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Question: 9/19 Closing Price:
0 - 1 (1.6%)
<$10,000 - 3 (4.8%)
$10,000-$10,500 - 1 (1.6%)
$10,501-$11,000 - 13 (21%)
$11,001-$11,500 - 19 (30.6%)
$11,501-$12,000 - 8 (12.9%)
$12,001-$12,500 - 7 (11.3%)
$12,501-$13,000 - 2 (3.2%)
>$13,000 - 3 (4.8%)
>$20,000 - 5 (8.1%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22392577 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. (148 posts by 37 users deleted.)
jbreher
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lose: unfind ... loose: untight


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April 22, 2018, 03:06:40 PM

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.
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jbreher
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lose: unfind ... loose: untight


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April 22, 2018, 03:09:19 PM

Anyone can put any price up whatever he sees fit.

Indeed. What's with those weird inflection points on your graph?

LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos


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April 22, 2018, 03:31:34 PM

Doesn’t seem to be able to break over $9,000
cAPSLOCK
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Holding my Breath


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April 22, 2018, 03:45:30 PM

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.
Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.
But muh Satoshi's vision...

Muh cash...

... Babies!
oblox
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April 22, 2018, 03:58:07 PM
Last edit: April 22, 2018, 04:11:59 PM by oblox

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.
Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.
El duderino_
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April 22, 2018, 04:15:34 PM

Doesn’t seem to be able to break over $9,000

looks like its going to happen
vroom
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a Cray can run an endless loop in under 4 hours


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April 22, 2018, 04:21:50 PM

Doesn’t seem to be able to break over $9,000

looks like its going to happen

resistance is futile, 10k next week
Vlada69
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April 22, 2018, 04:28:06 PM

Doesn’t seem to be able to break over $9,000

looks like its going to happen

resistance is futile, 10k next week

If it goes upwards from 9500$ yes.
Last of the V8s
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April 22, 2018, 04:30:24 PM

some bullish dumping there
JimboToronto
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April 22, 2018, 04:36:59 PM

Good AM Bitcoinland.

The battle for $9k continues... currently $8965USD/$11469CAD (Bitcoinaverage).

Isn't Bitcoin a wonderful way to learn patience and serenity?
ssmc2
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April 22, 2018, 04:42:05 PM

https://www.investopedia.com/news/bitcoin-mining-money-loser-below-8600-report/

Does anyone know how accurate this is? I thought I read on here somewhere that actual cost was around 4k for some of these Chinese miners...
Torque
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April 22, 2018, 04:46:01 PM
Last edit: April 22, 2018, 05:09:17 PM by Torque

Still thinking this is complete nonsense but ...

https://bircoin.top/

We are 3% ahead of the prediction Cheesy

The reason it's nonsense is because the amount of bitcoin holders who still hold hundreds and thousands of bitcoins vastly outweigh (in coins) the number of new users that could push the price to $1M by buying what little amount of bitcoin is on the exchanges. And the float is only getting thinner each year.

I mean, there were n00bs still able to buy whole bitcoins just last year. Who wouldn't sell them all at $1M in just 3 years? Who wouldn't dump a few, or ten, or a hundred at that price point? Many would.

Point is, because of the increasing selling impetus as the price climbs higher, I think it'll take a LOT longer for us to reach $1M/btc. Probably like 10-15 years. Extremely doubtful in just three years. Unless ETFs come on board and wanna just leverage up the price to the moon overnight, but they have to know this will spark some heavy selling.
El duderino_
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April 22, 2018, 04:47:02 PM

24777 usd

16/04/2018 practicaldreamer Sad
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK    list is now a shortlist Grin
gembitz
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April 22, 2018, 04:53:01 PM

Good AM Bitcoinland.

The battle for $9k continues... currently $8965USD/$11469CAD (Bitcoinaverage).

Isn't Bitcoin a wonderful way to learn patience and serenity?

Bitcoin breaking out and up over 10K my dude + woi:: idk if you know how to compile  Wink ===>



https://github.com/bitcoinstant/bitcoin-instant
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April 22, 2018, 05:04:32 PM

I would trust 0 confirms for small every day microtransactions like groceries. Worse case if someone manages to pull off a sophisticated double spend attack while standing at the checkout line, then the merchant can put that person on a crypto blacklist and mail them a bill

With RBF it can be made trivial. Don't trust 0-confirms for anything you wouldn't trust a scribbled IOU for.
Anon136
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April 22, 2018, 05:28:53 PM

So really all I know is that they intended to "scale" by increasing the blocksize. ... Has anything changed? Are they proposing realistic alternatives to lightning for scaling? Are there new developments that I should be aware of?
0 confirmation transactions. No, seriously - that's the amazing and innovative feature bcash has implemented to try to compete with lightning.

What, did they get some sort of commitment from a federation of miners/pools that when they receive conflicting transactions in their mempool they will mine the one they encountered first rather than the one with the larger fee? That could be done with like 2 lines of code. If it's more interesting than that than I will go do some research.
You mean disabling replace by fee?

Does that mean all I have to do to double spend is send the funds to myself seconds before I send them to the victim?
If the protocol is first transaction gets blockspace, the victim's transaction won't find its way into a block. Double spend will fail, but legitimate RBF transactions could be impossible.

There is no way to know when a transaction was issued. All a big miner can know is when he first saw it and he could share it with all of the other big miners. Then someone who is being paid could reach out to the big miners and ask if they have yet witnessed any conflicting transactions. If the answer is no and the receiver is aware of the miners policy of accepting the first transaction that they encounter in the event of conflicts, the receiver could then relatively reliably trust a 0 confirmation transaction. A degree of centralization in mining would help with this. I am imagining this is what jbreher meant by "bcash has 0 confirmation transactions". If it is than I'm not interested, if it's something else than I am.
mike4001
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April 22, 2018, 05:32:48 PM

At the moment we cannot break 9k (and hold it)

Went just about 2 or 3 times already today.

More interesting is that the sell orders until 10k shrunk from ~1200 to ~1000 BTC at Bitstamp.

I see it the way that sell pressure is generally fading (even if we cannot break 9k atm)
El duderino_
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April 22, 2018, 05:42:25 PM

Great article by @janeygak on #Bitcoin adoption in developing countries. Very informative.

https://twitter.com/whalepanda/status/988100608182882304?s=21
Torque
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April 22, 2018, 05:44:49 PM
Last edit: April 22, 2018, 10:05:26 PM by Torque

There is no way to know when a transaction was issued. All a big miner can know is when he first saw it and he could share it with all of the other big miners. Then someone who is being paid could reach out to the big miners and ask if they have yet witnessed any conflicting transactions. If the answer is no and the receiver is aware of the miners policy of accepting the first transaction that they encounter in the event of conflicts, the receiver could then relatively reliably trust a 0 confirmation transaction. A degree of centralization in mining would help with this.

No worries, BCash has got you covered. They're all one big ol' centralized mining operation that trusts one another. No verification needed.  Wink

So how long until they become PayPal 2.0? Sounds like they're already there.

I think I just heard the sound of Satoshi screaming in his grave.
Last of the V8s
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April 22, 2018, 05:51:26 PM


so they just need a few kb right now?
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