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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 10 (8.3%)
$20,000-$49,999 - 24 (20%)
$50,000-$99,999 - 30 (25%)
$100,000-$149,999 - 23 (19.2%)
$150,000-$199,999 - 9 (7.5%)
$200,000-$249,999 - 7 (5.8%)
$250,000-$299,999 - 2 (1.7%)
$300,000-$350,000 - 1 (0.8%)
>$350,000 - 14 (11.7%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21505789 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
suchmoon
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September 17, 2019, 08:59:44 PM

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC
[...]
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).
I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

Uhm... "that country" is in the EU. Uses euro AFAIK. Schengen borders. Be careful out there.
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September 17, 2019, 09:02:22 PM


Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC
[...]
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).
I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

Mexico!!! Grin
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September 17, 2019, 09:15:27 PM

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).

I'm surprised there are actually countries, places where you like to go to.....
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.
What is that island called  Tongue
Good fucking question. I'm pretty much limited to a handful of non-shit asian countries, eastern europe and south america. Hence my little tour of the world. Seeking a place worth living in.
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September 17, 2019, 09:15:37 PM




It's not very easy to fix a broken parabola.

This will be painful to watch. Looks like %55 may be next. I'll try to increase my ALT* exposure to %2 and will cash out to BTC if it ever reaches %10. Sounds like a decent plan.

*By "ALT"s I mean LTC, XMR, Grin, Doge (maybe), Raven. Not absolute shits like ETH, Ripple, Bcash etc.

Yeah.. .let's get in the game of comparing the relative shit-worthiness of shitcoins.  That sounds like a great topic for this thread.   Roll Eyes Roll Eyes Roll Eyes

In my thinking the mere fact that you are trying to make more bitcoin from shitcoins does not cause the topic of shitcoins to become relevant to this thread.
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September 17, 2019, 09:18:41 PM

Roger is on, go get your popcorns.  Grin

lol Roger... what an enigma. I'd love to know where he went so wrong. I actually think he has had some sort of mental break

He definitely cares about that red stuff. He went nuts when Carvalho said "bcash" too. He definitely cares about these. Go and break him.  Grin

That would be the scene to watch.

Well that was fun. Think he's logged off, physically and mentally. He'll be back in another 3-6 months to show how little he's changed.

You are likely correct, nutildah.  Roger does not come around in order to actual interact.  He wants to pump out his various dumbass talking points and then disappear back to the slums from which he had come.
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September 17, 2019, 09:25:06 PM
Merited by Majormax (1)

Whats this crap about alts on the green and btc being tiny red?

Anon prediction about BTC dominance at 40-46%? He never said when.. but but...


My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated. Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

P.S. this guy is going to become an absolute god if we hit $16,000 next month.....

-He called the bottom (A lot of people thought we were going much lower when he posted it)
-He called the exact length of the accumulation phase (Said it would end in March and start in April)
-He called the April boom we saw in the first week
-He called the correct price in April
-He called the correct price in July (Bitcoin almost made it out of July without touching $9200, turns out $9100 was the bottom; we haven't gone lower since)

So October will be interesting, this is a legendary posts regardless, the amount of things he has gotten correct already is remarkable.

Likely a lot of luck in there.

None of us should get sucked into the trap of deifying posters into sorcerers. 

Remember how revered Vinnie Lingham was in 2015/16 and how he squandered such reputation in early 2017? - but probably only after a decent number of folks got R3ckt  by selling because they actually relied on his bullshit early 2017 propositions that bitcoin was going below $500.
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September 17, 2019, 09:35:29 PM

Oh look, even after a decade, millions billions of people are still convinced that Bitcoin is a fly-by-night scam.... even though a single bitcoin is now worth more a good used car.

When 1 BTC = middle class house?  Soontm.  Grin


FTFY

The next 5 years will be taken up with people discussing different aspects of lightning network.
 Roll Eyes  Lips sealed

Then they should open a WO LN thread, here we talk about Bitcoin.tm Cheesy


FTFY

What the fuck?

I gotta spend time fixing peeps all day long?
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September 17, 2019, 09:43:06 PM

Oh look, even after a decade, millions of people are still convinced that Bitcoin is a fly-by-night scam.... even though a single bitcoin is now worth more a good used car.

When 1 BTC = middle class house?  SoontmGrin

Soonishtm

Talk timeline boys..... Mic can't follow with soon and soonish.... Tongue

Can't you assign your "team"tm to crowd sourcing (even within the team) the clarification of the confusion situation?    Cheesy Cheesy Cheesy
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September 17, 2019, 09:47:58 PM
Merited by Torque (1)

OT
Released today   Grin
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September 17, 2019, 09:50:40 PM

Communism/ socialism has definitely gained popularity among the younger crowd.  Doesn't take a math genius to look at where all the new productivity gains are going to, heres a hint: its not going to hourly workers on the bottom the totem pole.  Wealth disparity is similar to what it was in the gilded age.

Wealth disparity is not the worst thing...historical forces that typically remove the disparity are much more disagreeable.
I am reading a book that systematically looked at what reduces inequality..and turns out only major wars and deadly pandemics (plaque in medieval Europe) were able to temporarily reduce inequality.

All societies "naturally'" trend toward increasing inequality in relatively peaceful conditions (over centuries).


It's called pareto distribution.

https://www.youtube.com/watch?v=TcEWRykSgwE

https://www.youtube.com/watch?v=U4GMUamUjT8

Thanks, but we were mostly talking about dynamic changes in inequality.
You cannot explain change by referencing Pareto.
That principle does not explain why in some epoch Gini is 0.35 while in other 0.85
The book at least shows correlation with historical events and even then it is not a proof of the causation, however, it is at least a starting point.

Sidenote...who put a cap on bitcoin? Bizarro.
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September 17, 2019, 10:40:03 PM
Merited by El duderino_ (2)

Attn: Gentlemen of the order of the 21st (you know who you are)

PMs issued - check orders.

Message ends.
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September 17, 2019, 10:49:24 PM

Whats this crap about alts on the green and btc being tiny red?

Anon prediction about BTC dominance at 40-46%? He never said when.. but but...


My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated. Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

P.S. this guy is going to become an absolute god if we hit $16,000 next month.....

-He called the bottom (A lot of people thought we were going much lower when he posted it)
-He called the exact length of the accumulation phase (Said it would end in March and start in April)
-He called the April boom we saw in the first week
-He called the correct price in April
-He called the correct price in July (Bitcoin almost made it out of July without touching $9200, turns out $9100 was the bottom; we haven't gone lower since)

So October will be interesting, this is a legendary posts regardless, the amount of things he has gotten correct already is remarkable.

Likely a lot of luck in there.

None of us should get sucked into the trap of deifying posters into sorcerers. 

Remember how revered Vinnie Lingham was in 2015/16 and how he squandered such reputation in early 2017? - but probably only after a decent number of folks got R3ckt  by selling because they actually relied on his bullshit early 2017 propositions that bitcoin was going below $500.

You are right, Juan.
That Anon meme is only one of the million predictions over there.. We only cherry pick the one thats semi accurate, and make fun with it.
But truth must be told.. he was right!! lol  Grin Grin
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September 17, 2019, 10:58:09 PM

Big Picture

#Bitcoin dominance is falling
Bitcoin going sideways
ALTs staging local breakouts

Most ALT/$BTC pairs will face 50/100/200 Daily MA Resistance & will keep getting rejected until a major trend reversal

Play local breakouts & book profits against key resistance


Source: https://twitter.com/tradingroomapp/status/1173881560719691776

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September 17, 2019, 11:03:57 PM

Remember how revered Vinnie Lingham was in 2015/16 and how he squandered such reputation in early 2017? - but probably only after a decent number of folks got R3ckt  by selling because they actually relied on his bullshit early 2017 propositions that bitcoin was going below $500.

Yep, Vinny is one of many douchebags that came sweeping in during a Bitcoin bullrun and suddenly crowned himself a Bitcoin ProphetTM.

There are others, but I won't waste time listing them. It doesn't matter if they are perma-bulls or short term bullish/bearish, they're all full of fkn shit. NONE of them have a fkn clue what the price action of Bitcoin is going to be tomorrow, next month, or next year.

The fact that they have "followers" that hang on their every word makes me ill.

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September 17, 2019, 11:12:20 PM

Remember how revered Vinnie Lingham was in 2015/16 and how he squandered such reputation in early 2017? - but probably only after a decent number of folks got R3ckt  by selling because they actually relied on his bullshit early 2017 propositions that bitcoin was going below $500.

Yep, Vinny is one of many douchebags that came sweeping in during a Bitcoin bullrun and suddenly crowned himself a Bitcoin ProphetTM.

The fact that they have "followers" that hang on their every word makes me ill.



not Vinny...his days being a "prophet" are officially over since 2017.
I wonder if planB will encounter similar treatment (if price fails to deliver), but maybe not since his opinion was based on numbers, not some made up "influencer" stuff.
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September 18, 2019, 12:06:48 AM

ooooooh

secret club
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September 18, 2019, 12:44:56 AM

Thanks for the info Roach,

I doubt you today consider that you were a retard in 2015 when you believed in Bitcoin. If you came to the conclusion once that Bitcoin was the future, how can you be certain that you wont again come to this conclusion

People always ask me some derivative of this question, so let's set the record straight.  Bitcoin was never the future or a sure thing to me.  I always saw it for exactly what it was, a sort of experimental contraption with extremely questionable "decentralization" and poor options for scalability due to the inherent extreme overhead of anything using a blockchain.  Nevertheless, the so called value prospect of Bitcoin was NEVER what it currently is *right now*, it's value proposition was always what it could possibly be some other day in the future.

Where the problem with this arises is, although digital shitcoins are composed of completely arbitrary variables, the number of ways you can create a digital shitcoin are actually very finite; finite enough where anyone with sufficient economic, technical, and even physics knowledge already knows all the possibilities at this point for variables such as 'focal points'.  Once you know all these possibilities, you know it was never even possible to create a decentralized digital currency in the first place - not now, not in the future.

The summary of these focal point systems is that they're mostly just a rehash of governance systems that have already existed for thousands of years.  Hence the existence of things like the 51% attack - it's not an 'attack', it's just a stupid form of democracy.  Why would anyone ever submit their personal finances to be governed by some unaccountable, faceless bureaucracy when you don't even know who the owners are.  And yes, they all turn into a centralized, unelected slum lord govt because proof of work isn't actually 'work'.  No 'work' is being done, all you're doing is putting an ASIC on cruise control and collecting interest then parlaying the profits into more interest generating ASICs, so it's just like any exponential interest system - complete centralization.

If you wanted digital shitcoins to actually be valid and not a retarded exponential interest system that completely centralizes, you would need to create a digital shitcoin that requires humans to physically solve some sort of captcha in a race for blocks.  In that manner you're not generating work-free interest because you can't parallelize your brain to solve thousands of captchas at the same time.  It's inherently restricted to one man, one vote such as the Bitcoin whitepaper fraudulently claims but fails to deliver.

Such a system would just be gamed by weak AI, so it's also completely useless.  Not to mention the fact there's STILL no point whatsoever in submitting your personal finances to an outside governance system by using imaginary, valueless, digital shitcoins with built-in rent seeking middlemen when you don't have to and can just use physical metals instead.
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September 18, 2019, 01:56:43 AM

Well that was fun. Think he's logged off, physically and mentally. He'll be back in another 3-6 months to show how little he's changed.

You are likely correct, nutildah.  Roger does not come around in order to actual interact.  He wants to pump out his various dumbass talking points and then disappear back to the slums from which he had come.

What's dumb is he took the opportunity to say nothing new. He just regurgitated the same tired talking points he's been yammering on about for the last 3 years. It's almost as if he is completely unaffected by Bcash's dismal failure as compared to BTC. He wants to pretend Bcash is cash while Bitcoin is not because it has lower fees. That's dumb.

If he wants to get technical about it, actual peer-to-peer cash transactions have zero fees, which renders EOS even more bitcoiny than bcash, according to his scale.

If he wants to get super technical about it, no bitcoin system is actually "peer to peer" since each transaction must be broadcast to the entire network and validated by miners before moving from one peer to the next. The Lightning Network is much closer to a "peer to peer" interaction than Bitcoin, or Bcash for that matter.
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September 18, 2019, 02:08:31 AM

Jeebus Cripes. So much wrong, I hardly know where to start. Let's try.

Good news gents. Andrew Yang, the only self proclaimed crypto friendly US presidential candidate, is seeing a surge in popularity.

While Yang being crypto-friendly is cool and all, the balance of his insanity makes this 'surge in popularity' the antithesis of 'good news'.

Quote
any popularity is good for Bitcoin as it will help encourage other candidates to pander to crypto community like Yang has.

Ohkaaaayy....
ThatWordYouKeepUsingItIDon'tThinkItMeansWhatYouThinkItMeans.png

Quote
If this guy gets to the next round of debates watch out as his constant drum beat of giving every American a UBI of 1000usd per month(he calls it the Freedom Dividend) will only gain more and more traction as he gets more exposure.

He is the only candidate to go from polling at 0 percent to make it to the 3-4 percent range.

Thereby demonstrating once again that the easiest way to garner mindshare is to throw money at the people, never matter the true cost. Never underestimate the stupidity of the mob.

Quote
Yang is a long shot, but a real possibility as he has the support of the Crypto community and by default the support of the future financial elite.  

*cough* bullshit squared. Most crypto enthusiasts are too smart to not be repelled by this inane pandering.
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September 18, 2019, 02:12:52 AM

Did somebody say free stuff?
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