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

[VB1001]

In Bitcoin we do not have a massive adoption, it is progressing correctly, but it will take a few years, institutional investors are close, we need to optimize and make the process simpler for everyday users.

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.

[serveria.com]

Update from BitcoinWanga some incoherent crap as always -  bs about $2000 and crypto winter coming to an end. Anybody with a decent knowledge of Russian here?  

[gentlemand]

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.

They didn't require you to take a financial risk after having a deep ponder over the nature of money itself.

That's a stretch for most of the world's population.

[RejectedBanana]

We might close on a 10%+ green dildo today

& 20% LTC

[Last of the V8s]

In Bitcoin we do not have a massive adoption, it is progressing correctly, but it will take a few years, institutional investors are close, we need to optimize and make the process simpler for everyday users.

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.

compare and contrast

https://www.coindesk.com/enough-with-the-ico-me-so-horny-get-rich-quick-lambo-crypto

[BTCMILLIONAIRE]

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.

They didn't require you to take a financial risk after having a deep ponder over the nature of money itself.

That's a stretch for most of the world's population.

Sure, but faster and cheaper transactions aren't a stretch. In good parts of Europe "real-time" wire transfers have just arrived, and they are neither free nor do they transfer to an arbitrary recipient. Exchange rates eventually becoming redundant with global adoption is anything but a stretch as well. It's just a matter of infrastructure, and where there is money to be made people will build.

[Paashaas]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

The nerd in me just creamed his pants.

They know how to build infrastructure.

[serveria.com]

OMFG 3600 and no signs of stopping! Weee!  

[jbreher]

Where is Jbear?

Life. Was elsewhere doing stuff. Here now.

Negative price activity is not evidence of scam. If it were, then all cryptos would be scams.

[ivomm]

[Toxic2040]

memory and attention decay

+2 WOsMerit


That was fast...as usual.  

Abstract

Collective memory and attention are sustained by two channels: oral communication (communicative memory) and the physical recording of information (cultural memory). Here, we use data on the citation of academic articles and patents, and on the online attention received by songs, movies and biographies, to describe the temporal decay of the attention received by cultural products. We show that, once we isolate the temporal dimension of the decay, the attention received by cultural products decays following a universal biexponential function. We explain this universality by proposing a mathematical model based on communicative and cultural memory, which fits the data better than previously proposed log-normal and exponential models. Our results reveal that biographies remain in our communicative memory the longest (20–30 years) and music the shortest (about 5.6 years). These findings show that the average attention received by cultural products decays following a universal biexponential function.

https://www.nature.com/articles/s41562-018-0474-5    Might be paywalled.  :/


This graph lines up nicely with halvening's. It could very well indicate that 2020 will be the "goto" year for Bitcoin. Where as the communicative and cultural memory peak along with price to take us mainstream. Where bitcoin "entered" this plot line is open for much debate because interest really didn't peak within the first year of launch..hardly anyone knew about it then. I do however like the pulse's that occur every 2 to 4 years.

What I think is important here is that there might be a finite amount of time for something to stay in the focus of the general population.  This is neither bullish or bearish, its purely speculation. It might not even be relevant until bitcoin reaches full adoption. Regardless it is filled with nice maths.

[cAPSLOCK]

I call upon:

[Totscha]

OMFG 3600 and no signs of stopping! Weee!  

I'll try again. As futile as that may be...

Bitstamp BTC/USD pair is the 'official' price we use on this thread

[Last of the V8s]

adoption is not a thing
bitcoin is not for the poor
or the stupid

[xhomerx10]

I call upon:

 Rocket ignition pics yet??

[BinaryReign]

[xhomerx10]

adoption is not a thing
bitcoin is not for the poor
or the stupid

 Dammit I'm out on both counts... okay I'll sell now.

[_javier_]

OMFG 3600 and no signs of stopping! Weee!  

I'll try again. As futile as that may be...

Bitstamp BTC/USD pair is the 'official' price we use on this thread

agreed.. then OMFG 3580!!

btw, we are at mid sept 2017 prices   anything could happen!!


PS: hola Bren!

[bitserve]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

The nerd in me just creamed his pants.

How can he be in you if he's wearing pants?

This just made me miss the Mayor...

We all miss him. That's a FACT.

[jbreher]

We have now penetrated the 200 MA Weekly and have gone back to sitting on it.  Which is not a particularly good sign.  

this is great bitcoin chart needs to "reset" below $1000 :-D #oldschool coiners agree

What do the oldschoolers think about the hyperwave theory? https://www.youtube.com/watch?v=50ruB0sbwIg

Dunno. Unlikely to invest over an hour of my life to absorb a vid from an unknown. Is there a tl;dw?