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

[Last of the V8s]

xrp is one of the coins primed to do another 90% down?

[LFC_Bitcoin]

xrp is one of the coins primed to do another 90% down?

Oh yes, sorry. I gave up on them ages ago. It’s not a lot of money that I invested. I probably should have converted them all into bitcoin though.

Edit - I thought you meant I was creating ripples or something as in annoying people. I was panicking about a dox attempt lol.

[ivomm]

I am almost there to my 5btc aim. Next stop is 10btc but I don't think I will be able to get there in a reasonable timeframe before the next bull run.

I showed you my 1 year btc buys before and this is my whole history:


(never sold a satoshi since 2016)

I hope the accumulation phase lasts at least 2 years this time.

I mean I can buy 30 btc right away but no. I'll dollar cost average the shit out of it.

You certainly are over-cautious in buying BTC. If you went all in 2016, by the end of 2017 you could had been a multi millionaire. I started buying at the end of 2016 although I watched the price since 2015. Back in 2015 I didn't know much about BTC, I didn't think of buying at all. I just started mining ETH with gpu rigs. I sold all for BTC before the big ETH rise to 450$ unfortunately. I made a lot of mistakes until mid 2017 when I went all in with my savings. I could had over 40 BTC if I wasn't shaken by China's bans and the forks. However, these first negative experiences made me firm to hodl and I endured all crashes since the Sep 2017 until now. I learned to appreciate BTC more than the gold or fiat. Playing with my precious BTC's in a daily trade is a no go! My "successful" trades in 2017 led to the missed opportunity 3x since 1000 to 3000$. Now I even used 3/4 of my credit card limits and I am converting all my salary into BTC. For me the best strategy is to hodl until I get at least $1-2mil (hopefully 4-5). My first goal is to reach 20BTC not by trade but by buying only. Whether the price will stay here or go up is of no importance to me, since I can buy directly or mine 1.5-2BTC per year. I am not happy with my current stash, which is only 16BTC, but by the end of 2020 I should be able to reach the 20BTC goal. I am still working on a plan what to spend and for what. On top of my list is a first line beach villa, then a new car, travelling around the world, and charity for homeless and sick children. A 100x from now should be enough for that   Yes, it is close to the gold market cap, but if the gold went there without average Joe, mainly institutions, why not BTC go there with mass adoption and a little inst. investors? It is quite possible in the coming years and guaranteed for a longer period of time!

[BitcoinGirl.Club]

Good afternoon WO. I have missed a lot in the last few days however BTC price is unchanged.

[HairyMaclairy]

Good for you ivomm

[BitcoinGirl.Club]

It counts us too I think.

bitcoin social sentiment in last hours. sentiment determined with help of machine learning from social posts texts about $btc

https://twitter.com/bittsanalytics/status/1096380565555695617/photo/1

[Cryptotourist]

I'm a male slut, not a sleuth.

[BitcoinGirl.Club]

Next year you might consider having Welsh sausage instead.

That "Welsh" sausage confuses me. Around the QR code it says "opskrifter fuld af smag" that's danish (or possibly norwegian) and means "recipes full of taste" and underneath is the symbol for the Swedish farmers asociation "Lantmännen" and under that is the Welsh flag. I'm confused.

Wherever it's from I'm sure sirazimuth's ringpiece would love that huge meaty sausage more than a vindaloo. Last of the V8s ringpiece would probably love that sausage more than yesterday's chicken curry too.

Sorry I am very very straight not a HOMO LOL

[Last of the V8s]

eww

[kenzawak]

Indonesia Officially Recognizes Bitcoin as a Commodity

https://bitcoinist.com/indonesia-bitcoin-commodity-regulations/

"Regulators in Indonesia have finally recognized Bitcoin and other cryptocurrencies as commodities, thus providing legal backing for trading virtual currencies. Consequently, cryptocurrency exchanges in the country now have a set of requirements that must be satisfied before being allowed to operate.
...
 Despite the formal recognition given to virtual currencies as commodities, the ban on cryptocurrency payment is still in effect."

[LFC_Bitcoin]

eww

Nobody wants a bit of Welsh sausage except maybe Bob?

Bob, Welsh sausage?

[alevlaslo]

why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best

I think this was conceived for the sake of raising commissions in the main network, so that people use only a centralized LN

no you patent fool it was conceived because of the imminent balkanisation of the internet and possible network partitioning.
conceived by people who see the need to send over the radio not the internet
and by people who know that running a node should be as easy as possible in order to keep the miners honest

L1 is the gold that you keep, but L2 is the dollars on the card that can freeze

L1 this your money, but L2 is uncle said you that this your money

understand the only important thing: it is not important to decentralize, but important the inability to freeze your money without a hard fork. L1 provides it, but L2 and a coins type xrp does not provide

Why do we need EOS if there are Windows? Why do we need LN if we have BCH? Why do we need a LN if bitcoin was conceived to fight the LN?

[mindrust]

I am almost there to my 5btc aim. Next stop is 10btc but I don't think I will be able to get there in a reasonable timeframe before the next bull run.

I showed you my 1 year btc buys before and this is my whole history:


(never sold a satoshi since 2016)

I hope the accumulation phase lasts at least 2 years this time.

I mean I can buy 30 btc right away but no. I'll dollar cost average the shit out of it.

You certainly are over-cautious in buying BTC. If you went all in 2016, by the end of 2017 you could had been a multi millionaire. I started buying at the end of 2016 although I watched the price since 2015. Back in 2015 I didn't know much about BTC, I didn't think of buying at all. I just started mining ETH with gpu rigs. I sold all for BTC before the big ETH rise to 450$ unfortunately. I made a lot of mistakes until mid 2017 when I went all in with my savings. I could had over 40 BTC if I wasn't shaken by China's bans and the forks. However, these first negative experiences made me firm to hodl and I endured all crashes since the Sep 2017 until now. I learned to appreciate BTC more than the gold or fiat. Playing with my precious BTC's in a daily trade is a no go! My "successful" trades in 2017 led to the missed opportunity 3x since 1000 to 3000$. Now I even used 3/4 of my credit card limits and I am converting all my salary into BTC. For me the best strategy is to hodl until I get at least $1-2mil (hopefully 4-5). My first goal is to reach 20BTC not by trade but by buying only. Whether the price will stay here or go up is of no importance to me, since I can buy directly or mine 1.5-2BTC per year. I am not happy with my current stash, which is only 16BTC, but by the end of 2020 I should be able to reach the 20BTC goal. I am still working on a plan what to spend and for what. On top of my list is a first line beach villa, then a new car, travelling around the world, and charity for homeless and sick children. A 100x from now should be enough for that   Yes, it is close to the gold market cap, but if the gold went there without average Joe, mainly institutions, why not BTC go there with mass adoption and a little inst. investors? It is quite possible in the coming years and guaranteed for a longer period of time!

Your post made me buy another $100 worth of btc today. I am at 4.70 now.

It is true that I am over cautious but I got my reasons. In 2015-2016 my business barely started to make money and everything I got was $25k. Now in hindsight it is easy to tell "You should have gone all in." but it is hard.

It is still hard for me to go all in right now. I don't know why.

I still feel like I have connections to FIAT. It is hard to leave everything behind and go full crypto. Takes courage.

[El duderino_]

NOW i know, its for sure !!!!r0ach =BELIAN, pity enough






^
FOUND HIM
https://www.hln.be/nieuws/binnenland/bewoner-van-huis-met-nazisymbolen-in-keerbergen-ik-geniet-van-de-aandacht~a07f34d4/

[Globb0]

How does a beard enable such presumption

Over my head, woo hoo I pissed higher up the wall.

Resorting to insults is looseing   :p

[jbreher]

It is fine to own %5-10 gold but even if gold succeeds, I mean how much can it go? $5k? And if gold ever hits $5k,

I would say 5% on the high side.. You are giving way too much benefit of the doubt to gold.. perhaps 1% would be more prudent, especially like I already mentioned if you own BTC.

'The people' do not yet control monetary matters. I mean, they do, but they don't realize the power they (we) have. As such, central banks will determine the fate of gold for the foreseeable future.

What central banks can't control is the whirlwind that will be the inevitable result from the stupid policies adopted back in the 1910-1913 timeframe. All they will be able to do is react to the debt-fueled collapse of the world economic system.

But the world has endured monetary shocks in the past. And while painful, they don't necessarily portend armageddon. The... ::*ahem*:: honorable, learned, and wise leaders find a way to restart the party - usually at the expense of setting in motion yet another larger shock some years or decades into the future. Even in the central banking era, we've gotten through Bretton Woods, the Nixon gold shock, and other such events - each of which was a complete rearchitecting of the world's monetary system.

tl;dr: Worldwide monetary shock is coming; it won't be TEOTWAWKI; and central banks will guide us through to the other side.

Which is all just prefatory to saying that both mindrust's and JJG's number estimates are woefully low.

Central banks, by and large, own gold. Large stocks of gold. And those whose economies have advanced past their gold holdings are buying gold hand over fist. (There is a notable exception of Great Britain).

When the shit hits the fan, about the only tool the central banks have is a repricing of gold. Not by 4x, but by some double-digit multiple. I followed the figures at one time -- Rickards has a handle on the precise number -- but it's a damned sight higher than 4x.

If the monetary collapse happens within the next decade (a fair possibility), there is no way in hell the response will be Bitcoin. Ain't gonna happen. Those currently in power will not cede it to a ragtag bunch of innernet nerds. Sure - if the people writ large rise up and force the issue, it could happen. But they wont.

So no. Chance of gold being massively increased in value is a damn sight higher than 5%, and the increment in such an event will be a damn sight higher than 4x.

Now I'm not saying Bitcoin will be a lagging investment in comparison. Nay, even with the scenario outlined above, I expect Bitcoin to handily outperform PMs. But in discussing alt assets, let's at least be real.

[kenzawak]

8 Illicit Crypto-Mining Windows Apps Removed From Microsoft Store

https://www.coindesk.com/8-illicit-crypto-mining-windows-apps-removed-from-microsoft-store

"A number of apps in Microsoft’s app store have been found to be able to illicitly mine cryptocurrency.

The eight apps, discovered by Symantec on Jan. 17, hosted a version of Coinhive, a script for mining the monero cryptocurrency that has proved popular with cyber criminals.

In a blog post on the discovery, Symantec said it had reported the apps to Microsoft, which subsequently took them down. The apps all ran on Windows 10, including Windows 10 S Mode, which restricts app downloads to the Microsoft Store.

Three developers, DigiDream, 1clean and Findoo, reportedly produced all the apps, which covered the areas of computer and battery optimization tutorials, web search, web browsing, and video viewing and download. "

[jbreher]

Aren't patent trolls "losers," even if they make money? 

How so? There is a realistic debate to be had centering on the legitimacy of the concept of patents. But 'winners' and 'losers' are only identifiable as such within the context of the rules of the system. So, no: patent owners are by definition winners. At least to the extent to which others may want to employ the patented idea (i.e., even if they make money).

By the way, didn't you get the memo, jbreher, that there is a certain level of justified hostility against the use of patents in the open source community underlying the "real" bitcoin..

And again with the complete mischaracterization of nChain's patents. They don't underly the "real" bitcoin (be it BSV, BTC, or BCH). They underly things that can interface with the "real" bitcoin (again, be it BSV, BTC, or BCH). Do you mischaracterize thusly because you are dishonest, or merely because you are ignorant?

By the way, didn't you get the memo, JJG, that 'hostility against' is meaningless in a decentralized, permissionless world?

[jbreher]

https://twitter.com/Nouriel/status/1096128231038746625

"In which way has the new alleged JPMorgan crypto coin anything to do with blockchain/crypto? It is private not public, permissioned not permissionless, based on trusted authorities verifying transaction not trustless, centralized not decentralized. Calling it crypto is a joke"

There's Alanis signing again. Roubini actually says something I can agree with.

[jbreher]

Rinse it up. Rinse it down.™

That purple thing?