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Question: Closing BTC Price June 17:
$0 - 2 (1.6%)
<$6,500 - 7 (5.7%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.6%)
$7,001-$7,250 - 3 (2.4%)
$7,251-$7,500 - 6 (4.9%)
$7,501-$7,750 - 4 (3.3%)
$7,751-$8,000 - 12 (9.8%)
$8,001-$8,250 - 13 (10.6%)
$8,251-$8,500 - 6 (4.9%)
$8,501-$8,750 - 6 (4.9%)
$8,751-$9,000 - 11 (8.9%)
$9,001,$9,250 - 12 (9.8%)
$9,251-$9,500 - 13 (10.6%)
>$9,500 - 16 (13%)
$20,000 - 9 (7.3%)
Total Voters: 123

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21224401 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. (64 posts by 15 users deleted.)
Elwar
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June 18, 2018, 04:17:22 PM

Not sure if it's any indicator at all but my gf's localbitcoins sales have been up.

Though it could just be the new program I wrote to push her to the top of the list.

Several 100k baht trades today (about $3k each) with one guy asking if she can do 400k, settling for 100k because all her money was back on the exchange.

Usual trades are usually a few around 10-20k per day.
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JayJuanGee
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June 18, 2018, 04:24:53 PM
Last edit: June 18, 2018, 04:58:00 PM by JayJuanGee

We have evidence in this thread of users not wanting to accept Segwit transactions. That's users not miners, that's a lack of fungibility, and that's an issue.

I didn't know that. If you gave me a legacy BTC address (if we had some sort of deal or transaction), I'd send you some BTC that came from a native segwit address. You'd still get your BTC, and you'll likely get it confirmed in a block faster too. Why would you not accept that? Would you return it?

Its a crazy idea, but it is true. There are some Bitcoiners out there that will not accept a Bitcoin TX if there is any segwit TXs in its lineage. Take this with a grain of salt, as my understanding of this attack is very basic and I have no clue how viable it is. The idea behind not accepting Segwit TXs is because there could be a potential 51% collusion attack in the future, where the miners would roll back the Segwit fork and accept all the past Segwit txs as anyone can spend. They would then continue mining the original protocol satoshi designed. So theoretically, there would be two chains. The legacy BTC chain, and the rolled back Segwit chain with all the stolen coins. Any "Legacy" BTC that has no Segwit TXs in its lineage have no risk of being stolen in this attack.

Again, like I said, I have a very rudimentary understanding of this attack. I don't really know the specifics or its viability. This is something that Anonymint has been talking about on this forum recently under his alt account "anunymint".

If the practice of not accepting coins that have any segwit anywhere in their history is actually true, then I would concede that lessens bitcoin's fungibility; however,  first of all this seems to be a fabricated set of facts... nonetheless if folks are merely playing such nonacceptance games for political reasons, then this group surely would have to garner support for such issue before such lessening of fungibility becomes something worthy of attention.  

Still seems like a FUD spreading phenomenon to me (and the topic of fungibility seems to be a large exaggeration rather than based on any kind of meaningful issue), rather than anything that is likely to become a real and meaningful problem.


Edited: Added response to bitserve

About fungibility.... if one (jbreher?) wants to take the term to the extreme meaning (IDENTICAL), then that doesn't really exists. There's no two identical anything. Not in cash -bill denomination, serial numbers, usage wrinkles, etc) not in gold bars -different weight, composition, usage marks, etc- neither in crypto, yeah.

Of course this fungibility is not an issue, until either a government or individuals begin to engage in a practice of changing value of coins based on demarcation, which is currently not an issue, but instead a speculation of an issue that could come up perhaps maybe blah blah blah.  And, also assuming that there is no way to remove history, then there is a way that coins could begin to look distinguishable from their history... but so far remains a BIG SO FUCKING WHAT?

But it is common sense to use the term as SIMILAR/REPLACEABLE and in that respect there is absolutely no lack of fungibility due to Segwit as jbreher is saying. That's complete bullshit.

You seem to have identified the problem, and that is jbreher trying to distort issues.
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June 18, 2018, 04:30:25 PM

HOW CAN THIS BE ?!???

vroom
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June 18, 2018, 04:32:09 PM



HOW CAN THIS BE ?!???


massive green dildo, don't you see it?

edit: $200 spike
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June 18, 2018, 04:36:05 PM
Last edit: June 18, 2018, 04:51:57 PM by BobLawblaw

massive green dildo, don't you see it?

Well, TBH, I was feeling it, more, but didn't want to say anything...

EDIT: @WhaleCalls

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June 18, 2018, 04:44:11 PM

Good morning all.

9am...banks opened..dumping filthy fiat...weeeeee! (This is also a technical term for those in the know...fyi)







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June 18, 2018, 04:52:21 PM

Still some Barting activity. I don't buy it sorry.
Sad to admit a few people are making a shit-ton of money due to this self-evident manipulation.
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no FOMO


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June 18, 2018, 04:55:08 PM

well now
BobLawblaw
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June 18, 2018, 04:55:20 PM

Still some Barting activity. I don't buy it sorry.
Sad to admit a few people are making a shit-ton of money due to this self-evident manipulation.

I hate that I'm agreeing with you Sad

I fear this is a short-term upward-Bart before resuming the inverse-Bart pattern we've been seeing as of late.
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June 18, 2018, 04:56:21 PM

Shit's about to get real.
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It's over 9000!


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June 18, 2018, 04:58:16 PM
Merited by BobLawblaw (1)

The next 101,919 blocks are critical.
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June 18, 2018, 05:02:17 PM

https://twitter.com/BitmexRekt/status/1008748209626329088  This means that $10M worth of BTC were bought? This explains volume's spike and green dildo (leading to another bart simpson? I hope not lol)
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June 18, 2018, 05:04:39 PM
Merited by BobLawblaw (1)

Still some Barting activity. I don't buy it sorry.
Sad to admit a few people are making a shit-ton of money due to this self-evident manipulation.

I hate that I'm agreeing with you Sad

I fear this is a short-term upward-Bart before resuming the inverse-Bart pattern we've been seeing as of late.
If it does sideways for the next hours and goes back down (250$ cliff) Bart's confirmed.
I would be more than happy to be wrong though!  Grin
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June 18, 2018, 05:09:41 PM

Bitmex is a bucketshop you noobs.  It does not matter who gets liquidated or longs or shorts there.  Bitmex positions don't drive the market; people would manipulate the real market to blow up Bitmex positions, not vice versa.  But what type of serious money would actually trade on a fucking bucketshop scam site in the first place?  If people were manipulating the real bitcoin market solely to try and sway positions on some tiny bucket shop nobody sane would actually trade on, it means the bitcoin market is far more pitiful than anyone could imagine.
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June 18, 2018, 05:11:31 PM

Still some Barting activity. I don't buy it sorry.
Sad to admit a few people are making a shit-ton of money due to this self-evident manipulation.


Well..that is your prerogative I guess. My take on it is this..  I know for about a 95% certainty that bitcoins price will at least double in the next twelve months. I dont know where you can find better odds than that at present.

D
I would call this a corrective move upwards not only due to technicals but also fiat fleeing legacy markets on a downturn. On the daily we are still well below moving averages. I would estimate a conservative target of $7.26k by months end.


W
Perspective

#dyor
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June 18, 2018, 05:17:11 PM

I would call this a corrective move upwards not only due to technicals but also fiat fleeing legacy markets on a downturn.

Baby boomers fleeing the stock market to invest their life savings in shitcoins?  /facepalm.  You guys are getting desperate to come up for excuses as to what actually moves the bitcoin market when it's entirely Bitfinex fraud whether it goes up or down.
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June 18, 2018, 05:17:19 PM

And booooooooooooooooom  Shocked Shocked
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June 18, 2018, 05:18:51 PM

WTF is going on with the sudden volume. Holy sheeit !!
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June 18, 2018, 05:21:07 PM

WTF is going on with the sudden volume. Holy sheeit !!

Low volume on bitstamp.  Mediocre volume on Gdax.  Extreme volume fraud on Bitfinex as usual.
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June 18, 2018, 05:22:06 PM

I am referring to the right here, right now situation. In the past few weeks Bart is up and running. I said I'm here for the long run many times, no need to explain further. Simply warning that there are green candles and green candles.
DYOR, always  Cool

EDIT: two upperbarts...
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