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

[gentlemand]

https://www.cnbc.com/2017/12/12/novogratz-says-he-would-sell-litecoin-after-its-massive-surge.html

Cool interview.

[Gab0]

What if the decimal place was moved in bitcoin to give a 1:1000 split? If collectively everyone used the term bitcoin for the unit of value we currently call a millibit or mBTC making the total eventual supply 21 billion instead of 21 million, the price currently would be ~$16.70.

It seems to me that the problem of switching to a smaller unit at the moment is that the fees would be more expensive than the same unit of account. 

[Torque]

same here, GF's dad, good guy, got taken to the cleaners in the .com bubble and is hot to recoup

told him the same thing, wait for a good dip on BTC, same reaction, "but what's the next big thing?"  

He is a really sweet dude, has enough imagination to enjoy our good fortune vicariously, called the other day to congratulate us on a certain milestone 

These people just don't get it. Bitcoin is not a thing to make fiat money from. It's what you trade your worthless fiat for. Because it is simply better money. And the Bitcoin network IS the killer app.

IT. IS. THE. NEXT. BIG. THING.

[Rosewater Foundation]

https://www.cnbc.com/2017/12/12/novogratz-says-he-would-sell-litecoin-after-its-massive-surge.html

Cool interview.

OMG. This is surreal. I had no idea.

[lightfoot]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

Genius

That's pretty much why I take LTC for payment. Still weird to see it happening.

[fabiorem]

I'm pretty sure Jeff's OD'ed on the red pills. He's been shilling for gold the last few weeks encouraging us to use BTC profits and now this. https://steemit.com/bitcoin/@dollarvigilante/the-globalist-plan-to-blame-bitcoin-for-biblical-level-collapse-in-2018
And I like contemplating conspiracy but this might be over the top even for me (and torque?) 

https://www.quora.com/Which-hedge-funds-are-trading-Bitcoin

[Torque]

I'm pretty sure Jeff's OD'ed on the red pills. He's been shilling for gold the last few weeks encouraging us to use BTC profits and now this. https://steemit.com/bitcoin/@dollarvigilante/the-globalist-plan-to-blame-bitcoin-for-biblical-level-collapse-in-2018
And I like contemplating conspiracy but this might be over the top even for me (and torque?)  

Last year I occasionally tuned into a couple of Jeff's Berwick's videos and podcasts. He's pro-Bitcoin and hates the establishment. Like most people, I genuinely liked Jeff's personality and thought he seemed like a nice, honest and straight up guy.

That was until I watched these videos.

https://www.youtube.com/watch?v=_pXlHrQ6GNM

https://www.youtube.com/watch?v=v4DW5QOrppU

From what can be seen on those vids, that guy Jeff is a drunk, druggie, liar, and straight up scammer. A con man. He hides it well.

[lightfoot]

Had a very interesting discussion with a friend who is a financial advisor. I ordered him to buy some bitcoin end of last year and he did and he took me out to dinner as a very small thanks.

Very interesting discussion on the concept of money, digital immigrants, the concept of nation states, and such. Fascinating. But the basic thought that a global currency that can't be manipulated by banks or nations is one that when certain people in the club wake up and think about it are not going to like it much.

Then again it could be like the euro. I'm still thinking about this one, will be for the next few weeks.

Hm.

[bitserve]

What if the decimal place was moved in bitcoin to give a 1:1000 split? If collectively everyone used the term bitcoin for the unit of value we currently call a millibit or mBTC making the total eventual supply 21 billion instead of 21 million, the price currently would be ~$16.70.

It seems to me that the problem of switching to a smaller unit at the moment is that the fees would be more expensive than the same unit of account. 

And more importantly it would be a mess coordinating the change in all the exchanges and... now that Bitcoin it is so mainstream how to explain the MSM that Bitcoin has gone from $17000 to $17?

A mess.... even an almost unknown coin such as Byteball, which would greatly benefit of that change, would have difficulties doing it. Bitcoin? Forget it.

We can keep doing forks as some sort of stock split though

[gentlemand]

And more importantly it would be a mess coordinating the change in all the exchanges and... now that Bitcoin it is so mainstream how to explain the MSM that Bitcoin has gone from $17000 to $17?

A mess.... even an almost unknown coin such as Byteball, which would greatly benefit of that change, would have difficulties doing it. Bitcoin? Forget it.

We can keep doing forks as some sort of stock split though

It's staggeringly too late now. It should've happened in 2009 after a bit of thinking about where it might head once it was up and actually running and about thirty people needed persuading.

[bitserve]

Had a very interesting discussion with a friend who is a financial advisor. I ordered him to buy some bitcoin end of last year and he did and he took me out to dinner as a very small thanks.

Very interesting discussion on the concept of money, digital immigrants, the concept of nation states, and such. Fascinating. But the basic thought that a global currency that can't be manipulated by banks or nations is one that when certain people in the club wake up and think about it are not going to like it much.

Then again it could be like the euro. I'm still thinking about this one, will be for the next few weeks.

Hm.

The problem, IMHO, is that in order to maintain stability, growth and social order states NEED to control and somewhat manipulate economy. And they can do that by controlling currency or via taxes. For some reason, population doesn't like taxes so it is easier to manipulate currency which most people doesn't notice.

In world with a really decentralized currency (if that is ever possible) expect CRAZY changes in taxation.

[Rosewater Foundation]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

[jojo69]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

as it always has been

it is the natural order of things

[xhomerx10]

Pullback. I blame futures.

Just wait till those altcoins start pulling back and all this money flows back into BTCitcoin 

We're up 200% in a month while still climbing. Give the badger some rest, let the alts have their fun and in a while big mr b will wake up again.

 Actually,  there was a dip in that month...  So while it's up over the last 30 days,  we're covering some old ground and percentages are deceiving.

[explorer]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

Either you meant page count parity, or I slept far longer than I thought...

[Rosewater Foundation]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

Either you meant page count parity, or I slept far longer than I thought...

What a future that would be.

[explorer]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

Either you meant page count parity, or I slept far longer than I thought...

What a future that would be.

Lambos!  Lambos for all!

[jojo69]

The secret is to be frugal in one's extravagance.

looks at newegg cart

god DAMMIT Jimbo...sigh

[Torque]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

*peeks outside WO thread at other spec threads, shudders*

Sometimes it feels like this WO thread is an island of tropical paradise and truth, floating in a cesspool sea of shit.  

[jojo69]

Futures price just under Wall Observer post count parity. Coincidence? Or are we really the center of the Bitcoin universe?

*peeks outside WO thread at other spec threads, shudders*

Sometimes it feels like this WO thread is an island of tropical paradise and truth, floating in a cesspool sea of shit.  

Oh FFS Torque, don't go out there!

Last time I went out there I ended up penning an expletive laden rant about Google translate signature campaign posts...totally humiliating in retrospect...don't soil yourself so.