Bitcoin Forum
March 28, 2024, 11:26:03 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

Pages: « 1 ... 11652 11653 11654 11655 11656 11657 11658 11659 11660 11661 11662 11663 11664 11665 11666 11667 11668 11669 11670 11671 11672 11673 11674 11675 11676 11677 11678 11679 11680 11681 11682 11683 11684 11685 11686 11687 11688 11689 11690 11691 11692 11693 11694 11695 11696 11697 11698 11699 11700 11701 [11702] 11703 11704 11705 11706 11707 11708 11709 11710 11711 11712 11713 11714 11715 11716 11717 11718 11719 11720 11721 11722 11723 11724 11725 11726 11727 11728 11729 11730 11731 11732 11733 11734 11735 11736 11737 11738 11739 11740 11741 11742 11743 11744 11745 11746 11747 11748 11749 11750 11751 11752 ... 33202 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336410 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
March 18, 2015, 08:00:37 PM

I hope bulls are stupid enough to buy it up to 280$ again. 275$ would be fine too. Go for it!
Yeah in theory there should be a fairly decent bounce right about now. It might still come, but for now buying is pretty weak. Bulls wasted all their fiat at around $290-$300 buying some of the chinamen megaminers' asks  Cheesy

If you stare at the bid sum on the various exchanges for long enough you will start to hear crickets sound.

http://coinsight.org/huobi
http://coinsight.org/bitstamp

https://www.youtube.com/watch?v=Yd0fBXwDBmo
1711625163
Hero Member
*
Offline Offline

Posts: 1711625163

View Profile Personal Message (Offline)

Ignore
1711625163
Reply with quote  #2

1711625163
Report to moderator
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711625163
Hero Member
*
Offline Offline

Posts: 1711625163

View Profile Personal Message (Offline)

Ignore
1711625163
Reply with quote  #2

1711625163
Report to moderator
1711625163
Hero Member
*
Offline Offline

Posts: 1711625163

View Profile Personal Message (Offline)

Ignore
1711625163
Reply with quote  #2

1711625163
Report to moderator
1711625163
Hero Member
*
Offline Offline

Posts: 1711625163

View Profile Personal Message (Offline)

Ignore
1711625163
Reply with quote  #2

1711625163
Report to moderator
sAt0sHiFanClub
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


Warning: Confrmed Gavinista


View Profile WWW
March 18, 2015, 08:01:10 PM

we're doomed

Im just pissed at verto for running off with all the bitcoins I spent on coke  for last weekend at Loaded's request.

I feel used.  Cry Cry Cry Cry
Andre#
Hero Member
*****
Offline Offline

Activity: 737
Merit: 500


View Profile
March 18, 2015, 08:02:37 PM

As I recall, your original claim was that it would be possible for 'any kid with a laptop' to effectively remove the 21M bitcoin cap.  This is NOT an example of that happening.

After a hard fork, as long as both branches survive, there are twice as many bitcoins around.  If you had 100 BTC before the fork, then after the fork you have 100 "Series A" BTC and 100 "Series B" BTC.  

As I clearly said every time, whether people bother to mine and use each Series is a political and marketing qestion.  There is no technical obstacle to both series of bitcoins surviving and retaining some value (but quite likely their combined total value will be no greater than what the "Series A" were worth before the fork).

At the last hard fork, everyone agreed to abandon the "Series A" bitcoins and use only the "Series B" ones.   If we have another hard fork to increase the block size, some people seem to be willing stay on the "Series A" branch.  I don't know what will happen, but, agan, it will be decided by political processes, not by technical mechanisms.

Do you really not understand that when you say 'series A bitcoin' and 'series B bitcoin', you are really saying 'bitcoin', and 'some altcoin'?

It's true that you will have a free supply of 100 units of the alt coin, which may or may not retain value over time, depending on whether anyone continues to mine it - but you will still only have 100 bitcoins - whichever branch eventually establishes itself as the 'real' bitcoin.



Why do you bother? I don't know if he can qualify as a tldr-troll or just a stubborn idiot, but he won't budge.
And he sort of shows the limitations of other people I respect on this forum.
He's managed to engage people like oda.krell and others in long winded discussions where he is impervious to reason, but manages to make them believe that they are having a real discussion rather than him using them as his soapbox.

It's no use. Let it be.

I concur. Just leave him. You gave it your best, and everybody (with the possible exception of Jorge himself and the NLC family) agrees with you.
AZwarel
Sr. Member
****
Offline Offline

Activity: 401
Merit: 280


View Profile
March 18, 2015, 08:03:35 PM

As I recall, your original claim was that it would be possible for 'any kid with a laptop' to effectively remove the 21M bitcoin cap.  This is NOT an example of that happening.

After a hard fork, as long as both branches survive, there are twice as many bitcoins around.  If you had 100 BTC before the fork, then after the fork you have 100 "Series A" BTC and 100 "Series B" BTC.  

As I clearly said every time, whether people bother to mine and use each Series is a political and marketing qestion.  There is no technical obstacle to both series of bitcoins surviving and retaining some value (but quite likely their combined total value will be no greater than what the "Series A" were worth before the fork).

At the last hard fork, everyone agreed to abandon the "Series A" bitcoins and use only the "Series B" ones.   If we have another hard fork to increase the block size, some people seem to be willing stay on the "Series A" branch.  I don't know what will happen, but, agan, it will be decided by political processes, not by technical mechanisms.

Do you really not understand that when you say 'series A bitcoin' and 'series B bitcoin', you are really saying 'bitcoin', and 'some altcoin'?

It's true that you will have a free supply of 100 units of the alt coin, which may or may not retain value over time, depending on whether anyone continues to mine it - but you will still only have 100 bitcoins - whichever branch eventually establishes itself as the 'real' bitcoin.



Why do you bother? I don't know if he can qualify as a tldr-troll or just a stubborn idiot, but he won't budge.
And he sort of shows the limitations of other people I respect on this forum.
He's managed to engage people like oda.krell and others in long winded discussions where he is impervious to reason, but manages to make them believe that they are having a real discussion rather than him using them as his soapbox.

It's no use. Let it be.

I just wrote him a detailed reply how the consensus mechanism works. I think i have nailed it and he understands, if not, i has the power of ignore:)
michaelGedi
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


"to be or not to be, that is the bitcoin"


View Profile
March 18, 2015, 08:03:48 PM

Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
March 18, 2015, 08:10:11 PM

LOL!



Bitfinex longs are now even higher than before the dump!

$22.4M

coinableS
Legendary
*
Offline Offline

Activity: 1442
Merit: 1179



View Profile WWW
March 18, 2015, 08:11:07 PM

WHOAA  Shocked  Look at that 1 HR long/short sentiment.

http://bfxdata.com/sentiment/longshort.php

I still think it's too soon to jump back into a long.
SnokkomBTC
Hero Member
*****
Offline Offline

Activity: 559
Merit: 500


View Profile
March 18, 2015, 08:12:19 PM

Lol, I think we are a little bit oversold.  Shocked

podyx
Legendary
*
Offline Offline

Activity: 2338
Merit: 1035



View Profile
March 18, 2015, 08:12:41 PM

Some longs definately have to get burned

Remember, this could be the last beartrap, it has to be decently believable atleast Wink
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
March 18, 2015, 08:16:19 PM

Some longs definately have to get burned

Remember, this could be the last beartrap, it has to be decently believable atleast Wink

Wisely spoken. Are the dumped coins over yet? Or were not there at all and this is all orchestrated?  Roll Eyes
HalFinneysBrain
Full Member
***
Offline Offline

Activity: 201
Merit: 100


View Profile
March 18, 2015, 08:16:42 PM

What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  
dreamspark
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
March 18, 2015, 08:17:23 PM

What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Exactly why this is very very bad.
solex
Legendary
*
Offline Offline

Activity: 1078
Merit: 1002


100 satoshis -> ISO code


View Profile
March 18, 2015, 08:18:11 PM

I am not sure, but i think you do not understand how the bitcoin network works. Every day we have several "hard forks" in the form of orphaned blocks. You simply do not understand the consensus mechanism, if you insist that A and B blockchains can coexists - with the same mining power behind them!- for more than say 2 consecutive blocks (on avg 20 minutes), and that they both individually represents bitcoin as per se. No, they do not.

The whole point of the consensus mechanism is to only and ever follow the longest chain of blocks in the long run, a.k.a. deciding which chain of blocks (A vs B) represents reality, and totally disregard transactions happened in the less long chain of blocks once a the n+1 block found. Hence your theoretical "B" chain would be instantly will be abandoned by the majority of miners (mining is automated by algorithm, not a press a button every ~10 min if you accept or not), resulting in that all the nodes will continue downloading and propagating the longer A chain, essentially destroying the B chain by the time the next block found. That B chain n-1 block became an orphaned block.

Yes, you can mine your own forked "B" copy of the blockchain at your laptop - offline! - until you start synchronise with the network, your B chain gets instantly overwritten by the majority A chain.

Also, your B chain will not ever propagate because: the moment you fork, you also inherit the difficulty of the A chain. That difficulty is so high, that your laptop will practically never finds the next block (which by the way will be without any transactions, since you are offline from the main A chain nodes), and without no new block, your offline node/mining copy will never reach enough blocks (aprx 2600) to reduce difficulty. This means that B chain will be hopelessly shorter than the A chain -> rejected by all miners/nodes on A chain.

TLDR.: Your idea will never work -not even in theory, since you missing the point in the first place- because the whole point of the PoW census is to have only ONE representation of the true about transactions (unspent BTCs sitting on addresses). By the way any full node wallet has the whole copy of the blockchain, every time you go offline more than 1 block, your copy is forked from A chain to B chain (n-1 long blockchain)....

EDIT: if you think that the state of the blockchain is a political decision, you are seriously should STOP posting bullshit here please. You do not understand the very basic idea: consensus through mathematical proof independent of central authority ( which is politics...)

Well Said!

The sad truth is that not only does Jorge fail to comprehend how PoW consensus works, but he also fails to understand why Bitcoin is sound money. He has spent a year on here, most of that time totally wasted, including the time of many of us here in this forum who are willing to learn from others.
Ayle56
Full Member
***
Offline Offline

Activity: 185
Merit: 100



View Profile
March 18, 2015, 08:18:18 PM

What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Where are you getting your information about longs and shorts from?
dreamspark
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
March 18, 2015, 08:19:14 PM

What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Where are you getting your information about longs and shorts from?

http://bfxdata.com/
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
March 18, 2015, 08:20:59 PM

What the heck, why are margin longs increasing and shorts decreasing on this drop?  I wouldve thought it would be the opposite.  

Where are you getting your information about longs and shorts from?

http://bfxdata.com/

i like to watch this page  first graph

http://bfxdata.com/combined/btc.php
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
March 18, 2015, 08:21:58 PM

RIP:


ghandi
Hero Member
*****
Offline Offline

Activity: 569
Merit: 505



View Profile
March 18, 2015, 08:22:07 PM

Paycoin going nuts Grin
AZwarel
Sr. Member
****
Offline Offline

Activity: 401
Merit: 280


View Profile
March 18, 2015, 08:23:31 PM


EDIT: if you think that the state of the blockchain is a political decision, you are seriously should STOP posting bullshit here please. You do not understand the very basic idea: consensus through mathematical proof independent of central authority ( which is politics...)

Well Said!

The sad truth is that not only does Jorge fail to comprehend how PoW consensus works, but he also fails to understand why Bitcoin is sound money. He has spent a year on here, most of that time totally wasted, including the time of many of us here in this forum who are willing to learn from others.

Thanks, appreciated:)

Well, i do everything i can to learn. Even finished that MOOC of Nicosia Univ., i had the privilege to learn from Andreas M. A. himself!

That is why i am frustrated with all the miss information some spread here; the knowledge is available and free, yet they choose to remain in ignorant.
HalFinneysBrain
Full Member
***
Offline Offline

Activity: 201
Merit: 100


View Profile
March 18, 2015, 08:24:44 PM


Why are some people so stupid.  Good, interesting, undervalued altcoin projects exist with interesting features. 

But they waste their money on paycon instead.
Pages: « 1 ... 11652 11653 11654 11655 11656 11657 11658 11659 11660 11661 11662 11663 11664 11665 11666 11667 11668 11669 11670 11671 11672 11673 11674 11675 11676 11677 11678 11679 11680 11681 11682 11683 11684 11685 11686 11687 11688 11689 11690 11691 11692 11693 11694 11695 11696 11697 11698 11699 11700 11701 [11702] 11703 11704 11705 11706 11707 11708 11709 11710 11711 11712 11713 11714 11715 11716 11717 11718 11719 11720 11721 11722 11723 11724 11725 11726 11727 11728 11729 11730 11731 11732 11733 11734 11735 11736 11737 11738 11739 11740 11741 11742 11743 11744 11745 11746 11747 11748 11749 11750 11751 11752 ... 33202 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!