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

[xhomerx10]

I haven’t claimed my BTG yet but from what I’ve read Coinimi looks the best bet to do it safely. Input your old private keys that had bitcoin associated with them at the fork & then your Coinimi account will be credited with BTG.

Personally I’d then move them to bittrex & exchange for bitcoin (exactly what I did with my BCH - but moved from Electron Cash to bittrex instead).

I've used Coinomi to claim some of my BTG and it worked flawlessly. Didn't use a seed, as I had already transferred some BTC to it before the fork, in order to ease the claim process. Important: you need to change the BTG address derivation path in order to get to your claimed coins. The normal Coinomi BTG wallet has a different path and your coins won't show straight away. Don't panic, just Google it, I think there's an official guide for this.

I checked on Coinomi.  they only have an android wallet.   Nothing for windows PC yet.  unless i am missing something.

I am not placing any serious funds on a phone !!!!!  Phones are for play money and coffee/groceries.

 Lighten up Francis...  It'll take you 10 minutes to scan the QR codes into Coinomi and move the coins to the exchange of your choice in order to dump them.  Try not to lose focus and inadvertently leave home with your phone until you've completed the task.

 

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[Ibian]

But there is a centralization effect happening with Bitcoin in the sense that big miners are forcing their smaller competitors out of the marketplace by constantly reinvesting in better infrastructure (mining gear) - which the average Joe can't keep up with and therefore his mining power keeps decreasing. So in the end there will be a few top dogs and a few "hobby miners" I guess.

You just described why bitcoin is 100% pointless and has no value because it's not possible to create a decentralized digital currency.  It's designed to centralize and if you can't legitly outgrow all your opponents by just parlaying your investment into new miners, adversarial mining is another method to destroy the competition and is basically a free win to defeat them assuming your hash power is larger than theirs.  It would be like if it was legal in the metals industry for Max Keiser to run over the hill and attack Mike Maloney with a shovel while he's trying to pan the river for gold to corner the market.

Or as Luke Jr has said before, for every 1 miner you buy from Bitmain, it gives Bitmain 10 free miners of their own, making it completely pointless to buy anything from them (unless you pretend bitcoin is some type of infinite pump and dump that can only pump and never dump).  Or as Anonymint also paraphrased the situation, economy of scale begets more economy of scale.

We are literally over 9000. Just go away.

[HairyMaclairy]

If you are on an iPhone using Safari it’s 10x more secure than a windows PC.  Androids are a joke though.

[JimboToronto]

About your user name, are you a big fan of Doc Cox?  

I'm a big fan of the wanker's song.

https://www.youtube.com/watch?v=uqJHoZBJYxI

I didn't discover Biggun/Cox until the 1980s and wore out the cassette tape playing it for people.

My favorite was called "I Can't Stand It" and it was about being teased by jailbait, no hint of pedophilia or anything. Just the opposite... it was about trying to avoid it. Instead of his usual banjo/ukulele skiffle schtick, it was set to a rock & roll beat.

"Oooh ooh ooh, you're much to young to screw, but when you do the things you do, I can't stand it..."

Unfortunately it didn't seem to make it onto Youtube.

[vroom]

If you are on an iPhone using Safari it’s 10x more secure than a windows PC.  Androids are a joke though.

I think the nexus and pixel phones are pretty ok, they get monthly security updates.

[BTCOP]

Hi to all!

This is my first post to this forum. I have been following this thread for a couple of month and found the discussions to be the most informed I've come across by quite some way.

I have a very modest bitcoin holding. Just less and 1 BTC. So i can't speak about Lambo's or sea front houses on the California Coast. However i can speak with the hope that one day i will be able to pay off my mortgage early. So i hope that my modest investment will become a life changing one in the future.

Anyway, i thought i'd post this chart which i'm sure many of you have seen before but what i found interesting was the date this chart predicts that 1 BTC would be worth 10k USD. "22-11-17". I can only hope this chart plays out to 2024. Cos if it does then i can pay off my mortgage and still have enough left over to book a holiday to the California coast. Who knows! Might see one of you guys driving down Highway 1 in your Lambo.

https://ibb.co/hz7ya6

[ImI]

Hi to all!

This is my first post to this forum. I have been following this thread for a couple of month and found the discussions to be the most informed I've come across by quite some way.

I have a very modest bitcoin holding. Just less and 1 BTC. So i can't speak about Lambo's or sea front houses on the California Coast. However i can speak with the hope that one day i will be able to pay off my mortgage early. So i hope that my modest investment will become a life changing one in the future.

Anyway, i thought i'd post this chart which i'm sure many of you have seen before but what i found interesting was the date this chart predicts that 1 BTC would be worth 10k USD. "22-11-17". I can only hope this chart plays out to 2024. Cos if it does then i can pay off my mortgage and still have enough left over to book a holiday to the California coast. Who knows! Might see one of you guys driving down Highway 1 in your Lambo.

Welcome! Who knows maybe 1BTC will be enough to pay your mortgage.

[ErisDiscordia]

Hi to all!

This is my first post to this forum. I have been following this thread for a couple of month and found the discussions to be the most informed I've come across by quite some way.

I have a very modest bitcoin holding. Just less and 1 BTC. So i can't speak about Lambo's or sea front houses on the California Coast. However i can speak with the hope that one day i will be able to pay off my mortgage early. So i hope that my modest investment will become a life changing one in the future.

Anyway, i thought i'd post this chart which i'm sure many of you have seen before but what i found interesting was the date this chart predicts that 1 BTC would be worth 10k USD. "22-11-17". I can only hope this chart plays out to 2024. Cos if it does then i can pay off my mortgage and still have enough left over to book a holiday to the California coast. Who knows! Might see one of you guys driving down Highway 1 in your Lambo.

Hi there!

There will only ever be 21M bitcoin and I would guess up to 10% have been lost anyway. Having 1BTC puts you in the very top bracket of holders - so welcome and enjoy the ride!

By the way that chart turned out to be extremely on point, predicting 10K in November 2017 way back in 2014...

[TERA2]

I think there is much more than 1M bitcoins lost.

[Heater]

Hi to all!

This is my first post to this forum. I have been following this thread for a couple of month and found the discussions to be the most informed I've come across by quite some way.

I have a very modest bitcoin holding. Just less and 1 BTC. So i can't speak about Lambo's or sea front houses on the California Coast. However i can speak with the hope that one day i will be able to pay off my mortgage early. So i hope that my modest investment will become a life changing one in the future.

Anyway, i thought i'd post this chart which i'm sure many of you have seen before but what i found interesting was the date this chart predicts that 1 BTC would be worth 10k USD. "22-11-17". I can only hope this chart plays out to 2024. Cos if it does then i can pay off my mortgage and still have enough left over to book a holiday to the California coast. Who knows! Might see one of you guys driving down Highway 1 in your Lambo.

Welcome.

That graph is from Trolololo.

Let's see if he does an updation soon. Link to original thread:

https://bitcointalk.org/index.php?topic=831547.0

[AlcoHoDL]

Tell them to buy sats instead, they're cheaper than doge at only $0.000091 each. They can buy 100,000 sats for about $9.

I was gonna say the same thing. Why dick around with millibitcoins, which naturally sound small when you can use satoshis, which sound more important.

I'd rather just use bitcoins. If people can't figure out basic grade-school arithmetic, perhaps they shouldn't be messing around with Bitcoin.

Maybe gasoline should be sold by the milliliter or ounce instead of by the liter or gallon, to keep the price down.  

Fair enough. Satoshi is a good choice, and has been there from day one. It's even cheaper than Doge, as mentioned, so one could buy hundreds of thousands or even millions for cheap. I know what you mean about people not getting it, but sometimes these things do matter. Like pricing something at $9.99 instead of $10. It's a psychological thing.

And... gentlemen... we have some pump action developing nicely!

[Lauda]

Recommended watch: https://www.reddit.com/r/Bitcoin/comments/7fksah/after_years_of_people_hoping_for_this_to_happen/.

Bitstamp | Total bids: 107819705 USD. Total asks: 1931 BTC. Ratio: 55808.13374 USD/BTC. | Data vintage: 0.0138 seconds

[BTCOP]

Hi to all!

This is my first post to this forum. I have been following this thread for a couple of month and found the discussions to be the most informed I've come across by quite some way.

I have a very modest bitcoin holding. Just less and 1 BTC. So i can't speak about Lambo's or sea front houses on the California Coast. However i can speak with the hope that one day i will be able to pay off my mortgage early. So i hope that my modest investment will become a life changing one in the future.

Anyway, i thought i'd post this chart which i'm sure many of you have seen before but what i found interesting was the date this chart predicts that 1 BTC would be worth 10k USD. "22-11-17". I can only hope this chart plays out to 2024. Cos if it does then i can pay off my mortgage and still have enough left over to book a holiday to the California coast. Who knows! Might see one of you guys driving down Highway 1 in your Lambo.

https://image.ibb.co/kg9Bv6/bitcoin_chart.jpg

Welcome.

That graph is from Trolololo.

Let's see if he does an updation soon. Link to original thread:

https://bitcointalk.org/index.php?topic=831547.0

Ahhh! I thought someone on here would have seen this before. Thanks for the original thread. Spookily accurate date though!  Would be good to see him do an update.

[billyjoeallen]

And we get to deal with pirates. This should be fun.

Meantime 9,000? It's over 9,000?

Wow.

Pirates and waves. Most people that hear about it first usually bring up the waves too. 100 foot waves. And hurricanes.

Seateading again.  Dumbest AnCap idea ever. You undermine the economic and monetary policies of several major military powers simultaneously to create a hotbed of gambling prostitution drug use and money laundering. You think international waters will save you?

Two words: MK48 torpedoes.

[infofront]

We are approaching the 9500$ target masterluc set a year or so ago as the top of this wave. Now I'm not sure if he has revised this (I think he has) but I would not be surprised to see a big correction at these levels.

Here is that graph: https://www.tradingview.com/chart/BTCUSD/MrwPhbog-Long-Term-Bitcoin-price-extrapolation/

He just posted again three hours ago reiterating his current forecast:

[HairyMaclairy]

Edit:  never mind - misread the chart.

[Wekkel]

See attached with updated graph until now.



Fits like a glove: $22,000 here we come after which there is a small breather below $15,000.

The following is also a good one:

[Arriemoller]

And I repeat my query: What's the vision?

Just a few people living on houseboats. Nothing to concern yourself with.

I think the vision is a few people living on houseboats and governing themselves, sounds like a good idea to me. Live and let vive.

[sirazimuth]

I think there is much more than 1M bitcoins lost.

and when you google for these lost bitcoins stories most are really dated numbers in terms of value.
You literally have to multiply the reported value 15 fold making it even more "head shaking worthy." (for want of a better term)
So for example this familiar story
I'm sure most of the legendaries/heroes in here have heard about the
7500 bitcoins lost valued at over a reported $5 million then that are now worth around $70 million.
And this is just one story of many.
It's mind blowing when you think about it.

[HairyMaclairy]

A question.  Bitstamp seems to hopelessly trail the market.  Bitfinex is high volume. Bithumb seems to have picked up the Chinese market. Gdax seems to be the price leader.

Do we need to forget about Bitstamp and focus on BFX, GDAX and Bitthumb?