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

[jojo69]

[infofront]

For anyone other than Bitmain to spam Bcash they'd have to buy it and kiss it goodbye forever as no one other than Bitmain is mining it.

https://cash.coin.dance/blocks/today

Beware your message can be censored.

Yesterday I spoke in this forum about unconfirmed transactions to know if they were spam or not

All my posts have been deleted

PS: this post will be censored in 3 ...., 2 ......., 1 .......

To be accurate, I didn't delete all your posts - just most of them.
...because they were shitposts.

[BTCMILLIONAIRE]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

I can't spend on my 1 BTC i want it intact.  When i get money from other things then i'll splash out on some garlic bread because i'm on a power save for my trip to asia

When I made my first Bitcoin $1mCAD, I splurged and bought myself a nice little Gallen-Kreuger bass amp. Cost me about $1.2kCAD.

I bought it with dollars though. There's no way I'm parting with even a single satoshi unnecessarily.

I personally think John Macafee's dick is safe.

Even with his new $1m prediction? $500k seems very reasonable but optimistic. The thing with $1m is that the implied 21 trillion market cap seems a bit high without any major disruption in the blockchain market. If serious firms started raising capital and serious investors started investing through the blockchain I could very easily see those prices justified. But right now there's almost exclusively shitty lending coins and other crap that just abuses the latest successful buzzword. Alternatively we'd need serious adoption by mainstream retailers to satisfy the currency aspect of Bitcoin.

[infofront]

For anyone other than Bitmain to spam Bcash they'd have to buy it and kiss it goodbye forever as no one other than Bitmain is mining it.

https://cash.coin.dance/blocks/today

No one even bothers to spam them with 0 fee transactions?

Save your breath. Jbreher isn't looking for the truth, and he doesn't give a toss about decentralization.

Incorrect on both counts. I value the truth very highly, and I find your definition of centralization (well, your _apparent_ definition of centralization, as you refuse to define it) as useless.

As evidence, see the following:

As long as nobody who desires to mine is forcibly barred from mining, then the mining is by definition decentralized. At least as far as can be said for voluntary action.

Force has nothing to do with it.

[realsteelboy]

Im expecting a dip down to maybe 9800-10200 followed by s recovery back to here. Start to form a month long bullish Penant before a big break up

[infofront]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

I bought myself a laptop for Christmas to replace my 7 year old one. I didn't sell any bitcoins though.

I'm thinking about maybe taking some profit at 100K. Although, when bitcoin was 1K I probably said I'd take some profit at 10K.

I took my wife out to dinner last night to the best steakhouse in town.  They asked if we were celebrating anything.  I put "celebrating Bitcoin hitting $10,000" on the online reservation system.  I also mentioned this to everyone that asked us.  Not one person knew what the hell I was talking about.

Sigh

Don't sweat it. The restaurant staff is organising a home invasion as I type.

LMAO. I was thinking about the same thing as I read that.

[gembitz]

Im expecting a dip down to maybe 9800-10200 followed by s recovery back to here. Start to form a month long bullish Penant before a big break up

keep saying it over and over>.>it must come true :-D lel

[Ludwig Von]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

http://50years-u87.neumann.com/ - Fucking Rhodium Plated !!!
https://www.sweetwater.com/store/detail/VT737SP

Nothing as Neumann in the studio... .

[TERA2]

[Rosewater Foundation]

For anyone other than Bitmain to spam Bcash they'd have to buy it and kiss it goodbye forever as no one other than Bitmain is mining it.

https://cash.coin.dance/blocks/today

No one even bothers to spam them with 0 fee transactions?

Save your breath. Jbreher isn't looking for the truth, and he doesn't give a toss about decentralization.

Incorrect on both counts. I value the truth very highly, and I find your definition of centralization (well, your _apparent_ definition of centralization, as you refuse to define it) as useless.

As evidence, see the following:

As long as nobody who desires to mine is forcibly barred from mining, then the mining is by definition decentralized. At least as far as can be said for voluntary action.

Force has nothing to do with it.

It's hopeless. His game is nothing but misdirection. Doesn't give a toss.

[infofront]

I got this from another thread. It was originally posted by someone on /r/bitcoin:

I thought I’d share some of my stock market knowledge to help my fellow HODLers get a perspective on the CME futures that will be launching soon.
First let me explain a bit of history: in 1982 CME group launched futures on the S&P500.
What happened next? The stock market went on a spectacular run for 5 years until it eventually crashed in 1987.
Why does this matter for Bitcoin? Because I believe a similar story is about to unfold. This story is the fundamental story about adding leverage to a new underlying asset.
Bitcoin is a relatively “unleveraged” asset as compared to other financial assets. It’s new, it’s untainted. This is significant because of the mechanics of market prices and the future potential of market prices.

When something enters a levering stage, like Bitcoin is about to, the mechanics of the market are HEAVILY weighted to the buy side and not the sell side. Why? Because to be a seller you MUST be a previous buyer (or if you’re shorting, the supply comes from a previous buyer). This may sound weird, but the potential capacity to sell is a function of those who previously bought. This is why in an early market like Bitcoin it’s very hard for it to consistently fall as there’s not a lot of buyers yet built into the price. It takes years and years of accumulation and volatility to create a normalized market. When it’s new, especially pre leverage, it’s very easy to bid it up.
When the CME futures are added, it will likely lead to spectacular rallies, but you need to arm yourself with the knowledge that the eventual buying will plant the seeds of the future capacity to panic.

This is what happened in 1987: The stock market had a 3 day wipeout of over 22%. It took 5 years to develop the buy side enough to create the conditions for panic. This was caused by the CME futures in 1982.
Even since 1987, there has never been a crash of similar magnitude, because that initial levering stage was eventually normalized and a healthy market now exists on both bid side and ask side (sell side).

Why do I tell you this? I want to arm you with expectations to keep your wits when it all goes down. The crash on Bitcoin will likely be of many magnitudes deadlier than the stock market. We just had a 29% correction and it was frankly less than the last two. 20-40% corrections are standard in Bitcoin. When we have the futures levered crash, it’ll likely be 50-60%+. This will be hard on your psychological commitment. Prices do funny things to people’s perception, just like how BCH rose and now suddenly everyone thinks it’s a BTC contender. (Nothing’s changed, price was just pumped up and psychology affected.)

So first thing: prepare for that eventual crash, I suspect it’ll take 1-3 years to create the conditions for an extreme sell side due to leveraging. This sell will start and accelerate, hitting stop losses and margin calls, which is “mechanical selling”. The mechanical selling (forced selling) will cascade and create a feedback loop where more margin calls are hit, more stop losses, etc etc until almost all profits of the last year or 2 are wiped. Combined with the emotional panic caused by extreme falling prices, it will make people think Bitcoin isn’t real and abandon it.

Next thing: the 1987 crash, while devastating in many ways, was completely recovered by the stock market in 8 months. Seriously! The worst crash ever was repaired in 8 months and the market has been much more healthy since then. It is up dramatically since those days, and that crash was just a blip on the screen.
The same will happen with Bitcoin, but my fear is that crash will be worse than even wallsteeters can handle, and it may shake you HODLers to the core.
But if you understand that the powerful selling is just a function of the leveraged previous buying, it’s just fundamentally an opportunity.
I will ride this hard as we lever up, and after an extreme period of euphoria, when Bitcoin is on every front page, when every HODLer owns a mansion, when your government-loving socialist neighbour is asking for your help converting money to Bitcoin, I’ll be lightening up heavily, waiting for the crash. I will bet everything at the bottom of the crash, and sail off into the sunset a crypto-god.

Good luck guys. I hope you weather the next 1-3 years with great savvy.

[arklan]

Wow, great post there. I'll believe it, too. This whole futures thing is going to be a wild ride.

[Rosewater Foundation]

If you like carnage and destruction. Sounds like a blast that.

[babanana]

Why would you buy futures when you can purchase the actual bitcoin?

Its true someone/group are accumulating and price drop attempt has been negated by another purchaser. The CME group are going to sell nothing. They wont matter.

[gembitz]

Wow, great post there. I'll believe it, too. This whole futures thing is going to be a wild ride.

is nxt satoshis' coin too? :-D lol

[hazukison]

I love how your all online shopping for teslas n lambos while I'm sitting here on my 0.44 btc hoping for it to hit 25k or something crazy to make my life alittle smeg easier than living pay check to pay check 😂😪

[xhomerx10]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

http://50years-u87.neumann.com/ - Fucking Rhodium Plated !!!
https://www.sweetwater.com/store/detail/VT737SP

 Wow!  I was just watching how those microphones are made on How it's Made!  Those things are pricey.

[explorer]

I love how your all online shopping for teslas n lambos while I'm sitting here on my 0.44 btc hoping for it to hit 25k or something crazy to make my life alittle smeg easier than living pay check to pay check 😂😪

Better hump that pay check for a few more years, and wait for a couple more orders of magnitude.

[infofront]

I love how your all online shopping for teslas n lambos while I'm sitting here on my 0.44 btc hoping for it to hit 25k or something crazy to make my life alittle smeg easier than living pay check to pay check 😂😪

Keep HODLing. Worst case scenario is that you're no worse off than you are now. Best case scenario is that 0.44 BTC will purchase you a few lambos and teslas.

[explorer]

I love how your all online shopping for teslas n lambos while I'm sitting here on my 0.44 btc hoping for it to hit 25k or something crazy to make my life alittle smeg easier than living pay check to pay check 😂😪

Keep HODLing. Worst case scenario is that you're no worse off than you are now. Best case scenario is that 0.44 BTC will purchase you a few lambos and teslas.

[Nods Wisely] Diversify.