Bitcoin Forum

Y'all way too quick to try and call me out nutildah :)

hotpassion did you really re-buy at $46k? still think it will make $100k?


I think the question now is where BTC finds support. I'm seeing a little volume at $23k but I think it will have to test either $19k or $12k. The latter could be brutal! Honestly though I thinks probably going to be the former. All depends on how well y'all HODL ;)

$12,000 would be one of those once in a lifetime  “gifts” to buy one of the most valuable “assets” of the cryptocurrency age. The Bitcoin market comes in cycles, and each cycle is bigger than the cycle before it. Sorry if you sold too early, and good luck HODLing your forked-forked-shitcoin-of-a-forked-shitcoin-that-will-never-be-Bitcoin.

Thanks!

Do you think it would go as low as $12k then? I would have thought ~$19k (prior ATH) would be pretty good support?

Personally, I do not think we will see sub $20k prices again, the previous all time high should be a pretty solid support range and any drop below that would most likely signify an end of this bull cycle. Bitcoin has proven to be unpredictable so I would not rule out any possibilities, if it does drop below $12k, it's an opportunity to accumulate more.

The BTC price is still somewhere around 32K USD and there are people,who are discussing a 19K and 12K USD Bitcoin price.This seems like an exaggeration.Do you wanna scare the BTC newbies and create panic selling?
Just kidding.A post in the Speculation forum cannot create panic selling on the crypto markets. ;D
I kinda lost hope that Bitcoin will return back to 50-60K USD.The possibility of a price drop below 30K or even 20K is real,but I don't want to think about this right now.I'm gonna HODL,because I'm too scared. ;D
The other strategy is to act like the bears on the market-sell now and buy cheap Bitcoins later.

Meh I guess 12k was way too overrated maybe like 15k was possible but I'm not waiting for that to be realized. If it happen then lucky for those who can make the timing. We will rise, it may not be imminent but we will get there testing that ATH again.

it's to hard to say now if it will gonna happen as it's keep holding right now at the current support level, indeed its been how many attempts to break it even the previous massive decline because of elon's and etc, seems to hard to think that this bad news will gonna break it after all.. And 20k seems unacceptable to happen.. Perhaps we need to wait for more results before making a estimated value..

If this is simply a correction, then looking at 0.618 fib-retrace off the bottom at 3122 it would would put the bottom at around $26,700

https://i.imgur.com/ictDqdP.png

If we go even further back to the prior bottom of $152 (there's a theory that each cycle comes in two waves, posted some years back but I dont have a link to hand) then  0.618 would put the bottom at around $24,800

https://i.imgur.com/LYXqa9A.png

Both of which seem way better than retesting the prior ATH!


glad you cleared that up! - for a sec I thought I was back in 2011 ;)

Wait!? That doesn't sound like the speculation sub-forum ;)

Last week, I thought it'll be around the $35k mark for at least a couple of weeks but I was wrong and based on recent events, I think we're going to see the support level at around $27^[ish]k.
^{- FYI: I have no doubts it'll reach the $100k mark someday but it's not going to happen in a year or two [probably in 2024 - next halving].}

So far soo good on the $27ish call - bounced off around $28,5 which is close enough in my book. Seems to be trading sideways for now. I really can't make any kind of call at this point is so hard to tell.

The head and shoulders patter is still in play, which would dictate further downwards momentum, however declining volume could point towards momentum dwindling, opening the door for another up-trend. I would hate to be a trader right now :)

This is a healthy makeup we got in this here forum, that's for sure. I'm beginning now to use proudhon and sgbett's predictions as my worst-case scenario settings -- and actually am not too unhappy with that (with perhaps the difference being I'm only using the 2021 timeframe as I'd really like to diverge farther in '22).

And that's credit to you OP;) When did you say 19/12k again?

::)

They’re trolling, and they probably regret selling every Bitcoin they had below 2017’s ATH, or maybe 2014? Hahaha. They WISH Bitcoin will crash down to $12,000. But that’s all it will be. A WISH. They should accept and live with the fact that they are stuck HODLing a-fork-of-a-forked-shitcoin-that-will-NEVER-be-Bitcoin.

Heh yeah, I know at least one of them is, doesn't hide it too well sometimes, but yeah, credit enough to them if they were even around at 2014, but I can imagine the pain of letting go every time and then seeing those milestones left behind in the dust. I'd be sick to the stomach.

$12k even if it happens is bound to be the all-time support for this cycle, not sure any bear will be happy with that result if they don't actually have the shorts to back it up.

Dear sgbett,

While preceding reputation deems me cantankerous, I do not mind bearing your revisionist platitudes. Yet I am reminded of a saying that I came up with. Yes I know it was me because I'd never heard anyone say it before me so it must have been.

"Anyone can be right given a long enough time frame."

Regardless, you shall require not only a new time frame but an entire parallel universe in order for BSV to ever come close to meeting your wildly unprincipled expectations.

And with that sir I bid you good day.

I prefer

https://i.imgur.com/HywgEZd.png

There's a long thread (https://bitcointalk.org/index.php?topic=2541338.0) in which I was roundly mocked despite calling the top, the first bounce, and having a 3 year long forecast play out pretty accurately until Tether showed up (https://amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/) and pumped $60bn of fake dollars into the market. I'm relatively comfortable being wrong at times.

Let's also not forget I was mocked for suggesting a high of $560k (https://bitcointalk.org/index.php?topic=800330.0) back in 2014, after a 9 month downtrend from a previous high of $1200 and a then current price of about $500. A downtrend I had bought into several times. The record clearly shows I am literally one of *the* most Bullish Bitcoin maxis. Thats why I pay a lot of attention to, and why I know more than the average bear about Bitcoin.

As a result, one thing I'm confident I am not wrong about is Bitcoin. nutildah and the rest of the hat gang are so impatient, I can handle being "wrong" all this time because I know that eventually I will be proven Wright (https://bitcoin.org/IL-2021-000008-Wright-v-Cobra.pdf) ;)

I don't think bitcoin can test either 19k$ or 12k$ at worst it will touch 23k$ although I am optimistic that it will never reach that level, in my personal opinion the lowest level that bitcoin can reach will be at the 28k$ barrier where there is very strong resistance .
Personally, I am optimistic that even if Bitcoin reaches these levels, we will see a new ATH before the end of the year, perhaps at 77k$ or even 100k$. We went through much more difficult circumstances than these. All you need is time and patience, and Hold is the best option in such cases.

Dearest sgbett,

I hope this missive finds you well.


When you closed your last wonderful thread on Feb. 21st, the price of BTC was about $50k, up close to 50% that month alone. Indeed enough action to make the leatheriest of short sellers share this sentiment:


Now the price has retraced back to where it was at the beginning of February, which means you were wrong in both timing and direction. And here you are trying to sculpt this affair into some sort of proof that you were right all along... Can't really understand why you would attempt to do such a thing.

But as others have astutely observed your mere presence is historically something of a reverse indicator, and we like having you around. If anything its good exercise reminding oneself of the big picture.


On the contrary, I'm willing to remain patient long enough for you to come around to the understanding that nobody wants to use a centralized bitcoin controlled by a fraud. Even if you'll never publicly admit it.

Cordially yours,

nutildah

There's a certain satisfaction for getting mocked, I know I've had my share in my field(s) and have taken it on the chin, as it is an acknowledgment of sorts that we may know what we're talking about, even if we're not on the same page. I do like the hat gang a lot, I'd throw in my lot with them if this were a 2-sided game, but I'm also highly entertained by the comments of you and others of a different cloth.

I confess I never really know the complexities and nuances of all Bitcoin maxis, but I look forward to seeing more of this play out. Also, the various versions of the Bitcoin end game many of us believe in won't be for a very long time, and my belief is we won't any of us be alive to witness any of those ends, but we'll see a lot more years out, and I still rather feel we'll most of us end up winning in various ways.

P.S. I do struggle to really understand the CW-tinged sympathies, but I'd rather blank that out and enjoy everything else you talk about. Call me apolitical or ignorant? But the bliss taking refuge behind that is real;)

I like the cut if your jib! Pay no attention to my musings on CSW, they are just the ramblings of a mad old fool. OTOH 50k tx/s, virtually zero fees, and instant settler due to no RBF, CPFP and adherence to first seen rule… no wait that’s also mad too. Right?

Insert 4 quadrant princess “right!?” Meme ;)

Then who pays for the costs for keeping the whole network together? The miners? But Block Rewards are going down, and it has “virtually zero fees”? Will the miners hard fork, then extend the supply cap?

Well gee gosh, I hadn't even considered that... *rolls eyes*

Take a very small number such as the cost of a Bitcoin transaction these days: 0.4sats/byte
Take a very large number such as the size of the biggest block that has been processed on main-net: 638mb

Thats 2.52 Bitcoin in fees right there.

You probably won't be aware of this in BTC land, but the guys at nChain are targeting *terabyte* blocks. If anything the sat/byte is going to get smaller because a 1TB block would be 4000 Bitcoin in fees at the current rate.

No need for your "sky is falling" scenario - if antything its BTC that is going to have a problem once the subsidy goes away...

Yes, but where? How many transactions does Bcash SV currently have on average per block? As the block rewards go down, it’s being killed because there will be incentive to mine. Next halving will be on 2024.


Haha. Anyone who has basic understanding of how Bitcoin works knows the folly of that goal, but GOOD LUCK!

Nothing is wrong with Bitcoin SV by itself. It's a fork that has active developers, and even though it doesn't have actual use cases or economic utility, I can admit its a step up from Bitcoin Gold or Bitcoin Diamond.

And that's it. Every cent above $50 or so is sustained on the lie that Wright is Satoshi.

And as I stated before, nobody wants to use a coin led by a fraud. You should be more embarrassed defending his foolish exploits.

https://i.ibb.co/MsLHw38/BSV-difficulty-16-7-21.png

Congrats on reaching a multi-year low in mining difficulty.

https://i.ibb.co/MVKc2RW/bsv-blocks-16-7-21-2.png


https://i.ibb.co/54d2Rs8/bsv-blocks-16-7-21.png

Price of BSV on Feb. 17: $182
Price of BSV today: $127


You're big on loosely reinterpreting your old quotes into creating tenuous cases for being "right". Well how about this? I told you what actually mattered, was right, and you bulldozed over it in order to continue being wrong, inevitably leading anyone who listened to your advice to financial loss.

You insist that you are an intelligent person but then you open threads with gross misinterpretations of fact, like this one:

Craig Wright recognised by US Govt as Satoshi, author of white paper (https://bitcointalk.org/index.php?topic=5145673.0)

So of course that was a lie, or "false."  ::)  Not at all incongruous to simultaneously demand respect as an intellectual and be capable of making such "honest" "mistakes."..  ::)

Ah the folly of creating a p2p electronic cash system that can be used by the entire world. I bet nobody wants that.

@nutildah I used to think a lot of things about Bitcoin that I have since learned are wrong. I think it's important to be able to revise your understanding when you learn new information. A good example would be running a non-mining node. I used to run three, I though I was helping to strengthen the. network. Then I learned new information, and understood I was basically burning money. The network doesn't need me. Seeing UASF unfold confirmed it, because nobody could actually explain why a non-mining node was useful, they would just wax lyrical about decentralisation and protecting us from evil miners. Not once acknowledging how the incentive mechanism works and why it keeps honest miners honest.

I also think it's important to troll bitcointalk from time to time in order to gauge reactions. It's up to others to figure out when I'm trolling and when I'm serious. Think of it as an intelligence test. It's up to you whether you pass or fail :)

There’s no folly in that, but the folly is in the design-decisions made by some of these fork-of-a-fork forked-shitcoin “developers”, that makes the network scale in instead of out, and claim that it’s “scaling”. Good luck developing your GIGA-MEG block network.

Plus newbies are currently more educated about Bitcoin today, good luck convincing them.

Sorry my edit coincided with your reply.

Newbies are influenced heavily by what is on social media. This is awash with a kind of groupthink that matches what is on bitcointalk, r/bitcoin etc which everyone knows is heavily moderated.

When you look at nullc's history at wikipedia it all paints a very clear picture.

Its also antithetical to Bitcoin, which is about maintaining a single ledger that can be trusted, and verified by anyone.

You didn't actually refute a single thing I said.

I explained very carefully why you should not be trusted, laying out the evidence necessary to back my claim.

Then you countered it with a series of non-sequiturs, trying to assert that even when you're wrong you're right because you were "just trolling."

I'll say it again sgbett: nobody should listen to you for financial advice, and nobody wants to use a coin led by a fraud.

No, I used to believe “bigger blocks = better for higher transaction throughput”, without truly understanding how the network works, and believing it was as simple as increasing the block size. I was conned, and I learned the HARD WAY. Newbies must learn too, either the easy way or the hard way.


I will say nullc is a fraud, if you say Craig Wright is a fraud.

Craig is Satoshi. nullc knows this and there is nothing he can do it about, however much he might try with his army of reddit warriors and his taxi r/bsv hate sub to try and denigrate him and BSV. It's laughably childish and entirely consistent with his past behaviours of astroturfing & sock puppetry. Meanwhile back in the world of grown ups the COPA case coming up. It is interesting how CSW name is mud, alleged a fraud by all, and yet no-one has actually taken him down. You'd think that would be easy if it was so obvious. McCormack backing out of the truth defense was awkward. A "crazy amount of evidence he is satoshi" but still nobody gives him any credit for his deep knowledge of Bitcoin due to him having invented it!. Meanwhile its the rock stars like Tether, Coinbase, Binance that the regulators are getting twitchy about, all while twitter laser eyes extoll their virtues about how legit everything all is and the Aussie man is bad.

Perhaps all is not what it seems with what you have heard about Craig.

But yeah you were conned alright, way before CSW came along. The poisoning of the well with regards scaling and block size started probably 2013, which then evolved through 2015 into social media attacks, censoring anyone that dared question block size limits, attacking Gavin and Hearne to kill Bitcoin XT, the coupe de grace was SegWitx2 and UASF - quite an incredible piece of public manipulation. "Hats off" so to speak :)

It's also interesting how I hear "simply increasing the block size" said a lot, like BSV is just some repo-fork that tweaked a parameter lol. Increasing the block size was far from simple, given the amount of damage done by core hacking in workarounds for a 1MB capacity - they fundamentally broke Bitcoin in ways that you folks still don't even comprehend. Probably not because you aren't capable but because you refuse to beleive that maybe, just maybe, you have made a miscalculation. In that situation it is absolutely vital you don't expose yourself to anything that might exascerbate the problem.

The work that Shadders and team did was phenomenal and this was just to get the BSV client into the ~1gb range to buy some time for what comes next.

The throughput in teranode represents an entire architectural shift away from monolithic nodes to horizontally scalable node farms that split up work. It's beyond core's wildest dreams. I don't suppose anyone I paying attention though. All asleep at the wheel as usual.

Surely I am the one learning a hard lesson for dumping all my BTC? ;) Perhaps all my time is taken learning other things such that I haven't had time for that particular lesson.

@nutildah you are the same as every other BTCer when it comes to evidence, you think reputation, hearsay, PoSM campaigns all mean something - its the same kind of BS that gets levelled against Craig, and more recently any BSVer on twitter etc and everyone laps it up. Your blindness to this phenomenon makes you all so sure that I am wrong, and so you hold onto played out beliefs of days gone by about "non mining nodes" and "lightning network" even whilst Blockstream are now unashamedly doing exactly what was predicted in 2014 (https://www.reddit.com/r/Bitcoin/comments/3bpese/blocking_the_stream_the_blocksize_limit_debate_in/). You ignore that and carry on LARPing the average 2015 bitcointalk degen. It's like talking to ICEBREAKER and brg444 all over again. When things dont go your way will you make a silent exit stage left too?

Be nice and easy for you all given you are all anons with no reputation to burn.

OK, then maybe Gregory Maxwell is Satoshi, and there is nothing Craig Wright can do about it. Obviously, gmaxwell is the better coder, and Computer Scientist.


That sounds like “someone else” would do. 8)


Nothing in that post proves Craig Wright is Satoshi.


The debate was technical, not political. XT would have been an unsafe risk if everyone came to consensus around it, and if the network actually forked to it. That would be the end, then we would have Satoshi spinning on his computer chair, in his mom’s basement.


Then show everyone, and argue for the improvements made in BSV.


I almost laughed, but sorry. More details should be necessary. Node count, how many gigemeg blocks it handled consecutively.


OK, why don’t you explain teranodes, and BSV’s architecture. There’s nothing there in your post, but this and that, and it will be “insanely great” like you’re Steve Jobs.


Surely. In the end of everything the participants speak truly through the market.

Some miners seem to have some fun on the BTC S(hit)V(ersion) chain.

Yikes.

https://twitter.com/lucasnuzzi/status/1422637361138130944

Today is a good day.