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

[Ibian]

You know something is up when I agree with Ibian. 

Yeah.. he's been kind of on a roll, and I had to sink so far as to send him a merit....

We are going to be in more of an alice in wonderland situation if Roach starts making any sense.

Don't worry, he won't. At least not for a while. He is stuck in the rage phase.

Some people never move on from there. But it is not uncommon for it to take a few years. Time will tell.

Possibly, he enjoys the fact that he is so famous for being roached that he does not want to change his roached status and therefore his potential place in history (of being the dumbest fuck, ever)

There was mat. And the idiot before him who sold everything in the hundreds because he "saw no reason why the price wouldn't be cut in half".

There will always be another retard. Roach is nothing special.

[HairyMaclairy]

What happened to Mat the Cat?  I missed that.

[Ibian]

What happened to Mat the Cat?  I missed that.

Trolls want attention. He eventually got starved out when nobody cared about him. Unless roach is him under another name. They all look alike anyway.

[Last of the V8s]

BCash is a shitcoin just like all the other Bitcoin XXX....

Wow.  that list is getting a bit long!

Mine is substantially longer than his



and that is just the tip, as someone pointed out, not all these shitcoins like btrap are on cmc

[TERA2]

Extrapolating the bitcoin chart from the past years hasn't worked very well since 2013. You cant assume there is going to be a breakout every 2 months or 9 months or whatever.

[Last of the V8s]

What do you guys think, aren't we going to fast now ?

Yes I'm giving up chocolate.

[Wekkel]

Extrapolating the bitcoin chart from the past years hasn't worked very well since 2013. You cant assume there is going to be a breakout every 2 months or 9 months or whatever.

You mean on the upside as well as on the downside 

[d_eddie]

wishing I had 1btc for every word JayJuanGee typed

You know bitcoin has a ~21M hard limit, don't you? 

[RivAngE]

BCash is a shitcoin just like all the other Bitcoin XXX....

Wow.  that list is getting a bit long!

Mine is substantially longer than his



and that is just the tip, as someone pointed out, not all these shitcoins like btrap are on cmc

Don't you think Bytecoin belongs in this list too? It's name was probably chosen in order to lure in newcomers who wouldn't notice the difference between Bytecoin and Bitcoin.
When I first started with cryptocoins, I remember people calling Bytecoin a scam because of a big amount of pre-mine I think? Not sure.... nevertheless I see that the price has some possitive action the last months so I don't know.

[Last of the V8s]

Bitcoin has failed Mark Carney.
He gets an F for Fail. Flail. Fud.

[starmman]

Don't you think Bytecoin belongs in this list too? It's name was probably chosen in order to lure in newcomers who wouldn't notice the difference between Bytecoin and Bitcoin.
When I first started with cryptocoins, I remember people calling Bytecoin a scam because of a big amount of pre-mine I think? Not sure.... nevertheless I see that the price has some possitive action the last months so I don't know.

Bytecoin pre-mine was huge, 80% I believe, I heard a lot was given away and a lot assumed lost, considering it wasn't all dumped during one of the major pumps.

I heard it was close to being 100% mined out - I sold all mine during a pump about a year ago

IXC is a good one to add to the list - the first sidechain, still just about keeping its head above water despite being fully mined for about 5 years

[Last of the V8s]

@LeoAW https://twitter.com/LeoAW/status/965864080861904896 edited to add the link
2h2 hours ago

Kleptocurrency (n): A digital token marketed as a Bitcoin replacement used to defraud unsavvy investors and traders of their cryptocurrency savings.

[RivAngE]

Don't you think Bytecoin belongs in this list too? It's name was probably chosen in order to lure in newcomers who wouldn't notice the difference between Bytecoin and Bitcoin.
When I first started with cryptocoins, I remember people calling Bytecoin a scam because of a big amount of pre-mine I think? Not sure.... nevertheless I see that the price has some possitive action the last months so I don't know.

Bytecoin pre-mine was huge, 80% I believe, I heard a lot was given away and a lot assumed lost, considering it wasn't all dumped during one of the major pumps.

I heard it was close to being 100% mined out - I sold all mine during a pump about a year ago

IXC is a good one to add to the list - the first sidechain, still just about keeping its head above water despite being fully mined for about 5 years

Since you mentioned this... what would happen when a coin is fully mined? What if BTC survive for many more years until there is close to 0 coins to mine? In order to sustain a profitability either a lot of ASICs would have to shutdown or the tx fees would skyrocket in order for the miners to receive the fees as rewards (and technically they wouldn't be called miners anymore!)

Has this been confirmed to have happened to any other coin?

[Cassius]

Don't you think Bytecoin belongs in this list too? It's name was probably chosen in order to lure in newcomers who wouldn't notice the difference between Bytecoin and Bitcoin.
When I first started with cryptocoins, I remember people calling Bytecoin a scam because of a big amount of pre-mine I think? Not sure.... nevertheless I see that the price has some possitive action the last months so I don't know.

Bytecoin pre-mine was huge, 80% I believe, I heard a lot was given away and a lot assumed lost, considering it wasn't all dumped during one of the major pumps.

I heard it was close to being 100% mined out - I sold all mine during a pump about a year ago

IXC is a good one to add to the list - the first sidechain, still just about keeping its head above water despite being fully mined for about 5 years

Since you mentioned this... what would happen when a coin is fully mined? What if BTC survive for many more years until there is close to 0 coins to mine? In order to sustain a profitability either a lot of ASICs would have to shutdown or the tx fees would skyrocket in order for the miners to receive the fees as rewards (and technically they wouldn't be called miners anymore!)

Has this been confirmed to have happened to any other coin?

It's not a dealbreaker since miners adjust to profitability anyway.
There are plenty of proof-of-stake coins with fixed supply that only distribute tx fees as rewards. Although they don't have the same energy costs as miners there's no difference in principle in the cost/benefit analysis.

[greensheep]

BCash is a shitcoin just like all the other Bitcoin XXX....

Wow.  that list is getting a bit long!

bitcoin pizza, really??

[Phil_S]

So... its not 90 days!

Speaking of 90 days... about 3 months ago (at $8000) I made this graph:

https://bitcointalk.org/index.php?topic=178336.msg25059660#msg25059660

Now it looks like this:



Same lines as before, red line: double in 270 days, blue line: double in 90 days.

We might reach $16000 on schedule, this time.

[conspirosphere.tk]

We might reach $16000 on schedule, this time.

[Phil_S]

Then again, masterluc endorsed this theory:



I guess we'll see.

[sirazimuth]

BCash is a shitcoin just like all the other Bitcoin XXX....

Wow.  that list is getting a bit long!

Long? Are you kidding? It’s just getting started!
I’m just waiting for Bitcoin Buffalo Bollocks.
Should be out in a day or two anyway, then
I’m all in and I’ll mine the fuck outta that bad boy....

[RivAngE]

BCash is a shitcoin just like all the other Bitcoin XXX....

Wow.  that list is getting a bit long!

bitcoin pizza, really??

I prefer my pizza "clashic"!