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

[Elwar]

The current downward swings will always be bad because people are investing with the idea that they will get 1000% gains in a short amount of time. Weak hands everywhere.

[RoomBot]

Great interview posted 4 hours ago.

The Debate Within Bitcoin: Jameson Lopp vs. Roger Ver on Bitcoin and Bitcoin Cash

https://www.youtube.com/watch?v=jEBkdCdj4FQ

Can't be great.

Has Ver.

Yep.   I hate to admit that I wasted one hour of my life listening to that crap, and I should have known better without listening, and even once I started listening, I should have realized that the content was not really going to get much better after the basic introductions  

Surely, does not live up to anything near "great" or even "good" and surely RoomBot made the correct conclusion that Roger Ver took away from any kind of meaningful quality within such discussion, without wasting an hour of his time to come to such conclusion......  fuck me, but congrats to you RoomBot...  .... Edit and congrats to Alexeft for not listening to the whole thing.  You did not miss anything.... I kind of realized about half way through that I was wasting my time.. but I did soldier through the crap.   again.. makes me feel... 

Yeah, thanks.  One only has so much precious time.

Thank you, Ignore Button. 

[JayJuanGee]

I'm going to start to panic soon. I don't like it when Bitcoin goes down a lot, then doesn't come right back up.

Some perspective, Rosewater:

Bitcoin has remained above $10,000 for only 20 days now, and above $15,000 for 10 days. (Bitstamp)

It has traded above $18,000 a whopping 4 days, only 1 of which it remained above $18,000 all day.

Bitcoin IS up, and remains bullish AF. You just need to zoom out on the charts. Start looking at 1 day candles, instead of 1 min. Go for a walk. Try and forget about Bitcoin for a week. A month. A year if you can. Go on vacation. It'll still be here when you return.

The problem with zooming out to the 1 day chart is I see 6 red candles in a row. Perhaps I should move all my measly BTC to exchange and cash out. I'm sure that the moment that I do that, this will be pumped through the stratosphere again. 

Something like that would be consistent with your historical practice and part of the reason that you do not have very many coins - because you tend to do the opposite of what you should be doing.

As painful as it is, get into the practice of buying as the price goes down and selling as the price goes up....

Life will get better, especially once you get into the groove of it.

Don't get me wrong, it still can be stressful to experience rapid price movements, but it is less stressful to be buying on the way down and selling on the way down, than to be doing the opposite.

[BlindMayorBitcorn]

Haven't seen BlindMayorBitcorn for ages. Cashed out, gone sea steading?

Using lower post count alts these days.  Just too expensive to use the Legendary account, you know?

Once the world started to threaten me with immense wealth I went into hiding. But it looks like that's been called off.

[Gab0]

So if I'd told you this time last year ten grand for Christmas would've been a disaster, to which institution would you have had me committed?

What concerns me is all the people that just got rekt, not the ones that didn't

You're strange. Do you worry about people who have taken a risk speculating, but do not worry that the network in which these people are investing is useful? I refer to the insults you have given to people who have shown their concern about the fees.

[babanana]

Im buying all I have on the exchange as well. I shorted when it was going up to 19k now its buy  back time. Support looks good on 13k level.

Someone/somebody is dumping so hard. I repeatedly put the same order and got filled. Its a battle. Lets go! 

[RoomBot]

i told you to sell at 20k.

i got insulted for it.

Well i hope it'll bounce to 16k once more to save your skins

Bear season can last a while, hopefully LN will release soon

Again, a bear season would be welcome for my upcoming fiat influx. I don't think anybody really minds some downtrends after going x24 in a single year.

I sold a BIT at $19,000, but what felt even better was dumping some BTrash today!

[RoomBot]

we have new ATH here

Best transaction FEE is

1005 Satoshis/byte | 0.01005 BTC/KB

for 1 kb lol, it is $ 160 fee.

Remember the days when Bitcoin had cheaper fees then visa and western union? I think that used to be a big selling point, the idea of banking for the unbanked or something like that... lol

Absolutely was a GLOBAL solution for the workers of the world to send remittances home.

Very bad turn of events.

[JayJuanGee]

Looks like bcash, no?   Although, it would look better with the heads of Roger, Jihan, Craig, PeterR, Jbreher and perhaps one or two other notorious figures in Bcashlandia.

[RoomBot]

Haven't seen BlindMayorBitcorn for ages. Cashed out, gone sea steading?

Using lower post count alts these days.  Just too expensive to use the Legendary account, you know?

Once the world started to threaten me with immense wealth I went into hiding. But it looks like that's been called off.

Welcome back!

All Munchkins come gather 'round the good Mayor and sing a crypto tune.

[BlindMayorBitcorn]

Hear ye, fair citizens...

What's crackin'?

[explorer]

Hear ye, fair citizens...

What's crackin'?

Bitcoin.  The pressure is just Too Much!

[lightfoot]

Once the world started to threaten me with immense wealth I went into hiding. But it looks like that's been called off.

Oh good, we're glad to have you back. Because let's face it: Would you rather have immense wealth, or be here with us?

Wait, that didn't come out right....

[BlindMayorBitcorn]

Hear ye, fair citizens...

What's crackin'?

Bitcoin.  The pressure is just Too Much!

But wait...what the...

[WindForce]

13K to 14.5K bounce in 10 minutes, that's what i call a bounce !

[lightfoot]

Ok, let's get this out of the way here....

[jbreher]

Soon it will cost more to send a coin than to buy one.

I seem to remember reading that the majority of addresses in the UTXO set are underwater.

Even if that was the case, it'd become virtually free once LN rolls out.

Nope. You still gotta get that output onto the chain in order to bind it into a channel.

We always worried the fee market wouldn't work.

Maybe you did. We always knew the fee market would work. Because greed. The potentially corrupting force that Satoshi harnessed for good.

It's not only about fees, it is about network congestion. I am hodling, but I hope every day for them to announce a blocksize increase as a temporary fix while we keep waiting for a working LN fully deployed. A small blocksize increase that we would need anyways even IF LN was already in place.

And no, for whomever is thinking so: BCH crapcoin is no solution... if Bitcoin fails ALL the crypto castle will crumble.

Sure. Keep mumbling to yourself in denial: I didn't pick the wrong horse. I didn't pick the wrong horse. I didn't pick the wrong horse.

So how is it a problem? The block size is the only thing standing in the way of sacrificing security, decentralization and censorship-resistance. It is that simple.

Poppycock. The block size has fuck-all to do with security, decentralization and censorship-resistance.

Businesses that require stable unit of account for trade/commerce (to avoid exchange rate risk) or reliable confirmation (tx may or may not confirm depending on fee/backlog) will not use crypto.

Or maybe such businesses will ... just hear me out here ... maybe such businesses will use some other crypto that does not suffer such crippling flaws.

ripple passed bcash XD... either they are stashing all the last bch pump money there before another blow or btc money are going there during the drop not to pump bch...

^^^See my previous reply to LewisPrienne

That Lambo is turning into a second-hand Schwinn as we speak!!!!

If its a Cherry Picker, that's about as good. XD

Looks like bcash, no?   Although, it would look better with the heads of Roger, Jihan, Craig, PeterR, Jbreher and perhaps one or two other notorious figures in Bcashlandia.

::le sigh:: I sense a photoshoppin' on the horizon...

[explorer]

Hear ye, fair citizens...

What crackin'?

Kraken?

Kraken! 

All fixed.  Sorry 'bout that.

[explorer]

Ok, let's get this out of the way here....

Poor fucker doesn't know that the water is only 4 feet deep. 

[nikauforest]

Maybe some form of SneakerNet could help us with fees until LN comes out?
https://en.wikipedia.org/wiki/Sneakernet