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

[JayJuanGee]

No one left any positive comments for bitcoin judas.  

https://www.youtube.com/watch?v=TaN3jYQxmQU

Do you not see anything wrong with this picture?  "CEO of bitcoin.com" vs "CEO of blockstream.com".  That sure as fuck does not sound "decentralized" to me.  It sounds like corporate special interest groups trying to seize some type of public good and exploit it for their own interests.  It also reminds me of African derived banana republics like the nation of Haiti, a completely powerless nation whose military probably serves no purpose at all, but every low level negro in the entire country has given themselves the title of general.

Blockstream.com is not bitcoin, you fucking nutjob!!!!   

[Neo_Coin]

Haha, so now the trolls are in an uproar because of the thought that Bitcoin maximalists won't even bother to hold altcoins because they know that such can be traded for as needed for day-to-day transactions?

Well they should be. Because Bitcoin is digital gold, that only has value that continues to increase because people to choose to hold it long term and not spend it.

Altcoins, not so much.

[bitserve]

R0ach actually favors silver over gold. So the Tungsten argument is only going to be dismissed.

Alright. Let me go off and do some research. I want to keep the irritation up.

Save your time, it's harder to fake both silver and platinum than gold because tungsten is very close to gold in the specific gravity test.  You could create alloys of other metals to try and accomplish the same thing in silver, but silver has unique characteristics that gold doesn't have to give the fakes away.  All of this is completely meaningless though, as people use things like Xray machines to test them nowadays and the fakes aren't going to pass no matter what.

The common man can easily test silver.  There are not that many coin and round makers.  The simple act of pinging one of these coins will give off a unique sound wave you can either tell by ear, or you can hold it up to the microphone of a cellphone and your free cellphone app will tell you if the resonance matches and if it's real or not.  A fake silver alloy will not pass.

Finally something interesting. May I know the name of that free app I can use with my phone? Have you used it and can vouch for its accuracy?
I would be willing to do some tests RIGHT NOW. What is the name of the app again?

[mymenace]

Haha, so now the trolls are in an uproar because of the thought that Bitcoin maximalists won't even bother to hold altcoins because they know that such can be traded for as needed for day-to-day transactions?

Well they should be. Because Bitcoin is digital gold, that only has value that continues to increase because people to choose to hold it long term and not spend it.

Altcoins, not so much.

Trading BTC to altcoins "as needed for day-to-day transactions" is pointless. You will incur in more fees (exchanging, txs, etc) instead of avoiding them. At least until Bitcoin deploys LN and/or increase blocksize... but then it wouldn't be needed to use any altcoin.

So, in some way, this situation is forcing us to hold a higher percentage of altcoins than what we would be initially willing/comfortable to. Maybe that is even good for some people, or they think so because of the shorter term higher gains we have involuntarily experienced... but I don't think that is sustainable in the longer run.

When I first heard about Bitcoin, I fully bought in to the whole "digital currency is better in every way to fiat for online purchases" line. Only problem though, is that unless you are trying to buy something illegal, it really isn't better than fiat.

In the past 4 years, I've never come across a single scenario where going through the hassle of buying Bitcoin, getting charged the fee, waiting 3-4 days for it, then spending it online for something, was in any way better or faster than just using a credit card or online bank account. The fee for purchasing the bitcoin + the waiting + the fee for the spending transaction + the time for confirmation just never outweighed just spending my fiat directly in the first place.

Truly, something like Lightning Network is the ONLY way Bitcoin is ever going to have a chance to compete with worldwide fiat transaction systems by giving people an INCENTIVE to buy bitcoin for that purpose. Even then, I just don't see most people buying bitcoin for the purpose of turning around and immediately spending it online. I just don't.

I disagree, I like bitcoin for large transactions and the minor transactions to be done on the side

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

[criptix]

Haha, so now the trolls are in an uproar because of the thought that Bitcoin maximalists won't even bother to hold altcoins because they know that such can be traded for as needed for day-to-day transactions?

Well they should be. Because Bitcoin is digital gold, that only has value that continues to increase because people to choose to hold it long term and not spend it.

Altcoins, not so much.

Trading BTC to altcoins "as needed for day-to-day transactions" is pointless. You will incur in more fees (exchanging, txs, etc) instead of avoiding them. At least until Bitcoin deploys LN and/or increase blocksize... but then it wouldn't be needed to use any altcoin.

So, in some way, this situation is forcing us to hold a higher percentage of altcoins than what we would be initially willing/comfortable to. Maybe that is even good for some people, or they think so because of the shorter term higher gains we have involuntarily experienced... but I don't think that is sustainable in the longer run.

When I first heard about Bitcoin, I fully bought in to the whole "digital currency is better in every way to fiat for online purchases" line. Only problem though, is that unless you are trying to buy something illegal, it really isn't better than fiat.

In the past 4 years, I've never come across a single scenario where going through the hassle of buying Bitcoin, getting charged the fee, waiting 3-4 days for it, then spending it online for something, was in any way better or faster than just using a credit card or online bank account. The fee for purchasing the bitcoin + the waiting + the fee for the spending transaction + the time for confirmation just never outweighed just spending my fiat directly in the first place.

Truly, something like Lightning Network is the ONLY way Bitcoin is ever going to have a chance to compete with worldwide fiat transaction systems by giving people an INCENTIVE to buy bitcoin for that purpose. Even then, I just don't see most people buying bitcoin for the purpose of turning around and immediately spending it online. I just don't.

I disagree, I like bitcoin for large transactions and the minor transactions to be done on the side

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

Before trying random stuff i would rather go with vitaliks Plasma chain.

[Torque]

I disagree, I like bitcoin for large transactions and the minor transactions to be done on the side

Instead of being like like everyone else, please specifically list all the e-Commerce transactions that you have been doing with bitcoin. As well as the exact ratio of bitcoin transactions vs. fiat transactions you do for legal spending per month.

Otherwise, these blanket statements are just representing complete fallacy.

[realr0ach]

R0ach actually favors silver over gold. So the Tungsten argument is only going to be dismissed.

Alright. Let me go off and do some research. I want to keep the irritation up.

Save your time, it's harder to fake both silver and platinum than gold because tungsten is very close to gold in the specific gravity test.  You could create alloys of other metals to try and accomplish the same thing in silver, but silver has unique characteristics that gold doesn't have to give the fakes away.  All of this is completely meaningless though, as people use things like Xray machines to test them nowadays and the fakes aren't going to pass no matter what.

The common man can easily test silver.  There are not that many coin and round makers.  The simple act of pinging one of these coins will give off a unique sound wave you can either tell by ear, or you can hold it up to the microphone of a cellphone and your free cellphone app will tell you if the resonance matches and if it's real or not.  A fake silver alloy will not pass.

Finally something interesting. May I know the name of that free app I can use with my phone? Have you used it and can vouch for its accuracy?
I would be willing to do some tests RIGHT NOW. What is the name of the app again?

Yea, I've used them and there's not just one app, there's lots of them.  Some of them are free, some you have to pay for.  Just use google, they're easy to find.  I don't own a cellphone.  If I want someone to find me, I'll find them.

[Neo_Coin]

[bitserve]

R0ach actually favors silver over gold. So the Tungsten argument is only going to be dismissed.

Alright. Let me go off and do some research. I want to keep the irritation up.

Save your time, it's harder to fake both silver and platinum than gold because tungsten is very close to gold in the specific gravity test.  You could create alloys of other metals to try and accomplish the same thing in silver, but silver has unique characteristics that gold doesn't have to give the fakes away.  All of this is completely meaningless though, as people use things like Xray machines to test them nowadays and the fakes aren't going to pass no matter what.

The common man can easily test silver.  There are not that many coin and round makers.  The simple act of pinging one of these coins will give off a unique sound wave you can either tell by ear, or you can hold it up to the microphone of a cellphone and your free cellphone app will tell you if the resonance matches and if it's real or not.  A fake silver alloy will not pass.

Finally something interesting. May I know the name of that free app I can use with my phone? Have you used it and can vouch for its accuracy?
I would be willing to do some tests RIGHT NOW. What is the name of the app again?

Yea, I've used them and there's not just one app, there's lots of them.  Some of them are free, some you have to pay for.  Just use google, they're easy to find.  I don't own a cellphone.  If I want someone to find me, I'll find them.

OMG! Let me some time to recover from that statement and I will get back to you.

[HairyMaclairy]

I don't own a cellphone.

As if we needed any more proof that Roach is the man we need for the 20th century.

[AlcoHoDL]

[ ... ]

I don't own a cellphone.

Thanks for that information. It is very helpful in putting things in perspective.

[FractalUniverse]

@realr0ach

The World Gold Council estimates that all the gold ever mined totaled 187,200 tonnes in 2017

Central banks and other official institutions have been a key source of gold demand since 2010.
Between 2010 and 2016, average annual central bank net purchases were 470 tonnes, accounting for 11% of global gold demand. And global official gold holdings have grown to more than 33,000 tonnes,  from just under 31,000 tonnes in 2010.
Given this sector’s significance to the gold market, close attention is paid to movements in global gold reserves.

So. Nearly 1/5 of all [physical] gold ever mined is in the hands of your "evil banksters", so they can easily manipulate its price [stability]. How nice of them!
They must be the good guys, they are [for now] doing what you are preaching here: buying gold

[HairyMaclairy]

BCH buy wall on Bitstamp BCH/BTC down to 2k from 3k.  

[mymenace]

I disagree, I like bitcoin for large transactions and the minor transactions to be done on the side

Instead of being like like everyone else, please specifically list all the e-Commerce transactions that you have been doing with bitcoin. As well as the exact ratio of bitcoin transactions vs. fiat transactions you do for legal spending per month.

Otherwise, these blanket statements are just representing complete fallacy.

Thanks for the tip

looks like

https://www.rsk.co/
RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

is the way to go

[bones261]

I don't own a cellphone.

As if we needed any more proof that Roach is the man we need for the 20th century.

Isn't it clear that R0ach's main goal is to disappear off the grid when all hell breaks loose? That is just not possible with a cell phone. After all, I find it really strange that all I need to do is have a conversation in the same room as my Iphone and all of a sudden, the google adds match what I was discussing. Apple denies this, but it seems to have happened to me way too often to be a coincidence. Plus, it is quite possible to track you, even if you have the location service shut off. All you need to do is make the mistake of actually using the thing, and they can triangulate your position.

[HairyMaclairy]

BCH buy wall on Bitstamp BCH/BTC down to 2k from 3k.  

Down to 1600.  Might be pulled soon.  

[Torque]

After all, I find it really strange that all I need to do is have a conversation in the same room as my Iphone and all of a sudden, the google adds match what I was discussing. Apple denies this, but it seems to have happened to me way too often to be a coincidence.

Are you serious? Holy crap. I know those in-home smart devices like Amazon Echo and Google Home are for sure doing it. Which is why I will never own such a device. Just never heard of an instance where phone is capturing voice like that off-call usage. Wouldn't surprise me though. A scary invasion of privacy and personal security.

[Neo_Coin]

[HairyMaclairy]

I don't own a cellphone.

As if we needed any more proof that Roach is the man we need for the 20th century.

Isn't it clear that R0ach's main goal is to disappear off the grid when all hell breaks loose?

Posting online non-stop seems to be the wrong way to go about it.

[bones261]

After all, I find it really strange that all I need to do is have a conversation in the same room as my Iphone and all of a sudden, the google adds match what I was discussing. Apple denies this, but it seems to have happened to me way too often to be a coincidence.

Are you serious? Holy crap. I know those in-home smart devices like Amazon Echo and Google Home are for sure doing it. Which is why I will never own such a device. Just never heard of an instance where phone is capturing voice like that off-calls. Wouldn't surprise me though. A scary invasion of privacy and personal security.

Yes, I have had a conversation with my partner about a local restaurant we enjoy. No google search on any device. No recent posts on social media about the restaurant. Suddenly, up pops the ad on Facebook for this restaurant. (Not a national franchise.) May be a feature of the Facebook app though. But if a Facebook app can do it, not sure what would prevent any other app from doing it as well. Or even the firmware of your Iphone.
http://www.dailymail.co.uk/sciencetech/article-5200661/Is-phone-listening-word-say.html