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

[Ibian]

This is a good one, courtesy zerohedge :

I like how he claims now that price doesn't matter to him - a trance that the bear mind enters to minimise painful contradiction.

A person like Mr. Dimon who has lived his whole life with the idea that "Well you should value what I value or what the state values" has never spent much time contemplating how sound money and belief are intricately intertwined, and form a feedback loop of belief that grows exponentially starting from a smaller group. His thinking is still heavily tied to "statist money" and "statist value", which always involves a centralized intermediary. In fact, his very business depends on it.

That guy doesn't learn. 24h after saying he won't be talking about Bitcoin anymore he does again and says that "If you're stupid enough to buy it, you'll pay the price for it one day".

It's almost hilarious.

While his evil corporation JPMorgan Chase does MASSIVE BTC trading.

So much, in fact, that the BTC Community should THANK HIM!!!  

 HA HA

NOT.

Not only that... He not only talked about it again... He talked about it MORE than ever before:

https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

... And his own daughter owns a couple BTC!

C'on.... it is a bit hilarious at the very least

https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

"...could care less blah blah blah ha ha ha ....(forced feeble laughter)
blah blah blah bitcoin stupid blah blah blah (ha ha ...fake laugh)
(awkward silence) ha ha ha .... blah blah   (awkward silence)     (ha ha ha polite laughter)
(arm that's not in a stupid looking sling then waves) ha ha my formerly smart daughter... bitcoin ha ha..... "


holy shit! and this idiot is the CEO of a financial conglomerate? that's just frikkin scary.
what an effin moron!

The formerly smart daughter thing was the important bit. He threw his own blood under the bus.

[fluidjax]

Dont worry, we have Segwit  
Unconfirmed transactions are just spam, produced by malicious agents with evil intentions in search of power. No real adoption.
Anyway, soon we will have Lightning Network, and Joe will only have to buy Lightning Coins to participate in the "great revolution". The great revolution of the fractional reserve banking 2.0.
And if you think it is not enough, all this with the sponsorship of blocks of 1MB FOREVER! We will have the most decentralized network and nodes in raspberry pi.
So, leave your stupidities and think big!

PS: Seriously, I love the 5000s    Congratulations to all!
 

Why do you bother, just repeating all the lies.

There is lots of spam in the mempool you can see the transactions, look at what they contain.
There is no such thing as lightning coins, and it won't support fractional reservere.
Most Core Devs believe that the block size will increase when its actually necessary.
The more people who run a node the better, strength of the network comes from everyone having a stake and not just relying on miners to protect us.
These are not even points for debate, your statements are just lies.

[alexeft]

Dont worry, we have Segwit  
Unconfirmed transactions are just spam, produced by malicious agents with evil intentions in search of power. No real adoption.
Anyway, soon we will have Lightning Network, and Joe will only have to buy Lightning Coins to participate in the "great revolution". The great revolution of the fractional reserve banking 2.0.
And if you think it is not enough, all this with the sponsorship of blocks of 1MB FOREVER! We will have the most decentralized network and nodes in raspberry pi.
So, leave your stupidities and think big!

PS: Seriously, I love the 5000s    Congratulations to all!
 

Why do you bother, just repeating all the lies.

There is lots of spam in the mempool you can see the transactions, look at what they contain.
There is no such thing as lightning coins, and it won't support fractional reservere.
Most Core Devs believe that the block size will increase when its actually necessary.
The more people who run a node the better, strength of the network comes from everyone having a stake and not just relying on miners to protect us.
These are not even points for debate, your statements are just lies.

Dusting my old miners here! Let the scared be scared! Let them fork off already!  

[White sugar]

Who bought at the top?

[alexeft]

Who bought at the top?

Nobody! Bitcoin has no top! 

[RealMachasm]

Who bought at the top?

Nobody! Bitcoin has no top! 

Love it and sooo true.

[jbreher]

CoinJoin, JoinMarket, Shuffle-what-ever-thingies. ... taint is pretty much useless if someone knew to mix or premix bitcoins. Granted, it's not being done by "normal" people yet, only those in that irc chat room or something that do these transactions. But it will catch on.

We still don't have a usable technology to mix transactions that does not consume even more on-chain block space. Which is, of course, space we don't have on the 1MB4EVAH chain.

#justsayin'

Well this might come to a surprise to you (or you're well aware of this and just trolling  ), but BTC was never meant to be fully anonymous. So yeah it you want to anonymize your coins you have to pay, or wait for sidechains, or if you can't wait use an alt.

<---- point

VVV
Your head

[starmman]

Thank god she doesn't listen to her idiot father.

I mean J-coin.... really?

Also, he goes on saying that bitcoin is worthless, yet "Governments will someday crush it." So Mr. Dimon, why would they bother to try and crush it if it is worthless? And how exactly would they do that?

And then he says this about fiat currencies: "And a central bank — of course they can misuse it. The central bank [can also] inflate it. So there is a use case for bitcoin."

Yeah we know that you idiot, that's exactly why we like bitcoin!  

Haha... very good points there... Personally, I think there is a place for BTC and fiat =)

[AlcoHoDL]

Dont worry, we have Segwit  
Unconfirmed transactions are just spam, produced by malicious agents with evil intentions in search of power. No real adoption.
Anyway, soon we will have Lightning Network, and Joe will only have to buy Lightning Coins to participate in the "great revolution". The great revolution of the fractional reserve banking 2.0.
And if you think it is not enough, all this with the sponsorship of blocks of 1MB FOREVER! We will have the most decentralized network and nodes in raspberry pi.
So, leave your stupidities and think big!

PS: Seriously, I love the 5000s    Congratulations to all!
 

Why do you bother, just repeating all the lies.

There is lots of spam in the mempool you can see the transactions, look at what they contain.
There is no such thing as lightning coins, and it won't support fractional reservere.
Most Core Devs believe that the block size will increase when its actually necessary.
The more people who run a node the better, strength of the network comes from everyone having a stake and not just relying on miners to protect us.
These are not even points for debate, your statements are just lies.

This!

Many of us may think we know what's best for Bitcoin, but that doesn't mean we're right... Bitcoin has proved itself over the years, its heart beating steadily every 10 minutes since it was born. That's not an easy thing to achieve when you are being attacked constantly 24/7. We must put our trust on experienced coders that have a history of successes in this field, and not some guys like Jihan Wu, Roger Ver, and the likes of them. Any change in code, even a single line or a character, can cause a collapse if the coders don't deeply understand what they're doing.

About the block size, yes, it will increase. Yes, as technology improves, and network speed and storage space increase, it may eventually become much larger than 1 MB. But it should happen in a well planned, carefully controlled and surgically precise manner. Bitcoin has given us so much over the years, and it appears the train is advancing at full speed. Let's keep it that way...

[Bitcoin_BOy$]

Maybe we can reach 6000 this week who bet ?

[fragout]

Symmetrical triangle. Break coming soon. Upside or Downside - That is the question

[bitebits]

How Long Will You Wait for $10,000?

Three years, you can call me patient.

[Spaceman_Spiff_Original]

CoinJoin, JoinMarket, Shuffle-what-ever-thingies. ... taint is pretty much useless if someone knew to mix or premix bitcoins. Granted, it's not being done by "normal" people yet, only those in that irc chat room or something that do these transactions. But it will catch on.

We still don't have a usable technology to mix transactions that does not consume even more on-chain block space. Which is, of course, space we don't have on the 1MB4EVAH chain.

#justsayin'

Well this might come to a surprise to you (or you're well aware of this and just trolling  ), but BTC was never meant to be fully anonymous. So yeah it you want to anonymize your coins you have to pay, or wait for sidechains, or if you can't wait use an alt.

<---- point

VVV
Your head

I was literally thinking: " I am sure he is trying to draw out an expression here, but I don't get it.  This stuff is going over my head ..... ..... Oooh, right.  Guess I didn't miss the point after all"  

EDIT: By thee way, I think some mild dropping is in order this weekend.

[BlindMayorBitcorn]

No. There is no dropping this train.

[bitcoinPsycho]

$6000 buy sunday

[bitebits]

I have mixed feelings about the rise. I locked in my retirement at a lower price. So now I'm not "as rich" as I could be. Best to stop thinking about the "what ifs" and just be happy. Strange feeling though.

Taking your original investment out or some profit off the top is never a bad thing. That's smart. But going all out 100%?

Man Elwar, you gotta realize that if Bitcoin can go to $5400/btc and 99.9% of the population still hasn't bought any yet, then surely you know it'll hit $20K or $50K one day in the future? You gotta keep some in, dude. If you don't then you might be regretting it years down the road.

Oh no...not 100%. Maybe half.

So don’t be too hard on yourself Elwar, like this you can still retire twice. Not too much of a bad situation to be in.

As you know more than anyone else Bitcoin is a deflationary asset. Selling for fiat will make you miss out on future fiat gains.

But investing those dollars in for example dividend paying stocks or real estate paying rent gives a less volatile source of income. It potentially gives a bit of piece of mind, and when it all goes to shit you still have a hedge in Bitcoin which already today you can retire on, again.

Congratulations, you escaped from the hamster wheel.

[fragout]

Symmetrical triangle. Break coming soon. Upside or Downside - That is the question

As predicted - Breakout - to the upside which is nice. I would have prefered this to happen Monday though but ill take it.

[Wekkel]

We are on our way to a quick and cool doubling: $5,000 to $10,000. Do not sell too soon.

[Meuh6879]

How Long Will You Wait for $10,000?

Three years, you can call me patient.

[sgk]

How Long Will You Wait for $10,000?

Three years, you can call me patient.

Yes, you're a patient. You need to see a doctor.