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

[Hueristic]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

thanks, good read.

ING International Survey (sample size: 14,828, source)

    66% of Europeans, 57% of Americans and 70% of Australians have heard of cryptocurrency.
    25% of Europeans, 21% of Americans and 15% of Australians expect to own cryptocurrency in the future;
    9% of Europeans, 8% of Americans and 7% of Australians currently own some cryptocurrency.

Global Blockchain Business Council Survey (sample size: 5,761, source)

    6 out of 10 Americans have heard of Bitcoin.
    Note: This is more than 2x that of a similar survey conducted in 2013

Bank of Canada Survey (sample size: 1,997, source)

    Roughly 2/3 of Canadians have heard of Bitcoin
    Less than 3% of Canadians own any Bitcoin

Those damn Canucks always behind the curve!

My take — entry point timing is a dangerous game to play…

True but those without unlimited resources have to play this game.

[Wizard11235]

Hey, guys... what do you think about Sweden Launching Fully-Regulated Bitcoin ETN for US Investors on Wednesday? Will we see any bitcoin pump or will it not affect the price at all?

here is the link : https://cryptoslate.com/sweden-launches-fully-regulated-bitcoin-etn-for-us-investors/

[bitserve]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

thanks, good read.

ING International Survey (sample size: 14,828, source)

    66% of Europeans, 57% of Americans and 70% of Australians have heard of cryptocurrency.
    25% of Europeans, 21% of Americans and 15% of Australians expect to own cryptocurrency in the future;
    9% of Europeans, 8% of Americans and 7% of Australians currently own some cryptocurrency.

Global Blockchain Business Council Survey (sample size: 5,761, source)

    6 out of 10 Americans have heard of Bitcoin.
    Note: This is more than 2x that of a similar survey conducted in 2013

Bank of Canada Survey (sample size: 1,997, source)

    Roughly 2/3 of Canadians have heard of Bitcoin
    Less than 3% of Canadians own any Bitcoin

Those damn Canucks always behind the curve!

Or maybe they know how to properly do a survey.

There's no way in hell almost 10% of europeans or americans already hold any Bitcoin. No.Fucking.Way.

[Elwar]

Whales waiting for ETF in September anyway they'll try to pump as usual, hoping for the average Joe to buy because every news channel will talk about the rise of BTC, a scenario we've seen countless of times.
We will see pumps 2 or 3 times in September, and if the ETF is accepted it should be epic  

I can see Andreas's explanation that an ETF is bad for Bitcoin.

The premise being that the ETF holding company would be in possession of a huge amount of bitcoins, which would make them a big decision maker when it comes time for things like forks and such. Exchanges already hold a large amount of sway because of this. An ETF would just add to this.

And of course, his final point was "not your keys, not your bitcoins". Never forget.

[rolling]

Hey, guys... what do you think about Sweden Launching Fully-Regulated Bitcoin ETN for US Investors on Wednesday? Will we see any bitcoin pump or will it not affect the price at all?

here is the link : https://cryptoslate.com/sweden-launches-fully-regulated-bitcoin-etn-for-us-investors/

Sounds like nothing new. It appears to be the same ETN that KNC helped launch in 2015, just quoted in USD. I think it will have no effect.

[HairyMaclairy]

This is a lovely video.  Always makes me smile.

https://m.youtube.com/watch?v=y4SCAw264qM

[HairyMaclairy]

I went to one in Germany where it's a circle with several urinals pointing inward. I think the center fills with pee and then...profit??

Historically, they used urine to tan animal skins, so families used to all pee in a pot. Once a day it was taken and sold to the tannery.

If you had to do this to survive, you were ‘piss poor.’

But worse than that were the really poor folks who couldn’t even afford to buy a pot. They ‘didn’t have a pot to piss in’ and were considered the lowest of the low.”

[lightfoot]

This is a lovely video.  Always makes me smile.

https://m.youtube.com/watch?v=y4SCAw264qM

Roger is an android? Makes sense, he probably mined bitcoins in his nipples.

[bones261]

I went to one in Germany where it's a circle with several urinals pointing inward. I think the center fills with pee and then...profit??

Historically, they used urine to tan animal skins, so families used to all pee in a pot. Once a day it was taken and sold to the tannery.

If you had to do this to survive, you were ‘piss poor.’

But worse than that were the really poor folks who couldn’t even afford to buy a pot. They ‘didn’t have a pot to piss in’ and were considered the lowest of the low.”

  snopes claims the above story to explain these two phrases is bogus. https://www.snopes.com/fact-check/one-for-the-roads-scholar/

[Icygreen]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

Thanks, yes, nice read and stats. Do we really expect 99m people are waiting to climb on board?

Not sure if it was the bullish sentiment of the article but I've been getting that same feeling as when we left the 4k's about a year ago.  So I'll just say it again.... $6xxx feels cheap as fuck!  I'm considering the decent probability that the bottom is now.  

[Hueristic]

Or maybe they know how to properly do a survey.

There's no way in hell almost 10% of europeans or americans already hold any Bitcoin. No.Fucking.Way.

Small sample size, probably taken at college campuses, and you could be right.

Historically, they used urine to tan animal skins, so families used to all pee in a pot. Once a day it was taken and sold to the tannery.

If you had to do this to survive, you were ‘piss poor.’

But worse than that were the really poor folks who couldn’t even afford to buy a pot. They ‘didn’t have a pot to piss in’ and were considered the lowest of the low.”

Still learning something new every day! W00ps guess this was wrong.

https://www.snopes.com/fact-check/one-for-the-roads-scholar/

Still didn't know the origins though.

[jojo69]

"not your keys, not your bitcoins". Never forget.

.

[theforceht]

lul

[jojo69]

is that one nocoiner taking a selfie?

prescient

[yefi]

is that one nocoiner taking a selfie?

prescient

He seems to be pulling down his loincloth and exposing his briefs as well #lowrider

[JayJuanGee]

No way that poop patrol will work...

Remember a while back when San Fransisco was famous for being a hotbed of homosexuality ?

Now it's becoming famous for being a hotbed of feces, and many centrist and right-leaning gays have fled the place entirely.

It took what ? All of a decade to transform into a literal shit-hole ?

Sad.

right leaning gays sounds like an oxymoron

[Elwar]

right leaning gays sounds like an oxymoron

I'd say that a strong minority among right wingers are closet homosexuals. Like so far in the closet that they want to pass laws to control their own urges.

[JayJuanGee]

Interesting reading while we go sideways:

https://medium.com/coinshares/half-of-the-remaining-non-minted-bitcoin-supply-is-spoken-for-10df2a45e45d

thanks, good read.

ING International Survey (sample size: 14,828, source)

    66% of Europeans, 57% of Americans and 70% of Australians have heard of cryptocurrency.
    25% of Europeans, 21% of Americans and 15% of Australians expect to own cryptocurrency in the future;
    9% of Europeans, 8% of Americans and 7% of Australians currently own some cryptocurrency.

Global Blockchain Business Council Survey (sample size: 5,761, source)

    6 out of 10 Americans have heard of Bitcoin.
    Note: This is more than 2x that of a similar survey conducted in 2013

Bank of Canada Survey (sample size: 1,997, source)

    Roughly 2/3 of Canadians have heard of Bitcoin
    Less than 3% of Canadians own any Bitcoin

Those damn Canucks always behind the curve!

Or maybe they know how to properly do a survey.

There's no way in hell almost 10% of europeans or americans already hold any Bitcoin. No.Fucking.Way.

The non-specificity of several of these kinds of polls frequently raises a lot of question about who the hell is answering and what are the specifics?   

The seeming fact that less than 1% of the whole world have any kind of meaningful bitcoin adoption tends to show that even the concept of "heard of bitcoin" will likely show that they have hardly any clue about what bitcoin actually is.  Accordingly, you can "hear" about something and not really know what it is.

I have been studying bitcoin for a few years, and I have quite a few difficulties with bitcoin.   In about November /  December, i had a "friend" who was seemingly desperate to get into bitcoin, and really wished to own a whole bitcoin.  At least, she kind of took my advice about dollar cost averaging rather than going in really deep in the supra $10k price territories.  She followed a bit of my advice (partly) and dollar cost average acquired bitcoin for several months, and then she kind of gave up.  In about April/May she was a bit despondent about Bitcoin and said something about her average cost per bitcoin being around $9k, but she had only acquired around .7BTC.   

A few times later, I asked her if she had bought any bitcoin while it was in the $6k to $7,500 price arena, and she kept coming up with excuses, and then a few days ago, she showed me that she had acquired 1 bitcoin.  She did not give me details, but I am presuming that she mostly bought in the sub $7k price arena.  And, also during that same conversation, she saw that I had opened up my zero block app on my phone, and sh asked me what was block time and what was hash rate, and when I attempted to explain, she said that there has to be a better way of explaining because she really does not know what I am talking about. 

My mom had asked me some similarly naive questions a couple of years back, and I realized that her investing into bitcoin did not really mean that she had any kind of meaningful clue about bitcoin except that I was recommending that she dollar cost average into it and to HODL it.

Part of my point here is that normal peeps don't really want to learn about bitcoin or to understand it, even if they might be investing into it.  Another part of my point, here, is that a lot of people likely have little to no clue about bitcoin, even if they have heard about it, and part of the evidence of their lack of understanding is that the global adoption seems to remain quite below 1%. and even many who actually "invest in bitcoin" are largely dabbling with quite a bit less than 10% of their investment eligible capital (to the extent that anyone has a practice to save enough to maintain some kind of investment portfolio).

[JayJuanGee]

Whales waiting for ETF in September anyway they'll try to pump as usual, hoping for the average Joe to buy because every news channel will talk about the rise of BTC, a scenario we've seen countless of times.
We will see pumps 2 or 3 times in September, and if the ETF is accepted it should be epic  

I can see Andreas's explanation that an ETF is bad for Bitcoin.

The premise being that the ETF holding company would be in possession of a huge amount of bitcoins, which would make them a big decision maker when it comes time for things like forks and such. Exchanges already hold a large amount of sway because of this. An ETF would just add to this.

And of course, his final point was "not your keys, not your bitcoins". Never forget.

Link or it didn't happen.   

[Elwar]

Here it is, Sunday night in Tahiti. What does one do with your time in such a paradise?

My gf and I are literally both calling our banks to get our accounts unlocked due to bitcoin.

Her calling Thailand, me calling Germany. Via Skype, in French Polynesia.

Such is the life of a bitcoin hodler.

I just want to get my money out of my German bank into BTC so I can close the account.