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

[shahzadafzal]

Meet the path to NEW "ATH" by year end (2018):

All I can see is two mountains of almost same height... why it can't grow bigger by end of 2018?

https://www.tradingview.com/x/TFWR2NB6/

[Dabs]

Who here is NOT going to sell me their Lambo if I pay in BTC that has either some segwit taint, or that actually comes from a native segwit address? I didn't find anyone who wouldn't accept my coins.

That would be that Bcash idiot Jbreher  

Actually, I don't think he said it. He implied that someone else would not accept BTC that came from one of his perceived asset classes. I don't think he wouldn't accept my BTC no matter where they came from, but at the same time, he doesn't need our BTC since he seems to have more than we do, and he's got nothing for sale that we could pay in BTC.

I mean, bitcoins are bitcoins. bitcoin cash is bitcoin cash. Other than that (and the other forks), there's no difference.

I'll accept bitcoin cash, I'll just market sell it all.

[El duderino_]

[d_eddie]

For me, the dream of fungibility died when Ross Ulbricht went to prison.

It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources.

[European Central Bank]

It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources.

it would've been eventually. no one back then knew how good it would become. he would've left trails that would've led to him years down the line even had he walked away.

[Bitcoinaire]

I don't want to jinx it, but the price action is looking good.

[Totscha]

I don't want to jinx it, but the price action is looking good.

Jinx confirmed!

[mindrust]

I don't want to jinx it, but the price action is looking good.

Jinx confirmed!

Satoshi created it too.

[jbreher]

What I am asserting remains what I have been asserting all along. I am asserting that these properties are endemic to Segwit. Period.

O.k.  You are asserting a theory.

No. I am not asserting a theory. I am asserting fact. Not theory. Fact. Segwit's separation of Bitcoin into three distinct classes is a readily-observable fact.

You really have a problem with basic definitions here.

[jbreher]

The evidence is already given. Segwit creates a triple-classed asset. And that this is by definition a lack of fungibility.

I will pay you 10% under market for all your segwit tainted coins.

Might need to do it in batches.

No?

Thanks for the (disingenuous) offer, but I don't have any Segwit tainted coins.

[jbreher]

Just realized that Bitcoin's hash rate is up +100% since January 2018 and around +25% since May as well as +15% from two weeks ago.

That's a nice hashrate miners. Those are some nice ASICs.

It would be shame if someone...

changed...

the algorithm.

Indeed. Changing the algorithm would be stupidity of the first order. See Bitcoin Gold, et al, for the logical conclusion of that path. No good can come from jettisoning Billions of $USD worth of dedicated security appliances. The idea itself is being floated by economic ignoramuses.

[ccminer.net]

Nice price movement, volumes up and price up as well!
Hope it will keeps like this for few weeks

[Last of the V8s]

*ignorami

[gembitz]

What I am asserting remains what I have been asserting all along. I am asserting that these properties are endemic to Segwit. Period.

O.k.  You are asserting a theory.

No. I am not asserting a theory. I am asserting fact. Not theory. Fact. Segwit's separation of Bitcoin into three distinct classes is a readily-observable fact.

You really have a problem with basic definitions here.

Segwit is bitcoin if you don't like it make your own shitcoin lol ..hehe

[Totscha]

Are we going back to the $7000 levels this week?

The word possibly comes to mind. But I wouldn't bet on it.

[mOgliE]

Are we going back to the $7000 levels this week?

The word possibly comes to mind. But I wouldn't bet on it.

If it does you might consider selling at 7k to buy back after we fall again at 6k!
I don't see why price would rise now. It's not like people are getting back trust in btc right now!

Or did I miss something major? xD

[cAPSLOCK]

The evidence is already given. Segwit creates a triple-classed asset. And that this is by definition a lack of fungibility.

I will pay you 10% under market for all your segwit tainted coins.

Might need to do it in batches.

No?

Thanks for the (disingenuous) offer, but I don't have any Segwit tainted coins.

Not disingenuous.  I would buy every single last satoshi.  Too bad for me you have none to sell.  But I am glad for you that the coins you have you perceive to be more valuable than ones that have touched segwit addresses.

I see the idea that segwit is harming fungibility as being equivalent to the letter above the left serial number on US treasury notes damaging the fungibility of USD.  Unless some sort of segwit Armageddon comes (as I understand you believe is possible) it will be a laughably insignificant percentage of users who give a frack whether their bitcoin has ever touched an address starting with a 3.

In fact, talking about bitcoin fungibility and taint and worrying about segwit is silly.  Bitcoin is already not very fungible. The fact the ledger is public, transparant and you can view the history of each satoshi brings fungibility down quite a bit.  Businesses have blacklisted coins or customers based onthe history of coin transactions.  This is MUCH MUCH more worrysome to fungibility in my opinion than nutters who won't take coins because they've been on a segwit address.  

I think Bitcoin's transparency is a feature, not a bug.  You have the right to refuse to accept bitcoins based on whatever rainman theory you have about them.  And I think a truly opaque and near fully fungible token can reside on a blockchain built for that alongside BTC.  In fact I see this as one of the ONLY reasons for more than 1 POW blockchain to exist in the world at all. (Monero, by the way).

[bitChipper]

Are we going back to the $7000 levels this week?

The word possibly comes to mind. But I wouldn't bet on it.

Early this morning, while waking and hitting the snooze button I kept having this dream that I would look at my phone and see bitcoin at $4100...in my dream I kept thinking "no way"...

could it be an omen? am i a prophet?

criticism and jokes of my superstition are welcome, so are donations, thanks 

[Anon136]

Are we going back to the $7000 levels this week?

The word possibly comes to mind. But I wouldn't bet on it.

Early this morning, while waking and hitting the snooze button I kept having this dream that I would look at my phone and see bitcoin at $4100...in my dream I kept thinking "no way"...

could it be an omen? am i a prophet?

criticism and jokes of my superstition are welcome, so are donations, thanks  

The only omen here is the omen that you are going to die young if you don't figure out a way to get your mind on other things. You, my friend, need a vacation.

[Globb0]

In fact, talking about bitcoin fungibility and taint and worrying about segwit is silly.  Bitcoin is already not very fungible. The fact the ledger is public, transparant and you can view the history of each satoshi brings fungibility down quite a bit.  Businesses have blacklisted coins or customers based onthe history of coin transactions.

This. Blacklisting stuff I might buy then find I cant spent unless I trick the next person.

Interchangeability is fungibilty, serial numbers don't stop 10$ notes being interchangeable. But if a set of serial numbers were invalidated somehow then it could be an argument.