Bitcoin Forum
May 09, 2024, 06:41:43 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 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 11753 11754 11755 11756 11757 11758 11759 11760 11761 11762 11763 ... 33335 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26380672 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. (174 posts by 3 users with 9 merit deleted.)
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3528
Merit: 9552


#1 VIP Crypto Casino


View Profile
March 18, 2015, 11:21:06 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/


Shit!
That's a good point.
Dem Chinks could dump the shit out of this once they wake up.
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715236903
Hero Member
*
Offline Offline

Posts: 1715236903

View Profile Personal Message (Offline)

Ignore
1715236903
Reply with quote  #2

1715236903
Report to moderator
1715236903
Hero Member
*
Offline Offline

Posts: 1715236903

View Profile Personal Message (Offline)

Ignore
1715236903
Reply with quote  #2

1715236903
Report to moderator
1715236903
Hero Member
*
Offline Offline

Posts: 1715236903

View Profile Personal Message (Offline)

Ignore
1715236903
Reply with quote  #2

1715236903
Report to moderator
calme
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
March 18, 2015, 11:21:43 PM

VCs know more than anyone that volatility is normal in the early stages and view it as noise that distracts from a) "will it be big?" or b) "will it not?"
nioc
Legendary
*
Offline Offline

Activity: 1624
Merit: 1008


View Profile
March 18, 2015, 11:22:28 PM

Any lucky people get in a buy under $250 today?

By lucky you mean soon-to-be bagholders?

Hello my sweet fonzie Smiley

Even though my Cargo Cult TA© isn't at buy I couldn't help myself and bought some at 253 as I was a little slow after work to get under 250.  I have replenished the coins I was forced to sell last year at ~ 50% of what I sold them for. Smiley  Looking for more but no rush. 
AZwarel
Sr. Member
****
Offline Offline

Activity: 401
Merit: 280


View Profile
March 18, 2015, 11:27:01 PM
Last edit: March 18, 2015, 11:41:43 PM by AZwarel

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.

Thanks for the lesson, but I do understand the consensus mechanism, and I know about orphan blocks.  Perhaps I am using the wrong name, but those that you describe are not "hard forks", not even "soft forks", it is just the normal operation of the protocol.  Both the orphans and the winning branch use exactly the same version of the software, and the UTXOs in the orphaned blocks become invalid by definition.  

What I am discussing is a fork of the blockchain where each branch uses a different protocol, and every message is identifiable as belonging to one branch only, and is accepted (or seen) only by clients and miners who are running that version of the protocol.  Blocks before the split are valid under both protocols, but blocks after the split are valid only according to their specific version.  Each transaction request is directed to one branch only; if a client wants to move both clones of his coins to the same address in each chain, he must issue two requests, and they may or may not be accepted independently.


So, they are not running on the same protocol. So the two blockchains are not the same, since they have to run on different protocols. So 1+1=2, but, 1 not=1. That is the logic you described. Different protocol = not the bitcoin protocol accepted by majority of participants.

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.

No, that is not at all what I am discussing, see above.

It may be possible to have some "merged mining" scheme where a miner can attempt to mine both chains at the same time.  But I am not considering that possibility. I am assuming that each miner chooses only one of the two branches to work on, by upgrading or not to the appropriate software and/or talking only to the appropriate set of relay nodes.

After a hard fork, there is no automatic "synchronizing" of the two branches (and re-joining them would soon be impossible, even with substantial hackery).

It may be possible that the Sun not shining tomorrow. The burden of proof is upon you, not on the bitcoin network. Also, why do you assume something that has 0, zero, nada possibility, since it has zero incentive to anyone participating in the mining process? What if i turn into an unicorn?Huh

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

Yes, as I said, a hard fork that cannot count on attracting most of the hashpower right away (like that kid's) would also have to lower the difficulty temporarily to ensure a fair block rate, until the automatic adjustment can take over.  

But a hard fork that can muster 25% (say) of the hashpower perhaps could afford having 1 block every 40 minutes for a couple of weeks.  So the difficulty adjustment may not even be necessary.

Keywords: "perhaps, could, afford, fair". You have no argument/proof why anyone, not even near 25% of the hashpower would "choose to" join basically an orphaned chain, let even a changed protocol which is not accepted by the majority of the nodes/miners/exchanges/wallets/individuals (miners are not alone this!). Please define FAIR. Show me 1, ONE author in the history of mankind who has an axiom of FAIR VALUE, and has been accepted by the unity of mankind! Quantify me "fair" please.

if you think that the state of the blockchain is a political decision, you 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...)

At the OP_MUL fork, everyone choose to switch to the new protocol, recommended by Gavin, even though it meant "rewinding" the blockchain and invalidating some deeply-confirmed transactions.  If tried to do a hard fork of my own, surely no one else woud switch.  The difference between the two cases is not in the protocol or mathematics, it is politics.

The good working of the protocol depends heavily on the behavior of its human players, about which nothing can be proved mathematically.  It assumes that a majority of the players will be driven by immediate greed, and therefore would choose alternative X over Y when considering many specific choices that have been considered when designing the protocol.  However, that assumption is not certain, and the possible situations and choices that the players may face is not bounded.

We are already seeing some situations and choices that may not have been foreseen.  For example, the transaction fees being insignificant compared to the block reward, and some powerful miners apparently choosing to mine empty of half-full blocks rather than full ones.  

That is factually not true (aka  a lie). Anyone with interest (=money, principle) in bitcoin is not driven by immediate greed. We had several price run ups followed by burst (bubble), and it is still alive (bitcoin), so "immediate greed" is not the long time motivator.
Also, any change in the protocol is seriously wetted and reviewed by the community, and must be beneficial to the majority, else it would not be implemented by the majority, and would fail (it is still a conscensus mechanism, means majority of participants = consensus)

TLDR: You presume that people would act against their own known self interest in the number of millions and screw the system for their own demise, loss, purposefully, just to prove your point. Speaking like a real commie.

Again, quantify me: "fair", please.
diabLEEca
Member
**
Offline Offline

Activity: 61
Merit: 10


View Profile
March 18, 2015, 11:29:30 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/

If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.

1. The price is merely crawling back up, and it's not doing it fast enough or with enough volume to call it a reversal. It looks more like a correction on the further way down for now.
2. They could simply wake up, read the latest news they've missed and decide that they're out (or simply that it's going to drop even more from that so they will buy back lower). It's happened before, it may happen again - hence the question how bullish/bearish they've been recently compared to the rest.
sickhouse
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
March 18, 2015, 11:31:17 PM

Trying again, is there a thread of evolution scamdown(drug, weapon tor site) up?? That's whats caused this drop (or a weird coincidence).
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
March 18, 2015, 11:33:36 PM

http://www.reddit.com/r/BitcoinMarkets/comments/2zflro/daily_discussion_wednesday_march_18_2015/cpj9q02



lol
fonzie
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


Moderator


View Profile
March 18, 2015, 11:35:49 PM

Trying again, is there a thread of evolution scamdown(drug, weapon tor site) up?? That's whats caused this drop (or a weird coincidence).


Sorry, but you seem to be misinformed. Evolution is doing just fine. It´s all about BTC-E


http://www.wsj.com/articles/btce-hacked-and-robbed-huge-dump-on-all-exchanges-imminent-1426701929
podyx
Legendary
*
Offline Offline

Activity: 2338
Merit: 1035



View Profile
March 18, 2015, 11:36:07 PM

Trying again, is there a thread of evolution scamdown(drug, weapon tor site) up?? That's whats caused this drop (or a weird coincidence).

https://bitcointalk.org/index.php?topic=994802.0

It's right at the top in speculation section.Roll Eyes
Bitcoiner_cph
Full Member
***
Offline Offline

Activity: 160
Merit: 100


View Profile
March 18, 2015, 11:37:30 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/


its already 7.30 in Hong kong?Huh
Fatman3001
Legendary
*
Offline Offline

Activity: 1526
Merit: 1013


Make Bitcoin glow with ENIAC


View Profile
March 18, 2015, 11:38:32 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/

If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.

1. The price is merely crawling back up, and it's not doing it fast enough or with enough volume to call it a reversal. It looks more like a correction on the further way down for now.
2. They could simply wake up, read the latest news they've missed and decide that they're out (or simply that it's going to drop even more from that so they will buy back lower). It's happened before, it may happen again - hence the question how bullish/bearish they've been recently compared to the rest.

You're probably right.
I get the feeling that, despite common knowledge on this thread at least, China mostly follows the rest. So I guess the pandas are going to have a party while I'm sleeping.
fonzie
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


Moderator


View Profile
March 18, 2015, 11:39:35 PM


saxon84
I transferred my wifes saving at $297 what a disaster :/

saxon84
no. holding. hopefully it will retest $300.... well i'm sure we're going to breakout above $300 soon.


He shouldn´t have listened to that damn bullscammers. I hope Blitz and theymos will ban them one by one. This is getting a serious problem.
calme
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
March 18, 2015, 11:43:52 PM

fonzie runs around town telling everyone how great usd is
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1260
Merit: 1115



View Profile
March 18, 2015, 11:45:00 PM

What did you monsters do to my bitcorns!?! Angry
derpinheimer
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
March 18, 2015, 11:46:18 PM


saxon84
I transferred my wifes saving at $297 what a disaster :/

saxon84
no. holding. hopefully it will retest $300.... well i'm sure we're going to breakout above $300 soon.


He shouldn´t have listened to that damn bullscammers. I hope Blitz and theymos will ban them one by one. This is getting a serious problem.
Hes only down 1/8th.. not so bad? I mean, yeah, that's awful for his wife. But I'm sure many people are sitting on losses far exceeding 1/8th from this drop..
fonzie
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


Moderator


View Profile
March 18, 2015, 11:46:42 PM

Come on, buy little piggies.


fonzie
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


Moderator


View Profile
March 18, 2015, 11:48:55 PM


saxon84
I transferred my wifes saving at $297 what a disaster :/

saxon84
no. holding. hopefully it will retest $300.... well i'm sure we're going to breakout above $300 soon.


He shouldn´t have listened to that damn bullscammers. I hope Blitz and theymos will ban them one by one. This is getting a serious problem.
Hes only down 1/8th.. not so bad? I mean, yeah, that's awful for his wife. But I'm sure many people are sitting on losses far exceeding 1/8th from this drop..

Percentag-wise not so bad so far. Problem is he´s planning to HOLD, coz 300$ right around the corner... Will his wife find out before(if) we get close to 300$ again. Cheesy
ChinaMiners
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
March 18, 2015, 11:53:57 PM

What did you monsters do to my bitcorns!?! Angry
We pump&dumped them hihihihi!


Thank you burrs, reary usefur! You bought our coins at $300 hihihi!





http://theperiphery.areavoices.com/files/2014/11/Chinese-man-pic.jpg
Fatman3001
Legendary
*
Offline Offline

Activity: 1526
Merit: 1013


Make Bitcoin glow with ENIAC


View Profile
March 18, 2015, 11:54:23 PM


saxon84
I transferred my wifes saving at $297 what a disaster :/

saxon84
no. holding. hopefully it will retest $300.... well i'm sure we're going to breakout above $300 soon.


He shouldn´t have listened to that damn bullscammers. I hope Blitz and theymos will ban them one by one. This is getting a serious problem.
Hes only down 1/8th.. not so bad? I mean, yeah, that's awful for his wife. But I'm sure many people are sitting on losses far exceeding 1/8th from this drop..
We'll see who got burnt on leveraged longs soon enough. They tend to drop off the thread.
calme
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
March 18, 2015, 11:55:35 PM

if they want to sell btc for $300, that's their problem.
Pages: « 1 ... 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 11753 11754 11755 11756 11757 11758 11759 11760 11761 11762 11763 ... 33335 »
  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!