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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25460474 times)
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Mahirap
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June 29, 2018, 04:08:39 PM

It's still possible for Bitcoin to reach untill 3,000$ mark untill it bounces back up in late 2018 there are no good resistance at 6k mark so possibly it still may go down.
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June 29, 2018, 04:12:41 PM

It's still possible for Bitcoin to reach untill 3,000$ mark untill it bounces back up in late 2018 there are no good resistance at 6k mark so possibly it still may go down.

It all depends on exactly what the operations cost for the huge mining farms is. If it goes too low, we may see a push from the big miners to try and prop up the price. However, Bitmain made a boatload of profit last year. So they may have enough of a cushion to ride it out and have the competition get annihilated.  (Remember GHASH? They got blown out of the water in the 2015 bear market and Bitmain came out on top.)  This will have the added benefit of lowering the difficulty; therefore the cost to mine.
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Doomed to see the future and unable to prevent it


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June 29, 2018, 04:18:43 PM

My "$7,500-$8,000" guess for tomorrow may have been a little off.

Fucking sea of red today, time to get on the bike and go get drunk. Smiley
vroom
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June 29, 2018, 04:25:09 PM

It's still possible for Bitcoin to reach untill 3,000$ mark untill it bounces back up in late 2018 there are no good resistance at 6k mark so possibly it still may go down.

It all depends on exactly what the operations cost for the huge mining farms is. If it goes too low, we may see a push from the big miners to try and prop up the price. However, Bitmain made a boatload of profit last year. So they may have enough of a cushion to ride it out and have the competition get annihilated. (Remember GHASH? They got blown out of the water in the 2015 bear market and Bitmain came out on top.)

conclusion: decentralization gives bitcoin value but decreasing value leads to centralization? I hope current pools can compete with bitmain or he will dominate bitcoins hashpower sooner or later.
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June 29, 2018, 04:31:38 PM
Last edit: June 29, 2018, 04:44:49 PM by bones261

It's still possible for Bitcoin to reach untill 3,000$ mark untill it bounces back up in late 2018 there are no good resistance at 6k mark so possibly it still may go down.

It all depends on exactly what the operations cost for the huge mining farms is. If it goes too low, we may see a push from the big miners to try and prop up the price. However, Bitmain made a boatload of profit last year. So they may have enough of a cushion to ride it out and have the competition get annihilated. (Remember GHASH? They got blown out of the water in the 2015 bear market and Bitmain came out on top.)

conclusion: decentralization gives bitcoin value but decreasing value leads to centralization? I hope current pools can compete with antpoo/btc.com or bitmain will dominate bitcoins hashpower sooner or later.

They probably already do. I suspect Bitmain is pointing some of their hash at alternative pools just to obfuscate their true power. I could be wrong though. Also, centralization is just a byproduct of pure economics. It is always more economical to pool resources. Furthermore, total decentralization is a lofty goal. There is never going to be the homogeneous distribution of wealth, resources and talent required for true decentralization to take hold. That is why true communism never works. It always evolves into a despotic socialist regime.
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June 29, 2018, 04:37:14 PM

My "$7,500-$8,000" guess for tomorrow may have been a little off.

Fucking sea of red today, time to get on the bike and go get drunk. Smiley

For me its sport @ 28degrees followed by small diner on terrace with summer wines ...., tomorrow its the real deal with me its not gonna be an Epic night like few weeks back but i’m starting my engine for celebrating my BTC increases of last 2 months and Will be So fucked up tomorrow on strong booze lovely foods with @ the end No more knowing my Own name of how a BTC logo looks like......
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June 29, 2018, 04:43:18 PM

Facebook bans Crypto Ads, price goes down. Facebook allows Crypto Ads again, price goes down  Cheesy
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June 29, 2018, 04:50:11 PM

They probably already do. I suspect Bitmain is pointing some of their hash at alternative pools just to obfuscate their true power.

i reckon they've had far more than 51% for several years, and certainly have enough power to influence 51%. letting anyone know that is not helpful to their image.
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June 29, 2018, 04:58:37 PM

Facebook bans Crypto Ads, price goes down. Facebook allows Crypto Ads again, price goes down  Cheesy

But invite-only recruitment soiree Huh
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June 29, 2018, 05:03:05 PM

Facebook bans Crypto Ads, price goes down. Facebook allows Crypto Ads again, price goes down  Cheesy

But invite-only recruitment soiree Huh

Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.

Source: https://bitcoinmagazine.com/articles/facebook-reverses-cryptocurrency-ad-ban-amidst-rumors-coinbase-acquisition/

There are rumours that Facbook will buy Coinbase and that might be the reason for reversing the ban.
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June 29, 2018, 05:17:43 PM

This is the 10-th time I read about it this week. Facebook buying Coinbase?

Last night, I attended an invite-only recruitment soiree hosted by FB.

That is all.

Ooh how disgusting. You poor devil. Was it ghastly. Do tell us more.
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June 29, 2018, 05:30:37 PM

If you haven't seen this before it's worth a watch.

Andreas explains why Big Blocks are not going to work. (watch time: 5-6mins, Petabyte Blocks & Streaming Money)

https://youtu.be/AecPrwqjbGw?t=11m39s

he is talking about how big block sizes would make bitcoin centralized (because he knows how Computing technologie would develop in the next 10 years ofc.)
Moore's Law has been defied already some time ago. It's not Andreas who seems to lack a basic grasp of current technology trends.

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Even if so: LN is by design centralized.
It is not centralized by design. Indeed, the design itself is peer-to-peer - even more so than the Blockchain itself, because there are no validators that could potentially choke the network.

It is not centralized in real life deployment, either. Just look up some of the diagrams our resident Lighting Networker Boblawblaw posts once in a while.

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So whats that argument even about?
Was there an argument? I only noticed someone spreading ill-digested information, or deliberate lies.
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June 29, 2018, 05:31:57 PM

This is the 10-th time I read about it this week. Facebook buying Coinbase?

Last night, I attended an invite-only recruitment soiree hosted by FB.

That is all.

Ooh how disgusting. You poor devil. Was it ghastly. Do tell us more.

that does sound unbearably lame

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June 29, 2018, 05:35:40 PM

My "$7,500-$8,000" guess for tomorrow may have been a little off.

Fucking sea of red today, time to get on the bike and go get drunk. Smiley

For me its sport @ 28degrees followed by small diner on terrace with summer wines ...., tomorrow its the real deal with me its not gonna be an Epic night like few weeks back but i’m starting my engine for celebrating my BTC increases of last 2 months and Will be So fucked up tomorrow on strong booze lovely foods with @ the end No more knowing my Own name of how a BTC logo looks like......

If you weren't here, we'd have to make up someone like you just for the kicks. Enjoy yourself. Drink responsibly.

Oops... I slipped on the last phrase, sorry! Wink
gembitz
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June 29, 2018, 05:36:14 PM
Merited by jbreher (1)

Facebook bans Crypto Ads, price goes down. Facebook allows Crypto Ads again, price goes down  Cheesy

But invite-only recruitment soiree Huh

Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.

Source: https://bitcoinmagazine.com/articles/facebook-reverses-cryptocurrency-ad-ban-amidst-rumors-coinbase-acquisition/

There are rumours that Facbook will buy Coinbase and that might be the reason for reversing the ban.

when is Craigslist buying Bcash? :-D LOL!!!
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1/21000000 , the only math you need to know


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June 29, 2018, 05:43:12 PM


If you weren't here, we'd have to make up someone like you just for the kicks. Enjoy yourself. Drink responsibly.

Oops... I slipped on the last phrase, sorry! Wink

hopefully he gets drunk enough to slip another leg shot of Ms Goose
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June 29, 2018, 05:46:55 PM

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?


re: BTI it's easier just to buy ~ you must think of a real world use that bitcoin core doesn't do! Wink weeee

===>

https://freiexchange.com/market/BTI/BTC

http://www.bitcoinstant.org/

#obeybitcoin

Central banks are a scam that is 100% of fiat is a scam

...."how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams"....

It is not 60% it is 100%

Treat it all as a scam then you win better

The banks
the stocks
the metal
the crypto

call scam, look for the scam, try and play the scam

one scam is, buy the dip

as long as the bottom keeps going up

buy the dip


and you do not want no KODAK moment (watch your investment and its owners)

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June 29, 2018, 05:48:52 PM

Last pages where what I needed to rethink my Bitcoin positioning. It's always good to never forget our mantra
Don't trust, verify

I have never been a huge fan of those 3 addresses. I have always kept my cold important, hard-earned, hard-paid UTXOs in 1-starting bitcoin addresses.

I have never had issues spending more for my txs to be confirmed beacuse I know what it costs to transact on the most secure network around.

Oh, for the record, f**k bcash in case you were thinking I was shifting to Vercoin

For everything else, there's Mastercard Dogecoin
 Grin

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Be a bank


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June 29, 2018, 05:52:05 PM

Zuckerberg and Roger Ver sitting in a tree
Shilling a blatant scam cryptocurrencee
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June 29, 2018, 05:52:46 PM

Last pages where what I needed to rethink my Bitcoin positioning. It's always good to never forget our mantra
Don't trust, verify

I have never been a huge fan of those 3 addresses. I have always kept my cold important, hard-earned, hard-paid UTXOs in 1-starting bitcoin addresses.

I have never had issues spending more for my txs to be confirmed beacuse I know what it costs to transact on the most secure network around.

Oh, for the record, f**k bcash in case you were thinking I was shifting to Vercoin

For everything else, there's Mastercard Dogecoin


Spoken like a true crypto master
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