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

[Arriemoller]

So, I thought I would be on topic for once.
Here’s my speculation.

I predicted/guessed that we would end last year on about 10 000 USD. (And this year on 80 000).
We did end on about 20 000 USD, so was I wrong?
Well, yes, objectively, but if you factor out the enormous FOMO in the end that made us go superexponential and just continue the more relaxed exponential growth you would have ended up on about 10 000 USD.

If we had gone down to the 6000 territory in January from 10 000 instead of 20 000, the dip would have seemed as a totally normal December dip.

So in my view the enormous spike and the enormous dip that followed was an anomaly that should simply be ignored.
If we look at it as a dip from 10 000 instead, the recovery we are seeing now is quite normal and we will see 20 000 in a couple of months, followed by 40 000 three to four months after that and 80 000 by years end. Unless of course there is another end of year FOMO, in which case we might go to 120 000 or more followed by another super dip in January.

This year I will try to sell in December and by back in January.

[JayJuanGee]

JJG, you sure are are having bad luck with exchanges. Was it your account that brought down Gox? (joking).

I do think that the more active that you are in the cryptospace, the more experiences that you are going to have which likely increase possibilities for issues to come up, whether exchanges or otherwise, so I don't mind sharing some of my experiences to the extent that they may be helpful to others (or myself), which might make the quantity of my issues seem higher in proportion than they are. 

For example, if you completely keep your BTC off exchanges and you do not engage in bitcoin related activities, then likely you will have fewer issues, besides just forgetting how to use bitcoin, perhaps?

It seems that I was sufficiently lucky NOT to lose any money in Gox based on my late 2013 entry into bitcoin, and I was not quite at the point of sending money to GOX before they collapsed in February 2014. 

I registered my account here in late February 2014, after Gox; however, I recall that on other bitcoin threads there were several folks posting about how they were planning to send money to Gox for arbitrage opportunities - and fuck, I suppose that many of those folks would have lost their money, if they had sent it in late 2013 or early 2014.

[Arriemoller]

I guess nobody cares about this: http://money.cnn.com/2018/02/11/investing/lagarde-bitcoin-regulation/index.html

Wow was 8000 the new bottom retest?

Where’s Smokey the Bear?

Maybe that IMF statement was too pathetic sounding?

Why would anybody give a rat's ass about regulation when decentralized exchanges are on the horizon? For the very first time in history regulators won't be able to dictate their rule upon citizens.

Decentralized exchanges need fiat on/offramps too, so they can be choked or leashed by regulation. That's the one issue that still makes me give a ratt's ass.

But wouldn't that be peer to peer also? Ie a private person sending money to another private person through Paypal or SEPA or Swish or whatever. Impossible for any bank or government to connect with a selling or buying of crypto.

[JayJuanGee]

Sorry Jay, I wasn't really mocking you, more just commenting on the scandalous, embarrassing and infuriating state of affairs with the exchanges.

O.k.  I take everything meanie back too... and I suppose that we should make up now?

I mean seriously, their business model is almost entirely automated, they are skimming percentages off of BILLIONS...and they can't be bothered to adequately scale or maintain reasonable customer support.

It is really, deeply, unsatisfactory, and I can not wait until we can put these gatekeepers behind us.

Seems like it is going to take a while to compete some of these exchanges out of the market, whether that is the creation of decentralized exchanges or some other remedy to decrease the third party exchange difficulties.

[Arriemoller]

AI = Artificial Intelligence. Means it is fake intelligence.

Means, the real intelligence can still out smart it. Thus humans will control machines for a long time. Up until they are self-replicating, self-repairing, self-sustaining, and self-aware.

Humans are self-replicating, self-repairing, self-sustaining, and self-aware, and we can control them.
I think we can control robots too in the future, after all, they need energy and if we pull the plug they die.

[Paashaas]

Microsoft is getting the bigger picture 

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale. To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system

https://cloudblogs.microsoft.com/enterprisemobility/2018/02/12/decentralized-digital-identities-and-blockchain-the-future-as-we-see-it/

[Elwar]

Microsoft is getting the bigger picture 

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale. To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system

https://cloudblogs.microsoft.com/enterprisemobility/2018/02/12/decentralized-digital-identities-and-blockchain-the-future-as-we-see-it/

[moneyForjam]

lets see if what happens at 8530

[explorer]

AI = Artificial Intelligence. Means it is fake intelligence.

Means, the real intelligence can still out smart it. Thus humans will control machines for a long time. Up until they are self-replicating, self-repairing, self-sustaining, and self-aware.

Humans are self-replicating, self-repairing, self-sustaining, and self-aware, and we can control them.
I think we can control robots too in the future, after all, they need energy and if we pull the plug they die.

Battlestar Galactica.

[explorer]

via Imgflip Meme Generator

[mymenace]

Microsoft is getting the bigger picture 

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale. To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system

https://cloudblogs.microsoft.com/enterprisemobility/2018/02/12/decentralized-digital-identities-and-blockchain-the-future-as-we-see-it/

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.

[HairyMaclairy]

I am told that RSK is still a year away. 

[Anon136]

Means, the real intelligence can still out smart it. Thus humans will control machines for a long time. Up until they are self-replicating, self-repairing, self-sustaining, and self-aware.

We only have to get to the point where machines are better than humans at improving the design of machines. That's when the trend takes off like a rocket. Like a chart of bitcoin in 2017. All bets are off when that day comes.

[cAPSLOCK]

I am told that RSK is still a year away. 

Good.  Let's get this stuff right.

“I accidentally killed it.”

[Elwar]

I am told that RSK is still a year away. 

Their mainnet genesis block started in January.

[moneyForjam]

So who goes to the gym here....at a guess I would say cAPS, and BobLaw, and maybe JJGee

https://www.rt.com/news/418612-malaysia-gay-detector-list/

[TERA2]

So who goes to the gym here....at a guess I would say cAPS, and BobLaw

https://www.rt.com/news/418612-malaysia-gay-detector-list/

I went to the gym 6 days a week , 2 hours a day, for 15 years. I was practically an athlete. Until I become chronically ill and lost all the gains before my eyes in 1 year. Overtraining may have let the disease take over, and bad form screwed up my back. Fuck the gym.

[moneyForjam]

So who goes to the gym here....at a guess I would say cAPS, and BobLaw

https://www.rt.com/news/418612-malaysia-gay-detector-list/

I went to the gym 6 days a week , 2 hours a day, for 15 years. I was practically an athlete. Until I become chronically ill and lost all the gains before my eyes in 1 year. Overtraining may have let the disease take over.

hrmm..there seems lots of homo athletes around lately
but seriously, being fit is for kings..no homo
illness is a lifestlye too

[TERA2]

Sometimes guys mistake a public gym for a bathhouse and hit on you there or stare at you in the sauna. Even annoys gays.

[moneyForjam]

Small consolidation before more bear action