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

[gentlemand]

Well, after watching a series of Consensus livestreams I've concluded that you'd have to be a fooking nutter to think crypto's going anywhere but eventual gargantuanosity by now.

I hope the pisstaking ICO dead wood gets erased along the way though.

[RoomBot]

You know what this thread is also about?

It's about people coming in and contributing something, anything, of value rather than simply being an asshat and criticizing the purpose/value of this thread.

My fault. Thought it was "a Bitcoin price movement tracking & discussion".

Rule #1:  Consider the SOURCE.

[Toxic2040]

[Torque]

edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

This is the most eloquent and amazing summary of the whole "blockchain not Bitcoin" fallacy.

Bravo, well done to Johnathan. He gets it.

[realr0ach]

edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

This is the most eloquent and amazing summary of the whole "blockchain not Bitcoin" fallacy.

Bravo, well done to Johnathan. He gets it.

This is fake news.  

How much more spam must I endure from shitcoin shills who completely overlook the fact transaction validators are always designed to terminally centralize over time and it's 100% impossible to create a decentralized digital currency?  Yea, bitcoin is an open entropy system...except for the fact the only function this variable serves in real world practice is transferring a metaphorical baton of complete or almost complete monopoly from one guy to the next.

This attribute serves no purpose in decentralization due to things like foundry startup costs, asymmetric bell curve's effect on chip design, asymmetric power costs globally, the list goes on for hours.  The only way bitcoin can function is a slumlord technocracy where a tiny amount of people who have access to both large amounts of capital and large amounts of brain power (which can just be bought with the capital), then enslave everyone else in a permissioned ledger monopoly because the amount of transaction validators is so small collusion is the norm instead of the exception.  

That and tokens are non-fungible and transactions are not blinded, so you need to go beg one of the 1-4 or so transaction validators to allow you to transact at all and not put you on their cartel black list which is 100% guaranteed to be run by some sort of global govt entity.  Hello, state.  May I spend today?  Nope, we just blacklisted all of your shitcoin tokens.  Your net worth is now zero and will never be able to be spent.  You may as well send them to a null address to destroy them, but we won't even allow you to do that.

[Toxic2040]

edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

This is the most eloquent and amazing summary of the whole "blockchain not Bitcoin" fallacy.

Bravo, well done to Johnathan. He gets it.

+10 WOsMerits to the Author.

+1 WOsmerit to you Torgue for pointing it out..thanks.

-------------
Squirrel gathers corn.

[realr0ach]

Anyone else notice the ESF Jews trying to rig the price of lumber into a bubble in order to prop up the housing bubble by rigging material costs?  That moment when you can't figure out if r0ach is the smartest or dumbest person in the room.

[romani245]

This is some nasty whipsaw action. I got stopped out of my last long. Sitting on the sidelines now. I'm leaning sort of bullish still but I'm not gonna risk getting my stops run again until bulls are more decisive.

[jojo69]

edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

This is the most eloquent and amazing summary of the whole "blockchain not Bitcoin" fallacy.

Bravo, well done to Johnathan. He gets it.

190 proof

the real deal

[RoomBot]

also. with bitcoin, you can't build little stonehenges with it

big minus right there

Carhenge:  http://carhenge.com/

[realr0ach]

Sheeit.

Don't stop buying those shitcoins now, Bob.  Tim Draper needs a new set of golf clubs and John McAfee needs an entirely new life.

[Rosewater Foundation]

Great day for a bull trap. Comedy gold.

[JayJuanGee]

Meanwhile for the really important news:
https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html

Interesting that the bitcoin (or crypto) lambo meme has some foundations in "fake" news.      Saddens me.

[RoomBot]

The addition of 3 new assets on Gemini and being licensed by the New York Department of Financial Services (NYDFS) shows Gemini is making a wider spectrum of crypto available to institutional investors, also they offer custody of the institutions investments which has been a big concern for many.

https://www.forbes.com/sites/michaeldelcastillo/2018/05/14/winklevoss-brothers-bitcoin-exchange-adds-zcash/#54449efc6b98

Today another news article was released in regards to coinbase offering 4 new services that will include a custody service for institutional investors.

https://www.cnbc.com/2018/05/15/coinbase-bets-big-on-institutional-investors.html

I don't think its a coincidence that both of these big name crypto exchanges are pin pointing their target market to attract institutional clients, it really does show that there is interest from big money investors. If ONLY retail money can push BTC to 20k, then what will institutional money do? Does that 45k-100k target seem so unlikely?

We will see what happens for the rest of 2018 but I think we could be in for some fireworks.

DC Blockchain Convo in March was full of Wall Street reps. assuring us that loaded clients cannot WAIT to get into BTC.

I'm sure the Futures fiasco scared off most of them....but only temporarily.

[Rosewater Foundation]

  I think we could be in for some fireworks.

[Torque]

I told you guys over a month ago, ur likely gonna die of complete boredom before Bitcoin major rallies again.

Could literally be like 2020-2021 before it happens.

If we get another rally this year I'd be in complete shock.

In the meantime, here's some light bedtime reading for ya:
https://www.amazon.com/Collusion-Central-Bankers-Rigged-World/dp/1568585624

[Rosewater Foundation]

I told you guys over a month ago, ur likely gonna die of complete boredom before Bitcoin major rallies again.

Could literally be like 2020-2021 before it happens.

If we get another rally this year I'd be in complete shock.

Would have been nice to have been proven wrong tho.

[realr0ach]

Huh. TIL.

Thanks.

I disagree with Alex Jones that Hitler took the guns.  In fact, Hitler gave out guns to the entire country.  He even gave rocket launchers to the boy scouts.

[infofront]

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

[xhomerx10]

Meanwhile for the really important news:
https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html

Interesting that the bitcoin (or crypto) lambo meme has some foundations in "fake" news.      Saddens me.

 I believe in this case, marketers simply used an existing trend.  The foundations are based in Bitcoin created wealth rather than "fake news".