Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15144.

RoomBot

legendary

Activity: 2338

Merit: 1130

Quote from: gentlemand on January 06, 2018, 08:29:26 AM

Quote from: Ibian on January 06, 2018, 08:26:06 AM

Segwit is not being adopted. And LN will be largely a niche gimmick. We need something that works across the board, something that, unlike segwit, is NOT OPTIONAL.

Make non Segwit opt out and there's most of it cleared up. Same as organ donation. They flipped that from opt in to opt out recently in the UK. I expect many more people will be sliced up and glued into other people in future and rightfully so.

people getting forked?

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

bidding for "cripplecorebitshitcoin.com" now

RoomBot

legendary

Activity: 2338

Merit: 1130

Quote from: RolexPresidentz on January 06, 2018, 12:40:34 AM

dump cripplecorebitshitcoin for the real bitcoin (BCH)

keyboard warrior

sr. member

Activity: 266

Merit: 251

Quote from: tronic1704 on January 06, 2018, 01:46:46 PM

New Sell-Attack?

It's only gone down a tiny bit. Unless it's at least a thousand dollar movement I barely notice it.

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: Torque on January 06, 2018, 01:42:40 PM

Which is why Bitcoin should be considered a decentralized, deflationary crypto asset like digital gold, that also happens to be exchangeable for goods and services like a currency. Notice I said "like a currency" because it is clear that that attribute is not its primary function nor its strength.

uh-oh...
you mentioned bitcoin and currency in the same post...
cue you-know-who with with those you-know-what type comments in 3...2...

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: jojo69 on January 06, 2018, 02:07:08 PM

Quote from: vapourminer on January 06, 2018, 01:56:18 PM

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

ok searched a bit and i still cant figure out what this means.. what are "old coins" and why are they worth more?

untouched old wallet addresses with all the forks still intact

ie. BTC+BCH+BTG+etc etc

thanks. i still have a few from 2012 or so on paper wallets that still have the extra goodies in them then.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: cAPSLOCK on January 06, 2018, 01:41:00 PM

This is a key thought. We have not really had the crypto go-live yet. We are still in the testing phase. Those of us in this community buying Christmas gifts with purse.io and planning our yacht purchases do not live in the real world where crypto is still only magic internet money.

And yet there's this little bit of rational honesty, that we should all recognize and discard the fairy-tale fallacies.
https://twitter.com/danheld/status/949423269886664704

Which is why Bitcoin should be considered a decentralized, deflationary crypto asset like digital gold, that also happens to be exchangeable for goods and services like a currency. Notice I said "like a currency" because it is clear that that attribute is not its primary function nor its strength.

The word "crytocurrency" is a complete misnomer. It should have been called a "cryptoasset" from the beginning.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: vapourminer on January 06, 2018, 01:56:18 PM

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

ok searched a bit and i still cant figure out what this means.. what are "old coins" and why are they worth more?

untouched old wallet addresses with all the forks still intact

ie. BTC+BCH+BTG+etc etc

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: vapourminer on January 06, 2018, 01:56:18 PM

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

ok searched a bit and i still cant figure out what this means.. what are "old coins" and why are they worth more?

Unsplit BTC still with a BCH, and possibly other forkcoins, inside.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

ok searched a bit and i still cant figure out what this means.. what are "old coins" and why are they worth more?

tronic1704

full member

Activity: 171

Merit: 100

New Sell-Attack?

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

disgrace upon disgrace^

meanwhile: http://moonmath.win/

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: Last of the V8s on January 06, 2018, 12:24:08 PM

"TL;DR, for our dear readers who can't make heads or tails of this novelty: Bitcoin is as good as gold, shinier than lead, bubblier than tulips, held deep in the mines, and driving people nuts. Gold has enriched adventurers and bitcoin has held fools to ransom. You may dive in a pool of gold, but lose it all at war. Strangely, while you can still buy gold today and forget about it until your great-grandchildren cash it out, the much-hyped "future of money" has turned into the most speculative intangible asset of all time, while proving totally unsuitable as a means of payment. Still, over 2017 at least, bitcoin would have been a better investment than Tesla stock."
says site owned by pedophile Jimmy Wales
https://en.wikipedia.org/wiki/Wikipedia:Annual_Top_50_Report

His list lost me @ The Last Jedi comment:
"It wasn't terrific, but it wasn't terrible..."

No it wasn't terrific. As a stand alone movie alone it WAS terrible, a complete mess. As a Star Wars movie though, it was a fkn abomination and complete disgrace to the franchise. It jumped the shark in every way imaginable.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: bitserve on January 06, 2018, 09:35:30 AM

I can admit that, if this was an enterprise, the blocksize increase would have come first as a temporary fix whilst the real scaling solution (LN) was being finishing development/tests/deployment/adoption etc... But it is not... decentralization has its pros and cons.

This is a key thought. We have not really had the crypto go-live yet. We are still in the testing phase. Those of us in this community buying Christmas gifts with purse.io and planning our yacht purchases do not live in the real world where crypto is still only magic internet money.

Thing is... there can never be a hard go-live date. It is happening little by little over time. This *is* going to make most "enterprise" production systems look like tiddly-winks.

We will NEVER have a better time than now to implement the needed scaling solutions to serve 7 (8, 9 10) billion people.

The current transaction fees are growth pains on the way to a new world.

No one said it would be easy.

d_eddie

legendary

Activity: 2520

Merit: 3038

Another yummy snippet from fluidjax.

Quote from: fluidjax on January 06, 2018, 03:16:18 AM

Total ban on mining in China..
A slow orderly exit is planned - apparently confirmed by Jihan (by Cryptovenus)

https://twitter.com/cryptovenus/status/949405526315716608

The BTC market should see this in a positive way, but there is no accounting for stupidity.
The will force chinese miners to relocate and spread out geographically, and also cause them higher electricity costs, which will allow more competition.

If this is confirmed, it's quite an important piece of news.
I also see this as quite bullish. Never forget: the freedom that comes with decentralization is Bitcoin's main asset.

By the way, this appears more plausible than the customary quarterly "China bans bitcoin" FUD items. There's no FUD context (or necessity) this time, so it does look different.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: fluidjax on January 06, 2018, 11:26:46 AM

A major thing people forget when simply saying we need a small block size increase, is that it requires a HARD FORK.
This means that a whole bunch of people with 100,000's of Bitcoins are going to be pissed. MP & his group for one. Probably a number of others.

These people, along with many others will probably continue the existing chain, claiming it is the real Bitcoin. (Just like BClashic but much worse).
Imagine the damage that is going to do to Bitcoin, we must have an overwhelming consensus otherwise it's going to be a clusterfuck!

Clap, clap. The blocks will get bigger when they will. Let's turn our heads to the real alternative solutions. The pot is on the fire, soon dinner's gonna be served. Let's just get the big actors to come along ASAP.

Hello, Coinbase? Hello? Anybody in there?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Wekkel on January 06, 2018, 08:39:35 AM

I do not consider increasing blocks a good solution. It does not scale while the negative consequences for decentralisation are unclear. Since Bitcoin’s only true value lies in ‘decentralisation’, I support not hastily moving away from this core concept just to solve a current - perceived as immediate - issue. There is too much at stake.

Yes. Yes. A thousand times, yes.

If people could realize than layer 2 is not an optional path, they would also realize that moving towards layer 2 is far more important than easing the current block size constraint.

Layer 2 will ALWAYS be optional for the individual. It is an absolute certainty for the whole ecosystem.

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: keyboard warrior on January 06, 2018, 01:24:39 PM

Quote from: bitcoinPsycho on January 06, 2018, 01:10:44 PM

Quote from: keyboard warrior on January 06, 2018, 01:09:28 PM

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Good morning Bitcoinland.

I see we've held most of yesterday's gains... currently $16908USD/$20988CAD (Bitcoinaverage).

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

Do we see $20k before the end of the month?

It might be close call, some years there were pumps in late January or early February. My guess is just before, or just after the end of the month.

I need it to hit $24999 on the 10th jan

In that case it will probably drop to $14999 on the 10th jan. If you didn't need it, then it would probably pump.

Yeah I no . would be nice to win the comp thou

keyboard warrior

sr. member

Activity: 266

Merit: 251

Quote from: bitcoinPsycho on January 06, 2018, 01:10:44 PM

Quote from: keyboard warrior on January 06, 2018, 01:09:28 PM

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Good morning Bitcoinland.

I see we've held most of yesterday's gains... currently $16908USD/$20988CAD (Bitcoinaverage).

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

Do we see $20k before the end of the month?

It might be close call, some years there were pumps in late January or early February. My guess is just before, or just after the end of the month.

I need it to hit $24999 on the 10th jan

In that case it will probably drop to $14999 on the 10th jan. If you didn't need it, then it would probably pump.

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: keyboard warrior on January 06, 2018, 01:09:28 PM

Quote from: JimboToronto on January 06, 2018, 12:59:08 PM

Good morning Bitcoinland.

I see we've held most of yesterday's gains... currently $16908USD/$20988CAD (Bitcoinaverage).

Old coins are now worth $19951USD/$24766CAD (Coinmarketcap).

Do we see $20k before the end of the month?

It might be close call, some years there were pumps in late January or early February. My guess is just before, or just after the end of the month.

I need it to hit $24999 on the 10th jan

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15144. (Read 26712712 times)