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

[Last of the V8s]

F*** one out goal needed big time!!!

Surely not

see?

[vroom]

... via @lopp

nice collection. I have a cryptosteel and a frozen armor

[El duderino_]

F*** one out goal needed big time!!!

Surely not

see?

Exactly today Messi has his day of extreme greatnes and wtf did salah missed right here 

[alevlaslo]

Craig Wright and Calvin Ayre make nice with a crypto exchange
A week after BSV was delisted from multiple exchanges, the cryptocurrency’s champions invest in one. Building BSV as an enterprise platform is the goal.

Calvin Ayre, Craig Wright and the Bitcoin SV cryptocurrency they champion are popular with at least one exchange. Ayre’s Coingeek has teamed up with Drive Markets, a new institutional and individual crypto exchange, and will make a multimillion-dollar investment in the company. Wright’s nChain will supply blockchain consulting services and access to its intellectual property.

As Modern Consensus reported, Wright and Ayre earned the animosity of much of the cryptocurrency community last week after threatening to sue, and in at least one case actually suing, people who have called Wright’s claim to be Bitcoin creator Satoshi Nakamoto a lie. As a result, Bitcoin SV (BSV) was delisted from several major exchanges, including Binance.

At the same time it disclosed the investment, Drive Markets’ announced that its Drive Pay, a real-time remittance and settlement network for crypto and fiat currencies, will be run on a Bitcoin SV (BSV) ledger, and will use BSV coins as a bridge currency for liquidity, according to a press release. The company said that Drive Pay is a cross-blockchain platform targeting traders in capital markets and the foreign exchange market. It has its own utility token, Drive Coin (DRV), launched on April 3.

Drive’s release makes clear that the investment and partnership is all about boosting BSV as an enterprise (or permissioned) blockchain platform, at least for Ayre and Wright. In fact, it flat-out says it: “Ayre… expects the undisclosed investment which is in the multiple seven figures, to provide a significant boost to BSV enterprise usage and transaction volume.”

Drive says its support of BSV is because of its scalability. The release also takes several swipes at Bitcoin (BTC) in its Bitcoin Core appellation in this regard, noting that BSV just created a pair of 128 MB blocks which can handle more than 800 transactions per second. And, apparently, is preparing for gigabyte and terabyte blocks. “For comparison, Bitcoin Core BTC has a small 1MB block cap,” it added.

Ayre is quoted as saying “Drive recognizes the original Bitcoin vision, now back in the form of Bitcoin SV, works at a massive scale. I look forward to seeing the Drive Pay network process huge amounts of transactions on the BSV blockchain, and further unleash the true power of Bitcoin.”

Drive has partnered with MetaTrader, which has a trading platform popular with forex traders, and First Data, a database provider and consulting firm focused on the finance, technology and energy markets. Drive Markets promises, “a crypto trading experience synonymous with forex trading.”

Source By Leo Jakobson: https://modernconsensus.com/cryptocurrencies/bitcoin/craig-wright-calvin-ayre-drive-markets/

[cryptjh]

The Bitcoin is a Demographic Mega-Trend: Data Analysis shows that more people know about bitcoins now compared to 2017 and the younger they are the more interested in bitcoins they are!
The survey was conducted from April 23–25, 2019 among 2,029 American adults

https://medium.com/@Bitcom21/bitcoin-is-a-demographic-mega-trend-data-analysis-160d2f7731e5

[Last of the V8s]

^already posted twice to the thread, but not with all the graphs, so meh
anyway please edit the size down to something reasonable: img width=500

There will be a minimum buy-in of $1 million

Zhao Dong confirms

[El duderino_]

So I am guessing you missed out the college just like me but you are street smart

I did miss Some of those yes only high-school myself....

I went to graduate school for an advanced degree in Neuoscience and I can tell you it means fuckall in terms of acquiring real life/world experience. The only 2 things I got out of it were:

1. A $30,000 student loan
2. Concrete proof that people who value intellect and associated status over all else are are massive cunts.

There's obviously more than one way to be smart. That's another thing I learned.

Whatever it is what anybody does in here .................... its way better as what you're doing, you waste page space, good members time with reading stupidity and you waste you're own time which is meaningless but still you don't know that so consider it to be waste as well.

[El duderino_]

Seasonal map of Bitcoin MoM performance



https://twitter.com/TuurDemeester/status/1123680217590050816

[El duderino_]

If you purchased $1,000 of bitcoin at the start of a given year this is how much it would be worth today.

Incredible returns. Long bitcoin, short fiat.



https://twitter.com/BlocktownCap/status/1123678818890338306

[evergreendog]

Some  of you guys seem to act like you are eternal holder.s  Whats the point of making money if you never spend it and enjoy yourself.  Never know how long you will live and you can enjoy it a lot more when your younger.

[cryptjh]

^already posted twice to the thread, but not with all the graphs, so meh
anyway please edit the size down to something reasonable: img width=500

There will be a minimum buy-in of $1 million

Zhao Dong confirms

Didn't see the link to Bitcoin is a Demographic Mega-Trend: Data Analysis was posted already. But that analyze did have some great graf, so wanted to be sure they where here to be found. 

[El duderino_]

Some  of you guys seem to act like you are eternal holder.s  Whats the point of making money if you never spend it and enjoy yourself.  Never know how long you will live and you can enjoy it a lot more when your younger.

HODL = enjoying, and no worries I’m no Ebenezer Scrooge....... most in here can handle their Fun and stuff.... didn’t you saw that Lebowski coat on that Porsche in here etc....

[Last of the V8s]

yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined
let that factoid sink in boyo

[Last of the V8s]

https://www.hrw.org/report/2019/05/01/chinas-algorithms-repression/reverse-engineering-xinjiang-police-mass-surveillance
https://www.hrw.org/video-photos/interactive/2019/05/02/china-how-mass-surveillance-works-xinjiang
cool way to get proof of profiling - examine the police app used to do it

[BTCMILLIONAIRE]

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.

>says he's invested in BTC
>takes lame shots at BTC every chance he gets

The more breher speaks, the more I think hes a troll that lives in his mother's basement, and owns no crypto at all. Putting him on ignore. Its the healthiest option at this point. What does he actually contribute of value in terms of conversation? He can't absorb incoming information, only rehash tired rhetoric.

feel free to ignore him. i find he is a useful filter of information. ignores drama and fluff, only comments on technical stuff, with the chops to back up his views.

also as i still have some bitcoin cash from the btc/bcash_lol split (so by default abc and bsv, or whatever tickers those are under now as i havent moved them since those split), its useful to see what the "competition" is up to. as it just may effect btc price. although it sure doesnt seem to effect it much nowadays.

This is what I like about jbreher, even though I am against BCash.

And despite some of our differences, HM seems to be working towards that style of arguing as well which I can appreciate a lot.

As much as I love trash talking in private, I feel that if the general public made an effort to argue in a fact based and objective manner (objective as opposed to emotional) the political landscape would eventually follow suit.
And that would overall be one of the most positive achievements of humanity, regardless of whether or not we follow a conservative or liberal approach. Right now there's just far too much of a school tier popularity piss contest going on.

My hunch is that rational and fact based discourse would eventually lead to a fiscally conservative and socially liberal population, which appears to be the most sensible and empowering middle ground between the two ideologies. Fingers crossed Bitcoin and the current overall shitstorm will help us get there before we need to go for another round of WW.

Technically, Bitcoin is permissioned, but I wouldn't consider it like that when you can pay cents on the dollar to ask for, and be granted permission by almost everyone else, especially if you're sending larger value with less data. These so called rent-seeking middlemen designed to centralize will fight each other (opposing centralization) to include your transaction.

They're miners, that's what they do, and that's their incentive to do it.

While centralization by volume is certainly a very plausible outcome simply due to Economics of scale, your post precisely outlines why it doesn't matter in the way that Roach suggests. There is nothing to stop me from starting a premium service for the disenfranchised. In fact, payment accelerators already exist and anti-censorship transactions are no more than a variation of such.

[xhomerx10]

yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined
let that factoid sink in boyo

 I save so much money not having to purchase nitrous oxide for laughs thanks to you.   

[fillippone]

@PlanB updated his bitcoin price graph:

https://twitter.com/100trillionusd/status/1123691786252189697?s=21



#bitcoin chart update: 12 months to next halving .. still green but already near Stock-to-Flow model value

[El duderino_]

yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined
let that factoid sink in boyo

 I save so much money not having to purchase nitrous oxide for laughs thanks to you.   

Yeah it was a good one, good to take with me into HODLsleep, exhausted whiteout knowing where from ?? Probably from HODLing and not spending a penny on whatsoever.

GOOD night WO-bro’s 

Keep on the HODL theme and we Will be allright.

[BTCMILLIONAIRE]

Yes, I'd rather not champion the tether cause at all as I thought it was a fractional reserve from the beginning (you can find tons of my posts warning about it years ago) and still think it was but I believe they balanced the books by BTD during the winter and then had that law firm confim they had the funds but now they only have 75% because the US led attack on them seized to 750 million (orso). So it looks like they were completely solvent until the Good ol US of A went after them and that has interesting timing as other stablecoins that are institutionally backed are now launched.

Things that make you go Hmmm.

https://i.ytimg.com/vi/XM1-16wxe24/hqdefault.jpg

The government is only trying to protect us from our own bad choices.

Such as getting a double mortgage to 80x long Tesla over a 420 meme Tweet.

Or getting a job when you're on social welfare.

[Searing]

Some  of you guys seem to act like you are eternal holder.s  Whats the point of making money if you never spend it and enjoy yourself.  Never know how long you will live and you can enjoy it a lot more when your younger.

Crypto IMHO, is 'speculation' not 'investment'. It is the closest thing to finding out about 'a venture capital investment' that I will ever have...as insider billionaires do. (2013).

Thus, IF you think there are really only going to be 21 million BTC and 86% have already been mined and BTC is like 'virtual land'. It is hard not to HODL.

IF you put in $$$ you can afford to lose. That is the real kicker. Investments are stuff you probably can't afford to lose. Speculation on crypto/land or whatever is a different beast.

So it is not that I'm not selling yet (besides panicking at about $3,965 USD BTC price (the horror) of 13 BTC. (now down to only 8 BTC from that). I have an out price after that bit of

backsliding, I will likely be buried with 50% of the BTC Hoard, before selling if it does go tulips. that is my floor.

Anyway, my panic sell aside, when all looked going to sh*t., that is what a lot of us are in HODL mode for. The above way of looking

at how BTC/Blockchain/etc MAY evolve. (again calculated risk and speculation)

It is that the blockchain is not like the Internet run back in the day. If you think 'adoption' is coming. Back in the day with the internet, there was NO
 
money in the 'backbone' internet itself...it was in the 'applications' (Yahoo, Google, Amazon, eBay, etc). With Bitcoin and the blockchain (the bet is) the

money will NOT be in the applications exclusively but reflected in the PRICE of bitcoin as the infrastructure of BTC and applications are developed.

Thus the 'virtual land' analogy. I certainly am in no position now to mine the BTC I did from 2013, thus if I have drunk the kool-aid, this is the HODL plan.

People confuse buying BTC and crypto as an investment...eh...kinda....but to me it is more a speculative venture capital bet that could still go (I hope)

way bigger then we've seen in the past.

If this was ALL about money, I'd have sold my first year, when it went up 10x and taken my 10k and left the table.

I am enamored with the possibilities and not looking exclusively at the liabilities...thus I guess that is what a HODL'er means at this point in time.

Anyway, how I see this. Dubious or not. (then again, I did as stated above, panic and sell 13 BTC (recouped 4 so far), so consider the source on the above rant)

brad