Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15887. (Read 26589551 times)

So what do we reckon for what happens at the end of this triangle flag thing forming? Up or down?

I'm hoping for down because I've heard people who get it right most of the time saying that we need a good correction down to $5k in order to go up to $10k or $20k next year

https://youtu.be/UuQfuCqupkI
Rick Reacts 2017-W45 With last Bitcoin scaling hope CRUSHED, people come together to magic.

On a related note:
Growing up and for decades afterward, you'll hear the establishment, educators, financial advisors, banksters, family, friends, and colleagues all tell you that you should completely diversify all of your investments in your portfolio. Because they're all worried that you'll lose it all on a big risk. They want to protect you. Companies will even create these nice, safe 401ks full of safe return investments that won't lose much in a correction or crash.

And you could lose it all on a big risk investment. Or you may just get rich. Like the rich elites do every year, making big risky investments and winning, getting richer every year.

But you know why they push so hard the "diversify your portfolio to be safe" narrative to Average Joe? It has nothing to do with your protection. It has to do with this one thing: they know that if tens of millions of Average Joe working folk were allowed to suddenly get rich by making big risky bets and be able to retire early, the whole ponzi scheme of keeping every one of those Average Joes on the hamster wheel until they are 65 comes crashing down. They desperately need the income taxation each Average Joe produces for decades, and the only way to guarantee that is to keep every single able bodied person working until they retire or die. Hence their constant dissuading of high risk for the "average person".

On that point you're right. I had not understood correctly. My apologies.
But, equity does not matter, but competitiveness does. That is my point.

One does not exclude the other. But humans are not logical creatures. We feel first, and then rationalize our feelings.

They like to tear others down, so they do, with no logic or justification for it, even at personal expense. Like the scorpion and the frog.

We like open competition, which means being the best we can be. We focus on improving bitcoin, not on tearing altcoins down.

That there may be rational reasons for not attacking them in the way they attack us is just incidental.

Hold both because hedging must the party line. There may be a script.
You don't hedge Bitcoin

I know, right? That's like saying "If you own bitcoin and equal levels of all the shitcoins that currently exist then nothing has changed for you....you'll be just fine." 

The concern about high fees is real. And that this is important for countries with unstable currencies, corrupt banksters and governments is no longer an exclusivity of developing countries.
The divide between rich and poor now is fully global.

And BTC is a way to circumvent these issues also globally. Whether BTC must be the means of exchange directly or via a gateway and how either or and should be implemented is subjected to
a general consensus of all stakeholders. Not just part of them. As always this takes time, more than everyone wishes.

The big shots that are telling that they are adressing these problems by splitting up the system are just spraying mist and delusion over their all to real intentions : grab the power. Even if they
will only be in charge of ruins and devastation, they will prefer that over just beeing a participant in a healthy ecosystem.

We are dealing with, I 'm sorry to say, psychopats, originating of a certain place on earth.

Did you manage to cash out anything anywhere near the 0.5? You called it, you earned it.

No, you pay high fees, BECAUSE it is giving you freedom. If you value the cost less than you value the freedom granted, do not use it. It is OPT-IN.
In other words:
The demand for financial sovereignty through the use of the - voluntary(!)- network of Bitcoin is higher than the supply right now, that is why it is expensive, not because of technical limitations. And spam attack, ofc  

Freedom has a cost. No one forces you to pay it.

With Lightning the 3rd world will have access to bitcoin payment channels. And the BTC ecosystem will still be decentralised and working in everyones interests and to our mutual benefit.

On the other hand (and we have several hundred years of precedence to give a concise answer to this) when did centralised corporate interests ever give a flying fuck about the little man, third world or otherwise ??

Bitcoins are a store of value, nothing else, and that´s that.

There are two primary factors that they sank their teeth into and ran with to cause all this excitement - the cancellation of Segwit2X and piss taking with the EDA.

In case we hadn't noticed neither of these will ever, ever, ever happen again.

The EDA goes away forever tomorrow. I suppose they could revive and cancel 2X again for fun but that card might have been played for good. They're going to have to be rather creative to come up with a more compelling narrative in future.

If we had bigger blocks malicious miners could fill those, too. Cheap as chips. Then we'd be PayPal2.0 AND slow and expensive. Bollocks.

You are saying, literally: "nobody uses it, because so many users use it and that makes it costly.

Can you not see the cognitive dissonance in that?
That was my restaurant analogy, and it is a perfect fit. Also, there is a logical fallacy arguing that "the free market rule" and "oh but what about the poor people" in the same sentence.

Pick one, because the laws of economics - just like the laws of physics - doesn't give a shit about human's subjective concepts like "fairness".

I know. And that was the reason for my first question. What are you doing bitcoin for being more resistant to such attacks and keeping the rates low in the long term?
As I understand it, an increase in block size is a solution; but if there are more alternatives it would be good to be able to listen to them.

Well, no. Maybe at some point in the future. But for now, Bitcoin Segwit is useless for any but higher value transactions. You can tell yourself that you like it this way, but Bitcoin Cash supports everything that Bitcoin Segwit does, plus these cheaper items.

one of us did ddos bithumb earlier on. but in general you're right, we're saintly.

No I think Gentlemand is right. There's no incentive. No one uses the damn thing.

It's a little thing called morals.

I'm not fucking kidding. Puling others down is their thing. We build ourselves up. Basic difference in psychological profiles.