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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
Total Voters: 116

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25493770 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. (158 posts by 14 users with 9 merit deleted.)
Majormax
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April 06, 2019, 09:47:52 AM

Ok I have had a bit of a look and I can’t come up with any models which support $12k+ before November 2019 at the very earliest even with front running so I am not going to worry about that as a possibility.

Logically and TA-based, yes, but how about the fuh-damentals?
Was there a model in Jan 2013 indicating that in April 2013 the price would be 1800% higher?
Absolutely not, yet it happened.

Where is your "leap of faith", HM?
Toxic2400 also drew something that might happen, plus or minus.

Personally, I am a bit bored about all models that draw neat bowl like movements projecting into 2023.
Where is the fury of the exponent of the adoption stick?

In 2013 there was very little historic precedent to draw on. The market was naive and raw. Adoption and interest has increased exponentially since then, and the market has become much more deep and liquid. The intense volatility seen in the infancy of the market will slowly smooth out. That is another reason for the wave cycles ( bear/bull markets) getting longer.

Behaviour now conforms more closely to TA standards. In fact, I would argue that crypto is now entering a stage of early maturity which can be compared to stock markets in the early 20th century, before the modern era of  manipulation/overly complex reflexivity.  Therefore TA would be expected to work best in the crypto era we are entering.
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Last of the V8s
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April 06, 2019, 10:30:00 AM
Merited by BobLawblaw (1)



When BobLawblaw and micgoossens collaborated at the TA workshop
Last of the V8s
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April 06, 2019, 10:40:35 AM

When BSV advocates examine BTC's value proposition

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April 06, 2019, 10:43:04 AM

Meanwhile am on a trip Lips sealed, so see you guys anon Cool

ProfTP
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April 06, 2019, 11:42:07 AM

happy saturday fellow HODLers


looking quite good so far

above 5k is what we want.


where is a good site to watch the walls displayed graphically?


and when are the MtGox coins going to be given back ?
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April 06, 2019, 11:48:40 AM
Last edit: April 15, 2019, 09:00:17 PM by VB1001

Meanwhile am on a trip Lips sealed, so see you guys anon Cool


Enjoy it, V8, nice Galleon BTC Cool
El duderino_
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April 06, 2019, 11:51:45 AM

via Imgflip Meme Generator
DeathAngel
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One of the world's leading Bitcoin-powered casinos


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April 06, 2019, 12:00:42 PM

Bitcoin be like ——->

Above $5,000
Sub $5,000
Above $5,000
Sub $5,000
Above $5,000
Sub $5,000

JSRAW
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April 06, 2019, 12:02:16 PM

Quite funny

Quote
Serial swindler, Dan Larimer, who conned his way into becoming a Blockchain Billionaire, was awarded the Guinness World Record on Thursday for most crypto exit scams. Larimer, who is best known for his role in creating popular hit scams such as Bitshares, Steem, and EOS received the award after brilliantly exit scamming EOS in October and announcing plans for creating his fourth new shitcoin.

Quote
The genius behind Larimer’s work is his finesse. He tells everyone he’s not quitting and then…he quits!”

https://coinjazeera.news/dan-larimer-receives-guinness-world-record-for-most-crypto-exit-scams/


https://twitter.com/WhalePanda/status/1114401512174886912
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April 06, 2019, 12:21:49 PM


For a boring Saturday afternoon without a green dildo.

- Understand LN in an easy way.

https://cryptopotato.com/what-is-lightning-network-beginners-guide/

- This is what's coming, LN Loop out and Loop in

https://cointelegraph.com/news/lightning-labs-releases-alpha-version-of-lightning-offramp-solution-lightning-loop

- Active Nodes LN



https://1ml.com/
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April 06, 2019, 12:23:46 PM

lets get ready


lightfoot
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I fix broken miners. And make holes in teeth :-)


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April 06, 2019, 12:52:40 PM

Awww..... It looks like BitcoinWisdom.com has finally thrown in the towel on pricing updates. Sad, I've used it since the beginning.....

Times change.
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April 06, 2019, 01:08:01 PM
Last edit: April 06, 2019, 01:28:51 PM by Raja_MBZ

Awww..... It looks like BitcoinWisdom.com has finally thrown in the towel on pricing updates. Sad, I've used it since the beginning.....

Times change.

Sad... I thought they were earning enough from their Google Adsense ads but seems like I was wrong.

EDIT: It just worked... a bit? Strange...



A nice alternative of BitcoinWisdom.com: Cryptowat.ch
JSRAW
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April 06, 2019, 01:20:31 PM
Merited by BobLawblaw (1)

Bitcoin be like ——->

Above $5,000
Sub $5,000
Above $5,000
Sub $5,000
Above $5,000
Sub $5,000



Add some salt Cheesy

nutildah
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Shitcoin 3.0 Distribution Now Underway


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April 06, 2019, 02:06:02 PM

Add some salt Cheesy



Grabbed for future use...

Trump seems like the kinda guy who would ask for extra salt for his french fries, and then still be somehow perfectly healthy. I mean besides the gut and the weird hair... He'll probably live to be 89.
hisslyness
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April 06, 2019, 02:07:55 PM
Merited by JayJuanGee (1), nutildah (1), P_Shep (1), HairyMaclairy (1), JSRAW (1), BobLawblaw (1)

blocksize increase would not have stopped the stupid ass forks.. unless it were to break bitcoin, which was part of their goal to change bitcoin's governance and make bitcoin easier to change.....

Again with the delusion. One of the major 'features' in The SegWit Omnibus Changeset was for the sole stated purpose of making Bitcoin easier to change in the future.

jbreher..

What is your actual point?  Seriously...can you dumb it down for all us plebs and just state what the problems are and how you would fix them. In simple non technical terms so we can all follow along at home.

Sure. Though you've branched from a twig of this thread that is kind of peripheral, I will swerve back to the big hitter.

Problem: As blocks become persistently full, tx fees required skyrocket, average settlement time skyrockets, many use cases become uneconomic, and Lightning fundamentally breaks - due to inability to make economic channel opens and closes, inability to get stale-channel-state-theft repudiation txs included in a timely manner to prevent the theft, LN txs that require out-of-channel execution becomes a larger percentage of the total, etc.

Solution: Avoid persistently full blocks.

How?: The Coreian solution seems to be to drive demand out of the system by reducing usability. I do not buy into that as any sort of a solution at all. One does not grow a system by limiting the things for which it is useful. The solution I advocate is so simple it almost does not require stating. It is the solution 'everyone in Bitcoin circa 2012' knew was the obvious direction to go in. Simply increase the block size to accommodate the demand upon the system. This would return Bitcoin to the economic model it held from inception until insanity.

If I had a magic wand, I would roll back The SegWit Omnibus Changeset. But that ship has sailed. For worse.

I've got a lot of other points, but that's probably the top line item.

Quote
Thank you.

You're welcome.

Wow!.. That's your solution? Bigger Blocks?

I don't understand some people's way of thinking. We are living in an era where almost anything is possible, we just need to be able to imagine it.

Let me dumb it down here...

How do we fix a traffic congestion. I know, let's build/add more lanes on the freeway. that will solve the issue, Right?. Where do we stop? 10 lanes, 100 lanes , 1000 lanes?

Can you see a problem? Eventually your solution will be obsolete, eventually the traffic congestions will surface. Not only that, what about the towns and cities that may be around the freeway when it was just 2 lanes, you would have to demolish the towns and buildings to build these new lanes, eventually you won't have any towns and city to use the freeway with 100 lanes.

Not only that, what if the land is not suitable for your extra lanes. Ie, mountains/rivers/lakes etc.

The solution is not simple, it would have to involve a multi point attack. We could implement, high speed rail to move people around faster, we could use other transport methods, increase Bus or Multi-Passenger vecihles to reduce the amount of cars using the freeway. We can even think outside the box, change peoples driving and transport habit, work from home in the first 2 hours. Leave work later etc etc.

Now back to Bitcoin, does this sound familiar, now can you relate to what the developers are trying to archive? Layer 2? LN?

If you think Bitcoin is crippled because of small block size, then you are still thinking inside the box, and do not have the capacity to understand the full ramifications of larger and larger block size, let alone the importance of a smaller block size. Again, this is only one aspect of Bitcoin.

The other night, I came home and the front light was out. I found my keys, but was struggling to see in the dark, took a tad bit longer to get the front door open, then I thought to myself, wouldn't it be awesome if I had one of those proximity cards, like I do at work, and be able to just swipe my wallet and get inside. So in other words, my house is CRIPPLED and I should move out to my Office/Work. Again, the front door lock is just one aspect of my house.

"One does not grow a system by limiting the things for which it is useful." <- That doesn't apply to Bitcoin, data shows Bitcoin usage has grown year on year. Never have been limiting Bitcoin, infact, we are finding ways to push the boundary of it "usefulness"

The biggest problem you have with your mindset is that you are only thinking about what is here now and not what could be here in the next 5/10/15 years. The Bitcoin developers, not only have to think about block size, they have to think about the whole of BITCOIN. Do not ever say they deliberately crippled Bitcoin, because that is an insult!
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April 06, 2019, 02:12:52 PM

This week in crypto:

1. One buyer pushes BTC over $5k
2. “Bitcoin” Google searches triple
3. SEC publishes token guidance
4. Binance launching in Singapore
5. More than 40 central banks are evaluating blockchain tech
6. Bitcoin still not dead Smiley

Building the foundation weekly!

https://twitter.com/APompliano/status/1114504435248652289
hisslyness
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April 06, 2019, 02:15:06 PM

This week in crypto:

1. One buyer pushes BTC over $5k
2. “Bitcoin” Google searches triple
3. SEC publishes token guidance
4. Binance launching in Singapore
5. More than 40 central banks are evaluating blockchain tech
6. Bitcoin still not dead Smiley

Building the foundation weekly!

https://twitter.com/APompliano/status/1114504435248652289

6. Bitcoin still not dead or "Crippled"!
VB1001
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April 06, 2019, 02:34:02 PM

Former Bitcoin Core developer Peter Todd faces rape allegations, refutes with defamation suit

In a recent turn of events, Peter Todd, a former Bitcoin Core developer and cryptography consultant, filed a defamation case against ‘isis agora lovecruft’, who had earlier accused him of rape and sexual assault.

https://ambcrypto.com/former-bitcoin-core-developer-peter-todd-faces-rape-allegations-refutes-with-defamation-suit/

No comment. Roll Eyes
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April 06, 2019, 02:35:13 PM


Wow!.. That's your solution? Bigger Blocks?

I don't understand some people's way of thinking. We are living in an era where almost anything is possible, we just need to be able to imagine it.

Let me dumb it down here...

How do we fix a traffic congestion. I know, let's build/add more lanes on the freeway. that will solve the issue, Right?. Where do we stop? 10 lanes, 100 lanes , 1000 lanes?

Can you see a problem? Eventually your solution will be obsolete, eventually the traffic congestions will surface. Not only that, what about the towns and cities that may be around the freeway when it was just 2 lanes, you would have to demolish the towns and buildings to build these new lanes, eventually you won't have any towns and city to use the freeway with 100 lanes.

Not only that, what if the land is not suitable for your extra lanes. Ie, mountains/rivers/lakes etc.

The solution is not simple, it would have to involve a multi point attack. We could implement, high speed rail to move people around faster, we could use other transport methods, increase Bus or Multi-Passenger vecihles to reduce the amount of cars using the freeway. We can even think outside the box, change peoples driving and transport habit, work from home in the first 2 hours. Leave work later etc etc.

Now back to Bitcoin, does this sound familiar, now can you relate to what the developers are trying to archive? Layer 2? LN?

If you think Bitcoin is crippled because of small block size, then you are still thinking inside the box, and do not have the capacity to understand the full ramifications of larger and larger block size, let alone the importance of a smaller block size. Again, this is only one aspect of Bitcoin.

The other night, I came home and the front light was out. I found my keys, but was struggling to see in the dark, took a tad bit longer to get the front door open, then I thought to myself, wouldn't it be awesome if I had one of those proximity cards, like I do at work, and be able to just swipe my wallet and get inside. So in other words, my house is CRIPPLED and I should move out to my Office/Work. Again, the front door lock is just one aspect of my house.

"One does not grow a system by limiting the things for which it is useful." <- That doesn't apply to Bitcoin, data shows Bitcoin usage has grown year on year. Never have been limiting Bitcoin, infact, we are finding ways to push the boundary of it "usefulness"

The biggest problem you have with your mindset is that you are only thinking about what is here now and not what could be here in the next 5/10/15 years. The Bitcoin developers, not only have to think about block size, they have to think about the whole of BITCOIN. Do not ever say they deliberately crippled Bitcoin, because that is an insult!

This is all great and all, but you might as well be talking to a wall.
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