitcointalk.org/index.php?topic=2050936.0 https://www.reddit.com/r/Bitcoin/comments/6pxs4p/sipas_schnorr_code_deleted_from_secp256k1_emerged/dkt1w0y/
~answers your other question. Yes the same coupla dodgy ''coders'' from bitcoin unlimited are now working on bitcoin cash, and are being lambasted all over the shop


NOTE TO ALL: ^ that thread is very helpful infos re getting BCC moneyz after they fork off

[Spaceman_Spiff]

Bitcoin, like any so-called crypto currency, is the old like world scheme of Ponzi. Only in the new high-tech pack.

Want an example? You are welcome:

1. Assume that all people in the world convert half of their savings from ordinary national currencies to crypto-currencies. What does it mean? This means that the producers of crypto-currency, received half of the world's volume of national currencies - half of the total world currency bascet.

2. After a while, the fictitious value of investments in crypto-currencies increased 4-fold (as we see in the case of Bitcoin and the mass of other crypto-currencies). What does it mean? This means that now, every person in the world, reasonably expects to receive in exchange for his crypto currency (as a return on his genius) in 4 times more volume of the national currency.

3. Let's assume that all these people, at the same time, decide to fixed their investment profit-to exchange their crypto-currencies that went up four times, (if they take profit in the form ordinary national currencies).
All of them expect to receive now 4 times more national currency than they used to, they spent on buying crypto-currencies.

QUESTION: Where does this whole currency come from? From producers or producers of crypto-currency? But they simply do not have such volumes of ordinary currency, and never were. Because, previously selling the Crypto currency, in exchange for the usual currency, the organizers and the receivers only received the initial value of the crypto currency in the usual currency. Which was at the time of the transaction only - 1/4 of the amount of currency, which is now payable to all owners of the crypto currency.

CONCLUSION: Bitcoin, like any so-called crypto currency, is the old world scheme of Ponzi. Where each participant can receive a gain of the investments only one way - due to those new participants who have entered this pyramid later.

Wow, my mind is blown! Such genius !

Now replace the word crypto with stock market and try to figure out where you went wrong...

[rjclarke2000]

What would be the reasoning for the argument that btc will rise after August 1st?

Is this as people will sell BCC for BTC?

What am I missing here?

Thanks.

[Ludwig Von]

Bitcoin, like any so-called crypto currency, is the old like world scheme of Ponzi. Only in the new high-tech pack.

Want an example? You are welcome:

1. Assume that all people in the world convert half of their savings from ordinary national currencies to crypto-currencies. What does it mean? This means that the producers of crypto-currency, received half of the world's volume of national currencies - half of the total world currency bascet.

2. After a while, the fictitious value of investments in crypto-currencies increased 4-fold (as we see in the case of Bitcoin and the mass of other crypto-currencies). What does it mean? This means that now, every person in the world, reasonably expects to receive in exchange for his crypto currency (as a return on his genius) in 4 times more volume of the national currency.

3. Let's assume that all these people, at the same time, decide to fixed their investment profit-to exchange their crypto-currencies that went up four times, (if they take profit in the form ordinary national currencies).
All of them expect to receive now 4 times more national currency than they used to, they spent on buying crypto-currencies.

QUESTION: Where does this whole currency come from? From producers or producers of crypto-currency? But they simply do not have such volumes of ordinary currency, and never were. Because, previously selling the Crypto currency, in exchange for the usual currency, the organizers and the receivers only received the initial value of the crypto currency in the usual currency. Which was at the time of the transaction only - 1/4 of the amount of currency, which is now payable to all owners of the crypto currency.

CONCLUSION: Bitcoin, like any so-called crypto currency, is the old world scheme of Ponzi. Where each participant can receive a gain of the investments only one way - due to those new participants who have entered this pyramid later.

Wow, my mind is blown! Such genius !

Now replace the word crypto with stock market and try to figure out where you went wrong...

And in anyway, fiat is reproducable without limit, so the inflow into crypto can go eternally... .

[marcus_of_augustus]

So how you guys liking that back-and-forth wash trading?

Feels just like a groundswell of overwhelming public demand, doesn't it?  At this rate we'll be over $5K in no time!  /s

Still wash trading?

Or your butt-hole starting to pucker up on those shorts?

[marcus_of_augustus]

Most people buying bitcoins nowadays know absolutely nothing about whether it does or doesn't have some type of fundamentals ...

This is the bitcoin market:

You are the worst kind of idiot roach because you know enough to be a danger to yourself and everyone around you but clueless to the limits of your knowledge, unwilling to acknowledge any such limits and brimming with self-conviction in your tiny bubble of wisdom, surrounded by a universe of ignorance that you are in complete denial of.

You've totally over-thought this and somehow managed to be smack in the epicenter of intelligence for the biggest bull market humanity has ever known ... and conclusively missed it through your own arrogance. You will go down in history as one of the biggest losers ever, in all sense of the word ... right up there with jstolfi.

Buy bitcoins, it really is that simple, even for a fucking dimwitted drooling retard like you.

[Last of the V8s]

jasus look at all these secret lemonade drinkers: https://www.bitcoinunlimited.info/about/members

solex
Andrew Clifford
President
Andrew Stone
theZerg
Lead Developer
Dr. Peter Rizun
Peter R
Secretary / Chief Scientist
Andrea Suisani
sickpig
Key Developer
Peter Tschipper
Key Developer
Rogerver
Roger Ver
CEO Bitcoin.com / BU member
Dr. Christopher Wilmer
chriswilmer
University Liaison
Haipo Yang
Haiyang
CEO ViaBTC / BU member
Jerry Chan
digitsu
Strategist
deadalnix
Amaury Sechet
Mengerian
Antony Zegers
Christoph Bergmann
Emil Oldenburg
jake
Jake Smith
Lee Adams
mike
Mike Malley
Roy Badami
bitcartel
Simon Liu
tim potter
Tim Potter
dgenr8
Tom Harding
Trevin Hofmann
adamstgbit
AdrianX
awemany
Bagatell
cliff
cryosanth
CubicEarth
cypherdoc
freetrader
Helvetian616
jbreher
jcliff
Jefferson Nunn
jl777
jsmith_dev
kostialevin
kyuupichan
lunar
marcus
norway
rezzme
Richy_T
Roger_Murdock
sgbett
tkg
todu
torusJKL
VeritasSapere
Wildfire.ca
Windowly
YarkoL
Zanglebert Bingledack

is this list up to date?

isn't it time you people renounced the devil or something?

[Meuh6879]

pump before week-end ...

[pumpmydump]

Most people buying bitcoins nowadays know absolutely nothing about whether it does or doesn't have some type of fundamentals ...

This is the bitcoin market:

You are the worst kind of idiot roach because you know enough to be a danger to yourself and everyone around you but clueless to the limits of your knowledge, unwilling to acknowledge any such limits and brimming with self-conviction in your tiny bubble of wisdom, surrounded by a universe of ignorance that you are in complete denial of.

You've totally over-thought this and somehow managed to be smack in the epicenter of intelligence for the biggest bull market humanity has ever known ... and conclusively missed it through your own arrogance. You will go down in history as one of the biggest losers ever, in all sense of the word ... right up there with jstolfi.

Buy bitcoins, it really is that simple, even for a fucking dimwitted drooling retard like you.

When bitcoin supporters are like you, you know something is wrong. You have no well thought-out reasoning about why bitcoin will "go to the moon", that's just what you want to believe, and you phase out anything that's going contrary.

There are many more uncertainties about the bitcoin you hold than you realize. Much more risk about going all in in bitcoin than you realize. Some people will get burnt hard over the next few years.

[Ted E. Bare]

I told ya yesterday. Shorts will get REKT.

They always do.

[italianMiner72]

Man, we´re going to explode after 1. August, where did i keep my "exploding suit", guys ?

When everyone keeps saying this because everyone is thinking this, it won't happen.

I "love" this kind of forecasting supported by so immersive and extensive analysis!!!
no one can know what will happen.
the only thing is prepare yourself for all possible scenarios!

[becoin]

Some people will get burnt hard over the next few years.

This is the same "warning" I read on this forum for the last 7 years. Don't you have anything new to say?

[lemmyK]

"When bitcoin supporters are like you, you know something is wrong"    ... .       thumb up

[European Central Bank]

Most people buying bitcoins nowadays know absolutely nothing about whether it does or doesn't have some type of fundamentals ...

This is the bitcoin market:

You are the worst kind of idiot roach because you know enough to be a danger to yourself and everyone around you but clueless to the limits of your knowledge, unwilling to acknowledge any such limits and brimming with self-conviction in your tiny bubble of wisdom, surrounded by a universe of ignorance that you are in complete denial of.

You've totally over-thought this and somehow managed to be smack in the epicenter of intelligence for the biggest bull market humanity has ever known ... and conclusively missed it through your own arrogance. You will go down in history as one of the biggest losers ever, in all sense of the word ... right up there with jstolfi.

Buy bitcoins, it really is that simple, even for a fucking dimwitted drooling retard like you.

When bitcoin supporters are like you, you know something is wrong. You have no well thought-out reasoning about why bitcoin will "go to the moon", that's just what you want to believe, and you phase out anything that's going contrary.

There are many more uncertainties about the bitcoin you hold than you realize. Much more risk about going all in in bitcoin than you realize. Some people will get burnt hard over the next few years.

as he joined here six years before you it's safe to say he knows a little more than you and more than likely has already gone to the moon.

and you're saying this roach guy is well reasoned? are you sure about that? he looks like another repetitive moron who has no interest in listening to others just as you claimed.

[fluidjax]

As the price of BCC is now priced into the current price of BTC

Pre Fork BTC = Post Fork BTC +  Post Fork BCC

So the real price of BTC is currently 0.885 * $2741   =    $2425

(obviously the price of BCC is not real yet)

[European Central Bank]

As the price of BCC is now priced into the current price of BTC

Pre Fork BTC = Post Fork BTC +  Post Fork BCC

So the real price of BTC is currently 0.885 * $2741   =    $2425

(obviously the price of BCC is not real yet)

let's wait for an open and operating market before deciding that.

[marcus_of_augustus]

You have no well thought-out reasoning about why bitcoin will "go to the moon"

... it's simply money, Papua New Guinea natives can get it ...

[marcus_of_augustus]

bitcoin already has huge future for cross-border, settlement, censorship-resistance, off-shore flows, gambling, global supply-chain finance, etc, etc but I think Lightning network will be bitcoin's killer app. In the future we will look back upon August 2017 as bitcoin network's "Netscape moment" ... when the GUI web browser demonstrated to Joe 'n Jane mainstream what the geeks already knew about the utility of the information superhighway. Lightning will make 'real' the utility of bitcoin to the average intelligence person who wants stuff that 'just works'. Bitcoin does not need the mainstream to adopt to achieve a significant market share of currency float, since the mainstream probably only commands about 20% of the wealth, but it would be great if the mainstream got in first and the wealth re-distribution moved towards reducing the inequality gap. Lightning may strike into the core of the Facebook, twitter masses who expect money-on-the-like-button.

This is about levelling the playing field.

[Pajulapoiss]

bitcoin already has huge future for cross-border, settlement, censorship-resistance, off-shore flows, gambling, global supply-chain finance, etc, etc but I think Lightning network will be bitcoin's killer app. In the future we will look back upon August 2017 as bitcoin network's "Netscape moment" ... when the GUI web browser demonstrated to Joe 'n Jane mainstream what the geeks already knew about the utility of the information superhighway. Lightning will make 'real' the utility of bitcoin to the average intelligence person who wants stuff that 'just works'. Bitcoin does not need the mainstream to adopt to achieve a significant market share of currency float, since the mainstream probably only commands about 20% of the wealth, but it would be great if the mainstream got in first and the wealth re-distribution moved towards reducing the inequality gap. Lightning may strike into the core of the Facebook, twitter masses who expect money-on-the-like-button.

This is about levelling the playing field.

Money on the like button, now that sounds pretty awesome!


Can someone explain, what does the shorts will get REKT means?

About price, I think we'll see one more major dump before aug 1. Why? cuz i wanna buy some more cheap btc