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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 55 (35.5%)
$50K - 100 (64.5%)
Total Voters: 155

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25371700 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.)
dieselmeister
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March 07, 2018, 04:36:15 PM

and the next dump is there ...
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LFC_Bitcoin
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March 07, 2018, 04:38:43 PM

Dipping below $10,000 again by the looks of it today **Sigh**
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March 07, 2018, 04:39:24 PM

and the next dump is there ...
yes next fud (after Japan/Gox) is SEC again https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading
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March 07, 2018, 04:40:32 PM

did you read the link Torque?

Yes

"Whether or not this constituted a patent infringement remained a point of contention, but the issue was, to large extent, rendered moot as the Segregated Witness upgrade activated on the Bitcoin protocol in August 2017. This soft fork limited the potential upside of using the covert application of AsicBoost, and it is clear that no one ever used the overt version of AsicBoost on Bitcoin’s mainnet."

ASICboost in the defensive license could force all other mining patent holders into the agreement

Only if they so choose to join the BDPL, correct? So Bitmain would have to remove ASICboost to steer clear of the BDPL, or be forced to share any other patents they have?

As I understand it yes, so the more effective ASICboost is the better.
Torque
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March 07, 2018, 04:43:45 PM

Cool.

This kinda feels like a big short entry/shake the tree kind of thing to me. Wonder if something big is coming?
jojo69
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March 07, 2018, 04:45:17 PM

feels super fake
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March 07, 2018, 04:46:00 PM

Plummeting
petahashminer
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March 07, 2018, 04:48:20 PM

so what the hell is going on ?
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March 07, 2018, 04:49:05 PM




bitcoin noooooooo
podyx
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March 07, 2018, 04:49:27 PM

Anybody has a clue about what the fuck is happening?
jojo69
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March 07, 2018, 04:49:35 PM

looks like a target of 9400
Dakustaking76
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March 07, 2018, 04:50:52 PM

I think that bitcoin is done...

I am still a holder Ofcourse But this is not a good sign at Well....
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March 07, 2018, 04:51:31 PM

I think that bitcoin is done...

I am still a holder Ofcourse But this is not a good sign at Well....
Bitcoin is done because of... ?
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March 07, 2018, 04:53:47 PM

I think that bitcoin is done...

I am still a holder Ofcourse But this is not a good sign at Well....

MelMan2002
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March 07, 2018, 04:55:48 PM

I don't know - I have a hard time believing that this is a reaction to the MtGox news.  I'm more inclined to believe that there is some insider information that we'll all learn about days/weeks/months later..
fabiorem
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March 07, 2018, 04:56:13 PM

For people to finally learn that price predictions are pure fine grade BS.

Or to not make investment decisions based on advice from random guys on a forum.

Take your pick  Wink


Is McAfee a random guy?

If price predictions are BS, what is the purpose of this board?
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March 07, 2018, 04:56:51 PM

Plummeting

Now not plummeting
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March 07, 2018, 04:58:22 PM

thoughts?

Depending on how that plays out I might even entertain the notion of rolling back segwit.

Huh

The MtGox bankruptcy settlement situation demonstrates one more time that The Law Is An Ass.

It is pretty well established in western law that such settlements be conducted on a cash basis. It seems the Japanese courts administering the MtGox deal will hew to this doctrine. As such, creditors will likely be 'made whole' [sic] by awarding them the Yen value of their MtGox accounts, calculated using the price of Bitcoin on the date of receivership.

Of course, BTC has appreciated exorbitantly since then. Given this, MtGox's residual BTC holdings are well in excess of its debts as calculated as per above. Indeed, the recent sale has generated enough fiat to 'make whole' [sic again] the creditors. After this, there remains ~$1.5 B USD worth of crypto in the MtGox coffers.

Again using the established legal protocols, this BTC will likely be considered the property not of MtGox creditors (i.e., after they have been 'made whole' [sic *3]), but of MtGox itself. While the picture is still cloudy, this may result in the rather perverse situation that Karpeles exits this process a very rich man.

The good news is that the required selling would seem to be over. The questionable news is the fate of the remaining funds (i.e. ~3x-4x more than sold so far) remains in limbo, and may be sold at any time, given case disposition. The Vonnegut-esqe news is that a single individual -- either corrupt, incompetent, or both, but clearly undeserving in any instance -- may end up a billionaire.

The Law Is An Ass.
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March 07, 2018, 05:00:04 PM

I don't know - I have a hard time believing that this is a reaction to the MtGox news.  I'm more inclined to believe that there is some insider information that we'll all learn about days/weeks/months later..

One would think that the Gox news was bullish as we are finding out after the fact and would explain the recent decline. Sure there is more selling to come from the trustee but those coins were always going to enter the market again at some point.
Ivor Biggun
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March 07, 2018, 05:01:48 PM

I don't know - I have a hard time believing that this is a reaction to the MtGox news.  I'm more inclined to believe that there is some insider information that we'll all learn about days/weeks/months later..

It's probably a whale trying to manipulate the market into panicking using a small dump after the gox coins news. Whales often wait for some big news, then try to move the market with a big sell or buy.
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