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

[jojo69]

on like Donkey Kong in the Golan

[Rosewater Foundation]

Good evening, Bitcoinland.

[Hueristic]

Just some interesting things I am looking at today.

Have not tried this but it might be something to look into.
https://hackernoon.com/how-to-setup-bitcoin-historical-price-data-for-algo-trading-in-five-minutes-485cd5a0b3ed...

Basing current BTC futures on historical data is a mistake, futures Markets and institutional investment has changed the trajectory to the point all that data is irrelevant. If I had the capitol I would be using that data as traps so i'd assume they are.

[infofront]

My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.

[Hueristic]

My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.

Do the hard sell.

[UnDerDoG81]

Something is cooking. Might be a good year for bitcoin. Google trends shows not much interest but I am very bullish.

[mymenace]

Something is cooking. Might be a good year for bitcoin. Google trends shows not much interest but I am very bullish.

May 8th

https://www.cnbc.com/video/2018/05/08/wall-streets-embrace-of-bitcoin-will-help-boost-the-cryptocurrency-trader-says.html


Nothing cooking

[Elwar]

My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.

Tell her to buy and hodl!

[Anon136]

How do people send bitcoin over email these days? You used to be able to use blockchain.info or coinapult to send bitcoin to newbies back in the day but blockchain.info appears to have removed the option and coinapult appears to be no longer supported.

[cAPSLOCK]

\

Agree with most of that except the opening. Dash is nothing like Monero and not trying to be.

You are absolutely right:
Monero is decentralized, fairly distributed, without a premine, and truly private.

Dash is none of those.

But this is a bitcoin thread.  I am probably one of the biggest proponents of Monero, but in here I stick to BITCOIN.  Monero is one of the VERY few actually decentralized altcoins with utility.  It will survive as a child of BTC along with Litecoin, and... and... well there *could* be no others.

[Toxic2040]

I have trouble believing 9% of the US population owns crypto.  

That’s 30 million people.  Coinbase has 11 million active users including a large proportion of foreign users.  So maybe 9 million US users which is 2.7% of the population and instinctively feels more realistic.

There are other on ramps/off ramps besides Coinbase but I agree that the numbers seem high. Most likely due to what is mentioned below.

They surveyed 29,000 people from all over the world who are internet connected. That's actually considerably more than the average survey but still a pitifully small spread. A significant proportion of Americans probably believe the internet harbours Satan.

 I've never understood why anyone pays attention to surveys unless they personally visit every single person in the country. Pollsters can kiss my silky buns too.

Leading questions or just the wrong questions tend to make polling suspect imho as well. I do think that it gives a decent probability range however.

Those stats are pure bullshit.  Not a chance 50% of the world is knowledgeable about crypto.  Only a small percentage of woman are into crypto, which just about destroys that stat.
I would guess less than 2-5% of North Americans could explain what Bitcoin public and private keys are and how they are used.  I would consider that topic crypto 101.

Again..most likely its a number related to persons with a certain degree of technical savvy and a internet connection.

Some of the stats are accurate however.  Such as women and men in Asia more equally holding crypto and knowledge of.
I still find studies like this interesting even if the results are skewed.  One thing for sure... its a growing space!

+1 WOsMerit   I am unsure if it is traumatic bonding or what..but it feels surreal at times hearing and seeing it mentioned daily on major media outlets.

This might be your culprit:

internet-connected respondents

A lot of rural and older people don't really use the internet. Same with children, and I doubt the indigent are responding to surveys like these. How they define "internet-connected respondents" must inflate the numbers; it sounds like a more tech-savvy crowd than average. I saw a recent survey that said 5% of the U.S. population owns some cryptocurrency. Even that sounds like too much.

+2 WOsMerits  Well said

Basing current BTC futures on historical data is a mistake, futures Markets and institutional investment has changed the trajectory to the point all that data is irrelevant. If I had the capitol I would be using that data as traps so i'd assume they are.

I was more interested in the machine learning and potential AI use aspect of it but I tend to agree with you somewhat. I pointed it out because there has been some interest in bot trading previously in this thread.

My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.

There are many asking about bitcoin from unexpected angles. That is awesome.did you ask her how she heard of it?   ..I hope I can remember what day it is when and if I reach that age.


Having a hard time tracking this info down..  Has bitcoin previously been on the front page of the NYT? I know there have been quite a few articles but this is the first time I recall it being FP.

[Elwar]

It is interesting going back to old wallets and scrubbing them for "dust" these days.

I went to my old BitPools website files and knew I had used a few test accounts to make sure the whole process worked with some small amounts of bitcoin.

Turns out those small amounts were .5 BTC each. Around 7-8 tests. I had to write some scripts to scrub a few 10,000 keys files but it paid off...literally.

Now I get to gather all of my fork coin bonus points.

I'll probably throw most of the found money into varyon. I see it as more money to go toward my future seastead home.

[jojo69]

GDAX down for scheduled (and well announced) maintenance.

[ivomm]

...ICE was considering launching a swap contract linked to Ether, but backed away from that because of regulatory uncertainty, the people briefed on the effort said. Mr. Chou, at LedgerX, said he made a similar decision and has delayed creating any products linked to Ether. With Bitcoin, on the other hand, Mr. Chou said that road seems to be clear for big institutions to get involved.  “The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history,” he said. “I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”

https://www.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html

[Typex]

It is interesting going back to old wallets and scrubbing them for "dust" these days.

I went to my old BitPools website files and knew I had used a few test accounts to make sure the whole process worked with some small amounts of bitcoin.

Turns out those small amounts were .5 BTC each. Around 7-8 tests. I had to write some scripts to scrub a few 10,000 keys files but it paid off...literally.

Now I get to gather all of my fork coin bonus points.

I'll probably throw most of the found money into varyon. I see it as more money to go toward my future seastead home.

Must be nice to find $60K you forgot about lol

[jojo69]

GDAX just started delivering data again

[Toxic2040]

GDAX just started delivering data again

Timely maintenance..is this a thing?

[jojo69]

GDAX just started delivering data again

Timely maintenance..is this a thing?

I know right?

I guess this is what we get for them caving to the IRS 

[Toxic2040]

Some charts to look at.

This shows some possibilities for the rest of the year.

Have a good night all. #dyor

[JayJuanGee]

we have never had a technology that has fit into such a niche that is so likely to cause a lot of societal changes that are difficult to know in these early days

I am the god of hell fire, and I bring you!
Fire, I'll take you to burn.
Fire, I'll take you to learn.
I'll see you burn!

You've fought hard and you saved and earned,
but all of it's going to burn.
And your mind, your tiny mind,
you know you've really been so blind.
Now's your time, burn your mind,
You're falling far too far behind.
Oh no, oh no, oh no, you're gonna burn!

Fire, to destroy all you've done.
Fire, to end all you've become.
I'll feel you burn!

You've been living like a little girl,
in the middle of your little world.
And your mind, your tiny mind,
you know you've really been so blind.
Now's your time, burn your mind,
you're falling far too far behind.
Oooooooooooooo.

Fire, I'll take you to burn.
Fire, I'll take you to learn.
You're gonna burn!
You're gonna burn!
You're gonna burn!
Burn, burn, burn, burn, burn,
burn, burn, burn, burn, burn, ahhhhhhhhh
Fire, I'll take you to burn.
Fire, I'll take you to learn.
Fire, I'll take you to burn.
Fire, fire ahhhhh...

- Fire performed by Arthur Brown
- Songwriters: Jacob Louis Plant

As merely counterexample one.

You are just in a feisty argumentative mood, it seems.  

I would not categorize fire the same as bitcoin, in that fire was likely discovered and learned ways to harness fire; however, fire existed prior to various discoveries in how to harness it. Sure, you could argue that bitcoin and math existed prior to discovering it, but it seems that we are getting caught in the weeds of arguing for the sake of arguing rather than really making some kind of meaningful counter-point that undermines the importance of what bitcoin is really bringing to the table and its potentialities.

Just a fun way of pointing out your exaggeration.

Probably a fun way of quibbling over words.  I doubt that I am exaggerating as much as you want to suggest of me.

I agree that Bitcoin will likely bring about vast societal change.

Yes, exactly, and we don't know the exact extent of the change and the spread of such change... and perhaps, as many have suggest, the change that bitcoin brings could be greater than the impact of the internet - even though bitcoin relies on technologies and systems that were developed through the internet.

But the most of any technology ever?

Sure, without quibbling about specifics, I was saying something like that.

Fire? Wheel? Aqueducts? Agriculture? Sanitation? Wheel? Printing Press? Electricity? Mechanization? Radio? Internet?

Yes, perhaps similar or greater than some of those things, but of course some things build on earlier foundational things.  And, yes, we do not know, yet, how this bitcoin thingie-ma-jiggie is going to play out.. so it could be a bit too early to conclude, for sure.

I don't believe that I am exaggerating, even though you want to get caught in the weeds, and perhaps make some kind of point that really does not matter too much, because in the end, we could be investing into something that is as BIG as those other things and even BIGGER, or something could end up going wrong, and bitcoin ends up being a passing fad (or a one hit wonder), even though I am kind of tentatively concluding that the former is more likely rather than the latter, but I am not going to be wiped out financially or emotionally if the latter ends up being the outcome.  In any event, bitcoin remains a phenomenal wonder at the moment, and how it is going so far, and because of disparate information, several of us early adopters are likely to prosper greatly from this lopsidedness in the information about the topic.... .including both you and me, even though you want to be more tempered about your prognostications... and maybe explains why you feel some need to hedge with Bcash (or at least to propagandize it and its various scandalous attack vector clown supporters as if it and its clowns were some kind of significant and meaningful competitor for bitcoin).

Just a fun way of pointing out your exaggeration. I agree that Bitcoin will likely bring about vast societal change. But the most of any technology ever? Fire? Wheel? Aqueducts? Agriculture? Sanitation? Wheel? Printing Press? Electricity? Mechanization? Radio? Internet?

Also the one that isn't here quite yet but is likely to eclipse all of those things into relative insignificance, AI.

Yes.. another example of an attempt to minimize the likely importance of bitcoin with a distraction.