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

[LFC_Bitcoin]

It's 2017, Jay. Why are you still using Localbitcoins?

What’s wrong with LocalBitcoins? On the rare occasion that I’ve sold some of my stash I’ve sold there. Never had a problem with them as long as you sell to somebody with multiple 100% positive feedback.

Multiple 100% feedback says nothing. Or are you under the assumption that that guy who lost his 85 coins transacted with someone with zip or negative feedback?

It was a zero feedback person. Almost everyone that bought from me in Germany had no feedback because Germany did all of us sellers a favor and banned localbitcoins from Germany. All that did was locked in all of our ads which gave me a monopoly listing (2 listings, one making 10% and one making 15%) in my area and people could only connect to the site via VPN. 100% of my sales were with people buying on localbitcoins for the first time, I enjoyed helping to introduce Germans to Bitcoin and usually gave them some advice on how to take care of their BTC and some good places to spend them. I had done 15k transactions before so this was not too big of a stretch.

I was actually not going to go to that final sale but it was my 100% rating with over 100 transactions that I didn't want to screw up in case I wanted to sell again in another place.

Did you release the bitcoin’s before the money landed in your bank account? I’m not being sarcastic, it’s just when I have used LocalBitcoin’s UK version the coins are held in escrow, the buyer pays you & then you release coins. No payment, no release.

Was it different in the really early days when you used it?

Thankfully you’re a really early adopter so I hope the loss didn’t affect you too much

[Raja_MBZ]

Localbitcoins is a great place to buy/sell for me as well. There are like 20 Pakistani exchangers there who're almost always ready to buy/sell bitcoins at a reasonable rate.

Probably the best way that works out for me always - localbitcoins. Better than cards specially.

[gembitz]

It's 2017, Jay. Why are you still using Localbitcoins?

What’s wrong with LocalBitcoins? On the rare occasion that I’ve sold some of my stash I’ve sold there. Never had a problem with them as long as you sell to somebody with multiple 100% positive feedback.

Multiple 100% feedback says nothing. Or are you under the assumption that that guy who lost his 85 coins transacted with someone with zip or negative feedback?

It was a zero feedback person. Almost everyone that bought from me in Germany had no feedback because Germany did all of us sellers a favor and banned localbitcoins from Germany. All that did was locked in all of our ads which gave me a monopoly listing (2 listings, one making 10% and one making 15%) in my area and people could only connect to the site via VPN. 100% of my sales were with people buying on localbitcoins for the first time, I enjoyed helping to introduce Germans to Bitcoin and usually gave them some advice on how to take care of their BTC and some good places to spend them. I had done 15k transactions before so this was not too big of a stretch.

I was actually not going to go to that final sale but it was my 100% rating with over 100 transactions that I didn't want to screw up in case I wanted to sell again in another place.

Did you release the bitcoin’s before the money landed in your bank account? I’m not being sarcastic, it’s just when I have used LocalBitcoin’s UK version the coins are held in escrow, the buyer pays you & then you release coins. No payment, no release.

Was it different in the really early days when you used it?

Thankfully you’re a really early adopter so I hope the loss didn’t affect you too much

you must have not read the satoshi whitepaper ~ trustless   bitcoin needs no escrow you fool!

[soullyG]

Did you release the bitcoin’s before the money landed in your bank account? I’m not being sarcastic, it’s just when I have used LocalBitcoin’s UK version the coins are held in escrow, the buyer pays you & then you release coins. No payment, no release.

If you read his original post, he actually got the cash from them but had it switched by an accomplice on the way out the door

[Torque]

Man, I am so LMAO right now. Two well known youtube crypto personalities (jsnip4, Bix Weir) spent the entire early spring and summer bagging on Bitcoin, all the while promoting alt coins, ETH, and ICO tokens. One of these guys has 50K+ followers, the other 25K+. I think they spent the last 3-4 months exclusively promoting ICO tokens. They totally fell for The Flippening^TM and sold it hook-line-and-sinker to their followers.

The whole time this was going on I kept watching a few of their videos now and then, SMH, and thinking to myself "Man, you guys are going to get burned so badly and you don't even realize that it's coming. And what's worse is that you've gotten all of your followers to stay away from Bitcoin and focus exclusively on all the alt- and ICO crap."

Now, their tune has suddenly changed. In their latest videos, they are scratching their heads and wondering about why Bitcoin is rising while altlandia and ICO tokens are falling. Funniest shit I've seen. These guys are clueless. Nice guys that mean well, but totally clueless.

[LFC_Bitcoin]

It's 2017, Jay. Why are you still using Localbitcoins?

What’s wrong with LocalBitcoins? On the rare occasion that I’ve sold some of my stash I’ve sold there. Never had a problem with them as long as you sell to somebody with multiple 100% positive feedback.

Multiple 100% feedback says nothing. Or are you under the assumption that that guy who lost his 85 coins transacted with someone with zip or negative feedback?

It was a zero feedback person. Almost everyone that bought from me in Germany had no feedback because Germany did all of us sellers a favor and banned localbitcoins from Germany. All that did was locked in all of our ads which gave me a monopoly listing (2 listings, one making 10% and one making 15%) in my area and people could only connect to the site via VPN. 100% of my sales were with people buying on localbitcoins for the first time, I enjoyed helping to introduce Germans to Bitcoin and usually gave them some advice on how to take care of their BTC and some good places to spend them. I had done 15k transactions before so this was not too big of a stretch.

I was actually not going to go to that final sale but it was my 100% rating with over 100 transactions that I didn't want to screw up in case I wanted to sell again in another place.

Did you release the bitcoin’s before the money landed in your bank account? I’m not being sarcastic, it’s just when I have used LocalBitcoin’s UK version the coins are held in escrow, the buyer pays you & then you release coins. No payment, no release.

Was it different in the really early days when you used it?

Thankfully you’re a really early adopter so I hope the loss didn’t affect you too much

you must have not read the satoshi whitepaper ~ trustless  bitcoin needs no escrow you fool!

Localbitcoin’s use a type of escrow dick head. You don’t release your coins from your wallet to the buyer until you receive payment.

Did you release the bitcoin’s before the money landed in your bank account? I’m not being sarcastic, it’s just when I have used LocalBitcoin’s UK version the coins are held in escrow, the buyer pays you & then you release coins. No payment, no release.

If you read his original post, he actually got the cash from them but had it switched by an accomplice on the way out the door

Ahhhhhh face to face meets - there lies the problem. Bastards.

[buyandhold]

@theymos' side says Sillbert's side are very naughty boys:
https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety
Beware of Bitcoin's possible incompatibility with some major services.

[gembitz]

Man, I am so LMAO right now. Two well known youtube crypto personalities (jsnip4, Bix Weir) spent the entire early spring and summer bagging on Bitcoin, all the while promoting alt coins, ETH, and ICO tokens. One of these guys has 50K+ followers, the other 25K+. I think they spent the last 3-4 months exclusively promoting ICO tokens. They totally fell for The Flippening^TM and sold it hook-line-and-sinker to their followers.

The whole time this was going on I kept watching a few of their videos now and then, SMH, and thinking to myself "Man, you guys are going to get burned so badly and you don't even realize that it's coming. And what's worse is that you've gotten all of your followers to stay away from Bitcoin and focus exclusively on all the alt- and ICO crap."

Now, their tune has suddenly changed. In their latest videos, they are scratching their heads and wondering about why Bitcoin is rising while altlandia and ICO tokens are falling. Funniest shit I've seen. These guys are clueless. Nice guys that mean well, but totally clueless.

Vitalik not in prison yet for masterminding ICO pyramiding schemes?...just amazing~ i wonder how many "ICOs" his sockpuppets pulled off?
 
lel

#alien_head

[conspirosphere.tk]

Funniest shit I've seen. These guys are clueless. Nice guys that mean well, but totally clueless.

it could be worse: they could be paid alt/ICO shills.

[conspirosphere.tk]

Ahhhhhh face to face meets - there lies the problem. Bastards.

You can be scammed even remotely on LBC: reversed payment, payment from a phished account,...

[Torque]

Funniest shit I've seen. These guys are clueless. Nice guys that mean well, but totally clueless.

it could be worse: they could be paid alt/ICO shills.

I thought about that too. Especially jsnip4, he's actually had ICO 'CEOs' on his video channel promoting their ICO companies. Talk about conflict of interest. I think he's been paid under the table for sure.

Bix Weir, he's clueless about what Bitcoin even is and what all the fork controversy is about, seems to have an unhealthy obsession with LTC, and ALL of his ICO picks have gone nowhere but down down down.

[gembitz]

Funniest shit I've seen. These guys are clueless. Nice guys that mean well, but totally clueless.

it could be worse: they could be paid alt/ICO shills.

i hate (secret) paid promoters with a passion ... ICO promos are worse than bad pennystocks! ...kinda     lol

[Meuh6879]

http://www.zerohedge.com/news/2017-10-11/its-decentralized-revolution-novogratz-sees-bitcoin-10000-within-year

Code:

And now, in an interview with CNBC, the legendary trader 
has said that he believes the value of a bitcoin will reach $10,000
in six to 10 months.

"in six to 10 months."

[Torque]

When Mike Novogratz came out into the public media in late 2013, he said "Bitcoin will hit $2000 any day now, probably by the end of the year."

Just sayin'. The guy is no prophet at best, and a harbinger of doom at worst.

[jojo69]

running up for another go

[baronious]

We are going up again.  Let's see where this one will end.

[Meuh6879]

Wall are strong ... not easy to progress.  
but to dump, yeah ... this is more easy. 

[yefi]

It's 2017, Jay. Why are you still using Localbitcoins?

What’s wrong with LocalBitcoins? On the rare occasion that I’ve sold some of my stash I’ve sold there. Never had a problem with them as long as you sell to somebody with multiple 100% positive feedback.

Yeah, long record, large trade volume, real name verification and check for any negative scam feedback. None of it is a guarantee, but drastically reduces the chance of being stitched up like a kipper.

Back in 2013 I didn't take proper precautions and sold to low-feedback users without ID - that resulted in me being paid with stolen money and having my bank account frozen. Never again.

That's a very interesting story, Elwar. Thanks for sharing it with us... and sorry for your loss and your posterior bad experience with law enforcement.

Sounds painful. They're not gentle lovers with those truncheons.

[JimboToronto]

A late good morning Bitcoinland.

I see we're more than half way back after yesterday's deep correction/profit-taking... currently $4858USD/$6079CAD (Bitcoinaverage).

AltCash continues to slip... currently $313USD/$391CAD (Coinmarketcap).

While a little consolidation is good, I think it's about time we moved on up to a new ATH.

Go Bitcoin go.

[CristiTCM]

A late good morning Bitcoinland.

I see we're more than half way back after yesterday's deep correction/profit-taking... currently $4858USD/$6079CAD (Bitcoinaverage).

AltCash continues to slip... currently $313USD/$391CAD (Coinmarketcap).

While a little consolidation is good, I think it's about time we moved on up to a new ATH.

Go Bitcoin go.

We all know this, anything new?