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

[Icygreen]

Nearly 44M in buy orders on Stamp. Even if that is only half true   

[Ludwig Von]

I'd say we're overdue for 30% correction. But I don't condone it.

It would not surprise me..

I wouldn't even mind it tbh

Me neither, only what would trigger it?

Profit taking? Today one year ago Bitcoin was $580. That's 8X your money.

Profit taking would not trigger, you do that carefully, not to kill the goose with the golden eggs... .

[Mrpumperitis]

i wonder how many here have moved to segwit addresses...so far i hear its a very very low number.

[Higher Altitude]

I'd say we're overdue for 30% correction. But I don't condone it.

It would not surprise me..

I wouldn't even mind it tbh

Me neither, only what would trigger it?

Profit taking? Today one year ago Bitcoin was $580. That's 8X your money.

Profit taking would not trigger, you do that carefully, not to kill the goose with the golden eggs... .

I just thought about all the whales and if a big shot decides to liquidate his positions. But then again I don't know what the consequences would be.

What was that in January? Did the Chinese sell their Bitcoins because it was the new year? That was a ~30% correction and I was in the middle of it. If something like this happens again we have our impending doom moment.

[Ludwig Von]

i wonder how many here have moved to segwit addresses...so far i hear its a very very low number.

Still waiting for Mr. Mumpertits dump... . It looks like a sligh bit upwards... .
Apparently low number indeed... .

[jbreher]

If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

 I'm not proud to admit this, but I've done my fair share of illicit substances during my lifetime. It seems you have a line on some heretofore unknown consumable that I would love to sample !

 These are some pretty freaking vivid fantasies you are having !!!

Well, I recognize that I'm not looking very prescient on this so far. But there's enough bubbling in the plotline such that this may develop more as an epic rather than a short story.

[Ted E. Bare]

take your profits while you can  

Always pump all your money in bitcoin (BTC). More bitcoin = more profit.

[york780]

Is crypto dead?

For the millionth time

Bbbbut dont buy it they said, hold stocks they said

[empowering]

I strongly recommend you check your email addresses here https://haveibeenpwned.com/

711 million mega dump recently passwords and emails comprised .

Onliner Spambot (spam list): In August 2017, a spambot by the name of Onliner Spambot was identified by security researcher Benkow moʞuƎq. The malicious software contained a server-based component located on an IP address in the Netherlands which exposed a large number of files containing personal information. In total, there were 711 million unique email addresses, many of which were also accompanied by corresponding passwords. A full write-up on what data was found is in the blog post titled Inside the Massive 711 Million Record Onliner Spambot Dump.




 

[Meuh6879]

i wonder how many here have moved to segwit addresses...so far i hear its a very very low number.

A lot.
https://bitcointalk.org/index.php?topic=1114415.msg21345359#msg21345359

[Elwar]

Is crypto dead?

For the millionth time

Bbbbut dont buy it they said, hold stocks they said

Don't invest more than you can afford to loose.



Foot loose.

[conspirosphere.tk]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

[Ibian]

If BCH succeeds in killing BTC, then:
1) There will be a general crash in crypto because it will be proved that they can be killed by such attacks; and
2) There are many better coins than BCH to play with.

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

That's just not how it's gonna work. Bitcoin is whatever the bitcoin wallets accept. Which is segwit, like it or not. The other one is stuck in alt status and will continue to be so.

Continual improvements to the tech was always part of the plan. Segwit it is for this round. Just how it is.

[bitcoinPsycho]

If BCH succeeds in killing BTC, then:
1) There will be a general crash in crypto because it will be proved that they can be killed by such attacks; and
2) There are many better coins than BCH to play with.

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

That's just not how it's gonna work. Bitcoin is whatever the bitcoin wallets accept. Which is segwit, like it or not. The other one is stuck in alt status and will continue to be so.

Continual improvements to the tech was always part of the plan. Segwit it is for this round. Just how it is.

Thats exactly how I see it.

[rjclarke2000]

Round 2 = lightning? Will that be this year do you think?

[BlindMayorBitcorn]

I'd say we're overdue for 30% correction. But I don't condone it.

Keep repeating it and never give up! Once we hit $10k you might prove right.

[Searing]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

[elrippos friend]

Nearly 44M in buy orders on Stamp. Even if that is only half true   

Pennies 

[Last of the V8s]

http://queue.acm.org/detail.cfm?id=3136559
August 29, 2017
Volume 15, issue 4
Bitcoin's Academic Pedigree
The concept of cryptocurrencies is built from forgotten ideas in research literature.
Arvind Narayanan and Jeremy Clark

- first half, the review, notbad; 2nd half, the extrapolations, bad.

[fluidjax]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

If you haven't claimed your Byteball, unfortunately you've lost the opportunity, the major monthly airdrops are over and you needed to sign your Byteball address with your BTC private keys for a drop each full moon. There are a few more to come but its only 10% of what it was.
Clams & Bitcore is a very small amount (a few dollars per BTC)