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

[sam_ti_dyatel]

Interesting fact : France, Italy and Deutchland combined have as much gold as America : 8.5 T

Russia and China are still far behind with barely 2T each

America has alot more in the ground ~ just sayin :-D g'morning sir*

But nobody likes America 

[Toxic2040]

Interesting fact : France, Italy and Deutchland combined have as much gold as America : 8.5 T

Russia and China are still far behind with barely 2T each

America has alot more in the ground ~ just sayin :-D g'morning sir*

But nobody likes America

ftfy

[Last of the V8s]

мoлoдeц

[AlexGR]

Looking at the beecash blocks that some times are 1mb, 2mb, 4mb or 7.9mb (mempool is full, and the network should be producing only ~7.9mb blocks), I was wondering what type of algorithm the miners use to decide this. Apparently it happens "randomly" even though miners set it at 8mb fixed... lol?

https://github.com/Bitcoin-ABC/bitcoin-abc/issues/156

https://twitter.com/verretor/status/952901265402589184

Plenty of trolling going on...

[OWZ1337]

Interesting fact : France, Italy and Deutchland combined have as much gold as America : 8.5 T

Russia and China are still far behind with barely 2T each

America has alot more in the ground ~ just sayin :-D g'morning sir*

But nobody likes America  

chill out bro~ we are making it great again..stay tuned ha

[Last of the V8s]

Looking at the beecash blocks that some times are 1mb, 2mb, 4mb or 7.9mb (mempool is full, and the network should be producing only ~7.9mb blocks), I was wondering what type of algorithm the miners use to decide this. Apparently it happens "randomly" even though miners set it at 8mb fixed... lol?

https://github.com/Bitcoin-ABC/bitcoin-abc/issues/156

https://twitter.com/verretor/status/952901265402589184

Plenty of trolling going on...

It's ok because they're moving to quasi-closed source software https://twitter.com/bhec39/status/952940466290425856

@Bitcoin___Cash
2m2 minutes ago
Replying to @bhec39 @deadalnix @ChrisPacia

This was supposed to be a secret we needed a way to get rid of deadalnix after the EDA fiasco then calling rank on the DAA, them embarrassing us by being called out by jimmy song and now seems the blocks are randomly changing sizes and he has no clue you have to understand why

[Ibian]

It's so weird that kraken is a functional trading platform now. Woke up to someone wanting me to sell their btc for them, made a few hundred bucks before I was fully awake. And it didn't take an hour of frustration for once.

[jojo69]

best comment

idk how you cannot laugh your ass off at this. looks like rihanna wrote their code for fucks sake

[JayJuanGee]

Imagine buying bitcoin today and then pretending it will even exist at all in 15 years.

imagine holding 1000s of bitcoin then selling it all for gold and silver in 2012 . now left trolling WO thread  like some sad bitter lonely fucked up Billy no mates looser

I thought that Roach did his fire sale trade of BTC into PMs, such as gold and silver, in about early 2016-ish - but still, similar results as doing the same in 2012, which is that bitcoin has performed way better than PMs, such as gold and silver.

On the other hand, there is still time to get back into bitcoin, even though Roach (and any other traditional PM pumping dumb asses like Peter Schiff)  already lost a whole hell of a lot of opportunity - something like 30x since early 2016, no?

[itod]

Imagine buying bitcoin today and then pretending it will even exist at all in 15 years.

imagine holding 1000s of bitcoin then selling it all for gold and silver in 2012 . now left trolling WO thread  like some sad bitter lonely fucked up Billy no mates looser

I thought that Roach did his fire sale trade of BTC into PMs, such as gold and silver, in about early 2016-ish - but still, similar results as doing the same in 2012, which is that bitcoin has performed way better than PMs, such as gold and silver.

Poor idiot did it in 2012 for peanuts. If he sold his thousands of BTC in 2016 he would not be shilling 24/7 here for stupid silver, trying to make a few bucks by raising the silver price by a percentage.

[jbreher]

It's ok because they're moving to quasi-closed source software https://twitter.com/bhec39/status/952940466290425856

Ummm... you realize that the project quoted in that tweet has nothing whatsoever to do with any of the leading implementations of Bitcoin Cash clients, right?


Meanwhile, a rather balanced compare & contrast. From Vinny Lingham, even. whowouldathunkit?

https://vinnylingham.com/a-tale-of-two-bitcoins-20375d49d3d3

[STT]

Something like 1% is rational allocation

1% has never been a rational allocation to metals.  The standard was 10% in the past, but most money managers are raising that to 30% lately because it's an obvious inverse bubble and asymmetric trade, along with all govts and monetary systems being disasters.  If you believe the debt bubble implosion is imminent, then you would obviously go much higher.  The whole purpose of random boomercucks hedging to metals is so that if your paper assets blow up, the metals act as insurance to make you whole again.

Depending on post-revaluation GSR, you would probably need something like 5% of your net worth in silver, or 10% of your net worth in gold.  If GSR returned to old historical levels, then you might be able to get away with as little as 3% of net worth in silver.

For average person I say 1% because the correct time frame is ten years.   People are impatient and also unrealistic, people gamble their revenue not profits when they know they have a big tax bill coming and actually alot of the bank balance is not theres come bill paying time.

Its coming upto 10 years since we thought all this would be over and its not.   Gold hasnt been a bad place to store value over the last ten years but its not really blown up as expected either.    Its not that Im bearish on the idea but liquidity is a problem for most and so the idea of 30% is a problem, its gambling which is oppisite to holding gold as a hedge to stability.     It could force people to sell at the wrong price and thats why people think gold is outdated when its just very slow moving.

I did used to post on a forum with a silver bug, this was before it went to $50 and they were making reference to house pricing and how at the bottom you could exchange 1000 ounces for a family home.     Theres all sorts of ratios,  oil to gold, silver to gold, interest rates vs inflation and I think ratios probably says more then just one figure

The Dow in gold ounces is another one and today the Dow is 26000 and gold is not even 10% of that.    So the bottom pricing there if I remember right, the lowest bearish scenario is 1 gold ounce to buy the Dow.
People immediately say or think well thats dam stupid and impossible, fools gold.    Its likely to repeat and its happened in 'recent' history, I think 1980 we had this.

Big events Carter, fallout of Nixon, failure of the gold standard and a strange failing economy.  And also gov debt rates in the double figures, so blood on the streets scenario.   Now we're at the polar oppisite, I do agree it'll repeat.

The relevance to Bitcoin is to also consider it in ratios more I think, it increases accuracy and reigns in pointless hype.   The 2008 housing problem could have been seen more clearly earlier if comparing house price to rental price as a ratio to show value, not presuming asset appreciation but considering value.    Now for Bitcoin, I think value is Sat/byte in ratio to speed perhaps and then contrast it vs other crypto contenders and of course account for mass transactional volume.  Does Visa beat Bitcoin for cost, speed and volume, I do think these are the measures to watch for an influence to macro moves in price and market interest.

[UnDerDoG81]

Sideways is boring, cmon we need drama we re addicted to that 

[JayJuanGee]

Imagine buying bitcoin today and then pretending it will even exist at all in 15 years.

imagine holding 1000s of bitcoin then selling it all for gold and silver in 2012 . now left trolling WO thread  like some sad bitter lonely fucked up Billy no mates looser

I thought that Roach did his fire sale trade of BTC into PMs, such as gold and silver, in about early 2016-ish - but still, similar results as doing the same in 2012, which is that bitcoin has performed way better than PMs, such as gold and silver.

Poor idiot did it in 2012 for peanuts. If he sold his thousands of BTC in 2016 he would not be shilling 24/7 here for stupid silver, trying to make a few bucks by raising the silver price by a percentage.

Ok.  My baaaad.

I had the impression that when Roach started posting on this forum in late 2013, he was pro-bitcoin, and providing pro-bitcoin ideas in his earlier posts.

Either my memory is mistaken, or I misunderstood some of his earlier posts.

In any event, we understand that the Roach turd is currently butt hurt in regards to bitcoin and spreading a shit-load of disinformation, misinformation and distraction in order to pump PMs and apparently talk folks out of their more prudent bitcoin holdings.

[d_eddie]

Now for Bitcoin, I think value is Sat/byte in ratio to speed perhaps and then contrast it vs other crypto contenders and of course account for mass transactional volume.  Does Visa beat Bitcoin for cost, speed and volume, I do think these are the measures to watch for an influence to macro moves in price and market interest.

Q. What's Visa's speed, volume and cost (cost dollars/moved dollars) for uncensored transactions?
A. Speed = 0, volume = 0, cost = infinite.

Note the costraint: uncensored is key.

Different leagues. Apples and oranges. You get juice anyway, but straight up comparison is misleading.

[Elwar]

In any event, we understand that the Roach turd is currently butt hurt in regards to bitcoin and spreading a shit-load of disinformation, misinformation and distraction in order to pump PMs and apparently talk folks out of their more prudent bitcoin holdings.

If the dude is looking to pump PMs, he's really doing it in the wrong place.

Sure has a lot of time on his hands.

Ironically I was more pro-PMs before reading Roach's posts.

[J. Cooper]

Sideways is boring, cmon we need drama we re addicted to that 

It's getting a little bit weird at this point. Since I joined this space there have rarely been periods (atleasy periods that lasted this long) where bitcoin was going kind of sideways in a slightly bearish fashion. Of course we can't forget the gains we've had last year but it still feels so not like bitcoin.

[jojo69]

actually, I'm fine with a sideways channel 13000-17000

this is beyond my wildest fantasies for this time frame

and the "bubble" scenario looks less and less convincing by the day

[JayJuanGee]

In any event, we understand that the Roach turd is currently butt hurt in regards to bitcoin and spreading a shit-load of disinformation, misinformation and distraction in order to pump PMs and apparently talk folks out of their more prudent bitcoin holdings.

If the dude is looking to pump PMs, he's really doing it in the wrong place.

Sure has a lot of time on his hands.

I'm likely as much of a sceptic as any of us regarding any of the seemingly obvious trolls in this thread, and perhaps framing of Roach's goals give him way too much benefit of the doubt in regards to a supposedly legitimate agenda to pump PMs and to perhaps believe that there is some audience here that is receptive to such PM pumping.  

Surely, your implication is likely correct that Roach's main goals are merely to denigrate bitcoin, distract thread participants from meaningful bitcoin discussion which could result in either readers being misinformed about bitcoin, frustrated about bitcoin, less likely to purchase bitcoin or more likely to sell more of their bitcoin holdings than they otherwise would.

I don't have a whole hell of a lot of sympathy for the plights of trolls - nor am I willing to read too many of the details of their attempts at substantively distracting posts, but I don't necessarily consider it to be prudent to completely ignore them and to me there seems to be some need to point out the bullshit of trolls from time to time... which I recognize most  people here already agree that Roach is at least 90% full of shit, and perhaps reasonable, normal and tolerable full of shit (for any of "us" normies), should be less than 30% full of shit... hahahahahaha..  

I personally place myself at less than 10% full of shit, but I might be a tinie, tiny bit biased towards my own self assessment ... so part of my point is that 90% or more full of shit peeps, such as Roachie poachie, is just way too much full of shitness in terms of making any kind of meaningful thread contributions and needs to be rebuffed, from time to time.

[flynn]

Sideways is boring, cmon we need drama we re addicted to that 

It's getting a little bit weird at this point. Since I joined this space there have rarely been periods (atleasy periods that lasted this long) where bitcoin was going kind of sideways in a slightly bearish fashion. Of course we can't forget the gains we've had last year but it still feels so not like bitcoin.

Hmm like the 2014-2015 period ...