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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21329414 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. (104 posts by 20 users deleted.)
Ludwig Von
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December 09, 2018, 10:59:32 PM

^ r0ach, can you explain me how Bob could have invited more than hundred pseudo anonymous people spread all over the world to a beer as he did a few days ago if it were not using Bitcoin?

All you're doing is supporting my previous statement that bitcoin's only current value prospect is regulatory arbitrage. It's currently easier to perform regulatory arbitrage using shitcoins than fiat dollars, although you could probably still do that with numerous other systems like Paypal or whatever anyway - bitcoin is just a little better at regulatory arbitrage than most others at the moment.  Shitcoins are worse at regulatory arbitrage than physical metals due to their built-in Orwellian tracking system though, you just have to be in the same proxity for the metals.  

But everyone knows bitcoin will be clamped down on hard until it's virtually the same as using fiat regulation-wise, except worse due to abolishing the 5th amendment with it's built-in tracking system.  Doing what Bob did is only a temporary feature used to bait and switch people into this tracking system garbage.  Transaction validators are designed to centralized in every single craptocurrency, so govt clamping down and regulating them, or completely controlling every aspect of them, is inevitable, and why you should never promote shitcoins over physical metals.

There are no centralized 'transaction validators' in physical metals for the govt to regulate, take over, and control as their new 1984 toy.  And before some Ethereum buffoon posts to use a different shitcoin, it's 100% impossible to create a decentralized digital currency.  Transaction validators will always be designed to centralize in every single one.

Until they come to your house and confiscate it. And eventually kill you in the process. Nothing is safe from powers that be.

If the govt is inside your house killing you with weapons, I don't think shitcoins are going to be of much use.  Worst example ever of trying to fraudulently pretend shitcoins are better than metals.

You are as fraudulent as me Roach, both of us would be dead. So, bottom line : it doesn 't matter.
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serveria.com
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Balls of steel


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December 09, 2018, 11:02:30 PM
Merited by LFC_Bitcoin (1)

WeeeeEEEe = noise

weeeee =

Last of the V8s
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Be a bank.


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December 09, 2018, 11:03:20 PM

Last chance to get out. Angry
slowlyslowly
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December 09, 2018, 11:28:04 PM

I wasn't around in 2011.  Can you tell us more about what it was like?

My brain is frazzled and running on caffeine. Here are some loosely organized thoughts:

I started GPU mining around May 2011. BTC bubbled to ~$32 somewhere thereabouts (June-July?) and then collapsed to ~$2. The bear market was swift and brutal.

There was practically no infrastructure or major investment, aside from early ASICs that would soon come online. Hell, Roger Ver's memorydealers.com was one of the few places you could even spend bitcoins. Mt. Gox was basically the only exchange, of course.

Home GPU miners like me were a major part of the ecosystem, and we were purged at this time, as decreasing prices and skyrocketing difficulty soon made mining unprofitable. There was a sort of loss of innocence as we were wiped out and large industrial mining farms took over.

The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.
                                           

                                                     


very good summary. 

In terms of the current lower price I think of things this way. Back in say Feb 2016 the price was $1612. It was just 8% of the later ATH. Imagine if the ATH had happened some time before feb 2016 then we would have dropped some 92% at Feb 2016.   Would we have been as "happy" at $1612 as we were in reality or crying doom. Transfer that to today and if we end up at $1612 or somewhere close just see it as  a very flat period since feb 2016 (ie ignore the boom/bust bit). We 'survived' a long flat period at around $250 and did not think the world would end.  Just HODL even at some very low figure - it will pull away at some point in the next few years and you can cash out with healthy profits if you do not want to go through yet another cycle though to date regularly and slowly buying and HODL has been very good to those that practice it. Even those that have been "caught" buying in old bubbles (eg $31 , $1000 ) as still quids in.   It may take a few years but even buying at $20,000 in 2017 will seem a great deal.                                                                                                                                                                                             
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BTFD, on to 15K a coin !!!!


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December 09, 2018, 11:41:51 PM

Last chance to get out. Angry

Not again with that neg-hat thing Roll Eyes

Why not take a switching one... as those other 2
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BTFD, on to 15K a coin !!!!


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December 09, 2018, 11:43:59 PM

via Imgflip Meme Generator

What do you notice LFC Roll Eyes
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December 09, 2018, 11:45:30 PM

In case you didn't know (((Apple))) is the enemy - as if the biblical apple with a bite out of it wasn't warning enough - disliking (((the government))) is not allowed:

https://dailystormer.name/apple-store-removes-game-for-using-people-from-specific-government-or-other-real-entity-as-the-enemies/
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BTFD, on to 15K a coin !!!!


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December 09, 2018, 11:49:19 PM

via Imgflip Meme Generator
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BTFD, on to 15K a coin !!!!


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December 09, 2018, 11:53:35 PM

Time for HODLrest
Curious what i’m gonna see in the morning Wink
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December 09, 2018, 11:54:03 PM



^Shit post based entirely on lies.  Cryptocurrency has built-in middlemen and doesn't remove counterparty risk, and has designed to centralize transaction validators meaning it will be controlled by (((the govt))) and (((banks))). Did I mention shitcoin's built-in Orwellian tracking system also abolishes the 5th amendment?  If you want to be regulated and controlled by (((the government))) and (((banks))) buy shitcoins, if not, buy physical metals.

Or for idiots who only understand pictures and can't figure out shitcoins are rent seeking usury systems either while metals aren't (old picture so doesn't match current fees):


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December 09, 2018, 11:55:42 PM

Now, to fry it makes not so much difference, in past times we also did it (in secret) with the fat of Roman, Germanic, Austrian, Spanish, Dutch, German again and again, invaders and occupiers.

I'm sending my apologies right now for your Christmas roast.  Shocked
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How much alt coin diversification is needed? 0%?


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December 10, 2018, 12:06:09 AM

I prefer shorts REKT smells


I concur.

Know what I miss? I miss those times of excitement and joy where every other day was a new ATH. The rush of watching Bitcoin bounce at each dip and starting to eat every wall in his path to a new ATH. And then the explosion of adrenaline whilst it reached prices never seen before. Yeah, those times were good. And fun. I miss all that.

@bitserve - Those times will be back but this time we’ll be better prepared as in knowing what to sell at what price!

Yup. I don't plan to sell a lot. But I don't want to feel like a complete idiot like this time. That's for sure.

I may be like the only one that has JUST been slowly accumulating since early 2013. Thats nuts, ain't it?

Everyone is gonna be different regarding how long it takes them to accumulate. It took me a year until the end of 2014, and then mostly maintenance thereafter. 

If it took you more than 5 years then it shows that likely you were in a different stage of your financial life or other circumstances including maybe either conservative investment style or perhaps fear about bitcoin as an investment 

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December 10, 2018, 12:17:43 AM

Yup. I don't plan to sell a lot. But I don't want to feel like a complete idiot like this time. That's for sure.

I may be like the only one that has JUST been slowly accumulating since early 2013. Thats nuts, ain't it?

Whether you want to try and skim profits off trading shitcoin pump and dumps is one thing, but it's hard for me to rationalize having anything other than physical silver as a main position right now:

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December 10, 2018, 12:18:19 AM

The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.

You guys deserve respect for persevering through that. You pretty much blazed the trail that we could look back on for confirmation that Bitcoin would survive the worst.
realr0ach
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December 10, 2018, 12:23:36 AM

The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.

You guys deserve respect for persevering through that. You pretty much blazed the trail that we could look back on for confirmation that Bitcoin would survive the worst.

^He forgot to mention the crash was engineered then In-Q-Tel bought up all the shitcoins at $2.  Shilling for shitcoins indirectly funds US intelligence, unless you follow the "how to make a mint" perspective, then it would be directly funding US intelligence instead of indirectly.
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December 10, 2018, 12:38:18 AM

^socialists and statists are the worst not because they are detestable but since they are pitiful.

their hearts are generally in the right place but their heads are full of bad ideas, unfiltered emotions and misinformation ... somewhat like children and pets.
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December 10, 2018, 12:51:32 AM

The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.

You guys deserve respect for persevering through that. You pretty much blazed the trail that we could look back on for confirmation that Bitcoin would survive the worst.

Word.  Thank you for the write up. 
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December 10, 2018, 12:52:14 AM

BTC ===> Private keys leaked
http://directory.io/
 Cool

weeeeee

Didn't get a thing: what private keys? The website is down from here...

That site was a joke. Sure it gave lists of private keys with corresponding addresses, but good luck finding a private key for an address with coins in it. I believe the 1st pages had some hits of actually used private keys/addresses. But that is because I believe someone had used a really dumb private key like the equivalent of using the number one.

WARNING: DO NOT go looking for your privkey/BTC Address on the this site!
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December 10, 2018, 01:10:49 AM

BTC ===> Private keys leaked
http://directory.io/
 Cool

weeeeee

Low quality trolls will get you ignored, try harder next time.

https://keys.lol/bitcoin/856083576414584832184365027012002209974486074049742179003044245104477177635
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December 10, 2018, 01:30:47 AM

statists are the worst

The emperor has no clothes : /

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