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Question: May 18 Bitcoin Closing Price (Stamp):
$0 - 1 (0.7%)
<$5,000 - 7 (4.6%)
$5,000-$5,500 - 2 (1.3%)
$5,500-$6,000 - 0 (0%)
$6,000-$6,500 - 5 (3.3%)
$6,500-$7,000 - 15 (9.9%)
$7,000-$7,500 - 17 (11.3%)
$7,500-$8,000 - 24 (15.9%)
$8,000-$8,500 - 18 (11.9%)
$8,500-$9,000 - 15 (9.9%)
$9,000-$9,500 - 10 (6.6%)
$9,500-$10,000 - 7 (4.6%)
$10,000-$20,000 - 16 (10.6%)
>$20,000 - 14 (9.3%)
Total Voters: 151

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21167038 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. (23 posts by 12 users deleted.)
DaRude
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In order to dump coins one must have coins


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March 17, 2019, 10:18:17 PM
Merited by Last of the V8s (1)


It's like watching two titanics run into each other
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bitserve
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HODL.


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March 17, 2019, 10:30:53 PM


LOL.

One of the things Internet has brought to us is the possibility of watching (presumably) big fishes publicly fighting in the most hilarious ways. Before Internet (and social networks) all this shit happened the same.... but privately.

I mean... wouldn't have been fun if Rockefeller and Onassis have had Twitter in those times? It's a pity all those moments will be have been lost in time like tears on rain.


* Not that the comparison is even remotely fair... but you get my point... Like when elonmusk was calling that diver a pedo.
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March 17, 2019, 10:40:30 PM

Who is holding most BTC from WO family?

Never Ask members there finances that isn’t polite.... Roll Eyes
micgoossens
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March 17, 2019, 10:41:09 PM

Goodmorning WO’s

Happy to see LFC won the game....
micgoossens
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March 17, 2019, 10:47:22 PM

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1107286110672224257?s=21
ivomm
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All good things to those who wait


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March 17, 2019, 10:51:22 PM

https://twitter.com/i/status/1107395549966274565

The reaction of Betis fans after the incredible 3rd goal of Messi! G.O.A.T.!
jojo69
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March 17, 2019, 10:53:16 PM

Dick Dale

 Cry
micgoossens
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March 17, 2019, 11:00:03 PM

1/ Just condensed The Internet of Money Volume 2 by @aantonop into 45 tweets.
2/ Children born today will likely never:

1) Have a bank account
2) Have a driving license
3) Use paper money

3/ Before Bitcoin…

-You didn’t care about securing your photos
-Didn’t care that your location was tracked everywhere you went
-Didn’t care about posting your life on Facebook
-You used the same password “password 123” for all 17 accounts
-You didn’t know what 2FA was

4/ Blockchain is NOT the technology behind Bitcoin. It is ONE of the FOUR foundational technologies behind Bitcoin, including: Proof of Work, p2p networking, Blockchain, and Cryptography. Blockchain cannot stand alone.

5/ "Blockchain" is the clean cut technology you share with your boss when you don’t want to scare him with actual disruptive technology.

6/ Bitcoin is decentralized security through computation. It represents a new model of security with no authority in the center. It’s based on market forces and game theory - using incentives and punishment to control the outcome.

7/ How to tell the difference between Blockchain & Bullshit?

-If you can replace “blockchain” with “database” - then it’s business as usual
-If it’s not decentralized, borderless, censorship resistance - It’s not innovating
-If it reestablishes trust in intermediaries - bullshit

8/ Private, consortium, permissioned, distributed ledger “blockchains” discard POW as wasteful because all it allows you to do is create: decentralized, borderless, neutral, censorship resistance networks.

9/ Private consortium chains will get hacked (like always). They cannot keep information secure, no one can. What happens when they concentrate all banking information in the hands of 5 participating banks - and then it gets hacked?

10/ Mass adoption takes time… For the first 15 years of the internet, the application was EMAIL. It wasn’t until everyone had it, had to have it, and needed it for work. Currency is the email of blockchains.

11/ The vision is far beyond “money” - we'll see voting, real estate titles, and c2c markets. But first we need to build the “money” part. Payments are the fundamental infrastructure to enable the density of adoption leading to advanced uses. Money funds the entire ecosystem.

12/ The era of fake news: the people who read the most news and headlines are the least informed among us.

13/ We outsource fact finding to the tribe we belong to. Trump tribe, Andreas tribe, Left wing, Right wing… we all do this.

14/ Dichotomy of fake new started when their advertising revenue was undermined… media had to change their approach to re-adjust to a new level of income. Cue the removal of fact finding, investigatory journalism, the foreign affairs desk

15/ Real money vs Fake money… The outcome of a market is to discover the truth. Go out on the street and ask the market. In Venezuela, the Bolivar is being sold for 5x less than the “official rate” — while Bitcoin is being sold for a 20% premium against the Bolivar.

16/ In India the rupee is being sold for a 22% discount against bitcoin. Because the rupee cannot be moved outside of India. Whereas bitcoin can settle arbitrage globally. The Rupee lost an important tenant for sound money - “portability”

17/ Immutability is on a scale. From “easy to change” to “most unchangeable thing” (immutability). Bitcoin marks a new maximum for immutability in a digital world. Bitcoin redefines immutable. Anything to the left of BTC is immutable-ish kinda like saying I’m “pregnant-ish”

18/ Why is Bitcoin immutable? Not bc of blockchain, tampering just leaves evidence (tamper evident). There is a higher security standard (tamper proof) meaning it cannot be changed.  POW makes BTC immutable (tamper proof). This is a historic monument of our human achievement.

19/ POW was not created by Satoshi. POW is common to the human civilization. The great pyramids are an open display of resources. There is no way to cheaply achieve this, you need time/money/men. Pyramids stand today as a POW of the Egyptian civilization doing something great.

20/ Bitcoin is the first planetary scale, digital monument of proof of work — In the future, people will marvel at Bitcoin for its immutability built over decades, the definitive source of history that cannot lie, they will marvel at it’s function and elegance. POW secures this.

21/ The purpose of mining is not to create new bitcoin. The purpose of mining is to provide security (through economic incentive and game theory) according to the consensus rules.

22/ POW is also POS… but POS is not also POW. This is really important. Each time a miner creates a candidate block and hashes it through POW, they are staking an enormous cost of electricity. If they didn’t do it right, they lose their stake of electricity (which costs money).

23/ POS only risks the intrinsic currency which tomorrow may be worth nothing. This means the value of your “stake” may also be worth nothing. POW forces you to stake something that has universal value on our planet — electricity.

https://twitter.com/bquittem/status/979650054934822912?s=21
micgoossens
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March 17, 2019, 11:07:00 PM

24/ Our ancestors said “it’s as good as written in stone." Our grandchildren will say: “it’s as good as written on the blockchain”

25/ We only need 1 POW immutable ledger. It's probably too expensive to have 2. Other applications can run a lighter weight POS while referencing the immutability of Bitcoin.

26/ History is written by the victors. But not on the Bitcoin blockchain. Now, history is written by the expenditure of real world energy - and there is no cheap way to forge that history.

27/ Blockchain substitutes authority for autonomy.

"Order through authority” leads to chaos, corruption, and often violence.

"Order through autonomy” gives us predictable outcomes that are not subject to the whims of authority -  this maximizes order in an unprecedented way.

28/ Bitcoin is an opportunity to “opt out” of your national currency. Opt out of currency wars… the war on cash, bank bail-ins, negative interest rates, shadow tax (inflation), and financial surveillance.

29/ Bad money chases out good money (Gresham's law). The more valuable currency disappears from circulation because people hoard good money (bitcoin) while spending bad money (fiat).

30/ Permissioned blockchains are the "bubble boy” of blockchains. They’re like children who grew up getting showered in Purell every time they touch a germ. Problem: when sheltered children grow up they have no immune system, they'll be killed by the first germ they’re exposed to

31/ Bitcoin is like a swarm of NYC sewer rats. A sewer rat will not sneeze when it’s exposed to a germ. The rat says “come and get me” and after 9 years it still refuses to die.

32/ Bankers and central authorities think building walls around their data makes it secure. They insist on putting KYC/AML on all their data. Inevitably this "rich data" will leak and all their dirty secrets will be exposed with perfect clarity.

33/ Security is a process of openness and exposure. A process of continually adapting to new attacks. And in that process, dynamically being more robust and less fragile.

34/ Bitcoin doesn’t compete against banks. Bitcoin adapted to a new (bigger) environmental niche. Banking/borders are irrelevant. BTC focuses on the grey market, the developing nations, cash economies, those without bank accounts nor access to traditional financial instruments.

35/ 2009 marked a new era in the Evolution of Money. It evolved to live on the internet, decentralized, borderless, etc. Used to have 194 “species of money,” now thousands. Most will die, some will thrive - filling new ecological niches where money couldn’t exist before Bitcoin.

36/ Streaming music changed the nature of music. Streaming  video changed the nature of video. What about streaming money? Your salary can be paid by day, minute, millisecond. Say goodbye to “quarterly accounting.” Pay your internet bill by usage in kb.

37/ The more disruptive a technology, the harder it is for the creator to predict it’s outcome. The internet is: a military network designed to allow the continuity of data routing in the event of a nuclear attack. OR the internet is the worlds largest repository of cat videos.

38/ Technology (especially when decentralized, open) is a tool that is guided and evolves based on how it’s used. Bitcoin today is not just a p2p electronic cash system. Bitcoin in the future = ?

40/ BTC (lion) vs ETH (shark): two systems with different goals.

BTC (not Turing complete) = limited in it’s flexibility which enables robust security.

ETH (Turing complete) = flexible, fast programing, more complexity which leads to unintended consequences, and less security

41/ I’m a Maximalist: for Open, Borderless, Decentralized, Permissionless systems that allow us to solve problems in society with technology that is open for everyone. Doesn’t matter if this happens in Bitcoin or Ethereum.

42/ Imagining BTC or ETH’s killer app requires us to consider timing. A better question is: What is the killer app (right now)? To answer this… What requires the least density of users? The least infrastructure?

43/ What is Bitcoin’s killer app [for now]? Something that doesn't require much infrastructure or density of users... Remittance / banking the unbanked is the obvious one. Only requires sender/recipient, no infrastructure needed, just need to be faster/cheaper than the banks.

44/ Ethereum’s ultimate killer app: smart contracts used for governance of DAOs.

Ethereum’s killer app today: token sales with questionable legally

45/ Ethereum Alliance: A group of companies who just want to fork your code and put walls around it. They’re not actually interested in disrupting themselves.

46/ FINISHED. Thank you @aantonopolos you make complex topics easy to understand.

In the process, I learned

-Taking notes while reading = more understanding
-Forced brevity requires focus on the essence
-I will refer back to these notes

https://twitter.com/nodeheadz/status/1107279355548360704?s=21
Last of the V8s
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March 17, 2019, 11:14:29 PM
Last edit: March 17, 2019, 11:25:11 PM by Last of the V8s

It's like watching two titanics run into each other
I mean... wouldn't have been fun if Rockefeller and Onassis have had Twitter in those times? It's a pity all those moments will be have been lost in time like tears on rain.
Well something about your responses (breaking the Gyrsur rule btw) got me looking at JP Morgan. Things were somewhat more polite in those days:
Morgan suffered a rare business defeat in 1902 when he attempted to enter the London Underground field. Transit magnate Charles Tyson Yerkes thwarted Morgan's effort to obtain parliamentary authority to build the Piccadilly, City and North East London Railway, a subway line that would have competed with "Tube" lines controlled by Yerkes. Morgan called Yerkes' coup "the greatest rascality and conspiracy I ever heard of".
But perhaps more interesting and salient even was:
Untermyer and Morgan's famous exchange on the fundamentally psychological nature of banking—that it is an industry built on trust—is often quoted in business articles:

Untermyer: Is not commercial credit based primarily upon money or property?
Morgan: No, sir. The first thing is character.
Untermyer: Before money or property?
Morgan: Before money or anything else. Money cannot buy it … a man I do not trust could not get money from me on all the bonds in Christendom.
That whole article is well worth a skim, though being wikipedo, probably very biased.
infofront
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March 17, 2019, 11:20:28 PM

Its all about the V8 sound brother Smiley (for me though)
-

that lumpy, looping grumble of a built V8 at idle is the best. then, 1/4 second later, the front wheels are off the ground and its gone.

I only drive V8s  Cool

@infofront......

To Justify your Merit on those 4 beers that didn’t happen....
I have my last night here and just went out eating
1 white russian followed by 3 white wines (each one with an icecube)
^
Hope that equals those 4 beers ......

We're good now  Wink

o.0

I'll drive your V8 anytime BB  Kiss
Last of the V8s
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March 17, 2019, 11:23:51 PM

o.0
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March 17, 2019, 11:27:42 PM

I´m playing with the fractal chart and its kinda creepy how similar the patterns are now compared to the bottom of 2015.
In the weekly chart with MA 20 50 100 200, having 3 MA crossings behind us it looks like we are at May 18 2015, touching the 20 MA.
Following that scenario, then likely a correction is coming down towards 200 MA ($3400-$3500) and then soon a bullish move up to visit the 50 MA ,
possibly around $5600 ?  Smiley




Grab some nipples and HODL!




I agree.  Except everyone is looking at the same charts as you and front running the fractal, so the dips are being absorbed.

I doubt were in May 2015 in that chart, more March 2015, the first bounce of the weekly MA20 after the bottom. See:

IMHO its too early to break out of the high $3k  - $4k range.  Am inclined to think we will be around this range until mid year. 

What about:

Late March - early April up to weekly MA20 ($4.1k)
Late April - early May down to weekly MA200 ($3.5k)
Late June - early July up to weekly MA50 ($5-$5.5k)
Early to mid August down to weekly MA200 ($4k)
Early to mid October breakout above all 3 MAs ($4.5k)
Late October - early Nov short term peak ($6k-$9k) before normalizing above $6K and growing further.
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March 17, 2019, 11:30:03 PM
Merited by HairyMaclairy (1), micgoossens (1)

Reddit Hopium getting stronger. Bullish.

"level 1
amiblue333
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5 hours ago
In the grand scheme of things owning 1 out of 21 million world wide bitcoins is pretty lucky.

8 billion people soon fighting over 21 million of something.

Just be on the long side of history. Probably why bitmex insurance fund is designed to take so many btc. Only so many people want to 1x short on bitmex. Eventually shorts get margin called and insurance fund pays out a ton of btc to those longing.

Excited to see the future evolve 2020-2030 will be wild for the block chain and Bitcoin with the halvings and closer to 21 million btc


cofca
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This is finest Colombian hopium


fattybrah
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That ultra omega fire chronic hopium


healthyharvestdotcom
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1 hour ago
I’ll take a hit"
micgoossens
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March 17, 2019, 11:32:54 PM

^
He already got the activity

Proven to be an established WO-member

Common Guys give this brother his hat ..... only 8more merit
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March 17, 2019, 11:33:05 PM

Well something about your responses (breaking the Gyrsur rule btw) got me looking at JP Morgan. 

I did not know that there was such a thing as a Gyrsur rule.

I wonder if I have ever broken it?

Rules are meant to be broken, no?   at least, certain kinds of rules.
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March 17, 2019, 11:35:55 PM

Who is holding most BTC from WO family?

Probably Theymos.
micgoossens
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March 17, 2019, 11:40:10 PM

Who is holding most BTC from WO family?

Probably Theymos.

The question is how much BTC and true HODLERS are in this forum
As real active members...
Is this forum the wealthiest place of the future ?
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March 18, 2019, 12:08:54 AM

Who is holding most BTC from WO family?

Probably Theymos.

Is this forum the wealthiest place of the future ?

Of course, not.
People like Jack Dorsey, Marc Faber, some Silly valley exec (Paplitya? spelling?), Peter Thiel, Tim Draper etc are already converting fiat to btc. It's going to be the same people, sans maybe a thou or two current hodlers back from 2010-2011.
micgoossens
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March 18, 2019, 12:12:13 AM

Who is holding most BTC from WO family?

Probably Theymos.

Is this forum the wealthiest place of the future ?

Of course, not.
People like Jack Dorsey, Marc Faber, some Silly valley exec (Paplitya? spelling?), Peter Thiel, Tim Draper etc are already converting fiat to btc. It's going to be the same people, sans maybe a thou or two current hodlers back from 2010-2011.

Then the wealthiest forum Tongue
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