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

[Rosewater Foundation]

[jbreher]

Not sure this is true about capital gains and income taxes....Puerto Rico

I've been posting that fact here every month or two. But nobody listens to me. ::sniff::

[OWZ1337]

BTCBTC$ price follows pages: #?       weeee

[Rosewater Foundation]

Not sure this is true about capital gains and income taxes....Puerto Rico

I've been posting that fact here every month or two. But nobody listens to me. ::sniff::

This post ranks high on Torque's clinical narcissist test.  

This is not always about you, Jbear!

[jbreher]

Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

Just curious - any evidence for that assertion?

[HairyMaclairy]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

for the blockchain platform Ethereum provides, which allows people and companies to build their projects on. Bitcoin doesn't offer the blockchain, Ethereum does. Ethereum's business model is more tangible to businesses, governments, organizations that Bitcoin because it allows those entities to build projects and processes off the blockchain without having to code and develop and test their own!

If you think you can run smart contracts without having to code, develop and test, then you have clearly never built anything in Solidity. 

[DaRude]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





hxxps://www.lightningramp.com/

Cert provided by letsencrypt? Yeeah definitely scam

[Wekkel]

I also foresee that major card issuers of the future (TenX, Monaco) will offer minor small fee payments between participants within their systems.

[TERA2]

Piccolo blew up the moon

[TERA2]

BCH seems to be doing its own thing and unhinged from BTC now. Now the trade against BTC is ETH

[AlcoHoDL]

So here it is, perhaps 12 levels could accommodate most of us and show some progression in our financial well-being (especially if we did the right thing in regards to buying, accumulating and hodling bitcoin):

First we start at:

1. supported by the parents [ 0 BTC ]

2. living paycheck to paycheck  [ 0-1 BTC ]

3. having a bit of a reserve and using that reserve to invest in bitcoin [ 1-3 BTC ]

4. getting by with a cushion [ 3-5 BTC ]

5. comfortable [ 5-10 BTC ]

6. sassy and splurging a bit [ 10-15 BTC ]

7. well off [ 15-30 BTC ]

8. feeling rich, but not yet there [ 30-100 BTC ]

9. moderately rich [ 100-250 BTC ]

10. rich [ 250-1000 BTC ]

11. this is gentlemen [ 1000-10000 BTC ]

12. filthy rich [ 10000+ BTC ]

I've added some values, and made some slight changes to the order and naming. Removed "wealthy", as it conveys a different meaning and I believe it should not appear in the list. This is how I see it, based on my own perception of wealth status, and based on one's current BTC holdings. I'm sure each of us would use different amounts of BTC for each category...

The remarkable thing about Bitcoin is that in 12 months from now you can remove one least significant digit from each value range, and the list will still hold true!

[TERA2]

Some of the low ones are a little off. Living paycheck to paycheck would be more like 0.01btc and not 1btc.

[windjc]

So here it is, perhaps 12 levels could accommodate most of us and show some progression in our financial well-being (especially if we did the right thing in regards to buying, accumulating and hodling bitcoin):

First we start at:

1. supported by the parents [ 0 BTC ]

2. living paycheck to paycheck  [ 0-1 BTC ]

3. having a bit of a reserve and using that reserve to invest in bitcoin [ 1-3 BTC ]

4. getting by with a cushion [ 3-5 BTC ]

5. comfortable [ 5-10 BTC ]

6. sassy and splurging a bit [ 10-15 BTC ]

7. well off [ 15-30 BTC ]

8. feeling rich, but not yet there [ 30-100 BTC ]

9. moderately rich [ 100-250 BTC ]

10. rich [ 250-1000 BTC ]

11. this is gentlemen [ 1000-10000 BTC ]

12. filthy rich [ 10000+ BTC ]

I've added some values, and made some slight changes to the order and naming. Removed "wealthy", as it conveys a different meaning and I believe it should not appear in the list. This is how I see it, based on my own perception of wealth status, and based on one's current BTC holdings. I'm sure each of us would use different amounts of BTC for each category...

The remarkable thing about Bitcoin is that in 12 months from now you can remove one least significant digit from each value range, and the list will still hold true!

So $150,000,000 isn't considered "filthy rich"?

[Ibian]

Some of the low ones are a little off. Living paycheck to paycheck would be more like 0.01btc and not 1btc.

Nah, you can't actually sell anything if you only have 1. Not if you want it to last.

[1982dre]

All coins up big and BTC still at the same level. Can't wait till the alt-money is gonna be dumped into BTC. 

[realr0ach]

I think it may be time for some retaliation attacks against Wu and Antpool who have demonstrably become malicious miners, attacking the bitcoin network.

They are withholding blocks, spamming the network to drive up fees and being a general nuisance to the point that if they were excluded from the mining network it would do more good than harm to bitcoin. They are doing everything in their power to subvert the network, without performing the 51% attack which they may actually be capable of.

In other words, you're doing an insane amount of mental gymnastics to try and dodge admitting bitcoin is completely centralized and there is no fixing it?  I already talked about why it's not fixable, because anyone that can create a miner and have it spit out rewards to you while on cruise control without you doing anything is the same thing as INTEREST.  Then instead of one man one vote, you get to scale your interest generating machine to one man infinite votes.  The only way to stop that would be forcing people to do manual labor to solve blocks (captchas), but people would just create bots to solve the captchas and you're back to square one.

[LewisPirenne]

So $150,000,000 isn't considered "filthy rich"?

There are quite a number of people who can make 100+ mio in a single year, let alone their net worth.  There is also this bitcoiner who had just donated like $100 million to charity.  That dude is probably somewhat rich, but definitely not "filthy".  

[JayJuanGee]

So here it is, perhaps 12 levels could accommodate most of us and show some progression in our financial well-being (especially if we did the right thing in regards to buying, accumulating and hodling bitcoin):

First we start at:

1. supported by the parents [ 0 BTC ]

2. living paycheck to paycheck  [ 0-1 BTC ]

3. having a bit of a reserve and using that reserve to invest in bitcoin [ 1-3 BTC ]

4. getting by with a cushion [ 3-5 BTC ]

5. comfortable [ 5-10 BTC ]

6. sassy and splurging a bit [ 10-15 BTC ]

7. well off [ 15-30 BTC ]

8. feeling rich, but not yet there [ 30-100 BTC ]

9. moderately rich [ 100-250 BTC ]

10. rich [ 250-1000 BTC ]

11. this is gentlemen [ 1000-10000 BTC ]

12. filthy rich [ 10000+ BTC ]

I've added some values, and made some slight changes to the order and naming. Removed "wealthy", as it conveys a different meaning and I believe it should not appear in the list. This is how I see it, based on my own perception of wealth status, and based on one's current BTC holdings. I'm sure each of us would use different amounts of BTC for each category...

The remarkable thing about Bitcoin is that in 12 months from now you can remove one least significant digit from each value range, and the list will still hold true!

Whoaza!!!!! 

Great contribution.  Like you suggested, I do think that it is a bit problematic to value this in number of BTC - and perhaps a dollar value would be a better indicator.. even though I recognize that the dollar is inflationary and bitcoin is deflationary and since bitcoin seems to remain in an extraordinary price finding period, the values seem likely to change a lot more by placing them into bitcoin rather than into dollars.

[somac.]

All coins up big and BTC still at the same level. Can't wait till the alt-money is gonna be dumped into BTC. 

That's what I'm waiting for, but, I'm slightly concerned that we won't make it back up to 60% BTC dominance level that we were at the other week, and that we will just drift lower from here. It got down to the 30s earlier in the year, and I'd rather it not go back there.

[CristiTCM]

So here it is, perhaps 12 levels could accommodate most of us and show some progression in our financial well-being (especially if we did the right thing in regards to buying, accumulating and hodling bitcoin):

First we start at:

1. supported by the parents [ 0 BTC ]

2. living paycheck to paycheck  [ 0-1 BTC ]

3. having a bit of a reserve and using that reserve to invest in bitcoin [ 1-3 BTC ]

4. getting by with a cushion [ 3-5 BTC ]

5. comfortable [ 5-10 BTC ]

6. sassy and splurging a bit [ 10-15 BTC ]

7. well off [ 15-30 BTC ]

8. feeling rich, but not yet there [ 30-100 BTC ]

9. moderately rich [ 100-250 BTC ]

10. rich [ 250-1000 BTC ]

11. this is gentlemen [ 1000-10000 BTC ]

12. filthy rich [ 10000+ BTC ]

I've added some values, and made some slight changes to the order and naming. Removed "wealthy", as it conveys a different meaning and I believe it should not appear in the list. This is how I see it, based on my own perception of wealth status, and based on one's current BTC holdings. I'm sure each of us would use different amounts of BTC for each category...

The remarkable thing about Bitcoin is that in 12 months from now you can remove one least significant digit from each value range, and the list will still hold true!

I'm at level 2. Struggling to get to level 3 😯