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

[jbreher]

There are less than 150,000 addresses with more than 10 BTC.

I think there’s probably less than 15,000 people in the world that have more than 10 BTC.

So 135,000 of those holders of more than 10 BTC are exchanges, trusts, corporations, and the like? Seems like an unlikely ratio to me.

[d_eddie]

Dumperino to ~3771 now official. We have broken past the 3923 support. Man am I glad I got out at 4052. If this stretches out we got a cup and handle situation.

I'm glad you got out, too. Such strokes of luck on the average are better harvested when fresh, without trying to milk them to the last drop. It was one of my first and most expensive lessons.

[bitserve]

FRESH FROM WANGA/MASTERLUC TELEGRAM

I still think that bitcoin can bring up to 2k in this regard. But it should quickly and cheerfully bounce, if it is. So I advise you to cook bucks. If you have them of course))

In general, weekly ma 200 (about $ 3000) cannot be broken through weekly closure. By this, I think that everything below 3k will bounce cheerfully.

[xhomerx10]

I have to work the next few days on 12 hour nights so I'm spreading the holiday cheer early in case I don't have time later.



edit:

 and Happy New Year too

[serveria.com]

Pump to 4.4 -4.6 incoming. 

And don't give a thing about Masterluc's bs. Don't remember when this guy was right last time? I fear he has become a paid shill used by the bearwhales.

[jbreher]

If BCH/BSV is being pumped, it means that BTC is being sold to buy this cancer. When those will be dumped, they will be traded for BTC (most likely).

Assertion does not withstand the merest scrutiny. For while ABC is up 40+% and SV is up 45+% on the 24 hour, BTC is also up ~4.5%. If the ABC and SV prices are driven solely by BTC dumping, then why is BTC simultaneously up?

[jbreher]

Facebook is going to create their own stable coin for whatsapp, targeting the remittance market.

Western Union's response: "We already operate with 130 currencies. If one day we feel like it is the right strategy to introduce cryptocurrencies to our platform, technology-wise, it's just one more currency. I think cryptocurrencies may become one more option of currency or assets around the globe to be exchanged between people and businesses. If that happens, we would be ready to launch."

I don't know whether they are just putting on a brave public face, or if they truly don't get it. Then end game is where nobody need exchange the in-flight currency to local currency.

[jbreher]

Lightning is for low, micro to sub-Satoshi payments.

I've already seen this a couple of times, how can you go sub-satoshi?  

You can go sub-satoshi because Lightning is something other than Bitcoin.

[El duderino_]

I have to work the next few days on 12 hour nights so I'm spreading the holiday cheer early in case I don't have time later.

Thats real Nice right there

Enjoy your x-mass, hollidays when your able of enjoying them
Wish you already the best for next year and years
Comrade XhomerX

[El duderino_]

@BTC

Its weekend ..... other direction THX in advance

Have a good weekend Micg.

[vapourminer]

There are less than 150,000 addresses with more than 10 BTC.

I think there’s probably less than 15,000 people in the world that have more than 10 BTC.

many folks keep btc split up between several wallets. and any particular wallet can have many addys.. change addys and such. so a lot more people than that 150,000 number may have more than 10 btc, just not all in one address or wallet.

[BTCMILLIONAIRE]

[...] super rare event that I use cash at all.

It is unfortunate how little financial privacy is valued these days, which is (currently) Bitcoin's Achilles heel as well. Very much encourage any privacy improvements in layer two solutions and side chains.

I don't need privacy when shopping for groceries, at least for as long as there isn't a service that offers money for your data (e.g. at point of sale or while browsing the web). When I need privacy I make sure I have it.

[BTCMILLIONAIRE]

$120 is more than enough for a network specially disigned for micropayments.

Main chain will be great for medium to large transactions.

Lightning is for low, micro to sub-Satoshi payments.

I've already seen this a couple of times, how can you go sub-satoshi? 

When you close the channel and go back to the main chain, you're forced to round to whole satoshis of course, but while the funds are in the LN, accounting is in subunits (might be millisatoshis if I'm not wrong).

Round up or down? Any way this could create non-existent corn? (Probably not, but sure sounds like it and I'd like to hear why it is not so.)

[El duderino_]

@BTC

Its weekend ..... other direction THX in advance

Have a good weekend Micg.

I see what we’ve got here, FAIL to communicate..... you just hold on daisey, i got something for you.... let me introduce myself i’m MICG b***h and i’m gonna increase on this DIP

Epic movie scène

Must watch “funny scène in halloween”

https://m.youtube.com/watch?v=rVhCCJW_bg0&t=48s

[jojo69]

I don't need privacy when shopping for groceries,

oh but you might

I can imagine any number of scenarios where a hostile lawyer being able to enter one's historical receipts for beer might be unwelcome.

[d_eddie]

$120 is more than enough for a network specially disigned for micropayments.

Main chain will be great for medium to large transactions.

Lightning is for low, micro to sub-Satoshi payments.

I've already seen this a couple of times, how can you go sub-satoshi?  

When you close the channel and go back to the main chain, you're forced to round to whole satoshis of course, but while the funds are in the LN, accounting is in subunits (might be millisatoshis if I'm not wrong).

Round up or down? Any way this could create non-existent corn? (Probably not, but sure sounds like it and I'd like to hear why it is not so.)

Smart! I hadn't thought of sub-satoshi rounding error. However, there's no way to create new corn on chain. The block with the channel closing transaction would never validate.

[JayJuanGee]

I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?  

I have a slight issue with people who roll out the 'Bitcoin will kill WU' line. Mainly cos as it stands it's crap.

You're paying WU to finish up with spendable cash in someone else's hands in millions of places.

Millions of other places don't have places to spend crypto, or don't have exchanges or might have 2-3 people to sell it to in an entire country on Localbitcoins.

It's a starry eyed comparison that fails to hold up.

And this is where XRP comes in, a solution between the centralized fiat with high fees and the decentralized cryptocurrencies with instant and low fees.
Bitcoin is good as a currency when shops accept it, but it has stayed too long in the grey zone of the law and it doesn't have the same software and corporate support Ripple Labs offer.


Really if you think about it, we have about 20-30 great blockchain projects and if we were to support these that'd benefit the whole crypto-scene.
Unfortunately we're too busy fighting among ourselves for which coin is better, which has the best team, which is more decentralized and often we're splitting chains or copy existing projects because so many people feel they are special and they should lead with their own project.

Because of that everyone is losing as we keep weakening BTC to buy into scams and the few great altcoins are lost among the shitcoins.
We'll never replace centralized businesses like that.

Why the fuck you shilling XRP, here?  You really believe your own nonsense that XRP is providing something that is even comparable to BTC?  XRP is a sham that is trying to camouflage itself as having use cases and relationships to banks... Sure it might get pumped, but it seems to serve as a distraction to anyone who might attempt to understand what bitcoin is providing rather than providing any kind of "innovation" as you seem to spout out.

[BTCMILLIONAIRE]

I don't need privacy when shopping for groceries,

oh but you might

I can imagine any number of scenarios where a hostile lawyer being able to enter one's historical receipts for beer might be unwelcome.

I don't see it. And not only because the transaction details on the bank account only show the lump sum paid for groceries with no details regarding individual items.

[rafanadal]

Buttcoin can't stay above 4k for more than a day, SAD!!

[jojo69]

I don't need privacy when shopping for groceries,

oh but you might

I can imagine any number of scenarios where a hostile lawyer being able to enter one's historical receipts for beer might be unwelcome.

I don't see it. And not only because the transaction details on the bank account only show the lump sum paid for groceries with no details regarding individual items.

Divorce, car accident, health insurance, professional malfeasance...the list goes on.  And if you don't think your shopping list ends up in a database I think you are delusional.