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

[ssmc2]

What do you think about Bitcoin not breaking the support 5500€ / 6800$?

I'm not very confident that this will be the bottom, there was not enough panic selling and FUD imo! Maybe we'll see a break of the support first, then a bull run for new highs can start.

I figure that BTC price and Alts etc are going to Yo/Yo at best between 5k and 6k for the next 9 months

especially if mt. gox keeps kicking out $125 million of BTC dump the 10th of every month until the surplus of 1.40 billion is gone

just the way it is

that and the fact IF there is a run, seems exchanges always go down or are hacked ..thus driving prices down further

buckle up boys and girls it is gonna suck big time

(again, better minds then me prove I'm wrong...please...please...)

brad

No way we fluctuate in a 1k range for 9 months. We're either going to flash crash below 6k soon then begin a slow trek up or begin that slow trek right now until the impetus for the next bull run.

[Raja_MBZ]

Neo-marxists at EA attempt to put women in WW2 shooting game as front line soldiers.  99.9% of playerbase responds that it's a stupid and laughable idea.  EA responds by banning them all from forum for not being SJWs HAHA:

https://www.pcgamer.com/the-battlefield-subreddit-is-such-a-mess-that-mods-have-banned-topics-about-historical-accuracy/

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

So relevant.

I assumed you did not want to discuss losing all your money at Bitmexico.

You got the first (and probably the last) merit from me.

[d_eddie]

Woof! Woof!

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

So relevant.

Quoting doesn't help, either. It's just like spreading more dog food in the garden. First come dogs, then roaches.

[Elwar]

For me I wish people would convert and spend rather than buy, hodl, sell.

The idea of holding means you're resisting the temptation of selling. But if bitcoin is your main currency...why would you ever consider buying some fiat?

Well a lot more people would do that instead of converting back to fiat if you could easily pay your taxes, pay your mortgage, pay bills, buy houses, cars, groceries, etc. with bitcoin.

But currently (esp in the U.S.) you can't. And possibly not ever, at least in most first world countries. And in the U.S., the IRS wants to steal their share of any gains you might have.

Most peoples' taxes are taken out of their paycheck. With BitWage you can get your paycheck direct deposited to a bitcoin address without your company ever knowing you are getting paid in bitcoin.

In Europe I was able to pay bills, rent (until I talked my landlord into taking BTC directly), etc. with bitwala. Not sure if there is a similar service in the US but a quick google search gives welto.io, coinbills.com and coinsfer.com.

Buy houses? Something done how often? Every 5 years maybe?

Buy a used car with bitcoin or go to the very few auto dealers in the US that accept BTC (again, what...every 5 years? are you holding fiat so you can buy a car?). When I wanted a car in Germany I went to a localbitcoins guy and got the cash to pay for the car.

Groceries? Whole Foods, Walmart, Target(do they have groceries?).

Gas? Walmart. Restaurant? Buffalo Wild Wings.

Everything else? Amazon.

I just know the couple of times I visited the US since converting to bitcoin it was sooooo easy.

Or are you waiting to only use bitcoin when the store you go to has a QR code? Or perhaps they need to make it easier?

Trust me, when you only have bitcoin to spend. You'll find ways to pay for just about everything. (Oh nos! I have to buy a gift card! That's not bitcoin! It allows you to have bitcoin as your main currency and not rely on banks or holding fiat that loses value over time, take the 3% discount through gift cards already).

[El duderino_]

for me momently i save my new capital/incomes/gaines in BTC and play poker for BTC thats allready a start food and other things are for later

[Paashaas]

I have. Hence my position as a Segwit skeptic.

I don't see exchanges, devs and users complaining how flawed Segwit it, nobody lost money ore saw critical errors.  I only see that bullshit in the Bcash camp.

Can you provide me technical arguments/proof why Segwit is 'flawed' ore show it at the Github?

All those devs are interested in youre arguments.

No. What does that LN to do with Segwit? I'm not following your train of inquiry here.

Trying to convince me that you did your homework while you dont even looked at Segwit features..

(Bcash) shit noob.

[d_eddie]

Most peoples' taxes are taken out of their paycheck. With BitWage you can get your paycheck direct deposited to a bitcoin address without your company ever knowing you are getting paid in bitcoin.

This is nice. I will check it out.

In Europe I was able to pay bills, rent (until I talked my landlord into taking BTC directly), etc. with bitwala. Not sure if there is a similar service in the US but a quick google search gives welto.io, coinbills.com and coinsfer.com.

Is Bitwala still working? After the great debit card purge, I'm not sure it's so easy anymore. Waiting eagerly for new arrangements to regrow a pool of bitcoin card operators.

Buy a used car with bitcoin or go to the very few auto dealers in the US that accept BTC (again, what...every 5 years? are you holding fiat so you can buy a car?). When I wanted a car in Germany I went to a localbitcoins guy and got the cash to pay for the car.

I think localbitcoins is banned in Germany.

(Oh nos! I have to buy a gift card! That's not bitcoin! It allows you to have bitcoin as your main currency and not rely on banks or holding fiat that loses value over time, take the 3% discount through gift cards already).

Are you referring to Amazon here? What is in your experience/opinion the best way to get gift cards via btc?

[DaRude]

Hi I’m new here . Who the fuck is this roach geezer . What a complete asshole. Why does everyone put up with his shit?
Edit:weeeee

our legendary troll.
did you just create new account for asking this here? or are you him?  

Yes a new account . No I’m not him . I’m also known as bitcoinpsycho

There's an ignore button next to his/her name that's been clicked more times than google.com and also on anyone that quotes him/her

[bitcoinPsycho]

Hi I’m new here . Who the fuck is this roach geezer . What a complete asshole. Why does everyone put up with his shit?
Edit:weeeee

our legendary troll.
did you just create new account for asking this here? or are you him?  

Yes a new account . No I’m not him . I’m also known as bitcoinpsycho

There's an ignore button next to his/her name that's been clicked more times than google.com and also on anyone that quotes him/her

thanks for that it is actually me messing about waiting for the price to explode and having a pop at roach

[realr0ach]

Neo-marxists at EA attempt to put women in WW2 shooting game as front line soldiers.  99.9% of playerbase responds that it's a stupid and laughable idea.  EA responds by banning them all from forum for not being SJWs HAHA:

https://www.pcgamer.com/the-battlefield-subreddit-is-such-a-mess-that-mods-have-banned-topics-about-historical-accuracy/

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

So relevant.

I assumed you did not want to discuss losing all your money at Bitmexico.

You got the first (and probably the last) merit from me.

blyat

[Elwar]

Is Bitwala still working? After the great debit card purge, I'm not sure it's so easy anymore. Waiting eagerly for new arrangements to regrow a pool of bitcoin card operators.

I left Germany in 2016, I think Bitwala stopped working after I left. After I had my landlord start accepting BTC directly the only thing I used Bitwala for was paying my many speeding tickets.

I think localbitcoins is banned in Germany.

It was...sorta. After I used it for getting cash to buy a car I started selling BTC on localbitcoins. Then Germany "banned" it. What actually happened was that they blocked people connecting from German IP addresses. And they locked all of the German listings so you could no longer create new ads or edit your old ones.

What this ended up doing was it created a monopoly for me in my area at a high rate of return. While there was competition in the US driving down rates close to a few percent, I had a few ads going from 10% to 15% per trade. I actually only wanted to get a little spending money and spread the word of BTC but having such a monopoly and high rate of return I continued selling, immediately putting the money back into bitcoins after the trade. The Germans knew how to use VPNs.

Are you referring to Amazon here? What is in your experience/opinion the best way to get gift cards via btc?

For Amazon I use purse.io for the discount (I had an APO address in Germany, but there was also a way to get stuff at 15% discount on amazon.de).

For gift cards there is gyft.com and egifter.com. I prefer egifter because you can get your gift card very close to the dollar amount you are spending.
They have 100s of retailers from most chain restaurants to most chain clothing stores.

[Raja_MBZ]

https://www.bloomberg.com/view/articles/2018-06-15/bitcoin-manipulation-study-is-less-than-it-seems

[jbreher]

@jbreher
Ok, you are skeptic, fine. My question to you would be: are you even using SegWit enabled features in Bitcoin?

Of course not. I am a Segwit skeptic. Why would I commit any of my funds to something I think is fundamentally flawed? That would be irrational, right? (1)

Have you tried the LN (testnet is fine too) I'm curious to know if you are skeptic on a theoretical level only

No. What does that LN to do with Segwit? I'm not following your train of inquiry here.

Here is a question for you. Are you familiar with the term 'fungibility'? Can you understand how creating two classes of BTC destroys this property? (Well, after claiming one question, you asked two.) (2)

(1) Fine but to me is like "I don't like carrots!" Have you ever tried them? "no, I think they would kill me".
(2) No SegWit, no LN easy.

Why would I commit any of my funds...

You can use testnet coins........

Fungibility: yes I know what it is and that's a concern for me as well but I know a few ways to protect my privacy. They are costly but I don't care since I value my privacy a lot.

Your line of inquiry really makes little sense. What do you expect I would learn from 'using' LN that I don't know already?

I mean, I'll grant that LN 'works' in the default case. Of course, there is nothing that I find useful that I could do with it. What am I going to do - draw another penis on some stupid crowdsourced image? What a waste of time. AintNobodyGotTimeForThat.png.

Incidentally, your carrot analogy is stupid. Somehow, I expected better from you.

[jojo69]

we should have lightningkitties

[jbreher]

I have. Hence my position as a Segwit skeptic.

I don't see exchanges, devs and users complaining how flawed Segwit it, nobody lost money ore saw critical errors.  I only see that bullshit in the Bcash camp.

Can you provide me technical arguments/proof why Segwit is 'flawed' ore show it at the Github?

Yes. Fungibility. Reliance on miners not to revert to 'anyonecanspend' - an incentive for which only increases over time. A new ability for miners to fail to validate all portions of blocks. The list goes on. And that's before starting into the issues with LN.

All those devs are interested in youre arguments.

Bullshit. The community has been over them multiple times. The devs consider these issues acceptable risks. I don't. Perhaps you are merely ignorant of them, D^4?

No. What does that LN to do with Segwit? I'm not following your train of inquiry here.

Trying to convince me that you did your homework while you dont even looked at Segwit features..

I am quite familiar with Segwit features, thankyouverymuch. And its antifeatures as well - of which you seem to be willfully ignorant.

[mindrust]

I left Germany in 2016

Why did you leave? You found a better place to live? Where did you go? Somewhere crypto&tax friendly ?

[RejectedBanana]

Old news but nice interviews concerning latest ETF attempt:

VanEck, SolidX Team Up On Bitcoin ETF

ETF.com: How is this product different from the previous one SolidX filed for that was denied by the SEC?

Gallancy: The index is a big difference. Additionally, the price of the fund will be around $200,000, which is meant to alleviate any concerns that the SEC may continue to have around retail investors getting involved in bitcoin via an ETF package.
We’re optimistic that, over the long term, the SEC will change their minds about that, but in the short term, what we need to do is provide the SEC with a product that meets all of the specifications they require to get it over the finish line. If they're concerned about retail, we need to address that, and so we’ve done so.

The insurance aspect is something we had in our original filing, but it just wasn’t particularly well-covered. It’s a very important piece of the equation. ETF investors shouldn’t be subject to operational risk. Bitcoin is a bearer asset. If you didn’t have insurance around bitcoin, if something were to go wrong, if your bitcoin were lost or stolen or hacked—whatever it is—you’d have a big problem.

We have a syndicate of A-rated insurers that cover the corpus of the fund. Nobody else is doing that.
It’s this combination of things—the restructured index, the high share price and the insurance—that create a product the SEC will view positively.

Hyland: 1st Bitcoin ETF Closer To Reality

ETF.com: How likely is it that we’ll see a bitcoin or cryptocurrency ETF approved anytime soon?

Hyland: I think we get them sooner rather than later. But I also think that if we don't see any action by the SEC in the next two months, we’ll jump to 2019 and beyond. I don't see the SEC going from red light to green light anytime near the midterm election. It’ll make them gun-shy.

I handicap the odds of a U.S. ETP in crypto as follows: 20% chance in 2018; 60% chance in 2019; and a 20% chance beyond 2019.

[infofront]

I have. Hence my position as a Segwit skeptic.

I don't see exchanges, devs and users complaining how flawed Segwit it, nobody lost money ore saw critical errors.  I only see that bullshit in the Bcash camp.

Can you provide me technical arguments/proof why Segwit is 'flawed' ore show it at the Github?

Yes. Fungibility. Reliance on miners not to revert to 'anyonecanspend' - an incentive for which only increases over time. A new ability for miners to fail to validate all portions of blocks. The list goes on. And that's before starting into the issues with LN.

All those devs are interested in youre arguments.

Bullshit. The community has been over them multiple times. The devs consider these issues acceptable risks. I don't. Perhaps you are merely ignorant of them, D^4?

No. What does that LN to do with Segwit? I'm not following your train of inquiry here.

Trying to convince me that you did your homework while you dont even looked at Segwit features..

I am quite familiar with Segwit features, thankyouverymuch. And its antifeatures as well - of which you seem to be willfully ignorant.

Bitcoin isn't fungible anyway. That's why Coinbase closed my account last year for having blacklisted coins. At least LN offers some better privacy.

And I think he was referring to the fact that LN pretty much required segwit.

[El duderino_]

I left Germany in 2016

Why did you leave? You found a better place to live? Where did you go? Somewhere crypto&tax friendly ?

I thought germany was very crypto friendly ......

[Rsiyz]

RAJA:  AND MEMES WITH PENISES FROM YOUR FAGYY BITCOIN FANCLUB IS  RELEVANT HERE??!! is it about bitcoin theme  topic??

 or 10k memes , pictures with ass..like bottom  or another IDONTKNOWWHATABOUTISTHATPICTURE

BAN ALL GRAPHIC IT THIS TOPIC AND BE BITCOIN --- TALK----