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1441
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 08, 2019, 10:56:45 AM
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FRESH FROM WANGA/MASTERLUC TELEGRAMRussian Original source: Дневная ма200. Мой прогноз сменился на медвежий, когда мы оказались под ней. Теперь обратная ситуация. Чистый пробой вверх, подтвержденный выделяющимися объемами. Сюда же можно запилить факт пробития вверх недельной ма20. Долгосрочный прогноз: бычий. Новые высоты стоит ждать через 12-18 месяцев. Google translate: Daily MA200. My forecast changed to bearish when we were under it. Now the opposite situation. Net breakdown confirmed by prominent volumes. Here you can also note the fact of breaking up the weekly week. Long-term prognosis: bullish. New heights worth waiting in 12-18 months.
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1443
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 08, 2019, 10:17:45 AM
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Blah blah blah larger block blah blah
You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend Yeah, I get it. But some here seem utterly oblivious to the consequences thereof. No need to save us bro. Go save someone else. It isn't saving us when he knows who he partners with, the scoundrels looking to manipulate and lie to force their profit. Roger does it through pretending Bcash is Bitcoin, Jihan floated the price with the force use of it for hardware, Craig lies about being Satoshi and having those follow his "vision". It's all bullshit of these scumbags trying to force a profit and have some sort of power and fame. i owe you a big fat merit. Got you covered |
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1445
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 08, 2019, 02:05:50 AM
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I think I can now safely predict we are going to close this weekly candle on the green.
Y so reckless? Calculated risk, yo #YOLO I mean... holy fuck!!!! We were pretty certain to get green this week, but look where we ended up. We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000. In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see. Way too early in this week to be predicting what will happen by the time we reach the end of this week. Yup, next week candle could be anything (even either a $1000 pump or dump... or some sideways). Good thing is a red candle (as long is it is above support) would not break the (at least temporary) bullish trend. We will see. This is fine. Personally, I could give a ratt's ass about where the support is exactly, and I would assert that a red candle at the end of this week would be fine, acceptable and reasonably bullish, as long as it is within the territory in which we started this pump..... which is $4,200-ish, and even likely better if it stays above and closes above $4,200-ish. As you may notice, sometimes, I get a bit aggressive towards lines on a chart... unless they happen to fall in a framework that resonates with my range bound framework.  4.2K would be too low unless it strongly rebounds there. If we can keep $4800, a golden cross would be due in around a couple of weeks, which could be very bullish. Of course, Bitcoin will do whatever he feels like. As always. |
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1448
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 08, 2019, 01:08:26 AM
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You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001 BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001 BTC profit. Go buy an island with that.  nah it's bots Even if they are bots, the sums of the simultaneous trades is way below 0.1 BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1 BTC. Wrong conclusion. I regularly test new strategies with small amounts. And there are other reasons as to why you might want to do a lot of small trades over fewer larger trades. Also, 0.05 BTC is enough to retire within ~5 years if BTC goes to 100-300k and you trade shitcoins with a decent entry and exit strategy. Yup, now that I trade very little, most of my orders are (multiple) small orders. 0.05 is indeed a size I do frequently use nowadays. For some reason I have been gradually lowering my order size with time..... even if my total stash is always at record size. Of course I have also lowered a lot my exchange exposure. Sometimes I do think I just keep on trading to not lose the practise, and not so much for the profits.... which, even if small, do nicely accumulate over time though. |
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1449
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 08, 2019, 12:46:31 AM
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I think I can now safely predict we are going to close this weekly candle on the green.
Y so reckless? Calculated risk, yo #YOLO I mean... holy fuck!!!! We were pretty certain to get green this week, but look where we ended up. We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000. In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see. Way too early in this week to be predicting what will happen by the time we reach the end of this week. Yup, next week candle could be anything (even either a $1000 pump or dump... or some sideways). Good thing is a red candle (as long is it is above support) would not break the (at least temporary) bullish trend. We will see. This is fine. |
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1450
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 08, 2019, 12:37:02 AM
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They will probably just reuse LN channels and just settle them regularly. With enough transactions, maybe they would be settling those channels hourly...
Settled? You mean become actualized on the Bitcoin chain? Yes, ... Ohkaaay.... If the average channel is settled on chain hourly, then given current block size, you have limited the Lightning Network to about 20,000 channels. Not users, channels. IOW, I think you might want to work on your hypothetical scenario. Your way of "sanitising" quotes, cutting here and there makes it loses all context. I was talking about a future scenario where Bitcoin has been massively adopted just to show how it would be possible and how L2 would play a key role on it. As I said, we would be talking about one settlement for each thousands of L2 tx's. Also, not all opened channels would be of global payment processors needing a more frequent settlement. Also we would be talking about hundreds of millions daily higher layer tx's. If someday Bitcoin would reach that level of massive adoption it will be gradually adapting to it. And yes, it will be having some blocksize increase along the way, as needed to accomodate the usage from higher layers. We are not already there. So you can't use future usage numbers with current limitations. That makes no sense. I was just showing that it will be possible to scale MASSIVELY without an accordingly LINEAR blocksize increase... which seems to be the choice of other coins... and that's not SCALING. |
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1455
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 07, 2019, 01:26:15 PM
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im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.
It's very risky by any means. Yes, dangerously insufficient amount of duct tape, by any standard. That type of plug is only for such low-power equipment that the wire gauge will be fine. Not everyone has duct tape at hand. I would have used some chewed gum. Someone might get hurt otherwise. |
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1457
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 07, 2019, 02:35:37 AM
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They will probably just reuse LN channels and just settle them regularly. With enough transactions, maybe they would be settling those channels hourly...
Settled? You mean become actualized on the Bitcoin chain? Current LN channel capacity limit is just a temporary safety measure... It will get raised as needed.
That's what used to be said about block size. Yes, it is not my problem as a user when (if ever) they settle my coffee payment. Or my burger. Or my (whatever pocket money purchase) I did. Maybe they don't even settle as often because, your know, incoming/outgoing tx's sometimes are not that much unbalanced (see banks, even though they do regularly settle). But as I said, I just deposit some pocket BTC money in one of those providers and all that I care is that they route my small instant tx's. For all the rest, there is L1. About your second point... well, if they were as evil as you sometimes imply that they wanted to cripple L1 and just move everyone to L2 they would need to raise that limit. So either they aren't or the limit will be raised. In fact I am sure it will be raised, eventually. I do also think the blocksize will be raised (moderately) sometime soon... if they don't, I will certainly be very dissapointed... probably not so much as to leave Bitcoin for [insert here your preferred alternate shitcoin], but dissapointed indeed. |
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1458
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 07, 2019, 02:20:06 AM
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^ I can tell you how L3 would work. (custodial L1/L2 wallets) Global payment processors with deals between them.... except they will probably be using L2/L1 to settle between them regularly (ie: hourly?)
IF Bitcoin some day gets massively adopted, that's how it will be done. You can quote me for posterity.
Yes i can see it happening that way, but what i meant was from a technical point of view how they will achieve this.. so it is trustless and open. They will probably just reuse LN channels and just settle them regularly. With enough transactions, maybe they would be settling those channels hourly... after processing thousands of individual transactions in that time over each channel. Current LN channel capacity limit is just a temporary safety measure... It will get raised as needed. |
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1459
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 07, 2019, 01:41:19 AM
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... insults is all he's got.
I disagree with him on many (most) points but this...just ain't so. For sure he's a smart guy and makes some good points. "Smart" isn't in short supply. I grew up in a smart city, was surrounded by smart people, went to a smart university, got a smart degree. I'm just not impressed with "smart." Some people can be extremely intelligent by some measures and especially dumb in others. So what is "smart"? In my experience, honesty and integrity are far more scarce and far more valuable attributes. I've watched "smart" people destroy the world around them, and themselves, during the course of my lifetime. I'm just not impressed by "smart." "A hard cap on on-chain txs is a hard cap on on-chain txs, any way you try to spin it." <- then it doesn't matter what size you raise the blocks? how could you advocate larger/bigger blocks when you do not believe in it as a solution to deal with transaction congestion. WTF are you babbling about? I advocate larger blocks, as I do believe in it as a solution to deal with transaction congestion. Quite a splendid one, in fact. Let's just babble about L1 as the only solution.... Any idea around how big should the blocksize be to support all VISA/Credit card tx's? How much would its blockchain grow for each year? Now... Should crypto REALLY succeed (also) as a peer to peer cash system... How big should it be to even support 10% of current *CASH* payments/transactions worldwide? ... There's no way crypto can *scale* MASSIVELY just on L1 alone. P.S.: I do also advocate for "larger" blocks.... just not as large as you do. Just enough to support higher layers efficiently and maybe with some spare... and that whatever is implemented, it would be done with CONSENSUS to not harm the store of value proposition as a side effect. |
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