Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15008.

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: BTCMILLIONAIRE on January 19, 2018, 06:46:51 AM

Quote from: realr0ach on January 19, 2018, 06:39:36 AM

Quote from: BTCMILLIONAIRE on January 19, 2018, 06:27:04 AM

On another note, China doing everything it can to screw itself over:

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

Why would China not ban bitcoin? How does bitcoin help China in ANY way even if they wanted to use it?

They have 1 billion fucking people and bitcoin doesn't scale to service a small town with one gas station, let alone China. This thread is mostly a giant echo chamber of technically illiterate people, so they don't know Lightning Network can't function in a decentralized manner whatsoever (not that bitcoin itself functions decentralized either). Before he became a scammer and disappeared, people who actually know what they're talking about like Death&Taxes mentioned problems like this but didn't go into any details as to why, and I've expanded on this issue 10x more than he ever did recently:

https://bitcointalksearch.org/topic/m.28305541

Even if every crypto was heavily centralized and functioned as a digital central bank, it'd still be far more decentralized than traditional CBs are, simple by virtue of being interchangeable instantaneously.

You completely ignored the fact that China and Russia are both very clearly going back to precious metals as money. So again, why would they let the west derail their plan with these centralized, imaginary tokens that don't even scale when metals are far better for them and more sound as money anyway?

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: realr0ach on January 19, 2018, 06:39:36 AM

Quote from: BTCMILLIONAIRE on January 19, 2018, 06:27:04 AM

On another note, China doing everything it can to screw itself over:

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

Why would China not ban bitcoin? How does bitcoin help China in ANY way even if they wanted to use it?

They have 1 billion fucking people and bitcoin doesn't scale to service a small town with one gas station, let alone China. This thread is mostly a giant echo chamber of technically illiterate people, so they don't know Lightning Network can't function in a decentralized manner whatsoever (not that bitcoin itself functions decentralized either). Before he became a scammer and disappeared, people who actually know what they're talking about like Death&Taxes mentioned problems like this but didn't go into any details as to why, and I've expanded on this issue 10x more than he ever did recently:

https://bitcointalksearch.org/topic/m.28305541

Even if every crypto was heavily centralized and functioned as a digital central bank, it'd still be far more decentralized than traditional CBs are, simple by virtue of being interchangeable instantaneously. Don't like what the miners on the Bitcoin network are doing? Or the major stakeholders? Flip over to another crypto in the blink of an eye. You do not have this option with government and CB controlled fiat currencies.

And luckily cryptos are not centralized and will be further decentralized as the mainstream starts adopting them.
You're also completely neglecting the fact that a bunch of centralized hubs can very well coexist with a decentralized base layer, while also completely ignoring the fact that this is just the first solution for the current very real problems with scaling. In the future, just like exchanges, something like LN might very well end up returning to full decentralization.

And there's more to crypto than just Bitcoin, which renders your argument regarding China entirely redundant.

Torque

legendary

Activity: 3794

Merit: 5474

Hey kids, never forget that conspiracy theorists are completely nuts. Until they aren't.

http://www.foxnews.com/politics/2018/01/18/gop-lawmakers-demand-alarming-memo-on-fisa-abuses-be-made-public.html

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: TERA2 on January 19, 2018, 05:15:29 AM

If $24,777 isn't reached for years does that mean we still see this spam every day?

NO big time idiot then it gets to closest date Grin

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: Last of the V8s on January 19, 2018, 03:56:58 AM

What if I told you that people thought the same thing in July 2013? Grin

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: BTCMILLIONAIRE on January 19, 2018, 06:27:04 AM

On another note, China doing everything it can to screw itself over:

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

Why would China not ban bitcoin? How does bitcoin help China in ANY way even if they wanted to use it?

They have 1 billion fucking people and bitcoin doesn't scale to service a small town with one gas station, let alone China. This thread is mostly a giant echo chamber of technically illiterate people, so they don't know Lightning Network can't function in a decentralized manner whatsoever (not that bitcoin itself functions decentralized either). Before he became a scammer and disappeared, people who actually know what they're talking about like Death&Taxes mentioned problems like this too.

I recently explained 10x better why LN is a complete dead end unless your goal is to recreate the already existing banks:

https://bitcointalksearch.org/topic/m.28305541

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote

Lightning is instant and 18,000 times cheaper than Bitcoin Cash

Bullish....

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Quote from: BTCMILLIONAIRE on January 19, 2018, 06:27:04 AM

On another note, China doing everything it can to screw itself over:

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

Quote from: article

Meanwhile, US investment bank Morgan Stanley announced on Thursday it will followed the lead of rival Goldman Sachs in offering bitcoin futures trading for clients.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

On another note, China doing everything it can to screw itself over:

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Quote from: realr0ach on January 19, 2018, 06:04:33 AM

Quote from: TERA2 on January 19, 2018, 05:15:29 AM

If $24,777 isn't reached for years does that mean we still see this spam every day?

How do I trade the news that the govt of El Salvador does not want any of it's 200,000 population Trump is deporting and is trying to dump it's own citizens in a random Arab country in the middle east called Qatar instead?

http://dailystormer.red/president-of-el-salvador-wants-to-send-200000-citizens-being-deported-to-qatar/

Proof that roach is using a random bullshit generator. His reply had nothing to do with my comment.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: realr0ach on January 19, 2018, 06:04:33 AM

Quote from: TERA2 on January 19, 2018, 05:15:29 AM

If $24,777 isn't reached for years does that mean we still see this spam every day?

How do I trade the news that the govt of El Salvador does not want any of it's 200,000 population Trump is deporting and El Salvador is trying to dump it's own citizens in a random Arab country in the middle east called Qatar instead?

http://dailystormer.red/president-of-el-salvador-wants-to-send-200000-citizens-being-deported-to-qatar/

#notashithole Roll Eyes

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: TERA2 on January 19, 2018, 05:15:29 AM

If $24,777 isn't reached for years does that mean we still see this spam every day?

How do I trade the news that the govt of El Salvador does not want any of it's 200,000 population Trump is deporting and is trying to dump it's own citizens in a random Arab country in the middle east called Qatar instead?

http://dailystormer.red/president-of-el-salvador-wants-to-send-200000-citizens-being-deported-to-qatar/

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: realr0ach on January 19, 2018, 04:04:32 AM

Quote from: TERA2 on January 19, 2018, 03:38:14 AM

I want to know how this has happened so quick. Like the removal of sell orders and the buying is all coordinated at the same time. Is this one person buying or did the whole market just change their mind due to some news event (what is it)?

Nobody on the planet would be dumb enough to put their money on Bitfinex with their past exit scam + tether scam, so it's entirely the Bitfinex owners trading back and forth with himself trying to rig the market with an exchange where no buying or selling actually takes place.

You would think that, but BCC bounced as well. Didn't Einstein go on about how the stupidity of humans is potentially infinite? I'm surprised he made such a modest estimate. Guess the lack of connectivity left some tiny sliver of "benefit of the doubt".

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: infofront on January 18, 2018, 09:04:47 PM

Quote from: jojo69 on January 18, 2018, 08:56:30 PM

Am I a bad person for finding mirth in the self inflicted misfortune of others?

I thought it was hilarious too, but I kind of feel bad.

I stopped feeling bad when I realized that people don't care about facts and turn into frenzied animals when it comes to even a sliver of chance of making some money. There are so many ways to earn big while supporting valuable contributions to society, but instead they choose the ponzis and banks of the world. Just natural selection doing what it's best at and something that we should all be thankful for, rather than feeling bad about it.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: Phil_S on January 19, 2018, 05:11:09 AM

Quote from: Last of the V8s on January 19, 2018, 03:56:58 AM

I'd say: but what about $24777? I see you voted 18/01/2018 Cheesy

rub it in good Grin

was just a sick joke sorry
was very bullish in those days
in my defence i am new to following the dollar and didn't notice anyone who matters saying 'guize China bans btc erry year around mid Jan so expect a dip'
(BLB did warn later on, after we all chose a day, about seasonal prices)

revised est for 24777 is April 6th '18 (terms and conditions apply)

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Last of the V8s on January 19, 2018, 04:37:46 AM

and
http://quillette.com/2018/01/17/jordan-b-peterson-critical-theory-new-bourgeoisie/

https://www.youtube.com/watch?v=aMcjxSThD54
LOL! the comments

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

No doubt we'll reach $32000 this year...

Red line: double in 270 days.
Blue line: double in 90 days.

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: TERA2 on January 19, 2018, 05:15:29 AM

If $24,777 isn't reached for years does that mean we still see this spam every day?

it will be reached

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

If $24,777 isn't reached for years does that mean we still see this spam every day?

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

"The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies."
....
"There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors," said the letter signed by Dalia Blass, the SEC's director of the division of investment management.
...
"It shows that they're going to have to take some time to consider the industry's responses before they change their minds on it," said Senderowicz, a partner at Dechert LLP.

"It gives a template for how to get to a yes."

-------------
Source:
https://www.nytimes.com/reuters/2018/01/18/business/18reuters-bitcoin-sec.html?partner=IFTTT
------------

If this source is true, we are going to see ETF soon. Wallstreet better prepare for this now Grin

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15008. (Read 26714976 times)