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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 10 (8.3%)
$20,000-$49,999 - 24 (20%)
$50,000-$99,999 - 30 (25%)
$100,000-$149,999 - 23 (19.2%)
$150,000-$199,999 - 9 (7.5%)
$200,000-$249,999 - 7 (5.8%)
$250,000-$299,999 - 2 (1.7%)
$300,000-$350,000 - 1 (0.8%)
>$350,000 - 14 (11.7%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21505626 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. (142 posts by 32 users deleted.)
Torque
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June 16, 2017, 10:45:35 AM

Daniel B., head of decentralization at Microsoft, schooling Bitmain on what a "decentralized currency" means

https://twitter.com/csuwildcat/status/875466464626565120

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June 16, 2017, 10:49:05 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.

So the consensus on here that Bitmain's UAHF is not gonna amount to much even if UASF goes thru? This all supposedly comes to a head in August.

are we talking a 'tantrum' here without any real threat of implementation?

What I'm thinking...but wth do I know


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June 16, 2017, 10:51:51 AM

... lots of good stuff about the cruel world snipped ...  bitcoin community ...
There really is no such thing. That's like saying 'http believers'. It's just a computer protocol, which more or less works.

Ah..i now see the problem. There is no community, instead there's religious lunatics?  Grin I mean they're just believers aswell.


Anyway, as you said, if there is no real community, and if it's true, then I truly think that this is not in favor of the people. But if it's not for the people, then what's the point? I may aswell go back to the bankzters, and not go through all the trouble if it's gonna end up the same anyway.

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June 16, 2017, 10:55:59 AM

How much mining power does bitmain own?

Antpool has ~17% so it should be logical to say they have less then 17%?
Imagine they take away 15% of the mining power from one second to the other at the start of a new difficulty.

Enough chaos for the short of your life.
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June 16, 2017, 10:58:01 AM

Bitmain is the cancer of BitCoin!
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June 16, 2017, 10:58:58 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.

So the consensus on here that Bitmain's UAHF is not gonna amount to much even if UASF goes thru? This all supposedly comes to a head in August.

are we talking a 'tantrum' here without any real threat of implementation?

What I'm thinking...but wth do I know

It would not be a Bitmain "User Activated Hard Fork" it would be a Bitmain Activated Hard Fork (BAHF).
criptix
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June 16, 2017, 10:59:14 AM

Bitmain is the cancer of BitCoin!

Jihan is the trump of crypto. Smiley
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June 16, 2017, 11:00:35 AM

Bitmain is the cancer of BitCoin!

Jihan is the trump of crypto. Smiley

+21,000,000.00000000

 Grin
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June 16, 2017, 11:02:00 AM

... lots of good stuff about the cruel world snipped ...  bitcoin community ...
There really is no such thing. That's like saying 'http believers'. It's just a computer protocol, which more or less works.

Ah..i now see the problem. There is no community, instead there's religious lunatics?  Grin I mean they're just believers aswell.


Anyway, as you said, if there is no real community, and if it's true, then I truly think that this is not in favor of the people. But if it's not for the people, then what's the point? I may aswell go back to the bankzters, and not go through all the trouble if it's gonna end up the same anyway.

Actually what LotV8s said is a little misleading. It's true that at it's core, Bitcoin can be seen as just another technology that works, like the internet.

But I would disagree that their is no community. For a form of good money to be seen as 'valuable' among a growing group of individuals across the world, there has to be belief. Belief that it (Bitcoin) is more valuable than other forms of money, or at least as valuable. It's a bottom-up, voluntary approach. Hence: a community of like-minded individuals forms around that money. Call it a tribe, call it whatever you want, but it's still a community.

In the same way, it can be said that Goldbugs or Silverbugs are a community.  Same can be said with communities that form around other private money like the Totnes pound.

Fiat currency has no community, because individuals are forced to use it by their respective governments for most things. It's a top-down forced approach.
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June 16, 2017, 11:06:11 AM

... lots of good stuff about the cruel world snipped ...  bitcoin community ...
There really is no such thing. That's like saying 'http believers'. It's just a computer protocol, which more or less works.

Ah..i now see the problem. There is no community, instead there's religious lunatics?  Grin I mean they're just believers aswell.


Anyway, as you said, if there is no real community, and if it's true, then I truly think that this is not in favor of the people. But if it's not for the people, then what's the point? I may aswell go back to the bankzters, and not go through all the trouble if it's gonna end up the same anyway.



Yuh it's not a socialist experiment, or a libertarian dream. It's a capital phenomenon - makes money real again.

With that comes responsibility and reputation - you won't last long if you're a dishonest bitcoin bank.

What trouble? Just buy and hold.
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June 16, 2017, 11:27:41 AM

So I've decided to port myself into the Ethereum public chain as an ERC20 token.. Thoughts on this?
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June 16, 2017, 11:37:11 AM

So I've decided to port myself into the Ethereum public chain as an ERC20 token.. Thoughts on this?

https://themerkle.com/what-is-the-erc20-ethereum-token-standard/

https://theethereum.wiki/w/index.php/ERC20_Token_Standard

https://etherscan.io/token-search
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June 16, 2017, 11:44:08 AM

Very nice pullback and epic battle over the bottom. Now hovering around 2515 on Stamp, I'm expecting some sideways movement and some smaller corrections for a day or 2 until the 2550 wall can be chewed through. Maybe that will get pulled but I'd welcome some sideways confidence through the weekend.
Not that I trust goldman sachs but they were accurate so far in calling the movement before it happened. http://www.coindesk.com/goldman-sachs-bearish-bitcoin-price/  
Battleground to 2600, popcorn ready!
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June 16, 2017, 11:51:37 AM

But I would disagree that their is no community.

In the same way, it can be said that Goldbugs or Silverbugs are a community.  Same can be said with communities that form around other private money like the Totnes pound.

If you click on bitcoin vs precious metals youtube videos, for bitcoin it's all about trying to smash and grab some pump and dump profits, while metals talk is usually more forward thinking and pragmatic:

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June 16, 2017, 11:55:10 AM

Very nice pullback and epic battle over the bottom. Now hovering around 2515 on Stamp, I'm expecting some sideways movement and some smaller corrections for a day or 2 until the 2550 wall can be chewed through. Maybe that will get pulled but I'd welcome some sideways confidence through the weekend.
Not that I trust goldman sachs but they were accurate so far in calling the movement before it happened. http://www.coindesk.com/goldman-sachs-bearish-bitcoin-price/  
Battleground to 2600, popcorn ready!


Yeah, I was just commenting on a separate thread on that Sachs report - guess I was hoping to see them fall flat on their face, but if any traders followed that instinct, they'd be already making a first solid gain now. Then again, it was apparently tough to buy any BTC during the 2100 tanking as major exchangers experienced outages.
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June 16, 2017, 11:59:33 AM

But I would disagree that their is no community.

In the same way, it can be said that Goldbugs or Silverbugs are a community.  Same can be said with communities that form around other private money like the Totnes pound.

If you click on bitcoin vs precious metals youtube videos, for bitcoin it's all about trying to smash and grab some pump and dump profits, while metals talk is usually more forward thinking and pragmatic:


Lol r0ach. That's bullshit. All I see are PM bugs whining about "When is the Financial collapse or Apocalypse finally going to come so the stack I'm sitting on (and losing money on btd) will go to da moon?!?!?"

So many of them now are butt hurt because a) they got caught up in the precious metals FOMO buying of 2011 and now they are sitting on a loss, and b) see Bitcoin and other cryptocurrencies moving up in price
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June 16, 2017, 12:06:15 PM


Hehe. Thx.

 Tongue

Here's what the world is saying about our thing: Bitcoin and an Imminent Fork – The Aftermaths

Quote
The hard fork and the creation of 2 different coins can markedly affect the price of both BTC and BTU. Imagine that all of a sudden the coin supply doubles; this will definitely pull price downwards. Also Bitcoin Unlimited is supported by Roger Ver, a bitcoin entrepreneur that is claimed to own around 300,000 bitcoins, bitcoin.com and a large number of influential bitcoin domains. Ver can influence the popularity of BTU, via using bitcoin.com as a marketing tool, because, to the public, bitcoin.com might seem like an official bitcoin portal.
To support BTU, Ver can dump his BTC to drive its price to very low levels. Definitely, moving 300,000 BTC into the market in a short period of time can cause a disastrous price crash. Even more, Ver will not be the only one selling his BTC, as there are numerous BTU supporters who would also want to dump their BTC for the same reason. On the other side of the picture, as BTC supporters will also receive equal amounts of BTU, they might try to do the same by dumping their BTU coins.
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June 16, 2017, 12:26:58 PM


Hehe. Thx.

 Tongue

Here's what the world is saying about our thing: Bitcoin and an Imminent Fork – The Aftermaths

Quote
The hard fork and the creation of 2 different coins can markedly affect the price of both BTC and BTU. Imagine that all of a sudden the coin supply doubles; this will definitely pull price downwards. Also Bitcoin Unlimited is supported by Roger Ver, a bitcoin entrepreneur that is claimed to own around 300,000 bitcoins, bitcoin.com and a large number of influential bitcoin domains. Ver can influence the popularity of BTU, via using bitcoin.com as a marketing tool, because, to the public, bitcoin.com might seem like an official bitcoin portal.
To support BTU, Ver can dump his BTC to drive its price to very low levels. Definitely, moving 300,000 BTC into the market in a short period of time can cause a disastrous price crash. Even more, Ver will not be the only one selling his BTC, as there are numerous BTU supporters who would also want to dump their BTC for the same reason. On the other side of the picture, as BTC supporters will also receive equal amounts of BTU, they might try to do the same by dumping their BTU coins.

You don't even know what you are quoting, talking about BTU lol. You guys stop spreading FUD if you didn't even know the basics.
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June 16, 2017, 12:31:15 PM


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June 16, 2017, 12:43:52 PM

Actually what LotV8s said is a little misleading. It's true that at it's core, Bitcoin can be seen as just another technology that works, like the internet.

But I would disagree that their is no community. For a form of good money to be seen as 'valuable' among a growing group of individuals across the world, there has to be belief. Belief that it (Bitcoin) is more valuable than other forms of money, or at least as valuable. It's a bottom-up, voluntary approach. Hence: a community of like-minded individuals forms around that money. Call it a tribe, call it whatever you want, but it's still a community.

In the same way, it can be said that Goldbugs or Silverbugs are a community.  Same can be said with communities that form around other private money like the Totnes pound.

Fiat currency has no community, because individuals are forced to use it by their respective governments for most things. It's a top-down forced approach.

Well said!

But it's a bit of a sad, not to say greedy tribe, if the only thing that connects the people in it is only about, well money basically .
True that it's users are volunteerily signing up to it, but think what kind of people does such an understanding of Bitcoin attract?

Now what if people heard about bitcoin as a part of a bigger movement, a push for a better life for all on this tiny specle in the middle of nothingness. A  cornerstone in a part of a bigger arsenal of apps to use for braking the damn shackles once and for all. I mean - it's a ever-growing innovation that is happening, who knows where we'll end up in 5 - 10 y time.

It's here and now: whether the future will be again for the corrupt & greedy, or for the people.


Yuh it's not a socialist experiment, or a libertarian dream. It's a capital phenomenon - makes money real again.

With that comes responsibility and reputation - you won't last long if you're a dishonest bitcoin bank.

What trouble? Just buy and hold.

Yes we can take it as a capital phenomenon, which itself  isn't a bad or a good thing.

Trouble as getting the coins, paying fees, feeling some stress about it and u can't help but notice the uncertainty of future decisions. So is there any value left on my account after August?

Where can I read more about who are the people making decisions about bitcoin future? I think it does come down to their worldviews, counciesness and awareness really.
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