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

[fabiorem]

There will be a new bull run with ore without the ETF's.

The (SEC) govt. officials know it!  They are just trying to hold the rocket down while they wait for their Coinbase account to accept their huge inflated (worthless) cash deposits.

Nobody cares for ETFs. Its just fuel for FOMO. Let it run.

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[Elwar]

Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.

Grouping people together based upon melanin count is just ridiculous. Melanin changes. It would make more sense to group people based upon eye color which doesn't change (though it can be masked). Pick a trait that doesn't change with sun exposure. Ear size? Hmm, that changes as you age. Best to go with eye color. That's about the only thing about your body that doesn't change throughout your life.

Then you can put in your mind "everyone with green eyes is...X...", "everyone with brown eyes is...Y...". Of course, whatever eye color you have you need to define it as being superior.

Perhaps that's why people choose the date they are born to group themselves. That doesn't change. "Geminis are all...X...!", etc.

[JayJuanGee]

Easy bet, easy win :

https://twitter.com/morcosa/status/1020691225182199808

That was a strange bet for Erik to make.  These kinds of time captures can remind us of some of the true colors of others, who are currently acting like staunch bitcoin advocates, but they can have diverging histories that put their integrity into question.

I guess that in the time frame around July 2017, Erik was a kind of bitcoin naysayer because he was whoring himself out for the various forks, including the segwit2x fork and also hedging with bcash.. and furthermore there were a few other hardforks being threatened around that time - that subsequently lost steam against the real deal bitcoin..

Of course, there are folks still hedging their bets with bcash, hoping to keep that lame project alive.. and perhaps some of the more prominent bitcoin folks are peeling off from their bcash support too.. though of course it's a mixed bag because sometimes you cannot tell for sure if a supposed bitcoin supporter is just going to go on some kind of rampage to support a bitcoin attack vector rather than attempting to work within bitcoin improvement channels.

[JayJuanGee]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

+1 WOsMerit.

You alleged bitcoin bulls, seem to be hopium for something, and suggesting that there is some kind of certainty.






Maybe that is how a bull slowly transforms into a bear, or goes roach, or BJA?

or turns into something totally different.. .like a bulldog?

[Rosewater Foundation]

It would make more sense to group people based upon eye color

I can smell blood-type. I only associate with universal donors.

[bones261]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

+1 WOsMerit.

You alleged bitcoin bulls, seem to be hopium for something, and suggesting that there is some kind of certainty.

So the buy of a lifetime was 78XX USD?   I missed my opportunity to buy buy buy in late 2014 and early 2015. Now that was truly the buying opportunity of a lifetime. That was a great deal. I know there were even better deals in 2013 and before, but that ship sailed by the time that I became aware.

[Elwar]

Whether the price is up or down, anyone with bitcoins is rich in Venezuela


Venezuelan bolivar/BTC. Last 3 months.


Bitcoin to the moon!!!
in Venezuela

[Rosewater Foundation]

Future proves past

*Rosewater shrugs, kicks at nothing, falls, breaks hip*

[JayJuanGee]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

+1 WOsMerit.

You alleged bitcoin bulls, seem to be hopium for something, and suggesting that there is some kind of certainty.

So the buy of a lifetime was 78XX USD?   I missed my opportunity to buy buy buy in late 2014 and early 2015. Now that was truly the buying opportunity of a lifetime. That was a great deal. I know there were even better deals in 2013 and before, but that ship sailed by the time that I became aware.

Within the past month, there was a real decent BTC buying opportunity at $5,777, but even if you missed the exact bottom of that particular BTC price correction, there were a large number of days in which you could have bought some BTC in the low $6ks.

That is why the BTC HODLers and accumulators who are not employing margins or shorting systems, develop other seemingly more reliable systems to BTFD, and even though we don't know exactly when we got the bottom, but if we keep working at our system to BTFD (and don't play with rent money or other money that you need to live on for 6 months or so) then we are likely going to be in a very decent set up to profit greatly from that practice with the passage of time, even if, from time to time, it could take a few years for our profits to really play out.... but bitcoin seems to be a kind of great long game rather than one in which we should play around with shorting or selling on the way down and hoping for lower and those kinds of less preferred and seemingly gambling strategies.

[JayJuanGee]

Future proves past

*Rosewater shrugs, kicks at nothing, falls, breaks hip*

What does that mean, exactly?  Maybe Wo-bot, aka mymenance, should explain such nonsense before folks get too worked up into reading into such hieroglyphics?

[Rosewater Foundation]

Ho hum. Round-out your WO's collection with you very own Jimbo. Complete with bass axe and super glutens. The ice man cometh.

[bitserve]

4th installment of the Andreas Breken's Lightning Network series is already out:

https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-4-what-happens-when-you-close-half-of-the-lightning-network-b25b330dfad2

"Bitcoin Lightning Network #4: What happens when you close half of the Lightning Network?"

TL;DR: Nothing happens, LOL

[JayJuanGee]

Bbut... but Anon, it's like when you want a car engine to 'scale' to higher horsepower and speed, the most straightforward way is to simply add more cylinders!  V32 engines for everyone so we can get places faster, amiright?  /s

Stupid analogy is stupid.

If you want a transportation analogy, a closer analog would be passenger demand for a certain train route exceeding capacity solved by adding more passenger cars to the train.

Still a stupid analogy, but an order of magnitude closer to the situation at hand.

https://txstreet.com

?

TxStreet.com

TxStreet.com is a Bitcoin Cash (BCH) and Bitcoin (BTC) live transaction visualizer inspired by txhighway.com. This website helps users understand the mempool and blocksize in an easy way.

When a new transaction is broadcasted to either the BCH or BTC network, a person appears and attempts to board a bus. If the mempool size is lower than the block size limit, then they board a bus and wait for the next block to be found. If the mempool is bigger than the block size limit, then they will have to wait in line before boarding a bus.

The movement speed of the person represents how high a fee they paid in sat/B. The size of the person represents the size of the transaction in bytes.

Segwit transactions will board the segwit bus.

BCH currently has 32 buses representing a 32MB block size limit. BTC has two buses representing the 1MB block size limit and 4MB block weight (segwit).

When a block is found, both BTC buses will leave for the blockchain. For BCH, only the required number of buses will leave. For exmaple, if there is a 1.7MB block found, only 2 BCH buses will leave for the blockchain. If there is a 31.5 MB block found, all 32 BCH buses will leave.

This is a beta version of this website. Many more features are planned.

LOL genius. turn on the sound too.

I watched it for about 30 minutes, and it looks like nearly a pure fictional representation about what is happening or likely to happen.  Sure, it captures some ideas about what what could happen in some fictitional pie in the sky world, but its extreme fictitiousness causes it to be more propaganda rather than a worthy attempt at education. 

Furthermore, when the busses leave the station, that process is so slow and belabored that it hardly captures any semblance of reality..

I had to shut it off, who's got time for such nonsensical fiction?.

Gotta give it a thumbs down for being nearly pure bullshit.

[JayJuanGee]

4th installment of the Andreas Breken's Lightning Network series is already out:

https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-4-what-happens-when-you-close-half-of-the-lightning-network-b25b330dfad2

"Bitcoin Lightning Network #4: What happens when you close half of the Lightning Network?"

TL;DR: Nothing happens, LOL

I suppose not a bad test for the LN, and perhaps causes more serious (rather than manipulative) peeps to join into the lightning network?

[bitserve]

4th installment of the Andreas Breken's Lightning Network series is already out:

https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-4-what-happens-when-you-close-half-of-the-lightning-network-b25b330dfad2

"Bitcoin Lightning Network #4: What happens when you close half of the Lightning Network?"

TL;DR: Nothing happens, LOL

I suppose not a bad test for the LN, and perhaps causes more serious (rather than manipulative) peeps to join into the lightning network?

Yeah, I think it has been an interesting review. Even if his intentions would have been (who knows) to try demonstrate some serious flaws, we should thank him for the effort.

LN still have a long way to go in terms of usability but as an initial beta deployment it seems to be living up to expectations.

[V1lpu]

They said Bitcoin is a bubble:

[JimboToronto]

Ho hum. Round-out your WO's collection with you very own Jimbo. Complete with bass axe and super glutens. The ice man cometh.

Lawl. Pretty close but you missed the BTC on the ballcap.

Does it come in a bobblehead version?

[Anon136]

Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.

Yea well the blacks collectivize and the hispanics collectivize and the Chinese collectivize. And all of them see white people as a collective group so they have no qualms about blaming you for the actions of other white people. If you choose not to collectivize with your people than you are going to get steamrolled by people who are willing to do that. It's that simple buddy. I would invite you to die on your hill alone, as an individual, trying to repell the endless tide of people who are willing to collectivize except that I need you with me because I don't want to die all alone on a hill taking my final comfort in that I was an individual at the end. So it's time to man up and stand with your people.

*edit* I should make a clarification. I'm not an individualist or a collectivist, I'm a necessarian. It's liberalism, and the individualism that is part of liberalism, that lead white people to the success that we found in 16th through 20th centuries and are somewhat clinging to in the 21st. We should advocate individualism where we can and collectivism where and when we must. It's a bit like violence in self defense. You don't want to go around punching people all the time to solve your problems, generally speaking violence is bad, but you need to be prepared and willing to use it when and if you must.

[HairyMaclairy]

Would a close around this levels mean a golden cross on 3d? Is a golden cross on 3d of any relevance or only on the weekly?

Dont forget during the cryptowinter we had a golden cross on the weekly in May 2014, followed by a death cross in August 2014.  We didn't get another golden cross until October 2015. 

Just because we get a golden cross on the weekly sometime soon from now doesnt mean we are out of the woods.

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