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Question: Closing BTC Price June 28:
$0 - 5 (3.2%)
<$7,000 - 4 (2.5%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.9%)
$9,000-$9,499 - 4 (2.5%)
$9,500-$9,999 - 27 (17.2%)
$10,000-$10,499 - 24 (15.3%)
$10,500-10,999 - 12 (7.6%)
$11,000-$11,499 - 14 (8.9%)
$11,500-$12,000 - 15 (9.6%)
>$12,000 - 35 (22.3%)
>$20,000 - 13 (8.3%)
Total Voters: 157

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21243404 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. (66 posts by 16 users deleted.)
Butterscotch Cartman
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November 24, 2018, 04:07:30 AM

I already gave my reasons, this cult has brainwashed people into hodling worthless digital beanie babies.  Most people here lack any common sense.
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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kromer
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November 24, 2018, 04:07:54 AM


I'm in Bitcoin more than just for profit. What if what they say about LN trending towards centralization (and therefore government interference and control) comes true? What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years? These are possibilities I take into account. I used to be a hard core maximalist, but I have changed my stance. It's much more than just bitcoin now, a whole industry is forming. I believe ICOs do have value. They offer anyone in the world a chance to invest in projects they believe in. I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Really? Very simple 4 question litmus test:

1) Expain to me, what makes bitcoin decentralized?

2) Why did Segwit 2.0 attack fail on bitcoin?

3) Lightning network, convince me how it is contrary to what you earlier said, free from government interference - explanation? Take a stab, play devils advocate. (tip: talk routing)

4) Why is it, even since 2013, the hundreds of most 'established' altcoins after years, are not nearly as secure nor decentralized as bitcoin?

Simple four questions.



Your point seems to be that first mover advantage is everything. I agree, when comparing Bitcoin to alt coins. But I don't consider forks of Bitcoin as alt coins. I see them as different implementations trying to reach the same goal.

I have no idea if LN will be free of goverment interference or not. Maybe some countries will force all Bitcoin transactions through government controlled nodes and sending freely on chain would be illegal (enforced by deep packet inspection). I don't think anyone really knows how LN will end up. I hold Bitcoin forks to hedge against the possibility of LN becoming a failure.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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November 24, 2018, 04:10:51 AM

[edited out]

I'm in Bitcoin more than just for profit.

Whatever that means.


What if what they say about LN trending towards centralization (and therefore government interference and control) comes true?

Who says?  Seems to show that you are relying on bullshit talking points.

LN remains voluntary and relatively small and experimental....  Long way to know how it is going to evolve and the extent to which it is going to be adopted.  Currently, you can transact directly on bitcoin, so bitcoin seems to be a long way before lightning becomes absorbed as a primary tool in bitcoin (assuming as you do that it becomes some kind of mandatory direction of bitcoin.. which still seems to be a BIG ASS assumption based on current developments).

What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years?

That's a pretty fucking BIG IF, too, especially since currently bcash seems to be experiencing a pretty decently sized implosion.. and where are the fundamentals in bcash, anyhow?  Do you realize that no one is using bcash, but they still have nonsense talking points about which version within their self-destructive fight is going to take over the world?  Seems a bit farcical to bet on those kinds of long shots that have little to no community besides scammers and c-league players that could not figure out a way to contribute their skills (assuming they have some) in bitcoin?

These are possibilities I take into account.

Well, if something has about a .002184115% chance of happening, hopefully, you are not dedicating more than that resources to such a low odds bet?

I used to be a hard core maximalist, but I have changed my stance.

Yeah, right...  Roll Eyes Roll Eyes Roll Eyes   You became open-minded.

Your comments seem to demonstrate that you are stabbing in the dark and getting confused by dumb-ass talking points rather than becoming more enlightened as you seem to want to suggest, by your supposed conversion assertion.

t's much more than just bitcoin now, a whole industry is forming.

Yes..  As I already suggested, If you are trying to position bitcoin as some kind of supposed equivalent project, then you seem to be unable to recognize what bitcoin is actually bringing to the table - and accordingly you seem to becoming distracted by likely snake oil rather than the real deal.

I believe ICOs do have value.

Yes, they might have value... Is anyone saying that they don't?  You seem to be trying to suggest that they have some kind of equivalent position to bitcoin, and therefore, you seem to be out of touch with both giving them way too much weight and failing/refusing (or perhaps unable) to appreciate what is bitcoin.

They offer anyone in the world a chance to invest in projects they believe in.

Great.. good for them.

Go take your discussion to another thread.  This thread is not about all the dumbass ways that you might be able to make money in ICOs and crypto and other coins... If you have some kind of point in connection to bitcoin , then make your fucking point, yet there is no need to be describing all of the supposed value of various ICOs in this thread, when most of the people in this thread don't give a ratt's ass.  If you want to talk about bitcoin, then do it... and take your other shit somewhere else.

I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Ok..  great.   Is anyone disrespecting other projects such as ICOs, here?   They are largely not relevant to this thread, unless you want to present them in terms of bitcoin (which you are not.. you are just making blanket statements and wanting to assume that they are equivalent to bitcoin in some general sense when the likely better assumption is that they are scams unless shown otherwise)...

Anyhow, we have more important matters, here, such as bitcoin / usd price walls to watch and other important matters such as discussions of racial superiority and hats.
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November 24, 2018, 04:13:11 AM

How much money has Rosewater lost from ATH so far?  

what's a Rosewater Huh
A slightly less prickly version of you.
Butterscotch Cartman
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November 24, 2018, 04:14:01 AM

mY BeAnIe BaBiEs ArE gOiNg To MaKe Me So RiCh.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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November 24, 2018, 04:14:44 AM

...think about sound money and network effects of bitcoin rather than...

Hey JJG, I just realized, you've engaged with a poster here earlier in the week, whom after looking at their other posts on their profile, smells and leans heavily to high-shill factor side. Funny how that poster doesnt bring all that to the WO thread.

You have quite the tolerance level.

I have a difficult enough time remembering what I posted a few hours ago.  Without a more specific reference, how would I be able to recall what I posted more than a day or two ago?   Tongue Tongue
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November 24, 2018, 04:17:16 AM

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November 24, 2018, 04:22:58 AM
Merited by bones261 (2)

mY BeAnIe BaBiEs ArE gOiNg To MaKe Me So RiCh.
Say goodbye trolls


JayJuanGee
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November 24, 2018, 04:23:34 AM
Merited by bones261 (1)

Buttcoin is coming to an end.


Perhaps you ought to put together a well thought out post, giving us your reasons for coming to this conclusion. Enlarging your text does not make your warning very compelling.







ALL CAPS, DIRECTED HIGHLIGHTING , CHANGING THE TEXT COLOR AND REPETITION OF KEY WORDS WORKS MUCH  MUCH MUCH MUCH MUCH MUCH MUCH MOAR BETTER.  



SEE YOU READ THE CONTENTS OF THIS HERE POST, RIGHT?
bones261
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November 24, 2018, 04:38:17 AM
Merited by JayJuanGee (1), Last of the V8s (1)

Your point seems to be that first mover advantage is everything. I agree, when comparing Bitcoin to alt coins. But I don't consider forks of Bitcoin as alt coins. I see them as different implementations trying to reach the same goal.

Please advise how you feel that BCH met the criteria of Nakamoto consensus as briefly described in the last section of the white paper. AFAIK, the BCH chain never was the chain of most work at any moment. Also, the BCH chain was not compatible with the BTC chain from the moment it split due to it invoking replay protection. It's definitely an "alternative" to BTC and therefore is an altcoin. At least when BU was running on the BTC chain, it was totally compatible with BTC. It's emergent consensus would have let the miners decide via Nakamoto consensus how large the blocks were. BU qualified as a "different implementation." BCH ABC does not.

Quote
They vote with their CPU power, expressing their acceptance of
valid blocks by working on extending them and rejecting invalid blocks by refusing to work on
them.  Any needed rules and incentives can be enforced with this consensus mechanism.

https://bitcoin.org/bitcoin.pdf

I have no idea if LN will be free of goverment interference or not. Maybe some countries will force all Bitcoin transactions through government controlled nodes and sending freely on chain would be illegal (enforced by deep packet inspection). I don't think anyone really knows how LN will end up. I hold Bitcoin forks to hedge against the possibility of LN becoming a failure.
Since LN is a second layer, if it fails, then 1st layer, BTC, will still function. It is better to argue that segwit is somehow vulnerable or insecure. If true, and it can't be modified or patched. then that is an issue. However, I'm not certain it is indeed insurmountable to come up with a patch, as some would argue, if a vulnerability was found. May be quite painful, but not impossible.
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November 24, 2018, 04:40:36 AM



That didn't happen, really? Where?  I'll be so jelly but inspired to set some ridiculous low bids
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November 24, 2018, 04:55:57 AM

Pounding that resistance level..  Keep the coals a coming boys.




Rejected again at $4.325k...  Now we see if we have any support at $4.275k
1h
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November 24, 2018, 05:31:12 AM
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Umm...the guy said a whole lot of nothing with a lot of words.

Ending with "if you like what I just said, go to this epsilon site to learn more".

The whole article sounded like someone who just learned about Bitcoin and was like "hey guys...I know this Bitcoin thing was made just to get people rich, but have you ever thought that it could be used for liberty?".   Roll Eyes

2009 called...they want their whole point of Bitcoin's existence back.
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November 24, 2018, 05:37:50 AM
Last edit: November 24, 2018, 06:21:38 AM by nanobtc

{EDIT}
Food is being destroyed.
https://www.reuters.com/article/us-usa-trade-china-grains/harvesting-in-a-trade-war-u-s-crops-rot-as-storage-costs-soar-idUSKCN1NQ0GA

Quote
Fontenot plowed under 1,000 of his 1,700 soybean acres this fall, chopping plants into the dirt instead of harvesting more than $300,000 worth of beans.


This is so 1930ies, apart from us being in Depression (so far).

Fake/incorrect/hearsay news, or idiot farmer. Many news outlets make up their own words.

I know soybeans. Anyone who has a thousand + acres of soybeans (at least in North America) has surely forsaken "plowing" for land tillage decades ago. That is so 1960's.
fairyvibes
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November 24, 2018, 05:39:31 AM

At least the US government won't be getting any money from me this year because of these losses.
jojo69
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no FOMO


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November 24, 2018, 05:45:12 AM

who let all the riffraff in?
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November 24, 2018, 05:50:48 AM
Merited by JimboToronto (1), bones261 (1), BobLawblaw (1)

@Theymos Bring back newbie jail.
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HODL.


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November 24, 2018, 05:52:30 AM

Fuck, for one second I thought I had somehow felt out of WO and into the wild side of the forum.

We were supposed to be safe here!
HairyMaclairy
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November 24, 2018, 06:14:28 AM

This is like a verbal DDOS.
bones261
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November 24, 2018, 06:16:08 AM

@infrofront Where are you? Bad freeverse sin incoming. Please delete!



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