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Poll
Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 21 (18.8%)
1-10% - 15 (13.4%)
11-20% - 13 (11.6%)
21-30% - 16 (14.3%)
31-40% - 4 (3.6%)
41-50% - 12 (10.7%)
51-60% - 8 (7.1%)
61-70% - 5 (4.5%)
71-80% - 3 (2.7%)
81-90% - 2 (1.8%)
91-99% - 3 (2.7%)
100% - 10 (8.9%)
Total Voters: 112

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21782404 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. (147 posts by 36 users deleted.)
gwoplock
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November 08, 2017, 07:02:47 PM

I walk away for lunch and this happens. let me get this straight, the 2x fork is gone. and the price swung over 1k... with 40k of volume. WTF
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1596697748
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Rosewater Foundation
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November 08, 2017, 07:03:35 PM

So... SW2X futures? Are going to zero, because, it's not going to launch. What about all the traders who already cashed out ... The ones left behind rekt?

Where can we watch the carnage?
Aqualung89
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November 08, 2017, 07:04:23 PM

Now you need to stop and the other Alt-coins of the money need to slide. This is what seems to be right now, but let's see how long it will take.
Ibian
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November 08, 2017, 07:05:02 PM

We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =)
Yes, but that would also lower the required processing power for hostile mining action to a tenth. Also concerns with orphaned blocks and etc which is over my head.
chopstick
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November 08, 2017, 07:06:59 PM

Well would you look at that, Bitcoin is dropping while Alts are once again skyrocketing in value.

If Bitcoin can't scale and can't be used for everyday transactions, then this also diminishes its usefulness as a store of value. Bitcoin becomes primarily an instrument for rich speculators, and little else. Other coins will be used for actual commerce and day to day transactions.

Are you all happy now?
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November 08, 2017, 07:07:14 PM

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?
mattimann
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November 08, 2017, 07:09:58 PM

Just think of all the Idiots, who traded that shit on Hitbtc...
That Butt must hurt...
starmman
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November 08, 2017, 07:10:03 PM

We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =)
Yes, but that would also lower the required processing power for hostile mining action to a tenth. Also concerns with orphaned blocks and etc which is over my head.
I was pretty sure that it wasn't so simple - but not sure why LOL
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November 08, 2017, 07:12:10 PM
Last edit: November 08, 2017, 07:25:42 PM by ivomm

What a day - from 7000 to 7900 then back to 7000 and now slowly back to 7900. Incredible! Too bad kraken fucked me up.  Undecided Anyway, Electrum tweet (Segwit Who?) says it all:

https://twitter.com/ElectrumWallet/status/928330837967458305
bitcoinPsycho
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November 08, 2017, 07:12:41 PM

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?
you beat me to it lol
julian071
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November 08, 2017, 07:13:26 PM

Gawd spent the last 30 minutes trying to put an order in on an old toaster, to buy back in. Still don't know which one came through haha, as that data is not available yet. Anyway, I'm back wiith a 3-5% haircut. Price I had to pay to be on the safe side. Didn't want to get roached.

Edit: 2.6% haircut.
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November 08, 2017, 07:15:04 PM

There's about at least 600,000 transactions per day. I used to do hundreds of them every day ... sending to 1dice addresses.
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November 08, 2017, 07:16:51 PM


All I ask is they pump it to 10X or 20X first, lol.  Tongue

Yeah, 2X was way underselling it.
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November 08, 2017, 07:17:59 PM

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?
you beat me to it lol

You people literally play into the hands of your enemies and then gloat about it, while putting down anyone who says otherwise.

Well, I guess it's true. Lies, brainwashing and censorship really do work. It's truly unbelievable how many people support permanently crippling bitcoin.
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November 08, 2017, 07:18:41 PM

This doesn’t mean that we won’t have scaling in the future. What with LN coming online I am sure that the scaling and fee issues will be resolved in a timely fashion. Only not being strong armed into it.
I am sure BTC will go on to new heights soon as this latest news settles.
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How much alt coin diversification is needed? 0%?


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November 08, 2017, 07:23:13 PM

[edited out]


I surmise that your rambling diatribe could be condensed to the following argument. Bitcoin cash doesn't count because 'nutjobs' made it.  There was no contention with segwit because bitcoin cash doesn' count. Of course you are entitled to your opinion. I don't really agree with it.

Actually, whatever I said speaks for itself, and your inability or deliberate failure to understand what I wrote is reflected in your inaccurate summary of it.


If you want to know what a hard fork without contention is look at Dash which has had several hard forks during its development but not yet resulted in a rival blockchain being spawned during it. 


Oh yeah, let's look at Dash or some other blockchain to answer BIG questions about bitcoin..  Roll Eyes  Do you even understand the absurdity of your own suggestion?  There are certain dynamics in bitcoin that causes the direction forwards to be different from other alts including and probably not limited to: the size of its market cap, its actual decentralized nature, its many networking effects, and the visciousness of attacks upon it.


By the way categorizing me as a stupid ass big blocker isn't strictly accurate. I am concerned with high fees and such like resulting from small blocks however I  am still well invested in bitcoin (the 1M block variety) and haven't ruled out its success going down the settlement layer path.

Who fucking cares if you own a few bitcoins here or there or if you are hedged in various directions that includes holding some bitcoins?  your ongoing nutty and seemingly emotional FUD spreading speaks for itself.. o..k.. sure, maybe you are one of those nut jobs who actually believes the shit that he is spreading, but that does not make what you say any better, especially since it appears quite apparent that you are either lacking information or failing and refusing to adequately study various matters (facts and/or logic) before you spout them out.
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November 08, 2017, 07:24:05 PM

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?
you beat me to it lol

You people literally play into the hands of your enemies and then gloat about it, while putting down anyone who says otherwise.

Well, I guess it's true. Lies, brainwashing and censorship really do work. It's truly unbelievable how many people support permanently crippling bitcoin.

You're right, brainwashing does work... on YOU idiots.

Brainwashing YOU to believe that 8MB block size leading to >97% centralized mining consolidation was a great thing.
Brainwashing YOU to believe that hashrate and block times all over the place was a great thing.
Brainwashing YOU to believe that NOT having wallet, exchange, broker, merchant, and industry support was a great thing.
Brainwashing YOU to believe that true mining decentralization doesn't matter.
Brainwashing YOU to believe that the economic majority of users don't matter, only the wishes of a few wealthy elites, narcissists, and useful idiots.
Dabs
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November 08, 2017, 07:26:08 PM

They conceded, nothing to talk about now. The tx fees suck because the value is so high, but otherwise the system works fine. I've learned to look at bitcoin (the one and only, and there's only one left now it seems) as just bitcoin, and not to always refer to the exchange rate. Think of it like moving to another country or taking a vacation to visit one. The currency is different, the prices are sometimes cheaper or more expensive on many things (and you calculate in your head how much these same items are worth in your own currency)... You can't keep doing that.

Of course, very few things are priced in bitcoin or pegged to it. People think of the dollar or fiat equivalent or rate all the time.
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November 08, 2017, 07:27:57 PM

I agree with this interview: http://www.zerohedge.com/news/2017-11-07/bitcoin-digital-gold

I would like litecoin as a payment currency, instead of bitcoin. Litecoin have atomic swap, and we will be able to swap it with bitcoin in the future. Purists sees it as a testnet, but for me, it have its own potential, as a digital silver, for daily use.

Bitcoin should be a reserve coin, to buy expensive things. For everything else, we can use litecoin. And people will not say its "expensive".

Compare with old times, where silver was more used as a currency than gold. Gold was more for reserve, people hoarded it for the future.

Today we can have bitcoin as gold, litecoin as silver and bcash can be like electrum coins (gold and silver combined in a single alloy).
TheFlynn49
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November 08, 2017, 07:28:36 PM

Nevertheless, I'll join the party when the number of btc1 nodes decrease significantly.
And  also when the Segwit2x flag go away from the mined blocks. Just being cautious.
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