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

[LFC_Bitcoin]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

[1713980486]

1713980486

[1713980486]

1713980486

[JayJuanGee]

Whatever they do the exchanges will still call it Bcash ABC or whatever. They might think they're ditching the bcash name, but they're stuck with it.

Haha. You funny guy.

None of the exchanges that matter call Bitcoin Cash 'BCash'. What makes you think they'll start now? Proof of Social Media?

I know yobit calls it Bitcoin Cash, but exchanges that matter like cryptopia call it BCash.

Anyone who is anyone calls it bcash... 

[Torque]

Can't wait until BCash SV gets forked. Wonder what they'll name it?

[El duderino_]

i just read nano saying his wife not impressed with BTFD........


WHAT IF



all wifes are making the man sell there coins for ^

?? ? ??

not under my roof but BUT

[Kylapoiss]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

Other way around for me, normally I sleep already this time (almost 11PM), but today's going to be a long evening, I rather see it crashing live than in the morning.

[El duderino_]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

EASY just on its way to 5-DIG first destination

remember your gonna sleep as one of the TWO on the follow pic.  (as wake up as do anything)



BETTER ALWAYS BE THE LOWER obviously........

hey goodnight and good luck on STAYING @that bottom winning guess

me following Kylapoiss.... always stay up later and witness action

[jbreher]

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

Yes, mostly useless. What do you think?

I think bitcoin has already proven itself to be useful as cash.

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

Agreed. So make the case that requirement is part of 'satoshi's vision'.

Fungibility is a fundamental and desirable property of cash - even electronic cash. If Satoshi's vision was "electronic cash", we cannot have that with a completely transparent, public blockchain and non-fungible units of currency.

Not bad. However...

Fungibility is not a binary property. It is a sliding scale. USD are not perfectly fungible. Is USD -- even in tangible form -- not cash?

[JayJuanGee]

So I would not become too self-congratulatory and smug if I were you

Good advice. I will probably eat dirt on the next trade.

Surely, it feels good to have wonderful trading days, so congratulations on that, yet ultimately, I don't see any kind of fruitfulness in wanting to play a "told you so" game, unless we are dealing with trolls. 

There are a variety of guys and gal in this thread that employ various kinds of strategies, and are also trying to work out what is good for them.  Some of them are not able to employ either what I do or what you do, but surely it is likely helpful that you share a lot of your details on a relatively contemporary basis... Of course, you cannot share every little thing, but you do tend to share your overall view and sometimes some specifics of your strategy, which surely can be helpful in terms of consideration of possible approaches.... that hopefully, will also include guys and gal, personally customizing any actual employment of such.

[HI-TEC99]

What did I miss with all the hats here?

It's because we found out the meaning of life is "People aren't wearing enough hats". This link explains the meaning of life.

[jbreher]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

Another reason for my earlier claim (which I won't repeat out of respect for the thread).

The days of CPU power mattering in Bitcoin mining are long gone. I don't think Satoshi really included Asics and mining centralization in his vision. So a project that actually is CPU mineable may also conform more closely to his vision.

Bitcoin mining ASICs each consist of hundreds of very simple CPUs. MyHatIsTwoSharks.png

And yes, Satoshi explicitly said he expected as much.

[LFC_Bitcoin]

Craig Wright is tweeting literally every 10 minutes tonight


Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.

In mid to late 2019, I will explain it.

It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

Sorry. You allowed Core to kill BTC.

I did try and stop you.

[starmman]

interesting pricing dynamics today =)

surprised bitcoin cash is taking everything out today

get some cheap coins whilst you can...

[jbreher]

But we have run out of toilet paper.

And we have a very grody bathrobe. Take that thing off, willya? It stinks! What with shit all over it and everything.

[Kylapoiss]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

EASY just on its way to 5-DIG first destination

remember your gonna sleep as one of the TWO on the follow pic.  (as wake up as do anything)



BETTER ALWAYS BE THE LOWER obviously........

hey goodnight and good luck on STAYING @that bottom winning guess

me following Kylapoiss.... always stay up later and witness action

Yeah let's keep the spirit up, away you stay 4xxx!

[HairyMaclairy]

This is only a 12% swing.   We have all gotten soft.

In the olden days we would do 20% before breakfast.

[JayJuanGee]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

[Kylapoiss]

This is only a 12% swing.   We have all gotten soft.

In the olden days we would do 20% before breakfast.

We're heading for the golden days now and money wise 12% (even more 20%) is way more scary.

[jbreher]

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

[JayJuanGee]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.

That's ridiculous.

Now decentralization is not important?

Seems like bitcoin's pow is of central importance in bitcoin that facilitates decentralization because it causes incentives for people who don't trust each other to mine and to secure a network that becomes secure and immutable because it is not controlled by any particular one of them nor any small group.

In other words, decentralization seems to be imbedded in the actual outcome of bitcoin and not the means to some other end that you seem to be amorphously referring to.

Furthermore, currently, it seems that bitcoin has become the most decentralized value mechanism to ever have existed (at least so far), so maybe just an accident that bitcoin has achieved such a high level of decentralization (that was by no way intended, according to your sharing of your profound moments of wisdom).         

[jojo69]

I think 4650 will hold.