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

[JayJuanGee]

remember it did hit $1.50 in June 2017 on bitstamp  .

Say what now?

My mistake june 2016

You retarded if you really conclude that a downward BTC price spike like that on one exchange and with little to no lasting effect has any kind of significant meaning beyond capturing a snapshot of a liquidity problem on one exchange for one moment in time....   You Goofball.  

[1714866857]

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[1714866857]

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[1714866857]

1714866857

[HairyMaclairy]

Latest spy shots of the all electric, 592 bhp, 664 lb ft, Porsche Taycan (formerly known as Mission E).  Want.  



https://www.evo.co.uk/porsche/17091/2019-porsche-taycan-nears-production-all-the-details-on-stuttgart-s-tesla-model-s

[Anon136]

buy now @~8k which is still dirt cheap for BTC

On what planet is $8000 "cheap" for an imaginary, valueless timestamp?  Even $1 is expensive for a timestamp.  Their shtick is that the timestamps are somehow limited and you must act now to get one!  But it's artificial scarcity that can be replicated infinitely by just forking or creating a new coin.

You are kind of right but you look at the problem from the wrong angle.

The world needs good money. It NEEDS it. Fiat is not it. Fiat is awful in every way. Gold and silver are pretty good in some situations but just plain worthless when it comes to digital commerce. If someone could just invent teleporters then gold and silver would be so great, but alas. So that leaves what? Private issuance currencies and decentralized digital currencies. Private issuance currencies have been demonstrated to be too fragile (I'm looking at you liberty dollar). So now we are left with one. Decentralized digital currency. The problem with those are exactly what you pointed out above. But there are no other options. Its all we have left.

So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special. Well anyone can fork bitcoin but those forks tend to have no value. You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

Keep it up lads, we've done it for 10 years so far, here's to another 10 and maybe another 100 after that.

[Hueristic]

You retarded if you really conclude that a downward BTC price spike like that on one exchange and with little to no lasting effect has any kind of significant meaning beyond capturing a snapshot of a liquidity problem on one exchange for one moment in time....   You Goofball.  

And creating some Lucky Bastards!

I don't mind admitting I'm jelly of them.

[LFC_Bitcoin]

Latest spy shots of the all electric, 592 bhp, 664 lb ft, Porsche Taycan (formerly known as Mission E).  Want.  



https://www.evo.co.uk/porsche/17091/2019-porsche-taycan-nears-production-all-the-details-on-stuttgart-s-tesla-model-s

You’ll be able to buy one of them with 0.1BTC in 2021 & still have change

[jonoiv]

remember it did hit $1.50 in June 2017 on bitstamp  .

Say what now?

My mistake june 2016

You retarded if you really conclude that a downward BTC price spike like that on one exchange and with little to no lasting effect has any kind of significant meaning beyond capturing a snapshot of a liquidity problem on one exchange for one moment in time....   You Goofball.  

Goofball... :D:D

where are you from ? HappyDays  are you really fonzie with a new username?

More importantly why do you get the thread edited all the time and delete important quotes to try and prove a point that isn't there.  

Tell me why do my posts, that include your quotes from the past get edited?  

Vast numbers of the say [edited out]

Is it because you're full of shit?

[fabiorem]

You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

About these forking issues, the majority of bitcoin miners have signalled Segwit in 2017. I dont believe they will leave the consensus they agreed upon, and if they do, I believe they will warn it first.

Money is based on consensus, without consensus there is no money.

[HairyMaclairy]

Fractal says we are looking pretty comfortable

[HairyMaclairy]

You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

About these forking issues, the majority of bitcoin miners have signalled Segwit in 2017. I dont believe they will leave the consensus they agreed upon, and if they do, I believe they will warn it first.

Money is based on consensus, without consensus there is no money.

Miner signalling isn’t worth shit because it doesn’t represent economic consensus.  The users have the real power.  BCH is worth bugger all despite Bitmain support because miners have no power.  


Also Anon136 needs to learn the difference between a hard and soft fork. 

[Anon136]

You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

About these forking issues, the majority of bitcoin miners have signalled Segwit in 2017. I dont believe they will leave the consensus they agreed upon, and if they do, I believe they will warn it first.

Money is based on consensus, without consensus there is no money.

Miner signalling isn’t worth shit because it doesn’t represent economic consensus.  The users have the real power.  BCH is worth bugger all despite Bitmain support because miners have no power.  


Also Anon136 needs to learn the difference between a hard and soft fork. 

HairyMclairy needs to learn that both hard and soft forks are a subset of the only word I used in my post relating to any kind of fork, which was the word fork.

[jonoiv]

You retarded if you really conclude that a downward BTC price spike like that on one exchange and with little to no lasting effect has any kind of significant meaning beyond capturing a snapshot of a liquidity problem on one exchange for one moment in time....   You Goofball.  

And creating some Lucky Bastards!

I don't mind admitting I'm jelly of them.

Of course,  but why did he edit out the orginal quote?  then basically go on a tangent, that was nothing to do with the orinal reason?

Why do tons of JJG quotes from the past now read [EDITED OUT]

Strange he claims to be geniune, but yet all his past "predictions" fall flat and he needs to cover his arse with smoke and mirrors.  

I said I think the bottom will be arround $2600 and I stand by it.    Some troll said I said the price will go to 0.  I never said that 0 is going to happen but pointed out it's not impossible for prices to touch arround that that,  like last week the same thing happened on Kracken with BTC/CAD.

 

[HairyMaclairy]

You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

About these forking issues, the majority of bitcoin miners have signalled Segwit in 2017. I dont believe they will leave the consensus they agreed upon, and if they do, I believe they will warn it first.

Money is based on consensus, without consensus there is no money.

Miner signalling isn’t worth shit because it doesn’t represent economic consensus.  The users have the real power.  BCH is worth bugger all despite Bitmain support because miners have no power.  


Also Anon136 needs to learn the difference between a hard and soft fork.  

HairyMclairy needs to learn that both hard and soft forks are a subset of the only word I used in my post relating to any kind of fork, which was the word fork.

Then don’t say that it is “arguable” that Bitcoin is a [soft]fork when it is a fact that Bitcoin has soft forked by consensus at least 18 times, and soft forked by orphaned blocks probably thousands of times.  

[P_Shep]

'unpatchable' trezor news incoming ??
?? hands-on needed as ever

https://twitter.com/al_maisan/status/1137670508474974208
https://www.youtube.com/watch?v=DqhxPWsJFZE in the middle apparently
https://blog.trezor.io/our-response-to-ledgers-mitbitcoinexpo-findings-194f1b0a97d4 - unsatisfacory

Really are a couple of school kids, Trezor and Ledger.
*Blows raspberry*
*Pulls hair*

[Anon136]

You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

About these forking issues, the majority of bitcoin miners have signalled Segwit in 2017. I dont believe they will leave the consensus they agreed upon, and if they do, I believe they will warn it first.

Money is based on consensus, without consensus there is no money.

Miner signalling isn’t worth shit because it doesn’t represent economic consensus.  The users have the real power.  BCH is worth bugger all despite Bitmain support because miners have no power.  


Also Anon136 needs to learn the difference between a hard and soft fork.  

HairyMclairy needs to learn that both hard and soft forks are a subset of the only word I used in my post relating to any kind of fork, which was the word fork.

Then don’t say that it is “arguable” that Bitcoin is a [soft]fork when it is a fact that Bitcoin has soft forked by consensus at least 18 times, and soft forked by orphaned blocks probably thousands of times.  

Yea okay. You can have consensus problems over soft or hard forks. Dur. But I'll tell you what, you have fun playing in the weeds and ignoring the point of my post. I'll be moving on now.

[HairyMaclairy]

Stone Age stoners

https://advances.sciencemag.org/content/5/6/eaaw1391.full

Abstract
Cannabis is one of the oldest cultivated plants in East Asia, grown for grain and fiber as well as for recreational, medical, and ritual purposes. It is one of the most widely used psychoactive drugs in the world today, but little is known about its early psychoactive use or when plants under cultivation evolved the phenotypical trait of increased specialized compound production. The archaeological evidence for ritualized consumption of cannabis is limited and contentious. Here, we present some of the earliest directly dated and scientifically verified evidence for ritual cannabis smoking. This phytochemical analysis indicates that cannabis plants were burned in wooden braziers during mortuary ceremonies at the Jirzankal Cemetery (ca. 500 BCE) in the eastern Pamirs region. This suggests cannabis was smoked as part of ritual and/or religious activities in western China by at least 2500 years ago and that the cannabis plants produced high levels of psychoactive compounds.

[realr0ach]

The world needs good money. It NEEDS it. Fiat is not it. Fiat is awful in every way. Gold and silver are pretty good in some situations but just plain worthless when it comes to digital commerce...

..So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special.

It's not a negative that physical metals as money are NOT CONDUCIVE to globalization, it's A FEATURE - a positive one.  Globalization creates overspecialization and lack of local redundancy, which then results in complete system collapse with the side effect of 90% of civilization having no reason to exist.  See Joseph Tantor et al.  Oh, you want to be able to buy everything on the planet from Amazon while every other store on earth goes out of business?  Too bad.  Local economies have to exist with redundant systems to the next state or country over.  If you're not doing things redundantly to the country next to you, you're not a country in the first place and are just a defacto, global, feudalist govt cog.

No, we do not need a "collective delusion".  Delusion is just a synonym for scam.  The further you abstract from barter, the bigger a scam you have.  The closest thing to barter without actually using barter is trading non-perishable physical commodities or resources.  Anything that's not a resource or commodity is just an artificial scarcity Keynesian scam.  Yes, digital shitcoin scammers are Keynesians while pretending not to be.  Whether you believe the universe was created by some sort of God or it created itself, the only way you're getting out of Keynesian scams is by using the tools the universe gave you for economics instead of pretending to play God yourself.  I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

[JayJuanGee]

jonoiv is going to be well pissed. Watch out!

Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market.  $2600 best case scenario or lower probable bottom.

If there is no TA, wh not try a meme

Why provide a TA to a permabear troll?   Your only TA is BTC going to zero!

Obviously not a permabear if i held bitcoin for periods of my time here.   And im sure it's not going to 0, like i said my estimate is $2600 , late 2019 or 2020, but remember it did hit $1.50 in June 2017 on bitstamp  .


EDIT: june 2016

Another problem with your $2,600 BTC price prognostication for late 2019 or 2020, jonoiv, relates to a kind of presumption that you seem to have concerning what kind of market BTC currently is in.  

In other words, until further notice, there seems to be pretty decent odds that we have already transitioned into a bull market; therefore, a breaking of the BTC price upwardly seems to be more likely than breaking of the BTC price down.  So, it seems that you are presuming the extra-ordinary when you are asserting down, with such certainty.

Another way of saying it is that a lot of changes in BTC price dynamics is going to have to happen in order for BTC's current price trend to change direction, including a real need to break down to below $6k - which seems quite reluctant to happen at this time.  

Furthermore, even a break of the BTC price down to below $6k would not seem to be a significant condition precedent to take BTC out of our currently existing bull market leaning.

Surely, I am receptive to change my perspective about what kind of market we are currently in, and surely, I have not been the type to be buying BTC on the way up in anticipation of a kind of inevitable and continued UP..

Nonetheless... Odds of UP seem to continue to be better than Odds of down, even if we were to have some shorter term correction in the interim, such as going down to $6k-ish.  So, yeah, even refilling your BTC bags in the $6k price arena comes off as 50/50 at best.. .. and I would not want to be betting any more than 50% of my BTC stash on something that has in the ballpark of merely 50% odds.

[Raja_MBZ]

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

[realr0ach]

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

1)  Metals are superior to imaginary, valueless, digital shitcoins as a settlement system.

2)  A donkey is not a superior form of transportation.

3)  A Lamborghini is not an artificial, Keynesian construct; it's made of metal, so part of the natural world and not even a valid comparison.  Keynesian systems are entirely arbitrary and based on magic numbers.  A shitcoin can be made of 21 or 21 million units.  A lambo cannot have 21 million wheels or be made out of bread.

[Raja_MBZ]

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

1)  Metals are superior to imaginary, valueless, digital shitcoins as a settlement system.

2)  A donkey is not a superior form of transportation.

3)  A Lamborghini is not an artificial, Keynesian construct; it's made of metal, so part of the natural world and not even a valid comparison.

lol

Heh.


Lol

lol, lol.. he, he.

lol

lol