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

[DaRude]

wtf these new planes have jet engines, and cars have airbags?!?! But but none of this was in the original design!!!

OMG - but still TCP/IP ,  smtp, SWIFT, FIX  have not built in smart contracts - or did I miss u mix apples and crap?

Congrats you managed to fail on all levels, this is truly an accomplishment you should be proud of yourself

TCP/IP - https://en.wikipedia.org/wiki/IPv6
smtp - https://en.wikipedia.org/wiki/Extended_SMTP
SWIFT - https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication#SWIFTNet_Phase_2
FIX - https://en.wikipedia.org/wiki/FAST_protocol

Ha. Haha. Hahahahahhaaa. I should let this one go, but this is just too funny. Call me weak, I don't care.

I am intimately familiar with the contents of the underlying documents which officially define half of those protocols. I'm quite sure that neither rfc791, nor rfc793 nor rfc2460 nor rfc5321 nor any of their subsequent amplifications or revisions say doodly-squat about smart contracts.

But then again, I'm always up for learning something new. Where in each of those standards is the smart contract funcitonality hidden? Hmmmm?

You should be proud of yourself indeed. IOW, You managed to fail on all levels.

Ok let me spell it out. My simple argument was that no one cares about the original design, all things change and improve all the time, and even hv_ link proposed long standing standards have indeed went through few revisions as well. Apologies if it went over your had, didn't mean to make you look for smart contracts in IPv6 specs  

[Sharon121212]

JayJuanGee, as the smartest person in the thread and the one we generally delegate all decisions to, do you believe women should be allowed to vote when they're genetically incapable of practicing utilitarianism - the foundation of modern civilization - and only exist to practice provider targeting, acquisition, and resource extraction?

Utilitarianism you say?  If it's an action that can bring joy to vast number of people, then let's base on the saying that charity beginnings at home, women(some are the opposite though) are the back bone of joy in the family trying had to make necessary changes to bring about joy and overall well being in the family.
This is 2019 and every individual irrespective of the gender, race, religion etc is qualified to Vote and be voted for. However every qualifications or criticism should be based on the individual not a general view of the person sect, race gender, background an so on.

[DaRude]

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol. You know, before the Cripple Rangers took control of the codebase. SegWit, on the other hand...

Funny, eh?
So what's the point you are trying to make?

Hey jbreher how would you spin EDA and bcash and BSv's current difficulty adjustment algos? what version did that come in?

Well, there's really no way to spin that. That's a change indeed.

Of course, SV is the project where the majority of vocal participants are stating a desire to return to the 0.1 protocol. So if this will come to pass, that will be rolled back. Of course there is no guarantee of future developments.

Meantime, that is a legitimate claim to a protocol change.

Wait so Bitcoin = bad because Segwit is "indeed an alteration of the Bitcoin protocol"
but bcash Bsv = good because their shitty changes are "legitimate claim to a protocol change"

That is indeed pretty f'ing funny. If not for your constant desperate shilling of shitcoins, you almost passed as an intelligent person, a shame really.

[mindrust]

Maan $8k feels like a dream I would instabuy 1 piece but I know it is not going to happen. Go bears!

[JayJuanGee]

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... wall of text removed for your viewing pleasure...
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Sell Price    BTC balance    BTCSell Amt  Pfolio$Value soldValue   soldTotal $47,478.00   7.00000000      0.00000000   $332,346.00   $0.00           $0.00 $47,478.00   7.00000000      1.40000000   $332,346.00   $66,469.20   $66,469.20 $56,973.60   5.60000000      1.12000000   $319,052.16   $63,810.43   $130,279.63 $68,368.32   4.48000000      0.89600000   $306,290.07   $61,258.01   $191,537.65 $82,041.98   3.58400000      0.71680000   $294,038.47   $58,807.69   $250,345.34 $98,450.38   2.86720000      0.57344000   $282,276.93   $56,455.39   $306,800.73 $118,140.46   2.29376000      0.45875200   $270,985.85   $54,197.17   $360,997.90 $141,768.55   1.83500800      0.36700160   $260,146.42   $52,029.28   $413,027.18 $170,122.26   1.46800640      0.29360128   $249,740.56   $49,948.11   $462,975.29 $204,146.71   1.17440512      0.23488102   $239,750.94   $47,950.19   $510,925.48 $244,976.05   0.93952410      0.18790482   $230,160.90   $46,032.18   $556,957.66 $293,971.26   0.75161928      0.15032386   $220,954.47   $44,190.89   $601,148.56 $352,765.51   0.60129542      0.12025908   $212,116.29   $42,423.26   $643,571.81 $423,318.62   0.48103634      0.09620727   $203,631.64   $40,726.33   $684,298.14 $507,982.34   0.38482907      0.07696581   $195,486.37   $39,097.27   $723,395.42 $609,578.81   0.30786326      0.06157265   $187,666.92   $37,533.38   $760,928.80

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nah mate, you are doing it wrong... A real HODLER sells 7 BTC at $609,578.81 for a nice stack of $ 4,267,051.6 (fresh printed bills) and starts livin´ la vida loca.

Just kidding.. thats a very smart cash out program, and i should do that the next bullrun.
I´m living on ramen and noodles for being a HODLER since 2017...

The above would be similar to what I have in mind as a BTC speculator.  Note term "speculator", that is what JJG and _javi_ are advocating.  And there's nothing wrong with that, I too am speculating with BTC.  

Of course, we are engaging in speculating, but we are also engaging in investing.  There are a lot of ways that practices can vary depending on length of time or amount of deliberation regarding percentage allocated in bitcoin as compared with other investments, and also whether a person is merely guessing or if they might have their expenses projected out into the future, including covering expenses and thereafter considering how much discretionary value is left to speculate or invest..

Again, the above is similar to my own plans.

That is a scenario that was based on some ideas that mindrust gave regarding his cashing out intentions, and I presented him with some alternative ideas regarding another scenario that is different from his, but might better help him to maintain his goals while cashing out part of his BTC stash along the way, that is if BTC adequately cooperates.

But, do note that all three of us are planning to SELL BTC.  

That is not my plan, exactly because I am selling less BTC on the way up, but I am also selling sooner, including currently... but in my current, tentative plan, I would also have a higher percentage of my original BTC in the event BTC were to go to $600k or higher.

Of course, I might change my plan to become more aggressive in the selling arena, as mindrust seems to want to be, but currently, I am not in such mood to be aggressively selling BTC.

And, presumably, BUY something else.  And what to buy...?  I know what I want.......

Well, yeah, the proceeds from the sales could be for consuming or investing in something else or it also could be just to hold in the event BTC prices fall back down and to use the proceeds to rebuy.  Each person has to decide where s/he falls in that regard.

But, of course, owning BTC also has a tremendous advantage that we all know about but rarely discuss: mobility.  So, however high BTC rises, I will keep some around for the freedom of movement it would support.

[Edited for clarity]

I agree.  Mobility of asset, increasingly more liquidation options and self-sovereignty over assets should be major considerations for everyone to want to keep some BTC, even if the price might be dropping.

[JayJuanGee]

Hey jbreher how would you spin EDA and bcash and BSv's current difficulty adjustment algos? what version did that come in?

people are may be ignored talking about Bcash.

SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper
https://bitcointalk.org/index.php?topic=5149062.0

hahahahahaha

Negotiation continues to be butt hurt.

Protip:  It is NOT so much a problem to talk about bcash if you are comparing and contrasting bcash (or even some other shitcoin) with bitcoin or bashing on it rather than pumpening it.

[realr0ach]

because the world-famous BTC analyst maxreish says so.  

I find Elliott wave offensive to the senses due to the fact:

1)  Their charts above all other charting methods claim the markets are deterministic in nature when they aren't.  They imply a butterfly effect with correlations between vast distances of time and action even though a large amount of real world market moves are just people doing things like rigging to sweep longs and shorts or run counter trades against whatever the dominant leverage position is.

2)  Anytime they get something wrong they just claim their subjective counts were off and then supply you with a new deterministic chart with completely different results from the first one that will also fail - repeat to infinity.

[DaRude]

JayJuanGee, as the smartest person in the thread and the one we generally delegate all decisions to, do you believe women should be allowed to vote when they're genetically incapable of practicing utilitarianism - the foundation of modern civilization - and only exist to practice provider targeting, acquisition, and resource extraction?

Utilitarianism you say?  If it's an action that can bring joy to vast number of people, then let's base on the saying that charity beginnings at home, women(some are the opposite though) are the back bone of joy in the family trying had to make necessary changes to bring about joy and overall well being in the family.
This is 2019 and every individual irrespective of the gender, race, religion etc is qualified to Vote and be voted for. However every qualifications or criticism should be based on the individual not a general view of the person sect, race gender, background an so on.

We don't feed roach in here. He's never been the same since that accident with his boyfriend

[realr0ach]

JayJuanGee, as the smartest person in the thread and the one we generally delegate all decisions to, do you believe women should be allowed to vote when they're genetically incapable of practicing utilitarianism - the foundation of modern civilization - and only exist to practice provider targeting, acquisition, and resource extraction?

Utilitarianism you say?  If it's an action that can bring joy to vast number of people, then let's base on the saying that charity beginnings at home, women(some are the opposite though) are the back bone of joy in the family trying had to make necessary changes to bring about joy and overall well being in the family.
This is 2019 and every individual irrespective of the gender, race, religion etc is qualified to Vote and be voted for. However every qualifications or criticism should be based on the individual not a general view of the person sect, race gender, background an so on.

I see.  I guess we should allow cats to drive cars too.

[JSRAW]

~Snip~

+1
Holy Moly Stash management 101

[JayJuanGee]

But, do note that all three of us are planning to SELL BTC.  And, presumably, BUY something else.  And what to buy...?  I know what I want.......

But, of course, owning BTC also has a tremendous advantage that we all know about but rarely discuss: mobility.  So, however high BTC rises, I will keep some around for the freedom of movement it would support.

Buying more btc is always a good option. The prices JJG speculating on are all potential new ATH prices.

Let's say this blew up in the first round and after selling 1.xx btc from $50k and it never went higher and made a huge correction to $25k. (Statistically, btc never went below the last ATH after going down from the new ATH btw. If this happens it is a very bad sign.) seeing a %50 correction, I would just buy back some btc.

Now Reading again what I just wrote above, a %70+(Basically this is what happens after every new ATH. Get rich quick people are the majority and they instaleave the scene.)  correction from $50k would bring sub $20k prices indeed So If you decide to sell from $50k you are basically betting on that bitcoin will never ever recover or it'll take 5+ years at least for a recovery. I don't say this is impossible but this is the bet you are taking. (Or me, or whoever is selling at $50k and dreaming to buyback later)

Tldr; wait for $80k+

Waiting for $80k is fine too, but part of the reason that you had decided (ahead of time) to cash out at various price points between $50k and $80k is because you don't know, and each of those cashing out price points give you comfort and security (and insurance) for if the bottom falls out before $80k.  And, I recognize that your first cashing out price points are going to provide you with a kind of learning point... learning about yourself and if you can accept that the BTC price might never drop down low enough to meet your buy back point(s) and allow you to buy back.. so you learn to allow the price to come to you, but yes, you are nervous, because it is the first time that you strategically and pre-meditatively sold BTC within your newly established system that might cause you to leave that fiat behind and just spend it rather than waiting to reinvest in BTC with it..

~Snip~

+1
Holy Moly Stash management 101

Tweak it a little bit JSRAW?  Something like that might work for you?  Perhaps?

[JayJuanGee]

Remember Jstolfi?  

What the hell does Stolfi have to do with this? Absolutely nothing.

I already said what Stolfi had to do with this.  Some members have proclaimed that you are polite, and some members have proclaimed that Stolfi was polite.

I would like rational people to take note here of JJG's argument. To wit: Both myself and JStolfi are polite, therefore we are arguing the same things, and can be dismissed upon the same grounds.

Bravo, JJG. Better than Goebbels. Yer mum must be proud.

Haha. I just _know_ somebody's gonna misquote this. Fuck it.

O.k. If that is how you want to interpret matters, then suit your lil selfie.  You are going to do what you want anyhow, so it should be no water off of this duck's back.

[Krubster]

My TA says, possibly the same scene from the previous one. If it doesn't break $11,000 resistance, then expect bears are coming soon and will go down to that blue line below. Well, there are still changes that may gonna happen. and if it will break $11k, let's go for $14k.
But for now, that's my TA.

Taking a photo of the screen to post your TA, no matter if bearish or bullish, that's worth a merit in my book.

[LFC_Bitcoin]

Regarding the price following the halving -




@newsbtc

Bitcoin price rose over 13,000% following the first halving and 12,000% after the second.

If $BTC was to rally by similar percentages from its current ~$10,000 price point, the eventual top may be between $385,000 and $425,000.

https://twitter.com/newsbtc/status/1171300417998712832?s=20

I need to start looking at yachts

[serveria.com]

My TA says, possibly the same scene from the previous one. If it doesn't break $11,000 resistance, then expect bears are coming soon and will go down to that blue line below. Well, there are still changes that may gonna happen. and if it will break $11k, let's go for $14k.
But for now, that's my TA.

Taking a photo of the screen to post your TA, no matter if bearish or bullish, that's worth a merit in my book.

Next time he should use an IBM XT and print out on a dot matrix printer  need to check if nickname
 VintageTA is available

[fillippone]

Regarding the price following the halving -




@newsbtc

Bitcoin price rose over 13,000% following the first halving and 12,000% after the second.

If $BTC was to rally by similar percentages from its current ~$10,000 price point, the eventual top may be between $385,000 and $425,000.

https://twitter.com/newsbtc/status/1171300417998712832?s=20

I need to start looking at yachts

You said Yachts, not yacht.
Noted.
Well done bro!

I can be rich the fuck I want, I will never buy a yacht.
This is the three top reasons:

• These animals are thirsty. I do spare you the amount of cash you have to spend to fill the tank. I can be richest person in the world, I'm not going to literally burn my money.
• These animals are a money sucking machines. Just letting them sit at the pier  they drain your finances.
• There will always be a longer,sleeker, faster yachts than yours.

If you want to buy a yacht for the girls, well, I see your point, but there are better ways to do that.

[vroom]

I need to start looking at yachts

If you want to buy a yacht for the girls, wllles, i see your point, but there are better ways to do that.

[HairyMaclairy]

Regarding the price following the halving -




@newsbtc

Bitcoin price rose over 13,000% following the first halving and 12,000% after the second.

If $BTC was to rally by similar percentages from its current ~$10,000 price point, the eventual top may be between $385,000 and $425,000.

https://twitter.com/newsbtc/status/1171300417998712832?s=20

I need to start looking at yachts

You said Yachts, not yacht.
Noted.
Well done bro!

I can be rich the fuck I want, I will never buy a yacht.
This is the three top reasons:

• These animals are thirsty. I do sapre you the amount of cash you have to spend to fill the tank. I can be richest person in the world, I'm not going to literally burn my money.
• These animals are a moeny sucking machines. Just letting them sit at the pier  they drain your finances.
• There will always be a longer,sleeker, faster yachts than yours.

If you want to buy a yacht for the girls, wllles, i see your point, but there are better ways to do that.

I once worked out that it cost Greg Norman US$550,000 to fill up his boat

[Lambie Slayer]

Three days after launch, the VanEck bitcoin trust for institutional investors has reportedly managed to issue a whopping 1 (one) basket. It has 4 bitcoins or $41,400 in assets under management. Massive.

https://twitter.com/krugermacro/status/1171219241539973125

I realize this tweet is sarcastically mocking the institutional money meme, but to me it just shows how early we really are. 

[fillippone]

Regarding the price following the halving -

<SNIP>

I once worked out that it cost Greg Norman US$550,000 to fill up his boat

You are Greg Norman, you just spent  US$550,000 to fill up the tank of your 69.5meters long yacht.
 Theny next to you arrives a boat called "Leander G".
It is longer than yours. Bigger.
Nobody cares about your boats.
You buy a bigger boat, lon 75.5 meters this time to beat that one.
The "Bella Vita" Yacht arrives.
It is longer than yours. Bigger.
Nobody cares about your boats.

Rinse and repeat another 100 time....

https://en.wikipedia.org/wiki/List_of_motor_yachts_by_length