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Question: Price prediction for the May 21 weekly close:
<$20,000 - 5 (6.5%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.6%)
$24,000 - $26,000 - 3 (3.9%)
$26,000 - $28,000 - 7 (9.1%)
$28,000 - $30,000 - 11 (14.3%)
$30,000 - $32,000 - 17 (22.1%)
$32,000 - $34,000 - 7 (9.1%)
$34,000 - $36,000 - 6 (7.8%)
$36,000 - $38,000 - 3 (3.9%)
$38,000 - $40,000 - 2 (2.6%)
>$40,000 - 14 (18.2%)
Total Voters: 77

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25619280 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. (160 posts by 2 users with 9 merit deleted.)
Last of the V8s
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August 11, 2018, 10:31:01 PM
Merited by JayJuanGee (1), Torque (1)

Altcoins, tokens, blockchains...
... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.
Note the date
The objective of this thread is to keep track of the death of altcoins.  My plan is to study how and why they die.  I'll be updating the entries, and posting more complete  notes next to each of these as I investigate and learn things. ...
He went on to list ~1000 dead coins even then.
If someone finds an efficiency or security protocol innovation I think it would be integrated into bitcoin. Almost anything can be integrated, worst case by importing bitcoins utxo into a v2 protocol and new network. This is why I don't think feature coins have a long term value.[ 4 Jul 2018 ]
Note the 'If'.
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August 11, 2018, 10:58:14 PM
Merited by mindrust (2), bones261 (2), bitebits (1), rolling (1)


https://i.redditmedia.com/yfZ4IiHhSDRVBh_k00Ddm2QttV2se0-5hwX_3F2r2jg.jpg?s=3ddb9c31e8640d509641405376baa560
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August 11, 2018, 11:24:30 PM

PUMP time?


Not yet, still bearish
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August 11, 2018, 11:38:11 PM

$250 move-up in 3 minutes. Wink
I often notice the following pattern in the Bitcoin price: it's quite stable for hours to days, moving sideways, then suddenly it drops or shoots up in a more or less straight line. After that, it continues moving sideways.
How can that be? I can only think its being manipulated by some whale(s) keepingt he price stable until they need change. If there's a different explanation, I'd like to hear it.

Yep, quite distinctive pattern. It seems to be happening in this year's bear market mostly, I didn't notice it showing before.

whales this, whales that...meh

it's just the market

Exactly, more than likely just market buys and sells, probably on behalf of clients.

[...] How can that be?
Some sell and buy a lot more than others. Even when they use multiple exchanges, it does move the price quite a bit. Exchanges (thankfully) also run 24/7 but at some times of the day or days of the week the liquidity is less than ideal. Manipulation depend on what rules you follow. I do reasonably thrust (but never used) exchanges, as in not allowing buy orders without pony up the fiat and not allowing sell orders without having the coins, and also executing order books in the order of bid/ask price.

Also, there is always a bigger fish, so trying to manipulate the price when you think you are big may backfire when it turns out you are not.

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...
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August 11, 2018, 11:40:46 PM

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

we are tiny compared to those markets
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August 11, 2018, 11:50:27 PM

https://twitter.com/Excellion/status/1028426579158884352
Quote
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.
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August 11, 2018, 11:55:18 PM

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

we are tiny compared to those markets

Its even much smaller than the listed market cap of 100 bill.  Factor in all the lost bitcoins (millions) and satoshi's million bitcoins (I'm assuming he either trashed the keys or is dead) and the actual market cap is much smaller.
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August 12, 2018, 12:07:35 AM

https://twitter.com/Excellion/status/1028426579158884352
Quote
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

It is quite sad to learn that Jihan Wu and Roger Ver have sunk their battleship
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August 12, 2018, 12:09:06 AM

Really quite sad.
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1/21000000 , the only math you need to know


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August 12, 2018, 12:12:44 AM

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand
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August 12, 2018, 12:20:26 AM

Their handlers told them they could be in charge of crypto.
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August 12, 2018, 12:21:09 AM

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August 12, 2018, 12:23:29 AM

Altcoins, tokens, blockchains...
... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.
Note the date

He really called it on that very old quote!
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August 12, 2018, 12:33:08 AM

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand

Pure hubris for Ver, with a side of stupidity.
Jihan had a nice hubris and greed casserole, sprinkled with illusory superiority.

A couple years ago, everyone was puffing up Jihan. "He's an expert in game theory," they said. Maybe he believed it.
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August 12, 2018, 12:42:28 AM
Merited by Gyrsur (1)

Altcoins, tokens, blockchains...
... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.
Note the date

He really called it on that very old quote!
The first couple of years on here that you guys created is fascinating to me.
I was taught a trick: go to a board and reverse the 'Last post' sorting. Learning a lot.
Do you know what happened to ribuck?

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August 12, 2018, 12:52:17 AM

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand

Pure hubris for Ver, with a side of stupidity.
Jihan had a nice hubris and greed casserole, sprinkled with illusory superiority.

A couple years ago, everyone was puffing up Jihan. "He's an expert in game theory," they said. Maybe he believed it.
Well they tried to have their own Antcoin as well didn't they? They were trying to make their own crypto before the bcash shit and wanted control.
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August 12, 2018, 12:54:01 AM


The first couple of years on here that you guys created is fascinating to me.


probably a history PhD in that if you really wanted
JayJuanGee
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August 12, 2018, 01:03:06 AM

$250 move-up in 3 minutes. Wink
I often notice the following pattern in the Bitcoin price: it's quite stable for hours to days, moving sideways, then suddenly it drops or shoots up in a more or less straight line. After that, it continues moving sideways.
How can that be? I can only think its being manipulated by some whale(s) keepingt he price stable until they need change. If there's a different explanation, I'd like to hear it.

Yep, quite distinctive pattern. It seems to be happening in this year's bear market mostly, I didn't notice it showing before.

whales this, whales that...meh

it's just the market

Exactly, more than likely just market buys and sells, probably on behalf of clients.

[...] How can that be?
Some sell and buy a lot more than others. Even when they use multiple exchanges, it does move the price quite a bit. Exchanges (thankfully) also run 24/7 but at some times of the day or days of the week the liquidity is less than ideal. Manipulation depend on what rules you follow. I do reasonably thrust (but never used) exchanges, as in not allowing buy orders without pony up the fiat and not allowing sell orders without having the coins, and also executing order books in the order of bid/ask price.

Also, there is always a bigger fish, so trying to manipulate the price when you think you are big may backfire when it turns out you are not.

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

The pattern has been dubbed as the bart simpson pattern or the upside down bart simpson pattern, depending on whether it is n shaped or u shaped.   No more knowledge is needed beyond knowing what to call it.  Wink   Wink   Tongue
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August 12, 2018, 01:06:52 AM

I wouldn't hate on Roger too much, he helped make bitcoin what it is today and was one of the first merchants to accept bitcoin as payment.

I'm heavily behind bitcoin but on the dark web now most sellers are only taking Monero and not BTC.
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August 12, 2018, 01:10:04 AM

Vitalik Buterin Proposes a Consensus Algorithm That Requires Only 1% to Be Honest

https://twitter.com/VitalikButerin/status/1027972126593015809?s=20
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I did NOT invent 99% fault tolerant consensus; Leslie Lamport did. I just wrote an explainer and adapted it to a blockchain context. Please fix, Trustnodes.

This has been known a long time; Leslie Lamport’s famous 1982 paper “The Byzantine Generals Problem” (link here) contains a description of the algorithm. The following will be my attempt to describe and reformulate the algorithm in a simplified form.

Does this mean 99% POW is useless?
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