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

[BitcoinGirl.Club]

Now you got addicted to crypto.
You will see something like this every morning when you get up.

It reminds me Neo, Trinity, Morpheus LOL

[BitcoinGirl.Club]

Bitcoin is the best drug guys, especially when in a bull run. HOPIUM pilos are great too

Get iiiiiinnnnnnn my veins  

I see bundles of papers. Burn them all! 🙂

[DaRude]

Can we just not let the arguing with jbreher polarize sides as if there was no middle more reasonable field?

Bitcoin is scaling the right way. But that doesn't mean it won't have a moderate and reasonable block size increase in the (near?) future.

L2 is the way to go, but block size will also need some (linear, not exponential as that's what L2 is for) capacity upgrade sometime.

and are we really just giving blockstream inc. a pass?

I am not sure what you mean. Some say blockstream wants to focus on L2 (something that I consider extremely important for scaling) and also that they won't ever allow a block size increase (something that I am not sure if it is just FUD, because that sounds simply stupid).

My point of view is that Bitcoin needs both L2 and a gradual blocksize increase, being L2 responsible for most of the massive scaling and block size increase enough to support L2 and bigger/not so frequent tx's directly on-chain.

Also I am pretty sure whatever is done need to be done via CONSENSUS. Other than that would not be Bitcoin, but just a worthless copycat (and we already have enough of those, don't we?)

No, just no. If you want to even consider the idea of BTC being the scale of say settling world's oil trades, your priorities need to be decentralization and security above all else! That needs to be built into the core design from the ground up, and current developers seemed to be aligned with that vision. If you're willing to compromise on those fundamentals "just a tiny bit" so you could buy your bubble gum on the blockchain right meow  or being manipulated by that logic to unknowingly exert pressure on the developers for said compromise, you're on a wrong train.

[El duderino_]

Last year I was spending £400 a week on cocaine.

2019 I’m spending £400 a week on buying bitcoin.

Feels great to be adding to my stash so regularly again - Bitcoin is the only high you need

Its something almost nobody believes in my surroundings, but I did never used any hard drugs .... when I was around 15-16y I got into a while of smoking and cannabis ( cannabis was very very short) and smoking max 2years, cause I sport a lot I decided to just stop....

But last year on my birthday I lighted up a blunt with some friends @ that 3* resto and we all saw what happened their (probably the mix with much wine, vodka-martini etc), but man I thought I was gonna die right there, I will not ever smoke that again

But good to hear your never been an addict and you buying BTC  instead @ the moment.

#GOODdecissions

I'm curious what we gonna get this weekend, would the short pump extend ??
Will we have a weekendpump maybe ??

[El duderino_]

Bitcoin is a bet that algorithms are more disciplined and accurate than humans at making monetary policy decisions.

#BUYBTC

https://twitter.com/APompliano/status/1113840211912343552

[lightfoot]

Last night I sent some BTC and the tx fee was 100⁺ sat/B

Last few days the mempool has been more bloated than in the past year.

https://jochen-hoenicke.de/queue/#0,24h

Indeed, is someone trying to DOS bitcoin again with shit transacions, or is this real volume?

[BitcoinGirl.Club]

Last night I sent some BTC and the tx fee was 100⁺ sat/B

Last few days the mempool has been more bloated than in the past year.

https://jochen-hoenicke.de/queue/#0,24h

Indeed, is someone trying to DOS bitcoin again with shit transacions, or is this real volume?

That's real volume without any doubt.

[El duderino_]

110 days into the new BTCaby BTCull Market and all is well. 

yes nice you keep the count.... if we have saw the bottom and be in a mature BULLrun, then you and HM are the prophets of predictions

[Colonel Panic]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

[Colonel Panic]

Bitcoin we love!

He did the right thing. It's very important to find the other half who understands you.

simple rule: if they didn't tell you when to buy, they can't tell you when to sell

[okala]

https://twitter.com/crypToBanger/status/1108868392902119424

This is good, bitcoin will moon pretty soon.

Can I have this pic for me?

I'll make it a wallpaper from now on so it will inspire me every time I open my laptop.

The picture is really nice and to say it contains the chart of the two contending commodities on the exchange which is gold and bitcoin the picture will really be inspiring at every moment, I am hopeful that bitcoin is up to the moon this time around.

[bitserve]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

[Colonel Panic]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

Indeed, and with the debt denominated in fiat the risk to the coin is small (esp as he no doubt has plenty more to meet a margin call). I have to say I think its more than just a publicity stunt: why not have an extra (not insignificant) BTC250 staked for the next run?

For the rest of us its also 250 not sold and potentially many more not sold as OGs dont need to dump to buy islands etc

[kurious]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

Maybe it's such good promotion, he got the loan at zero interest. 

He'd probably know some of the people involved. When you're rich and famous, you get far more for free.  There are some people who are always on the guest list - it's good for business.

[Colonel Panic]

...also not selling means means no CGT due, which could be quite a saving

[El duderino_]

https://twitter.com/RedditBTC/status/1114114047379681280

[El duderino_]

https://twitter.com/IrnCrypt/status/1113651331833716738

[El duderino_]

BTC@ 3800$ -----> 1BTC = 1BTC

BTC@ 5000$------>1BTC = 1BTC

foreseeable future

BTC@ 20 000$---->1BTC = 1BTC

BTC@ 100 000$--->1BTC = 1BTC

And the story continuous

[bitserve]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

Maybe it's such good promotion, he got the loan at zero interest.  

He'd probably know some of the people involved. When you're rich and famous, you get far more for free.  There are some people who are always on the guest list - it's good for business.

I would need to read the EXACT contract in FULL. I don't believe a word of what that guy says. Anyway... good publicity stunt, that's all it matters to me.

P.S.: Oh, and I DON'T think the guy is a BILLIONAIRE. I mean, REALLY??!?!

[bitcoinPsycho]