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

[Torque]

See, the altcoin pumpers are some of the stupidest people on earth.

They pump them all. Literally ALL OF THEM at the same time.

Then their troll army spams the Bitcoin forums with "This [ONE altcoin X] is going to take over Bitcoin!"

Yeah, that's real convincing work there.  They must all be special unicorns. If only we knew which one. /s

[Heater]

Nice little pump underway.

The order book on stamp looks a little unbalanced - there is a sudden drop off of coins above $8k

[jojo69]

I would like to clarify my position regarding Mark Karpeles lest my last post be taken out of context.  While he does look eminently punchable in that particular pic, I actually bear him no ill will.  It is my belief that Mark was simply in over his head, that when he got robbed he tried to find a workaround with the willy bot but events caught up with him.

My personal story is that I was able to get the lion's share of my modest holdings off of GOX without issue well after the alarm bells were sounding.  I believe that he set some sort of algorithm or threshold that locked large accounts near the end, while allowing smaller fish to escape, and for this noble act I applaud him.

I still think he was a dumbass who was in over his head, but I do not believe he ever meant to harm anyone.

[gembitz]

See, the altcoin pumpers are some of the stupidest people on earth.

They pump them all. Literally ALL OF THEM at the same time.

Then their troll army spams the Bitcoin forums with "This [ONE altcoin X] is going to take over Bitcoin!"

Yeah, that's real convincing work there.  They must all be special unicorns. If only we knew which one. /s

true however "onecoin" takes it to a whole new plateau bwhaha

[realr0ach]

tonnes of scope for Ver to scam people for the wrong bitcoin

There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling.  Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand.

The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place.  You can't store value in an imaginary asset.  It's value could only come from whatever possible utility it provides.  It doesn't have value just from existing (stock)...because it doesn't really even exist.  Gold and silver have actual scarcity.  Bitcoin is based on artificial scarcity.  This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts.  But the market will eventually take the value back down to zero again.  It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat.

So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much.  From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset.  So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead.

[Paashaas]

tonnes of scope for Ver to scam people for the wrong bitcoin

There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling.  Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand.

The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place.  You can't store value in an imaginary asset.  It's value could only come from whatever possible utility it provides.  It doesn't have value just from existing (stock)...because it doesn't really even exist.  Gold and silver have actual scarcity.  Bitcoin is based on artificial scarcity.  This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts.  But the market will eventually take the value back down to zero again.  It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat.

So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much.  From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset.  So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead.

I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time.

Roach is not so happy these days, he loves shitting on Bitcoin...i know why!

Roach sold at the bottom

[Paashaas]

FUD

[Rosewater Foundation]

tonnes of scope for Ver to scam people for the wrong bitcoin

but...

I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time.

Roach is not so happy these days, he loves shitting on Bitcoin...i know why!

Roach sold at the bottom

Is that why it's called 'being Roached' out of the market? No wonder he's so bitter.

[Heater]

I would like to clarify my position regarding Mark Karpeles lest my last post be taken out of context.  While he does look eminently  punchable on that particular pic, I actually bear him no ill will.  It is my belief that Mark was simply in over his head, that when he got robbed he tried to find a workaround with the willy bot but events caught up with him.

My personal story is that I was able to get the lion's share of my modest holdings off of GOX without issue well after the alarm bells were sounding.  I believe that he set some sort of algorithm or threshold that locked large accounts near the end, while allowing smaller fish to escape, and for this noble act I applaud him.

I still think he was a dumbass who was in over his head, but I do not believe he ever meant to harm anyone.

I don't think any us took it as serious, but good on you for clarifying.

While we are on the topic of Mark - congrats to him for his amazing transformation.

If any of you reading this are out of shape - go and get your self sorted out - it's not hard.
-Diet
-Exercise
-Dress well
-Be excellent to other people, especially family
-Read
(I'm assuming you are already financially secure or will be soon)

No point being rich and in an early grave, lonely or hated.

[realr0ach]

tonnes of scope for Ver to scam people for the wrong bitcoin

There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling.  Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand.

The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place.  You can't store value in an imaginary asset.  It's value could only come from whatever possible utility it provides.  It doesn't have value just from existing (stock)...because it doesn't really even exist.  Gold and silver have actual scarcity.  Bitcoin is based on artificial scarcity.  This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts.  But the market will eventually take the value back down to zero again.  It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat.

So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much.  From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset.  So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead.

I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time.

Roach is not so happy these days, he loves shitting on Bitcoin...i know why!

Roach sold at the bottom

No, it's amusing to see the price of bitcoin rise when it's just some fringe thing, but not once you can see the endgame getting closer:  a federated digital only slave currency run by jewish money changers.  Fox just the other day was trying to float the idea of social security being issued by "blockchain", so you'd have your identity tied to the thing and they dole you out your stipend that way.  It's pretty fucking obvious they would also expand that to the entire monetary system and then you'd have your digital slave currency they've always wanted to implement where everyone would be forced to transact under the "social security blockchain".

Where does that leave bitcoin?  Bitcoin is almost entirely centralized so they can just attack the giant PoW farms or outlaw it and it's gone instantly and then they force everyone onto govt chain.  Anyone that values freedom should be boycotting anything remotely connected to digital currency at all.  Since it's not possible to solve decentralization, the only possible evolution of craptocurrency WILL BE federated chains run by govt and/or corporations.  Anything related to "blockchain" will be detrimental to humans in general while the only way to defeat the jewish money changers and their debt based slave systems is using physical gold and silver in native coin form.

[jojo69]

list of live right redacted

addendum, keep the intoxicants to a dull roar

[Pajulapoiss]

tonnes of scope for Ver to scam people for the wrong bitcoin

There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling.  Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand.

The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place.  You can't store value in an imaginary asset.  It's value could only come from whatever possible utility it provides.  It doesn't have value just from existing (stock)...because it doesn't really even exist.  Gold and silver have actual scarcity.  Bitcoin is based on artificial scarcity.  This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts.  But the market will eventually take the value back down to zero again.  It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat.

So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much.  From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset.  So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead.

I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time.

Roach is not so happy these days, he loves shitting on Bitcoin...i know why!

Roach sold at the bottom

No, it's amusing to see the price of bitcoin rise when it's just some fringe thing, but not once you can see the endgame getting closer:  a federated digital only slave currency run by jewish money changers.  Fox just the other day was trying to float the idea of social security being issued by "blockchain", so you'd have your identity tied to the thing and they dole you out your stipend that way.  It's pretty fucking obvious they would also expand that to the entire monetary system and then you'd have your digital slave currency they've always wanted to implement where everyone would be forced to transact under the "social security blockchain".

Where does that leave bitcoin?  Bitcoin is almost entirely centralized so they can just attack the giant PoW farms or outlaw it and it's gone instantly and then they force everyone onto govt chain.  Anyone that values freedom should be boycotting anything remotely connected to digital currency at all.  Since it's not possible to solve decentralization, the only possible evolution of craptocurrency WILL BE federated chains run by govt and/or corporations.  Anything related to "blockchain" will be detrimental to humans in general while the only way to defeat the jewish money changers and their debt based slave systems is using physical gold and silver in native coin form.

But... the jews and governments already own like 90% of the gold (made up fact). The price of it will be set according to their best interest.
An avarage joe has better chances of gaining the upper hand on governments, jews and banksters by investing in crypto.  Yes not only in bitcoin, but by diversifying investments.

[Anabetsi]

Gox is down here in central illinois and columbus ohio

edit:  the homepage works, it just gives a 702 bad gateway when trying to login

[Rosewater Foundation]

list of live right redacted

addendum, keep the intoxicants to a dull roar

Also try not to be a pedophile. It's unseemly

https://www.reddit.com/r/Buttcoin/comments/7bx9de/gavin_wood_cofounder_of_ethereum_says_in_his_own/

[yefi]

WSJ article is paywalled. Here's an imgur image.

https://i.imgur.com/lycq1NP.png

That last sentence is about as bearish as fk.

Why? The proceedings are in stasis until Vessenes' litigation is either resolved or withdrawn. Mark's lawyer can make whatever sounds he wants.

God damn, ol' magical tux looking pretty trim and smug there.

Whatever he's doing it agrees with him, hasn't looked so good in years...punchable...but good.

It was his fish diet in custody, no kidding.

[jojo69]

Fish you say, hmmmmm.  I may have to arrange to get incarcerated in Japan...NOT for pedophilia.

[LewisPirenne]

I was thinking that Peter Vessenes's trolling forcing creditors into becoming long-term hodlers, was actually helping people to get more than the supposedly 56K JPY per BTC pittance from that settlement.  But the WSJ article is actually suggesting otherwise and that the case may be resolved soon?  Any source/link to that fish diet info?

[Rosewater Foundation]

Anybody else beginning to think dumping BCH might not have been particularly wise?

[TheFlynn49]

Antpool stopped signalling segwit2x.
still 941 btc1 nodes on the net.

I am watching this like milk on the fire, just in case someone get a funny idea next week.

[sgk]

Anybody else beginning to think dumping BCH might not have been particularly wise?

I dumped it @ 0.2 BTC rate. I don't see it reaching that level again, so no regrets.