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

[realr0ach]

a shitcoin with a value of $0.

That's what all digital craptocurrencies are.  Spending money to mine silver or gold gives you a useful product.  Spending money to mine shitcoins just gives you an empty husk of sunk cost fallacy.

[JayJuanGee]

What I don't get is why ethereum had $130-ish billion market cap in January and now Bitcoin has $100 billion cap.  How can one explain the claims that the current price of Bitcoin is too high and not sustainable, given that only 1% of the average Joe that heard about Bitcoin knows about ethereum (at least from my personal observations)? And if Bitcoin didn't go south, ethereum would have easily sustained that market cap. I have only one word: manipulation!

Can you elaborate? 

You don't believe in market forces?

Whether sustainable or not, there are a lot of shit coins out there, including ethereum, that have hype, so hype is not manipulation because there are still people and institutions who are buying it (whether for legitimate and sustainable reasons or pure hype).

Another thing about manipulation, there do seem to be some fairly solid theories that there are some financial institutions and governments that are lending various kinds of support to ethereum, and allowing ethereum to serve as a distraction to bitcoin (and a potential stronger competitor)... the SEC's tentative assertions that  Ethereum is not a security would be one of those.   

I believe that a lot of folks who attempt to follow various aspects of the crypto space would agree with you that there are kinds of manipulation going on, but the concept of "manipulation" by itself is not enough to explain because it is coupled by a variety of free market force dynamics too.

If you believe manipulation is a dynamic that exists on its own with any kind of predetermination and ability to meaningfully control for long periods, then you are devolving into Torque-like thinking - if there is such a classification... 

[bones261]

a shitcoin with a value of $0.

That's what all digital craptocurrencies are.  Spending money to mine silver or gold gives you a useful product.  Spending money to mine shitcoins just gives you an empty husk of sunk cost fallacy.

You already know the usefulness of something is not what makes something more suitable to be used as money.  Otherwise, foodstuff, land, oil, water, and the air, would be more suitable than gold or silver for money, which they are not. Your other arguments focusing on fungibility, durabilty, portability etc are much more sound. Come on now. 

[mymenace]

https://www.youtube.com/watch?v=3vw9N96E-aQ

buckle up

Reminds me of a track my old band recorded entitled "Paranoid Delusions"....

Yeah gets freaky and scary when you fail to recognize the impact of Central Banks on everyday lives, as for the other stuff

1) I am not an American
2) If the other stuff is real, its global

Things I thought I would never see

a) 11 saudi princes arrested
b) DOJ, FBI, CIA corruption exposed
c) North and south Korea working together

[B1tUnl0ck3r]

a shitcoin with a value of $0.

That's what all digital craptocurrencies are.  Spending money to mine silver or gold gives you a useful product.  Spending money to mine shitcoins just gives you an empty husk of sunk cost fallacy.

You already know the usefulness of something is not what makes something more suitable to be used as money.  Otherwise, foodstuff, land, oil, water, and the air, would be more suitable than gold or silver for money, which they are not. Your other arguments focusing on fungibility, durabilty, portability etc are much more sound. Come on now. 

post collapse, once the stocks of powder munition are depleted, this become king :



silent, long range, precise... easy to mfg...

[JayJuanGee]

i spent coins early on whenever i had the chance just to support the ecosystem and support vendors who accepted btc. at todays prices i dont even want to think about the value of the coins i more or less blew just to support the ecosystem, but i dont regret it a bit. after all its we who are proving the value of btc. we need to prove it "just works." to me that btc was well spent.

Thanks for the response, and it seem that we agree about a lot of things, except perhaps regarding the contributions of the ideas of what I believe to be a disingenuine troll, anunymint.  You seem to be giving way too much credit to his ideas and arguments, but whatever, we will see how long anunymint's troll life will last. 

From my perspective, hopefully, he does not establish a long one (several years) like Roach... or even a medium long one like NOTlambchop (a bit over a year for himself/herself and seemingly over two years with what seemed to be his/her various sockpuppets).

Regarding your substantive point, cited above, I have pretty much maintained a system in which I replace any bitcoins that I spend, and even though I don't go out of my way to spend bitcoins, if I find an opportunity to spend them that does not seem to be too much of a burden, then will soon thereafter replace any spent bitcoins.  I was a lot more adamant and nervous to replace them right away in the early 2014 to the early-to-mid 2016 time period when I was engaging in a lot more BTC accumulation (largely establishing my BTC postion - at least up to late 2014 and a kind of maintenance of BTC holdings thereafter). 

These days a remain a lot less nervous about immediately replacing any BTC that I might spend, but I still attempt to reasonably plug the dollar amounts of any spent coins into my authorized buy back amounts.  So for example, let's say that I go out and I see a 5% discount on a $1,000 product, if I buy with bitcoins (only way to get the discount is with bitcoins).  I would be like "wow", that seems like a decent enough incentive for me to spend some bitcoins.  Therefore, I spend $1,000 in bitcoins to buy the product, with a $6,300 exchange rate. (actually, 5% means that the seller is giving me the equivalent of $315 extra for my BTC ($6,300 x .05), which is $6,615. 

In the 2014-2016 period, I would nearly immediately lock in the 5% profits by buying back BTC immediately around $6,300.  These days, I might let the profits ride a little bit.  Therefore with the $1,000, for example, I might set buy-back orders at $100 increments, or some other reasonable ladder down the chain.. So maybe I conclude that $6700 is about as low as is reasonable in our current BTC trading range so I would set about 6 buy orders of a bit larger than $1,000 ($1,000/6 = $167)... maybe around $200 for each buy back order at $6,200, $6,100, $6,000, $5,900, $5,800 and $5,700) .. so if all of the orders fill, I end up buying back around $1,200 worth of BTC for the $1,000 that I spent.  One other tip is that I would not set my buy back orders exactly at the round numbers of the $100 increments, but instead set the orders a bit above the $100 increments in order to increase the likelihood that they will fill and not reverse just prior to filling at the round numbers where everyone (including BIG whales) tend to quickly set their attempts at BTC price manipulation orders.

[jojo69]

https://www.youtube.com/watch?v=3vw9N96E-aQ

buckle up

Reminds me of a track my old band recorded entitled "Paranoid Delusions"....

ffs

tell me people aren't seriously buying this

[mymenace]

https://www.youtube.com/watch?v=3vw9N96E-aQ

buckle up

Reminds me of a track my old band recorded entitled "Paranoid Delusions"....

ffs

tell me people aren't seriously buying this

What do you think, brexit was, the italian politics,  US election

What do you think millions of people gathering around the world sharing information and hunting criminals are wasting time

Its a global movement under the banner of this Q

whether you believe it or not

millions of other people do


As for me, what I do know

Central Banks are criminal
Bush/Blair/Howard will be taken to court for WAR CRIMES
Obama government criminal
Corrupt are being hunted - this part is awesome, because I can see the corrupt panicking

[bones261]

Thanks for the response, and it seem that we agree about a lot of things, except perhaps regarding the contributions of the ideas of what I believe to be a disingenuine troll, anunymint.  You seem to be giving way too much credit to his ideas and arguments, but whatever, we will see how long anunymint's troll life will last.  

From my perspective, hopefully, he does not establish a long one (several years) like Roach... or even a medium long one like NOTlambchop (a bit over a year for himself/herself and seemingly over two years with what seemed to be his/her various sockpuppets).

Anonymint has been around for years, using various alt accounts. Many of his other accounts were banned. (Although I am not sure they were permabanned.) I believe he came on the scene in 2012, but could have been even earlier. He just hasn't frequented this thread. However, it appears that he doesn't tolerate being the lone wolf for long. This thread didn't appear to give him many allies to root for him. Therefore, he is moving on. Chances are his current account of anunymint will likely get banned too. He'll just show back up in a few months/years using a new account.

[B1tUnl0ck3r]

do you think the real estate agent will admit DEFEAT and ADMIT that CRIMEA IS RUSSIAN FEDERATION TERRITORY? or like a little weasel from NYC he will play, delay and deny? who knows... he better chose, because his peons (like mudd, comey and all the gang of incapable) have proven how lame they are regarding pulling tower down.

BITCOIN WILL STAND LONGER THAN ALL THE WTC (1,2 and 7) combined.



because in my game deploying a fast burn chemo/bio over virginia is always an option I love, specially during a back to school.

only way to "speak" with those ghools.

[Robin,Hood]

So far this has been the longest downward period

[B1tUnl0ck3r]

So far this has been the longest downward period

look one year ago where we were... they just tried to push it super high, to then demoralize us...

without usd fiat the american oligarchy collapse in rampage from inner cities, and their mcmansion will burn with them inside.

[JayJuanGee]

Wall Observer BTC/USD - Bitcoin price movement tracking & discussion is not the true vision of infofront.

infofront's true vision wouldn't let trolls to hijack this thread so easily. If this shit keeps happening, I'll have no choice but to fork this thread and start it again as it meant to be.

The new W/O thread will be ripped off from any troll protocols (like anonymint, roach, jbeher and other retards) and only infofront's true protocol to be left.

Raise hands now.

P.S: I won't be reverting your past crap. Your past messages (troll or not) will be safe.  I'll copy everything from this topic one by one but (tr00) moderation will be taking place by the page 20781.

Even though your post comes off as a bit of a seeming joke, I get the sense that you are serious.

Don't get me wrong.  I am fairly critical of infofront's latest announcement that he is following the segwit skeptical ideas of folks like anunymint with a decent portion of his storage bitcoins by keeping them in legacy addresses.... so yeah, seems like bullshit to do it and like bullshit to announce that you are doing it in favor of what some of the trolls, shills and bitcoin attackers want peeps to do.

So, yeah there can be some issues with his tolerance of some of the ideas of seemingly obvious troll/shills like anonymint, roach, jbreher, who seem to go beyond with their presentations of what seems to be disinformation.  So, yeah, even though each of us might, from time to time, draw the line more strictly than infofront, there is way too insufficient of evidence to suggest that he has either sold out too trolls or that overall his discretion has gone beyond the pale by allowing a decent amount of the posts of these trolls.

I think that overall, we cannot let the "perfect" be the enemy of the good, and on balance infofront continues to establish decently sufficient discretion with his moderation and life/time balances.  Also, I don't think that he manipulated the self-critical poll that overwhelmingly showed that WO participants remain content with his strike of balance.  Further, I cannot recall if you ran for "ownership of the WO thread", but the votes were overwhelming in favor of Infofront, and even if we were to conduct a thread ownership change vote again today (assuming that theymos et al would even be receptive to such a change) or in the near future, it remains strongly likely that the vast overwhelming majority of eligible voters would support infofront...

Go ahead, Mindrust, see if you can garner support for a WO 2.0 thread.  I would likely participate in such thread, just to see how it goes (because in theory it is not a bad idea, and your intentions seem good), but I doubt that even your more strict troll-booting strategy would result in a better WO thread that also allows for a diverse set of ideas that weigh on the side of allowing discourse (even some trolling and shills, as long as they can present substantive points), as Infofront's ongoing approach seems to accomplish a decent balance.  

Furthermore, network effects?  It could take a few years to accomplish any kind of following within a WO 2.0 thread, that is assuming that you would be able to gain momentum in that direction.. good luck.      

About 3 hours ago I messaged infofront to tell him I have left this thread. 

Yeah right!  Take this "promise" with a BIG ass grain of salt.  Trolls/shills make these kinds of going away promises all the time, but they tend to last for years and come back from time to time to clarify and "enlighten" the rest of us to their doom and gloom bullshit, and new revelations that they have discovered within their tend to be small, smarter than the rest of us brains.

[B1tUnl0ck3r]

Wall Observer BTC/USD - Bitcoin price movement tracking & discussion is not the true vision of infofront.

infofront's true vision wouldn't let trolls to hijack this thread so easily. If this shit keeps happening, I'll have no choice but to fork this thread and start it again as it meant to be.

The new W/O thread will be ripped off from any troll protocols (like anonymint, roach, jbeher and other retards) and only infofront's true protocol to be left.

Raise hands now.

P.S: I won't be reverting your past crap. Your past messages (troll or not) will be safe.  I'll copy everything from this topic one by one but (tr00) moderation will be taking place by the page 20781.

Even though your post comes off as a bit of a seeming joke, I get the sense that you are serious.

Don't get me wrong.  I am fairly critical of infofront's latest announcement that he is following the segwit skeptical ideas of folks like anunymint with a decent portion of his storage bitcoins by keeping them in legacy addresses.... so yeah, seems like bullshit to do it and like bullshit to announce that you are doing it in favor of what some of the trolls, shills and bitcoin attackers want peeps to do.

So, yeah there can be some issues with his tolerance of some of the ideas of seemingly obvious troll/shills like anonymint, roach, jbreher, who seem to go beyond with their presentations of what seems to be disinformation.  So, yeah, even though each of us might, from time to time, draw the line more strictly than infofront, there is way too insufficient of evidence to suggest that he has either sold out too trolls or that overall his discretion has gone beyond the pale by allowing a decent amount of the posts of these trolls.

I think that overall, we cannot let the "perfect" be the enemy of the good, and on balance infofront continues to establish decently sufficient discretion with his moderation and life/time balances.  Also, I don't think that he manipulated the self-critical poll that overwhelmingly showed that WO participants remain content with his strike of balance.  Further, I cannot recall if you ran for "ownership of the WO thread", but the votes were overwhelming in favor of Infofront, and even if we were to conduct a thread ownership change vote again today (assuming that theymos et al would even be receptive to such a change) or in the near future, it remains strongly likely that the vast overwhelming majority of eligible voters would support infofront...

Go ahead, Mindrust, see if you can garner support for a WO 2.0 thread.  I would likely participate in such thread, just to see how it goes (because in theory it is not a bad idea, and your intentions seem good), but I doubt that even your more strict troll-booting strategy would result in a better WO thread that also allows for a diverse set of ideas that weigh on the side of allowing discourse (even some trolling and shills, as long as they can present substantive points), as Infofront's ongoing approach seems to accomplish a decent balance.  

Furthermore, network effects?  It could take a few years to accomplish any kind of following within a WO 2.0 thread, that is assuming that you would be able to gain momentum in that direction.. good luck.      

About 3 hours ago I messaged infofront to tell him I have left this thread. 

Yeah right!  Take this "promise" with a BIG ass grain of salt.  Trolls/shills make these kinds of going away promises all the time, but they tend to last for years and come back from time to time to clarify and "enlighten" the rest of us to their doom and gloom bullshit, and new revelations that they have discovered within their tend to be small, smarter than the rest of us brains.

the plan to use segwit coin while keeping real bitcoin to fork is smart... it was explained a few post earlier.

wrong, perfect is the only path against the leeches, scamers and all their cohort of minion who have for centuries enslaved mankind.

[JayJuanGee]

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.

Pretty sure all of my bitcoin’s are in addresses begginning with a 1
I will need to check this tonight

But yes I am the sole owner of every single private key.

It would have only become possible to move to a segwit address in about late August 2017... so any coins that have not been moved before that would be in legacy addresses by default.  There has been no automatic conversion to segwit addresses of legacy addresses (and I am not sure if such automatic conversion/movement would be possible).

[B1tUnl0ck3r]

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.

Pretty sure all of my bitcoin’s are in addresses begginning with a 1
I will need to check this tonight

But yes I am the sole owner of every single private key.

It would have only become possible to move to a segwit address in about late August 2017... so any coins that have not been moved before that would be in legacy addresses by default.  There has been no automatic conversion to segwit addresses of legacy addresses (and I am not sure if such automatic conversion/movement would be possible).

one sure thing I don't have the will to understand this artificial shitshow, so imagine what noob feel about it? the dumb fuck jump, they don't care, and the other are lost facing such division. like an outsider watching the soft civil war in the usa... where pedo hillary and her friends are all immune from prosecution and cocaine users are hunted worst than jihadis terrorists, where kids are pumped with anti adhd or what ever crap the terrorists of the psychiatric institution decide to push after having lost the market of killing gays.

ps, thanks for your clarification...

[mymenace]

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.

Pretty sure all of my bitcoin’s are in addresses begginning with a 1
I will need to check this tonight

But yes I am the sole owner of every single private key.

It would have only become possible to move to a segwit address in about late August 2017... so any coins that have not been moved before that would be in legacy addresses by default.  There has been no automatic conversion to segwit addresses of legacy addresses (and I am not sure if such automatic conversion/movement would be possible).

one sure thing I don't have the will to understand this artificial shitshow, so imagine what noob feel about it? the dumb fuck jump, they don't care, and the other are lost facing such division. like an outsider watching the soft civil war in the usa... where pedo hillary and her friends are all immune from prosecution and cocaine users are hunted worst than jihadis terrorists, where kids are pumped with anti adhd or what ever crap the terrorists of the psychiatric institution decide to push after having lost the market of killing gays.

ps, thanks for your clarification...

Run to legacy addresses
Only bitcoiners no the real fear in not having legacy addresses
Always diversfiy your assets


Bitcoin is the weapon (why it was made)
Central Banks are the enemy

And you Soldier are the instrument to take down the criminal cabal





A tale of 2 worlds
Fairytale by mymenace

World 1
1) Obama becomes president 2008
2) Obama carries on Bush tradition
3) World gets worse

World 2
1) Fake president Obama elected
2) Release the Kraken (Bitcoin 2009)
3) Finished product complete 2010 (*Except for BitDNS - fast payment options) - Obama's CIA/NSA/FBI infiltrated forum board (satoshi RRRUUUUUNNNs, he knows who is in power)

[B1tUnl0ck3r]

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.

Pretty sure all of my bitcoin’s are in addresses begginning with a 1
I will need to check this tonight

But yes I am the sole owner of every single private key.

It would have only become possible to move to a segwit address in about late August 2017... so any coins that have not been moved before that would be in legacy addresses by default.  There has been no automatic conversion to segwit addresses of legacy addresses (and I am not sure if such automatic conversion/movement would be possible).

one sure thing I don't have the will to understand this artificial shitshow, so imagine what noob feel about it? the dumb fuck jump, they don't care, and the other are lost facing such division. like an outsider watching the soft civil war in the usa... where pedo hillary and her friends are all immune from prosecution and cocaine users are hunted worst than jihadis terrorists, where kids are pumped with anti adhd or what ever crap the terrorists of the psychiatric institution decide to push after having lost the market of killing gays.

ps, thanks for your clarification...

Run to legacy addresses
Only bitcoiners no the real fear in not having legacy addresses
Always diversfiy your assets


Bitcoin is the weapon (why it was made)
Central Banks are the enemy

And you Soldier are the instrument to take down the criminal cabal





A tale of 2 worlds
Fairytale by mymenace

World 1
1) Obama becomes president 2008
2) Obama carries on Bush tradition
3) World gets worse

World 2
1) Fake president Obama elected
2) Release the Kraken (Bitcoin 2009)
3) Finished product complete 2010 (*Except for BitDNS - fast payment options) - Obama's CIA/NSA/FBI infiltrated forum board (RRRUUUUUNNN we know who is in power)

only world : people liberation army of china get an yuan equipment power 100x time western one. corrupt pedo in the west rally and try to divert from their crimes (flying jeffrey slave aircraft and vakay in the rape islands, beach or uk) and then are all killed.

btc is irrelevant

the iq of mudd or comey isn't a threat... it's more like little ants trying to open a door... they are dumber than rocks, their actual and past cic are all total coward who just like to be in the pussy of their bimbos.... little peons.

[Rosewater Foundation]

This thread is numpty today. What happened? All the sane people took the weekend off?

[bones261]

It would have only become possible to move to a segwit address in about late August 2017... so any coins that have not been moved before that would be in legacy addresses by default.  There has been no automatic conversion to segwit addresses of legacy addresses (and I am not sure if such automatic conversion/movement would be possible).

No you cannot convert a legacy address to a segwit address. The addresses that start with a 1 can only be spent with the Pay to public key hash protocol. You also cannot covert a legacy multisig address to a segwit address, even though they both can use the pay to script hash protocol. The script hash used in legacy multisig is generated from a different redeem script than a segwit address. I am not quite sure how the new Bech addresses exactly work. But they use a totally different protocol as well and can only be used for segwit.