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

[savetherainforest]

In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.

R0ach.. u'r like that old man before being kicked out of his home by his kids. He gets desperate and aggressive at the very end when he comes to the realization what is actually happening to him. 

[JayJuanGee]

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791


TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Have you noticed that since around the time of the segwit2x intention signaling that the bigblocker nutjobs discontinued spamming the bitcoin network, and the mempool backlog has reduced to almost nothing?

 Accordingly, transaction fees have reduced to like $.15 or less per transaction, and transaction times are back to normal times of less than an hour (frequently within the next few blocks, which would be less than 30 minutes if 3 confirmations are required).   

Furthermore, after the bigblocker nutjobs indicated that they are going to fork into bitcoin cash despite the pretty much guaranteed locking in and activation of segwit, transactions on the blockchain had increased incredibly - likely due to folks moving their bitcoin's off of exchanges because of the threatened imminency of a hardfork - however, in spite of the considerable increases in on block transaction volume, the mempool has continued to remain without much of any backlog - resulting in ongoing low transaction fees and fast transaction times.

So, yeah, maybe at some point in the near future, bigblocker nutjobs will continue their spam attacks on the bitcoin network, but for now it seems that they are aiming their energies at preparations for their proposed hardfork.

[r0ach]

In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.

R0ach.. u'r like that old man before being kicked out of his home by his kids. He gets desperate and aggressive at the very end when he comes to the realization what is actually happening to him. 

[fluidjax]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

--

And Godwin's law is proven....

[savetherainforest]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

If the big crash happens this year... then the people will come to realization at least with a 6 month delay. So basically he will have to wait another year or so until his payday arrives.
And even then.. bitcoin will be 4-5x more than now in the next 12 months. And until his silver reaches 400-500$ per ounce, bitcoin will enter into its next phase on the path to 40k.   

[becoin]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

[El duderino_]

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 bahty
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 ---- slow death
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

[savetherainforest]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Tell that to the music, movie and video game addicted millennial.
Middle finger will be shown to the government promptly!

[steelboy]

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 bahty
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 ---- slow death
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

Just keep simmering for a few more days please Bitcoin. 

[El duderino_]

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 bahty
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 ---- slow death
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

Just keep simmering for a few more days please Bitcoin. 

getting close for you

[NewWorldCoiner]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Tell that to the music, movie and video game addicted millennial.
Middle finger will be shown to the government promptly!

Like they did in 2001? People signed up in droves for the chance to fight. Propaganda and media manipulation are very powerful tools.

Shit, where were those WMD's again?

[r0ach]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

I typed it up into a full r0ach report:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-up

[fluidjax]

Something between a few months to 24 months is probably pretty accurate.  All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.

Thankyou for pinning it down, and your explanation. I'm counting down till July 2019

You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.

[r0ach]

Something between a few months to 24 months is probably pretty accurate.  All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.

Thankyou for pinning it down, and your explanation. I'm counting down till July 2019

You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.

Why? Be the change you want to see in the world.  In the words of right wing death squad leader Duterte:

[Last of the V8s]

Huntercoin?

Silence of the Lambos

[Pajulapoiss]

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up.  You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur.  Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2,  5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

I typed it up into a full r0ach report:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-up

I agree that there will be big trouble in fiat currency's within the next few years and the system blow-up is more or less inevitable in the long run.

But why silver?
I could see some independent crypto-currency as a safety net, whether it'll be btc or something else - time will tell. If we do get sucked  into hyperinflation, the btc price will only rise, compared to fiats - because the latter is dropping in value.

[Dotto]

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

[Asrael999]

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

I think the arguement lies something along the lines of the following, overtime more and more coins would be held in segwit rather than in on chain addresses (as currently). This results in an incentive for a miner with sufficient hash power to fork Bitcoin again into a chain which no longer provides segwit functionality - they would then "spend" the segwit coin to themselves on their new chain - all those who had held their coin via segwit recorded transactions would lose their coin and there would be no recourse.  It is assumed that this will happen as eventually the value of the coins held in segwit related accounts will be so big the economic incentive to do will be to big to ignore.

I fully admit my understanding here is incomplete/limited so I maybe misunderstanding or misrepresenting the arguement.

[Torque]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Don't worry, they're desperately working on that behind the scenes as we speak. Can't have all those millions of barrels of oil just stockpiling in shipyards around the world with no usage. Got to protect the honey pot and get that oil burned up so they can pump more. Otherwise the price of oil will plummet to below $25/barrel and the poor Global elite's wealth will suffer miserably.

That's why you constantly see new MSM articles about North Korea firing missiles. It is all planting the seeds within the populous to prep them for things to come that are already being planned by the Globalist Deep State.

I mean, just take a look at this article headline. How in the fk would the U.S. Army know or predict such things before it has even happened yet?
http://www.newsweek.com/next-us-war-long-hard-take-entire-country-win-army-chief-643520

[fabiorem]

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Tell that to the music, movie and video game addicted millennial.
Middle finger will be shown to the government promptly!

Like they did in 2001? People signed up in droves for the chance to fight. Propaganda and media manipulation are very powerful tools.

Shit, where were those WMD's again?

Mp3 was not very popular at the time, there were no smartphones, no usb sticks.

Movies were not in high definition. Most monitors were still CRT.

Video games were niche, often hard, the masses regarded as something for children.



There were no millennials back 2001.