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

[JayJuanGee]

Looking forward to some quality Schnorr FUD from Jbear and crew.  

I don't know why you'd think that. I don't believe I have previously espoused an opinion on Schnorr sigs.

You basically said Schnorr signatures would do nothing to alleviate the scaling issue. That would qualify as an opinion.

Hmm. I guess you know more about my past postings than do I. Link?

Schnorr can obviously reduce the size of txs that have multiple elements. I wouldn't say that is 'nothing'. If this be shown to be a reversal of a previously held opinion, then so be it.

Of course, my final opinion would be driven by an analysis of not merely the benefits of Schnorr, but also its costs.

edit: Oh - I see you've added the link. Thank you. I shall quote:

Currently it would take over 30 years to send each person on earth a single Bitcoin transaction. Think about that.

Lightning does nothing to alleviate that.
Segwit does nothing to alleviate that.
Schnorr sigs does nothing to alleviate that.

True enough. If you wish to send every person on earth a single Bitcoin tx (e.g., perhaps to open an LN channel), it will take on the order of three decades. And Schnorr indeed does nothing to alleviate that. It is a true statement, and it is not identical to "Schnorr signatures would do nothing to alleviate the scaling issue".

Your assertion is shown to be false.

After re-reading your post I stand corrected on my interpretation and agree you were referring to a very extreme theoretical scenario where all the block space is used exclusively for opening channels for every person on earth.

I am glad to hear you agree that Schnorr signatures could have some impact on scaling improvement depending on circumstances.

Oh Fuck me, Bitserve.   You are much more gentlemanly than me or even the member that has such a username.... 

I understand that you were probably being a bit sarcastic, but think about a lot of these fucking troll nutjobs and bitcoin doomsdayers, they often take a scenario that has less than a 1% chance of occurring, and impliedly place it at much greater odds - and furthermore they presume that the development is kind of in a stasis and the evolution will occur in the coming days without tit and tat developments along the way to pretty much negate their pie in the sky supposed scenario from playing out.

[JayJuanGee]

The price of BTC is creeping up IMHO on the off chance that the SEC will approve the 'top heavy for the rich' ETF next month

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again

be cautious

brad

stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<<

yeah right... maybe I should cry instead of laughing?

Certainly Searing is neither a basher, a short player nor a book talker. 

He does have a tendency to dwell on the possible negative outcomes, though. 

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.   

[Rosewater Foundation]

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.   

If this thing goes tulips Searing has agreed to let me live in his cupboard. True story.

[JayJuanGee]

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.   

If this thing goes tulips Searing has agreed to let me live in his cupboard. True story.

I imagine that Searing has cupboards that are nicer than the houses of many folks, so you would be in quite nice dwellings, there.

[HairyMaclairy]

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.  

If this thing goes tulips Searing has agreed to let me live in his cupboard. True story.

Is it the cupboard under the stairs?

[Rosewater Foundation]

I don't want anything fancy.

Bob: They really do investigate your ass very thoroughly. There are special x-ray chairs now.

[d_eddie]

The price of BTC is creeping up IMHO on the off chance that the SEC will approve the 'top heavy for the rich' ETF next month

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

... or is it really BlackRock, as some sources in the MSM say? If they're really checking out Bitcoin, as the rumor goes, we can bet our collective asses that we're due for another plunge. It's Conspiracy 101: they like their coins cheap.

The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again
be cautious
brad

This applies even if it indeed BlackRock. Not that it matters that much.

[Anon136]

Did you have to screen shot it to make that?

I don't want anything fancy.

Bob: They really do investigate your ass very thoroughly. There are special x-ray chairs now.

https://quotefrom.me/previous

[El duderino_]

^^


WHICH one gotta wear tomorrow ?

I guess its the BULL head today cheers 

For some reason, I don't like the colors of those hats.

Perhaps I am brainwashed?

bought this one as wel just in case .....

   

[HairyMaclairy]

Don’t say it. It’s a trap.

[Rosewater Foundation]

https://quotefrom.me/previous

Money well spent 

[RejectedBanana]

The daily 200 MA is falling pretty steeply these days. At this rate, it won't be much longer until it encounters the 50 MA for a golden cross.

Assuming the 50 MA flattens out around current prices, this would bring us to mid-September-ish. This is how it played out the last time we had a golden cross in 2015: the 200 MA fell to meet a flat 50 MA.

Following a more aggressive 50 MA trend from the recent bottom, it could even happen as early as mid-August-ish.

1 to 2 months. Right around when we expect some ETF news. Who wants to guess the date?

Straight Outta My Ass (tm) TA


Daily 50/200 MA

[Last of the V8s]

It's fine TA. Just a note, a lot of the bots use a 55 MA.



Go to the Golden Cross, have a nice cold pint and wait for this all to blow over

[Last of the V8s]

 
He hides his lightning under a bushel.

[Rosewater Foundation]

Credit where it's due*. I couldn't Lightning my way out of a paper bag. Maybe I should start.

But my skills are entirely other.



*Rosewater gives Anon136 credit, because it's cheaper than sMerits*

[Last of the V8s]

^Thanks, man.
Our emu overlords are benevolent.

[jojo69]

you deserve it man

I'm about to log off for like 2 weeks and I'm really worried I will miss the V8 legendary party

[d_eddie]

6666

[teramit]

Road to 100k has begun!!!

i recomend you my last comment on the topic opened 2 months ago
https://bitcointalk.org/index.php?topic=3326533.msg42297319#msg42297319

[d_eddie]

Road to 100k has begun!!!

i recomend you my last comment on the topic opened 2 months ago
https://bitcointalk.org/index.php?topic=3326533.msg42297319#msg42297319

I went far from the WO thread to read that comment. I was scared out there. I found the post.

Resurgencing topic again because same think is happening, price is rising and everbody is hoping that ti will fly to the moon, yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts. As this topic opened nearly nobody believed what i said only %10 of users seems supporting but it was obvious for me just like now. Manipulator is convincing people that price is rising with steep moves, free market can rise but not like this, free market should rise slowly , if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise.
 If you wonder how a giant rise come it simply come after volatilty ends and it took months to convince all investors to it will be historic , so dont expect too much thing from volatily.

I fundamentally agree with this view. We're still deep in some big player's games. There's this move away from Bart Simpsons into a slightly different pattern, but it's only apparent on shorter time frames. I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility.

All strictly SOMA, it goes without saying.