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

[JayJuanGee]

I don't know why upwards price pressures would be reasons for getting into nonsense.

You know me. I don't really need a reason.

I would say, "grow the fuck up," but since I am in such a great celebratory mood, I cannot let your nonsense get me down.

Think about it.  A few weeks ago, BTC prices were floundering in the $5777 price arena, with Doug losing his bet, and a bit of uncertainty about whether further DOWN was coming.  Currently, we are breaking above $7,900 with a decent amount of volume and perhaps "fuck you" short recking.. so in that regard, BTC HODLers gotta feel some appreciation for a 35% price increase and seemingly continuing upwards price pressures.  Even if we skimmed a percent or two or even more off of our BTC holdings, we should still be feeling good.. and disinclined to batter around nonsense... a kind of victory for the bulls (which I fall more into that class than the opposite).  

As far as you are concerned, who the fuck knows?  Hopefully, you were able to HODL and accumulate, and now would be able to skim a little profits - but maybe you are just jaded and disjointed because you again got caught on the wrong side of the current price movement?   I am not voting against you, and as you should already know, it is hard to end up being right against me, because I give a shit about the BTC price movement in regards to preparing for price movement in either direction - even though I tend to be more happy about UP.. because of course I have been accumulating BTC since late 2013.. so UP has been the preferred price direction (and kind of assumed to be likely - even though NOT guaranteed in any respect)...

In the end, BTC HODLers and accumulators have been rewarded quite handsomely for their persistence (and accordingly, I can put myself into that camp).  If you have continued to be trigger shy in regard to your BTC practices, then maybe lashing out at BTC HODLers/accumulators gives you some sense of misplaced relief?

By the way, this current price movement is going UP good as fuck... and the UPPITY price movement seems to be eating quite well through the about 2,300 BTC that were stacked for sale between $7800 and $8k.. As I type BTC price has hit $7969, yet there is still about 700 BTC in the way of breaking above $8k.. I am likely not going to rest until we get seriously in the $10k territory... but this little price movement of the past hour and even the past three weeks, overall, starts to bring us closer to $10k striking distance.

Regarding fatty, he is a BIG blocker bcash shill, who buys a large majority of the nonsense talking points and attacks on bitcoin.

No, I don't believe he does. I believe he was one of many sock puppet accounts operated by the great and powerful NLC, and I missed it.

You would know better than me.

your proclaiming alliances with such poor judgement would not reflect well on you

I can accept that.

Hahahahaha...

a little concession.   

Regarding trolling me, I don't easily devolve into grudges, but sometimes there are at least short term cases of such... hahahahahahaha

All in good fun, brother.

Fair enough.

[marcus_of_augustus]

[Gyrsur]

Wow...the $7,800 resistance has been broken and..!!..!!...


the price is still under $10k    

Should we get started on the next blockchain? Perhaps blockchain on the cloud this time? Should we IPO? Perhaps something in Plastics? With some of that railway technology...

BIP 174 should be enough for moon.

https://github.com/bitcoin/bips

EDIT: and ASCII art of course.

What are the broader implications of BIP 174?

partial offline signed transactions. in case you're are not connected and want to transfer BTC. it's like having a secondary ledger besides the main ledger (Bitcoin blockchain) and you can sync it later. (as I understand so far.)

https://ethereumworldnews.com/de/bitcoin-improvement-proposal-bip174-offline-btc-transactions/

But who needs to trust whom? Suppose I go out into the boonies to buy some moonshine from a hillbilly. Both of us are miles away from an internet connection. We do an offline transaction. Is there any concern for either party that the other gets to an internet connection sooner than he does?

you trust the protocol which you verify with your own device which implements BIP 174. the other party signs the tx offline with his device and exchange a SD card with you. you verify the tx offline with your devices and after this you hands over the Cocaine.  


https://twitter.com/COLDCARDwallet/status/1000038022014877696/photo/1



EDIT: TOO DAA MOON!!

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[Rosewater Foundation]

[bitmover]

Time to go to bed!

[JimboToronto]

those walls must be totally gluten-free

I pity those with celiac disease. I love my gluten. I even add gluten to my dough when I bake. It's hard to get your hands on ultra-high-gluten flour unless you're a commercial bakery and even then it's not available in small amounts. It's easier to simply add gluten.

In fact I'm in the process of boiling up some gluten-rich durham semolina pasta for dinner. All this wall eating is making me hungry.

Nomnomnom.

edit: $8k yay.

[Rosewater Foundation]

As far as you are concerned, who the fuck knows?  Hopefully, you were able to HODL and accumulate, and now would be able to skim a little profits - but maybe you are just jaded and disjointed because you again got caught on the wrong side of the current price movement?

I was able to HODL. My accumulation days are behind me, I'm afraid to say. I don't really skim profits if possible. This is the whole show for me, I really don't have a plan B.

I may be jaded and disjointed. I could certainly use a stiff drink.

[Anon136]

Yess! My first meme made about me. <3

[marcus_of_augustus]

.... right JJG, where's that beer? ... thirsty work destroying walls, agile killer whales help.

[Rosewater Foundation]

those walls must be totally gluten-free

I pity those with celiac disease. I love my gluten. I even add gluten to my dough when I bake. It's hard to get your hands on ultra-high-gluten flour unless you're a commercial bakery and even then it's not available in small amounts. It's easier to simply add gluten.

In fact I'm in the process of boiling up some gluten-rich durham semolina pasta for dinner. All this wall eating is making me hungry.

Nomnomnom.

edit: $8k yay.

I don't know if you're serious or not. You tend to be serious. But good god, man. Gluten is really not good for you!

Anyway, it's really not good for me

[Rosewater Foundation]

.... right JJG, where's that beer? ... thirsty work destroying walls, agile killer whales help.

[Anon136]

Jesus Gyrsur. I want to see the real version That's some next level figure there.

you trust the protocol which you verify with your own device which implements BIP 174. the other party signs the tx offline with his device and exchange a SD card with you. you verify the tx offline with your devices and after this you hands over the Cocaine.  

I just cant wrap my head around what prevents the hillbilly from spending that input that he used in his offline transaction with me on the block-chain before I can get home and publish the transaction myself.

Really I need to actually read the whole BIP myself and stop being lazy. Was just kinda hoping someone here would have a quick answer that would bail me out of all of that work.

[JayJuanGee]

As far as you are concerned, who the fuck knows?  Hopefully, you were able to HODL and accumulate, and now would be able to skim a little profits - but maybe you are just jaded and disjointed because you again got caught on the wrong side of the current price movement?

I was able to HODL. My accumulation days are behind me, I'm afraid to say. I don't really skim profits if possible. This is the whole show for me, I really don't have a plan B.

I may be jaded and disjointed. I could certainly use a stiff drink.

Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices?  I try to share tips with folks, and yeah, I understand that it can be a bit overwhelming to attempt to employ something like I do, or some variation or even some variation that you attempt to tailor to your own situation.

There are a quite a few participants here that engage in a more pure form of HODL or at least a hybrid of it, which might be close to what you are currently attempting.  And, even though I asserted that you are a bit resentful about learning (perhaps I asserted that out of spite), there is nothing wrong with that mostly HODL strategy.. it seems to work quite well in BTC.

[jbreher]

those walls must be totally gluten-free

I pity those with celiac disease. I love my gluten. I even add gluten to my dough when I bake. It's hard to get your hands on ultra-high-gluten flour unless you're a commercial bakery and even then it's not available in small amounts. It's easier to simply add gluten.

In fact I'm in the process of boiling up some gluten-rich durham semolina pasta for dinner. All this wall eating is making me hungry.

Nomnomnom.

edit: $8k yay.

Hmm. And I thought you were a steak-protien centric sorta guy.

I guess one could be an consummate carnivore, and have a penchant for pasta besides... I just didn't see that coming.

[Rosewater Foundation]

Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices? 

I think that's an astute observation. I don't have the gumption to trade. Full-stop.

[JayJuanGee]

.... right JJG, where's that beer? ... thirsty work destroying walls, agile killer whales help.

I'm starting to get scared, because there does not seem to be anymore coins left for sale.   

Probably means that the BTC price has to go UP, and we are going to suffer with having more money to have to figure out how to spend somewhere...  In other words, from our BTC strategies (HODL and ACCUMULATL)  we seem to be returning to a status of greater rich, rather than merely regular rich.  What to do, what to do?

[jbreher]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?


edit: New thread over here -> https://bitcointalk.org/index.php?topic=4748843.0

[Gyrsur]

Jesus Gyrsur. I want to see the real version That's some next level figure there.

you trust the protocol which you verify with your own device which implements BIP 174. the other party signs the tx offline with his device and exchange a SD card with you. you verify the tx offline with your devices and after this you hands over the Cocaine.  

I just cant wrap my head around what prevents the hillbilly from spending that input that he used in his offline transaction with me on the block-chain before I can get home and publish the transaction myself.

Really I need to actually read the whole BIP myself and stop being lazy. Was just kinda hoping someone here would have a quick answer that would bail me out of all of that work.

maybe a collision if you upload the tx and he doesn't do that which prevents him to use the BTC a second time? have to read it too.

EDIT: but then you have to be fast! interesting! must study it! 

[jbreher]

Well, that was a good movie (or a well-spent 90 minutes - whatevs).

[Rosewater Foundation]

I pity those

A cup of whatever you're boiling would probably give me seizures. It's a strange new world, I promise you.