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

[Rosewater Foundation]

This ETH pump has to run out of steam eventually...right?

Take your mind off it with some comedy gold.
https://bitcointalk.org/index.php?topic=131574.msg1409408#msg1409408

[jojo69]

https://bitcointalk.org/index.php?topic=131574.msg1409408#msg1409408

 

but....Bitcoin Jesus...how could you?

[Elwar]

This ETH pump has to run out of steam eventually...right?

Here's what I see happening with these ICOs. The SEC will start hitting a lot of them hard.

Recent statements have basically said that the SEC sees ICOs as securities if it fits the criteria of a security, which most of them do (you merely need to mention that the tokens purchased will go up in value and they will consider it a security). They already hit one company that had to give back all of the money they raised.

Almost every ICO incentivizes people to promote their token in compensation for tokens which is also illegal, they will start going after those people.

If the company is not a US based company they can only sell to accredited investors. If they are in the US they have to register with the SEC and can only raise $50 million per year under Regulation A. Otherwise you can't have any US investors.

ICOs are ETH's "killer app". It will go down in flames.

Plus Rootstock released their smart contracts on the Bitcoin blockchain and are testing on the mainnet. No more need for ETHs for smart contracts, especially if you want your smart contract to have the ability to exchange directly for bitcoins.

If Tezos survives the SEC they will have a better version of smart contracts coming out in early 2018.

[Elwar]

This ETH pump has to run out of steam eventually...right?

Take your mind off it with some comedy gold.
https://bitcointalk.org/index.php?topic=131574.msg1409408#msg1409408

I think this is Ver's motivation all along for bcash.

If you look into the code closely you can see:


#finally I have my revenge! ahhahahaha!!!
10 goto transaction id: 5jsdf8sdu0a8ew0asd8fasduf0s8dfasvhjdhfaoisdufa98;
20 reverse transaction;
30 print "here are your 4.53231 bitcoins you were scammed out of Roger";

yes, bcash is now written in Basic...

[HairyMaclairy]

I like how Bcash is on a pump and there is a 1,500 BTC wall on Gdax - which is safely out of reach of buyers.  

Whale game on.  I can smell panic sales of Bitcoin this weekend.

[Elwar]

I like how Bcash is on a pump and there is a 1,500 BTC wall on Gdax - which is safely out of reach of buyers.  

Whale game on.  I can smell panic sales of Bitcoin this weekend. 

I hope I can get more at the rate of .21 like last time...

time to pull out another 21 bcash

[HairyMaclairy]

Also mem pool filling up.   Looks like we have a rip snorter.

[svdleer]

Wow...1220 BTC Sell wall at 17250 @ GDAX

[fluidjax]

Jeez... look at this shit
22 upcoming forks.

http://pieifo.com/pages/endefault.html

I need to safely stream-line my split & dump process.

[flynn]

Jeez... look at this shit
22 upcoming forks.

http://pieifo.com/pages/endefault.html

I need to safely stream-line my split & dump process.

It's turning out to be a full-time job to take care of these

[jbreher]

Haha. The world works in funny ways.

I'm sitting in the lounge at SJC - I was working in Silicon Valley so far this week. AAR, when I checked into my hotel the other night, I noticed a newspaper I'd not seen before available amongst the piles of drek such as USA Today. Epoch Times. Intrigued, I grabbed a copy.

This morning, I finally started reading it. There was a great article on the ramifications of Bitcoin that took an entire page in the paper. Once I read it, I thought I oughta share it here. There is an abbreviated version available on the web: https://www.theepochtimes.com/is-bitcoin-just-a-brilliant-wealth-redistribution-scheme-3_2377636.html
authored by Valentin Schmid.

Now in the lounge, martini in hand, waiting for time to board, I am catching up on deferred communications. Running through my browser tabs, I run across this item linked the other day by someone here on BCT: https://www.youtube.com/watch?v=ukjDCeuNK3Y

Who is the interviewer but the samesaid Valentin? Whatta universe.

I watched the 30 minute youtube interview, and it is good.

Surely the substantive points of Saifedean Ammous regarding bitcoin governance and various hardfork attacks applies to bitcoin and not the stupid ass bcash that you have been trying to proposition as if bcash were the "real bitcoin" rather than an attack on bitcoin.. and Ammous  seems to make that point fairly clearly at various points throughout the interview.

Mostly. I was with him up until the point he started crowing about the immutability of the main chain. If the main chain was immutable, then it would not implement segwit, which is of course the greatest single change to the bitcoin protocol since its inception. And sadly, interviewer does nothing to question that point either. There must be an explanation that squares with his claim of what the masses will value. I found it somewhat disingenuous that the topic was not even touched upon.

Other than that yes - good interview of a good interviewee.

[JayJuanGee]

Haha. The world works in funny ways.

I'm sitting in the lounge at SJC - I was working in Silicon Valley so far this week. AAR, when I checked into my hotel the other night, I noticed a newspaper I'd not seen before available amongst the piles of drek such as USA Today. Epoch Times. Intrigued, I grabbed a copy.

This morning, I finally started reading it. There was a great article on the ramifications of Bitcoin that took an entire page in the paper. Once I read it, I thought I oughta share it here. There is an abbreviated version available on the web: https://www.theepochtimes.com/is-bitcoin-just-a-brilliant-wealth-redistribution-scheme-3_2377636.html
authored by Valentin Schmid.

Now in the lounge, martini in hand, waiting for time to board, I am catching up on deferred communications. Running through my browser tabs, I run across this item linked the other day by someone here on BCT: https://www.youtube.com/watch?v=ukjDCeuNK3Y

Who is the interviewer but the samesaid Valentin? Whatta universe.

I watched the 30 minute youtube interview, and it is good.

Surely the substantive points of Saifedean Ammous regarding bitcoin governance and various hardfork attacks applies to bitcoin and not the stupid ass bcash that you have been trying to proposition as if bcash were the "real bitcoin" rather than an attack on bitcoin.. and Ammous  seems to make that point fairly clearly at various points throughout the interview.

Mostly. I was with him up until the point he started crowing about the immutability of the main chain. If the main chain was immutable, then it would not implement segwit, which is of course the greatest single change to the bitcoin protocol since its inception. And sadly, interviewer does nothing to question that point either. There must be an explanation that squares with his claim of what the masses will value. I found it somewhat disingenuous that the topic was not even touched upon.

Other than that yes - good interview of a good interviewee.

Yeah, but consensus.

Segwit went through consensus.  It was proposed in about December 2015, then tested in mid 2016, and then went active for signaling in November 2016. 

Sure there were several months of low levels of consensus, but after the NYA of your boys and then the BIP91 that was a compromise proposal, almost everyone jumped on board BIP91 terms to provide nearly unanimous consensus to lock in segwit in early August 2017 and leading to its activation and implemtnation in late August 2017...

So why the fuck cry over that spilled milk...

You are trying to act as if segwit was not activated through nearly unanimous consensus, including your boys?

[bitserve]

Jeez... look at this shit
22 upcoming forks.

http://pieifo.com/pages/endefault.html

I need to safely stream-line my split & dump process.

It's turning out to be a full-time job to take care of these

MOther of god! Are all those for real?

More offerings to the Bitcoin Gods!!

Ok, I think I am changing my approach entirely. Moving all the coins all the time to (safely) catch those forks while the rest are already dumping doesn't seem like that good an idea.

I think I will schedule a plan like doing it every three months or so. That will give me enough time to decide which ones to keep and which ones to inmediatelly sell after watching their behaviour on the markets. Maybe I should try to stick to a predefined threshold like converting 50% to BTC and keeping another 50% of the total combined value.

In the end this may be good for Bitcoin because as soon as we all probably just want to keep increasing our BTC stack the price of BTC can only keep rising as a side effect.

Also no need to look for shitcoins to "diversify"... the shitcoins are coming to us... FOR FREE!

[podyx]

Jeez... look at this shit
22 upcoming forks.

http://pieifo.com/pages/endefault.html

I need to safely stream-line my split & dump process.

It's turning out to be a full-time job to take care of these

Is there any fork that is valuable besides BCH and BTG though? (say more than 0.5% of bitcoins value)

[HairyMaclairy]

BTG is 0.018

Superbitcoin currently 0.019

Edit:  I can’t zero.

[orpington]

BTG is 0.018

Superbitcoin currently 0.019

Edit:  I can’t zero.

SuperSmartBitcoin

[Searing]

sigh....it seemed almost like yesterday...not a whole 11 months ago (gasp...the history) that this seemed unlikely as hell!




http://bitcoinromania.ro/wp-content/uploads/2017/05/l4FGCYu1xKXZAoBwc.gif


The thing to do grasshopper...is 1) Do meme #1 above

and then                                2) watch #2 above

                                            3) grin!

[Logic-Elliven]

I hope you experienced guys can advise:

Which exchange is best to use to change a LARGE amount of BTC into USD and deposit it into a bank acc in the UK plz.
ie:  
It's important to try and keep the whole transaction  immune to the volatility of BTC so the the deposited USD amount is as close to the initial amount as possible.

[mymenace]

I hope you experienced guys can advise:

Which exchange is best to use to change a LARGE amount of BTC into USD and deposit it into a bank acc in the UK plz.
ie:  
It's important to try and keep the whole transaction  immune to the volatility of BTC so the the deposited USD amount is as close to the initial amount as possible.

none, risk wise

the risk is difficult to undertake

now depending on the size and your take on LARGE.....most large exchanges could do it and or if not arrange it for a fee, again risk

[bitserve]

I hope you experienced guys can advise:

Which exchange is best to use to change a LARGE amount of BTC into USD and deposit it into a bank acc in the UK plz.
ie:  
It's important to try and keep the whole transaction  immune to the volatility of BTC so the the deposited USD amount is as close to the initial amount as possible.

It would help if you would define aproximately what is a LARGE amount of BTC. 50? 100? 500? 1000? 10000?

Also, I supposse you do have a USD denominated account in the UK, don't you?