Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Coin
Explanation

[1714221297]

1714221297

[1714221297]

1714221297

[1714221297]

1714221297

[yolalanda]

Can we stop it with the bickering and try to keep the price above 250?
Stay focused, everyone, the price ain't gonna sustain itself.

[JayJuanGee]

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

https://www.tradingview.com/x/DtIPkXLg/[/img]

Referring to the part of your statement that I have bolded above.  Even though this is the final auction of this particular series of ceased coins, I would NOT put it past the Feds and/or other Governments from time to time come across BTC and/or other crypto assets in large quantities and to have similar future auctions.

[oda.krell]

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

[muyuu]

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

For the spam justification of the limit you have to ask Satoshi.

Spam attacks have also been proven a very real threat.

Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"

https://en.wikipedia.org/wiki/Argument_to_moderation

[Wings1987]

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

https://www.tradingview.com/x/DtIPkXLg/[/img]

Referring to the part of your statement that I have bolded above.  Even though this is the final auction of this particular series of ceased coins, I would NOT put it past the Feds and/or other Governments from time to time come across BTC and/or other crypto assets in large quantities and to have similar future auctions.

I am sure this is a possibility but any seizures in the future would likely result in auctions a few years down the road right. Doesn't it take that long for the process to play out?

[gentlemand]

Turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

The XT approach was pretty odious but no more odious than the twitching whack jobs who believe the planetary population will skip Christmas so they can afford those gorgeous Bitcoin transaction fees.

[oda.krell]

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

For the spam justification of the limit you have to ask Satoshi.

Spam attacks have also been proven a very real threat.

Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"

https://en.wikipedia.org/wiki/Argument_to_moderation

On 1: Wouldn't refer to him. Remember: "if (blocknumber > 115000) maxblocksize = largerlimit"?

On 2: As is the lack of confidence when (not if) we hit a proper, non-artificial bottleneck.

Think I'll stay with the moderate position, thanks.

[Fatman3001]

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

He is clearly not displaying panic.

That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:

https://archive.is/EMUcH

What was expected or hoped for in both camps was a decentralized distributed sidechain solution. It has lately become clear that BS was working on a ripple-like private blockchain instead, and now it's been confirmed. I see disappointment more than anything else. On both sides of the debate. If anything, some on the XT-side might think this strengthens their case, but I think it just adds confusion.

[oda.krell]

Turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

The XT approach was pretty odious but no more odious than the twitching whack jobs who believe the planetary population will skip Christmas so they can afford those gorgeous Bitcoin transaction fees.

You put into few hilarious words what I think and express clumsily and convolutedly. /reacharound

[tarmi]

do you remember the story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.  

[ChartBuddy]

Coin
Explanation

[yolalanda]

do you remember that story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.  

You mean when we snapped up his cheap coinz & laughed at the cl00less n00b for making $9 mil?
Too painful for me to think about.

[Fatman3001]

do you remember the story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.  

That was an attempt by an early adopter to create a false bottom. It didn't work.

[gentlemand]

That was an attempt by an early adopter to create a false bottom. It didn't work.

Or it might have been a panicking/bored tweenie doing a final runner. Either way 9 mil buys a lengthy holiday from staring at charts and bids.

[Fatman3001]

That was an attempt by an early adopter to create a false bottom. It didn't work.

Or it might have been a panicking/bored tweenie doing a final runner. Either way 9 mil buys a lengthy holiday from staring at charts and bids.

I don't feel sorry for him/her either way.

[muyuu]

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

For the spam justification of the limit you have to ask Satoshi.

Spam attacks have also been proven a very real threat.

Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"

https://en.wikipedia.org/wiki/Argument_to_moderation

On 1: Wouldn't refer to him. Remember: "if (blocknumber > 115000) maxblocksize = largerlimit"?

On 2: As is the lack of confidence when (not if) we hit a proper, non-artificial bottleneck.

Think I'll stay with the moderate position, thanks.

There is nothing radical in not supporting XT. Being on the fence as in "half adopting" XT is simply a disingenuous stance. Sort of like the "atheism is a religion" argument. Or being on the fence about the Pol Pot genocide because opposing all murders is radical, "let's compromise and murder just half of the opposition and their families".

[S3052]

Nice rally guys. Was kind is evident that it breaks out :-)

[Patel]

Slow and steady rallies are the best ones

[Torque]

Ah yes, the ol' familiar fake price pegging of $249.999999999999999

Seems legit  

_{(And they say the American whales aren't in control of the price, yeah right)}