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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 3 (6%)
$20,000-$49,999 - 11 (22%)
$50,000-$99,999 - 15 (30%)
$100,000-$149,999 - 9 (18%)
$150,000-$199,999 - 4 (8%)
$200,000-$249,999 - 2 (4%)
$250,000-$299,999 - 0 (0%)
$300,000-$350,000 - 0 (0%)
>$350,000 - 6 (12%)
Total Voters: 50

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21498543 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. (138 posts by 32 users deleted.)
HI-TEC99
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June 16, 2017, 01:40:34 AM

and congratz for who sold at 3000 enjoy the holidays

Actually, congrats to those buying this dip, we may never see 2K again.
I agree with you but it a good idea to now because the price will still fall down more for days before it rise up to the moon. Therefore, I congratulation those who watch the price closely in other to make some quick buy before the price race up again.
Why? There's plenty of support at this level and it seems the worst is already over. If this trend continues we'll either go down a little and up or just sideways for a short time and back up. Triangles forming nicely right now, looks like we will soon go back up.



I'm not too worried if it goes up or down. About a month ago we had an ATH of $1800, and a month later it's dipped back down to a 24 hour low of $2120 on stamp. Half a year ago it was below $1000. Even today's dips are great prices compared to six months ago.


It's another ATH on bitstamp, it's broken past $1800. Now $2000 is getting extremely close. Bitfinex has an ATH of $1867, only $133 off that magic $2000. It shouldn't take stamp too long to catch up after bitfinex breaks that target.


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cellard
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June 16, 2017, 02:06:52 AM

If [someone] wanted to, they could fill these block up over night [by spending a lot of money on fees]. Either that, or you could get enough demand that would fill it up very quickly [which is both what we want and why we need it]. You will end up asking for X MB afterwards, which would further centralized Bitcoin whilst not improving [efficiency].
Using terms like "malicious attacker" doesn't convey any useful information, it's an attempt to make people feel a certain way about the topic being discussed. And that is what makes you a sophist. Anyone has the right to send any amount of transactions they want for any reason or no reason, that's one of the main points about bitcoin. No middlemen regulating what is allowed.

We need more throughput. Otherwise this is as big as bitcoin is going to get. Squabbling over how it should be done instead of actually doing it is hurting everyone.

There will be (eventual) block size increases, everyone in Core team agrees with this, the problem is when you pretend to do a rushed hard fork like the ones in the NYC thing want, which can not even agree amongst themselves after signing the so called contract which is just silly.

Lets get segwit NOW with BIP141, then an eventual proper HF with more stuff than just a mere blocksize increase.

The fact that we are discussing this is just insane.
N12
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June 16, 2017, 02:19:40 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.
orpington
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June 16, 2017, 02:20:36 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.

never heard of it
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June 16, 2017, 02:59:54 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.

never heard of it

I heard it once had a hard fork from some shiny yellow metal. The metal fork coin has been doing just ok since, but the USD one is more popular with the peeps it seems. I think the yellow metal coin was the better value though.
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June 16, 2017, 03:18:53 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.

never heard of it

I heard it once had a hard fork from some shiny yellow metal. The metal fork coin has been doing just ok since, but the USD one is more popular with the peeps it seems. I think the yellow metal coin was the better value though.

Shinycoin.ico
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June 16, 2017, 03:32:00 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.

never heard of it

I heard it once had a hard fork from some shiny yellow metal. The metal fork coin has been doing just ok since, but the USD one is more popular with the peeps it seems. I think the yellow metal coin was the better value though.

Interesting tidbit in regards to Federal Reserve notes and US coins....." As the issuing authority for coins, the United States Mint determines annual coin production."
The US mint issues coins, and the Federal Reserve -paper-.
Therefore when the shit hits the fan ANY US coins will have far more value than their paper counterparts.

https://www.federalreserve.gov/paymentsystems/coin_about.htm
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June 16, 2017, 04:59:54 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.

Any shitcoin with no hard limit is doomed to fail. I also heard that it is not very decentralized.

The only people who have seen the whitepaper are a few people that met on Jekyll Island over 100 years ago.
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How much alt coin diversification is needed? 0%?


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June 16, 2017, 05:31:23 AM

Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.

Any shitcoin with no hard limit is doomed to fail. I also heard that it is not very decentralized.

The only people who have seen the whitepaper are a few people that met on Jekyll Island over 100 years ago.

Yeah, I would not bet on that USD coin, either, not for storage of value, but it is good to have a few of them around for spending purposes, especially since it is not very likely to hold its value, especially in reference to the USD/BTC pair.
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June 16, 2017, 06:08:33 AM

I wanted to share the following:
A lot of uncertainty around Bitcoin today does not help. Many people who don't know shit are throwing their money into crypto. I personally receive noob questions everyday now at work.
They are totally forgetting what I said about Bitcoin two years ago since now they want a quick buck. And that's so annoying and frustrating to say the least.

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June 16, 2017, 06:52:16 AM


Notice that all the shitcoins are left completely alone by the media and eternal FUD machine. They are being completely ignored, because they pose no threat at all.

Then why do you need to comment it? Looks like you are the one feeling threatened here  Wink

Actually looks like I hit a nerve, eh? Did you panic sell at the bottom?  Wink

Torque actually you are only one constantly mentioning here shitcoins, altcoins and  how guys loosing money there.
Looks funny. Grin
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June 16, 2017, 07:43:45 AM
Last edit: June 16, 2017, 08:00:29 AM by luckygenough56

I wanted to share the following:
A lot of uncertainty around Bitcoin today does not help. Many people who don't know shit are throwing their money into crypto. I personally receive noob questions everyday now at work.
They are totally forgetting what I said about Bitcoin two years ago since now they want a quick buck. And that's so annoying and frustrating to say the least.



When most people ask me to be initiated to bitcoin and trading, i just tell them to stay the hell away from bitcoin. They would get slauthered in no time. They are just too naive and not tech savy enough for bitcoin, hell, they can barely handle a computer. You can feel it in less than 2 minutes of talking to them.

A guy with trading experience is another thing. Then again bitcoin is its own beast and doesn't really work on news....so still tricky.

My main criterias would be someone smart, logic, quick learner and AUTODIDACT ! Someone who can handle basic mental arithmetics also.

I still didn't find that someone Smiley
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June 16, 2017, 08:56:33 AM
Last edit: June 16, 2017, 09:12:18 AM by r0ach

(Do I have to explain why larger blocks create runaway centralisation?)

You wot m8?

Bitcoin is already designed to centralize regardless of what the block size is because energy costs on the globe are not uniform, giving you some type of sparse grid/matrix covering the earth like this:



Such a centralization factor could be survivable if this was the only negative variable built into the system, but then ASICs came along to give you a secondary, multiplicative, negative effect and turning that matrix into something like this:



The creation of ASICs was the doomsday event and now you just have a cartel controlled rent seeking usury system with no hint of any type of Nash equilibrium.  I don't believe this gives any credence to Lauda or UASF forker's "proof of node" scheme, which is just a backdoor Sybil attack, it just means proof of work is pointless if you can't defeat ASICs and have a system always mineable by commodity hardware that can't be "cornered" so to speak.  (proof of stake has also always been pointless with no value, don't even mention it)

The third variable about proof of work I left out:  economy of scale.  There are arguments economy of scale would also terminally centralize bitcoin, but then there's a few contradictory arguments like the waste heat being useful for a water heater or something.  Some seem to think the waste heat would only be useful on a small scale, but I imagine industry would figure out a way to make better use of it eventually whether it's running a green house or other obscure scenario.
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June 16, 2017, 09:04:39 AM

Guy's matter of second kraken price hits 2535  Shocked Shocked Shocked Shocked Shocked Shocked
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June 16, 2017, 09:18:24 AM

Guy's matter of second kraken price hits 2535  Shocked Shocked Shocked Shocked Shocked Shocked
but then back to normal levels. very weird though.
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June 16, 2017, 09:27:52 AM

Guy's matter of second kraken price hits 2535  Shocked Shocked Shocked Shocked Shocked Shocked
but then back to normal levels. very weird though.

"Just bung a million euros on it, bound to pay off eventually."

I like his style.
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June 16, 2017, 09:51:58 AM

I only recently started taking crypto world seriously, I remember doing research about mining BTC  back in 2014, unfortunately I only read some Estonian forums,  where was said and confirmed that mining isn't really profitable, and I lost all interest.

Young and stupid back then, knowing nothing about life beyond working 8-5, drinking every weekend, not giving shit about anything that goes above my head, the perfect modern slave.

 3 years later, ~ 3 months ago I got approached by someone offering GAINBITCOIN (which is probably a Ponzi) cloud mining service, and the guy was constantly sharing fb news, how BTC had reached another ATH after another.

Having been traveling Australia for the past 1.5years, I have become so much more wiser in every aspect of life. + I have managed to stack up some dough.

That reached my newsfeed and I have been progressively learning and getting more & more involved and interested about it ever since.

I find that bitcoin goes perfectly with my new understandings of LIFE. Banks are robbing people, money has no real value. Medical industry is all about profit! War's are being created to sell weapons! Water is being poisoned, forests cut down, most countries in the world are totally corrupt! People are being waged against each other, divide and conquer every day, all day! And the worst thing is, not so many people even understand that all this is going on, that it' s being done to profit the very few. The very few who are doing everything in their power, to stop people from waking up the from the illusion. They want to  make people dependent on them and stop people from decentralizing their lives,  they are taking more and more extreme action to lessen privacy, limit free will & speech.  Seeding powerlessness and fear into the human consciousness.

BUT WHAT A WEAPON BITCOIN IS! A weapon of TheVeryFew  destruction. That of course if the so to speak enlightenment reaches critical amounts of people's minds.

I hear talk of the bitcoin community everywhere. ICO's threads, posts, news, comments. But where is that community that everyone is talking about? I hear about scaling issues, I don't know the technical of how to fix it, but that's not important, I'm sure there are people who have a fair idea of how to do it. Do it in a way that  maintains the very essence of Bitcoin. Keep it as decentralized as possible. Don't mess anything up! GIVE THE POWER BACK TO THE PEOPLE!
If that means not highening the block size, so be it. "...Well but the network fee is too high then!" well go use some other coin to pay for your coffe if it's too high.. One should use Bitcoin as a cryptocurrencies vault, from where one can send a larger amount to another wallet, which is to be used for daily purchases.
 Don't close the door on the guy who has his miner in the basement. If there is no people, there is no value.

An account where you only deal with bigger sums. Why?
 because it's  as safe as it gets and the fees are too high for daily purchases!
Its not that hard to understand really...

Now coming back to the community, where is it? Where can I join?
If  it's not here,  then we better start organizing, because the enemy is not sleeping, they're lurking in the shadows, waiting for the chance.
BlindMayorBitcorn
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June 16, 2017, 09:56:20 AM

I wonder how Bitcoin illiterates all over the world will see this. Since the average human being don't even understand what is Bitcoin. Now telling them it splitted in two ! Oh I know. Ultimate proof of unreliability and scam.

Well, initially this was my concern too. But after the ETC/ETH split, it became clear that ETH was what was going to be supported by brokers (Coinbase, Gemini, etc.) and exchanges. Now I hear complete newbs to the crypto world talking about buying "Ethereum" and they are clearly referring to ETH. Most don't even know that ETC exists, much less that there had been a split.

So long term I'm not sure it will matter.

TL;DR - Bitmaincoin may just end up becoming another shitcoin in China. Perhaps even adopted by the PBOC as China's official crypto. Maybe they've already been in private discussions about that, who knows.

Maybe the Bitmain chain will end up being our layer 2.
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June 16, 2017, 10:02:40 AM

i wonder if bitcoin will try another ATH before end of august, there's definitely some steam left in it. 3300 maybe.

in anycase there are good chances that we stay in the 2000s and get another bull run at the end of the year.
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June 16, 2017, 10:08:47 AM

I wanted to share the following:
A lot of uncertainty around Bitcoin today does not help. Many people who don't know shit are throwing their money into crypto. I personally receive noob questions everyday now at work.
They are totally forgetting what I said about Bitcoin two years ago since now they want a quick buck. And that's so annoying and frustrating to say the least.



I had 2 people in the same day ask me about PotCoin. I don't know anything about it other than the obvious that they are trying to make a crypto for the pot shops in the US. I just told them that it would be a good investment if it is actually being used in the shops. With the knowledge that some of the shops are switching to bitcoin payments.
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