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Question: What year will we achieve a new ATH?
2019 - 43 (28.7%)
2020 - 59 (39.3%)
2021 - 34 (22.7%)
2022 - 8 (5.3%)
2023 - 1 (0.7%)
Never - 5 (3.3%)
Total Voters: 150

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21180493 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
goldkingcoiner
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August 06, 2018, 05:56:32 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

I meant you need to prove that you have over 5 bitcoin’s to be invited. Otherwise we’ll end up with no coiners & ‘low coiners’ Grin
I don’t want to share my Cristal & lobster with peasants.

Prove right now to us how many BTC you have. I am dubious when it comes to loudmouths screaming peasants while drinking overpriced mediocre quality champagne... Anyone who has not inherited their fortune knows what the good shit really is.
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August 06, 2018, 05:58:27 PM
Merited by BobLawblaw (2)

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  Cool

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.
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August 06, 2018, 06:01:37 PM

That's not entrance fee. That's how much should be left in the wallet, after paying let's say 0.1 entrance fee.

Entrance fees ?

How gauche.

Seriously.

By the time Bitcoin reaches the requisite valuations to throw this party, I would feel shame asking for admission to attend, if people can prove a bare minimum HODLing.

Sheeit. I imagine just Rick and myself could solely fund the party ourselves in some obscenely obscure tropical locale.

Point being, there should be enough people within the "party-planning inner-circle-committee" to self-fund the party without needing to resort to... (gags) entrance-fees.

I haven't paid entrance fees to attend parties in at least two decades. Not about to start demanding that of people attending whatever soiree I'm going to involve myself with.

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...
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August 06, 2018, 06:05:55 PM

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...


no place for straight folk?
the image of 55 gallon lube canisters does not really excite me in the slightest  Grin.
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August 06, 2018, 06:07:00 PM

no place for straight folk?
the image of 55 gallon lube canisters does not really excite me in the slightest  Grin.

Straight folk will party in the front.

I'm talking about the party in the back.
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August 06, 2018, 06:08:32 PM


Random thoughts spurred by referenced article:

1) After clarifying that, under current US regulatory regime, Bitcoin is classified as a commodity, the author goes on to describe requirements for entities dealing in commodity futures. Relevance? None that i can see.

2) Unless, as seems likely from the article, ICE is planning to be able to engage in partial reserve Bitcoin trading:
"The federally-regulated exchanges require clearing services that effectively remove credit risk for both the buyer and seller. The clearing house guarantees that the seller will deliver the sugar, coffee, or gold as agreed under a futures contract, and that the buyer will make the full payment. If either fails to perform, it’s the clearing house––which is jointly funded by the trading firms that are members of the exchange and its owner, in this case ICE––that makes good on the delivery or the cash."
We -- the Bitcoin community -- may need to crank up our educational outreach to clarify to the incoming masses that a Bitcoin IOU is not the same thing as a Bitcoin.

3) "By the market close, the ICE clearing house would have arranged to route the cash from the buyer’s to the seller’s bank account, and the Bitcoin tokens would be en route the to the Bakkt digital warehouse." Huh

4) Article describes txs between parties within the Bakkt system as simple database txs, then later goes on to describe this as 'closely resembling the Lightning Network'. I question they know WTF they are talking about,. Perhaps the ignorant author got snowed by Loeffler, the former ICE marketeer and master of outbound communications?

5) ”Bitcoin would greatly simplify the movement of global money,” says Sprecher. “It has the potential to become the first worldwide currency.” - needs no comment Smiley

6) "If Bitcoin became the chief currency for retail, it’s likely that credit cards would disappear.
So would ICE and Bakkt be antagonizing ICE’s main customers, the major banks? Not necessarily. Despite the large fees, banks typically make little money processing purchases, since they mainly return those fees to provide services such as fraud monitoring, call centers, and providing rebates that go to such rewards as frequent flyer miles and rental car discounts. Where the banks make big money is on the interest charged on balances on credit cards. Changing the purchasing system wouldn’t alter the amounts that folks borrow, just where they hold those balances."
Bitcoin credit. Hmm.

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August 06, 2018, 06:08:52 PM

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  Cool

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.

by latest estimates, there are less than 10,000 wallets with more than 100 btc.
I saw the edit.
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August 06, 2018, 06:09:20 PM
Merited by BobLawblaw (10)

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...

Sorry Bob, but that's just a little too brokeback for some of us breeders.  Cheesy

Straight folk will party in the front.

I'm talking about the party in the back.

Oh OK. Just saw your post.

Liquor in the front, poker in the rear?
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August 06, 2018, 06:19:30 PM

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  Cool

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.

by latest estimates, there are less than 10,000 wallets with more than 100 btc.
I saw the edit.

So the best option can be 20. But if you look really 5-10 is not so much.
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August 06, 2018, 06:19:47 PM

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August 06, 2018, 06:23:14 PM

https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam
Quote
According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”
shut.them.down.lol

Indeed. I would like to hear Jamie explain - if the gubmints can't control cryptocurrencies, how are they gonna shut them down?
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August 06, 2018, 06:44:47 PM

https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam
Quote
According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”
shut.them.down.lol

Indeed. I would like to hear Jamie explain - if the gubmints can't control cryptocurrencies, how are they gonna shut them down?

Quote
Dimon also made a point of calling blockchain technology “real,” –– while implying that crypto is not

Typical. The banksters all chant the shibboleth "blockchain technology good, Bitcoin bad" while totally missing the point.

There's nothing wrong with "blockchain technology" but the real breakthrough and value of Bitcoin lies in decentralization and lack of control.
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August 06, 2018, 06:45:57 PM

Dumping the whole space into years long despair oblivion could work for a while.
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August 06, 2018, 07:02:51 PM

I'll drive a fucking military tank. Gotta protect those hardware wallets from you crazy nuts in case I get drunk

 I would worry less about your private keys and more about your private parts.  You need a chastity belt rather than a tank if you plan to get drunk.
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August 06, 2018, 07:04:10 PM
Merited by JayJuanGee (1)

Dumping the whole space into years long despair oblivion could work for a while.

Bro, you seem to be getting more and more morose every day.

I realize you've had health issues lately but for your own good, I think you should try to foster more positivity.

I stumbled on this PDF I downloaded months ago and started reading it. I think it might have been from a link here in the WO.

Dude thinks a lot like me. Give it a try.

http://www.lequydonhanoi.edu.vn/upload_images/S%C3%A1ch%20ngo%E1%BA%A1i%20ng%E1%BB%AF/Rich%20Dad%20Poor%20Dad.pdf
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August 06, 2018, 07:05:34 PM

I would worry less about your private keys and more about your private parts.  You need a chastity belt rather than a tank if you plan to get drunk.

Ok Ok. I kid.

In all seriousness, I imagine the party - done properly - would be a black-tie affair.

I can promise Rick and I would attend, observing all proper rules of civilized, high-class, hetero decorum.
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August 06, 2018, 07:06:24 PM

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...


no place for straight folk?
the image of 55 gallon lube canisters does not really excite me in the slightest  Grin.
I'm scared. I'm out
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August 06, 2018, 07:14:28 PM

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...

Sorry Bob, but that's just a little too brokeback for some of us breeders.  Cheesy

Straight folk will party in the front.

I'm talking about the party in the back.

Oh OK. Just saw your post.

Liquor in the front, poker in the rear?

 That is comedic gold Jimbo Wink  Sorry I'm out of smerits!


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August 06, 2018, 07:18:11 PM

Dumping the whole space into years long despair oblivion could work for a while.

Bro, you seem to be getting more and more morose every day.

I realize you've had health issues lately but for your own good, I think you should try to foster more positivity.

I stumbled on this PDF I downloaded months ago and started reading it. I think it might have been from a link here in the WO.

Dude thinks a lot like me. Give it a try.

http://www.lequydonhanoi.edu.vn/upload_images/S%C3%A1ch%20ngo%E1%BA%A1i%20ng%E1%BB%AF/Rich%20Dad%20Poor%20Dad.pdf

I've read a tenth of the book so far.

Quote
One dad struggled to save a few dollars. The other simply created investments.

I hope it gets better. Undecided
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August 06, 2018, 07:25:17 PM

Dumping the whole space into years long despair oblivion could work for a while.

Bro, you seem to be getting more and more morose every day.

I realize you've had health issues lately but for your own good, I think you should try to foster more positivity.

I stumbled on this PDF I downloaded months ago and started reading it. I think it might have been from a link here in the WO.

Dude thinks a lot like me. Give it a try.

http://www.lequydonhanoi.edu.vn/upload_images/S%C3%A1ch%20ngo%E1%BA%A1i%20ng%E1%BB%AF/Rich%20Dad%20Poor%20Dad.pdf

 My sister bought me a book by Mark Manson recently.



 I think it would be a good supplemental read when you finish with Jimbo's suggestion.



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