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

[Dabs]

Yeah, bitcoin isn't gold. It's been called gold 2.0.

And so ... bitcoin is also worthless but you were able to buy silver with it. That's not a scam? Or rather it was a trade for something you had, which you didn't value, for something which you think has value? Bitcoin for silver.

Of course he's wrong.  He's a freaking used car salesmen pumper motivational speaker.  Most of the bitcoin devs disagree with him on numerous issues as well.  Why do people pretend he's the fucking gospel truth of bitcoin?  He's a PUMPER, that's ALL.  How often do you hear him say something like "well yea, this bitcoin thing might die or fail somehow"?  Pretty much never even though every bitcoin dev has said words like that before.  That's how you can tell he's a just a pumper or conman.  People claim Max Keiser is a pumper, but Antonopolous shills about 4000x harder on any issue than him.

Yet the guy didn't have much bitcoins because he spent and used it. So he was pumping bitcoin for nothing. (Unless he planned on people donating to him recently; which I find unlikely.) I don't recall any of his talks as sounding like pumping, and his earlier talks didn't sound like a use car salesman. Perhaps that has improved with time as he speaks much better now.

Anyway, thank you for all the links to your posts, I think I will read them. You are an interesting person.

But I agree with you, Max Keiser is a pumper, sounds like one too. But he's been saying that since several years ago, while at the same time giving away bitcoins to people he meets.

[realr0ach]

Help get me out now...

Your first error as a bitcoin shill was admitting that bitcoin is in an engineered bubble and that gold and silver are in a negative, engineered, inverse bubble making them far better buys:

For this to ‘end’ it requires central banks worldwide to address their issues.

They’ve avoided doing so until now via suppression of gold etc  but the day of reckoning may have come.

[alexeft]

.........

The problem with your calculations is that it does not include the 12.5 BTC reward the miners get with each block. That alone rewards the miners about 90.00 USD per tx at the current price. At this point in the game, the tx fees are just extra profit padding.

And?

Who do you think is the most likely suspect of spamming this network to artificially inflate the tx market?
I'll give you a clue.

I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!

[milkshock100]

how low can we go...

[gentlemand]

I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!

It's bleeding obvious it's them.

As soon as it looked like Segwit2X was a go fees went from dollars to near free in a matter of hours. Funny that.

I think this particular time it is conceivable this is pure demand as we're manic, but in the past it was pure spamming to push the big block agenda.

[alexeft]

I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!

It's bleeding obvious it's them.

Who is them? The miners in general or the bcash company?

[podyx]

Are we poor again??

[jojo69]

The zombies got Kevin.  I can hear his screams down by the wire.  Almost out of ammo...saving one for myself.

[isov]

I missed an important historical event. Did anyone pay attention which page this thread and Bitcoin reached parity? That was something dreamed about long ago...

[gentlemand]

Who is them? The miners in general or the bcash company?

Most likely Bitmain. Which is also the Bcash company.

[itod]

how low can we go...

$9.000 - $10.000, and it would be extremely healthy according to MasterLuc. He claims next boom is not possible until we test this, and accumulate the energy necessary for the Next Big Pump. He was never wrong before.

[xhomerx10]

how low can we go...

17,200 USD is support level

[HairyMaclairy]

I missed an important historical event. Did anyone pay attention which page this thread and Bitcoin reached parity? That was something dreamed about long ago...

You are getting a second go at it about now.  But yes - it’s about 15 pages back at a guess.

[jojo69]

I missed an important historical event. Did anyone pay attention which page this thread and Bitcoin reached parity? That was something dreamed about long ago...

https://bitcointalk.org/index.php?topic=178336.msg26439879#msg26439879

[alexeft]

Who is them? The miners in general or the bcash company?

Most likely Bitmain. Which is also the Bcash company.

Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.

[HairyMaclairy]

how low can we go...

17,200 USD is support level

It will bounce back.  We are just giving the weak hands a good shake.

[realr0ach]

Anyway, thank you for all the links to your posts, I think I will read them. You are an interesting person.

Honestly, bitcoin is an extremely complex Rube Goldberg machine that takes either a lot of brain power or just a lot of time and effort to evaluate, which I feel 99% of people in the bitcoin space have not done.  Most of the people in this thread don't know anything about subjects like entropy and how it relates to decentralization, so they'll never be able to evaluate bitcoin objectively.  This means the most important and relevant thing I've ever said about bitcoin is probably this post where I describe how bitcoin inevitably turns into the equivalent of a closed entropy proof of stake system even while claiming to be open entropy proof of work:

http://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

[gentlemand]

Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.

Well, it's not really to their cost as they probably control more than 50% of the hash rate so they collect their own fees. Even if they miss them, they've driven fees up so high that they collect more in general anyway. It's a very neat and nauseating loop.

[jojo69]

The president just came on the shortwave.

They are moving the government to Cheyenne Mountain.

I hear helicopters in the distance.

[xhomerx10]

The president just came on the shortwave.

They are moving the government to Cheyenne Mountain.

I hear helicopters in the distance.

 Did r0ach just run for the hills?