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

[TERA2]

Everyone here dogs me about my bitcoin calls being off 20% or whatever. Meanwhile they stick their heads in the sand about altcoins as they rise tens of thousands of percents.

[xhomerx10]

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees
btc and eth are currently mostly gateway coins
premined does not mean "not decentralized", IOTA and Cardano have interesting concepts
let alone the fact that botcoin and his brother buttcoin are also centralized through China-SHA256 and extremly resource hungry
who do you think will own the master-nodes for LN?  

the problem is the distribution of the coins for the premined projects, i guess the creators have the most, but that is also a problem with btc and early adopters

currently btc can't cope with much more new users - a price of 50k$ is not justified
will you pay 100$ transaction fee? - i wanted to buy some cardano and converted my btc to eth before transaction

inb4 ripple shiller: i sold my stash at 20ct  

Ripple is a company run by few individuals with unlimited cap and blah blah. I dont know of anybody mining ripple... It is just like a tokenized visa, makes little sense to me

 Ripple cannot be mined and if anybody tells you differently, they're trying to rip_ple you off.

[xhomerx10]

Everyone here dogs me about my bitcoin calls being off 20% or whatever. Meanwhile they stick their heads in the sand about altcoins as they rise tens of thousands of percents.

 There are thousands of other options - which ones should we buy thousands of?

[AlexGR]

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees

Centralized solutions like Ripple aren't a novelty. They exist for hundreds of years. You might as well buy bank shares. Actually even banks may be more legit because it's the central banks creating the money - not the commercial ones. In Ripple, they can literally create virtual tokens out of thin air and sell them. And they have done it.

The "gimped coin", "btc is going nowhere" due to high fees, were being repeated since btc was at 200-300$ and fees were 3 cents...

[ragnar0k]

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees
btc and eth are currently mostly gateway coins
premined does not mean "not decentralized", IOTA and Cardano have interesting concepts
let alone the fact that botcoin and his brother buttcoin are also centralized through China-SHA256 and extremly resource hungry
who do you think will own the master-nodes for LN?  

the problem is the distribution of the coins for the premined projects, i guess the creators have the most, but that is also a problem with btc and early adopters

currently btc can't cope with much more new users - a price of 50k$ is not justified
will you pay 100$ transaction fee? - i wanted to buy some cardano and converted my btc to eth before transaction

inb4 ripple shiller: i sold my stash at 20ct  

Ripple is a company run by few individuals with unlimited cap and blah blah. I dont know of anybody mining ripple... It is just like a tokenized visa, makes little sense to me

 Ripple cannot be mined and if anybody tells you differently, they're trying to rip_ple you off.

So how the hell are transactions validated? Seems to me like it is just a public db

[Gab0]

Good thing I didn't sell my shitcoins.

Another good thing is that maybe now Wu and Ver are realizing what they did?

AFAIK, there's NO mining on most of those shitcoins.

Yeah they fucked it, no doubt about it.

they won't realize shit, sociopaths never admit they fucked up.

And again, a sheep with the same invariable bleat.
Bitcoin will always have enemies, be they people, companies, or governments. And the enemies will always attack exploiting the weaknesses of bitcoin. Does it have any merit to blame enemies to exploit our weaknesses? No, it's just like the cry of an impotent baby.
We have problems, we have to accept it, and they are not the fault of our enemies, they simply tell us where we have to work.

[Neo_Coin]

[TERA2]

No matter how sophisticated this technology becomes, the world is still ultimately controlled by guns and blades.

[Meuh6879]

secure the money = secure the ... justice.
no money = no justice.


justice is a part of the individual security.

[Paashaas]

Finally!

[Karartma1]

secure the money = secure the ... justice.
no money = no justice.


justice is a part of the individual security.

I think this is the most important reason to be here today. If we expect justice to be given to us we will be so desperate.

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. Albert Camus

[fabiorem]

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction).

Newbies dont think of money as a relative value, but as a absolute value. For them, money is a solid object, hard to move around. They dont see money as a flowing object.

[xhomerx10]

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees
btc and eth are currently mostly gateway coins
premined does not mean "not decentralized", IOTA and Cardano have interesting concepts
let alone the fact that botcoin and his brother buttcoin are also centralized through China-SHA256 and extremly resource hungry
who do you think will own the master-nodes for LN?  

the problem is the distribution of the coins for the premined projects, i guess the creators have the most, but that is also a problem with btc and early adopters

currently btc can't cope with much more new users - a price of 50k$ is not justified
will you pay 100$ transaction fee? - i wanted to buy some cardano and converted my btc to eth before transaction

inb4 ripple shiller: i sold my stash at 20ct  

Ripple is a company run by few individuals with unlimited cap and blah blah. I dont know of anybody mining ripple... It is just like a tokenized visa, makes little sense to me

 Ripple cannot be mined and if anybody tells you differently, they're trying to rip_ple you off.

So how the hell are transactions validated? Seems to me like it is just a public db

 It is a public db.  There are nodes which relay candidate transactions and also special validator nodes which use an iterative process to come to a consensus on candidate transactions that will be included in the ledger. I believe the nodes hash the resulting set of candidate transactions and compare the hashes among themselves until there is a supermajority in agreement.  There is no reward for running a node or a validator node.

[fluidjax]

who do you think will own the master-nodes for LN?  

There are no master nodes for LN, go away and do your reasearch before making blatantly incorrect statements.

[Logic-Elliven]

LOL!  
A honest ICO at last!
So refreshing I may just buy some!  

https://milliondollarico.io/

[JimboToronto]

Good morning Bitcoinland.

I see we're about where we were after yesterday's rise, a little over $15k... currently $15287USD/$19166CAD (Bitcoinaverage).

Old coins are worth $18331USD/$22978CAD each (Coinmarketcap).

The winter blahs are upon us once again. I don't expect any price doubling until the usual spring rally.

Can't complain about the usual autumn rally though. 2017's was a real doozy. Time to settle in for the winter, content with last years harvest and wait for the new season.

Then again, maybe a certain honey badger doesn't want to hibernate.  

[aesma]

I don't understand why there is so much negativity about BCH here. I'm not a BCH fanatic nor a BTC hater, I hold both in similar numbers.

The fact is BTC couldn't get to an agreement on something, so a fork happened. The forkers predicted that BTC would get stuck, and that's exactly what happened. At the moment BTC is almost unusable. I ordered myself BTC miners and had to pay in BCH.

I don't really care for LN, but even if I did, I can't use it right now. I can use any of thousands of coins, some shitty some not, to send money for cheap, the only one I can't do that with is BTC, isn't that bothering you at all ?

The only reason this situation hasn't caused a much bigger drop in price is that BTC being stuck, people couldn't get it to exchanges. And of course the fact that many people are now invested in BTC without understanding the first thing about it, without owning a wallet and without having even sent any coin anywhere.

[flynn]

this=>
https://www.rt.com/business/414903-egypt-mufti-ban-bitcoin/

not sure if bullish or bearish. I don't even know if I care.

[OWZ1337]

who do you think will own the master-nodes for LN?  

There are no master nodes for LN, go away and do your reasearch before making blatantly incorrect statements.

the more i think about it LN and SegWit make no sense ~ let's keep bitcoin slow with dinosaur like resilience :-D weeee 

[conspirosphere.tk]

I don't understand why there is so much negativity about BCH here.

Yeah, why? I can't see a reason. Maybe the several years of terrorist psyops and sabotage for hostile takeover attempts?
My advice is to convert all of your funds in BCH and stay with your collegues in /r/btc.