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

[BlindMayorBitcorn]

23 corns is nothing to sneeze at.

[Torque]

23 corns is nothing to sneeze at.

No it is not. Nor is 2.3, or even 0.23. There will only be 21M. Doesn't matter what you have, it's how you play the loooong game.  

[LewisPirenne]

Whoops, I though BTG was forking in 2 days. Just sent a panic transaction off the exchanges to me trezor. So what happens if this does not arrive within the 2 hours before the fork. Where would the BTG reside in that case?

If the tx wasn't confirmed before block 491,407 snapshot, I presume that it would still be in the old address (the exchange address).  If the said exchange is not supporting BTG fork, then people would be out of luck.  Though of course, exchange can always change their mind later if BTG sticks around and have significant marketcap.  Naturally, one can also do a replace-by-fee tx, if the exchange supports it.  Though I wouldn't recommend it as fee is really high now and we are so close to the snapshot time.

[JayJuanGee]

We don't gots nowhere near the 23.7219 BTC that you gots....    

Think you might have missed a zero there Sparky   Or maybe not???  

Don't never admit nuttin.  

[JayJuanGee]

23 corns is nothing to sneeze at.

No it is not. Nor is 2.3, or even 0.23. There will only be 21M. Doesn't matter what you have, it's how you play the loooong game.  

Exactly!!!


We need not be in a competition, except perhaps against ourselves - and yeah, we get some folks complaining that they hardly got no BTC - yet, there is no better place to start then the present... and if that means putting aside $10 per week or some other reasonable amount that works, that set aside money is likely going to be a decent long term investment, even if it adds up to less than .1BTC in several years.

[Icygreen]

Damnit, Not surprised, bitstamp "waiting to be processed".  I bet they will keep my coins until just after the fork and then send them.  Oh well, not so much anyhow. Organized the larger portion of it a week ago.  

Edit: Transaction was sent and 1 confirmation.  False alarm.   

[RoomBot]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

Yep.  I had my friends make their passwords with me & I kept their keys & p/ws etc on a spreadsheet.  Most of them did forget them, but I still have them.  

[BlindMayorBitcorn]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

Yep.  I had my friends make their passwords with me & I kept their keys & p/ws etc on a spreadsheet.  Most of them did forget them, but I still have them.  

In other words you gave a bunch of women Bitcoin and kept the Bitcoins.

[Pajulapoiss]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

[Icygreen]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

The way it was described to me recently here is this:
GPU would work for a short period of time until someone manufactures and monopolizes on ASIC machines to control the hash power. In short, that is what we already have.

Anyone Feel free to correct me if I've got that wrong.

[Torque]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

The way it was described to me recently here is this:
GPU would work for a short period of time until someone manufactures and monopolizes on ASIC machines to control the hash power. In short, that is what we already have.

Anyone Feel free to correct me if I've got that wrong.

..and something about a premine (only designed to make the initial devs rich)

..and it doesn't have the genius devs of Core, probably some Chinese dev hacks already paid off by the govt/deep state. Expect bugs, exploits, and back doors in the BTG code moving forward. I heard the devs couldn't even write proper replay protection, and are offering to pay someone else to do it? Oooh, smell that confidence...

Of course this is all just a side-show theater designed and orchestrated to confuse and divide people even more about what is the real Bitcoin. Hence the name "Bitcoin Gold".

[bones261]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

Well, so far Trezor and Bittrex have indicated that the code is not ready. At least what they have to review. Furthermore, they want to premine 100K coins. Although the futures are going for about .083BTC on Yobit, now, that is meaningless. I am certain that as soon as BTG goes live, which may be much longer than the Nov 1 target date, this will be probably dumped to a very low value. It might not even be worth it for a whale to figure out how to claim their coins. I certainly hope this doesn't become a trend. I'm sure exchanges and wallet vendors have enough to do than arrange for ways that their users can get every new forkchain. Maybe if BTC wins a resounding victory against the S2X fork and the BTG fork quickly become irrelevant wil discourage this from continuing.
If you want a GPU mineable coin, there are many hundreds to chose from already. Why does the chain have to share most of it's history with the BTC chain?

[BlindMayorBitcorn]

WE REACH BLOCK 491407

In the future everyone will have their own 15 minutes of fork.
-Andy Kaufman

[Elwar]

Just thought I'd tell you this one. I'm sure you all have similar stories.

A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.

This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.

Today he send me messages saying he didn't buy and now wants to buy some.


Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?

Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.

Another issue is I don't think he has done any research of his own at all.

Who else has a similar story?

I have several people asking me about Bitcoin, especially knowing I am retiring because of it. One guy at work who obviously hates his job sees it as a way for him to retire too so he asks how to get into it, then sighs when he realizes that he would have to wait. Sort of depressing every time I talk to him. They just want to get rich quick, I know he doesn't care about Bitcoin and I would rather not help but I will for the sake of being cordial.

Most people that are overseas I remind them that Bitcoin is a cheaper way of dealing with money than the way they are currently getting their money (going to the ATM to get dollars, taking those dollars to the overpriced exchange to change it to Won). I also ask them if they ever buy anything on Amazon, and tell them that they can save 15% on all of their Amazon purchases with Bitcoin (everyone out here buys a lot on Amazon, one guy had over $60k spending history in the past few years). I try not to encourage the "get rich quick" folks even though that's most people. After the early phase of "we need Bitcoin regulations" (so the price will go up) people seeping into the community I know better than telling just anyone about it.

Though when they ask me when is the right time to buy I say any time is the right time to buy. I tell them about an order I had in when the price was $230...I got greedy and put my buy order in at $225...it never reached that price again and I had to eventually jump in at $600 to get my money off of the exchange.

[centralbanksequalsbombs]

Anyone else here have InteractiveBrokers?

Can confirm no longer can buy bitcoinxb??

Selling pressure this week now from the USA?

Just posted this.

(quick PSA: don't keep exposure to any exchange or fund product as it leads to a central point of failure)

For some years now worldwide investors have had the option to invest in the tracking of Bitcoin price through XBT Provider's Exchange Traded Note (ETN) listed on Nasdaq Nordic (Sweden/Stockholm). If your broker allows you to by foreign-listed companies you can probably do this.

Their website
https://xbtprovider.com/


Anyone care to share their experience?

Bloomberg ticker: COINXBT ;  https://www.bloomberg.com/quote/COINXBT:SS
InteractiveBrokers in USA uses ticker BITCOINXB

I've heard InteractiveBrokers in USA this week is shutting down trading access to BITCOINXB and all of XBT's products - anyone else want to comment?

This I'm sure has created selling pressure.

Discuss here.

[cAPSLOCK]

Money flowing back into alts post BTG...

[cAPSLOCK]

And I have to admit BCH's anemic performance in the alt rally is very satisfying.

[mymenace]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

[oblox]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

Why Thursday or Friday? The snapshot height already happened...

[bones261]

Money flowing back into alts post BTG...

why?

sell off should be Thursday, Friday as bitcoin gold all done

fake sell off, profit taking (likely, excellent amount of buy orders to sell into)

this dump has me stumped

DCG or some other whale probably decided the alts needed a little love. Probably, because they've been accumulating them.