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

[bitserve]

Talking about another related thing... Many people here not only hodl but also frequently trade. For that you have to have some "active" amount permanently available in exchanges.

At the beginning of the year, my trading amount was around 30%, split between several exchanges. As the price has been growing I have been gradually withdrawing coins to cold storage so as to maintain "safe" levels (in fiat valuation) at the -risky- exchanges. Now I would say my active trading amount is less than 10% of the total (whilst several times bigger in fiat valuation than at the beginning of 2017). Also I have been reducing my individual orders in coin amounts (many orders of fractions of btc to be more precise)

Now I think my (relatively reduced) trading is logically starting to have a very small impact on the growth of my stash in coins terms. I am even considering stopping trading altogether and just employ the free time in other more satisfying activities (I am starting to feel a bit burned of it).

Anyone else feels the same or is it just me?

[JayJuanGee]

I like to think of Bitcoin as the AOL of Blockchain tech. Wow, AOL was awesome in the 1990's when everyone logged in with a modem.(AOL was also a darling of the market for some time. )  I am just saying Bitcoin is not a religion for me. Bitcoin prices will continue higher and blow most peoples minds. As an investor I try to keep an open mind. As hard as AOL tried to maintain dominance it eventually became less relevant.

Don't get me wrong I am a HODLer 'for now'.

You are coming off as a bit of a corporate shill with all your mainstream (and altcoin pumper) nonsensical and superficial talking points. 

Many of us in this thread seem to get annoyed with that kind of repetitive dribble that tends to come from trolls, newbies, and/or posters who don't know what the fuck they are talking about that gets caught up with faulty historical analogies, attempts to portray some kind of supposed deep understanding and wisdom of bitcoin, and tries to suggest that there is some kind of ongoing looming threat that is going to replace bitcoin. 

Why don't we cross one step at a time rather than getting caught up in hypothetical doom and gloom for bitcoin, alt coin pumping nonsense?  Do you even understand bitcoin and the fact that bitcoin is the dog wagging the tail rather than the other way around?  We do not have a bunch of equals out there, at least not currently and nothing even looming, even though there are attacks on bitcoin and there are regular ongoing nonsensical FUD spreading talking points.

I am the furthest thing from a corporate shill. I am just saying everything has a life cycle.
Mick Jagger and AOL

Sure everything has a life cycle, but so what? 

Bitcoin's life cycle could take hundreds of years to play out, and then why the fuck would it matter to many of us?  Some of us might have 100 years left on this planet, but likely the average is less than 50 years for folks participating in this thread, even if some of us happen to be more younger whipper snappers than others.

Fair enough. I will not argue with that. BTW I joined this forum 3 weeks after you. I just don't post as much as you. Number of posts do not equal knowledge.

I am not claiming to have any kind of knowledge based on my number of posts, and so in the end, I still stick by the substantive assertions of my earlier responses, and if anyone is making assertions that seem to rhyme with troll talking points, then red flags are going to be raised. 

Surely, merely because your earlier post may have raised red flags, it does not mean that you are a troll and perhaps you have elaborated sufficiently in order that some of the guys (and gal) here can get to know you better.

Also, I understand that following this particular thread can be nearly a full time job too, especially if there is a lot of action going on in BTC price movements, and a large number of guys and even gals either do not have that amount of time or they are interested in other topics that take up their time... no problem with that.

[nikauforest]

Hey JayJuanGee
All good, we are good. You and I are here for the same reasons.

[JayJuanGee]

Fair enough. I will not argue with that. BTW I joined this forum 3 weeks after you. I just don't post as much as you. Number of posts do not equal knowledge.

2 ears, one mouth.  There's a reason, but many never figure it out.

Depends upon a variety of factors including the purposes of the poster which involves readiness, willingness and ableness to interact.

[bones261]

I think it may be time for some retaliation attacks against Wu and Antpool who have demonstrably become malicious miners, attacking the bitcoin network.

They are withholding blocks, spamming the network to drive up fees and being a general nuisance to the point that if they were excluded from the mining network it would do more good than harm to bitcoin. They are doing everything in their power to subvert the network, without performing the 51% attack which they may actually be capable of.

https://tradeblock.com/bitcoin/

In short, someone needs to fuck these guys over seriously. It's well past time.

Let's hope, projects like DragonMint can outcompete them. Unfortunately, any efforts to DDOS them or orphan their blocks would probably quickly be mitigated by them.

[bitserve]

I think it may be time for some retaliation attacks against Wu and Antpool who have demonstrably become malicious miners, attacking the bitcoin network.

They are withholding blocks, spamming the network to drive up fees and being a general nuisance to the point that if they were excluded from the mining network it would do more good than harm to bitcoin. They are doing everything in their power to subvert the network, without performing the 51% attack which they may actually be capable of.

https://tradeblock.com/bitcoin/

In short, someone needs to fuck these guys over seriously. It's well past time.

Let's hope, projects like DragonMint can outcompete them. Unfortunately, any efforts to DDOS them or orphan their blocks would probably quickly be mitigated by them.

WHat is worse... DDOS'ing them out of the network would probably create an ugly netsplit/fork potentially catastrophic to Bitcoin reputation. In fact it would sorta force the same result as a 51% attack (them being the longest chain after rejoin) without them being the bad guys.

What the hell, they could just fake being DDOS'ed and carry on with the (covert) attack. OTH, that could severely harm crypto confidence so much that they would also lose much of their investment.

It's the same reason that stops them trying to steal segwit "anyone_can_spend" funds... if sucessfull they would end up with a fork worth next to nothing.

In the end, money works keeping miners from being dishonest... or at least up to some limits of dishonesty.

What we need are some competitors in the asics scene. I have always wondered why the BIG guys like Winklevi, SIlbert and many others haven't invested in that line of business to support their current investment. There must be reasons, though.

[Torque]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

[bones261]

WHat is worse... DDOS'ing them out of the network would probably create an ugly netsplit/fork potentially catastrophic to Bitcoin reputation. In fact it would sorta force the same result as a 51% attack (them being the longest chain after rejoin) without them being the bad guys.

What the hell, they could just fake being DDOS'ed and carry on with the (covert) attack. OTH, that could severely harm crypto confidence so much that they would also lose much of their investment.

It's the same reason that stops them trying to steal segwit "anyone_can_spend" funds... if sucessfull they would end up with a fork worth next to nothing.

In the end, money works keeping miners from being dishonest... or at least up to some limits of dishonesty.

What we need are some competitors in the asics scene. I have always wondered why the BIG guys like Winklevi, SIlbert and many others haven't invested in that line of business to support their current investment. There must be reasons, though.

Well DragonMint may end up being worthy competion. Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

[explorer]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

kittehz

[gentlemand]

[

Well DragonMint may end up being worthy competion. Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

There's serious track record with mining vapourware. Bitmain are where they're at simply because they deliver where others don't.

[bitserve]

[

Well DragonMint may end up being worthy competion. Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

There's serious track record with mining vapourware. Bitmain are where they're at simply because they deliver where others don't.

Yup. That sums it all very well. At least atm.

[RoomBot]

'Once the "Bitcoin bubble" grows large enough it will not pop. It will become the atmosphere.'
https://twitter.com/francispouliot_/status/941806095193972736

Nice!

+1, that is a good one!

And Wall Street will try to pollute all over it until it has a hole in the ozone.

[Paashaas]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





https://www.lightningramp.com/

[RoomBot]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





https://www.lightningramp.com/

Way to outsource all the traffic you never could handle & keep adding onto, Cornbase!

Just in time for MASSIVE DUMPING of the BTrash they still owe their people.

I guess by now you all know Blockchain.info added BCrash. 

[Elwar]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

Is that Rootstock or something new?

[bitserve]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





https://www.lightningramp.com/

Legit? Irony?

[Torque]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

Is that Rootstock or something new?

I don't think it is related to Rootstock, looks like something new:
https://blog.chain.com/ivy-for-bitcoin-a-smart-contract-language-that-compiles-to-bitcoin-script-bec06377141a

[Rosewater Foundation]

I guess by now you all know Blockchain.info added BCrash. 

Like it or lump it, that bastard isn't going anywhere.

[OWZ1337]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

Is that Rootstock or something new?

STELLAR KiK Jew Crew team pumping to 5000 :-D weeeee
======================================
https://poloniex.com/exchange#btc_str

[bitserve]

https://www.lightningramp.com/

 I've actually given a lot of thought to running a well funded LN node, and play with fee arbitration.

 Lock away my Bitcoin so it makes more Bitcoin for me ?

 Sign me up for that shit.

Whatever you do, don't sign up your email to that site. It looks fishy as hell. (anonymous whois, non coinbase domain, simple webpage with incoherent copyright, etc etc).

About the seting up LN nodes... I would bet there will be already key actors like coinbase which will get the biggest piece of the cake as they could even offer a direct local wallet to LN ramp with no need for individual open/closing of channels. More so as I would expect that an efficient multipoint routing would come at a later stage of LN deployment.