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

[afbitcoins]

I actually would regard using LN as the natural progression of scaling up peer to peer payments. Consider that much of the peer to peer traffic on the internet itself which we used to have has moved more to peer - "cloud" - peer system.

Good parallel.

Can't remember the last time I used a torrent program to get data.

... but if some data should get censored everywhere from "cloud peer" systems, it would spread through torrents like wildfire. That is, base blockchain transfers will always be an option, no matter what.

Not sure if I understood that correctly but if I did, I could view torrents being replaced by cloud services as a regression from a decentralised system back towards a more centralised one. Cloud services are provided by a small number of large companies. Anyway I still find torrents useful.

But anyway, thanks for a civilised response. I prefer reasoned debate than being told to fuck off.

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[Rosewater Foundation]

Naw. The price is way too low now. I'm calling it.

[TERA2]

WTF bitcoin selling off again. Just go up you bastard, it's the future for christs sake.

But what date in the future is bitcoin the future and what price will it be? Lets say in 10-20 years it will be $1M and will be the dominant currency. 15 years is actually a short amount of time for so many public systems to be changed - look how long it took grandma to adopt the internet or use a credit card. Is the current trajectory sustainable? No. At the current rate it would reach that level in only 1-2 years. It is going way too fast and needs to pull back and have retracements.

[fluidjax]

The graphic tries to show how funding a channel is like funding a 'hot wallet'. A more accurate description is that funding a channel is like depositing money with a bank.

Explain why you think that statement is true, and I will explain why you are wrong.

[ivomm]

Regarding that noobs are boasting with alt profits: Looking at the charts of those that are at least 3 years old, you can see that the price is constantly declining with 1 or 2 pumps  (mostly in May 2017 and in Dec 2017/Jan 2018). Between the pumps there is a huge drop. In other words, even if one gets lucky to chose one of those alts and waits years with 60-90% loss in terms of fiat, at the end he may earn at most ten fold. On the other hand, if one bought BTC and holded for 3 years... you can do the math. Now, the noobs are too emotional and buy these alts at current prices waiting for the next pump. But my questions are: Do you know when the next pump will be? In May 2018, or Jan 2019, or Jan 2020? Do you be comfortable to wake up each morning and see another 10% drop in price for months/years? In the meantime, BTC will steadily rise to prices that now may seem unimaginable. After all, BTC is still in its early adoption phase with a cap of 21 mln coins, 80% of which are now in circulation.

[Paashaas]

The graphic tries to show how funding a channel is like funding a 'hot wallet'. A more accurate description is that funding a channel is like depositing money with a bank.

Explain why you think that statement is true, and I will explain why you are wrong.

Afbitcoins is a Bcash shill/shit noob.

[Rosewater Foundation]

Naw. The price is way too low now. I'm calling it.

[TERA2]

low? you must have the chart upside down. it's up 1400% in the last year since it broke ath, 10,000% in 2 years. It's still at this ridiculous enormous peak. I don't you know what you mean by low. Are you zoomed into 1 minute?

[ragnar0k]

Did we just defeat a gigantic head and shoulder?
Or I am being too optimistic?

[Last of the V8s]

Naw. The price is way too low now. I'm calling it.

even with retracements

[TERA2]

I just don't get how something at an all time peak can be a "bottom". it's not physically possible

[Rosewater Foundation]

I just don't get how something at an all time peak can be a "bottom". it's not physically possible

[Imbatman]

Does anyone think it's interesting that the CBOE futures -- which started a month ago today --- had an opening set price at $14,800 --- It's my understanding that the first month of pricing predictions will close today at 4pm EST, and the price is hovering right around --- $14,800?

[Rosewater Foundation]

http://i.gifntext.com/cached_gif/RfAcGgzAmU.gif

What the fuck is up with that crackers johnson ? It looks like it was stung by a swarm of bees.

(sings)
 The ouzel cock, so black of hue
 With orange-tawny bill,
 The throstle with his note so true,
 The wren with little quill—


Idk.

[pfrtlpfmpf]

low? you must have the chart upside down. it's up 1400% in the last year since it broke ath, 10,000% in 2 years. It's still at this ridiculous enormous peak. I don't you know what you mean by low. Are you zoomed into 1 minute?

Yep, now i´m getting the next problem: how do i spend all that shit ?
First, you make the dosh, then you ask yourself how to spend it. It´s really hard, guys . . .
I spent all my thoughts making it, while i completely forgot how to spend it. Is there a button on my computer ?  
Buying a lambo is just to lame.

[infofront]

Update from Masterluc: https://vk.com/bitcoin_vanga

What's Bitcoin? At bitcoins there is a bearish flag for now. I do not recommend shorts - I have not yet seen a clear turn. You know how it goes here with bearish figures ...

Congratulations to the survivors of the New Year coma.

[TERA2]

good God get off your high bulls and pay some respect to Karhu

[kosse]

good God get off your high bulls and pay some respect to Karhu

http://4.bp.blogspot.com/_G_byZEXiVM0/S_Ak3ok3ngI/AAAAAAAAAKk/aueABeFh0HA/s1600/karhuIII.JPG

Aaaaah!

[Last of the V8s]

I do not regret calling Jamie Dimon a fraud.

[Rosewater Foundation]

I do not regret calling Jamie Dimon a fraud.

I'd like to acknowledge that I see what you did there.