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

[julian071]

Don't want to be talking my book here, but have you seen that the new Byteball wallet allows payments to any email-adress? I've been waiting for killer applications like that in bitcoin waaaaayyy to long.

Edit: LOL ^

It does? Or am I getting trolled?

https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

[CornCube]

And @roach is nonsensical with his tinfoil hat precious metals fetish.

The jewish controlled US is not going to force the rest of the world to use a digital only slave currency instead of metals.  You must have forgot Russia, China, Iran, and numerous other nations exist, and these nations are acquiring metals for a reason.  Claiming metals will lose is the equivalent of claiming the jewish controlled US is going to start a nuclear war and somehow win it while not being destroyed itself.  There are not enough stupid people who are rich for bitcoin to win when everyone will prefer taking metals in settlement over imaginary bitcoins in settlement for their real world wealth anyway.  Or as I've stated 5000 times before, it's completely impossible for bitcoin to defeat metals as the base of Exter's pyramid.

…

You’re going to miss out on $1 million per BTC in 2026 with your silly tinfoil hat precious metals delusion.

You're promoting a cuckold movement:

[…]

I told you upthread that fungible monetary systems are the property of Satan. You’re wasting your time idolizing shiny pieces of metal thinking that is a solution to anything.

We’re moving into a knowledge age. I will not repeat all the upthread explanations and links. Readers can scroll back.

Unless you're trying to channel Coincube over here, it's kind of ludicrous you claim to know what god is.

Satan can be characterized as the collective failure of humans, e.g. as it says in the Bible that 666 is the number of a man.

The images of Satan as some devilish creature can be construed to be an attempt to visualize this collective failure. It doesn’t necessarily mean that Satan is that creature.

We should also define failure in this context. Failure is an integral facet of the inexorable universal trend towards maximum entropy. Fungible systems tend towards top-down, economies-of-scale, thus must eventually be destroyed by creative destruction in order for maximum entropy to progress. Yet they are expedient and necessary along the way. They for example harbor stability for a while.

[BTCMILLIONAIRE]

Don't want to be talking my book here, but have you seen that the new Byteball wallet allows payments to any email-adress? I've been waiting for killer applications like that in bitcoin waaaaayyy to long.

Edit: LOL ^

It does? Or am I getting trolled?

https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

Very nice, thanks.

Can we expect this on Bitcoin at any point?

[HairyMaclairy]

Don't want to be talking my book here, but have you seen that the new Byteball wallet allows payments to any email-adress? I've been waiting for killer applications like that in bitcoin waaaaayyy to long.

Edit: LOL ^

It does? Or am I getting trolled?

https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

Looks like the same functionality as a Reddit tip bot. 

[AlexGR]

http://www.zerohedge.com/news/2017-12-08/bulgaria-government-shocked-discover-it-owns-3-billion-bitcoin

Ain't seen any mention of this. The Bulgarian authorities seized 213,000 bitcoins from some pesky criminals. I wonder how and where and over how long they gathered so many coins.

No doubt some pencil necks will insist they will dump all on Yobit.

What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.

That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.

In such cases of confiscating bitcoins, the effect on the market is actually the opposite of what is described or implied (dumping): More btc removed from circulation as no-one has access to it (not the criminals who know the password but don't have the wallet, nor the government who has the wallet but doesn't know the password).

[BTCMILLIONAIRE]

http://www.zerohedge.com/news/2017-12-08/bulgaria-government-shocked-discover-it-owns-3-billion-bitcoin

Ain't seen any mention of this. The Bulgarian authorities seized 213,000 bitcoins from some pesky criminals. I wonder how and where and over how long they gathered so many coins.

No doubt some pencil necks will insist they will dump all on Yobit.

What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.

That's why I'm assuming that most authorities "confiscations" do not necessarily translate to getting access to those coins.

How many years do you think it'll take before the circulating supply reduces to less than 1m BTC?

[gentlemand]

What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.

That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.

It's Bulgaria. You probably get locked in a room with sweaty, bristly cops and then this happens - http://www.youtube.com/watch?v=QH_6TIr-sO8&t=0m53s

[blackknight_]

You guys think it's going to crash tomorrow and fall for a week and then rise?

[julian071]

Don't want to be talking my book here, but have you seen that the new Byteball wallet allows payments to any email-adress? I've been waiting for killer applications like that in bitcoin waaaaayyy to long.

Edit: LOL ^

It does? Or am I getting trolled?

https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

Very nice, thanks.

Can we expect this on Bitcoin at any point?

YW. I certainly hope so. Must be something for LN though as fees are too high right now.

[BTCMILLIONAIRE]

Don't want to be talking my book here, but have you seen that the new Byteball wallet allows payments to any email-adress? I've been waiting for killer applications like that in bitcoin waaaaayyy to long.

Edit: LOL ^

It does? Or am I getting trolled?

https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

Very nice, thanks.

Can we expect this on Bitcoin at any point?

YW. I certainly hope so. Must be something for LN though as fees are too high right now.

I'm not even worried about the fees. There's too much money involved for Bitcoin to disappear over fees.

[fabiorem]

What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.

That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.

But dont they interrogate the guys who are arrested?

[julian071]

What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.

That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.

But dont they interrogate the guys who are arrested?

[AlexGR]

What I find odd in all these confiscation stories is the password protection of confiscated bitcoins. I mean ok, the authorities might have access to a wallet.dat which says it has XXXX bitcoins in it, but from there to actually accessing the funds is quite some distance away - assuming there is a wallet key protecting the funds.

That's why I'm assuming that most authorities' "confiscations" do not necessarily translate to getting access to those coins.

But dont they interrogate the guys who are arrested?

And they have to give the password? Why?

[BTCMILLIONAIRE]

And they have to give the password? Why?

[infofront]

When the hell did BitMEX become the highest volume exchange?
https://coinmarketcap.com/currencies/bitcoin/#markets

Perhaps this indicates action (shorting it seems) by American institutional investors.

[gentlemand]

When the hell did BitMEX become the highest volume exchange?
https://coinmarketcap.com/currencies/bitcoin/#markets

Perhaps this indicates action (shorting it seems) by American institutional investors.

It's not technically a Bitcoin exchange.

[BTCMILLIONAIRE]

When the hell did BitMEX become the highest volume exchange?
https://coinmarketcap.com/currencies/bitcoin/#markets

Perhaps this indicates action (shorting it seems) by American institutional investors.

It's not technically a Bitcoin exchange.

Why would derivatives be listed in Bitcoin's CMC?

[AlexGR]

And they have to give the password? Why?

Yeah, ok but this is thug-style interrogation, not EU-like interrogation. I'm sure Bulgarians maybe more harsh, than say, French or Swedish interrogators, but still don't expect any violence

[gentlemand]

Why would derivatives be listed in Bitcoin's CMC?

I don't know. I feel weird tonight.

[JayJuanGee]

So with cboe futures on Sunday, I'm thinking coiled spring ready to blow. Not sure of direction, though I'm betting on up... Either way it's going to be insane.

Agree or no?

It could be buy the rumor, sell the news... but in the longer term it is certainly bullish... because there is almost no way that these traditional financial fucks have prepared themselves enough BTC to really engage with this new instrument.

But don't you think it's the traditional financial fucks as you call them -- are the ones that largely have driven the price from 8k to 16k, in an effort to have a supply on side to hedge against the Big Short that will come?

Don't you think their plan was to accumulate as much as they could before futures go live?

If it was a coiled spring ready to burst upwards, wouldn't they be sitting on their cash right now and our price would be $8,500?

I hate to say it but I'm betting on downward pressure first.  Maybe not right away but I think it hits $12k before it hits $20k

Rather than giving an accurate assessment, you sound like you are unduly sympathetic to the plights of traditional financial fucks.

You also seem to give traditional financial fucks much more credit than they likely deserve in the supposed bitcoin "preparedness" arena.

Furthermore, $12k is hardly any kind of correction, given our past performance and given the current dynamics, so get real.  

Of course we could easily correct to $12k and even to $10k and it is within reasonable BTC price movements, especially when we have our current level of trade volume and seemingly ongoing passion, yet the current BTC price pressures remain UPPITY.. whether that is coming from traditional financial fucks or more broader-based.. and really I doubt that traditional financial fucks are driving this mad BTC price machine as much as you seem to be anticipating... good luck with your downward bets.