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

[Elwar]

Price still under $10k...

 

[El duderino_]

Price still under $10k...

 

In my head its already around 37k

[gentlemand]

In my head its already around 37k

Right now there's a party in my pants and it's $100,000 per coin in there.

[Last of the V8s]

I had some pants once.

[vroom]

I had some pants once.

so now you are wearing paper bags?

[realr0ach]

Price still under $10k...

 

In seasteading news:

https://dailystormer.name/white-man-who-cant-swim-tries-to-save-drowning-black-man-both-drown/

[infofront]

Price still under $10k...

 

In seasteading news:

https://dailystormer.name/white-man-who-cant-swim-tries-to-save-drowning-black-man-both-drown/

Basically a metaphor for the left.

[Last of the V8s]

https://www.bloomberg.com/graphics/2018-tether-kraken-trades/
By Matthew Leising, Mira Rojanasakul, Demetrios Pogkas and Brandon Kochkodin

These good gentlemen would like you to sell your coins so they and their owners can buy them cheap.

They are not expert traders, stato's or fintech journos, as they have not heard of bots, hidden walls, 'reloading the exact same tether fud' or anything really.

edit: oh and it is pure coincidence that Jessie whatnot from Kraken told the SEC to take a hike. and some snotrag runs an anti Kraken piece. 'omg such wash trading'. 'it's unAmerican'. unsanctioned by TPTB, more like.

[Rosewater Foundation]

boom bada boom...

God... don't just type stuff like that at a time like this.

Damn.

The word boom has us salivating like lab hounds 

[Rosewater Foundation]

more blah blah blah

When boom soiree, sir?

[JayJuanGee]

2- Segwit+L2 is a scaling solution as it makes it possible to handle several times more tx's for the same blocksize.

Proportional increases are not scaling. You seem to not have read my link where I explain what a mathematical definition of scaling is.

You also did not address my main points.

Also I edited my original post slightly. For example I pointed out that IoT may eventually require billions of transactions per second.

Really I don’t have time for this right now. But I will be back at the right time. I would rather let Core dig a deeper hole for themselves first. Why interrupt the enemy when they are in the process of destroying themselves.

You seem to be full of shit, anunymint and trying to lord over your supposed technical/mathematical skills to spread doom and gloom FUD.


Of course, bitcoin (through segwit, lightning network, and other combination of off chain and on chain solutions) is not going to process billions of transactions per second today, because it is not needed today.  You don't build an aircraft carrier sized boat if you only need to carry one passenger, but as the needs get bigger the boat gets bigger and the functionalitiy gets bigger.   the various combinations of bitcoin, segwit and lightning network is facilitating bitcoin's growth in that direction and they are secure, but if more is needed later down the road, then those systems will evolve with need(s) and increased usage.    Scaling allows for building up to future levels without the necessary waste and burdens of overcapacity that is not currently needed.

You try to assert that there are fundamental foundational or building on top of bitcoin flaws, but you are largely throwing out non-backed up nonsense rather than really working with both pluses and minuses, you exaggerate and harp on supposed negatives that ends up in a bunch of bullshit speculation about scenarios that have about a snowballs chance in hell to play out as you hypothesize.

[infofront]

more blah blah blah

When boom soiree, sir?

Look to The Mayor's coming on the first light of the fifth day. At dawn, look to the east.

[Rosewater Foundation]

more blah blah blah

When boom soiree, sir?

Look to The Mayor's coming on the first light of the fifth day. At dawn, look to the east.

[JayJuanGee]

So you can expect that (Satoshi not Core) Bitcoin will be only for $billionaires by then with $50,000 transaction fees. But that is what is necessary for our BTC to go to $1 million.

Again I don't understand what the fuck you are talking about.. because now you seem to be suggesting that you will have to be a billionaire to be able to use bitcoin by 2032?  sounds like nonsense to me.  Have you heard of segregated witness that facilitates the development of second layer solutions, such as lightning network?   The combination of on-chain and off-chain solutions, and various developments in that direction will likely negate your suggestions that bitcoin is evolving into elitism.

short version, from my limited understanding: if you have coins that you have had pre aug 2017 (the core/bcash split) and have only been moved to legacy core addys since (and are not contaminated with segwit lineage), those are so called satoshi coins and will survive a segwit doom scenario.

last of the v8s posted a link upthread to the satoshi coin site run (afaik) by trilema.

i have made sure the bulk of my coins from have stayed in non segwit addys, most from paper wallets from 2013.. after the split (bcash and core are considers splits from the satoshi coin chain) i xfred to non segwit core addys and sold that bcash crap).

i do have some segwit coins, those are the "spending" coins i use for buying stuff like pm and newegg etc. satoshi coins are for long term hodl.

Long story short, you seem to be buying into nonsense.  I have no problem with the idea of keeping your coins in various location, just in case, but seems like a lack of prudence to base your life on the bunch of nonsense speculative scenarios of FUD spreaders that have low chances of playing out anywhere near their doom and gloom projects... furthermore, your behavior seems to play into their ill-intended and devilish hands.

[JayJuanGee]

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

Almost zero percent chance of happening.

There is a battle going on, and you are not going to reach any kind of meaningful state of stability during a battle that needs a quite a bit of time to play out (and with BIG players, too, attempting to win hearts, minds and finances).

[JayJuanGee]

Seems like you are transitioning over to the darkside, infofront?

Nein. Just trying to think about bitcoin more critically. I won't be pulling an Adam.

I hope not.... Adam did go from a somewhat normal bitcoin enthusiast into increasing and increasing levels of lunacy... Not a good place to be. 

I do think that with your recent assertions you are giving too much benefit of the doubt to FUD spreading scenarios which may be causing you to engage in some personal practices that are playing too much into their hands (nothing wrong with hedging a bit, but playing into their hands can cause some counter-productivity). 

Furthermore, nothing wrong with critical thinking.. I agree that we all need to attempt to do a decent amount of that, especially in the crypto space and attempting to sort the wheat from the chafe - including sorting the good information from the misinformation.

[JayJuanGee]

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.

I dont use segwit for storage, not because of the FUDsters, but because it was not clear if the segwit adress use the same private key of the legacy adress that was used to create it, or if it dont have a private key at all. Since this was never cleared, I keep the cold storage in legacy adresses. Today, this dont make too much of a difference, since the fees are very low.

A legacy address start with 1, a segwit start with 3. This was technically cleared, and it dont matter when the address was created.

I agree for hodlers it doesn't make a difference.

But then if the threat is real, why use segwit addresses or bitcoin completely at all? You wouldn't even use bitcoin and probably want to dump it away if you even have the slightest doubt about his security.

See what the Fudcaller have done to you?

Now you have doubts and thinking if btc is safe or not. Safety is the #1 selling point of bitcoin.

fabiorem does not tend to post here with genuiness, anyhow.  S/he seems part of the FUD spreading apparatus.

[infofront]

How to spot the bottom of the BTC bear market

[Rosewater Foundation]

How to spot the bottom of the BTC bear market

Nobody ever expects a boom soiree. Hopefully a lot of these tards get left behind when it starts...any minute now.

[JayJuanGee]

%43 btc dominance

Well, at least we get a silver lining.

"we"  ? 

Are you one of the described "we", jbreher?

Of course. If you don't know I have significant holdings of BTC, you haven't been paying attention.

Holding and trading BTC is one thing, but psychologically identifying as one of the "bitcoin in-group folks" - especially while simultaneously supporting BTC attack vectors (such as Bcash and whatever other BIG blocker nutjob talking point flavor of the month) seems to be a bit of a different animal and seems a lot more difficult to fit into "we" camp.. 

Maybe I could consider you to be similar to an evangelizing relative that "we" cannot get rid of or avoid during annual Thanksgiving gatherings.