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

[Last of the V8s]

r/btc are firing up their mothers' vibrators to mine it after the difficulty drop and cause all the other miners to switch while simultaneously spamming the 'other' chain until it dies completely.

A wonderfully nuanced and balanced plan from some great guys.

[Last of the V8s]

that other paragon of bitcoin virtue, blockchain.info - the one with the seeds for btc1 - now 'holds' 'your' 'ethereums' 'in' 'their' 'wallet' 'for' 'you'

[CoinCube]

Whoever thinks bitcoin can't be destroyed with ease when it's network traffic isn't even obfuscated should take a look at the case of The Daily Stormer, who big corporations have essentially censored it from the internet in a time span of two days:

https://blog.cloudflare.com/why-we-terminated-daily-stormer/

https://www.rferl.org/a/u-s-neo-nazi-website-russian-domain-daily-stormer/28680409.html

First they came for the nazis, but I didn't speak out, because I was not a nazi.

It also highlights why Bitcoin is so important. Imagine if the jews had bitcoin during WWII.

I actually agree with you on this one r0ach. Although I very much disagree with their views they should have the right to express them.

The original version of your quote by the way was written by Martin Niemöller (1892–1984) who was a prominent Protestant pastor and an outspoken public foe of Adolf Hitler.  He spent the last seven years of Nazi rule in concentration camps.

Fundamentally, there is very little difference between a race collectivist who seeks the extermination of all lesser races by the master race, and a class collectivist who seeks the liquidation of all bourgeoisie and aristocratic classes by the proletarian class.

For those interested in this topic I recommend the following blog.

Deadly Junk Science
http://www.scifiwright.com/2017/06/last-crusade-deadly-junk-science/

[Last of the V8s]

usg stooge babbling

[Dakustaking76]

Hm maybe impact on the price
Were again at the start from yesterdays correction..

[soullyG]

...in further non-news today, Bitpay lied again https://blog.bitpay.com/bitcore-segwit-activation/

Full retard mode from Bitpay/Bitmain.
https://i.imgur.com/a1f2M5s.png

Holy fucking shit. You ain't kidding.

They're actively trying to subvert their clients.

Wow, did they actually think people wouldn't notice?

[fabiorem]

Hm maybe impact on the price
Were again at the start from yesterdays correction..

It looks like a artificial dump. Several 50btc selling walls... Roger Ver?

[bitcoinvest]

Hm maybe impact on the price
Were again at the start from yesterdays correction..

It looks like a artificial dump. Several 50btc selling walls... Roger Ver?

who knows?? but looks like not have enough to trigger a bigger dump thought

[El duderino_]

Boring  catching Pokémon for the moment much more new stuff and beasts......... legendary, mewtwo release and so on

[AlexGR]

Hm maybe impact on the price
Were again at the start from yesterdays correction..

It looks like a artificial dump. Several 50btc selling walls... Roger Ver?

who knows?? but looks like not have enough to trigger a bigger dump thought

I think there is an accumulation pattern where the big buyer(s?) doesn't want to be very predictable, in the sense that if he buys all the time, traders will front-run him with longs, making his purchases more costly. So he leaves it a bit to correct or even dive, by those taking profits, so that the order books fill-up a bit, perhaps even hoping that shorts get build up by shorters believing that "this might be where the big correction is triggered". Once the price goes 100-200-300$ lower, he then presses the button again and buys everything.

Or something like that...

[JayJuanGee]

Some of you are talking about BTC at 50K$ or even 500K$, and this relatively quickly.

It looks great on paper, but aren't you worried that instead of meaning we would all be rich, it would mean the dollar has utterly crashed, the world economy is in shambles, and/or WW3 is going on ?

No. Since there are trillions invested at negative rates or so, the potential that some significant fraction of it smells the coffee and moves in crypto is just a matter of when, not if. That would make an epochal pumping like no one has ever seen.
The mystery for me is why BTC still rules, given that there are technically better alternatives, and given that even I can see some feeble points (no incentives for full nodes to say just one).

Seems like you want to engage in a disinformation campaign, conspirosphere, especially if you are suggesting that there is some crypto out there that is better than BTC?

I don't want to encourage you to pump various shitcoins, but which one(s) is(are) better?  You gonna put your money there?  Can bitcoin adopt some of their supposed better aspects at a later date after the supposed better aspects get tested out?

[Torque]

usg stooge babbling

[Last of the V8s]

lol touché

[conspirosphere.tk]

Seems like you want to engage in a disinformation campaign, conspirosphere, especially if you are suggesting that there is some crypto out there that is better than BTC?

I don't want to encourage you to pump various shitcoins, but which one(s) is(are) better?  You gonna put your money there?  Can bitcoin adopt some of their supposed better aspects at a later date after the supposed better aspects get tested out?

Firstly, I'm still 90%+ in BTC, so whatever I say against it is against my interest. And yet I'm trying to be honest because I believe that truth pays.

I'm not an expert, but I see several problems with BTC:
- no incentives for full nodes;
- the limited tx throughput together with second level networks could create perverse incentives where some L2 operator spams the main network to direct traffic to his L2;
- the amount of energy dissipated to mine is already ridiculous;
-... (add more here)

[rjclarke2000]

So.....ATH and now...............bitcoin dead?

[HanvanBitcoin]

[rjclarke2000]

True. Let's be honest here, we've all seen this time and time again.

[gentlemand]

Firstly, I'm still 90%+ in BTC, so whatever I say against it is against my interest. And yet I'm trying to be honest because I believe that truth pays.

I'm not an expert, but I see several problems with BTC:
- no incentives for full nodes;
- the limited tx throughput together with second level networks could create perverse incentives where some L2 operator spams the main network to direct traffic to his L2;
- the amount of energy dissipated to mine is already ridiculous;
-... (add more here)

They've all got their flaws. What differentiates BTC is that the flaws have been deeply explored and are slowly being addressed by skilled people. All the while it's still operating perfectly at max capacity.

Its origins can never be replicated. Its operational track record is pretty stunning.

It would take absolute technical perfection, flawless integrity and the closing off of every imaginable exploit for something else to turn enough heads. And by the time everyone was on board there'd be unimagined gaping holes found by someone.

[Last of the V8s]

there's a theory that we won't be safe till we're using 51% of the world's energy supply to secure the chain, but let's not tell the lamestream yet

[Dakustaking76]

True. Let's be honest here, we've all seen this time and time again.

Yea But its fucking worthless everytime we hit ath then we sink €300 down almost
Oke i understand poeple big investors making money sell high And buy loww to make there stash bigger

But its fucking annoying