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

[Torque]

Seriously guys, WTF is a NEO ?

According to the Shitcoin Gazette:

NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies.

¯\_(ツ)_/¯

Thanks. Read in an article that it's being called the 'Chinese Ethereum'. So naturally my first thought was, "Well then what's the point of ETH then if it's not going to be universally accepted?" The article also highlighted that NEO had some improved technologies and updates like sharding and concurrency that even ETH doesn't have yet. Kinda like an Ethereum 2.0.

Not that I'm interested. I'm wondering if it's even open source.... or in readable English...

[leowonderful]

I wonder when Lightning will finally be implemented. It'll probably be the last piece of the puzzle and that could make price rise a little bit. As of now it's just SW, which is nice as it is, but Lightning will be the real kicker. Not the end-all, but it helps futureproof Bitcoin and is a temporary scaling solution that's at the very least better than what we have now.

[WiiD]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

I did a week in Thailand a few months ago. Great time, beautiful women. Cheap prices. You start to decide whether you want a nicer hotel for $45 or just go with a regular one for $25. Went to one of the islands and spent $200/night on a 5 star luxury hotel with a stairway to the pool right off of my patio on the ocean (sea?).

I plan on retiring in January and will go live there. Got a beautiful gf out of the deal as well.

Which island, which hotel?

[BlindMayorBitcorn]

Seriously guys, WTF is a NEO ?

According to the Shitcoin Gazette:

NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies.

¯\_(ツ)_/¯

Thanks. Read in an article that it's being called the 'Chinese Ethereum'. So naturally my first thought was, "Well then what's the point of ETH then if it's not going to be universally accepted?" The article also highlighted that NEO had some improved technologies and updates like sharding and concurrency that even ETH doesn't have yet. Kinda like an Ethereum 2.0.

Not that I'm interested. I'm wondering if it's even open source.... or in readable English...

It used to be called Antshares. I guess this is a rebranding pump. But if Dennis Rodman isn't involved they can forget it.

[Meuh6879]

Back to the source ... http://www.zerohedge.com/news/2017-08-09/tom-lee-bitcoin-will-be-best-performing-asset-through-year-end

“The supply of bitcoin is starting to slow. Within the next 2-3 years the number of coins discovered or mined or rewarded will be slower than the amount of gold discovered, so bitcoin will be a rarer unit than gold.”

“There’s $7.5 trillion worth of gold out there, so gold dwarfs the currency in circulation, and if bitcoin captures just five percent of that alternative currency, it could fetch as much as $25,000 to $50,000 a share.” 

oh and this, too ...

“We did a study and published it in early July…[bitcoin] has a lot of characteristics that are similar to gold and will ultimately make it attractive as an alternative currency. It’s a good store of value. The encryption and the distributed ledger not only act as a means of protection, but it actually has an industrial use that could be replacing a traditional payment platform.”

[Torque]

But then there are still MSM articles like this, the mother of all negative articles I've seen in a long time. This one comes from thestreet.com:

Bitcoin Mania Setting Up for Greatest Financial Crash in 400 Years
https://www.thestreet.com/story/14261430/1/bitcoin-mania-setting-up-for-greatest-financial-crash-in-400-years.html?puc=_htmlttt_pla5&cm_ven=EMAIL_htmlttt&tstmem=64537498&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Bitcoin+Mania+Setting+Up+for+Greatest+Financial+Crash+in+400+Years

Check out the very last paragraph:

"This time, the bitcoin mania, which has dwarfed even the Tulip Bulb lunacy, should become the posterchild graduate school case study for not only finance, but also psychology, sociology, and perhaps other disciplines. Ironically, for lacking discipline!

Friends don't let friends hold bitcoin below $2,900, the line in the sand of sell-stop protection. Otherwise, in the near future, one could be wishing they'd sold this $3,500 zone, as bitcoin breaks under $35, with growing potential for $3.50."

Those mthrfkrs over at The Street absolutely HATE Bitcoin, especially Jim Kramer and his former crony Stephanie Link. Because they're all in bed with the russian mafia-backed sleazy corporate Wallstreet scam artists, and Bitcoin is a direct threat to their entire racket.

Never forget (from 2014):
https://www.youtube.com/watch?v=2kEySHOd4JU

[fabiorem]

Will we have a dip to 3000 in the next ten days?

[jojo69]

[Elwar]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

I did a week in Thailand a few months ago. Great time, beautiful women. Cheap prices. You start to decide whether you want a nicer hotel for $45 or just go with a regular one for $25. Went to one of the islands and spent $200/night on a 5 star luxury hotel with a stairway to the pool right off of my patio on the ocean (sea?).

I plan on retiring in January and will go live there. Got a beautiful gf out of the deal as well.

Which island, which hotel?

The Chill Resort, Koh Chang.
http://www.thechillresort.com/home/

I highly recommend it.

You can book it on expedia with bitcoins

[Elwar]

Just watch out if she's a bar girl. They're fun, but almost never good marriage material.

No, not a bar girl. She was actually my tour guide. We've met up a few times since. She's at my home right now cooking me some kick ass thai food.

And no girl is marriage material for me. She may be great...but not half of my bitcoins great.

The only way I would get married is some sort of tax break or if I'm in the old age home and they give me a special dessert with my dinner when you get married.

[quetschiquetsch]

And no girl is marriage material for me. She may be great...but not half of my bitcoins great.

Ahahaha, made my day. Thank you

[JimboToronto]

The only way I would get married is some sort of tax break or if I'm in the old age home and they give me a special dessert with my dinner when you get married.

Why would you live in an old age home when you could afford to hire and fire your own caregivers?

Enjoy life. Meet new people. Travel.

Be the boss, not an inmate.

Marriage is a great institution, if you want to live in an institution. I'm too old for that.

[JayJuanGee]

What percentage does 2x need in order to lock in? and when will we know if its likely or not.

That seems to be part of the problem is that some of the likely disingenuous big blocker nujobs are spreading misinformation to suggest that it is already locked in merely from the NYA and signaling of segwit2x intention... which does not have any actual lock in vehicle.

Also if it has 90% support or so, will core still forge on with their non 2x chain?.

who says that it has 90% support?  You talking about segwit2x "intention?"  segwit2x intention does not seem to mean anything or have any implementation mechanisms.

I thought everything was great after the BCH split went smoothly and we were finished with this uncertainty but no such luck.

Maybe "everything" is not great, but right now, bitcoin remains BULLISH AS FUCK.

[Lauda]

"This time, the bitcoin mania, which has dwarfed even the Tulip Bulb lunacy, should become the posterchild graduate school case study for not only finance, but also psychology, sociology, and perhaps other disciplines. Ironically, for lacking discipline!

Friends don't let friends hold bitcoin below $2,900, the line in the sand of sell-stop protection. Otherwise, in the near future, one could be wishing they'd sold this $3,500 zone, as bitcoin breaks under $35, with growing potential for $3.50."[/i]

That idiot is more stupid and butthurt than professor Bitkorn. You really need to be delusional or have ulterior motives to write/predict something like that. I'll buy all your Bitcoin at $3.5 per piece.
Meanwhile, the price gif has been updated and future proofed:

[JayJuanGee]

For fork's sake! Bitcoin Core braces for another cryptocurrency split: https://www.theregister.co.uk/2017/08/08/bitcoin_core_fork_cryptocurrency/
"This is basically a sign from Bitcoin Core that they do not regard SegWit2x as being the real Bitcoin," explained Ryan X. Charles, CEO of Yours.org, in a YouTube video: https://www.youtube.com/watch?v=ep4HtGgOdjw. "...This all but assures there will be another split when SegWit2x occurs."

Yeah, this time chinese miners will get rekt mining 2x bitcoin with declining price to 200$ and below. BTC brand is reserved for bitcoin core, so it will be the real bitcoin for some at least. The problem is that this contentious split will scare most ot the traders and they will start panic selling down to 40-50% from the ATH. At least this what happened many times this year.  But this is just the beginnig of the drama. Core dev's are planning for a change of POW (asic resistent of course), so that they will enforce the new version of core's software to work even if 100% of the pools are mining 2x bitcoin. If that scenario happens, I would expect a further price plummeting.  

Yeah... Fuck!!!!!!!

I expect BTC's prices to plummet somewhere into the $4800 to $6800 price territory... 

[jojo69]

Yeah... Fuck!!!!!!!

I expect BTC's prices to plummet somewhere into the $4800 to $6800 price territory... 

buy the fucking dip

[K~Ehleyr]

Brexit bollocks

I thought decentralization was good?

Which part of being ruled solely by a corrupt and incompetent government that's set on doing away with human rights in a move that's going to destroy trade relations and prevent free movement of its own citizens do you consider "decentralization"?  

Is a Bitcoin miner mining alone in a prison cell with a brutal prison guard, on a processor taken from a Commodore 64 and with no internet connection a more decentralized solution than the whole rest of the Bitcoin network?

wow, poisoning the well and a straw man in one sentence

I doubt there is any utility in further engagement on this topic

Oh I'm sorry, I hadn't realised from your flippant remark that you were interested in discussing Brexit. That's why I used an analogy to get my points across quicker about why Brexit is a complete clusterfuck. My analogy may not have been perfect but that isn't the same as a straw man, neither does it invalidate my points. It's a very worrying time for those of us who live in Europe since our whole future is on the line and the UK has so far refused to collaborate with the EU to guarantee our rights in our now home countries.

Decentralisation might be good when it comes to money but when it comes to countries leaving the EU, that's actually more like auto-isolation, severing ties with the outside world. And no less centralised because the UK will now be ruled by one bastard government that cannot be trusted, instead of having the other 27 countries of the EU to moderate.

Unfortunately many British voters on 23rd June last year just cried "Yay, independence!  Sovereignty!" And yes some probably also cried "Yay, decentralisation!" Without thinking through the implications and consequences. And that's how we're in this mess in the first place.

[Elwar]

The only way I would get married is some sort of tax break or if I'm in the old age home and they give me a special dessert with my dinner when you get married.

Why would you live in an old age home when you could afford to hire and fire your own caregivers?

Enjoy life. Meet new people. Travel.

Be the boss, not an inmate.

Marriage is a great institution, if you want to live in an institution. I'm too old for that.

When I am 90 and I don't know better someone might stick me in an old folks home. Hopefully by then technology will put me at being middle aged.

[Ibian]

The only way I would get married is some sort of tax break or if I'm in the old age home and they give me a special dessert with my dinner when you get married.

Why would you live in an old age home when you could afford to hire and fire your own caregivers?

Enjoy life. Meet new people. Travel.

Be the boss, not an inmate.

Marriage is a great institution, if you want to live in an institution. I'm too old for that.

When I am 90 and I don't know better someone might stick me in an old folks home. Hopefully by then technology will put me at being middle aged.

There will be life prolonging medicine, no worries. But not for the next 100 years 

[600watt]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

I did a week in Thailand a few months ago. Great time, beautiful women. Cheap prices. You start to decide whether you want a nicer hotel for $45 or just go with a regular one for $25. Went to one of the islands and spent $200/night on a 5 star luxury hotel with a stairway to the pool right off of my patio on the ocean (sea?).

I plan on retiring in January and will go live there. Got a beautiful gf out of the deal as well.

sounds like a good plan. I am happy it all works out for you. was thinking about the caribbean, but in thailand my coins will last much longer I guess. once you have settled, can I pay you a short visit?