Wall Observer: BTC/USD Price Tracking and Discussion 2.0 (Unmoderated)

[infofront]

Welcome to the new free speech wall observer thread.

I thought an unmoderated thread was necessary after already having a couple posts deleted from the "other" new Wall Observer.

An unmoderated thread is more in line with the spirit of the original Wall Observer thread, where much of the value was in the off topic discussions and overall zaniness.

[1715588375]

1715588375

[1715588375]

1715588375

[1715588375]

1715588375

[1715588375]

1715588375

[Holliday]

Yay! Glad to be here.

[megashira1]

Wall Observer forked? There's now 2?!

Can the real Wall Observer please stand up.

[infofront]

This is the UASF wall observer fork!

[infofront]

From the famous Masterluc on June 26:

"Panic in people ... A brief education program of what I wrote here.

On June 20, I wrote that, with a probability of slightly less than 100%, there will be a correction for weekly ma20, that is, about $ 1630 (ma20 increases).

A little earlier I wrote that the general bitcoin trend is strong.

I was asked - if so, do you need to buy on ma20? I confirmed the high quality of such an entry point to Long.

Congratulations to the newcomers who pissed. After $ 10,000, you also start to fight =} Think carefully if you need it. You are challenging a huge market. You want a lot of money, but you are waiting for a great test of strength."


I'd like to point out that this match's his "bearish" scenario in https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/
That has bitcoin going to ~$1,700 in July-Aug, then to ~$100,000 in about a year.

[YourMother]

[Biro Bob]

I like the idea of free speech! Thats more in keeping with Adams original thread.

[r0ach]

I like the idea of free speech! Thats more in keeping with Adams original thread.

For Adam!

[deepcolderwallet]

Wall Observer forked? There's now 2?!

Can the real Wall Observer please stand up.

Actually 3.
https://bitcointalk.org/index.php?topic=1992753.new#new

[deepcolderwallet]

Now that the cockroach showed up, I think this thread will be the chosen one.

[machasm]

Wall Observer is dead.
Long live the new Wall Observer!

[bitserve]

This is getting out of hand. Maybe another better solution would be to create a new section in the forum named "Wall Observer" and move all these threads there.

Anyway it's a PITA to have to watch several threads at once. Everything was way easier when we had one single thread for all price speculation.

[deepcolderwallet]

This is getting out of hand. Maybe another better solution would be to create a new section in the forum named "Wall Observer" and move all these threads there.

Anyway it's a PITA to have to watch several threads at once. Everything was way easier when we had one single thread for all price speculation.

This is it, but I've abandoned the Meuh's one. Just 2 more tabs on my browser (actually one, as we do not have to watch Adam's anymore).

[deepcolderwallet]

Welcome to the new free speech wall observer thread.

I thought an unmoderated thread was necessary after already having a couple posts deleted from the "other" new Wall Observer.

An unmoderated thread is more in line with the spirit of the original Wall Observer thread, where much of the value was in the off topic discussions and overall zaniness.

Lets go OP. Bring our comrades back here!

[steelboy]

Yep, made two posts and one was deleted. Fuck censorship. 

[deepcolderwallet]

Yep, made two posts and one was deleted. Fuck censorship. 

It's IMPOSSIBLE to stand with the other one.
Just because there had 90+ posts OP Meuh is already playing the Mad King.
I've got 6 deleted posts!!!
2 were on-topic. 3 were complaints about the 2 deleted and 1 I guess was fair because the meme did not fit the image size rules (although the size rules were only disclosed later).

[deepcolderwallet]

Do you guys think this ping-pong in BTC/USD will remain till Aug 1st?

[bitserve]

Not to ruin the fantasy but all three threads are still inside Speculation section (where it should be, but....) so I guess there's no such thing as "unmoderated" and all rules still apply. If they were going to allow this, they would better just unlock the real WO and let it be.

Also, shouldn't we be discussing all of this in meta instead of doing it all over the new "reborn" threads? Otherwise this will be a crossposting nightmare.

[spiderbrain]

Wall Observer forked ages ago https://bitco.in/forum/threads/wall-observer.27/page-130

[eiskalt]

I like the idea of free speech! Thats more in keeping with Adams original thread.

For Adam!

That's the spirit!!

          

For Madam!!!


 

[Biro Bob]

Wall Observer forked ages ago https://bitco.in/forum/threads/wall-observer.27/page-130

That was a decent hard fork, but it never maintained the hash rate of the original and thus became an alt-thread.

[infofront]

Of all the predictions going around, this one looks the most realistic to me. Segwit activation and lack of a soft fork on Aug. 1 will result in a breakout of the pennant being created now.

[deepcolderwallet]

We can vote to help choosing what Theymos will do with old WO thread:
https://bitcointalk.org/index.php?topic=1993570.0

[deepcolderwallet]

180+ sell wall spotted @ Bitfinex @ $ ~2469

[bitserve]

180+ sell wall spotted @ Bitfinex @ $ ~2469

pulled?

[deepcolderwallet]

180+ sell wall spotted @ Bitfinex @ $ ~2469

pulled?

Partially swallowed. Now 62+BTC moving around sell and buy. Either the system went nuts or someone is drunk playing with his ransomware bounty.

[infofront]

I'd play with this ransomware.

[deepcolderwallet]

I'd play with this ransomware.

OP you're the best mod ever!
 

[TeeBone]

(((Feminism))) (((Communism))) (((Open borders)))

Testing 1, 2....

[FractalUniverse]

Hah. here is another one  ok subscribing as I like the idea of freedom

Of all the predictions going around, this one looks the most realistic to me. Segwit activation and lack of a soft fork on Aug. 1 will result in a breakout of the pennant being created now.

looks good.
interesting how can current pattern develop into either continuation pattern or reversal.

[bitserve]

It looks like it went with (E) atm.

[kurious]

I like the idea of free speech! Thats more in keeping with Adams original thread.

Agreed, but it won't be unmoderated - the old one was and this will be.

Still, Meuh is far too heavy handed for me.  May the best fork win.

I will follow this for now...

[infofront]

I like the idea of free speech! Thats more in keeping with Adams original thread.

Agreed, but it won't be unmoderated - the old one was and this will be.

Still, Meuh is far too heavy handed for me.  May the best fork win.

I will follow this for now...

Agreed. I believe we need a bare minimum of moderation. Adam was pretty much the perfect mod.
After having two posts deleted within the first 4 pages (one relevant to speculation, one not so much), I felt compelled to start a new thread.

[kurious]

I like the idea of free speech! Thats more in keeping with Adams original thread.

Agreed, but it won't be unmoderated - the old one was and this will be.

Still, Meuh is far too heavy handed for me.  May the best fork win.

I will follow this for now...

Agreed. I believe we need a bare minimum of moderation. Adam was pretty much the perfect mod.
After having two posts deleted within the first 4 pages (one relevant to speculation, one not so much), I felt compelled to start a new thread.

I agree and well done, except the forum will moderate it if no one else does and I think your thread is unmoderated. Some moderation is necessary, it just needs to be someone like Adam, or you, I don't mind as long as it's the spirit of the Original WO thread.

[cellard]

Wall Observer forked? There's now 2?!

Can the real Wall Observer please stand up.

This is more than a fork. I was honestly getting confused at some wall observers. What happened to the original thread?

https://bitcointalk.org/index.php?topic=1991115.0

https://bitcointalk.org/index.php?topic=1992753.0

https://bitcointalk.org/index.php?topic=1993741.0

This is hilarious. So many walls to observe.

Anyway, on the actual thread: The price seems to be wobbling in nowhere's land. The uncertainty is in the air. Everyone is just watching, nobody has no clue what is going to happen. The outcome is anyone's guess. Let's just hope there's no hardfork or anything stupid because the crash could be epic.

[Iranus]

Wall Observer forked? There's now 2?!

Can the real Wall Observer please stand up.

This is more than a fork. I was honestly getting confused at some wall observers. What happened to the original thread?

It was shut down because it was a strain on the moderators to remove all the off-topic posts, since the OP was no longer active for a long time.

Theymos created this poll as to what should happen to it now.

For now, it looks like it's just going to be a battle between at least one moderated thread and at least one unmoderated thread, in an attempt to find out the community support more accurately.  Personally, I'd prefer this thread but maybe it should be given some kind of special rules allowing certain off-topic posts.

Anyway, on the actual thread: The price seems to be wobbling in nowhere's land. The uncertainty is in the air. Everyone is just watching, nobody has no clue what is going to happen. The outcome is anyone's guess. Let's just hope there's no hardfork or anything stupid because the crash could be epic.

True.  SegWit activation could be imminent, then we'll see the price moon.

[savetherainforest]

I like the idea of free speech! Thats more in keeping with Adams original thread.

For Adam!

[infofront]

Anyway, on the actual thread: The price seems to be wobbling in nowhere's land. The uncertainty is in the air. Everyone is just watching, nobody has no clue what is going to happen. The outcome is anyone's guess. Let's just hope there's no hardfork or anything stupid because the crash could be epic.

True.  SegWit activation could be imminent, then we'll see the price moon.

I'm interested in seeing the interplay between BTC and ETH if (when) segwit activates. I would hope that enough people have been burned by ETH now, that it will decouple, and FOMO on BTC will not carry over to ETH for a while.

[HI-TEC99]

Anyway, on the actual thread: The price seems to be wobbling in nowhere's land. The uncertainty is in the air. Everyone is just watching, nobody has no clue what is going to happen. The outcome is anyone's guess. Let's just hope there's no hardfork or anything stupid because the crash could be epic.

I think it might stay between $2500 and $2600 this week because of the uncertainty. When it reached $3000 everyone thought it couldn't go higher and dumped. However when it went close to $2000 everyone thought it couldn't go lower and bought back. It will probably go sideways for a week while everyone waits to see which way it's going to go.

Later this year I think it will go over $10000 and today's price will seem cheap.

[BlindMayorBitcorn]

Wall Observer forked ages ago https://bitco.in/forum/threads/wall-observer.27/page-130

That was a decent hard fork, but it never maintained the hash rate of the original and thus became an alt-thread.

So many threads, so little time.

[savetherainforest]

Wall Observer forked ages ago https://bitco.in/forum/threads/wall-observer.27/page-130

That was a decent hard fork, but it never maintained the hash rate of the original and thus became an alt-thread.

So many threads, so little time.

Well... so many of those are or feel unreachable and don't give or inspire enough confidence in expression and free speech!... So... u know... ppl prefer the easy way in a semi-simple environment with some perception of a semi-vulnerable system... like this forum system!


And btw... I miss your profile pic...

[yefi]

Of all the predictions going around, this one looks the most realistic to me. Segwit activation and lack of a soft fork on Aug. 1 will result in a breakout of the pennant being created now.

I don't see the confidence or investor fortitude in the markets for this. My money is on a deeper test into the mid-thousands.

[savetherainforest]

Of all the predictions going around, this one looks the most realistic to me. Segwit activation and lack of a soft fork on Aug. 1 will result in a breakout of the pennant being created now.

I don't see the confidence or investor fortitude in the markets for this. My money is on a deeper test into the mid-thousands.

He seems to have 'painted' a very conservative prediction on things. Btw... I see a lot of "bread & salt" circus this year for the people! The currency wars will start because of food prices being destroyed by all the weird weather we are having all over the globe, floods & heat waves seem to be the new norm. And it will be a f'ing bid war on things like food that each country will struggle with. Their only option will be to devalue by printing more! They will just have to throw with more cash! Global mega inflation incoming!!!

[Le Happy Merchant]

Gotta get a post in early in the fork I think will 'win'.

[kurious]

Theymos is asking for a list of who might want to take over the old WO thread:

If option 1 or 3 occur, who are the candidates for new listed owner / mods? Someone please compile a list.

Anyone interested?

[FractalUniverse]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

[mymenace]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

[FractalUniverse]

It may still be a symmetrical triangle moreless, with chance of breaking on either side. if broken down, it may complete head and shoulders reversal pattern as well.
so its too early to tell, it needs some more time to complete

[bitserve]

At least it looks like we are still going sideways inside the triangle. Still one month to the big Bitcoin event I don't think this sideways is a bad sign but a logical one.

[HI-TEC99]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

That's what it feels like to me. Although traders always say buy the dip it's not easy to do when the price is going down. It's easiest to buy at the worst time possible when the market is at peak euphoria.

The 10% of successful traders are probably buying the bullish pennant, and the other 90% are probably selling the dip.

[deepcolderwallet]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

That's what it feels like to me. Although traders always say buy the dip it's not easy to do when the price is going down. It's easiest to buy at the worst time possible when the market is at peak euphoria.

The 10% of successful traders are probably buying the bullish pennant, and the other 90% are probably selling the dip.

If I had any fiat left I'd be buying like there was no tomorrow.
This seems to be the best opportunity Bitcoin is giving us in a long time. Since 2013 Macroeconomics  changed a lot and the world is about a financial collapse. I'm not a SHTF guy but here where I live I see no other investment. Bitcoin will save my retirement.

[HI-TEC99]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

That's what it feels like to me. Although traders always say buy the dip it's not easy to do when the price is going down. It's easiest to buy at the worst time possible when the market is at peak euphoria.

The 10% of successful traders are probably buying the bullish pennant, and the other 90% are probably selling the dip.

If I had any fiat left I'd be buying like there was no tomorrow.
This seems to be the best opportunity Bitcoin is giving us in a long time. Since 2013 Macroeconomics  changed a lot and the world is about a financial collapse. I'm not a SHTF guy but here where I live I see no other investment. Bitcoin will save my retirement.

Yes a financial collapse is what instigated the birth of Bitcoin. If there's another one I expect Bitcoin to go parabolic because the next time the banks won't get bailed out by governments, they will bail themselves in using their own customer's deposits.

It already happened in the 2012–13 Cypriot financial crisis, and it's going to happen all over the world if there's another worldwide depression like in 2008/2009.

This thread was started by someone who had a fortune taken from him by his Cypriot bank in 2013.

https://bitcointalk.org/index.php?topic=160292.0

[yefi]

Yes a financial collapse is what instigated the birth of Bitcoin. If there's another one I expect Bitcoin to go parabolic because the next time the banks won't get bailed out by governments, they will bail themselves in using their own customer's deposits.

It already happened in the 2012–13 Cypriot financial crisis, and it's going to happen all over the world if there's another worldwide depression like in 2008/2009.

This thread was started by someone who had a fortune taken from him by his Cypriot bank in 2013.

https://bitcointalk.org/index.php?topic=160292.0

The non-inflationary model should preserve wealth and increase its appeal during the next financial meltdown. However, in the immediate instance of a meltdown, there might be a sell-off. Part of that reason is the hot money, and part of it the stock-like value in alts tied to economic activity. That should depress prices until the store of value function predominates.

[harrymmmm]

I like the idea of free speech! Thats more in keeping with Adams original thread.

For Adam!

Any thread where a post like this survives definitely has (so far) a light touch moderation.

So now I have to follow Marcus' thread and this one

[TeeBone]

Yeah, triangle is gonna bust out impulsively next 3-4 days...hoping we get 4th of July fireworks

[HI-TEC99]

Yeah, triangle is gonna bust out impulsively next 3-4 days...hoping we get 4th of July fireworks

Why do you think it will be in 3-4 days? Bitcoin's price sometimes goes sideways for months. Another week or two before a triangle bust out isn't inconceivable.

[bitserve]

[TeeBone]

Yeah, triangle is gonna bust out impulsively next 3-4 days...hoping we get 4th of July fireworks

Why do you think it will be in 3-4 days? Bitcoin's price sometimes goes sideways for months. Another week or two before a triangle bust out isn't inconceivable.

Its what typically occurs at the apex of wedge......could go sideways too, for a few weeks, then make a move. I just see alot of volatility near-term with 2X and all.

[r0ach]

(((Feminism))) (((Communism))) (((Open borders)))

Testing 1, 2....

Everything appears to be properly categorized there.  Further revelations on the subject:

http://www.stopthecrime.net/docs/SILENT%20WEAPONS%20for%20QUIET%20WARS.pdf

Yea, I read that a long time ago.  You'll notice it pops up right after the conclusion of WW2 when the Marxist jews took over the world and cites people like (((Mayer Amschel Rothschild))) as some type of hero in the book.
It's basically their new "protocols of the elders of zion" for modern times.  Whites in high positions go along with the Jew scheme thinking they're in some type of club, but nope; they're just useful idiot Shabbos Goys helping to prop up global Jewish enslavement.  Holocaust 2.0 coming soon.

[Torque]

(((Feminism))) (((Communism))) (((Open borders)))

Testing 1, 2....

Everything appears to be properly categorized there.

Hey r0ach, are you a listener of Stefan Molyneux?  This video discussion with Faith Goldy on the rise of cultural Marxism in Canada was really good.  Hard for a rational person not to agree with their feelings on the subject. We see it happening in the U.S. as well.

https://www.youtube.com/watch?v=69wbxW6YEdQ

[r0ach]

Hey r0ach, are you a listener of Stefan Molyneux?

He's alright, but like most youtube people, they all seem to try and turn themselves into some type of cult figure or celebrity.  Usually people who just do print, people like "FSK", are better.  Here's an article he did in 2007 that sounds exactly like something a "Satoshi" would write right before creating bitcoin.  About midway through he describes bitcoin exactly in detail and this is in the year 2007:

http://fskrealityguide.blogspot.com/2007/09/agorist-philosophy-overview.html

He's even capable of being Satoshi since he's a programmer specializing in finance, but he later on claimed he hates bitcoin and it's just like fiat paper scams.

[Torque]

He's alright, but like most youtube people, they all seem to try and turn themselves into some type of cult figure or celebrity.  Usually people who just do print, people like "FSK", are better.  Here's an article he did in 2007 that sounds exactly like something a "Satoshi" would write right before creating bitcoin.  About midway through he describes bitcoin exactly in detail and this is in the year 2007:

http://fskrealityguide.blogspot.com/2007/09/agorist-philosophy-overview.html

He's even capable of being Satoshi since he's a programmer specializing in finance, but he later on claimed he hates bitcoin and it's just like fiat paper scams.

I don't think of Stefan as a cult figure, he's pretty humble in my opinion. You should watch that video.

As for the article you posted, yeah I've already read that years ago. Very much foreshadowing the future global economic state as well as the rise of Bitcoin. Also, I have no doubt that if the U.S. ever has a collapse of the dollar and/or hyperinflation, you will definitely see an agorist revolution if not all out French Revolution -style war.  The vast majority of Americans will not just roll over to a tyrannical government, and they are armed to the fkn teeth. They will not go down without a fight. Would make Venezuela look like paradise.

[TeeBone]

^^^Damn straight. Get as many firearms in the hands of private citizens is #1 priority. If you live in a gun-friendly state and dont own an arsenal, what ya waiting for ?

A bloody civil war or peaceful secession are the only 2 options at this point.

Gun control is why i hold little hope for Europe, castrated and weak with no hope of fighting back tyrant commies like Merkel.

[r0ach]

To clarify, I think it's probably unlikely bitcoin was made by a single person.  There's a few different clues like the early mining being done likely in an .edu or govt computer lab (MIT?)

#InPhysicalSilverWeTrust

[chopstick]

A bloody civil war or peaceful secession are the only 2 options at this point.

Yeah, it's either that or we let the Psychopaths in charge start a fucking nuclear war.

We can't let them do that.

[TeeBone]

Stamp gathering steam..

close the week above 2500, good sign.

[Torque]

To clarify, I think it's probably unlikely bitcoin was made by a single person.  There's a few different clues like the early mining being done likely in an .edu or govt computer lab.  

#InPhysicalSilverWeTrust

You'll probably snicker, but a while back I took some profits in bitcoin to buy some silver bars, and recently some gold coins. First gold and silver that I've owned that wasn't jewelry based. Somewhat pained me to do it though.

While I still hold most of my wealth in Bitcoin and still believe that it's the future of decentralized, deflationary currency/hedge against the debt-based fiat monetary system, I think it's prudent for everyone to own a little bit of PMs on the side as well for future insurance purposes. I see Bitcoin and PMs as complementary assets and not competing.

[eiskalt]

Hash Rate is picking up pace...

May the force be with you .




and every rose has its Thorne.

[JayJuanGee]

I like the idea of free speech! Thats more in keeping with Adams original thread.

Agreed, but it won't be unmoderated - the old one was and this will be.

Still, Meuh is far too heavy handed for me.  May the best fork win.

I will follow this for now...

Agreed. I believe we need a bare minimum of moderation. Adam was pretty much the perfect mod.
After having two posts deleted within the first 4 pages (one relevant to speculation, one not so much), I felt compelled to start a new thread.

This thread seems to be the closest to the spirit of the WO thread, so far, and so would likely be the closest to the WO thread in any kind of ongoing competition that might occur, or in the event that something negative happens to the 17k plus pages of WO thread.

Of course the original WO thread would be the best to preserve because it has th more than 4 year post history - except for that period of time when so many fucks were trying to be funny by deleting their posts in order to delay the inevitable surpassing of 10k pages... Remember?    We would post on page 9975 or something like that, and then come back the next day, and the page count would be 9942.  Silly fucks!!!

[JayJuanGee]

I am surprised that no one is discussing the stupid-ass Craig Wright speech in terms of effect on price or potential effect on price.

https://www.reddit.com/r/Bitcoin/comments/6kvb78/ver_doesnt_care_if_wright_is_a_fraud_or_not_as/

More or less, he seems to be suggesting that he is teaming up with various BU and anti-segwit proponents in order to hardfork bitcoin because he thinks that segwit is an inferior solution in terms of scaling and even security.

I am not trying to give him too much credit, and it is possible that his chiming in could have an inverse affect on price, because maybe in the end, the sooner and more ridiculous the proposed hardfork, the less likely it will be successful and the more likely that the seg wit version of bitcoin can move on with whatever remaining hashpower remains with such seg wit fork?

[Torque]

I am surprised that no one is discussing the stupid-ass Craig Wright speech in terms of effect on price or potential effect on price.

No one is discussing it because no one in the Bitcoin scene cares what that complete fraud has to say. Even if he wasn't going around claiming that he was Satoshi, he'd still be considered just another uninformed idiot.

[JayJuanGee]

I am surprised that no one is discussing the stupid-ass Craig Wright speech in terms of effect on price or potential effect on price.

No one is discussing it because no one in the Bitcoin scene cares what that complete fraud has to say. Even if he wasn't going around claiming that he was Satoshi, he'd still be considered just another uninformed idiot.

Maybe you are correct, but if you hear the surprise speech that he gave, he was surely talking as if his views of bitcoin were the absolute truth and suggesting in very strong terms that he had hashing power to potentially get 20% or more of the hashing power to fork off with him.

He does talk a lot of crazy talk, in his speech, yet I do understand that maybe the content of his assertions are just way too incredible for any serious market players to take seriously.

[Torque]

He does talk a lot of crazy talk, in his speech, yet I do understand that maybe the content of his assertions are just way too incredible for any serious market players to take seriously.

I fully believe that Craig Wright is one of those shills being paid by people who want impede Bitcoin's progress in the areas of SegWit, sidechains, maintained decentralization, experiential growth/adoption etc.. If not him, then there are certainly other shills who are likely being paid. Jihan Wu comes to mind.

Sure you can write that thought off as another conspiracy theory. But I have no doubt that the powers that be that would like to slow the adoption of Bitcoin in the public eye are getting desperate, now waging a 'social engineering' war that will continue ad infinitum. In lieu of hacks, exploits, media FUD, it's the easiest kind of war to wage against Bitcoin. It costs them next to nothing to do it, and if they can skew enough hearts and minds of the public away from Bitcoin and away from crypto in general then they ultimately win.

[infofront]

Here's a little write up regarding the plans of Craig Wright, Roger Ver, etc.:
https://hackernoon.com/nchain-in-the-brain-return-of-the-fake-satoshi-1415a8b07f04

[x2666]

Wall Observer forked into several chains. Disgusting, Bitcoin to follow.

[deepcolderwallet]

I like the idea of free speech! Thats more in keeping with Adams original thread.

For Adam!

Any thread where a post like this survives definitely has (so far) a light touch moderation.

So now I have to follow Marcus' thread and this one

Marcus is an asshole who wants the locked WO to be a closed elite club where only Hero Member and Legendary are able to post. His personality is no different from the cockroach's one.

[Icygreen]

Until a time when the old WO thread is sorted out, I'll second  this thread as the one I'd prefer to follow. I have a feeling that how we handle the thread fork will likely be similar in bitcoin.   

[TeeBone]

^^^Yes, sir....this WO is by far the most decentralized fork  

[JayJuanGee]

He does talk a lot of crazy talk, in his speech, yet I do understand that maybe the content of his assertions are just way too incredible for any serious market players to take seriously.

I fully believe that Craig Wright is one of those shills being paid by people who want impede Bitcoin's progress in the areas of SegWit, sidechains, maintained decentralization, experiential growth/adoption etc.. If not him, then there are certainly other shills who are likely being paid. Jihan Wu comes to mind.

Sure you can write that thought off as another conspiracy theory. But I have no doubt that the powers that be that would like to slow the adoption of Bitcoin in the public eye are getting desperate, now waging a 'social engineering' war that will continue ad infinitum. In lieu of hacks, exploits, media FUD, it's the easiest kind of war to wage against Bitcoin. It costs them next to nothing to do it, and if they can skew enough hearts and minds of the public away from Bitcoin and away from crypto in general then they ultimately win.

Actually, I agree with nearly the totality of this post.

I don't agree with you when you seem to be getting into numerology discussion and when you seem to be over simplifying the number of players in the bitcoin market and the affect of those players on price.

However, when you talk about certain folks either serving directly or indirectly as paid shills, that remains perfectly reasonable to me and in my thinking.

Actually, sometimes, there are kinds of relationships with mainstream financial players and governments that may not pay some of these goofballs, but they enable them in certain kinds of ways because their existence and their actions are serving the mainstream status quo institutions....   So, yeah, there can be a combination of paid and unpaid operative that are engaged in various attempts to disrupt the disruptors (namely disrupting and hoping to undermine or destroy one of their main decentralized, immutable and powerful threats - aka bitcoin).

[Bitcoinaire]

Hopefully we can break out and continue to climb higher. Once Aug 1st passes we should be ready.

[drbrockcoin]

Thought I would comment here to say so far this is the best WOC (Wall Observer Coin) and none or next to no moderation is the best way. If you are so affected by what people say because you dont agree with it or it offends you then being on a forum is not the place to be. And with regards to posts only being about Bitcoin I think that is a fair point BUT there is no reason why we cant have two main Walls. One such as this for every opinion and discussion including bitcoin/alts/racism/joking around and a technical analysis wall that is moderated to keep only Bitcoin discussion and analysis in the forum.

[mymenace]

Bitcoin against the bears, you cant touch this....






incoming pennant

[Last of the V8s]

Wall Observer Coin

lol and largely agreed

^ref your earlier discussion - how to get (back) into bitcoin - and the advice you were given - dollar cost averaging - thought this might amuse/interest you/all/some: http://trilema.com/2017/the-universal-plan-for-wealth/

my main takeaway for the purposes of this thread -
it's incredibly goddamn bullish - a kid scrapes together $20k worth of btc now ... puts in some not very hard work ... is a wealthy man in ... ?several years' time.
20k becomes what 200mil? in today's terms

i'd bet most of us want to believe roughly that sort of growth for the price, even if my definition of wealthy is an order of magnitude more than the next guy's

if we are right, then the dollar will decline so sharply at some - nearish-by - point
that dollar-cost averaging will no longer be a way in to bitcoin for the average working stiff

[leowonderful]

Wall Observer Coin

lol and largely agreed

^ref your earlier discussion - how to get (back) into bitcoin - and the advice you were given - dollar cost averaging - thought this might amuse/interest you/all/some: http://trilema.com/2017/the-universal-plan-for-wealth/

my main takeaway for the purposes of this thread -
it's incredibly goddamn bullish - a kid scrapes together $20k worth of btc now ... puts in some not very hard work ... is a wealthy man in ... ?several years' time.
20k becomes what 200mil? in today's terms

i'd bet most of us want to believe roughly that sort of growth for the price, even if my definition of wealthy is an order of magnitude more than the next guy's

if we are right, then the dollar will decline so sharply at some - nearish-by - point
that dollar-cost averaging will no longer be a way in to bitcoin for the average working stiff

That's actually going to be pretty good for Bitcoin if the dollar declines as it could actually be used for daily transactions, assuming SW and Lightning get implemented. Good thing I already have my foot in the door and don't buy as much as I used to.

[Le Happy Merchant]

I believe we are about to break up.

[micalith]

I believe we are about to break up.

http://imgur.com/a/13qZ4

we just broke up. No idea what the odds of it being a false breakout might be though

[FractalUniverse]

Its starting to look pretty bulish. Still needs to be confirmed by breaking 1 or 2 resistances above+perhaps retest, but it already looks like bears are running away from the fight

[NUFCrichard]

Its starting to look pretty bulish. Still needs to be confirmed by breaking 1 or 2 resistances above+perhaps retest, but it already looks like bears are running away from the fight

Up over 8% today, yes it looks quite bullish!
It has been in a corridor for a little while now, the price has been very volatile inside this $2200 to $2600 range, but it hasn't broken out for a while.

I think we might see a break out on the upside in the next day, then... ATH?

[LFC_Bitcoin]

Its starting to look pretty bulish. Still needs to be confirmed by breaking 1 or 2 resistances above+perhaps retest, but it already looks like bears are running away from the fight

Up over 8% today, yes it looks quite bullish!
It has been in a corridor for a little while now, the price has been very volatile inside this $2200 to $2600 range, but it hasn't broken out for a while.

I think we might see a break out on the upside in the next day, then... ATH?

I like your thinking, would be amazing if we could break upwards towards $3000. It's long over due.

[TeeBone]

Yesssss !

Poppin' wine bottles this week  

[HI-TEC99]

Its starting to look pretty bulish. Still needs to be confirmed by breaking 1 or 2 resistances above+perhaps retest, but it already looks like bears are running away from the fight

Up over 8% today, yes it looks quite bullish!
It has been in a corridor for a little while now, the price has been very volatile inside this $2200 to $2600 range, but it hasn't broken out for a while.

I think we might see a break out on the upside in the next day, then... ATH?

I like your thinking, would be amazing if we could break upwards towards $3000. It's long over due.

It was very close to $2600 at bitstamp earlier on, and it will take buying less than 300 coins to get there. If we can get above $2600 and stay above it for a few days then maybe the dip is over and a break out to $3000 could be possible. I'll keep an open mind though, I still think it could continue range bound for another few weeks.

[DonQuijote]

Are there only 2? moderated and unmoderated?

[HI-TEC99]

Are there only 2? moderated and unmoderated?

No, there's four that I know of besides the original. Unmoderated, Phoenix Revision, Anarchy, and Reloaded. There could also be a few more I missed. Phoenix Revision and Anarchy are moderated, the other two aren't. Anarchy has 'light touch' moderation, and Phoenix Revision is stricter.

Wall Observer: BTC/USD Price Tracking and Discussion 2.0 (Unmoderated)


WALL Observer : BTC/USD price tracking and discussion (Phoenix Revision)


Wall Observer BTC/USD - Bitcoin price tracking&discussion (Anarchy)


Wall Observer Reloaded - Bitcoin price tracking & discussion

[Icygreen]

Geez, if that's what the Bitcoin forum does in a fork, what can we expect of bitcoin? Voting for pulling our shit together in the forums! (short term forecast)
Just now dipping back below the downward trend line. Still not feeling the pulse.

[TeeBone]

Backtesting a broken trendline is very normal. Think we're starting our next leg up..

[drbrockcoin]

Wall Observer Coin

lol and largely agreed

^ref your earlier discussion - how to get (back) into bitcoin - and the advice you were given - dollar cost averaging - thought this might amuse/interest you/all/some: http://trilema.com/2017/the-universal-plan-for-wealth/

my main takeaway for the purposes of this thread -
it's incredibly goddamn bullish - a kid scrapes together $20k worth of btc now ... puts in some not very hard work ... is a wealthy man in ... ?several years' time.
20k becomes what 200mil? in today's terms

i'd bet most of us want to believe roughly that sort of growth for the price, even if my definition of wealthy is an order of magnitude more than the next guy's

if we are right, then the dollar will decline so sharply at some - nearish-by - point
that dollar-cost averaging will no longer be a way in to bitcoin for the average working stiff

That's actually going to be pretty good for Bitcoin if the dollar declines as it could actually be used for daily transactions, assuming SW and Lightning get implemented. Good thing I already have my foot in the door and don't buy as much as I used to.

Good read V8. Funnily enough I actually own a house in the UK (but currently living in the Philippines) which I have been recently thinking should I sell and invest some of the proceeds into bitcoin. I get a steady rent income from it sure but that is not as much as returns I would get from BTC. Problem is it is a lenghy process of selling a house in the UK but with current house prices I should come out with £130,000 should I decide to sell. Of that my plan would be keep £100,000 in various banks as I$I$Coins in case house prices collapse so that I can buy property back, use 10,000 as living expenses for a year or so here in Asia and invest 20,000 in cryptos (mainly BTC for long term HODL) and maybe 5k for trading with.

Anyway its something I got to think about seriously.

[savetherainforest]

Wall Observer Coin

lol and largely agreed

^ref your earlier discussion - how to get (back) into bitcoin - and the advice you were given - dollar cost averaging - thought this might amuse/interest you/all/some: http://trilema.com/2017/the-universal-plan-for-wealth/

my main takeaway for the purposes of this thread -
it's incredibly goddamn bullish - a kid scrapes together $20k worth of btc now ... puts in some not very hard work ... is a wealthy man in ... ?several years' time.
20k becomes what 200mil? in today's terms

i'd bet most of us want to believe roughly that sort of growth for the price, even if my definition of wealthy is an order of magnitude more than the next guy's

if we are right, then the dollar will decline so sharply at some - nearish-by - point
that dollar-cost averaging will no longer be a way in to bitcoin for the average working stiff

That's actually going to be pretty good for Bitcoin if the dollar declines as it could actually be used for daily transactions, assuming SW and Lightning get implemented. Good thing I already have my foot in the door and don't buy as much as I used to.

Good read V8. Funnily enough I actually own a house in the UK (but currently living in the Philippines) which I have been recently thinking should I sell and invest some of the proceeds into bitcoin. I get a steady rent income from it sure but that is not as much as returns I would get from BTC. Problem is it is a lenghy process of selling a house in the UK but with current house prices I should come out with £130,000 should I decide to sell. Of that my plan would be keep £100,000 in various banks as I$I$Coins in case house prices collapse so that I can buy property back, use 10,000 as living expenses for a year or so here in Asia and invest 20,000 in cryptos (mainly BTC for long term HODL) and maybe 5k for trading with.

Anyway its something I got to think about seriously.

As long as your house in the UK produces nothing. Its just useless!

[machasm]

Wall Observer Coin

lol and largely agreed

^ref your earlier discussion - how to get (back) into bitcoin - and the advice you were given - dollar cost averaging - thought this might amuse/interest you/all/some: http://trilema.com/2017/the-universal-plan-for-wealth/

my main takeaway for the purposes of this thread -
it's incredibly goddamn bullish - a kid scrapes together $20k worth of btc now ... puts in some not very hard work ... is a wealthy man in ... ?several years' time.
20k becomes what 200mil? in today's terms

i'd bet most of us want to believe roughly that sort of growth for the price, even if my definition of wealthy is an order of magnitude more than the next guy's

if we are right, then the dollar will decline so sharply at some - nearish-by - point
that dollar-cost averaging will no longer be a way in to bitcoin for the average working stiff

That's actually going to be pretty good for Bitcoin if the dollar declines as it could actually be used for daily transactions, assuming SW and Lightning get implemented. Good thing I already have my foot in the door and don't buy as much as I used to.

Good read V8. Funnily enough I actually own a house in the UK (but currently living in the Philippines) which I have been recently thinking should I sell and invest some of the proceeds into bitcoin. I get a steady rent income from it sure but that is not as much as returns I would get from BTC. Problem is it is a lenghy process of selling a house in the UK but with current house prices I should come out with £130,000 should I decide to sell. Of that my plan would be keep £100,000 in various banks as I$I$Coins in case house prices collapse so that I can buy property back, use 10,000 as living expenses for a year or so here in Asia and invest 20,000 in cryptos (mainly BTC for long term HODL) and maybe 5k for trading with.

Anyway its something I got to think about seriously.

I love BTC and have what I believe to be a nice healthy stash. However, to suggest that the property market might crash seems a little bit optimistic to me. I also live in the U.K. And had a property that I sold sometime back and now wish I had held on to it since it value has since tripled from when I sold it. Everyone needs a place to live so I believe that there will always be a demand for property. Only scenario I envisage where property wont be needed is if there is a mass exodus from said country and I just can't see that happening in the U.K. Within the immediate future anyway.
Returns are, for the moment anyway, far better in BTC but the volatility of it makes me quite nervous at times.
Anyway, best of luck whatever you decide and it will be interesting to see how it all pans out.

[ShroomsKit_Disgrace]

broken triangle upwards means bullish AF...doesnt it?

[rjclarke2000]

broken triangle upwards means bullish AF...doesnt it?

Looks to me like it's creeping back down but then again wtf do I know.

[silverfuture]

The rally doesn't have a lot of steam. There is a LOT of uncertainty at this point for most and volumes seem to be lackluster. I think it's highly possible we'll at least test 2000 USD again before resuming up. I could be wrong (duh) but I'm waiting until there are clear signals before going all btc again.

[JayJuanGee]

The rally doesn't have a lot of steam. There is a LOT of uncertainty at this point for most and volumes seem to be lackluster. I think it's highly possible we'll at least test 2000 USD again before resuming up. I could be wrong (duh) but I'm waiting until there are clear signals before going all btc again.

I take any kind of technical analysis with a grain of salt, but it can be incorporated into considerations.

I remain of the position that the current flat range of BTC prices is quite broad, between about $2,350 and $2,700 - so we need not get too excited, unless we see prices getting close to those upper or lower limits or breaching such.

I understand that TA principles would frame the matter in terms of triangles, narrowing trading ranges and bolinger bands, blah blah blah.. yet at the same time, I don't really consider those frameworks to be adequate in order to describe what seems to be our current broad price range... and right now, as I type we have bouncing between about $2600 and $2640, so we are towards the upper ends of that price range, for whatever that is worth.

If we break upwards, out of the $2350 to $2700 range, then we will likely be next testing $3k resistance.. If we break downwards, out of the range, then $2k seems to be reasonably within the reach of testing of support.. though it could be tough to get below $2150  - without some kind of fuck up in the scaling debate or some thing like that, whether FUD, posturing or some other related matter.

[Bitcoinaire]

We did break out of that triangle nicely, but Aug 1 looms over us.

[savetherainforest]

We did break out of that triangle nicely, but Aug 1 looms over us.

I don't care... I will support both of them!!! ... I will always keep a full node open for the older version just to spite the new initiative!

I'm not sure... but I think I'm against the split. Just because I know being able to update the new version forces the people with older versions to get screwed into accenting what the devs are doing/writing... so... if someone can put pressure, blackmail or make them somehow to write bad code... well then sh!t... everyone will go back to the previous chaotic version!


*edit(0):

broken triangle upwards means bullish AF...doesnt it?

Yes and no...

Yes. Because it is inevitable and any kind of pressure, and even just a small push can make the price go up in the circumstances that the pressure of diminishing returns/coins that flood the market.

No. Because the concept of "communism" needs to be a self or mutual assured agreement between traders that everyone has skin in the game and there is no way but UP! But if small rabits / goats just escape the fence and start pumping without the consensus of the rest of the traders... then that escaped goat need to have a good pull behind his/her back to give the impression that there is some sort of consensus.

[Torque]

I read this and was not shocked in the least:

https://bravenewcoin.com/news/fourth-largest-bitcoin-exchange-bithumb-hacked-for-billions-of-won/

As soon as the Ethereum (delirium?) craze swept through South Korea and Bithumb popped up virtually overnight, commanding something like 45% of the total ETH trading, I distinctly remember my first thought at the time was "Bithumb is brand new... it will no doubt get hacked, likely by an inside job."

And sure enough it did.

[BlindMayorBitcorn]

I read this and was not shocked in the least:

https://bravenewcoin.com/news/fourth-largest-bitcoin-exchange-bithumb-hacked-for-billions-of-won/

As soon as the Ethereum (delirium?) craze swept through South Korea and Bithumb popped up virtually overnight, commanding something like 45% of the total ETH trading, I distinctly remember my first thought at the time was "Bithumb is brand new... it will no doubt get hacked, likely by an inside job."

And sure enough it did.

You should take a look-see around r/ethtrader just for kicks. Not only are they falling for all the old scams, they're recycling all the old memes. It's surreal.

[rjclarke2000]

Did they use the 280 road runner one? The one where the cliff gets blasted?

Edit. Gif that is.

[BlindMayorBitcorn]

Did they use the 280 road runner one? The one where the cliff gets blasted?

Edit. Gif that is.

I think that was made special just for us. 

[Torque]

You should take a look-see around r/ethtrader just for kicks. Not only are they falling for all the old scams, they're recycling all the old memes. It's surreal.

Yeah I noticed that too. That community also has no idea that the majority of the cheerleading posts, good news posts, comedic posts, and "chin up" posts are posted by nefarious troll traders that are using social engineering tactics to manipulate that community to continue to either a) stay invested: hodl or b) double down on every dip, even if the trend is moving down. They have no idea just how far the price can fall over a longer stretch of time.

I have seen the same scam tactics used in other altcoin reddit pages and alt forums as well. Everyone believes that their special snowflake that they've put money into is truly special and will completely dethrone Bitcoin one day. At least they believe that until the price has finally fallen far enough, over a long enough period of time, that they have to accept the reality that it was all just a shared delusion.

The human brain has an incredible capacity to rationalize an otherwise irrational/illogical position, especially if it has real money behind it, and will consume any bias information that supports that position and reject any other that doesn't. The confirmation bias is strong in Altlandia.

[machasm]

You should take a look-see around r/ethtrader just for kicks. Not only are they falling for all the old scams, they're recycling all the old memes. It's surreal.

Yeah I noticed that too. That community also has no idea that the majority of the cheerleading posts, good news posts, comedic posts, and "chin up" posts are posted by nefarious troll traders that are using social engineering tactics to manipulate that community to continue to either a) stay invested: hodl or b) double down on every dip, even if the trend is moving down. They have no idea just how far the price can fall over a longer stretch of time.

I have seen the same scam tactics used in other altcoin reddit pages and alt forums as well. Everyone believes that their special snowflake that they've put money into is truly special and will completely dethrone Bitcoin one day. At least they believe that until the price has finally fallen far enough, over a long enough period of time, that they have to accept the reality that it was all just a shared delusion.

The human brain has an incredible capacity to rationalize an otherwise irrational/illogical position, especially if it has real money behind it, and will consume any bias information that supports that position and reject any other that doesn't.

Couldn't the same be said of Bitcoin holders though? I am an avid BTC holder myself.

[Torque]

Couldn't the same be said of Bitcoin holders though? I am an avid BTC holder myself.

Yes it could. But Bitcoin is not a mere 2 years old and price moonshot from $0.50 to $400 virtually overnight. It took years and years to build a devoted following of firm believers (holders, users, merchants). Bitcoin also has all of the core fundamental attributes of sound money (eg, not-premined, fair launch, capped, deflationary, POW mining, secure, etc.) that many of the other cryptocurrencies and tokens do not have.

Why anyone would support a cryptocurrency that lacks even some of the fundamental attributes of sound money to begin with is beyond me. That to me is rationalizing something irrational/illogical due to simply a rising price.

Simply having a rising price != sound money, nor does it mean or imply greater adoption in the future. Greater adoption over a longer timeline (decades) requires belief, and belief first requires firm attributes of sound money, which is the platform infrastructure on which belief is built. This forms a 'belief feedback loop' that builds with exponentially more and more people over time.

Gold and Silver went through the same process, the belief started somewhere with just a few people, and then eventually over hundreds and thousands of years formed the "shared hallucination of belief" that all of mankind have today that Gold and Silver are indeed valuable as money.

This will also happen with Bitcoin over time. The other cryptos will fall away into irrelevance or merely viewed as PnD penny stock like crap that no one will have any long term belief in.

[TERA]

Bitcoin has never continued rallying after a down week but if this was anything else I would say it was on its way to $5000

[silverfuture]

Well said Torque. The ones who cannot make those important distinctions in the fundamentals of money will make the difference between winners and losers in the coming years as they have over the last eight. There is a world of difference even though they are under the umbrella of "cryptocurrency".

[bitebits]

Following because of being unmoderated, good choice OP.

[Torque]

There is a world of difference even though they are under the umbrella of "cryptocurrency".

Thanks and yeah, I can't even believe that some of these so-called coins can be spoken of in the same breath as "cryptocurrency", at least as to how Satoshi defined/outlined Bitcoin as such. It was certainly never defined as "buying a token whose sole purpose to exist and have value is to crowdfund a bunch of start up developers to build an app that may go nowhere."

Of course none of these newbs even bother to read the Satoshi whitepaper, nor study their monetary history. So I guess they will reap what they sow.

Especially these ICO scam 'tokens', yeesh. If Satoshi were dead then he is probably rolling over in his grave right now.

[eiskalt]

Bitcoin has never continued rallying after a down week but if this was anything else I would say it was on its way to $5000

My favorite chart indicator is clearly showing green.




Get the Lite to the Moon!!

[deepcolderwallet]

I read this and was not shocked in the least:

https://bravenewcoin.com/news/fourth-largest-bitcoin-exchange-bithumb-hacked-for-billions-of-won/

As soon as the Ethereum (delirium?) craze swept through South Korea and Bithumb popped up virtually overnight, commanding something like 45% of the total ETH trading, I distinctly remember my first thought at the time was "Bithumb is brand new... it will no doubt get hacked, likely by an inside job."

And sure enough it did.

Nice to see you around, Sir.

[savetherainforest]

Never believed in ETH... and never will. I'm sceptical AF!!!

Couldn't the same be said of Bitcoin holders though? I am an avid BTC holder myself.

Yes it could. But Bitcoin is not a mere 2 years old and price moonshot from $0.50 to $400 virtually overnight. It took years and years to build a devoted following of firm believers (holders, users, merchants). Bitcoin also has all of the core fundamental attributes of sound money (eg, not-premined, fair launch, capped, deflationary, POW mining, secure, etc.) that many of the other cryptocurrencies and tokens do not have.

Why anyone would support a cryptocurrency that lacks even some of the fundamental attributes of sound money to begin with is beyond me. That to me is rationalizing something irrational/illogical due to simply a rising price.

Simply having a rising price != sound money, nor does it mean or imply greater adoption in the future. Greater adoption over a longer timeline (decades) requires belief, and belief first requires firm attributes of sound money, which is the platform infrastructure on which belief is built. This forms a 'belief feedback loop' that builds with exponentially more and more people over time.

Gold and Silver went through the same process, the belief started somewhere with just a few people, and then eventually over hundreds and thousands of years formed the "shared hallucination" that all of mankind have today that Gold and Silver are valuable.

This will also happen with Bitcoin over time. The other cryptos will fall away into irrelevance or merely PnD penny stock like crap that no one will have any long term belief in.

Oh... what??... I heard some weird clunky scratchy noises on the floor!!! .. Hmmm... I think the r0ach police is coming to install some distrust in your theory!!! ... Run... the precious metal police is coming!!

[yefi]

I love BTC and have what I believe to be a nice healthy stash. However, to suggest that the property market might crash seems a little bit optimistic to me. I also live in the U.K. And had a property that I sold sometime back and now wish I had held on to it since it value has since tripled from when I sold it. Everyone needs a place to live so I believe that there will always be a demand for property. Only scenario I envisage where property wont be needed is if there is a mass exodus from said country and I just can't see that happening in the U.K. Within the immediate future anyway.
Returns are, for the moment anyway, far better in BTC but the volatility of it makes me quite nervous at times.
Anyway, best of luck whatever you decide and it will be interesting to see how it all pans out.

Demand by itself doesn't mean much if you can't afford something. If there were a credit crunch, prices would drop, as few can afford a house without a mortgage.

Get the Lite to the Moon!!

Gotta say, the chikun is the most interesting thing I've seen for a month.

[Chef Ramsay]

The most bullish thing going right now is litecoin, and it will continue to move up and outpace bitcoin's upward advance. I see bitcoin going into mid to high $4K either later this month or early next. Then correct and do another ATH in September. 5 digits sometime after the New Year. This upcoming RMBcoin out of China will likely come out later next yr or early 2019 and will drive bitcoin to $30K-$60K and beyond as it will need to be purchased w/ bitcoin. Might drive us into 6 figures, just sayin.

[JayJuanGee]

The most bullish thing going right now is litecoin, and it will continue to move up and outpace bitcoin's upward advance. I see bitcoin going into mid to high $4K either later this month or early next. Then correct and do another ATH in September. 5 digits sometime after the New Year. This upcoming RMBcoin out of China will likely come out later next yr or early 2019 and will drive bitcoin to $30K-$60K and beyond as it will need to be purchased w/ bitcoin. Might drive us into 6 figures, just sayin.

That sounds really strange if a government coin would require bitcoin to be acquired.

Do you have a link to reference that?

Anyone?

[infofront]

The most bullish thing going right now is litecoin, and it will continue to move up and outpace bitcoin's upward advance. I see bitcoin going into mid to high $4K either later this month or early next. Then correct and do another ATH in September. 5 digits sometime after the New Year. This upcoming RMBcoin out of China will likely come out later next yr or early 2019 and will drive bitcoin to $30K-$60K and beyond as it will need to be purchased w/ bitcoin. Might drive us into 6 figures, just sayin.

That sounds really strange if a government coin would require bitcoin to be acquired.

Do you have a link to reference that?

Anyone?

It seems to me that the point of a government coin would be to keep people away from Bitcoin.

[infofront]

[JayJuanGee]

The most bullish thing going right now is litecoin, and it will continue to move up and outpace bitcoin's upward advance. I see bitcoin going into mid to high $4K either later this month or early next. Then correct and do another ATH in September. 5 digits sometime after the New Year. This upcoming RMBcoin out of China will likely come out later next yr or early 2019 and will drive bitcoin to $30K-$60K and beyond as it will need to be purchased w/ bitcoin. Might drive us into 6 figures, just sayin.

That sounds really strange if a government coin would require bitcoin to be acquired.

Do you have a link to reference that?

Anyone?

It seems to me that the point of a government coin would be to keep people away from Bitcoin.

More or less, that's what I am saying. 

It seems that governments don't quite know what to do with bitcoin, yet I don't know because there are some governments that are appearing to be more receptive to bitcoin than others, for example Japan or the Isle of Mann.

It could be possible that in China, there is a bit of ambiguity regarding how to approach bitcoin, and even one part of government does not approach the matter in the same kind of way as another part of the government - which seems to happen within the various governmental entities in the USA, where one agency says it is a currency and another agency says its an asset.. and just some passive aggressive hostilities, too.

Anyhow, given some of China's seemingly historical hostilities towards aspects of bitcoin including going after miners, going after exchanges and even some seemingly heavy handed concerns about capital controls, I have difficulties wrapping my head around some kind of system in China that would contemplate some kind of harmonic interplay between a government issued currency and bitcoin...

[r0ach]

Never believed in ETH... and never will. I'm sceptical AF!!!

Couldn't the same be said of Bitcoin holders though? I am an avid BTC holder myself.

Yes it could. But Bitcoin is not a mere 2 years old and price moonshot from $0.50 to $400 virtually overnight. It took years and years to build a devoted following of firm believers (holders, users, merchants). Bitcoin also has all of the core fundamental attributes of sound money (eg, not-premined, fair launch, capped, deflationary, POW mining, secure, etc.) that many of the other cryptocurrencies and tokens do not have.

Why anyone would support a cryptocurrency that lacks even some of the fundamental attributes of sound money to begin with is beyond me. That to me is rationalizing something irrational/illogical due to simply a rising price.

Simply having a rising price != sound money, nor does it mean or imply greater adoption in the future. Greater adoption over a longer timeline (decades) requires belief, and belief first requires firm attributes of sound money, which is the platform infrastructure on which belief is built. This forms a 'belief feedback loop' that builds with exponentially more and more people over time.

Gold and Silver went through the same process, the belief started somewhere with just a few people, and then eventually over hundreds and thousands of years formed the "shared hallucination" that all of mankind have today that Gold and Silver are valuable.

This will also happen with Bitcoin over time. The other cryptos will fall away into irrelevance or merely PnD penny stock like crap that no one will have any long term belief in.

Oh... what??... I heard some weird clunky scratchy noises on the floor!!! .. Hmmm... I think the r0ach police is coming to install some distrust in your theory!!! ... Run... the precious metal police is coming!!

Noble metals aren't money by coincidence or mass hallucination, they're money because the most ideal form of money would be a metastable object 100% convertable to energy like a block of energy from the transformers.  Since humans don't have things like that, and it's difficult to transfer buckets of oil around without inducing high counter party risk, the next best thing is a durable, scarce, fungible, portable form of matter because getting rid of counter party risk is an even higher importance than convertibility to energy, and matter is a representation of energy anyway.  

Out of all the forms of matter on the planet, to connect the past to future in a constant ledger it has to be very durable to transfer generational wealth, so a noble metal generally had to be used over something like...wood.  Gold doesn't react to oxygen so it immediately became the #1 candidate as money due to it's stability, but gold alone isn't enough to get rid of counter party risk, so silver is generally always used with it. Even copper will be used to increase granularity further under a full metal standard.

As for bitcoin, it's a currency, not money, and does not have the traits to defeat noble metals as the base of Exter's pyramid such as...I don't know...not even existing in the first place except in your imagination.

[Torque]

Noble metals aren't money by coincidence or mass hallucination, they're money because the most ideal form of money would be a metastable object 100% convertable to energy like a block of energy from the transformers.  Since humans don't have things like that, and it's difficult to transfer buckets of oil around without inducing high counter party risk, the next best thing is a durable, scarce, fungible, portable form of matter because getting rid of counter party risk is an even higher importance than convertibility to energy, and matter is a representation of energy anyway.  

The first few humans on this earth weren't "evaluating" a bunch of shiny metal rocks dug out of the ground based on your reasoning above. They literally just thought they were pretty, and also noticed they were rare. They also found that they could melt them down and make baubles and jewelry with them. So they decided to start bartering with them.

The mass hallucination of belief in PMs having value storage merely developed from there. Over time Gold and Silver came to be associated with gods and wealth. Their value to mankind grew, but the value process took hundreds and thousands of years to develop and reinforce.  Now people think PMs have their monetary value "because my dad and my great Grandpa thought so" or "because Banks, Governments, and Sovereign Countries think so". Hence the self-reinforcing belief feedback loop that I spoke of.

It won't take Bitcoin nearly that long. In a decade, people will already be saying that Bitcoin has value "because it has been around and valuable for 20 years" or "because my dad/mom thought so" or "because [wealthy people/banks/countries] think so".

[savetherainforest]

Noble metals aren't money by coincidence or mass hallucination, they're money because the most ideal form of money would be a metastable object 100% convertable to energy like a block of energy from the transformers.  Since humans don't have things like that, and it's difficult to transfer buckets of oil around without inducing high counter party risk, the next best thing is a durable, scarce, fungible, portable form of matter because getting rid of counter party risk is an even higher importance than convertibility to energy, and matter is a representation of energy anyway.  

The first few humans on this earth weren't "evaluating" a bunch of shiny metal rocks dug out of the ground based on your reasoning above. They literally thought they were pretty, and also noticed they were rare. So they decided to start bartering with them.

The mass hallucination of belief in PMs having value storage merely developed from there. Over time the noble metals came to be associated with gods and wealth. Their value to mankind grew, but the value process tooks hundreds and thousands of years to develop and reinforce.  Now people think PMs have their monetary value "because my dad and my great Grandpa thought so" or "because Banks, Governments, and Sovereign Countries think so". Hence the self-reinforcing belief feedback loop that I spoke of.

It won't take Bitcoin nearly that long.

His problem is the fact that he thinks that there won't be created some more robots or some country won't decide to go all apesh!t on their mountains and flood the market with gold & silver.  And if technology will go supersonic in its evolution... well sh!t... then we have at least 20 planets to mine in our Solar System... like for example some of the moons of Jupiter or Saturn are the same size of Mars. So wtf are we talking here about?? A store of value for 5-10 years maximum then it will go down to sh!t again??

[yefi]

Theymos has thrown up a poll now for who should be in charge of the original WO thread. Place your votes:

https://bitcointalk.org/index.php?topic=2004227.0

[Torque]

Good ol' MSM, keeping up the negative image pressure and fear spreading on cryptocurrency:

http://www.businessinsider.com/south-korean-bitcoin-exchange-bithumb-hacked-ethereum-2017-7

Here's some choice excerpts:

"Some Bithumb users were reportedly victims of 'phishing,' where someone phoned them up saying they worked for Bithumb and scammed them out of funds."

"The incident underscores the fact that it is not just investors and digital currency enthusiasts who are excited by the current surge of interest in cryptocurrencies. Criminals are also eyeing up businesses that hold bitcoin and its sister currencies, and no-one can promise absolute security."


The MSM just refuse to ever print anything positive about Bitcoin/crypto unless it's talk about a price rally. Even then, the articles are always full of negatives, and usually end with a negative.

[Last of the V8s]

^from same fishwrap http://www.businessinsider.com/ap-grenades-ammo-stolen-in-daring-raid-at-portugal-army-depot-2017-6?r=UK&IR=T
via @TheFewBlog
Fellows seem to be stocking up on toys.
This is good news for bitcoin.

[infofront]

Sounds like some of those Syrian refugees have been taking advantage of Portugal's hospitality.

[JimboToronto]

Good morning Bitcoinland.

It seems our sideways coiling consolidation is continuing... currently $2587USD (Bitcoinaverage). Summer doldrums?
______

After a fairly good start, the phoenix thread appears to be losing traction (due to excessive moderating) while this thread seems to be growing.

I guess I'll be posting here until Theymos figures out what to do with the old Wall Observer.

I was under the impression that the reason the old WO thread was locked was that Adam wasn't able to self-moderate and it was becoming a pain for the global moderators. I thought that a totally unmoderated thread would be killed quickly but they seem to be leaving this one alone.

Maybe it's just because they're waiting to see what happens with the old one. Everyone voted yet? (https://bitcointalk.org/index.php?topic=2004227.0)

[Biro Bob]

Theymos has thrown up a poll now for who should be in charge of the original WO thread. Place your votes:

https://bitcointalk.org/index.php?topic=2004227.0

I'm happy to carry on using this one.

** Edit: I don't see why we need to be moderated or moved to the off-topic section. The Wall Observer thread is well known for it's off topic and off the wall comments. It also well known as the most viewed and posted thread in  the Speculation section (and possibly the entire forum).

The title says (Unmoderated) - Most people seem to like it. If anyone finds that hard to accept, then let them post in a different thread.

[Meuh6879]

Maybe it's just because they're waiting to see what happens with the old one.

Agree. 

[Syke]

It seems our sideways coiling consolidation is continuing... currently $2587USD (Bitcoinaverage). Summer doldrums?

~2600 is a pretty nice place to consolidate.

[snipie]

It seems our sideways coiling consolidation is continuing... currently $2587USD (Bitcoinaverage). Summer doldrums?

~2600 is a pretty nice place to consolidate.

$2600 is a good consolidating level however the price was doing very well few weeks ago with a huge rising every day. We kind lost the previous rally, hope to see another one after this a little long consolidation 

[Last of the V8s]

https://twitter.com/Beautyon_/status/882520743560589312
@Beautyon_ 9h9 hours ago
Operation "Autism Storm" and UASF are two fronts in a culture war. MSM liars and Bankster Statists vs everyone. Something BIG is coming.



sorry, bored. things pretty bullish on twatter, though

[yefi]

I'm happy to carry on using this one.

** Edit: I don't see why we need to be moderated or moved to the off-topic section. The Wall Observer thread is well known for it's off topic and off the wall comments. It also well known as the most viewed and posted thread in  the Speculation section (and possibly the entire forum).

The title says (Unmoderated) - Most people seem to like it. If anyone finds that hard to accept, then let them post in a different thread.

There's probably been a temporary relaxing of the rules towards these threads until the original one is restored. Without any explicit grant of immunity from Theymos, you definitely shouldn't assume this thread has a future.

Also, you pretty much have what you're asking for if you voted for one of the guys who promises light-touch moderation - I mean infofront is one of the freaking candidates.

[BlindMayorBitcorn]

If Lauda wins this thing I won't go near it. 

[savetherainforest]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

[BlindMayorBitcorn]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

He was staff before turning to a life of crime. Maybe Theymos has a record of his socks.

[JayJuanGee]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

He was staff before turning to a life of crime. Maybe Theymos has a record of his socks.

hahahahaha..

Better to be feared than loved.

There are several good candidates in the running - and probably any one of them would be acceptable and relatively tolerant to preserve the thread's seemingly laissez faire culture and history..

It is one thing talking in theory about no moderation or that someone is a tyrant... but when push comes to shove, it is likely that some posts need to be deleted to facilitate participation - at least in the shill account arena .. and also possibly in the arena that seems to be a pattern of purposefully spreading disinformation and/or seeming to purposefully engage in a means that diverts from the topic with a kind of ongoing trolling that also may have a tendency to purposefully and knowingly spread FUD.. ..

tough to figure out the line, exactly.. and maybe sometimes moderators go too far - but hopefully we end up getting a moderator who is tolerant and errors on the side of allowing post unless they are really obvious in the troll/shill category.

[BlindMayorBitcorn]

He's deleted hundreds of my posts already, and I swear no less than half a dozen of those were pure gold.

[yefi]

hahahahaha..

Better to be feared than loved.

There are several good candidates in the running - and probably any one of them would be acceptable and relatively tolerant to preserve the thread's seemingly laissez faire culture and history..

It is one thing talking in theory about no moderation or that someone is a tyrant... but when push comes to shove, it is likely that some posts need to be deleted to facilitate participation - at least in the shill account arena .. and also possibly in the arena that seems to be a pattern of purposefully spreading disinformation and/or seeming to purposefully engage in a means that diverts from the topic with a kind of ongoing trolling that also may have a tendency to purposefully and knowingly spread FUD.. ..

tough to figure out the line, exactly.. and maybe sometimes moderators go too far - but hopefully we end up getting a moderator who is tolerant and errors on the side of allowing post unless they are really obvious in the troll/shill category.

Yeah, some amount of moderation is unavoidable I think otherwise some bright spark is bound to flood it with countless pages of random characters.

As for Lauda, he is a controversial figure. He was booted from the mod team after being involved in extortion on the forum. This is not the background I personally want for somebody who's modding the Wall thread.

[Last of the V8s]

He's deleted hundreds of my posts already, and I swear no less than half a dozen of those were pure gold.

So she is an alt account of r0ach's ?

[JayJuanGee]

He's deleted hundreds of my posts already, and I swear no less than half a dozen of those were pure gold.

I don't know if Lauda is a he or a she...

Didn't some people say that he is a she? 

It does not matter too much about the s/he thingie ma jiggie... ..

s/he deleted some of my posts too, and I understand that over-moderation can be a bit uncomfortable - especially when some of the deletions seem to be unjustified.. relatively speaking.

[JayJuanGee]

hahahahaha..

Better to be feared than loved.

There are several good candidates in the running - and probably any one of them would be acceptable and relatively tolerant to preserve the thread's seemingly laissez faire culture and history..

It is one thing talking in theory about no moderation or that someone is a tyrant... but when push comes to shove, it is likely that some posts need to be deleted to facilitate participation - at least in the shill account arena .. and also possibly in the arena that seems to be a pattern of purposefully spreading disinformation and/or seeming to purposefully engage in a means that diverts from the topic with a kind of ongoing trolling that also may have a tendency to purposefully and knowingly spread FUD.. ..

tough to figure out the line, exactly.. and maybe sometimes moderators go too far - but hopefully we end up getting a moderator who is tolerant and errors on the side of allowing post unless they are really obvious in the troll/shill category.

Yeah, some amount of moderation is unavoidable I think otherwise some bright spark is bound to flood it with countless pages of random characters.

As for Lauda, he is a controversial figure. He was booted from the mod team after being involved in extortion on the forum. This is not the background I personally want for somebody who's modding the Wall thread.

If true, then I can understand your point, for sure. 

In some sense, we do not really want baggage in a mod, even though lots of folks have baggage.. but surely extortion related baggage should be something that Theymos may consider as problematic - in terms of assignment in the first place, no?  Especially if theymos knows more of the details of the situation... ,

Well, in the end, it appears that all of our votes will be known after the fact, too... and we can change our votes, too.. so surely I am not opposed to any last minute campaigning, either.. 

[bitebits]

[...] The MSM just refuse to ever print anything positive about Bitcoin/crypto unless it's talk about a price rally. Even then, the articles are always full of negatives, and usually end with a negative.

I know, it is painful. More in general when you know a little about a certain subject, you notice the news articles to be often incomplete, one sided or just incorrect. Nothing much you can do but try to keep thinking independently and get your news from at least multiple sources.

The good part I guess is that it showes we are still in an early phase if you ask me. Once the MSM is screaming Bitcoin, blockchain, hypecoin is the next hip thing to get involved in, I would get nervous.


@Jimbo: Six new ATM's in Toronto. I read that the Instacoin ATMs are anonymous, and some are two-way. Any experience?
https://www.instacoinatm.com/bitcoin-toronto-en.html

[rjclarke2000]

Hey JJG, we all know who deletes my posts don't we now!! I'll give you a clue, it's not OP of this WO Thread!

[JayJuanGee]

Hey JJG, we all know who deletes my posts don't we now!! I'll give you a clue, it's not OP of this WO Thread!

hahahaha

Fair enough.

Do you think that any mod of such a popular and troll laden thread, such as the historical and hysterical WO thread, could get away without deleting any posts at all?

I understand that several of us are known entities, so few of our posts should get deleted, unless they are a complete bat shit loss of boundaries.

I guess what I am saying is that if the thread is filled with 70% or more trolling shills, then aren't those troll posts going to distract from any kind of meaningful participation about the main topic of our interest, which is largely (but not totally) topics related to BTC/USD price dynamics?

[r0ach]

Now people think PMs have their monetary value "because my dad and my great Grandpa thought so

Like I told the Syscoin dev:

Gold is a weaker form of money than crypto.

You need to stop flat out lying.  It's completely impossible for you to not know bitcoin has solved zero problems whatsoever concerning money.  It doesn't solve byzantine generals, it has no Nash equilibrium, it's full of counter party risk, it's designed to centralize, doesn't scale, not fungible, not a store of value, etc.  Hence it's zero competition to gold and silver in current state.  You don't get to make believe that all these problems, which most are unsolvable, will magically be fixed someday in the future and claim bitcoin is better than metals.  Bitcoin in current form is literally trash compared to gold and silver.  

It's a linked list with a get rich quick scheme built on top of it, nothing more, nothing less.  Everything about it is completely arbitrary in nature.  It does not isolate any type of problem and solve it in an objective manner.  It's a Rube Goldberg machine.

[bitserve]

Now people think PMs have their monetary value "because my dad and my great Grandpa thought so

Like I told the Syscoin dev:

You do now enjoy tormenting poor shitcoin developers? I always though your hate was mainly against Bitcoin (and maybe jews too).

[r0ach]

Now people think PMs have their monetary value "because my dad and my great Grandpa thought so

Like I told the Syscoin dev:

You do now enjoy tormenting poor shitcoin developers? I always though your hate was mainly against Bitcoin (and maybe jews too).

To make things worse, he's even an Indian, the #1 gold country on the planet.  I think he was locked into some type of caste system as a child and lorded over by other indians with higher amounts of gold and now resents it, hoping he can become Slumdog Millionaire with bitcoin as revenge.

[kurious]

Hey JJG, we all know who deletes my posts don't we now!! I'll give you a clue, it's not OP of this WO Thread!

So get on the original voting thread and vote for him - or Lauda wins it.

It's a fix - go spoil it by voting - there is ONE vote in it!

https://bitcointalk.org/index.php?topic=2004227.20

[Torque]

Now people think PMs have their monetary value "because my dad and my great Grandpa thought so

Like I told the Syscoin dev:

You do now enjoy tormenting poor shitcoin developers? I always though your hate was mainly against Bitcoin (and maybe jews too).

To make things worse, he's even an Indian, the #1 gold country on the planet.  I think he was locked into some type of caste system as a child and lorded over by other indians with higher amounts of gold and now resents it, hoping he can become Slumdog Millionaire with bitcoin as revenge.

Even if someone is into PMs, they should buy some Bitcoin and when it rises, use it to buy more PM. Why not?

I recently bought a little gold and silver, and I essentially got an 80% discount by using crypto to purchase it.  Had to wait 4 years but still... you get my point.

[r0ach]

Bill Gates officially leaves the new world order to join the alt-reich.  Positive effect on cryptocurrency since every coin ever created is endorsed by Bill Gates?

https://www.dailystormer.com/arch-boomer-bill-gates-admits-that-infinite-blacks-wasnt-such-a-good-idea/

[deepcolderwallet]

Good morning Bitcoinland.

It seems our sideways coiling consolidation is continuing... currently $2587USD (Bitcoinaverage). Summer doldrums?
______

After a fairly good start, the phoenix thread appears to be losing traction (due to excessive moderating) while this thread seems to be growing.

I guess I'll be posting here until Theymos figures out what to do with the old Wall Observer.

I was under the impression that the reason the old WO thread was locked was that Adam wasn't able to self-moderate and it was becoming a pain for the global moderators. I thought that a totally unmoderated thread would be killed quickly but they seem to be leaving this one alone.

Maybe it's just because they're waiting to see what happens with the old one. Everyone voted yet? (https://bitcointalk.org/index.php?topic=2004227.0)

Nice to see you around.

[deepcolderwallet]

Maybe it's just because they're waiting to see what happens with the old one.

Agree. 

Go home, your kingdom of terror sucks!

[deepcolderwallet]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

He was staff before turning to a life of crime. Maybe Theymos has a record of his socks.

If Lauda wins the poll AND theymos grants him moderator status I think this infofront thread will thrive and the ole WO will became a nice memory from other times...

[Meuh6879]

Go home, your kingdom of terror sucks!

I had to prepare you for the new policies ...

[r0ach]

Go home, your kingdom of terror sucks!

I had to prepare you for the new policies ...

[savetherainforest]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

He was staff before turning to a life of crime. Maybe Theymos has a record of his socks.

hahahahaha..

Better to be feared than loved.

There are several good candidates in the running - and probably any one of them would be acceptable and relatively tolerant to preserve the thread's seemingly laissez faire culture and history..

It is one thing talking in theory about no moderation or that someone is a tyrant... but when push comes to shove, it is likely that some posts need to be deleted to facilitate participation - at least in the shill account arena .. and also possibly in the arena that seems to be a pattern of purposefully spreading disinformation and/or seeming to purposefully engage in a means that diverts from the topic with a kind of ongoing trolling that also may have a tendency to purposefully and knowingly spread FUD.. ..

tough to figure out the line, exactly.. and maybe sometimes moderators go too far - but hopefully we end up getting a moderator who is tolerant and errors on the side of allowing post unless they are really obvious in the troll/shill category.

For what you are talking there... That specific type of format on a forum... It just does not comply with the format we have now! ...
A more advanced and complex forum system needs to exist for the expression and implementation of your vision!

[JayJuanGee]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

He was staff before turning to a life of crime. Maybe Theymos has a record of his socks.

hahahahaha..

Better to be feared than loved.

There are several good candidates in the running - and probably any one of them would be acceptable and relatively tolerant to preserve the thread's seemingly laissez faire culture and history..

It is one thing talking in theory about no moderation or that someone is a tyrant... but when push comes to shove, it is likely that some posts need to be deleted to facilitate participation - at least in the shill account arena .. and also possibly in the arena that seems to be a pattern of purposefully spreading disinformation and/or seeming to purposefully engage in a means that diverts from the topic with a kind of ongoing trolling that also may have a tendency to purposefully and knowingly spread FUD.. ..

tough to figure out the line, exactly.. and maybe sometimes moderators go too far - but hopefully we end up getting a moderator who is tolerant and errors on the side of allowing post unless they are really obvious in the troll/shill category.

For what you are talking there... That specific type of format on a forum... It just does not comply with the format we have now! ...
A more advanced and complex forum system needs to exist for the expression and implementation of your vision!

Usual Save_T_R_F gobbledy gook.   

By the way, in my above statement, I am not envisioning anything, I am just suggesting that the art of balance n moderating is likely easier said than done.. and it is possible that Lauda may have been a bit too much of a moderator from time to time, but it also seems likely that at least a little bit of moderation is needed - .. 

[savetherainforest]

If Lauda wins this thing I won't go near it.  

That Lauda tyrant probably voted with all 3 of his accounts...    

He was staff before turning to a life of crime. Maybe Theymos has a record of his socks.

hahahahaha..

Better to be feared than loved.

There are several good candidates in the running - and probably any one of them would be acceptable and relatively tolerant to preserve the thread's seemingly laissez faire culture and history..

It is one thing talking in theory about no moderation or that someone is a tyrant... but when push comes to shove, it is likely that some posts need to be deleted to facilitate participation - at least in the shill account arena .. and also possibly in the arena that seems to be a pattern of purposefully spreading disinformation and/or seeming to purposefully engage in a means that diverts from the topic with a kind of ongoing trolling that also may have a tendency to purposefully and knowingly spread FUD.. ..

tough to figure out the line, exactly.. and maybe sometimes moderators go too far - but hopefully we end up getting a moderator who is tolerant and errors on the side of allowing post unless they are really obvious in the troll/shill category.

For what you are talking there... That specific type of format on a forum... It just does not comply with the format we have now! ...
A more advanced and complex forum system needs to exist for the expression and implementation of your vision!

Usual Save_T_R_F gobbledy gook.    

By the way, in my above statement, I am not envisioning anything, I am just suggesting that the art of balance n moderating is likely easier said than done.. and it is possible that Lauda may have been a bit too much of a moderator from time to time, but it also seems likely that at least a little bit of moderation is needed - ..  

You pertain or aspire to features that the website just does not contain.  

[deepcolderwallet]

Go home, your kingdom of terror sucks!

I had to prepare you for the new policies ...

Congrats, genius!
You killed your own thriving thread.

[bitserve]

Go home, your kingdom of terror sucks!

I had to prepare you for the new policies ...

Congrats, genius!
You killed your own thriving thread.

I have to say that even if you have been slightly offensive to Meuh, any time I read those words "kingdom of terror" and come to my mind all those excessive rules about quotes, offtopic, pics size, and basically everything I ROFL! It's one of the most funny arguments I have seen in ages

[Meuh6879]

Congrats, genius!
You killed your own thriving thread.

essence of a P2P forum.
you're welcome.

mission success !

bonus : high resolution picture, right-clic on it and "display the photo".

[deepcolderwallet]

Go home, your kingdom of terror sucks!

I had to prepare you for the new policies ...

Congrats, genius!
You killed your own thriving thread.

I have to say that even if you have been slightly offensive to Meuh, any time I read those words "kingdom of terror" and come to my mind all those excessive rules about quotes, offtopic, pics size, and basically everything I ROFL! It's one of the most funny arguments I have seen in ages

Meuh got exactly what I meant. It's not about the rules, it's his behavior. He deleted everything I posted, even ON-TOPIC subjects, like our discussion about if the H&S pattern was weird or not. Maybe he didn't delete one or two random posts.

[deepcolderwallet]

Congrats, genius!
You killed your own thriving thread.

essence of a P2P forum.
you're welcome.

mission success !

bonus : high resolution picture, right-clic on it and "display the photo".

A loser's speech. Exactly what I expected.

[deepcolderwallet]

Anyway, I'm very happy infrofont is winning theymos' poll. Right now infofront 27 x 21 Lauda.

[r0ach]

Anyway, I'm very happy infrofont is winning theymos' poll. Right now infofront 27 x 21 Lauda.

[Elwar]

Hmm, another Wall Observer fork.

Is this a sign of things to come in August?

[deepcolderwallet]

Hmm, another Wall Observer fork.

Is this a sign of things to come in August?

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

[Elwar]

Hmm, another Wall Observer fork.

Is this a sign of things to come in August?

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

With so many countries on the brink of collapse I would not be surprised by that desperation leading to some sort of world war. That tends to be a nation's way of covering up their financial problems and pulling everyone together under some false sense of threat.

[deepcolderwallet]

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

With so many countries on the brink of collapse I would not be surprised by that desperation leading to some sort of world war. That tends to be a nation's way of covering up their financial problems and pulling everyone together under some false sense of threat.

How do you see Bitcoin behaving in this WW scenario?

[Elwar]

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

With so many countries on the brink of collapse I would not be surprised by that desperation leading to some sort of world war. That tends to be a nation's way of covering up their financial problems and pulling everyone together under some false sense of threat.

How do you see Bitcoin behaving in this WW scenario?

I think nations would crack down on it as some sort of money of the enemy or bans for "national security". It would go underground and likely be the only way many people can feed themselves.

Every time there is a terrorist attack in Europe they try to pass some sort of new anti-Bitcoin law.

Fiat currencies fuel war.

[deepcolderwallet]

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

With so many countries on the brink of collapse I would not be surprised by that desperation leading to some sort of world war. That tends to be a nation's way of covering up their financial problems and pulling everyone together under some false sense of threat.

How do you see Bitcoin behaving in this WW scenario?

I think nations would crack down on it as some sort of money of the enemy or bans for "national security". It would go underground and likely be the only way many people can feed themselves.

Every time there is a terrorist attack in Europe they try to pass some sort of new anti-Bitcoin law.

Fiat currencies fuel war.

It's good to have such a skilled man's opinion. Thank you.

[Elwar]

Speaking of governments.

Does anyone know of any software tools that currently exist to record things such as land titles and other governance types of remediation over the blockchain? I know that these things are theoretically possible, just wondering if anyone had an open source implementation or an open project.

[infofront]

Speaking of governments.

Does anyone know of any software tools that currently exist to record things such as land titles and other governance types of remediation over the blockchain? I know that these things are theoretically possible, just wondering if anyone had an open source implementation or an open project.

Digibyte. https://digusign.com/

*Disclaimer: I have no position in DGB, nor am I planning to open one.

[deepcolderwallet]

Speaking of governments.

Does anyone know of any software tools that currently exist to record things such as land titles and other governance types of remediation over the blockchain? I know that these things are theoretically possible, just wondering if anyone had an open source implementation or an open project.

Maybe this will be of your interest:
Blockchain startup Ubitquity has announced it will overhaul the land registrar offices of two Brazilian municipalities by embedding land ownership information into the bitcoin blockchain.
www.coindesk.com/blockchain-land-registry-tech-gets-test-brazil/

[Paashaas]

Ha! I would love to see how people falling over each other and fighting for those limited supply of 21M coins 

[deepcolderwallet]

Ha! I would love to see how people falling over each other and fighting for those limited supply of 21M coins 

As I've read recently in this forum, "if each world's millionaire wanted to have at least one full bitcoin, there wouldn't be enough bitcoins".

[bitebits]

Speaking of governments.

Does anyone know of any software tools that currently exist to record things such as land titles and other governance types of remediation over the blockchain? I know that these things are theoretically possible, just wondering if anyone had an open source implementation or an open project.

Digibyte. https://digusign.com/

*Disclaimer: I have no position in DGB, nor am I planning to open one.

"Powered" by the digibyte blockchain. Right. Can't find at first glance whether it is their own Blockchain or what, a definite no go.

I would go for a more battle hardened blockchain, the blockchain actually:
https://notary.bitcoin.com/
https://proofofexistence.com/

[RoommateAgreement]

Ha! I would love to see how people falling over each other and fighting for those limited supply of 21M coins 

for now nobody will even notice it, there is plenty coins to go around compared to the number of people interested in bitcoin. give it a couple more years, a SegWit activation and all the benefits and additional features coming from it and then the real fights begin.

[savetherainforest]

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

With so many countries on the brink of collapse I would not be surprised by that desperation leading to some sort of world war. That tends to be a nation's way of covering up their financial problems and pulling everyone together under some false sense of threat.

How do you see Bitcoin behaving in this WW scenario?

Millennials will refuse to fight! They are too self centered. Hmmm... maybe North Korea. But other countries would just nuke that one then go back to not fighting.

[harrymmmm]

Quantum computing update: https://www.sciencenews.org/article/quantum-computers-are-about-get-real

TL;DR: 50 qubit quantum computer available commercially within a few years.
Small versions (5 qubits) available to public via web access already.
16 qubit version available to beta test now.

These are real quantum computers too - not just quantum annealing thingies like D-Wave sells.

[Elwar]

[Searing]

Ha! I would love to see how people falling over each other and fighting for those limited supply of 21M coins  

I believe that 80% have already been mined (BTC) or am I high on this number?

July 2015 I think bitcoin was 267?

July 2016 I think bitcoin was 650?

July 2017 bitcoin is $2,600 even

so the point becomes ...is there enough actual real world use in speculation/store of value/currency etc

do we have enough people with 'skin in the game' to keep this boat afloat?

so the trend seems to be 'yep' on most if not all of crypto..and of course Bitcoin.

[harrymmmm]

Ahh. But that's just a big classical computer.
Counting to 2^256 is not needed to factor a 256 bit number on a quantum computer, for example.

As an aside, I think I'm right in saying that there are no minimum energy requirements to flip a bit in a reversible fashion, so there might still be hope for that huge classical computer too.

[savetherainforest]

Bill Gates officially leaves the new world order to join the alt-reich.  Positive effect on cryptocurrency since every coin ever created is endorsed by Bill Gates?

https://www.dailystormer.com/arch-boomer-bill-gates-admits-that-infinite-blacks-wasnt-such-a-good-idea/

You can't blame him for being a noob! He is not a politician to put it in a nice way for the masses, with a pretty name attached to it... like "The Salvation of Africa Project" (that would be intended to stop them from coming to Yurope!)

But I think there is cheaper labor in Africa than in India or some other Asian 3rd world country. So... business people should think about that. But I think they would probably need some military enforcement to do business in those places first. And after wealth and prosperity comes, then the population growth will stop.

[toknormal]

Did the honeymoon just get paid for ?

[yefi]

Quantum computing update: https://www.sciencenews.org/article/quantum-computers-are-about-get-real

TL;DR: 50 qubit quantum computer available commercially within a few years.
Small versions (5 qubits) available to public via web access already.
16 qubit version available to beta test now.

These are real quantum computers too - not just quantum annealing thingies like D-Wave sells.

If this computer can be scaled up, though,

Which has proven rather difficult afaik. Not saying it won't happen, but claiming you're going to produce 50 qubits commercially in a few years when you don't have anything close to a working prototype seems optimistic.

[Last of the V8s]

http://blogs.lse.ac.uk/businessreview/2017/07/04/seven-signs-of-over-hyped-fintech/ via ben_vulpes

trololol someone doesn't have any/is threatened by the bits-coins

Martin Walker is Banking and Finance Director at the Center for Evidence-Based Management (CEBMa) and produces research for financial consultancy Finadium. He has extensive experience in investment banking IT and operations. His roles included Global Head of Securities Finance IT at Dresdner Kleinwort and Global Head of Prime Brokerage Technology at RBS Markets. He also held roles at Merrill Lynch and HSBC Global Markets, where he was the Blockchain lead in Markets Operation. Additionally, Martin worked for the R3 CEV Blockchain collaborative on product development and has published two papers on the topic: Blockchain And The Nature of Money, and Bridging the Gap Between Investment Banking Architecture and Distributed Ledgers (R3 CEV Research – Mar 2017)


also https://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/ via pankkake (yes!)

South Dakota alone of the United 'Sates' can manage its pension pot.

Did the honeymoon just get paid for ?

Na Roger Ver just needed a couple more Lambos to keep the scamring happy.

[Denker]

Ha! I would love to see how people falling over each other and fighting for those limited supply of 21M coins 

As we know there are not 21 million coins ever available. 2-3 millions are probably lost, locked or forgotten.
This is probably the reason why we see this on going attempts by some bad actors to take control over the protocol. These guys know very well how precious these coins are and what they probably could be worth in the not so far future.
But right now there also many many alts people can choose from. And some guys will try to push one or the other alt one the same level as Bitcoin, which I believe will miserably fail due to built in governance, premine and mutability.

[pumpmydump]

Or rather until what were thought by men to be "laws of the universe" just weren't so.

[Dotto]

My 4qubits homebread toaster can crack it on batteries

TROLOLOLOOOOL

[Last of the V8s]

pl somebody school me on the bear market from early 2014 to autumn 2015
esp.: was it about the 'scaling debate'
or 'Chinese dumping'
other factors
?

ps i get that i can just 'research it myself' - goddamn lazy newbies
but would be interested to hear from this array of commentators

[Elwar]

pl somebody school me on the bear market from early 2014 to autumn 2015
esp.: was it about the 'scaling debate'
or 'Chinese dumping'
other factors
?

ps i get that i can just 'research it myself' - goddamn lazy newbies
but would be interested to hear from this array of commentators

It was mainly due to a correction from a jump over $1k that was far too soon. The correction made for a declining price. The longer the price declined, the less people saw it as a good investment which made it decline even more. And the longer that went on, the worse the track record and the less attractive it was to investors to invest in something that kept losing value month by month. Miners were no longer Bitcoin enthusiasts who held their bitcoins but Chinese miners who sold their bitcoins immediately to pay for high electricity and equipment costs. Miners selling with no new investors to meet the demand meant declining prices. The many bitcoin auctions of the Silk Road bitcoins added quick boosts of supply to the market.

Add to that the speculators that could make money by shorting bitcoin or selling their bitcoins in the hopes of buying lower (which was profitable).

The trolls pointed to the "willy bot" saying the jump over $1k was created by MtGox. News reports constantly pointed that Bitcoin died when MtGox crashed "Bitcoin hacked!" or some CEO of a Bitcoin company died which turned into "CEO of Bitcoin died". The longer the price declined, the more people believed that the "Bitcoin experiment failed" selling at the bottom.

[Last of the V8s]

^aha that's brilliant thank you so much for your insights.

[harrymmmm]

Quantum computing update: https://www.sciencenews.org/article/quantum-computers-are-about-get-real

TL;DR: 50 qubit quantum computer available commercially within a few years.
Small versions (5 qubits) available to public via web access already.
16 qubit version available to beta test now.

These are real quantum computers too - not just quantum annealing thingies like D-Wave sells.

If this computer can be scaled up, though,

Which has proven rather difficult afaik. Not saying it won't happen, but claiming you're going to produce 50 qubits commercially in a few years when you don't have anything close to a working prototype seems optimistic.

I think that 50 qubits was non-error corrected, so it's not that far out of the question. They have 16 qubits running already and without error correction scaling is much easier. I think the scaling impediment is the connection capability they mention - you can bet they will degrade that to get the 50 qubits running tho.

So it all means the computer wouldn't be as useful as you might expect 50 qubits to be.

[Lionidas]

Decided to all the Alt coin hodlers who have come to the spanking brand new observer thread v2.0! 

https://www.youtube.com/watch?v=R7tgQuB6BOw

Enjoy my fellow hodlers!

[Last of the V8s]

some recent USG misinfo using the quantum word to try and scare the wimmin an chilluns

https://eprint.iacr.org/2017/351.pdf

"... Our batch prime-generation algorithm suggests that, to help reduce energy
consumption and protect the environment, all users of RSA—including users of
traditional  pre-quantum  RSA—should  delegate  their  key-generation  computa-
tions to NIST or another trusted third party. ..."

[Torque]

^aha that's brilliant thank you so much for your insights.

Elwar gave you the official story heard in the MSM and the rumor mill.

The unofficial story is this --

In 2013, some very deep pocket insider whale pumpers were privy to two events about 6-12 months in advance:

1) That in November 2013 the U.S. Fed was going to give a soft thumbs up to Bitcoin being considered a "legal" commodity for purchase in the U.S. (because lets face it, they couldn't really ban it anyway)

2) That the FBI was going to move in on Mt. Gox and shut it down because they already knew the exchange was insolvent (likely because they either hacked it themselves or were tipped off to it being hacked) and that it had been for quite a while. At the time, Mt. Gox accounted for 80-85% of all Bitcoin trading activity.

So what did these whale insiders do? They ran up the market as far as possible using leverage (and perhaps using the Willy Bot too), timing the top with event #1 above. The price peaked in late November 2013.

Then they coordinated their massive bear raid short with the timing of a) Fake FUD "China Bans Bitcoin!" in December 2013, and then again with b) FBI shuts down Mt. Gox by cutting off their bank account access. Mt. Gox implodes in March 2014. Mark Karpeles arrested later on.

The moral of the story is:
Whale insiders don't just massively run up a thin market with leverage, unless they've got a way to also bring it down waiting in their back pocket....

[r0ach]

http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-16-monero-chart-looks-good-right-now

[Last of the V8s]

oho thanks to you too

The moral of the story is:
Whale insiders don't just massively run up a thin market with leverage, unless they've got a way to also bring it down waiting in their back pocket....

I don't suppose you would give any names?

... (moving on) they didn't run up the 2017 market. Or am I getting that wrong?

[Torque]

I don't suppose you would give any names?

Haha, we'll never know  

... (moving on) they didn't run up the 2017 market. Or am I getting that wrong?

I guess we'll have to see what their ultimate plan is on that one. It looks to me like maybe the alt coin market was their real target so far this year. I would say that the vast majority of the leverage is in the altcoin market, as their floats are so much thinner and prices started much lower. That's how they ran them up so high pricewise.

But is Bitcoin in a bubble too? Well, if you pull back and look at the chart from about March 2017 onward... it would be hard to say that it isn't. The chart does sorta look like a bubble.

But then you ask "OK then, so where's the crash?" We haven't seen that event yet, if there is even going to be one. Who knows. Maybe after SegWit we get the real crazy run up.  Or "sell on the news." Again, who knows.

One thing I'm fairly certain of, is that we aren't just going to go sideways from here forever.  

[infofront]

I don't suppose you would give any names?

Haha, we'll never know  

... (moving on) they didn't run up the 2017 market. Or am I getting that wrong?

I guess we'll have to see what their ultimate plan is on that one. It looks to me like maybe the alt coin market was their real target so far this year. I would say that the vast majority of the leverage is in the altcoin market, as their floats are so much thinner and prices started much lower. That's how they ran them up so high pricewise.

But is Bitcoin in a bubble too? Well, if you pull back and look at the chart from about March 2017 onward... it would be hard to say that it isn't. The chart does sorta look like a bubble.

But then you ask "OK then, so where's the crash?" We haven't seen that event yet, if there is even going to be one. Who knows. Maybe after SegWit we get the real crazy run up.  Or "sell on the news." Again, who knows.

One thing I'm fairly certain of, is that we aren't just going to go sideways from here forever.  

I discount the "sell on the news" event because there hasn't been much "buying of the rumor".

[Torque]

I discount the "sell on the news" event because there hasn't been much "buying of the rumor".

But how do you know that this run up to August 1st scaling resolution is not "buying the rumor"?

[JimboToronto]

Good AM Bitcoinland.

Other than one little fat finger at Stamp, we seem to be continuing our trek sideways... currently $2593USD (Bitcoinaverage).

Indeed $2600 ain't a bad place to be stuck during consolidation.

@Jimbo: Six new ATM's in Toronto. I read that the Instacoin ATMs are anonymous, and some are two-way. Any experience?
https://www.instacoinatm.com/bitcoin-toronto-en.html

They just installed one in the 24/7 store less than a block from my home, the day before last. My friend asked me about the BTC ATM she saw there when she went to use the fiat ATM there that night. Needless to say, I ran over in the morning to check it out.

It's a 2-way floor-standing Lamassu with no apparent ID snooping. The owner/manager said he installed it after several requests, none of which was from me. He seemed surprised I was inquiring until I pointed out the BTC logo on my ballcap. He'd seen it thousands of times before but didn't know what it represented.

They're still playing with their fees. The first day, they wanted 9% to buy, 3.5% to sell. Yesterday it was up to 10% and 3.5%. Today it's down to 9.3% and 2.8%.

It makes me wonder if my conversation with the merchant had any influence. I told him I would have used it multiple times if he'd had it earlier but that the buy fees were a little high. I told him I would probably continue buying mostly OTC from individuals at a lower fee except when the amounts were small enough for transportation times and costs to offset the higher fees. I also told him that he was my new go-to if I ever needed to sell some coin.

My guess is that the 2.8% goes completely to the merchant with none to the ATM operator. He may have reduced his fee voluntarily. The fiat ATM in his store has the lowest fees in the area, half of what they charge at the nearest bank.

I don't know what the transaction limits are but the only local machine with a lower sell fee (Deloitte) has a $100/day limit. The closest ATM with a 3% sell fee (York Foreign exchange) has a $2000/day limit.

New BTC ATMs seem to be popping up like mushrooms everywhere. A friend in the west-end Parkdale neighborhood told me that a machine was recently installed in her nearest 24/7 convenience store. I don't know anything about it because it's not listed on Bitcoin ATM Radar and I haven't been out to see it yet. Apparently the 60 machines listed on Bitcoin ATM Radar are just the tip of the iceberg.

We've always been very active in Bitcoin and altcoins here in Toronto (Ethereum started here) but the level of awareness among the non-tech-savvy seems to be exploding, as it seems to be worldwide. 2017 may indeed be the year of Bitcoin.

[BlindMayorBitcorn]

You should buy one for your living room. You'll never have to leave the house.

Of course you'll have to buy your own coins. But otherwise it's the perfect plan.

[Iranus]

You should buy one for your living room. You'll never have to leave the house.

Of course you'll have to buy your own coins. But otherwise it's the perfect plan.

You could buy one for your mate, and then rely on them to fill it up with coins.  Then they could set a normal fee.

It'd still be better than the crazy >7% that most of the places near me charge.

[JimboToronto]

You should buy one for your living room. You'll never have to leave the house.

Of course you'll have to buy your own coins. But otherwise it's the perfect plan.

What a great way to anonymize coins traceable to your identity. Just make sure you use a machine that doesn't ask for ID.

Your coins get "sold" to an anonymous "buyer"... all within the privacy of your own home.

When you're done you find a merchant/restaurateur with whom to place the machine for further earnings.

 

[Arcteryx]

So is this thread which was created by admin and curator here pertaining to this particular thread?
https://bitcointalk.org/index.php?topic=2004227

Then who will take the reigns of this new Wall Observer thread!

Only One Thread to Rule Them All!

[BlindMayorBitcorn]

You should buy one for your living room. You'll never have to leave the house.

Of course you'll have to buy your own coins. But otherwise it's the perfect plan.

What a great way to anonymize coins traceable to your identity. Just make sure you use a machine that doesn't ask for ID.

Your coins get "sold" to an anonymous "buyer"... all within the privacy of your own home.

When you're done you find a merchant/restaurateur with whom to place the machine for further earnings.

 

You evil genius!

[FractalUniverse]

looks like the price is heading for minor breakout above 2550btce, 2650stamp, 2630 finex within next few hours. (at least price action is telling me..   )
[so please, local whales, no dumping now//]

[leowonderful]

So is this thread which was created by admin and curator here pertaining to this particular thread?
https://bitcointalk.org/index.php?topic=2004227

Then who will take the reigns of this new Wall Observer thread!

Only One Thread to Rule Them All!

I wonder how they'll transfer ownership of the thread, does the new administrator of the thread get Theymos to modify the first post or will the first post stay the first and Theymos modifies the title and author? Either way, it'll be good to not have to scrounge for information so much anymore. Can't belive how bad Speculation is without the Wall Observer, no matter how bad people claim it to be.

[Ludwig Von]

looks like the price is heading for minor breakout above 2550btce, 2650stamp, 2630 finex within next few hours. (at least price action is telling me..   )
[so please, local whales, no dumping now//]

Why would we want them not to dump, if they want to pump, let 's say around July 20 ? 

[FractalUniverse]

because they would ruin my price action analysis based on years of staring at charts and i would be disappointed

[Ludwig Von]

because they would ruin my price action analysis based on years of staring at charts and i would be disappointed

That sounds like a very good point. I am staring at people and their behaviour for years and I still cannot reduce that to a chart... . So the point will probably stay open until somewhere in August... . 

[Arcteryx]

So is this thread which was created by admin and curator here pertaining to this particular thread?
https://bitcointalk.org/index.php?topic=2004227

Then who will take the reigns of this new Wall Observer thread!

Only One Thread to Rule Them All!

I wonder how they'll transfer ownership of the thread, does the new administrator of the thread get Theymos to modify the first post or will the first post stay the first and Theymos modifies the title and author? Either way, it'll be good to not have to scrounge for information so much anymore. Can't belive how bad Speculation is without the Wall Observer, no matter how bad people claim it to be.

I typically just treat it as a place to go to that isn't to serious about how bitcoin is going
good or bad.
And just to have a chuckle at the posts once and while.

[deepcolderwallet]

Actually this is now the main fork, after the other two died dry. BitcoinNewsMagazine one was cool but people stopped posting there for no reason, Meuh sabotaged his own thread...

Elwar, good to see you around, have seen news from Latin America? Things are worst everyday, Maduro is playing a theater in Venezuela, possibly setting the right backstage to his so dreamed coupe d'état. Brasilian President Temer is likely to lose his presidential term due to many corruption accusations. His lawyers are using the same strategy last president used before being impeached. Sounds like desperation.

With so many countries on the brink of collapse I would not be surprised by that desperation leading to some sort of world war. That tends to be a nation's way of covering up their financial problems and pulling everyone together under some false sense of threat.

How do you see Bitcoin behaving in this WW scenario?

Millennials will refuse to fight! They are too self centered. Hmmm... maybe North Korea. But other countries would just nuke that one then go back to not fighting.

I agree and disagree.
Looks like although you're fluent in my native language (você fala português, não é?) you take for granted every millennial behaves like an USA-born millennial. I believe the distaste for corruption and poverty brought by many nations' politicians is in higher levels around the world than in USA. Our traditional example is Venezuela (last weeks events speak by themselves, or did you miss the helicopter sending grenades to the official buildings?). Also some politicians in Brasil and Argentina are facing justice problems for the first time in history, as corruption never sent anyone to jail here before. It can be explained mainly because millennials sharing what they think around social networks, message apps, etc are putting much more pressure in public opinion, working with the fact many old-school politicians are ignorant to how technologies work and how their obscure business are being traced. These two factors (public opinion favorable and easiness to investigate dumb corrupts) give strength to intel police and Justice to work.

But I agree that appealing to guns and slaughter may not even be among the options. Bitcoin is an example of how to change the status quo without appealing to war. This generation may be developing an abstract intelligence on solving old problems the previous did not.

[jbreher]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

What would the four obvious configurations that they did not diagram be called?

[jbreher]

You'll probably snicker, but a while back I took some profits in bitcoin to buy some silver bars, and recently some gold coins. First gold and silver that I've owned that wasn't jewelry based. Somewhat pained me to do it though.

While I still hold most of my wealth in Bitcoin and still believe that it's the future of decentralized, deflationary currency/hedge against the debt-based fiat monetary system, I think it's prudent for everyone to own a little bit of PMs on the side as well for future insurance purposes. I see Bitcoin and PMs as complementary assets and not competing.

Diversification good. I've still not abandoned my pre-Bitcoin goldbuggish ways.

At the risk of setting r0ach off on another blathering 'worthless crypto' rant, I'll leave this rather interesting article here.

http://www.plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=312

Skip the intro pleasantries, and page down to 'Silver and the Great Future of Mexico'.

[JayJuanGee]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

What would the four obvious configurations that they did not diagram be called?

Is this a trick question? 

Or can we just guess randomly and assign names to possible outcomes?

[jbreher]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

What would the four obvious configurations that they did not diagram be called?

Is this a trick question? 

Or can we just guess randomly and assign names to possible outcomes?

No trick question. The obvious four others are where the exit is in the reverse direction of the entry.

Though I mostly posted to ensure I was flagged when new content appeared in this thread. So far superior to the other pretenders to the WO throne.

[JayJuanGee]

yawn. this weekend is pretty boring on the market. nothing is pumping on finex, everything is slowly drifting lower. its like watching paint dry

it is actually creating a technical indicator at the moment



to me looks like a bullish pennant

What would the four obvious configurations that they did not diagram be called?

Is this a trick question? 

Or can we just guess randomly and assign names to possible outcomes?

No trick question. The obvious four others are where the exit is in the reverse direction of the entry.

Though I mostly posted to ensure I was flagged when new content appeared in this thread. So far superior to the other pretenders to the WO throne.

It is not a bad thing to attempt to learn and to better understand the thinking of others when it comes to trading or understanding trading patterns... which will also assist us to make better attempts at predicting BTC's price direction - short or longer term.

The four posted market configurations assume that the trend is kind of your friend and you keep going with the trend - however, at the same time, at some point, there is going to be a longer frame reversal of the trend, whether that is short, medium or long term.

When you enter really long term, you might not want to get caught up on these shorter term price directions, especially if you consider the long term to be UP....

There are a lot of us, who would not mind scoring a few more bitcoin, if we had any kind of certainty regarding shorter term price directions... I certainly have difficulties making any big moves in anticipation of whether we are at the top bottom or middle of some kind of wave.

I continue to find it quite amazing that we seem to be experiencing a pretty long period of seemingly unprecedented plateauing of the price of bitcoin.. it's like we have six months of renewed ATH prices and any correction has kept us in the bull market and within fairly reasonable and easy striking distance of testing of a new ATH...

[steelboy]

The current month and a half long, as I see it, bullish pennant must surely be resolved soon. If there is a significant drop, (which I am not expecting by the way), at what price point, or time period would it be considered a valid sign for a reversal? Or do you need further confirmations after?

[BlindMayorBitcorn]

I don't look at charts. I can hardly even see. Was there a chart that predicted ICO mania and the run up to $2900 based to some extent on ETH hype?

[Torque]

Diversification good. I've still not abandoned my pre-Bitcoin goldbuggish ways.

At the risk of setting r0ach off on another blathering 'worthless crypto' rant, I'll leave this rather interesting article here.

http://www.plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=312

Skip the intro pleasantries, and page down to 'Silver and the Great Future of Mexico'.

Thanks for posting that, I'll take a look.  

Btw I'm sure you are aware, PMs are onsale! Not sure about gold but silver looks like it's hitting historical lows, perhaps starting to put in a bottom soon. Was watching the live silver chart last night and saw the massive spike down (margin call? capitulation?) to $14-ish and change.

Andrew Maguire rumors: https://twitter.com/andrewmaguire1/status/882613019041308674

Meanwhile, bitcoin still trending sideways within its pennant. Would need to breach below ~$2460 to break to the downside, so as long as we bounce upward from there it should stay within the triangle.

[jbreher]

Not sure about gold but silver looks like it's hitting historical lows,

I bought most of my silver at six bux and change. I'm happy to sit on it. Was a fun ride when it went up to $50. Felt like a bucking bronco at the time. Of course, Bitcoin is volatility of a different magnitude

Andrew Maguire rumors: https://twitter.com/andrewmaguire1/status/882613019041308674

Who's Andrew Maguire? (Sorry - just don't know). Also a little puzzled about his terminology of 'physically backed'. Sounds like another form of paper to me.

[jbreher]

I don't look at charts. I can hardly even see.

So the 'Blind' in your name is actually descriptive? I kinda always surmised it was akin to the Delta Blues Appellation Generator output. You know the one:
1) Pick an infirmity (e.g. Gimpy)
2) Pick a food (e.g. Pokechop)
3) Pick a dead president (e.g. Van Buren)
String 'em together, and that's your blues name - Gimpy Pokechop VanBuren

[Torque]

Who's Andrew Maguire? (Sorry - just don't know). Also a little puzzled about his terminology of 'physically backed'. Sounds like another form of paper to me.

https://en.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)

Based on some supposed insider info that he received 26 days ago, he recently said that some big action in the metals market was going to go down this week.
https://www.youtube.com/watch?v=LZBoCBFWzK0

I guess we'll see if he's right or not. I don't have a bet either way.

 

[infofront]

[BlindMayorBitcorn]

I don't look at charts. I can hardly even see.

So the 'Blind' in your name is actually descriptive? I kinda always surmised it was akin to the Delta Blues Appellation Generator output. You know the one:
1) Pick an infirmity (e.g. Gimpy)
2) Pick a food (e.g. Pokechop)
3) Pick a dead president (e.g. Van Buren)
String 'em together, and that's your blues name - Gimpy Pokechop VanBuren

If I remember it was supposed to be a play on DreadPirateRoberts. But the 'blind' part was definitely a conscious blues appellation. I started out as BlindWillieCornstaff, which I actually prefer, in retrospect. But I believe that account was permabanned.

[Torque]

This non-farm jobs report is so bogus it's outright laughable:
http://www.businessinsider.com/jobs-report-nonfarm-payrolls-june-2017-7

Funny how many U.S. companies announced massive layoffs in the months of April, May and June (even Microsoft and Boeing), continuous job losses in the Retailpocalypse, restaurants, services, etc. Corporate profits are falling. Real estate is in a bubble. Commercial real estate is down. Housing starts and purchases are down. Rents are falling. State income is down, debt is rising. States are going bankrupt. And yet this overly positive report comes out just to prop up the markets even more.

I feel a massive loss of confidence in the markets coming very soon.

[Meuh6879]

Market purge un august (like 2015) ... and blood on streets on september.
Classic.

[BlindMayorBitcorn]

A sphincter says what.

What?

 

[chopcoin.io]

Well to me it appears we will consolidate some time more and start going up around 27 July when it becomes clear that the UASF fork is avoided by segwitx2 signalling.

[Meuh6879]

A sphincter says what. 

[Meuh6879]

Did you flush the toilet ?

[JayJuanGee]

A sphincter says what. 

hahahaha...

You are much better, more humorous, more likeable as a regular poster, rather than having   editorial power..   

[Biro Bob]

Anyone notice the Poloniex bloodbath?

[Meuh6879]

All look normal ... for now.

[JayJuanGee]

Anyone notice the Poloniex bloodbath?

Any specific crypto?  And can it somehow be related to bitcoin USD prices?

[Biro Bob]

Anyone notice the Poloniex bloodbath?

Any specific crypto?  And can it somehow be related to bitcoin USD prices?

Pretty much every single one.

[Last of the V8s]

can we agree not to talk about shitty altcoins?

the euro is a nothing coin, soon to be defunct, and most certainly off topic

[WhatsBitcoin]

I guess it's about time to start hucking money at Polo.

[BlindMayorBitcorn]

I guess it's about time to start hucking money at Polo.

Don't do it. It's probably a tarp.

[Last of the V8s]

I guess it's about time to start hucking money at Polo.

Don't do it. It's probably a tarp.

talking to yourself is the first sign of sanity

[BlindMayorBitcorn]

 

[Elwar]

Is there a way to lend USD on Poloniex or can that only be done on Bitfinex?

[bones261]

Is there a way to lend USD on Poloniex or can that only be done on Bitfinex?

No USD lending available on Polo, unfortunately.

[Torque]

Well well, inch by inch, Bitcoin's dominance rising while total crypto market cap is flat or falling.

Which means either alt trades coming back into btc, or alts just going straight to fiat. Weak hands.

[deepcolderwallet]

Well well, inch by inch, Bitcoin's dominance rising while total crypto market cap is flat or falling.

Which means either alt trades coming back into btc, or alts just going straight to fiat. Weak hands.

[deepcolderwallet]

Did you flush the toilet ?

I have a question for you, Meuh.
Why in your thread you had that rule about no more than 300 pixels images and here you don't respect it?

[infofront]

I was actually a little worried about "the flippening", which seemed imminent. Now it just seems silly.

[JayJuanGee]

I was actually a little worried about "the flippening", which seemed imminent. Now it just seems silly.

The flippening did seem kind of inevitable for a while there, but I believe that it got way more press than it deserved.. because, even if the flippening did happen, ETH was still a shit coin.. ...

I still think that ETH is a shitcoin but it is way too early to write ETH and the various ICO scams off, and the flippening could still occur in a variety of ways.. the pumping of ETH or the dumping of BTC... .. but such flippening does not have as much significance as the alt coin pumpers and the bitcoin bashers like to attribute to it... and some of those ETH folks were becoming excessively arrogant and self-confident in their BTC bashing (and even saying that they had taken everything out of BTC and put it into ETH) as ETH prices crossed into the $400s.

Hard to measure, no?  Are the dragging down bitcoin too, or is some of that money coming back to BTC or is some of that money going to fiat?  I am sure that there are theories and even some evidence to make arguments, no?

[bitserve]

I was actually a little worried about "the flippening", which seemed imminent. Now it just seems silly.

The risk of (temporal) "flippenning" was real for some time for a main reason: ETH was having an almost constant pump without ever having experienced a real bear market (in fact it haven't yet) so that almost noone was selling. Contrary what Bitcoin has already experienced in the past, I don't think many homes/lambos have been bought from ETH profits yet. People were just holding and holding in the hope of "the flippening".

Now they are experiencing, for the first time, that locking profits is sometimes better than just holding an iliquid coin. This will probably bring some sense to crypto markets.

Just wait until all those ICO's try to get "their" money back out of ETH. It will be a fucking bloodbath.

[JayJuanGee]

I was actually a little worried about "the flippening", which seemed imminent. Now it just seems silly.

The risk of (temporal) "flippenning" was real for some time for a main reason: ETH was having an almost constant pump without ever having experienced a real bear market (in fact it haven't yet) so that almost noone was selling. Contrary what Bitcoin has already experienced in the past, I don't think many homes/lambos have been bought from ETH profits yet. People were just holding and holding in the hope of "the flippening".

Now they are experiencing, for the first time, that locking profits is sometimes better than just holding an iliquid coin. This will probably bring some sense to crypto markets.

Just wait until all those ICO's try to get "their" money back out of ETH. It will be a fucking bloodbath.

Yeah... decent quantity of bleeding - that has not yet reached the bloodbath levels yet.

Should we put buy orders in at below $50? 

If it drags down bitcoin, maybe below $2k?  on the other hand, bitcoin could stay stable or even if the opposite price performance were to happen, then panic might become more extreme..?

Aren't some of those delirious fucks locked into their ICOs depending on the terms of the ICO, I suppose.  The founders will be cashing out while the investors will be locked in.. and the truism about alts being good to get more bitcoin will play out for some, but not for all... oh my, oh my...

[bitserve]

I don't know if it will drag down Bitcoin somewhat or if it will have the opposite effect. Any way I hope and expect for Bitcoin "dominance" to keep recovering though.

About the ICO's, more importantly if the holders are term locked into the ICO is if the ICO itself has some restriction on selling the ETH obtained in the ICO. Most do not and even if the plan is to hold some part of it they will need to keep selling to deliver.

[Torque]

 N00b crypto traders jumping from one shitcoin ICO to another be losing money like:

[x2666]

N00b crypto traders jumping from one shitcoin ICO to another be losing money like:

MOTHER FUCKER THAT"S NOT ABOUT BITCOIN

Mods where are you at?! ICE THIS BASTARD!

This is a BITCOIN ONLY THREAD, and it is SERIOUS!

 

On Topic: Bitcoin Price, Up or Down?

[savetherainforest]

N00b crypto traders jumping from one shitcoin ICO to another be losing money like:

MOTHER FUCKER THAT"S NOT ABOUT BITCOIN

Mods where are you at?! ICE THIS BASTARD!

This is a BITCOIN ONLY THREAD, and it is SERIOUS!

 

On Topic: Bitcoin Price, Up or Down?

I wish to see a video of a pile of your money burn!

[Biro Bob]

I think x2666 has anger management issues. I find all matters Bitcoin and other Cryptos relevant. Bitcoin is not in a bubble isolated from the other evil-alts. Their actions also have relevance to the BTC/USD dominance and ultimately have an affect on BTC price.

[freedomno1]

Welcome to the new free speech wall observer thread.

I thought an unmoderated thread was necessary after already having a couple posts deleted from the "other" new Wall Observer.

An unmoderated thread is more in line with the spirit of the original Wall Observer thread, where much of the value was in the off topic discussions and overall zaniness.

I guess it is time to join and watch the insanity again from a slightly more moderated angle and see how it goes.
Off to observe besides that also the Bitcoin price and wildness of course ^^.
2500 Seems to be the stable point now, alts be bleeding.

[Elwar]

Price has leveled off pretty well in the $2300-$2600 range. A bubble pop would have sent the price spiraling down. Seems fairly stable.

[Meuh6879]

Why in your thread you had that rule about no more than 300 pixels images and here you don't respect it?

no rules here.

[Meuh6879]

N00b crypto traders jumping from one shitcoin ICO to another be losing money like:

like andreas said : "crypto-world drain more quickly FIAT money than they can print it (QE)".

[Denker]

Price has leveled off pretty well in the $2300-$2600 range. A bubble pop would have sent the price spiraling down. Seems fairly stable.

Nobody is really willing to take any side at the moment due to coming SegWit activation. Will be smooth or not? Will miner try to block it in the last moment and therefore risking BIP148 taking action?
But yes I agree we mostly stabilized around the 2500-2600 range and now everybody is waiting for ausgust it seems.
A bit like the silence before the storm.

[Meuh6879]

True.

[Dabs]

Is this the new thread now? I saw the other poll thingy and the OP here is the one.

[RayX12]

It seems like people are cashing out of Alts to prepare for a BTC dump.

[bitserve]

Is this the new thread now? I saw the other poll thingy and the OP here is the one.

No. When theymos officially declare the winner he will unlock the "old" WO and assign the new owner. Then everything will be back to abnormal.

[Torque]

Is this the new thread now? I saw the other poll thingy and the OP here is the one.

No. When theymos officially declare the winner he will unlock the "old" WO and assign the new owner. Then everything will be back to abnormal.

Actually the longer the waiting goes on, the longer people will likely stop caring about the old WO thread anymore.

infofront is moderating this one already, so the old one is become less and less relevant for me (except for historical notes and laughs)

[JimboToronto]

Good morning Bitcoinland.

Another day, another coil... currently $2534USD (Bitcoinaverage).

Waiting, waiting.

[bitserve]

Is this the new thread now? I saw the other poll thingy and the OP here is the one.

No. When theymos officially declare the winner he will unlock the "old" WO and assign the new owner. Then everything will be back to abnormal.

Actually the longer the waiting goes on, the longer people will likely stop caring about the old WO thread anymore.

infofront is moderating this one already, so the old one is become less and less relevant for me (except for historical notes and laughs)

True. But this thread is not self moderated which means the responsibility of moderation is on regular bitcointalk staff.

[Torque]

Amazing to me how this line has been essentially unbroken since 5/3:

[BlindMayorBitcorn]

Good morning citizens. I understand our experiment in democracy was a success. Congratulations to Infofront!

[hodl_2015]

Waiting, waiting.

1077 days until the next reward halving. I doubt it is already priced in.

[FractalUniverse]

looks like the price is heading for minor breakout above 2550btce, 2650stamp, 2630 finex within next few hours. (at least price action is telling me..   )
[so please, local whales, no dumping now//]

of course, didnt work out again 
 I'll wait till august

infofront: congrats to your new old WO thread

[savetherainforest]

Amazing to me how this line has been essentially unbroken since 5/3:

I suspect some big trader or group of traders are very good at buying at the right price!

[JayJuanGee]

Amazing to me how this line has been essentially unbroken since 5/3:

Means that we are going to break it and go down?

Amazing to me how this line has been essentially unbroken since 5/3:

[http://i247.photobucket.com/albums/gg152/bfeagin/random/Unbroken_Line.jpg[/img]

I suspect some big trader or group of traders are very good at buying at the right price!

WHOAZA!!!!!!!   Save_T_R_F has the thinking of the torquester much better pegged than me... 

[savetherainforest]

WHOAZA!!!!!!!

Nope!





BAZINGAAAAAA!!!!!!     

[Torque]

Means that we are going to break it and go down?

Well gravity seems to be no longer turned on at the moment. Check back again in a month.

[JayJuanGee]

Means that we are going to break it and go down?

Well gravity seems to be not longer turned on at the moment. Check back again in a month.

I don't want to wait that long.

In bitcoin a month can be a long time.. especially this month that is coming.

Something significant is bound to happen in less than a month, no?

I think that 2 more weeks within a $2350 to $2700 price range - would be a kind of anxiety prolongation? 

I don't want to watch but I cannot stop and I cannot wait a month, neither.   

[edgar]

doubt much will occur, just longer term FUD

shit yo drawers, dump yo shit

cry later

[bitserve]

Means that we are going to break it and go down?

Well gravity seems to be not longer turned on at the moment. Check back again in a month.

I don't want to wait that long.

In bitcoin a month can be a long time.. especially this month that is coming.

Something significant is bound to happen in less than a month, no?

I think that 2 more weeks within a $2350 to $2700 price range - would be a kind of anxiety prolongation? 

I don't want to watch but I cannot stop and I cannot wait a month, neither.   

There are things that could influence the price soon, such as a significant change in signaling.

At this moment it is somewhat stable with a slow uptrend, but any time a big mining pool could add to BIP141 (which would be bullish)... the oppossite could also happen... thus the current sideways. We will see....

[savetherainforest]

doubt much will occur, just longer term FUD

shit yo drawers, dump yo shit

cry later

It will go ballistic soon! 

[spiderbrain]

Price has leveled off pretty well in the $2300-$2600 range. A bubble pop would have sent the price spiraling down. Seems fairly stable.

New paradigm? stable plateau?

[elite3000]

Price has leveled off pretty well in the $2300-$2600 range. A bubble pop would have sent the price spiraling down. Seems fairly stable.

New paradigm? stable plateau?

Traders in vacation?

People too busy with ICO's and altcoins and don't trade Bitcoin much these days?