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

[cAPSLOCK]

Pages are artificially scarce. Even if the users run out of posts they are willing to dump, a mod could jump and just start deleting posts himself.

Didn't Rpietela already fork the WO thread and create Theymos' actual vison for the WO thread?

[serveria.com]

Bittard waiting for BTC price to go down for him to rebuy....

[Sitarow]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

3 Pools that  can quickly be abandoned by miners for other pools.

Takes moments to do.

[Torque]

Pages are artificially scarce. Even if the users run out of posts they are willing to dump, a mod could jump and just start deleting posts himself.

Didn't Rpietela already fork the WO thread and create Theymos' actual vison for the WO thread?

In the Socialist/Communist NWO coming soon^TM, an effort will be made to eradicate all online shitposting. "Freebanding" will become illegal. Every social media and forum will have a "token" that you have to purchase first and spend for every post you make.

"A penny for your thoughts?" Nah, it'll cost you more like $0.30/post + yrly inflation.  

[Jacques_Bittard]

I should probably also point out that the the electricity consumption debate on BTC is being magnified by the media. The data centers of the olympics consume way more than Bitcoin does, but ofcourse we don't pay any attention to that. If you hear the media talking about electricity consumption try for yourself to atleast get a frame of reference on what such consumption means. They're just comparing it to countries but what about certain data centers and payment solutions? How does it compare to those? How does it compare to an industrial complex? Those are the things you don't hear. Everyone is just salty for not buying BTC for pennies (   )  

This is a popular form of whataboutism, that I have heard here before. People trying to justify the costly nature of bitcoin by comparing it to the incomparable. Just like you did here, by comparing the worlds nr1 athletic event with 3,6billion viewers to a speculative digital asset and with maximum 5 million active users.
The costs of running the bitcoin blockchain should be compared to the comparable - meaning to the costs of other blockchains!

No other blockchain is comparable to Bitcoin, because no other blockchain is decentralized, and in the end, that's all that really matters.

At first, bitcoin blockchain is centralized around pools. 3 pools are enough for a 51% attack. That makes bitcoin as centralized as most and more centralized then some.
Second, centralization will only matter to low educated millennials, who are dumb enough to actually believe the "bitcoin vs fiat" sales pitch BS narrative. In the real world of fiance and economy, what counts is efficiency, not fantasy.

3 Pools that  can quickly be abandoned by miners for other pools.

Takes moments to do.

In all honesty, I myself have always considered a 51% attack on any PoW or PoS coin a very low key threat. I was just replaying to the previous poster on why bitcoin isn't special in decentralization.

[jojo69]

I really don't like the looks of this.

[Vlada69]

The Goldman Sachs technical analysis team led by Sheba Jafari has recently made another bitcoin price forecast and believes that the price of this mainstream cryptocurrency is likely to create a new low since February.

On Sunday, the team warned users that bitcoin sales in the next wave of the market will cause its price to reach its lowest level since February, at $5922. They believe that the triggering of this sell-off may be bitcoin prices falling below the short-term support at $9,210.

"This fall is very important because it implies a possible sudden crash in the future," Jafari said. Her team warned investors to pay attention to bitcoin prices: The

next notable drop was from $7,667 to $7,198.
This decline is indicative of structural damage and is likely to create a new low price (<5922 US dollars). At this time, we need to return to 9322 US dollars (the price on February 26 this year) as soon as possible to stabilize the price.
As director of Goldman Sachs' Technology Strategy Department, Jafari is known for criticizing Bitcoin. Last July, Jafari said bitcoin may fall to $4,000 at the end of the year. By November, when Bitcoin’s price reached 7,000 U.S. dollars, Jafari predicted that the currency could hover around 8,000 U.S. dollars before continuing to rise.

As a result, the price of Bitcoin rose to 20,000 U.S. dollars in December last year, and fell to a minimum of 6048 U.S. dollars in February this year. Experts believe that the reason for the decline in the currency price is likely to be that Mt. Gox lawyers and bankruptcy administrators sold $400 million worth of Bitcoin.

[Paashaas]

People buying up Halong Dragonmint mining gear and it's already starting to eat market share from the Chinese mining cartel, which is a good thing for decentralised mining.

Bitmain lost 10% market share in 5 days last week after Halong released their gear while Slush gains more share and blocks.

Jihan is losing his mining monopoly!

[mike4001]

Yay, someone dumped again

Below 9k again

:-/

[d_eddie]

In the Socialist/Communist NWO coming soon^TM, an effort will be made to eradicate all online shitposting. "Freebanding" will become illegal. Every social media and forum will have a "token" that you have to purchase first and spend for every post you make.

"A penny for your thoughts?" Nah, it'll cost you more like $0.30/post + yrly inflation.  

Well but then "good posters" (whatever the term will have turned out to mean) will ask the site for compensation exceeding the posting fee by a good multiple. I'm thinking mainly of social networks that extract value from clueless cows, such as Facebook - not specialized discussion forums such as this.

[LFC_Bitcoin]

Yay, someone dumped again

Below 9k again

:-/

$8850 on Stamp now, somebody really doesn’t want the price to rise

[BlackSpidy]

*collects tears when everyone are busy crying*

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

[Melupira89]

Bet More

[JayJuanGee]

Damn!
I missed the 20000th page posting fun! Ok, now I want 20k$ soon!
damn

I have a bad feeling that the page count of this thread is going to be larger than the bitcoin price for a long time...

You party poop!!!!   

[Jacques_Bittard]

*collects tears when everyone are busy crying*

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

If you are collecting bitcoins now, then I'm afraid that you might be a little too quick on your feet. I came here today because I sensed a cloud of tears and I don't see any light to blissful happiness yet.

[Hueristic]

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

Just another form of an attack is probably a 3 letter agency adding them for future ammo.



So BTC Pump incoming with this 300 million new tether?

[JayJuanGee]

Is this worrying to any of you veterans?

http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

I'm usually able to shrug off MSM bitcoin FUD but this makes me nervous.

I don't think that government regulations will pose a real threat anytime soon. They know for years already, that bitcoin is mostly used for illegal activities like drugs and child porn, but they aren't doing anything about it. They're possible the same people, who profit most from all this money laundering and the creation of a make-believe industry, that adds value to their fiat money. If they really wanted to stop this, then all of this would be worthless in a month.

And how would they accomplish making "all of this" worthless in a month?   

[JayJuanGee]

a few months ago...

Good for you! It's not all about lambos.

I have a warm feeling in my pants about the current situation. I think this might actually go somewhere.

How come you have ETH in your username?  Are you a recovering mETH head, trolling the BTC channels, diversifying into BTC or already converted away from that bullshit 14 year old snot-nosed scam stuff?

[JayJuanGee]

Jimbo and Jojo got together?

That selfie is so 4 years ago.. helrow?  

[doc12]

*collects tears when everyone are busy crying*

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

If you are collecting bitcoins now, then I'm afraid that you might be a little too quick on your feet. I came here today because I sensed a cloud of tears and I don't see any light to blissful happiness yet.

Is this roach or a new fucktard in this thread? (Jacques)