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

[Anon136]

mBTC looks good.  I have to say using Bitcoin for small value purchases is way too hard.

Personally, I like btc, but fully admit that it is difficult. Have to check my zeroes a couple of times.
mBTC would be fleeting too if btc increases 10-100X
We should get to satoshis at $0.01-1.00, then everything would be easy  

I really feel like the whole mBTC and uBTC thing is wrongheaded. We shouldn't be thinking about it as fractions of BTC. We should be thinking in terms of satoshis and building up. Like bytes in computing vs the metric standard. Kilosatoshi (kSat), Megasatoshi (mSat), and Gigasatoshi (gSat), ect... It's so much more natural to think in terms of multiples than fractions. Plus we are much more the spiritual successor of the computing standards than the metric standard. 1 kSat soon to hit 0.1 USD!

With btc increasing about 10X from today, I see it too.
At btc $100K:

Hiring a new developer "Q: What is your current monthly compensation? A: Twenty mega[Sat]s...
Sat is silent, of course.

Haha 20 mega sounds awesome.

[Elwar]

What do you prefer?

1st row: Bitcoin
2e row: Bits
3e row: mBTC
4e row: Satoshis

In the US and Europe we have one way of thinking when it comes to dollars and euros which we think is the natural way of thinking of prices.

Other places I have lived the currency is such a tiny denomination that having a million of the currency isn't that big of a deal.

In French Polynesia it's about 100 francs to the dollar. I guess it's natural for the locals but I always look at the price and think of it in terms of pennies (moving the decimal two places to the left to see the dollar denomination).

The key though is that no country's currency is as valuable as bitcoin so it's unnatural for everyone to think in terms of .00001 etc.

Satoshis would satisfy many countries and slowly evolve so it's more natural for US and Europe. The dollar and euro will be like the rest of the world's currencies eventually anyway.

[RewFrew]

lol from boats talks yesterday to 1 satoshi= 1 Dollar today.

bullish talks are more than exponontial there.

[HairyMaclairy]

Devaluation is fairly common.  Just arbitrarily move the decimal point two spots over.

[mindrust]

What do you prefer?

1st row: Bitcoin
2e row: Bits
3e row: mBTC
4e row: Satoshis

It is either btc or satoshi for me. I don't understand a damn from the others. There is no need to confuse people further neither. Wtf is bits? Who came up with this shit?

It was always bitcoin or satoshi. I'm sticking to those.

[JayJuanGee]

Just there to make my message quota of the day.

sigs don't show here, doesn't count toward your quota

#SadTrombone

Hey, @micgoossens: Honey Badger has a positive message:

I am looking forward to WO page count as a support level.  Maybe by this time next year, or perhaps no later than 2021?  Perhaps 2021 will have support in the $30k arena? Too wishful, or no?

[Elwar]

What do you prefer?

1st row: Bitcoin
2e row: Bits
3e row: mBTC
4e row: Satoshis

It is either btc or satoshi for me. I don't understand a damn from the others. There is no need to confuse people further neither. Wtf is bits? Who came up with this shit?

It was always bitcoin or satoshi. I'm sticking to those.

I used mBTC for the longest time even when the price was around $100 because I always assumed that one day the price would go to $1000 and one mBTC would equal $1.

[JayJuanGee]

holy ETH pump batman

I think because Vitalik won some kind of award.
https://bitcointalk.org/index.php?topic=3452619.0

Or maybe the news of it being a non-complaint security must of got over turned.
Cause it rising over $60 out of nowwhere is not ethereum like.

Both Ethereum and Bcash are being pumped significantly.  There could still be an adverse ruling against ETH inspite of this pump and maybe even there could be an expectation that there would be an adverse ruling against Ethereum is part of the reason for the current pump?  Difficult to know for sure, except maybe to see what happens in a few weeks if an adverse decision were to come out. 

[Elwar]

Devaluation is fairly common.  Just arbitrarily move the decimal point two spots over.

Get ready for my devaluation fork coming soon(tm).

This won't be your typical fork, converting your coins will be easier.

I will give you an address to send your bitcoins and I will send you .01 fork coins back which will now be called 1 bitcoin.

[Sitarow]

holy ETH pump batman

I think because Vitalik won some kind of award.
https://bitcointalk.org/index.php?topic=3452619.0

Or maybe the news of it being a non-complaint security must of got over turned.
Cause it rising over $60 out of nowwhere is not ethereum like.

Both Ethereum and Bcash are being pumped significantly.  There could still be an adverse ruling against ETH inspite of this pump and maybe even there could be an expectation that there would be an adverse ruling against Ethereum is part of the reason for the current pump?  Difficult to know for sure, except maybe to see what happens in a few weeks if an adverse decision were to come out. 

Notice the dumping of EOS and DASH traded for ETH.

[Last of the V8s]

What do you prefer?

prefer we smash up all that wasteful useless shit

[Globb0]

Well, that's a grand way to wake up. tyvm bitebits, thoroughly undeserved. Caught up with merit-giving yay.
Now the race is on between me and TMAN to become the first (+500merits) legendary under the merit regime.
He deserves it, because he participates in the forum as a whole (or not lol), and he's been around 2 more years, but it's up to theymos' randomness thingy now.
There should be a helisub level for serious OG's, say 2012 or before, and lamboat for 13-14.

I thought that ship had already sailed, and Lutpin already made legend under the new system.... ?


There are also a lot of other ranks that had ranked up through the new system too.

On a related note, there do seem to be quite a few inconsistencies in the new system (adding in merit as one of the requirements to rank up), so in that regard, it remains interesting (and perhaps a gossip point) to watch how theymos might be tweaking they system more in the future.

To me, it does seem that a better system would include to vastly increase the number of merit sources (and maybe have a kind of algorithm that would cause a vastly higher number of merit sources - with human oversight too) in order that maybe thousands of members become merit sources rather than our current low number of merit sources (which is currently at 79), but what do I know? just quasi-random ideas on the topic that were triggered by you, V8...

The source bit is painfully slow to replenish. Spend a few merit wait 30 days. I wasn't even sure they were coming back.

Its a tiny tap. Turned off a lot.

[El duderino_]

Just there to make my message quota of the day.

sigs don't show here, doesn't count toward your quota

#SadTrombone

Hey, @micgoossens: Honey Badger has a positive message:

i could live with that
what a green stick would that be, even honeybadger would look to that one

[El duderino_]

... and so begins the slow climb to $10k this evening. Gonna pull something sanitized out of my ass and call it by mid next-week.

I feel it deep in my scrotum.

let it be a right feeling and you can go on as a price caller prophet . 

[Last of the V8s]

[realsteelboy]

Anyone had any luck in claiming shit coins?

I was looking after my own BCH and BTG and have just come back to it and feel there must be a service that does all the work for you that has built up some trust already.

What i am after is giving the private keys to someone for a wallet that has had BTC, BCH and BTG removed and then them giving me back all the value in shitcoins back in BTC. (minus a fee obviously)

Anyone have any experience with something like this?

Thanks

[bitserve]

Anyone had any luck in claiming shit coins?

I was looking after my own BCH and BTG and have just come back to it and feel there must be a service that does all the work for you that has built up some trust already.

What i am after is giving the private keys to someone for a wallet that has had BTC, BCH and BTG removed and then them giving me back all the value in shitcoins back in BTC. (minus a fee obviously)

Anyone have any experience with something like this?

Thanks

There is. And have been posted a few times to this very same thread. Fees range from 5% to 10%. Some trust feedback that looks good. I have never personally used it.

About my personal experience claiming shitcoins.... I have only done the ones supported by ledger wallet (BCH, BTG, ..)

I will probably do the "third party" claiming some time in the future for the remaining shitcoins. It is just that I am into other things right now and have no hurry.

[realsteelboy]

Any idea of the name? I havent been following this thread quite as much as I used to and they're quite a few pages to look through. 

[RealMachasm]

Anyone had any luck in claiming shit coins?

I was looking after my own BCH and BTG and have just come back to it and feel there must be a service that does all the work for you that has built up some trust already.

What i am after is giving the private keys to someone for a wallet that has had BTC, BCH and BTG removed and then them giving me back all the value in shitcoins back in BTC. (minus a fee obviously)

Anyone have any experience with something like this?

Thanks

This place https://dig.walleting.services/#/ does a decent job although the fees are a little high.
Also it will just send the forked coins to an address of your choosing and not change them for you to BTC so you have some legwork to do.
Alternatively, there is a reddit user named Camku or canku who I have used who will do all the conversions for you and send you BTC to an address of your choosing.
He is reliable and I have used him for forks that are somewhat more obscure. He charges 10%.
Hope this helps.

[toknormal]

Trading into a corner. What happens at the corner ?