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

[jbreher]

Good bye GitHub, welcome MetaNet and the power of BitCoin
https://codeonchain.network/

You can simply use the bsvpush command line tool to upload an entire folder by running: bsvpush push
https://github.com/jolonf/bsvpush

Nobody here or in the world - outside of BSV brainlets such as yourself - gives a shit about your farcical Faketoshi crap. Wake me up when BSV flips BCH in market cap.

There exists a problem: Microsoft is enforcing geofencing on the repository undergirding the world's most prominent FOSS VCS.

There exists a solution under development: An eventual git-workalike whose repository is built upon a decentralized, permissionless blockchain.

And all you can see is: Aussie man bad!

SMH

[1714904318]

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[1714904318]

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[jojo69]

Well, to be fair, aussie man is pretty fucking disagreeable.

It would be way better for you guys if you could find a way to throw off some of these offensive personalities...just sayin'.

[Torque]

Well, to be fair, aussie man is pretty fucking disagreeable.

It would be way better for you guys if you could find a way to throw off some of these offensive personalities...just sayin'.

Like off a cliff, for starters.

[Ludwig Von]

Damn, we might get to $9600 in a week or two with such craziness...

Lol, Yes, 9650 I guess... . Big dildos have taken a day off it seems... . 

[jbreher]

Well, to be fair, aussie man is pretty fucking disagreeable.

It would be way better for you guys if you could find a way to throw off some of these offensive personalities...just sayin'.

If you can explain to me how to 'throw off some of these offensive personalities' from a permissionless system, that might be doable. But that would be abandoning perhaps the most foundational principle. Quite the conundrum.

[Torque]

Well, to be fair, aussie man is pretty fucking disagreeable.

It would be way better for you guys if you could find a way to throw off some of these offensive personalities...just sayin'.

If you can explain to me how to 'throw off some of these offensive personalities' from a permissionless system, that might be doable. But that would be abandoning perhaps the most foundational principle. Quite the conundrum.

TheRealSatoshi walked away from Bitcoin^TM.

But FakeSatoshi remains, because he controls the mining cartel for his little shitcoin and can't leave the profit behind.

Quite the conundrum, eh?

[nutildah]

Good bye GitHub, welcome MetaNet and the power of BitCoin
https://codeonchain.network/

You can simply use the bsvpush command line tool to upload an entire folder by running: bsvpush push
https://github.com/jolonf/bsvpush

Nobody here or in the world - outside of BSV brainlets such as yourself - gives a shit about your farcical Faketoshi crap. Wake me up when BSV flips BCH in market cap.

There exists a problem: Microsoft is enforcing geofencing on the repository undergirding the world's most prominent FOSS VCS.

There exists a solution under development: An eventual git-workalike whose repository is built upon a decentralized, permissionless blockchain.

And all you can see is: Aussie man bad!

SMH

He's the de facto captain of your pirate ship. Unfortunately the #2 in command isn't any better. BSV would be much more respectable if you mutinied against them, for the good of the ship.

Regardless, its a bit intellectually dishonest to pretend BSV would be anything without Wright. We've been through this a dozen times already -- its market cap subsists tremendously on the farce that Wright is Satoshi. How much, you may ask? Well, obviously anything over $80 a coin for starters, and probably half of that as well.



You're acting like there's not already a hundred coins out there with some at least slightly innovating new tech that are trying to solve certain problems -- there are, and nobody gives a shit about them as much as they do SV because they're not claiming to be the "real bitcoin" or have Satoshi as their dev.

My prediction for everything BSV-related: it will crumple into nothingness as so many other altcoins with grand plans have before it. Frankly I find the tech behind Counterparty (XCP) to be far more revolutionary and superior to anything put forward by SV. Your coin is a hoax.

[jojo69]

Quite the conundrum.

I get that, and I feel for you, their antics have to be disheartening.  I don't have an answer.

I have become increasingly agnostic on blocksize in a purely philosophical sense.  I recognize that there are bad actors on both sides with vested interests and I have been working to immunize myself against their propaganda and name calling.

This is NOT to say that I am in any way ready to throw in with either of the current train wreck forks, though I will now don my flamesuit prophylactically given the current venue.

One can only hope that the free market of ideas will allow a really workable solution to rise to the top. 

[Saint-loup]

What do you make of his $1million btc prediction?  I don't think it will happen

Overly ambitious.  But I wouldn’t definitively rule it out.

Specifically, McAfee predicted $1M by the end of 2020.  
A raging bull market may peak at $1M in q4 2020, but assuredly a major bear market will follow in the event.

McAfee prediction is based on his own “mathematics”. But he never disclosed why and how BTC will get to this level.

PlanB also predict multi millions values for bitcoin, he clearly states how we will get to that valuations. Part of the story is als o the fact that USD will lose much of his value (BTCUSD going up not because BTC going up, but because USD going down).
Still, difficult, not impossible.
2020?hardly doubt so, even if halvening effect fully takes place.

Hilarious that these clowns like McAfee make these outrageous Bitcoin price predictions, like the price will just magically "rise" to these astronomical levels on its own, in a supposed vacuum.

They never talk about people. As in, price rises when people fucking buy Bitcoin. As in public demand outstripping supply. So what is going to spur this amazing and sudden demand? Everyone I've talked to has no plans to create an account and buy any Bitcoin, no matter what the price does.

tldr; Bitcoin price doesn't just magically rise on its own.  /rant

However the demand is here, according to Ameritrade CEO...

Bitcoin Drawing More Interest From Traders, TD Ameritrade CEO Says

Despite U.S. lawmakers' skepticism toward Facebook's proposed digital token, Libra, individual investors are eager to trade cryptocurrencies like bitcoin, TD Ameritrade CEO Tim Hockey says in an interview.
Congress hates it. Regulators don't know what to do with it.
But cryptocurrencies like bitcoin are drawing increasing interest from investors, and they want to trade it, said Tim Hockey, the outgoing CEO of the online brokerage firm TD Ameritrade.
"Clients are asking for it"
"Especially given the discussions around Libra and the rebound in bitcoin, there's heightened interest again"

https://www.thestreet.com/markets/bitcoin-drawing-more-interest-from-traders-td-ameritrade-ceo-says-15028466

[jbreher]

Nobody here or in the world - outside of BSV brainlets such as yourself - gives a shit about your farcical Faketoshi crap. Wake me up when BSV flips BCH in market cap.

There exists a problem: Microsoft is enforcing geofencing on the repository undergirding the world's most prominent FOSS VCS.

There exists a solution under development: An eventual git-workalike whose repository is built upon a decentralized, permissionless blockchain.

And all you can see is: Aussie man bad!

SMH

Regardless, its a bit intellectually dishonest to pretend BSV would be anything without Wright.

I disagree. Surprise.

Gee, And I thought the topic of discussion was Microsoft's closing down access to github, and potential solutions thereupon.

We've been through this a dozen times already -- its market cap subsists tremendously on the farce that Wright is Satoshi.

I acknowledge that a large input to BSV's market cap is likely the question of the Satoshiness of CSW. However, given the endemic presence of Craig Derangement Syndrome (e.g., the topic of discussion vs. your imperative to making the potential solution a referendum on CSW), it is rather unclear as to whether CSW's association with SV is price-positive, or price-negative.

You're acting like there's not already a hundred coins out there with some at least slightly innovating new tech that are trying to solve certain problems -- there are, and nobody gives a shit about them

Funny that. It's not about new tech trying to solve certain problems. It is about established tech that has already solved the problem of permissionless non-inflationary money. And the ONLY chain that is progressing back to that original design.

[nutildah]

One can only hope that the free market of ideas will allow a really workable solution to rise to the top. 

Isn't that what's happening right now? Bad actors can only keep a really good idea down for so long. I remember there was this documentary from 2006 called "Who Killed the Electric Car?" Well, it turns out the answer is "nobody."

[nutildah]

I acknowledge that a large input to BSV's market cap is the question of the Satoshiness of CSW. However, given the endemic presence of Craig Derangement Syndrome (e.g., the topic of discussion vs. your imperative to making the potential solution a referendum on CSW), it is rather unclear as to whether CSW's association with SV is price-positive, or price-negative.

Breher you know full well we're not talking about CSW's association with SV, we're talking about Satoshi's association with SV. CSW came as part of the SV package, nobody is denying that. Its not an unknown. Its been factored into the price since Day 1.

Funny that. It's not about new tech trying to solve certain problems. It is about established tech that has already solved the problem of permissionless non-inflationary money. And the ONLY chain that is progressing back to that original design.

Well, I don't know how you "progress" back to an original design, its more like a "regress." But I'd like to also use your own words to respond to this:

Gee, And I thought the topic of discussion was Microsoft's closing down access to github, and potential solutions thereupon.

Where is this goal part of the white paper, that Craig read, probably when he wrote it...

[jojo69]

One can only hope that the free market of ideas will allow a really workable solution to rise to the top. 

Isn't that what's happening right now? Bad actors can only keep a really good idea down for so long. I remember there was this documentary from 2006 called "Who Killed the Electric Car?" Well, it turns out the answer is "nobody."

We'll see...

It may yet turn out that we have a transaction throughput problem with the current configuration, not to mention an L2 centralization problem.

And no, I am not overlooking the chainsize/full node maintenance centralization problem of the alternatives.

These problems, they need solving.

[Torque]

One can only hope that the free market of ideas will allow a really workable solution to rise to the top.  

Isn't that what's happening right now? Bad actors can only keep a really good idea down for so long. I remember there was this documentary from 2006 called "Who Killed the Electric Car?" Well, it turns out the answer is "nobody."

Actually the real answer all along was "absence of viable battery technology". But some of the conspiracy theorists (the idiot ones) had their heads in the sand over that issue. It was more fun and more policy-targeted to blame the oil/gas industry.

[Torque]

We'll see...

It may yet turn out that we have a transaction throughput problem with the current configuration, not to mention an L2 centralization problem.

And no, I am not overlooking the chainsize/full node maintenance centralization problem of the alternatives.

These problems, they need solving.

Let's start with this problem first:

"Why would I go through all the hassle and fees to buy Bitcoin so I can buy stuff with it (and then have to report the transaction to the IRS), when I can just use my bank account fiat and not endure any of that aggravation?"

[jojo69]

Let's start with this problem first:

"Why would I go through all the hassle and fees to buy Bitcoin so I can buy stuff with it (and then have to report the transaction to the IRS), when I can just use my bank account fiat and not endure any of that aggravation?"

The "store of value" proposition obtains here.

There is currently no need to "buy stuff" given the evaporating value of fiat holdings.

[hv_]

Nobody here or in the world - outside of BSV brainlets such as yourself - gives a shit about your farcical Faketoshi crap. Wake me up when BSV flips BCH in market cap.

There exists a problem: Microsoft is enforcing geofencing on the repository undergirding the world's most prominent FOSS VCS.

There exists a solution under development: An eventual git-workalike whose repository is built upon a decentralized, permissionless blockchain.

And all you can see is: Aussie man bad!

SMH

Regardless, its a bit intellectually dishonest to pretend BSV would be anything without Wright.

I disagree. Surprise.

Gee, And I thought the topic of discussion was Microsoft's closing down access to github, and potential solutions thereupon.

We've been through this a dozen times already -- its market cap subsists tremendously on the farce that Wright is Satoshi.

I acknowledge that a large input to BSV's market cap is likely the question of the Satoshiness of CSW. However, given the endemic presence of Craig Derangement Syndrome (e.g., the topic of discussion vs. your imperative to making the potential solution a referendum on CSW), it is rather unclear as to whether CSW's association with SV is price-positive, or price-negative.

You're acting like there's not already a hundred coins out there with some at least slightly innovating new tech that are trying to solve certain problems -- there are, and nobody gives a shit about them

Funny that. It's not about new tech trying to solve certain problems. It is about established tech that has already solved the problem of permissionless non-inflationary money. And the ONLY chain that is progressing back to that original design.

++

[Torque]

Let's start with this problem first:

"Why would I go through all the hassle and fees to buy Bitcoin so I can buy stuff with it (and then have to report the transaction to the IRS), when I can just use my bank account fiat and not endure any of that aggravation?"

The "store of value" proposition obtains here.

There is currently no need to "buy stuff" given the evaporating value of fiat holdings.

Agreed.

So potentially if millions of people all over the world buy Bitcoin infrequently (as a store of value), and hold for long periods of time, years or even decades, then the whole "transaction throughput problem" is overblown and over-hyped, is it not?

Since they won't be doing daily transactions with it?

Just like PMs. Nobody buys a silver coin just to turn around and try to buy a hamburger with it.

[JayJuanGee]

Purhaps this is a double bottom signaling a possible trend reversal?

This is negative action, a while back it lost the positive trend.   Its been doing well to go sideways but its failed a few times to go up.   It looks negative to me and I think the potential is greater downwards then upwards, truth is nobody can tell you absolutely and in any case the trend varies by the time frame you view it from.   Short to medium term I'd call it negative I think

This is some double top, basically just short term but speculators watch that


This is longer term and matters more, I could be wrong but the simplest approach is to count the highest peaks and call if they go up or down each time, same for lowest prices each day or week.  Its in a descent I think hence thats the likely larger trend till broken I assume.

Ugh - not so pretty.
 
I was getting really attached to 5-figure prices in bitcoin, after being down for so long.
Now I just have to focus on how much better it is over my $25-$40 cost basis and be grateful for what I have.

We got this far, so we can hold on another 2-5 years to see weather things improve.

I've realized through the years that very few people can be patient through these wild seemingly random gyrations.
and patience for those few that have enough of it will likely be richly rewarded.

If what you say is true about your costs being in the double digits, then it is going to be way easier for someone like you to NOT be phased whatsoever by the ups and downs, even if we have an 80% price correction from here.  In other words, you are part of a pretty small minority, if what you say is really true.  And another consideration, whether you are affected by such thinking or not, is whether you are still actively engaging in the market or are you in a strict HODLer disposition.  So, even if your cost basis is much below the current price, there still can be accumulating, maintenance or liquidation plans that can be employed that will consider strategies around BTC price movements.

needs moar lines

Exactly!!!!!!!  Frequently moar is equal to moar better, and btcbeliever's chart seems to be one of those kinds of situations.

[AlcoHoDL]

Good bye GitHub, welcome MetaNet and the power of BitCoin
https://codeonchain.network/

You can simply use the bsvpush command line tool to upload an entire folder by running: bsvpush push
https://github.com/jolonf/bsvpush

Nobody here or in the world - outside of BSV brainlets such as yourself - gives a shit about your farcical Faketoshi crap. Wake me up when BSV flips BCH in market cap.

There exists a problem: Microsoft is enforcing geofencing on the repository undergirding the world's most prominent FOSS VCS.

There exists a solution under development: An eventual git-workalike whose repository is built upon a decentralized, permissionless blockchain.

And all you can see is: Aussie man bad!

SMH

Ohhh... How I love this thread...

All those posts, that we are all making... Permanently stored in BitcoinTalk's servers...

It will be so satisfying when those posts are quoted in a few years' time!