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

[mindrust]

I'd like to see any of these shitcoin lovers that come and grace this thread, answer this one question:

If Bitcoin functions securely, has the most and widest user/broker/exchange/merchant/miner support, and does everything it needs to do for both e-commerce transactions and SoV, why look elsewhere for anything else?

If you can't answer honestly without throwing in " 'cause speculation reasons", then you are full of shit. Because outside of that, trying to get rich on a flyer or something, you'd have no valid reason.

Horrible privacy, Horrible scaling at the first layer, unreliable for microtransactions...etc, and now toxic community that has cult-like features.

Beam is everything that Bitcoin is not that is why I say it is not a zero-sum game.

Also, ain't no one telling me about how is the code is great, I worked for a company that basically made shitcoins for other companies (private blockchains), it is so much insulting to hear about how much talent Bitcoin devs have, other industries have thousands of better-talented people that you can't even start comparing.. I cringe so hard every time I hear this especially because most of the time it comes from noobs who have no idea.

You found the next bitcoin killer fine.

We get it.

Now go away and watch how your shitcoin collapses like others but do it elsewhere.

Just when I thought Bcash morons were impulsing now we have to deal with Beam shills.

Centalized taxcoin scam, that's what beam is. It isn't like Bitcoin that's the only part you got right. It is complete shit.

[JayJuanGee]

I'd like to see any of these shitcoin lovers that come and grace this thread, answer this one question:

If Bitcoin functions securely, has the most and widest user/broker/exchange/merchant/miner support, and does everything it needs to do for both e-commerce transactions and SoV, why look elsewhere for anything else?

If you can't answer honestly without throwing in " 'cause speculation reasons", then you are full of shit. Because outside of that, trying to get rich on a flyer or something, you'd have no valid reason.

BTC isn't ideal for small/fast transactions and has proven to be conservative as far as making changes to address such problems.  Waiting around a random amount of time from a few minutes to much longer for a single confirmation is awkward and confusing in a world where most things are nearly instantaneous.  I feel like that at least leaves the door open a bit.

Fast transactions do not have to happen on 1st layer, and there seems to be a lot of building of second layer solutions in bitcoin, so if it is not broken, it is still in development.  Perhaps bitcoin could also absorb some other coin that might be better at transacting quickly as a second layer solution... although it does not really seem necessary to have any other second token for that... but whatever, who the fuck knows... things develop as they develop and there is a kind of snowballing effect anyhow that comes out a bit differently than expected and with variants of unexpectedness.

[mindrust]

I'd like to see any of these shitcoin lovers that come and grace this thread, answer this one question:

If Bitcoin functions securely, has the most and widest user/broker/exchange/merchant/miner support, and does everything it needs to do for both e-commerce transactions and SoV, why look elsewhere for anything else?

If you can't answer honestly without throwing in " 'cause speculation reasons", then you are full of shit. Because outside of that, trying to get rich on a flyer or something, you'd have no valid reason.

BTC isn't ideal for small/fast transactions and has proven to be conservative as far as making changes to address such problems.  Waiting around a random amount of time from a few minutes to much longer for a single confirmation is awkward and confusing in a world where most things are nearly instantaneous.  I feel like that at least leaves the door open a bit.

Fast transactions do not have to happen on 1st layer, and there seems to be a lot of building of second layer solutions in bitcoin, so if it is not broken, it is still in development.  Perhaps bitcoin could also absorb some other coin that might be better at transacting quickly as a second layer solution... although it does not really seem necessary to have any other second token for that... but whatever, who the fuck knows... things develop as they develop and there is a kind of snowballing effect anyhow that comes out a bit differently than expected and with variants of unexpectedness.

You should think bitcoin as a Swiss bank account in your pocket. Best security, best liquidity, most known, best store of value. But you can't buy that goddamn coffee with it. ¯\_(ツ)_/¯

LN is not perfect but at least somebody is working on it. Will it solve the problem completely? Who knows...

Till then use doge, ltc, xmr or whatever you like.

I believe for what it can do right now, Bitcoin is unrivaled: Security, Liquidity, SoV. If you just tune it to make it coffee-ready, the system collapses. I am fine with that. I can still use my CC or Doge for $1-10 purchases. Bitcoin is for > $100 payments and keeping your wealth secure away from banks.

If it was possible don't you think ETH, bitcoin's closest rival, would have solved it first? There isn't a magical solution to that problem.

ETH collapsed under heavy load too, no blockchain can carry the world demand. You can't expect the impossible from blockchains. If the blocks are full go use something else. I don't see anything wrong with that because there isn't a known safe solution, if there was one, BTC devs would have implemented it already.

[serveria.com]

I have called every bottom and top since 2012

I sold most around $9K bought back with some of my stash around $4500

Muahaha just for your info, $9k was not the top and $4.5k was not the bottom  

I will probably check in after another 3 years

Please check in... never

[Biodom]

I hope that the world does not deteriorate further in that direction... though I do agree with you regarding the likely transfer or wealth from nocoiners to coiners, so in that regard, it is not too late to join the world of coiners if you happen to not be one, yet.  Surely there is some benefits to getting into BTC earlier.   Is there a saying about when is the best time to get into bitcoin?  yesterday.  When is the second best time to get into bitcoin?  today.  

I think that there are at least a few more 10x price runs (maybe even up to 5) before the wealth transfer from no coiners to coiners has largely and mostly taken place.

Many of us who are mostly not easily shaken from our coins will be decently rich, maybe even approaching "filthy" level with one or two more 10x price surges.  One 10x surge puts prices at $100k and 2 10x surges puts prices at $1million.  Most others participating in this thread with lower BTC holdings should be able to achieve such status by the time three 10x price surges occur.. that would be $10million a coin, so in those circumstances, even .5 BTC would be decent, but a whole coin would be even better... and you guys holding 5 or more coins will be sitting pretty... problem is that $10million per coin seems a bit of a stretch of the imagination, even if it is after 2028 or so?  there are quite a few participants in this thread that have at least until 2028 to stack their sats, no?

To me current probabilities look like this:

Within 3 years (2022), I estimate the probability of $100K at 50%

If 100K is achieved on schedule, $1mil probability in 2026 might be 20-30%

It is also possible that $300-400K (roughly a marketcap of gold) would be a longer term maximum for a decade or a bit longer.

TL;DR 10X surges will not continue for multiple cycles, maybe only 1-2 such cycles left.

[serveria.com]

I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.

No one will use company/foundation/corporation/country/whatever owned coins. Specially with alternatives they have.

Data show otherwise, Beam average number of transactions daily is much more than Monero and definitely more than Zcash and Grin combined and it is growing daily, again I am not trying to convince you anything, just get your facts straight.

Someone asked me how come an OG like me is into altcoins, the truth is that I joined this space for 2 things: interesting tech and making profits, and after 7 years I am still looking at all kinds of tech and trying to make a living off it at the same time, so all I can say to you guys is don't be stuck in that echo chamber of maximalism, be a minimalist on maximalism because it is becoming a cult.

Ask yourself what is the goal behind your involvement in this space, then be agnostic about it.

Sad to see another legendary account sold/stolen and turned into a shitcoin shill.

[VB1001]

After each #bitcoin all time high (ATH) we saw a downward difficulty adjustment. In the chart the lowest monthly difficulty level (blue) is reset to 100% .. and seems to be an objective start of the next bull run (green/yellow), with 100x opportunity. Just started a new run ...

https://twitter.com/100trillionUSD/status/1157881188914085888

[mmitech]

I have called every bottom and top since 2012

I sold most around $9K bought back with some of my stash around $4500

Muahaha just for your info, $9k was not the top and $4.5k was not the bottom  

I will probably check in after another 3 years

Please check in... never

I didn't phrase that accurately it was not the exact top and bottom, it is not like everyone catches the exact bottom and top, Buying back around $200 gave me 45X gains and I also bought Ethereum at around $0.85, I made a killing there as well.

[mmitech]

I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.

No one will use company/foundation/corporation/country/whatever owned coins. Specially with alternatives they have.

Data show otherwise, Beam average number of transactions daily is much more than Monero and definitely more than Zcash and Grin combined and it is growing daily, again I am not trying to convince you anything, just get your facts straight.

Someone asked me how come an OG like me is into altcoins, the truth is that I joined this space for 2 things: interesting tech and making profits, and after 7 years I am still looking at all kinds of tech and trying to make a living off it at the same time, so all I can say to you guys is don't be stuck in that echo chamber of maximalism, be a minimalist on maximalism because it is becoming a cult.

Ask yourself what is the goal behind your involvement in this space, then be agnostic about it.

Sad to see another legendary account sold/stolen and turned into a shitcoin shill.

Nah I am legit:

https://github.com/mmitech
https://twitter.com/mmitech

[VB1001]

Nick Szabo
‏

Layer 1 is a settlement layer, its trust minimization akin to gold but able to be settled online.  Layer 2 is retail cash (among other applications). This falls out of the computer science and trust minimization being the essential top priority for a seamlessly global currency.

https://twitter.com/NickSzabo4/status/1157490560971624448

Layer 1 is the BTC asset.
Layer 2 for the rest.

I end up with one of Satoshi's best phrases:

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Satoshi..., Brilliant !!! > https://bitcointalk.org/index.php?topic=5170940.0

(Last thread created)

[makrospex]

I’ve started to go for a long walk every night now to try & get fitter. When you hit your 30’s your metabolism goes out of the window & it’s tough to stay in shape. Think I’m gonna join a gym soon.

Man, you think 30s are tough on metabolism, wait until you hit 40. I simply eat too much these days, whereas 5 years ago it would have been just enough, and my job keeps me inside. Still not really a good excuse to avoid exercise. I should find a gym nearby and try to hit the weights again. Beginning to grow old man tits, like Craig Wright.

I am on my 37th. Last two (three) years I am not into much physical work (almost no physical work). Most of the time, I am in my desk, with family, day out once or twice in a week, visiting relatives are my regular life. I have to admit that I eat too much and get hungry very quick. I am too lazy that I do not do any sorts of physical exercise. Last few days I am having this thought that I really (seriously) need to look after my physic. I mean I look healthy and strong but I feel I do not have much stamina, get tired very quick. Body full of fat especially the bally area. It's getting bigger. I used to drink and smoke a lot but not into serious drinking from years and gave up smoking (almost zero in a week but sometimes one or two in a month) from last two years.

Every day I keep saying my wife that I will start exercise from tomorrow but this tomorrow never comes. I have to admit it's hard to find motivation to have a lean healthy body.

Start walking for about 45 minutes 2 or 3 days a week, you will not become an athlete, but will keep you fit.

Disagree. Energy and performance.... It's almost all in nutrition. Get used to eat low carb.
20% carbs, no sugars, no sweeteners, no softdrinks, avoid wheat meal.
30-50% fat, it delivers slow, sustained energy
50-30% proteins. Preferably milk, cheese, eggs, meat.

The more fibers (more vegetables, less fruit), the less obstipation. Once you start to lose weight and gain energy, start exercising and probably add muscle supplements in small doses. Watch your joints, do less running, more exercise without weights, only body weight (planking, push-ups 15-30mins over a day). This is just for compensating posture problems when you sit around most of the day. Walking and moving around (playing with the kids) should be enough to keep you fit. The body works best when delivered the right "fuel".

Just my three cents.

EDIT: I'm keeping myself to this "diet" 95% of the time. I eat 2-3 times a day and i don't feel hungry for 6+ hours after eating. I remember times at McDonalds and the likes, where i was hungry 2-3 hours after feeling fully saturated.

[JayJuanGee]

I hope that the world does not deteriorate further in that direction... though I do agree with you regarding the likely transfer or wealth from nocoiners to coiners, so in that regard, it is not too late to join the world of coiners if you happen to not be one, yet.  Surely there is some benefits to getting into BTC earlier.   Is there a saying about when is the best time to get into bitcoin?  yesterday.  When is the second best time to get into bitcoin?  today.  

I think that there are at least a few more 10x price runs (maybe even up to 5) before the wealth transfer from no coiners to coiners has largely and mostly taken place.

Many of us who are mostly not easily shaken from our coins will be decently rich, maybe even approaching "filthy" level with one or two more 10x price surges.  One 10x surge puts prices at $100k and 2 10x surges puts prices at $1million.  Most others participating in this thread with lower BTC holdings should be able to achieve such status by the time three 10x price surges occur.. that would be $10million a coin, so in those circumstances, even .5 BTC would be decent, but a whole coin would be even better... and you guys holding 5 or more coins will be sitting pretty... problem is that $10million per coin seems a bit of a stretch of the imagination, even if it is after 2028 or so?  there are quite a few participants in this thread that have at least until 2028 to stack their sats, no?

To me current probabilities look like this:

Within 3 years (2022), I estimate the probability of $100K at 50%

If 100K is achieved on schedule, $1mil probability in 2026 might be 20-30%

It is also possible that $300-400K (roughly a marketcap of gold) would be a longer term maximum for a decade or a bit longer.

TL;DR 10X surges will not continue for multiple cycles, maybe only 1-2 such cycles left.

Your numbers seem to be pretty reasonable, so instead of settling for "filthy" rich, it is better for many of us to just to count on "normal everyday regular" rich.  

And, maybe peeps who want to achieve at least a minimum of $2million, would need to have at least a minimum of 6 coins - that is if there is any kind of sustainability in the $350k price range.

Personally I would not expect sustainability of any kind of meaningful price in BTC for the next 20 years or so, but there might be some frequently passed through areas that are sticking points from time to time... and market cap for gold seems to be a kind of reasonable one - even though bitcoin, in and of itself is probably decently 10x more valuable than gold, as a whole and as a system, but yeah, we are not going to see true value for a while, and also peeps of the world are not going to appreciate the value of bitcoin for a while, whether retail or institutions and surely retail is likely to lag behind institutions, I would think... but hey what do I know?

[JayJuanGee]

I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.

No one will use company/foundation/corporation/country/whatever owned coins. Specially with alternatives they have.

Data show otherwise, Beam average number of transactions daily is much more than Monero and definitely more than Zcash and Grin combined and it is growing daily, again I am not trying to convince you anything, just get your facts straight.

Someone asked me how come an OG like me is into altcoins, the truth is that I joined this space for 2 things: interesting tech and making profits, and after 7 years I am still looking at all kinds of tech and trying to make a living off it at the same time, so all I can say to you guys is don't be stuck in that echo chamber of maximalism, be a minimalist on maximalism because it is becoming a cult.

Ask yourself what is the goal behind your involvement in this space, then be agnostic about it.

Sad to see another legendary account sold/stolen and turned into a shitcoin shill.

Regarding the sold or stolen, no way... he is the same dweeb as before.. in other words, he was always like that...  at least from 2014, when I became familiar with him.  I did not look back at his pre-2014 posting history.

There is no such thing that all legendary accounts automatically are "with the program" like many of the WO active participants - and not saying that only legendary accounts are enlightened because sometimes you could be a newbie account and be enlightened about bitcoin.  I have been hearing some good podcasters, recently, and fuck some of those guys seem to be quite with the program and they have only been into bitcoin for short periods of time.

[HairyMaclairy]

same mistake as Monero.

Wrong a tiny tail emission that supports mining is not infinite coins.

Tail emission forever *is* infinite coins. Monero’s tail emission rate is 3.6%.  

 Bitcoin’s current inflation rate is 3.87%. In May 2020 Bitcoin’s inflation rate will be less than Monero’s tail emission rate and will keep falling.  Monero will never match Bitcoin as a store of value.  

The transaction fees on Monero are sufficiently horrifying that there is plenty there to support mining.

Tail emission is a fatal flaw.

[Torque]

I'd like to see any of these shitcoin lovers that come and grace this thread, answer this one question:

If Bitcoin functions securely, has the most and widest user/broker/exchange/merchant/miner support, and does everything it needs to do for both e-commerce transactions and SoV, why look elsewhere for anything else?

If you can't answer honestly without throwing in " 'cause speculation reasons", then you are full of shit. Because outside of that, trying to get rich on a flyer or something, you'd have no valid reason.

Horrible privacy, Horrible scaling at the first layer, unreliable for microtransactions...etc, and now toxic community that has cult-like features.

Beam is everything that Bitcoin is not that is why I say it is not a zero-sum game.

Also, ain't no one telling me about how is the code is great, I worked for a company that basically made shitcoins for other companies (private blockchains), it is so much insulting to hear about how much talent Bitcoin devs have, other industries have thousands of better-talented people that you can't even start comparing.. I cringe so hard every time I hear this especially because most of the time it comes from noobs who have no idea.

I love how you shitcoiners are always jumping ship. I thought it was Grin or some shit that was "bestest". So Beam is the shitcoin du jour this month? What'll it be next week, or month? Another new shitcoin? I guess there's always a new "bestest shitcoin" right around the corner.  Make sure you catch the pump tho, and then dump it. No reason to support it for years, or even decades.

[VB1001]

Disagree. Energy and performance.... It's almost all in nutrition. Get used to eat low carb.
20% carbs, no sugars, no sweeteners, no softdrinks, avoid wheat meal.
30-50% fat, it delivers slow, sustained energy
50-30% proteins. Preferably milk, cheese, eggs, meat.

The more fibers (more vegetables, less fruit), the less obstipation. Once you start to lose weight and gain energy, start exercising and probably add muscle supplements in small doses. Watch your joints, do less running, more exercise without weights, only body weight (planking, push-ups 15-30mins over a day). This is just for compensating posture problems when you sit around most of the day. Walking and moving around (playing with the kids) should be enough to keep you fit. The body works best when delivered the right "fuel".

Just my three cents.

EDIT: I'm keeping myself to this "diet" 95% of the time. I eat 2-3 times a day and i don't feel hungry for 6+ hours after eating. I remember times at McDonalds and the likes, where i was hungry 2-3 hours after feeling fully saturated.

Thanks for your advice, I have no overweight problems (high 1.82m / 75kg.)
As of everything but little amount, the gym bores me, the only sport I practice is skiing, the rest of the year I will walk 2 or 3 times a week and it keeps me well.

[realr0ach]

yet another far right wing multiple murder?

Give it up (((shitbag))).  Nobody believes these govt staged attacks.  Jew puppet director of the FBI, Christopher Wray, comes out of the blue claiming "white people" are the #1 threat to America and then two days later they do these false flags and load up the entire news 24/7 with pre-scripted actors like Beto O'rourke and Pete Douchebagajig trying to ban guns and demonize white people.  

This new false flag shooting is even more obvious than the Florida one where crisis actor David Hogg first claimed he was inside the school when it happened, and then later he claimed he was AT HIS HOUSE and "rode his bicycle" to the school to see it and wasn't there when it happened at all LOL.  He can't even keep his false flag story straight.

[Febo]

I argued the mere fact that Beam is not a shitcoin after someone mentioned that it was. Happy speculation, I will probably check in after another 3 years.

No one will use company/foundation/corporation/country/whatever owned coins. Specially with alternatives they have.

Data show otherwise

Unknown amount of Monero gets transacted daily.

You should definitely listen to Libra hearings. You will realize in a second why people will rather choose permissionless coins.

[realr0ach]

"How do we stop humans from hurting each other?" is the naive question, plus the solution is simple - restrict everyone's freedom to the point it becomes physically impossible.
A more nuanced question would be "how do we prevent humans from wanting to hurt each other?"

https://twitter.com/lopp/status/1158037245204619264?s=20

That was the absolute dumbest thread I've ever seen with a bunch of people who make believe they're intelligent trying to sound profound and failing miserably.  His original question "How do we stop humans from hurting each other?", is the same thing as asking "How do we get rid of natural selection?"  You don't, you fucking idiot.

In evolution, if an organism evolves to harness sunlight, plants, or anything else for energy, another organism will evolve to harness the organism itself for energy instead - a predator.  Evolution is designed to create things that hurt each other.  It is not limited to humans, it's every living creature.  Having said that, the shooting he's talking about is another (((govt))) false flag to try and ban guns, so the thread is based on a false premise.  And if there is any predator preying on other humans that humans should band together against, it's the Jews running the media and banks.

[serveria.com]

I suspect the domestic terror threats of the next decade will be incel shitcoiners (every coin but Bitcoin) killing innocent nocoiners for not adopting their shitcoin.

Bitcoiners wont be affected bc of the ability to afford the best security sound money can buy.

via Imgflip Meme Generator

Hey Lambie! When $4900?