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

[jbreher]

Litecoin isn't a fork. .

Careful. The term 'fork' is an overloaded one in the cryptocurrency space. While Litecoin is not a chain fork from Bitcoin, it is a code fork from Bitcoin.

Just keeping it real. Carry on.

[Heater]

We now get a Bitcoin price & chart on the 7PM news every night. Tonight we got this as well:

Haha look at his face 

Get on board Populous - whatever that is.

In other news, surprise surprise - Bitcoin about to EXPLODE in the next few minutes.

[JimboToronto]

The wealth I eventually acquired from Bitcoin was .......[fill in the blank_________].

Recently, I have been kind of talking like this too, and i think it has been about since $1,000 that I started to fill wealthy and everything after that has been kind of a cushion and icing on the cake.

Before $1k, I remained a bit nervous, even though I felt that I had a good investment, but I felt some insecurity with my cushion, and that I needed to keep prepared for any just in case price drop.

Now at $16k plus, we have like a $16k cushion that can cause use to increasingly refer to our "eventually acquired wealth" as a kind of preparation meets opportunity kind of luck... Yeah, sure there is luck, but we had to prepare for our luck and we also had to identify and seize upon some of the opportunities that were presented to us.

Now, I think that people with 50 or more coins can consider themselves wealthy because if you can mostly hang onto those coins, they are very likely to continue to appreciate and continue to contribute to your wealth.  

I am also getting the feeling that people of 20 or more coins are going to soon fall into such a wealth predisposition category, too.

My faith conviction in the long-term potential of Bitcoin never faltered, even during the darkest days.

The worst was during the spring and summer of 2013 because it was my first deep crash. I missed the great bubble of 2011 but had learned the history and knew it would rise again. The only coins I sold were during the "dead" (LOL) cat bounce when my $155 ask was filled. I immediately placed a $97 bid which was soon filled. After that the 2014-5 downturn was small potatoes.

I haven't sold any coins since except for $150 worth a couple of years ago when I needed pocket cash to buy beers at the ballpark, and then the$6000 worth I sold last week because of a cash emergency and having to honor a commitment. What a mistake. After selling, of course the price skyrocketed. If I'd been able to wait 2 days, I would have gotten $10k instead of $6k.

Now it bugs me that the 50 coins I lost at MtGox are worth over $1mCAD but it helps keep me on an even keel. I still don't think of myself as "rich" despite being a Bitcoin multimillionaire. Maybe after a couple of doublings.

Indeed, anyone with 2 digits of coins can start thinking of themselves as wealthy and those with 3 digits can look forward to being truly rich some day. Those with 4 digits can look toward being very rich and those with 5 or 6 digits (e.g. the Winklevoss twins) will be the new wealthy elites.

Satoshi? Who could possibly deserve it more to be the new Rothschilds?

[jbreher]

Meanwhile, cost on Bitcoin Cash? Less than two pennies. Plus its being discussed on national financial news. Litecoin? Not so much.

[https://i.imgur.com/oKoNJc3.png[/img]

I question whether I should quote the diagram for your little Bcash pump scheme... I fixed the spelling for you above.

Quote. Do not quote. I care not.

Incidentally, you are confused. Bcash has not yet launched.

You are engaging in Bcash pumping in a bitcoin thread...

orly? What was it that I was replying to? Perhaps Litecoin pumping? Let us set the wayback machine and check:

Food for thought: you are going to see vendors start switching from taking bitcoin to litecoin.

The average fee today for a bitcoin transaction was $21. For litecoin 27 cents. Vendors are getting stuck bitcoin transactions and are no longer willing to deal with it.

You think that is a relevant topic?

Absolutely.

Of course, you don't really believe in bcash

Now you are starting in again with your sanctimonious holier-than-thou delusions-of-omniscience statements about what I believe. Fuckin idiot - you have no idea why I do what I do. So just stop.

because otherwise you would sell all of your bitcoin and invest in bcash

Oh but I have. I hold much more Bitcoin Cash than Bitcoin Segwit. But that is really irrelevant. Do you hold any stocks? Bonds? T-Bills? Dollars? If you are so sure that Bitcoin Segwit is the be-all and end-all, why do you own anything but? Not that I find this a valid line of reasoning; I am just turning your words around on you.

and participate in the bcash discussions

I regularly participate in Bitcoin Cash discussions. What makes you think that I do not?

and promote your stupid-ass little sabotage coin

'sabotage coin'? Dipping deep into your bag of epithets, eh? Nothing could be further from the truth. When Bitcoin Segwit falls flat on its face, this 'sabotage coin', as you so glibly put it, will be what saves the crypto community from its self-induced darwination.

..... but instead, you won't sell your bitcoin

You are nothing but a pissant, you know that?

and you just want to complain about bitcoin,

No. I want to alert about the weaknesses of Bitcoin Segwit.

spam the bitcoin network,

I have never spammed the Bitcoin network - whatever the hell that means.

and then make up shit that your little sabotage coin is better

Along some axes -- i.e., the price and throughput of transaction capability as measured today -- it is objectively better. Your favored Litecoin, while providing lower price and higher throughput transaction capability than Bitcoin Segwit, is orders of magnitude from that of Bitcoin Cash.

or to try to suggest that it is the real bitcoin

When the accumulated proof of work of Bitcoin Cash exceeds that of Bitcoin Segwit, it will indeed become the real bitcoin. Your favored Litecoin, OTOH, does not trace back to the genesis block, which is but one reason it can never become the real Bitcoin.

and that is why you refuse to call it by its less ambiguous name.

How could referring to it by its recognized name be more ambiguous that your referring to it by the exact name of another coin altogether? Logic much?

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

Now you are pumping Litecoin? In a Bitcoin WO thread? Tell me it ain't so!

[JimboToronto]

I think we can assume they still don’t have all their coins. They would’ve spent a lot of on legal fees.

They didn't have to. They got over $60m in their Zuckerberg settlement and spent less than a third of it on Bitcoin.

They've clearly stated on several occasions that they haven't sold any appreciable amount. In fact in this interview they said they spent bitcoins twice, once to get Cameron some leggo, and once for seats on Richard Branson's spaceship. They said they regretted the latter because of how much the price has multiplied since.

They were already rich.... "the rich get richer and the poor get poorer"...

Actually, that's the great thing about Bitcoin, even some of us poor folk get richer.  

[AlcoHoDL]

My faith conviction in the long-term potential of Bitcoin never faltered, even during the darkest days.

The worst was during the spring and summer of 2013 because it was my first deep crash. I missed the great bubble of 2011 but had learned the history and knew it would rise again. The only coins I sold were during the "dead" (LOL) cat bounce when my $155 ask was filled. I immediately placed a $97 bid which was soon filled. After that the 2014-5 downturn was small potatoes.

I haven't sold any coins since except for $150 worth a couple of years ago when I needed pocket cash to buy beers at the ballpark, and then the$6000 worth I sold last week because of a cash emergency and having to honor a commitment. What a mistake. After selling, of course the price skyrocketed. If I'd been able to wait 2 days, I would have gotten $10k instead of $6k.

Now it bugs me that the 50 coins I lost at MtGox are worth over $1mCAD but it helps keep me on an even keel. I still don't think of myself as "rich" despite being a Bitcoin multimillionaire. Maybe after a couple of doublings.

Indeed, anyone with 2 digits of coins can start thinking of themselves as wealthy and those with 3 digits can look forward to being truly rich some day. Those with 4 digits can look toward being very rich and those with 5 or 6 digits (e.g. the Winklevoss twins) will be the new wealthy elites.

Satoshi? Who could possibly deserve it more to be the new Rothschilds?

All very true, and thanks for posting it Jimbo.

I, too, almost never sold any coins, and in the few cases that I did, I have regretted it, seeing the price skyrocket since then. Our coins are precious little mathematical gems that should be treasured, and only used when necessary, or when the time comes to enjoy them.

I keep reading about how precious metals are so much better than cryptocurrencies, and it saddens me to see so much anachronism and old-time mentality here in this thread (I wonder why those posts are posted here...). We have been trained to assign value only to material things that we can see and touch. The idea of something non-material possessing value is very difficult for many to grasp. Instead of embracing and supporting it, we dismiss it, much like Albert Einstein's Theory of Relativity was dismissed by the Newtonian scientific establishment of the time. But the truth always prevails, and so did Einstein's theory, and the new ones that will come after it, despite all those who object them.

What Satoshi Nakamoto started with his remarkable invention will be included in the history books of the future, and all those who object and dismiss it will be the new Newtonians that are left behind.

[AlexGR]

I keep reading about how precious metals are so much better than cryptocurrencies, and it saddens me to see so much anachronism and old-time mentality here in this thread (I wonder why those posts are posted here...).

They are the best form of money, but that would only be useful if governments recognized gold and silver as money - as they used to. However governments use fiat, and both PMs and crypto are better than fiat.

When fiat becomes 100% digital, with the banning of cash, at that point the entry/exit point from PMs will become problematic (not for institutional investors, but for the average joe - who won't be able to buy or sell even 1 ounce without big brother knowing it, taxing it, or preventing it). Cryptocurrencies will thus be complementary to PMs when fiat goes 100% digital. It'll be like this:

Metals <=> Cryptos <=> fiat

[svdleer]

I hate the 17000 $ wall

[Last of the V8s]

I hate the 17000 $ wall

more of a broken-down old fence than a wall

[svdleer]

I hate the 17000 $ wall

more of a broken-down old fence than a wall

so true

[fabiorem]

I hate the 17000 $ wall

We need to siege it.

[DaRude]

because otherwise you would sell all of your bitcoin and invest in bcash

Oh but I have. I hold much more Bitcoin Cash than Bitcoin Segwit. But that is really irrelevant. Do you hold any stocks? Bonds? T-Bills? Dollars? If you are so sure that Bitcoin Segwit is the be-all and end-all, why do you own anything but? Not that I find this a valid line of reasoning; I am just turning your words around on you.

and participate in the bcash discussions

I regularly participate in Bitcoin Cash discussions. What makes you think that I do not?
...

and you just want to complain about bitcoin,

No. I want to alert about the weaknesses of Bitcoin Segwit.
...

No, but see, it's very relevant, and this is exact point that you seem to miss or err pretend to not realize. So let me try to spell it out for n00bs that might be getting confused by all of this Bcash shilling, if JJG held minority of his assets in stocks/bonds/t-bills, yet spent MAJORITY of his time on those boards saying how they're all idiots and it will collapse, that would be, now say it with me, yes, trolling, and no, by saying that he's just trying to alert those stock/bond brokers of the weakness of their system wouldn't make it any less trolling. Now shoo under the bridge you go

[bitserve]

CBOE CEO: ‘let’s do this every Sunday! This is a ton of fun.'

https://www.reuters.com/article/us-bitcoin-futures-cboe-interview/more-to-come-after-bitcoin-futures-launch-cboe-ceo-idUSKBN1E52JP

[fluidjax]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

[DaRude]

I keep reading about how precious metals are so much better than cryptocurrencies, and it saddens me to see so much anachronism and old-time mentality here in this thread (I wonder why those posts are posted here...).

They are the best form of money, but that would only be useful if governments recognized gold and silver as money - as they used to. However governments use fiat, and both PMs and crypto are better than fiat.

When fiat becomes 100% digital, with the banning of cash, at that point the entry/exit point from PMs will become problematic (not for institutional investors, but for the average joe - who won't be able to buy or sell even 1 ounce without big brother knowing it, taxing it, or preventing it). Cryptocurrencies will thus be complementary to PMs when fiat goes 100% digital. It'll be like this:

Metals <=> Cryptos <=> fiat

Why would i spend my crypto on those elements then? What's the confirmation time to transport it? What about security, how would i generate a seed from this pile of Au?

[orpington]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

Sure hope they pull Bcash off life support in January. Its such an embarrassment.

[jonoiv]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

Sure hope they pull Bcash off life support in January. Its such an embarrassment.

secretly buys bcash 

[HairyMaclairy]

CBOE CEO: ‘let’s do this every Sunday! This is a ton of fun.'

https://www.reuters.com/article/us-bitcoin-futures-cboe-interview/more-to-come-after-bitcoin-futures-launch-cboe-ceo-idUSKBN1E52JP

On the heels of the launch, three fund managers, REX Shares LLC, Van Eck Associates Corp and First Trust Advisors LP, went back to the U.S. Securities and Exchange Commission seeking permission to launch bitcoin exchange-traded funds.

Yeah Im supportive of ETFS. 

[orpington]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

Sure hope they pull Bcash off life support in January. Its such an embarrassment.

secretly buys bcash  

except that only a fucking idiot would actually buy bcash.

So speak for yourself, right?

[savetherainforest]

A little history ...

But adoption is even stronger and more advertised now. Plus the big players (the banks) are getting involved, and also probably governments.