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

[Negotiation]

Strap in. We are going lower for the true bargain hunting. There will be one last great chance for cheap coins this year and its unlikely 8k is it.

@Lambie Slayer are you sure lt is last cheap price onthis year?

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[El duderino_]

Strap in. We are going lower for the true bargain hunting. There will be one last great chance for cheap coins this year and its unlikely 8k is it.

@Lambie Slayer are you sure lt is last cheap price onthis year?

Always know, nobody can be sure .... on good guessing and longterm belief.

[mindrust]

The real question we should ask is... who teh fuck is selling from these low ass prices? Who is that moron I wonder? What does he aim for? Trying to scare the newbies? Trying to get cheap coins? What?

[El duderino_]

The real question we should ask is... who teh fuck is selling from these low ass prices? Who is that moron I wonder? What does he aim for? Trying to scare the newbies? Trying to get cheap coins? What?

Do you believe me if I say I’m not selling

[bitcoinPsycho]

The real question we should ask is... who teh fuck is selling from these low ass prices? Who is that moron I wonder? What does he aim for? Trying to scare the newbies? Trying to get cheap coins? What?

Do you believe me if I say I’m not selling

I do . We are still up 33% for the last 12 month

[HairyMaclairy]

[Lambie Slayer]

Strap in. We are going lower for the true bargain hunting. There will be one last great chance for cheap coins this year and its unlikely 8k is it.

@Lambie Slayer are you sure lt is last cheap price onthis year?

Always know, nobody can be sure .... on good guessing and longterm belief.

@Goose, no one can be perfectly accurate, but anyone can be sure. As a commodity, belief is free and as abundant as space and time.

That is how I am sure you will post wonderful food and drink pics for years to come as you continue to lead WO in most metrics as a contributor. Im also sure you will be leaving fun links to twitter without using quotation marks on the quotes.  Im also sure Roach will be poor and bitter for decades, etc, etc.

@Negotiation, I am sure the next big volume low(my guess is about 6-7k) we get in October is the last chance for cheap coins in 2019.  

My assuredness is guaranteed. My accuracy of course is not guaranteed but this goes without saying.

[fillippone]

It's time (again) for a Wall Observer Meta Post!
I made this post Monthly, so it will consider the merits sent during the month of September.
So I had to wait for the last merit dump, that included the last day of the month.

Merit analysis based on LoyceV merit file: http://loyce.club/Merit/merit.all.txt

Merit updated to September, 30th, 2019 23:59:59 UTC

Total merits sent on WO:     29748
Monthly Merits sent on WO: 1853 (+726)
Merited Users: 606 (+7)

TOP 100 WO MERIT RECEIVERS:

Code:

1.micgoossens             1937
2.Last of the V8s         1653
3.HairyMaclairy           1315
4.xhomerx10               1177
5.Toxic2040                961
6.BobLawblaw               949
7.jojo69                   859
8.JayJuanGee               795
9.LFC_Bitcoin              765
10.infofront               713
11.VB1001                  604
12.d_eddie                 570
13.Torque                  503
14.bitserve                479
15.gentlemand              416
16.mindrust                397
17.Paashaas                397
18.Elwar                   362
19.Globb0                  351
20.fillippone              351
21.kenzawak                342
22.JimboToronto            302
23.Lambie Slayer           302
24.cAPSLOCK                299
25.mfort312                282
26.Raja_MBZ                278
27.jbreher                 276
28.ivomm                   272
29.kurious                 269
30.Biodom                  266
31.goldkingcoiner          251
32.BTCMILLIONAIRE          247
33.nutildah                245
34.Rosewater Foundation    244
35.JSRAW                   219
36.Phil_S                  218
37.vroom                   204
38.realr0ach               198
39.600watt                 196
40.TERA2                   194
41.Ibian                   187
42.Icygreen                186
43.bones261                184
44.kingcolex               174
45.Kylapoiss               171
46.Hueristic               162
47.marcus_of_augustus      161
48.Arriemoller             155
49.yefi                    153
50.Dabs                    144
51.Pamoldar                143
52.Wekkel                  139
53.Cryptotourist           132
54.StartupAnalyst          130
55.toknormal               130
56.bitcoinPsycho           129
57.Spaceman_Spiff_Original 128
58.SuperTA                 123
59.Anon136                 121
60.vapourminer             118
61.serveria.com            114
62.Bitcoinaire             107
63.kirreev070              107
64.lightfoot               106
65.BinaryReign             105
66.AlcoHoDL                102
67.Cryptoqueeen             97
68.explorer                 97
69.Searing                  89
70.BlindMayorBitcorn        87
71.sirazimuth               86
72.STT                      79
73.Gyrsur                   76
74.somac.                   74
75.HI-TEC99                 74
76.Totscha                  73
77.bkbirge                  73
78.makrospex                71
79.Majormax                 70
80.DeathAngel               70
81.cryptjh                  68
82.pacman7331               66
83.bitebits                 64
84.cannycassiopeia          64
85.conspirosphere.tk        63
86.nanobtc                  59
87.Karartma1                59
88.crypmike                 58
89.suchmoon                 56
90.strawbs                  54
91.Ludwig Von               54
92.Samarkand                54
93.BitcoinNewsMagazine      54
94.theymos                  53
95.FractalUniverse          53
96.RoomBot                  52
97.rolling                  51
98.RayX12                   50
99.fluidjax                 50
100.Dunkelheit667           50

TOP 100 WO MERIT SENDERS:

Code:

1.JayJuanGee              2651
2.BobLawblaw              2013
3.micgoossens             1672
4.LFC_Bitcoin             1232
5.bones261                1071
6.infofront               1002
7.Last of the V8s          824
8.Globb0                   819
9.jbreher                  753
10.vapourminer             719
11.xhomerx10               708
12.mindrust                697
13.HairyMaclairy           655
14.600watt                 598
15.cAPSLOCK                555
16.marcus_of_augustus      502
17.Dabs                    448
18.Toxic2040               442
19.jojo69                  412
20.Torque                  352
21.Paashaas                338
22.QuestionAuthority       311
23.VB1001                  310
24.Hueristic               305
25.d_eddie                 302
26.yefi                    256
27.bitserve                245
28.kurious                 235
29.gentlemand              222
30.Ibian                   211
31.suchmoon                210
32.BlindMayorBitcorn       209
33.Wekkel                  206
34.ErisDiscordia           202
35.fillippone              191
36.kenzawak                191
37.bitebits                188
38.RoomBot                 180
39.Karartma1               179
40.nutildah                170
41.Raja_MBZ                169
42.JimboToronto            166
43.Dunkelheit667           157
44.explorer                155
45.Lambie Slayer           152
46.Gyrsur                  147
47.mfort312                145
48.ssmc2                   137
49.Pamoldar                131
50.ivomm                   131
51.kingcolex               129
52.BTCMILLIONAIRE          118
53.Rosewater Foundation    116
54.edgar                   115
55.Searing                 114
56.Arriemoller             114
57.Majormax                112
58.Biodom                  112
59.goldkingcoiner          110
60.PoolMinor               101
61.xyzzy099                 99
62.P_Shep                   96
63.Phil_S                   96
64.lightfoot                96
65.JSRAW                    95
66.Icygreen                 95
67.sirazimuth               93
68.tonyq                    87
69.julian071                86
70.Kylapoiss                82
71.conspirosphere.tk        82
72.vroom                    81
73.DeathAngel               74
74.criptix                  73
75.RayX12                   73
76.Elwar                    72
77.bitcoinPsycho            68
78.Cryptotourist            67
79.StartupAnalyst           60
80.Wilhelm                  59
81.SuperTA                  59
82.Anon136                  56
83.serveria.com             56
84.empowering               55
85.AlcoHoDL                 52
86.rolling                  52
87.sammy007                 50
88.Jayjay04                 50
89.soullyG                  49
90.STT                      48
91.FractalUniverse          48
92.Bitcoinaire              47
93.Totscha                  46
94.mymenace                 46
95.MrFreeRoMan              45
96.AlexGR                   43
97.bkbirge                  41
98.afbitcoins               40
99.nanobtc                  38
100.flynn                   37

                        
                            
TOP 100 MONTHLY WO RECEIVERS:

Code:

        
1.micgoossens              104
2.JayJuanGee                95
3.LFC_Bitcoin               94
4.VB1001                    91
5.HairyMaclairy             90
6.Last of the V8s           79
7.SuperTA                   78
8.fillippone                76
9.d_eddie                   57
10.jojo69                   47
11.Lambie Slayer            47
12.mindrust                 45
13.xhomerx10                39
14.makrospex                38
15.nutildah                 33
16.Dabs                     30
17.Biodom                   29
18.BobLawblaw               28
19.serveria.com             28
20.Toxic2040                27
21.JSRAW                    27
22.vroom                    27
23.Wilhelm                  27
24.gentlemand               25
25.Icygreen                 24
26.Globb0                   23
27.Paashaas                 22
28.Phil_S                   21
29.bkbirge                  21
30.Raja_MBZ                 20
31.Arriemoller              20
32.ivomm                    19
33.kurious                  18
34.Cryptoqueeen             16
35.BlindMayorBitcorn        15
36.Dunkelheit667            15
37.600watt                  14
38.jbreher                  13
39.Hueristic                13
40.LUCKMCFLY                13
41.Bitcoinaire              12
42.JimboToronto             11
43.Elwar                    10
44.P_Shep                   10
45.DaRude                    9
46.lightfoot                 8
47.becoin                    8
48.GreatArkansas             8
49.Ibian                     7
50.bitcoinPsycho             7
51.Gyrsur                    7
52.Totscha                   7
53.nikauforest               7
54.Krubster                  7
55._javi_                    7
56.Negotiation               7
57.arewethereyet?            7
58.akhjob                    7
59.DeathAngel                6
60.Ludwig Von                6
61.heslo                     6
62.psycodad                  6
63.Torque                    5
64.bitserve                  5
65.cAPSLOCK                  5
66.marcus_of_augustus        5
67.Pamoldar                  5
68.Spaceman_Spiff_Original   5
69.vapourminer               5
70.erre                      5
71.Lauda                     5
72.soxxx                     5
73.ssmc2                     5
74.goldkingcoiner            4
75.sirazimuth                4
76.DireWolfM14               4
77.tranthidung               4
78.dragonvslinux             4
79.HI-TEC99                  3
80.Majormax                  3
81.Saint-loup                3
82.Findingnemo               3
83.mersal                    3
84.realr0ach                 2
85.kingcolex                 2
86.Kylapoiss                 2
87.Cryptotourist             2
88.STT                       2
89.somac.                    2
90.rdbase                    2
91.Cassius                   2
92.btcbeliever               2
93.rebal15                   2
94.Fatman3001                2
95.OROBTC                    2
96.bucciarati                2
97.legendster                2
98.Wekkel                    1
99.toknormal                 1
100.Searing                  1
       

TOP 100 MONTHLY WO SENDERS    

Code:

                                  
1.micgoossens              210
2.Dabs                     194
3.JayJuanGee               173
4.LFC_Bitcoin              103
5.mindrust                  69
6.VB1001                    62
7.Globb0                    61
8.600watt                   59
9.vapourminer               57
10.HairyMaclairy            53
11.BobLawblaw               48
12.fillippone               40
13.Last of the V8s          38
14.SuperTA                  35
15.d_eddie                  29
16.Wilhelm                  29
17.jbreher                  26
18.suchmoon                 24
19.Lambie Slayer            24
20.makrospex                24
21.Hueristic                21
22.jojo69                   19
23.nutildah                 18
24.xhomerx10                17
25.ssmc2                    17
26.AT101ET                  17
27.Raja_MBZ                 15
28.Biodom                   15
29.bones261                 14
30.gentlemand               14
31.serveria.com             14
32.Toxic2040                13
33.JSRAW                    13
34.bkbirge                  13
35.Icygreen                 12
36.psycodad                 12
37.Dunkelheit667            11
38.Phil_S                   11
39.BayAreaCoins             10
40.Paashaas                  9
41.JimboToronto              9
42.Arriemoller               9
43.sirazimuth                9
44.Ludwig Von                9
45.LUCKMCFLY                 9
46.infofront                 8
47.Torque                    7
48.ivomm                     7
49.DaRude                    7
50.kurious                   6
51.kingcolex                 6
52.LoyceV                    6
53.Pamoldar                  5
54.P_Shep                    5
55.vroom                     5
56.Cryptoqueeen              5
57.Fatman3001                5
58.Ibian                     4
59.Majormax                  4
60.Totscha                   4
61.Negotiation               4
62.Dotto                     4
63.akhjob                    4
64.Bossian                   4
65.Gyrsur                    3
66.DeathAngel                3
67.bitcoinPsycho             3
68.Bitcoinaire               3
69._javi_                    3
70.malevolent                3
71.mersal                    3
72.Cryptotourist             2
73.rdbase                    2
74.The Pharmacist            2
75.GreatArkansas             2
76.OROBTC                    2
77.≡║▐µ                      2
78.NeuroticFish              2
79.Krubster                  2
80.UNOE                      2
81.rs1x                      2
82.cAPSLOCK                  1
83.Wekkel                    1
84.Searing                   1
85.lightfoot                 1
86.Kylapoiss                 1
87.AlcoHoDL                  1
88.ChinkyEyes                1
89.Spaceman_Spiff_Original   1
90.smartcomet                1
91.DireWolfM14               1
92.bitcoincidence            1
93.Saint-loup                1
94.nikauforest               1
95.WastedLTC                 1
96.Patel                     1
97.Dux2K                     1
98.btcbeliever               1
99.cabalism13                1
100.Scheede                  1

           
  
MONTHLY sMERITS BALANCE

Code:

SMerits Balance=Received Merits/2-Sent Merits

Positive Balance means an user has been increasing sMerits on the WO thread, while negative numbers means the users has sent more merits on WO than received.
Negative numbers are possible or because he has been generous this week because he has been greedy past weeks (so only temporary imbalance), or because he has hoarded sMerits on other threads spending them on WO thread, or because he's a merit source.

TOP 20 MONTHLY NET RECEIVERS

Code:

1.vroom                    8.5
2.BlindMayorBitcorn        7.5
3.Elwar                      5
4.jojo69                   4.5
5.SuperTA                    4
6.kurious                    3
7.Bitcoinaire                3
8.lightfoot                  3
9.Cryptoqueeen               3
10.xhomerx10               2.5
11.bitserve                2.5
12.ivomm                   2.5
13.marcus_of_augustus      2.5
14.nikauforest             2.5
15.erre                    2.5
16.Lauda                   2.5
17.Paashaas                  2
18.goldkingcoiner            2
19.GreatArkansas             2
20.heslo                     2

TOP 20 MONTHLY WO NET SENDERS

Code:

1.Dabs                    -179
2.micgoossens             -158
3.JayJuanGee            -125.5
4.LFC_Bitcoin              -56
5.vapourminer            -54.5
6.600watt                  -52
7.Globb0                 -49.5
8.mindrust               -46.5
9.BobLawblaw               -34
10.suchmoon                -24
11.jbreher               -19.5
12.VB1001                -16.5
13.Wilhelm               -15.5
14.Hueristic             -14.5
15.ssmc2                 -14.5
16.bones261                -14
17.BayAreaCoins           -9.5
18.psycodad                 -9
19.HairyMaclairy            -8
20.infofront                -8

                 
Nice update, I think monthly cadence is more insightful, as less prone to weekly imbalances due to MS drought.
Sadly, It a little bit delayed update, but I commit doing those as soon as sir LoyceV releases data dumps.

Well we saw a little bit of merit circulation improvement in September, apparently the end of holiday season had more impact than the sideways action in September.
We see our Mic topping a number of charts here.
Hail to the King of WO!

Still fixing glitches here and there, I am using this to getting better at data management (errors are mine).

Bump, because I posted this in the middle of the night!

[El duderino_]

via Imgflip Meme Generator

[realr0ach]

He actually seemed not exactly anti-bitcoin, but sort of bearish on it's fundamentals and prospects when I talked to him about it in like 2012 or something.  In other words, the people who claim it's somehow inevitable Bitcoin becomes the world reserve currency in this thread are outliers and mentally insane.

[LFC_Bitcoin]

Good morning gentlemen. Had a lie in, checked price & see we’re sub 8k, felt disappointed at first & then remembered I’ll be getting fed caviar by high class hookers off a diamond encrusted spoon & hydrating myself with copious bottles of Krug in the Caribbean in 2022 so meh!

Gobble up the cheap coins if you have spare fiat guys.

[d_eddie]

Apparently I got lucky with my sophisticated SOMA analysis. I could have made the short even larger - in the same ballpark as (or bigger than) the long - and profit double (or more). Not closing it yet, because my SOMA tools do not provide any timing info on the incoming run up yet.

This does not mean I'm happy.

[Last of the V8s]

~Andrew Miller tweet about trilemmas snipped~

Dear sirs,
It has come to my attention that two individuals claiming association with the institution you represent, specifically one Elaine Shi and one Andrew Miller are advertising a "CMSC 818I: Science of Crypto-Currency, Spring 2015" course. ...
This notwithstanding, the two in question exhibit the unmitigated audacity to propose that 20% of the mark will be based on (unpaid) contribution to a so called "Ethereum project", which other than being a private concern is a widely known scam, ...
The exact equivalent would be a situation in which an assistant professor and a PhD student in the Mathematics department start a "Science of A Certain Herbal Extract Supplements" course, whereby a fifth of the mark depends on your students doing unpaid work for a commercial multi-level marketing scam known as "Forever Living". That they would have the cheek to actually discuss "Academic Integrity" on the same page, in terms that readily reduce to "you must provide us with something of actual value we can pawn off to our private concern" is mere icing on the cake.
Leaving aside the ample legal liability this episode has created for your institution - no, students are not actually slave labour, no it's not actually legal to whore them out in this manner just yet, etc - the intellectual respectability of the University of Maryland has received a significant blow from which it conceivably may never recover.
Please kindly let me know as to the results of your investigation into the matter, and as to the measures that have been taken against the two fraudsters involved.
All the best,
Mircea Popescu

emphasis mine
it's like the old bible (except it's real), there's a quote for everything

[Last of the V8s]

meanwhile, theymos:

... overconfidence is the biggest mistake you can make on anything. We're not living in a storybook, and we are not destined to win.

In the US I think it's very likely that someday soon a little provision will be tucked into a must-pass bill at the last minute requiring reporting all BTC holdings via FBAR. After that, while there's currently no momentum whatsoever for it, it'd be a fairly simple matter to someday say "turn over your bitcoins, which we know you have, or go to jail" (or "we can prove you have bitcoins, but you didn't report it, so you go to jail").

The push for regulation increases constantly, worldwide. Each regulation is a reduction in freedom and a weight around the BTC economy's neck. In the end, it's not unimaginable that someday BTC will technically not be restricted for end-users, but all legally-operating on-ramps and off-ramps will be forbidden from transferring BTC to/from non-KYC wallets, not even trustless wallets. People who stay within this legally-acceptable area would be using something no better than (and with no competitive advantage over) fiat in bank accounts.

It's not unimaginable that LN nodes, even though trustless and not holding any user BTC, will be harmfully regulated. And the same could be true of other methods of scaling, most of which have centralization trade-offs. (Including on-chain scaling, where the centralization trade-off is the reduction in the distribution and economic power of full nodes.)

If one of the biggest governments really wanted to destroy Bitcoin's value as a free economy at any cost (which seems very unlikely, but isn't impossible), they'd offer billions of dollars in subsidies to domestic miners, but also legally require that these domestic miners only mine transactions that have been approved by some government entity. Then when they had enough such miners, they'd also require that the miners only extend chains which fall under this regime, essentially doing a (illegitimate) softfork into a centralized coin. Bitcoin is not ruled by miners, so this wouldn't be the end of BTC, but it'd be extremely problematic, and perhaps the end of mainstream BTC.

Satoshi said, "Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years." He didn't say that BTC can endure direct assault by major governments and come away completely unscathed; it can't. We should try to prevent the nightmare scenarios I mentioned (and others), hope for the best, but prepare for the worst. It's true that governments will never be able to completely stamp out cryptocurrency, but at some point oppression could reach levels where all BTC usage and development would have to move deeply into the shadows, which would greatly reduce Bitcoin's ability to impact the world. (At that point, BTC would hopefully become a small part of a wider revolution, and not just a fading remnant of freedom.)

[JSRAW]

So mic and JJG are 2 wonder-boys.

Anyways India won the Test game against SouthAfrica.

[Gyrsur]

DON'T PANIC! the bottom is in. market places are out of new FIAT (for buying BTC) because of the weekend.

[Last of the V8s]

So mic and JJG are 2 wonder-boys. [ ]

Anyways India won the Test game against SouthAfrica.

no
de-merit
it's not a fucking game

[JSRAW]

So mic and JJG are 2 wonder-boys. [ ]

Anyways India won the Test game against SouthAfrica.

no
de-merit
it's not a fucking game

fillippone's stats
World Test Champion ship
India Vs Australia in lords 

[Last of the V8s]

 
welcome

[JSRAW]

Just kidding, English team is strong too