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1421  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2018, 07:17:06 PM
Just bought s'moar. Dollar cost averaging on its way, especially on the way down as someone else has drilled into our collective heads  Grin

I hope my timing is lucky this time around. Not so much for the small advantage of buying slightly cheaper, but as a good start for a year final bull run in bitcoin's best tradition. Every moon climb begins by tackling a hill.

I've had some laddered buy orders sitting around for months going from $5,200 to $3,800, or something like that. Tempted to cancel those and just buy in around current levels, as bull season has begun. I'll likely buy in higher if I see confirmation that the bear trend is over.
1422  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2018, 06:54:10 PM
Segwit and nonsegwit are all "on the blockchain."  I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain?  I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp...   It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.

Yeah... about that....

Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it.

People testing the lightning network are seeing 400TPS easily between two nodes.  

Segwit let that happen.

Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ...

Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out.

But what difference does it make, jbreher, if "on the blockchain" or not,

Because 'on the blockchain' means 'on the blockchain'.

Because words have meanings.

Because the total value accessible* on the pan-global lightning network won't even buy a single house in some markets.

*Because that total value really isn't 'accessible' anyhow.

We that is the fundamental argument is't it?  I mean you ad-hom calling me a loon is not very effective, but that aside, The choice of the Bitcoin camp is to move mass tx *off* chain.  And segwit allowed that.  The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain.  I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain.

Lightning, or something extremely similar, would've been possible without segwit.
1423  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2018, 11:53:27 PM
Here's a recent interview with an interesting character: https://breakermag.com/john-mcafee-is-73-very-stoned-and-running-for-president/
1424  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2018, 10:43:12 PM
Guys, I'm scared. It's still under $10k.

 Cry

We are closer to 5k than to 10k


Which one will hit first?  What are the odds of $5k hitting first or $10k hitting first?  50%?  Greater?  Less?

Probably the odds are a bit in favor of $10k hitting first, even though that price point is further away than $5k, no?

Actually, Doug Polk already lost a bet on this point, but he was using $6k as the reference, yet the price had already breached $6k a couple of times at the time of Polks bet that $6k would not be breached again.  But he lost (barely, but still an unambiguous loss).

What if we were to choose a price point that is closer to our current price, such as $8,500, which is still further from us than $5k, yet seems that the odds of $8,500 hitting first are a bit greater than hitting $5k first?  Yes, no?  Anyone?  

Should we attempt to assign more specific probabilities, rather than just saying greater or lesser than 50% odds? I am sure that some folks are more confident than me to make an assertion and to assign a higher probability, and maybe even betting on a scenario that I currently am thinking is a bit less than 50% odds.

Even though I've been a bull cheerleader, I think we'd be more likely to hit $5K than $8,500 in the short term (1-3 weeks). There's more resistance on the way up to $8,500 than there is support to $5,000.

You have been falling more and more into a kind of bear perspective, especially after siding with that dumbass segwit troll, what was his name, Chip or something [edit - Anunymint]?  Perhaps you are helping us with a kind of indicator of capitulation?  

Remember that Adam (previous thread owner) went a little nutso right before our last bull run, even after the bull run had already started, so there might be a certain kind of WO thread owner spell that is necessary before the BTC price can resume UP...

ATTENTION WO thread activists (if there are any of you left, besides hairyberry?)..... Pee pare ur selfies!!!!!   GET out your petitions, ballots and campaign slogans to convince theymos to keep this thread ALIVE and to assign a new owner (as infofront devolves into moar crazy) !!!!!!!!      Cheesy Cheesy Cheesy

I'm not a fan of segwit, but that's neither here nor there. I'm been one of the most bullish mofos in here for the last couple weeks.

Anyway, maybe I'll go batshit crazy and convert all my BTC into BCH to trigger the next bullrun.
1425  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2018, 05:29:58 AM


I think that we should boticize you hairbeary.  Perhaps rename as you chartbotcized, a variation of chartbuddy.  

You just reminded me of terabear. What happened to him/her and all of our beartrolls?


Guys, I'm scared. It's still under $10k.

 Cry

We are closer to 5k than to 10k


Which one will hit first?  What are the odds of $5k hitting first or $10k hitting first?  50%?  Greater?  Less?

Probably the odds are a bit in favor of $10k hitting first, even though that price point is further away than $5k, no?

Actually, Doug Polk already lost a bet on this point, but he was using $6k as the reference, yet the price had already breached $6k a couple of times at the time of Polks bet that $6k would not be breached again.  But he lost (barely, but still an unambiguous loss).

What if we were to choose a price point that is closer to our current price, such as $8,500, which is still further from us than $5k, yet seems that the odds of $8,500 hitting first are a bit greater than hitting $5k first?  Yes, no?  Anyone?  

Should we attempt to assign more specific probabilities, rather than just saying greater or lesser than 50% odds? I am sure that some folks are more confident than me to make an assertion and to assign a higher probability, and maybe even betting on a scenario that I currently am thinking is a bit less than 50% odds.

Even though I've been a bull cheerleader, I think we'd be more likely to hit $5K than $8,500 in the short term (1-3 weeks). There's more resistance on the way up to $8,500 than there is support to $5,000.
1426  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2018, 09:14:57 PM
Masterluc = Long

Huh?
Go to moonn ??

I'd expect it to at least bounce around in the triangle a little more, but bull season should be upon us soon.
1427  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2018, 06:49:21 PM
FWIW Masterluc called the bottom of the last bear market when we hit $~160. Most other people were calling for <$100.

His short term analyses have been off, but he's been very good about calling the longer term tops and bottoms.
1428  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2018, 06:27:28 PM
Masterluc proclaims "Bear Market is near the end."



Edit: Here's the direct link: https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/
1429  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 11:10:43 PM
Rallying on bad news  Huh

 Wink

Edit: Actually, it might just be due to futures closing.
1430  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 10:52:06 PM


Too soon for these?

We have liftoff!
1431  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 08:53:45 PM
And BOB be glad , you can spare the liver today

Too late.

On beer #5 already.

Just do yourself a favor and take a day off now and then.  Wink
1432  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 04:43:20 PM
The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has been bcash's life support from the beginning, and they started to run out of bitcoins to support bcash. Going IPO means they're raising more capital, which they'd undoubtfully burn to continue propping up bcash.
I don't know any details about the IPO, but I guess the new stakeholders won't be happy to burn fiat to save bcash. If I were old money, I wouldn't put any "real" old money (fiat) into an enterprise without being granted a reasonable degree of control.

The current bcash pump is just to pump up Bitmain's Q3 balance sheet IMO.
1433  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 26, 2018, 08:20:13 PM
1434  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 26, 2018, 05:29:59 PM


Meanwhile, we're at a 72 on the Rosewater fear index.
1435  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 26, 2018, 12:54:26 AM
edit: strikethroughs and underlines - hunting season, what can I say?

Deer?
1436  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 25, 2018, 02:36:35 AM
Early indications volume may have bottomed





I don't entirely trust Novigratz, but he was saying the other day that sellers are totally exhausted. You can see a pretty clear decline in USD volume on this chart.
1437  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 24, 2018, 05:52:30 AM
I'm actually terrified at this moment.

Up is down.

Bottom is left.

Right is blue.

XRP is number two.

 Huh Huh Huh

As long as nr 1 stays nr 1  Grin more we don’t need

Actually Mic, who gives a ratt's ass, except some folks who are getting mislead by the significance of coin market cap when they have such a shit coin, such as XRP posted up there on CMC?  

Furthermore, it seems to me that there were times in which XRP would have already surpassed bitcoin on a number of occassions, especially if they accounted for its total supply - which also demonstrates their fake restriction of the supply, too.

Perhaps XRP going to number 1 on CMC would be a good thing in order to show more intelligent folks how stupid the XRP manipulated scam bullshit and lack of use case coin (beyond pump and dump ponzi) is being shown on CMC.
Yes, marketcap is a very bad metric to rank cryptocurrencies and also cmc is too popular with newbies. XRP wont make it to #1 ever and if it does i dont think people will abandon it but rather celebrate the new standard   Sad  Roll Eyes

Never say never about the manipulated bullshit when it comes to the fact that XRP is even on coinmarket cap and there are many pro ripple advocating folks who already concede that XRP is not a blockchain, so what the fuck is it doing on coinmarket cap in the first place?  I would not be surprised by some pumping shenanigans that could bring XRP's market cap above bitcoin... furthermore, there is real shenanigans as well with circulating XRP supply at 40 billion, but total actual supply of XRP is 100 billion.  

Is there something stopping the sales of some of those extra and hidden 60 billion XRP - which could well mean that those other behind the scene XRP should be considered as part of its valuation (showing further that XRP is way overvalued with restricted supply that causes it to be able to pump more easily)?  Actually, no one really knows why XRP was pumped this last time around, but they are certainly doing a lot of marketing and they get a lot of regular press that seems to deceive peeps into thinking that this next thing called XRP (have you heard of it) is the next thing to sliced bread.

If the BTC price stayed the same, XRP would need to reach about ~$2.91 to surpass bitcoin in marketcap. Considerding XRP's all time high was $3.84, that seems doable.
1438  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 24, 2018, 01:55:18 AM
Full credit to Awemany.  Just goes to show that not everyone involved in BCH is a criminal and fraudster. 

Actually everyone involved in BCH is a criminal and fraudster. The bug was introduced in the code before Bitmain Cash fork took place. They revealed the bug because they couldn't exploit it in any other way.

As HairyMaclairy said a little bit upthread -- albeit in an erroneous context -- extraordinary claims require extraordinary evidence.

You likely have your finger on the pulse of the bcash community more than anyone else here. How's everything looking in regard to the possible hardfork?
1439  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2018, 04:54:42 PM
I guess I finally capitulated. I selected 6500-7000 in the poll. I've always chosen bullish before this and been wrong so so so many times. Does that mean the price is finally going to rise?
If it makes you feel any better, I selected "$7,000-$7,500".

This has been an awful Bitcorn season.

Not sure what the harvest is gonna be like in December.

>$8,500

Guess I'm hopeless. Smiley

I guess we are still waiting on you to capitulate then, it will rise only after the very last hold out falls.

Hodlers don't capitulate. I think it's possible that if there are enough hodlers, we may not see a textbook capitulation event. Or we've already witnessed it.

I just meant capitulate on the poll. Or are you saying that hodlers don't even do that? If so than I guess I'm not part of the hodlgang any more Cry

Oh, sorry. I think it's acceptable for hodlers to capitulate on the poll.
1440  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2018, 06:03:48 AM
https://www.coindesk.com/novogratz-says-crypto-market-showing-classic-bottom/

Quote
Michael Novogratz, the founder of the cryptocurrency asset management firm Galaxy Digital, believes the market has hit a bottom.

The market is experiencing "seller fatigue," Novogratz contended while speaking at Yahoo Finance's second annual All Markets Summit on Thursday, and added further that bitcoin, the biggest cryptocurrency by market capitalization, is now on the upswing.

Indeed, bitcoin is showing signs of life, having persistently found takers around $6,000 in the last three months. Hence, the signs indicate that the bears have likely run dry.

Novogratz also took note of the "classic bottom" in Galaxy Digital's cryptocurrency index, which is down more than 80 percent from its peak.

The valuations are cheap by December standards, and that could entice bargain hunters and investors like Novogratz who view bitcoin as a store of value.

"Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value," Novogratz said, according to a report from Reuters. The billionaire investor also told attendees that, in his view, plenty of money is waiting on the sidelines.
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