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

[JayJuanGee]

Sheeit.

Things are not looking very good right now, folks.

Bitcorn is moving in the wrong direction. Looks like we might be testing 4 digits again at this rate.

Well, I set a bunch of bids starting at $10750 all the way down to $8750 in $250 increments. Looks like one of my bids was filled already. I'd prefer BTC was going the other direction though. Oh well, when life gives you lemons, make lemonade.

You see.

Even Bones is getting onboard with buying on the way down (rather than selling)... 

What's next?   

[Biodom]

Regardless of the current momentum (down), here is an interesting link:
https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2

https://bitcointalk.org/index.php?topic=178336.msg28701688#msg28701688

#justsayin'

yea, sorry, double post; this thread produces so many pages a day, missed it (your post).

[yefi]

You can get a brand new android phone from China on ebay for 40 bucks and free shipping, I just bought one to keep my free coins in. Will start to claim after Bitcoin Atom's snapshot on 25/26 this month.

https://www.ebay.com/itm/Ultrathin-5Android-5-1-Quad-Core-2G-8G-4G-GSM-Bluetooth-WiFi-Dual-Smart-phone/222764422358?hash=item33ddcb54d6:m:mpEJ82Tk8SCS3joqufkdiXg

You can emulate it in Windows as well. Tbh, I prefer /u/ymgve's script, as you don't expose your private keys to anyone. I've looked at the source and it all seems legit.

During the '13/'14 downturn, there was just constant dumping. Thousands and thousands of coins, over such long months of non-stop dumping. It baffled everyone. Then later when it was revealed that Mt. Gox had been hacked two years earlier and was insolvent, I suddenly realized where all those mystery coins were coming from.

Didn't WizSec's findings reveal that the majority were sold before the 2013 rally though? I'd probably say it was responsible for $2, not for $200.

[jbreher]

Coinbase ... probably they were getting back-handers from Jihad , Roger and jbreher and those big-block bum-buddies to keep fees high and sow mayhem.

Shutteth up about things which thou knoweth not.

Fuckhead.

[HairyMaclairy]

Ok.  They broke me.  My key indicators are pointing downwardsly and I recall 2014 only too vividly.  The thing that has really troubled me is the emptying of the mem pool.  Rightly or wrongly I am interpreting this as sharply reduced activity consistent with the low volume rallies we are seeing with price.

I took some profit out of the market around $13,500 and have done so again. I am working from a zero adjusted cost base and have never before felt so goddam guilty taking profit.  Shitcoins never made me feel like this.

Still hodling a majority of the stack and using a good wedge of the fiat to progressively buy back in as well as ramp up my bear trading activities.  Other portions are allocated for tax payment.  The balance will go into other long term assets including property.

Scenario A is badger bounces and goes straight up from here.  I accept I may be forced to buy back higher but will only do so on retracements.  Scenario B is we continue to grind down.   I will be buying back in increments and doing some fancy stuff on the side and hopefully ending up with a much larger BTC balance soon enough.

I remain very bullish on BTC long term and love lightning but I think we have some short term issues to work through. 

[jojo69]

Ok.  They broke me.  My key indicators are pointing downwardsly and I recall 2014 only too vividly.  The thing that has really troubled me is the emptying of the mem pool.  Rightly or wrongly I am interpreting this as sharply reduced activity consistent with the low volume rallies we are seeing with price.

I took some profit out of the market around $13,500 and have done so again. I am working from a zero adjusted cost base and have never before felt so goddam guilty taking profit.  Shitcoins never made me feel like this.

Still hodling a majority of the stack and using a good wedge of the fiat to progressively buy back in as well as ramp up my bear trading activities.  Other portions are allocated for tax payment.  The balance will go into other long term assets including property.

Scenario A is badger bounces and goes straight up from here.  I accept I may be forced to buy back higher but will only do so on retracements.  Scenario B is we continue to grind down.   I will be buying back in increments and doing some fancy stuff on the side and hopefully ending up with a much larger BTC balance soon enough.

I remain very bullish on BTC long term and love lightning but I think we have some short term issues to work through. 

Now THIS is the kind of capitulation talk we need more of.

The trend is down.

[TERA2]

[HairyMaclairy]

My wife is very happy with me.  Happy wife, happy life.


Edit:   I never knew I wanted a surfing bear.

[TERA2]

Like the last 3 movies I watched included a gold digging wife that stayed with their shitty husband because he made money and then as soon as he loses the money they want to get a divorce and take the children.

[suspiciously square]

Now THIS is the kind of capitulation talk we need more of.
The trend is down.

I CAN'T TAKE THIS PRESSURE ANY MORE !!! DON'T MAKE ME PLACE A SELL ORDER AT $10,500 YOU FUCKING ASSHOLE !!!

* BobLawblaw cries out in sobbing anguish. Dramatically tips back head, and places back-of-the-hand on forehead, while feigning fainting...

Is it going to the moon after you put your sell order on at $10,500?

[JayJuanGee]

Coinbase ... probably they were getting back-handers from Jihad , Roger and jbreher and those big-block bum-buddies to keep fees high and sow mayhem.

Shutteth up about things which thou knoweth not.

Fuckhead.

Come on, picnic bear. 


Don't be a party poop.

[Last of the V8s]

So, good luck to you if you find yourself with only sporadic appearances in the official books of state, if you are a rural migrant without a recorded birthdate, identifiable parents, or an ID number. Sorry if you lack markers of stability, if you are a rogue traveller without permanent address, phone number or email. Apologies if you have no symbols of status, if you're an informal economy hustler with no assets and low, inconsistent income. Condolences if you have no official stamps of approval from gatekeeper bodies, like university certificates or records of employment at a formal company. Goodbye if you have a poor record of engagements with recognised institutions, like a criminal record or a record of missed payments.
https://www.nesta.org.uk/blog/war-cash h/t @J9Roem
I missed this from 2016

[jbreher]

For those playing along at home, you'll no doubt note that (should my understanding be correct), BW consumption scales at O(n^2).
I'm sure it will improve when the routing invention breakthrough occurs.

Of course - the clueless developers! D'oh, what an unforgivable oversight! The system they implemented is doomed. They chose the SAN (Spam All Network) algorithm for both route discovery and node state update. They slept during their networking lessons, or was it calculus? So they failed to notice that bandwidth grows quadratically with the number of nodes. This way, it's almost as bad as if one increased the block size. But who would ever think of that?

Hyperbole duly noted. Be that as it may, do you have any evidence that suggests that my understanding is incorrect?

Honestly, I don't know which solution has eventually been adopted in this first version of the LN, but already in 2016 the proposed method was significantly better than the naive SAN technique you hint at.

Great. What does that have to do with the shipping implementation? Anything?

Let's summarize our path so far:
you: I'll try it out
me: cool - please let me know about your BW use. My understanding is it broadcasts all state to everyone
you: oh posh! how dare you assume the devs did not do better
me: well, that's what I'm led to believe - you have better info?
you: no, but here's a possibly relevant scrap of a possibly workable design that would do better

I mean, I don't mean to misrepresent anything here, but that's the way it looks from my vantage point.

https://steemit.com/bitcoin/@emabfuri/bitfury-bitcoin-routing-lightning-network-solution

Here's a relevant excerpt.

Using a fog of war like design, the collected information by the routing algorithm “includes channels within a low hop-distance and paths to randomly selected nodes further away… As a result, a node will have a well-illuminated map of its local neighborhood within the network, with random patches of visibility further away enabled by the selection of beacon nodes.”

I often write with rhetorical metaphorical flourish as well. But not within a technical specification that I expect to be taken seriously. So in addition to questioning this excerpt's relevance to current code, I also question it's author's capability.

So, it's not an initially low TTL that gets conservatively increased as I had wildly imagined, but not so far off either: closer nodes are exhaustively enumerated, while a small set of distant nodes is selected pseudorandomly.

Which still leaves quite the bulk elided from view. In what way is this anonymous? How does it handle nodes dropping off the network? And the ensuing rejoins? 'Beacons'? Is that a euphemism for trusted intermediary?

It just sounds like we're being asked to buy a pig in a poke. Again, my assumptions could be wrong. But life has taught me well that SW projects are rarely underpromised and overdelivered.

[jbreher]

I was hoping not to have to install special instrumentation like wireshark.

Well, wireshark is about as universal a network analysis tool as exists.

BTW, 8333 is for bitcoind. LN uses a different port (can't recall right now).

Exactly. Filter out all 8333 and what are you left with? Traffic not to/from your validating client - which I believe was what you were looking for in your query.

[jbreher]

yaya and jbreher is a lying scammer, but he's 'polite' so that's fine

What the hell have I lied about? Nothing.

[jojo69]

Damn man, this Doug Polk guy is legit.

[Syke]

Like the last 3 movies I watched included a gold digging wife that stayed with their shitty husband because he made money and then as soon as he loses the money they want to get a divorce and take the children.

Where can I find a wife like that?

[savetherainforest]

Good job Boblawblaw !!!... It went under 10.500$ ... I hope your order got filled 100% !!!

[jojo69]

here's to hoping Bob gets filled


heh     heh heh

[rezurect007]

Good job Boblawblaw !!!... It went under 10.500$ ... I hope your order got filled 100% !!!

No siree. Will leave my order @ $12.5k in place and see what happens over the next 48 hours.

Depends on the exchange i guess 12.0 on CEX maybe.