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

[bitserve]

member when we used to observe walls?

i memeber

All those moments will be lost in time, like tears in rain

[gembitz]

Full credit to Awemany.  Just goes to show that not everyone involved in BCH is a criminal and fraudster.  

Actually everyone involved in BCH is a criminal and fraudster. The bug was introduced in the code before Bitmain Cash fork took place. They revealed the bug because they couldn't exploit it in any other way.

As HairyMaclairy said a little bit upthread -- albeit in an erroneous context -- extraordinary claims require extraordinary evidence.

You likely have your finger on the pulse of the bcash community more than anyone else here. How's everything looking in regard to the possible hardfork?

Bytecoin(BCN) is the REAL B-CASH :-D WEEEE

===>

https://poloniex.com/exchange#btc_bcn

[Hueristic]

This shit just cracked me up, too bad I'm outta merits.

Apparently, according to Luke-jr who's subscribed, Bitcoin Core still hasn't even bothered to use their announcement mailing list (specifically set up for security issues and new releases) to warn about CVE-2018-17144 yet (a security issue fixed in a new release no less!). That's pretty incompetent if you ask me.

The announcement of the new release and fix was sent to it.  You mean the guy who controls bitcoin.org isn't subscribed to it? That' s pretty ... suboptimal, if you ask me.

It's easy to point fingers and assert that the world would be better if other people acted according to your will instead of their own free will,  harder to look at your own actions and contemplate what you could to to improve things.  To risk making the same mistake myself: Instead of calling people who owe you nothing incompetent, you could offer to help...  Just a thought.  It's the advice that I've tried to follow myself, and I think it's helped improve the world a lot more than insults ever would.

[nanobtc]

You can just admit that you're drinking a glass of straight vodka. No need to call it a martini to sounds like you're 007.

The name is mic. micgossen.

[bitserve]

member when we used to observe walls?
i memeber

All this sideways action, for so long, is making some of us go all bonkers 'n sheeit.

Know what I mean ?

Feeling despair and malaise for so long is starting to take it's toll.

Will this suffice, until morale improves ?

May I instead suggest: https://www.epicgames.com/fortnite/en-US/buy-now/battle-royale

Plenty of walls. It works for me.

[bones261]

member when we used to observe walls?
i memeber

All this sideways action, for so long, is making some of us go all bonkers 'n sheeit.

Know what I mean ?

Feeling despair and malaise for so long is starting to take it's toll.

Will this suffice, until morale improves ?

Let's make it a little more interesting. 

[elrippos friend]

Found this on Twitter
Not as simple as it looks alike
Your bets

1k 

[JayJuanGee]

Yeah. What cracks me up is how all y'all jumped down the throats of BCH developers for having a core dev discover a bug in a single (of several) Bitcoin Cash implementation, which was also never exploited.

Shoe's on the other door now. #justsayin

What are you talking about?  Apparently this is a several years long issue that has ramifications on any forks of bitcoin too.  So, it remains a bit unclear about your supposed "gotcha."  

So, I don't know where you get off in some high and mighty righteous in any kind of found bug conversation.

It's not meant to be a gotcha, it is meant to be an observation upon double standards.

Yeah, but even if you are making a double standards assertion against bitcoiners, you are making that on kinds of strawman created implications as the ones that I already pointed out in my earlier post , and even HairyBeary posted an additional point with his question about whether a bcash developer had spotted the bug and informed the core developers of such.  Of course, you could not answer because so far the spotter of the bug has been anonymous.    

I guess you didn't get the memo. The person who discovered and responsibly disclosed this devastating bug was a bcasher.

neener neener neener.

Even if true, that is no slam dunk in your favor... but I would concede that if true, I would have to reconsider a variety of my presumptions about bcashers and the folks who are working on it.

As you likely realize, official sources have shown the report of the bitcoin bug to have come from an anonymous, so you are now in the league of requiring extraordinary evidence for your now extraordinary and post hoc claim (as hairybeary has also mentioned to you).  

If you are able provide such evidence, then we can discuss further what that evidence might mean and if any of our previous presumptions need to be tweaked.  Otherwise, I am going to continue to stand by my previous comments, which ultimately proclaims Bcash as a piece of deceptive garbage - and those who work on it or promote it are also teaming up with folks who are engaging in deceptions and attacks on the real deal, aka bitcoin.  

Extraordinary claims require extraordinary evidence 

Nothing extraordinary about this claim.

You're looking foolish, BTW.

Your the one who is being disingenuous (which can likely be described as foolish, too), if you supposedly have evidence and you are not sharing it.

[Hueristic]

Found this on Twitter
Not as simple as it looks alike
Your bets

1k  

2k

Added: +2k in fiat but in BTC you would be -1k because if you had held your would BTC would be worth +3k from initial purchase.

So the answer is... -1K in fiat terms relative. Oww my Brain hurts.

[Rosewater Foundation]

While I'm pouring all my savings into BTC, all my friends have been going on and on about weed stocks: Tilray

It's a classic, textbook pump and dump...kind of like bitcoin.  You guys are never going to grow up to be Nazi supersoldiers if I have to keep explaining things like this to you.  

[JayJuanGee]

I'm actually terrified at this moment.

Up is down.

Bottom is left.

Right is blue.

XRP is number two.

 

As long as nr 1 stays nr 1   more we don’t need

Actually Mic, who gives a ratt's ass, except some folks who are getting mislead by the significance of coin market cap when they have such a shit coin, such as XRP posted up there on CMC?  

Furthermore, it seems to me that there were times in which XRP would have already surpassed bitcoin on a number of occassions, especially if they accounted for its total supply - which also demonstrates their fake restriction of the supply, too.

Perhaps XRP going to number 1 on CMC would be a good thing in order to show more intelligent folks how stupid the XRP manipulated scam bullshit and lack of use case coin (beyond pump and dump ponzi) is being shown on CMC.

Yes, marketcap is a very bad metric to rank cryptocurrencies and also cmc is too popular with newbies. XRP wont make it to #1 ever and if it does i dont think people will abandon it but rather celebrate the new standard    

Never say never about the manipulated bullshit when it comes to the fact that XRP is even on coinmarket cap and there are many pro ripple advocating folks who already concede that XRP is not a blockchain, so what the fuck is it doing on coinmarket cap in the first place?  I would not be surprised by some pumping shenanigans that could bring XRP's market cap above bitcoin... furthermore, there is real shenanigans as well with circulating XRP supply at 40 billion, but total actual supply of XRP is 100 billion.  

Is there something stopping the sales of some of those extra and hidden 60 billion XRP - which could well mean that those other behind the scene XRP should be considered as part of its valuation (showing further that XRP is way overvalued with restricted supply that causes it to be able to pump more easily)?  Actually, no one really knows why XRP was pumped this last time around, but they are certainly doing a lot of marketing and they get a lot of regular press that seems to deceive peeps into thinking that this next thing called XRP (have you heard of it) is the next thing to sliced bread.

[infofront]

I'm actually terrified at this moment.

Up is down.

Bottom is left.

Right is blue.

XRP is number two.

 

As long as nr 1 stays nr 1   more we don’t need

Actually Mic, who gives a ratt's ass, except some folks who are getting mislead by the significance of coin market cap when they have such a shit coin, such as XRP posted up there on CMC?  

Furthermore, it seems to me that there were times in which XRP would have already surpassed bitcoin on a number of occassions, especially if they accounted for its total supply - which also demonstrates their fake restriction of the supply, too.

Perhaps XRP going to number 1 on CMC would be a good thing in order to show more intelligent folks how stupid the XRP manipulated scam bullshit and lack of use case coin (beyond pump and dump ponzi) is being shown on CMC.

Yes, marketcap is a very bad metric to rank cryptocurrencies and also cmc is too popular with newbies. XRP wont make it to #1 ever and if it does i dont think people will abandon it but rather celebrate the new standard    

Never say never about the manipulated bullshit when it comes to the fact that XRP is even on coinmarket cap and there are many pro ripple advocating folks who already concede that XRP is not a blockchain, so what the fuck is it doing on coinmarket cap in the first place?  I would not be surprised by some pumping shenanigans that could bring XRP's market cap above bitcoin... furthermore, there is real shenanigans as well with circulating XRP supply at 40 billion, but total actual supply of XRP is 100 billion.  

Is there something stopping the sales of some of those extra and hidden 60 billion XRP - which could well mean that those other behind the scene XRP should be considered as part of its valuation (showing further that XRP is way overvalued with restricted supply that causes it to be able to pump more easily)?  Actually, no one really knows why XRP was pumped this last time around, but they are certainly doing a lot of marketing and they get a lot of regular press that seems to deceive peeps into thinking that this next thing called XRP (have you heard of it) is the next thing to sliced bread.

If the BTC price stayed the same, XRP would need to reach about ~$2.91 to surpass bitcoin in marketcap. Considerding XRP's all time high was $3.84, that seems doable.

[StartupAnalyst]

[JayJuanGee]

I’d rather see a panic dump towards $5,200 first so that it is absolutely clear that we’ve hit bottom. But life is not always fair. Far from that.

I don't see how a kind of fulfilling of that $5,200 price range wish helps anything, unless you have already sold BTC or shorted BTC in order to bet on a kind of modest drop like that.

If you are objectively analyzing the BTC price and the current market, on the other hand, do you really believe that such a drop to $5,200-ish or some other point is necessary before BTC can have enough shaking of weak hands to go up with solid support (and a sufficient weeding out of the weak hands)?

I am thinking that if the BTC price were to drop that far down, into a kind of $5,200 range, then there would be additional people that would begin to question that $5,200 price as "the bottom," more bears would become emboldened to try to push the BTC price lower and likely we would be worse off than we are right now in terms of the chances that the "bottom is in."

So it seems to me that right now we can continue to meander around in a kind of random and uncertain bouncing between $6k and $8,500, without any real certainty about where the BTC price is going, and then just bounce out of the range at some later date, when the market is ready for such bouncing out.  In other words, there is no real way to rush any of this, but I don't see how going down to $5,200 would necessarily make this process quicker than from the place where we already are.

[HairyMaclairy]

[HairyMaclairy]

I didn't mean 10 seconds later.....

[Totscha]

I didn't mean 10 seconds later.....

Why waste time?

[Wekkel]

Still, this rally isn’t broken yet.

[JayJuanGee]

Rationale:  we are going to stick our head above the trend line again to hunt short stops, and then drop back down again.  

That's the way I see it too, and that's what seems to be happening now. We could peak a little higher still, though.

Some of you supposed inner bulls are a bunch of sour pusses, and makes me NOT want to hang around with you nor to introduce you to my friends because you are making the parade less fun... ...        Didn't Tera beara have that tendency?

We need some critical thinking to avoid the echo chamber effect. Some of us are taking turns carrying that heavy load on broad shoulders.

In other words: get the fuck out of here with your nonsense about sour pusses.  

Perhaps you have a point?  perhaps?

I am not sure if I would describe some of those perspectives as "critical thinking" but if that is what some of you seemingly bear wanna-bes are attempting to achieve, then fair enough, fair enough.

Actually, I doubt that even amongst the more bullish perspectives we are going to get agreement (so usually echochamber effect does not happen in the real world).  I specifically recall in late 2015, my views of the possible upsurge of BTC prices were becoming more and more conservative compared to several of the then bullish colleague WO observers after getting my portfolio and my psychology beaten up for nearly two years, so surely I can appreciate both the validity of alternative perspectives, and even various theories about why the price is more likely to go in one direction or another and for how far and for how long.

[HairyMaclairy]

Still, this rally isn’t broken yet.

The failure to break past $6610 on that break downwards indicates to me that the bulls are in control.  

I am changing my position and flipping to short term bullish.