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

[vapourminer]

however i do like HM charts and thought

It's the year 2023
The Little Red Book of Comrade Hairy MacLairy Charts And Thought
-has sold over three billion copies
-has been translated into over 200 languages
-is a mandatory carry for all humans
-is available everywhere; price 6.66 satoshis
-is chanted before every lesson, lecture, meeting, game, set and match.

so.. 2023 is the new 1984?

[Ivor Biggun]

Have anyone here ever received something like this?

That is pretty wild. Explain why you have this money, because after all everyone knows it's not yours but really is someone else's loaned to you because of a specific reason.

Odd that my personal wallets never ask me questions like that. Go figure.

I'd recommend storing all wealth in something you control. Remember if you don't own your keys, you don't own bitcoins. Sounds like you own someone's fiat.

Bitfinex is now asking the same intrusive questions that bitstamp sometimes asks. They've both been hacked so I wouldn't trust them with that much personal information.

That is Bitstamp AML application form
 Banks doesn't ask question like that.
 I think  it's big abuse.   

[ssmc2]

You pay slightly over the market price but I quite like buying on Localbitcoin’s. They have an escrow type service that protects both buyer & seller.

I had to verify my real life name & address there last year though as they said I’d sold too much (it was when I converted BCH into BTC & sold the BTC’s there. It added up to I suppose what some might consider a lot (fiat wise) in a short space of time.

     I have never used Localbitcoin's, but if you are using them as an "escrow," aren't you basically trusting a third party with your coins? Plus, you reveal that you had to give them KYC information. Therefore, it appears using Localbitcoin's is only slightly better than using a standard exchange.

The few LBTC traders I've dealt with have just communicated via SMS then we meet and exchange through our phone wallets.  No escrow needed. Then I just keep their contact info for future transactions.

[ssmc2]

You pay slightly over the market price but I quite like buying on Localbitcoin’s. They have an escrow type service that protects both buyer & seller.

I had to verify my real life name & address there last year though as they said I’d sold too much (it was when I converted BCH into BTC & sold the BTC’s there. It added up to I suppose what some might consider a lot (fiat wise) in a short space of time.

     I have never used Localbitcoin's, but if you are using them as an "escrow," aren't you basically trusting a third party with your coins? Plus, you reveal that you had to give them KYC information. Therefore, it appears using Localbitcoin's is only slightly better than using a standard exchange.

I'm not seeing the advantage at all either. ATM's would be better, there are low cost ones.
KYC is the bane of crypto and the more holdouts the longer the freedom.

Not when you can find sellers with 3% markup vs up to
15% on ATM's

[Hueristic]

You pay slightly over the market price but I quite like buying on Localbitcoin’s. They have an escrow type service that protects both buyer & seller.

I had to verify my real life name & address there last year though as they said I’d sold too much (it was when I converted BCH into BTC & sold the BTC’s there. It added up to I suppose what some might consider a lot (fiat wise) in a short space of time.

     I have never used Localbitcoin's, but if you are using them as an "escrow," aren't you basically trusting a third party with your coins? Plus, you reveal that you had to give them KYC information. Therefore, it appears using Localbitcoin's is only slightly better than using a standard exchange.

I'm not seeing the advantage at all either. ATM's would be better, there are low cost ones.
KYC is the bane of crypto and the more holdouts the longer the freedom.

Not when you can find sellers with 3% markup vs up to
15% on ATM's

[realr0ach]

I'd recommend storing all wealth in something you control. Remember if you don't own your keys, you don't own bitcoins.

You and everyone else in this thread need to stop your stupidly obvious lies.  Holding private keys does not mean you control the coins.  Craptocurrency is no real difference from "cloud storage".  The designed to centralize mining monopolies (aka transaction validators) running the infrastructure are the only people who control the coins.  You have absolutely no fucking say whatsoever in whether they allow or disallow you to do something with the so called "money" you pretend to own.

Anyone who disagrees with this is an obvious liar because we've already had numerous examples of cartel collusion blacklists and arbitrary freezing of coins in almost every blockchain, from things like Silk Road coins, to Ethereum freezing coins from DAO and other stuff, to EOS blacklisting coins, the list goes on.  The blacklists and permissioned nature of the shitchain will only increase more by the day.  The term is called creeping fascism.  There's no reason anyone should ever support a non-fungible currency where transaction validators are designed to centralize (aka every single blockchain ever created).

Physical metals = permissionless and freedom.  Any digital fagchain bullshit = permissioned ledger slavery system 100% guaranteed to be a replica of the Chinese social credit score system over time.

[ssmc2]

You pay slightly over the market price but I quite like buying on Localbitcoin’s. They have an escrow type service that protects both buyer & seller.

I had to verify my real life name & address there last year though as they said I’d sold too much (it was when I converted BCH into BTC & sold the BTC’s there. It added up to I suppose what some might consider a lot (fiat wise) in a short space of time.

     I have never used Localbitcoin's, but if you are using them as an "escrow," aren't you basically trusting a third party with your coins? Plus, you reveal that you had to give them KYC information. Therefore, it appears using Localbitcoin's is only slightly better than using a standard exchange.

I'm not seeing the advantage at all either. ATM's would be better, there are low cost ones.
KYC is the bane of crypto and the more holdouts the longer the freedom.

Not when you can find sellers with 3% markup vs up to
15% on ATM's

Yeah guess I should clarify that where I live there's only a couple of them and they both are around that percentage.
I 100% agree about the KYC tho. Fuck that.

[realr0ach]

And judging by the Zerohedge vote tally today, it looks like the evil cult of Judaism and their white genocide Kalergi plan days are numbered:

https://www.zerohedge.com/news/2018-11-30/criticism-migration-will-become-criminal-offense-says-european-parliamentary-leader

[virtual2018]

BTC this December will return to 5700-5800
Someone here let me believe this life also miraculous as well as believe that BTC will rise again

[pönde]

Price has pumped while volume has declined. Good time to buy?

And now the volume a little pumped too.

[goldkingcoiner]

WTF are these questions? They are going way too far.... Soon they will be demanding workplace confirmation or relatives information.....

[phishead]

I'd recommend storing all wealth in something you control. Remember if you don't own your keys, you don't own bitcoins.

You and everyone else in this thread need to stop your stupidly obvious lies.  Holding private keys does not mean you control the coins.  Craptocurrency is no real difference from "cloud storage".  The designed to centralize mining monopolies (aka transaction validators) running the infrastructure are the only people who control the coins.  You have absolutely no fucking say whatsoever in whether they allow or disallow you to do something with the so called "money" you pretend to own.

Anyone who disagrees with this is an obvious liar because we've already had numerous examples of cartel collusion blacklists and arbitrary freezing of coins in almost every blockchain, from things like Silk Road coins, to Ethereum freezing coins from DAO and other stuff, to EOS blacklisting coins, the list goes on.  The blacklists and permissioned nature of the shitchain will only increase more by the day.  The term is called creeping fascism.  There's no reason anyone should ever support a non-fungible currency where transaction validators are designed to centralize (aka every single blockchain ever created).

Physical metals = permissionless and freedom.  Any digital fagchain bullshit = permissioned ledger slavery system 100% guaranteed to be a replica of the Chinese social credit score system over time.

Aye,

If only there were some 'craptocurrency' that prevented miners/puppet masters of the world from seeing who you were sending stuff too or what address you sent from to prevent that type of centralized fascist dystopia you speak of from occurring.  Don't even get me started about those mining corporations and their pesky ASICs.  If only there was a way to prevent that type of thing from happening... and the real sad thing is that these craptocurrencies are allowing this to happen! ... If only there were a craptocurrency project that actively tried to prevent ASICs from being profitable by switching their mining algorithms around and hid your transactions by default, then, and only then would you have a currency that promotes true economic freedom.

 

[Dunkelheit667]

The monthly update:



So far, everything's going as planned. The new job brought some spare fiat and I'm fighting my way through the legacy financial system to get some fresh satoshis (nope, no BTC-ATMs in my country as well). And yeah, the price looks alright for this accumulation phase. Life is good.

[Kylapoiss]

BTC this December will return to 5700-5800
It is true that newbee earn merit extremely difficult. Everybody here was a newbee and earned merit. Feeling the first merit I should be very happy, someone here let me believe this life also miraculous as well as believe that BTC will rise again

Sent you one, feel the power!

[lightfoot]

Fuck even Gemini didn't even ask questions like that, fuck those two.

Yeah, where the fuck is "I earn my bitcoins"?

[cool4y]

Something has bugging me for a while. Christmas holidays are around the corner, do you think that this will cause further decline in Bitcoin's price, as people will be needing additional funds to spend for gifts, vacations and family, let's not forget taxes and capital gains (if any). Possibly,  this could not be the case, but what are the odds?

[lightfoot]

WTF are these questions? They are going way too far.... Soon they will be demanding workplace confirmation or relatives information.....

Surprised they don't ask for all your passwords. You know so they can know you better.

[realr0ach]

I'd recommend storing all wealth in something you control. Remember if you don't own your keys, you don't own bitcoins.

You and everyone else in this thread need to stop your stupidly obvious lies.  Holding private keys does not mean you control the coins.  Craptocurrency is no real difference from "cloud storage".  The designed to centralize mining monopolies (aka transaction validators) running the infrastructure are the only people who control the coins.  You have absolutely no fucking say whatsoever in whether they allow or disallow you to do something with the so called "money" you pretend to own.

Anyone who disagrees with this is an obvious liar because we've already had numerous examples of cartel collusion blacklists and arbitrary freezing of coins in almost every blockchain, from things like Silk Road coins, to Ethereum freezing coins from DAO and other stuff, to EOS blacklisting coins, the list goes on.  The blacklists and permissioned nature of the shitchain will only increase more by the day.  The term is called creeping fascism.  There's no reason anyone should ever support a non-fungible currency where transaction validators are designed to centralize (aka every single blockchain ever created).

Physical metals = permissionless and freedom.  Any digital fagchain bullshit = permissioned ledger slavery system 100% guaranteed to be a replica of the Chinese social credit score system over time.

Aye,

If only there were some 'craptocurrency' that prevented miners/puppet masters of the world from seeing who you were sending stuff too or what address you sent from to prevent that type of centralized fascist dystopia you speak of from occurring.  Don't even get me started about those mining corporations and their pesky ASICs.  If only there was a way to prevent that type of thing from happening... and the real sad thing is that these craptocurrencies are allowing this to happen! ... If only there were a craptocurrency project that actively tried to prevent ASICs from being profitable by switching their mining algorithms around and hid your transactions by default, then, and only then would you have a currency that promotes true economic freedom.

 

Monero does not fix anything I stated and is also completely inferior to physical metals.  Yes, it *attempts* to blind transactions (fungibility) and does it at a success rate below 100%, maybe 0% depending on who is watching, but that's also completely pointless when it does nothing to fix the real, main Achilles heel of all cryptocurrency being that transaction validators are ALWAYS designed to centralize in every single one.  Without fixing that (it's not possible) nothing you do has any point.

It's 100% impossible to create a decentralized digital currency because it would require using unprofitable PoW and having everyone process their own transactions like email PoW, but unprofitable PoW systems like IOTA are unworkable and require artificial convergence, so you're back to square one of creating a decentralized digital currency being impossible.  And you actually think having coin developers constantly change the mining algo is a good thing? That's identical to having central bankers.  

I don't need a fucking central banker to change the mining algorithm of my physical silver or gold, or to constantly flash "update to wallet 0.17.0!" at the top of this forum.  That's another central banker stupidity feature having centralized coin devs telling/forcing you into doing things.  Stop pretending worthless digital shitcoins have any value compared to metals - the thing they attempt to emulate and don't succeed in any aspect.  They're a fugazi - fake, an imposter.

[Last of the V8s]

https://twitter.com/Cryptanzee/status/1068906234080833536
v funny little vid about crypto twitter

[JimboToronto]

Good morning Bitcoinland.

I see we've recovered most of yesterday's losses... currently $4292USD/$5703CAD (Bitcoinaverage).

Let's move on up now.