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

[LewisPirenne]

BTC does have very low correlation with almost any traditional assets.  But that is more likely due to low institutional ownership.  Once funds like Man AHL (which I used to own a  bit) and Risk Parity fund starts coming in, we most likely will start to see an increase in correlation and thus reducing the supposed hedging value of adding BTC to your portfolio.  But the extreme volatility may yet drown out any correlation.  

Regardless of different views or preference on scaling roadmap, I just hope that all bitcoiners will save their precious BTC for the future fight against the banksters and govts.  Pumping via fiat as per Bithumb is ok.  But using up precious BTC as Ver has done is just regrettable.    

[explorer]

The guy with the 300 wall on stamp is an idiot. He just keeps inching it letting everyone else get all the coins and he gets none.

Seller herding buyers up the ladder to slaughter?  Used to be how it was done near the top...

[HairyMaclairy]

Coinbase is number 1 free app on Apple Store.

[Wekkel]

The guy with the 300 wall on stamp is an idiot. He just keeps inching it letting everyone else get all the coins and he gets none.

Seller herding buyers up the ladder to slaughter?  Used to be how it was done near the top...

Its called distribution.

[realr0ach]

The guy with the 300 wall on stamp is an idiot. He just keeps inching it letting everyone else get all the coins and he gets none.

Seller herding buyers up the ladder to slaughter?  Used to be how it was done near the top...

Its called distribution.

That's about as bad as when I saw someone try to rename the word pump and dump to "capital flows" earlier.  Yea, the capital is flowing alright lol.

[ErisDiscordia]

Anyway my point is this: please don't leave just because you feel like supporting "the wrong side" here. There are people and ideas worth supporting on all sides.

As I say, it was never about that. This place even hasn't been quite so bad as what has happened and continues to happen on Reddit but things have been done that have greatly damaged the community and more.

I would not put your opinion down either. You have been around long enough that you surely have a good feel for what works and what doesn't. Just because someone has a speciality in cryptography or coding doesn't mean they're right about everything (in fact, often the opposite). If that still puts you in the small block camp, fair enough but don't be afraid to think for yourself.

You're right, the people with the deepest insight into coding and cryptography often end up having the least amount of knowledge about the implications of Bitcoin for the economy & society. That's the kind of beast Bitcoin is - it is extremely difficult to grasp and comprehend it in its entirety.

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

The biggest victim of all this has been the ability of the community to hold a civilized debate focusing on arguments instead of ad hominem attacks. But that's the kind of times we're living in right now...

I guess I should be happy, being a discordian and all, but this sort of discord just feels wrong. It takes itself too seriously. And only angels fly, because they take themselves lightly, while those of us who are full of shit cling to the ground of seriousness. 

[realr0ach]

And only angels fly, because they take themselves lightly

So you agree that women are large children.

[HairyMaclairy]

There are too many people talking their book while their Bcash is locked up in Coinbase. This will change come 1 Jan.

[Richy_T]

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

[BTCMILLIONAIRE]

Oh my god, Bitcoin crashed to 17k overnight. $6k down!! Bitcoin is dead!

[Rosewater Foundation]

There are too many people talking their book while their Bcash is locked up in Coinbase. This will change come 1 Jan.

I noticed, I hope so.

[HairyMaclairy]

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

It means I am thankful we don’t have Bitcoin kitties.

[TERA2]

When you open chrome from 2 weeks ago and theres still a tab that says 10K, or 4K...

[JayJuanGee]

What could a potential correction bring us to?  I think most of us agree that we're due for one but for those of us that have been here long enough, bitcoin "crashing to 10k" would sound like a pipe dream a couple years ago.

Even a month ago actually XD

I'm sure people here would appreciate chartbuddy - and even the political stubborness of its director...    

[Rosewater Foundation]

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

It means I am thankful we don’t have Bitcoin kitties.

It means you can send value unfettered across the most secure, censorship-resistant, global ledger for less than the cost of a dinner for one. I can't believe this is still an argument. Why aren't these people using DOGE for their cheap fix?

[Rosewater Foundation]

The fee market works. This is good, no?

[exponential]

You guys were right about no Ferrari, I have decided to just cash out a smaller amount and buy something a little more reasonable.  In the end, I'm still in Bitcoin but I also get to have something to enjoy and show for it.  This has been keeping me up for days and making me feel sick.  What a fucking load off.  Now to get a vanity license plate about bitcoin    It was nice to see chartbuddy again today.  So nostalgic. 

[ErisDiscordia]

And only angels fly, because they take themselves lightly

So you agree that women are large children.

Once upon a time your antisemitism and misogyny were at least logically consistent. Nowadays you are just ranting and raving in an increasingly incoherent way. You should consider refraining from posting until Bitcoin crashes and you feel somewhat more validated in your deluded worldviews.

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

That is a hefty fee for a transaction in general but then again it depends on what sort of a transaction it is. I hope and am quite confident that we will eventually develop feasible ways to have cheap and small transactions in crypto, be it on-chain, off-chain or on another blockchain. I am no dogmatic Bitcoin maximalist.

[HairyMaclairy]

You guys were right about no Ferrari, I have decided to just cash out a smaller amount and buy something a little more reasonable.  In the end, I'm still in Bitcoin but I also get to have something to enjoy and show for it.  This has been keeping me up for days and making me feel sick.  What a fucking load off.  Now to get a vanity license plate about bitcoin    It was nice to see chartbuddy again today.  So nostalgic. 

You can still have your Ferrari.  Just not today.

[JayJuanGee]

At the beginning of 2017, I was guessing that we'd end the year somewhere between $1600-1800/btc.

Only missed it by a factor of 10.  

Of course in hindsight, all the bullshit, shake outs, fake outs, upgrade blockades, flippenings, etc. now all make perfect sense.

They knew that far in advance.

Oh get the fuck out of here Torque - with your hindsight fatalism nonsense...


If I did not like you so much, I would do this  to you, but instead I am going to do this ..    and this