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

[Biodom]

I remember some of you guys used to grin a lot... How's your sh!tcoin doing?


18 Months In, Few People Use, Mine or Buy Privacy Coin Grin

https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

Not sure why you are so up in arms because of a $20-30mil market cap alt.
Nobody really bought it, but you could have mined it on a video card, which is not really possible with other coins.
It's too difficult to use, hence it is mostly a developer toy. Plus, it has high inflation in a first few years as supply is growing linearly (at around 63 mil/year).
Not really anonymous, either.

Yeah.  People do not understand that the innovation in MimbleWimble is not the "privacy", but the potential for scaling with a lightweight blockchain.  I think that is why so many bitcoin talk OGs were interested.

But it is unproven tech, and  Grin is the proving ground for better or worse.

It's economics are also interesting.  And in some ways obviously not designed for competition with BTC.  I have never mined, nor bought a single pip of Grin, myself.

I find people's obsession with alts failing to be a telling thing about someone's security when it comes to Bitcoin's place as the lindy project with network effect.

In the end we HAVE to do the experiments.

Some coin HAS to try to be a world computer and do all calc on chain. (ETH)
Some coin HAS to have no blocksize limit and store all kinds of data on chain and centralize. (BSV)
Some coin has to have inflationary monetary policy. (Doge?)
Some project has to have an opaque base layer, and be capable of truly private use. (Monero?)
ETC ETC ETC
Grin gets to try to prove out mimblewimble.

And then there are all the projects that have no purpose because they try to compromise on one or more of those aspects in the name of "moderation" (BCH?).  

We simply cannot live in a world where BITCOIN exists as an open source distributed ledger tech attempting to become money where competing forks and copycat software does not exist.  Can't have both of those things.

It sucks for those of us old enough to have less life left to live as this stuff works itself out... but it has to work itself out.

My bet is on Bitcoin.  (Well, and I do keep a Monero side bet so to speak...  I just list that here to make JJG froth)

I would refer to this as a @cAPSLOCK conjecture: we HAVE to do experiments while betting on bitcoin (and others, as a side bet, if you are pleased to do so and in moderation).

[psycodad]

Honestly, if you need transactions to clear really quickly I'd suggest using litecoin at this point.

Yes, it's a shitcoin, but if you've got a hooker in your room, she's done her job, and you want her gone (that's why you pay hookers: To leave) a 2.5 minute confirmation time is of high value. Right now standing around for 30 minutes doing idle chitshat is not worth any amount in fees :-)

Bitcoin transfers are instant.

Care to elaborate? Or are you just trying to grind lightfoots gears?

What is the question? The transfer happens immediately. The processing before it can be sent somewhere else takes a little while. Payment does not need processing for the payment to happen.

So you are basically saying accepting payments once they are in the mempool is fine, waiting for confirmations is for sissys?

Good luck then with your funds.

Happens all the time. I do it, people I know do it, Cheapair does it. Last time I bought plane tickets I bought one part of the trip with plastic and another with bitcoin. Bitcoin confirmed faster.

Do you think Cheapair wouldn't just redraw your ticket if your transaction had not confirmed once the time for delivery of goods (you boarding their flight) has come?
Wake me when you have boarded a flight while your payment has still 0 confs.

[xhomerx10]

Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

[JayJuanGee]

 I just list that here to make JJG froth)

There can be more than one reason that any given person might froth at any given moment.



In other words, my happen to have been frothing at the same moment that you happened to have submitted your post happened to have been a mere coincidence.  So there!!!!!

[sirazimuth]

Didn't read the news yet but it's probably Trump injecting something again. Are we down because he died or because he survived ?

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

According to my findings, not Satoshi's stash!
So, not even CSW finding his keys!

sell the news....

News: some non-satoshi old coins moved. The traders:

Yeah, that news.

[Ibian]

Honestly, if you need transactions to clear really quickly I'd suggest using litecoin at this point.

Yes, it's a shitcoin, but if you've got a hooker in your room, she's done her job, and you want her gone (that's why you pay hookers: To leave) a 2.5 minute confirmation time is of high value. Right now standing around for 30 minutes doing idle chitshat is not worth any amount in fees :-)

Bitcoin transfers are instant.

Care to elaborate? Or are you just trying to grind lightfoots gears?

What is the question? The transfer happens immediately. The processing before it can be sent somewhere else takes a little while. Payment does not need processing for the payment to happen.

So you are basically saying accepting payments once they are in the mempool is fine, waiting for confirmations is for sissys?

Good luck then with your funds.

Happens all the time. I do it, people I know do it, Cheapair does it. Last time I bought plane tickets I bought one part of the trip with plastic and another with bitcoin. Bitcoin confirmed faster.

Do you think Cheapair wouldn't just redraw your ticket if your transaction had not confirmed once the time for delivery of goods (you boarding their flight) has come?
Wake me when you have boarded a flight while your payment has still 0 confs.

Okay I'll try again.

My plane ticket bought with plastic confirmed in 15 minutes.

Bitcoin confirmed within one, dunno didn't keep count.

Yes there are contingencies, of course there are. None of this matters. The fact is that bitcoin transactions are instant. This is a fact and the item in question. Do you wish to dispute this fact?

[Hueristic]

I remember some of you guys used to grin a lot... How's your sh!tcoin doing?


18 Months In, Few People Use, Mine or Buy Privacy Coin Grin

https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

Give it another year.

Ha! Been mining that shit grin straight to an exchange ever since it launched.
Then like once a month I log in and dump it all for bitcoin,
(Still don’t have a clue how to send or receive it, (grin) but who cares)
which keeps my hot wallet stocked with (accumulating) bitcoin dust.
One way to indirectly “mine” bitcoin with video cards I suppose.

Did you ROI?

I told people since day one to wait a few years before buying but you know, FOMO be a b1tch.

[Raja_MBZ]

[Toxic2040]

Yeah no need to panic, I had to pay the doctor for my cock reduction surgery.

[VB1001]

Very grateful for your comments, suggestions and some PM received!

Now I must stick to the new plan, buy small quantities regularly.
The previous one was executed as planned, if the accumulated total of fiat fell for any reason, the investments or bitcoin would be sold before stressing the family economy.

The really important thing is that I can still eat and drink, all is not lost.

(Now I am a bull without horns and without BTC)

Better for me if we close this conversation here, I'm sure the situation will improve.

Thx

[2020VISION]

R.I.P. @ACTUALADVICEBTC  

YOU WILL BE FOREVER REMEMBERED !! ~ LOVE YOU BRO!!




https://coinstreetnews.com/2020/05/actualadvicebtc-has-passed-away/

[2020VISION]

Yeah no need to panic, I had to pay the doctor for my cock reduction surgery.

r.i.p. mr. rooster @aabtc : ( ***

[Hueristic]

BOOOYYYYYYZZZZZZZ 
Just saw i can wear my hat again!
Hold my beer...

Congrats, that didn't take long.

Fat lot o good it'll do ya. 

[Last of the V8s]

"All €¥€$ on BTC"

[Raja_MBZ]

Whew, back above $9500. Let's see if bears are really losing dumping power already.

[DaRude]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

If i could ask one thing, it'd be for them to sign that Faketoshi is fraud   funny that BSV also went down when coins moved

[LFC_Bitcoin]

Whew, back above $9500. Let's see if bears are really losing dumping power already.

Well it was a pretty flaccid attempt to plunge us sub $9,000.

[JayJuanGee]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase?

Man, TBH, I don't wanna know who Satoshi is.

According to my findings, not Satoshi's stash!
So, not even CSW finding his keys!

Well, even if it's not Satoshi's stash, it still makes bitcoin short-term bearish. It's not every day that someone who mined bitcoin in 2009 makes a transaction.

You seem to be reading way too much into this.

Bitcoin prices have hardly even moved.

Yeah, of course, we had a little correction in the last few hours, and sure, the correction might go down another $1,000 or even $2k, but so far it went down a few hundred and then bounced back to within about $200 or $300 from where it started.  Furthermore, it hardly even reached dip levels that it had achieved yesterday...

I don't see anything, so far, that is really bearish about this  -and it could be the opposite.. but too soon to call that, either.

On this little pump, I'm thinking of going for a swing trade with a "bit" of my stash. Selling here and buying back at ~$9000 doesn't sound like a very bad idea IMO.

Reminds me of Clint Eastwood.

"You feeling lucky, punk."

 


 (nothing personal)

[BlackHatCoiner]

Am I the only one who believes that it will fell below 8000$?

[cAPSLOCK]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

With a 80/20 split -- my guess is that someone professionally recovered the wallet password.    I've used a service, took 14 months to crack but they did it and took 20%.   This could be an old wallet.dat file that someone found and didn't have password.  

I think this is highly unlikely.  Possible, yes... but kind of the opposite of Occams razor.  Someone mining literally 1 month in?  The chances of this person losing their key is pretty slim.  This is a fairly rarified group of cypherpunks at that point.  Things like passwords and the like are in their blood.

Also it is extremely unlikely that this person needs to move those coins.

So that means this is being done for another reason.

And that is why the entire market just sneezed and is now holding it's breath.

I expect CSW comes out full bore shortly.  And one motivation for doing this would be to lay a trap for him.  I would LOVE TO SEE THAT.  Course, I guess this could also be the tip of the "rolling iceburg"? ROTFLMFAO.

The reality is whomever did this... there is 99% chance that this is all meta.  Know what I mean?  They are not planning on building a new swimming pool or something.