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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.1%)
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8/4 - 16 (17.2%)
8/11 - 7 (7.5%)
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8/25 - 7 (7.5%)
After August - 46 (49.5%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26446502 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. (174 posts by 3 users with 9 merit deleted.)
DaRude
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May 01, 2019, 04:56:11 AM

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

Huh after all these years i figured you just liked the abuse. You mean you sincerely think that BSV is a good idea ?  Shocked i am soooo sorry 
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May 01, 2019, 04:57:32 AM

Additionally one can take physical delivery of bitcoin in the form of a hardware wallet

Jesus Christ, can you people stop lying for even one minute?  Bitcoin is cloud banking - a virtual breadloaf that you claim to own a slice of.  It CANNOT be removed from this cloud system; you cannot transport it to your house, a safe, your car; it never moves, it always stays in the cloud.  It is not possible to take delivery of a bitcoin.  If it was possible, the act of me deploying a giant mass of ASICs and censoring all transactions except my own would have no effect on you, but it does.

You can't do jack shit because you never had possession of anything.  It's billed as a cooperative system with some sort of Nash equilibrium, but it's nothing more than a dystopian permissioned ledger in practice, ripe for complete govt control since transaction validators/mining warehouses centralize so much and have such easy surface attack vector for govt control and regulation.  

Just about everything concerning the whitepaper was either false from the start or became untrue over time.  For example, it claims bitcoin is a "peer to peer" system for transactions, yet it's not even possible to do a transaction without involving three or more parties in the first place.  The extra parties are the built-in rent seeking middlemen, then the nodes and whole mass of other shit.  I do not consider a system with built-in 3rd parties as "peer to peer". Whereas using physical metals or even a god damned tree branch I can do an actual peer to peer transaction.

Since truth is a foreign concept to you I don't mind you calling me a liar.    I was pointing out that bitcoin possession can be far more tangible than many other forms of wealth in our modern society.    

The rest of you post is mostly nonsense but I think that is clear to anyone intelligent.  

What a lying scumbag.

1)  If something doesn't even exist in physical reality, you're obviously not taking "physical possession" of it, so your argument is already retarded out of the gate.  

2)  Bitcoins are nothing more than imaginary timestamps inside a permissioned ledger system.  The so called "coins" themselves don't even exist and it's just a misnomer to intentionally mislead people into believing they're equivalent to real world coinage.

3)  If you actually could take "physical possession" of a bitcoin, then I wouldn't be able to place an embargo on your coin and censor all your transactions just by deploying a bunch of ASICs and blacklisting your funds.  Physical possession implies your so called coin is not encumbered in red tape and you can actually do what you want with it - trading it, giving it away, sticking it up your ass - not trapped inside a permissioned ledger prison system.  

4)  The bitcoin whitepaper PRETENDS transactions are blinded and somehow can't be censored when they're NOT.  It ASSUMES the existence of a Nash equilibrium when it doesn't exist.  It's a permissioned ledger where it's not possible for your coins to ever be unencumbered from 3rd party middlemen because those 3rd party, rent seeking, transaction validator gatekeepers are BUILT-IN.
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May 01, 2019, 05:00:49 AM
Merited by El duderino_ (1)

In other news, Florida illegally attempts to pass law to revoke the 1st amendment and make talking about Jews in any manner illegal:

https://www.watchdog.org/florida/florida-legislature-delivers-anti-semitism-law-for-desantis-to-sign/article_55995e22-6ab3-11e9-945f-6bdcae8a6e70.html
451: Unavailable due to legal reasons

We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact bhartsell@ilnews.org or call (847) 497-5230.

The EU is a shithole.


End of the day, open WO last page ..... r0ach, r0ach and rebalf*** damn ......

Instant go to HODLsleep Roll Eyes

No time for those F***up’s!

Goodnight WO’s and HODL on.
Your mind is so small to undetstand things. Just repeat what others say.
I'm not sure somebody with three merits for 327 posts can speak about intelligence with any authority. There are enough BTC antagonists on this forum for you to get merit from them if you had anything of value to say.

Or in words you can understand: Eat shit retard.
DaRude
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May 01, 2019, 05:02:10 AM

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.
I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
BTCMILLIONAIRE
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May 01, 2019, 05:07:05 AM

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up think and doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
To clarify, my post was in reference to the cursive part.

As I see it the real issue is with central banking, over the top tax rates and government wastefulness. Fractional reserve can work if done sensibly and not bailed out by the tax payer. It's no different from debt, which is a highly productive tool.
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May 01, 2019, 05:10:33 AM
Last edit: May 01, 2019, 05:21:41 AM by realr0ach

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.
I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

From what I noticed trading there when I was awake for like 70 hours straight trading during brexit, it appeared an entity with almost limitless funds kept naked shorting the market, then Brexit occurred and sent the price a lot higher, which they were not expecting.  Then a few days or so after that happened is when they claimed they were "hacked"; when in reality, it appeared to me they were trading with customer funds and the trade went against them so they just stole everything.  Pretty easy for fractional reserve to blow up when anyone who does it always does insane shit like this.
VB1001
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May 01, 2019, 05:13:46 AM
Last edit: May 01, 2019, 05:38:07 AM by VB1001

This is the historical since the beginning of the thread WO:
+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

This is the historical since the beginning of the thread WO:
+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

yes, merited VB 1001.

Good Morning, WO,s
I am glad that you like the published work, I think it will be a good market indicator in the WO thread. Wink

graphs VB
us illiterates need pictures

jojo69 I have put graphics in the statistics as you suggested, so you can understand without problems. Cheesy
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May 01, 2019, 05:16:51 AM

451: Unavailable due to legal reasons
https://www.usa-proxy.org
Filtering based on IP address is not a legal solution. The law applies also to EU citizens travelling all over the world.
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May 01, 2019, 05:24:55 AM


He's a mathematician.  It's a separate field from applied mathematics.
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May 01, 2019, 06:42:17 AM
Merited by smartcomet (1)

Where are we trading from, gentlemen?
DataLight analysts have done some interesting research, look at this.

realr0ach
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May 01, 2019, 06:47:52 AM

If you're trading from a seastead, what country would that fall under?
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May 01, 2019, 06:51:48 AM

If you're trading from a seastead, what country would that fall under?
I don't think there are many people like Elwar. But technically, I think it depends on whether you are in neutral waters.
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May 01, 2019, 07:00:24 AM

I am just curious how the sellers/shorters in Bitfinex are feeling these days. The numer and quantity of the shorts positions is high, and the longs are at the lowest since one year at least. Are these people still sane, or completely lost their mind and emotionally lost everything? For me all signs show that this exchange is dying. First, they put customer's money into the hands of Crypto Capital, which did the classic exit scam (the explanations of governments blocking the fiat didn't comfirm so far). Second, any attempt of withdrawing fiat looks doomed. The probability of getting your money after 5-6 weeks of 'pending' is close to 0. Third, just like Bitmain's never to be IPO, Bitfinex is planning IEO - to gather the tethers, provided that they are covered by 75% fiat?!?! And there is a lot more in that exchange that is not right. So, I ask myself the question - what kind of people continue to sell Bitcoins and all the shitcoins for USD/USDT? For me, these people prove once again that they are just addicted to trading and having lost their sound mind a long time ago. Many, many times so far they did exactly the opposite of what the well informed choice will tell. That by the way is the main reason, why the normal people fail with most of their trades. If you are certain that the price will go up/down based on logic, news, qualities of the Bitcoin,... well  exactly the opposite will happen because of these insane people. Their life journey is 'sell to minimize losses' till the end of the world, no matter how big their profit would be if they act by reason and wait to sell at the best time. But for this they need to be educated and have a faith in Bitcoin that it will be at least $6K some day. 3 months ago it looked like it will take forever, but here are we now - almost there. For us, the real investors it is clear that Bitcoin not only will return to $20K, but will go for $100K and beyond. All these weak minds/hands are just a handicap that will be devoured. After all, the profit of the patient and reasonable people must be at the expense of the loss of the weak. That's the way of the jungle and the free market!
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May 01, 2019, 07:14:53 AM

Pretty good case for US trade deficit to be one of the main causes of hyperinflation and that the initial starting line for the event was August 2014 (assuming the US attempts to keep spending dollars other countries don't want):

https://www.silverdoctors.com/gold/gold-news/hugo-salinas-price-us-govt-thought-it-could-keep-world-from-investing-in-gold-by-suppressing-price/

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May 01, 2019, 08:22:31 AM


https://www.reddit.com/r/bitcoincashSV/comments/bjec1e/bsv_is_about_proof_of_work_not_just_in_mining_but/

BSV is about Proof of Work, not just in mining, but in all aspects. Other chains want to change the rules because they know that in time they cannot compete with or outwork the true Bitcoin. BSV is the only blockchain in the arena.


Recently I was thinking about this famous quotation by Theodore Roosevelt , his "Man in the Arena" speech:

"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

It makes me think of BitcoinSV. The critics are the ABC and Core losers that never put in work, never attempt, never fail, never try and try again, never fall short, but also never succeed, never triumph, and never change the world. They are the cold and timid souls on the sidelines, the ones with the NO2X hats, happy to strangle Bitcoin and destroy the original vision for a short term pump and dump narrative. They are the Chris Pacia's of the world that tell us 22MB blocks are impossible, and needle us about "6 block reorgs" even though no chain was ever more than 2 blocks behind. They make lies that big blocks will result in complete centralization and spread lies that big blocks take 41 minutes to propagate the network. They tell us about "poison blocks" and that big blocksizes are too dangerous. But BSV marches on and proves the world wrong again and again with world record 128MB blocks mined that dwarf that of any other public blockchain.

Its not perfect, sometimes we fall short, sometimes we err, sometimes we fail, but we learn from those failures, and learn from our mistakes and shortcomings. And we improve, and grow, and become stronger. For there is no effort without shortcomings. There is no improvement without trial and error. And who is even competing against us? The other loser chains are afraid to compete. They are afraid to enter the arena. They cannot compete, and they never could, that is why ABC were so critical of the early stress tests done by the BSV community. The only thing they have is to criticize BSV and Craig on social media, because they are doing nothing, they do not know how to work. The only work they seem to be doing is dedicating 90% of their life to obsessing about BSV and Craig. We now know Greg Maxwell of BlockStream is /u/contrarian__, the main defamation troll cult leader critic of Craig and BSV. When you spend all your work and time on being a critic you are not actually doing work. You are just being a critic on the sidelines, and you are not in the arena. You are attacking someone else's work because you don't know how to do real work. They are shitlord degenerate weirdos that can't even properly groom themselves, exercise, or wash their hoodies or clown shirts in a timely manner. You can smell their laziness from a mile away.

The ShamBitcoins have the illusion of work, while BSV does the real work. BSV does so much work that it gets captured and stolen by the fake Bitcoin chains. They steal the network effect, they steal the market cap, they steal the brand, they steal the merchants, they steal the ticker, they steal the subreddits that people like me and others worked hard to build, they steal our following, they steal the fiat onramps and exchanges. That is all they can do. All they know how to do is steal things and then try to rest on their laurels. This is why so many of them prefer POS, so they can become the oligarchs of the system.

It is the same in BTC-Core's Lightning, Jihan/ABC's Avalanche/POS plans, and ETH's plans for POS. These are all forms of POS and rent seeking, where the systems degrade into oligarchy. The oligarchs don't want to work, they don't want POW. BSV on the other hand is entirely about POW, and putting in work, in all aspects. We just march on and continue building and competing. The parasites are on our back sucking our blood and weakening us, but the honey badger continues on. The subreddit continues here, the chain continues with 128MB and 2GB in July, the building and infrastructure continues with moneybutton and unwriter's tools, and large op-return data sizes, and metanet. Parasites freak out and try to delist us because they realize the day of reckoning is approaching. They know in their gut they have stolen everything they ever had. The ShamBitcoin chains are dying, literally. When the reward halving runs out their chains will lose all of their hashing security. BSV is the only ledger that will persist because it can actually generate utility and fees on its gigantic blocksizes. The critics know they cannot compete on work, so they seek to change the rules of the game.

BSV is learning to swim on its own, exercising its mining muscles. We get stronger every day. We have mined world record 128MB blocks. While the other chains mining muscles are atrophied. They couldn't mine bigger blocks if they tried. They are wearing swim floaties on their skinny arms that lose half of their air every 4 years. Core and the Blue Matt are even giving presentations about how mining is bad and we need to get rid of mining altogether because they know they have already failed. Peter Todd is advocating inflation. They have failed to put in the work needed to scale.

So yes we are the ones in the arena, our faces marred with dust and sweat and blood. We are the ones working. We strive valiantly, and if we fail, at least we fail while daring greatly. At least we pushed the limits of what is possible, at least we were not cowards that lay down and give up, or try to steal others work and rest on their laurels. At least we were not just troll critics on the sideline who can only point out where the strong man stumbles. We in BSV at times may experience shortfalls, but we also are able to achieve great triumphs, for you can't have the latter without the former. So remember it is not the critics that count, and its not the trolls that count. Its us that count. We are the irate tireless minority that stands up for what is right. We are the ones that preserve Bitcoin for future generations. BSV is about changing the world, and if you want to change the world you better get off the sidelines and get in the arena.
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May 01, 2019, 08:25:45 AM

Snip nice graphs,

I just realised looking at that I BTFD     Smiley


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May 01, 2019, 08:36:40 AM


**blah blah blah lol BSV blah blah***

WTF is this, roach you finally found your calling, go get him, do us all a favor and troll him to death?

Welcome to my ignore list
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May 01, 2019, 08:37:52 AM

Capitalism just works.

Here is the obvious answer to censorship:

https://www.cnbc.com/2019/04/30/youtube-algorithm-changes-negatively-impact-google-ad-revenue.html


What opponents of capitalism don't understand is that it is essentially a global voting mechanism. It's the closest we have ever gotten to democracy.
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May 01, 2019, 08:43:41 AM
Last edit: May 01, 2019, 08:53:53 AM by VB1001


https://twitter.com/CobraBitcoin/status/1123245675012087808

Ok, received message, HODL and Buy more. Cheesy

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May 01, 2019, 09:01:05 AM


The ShamBitcoins have the illusion of work, while BSV does the real work. BSV does so much work that it gets captured and stolen by the fake Bitcoin chains. They steal the network effect, they steal the market cap, they steal the brand



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