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

[JayJuanGee]

i give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH based erc20 scams or defi scams. i mean in the real world. it has been 12 years since the bitcoin white paper and more than 5 (how many exactly?) years that the "blockchain-not-bitcoin" narrative gets spun.

it took facebook 4 years to reach 1 billion customers.

it took the "blockchain industry" 4 years to develop zero products and therefore zero customers.

and no, BAT token does not count. no blockchain necessary there.

blockchain my ass.

nice title for a book.

Not contending for the price but the Internet wasn't invented at the 1995 level out of the blue. Bitcoin is only around since 2009. Implementing it in the Interwebs and gaining wide acceptance is not a small feat. Especially when still being clunky and having to go against major established conventions and institutions.

I tend to look at it differently: the success of our clunky 7 tps Bitcoin proves how much dead wood there is to burn.

Imagine an unlimited scaling secure decentralised open network for transactions. We have only seen the tip of the iceberg.

Something wrong with bitcoin?  I did not realize that.

I think that when you are suggesting bitcoin to be clunky, you need to look at it as a package and to compare it to other systems in order to suggest that it is clunky compared with some other system.. and what is that system that you are comparing it to, exactly Wekkel?

In other words, fuck off with your implications that 7 tps is somehow inadequate given our current status of bitcoin and the various other objectives that it accomplishes in more important realms of empowered capacities for individuals to store and transport value without seeking permission - even if it might take more than 10 minutes to transact... you fuck.  

i give 10 merits if one can name me a working blockchain product.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

i will check filecoin.

with working i mean a sellable product. that gets sold. that has customers. and yes, the attitude is dismissive because i suspect that blockchain is just a database structure and not a technology all by itself.
the sellable part should NOT be the token.

Yes.. .many (if not all) of the shitcoins work fine and dandy until they actually get some decent amount of traffic.. then we find out that they do not actually work in practice, even though they looked nice and lovely on paper.

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[Biodom]

70 percent of Americans have less than $1,000 stashed away, according to GOBankingRates' 2019 savings survey. The poll, released December 16, revealed 45 percent have nothing saved.

This is actually shocking... I'm not sure if BTC can help them at this point... 

maybe because some of them have it all in bitcoin-one can dream, right?

[El duderino_]

This pump is gaining momentum.. 

https://twitter.com/fiatstandard/status/1356988490962137089?s=20

[DaRude]

wtf why are we still under $50k? I blame outdated poll! (adam wouldn't let such oversight happen)

[serveria.com]

[El duderino_]

wtf why are we still under $50k? I blame outdated poll! (adam wouldn't let such oversight happen)

[JayJuanGee]

~snip~

Thanks for the on-the-grounds report, chhota bhai.

 

Your welcome bade bhai, although i am not in India right now.

Hm?  You might be giving away too much opsec.

Now we know, JSRAW is not in India.


Don't tell anyone.

Anyway your Hindi vocabulary getting bigger so here are couple of words for you and homer, its curse word for the likes of Rustingminds, you could use it with friends also. the words are  "Gaandu" and "Chutiya" its literally translate to Asshole and Better version of "Cunt" respectively.

Hm?  Might have to work on trying to remember those or using one or more in a sentence.. you are correct with the implication that they could come in handy, at some random point.. when I might be in or near India or in or near an Indian.         I am not going to give away any of my opsec, here chutiya bhai (#nohomo  Did I use that correctly?).

[macson]

https://twitter.com/business/status/1357082701363298309

BTCitcoin 1 vs 0 Banks

 

[Torque]

70 percent of Americans have less than $1,000 stashed away, according to GOBankingRates' 2019 savings survey. The poll, released December 16, revealed 45 percent have nothing saved.

This is actually shocking... I'm not sure if BTC can help them at this point...  

The poll likely shows that a large percentage has a lot of debt.

Precisely why I call bullshit every time the media says that Average Joes are causing the Bitcoin price to shoot up.

That ship sailed long ago. Average Joe is broke af. Just guppies now, along for the ride on the big wave.

[d_eddie]

Strictly speaking, the third point alone could be enough.

[serveria.com]

Strictly speaking, the third point alone could be enough.

Yeah I believe he added that part for some extra pompousness and grandeur... 

[d_eddie]

Strictly speaking, the third point alone could be enough.

Yeah I believe he added that part for some extra pompousness and grandeur... 

...unless by "wake up early" he meant a metaphorical "wake up (from fiat) early (say, before the first halving)"

The earlier the better indeed.

[marcus_of_augustus]

... complete the handle back to 42 and then boom time.

[cAPSLOCK]

[cAPSLOCK]

... complete the handle back to 42 and then boom time.

How I did not see this?

[BobLawblaw]

Filecoin does not count. Why do I have to invent a new coin to drive the incentive layer of IPFS?

Fair point. Did not consider that. IPFS should be free. Filecoin is indeed muddying the waters.

I retract my point about Filecoin being relevant.

[Torque]

... complete the handle back to 42 and then boom time.

Maybe. But I don't think we're there yet for boom time.

My theory: the whale(s) that got blown out of their short on 1/29, now has to make up their losses.

Will push price above 38 to bait margin longs, then dump several K.

[LFC_Bitcoin]

Impressive little rally, feels like a new ATH & the continuation of this bull market isn’t too far away. $50,000 before April? Very possible imo!

[OROBTC]

...

OK, I'm as happy as the next camper to see today's BTC pump.  But, I have not seen an explanation for why.

So what's behind todays little pump-thing?

*   *   *

Kudos to Bob & Rick re looking at buying a Texas ranch.  I used to own a small place in very rural remote Goliad County (S Tx).  Even had a pond with some small fish (perch).  Would have been a nice little survival retreat, but I had that property long before "prepping" got cool.

Also, being bitten by the Black Widow Spider there and moving to another state soured me on the possibility of living out in the sticks.  I also saw snakes on the place...  South Texas has some nasty creatures.

[marcus_of_augustus]

... complete the handle back to 42 and then boom time.

Maybe. But I don't think we're there yet for boom time.

... I gave a price target ... not a time.

... fanciful market machination theories aside, or included, we're likely going back to 42k then boom time ... 7-14 days maybe?