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

[JayJuanGee]

A bleed is pending and I think it'd come soon. We've had enough pumps, and all that should now get settled with bitcoin going less than $13,000 once again. Alts have bled enough, now their time should come to rule for some time. Look at ETH/BTC, no one expected that price again of ETH/ETC against BTC. A big correction is required now, else even many countries would start taking bitcoin suspicious.

U sound nutso, or perhaps desperate.

Sure you might possibly be correct that we are going to experience a correction, but your phrasing that a correction "is required" seems to be out of touch with the nature of markets and bitcoin.

Furthermore, you hopeful lauding of ETH in terms of "no one expected" is a bunch of bullshit too.

Ethereum is no fucking equivalent to bitcoin, and sure there has been decent pumping coming from the snot nosed 14 year olds, but that shit had been pumped quite a bit beyond any true value that it had, so attempting to assert that .1BTC per ETH or anything close to that is normal, seems a stretch, and surely anything above .01BTC per ETH is seeming a bit inflated, too.   So perhaps cashing out of ETH might be prudent rather than pumping (and pimping) it in this BTC thread.

[bones261]

A bleed is pending and I think it'd come soon. We've had enough pumps, and all that should now get settled with bitcoin going less than $13,000 once again. Alts have bled enough, now their time should come to rule for some time. Look at ETH/BTC, no one expected that price again of ETH/ETC against BTC. A big correction is required now, else even many countries would start taking bitcoin suspicious.

U sound nutso, or perhaps desperate.

Sure you might possibly be correct that we are going to experience a correction, but your phrasing that a correction "is required" seems to be out of touch with the nature of markets and bitcoin.

Furthermore, you hopeful lauding of ETH in terms of "no one expected" is a bunch of bullshit too.

Ethereum is no fucking equivalent to bitcoin, and sure there has been decent pumping coming from the snot nosed 14 year olds, but that shit had been pumped quite a bit beyond any true value that it had, so attempting to assert that .1BTC per ETH or anything close to that is normal, seems a stretch, and surely anything above .01BTC per ETH is seeming a bit inflated, too.   So perhaps cashing out of ETH might be prudent rather than pumping (and pimping) it in this BTC thread.

Oh please, ETH has great value. You can breed Cryptokitties with it. Plus it's a great ICO token generator.  
Here is a link to my ETH address to show you that I am indeed a huge (m)ETHhead. 
https://etherscan.io/address/0x6a422441d27e1d9687e410cd7f856479d3059676

[Icygreen]

Haha, Roger says it costs $50 to send a $20 transaction. More lies and deception.

[d_eddie]

Haha, Roger says it costs $50 to send a $20 transaction. More lies and deception.

I would have loved the interviewer to call BCH "Bcash" just to hear Ver going berserk on the chick 

[explorer]

Haha, Roger says it costs $50 to send a $20 transaction. More lies and deception.

I would have loved the interviewer to call BCH "Bcash" just to hear Ver going berserk on the chick 

Haha I was waiting to see his middle finger come up the whole time    That is, until about a minute in, where I lost interest and wandered off in persuit of a moth...

[bitserve]

He only bought 25000 BTC? Or is it just his first purchase?

What really upsets me is not that he shills Bcash over Bitcoin, he has every right to do it.... but blatantly lying with things like "hundreds of dollars fees" or delays even for weeks?

Yes, and it appears his friend, Jihan Wu is sticking it to the people using their Hashnest cloud mining. They set a really lowball fee for BTC withdrawals, so it is taking days for people's withdrawals to finally get confirmed. It appears Bitmain's response to a support ticket is that their transaction fee is fixed at 20,000 sats.

https://bitcointalk.org/index.php?topic=766448.5104

Also, look what "signal" Bitcoin.com pool(operated by Ver) is putting out, lately, to the blocks they mine for BTC.
    

/pool.bitcoin.com/Use/Bitcoin/Cash/

Shame...

This shit only made some sense if Ver didn't have a significant amount of BTC anymore. WHat if he doesn't? Now it seems he only bought 25000BTC... maybe he was selling many on the rise up... also converted a lot to other currencies he has been blatantly shilling for (dash, eth, ...). Being a Kitinian Nevisian (or whatever that tax paradise is named) maybe, having to pay almost no taxes, he also sold a lot and converted to fiat and other traditional investments....

Who knows.... maybe he isn't even a Bitcoin whale anymore?

No, really, there are people on this thread that once had much more than 25000BTC and now they don't anymore. Why are we always assuming he still have more than 100K BTC when we aren't even sure he ever had that amount?

[Gab0]

Yes, and it appears his friend, Jihan Wu is sticking it to the people using their Hashnest cloud mining. They set a really lowball fee for BTC withdrawals, so it is taking days for people's withdrawals to finally get confirmed. It appears Bitmain's response to a support ticket is that their transaction fee is fixed at 20,000 sats.

Or maybe the problem is that the network is about to collapse. There is tx with 20 dollars in fees that took hours or even days to confirm.
In the forum there are more and more comments on the same subject. But no, here you want to hide the elephant blaming the same guys as always, repeating the same arguments. Jihan is to blame, Roger is to blame, spam attacks are to blame.

Is that nobody here is able to see it? Will they continue to act as if nothing happens, even if the transactions cost $ 50 or $ 100?

When will it be more expensive to send a transaction than to maintain a node?

[jojo69]

Yes, and it appears his friend, Jihan Wu is sticking it to the people using their Hashnest cloud mining. They set a really lowball fee for BTC withdrawals, so it is taking days for people's withdrawals to finally get confirmed. It appears Bitmain's response to a support ticket is that their transaction fee is fixed at 20,000 sats.

Or maybe the problem is that the network is about to collapse. There is tx with 20 dollars in fees that took hours or even days to confirm.
In the forum there are more and more comments on the same subject. But no, here you want to hide the elephant blaming the same guys as always, repeating the same arguments. Jihan is to blame, Roger is to blame, spam attacks are to blame.

Is that nobody here is able to see it? Will they continue to act as if nothing happens, even if the transactions cost $ 50 or $ 100?

When will it be more expensive to send a transaction than to maintain a node?

dude

nobody cares

$20?  WTAF?  $50...$100 who cares?

Will I gladly pay a $100 fee on a $100,000 transaction?

ALL

DAY

LONG!

and twice on Sundays

BTC is not for pissant transactions, get it through your head...jesus

[JayJuanGee]

The meme and word "HODL" came from a misspelling of "hold" posted in a whiskey fueled rant four years ago this month in 2013 on BitcoinTalk. Sellers were panic selling as the market crashed from $900 to $700. HODL was good advice.

https://twitter.com/brucefenton/status/940205591951179776

Actually...

https://bitcointalk.org/index.php?topic=375643.0;topicseen

I was on that night, GameKyuubi was hilarious.

I keep that thread "marked as unread" so I can go back anytime and laugh my ass off all over again.

Have never realised I was the first person to LOL at HODL 

This is how mainstream we are now.

A few days ago someone on my facebook list, non crypto, not BTCT member said we should "HODL!"     zomg

woah, just noticed that I am in the top ten of people ever that were hodling.

it was a fucking scary night. virtual wealth imploded. all we had left was to laugh. and boys, we had no clue about the following multiyear drought.

Even though I did not post in that thread because I did not register a BCT account until February 2014, I was in the beginnings of accumulating bitcoin during that period, so yeah.. quite dramatic.. to be ACCUMULATLing during that multi-year period of drought.  Actually, I never sold one bitcoin between November 2013 and October  2015 that I did not replace within a day or two.

[arklan]

moved my 0.002 from bitstamp to virwox (and then to paypal... easier way, anyone?) earlier. it got lumped in a transaction totalling 254 BTC and change. the fee was about 250 bucks. on a transaction valued in the millions, which included even my little 30 bucks.

there are ways to move money that do not cost insane amounts. bitcoin is one of them.

[HairyMaclairy]

More pressure from the SEC on ICOs:

https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

[Rosewater Foundation]

Or maybe the problem is that the network is about to collapse.

[HairyMaclairy]

Holy cow.  Litecoin up another 67%.  I remember when it was $2.

[lightfoot]

You can thank me for that: I sold 10LTC this morning for $170 or ao.

Enjoy!

[gentlemand]

Hmm. I seem to remember LTC pumping stunningly shortly after BTC then it went down by 98%. I do hope history is choosing not to repeat.

[bitserve]

Hmm. I seem to remember LTC pumping stunningly shortly after BTC then it went down by 98%. I do hope history is choosing not to repeat.

Hope so. Times have changed... or maybe not.

Satoshilite is hilarious: https://twitter.com/SatoshiLite/status/940353265585160192

Pump stopped and drop a bit after that tweet... And a while later it resumed for an additional 20% now.

[Dotto]

We have arrived.

[Makka]

You can thank me for that: I sold 10LTC this morning for $170 or ao.

Enjoy!

Lol! It is worth $240 at the moment. Are people starting to relocate to LTC before CME day starts? I am curious what happens to Bitcoin in the first few days.

[JayJuanGee]

Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

Although many have heard of Bitcoin, the last man/woman/gender-neutral is not in. Not by a long shot.

We gots ourselves about 1% of the world-wide population if we are lucky.

There could be pockets of the world that have up to 10% (such as technical circles), perhaps, but I am doubting that too.

[Gab0]

Yes, and it appears his friend, Jihan Wu is sticking it to the people using their Hashnest cloud mining. They set a really lowball fee for BTC withdrawals, so it is taking days for people's withdrawals to finally get confirmed. It appears Bitmain's response to a support ticket is that their transaction fee is fixed at 20,000 sats.

Or maybe the problem is that the network is about to collapse. There is tx with 20 dollars in fees that took hours or even days to confirm.
In the forum there are more and more comments on the same subject. But no, here you want to hide the elephant blaming the same guys as always, repeating the same arguments. Jihan is to blame, Roger is to blame, spam attacks are to blame.

Is that nobody here is able to see it? Will they continue to act as if nothing happens, even if the transactions cost $ 50 or $ 100?

When will it be more expensive to send a transaction than to maintain a node?

dude

nobody cares

$20?  WTAF?  $50...$100 who cares?

Will I gladly pay a $100 fee on a $100,000 transaction?

ALL

DAY

LONG!

and twice on Sundays

BTC is not for pissant transactions, get it through your head...jesus

I'm sorry, but I can not understand it. I do not understand the logic behind that.
I know that it is very annoying to quote Satoshi, but his original idea was that anyone could make a transansation with another, without the need of a third party; He even talked about small payments. I understand that his words are not absolute truths, and that he may also have made mistakes, but, that is far from wanting to convert bitcoin into a tool of a new plutocracy, in a type of money that only new oligarchs can use. That's what I have trouble understanding.
And maybe they are right, maybe it does not collapse, and we see the birth of a new economy and oligarchy, but not different from the previous ones in ethical terms.