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

[ðºÞæ]

Guys, I've been reading this crazy stuff posted by someone called "Shelby Moore" (whose messages were recently re-posted in the WO thread by user THX 1138), about how all coins held in SegWit addresses will be donated to miners, as they are free-to-spend coins in the legacy (pre-SegWit) blockchain, and only the coins held in legacy addresses will stay intact and belonging to their owners (private key holders). Supposedly, this attack will occur near the 2020 Halving event and will wreak havoc, resulting in the legacy chain being resurrected from the dead and becoming the dominant one, and the SegWit chain disintegrating into oblivion and causing a massive BTC price drop to near-zero.

What do you make of this?

Some more Qs:

1. Is it possible to move any of our coins held in SegWit addresses to legacy addresses (so that they would belong to the legacy chain if the above attack does happen)? Does the fact that, at some point in their history, those coins were held in SegWit addresses, taint them in any way? Would they still be considered as fully belonging to the legacy chain once moved to legacy addresses?

2. Would you do it? Do you think it's worth it?

3. Do these questions even make any sense?

4. Am I wasting my time with all this?

Thanks for any insights.

1. With the SW exploit segwit coins will be unmovable at first, current transactions, then the coins resting in sw addresses and at last any coin ever moved through a sw address is frozen.  Exchanges with coin in SW addresses may become insolvent.

2. Stick to Bitcoin fundamentals, decentralize not follow the herd, flock or mob. Everyone needs to do his own homework.

3. Yes

4. No

Core devs know the problems with segwit
https://www.reddit.com/r/btc/comments/6qftjc/holy_shit_greg_maxwell_and_peter_todd_both_just/?utm_source=reddit&utm_medium=usertext&utm_name=bitcoincashSV&utm_content=t3_dgbb1t


Segregated witnesses separates transaction information about what coins were transferred from the information proving those transfers were legitimate.
The precondition to creating a new block is the data of the last  block, the witness.

If you belief to be the 10th owner of a stolen car and the 5th owner has stolen it, when it is established that this is the case you will lose the car and the last lawful owner (4th) will get it back.
This is the very basic rudimentary form of it.

[Cryptotourist]

1. With the SW exploit segwit coins will be unmovable at first, current transactions, then the coins resting in sw addresses and at last any coin ever moved through a sw address is frozen.  Exchanges with coin in SW addresses may become insolvent.

[VB1001]

xhomerx10 the boss's hat has won some merits, now we have to wait someday for him to wear the hat.

I have to share them with you, otherwise it wouldn't be fair.

https://bitcointalk.org/index.php?topic=5193860.msg53144644#msg53144644

[VB1001]

https://twitter.com/ChartsBtc/status/1197909299462172673

There is still time, bitcoin is much bitcoin.

[JSRAW]

Arrogance is the camouflage of insecurity - Tim Fargo

[mindrust]

This man is pretty godly.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/


This is (was) the bottom probably. Maybe it will try one more time to break below 6k... then to the fckn moon.

Yes, that's what i'm talking about. The thread is full of those hopium charts based on the longterm curve that was never a good indicator for the future's price. Based on the previous wrong longterm curves it would be good to lower the curve and expectation. This thread had too many of those hopiums in recent  months that are now bringing a dissapointment to some readers.

P.S. i would like this to happen but let's be real

You have a point actually but don't you think 60-70k as the next ATH is already a good prediction?  It is amazing how he predicted the ups and downs on a monthly chart so far, I don't really expect bitcoin to go above 70-80k tbh in the next bull run. Maybe and a big maybe it will touch 100k for a second but almost nobody will be able to make any trades from that price point.

I don't think this is a hopium moonchart. When I shared filbfilb's chart in this thread (https://bitcointalk.org/index.php?topic=1932892.0) , people didn't believe it at all. Just look at the first few pages. Nobody seems to be believed it but it happened anyway.

[JayJuanGee]

This man is pretty godly.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/


This is (was) the bottom probably. Maybe it will try one more time to break below 6k... then to the fckn moon.

Yes, that's what i'm talking about. The thread is full of those hopium charts based on the longterm curve that was never a good indicator for the future's price. Based on the previous wrong longterm curves it would be good to lower the curve and expectation. This thread had too many of those hopiums in recent  months that are now bringing a dissapointment to some readers.

P.S. i would like this to happen but let's be real

You have a point actually but don't you think 60-70k as the next ATH is already a good prediction?  It is amazing how he predicted the ups and downs on a monthly chart so far, I don't really expect bitcoin to go above 70-80k tbh in the next bull run. Maybe and a big maybe it will touch 100k for a second but almost nobody will be able to make any trades from that price point.

I don't think this is a hopium moonchart. When I shared filbfilb's chart in this thread (https://bitcointalk.org/index.php?topic=1932892.0) , people didn't believe it at all. Just look at the first few pages. Nobody seems to be believed it but it happened anyway.

One of the reasons that SuperTA is wrong is because historical BTC predictions have been all over the place.  Sometimes they are too high sometimes too low and sometlmes they luckily get it right.

Personally, I believe that it is not a bad thing to have a somewhat conservative prediction, but you gotta be prepared in case BTC prices way the fuck overshoot, and that is really what seemed to have happened in 2017... we had so many fucking people selling way too early and then a lot of people were predicting $3k to $5k as the top, and sure there were a few more bullish people out there, but the vast majority were under predicting rather than overpredicting and so when BTC price went shooting up, there were a decent number of people who were underprepared because BTC's price had overshot their most bullish of expectations by 3x to 5x.

Similar BTC price performances can happen again, which could even mean going to $500k... but really it is better to be somewhat prepared in case the top is much lower and even if the BTC price peters out before even reaching $50k.

[BitcoinGirl.Club]

A very early good morning WO!
Observing @ $7,197
Panic over?

[nutildah]

moronic bullshit

BSV will be 51% attacked 3 times before bitcoin ever is.

Stop quoting r/btc and go back to meta net.

If anybody wants to make a wager here that BTC won't be 51% attacked (or SegWit exploited) by the date of your choosing, let me know. It will be a gentleman's wager and I will assuredly hold my end of the bargain or else never post on the forum again.

[JayJuanGee]

moronic bullshit

BSV will be 51% attacked 3 times before bitcoin ever is.

Stop quoting r/btc and go back to meta net.

If anybody wants to make a wager here that BTC won't be 51% attacked (or SegWit exploited) by the date of your choosing, let me know. It will be a gentleman's wager and I will assuredly hold my end of the bargain or else never post on the forum again.

OMG.. .self-banishment!!!!!!

Or exile???


Don't make the bet.    

[Globb0]

[El duderino_]

When bitcoin is bullish and rising i can be one of the most optimistic nice guys. But when the bitcoin changes the mood i can transform completly into one of the   not so pleasant ones. My girlfriend knows it, my friends, parents, .......they all know how bitcoin is doing when they see me. They don't need any coinmarketcap site or tradingview. Nope. They just look at me and they can read the btc trend from my expression.

That’s actually very bad dude, don’t get driven by emotion......

[pressnegl]

The important thing is not to drive a car like this into the mountains  

[Majormax]

When bitcoin is bullish and rising i can be one of the most optimistic nice guys. But when the bitcoin changes the mood i can transform completly into one of the   not so pleasant ones. My girlfriend knows it, my friends, parents, .......they all know how bitcoin is doing when they see me. They don't need any coinmarketcap site or tradingview. Nope. They just look at me and they can read the btc trend from my expression.

That’s actually very bad dude, don’t get driven by emotion......

If you look at the bull/bear markets you get to be in a bad mood for 3-4 years at a time.  However, the converse is also true.

[El duderino_]

It’s a bit like LS said the other day.... Mic your not doing it right cause you go out for dinner and do some expensive sh*t.... you should invest those in BTC and JJG actually agreed.....

I see it a bit different, I think one should have some FIAT in order to make more FIAT to gain more BTC, and going out for dinner and having some breaks from RL events just gives the mind some time to chill and to rinse repeat the first words of this sentence and so it’s essential to have some good times.....

When you don’t work with your income and the only income is monthly salary then it’s different in terms of investing.... but still I would recommend to not 100% convinced people to invest step by step cause some just can’t handle the market volatility (and no-one wants to end in a depression) 

[JSRAW]

Cardano Founder :Charles Hoskinson

“Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.”

[becoin]

When bitcoin is bullish and rising i can be one of the most optimistic nice guys. But when the bitcoin changes the mood i can transform completly into one of the   not so pleasant ones. My girlfriend knows it, my friends, parents, .......they all know how bitcoin is doing when they see me. They don't need any coinmarketcap site or tradingview. Nope. They just look at me and they can read the btc trend from my expression.

That’s actually very bad dude, don’t get driven by emotion......

If you look at the bull/bear markets you get to be in a bad mood for 3-4 years at a time.  However, the converse is also true.

I entered in 2017, it was a nice beginning 

You should have entered in 2009. You have wasted 8 years of your life in self-hypnosis staring at charts instead.

[Globb0]

I got entered in 2019

[JSRAW]

I tried entering last night but ---all guards are up--- she said. 

[LUCKMCFLY]

Updated Bakkt!!

Daily summary of Friday's Bakkt Bitcoin Monthly Futures:

📈 Traded contracts: 2728 ($20.30 million, +66%)  (New ATH 🚀)
🚀 All time high: 2728 (11/22/2019)
💰 Open interest: $1.75 million (+29%)

Follow
@BakktBot
 for updates - Sats welcome @ https://tippin.me/@BakktBot

Source: https://twitter.com/BakktBot/status/1198138787244716032