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

[Phil_S]

That chart is just a paste from 2014-2015, I annexed zeros to the numbers and changed 2015 to 2019. Bitcoin works in ~4 year periods all centered around the halvening.

Let's see... it's roughly similar. But it doesn't mean anything, in reality. Bitcoin rarely follows past patterns.

[Kylapoiss]

I am pretty much in the same boat as you. I also started to collect last year in May/June which was way before the $20k pump but obviously I didn't buy enough. I became serious after this February...

You should know however, being serious this time won't guarantee you another 10x pump. Well it will happen eventually but might not happen in the time frame you are (we are) expecting. Most people here expect another 10x in the next 2 years which might be too optimistic.

We may have to wait at least 5 years to get our lambo's and I am actually OK with this.

Oh I'm not after pumps, when I hit one with some of my alts then so be it and cheers for me, but that's not what I'm after. I'm in for the long run and have no cashout plans for the next 5 years at least. Maybe I'll get my lambo without the help from cryptos?

mine tested ~125 waaay back around highscool.

i then discovered drugs. way more fun. of course way more disruptive as to the directions i had picked in college (programming). dropped college, stayed with drugs. much fun, much stupidity, some broken bones and other misc injuries from "here, watch mah beer" type stuff.

oh well. its part of what made me who i am today, and if i had a do over id probably choose drugs again.

Same here, scored 126, took the "drug-way" and it sure has been a wild run. Would still make the same choice.

[buyandhold]

Did anyone here knew about this?

https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169

Pretty interesting article

Thanks for this, good read.

I found it really interesting article indeed, glad you liked it!

Today i'd like to submit this, let's see what you guys think about:) ....

Bitcoin doesn't exist
https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

The first essay was shared pretty widely at the time and is overblown - nobody who counts (geddit?) missed the implications of triple-entry at the time.
But goodness, the second one is good stuff. On the basics, it is an excellent primer. There's some howlers (calling all the early unmoved coins Satoshi's, stating there's 22m coins max) and he's not so good on the future implications of bitcoin, some macro details, history of econ. Still a lot better than most. It really deserves a proper review.
Many thanks for sharing.

[RayX12]

I got a six pack of beer...and it's titty squeezing time

Zappa, "Titties and Beer"!

"man, you can't fool me...you ain't that bad...
I mean you shoulda seen some of the souls i had...
Why there was milhous nixon 'n agnew, too...
'n both of those suckers was worse 'n you..."

Ha ha... I remember those good-old college days.
Titties and Beer!
Rejoice yourselves bitcoiners.
https://www.youtube.com/watch?v=zvepB7uYoAo
 

[Maicol792]

That chart is just a paste from 2014-2015, I annexed zeros to the numbers and changed 2015 to 2019. Bitcoin works in ~4 year periods all centered around the halvening.

Let's see... it's roughly similar. But it doesn't mean anything, in reality. Bitcoin rarely follows past patterns.

Thanks for graphic ... but I think the mainstream and the past value and dev of bitcoin can invalid poiection on the past charts ... and I think we have small time frame in crypto for take analysis with past data...

[cAPSLOCK]

So... what you're saying is you prefer doods. Are you having troubles finding doods to bond with?

How about some irony,

 Otto W. was born to a Jewish Goldsmith, studied philosophy, psychology, and language.  His ideas are misogynistic and antisemitic and parts of his rhetoric were used by the Nazi regime (while at the same time denouncing him). Otto killed himself from deep depression at 23 years old.

We can only hope our resident insect will fully follow in the footsteps of this wretched "philosopher".

[jojo69]

and it's titty squeezing time

You squeeze your tits when drinking beer ? dafuq man ?

blow it out your ass...motorcycle man

[infofront]

Mine is above 140; Where does that put me?

Autistic.

I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs.

So once again, r0ach can rightly fuck off.

Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project?

Do you troll here just to talk your book, or because you have nothing better to do?

I don't see how your comment is relevant and how my comment could possibly have something to do with trading or my book.  It seems you are stuck in one mode of thinking.  

One false dichotomy deserves another.

I'm sorry you are having such a tough time with your trades this week.

I'll take trolling for $1,000, Alex!

[LFC_Bitcoin]

I am pretty much in the same boat as you. I also started to collect last year in May/June which was way before the $20k pump but obviously I didn't buy enough. I became serious after this February...

You should know however, being serious this time won't guarantee you another 10x pump. Well it will happen eventually but might not happen in the time frame you are (we are) expecting. Most people here expect another 10x in the next 2 years which might be too optimistic.

We may have to wait at least 5 years to get our lambo's and I am actually OK with this.

Oh I'm not after pumps, when I hit one with some of my alts then so be it and cheers for me, but that's not what I'm after. I'm in for the long run and have no cashout plans for the next 5 years at least. Maybe I'll get my lambo without the help from cryptos?

mine tested ~125 waaay back around highscool.

i then discovered drugs. way more fun. of course way more disruptive as to the directions i had picked in college (programming). dropped college, stayed with drugs. much fun, much stupidity, some broken bones and other misc injuries from "here, watch mah beer" type stuff.

oh well. its part of what made me who i am today, and if i had a do over id probably choose drugs again.

Same here, scored 126, took the "drug-way" and it sure has been a wild run. Would still make the same choice.

Dropped out of school, currently run 2 businesses & have a nice stash of bitcoin in cold storage. I take cocaine at least once a week & smoke weed most days btw.

Lesson to be learnt - school education is a waste of time up to a certain point. Getting somewhere in life is mostly about YOU.

[jbreher]

How much effect on the market will this Corda thing have, a distributed ledger database (sames as Ripple)
It is not invest able and want be found on Coinmarketcap. Made by the Banks for the Banks not public viewable, trade-able.

Corda is a distributed ledger platform designed to record, manage and automate legal agreements between business partners. Designed by (and for) the world's largest financial institutions yet with applications in multiple industries. It offers a unique response to the privacy and scalability challenges facing decentralised applications.

R3 is an enterprise software firm working with a network of over 200 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, our blockchain platform designed specifically for businesses

.

https://www.r3.com/
https://www.cnbc.com/2018/05/14/hsbc-makes-worlds-first-trade-finance-transaction-using-blockchain.html

It is irrelevant.

Well, that kind of depends upon disambiguating Robin,Hood's use of 'the market'.

If we are talking about the cryptocurrency market, the effect is likely to be negligible. This would be just one more example of potential utility that won't get carried out on the Bitcoin blockchain. If it existed on the Bitcoin blockchain, it's effect would be accretive in proportion to the amount of activity.

However, if talking about the financial trade services market, and if -- and this is key -- if they can figure out how to properly maintain a permissioned blockchain, then its effect could be huge. Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

[cAPSLOCK]

Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

Unless someone solves this problem in the realm of game theory, it is impossible.  This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.

[infofront]

Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

Unless someone solves this problem in the realm of game theory, it is impossible.  This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.

I'm curious as to how all of this is going to play out in the short-medium term.

Some questions I've been asking myself:
Will there be a mass realization that blockchain without bitcoin is just a slow, shitty database? How long will this realization take?
When/if this realization takes place, will it fuel Bitcoin's moonshot? Alternatively, will people become disenchanted with "blockchain" altogether, and throw the baby (bitcoin) out with the bathwater?
Will this kill off most alts?

[BitcoinNewbie15]

Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

Unless someone solves this problem in the realm of game theory, it is impossible.  This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.

I'm curious as to how all of this is going to play out in the short-medium term.

Some questions I've been asking myself:
Will there be a mass realization that blockchain without bitcoin is just a slow, shitty database? How long will this realization take?

This is something that really frustrates me. The whole "Blockchain not Bitcoin". A blockchain on its own is just like you said, a slow database. It needs to have the other core tech from Bitcoin to make it special (POW, P2P, Cryptography, etc). Also... What is the incentive to maintain the ledger without a valuable token?

A lot of people don't understand Bitcoin (I dont blame them, stuff is complex) but the whole Blockchain not Bitcoin idea is totally nonsensical. Probably will be a few more years before the general public/enterprise realizes this.

[Neo_Coin]

 

[Kylapoiss]

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

[RoomBot]

Just arrived back home to Canada from Vietnam. It was getting way too hot for comfort and productivity. Nice to be back in a temperature cooler than me.
I was pleasantly surprised to find this among Hong Kong airlines entertainment choices.  
Watched it twice  

sMerited.  I'm guessing that's a recommendation for the vid?

Actually, ya, sure. I feel like I'd previously digested much of the content but I particularly liked how they documented the history of money and how things became corrupt. I think it was made in 2015 but still feels super relevant.  Well worth an hour of your time.  There's a torrent on TPB.

Very cool, thanks.

[xhomerx10]

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

 noobs cant post images - it's a forum parameter

[kromer]

Is Bitcoin dead? Because somebody on reddit just told me so. Apparently it is as good as dead already and it is currently being phased out by superior crypto 2.0 coins using block-lettuce (TM) technology.

[RoomBot]

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

Psy Op.
Disruptor.
Divider.
Hatemonger.

Whatever, just ignore it & stop wasting good thread time.

[RoomBot]

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

Most people have had him on ignore for years, he’s likely a pedophile & likes to grrom newbies and their way of thinking similarly to how he grooms children in RL.

I think he’s just a very angry man.
The rabbi must have botched the circumcision or something...

Sources say he couldn't even walk for a year after that!