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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25190892 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. (157 posts by 13 users deleted.)
spiderbrain
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July 18, 2017, 04:02:17 AM

What IS that big Bitstamp wall up to..?
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JayJuanGee
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July 18, 2017, 04:06:14 AM

Ya its hard to resist feeding the trolls, their so warm and fuzzy and all lol

Especially when they're bears.



 Smiley Wink Cheesy Grin Cool
Lol, Duke the bear was here"  Cheesy

The resident WO duck scared off the wannabe bear, aka duke.   Wink
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July 18, 2017, 04:17:06 AM

John McAfee is taking bets:

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In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.
bones261
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July 18, 2017, 04:32:27 AM

John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


I like his math. That would make me go from minnow to millionare.   Smiley
Elwar
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July 18, 2017, 06:15:29 AM

BIP91 now at 60%

It needs 80% to activate.
DieJohnny
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July 18, 2017, 06:24:34 AM

What IS that big Bitstamp wall up to..?

Bitstamp bullish AF. That wall kept Stamp from dropping and now is fueling this run up to 2300... feels too contrived though as the rest of the market sits and watches.
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July 18, 2017, 06:26:47 AM

Prediction:

BTC1 (Segwit2x) will be released Monday for the miners to test sending the bitcoin price back above $2300.

Predicted when the price was in the $1800s Wink
JayJuanGee
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July 18, 2017, 06:27:46 AM

BIP91 now at 60%

It needs 80% to activate.

Doesn't it have to sustain over 80% for like two days?  a certain number of blocks?  or am I remembering incorrectly?


Do you guys (and gal) think that we are experiencing such bullish price pressures because of this seemingly activation thingie? 

As I type, Stamp is kind of pushing much higher prices (2-4%), and everyone else is seeming more resistant to follow.. maybe afraid of getting dumped upon?  gun shy?
Elwar
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July 18, 2017, 06:30:57 AM

BIP91 now at 60%

It needs 80% to activate.

Doesn't it have to sustain over 80% for like two days?  a certain number of blocks?  or am I remembering incorrectly?


Do you guys (and gal) think that we are experiencing such bullish price pressures because of this seemingly activation thingie? 

As I type, Stamp is kind of pushing much higher prices (2-4%), and everyone else is seeming more resistant to follow.. maybe afraid of getting dumped upon?  gun shy?

The price has been following activation for a while. The dump over the weekend came right after Garzick announced that the software (that was supposed to be released) was not ready.

Rebounded after the software was released and miners started using it.
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July 18, 2017, 06:31:33 AM

And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.
becoin
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July 18, 2017, 06:48:49 AM

John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Well, the problem is nobody knows what $500k can buy you after 3 years!
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July 18, 2017, 07:02:54 AM

And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.

Sup? Wink

BTC barely mooned in this uptrend ($3K? pshh), lets at least get our moonshot before a bear market. That's gonna require some nice long weekly greens.

This bounce was strong, bears are gonna be fierce at the $2300 zone, but they getting nervous, segwit is just around the corner
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July 18, 2017, 07:13:06 AM
Last edit: July 18, 2017, 07:58:42 AM by machasm

John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Great idea Elwar only he also tweeted that funds need to be escrowed immediately and he is betting on the Jihan fork!
Meuh6879
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July 18, 2017, 07:27:35 AM

Scaling debat is reaching it's climax, Segwit lock-in incoming soon.

hint : BIP91 is not a bitcoin core feature or policy.
It doesn't provide a way to activate SegWit.

Officials BIPS of Bitcoin Core are here : https://bitcoincore.org/en/bips/
Spaceman_Spiff
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July 18, 2017, 07:38:33 AM

John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Well, the problem is nobody knows what $500k can buy you after 3 years!


Not sure if trolling or lost his marbles.
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July 18, 2017, 07:43:13 AM

Scaling debat is reaching it's climax, Segwit lock-in incoming soon.

hint : BIP91 is not a bitcoin core feature or policy.
It doesn't provide a way to activate SegWit.

Officials BIPS of Bitcoin Core are here : https://bitcoincore.org/en/bips/

Correct me if I am wrong, but it is my understanding that the following scenario is the most plausible:

- BIP91 locks-in
- BIP148 probably doesn't lock-in because of not reaching 95% consensus... but then UASF comes into place forcing BIP148
- BIP91 and BIP148 both support segwit, so both implementations are compatible and don't orphan each others blocks
- Profit
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July 18, 2017, 07:45:27 AM

What IS that big Bitstamp wall up to..?
I hope for a full retracement, but will not be certain of it until we are above $2500. A lot of money could have been easily made in the last couple of days, for those who trade smart.

hint : BIP91 is not a bitcoin core feature or policy.
It doesn't provide a way to activate SegWit.
It does activate Segwit. You have a fundamental misunderstanding if you think that it does not. BIP91 will start orphaning non-SW signalling blocks after it has 80% of the blocks for 72 hours (IIRC). This means that the traditional activation mechanism will see a spike to 95% (BIP9) which requires 2 weeks to lock in Segwit, and then another 2 weeks to activate it.

Correct me if I am wrong, but it is my understanding that the following scenario is the most plausible:
- BIP91 locks-in
- BIP148 probably doesn't lock-in because of not reaching 95% consensus... but then UASF comes into place forcing BIP148
- BIP91 and BIP148 both support segwit, so both implementations are compatible and don't orphan each others blocks
- Profit
No. That is also fundamentally wrong. BIP91, after locking in and triggering will orphan any non-Segwit signalling blocks, which is the same that BIP148 starts doing on August the 1st. As long as BIP91 locks-in before August the 1st, there is not going to be a fork on that day.
UASF is BIP148, or to be more precise: BIP148 is an implementation of UASF. BIP148 does not need 95% consensus (this number was never associated with it).
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July 18, 2017, 07:45:36 AM

It's getting near my bedtime but I'm sleeping alone tonight and we're getting so close to $2300 I can't stop watching.

Damn you Bitcoin.  Grin
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July 18, 2017, 07:46:30 AM

And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.

Sup? Wink

BTC barely mooned in this uptrend ($3K? pshh), lets at least get our moonshot before a bear market. That's gonna require some nice long weekly greens.

This bounce was strong, bears are gonna be fierce at the $2300 zone, but they getting nervous, segwit is just around the corner

Don't worry the fun as only just begun.

There will be lots of trading opportunity the coming weeks.
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July 18, 2017, 08:01:37 AM



Correct me if I am wrong, but it is my understanding that the following scenario is the most plausible:
- BIP91 locks-in
- BIP148 probably doesn't lock-in because of not reaching 95% consensus... but then UASF comes into place forcing BIP148
- BIP91 and BIP148 both support segwit, so both implementations are compatible and don't orphan each others blocks
- Profit
No. That is also fundamentally wrong. BIP91, after locking in and triggering will orphan any non-Segwit signalling blocks, which is the same that BIP148 starts doing on August the 1st. As long as BIP91 locks-in before August the 1st, there is not going to be a fork on that day.
UASF is BIP148, or to be more precise: BIP148 is an implementation of UASF. BIP148 does not need 95% consensus (this number was never associated with it).


That is even better. As long as miners stick to THEIR OWN roadmap we will all be fine... And with all the weak hands shaken during this last correction the rise after all the uncertainty dissapears could be impressive.
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