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

[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.

[ssmc2]

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

Haha sorry had to do it. Thanks!

Edit: and I agree thats where we're headed.... only in a fraction of the timeframe 

[erre]

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?

Absolutely Yes

[jbreher]

Personally I don't understand why many of these altcoins are valued way more than Litecoin.

Some alts offer unique attributes that may prove to be of some value. Litecoin -- in my opinion -- is merely a crappy version of Bitcoin. A different algo and a quarter-time do not differentiate it enough to be judged as anything but.

[realr0ach]

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 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.

This sentence kind of demonstrates why bitcoin is complete bullshit.  An experienced user that should be difficult to fish/trick, but through economic incentives, was persuaded to adopt the idea that there can be many different bitcoins all at the same time or that it can just randomly change from one thing to another.  Real "money" can't morph or change from one thing to another because then it would not be fungible, hence bitcoin isn't and never was "money" in the first place.  

As I said in the past, due to having limited scalability and thus high fees (aka usury), bitcoin also has a reverse Schelling point where people are incentivized not to use it and create or use a different chain until there's 5 billion of them.  Gold and silver do not have any of these terminal problems and someone like Roger Ver or whoever can't just say "hey guys, gold is no longer gold, I just invented the new periodic element VerGold which has now replaced gold", while some other guy is like "no no, MaxwellGold is the real gold!".  Nobody can tamper with the traits of real money.  Bitcoin is not tamper resistant, there's tampering everywhere.

[jbreher]

Check out the tweets by people now shilling BCash extolling the virtues of Bitcoin Cash, their accounts never mentioned crypto currencies before August. They are fake/paid.
...
And the few who are interested are either idealogical big blockers, or just like Alt coins, people who missed out on the early entry to Bitcoin are desperately looking for a big win.

Present company excepted, I suppose?

Oh, well it is true that I almost never tweet.

OTOH, how is it that you view 'idealogical big blockers' as a purjorative? It is a label I wear proudly.