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

[LFC_Bitcoin]

All these people keeping their Vegeta "It's over 9000!" memes, ready!

I’ve got some driving to do later, I don’t think I’ll be first
Hopefully it’ll be today

[AB de Royse777]

Can I order a hat from xhomerx :-)



Thank you.

[infofront]

Here's a post for people like Trollgoossens who actually believe Bitcoin is on some sort of clear skies sailing to an "inevitable" future of 500 bazillion dollars per coin.  I'm linking this Anonymint post because I think even prolific shills like Last of the V8s/Popescu actually do believe him and think this will/might happen (it has to do with the anyone can spend segwit coins and forced reversion to pre-segwit):

https://steemit.com/bitcoin/@anonymint/ps965c

And there's my reply to him below:

I find it odd you're actually bullish on Bitcoin with no valid form of scaling whatsoever.  LN is garbage because it's only possible evolution of network topology is a replica of the already existing banking system where you just have one channel open with a bank who routes all your transactions.  But people are stupid and they'd probably lie and shill for it anyway in order to try and pump their "investment".

But if you think segwit is just an inevitable land mine and LN isn't even in the picture at all, I think I calculated even with 8 MB blocks, only transactions of something like $10k+ would be viable on-chain with mainstream bitcoin adoption.  That's a pretty 'meh' system. Bitcoin would be very niche and probably fade into obscurity.  If it didn't fade into obscurity, it's market share would all be stolen by some higher scaling or cheaper to transact coin.  

That and it's not possible for imaginary, digital shitcoins to defeat metals as the base of Exter's Pyramid in the first place.  And China and Russia have already cast the die proclaiming metals as the future backbone of the financial system too.

You're still looking at Bitcoin as a transactional currency. It's not meant for buying cups of coffee, and it won't work that way. Maybe people will be able to do that via centralized, layer 3 solutions someday.

The 1MB immutable block size guarantees only the wealthiest of the wealthy will be able to move coins on chain. That's by design.

[kronos123]

I think that most of the users who participate in activations in here every day have already seen this video, but I find it right to make it known even to younger users.
I'm talking about Andreas Antonopoulos and his introductory description of what Bitcoin is, at the 2016 Singularity University's Innovation Partnership Program (IPP)

Fantastic video that makes you think and smile if we think it was shot in 2016, with Bitcoin at $ 600 and $ 10 billion in capitalization around.

https://www.youtube.com/watch?v=l1si5ZWLgy0&feature=youtu.be

[infofront]

What should I change the poll to?

[AlcoHoDL]

This slow rise is sooo smooth and satisfying... Seems we've entered a stage where the price rise is not rapid, but slow and organic (whatever that means). Kind of like a tank that slowly marches on conquered land...

5-digit territory in sight, locked, cocked and ready to rock.

Go Bitcoin go!

[JSRAW]

What should I change the poll to?

Hint : Everyone want to relocate somewhere nice after -100k-

[LFC_Bitcoin]

What should I change the poll to?

Who will buy back in first during an act of desperation so they don’t miss the moon bound mission?

• r0ach
• gembitz

[jonoiv]

What should I change the poll to?

What percent invested (in crypto) are you of your total savings?

100%
75-99%
50-74%
25-49%
0-25%


EDIT
* Excluding stable coins

[LFC_Bitcoin]

What should I change the poll to?

What percent invested (in crypto) are you of your total savings?

100%
75-99%
50-74%
25-49%
0-25%


EDIT
* Excluding stable coins

Yeah that’s a really good one to be fair.

+ 1 Merit

Edit - Just worked it out. I’m over 80% crypto to 20% fiat savings.

Shit!

[El duderino_]

What should I change the poll to?

Where tha 100K party going to be!

[El duderino_]

Can I order a hat from xhomerx :-)



Thank you.

I guess you can, but i’m not the HATmaster

[d_eddie]

What should I change the poll to?

What percent invested (in crypto) are you of your total savings?

100%
75-99%
50-74%
25-49%
0-25%


EDIT
* Excluding stable coins

I like this. With an important distinction to be made in the poll question: how much one invested in crypto/other assets vs. the present worth of crypto/other assets. The two ratios might be wildly different especially for OGs.

[Millionero]

I R trying to figure out if it's the 3lbs of bacon or the gun on the table that is the wrong part of the EU's assumptions!
 

Bacon and gun both good, but what's missing is the grits.

[fillippone]

What should I change the poll to?

Boobs or butt

Butts.
If Boobs are disappointing, there is a solution:you can easily fix them with little FIAT.
If Butts are disappointing, there isn't any solution: little or big FIAT.
 

[jonoiv]

What should I change the poll to?

What percent invested (in crypto) are you of your total savings?

100%
75-99%
50-74%
25-49%
0-25%


EDIT
* Excluding stable coins

I like this. With an important distinction to be made in the poll question: how much one invested in crypto/other assets vs. the present worth of crypto/other assets. The two ratios might be wildly different especially for OGs.

too many variables for a simple poll though,  The list of options would have to be quite big and it would get confussing

[MrFreeRoMan]

I R trying to figure out if it's the 3lbs of bacon or the gun on the table that is the wrong part of the EU's assumptions!
 

Bacon and gun both good, but what's missing is the grits.

The grits in bread! And
In Vino Veritas

[jonoiv]

I R trying to figure out if it's the 3lbs of bacon or the gun on the table that is the wrong part of the EU's assumptions!
 

Bacon and gun both good, but what's missing is the grits.

The grits in bread! And
In Vino Veritas

As an EU cit, i'm calling bullshit... the safety is on.

[LFC_Bitcoin]

All these people keeping their Vegeta "It's over 9000!" memes, ready!

Whoever posts the first Vegeta meme in this thread as we cross $9,000 I will send $20 worth of beer money to

Price reference - Bitstamp

[El duderino_]

1/ People have been asking for an update on the legal case with CSW, so here it is. I am being sued for libel and have until Friday at 12.00 to make a decision. The claim is for £100k and includes a number of other requirements.

https://twitter.com/petermccormack/status/1133673589394345984?s=21

........ continious..... wtf

That this is even serious