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

[Elwar]

yeah, it sucks donkey balls

but apparently the universe needs to test our character before granting the rewards

I recommend those that are able make like roombot and pick up some extra hours.

Times like these I envy those that still have paychecks coming in.

I would be doing like I did all through 2015-16...100% paycheck to bitcoin through BitWage.

[1714008240]

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[JayJuanGee]

As I posted between there and here, Segwit creates three classes of Bitcoins. Each with distinctly different exposure to security vulnerabilities. 
1) Those that are completely free of any Segwit taint all the way back to their constituent coinbase transactions;
2) Those that are not currently output from a Segwit transaction, but have Segwit taint between here and their constituent coinbase transactions; and
3) Those that are the output of a Segwit transaction.

now trying to pervert the concept of fungibility.

Just because a coin is being used in a specific way that does not make such coin more or less fungible than if such coin is used in another way.

Geeze, JJG - you need to look up the definition of 'fungible'.

Geez jbreher... I see no reason for me to look up anything related to fungibility.  You are trying to make some kind of assertion that lack of fungibility is an issue, and seems that you are just making shit up.

Within the three posts preceding yours, 2/3 of them stated that they were cautious of accepting Segwit transactions until they gained some confidence in it.

Evidence supporting "fungibility" issues in bitcoin is that some peeople are cautiously accepting segwit transactions.... Never heard of such thing, and I doubt it is a problem.. yet.  Again you seem to be making shit up.

Even if I were to have bitcoins in a segwit address, and someone asserted they preferred to receive them from a non segwit address, then I could send.. or maybe there would be two transaction.. but again.. where is the fucking beef about this issue, besides some folks supposedly expressing reservations?  Is anyone actually refusing to accept transactions from segwit addresses?  show some proof.

That is definitively a lack of fungibility. A lack of fungibility is in no way limited to some sort of centralized blacklisting.

O.k.  Fungibility issues would exist if some coins were easier to spend then others or if I could not get my coins sent because of some issue with them being tainted in some kind of way.  Again, where is the evidence of this seemingly fabricated issue  (and if it is not completely fabricated it is surely greatly exaggerated)?

Sure some BIG BLOCKER nutjobs are going to continue to exaggerate negative speculation, like you seem to be doing, and to spread disinformation about supposed catastrophes of lightning network in order to pump their stupid-ass and largely non-substantiated negative talking points.

If you want to argue the facts of the matter, step up. I made some assertions of fact.

Assertions of facts do not make facts, if you don't show evidence.

Pony up some counter-arguments. If what I said is 'disinformation', then it should be a simple matter for you to put forth proof that they are false.

I have no burden to put forth facts to rebut your bare assertions, because I have not seen anything rising to the level of meaningful facts (beyond assertions about what could happen ... not something that is actually happening)

And I am in no way exaggerating nor claiming catastrophe. I made no value judgement on the matter, and even pointed out that the current debate is how significant these flaws are. All you are doing is bloviating. Buck up or shut up.

There may be discussion going on in BIG blocker disinformation circles?  Where are your  links of discussions beyond your speculation? 

[shahzadafzal]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

[serveria.com]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Then I'm sure we're going up because every time the vote says up we're heading down 

[Totscha]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Why? Why not?

Best case would be that we get some sideways action. There's no reason to go up. Yet.

[shahzadafzal]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Why? Why not?

Best case would be that we get some sideways action. There's no reason to go up. Yet.

So we need a reason now?

[Elwar]

I will not feel right until the price is over $10k. For some reason when it is over I am calm. This low price makes me sad. 

[JayJuanGee]

-edited-

Might have some relevance.

Speaking of relevance little bear..


Is this really about bitcoin and bitcoin cash fighting it out? or is this about a community that stands together against the status quo of fiat and centralized banking? Seems to me there is much effort wasted in this dialogue worrying about "future problems" when we are surrounded on all sides.

Agreed.

One might note that I am playing defense here.

That is bullshit.  You are not playing defense unless you actually present non-speculative facts.  If there is some innocent claim here, then I will be open to hear it.  Your framing the matter as if you are "playing defense" is to attempt to assert that you have already presented valid facts and logic and I doubt that is the case, unless I am missing something.

[bitserve]

I will not feel right until the price is over $10k. For some reason when it is over I am calm. This low price makes me sad. 

Same here. Even if I don't have any intention to sell for years, over $10K makes me feel fine... this prices makes me depressed.

I don't need it to raise much over $10K at this time because I don't plan to sell. If it went straight to $50K or $100K I would be forced to part some Bitcoins, and I don't want to.

[realr0ach]

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Probably because it was an entirely a scam orchestrated by the people running Bitfinex that the price ever went over $4k in the first place (just like MtGox the first time)?  The volume is absolutely nothing now and dumps $100 just off tiny sells.  Either this market is about to completely implode, or the Bitfinex scammers will come in again with their millions of fake tethers and try to pump and dump it higher, but there's no real point because there's nobody to buy those expensive coins even if they do pump it. 

[Phil_S]

I also find if you're going to compare apples to oranges..at least try and line up the time frame and scales somewhat. It helps to add continuity to your dialogue.

Lemme try... time shift = 4y8m, price scale = 100x.



I see no reason for a crazy jump right now... as for reaching 32k at 08/2019... who knows, maybe.

[mindrust]

I will not feel right until the price is over $10k. For some reason when it is over I am calm. This low price makes me sad.  

Same here. Even if I don't have any intention to sell for years, over $10K makes me feel fine... this prices makes me depressed.

On the contrary, I feel perfectly fine right now. I actually wish it to go even lower. I am not loaded enough.

[TERA2]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Because it was there just 9 months ago, so why can't it go there again? Seems like it was just yesterday I saw that it broke $500. I was on this hike in Canada looking for a bitcoin ATM and was like 'woah I must have miscalculated USD/CAD'

[realr0ach]

Because it was there just 9 months ago, so why can't it go there again? Seems like it was just yesterday I saw that it broke $500.

I think the more bizarre comparison is that something that was being given out from faucets for free just recently became worth $20k each overnight for no reason.  Things like that just do not happen in any kind of natural evolution of any system.  Even if bitcoin had fundamentals and wasn't designed to completely centralize, it should take way longer to bridge that gap from worthless to $20k in any type of rational world.  

The fact such a thing did happen only lends credence to manipulation and fraud being orchestrated on exchanges (like MtGox and Bitfinex), or the govt itself propping up this garbage as some type of helicopter money experiment, or bait and switch tactic to try and lure you into a cashless society slave system.  If bitcoin was designed as some type of Ben Bernanke helicopter money experiment to try and prevent deflationary collapse, it sure was a massive fucking failure since the entire thing centralized under a single guy in China.

[Asrael999]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Ah one of those mid 2014 , Bitcoin can never go below $400 arguments.
Bitcoin will go as low as it takes to flush any weak, middle and semi-strong hands. This forum isn't even close to the "OMG Bitcoin is dead and I've lost my house" tears of December 14, Jan 15.   Once every post in here is bearish and the bulls are laughed at, then and only then can the next rally begin.

[realr0ach]

Ah one of those mid 2014 , Bitcoin can never go below $400 arguments.
Bitcoin will go as low as it takes to flush any weak, middle and semi-strong hands. This forum isn't even close to the "OMG Bitcoin is dead and I've lost my house" tears of December 14, Jan 15.   Once every post in here is bearish and the bulls are laughed at, then and only then can the next rally begin.

Who knows what will happen this time.  My opinion is that the bitcoin bubble (resulting entirely from Bitfinex fraud) would not implode until the people operating that exchange are hauled off to jail, and I do not see a single one being arrested for anything even after they supposedly had $400 million dollars seized in Poland that was being used to launder drug money?  How the fuck does NOBODY get locked up for that?  

Only people at places like Goldman Sachs and JP Morgan get away with things like that without going to jail, so it's even possible the too big to jail banks are involved in the Bitfinex manipulation and price run up.  Since Goldman Sachs bought most of the Ethereum premine, it's pretty fucking obvious they were involved in the fraudulent pumping of Ethereum on Poloniex already (and garbage like Ripple).  Why not bitcoin too?  They were probably involved in the merger/buyout of Poloniex solely to try and HIDE their transaction records.

[Totscha]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Ah one of those mid 2014 , Bitcoin can never go below $400 arguments.
Bitcoin will go as low as it takes to flush any weak, middle and semi-strong hands. This forum isn't even close to the "OMG Bitcoin is dead and I've lost my house" tears of December 14, Jan 15.   Once every post in here is bearish and the bulls are laughed at, then and only then can the next rally begin.

Exactly!. The rally can only begin if the term "bulltard" is consistently used for a prologend period of time. Period!

[serveria.com]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Ah one of those mid 2014 , Bitcoin can never go below $400 arguments.
Bitcoin will go as low as it takes to flush any weak, middle and semi-strong hands. This forum isn't even close to the "OMG Bitcoin is dead and I've lost my house" tears of December 14, Jan 15.   Once every post in here is bearish and the bulls are laughed at, then and only then can the next rally begin.

Exactly!. The rally can only begin if the term "bulltard" is consistently used for a prologend period of time. Period!

Nope, this won't work because you'll never see a bearish post from me. NEVER  I guess I'm a bulltard.. 

[greensheep]

Speaking of Bitcoin, who the hell voted for another leg down in the poll. I didn't approve of this.
Bob?

Nope. Voted for $8-$8.5k.

Gotta remain optimistic that this bear run will break "hopefully soon-ish".

I was surprised too... i mean how the hell bitcoin can go <$4,000
I mean how?.... ok why?

Ah one of those mid 2014 , Bitcoin can never go below $400 arguments.
Bitcoin will go as low as it takes to flush any weak, middle and semi-strong hands. This forum isn't even close to the "OMG Bitcoin is dead and I've lost my house" tears of December 14, Jan 15.   Once every post in here is bearish and the bulls are laughed at, then and only then can the next rally begin.

Exactly!. The rally can only begin if the term "bulltard" is consistently used for a prologend period of time. Period!

Looking at older topics, this type of statements seem to happen close to the bottom.
https://bitcointalk.org/index.php?topic=913322.0

[realr0ach]

Well this guy's post was definitely correct.  He somehow prophesied the coming of JayJuanGee:

We are currently in the tard stage of Bitcoin and will likely remain there for many more years.