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

[Biro Bob]

Sometimes I wonder if altcoin proponents ever have this honest conversation with themselves:

"I bought into this great altcoin called [X]. It has these great, neato features that Bitcoin doesn't have. I've held this altcoin for years and years. Of course, I've never really spent them on anything, and likely won't. So I really can't attest that these great, neato features really have any real value to myself, or anyone else for that matter. And now that I really think about it ...it hasn't really changed my life in any significant way to hold/use this altcoin versus just using Bitcoin. But I'm gonna keep holding it anyway because....umm...because .....neato features! Hypothetical use cases [that never apply to me] matter!!"

Lol  

Hi Torque. Whilst I agree with many of your posts and enjoy reading them, I can honestly say that ‘honest conversation’ when it comes to Monero. got into Monero in 2014 and have held it ever since. I love it as a store of value and I believe in its long term potential. I like the idea of a Swiss bank account in my pocket and whilst I love Bitcoin too.... I hate revealing the contents of my wallet when I pay someone.

[Torque]

I hate revealing the contents of my wallet when I pay someone.

That's cool. I'm glad you are a Bitcoin supporter. You can think what you want about Monero. But every time I've spent bitcoin on something, I've never revealed the contents of my wallet to anyone. So...?

[Biro Bob]

I hate revealing the contents of my wallet when I pay someone.

That's cool. You can think what you want about Monero. But every time I've spent bitcoin on something, I've never revealed the contents of my wallet to anyone. So...?

I avoid it where possible, but it’s not as easy to do as it is using Monero. What’s your trick for simple obfuscation in Bitcoin? Do you transfer to an exchange then out again or something like that?

[realr0ach]

That's cool. I'm glad you are a Bitcoin supporter.

Quotes like this are why you can tell cryptocurrency is just a pump and dump hype scam.  Such things called objective fundamentals exist.  Whatever has the best fundamentals will eventually win out and doesn't need "supporters" aka cult members to join.  The best thing will simply rise to the top regardless due to it's traits.  Bitcoin is more like a multi-level marketing scheme at this point with thousands of people like "fonestar" spamming "BUY BITCOIN (or ethereum or other random craptocurrency) BECAUSE I OWN SOME AND IT WILL MAKE ME MONEY IF YOU DO".

I've already diagnosed all possible branch prediction in terms of money and what can and cannot be done with digital currency.  It's not possible to create a decentralized cryptocurrency.  They all either start centralized from day one, or become increasingly centralized by the day.  This means the only thing that will survive/morph out of this entire space are federated chains run by govts and corporations, something nobody on this forum should want to be a part of.

You have a lot of complete fools and pump and dumpers claiming that because something has the word "digital" in it, that it's the "future".  In terms of actual fundamentals, cryptocurrency makes no improvement whatsoever to the real decentralized money that existed before it - gold and silver.  Everything about so called digital money is a step backwards.  The only "improvement" in cryptocurrency is how fast you can dump it, but that's also a trait shared by fiats.  It would be like a fiat person claiming to a bitcoin person that fiat is better because it's easier to dump.  Hilariously, Gresham's law facilitates that paradigm that the worse a money is, the more liquid it is, so bitcoin being quicker to dump since it can be done at a distance is not even a plus.

[fluidjax]

This is a bunch of interesting Bitcoin charts I hadn't seen before.


http://charts.woobull.com/bitcoin-nvt-ratio/

[jojo69]

did somebody fart?

[BitcoinBunny]

did somebody fart?

Wasn't me.

[mike4001]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

I didn't even claim my free Bitcoins from Bitcoin Gold yet.

[realr0ach]

This is a bunch of interesting Bitcoin charts I hadn't seen before.


http://charts.woobull.com/bitcoin-nvt-ratio/

He doesn't seem to acknowledge that much of bitcoin's volume is not even real and consists of coin mixing and spam attacks.  I mean, miners themselves can send free transactions with no opportunity cost assuming the network wasn't already maxed out to manipulate this number to whatever they want.  Even if the network was maxed out, they could just send $200 million from one hand to another all at once to manipulate this number with the equivalent of $2 fee.  I'm not really seeing how this number is valid unless you can separate what's real and faked economic activity, which isn't possible.

[BitcoinBunny]

This is a bunch of interesting Bitcoin charts I hadn't seen before.


http://charts.woobull.com/bitcoin-nvt-ratio/

He doesn't seem to acknowledge that much of bitcoin's volume is not even real and consists of coin mixing and spam attacks.  I mean, miners themselves can send free transactions with no opportunity cost assuming the network wasn't already maxed out to manipulate this number to whatever they want.  Even if the network was maxed out, they could just send $200 million from one hand to another all at once to manipulate this number with the equivalent of $2 fee.  I'm not really seeing how this number is valid unless you can separate what's real and faked economic activity, which isn't possible.

How do we know YOU are real?

[RealMachasm]

This is a bunch of interesting Bitcoin charts I hadn't seen before.


http://charts.woobull.com/bitcoin-nvt-ratio/

He doesn't seem to acknowledge that much of bitcoin's volume is not even real and consists of coin mixing and spam attacks.  I mean, miners themselves can send free transactions with no opportunity cost assuming the network wasn't already maxed out to manipulate this number to whatever they want.  Even if the network was maxed out, they could just send $200 million from one hand to another all at once to manipulate this number with the equivalent of $2 fee.  I'm not really seeing how this number is valid unless you can separate what's real and faked economic activity, which isn't possible.

How do we know YOU are real?

Well his name says he is /s

Edit: I am a bot ......

[HairyMaclairy]

It’s interesting but I would rather map it against Coinbase users

[HairyMaclairy]

If Bitcoin Diamond has more proof of work than Bcash, then Bitcoin Diamond will become the real Bcash.

[kurious]

Sometimes I wonder if altcoin proponents ever have this honest conversation with themselves:

"I bought into this great altcoin called [X]. It has these great, neato features that Bitcoin doesn't have. I've held this altcoin for years and years. Of course, I've never really spent them on anything, and likely won't. So I really can't attest that these great, neato features really have any real value to myself, or anyone else for that matter. And now that I really think about it ...it hasn't really changed my life in any significant way to hold/use this altcoin versus just using Bitcoin. But I'm gonna keep holding it anyway because....umm...because .....neato features! Hypothetical use cases [that never apply to me] matter!!"

Lol  

Hi Torque. Whilst I agree with many of your posts and enjoy reading them, I can honestly say that ‘honest conversation’ when it comes to Monero. got into Monero in 2014 and have held it ever since. I love it as a store of value and I believe in its long term potential. I like the idea of a Swiss bank account in my pocket and whilst I love Bitcoin too.... I hate revealing the contents of my wallet when I pay someone.

You are not alone on this thread - privacy is an issue, XMR does look like the best solution IMHO.

End of off topic

[sirazimuth]

did somebody fart?

 it had to have been this talented character

[Karartma1]

This is going to be the Bitcoin chart. You heard it from me first.
Your game to find out what that is.
I might give a small tip

[ssmc2]

This is going to be the Bitcoin chart. You heard it from me first.
Your game to find out what that is.
I might give a small tip

Berkshire hathaway?

[jbreher]

So, Bitcoiners, wait or sell your Gold, and what to buy?

I've sold about half my Bitcoin Gold so far. Traded it into Bitcoin Segwit. About half of the resultant Bitcoin Segwit, I have exchanged for Bitcoin Cash. The remainder of that Bitcoin Segwit is sitting on open Bitcoin Cash buy orders, waiting for the price to be hit. Though it looks like my bids are too low. May have to cancel and reset.

[Karartma1]

yep... thanks for calling out the game that fast.

It's the historical chart since the inception.

send me your btc addy privately and I'll tip
Well done!

https://finance.yahoo.com/quote/BRK-A/

Go BTC go

[HairyMaclairy]

yep... thanks for calling out the game that fast.

It's the historical chart since the inception.

send me your btc addy privately and I'll tip
Well done!

https://finance.yahoo.com/quote/BRK-A/

Go BTC go

That was pretty quick.  I wouldn’t have gotten it. Would be interesting to compare Bitcoin to Tesla.