Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6214.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Quote from: PhoenixZephyrus on January 29, 2021, 09:46:56 AM

Quote from: AlcoHoDL on January 29, 2021, 09:02:51 AM

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need, to register anywhere to use it.

Pump continues. This is it guys, it's happening.

Thanks, that makes sense, we can still do P2P transactions if exchanges stop buying of bitcoin. But, how is the fiat price of bitcoin determined then? If no trading occurs through exchanges, what drives the price of BTC, is it equivalent to anything in fiat if all exchanges stop BTC trading?

Maybe this would lead to a black market type situation, where BTC fiat equivalent price would probably rise due to the difficulty in buying it. I don't think this will happen any time soon though. If anything, Bitcoin seems to be gaining more and more recognition and respect, even from traditional investors. Things are looking good.

Unless there's some sort of deep plan to globally attack/outlaw Bitcoin at some point, which will not be easy and will likely fail.

Torque

legendary

Activity: 3794

Merit: 5474

1. Shitcoin shills, fuck off this WO thread.

2. This.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Quote from: lightfoot on January 29, 2021, 09:35:42 AM

Quote from: Elwar on January 29, 2021, 09:18:39 AM

The reason Doge is up so much is that Roger Ver keeps repeating over and over that Bitcoin transaction costs are too high. So people are moving to Doge to solve that problem.

I think that's what he was getting at.

That was the main reason for LTC. Well that and the 2.5 minute "get this hooker out of my room" feature. That's worth a lot.

Which is fine: BTC is not for paying hookers.

Edit: BTC is doing pretty well again. That little drop into the 20's was just a fire sale by panicked hands. Enjoy!

Nonsense. BTC is perfectly fine for paying hookers, unless you can't last 10 minutes with her. I would expect and demand a full 6 confirmations before I'm done...

serveria.com

legendary

Activity: 2478

Merit: 1220

Privacy Servers. Since 2009.

Quote from: dieselmeister on January 29, 2021, 09:38:03 AM

https://twitter.com/BTC_Archive/status/1355134902560296960

sounds bullish ... Visa wants to work with Exchanges and Wallets

Great news. As if they haven't worked with exchanges before (prepaid cards). It's not BTC needs VISA, it's VISA needs BTC now. Grin

PhoenixZephyrus

full member

Activity: 155

Merit: 102

Quote from: AlcoHoDL on January 29, 2021, 09:02:51 AM

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need, to register anywhere to use it.

Pump continues. This is it guys, it's happening.

Thanks, that makes sense, we can still do P2P transactions if exchanges stop buying of bitcoin. But, how is the fiat price of bitcoin determined then? If no trading occurs through exchanges, what drives the price of BTC, is it equivalent to anything in fiat if all exchanges stop BTC trading?

serveria.com

legendary

Activity: 2478

Merit: 1220

Privacy Servers. Since 2009.

Well well... lotsa new faces around this place today. Good thing fresh blood is flowing in, bad thing most of them appear to be shitcoiners (asking about doge etc). We need to stop this shitcoinery on WO ASAP!

Jbreher is back... or not? Whatever...

Pump... pump... pump... nuff said... Grin

Go Bitcoin go! New ATH in January? Cool

dieselmeister

sr. member

Activity: 546

Merit: 290

https://twitter.com/BTC_Archive/status/1355134902560296960

sounds bullish ... Visa wants to work with Exchanges and Wallets

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Quote from: Elwar on January 29, 2021, 09:18:39 AM

The reason Doge is up so much is that Roger Ver keeps repeating over and over that Bitcoin transaction costs are too high. So people are moving to Doge to solve that problem.

I think that's what he was getting at.

That was the main reason for LTC. Well that and the 2.5 minute "get this hooker out of my room" feature. That's worth a lot.

Which is fine: BTC is not for paying hookers.

Edit: BTC is doing pretty well again. That little drop into the 20's was just a fire sale by panicked hands. Enjoy!

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

https://www.twitter.com/MrBeastY

Well, he has just 21% followers compared to that of Elon Musk but that might still give some thrill shill.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

The reason Doge is up so much is that Roger Ver keeps repeating over and over that Bitcoin transaction costs are too high. So people are moving to Doge to solve that problem.

I think that's what he was getting at.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: AlcoHoDL on January 29, 2021, 09:02:51 AM

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need, to register anywhere to use it.

Pump continues. This is it guys, it's happening.

I am smiling as my newly acquired BTC has gained over 10 % since I swapped my doge for it.

ATH is coming up.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need to register anywhere to use it.

Pump continues. This is it guys, it's happening.

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

Remember when Chinese bitcoin exchanges dominated the space? Until Chinese government killed them. Corn survived tho.

_javi_

hero member

Activity: 968

Merit: 624

Still a manic miner

Quote from: PhoenixZephyrus on January 29, 2021, 03:18:07 AM

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

You can always sell and buy BTC in person. Face to face, peer to peer...

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

Quote from: yefi on January 29, 2021, 08:40:32 AM

Quote from: PhoenixZephyrus on January 29, 2021, 03:18:07 AM

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult.

Spot on! We see now why SEC is so afraid of Bitcoin and denied all ETF's so far. They have power over stocks to shut down any platform or exchange if something goes wrong (i.e. Wall street bleeding), but not with Bitcoin. Which shows their utmost hypocrisy - the argument about manipulations applies only to themselves!

hisslyness

hero member

Activity: 758

Merit: 1844

Quote from: yefi on January 29, 2021, 08:40:32 AM

Quote from: PhoenixZephyrus on January 29, 2021, 03:18:07 AM

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult.

then another exchange will just pop up and take over the reigns! Nothing will stop bitcoin as long as there is a full node ready to validate, bitcoin will be fine!

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: PhoenixZephyrus on January 29, 2021, 03:18:07 AM

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Overflask on January 29, 2021, 06:47:32 AM

What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?

Dogecoins?
I guess it's what comes out of your dog on a walk., innit?
The things you pick up and seal using a plastic bag, right?

heslo

legendary

Activity: 1235

Merit: 1202

Quote from: Sayeds56 on January 29, 2021, 08:19:07 AM

Quote from: heslo on January 29, 2021, 05:02:28 AM

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Why do we even make those charts if one single person can pump BTC by just taking its name? Insane! Unbelievable growth. People are yelling and happy about this event even I am glad too but this isn’t good for crypto to be honest. One single person can drive the price up and down unlike Traditional markets. The market needs to be saturated and distributed equally. This giant holdings by the institutions isn’t good for the future of BTC. I might be wrong just sharing my opinion!

THIS IS THE POST FROM SOMEONE ON TWITTER AND I 100% Agree on it.

BTC WILL REACH ULTIMATE HEIGHTS ONLY WHEN NUNBER OF HOLDERS WILL INCREASE BUT NOT WITH FEW HOLDERS AND THIS IS FOR SURE NOT GOOD FOR BITCOIN AS THEN THIS CAN BE MANIPULATED EASILY BY THESE WHALES !

REMEMBER THESE NAMES :
ELON MUSK
MICHAEL SALOR
JACK DORSEY

THEY HAVE 2 much control for now over BITCOIN

https://t.me/cryptosignalsMG/5342

They have no control over BTC, that's what's so great about it. No matter what they think, no matter how hard they try to censor a transaction, they can't. Sure, they might be able to influence the price in the short term but bitcoin just hums along nicely not giving a single fuck who any of them are

_javi_

hero member

Activity: 968

Merit: 624

Still a manic miner

Quote from: Sayeds56 on January 29, 2021, 08:19:07 AM

Quote from: heslo on January 29, 2021, 05:02:28 AM

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Why do we even make those charts if one single person can pump BTC by just taking its name? Insane! Unbelievable growth. People are yelling and happy about this event even I am glad too but this isn’t good for crypto to be honest. One single person can drive the price up and down unlike Traditional markets. The market needs to be saturated and distributed equally. This giant holdings by the institutions isn’t good for the future of BTC. I might be wrong just sharing my opinion!

THIS IS THE POST FROM SOMEONE ON TWITTER AND I 100% Agree on it.

BTC WILL REACH ULTIMATE HEIGHTS ONLY WHEN NUNBER OF HOLDERS WILL INCREASE BUT NOT WITH FEW HOLDERS AND THIS IS FOR SURE NOT GOOD FOR BITCOIN AS THEN THIS CAN BE MANIPULATED EASILY BY THESE WHALES !

REMEMBER THESE NAMES :
ELON MUSK
MICHAEL SALOR
JACK DORSEY

THEY HAVE 2 much control for now over BITCOIN

Yes sir, i totally agree.

I prefer hordes of plankton rather than a couple whales.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6214. (Read 26710308 times)