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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25820040 times)
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mindrust
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April 24, 2019, 04:39:35 PM

BTC Dominance: 54.7% Wink

CMC

 
 
 


I dumped my RVN and LTC bags for BTC at the fucking top. (ltc from 0.0181BTC, rvn from 1640sats.) I feel like a genius. Only Monero left in my portfolio. I am now %98.5 Pure in BTC. (this is purer than the Heisenberg standard) Feelsgoodman.

I am probably not returning to RVN but can get back in to LTC from <0.01BTC.
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Paashaas
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April 24, 2019, 04:42:09 PM

That fraudulent coin has struck a partership with that club? Eww. I don't expect LC fans to be any smarter than average monkeys about this. When you think about a real cryptocurrency, how could Bitcoin partner up with a club? Who would we send, fake Jesus or fake Satoshi? Roll Eyes

Liverpool denies partnership with Tron. lol.

Quote
A spokesperson at the football club told Decrypt : “Liverpool Football Club has confirmed that it does not  have a partnership with Tron.”

https://decryptmedia.com/6684/tron-liverpool-football-club-fc
kingcolex
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April 24, 2019, 04:43:01 PM

BTC Dominance: 54.7% Wink

CMC

 
 
 


I dumped my RVN and LTC bags for BTC at the fucking top. (ltc from 0.0181BTC, rvn from 1640sats.) I feel like a genius. Only Monero left in my portfolio. I am now %98.5 Pure in BTC. (this is purer than the Heisenberg standard) Feelsgoodman.

I am probably not returning to RVN but can get back in to LTC from <0.01BTC.
I got away with dumping the ltc right on time thanks to Bobs anger letting me know on this very thread.
kingcolex
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April 24, 2019, 04:46:28 PM

That fraudulent coin has struck a partership with that club? Eww. I don't expect LC fans to be any smarter than average monkeys about this. When you think about a real cryptocurrency, how could Bitcoin partner up with a club? Who would we send, fake Jesus or fake Satoshi? Roll Eyes

Liverpool denies partnership with Tron. lol.

Quote
A spokesperson at the football club told Decrypt : “Liverpool Football Club has confirmed that it does not  have a partnership with Tron.”

https://decryptmedia.com/6684/tron-liverpool-football-club-fc
More lies from the Tron group, now I know many of you dislike Ethereum but at least they aren't fuck heads like this.

(TRON is trying to take eths marketshare. Unfortunately Asian based coins try this through continued lies and manipulation that just piss people off.

In other news a guy was talking to his friends at lunch about Bitcoin and nano. I mentioned that I thought the bottom was in, he asked if I was a Bitcoin maximalists. I wanted to say no but then realized yeah except for just about eth only I am. I told him nano was shit, abc is shit, sv is shit and I think this cycle will put 50ish k and to dump at $48k.
Arriemoller
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April 24, 2019, 04:56:00 PM

Hey Arriemoller,

Got Fire, Water, Heaven and Earth and Archaeology in the East and the West coming from Amazon.  Please do mention it if you notice that The spring at the bottom of the well of time has been released in translation.

I only ever learned nynorsk, and that is really rusty, thanks.

Will do.
I was about to jump a number of pages, good thing I didn't or i would have missed your post.
He is  an academic so his books can be a bit cautious in its conclusions, but they are interesting never the less.
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April 24, 2019, 04:56:08 PM

Dispelling LN FUD from Rizun For others that care to research -

Rizun is not a chief scientist lol..

Well, that's his title. For all it is worth. Of course, the title is not as important as the content. Do you want to talk about that, or just sling shit?

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this guy is on Rogers payroll

Quite literally the first time I have come across this assertion. May be true, but I'm not going to just take your word for it. Want to back up your assertion?

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shilling bigger blocks,

It ain't 'shilling', if it is something in which you believe. By definition. Or do you mean to denigrate any advocacy of any position that you personally do not agree with?

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he's trying hard

Well, he may be trying hard. Though we've known about and discussed these issues with Lightning for years - though perhaps not condensed into five pithy points as he has.

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to discredit LN

Well, to point out flaws within the Lightning design which seem to be shouted down rather than discussed. If you want to refer to this process as 'discredit', then knock yourself out.

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which is all FUD.

If it is just FUD, it should be easy to provide a convincing rebuttal. None yet in evidence.

Quote
Funny thing is that Jbreher rather listen to him than the actual engineers who's working on LN itself..lol.

Are you lying or just intentionally ignorant? I provided a summary of one of Lightning Labs' important engineer's weaksauce 'rebuttal' just a handful of posts upthread. In case you don't understand the significance, Joost is one of "the actual engineers who's working on LN itself". As just one example which proves how wrong you are. lol, indeed

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When Bitcoin SV has been experiencing new problems due to 6 consecutive orphan blocks

I don't see how this is relevant to LN, but I'll bite. What 'problems'?

Quote
not even a singel word from Jbreher.

Again, I have responded to this issue upthread. Intentionally ignorant again? Lying again?

Quote
Like i said before; just tunnel vision big blocks without understanding the consequences.

Oh, I understand the consequences. By your refusal to engage on the actual issues raised, however, it would seem tacit admission that you have no understanding of the consequences of design decisions behind Lightning.
jbreher
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April 24, 2019, 05:08:56 PM

For the record, the following is my restatement as best I concisely can of Rizun’s ‘Five Fundamental Flaws of LN’:

1) Lightning scales txs not users
2) Friction in layer 1 leaks into layer 2
3) Routing failures are inevitable
4) Much trapped liquidity in the system
5) Running a non-custodial wallet is more cumbersome than onchain

More anti bitcoin propaganda from the threads #1 bitcoin hater.

More anti-jbreher propaganda from the net's #1 jbreher hater. Your personal vendetta is just ... so ... adorable.

We've covered this. You're a slow learner. In no way am I a bitcoin hater.

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1. Bullshit. Users are transactions.

People are inanimate transitory relationships between people? You don't logic much, do you?

Quote
2.-5. Well I guess we should just abandon a blossoming technological breakthrough since its current incarnation has potential flaws/limitations.

Scathing rebuttal. Not. EyerollCribbedFromJjgPost.png

You just. Don't. Get. It. It is silly to bet your future on a technology which is utterly dependent upon an implementation that has flaws and limitations which you do not only not understand, but you also refuse to learn about. More than silly. DarwinAwardIstic.
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April 24, 2019, 05:09:07 PM


https://twitter.com/100trillionUSD/status/1121086435682082816

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Since miners capitulated in Dec 2018, #bitcoin difficulty is back to Aug 2018 levels (when price was $7000)...

Everything returns to its course.
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April 24, 2019, 05:12:56 PM

It doesn’t sound like a much needed apology to me



https://twitter.com/cobrabitcoin/status/1120742431144779783?s=21
Happy to see Cobra has seen the light.

Only a couple of million dollars lost. Fuck it, pocket change !!!!!!

 Roll Eyes
Paashaas
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April 24, 2019, 05:13:23 PM

That fraudulent coin has struck a partership with that club? Eww. I don't expect LC fans to be any smarter than average monkeys about this. When you think about a real cryptocurrency, how could Bitcoin partner up with a club? Who would we send, fake Jesus or fake Satoshi? Roll Eyes

Liverpool denies partnership with Tron. lol.

Quote
A spokesperson at the football club told Decrypt : “Liverpool Football Club has confirmed that it does not  have a partnership with Tron.”

https://decryptmedia.com/6684/tron-liverpool-football-club-fc
More lies from the Tron group, now I know many of you dislike Ethereum but at least they aren't fuck heads like this.

(TRON is trying to take eths marketshare. Unfortunately Asian based coins try this through continued lies and manipulation that just piss people off.

In other news a guy was talking to his friends at lunch about Bitcoin and nano. I mentioned that I thought the bottom was in, he asked if I was a Bitcoin maximalists. I wanted to say no but then realized yeah except for just about eth only I am. I told him nano was shit, abc is shit, sv is shit and I think this cycle will put 50ish k and to dump at $48k.

Keep an eye on BnB, another competitor in town with their own tricks.
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April 24, 2019, 05:17:18 PM

Unlike BTC and the way Bitcoin was described in the whitepaper the BCH alt now uses weak subjectivity as the basis of determining consensus.

In a limited manner, yes. For everything else, there is SV.


Nobody is going to use SV for anything.

You just can't help but to publicly display your exaggerated ignorance, can you? _I_ use SV. Ergo, your bald blanket assertion is ludicrously false on its surface.

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Its just another altcoin,

Matter of perspective. In my book, anything that traces its history back to satoshi's genesis block and uses SHA-256 PoW is no mere altcoin.

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the 28th with the word bitcoin in its name.

I've admittedly not been keeping track. I guess you have. Want to list them in the order of creation? Or are you just making shit up again?

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When are you going to give up the farce?

By 'farce', do you mean my conviction that SV is the most important implementation of cryptocurrency? I suppose if it ever abandons the principle of being the best possible implementation of the protocol design bequeathed us by satoshi, that might cause me to give up. Though it may just cause me to fight for a return to principles. Exactly as I fight for BTC to return to the principles that initially made it a success.
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April 24, 2019, 05:21:25 PM

Bitcoin price up 720,000,000 percent first recorded price

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The evolution of money has historically gone through four key stages. From collectible to a store of value and then to a medium of exchange, and finally a unit of account (such as the US dollar today).

What makes Bitcoin unlike any type of money before it is how quickly it became an exchangeable good. Historically, it took eons for people to come to a consensus on a medium of exchange.

https://bitcoinist.com/bitcoin-price-up-720000000-percent-first-recorded-price/
Arriemoller
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April 24, 2019, 05:30:02 PM



It's the rhetoric.  

I am quite certain that if you started erecting spars 15 miles out in the gulf of Mexico and posting on FB about your libertarianism and self sovereignty the reaction of the USCG would be swift and unequivocal.

Global enclosure is nearly complete.  I really think that, short of an orbital Lagrange platform, the aircraft carrier is the only way.

I think an old supertanker or massive container ship would be a better option..  and a lot easier to obtain... 

Granted, there would be more upfront work involved to make it usable.. but with those huge wide open holds, you could basically build in whatever infrastructure you want..  Kinda like buying an old warehouse and turning it into high-end flats...



Like this ? https://youtu.be/tofhP7ZatcA
jbreher
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April 24, 2019, 05:34:04 PM

Incidentally, on today's What Bitcoin Did podcast, host Dr Perter McCormack revealed that he did not know that Lightning does not use trustless payments when these txs are of a value below that of the cost of posting a channel closing tx.

Yes, this is the same issue BitUsher raised above.

It is not so much that LN has limitations. It is that any attempt to raise a discussion on these limitations is immediately shouted down. Mostly by people completely ignorant that these issues even exist.

You might want to ask yourself how confident you are in your knowledge that the technical design of LN is bulletproof. I'm not calling on you to post the results of this self-examination. Just be honest with yourself.

I don't think it too much to ask.
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April 24, 2019, 06:14:47 PM
Last edit: April 24, 2019, 06:54:08 PM by Raja_MBZ
Merited by BobLawblaw (1)

If the ~$5320 (support) breaks, expect an instant <$5100.





https://twitter.com/bbands/status/1121104088245002242
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April 24, 2019, 06:29:08 PM

Dammit 5400 come back @once !!  Roll Eyes
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April 24, 2019, 06:35:02 PM

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April 24, 2019, 06:37:06 PM

Bitfury Institutional Bitcoin Mining Fund Gains EU Regulator Approval

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Blockchain tech giant Bitfury has partnered with a Swiss investment firm to release a dedicated bitcoin mining fund for institutional investors, executives confirmed on Twitter on April 24.

Bitfury, which develops various blockchain-related software along with mining services, confirmed that Final Frontier, in which it holds a minority stake, had gained regulatory approval for the fund from neighboring Liechtenstein.

https://cointelegraph.com/news/bitfury-institutional-bitcoin-mining-fund-gains-eu-regulator-approval
vroom
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April 24, 2019, 06:37:47 PM

Altcoins are droping even more than bitcoin and bitcoin dominance is rising. In my unprofessional opinion we will see money flowing back to bitcoin soon. The rocket is just fueling up.
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April 24, 2019, 06:45:08 PM

Oh well.

Zoom out.

3d interval still looks OK.
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