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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25466099 times)
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vapourminer
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what is this "brake pedal" you speak of?


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July 23, 2020, 11:31:42 AM

I wonder which will be the first US bank to get hacked and their Crypto stolen? Tongue

the fed? heh
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Indymoney
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July 23, 2020, 12:17:19 PM
Merited by Paashaas (1)

I wonder which will be the first US bank to get hacked and their Crypto stolen? Tongue
El duderino_
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Observing No-Coiners.


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July 23, 2020, 12:29:16 PM




Damn that man didn’t bought enough corn
Maybe less car and more corn is wise right now..?

Indeed a good observation as well sir
JimboToronto
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You're never too old to be young.


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July 23, 2020, 01:28:40 PM
Merited by xhomerx10 (1)

Good morning Bitcoinland,

Still over $9.5 I see... currently $9509USD/$12767CAD (Bitcoinaverage).

Creeping up in small daily steps is a good thing. It beats stagnating sideways and is less likely to bart back down than too steep a rise.

Go Bitcoin go.



We don't need no steenking Lambos.
LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos


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July 23, 2020, 01:34:22 PM
Merited by JayJuanGee (1)

@BitcoinCarl_
There’s nobody left to dump BTC.

OG whales now proven long term holders.

Miners don’t have that much to dump every day anymore.

Manipulation dumps getting scooped up.

Stacking Sats Team buying them up on the daily

Let’s gooooooooo
https://twitter.com/bitcoincarl_/status/1286074886587326464?s=21
Peanutswar
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Let the war of the peanuts begin!


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July 23, 2020, 01:40:51 PM

After the market price of the bitcoin will rise to the top again this is the common reaction of the people just want to earn bitcoin too and top search again.

Toxic2040
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July 23, 2020, 01:43:19 PM




Don’t you guys buy and replace? Each purchase paid with bitcoin I immediately buy back on an exchange. And add some extra just to be sure, so you could say I have more sats because I actually do pay in bitcoin from time to time.




----



Why no 1 day chart like you usually do huh? Still a bit bearish is it?


#pessimisticbull

not particularly..just like to mix it up somewhat from time to time

also..waiting for some of you young up and comers to start shouldering more of the load  
----



no worries either way; ive been penniless. good for character building IMO. thankfully bitcoin has changed that considerably, among my other endeavor of course

funny the hate on coinbase. yeah i get they have been and are problematic in many ways due to the rules. but never a problem here. to each his/her own.

+1 WOsMerit
hv_
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Clean Code and Scale


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July 23, 2020, 01:56:00 PM

Your turn. What is the definition of decentralization to which you adhere, DaRude? Hmmm?

Riiiight, that's just you bitching about nodes, still not seeing you defining decentralization, and criteria that you used to come to conclusion that BTC and BSv are as decentralized? Surely you're not just putting out claims without backing them up  Roll Eyes

Still dodging, eh? Nothing to offer?

Huh, YOU claimed that both coins are equally decentralized, i asked for you to back it up, and you're asking me to define decentralization?

Yes. I quite clearly specified in what way I see it as such. You, OTOH, keep clinging to nothing other than 'but muh decentralization', with no explanation as to what you mean by such. Ball's in your court Bucky. Can you volley?

Quote
Ahh and there we have it. So following your logic and your definition of decentralization, BTC is as decentralized as BCD (Bitcoin Diamond)?

Well, no. As you would know, if you had more than two brain cells to scrape together, BCD is not a SHA256 coin. As such, it has no meaningful ties to the satoshi legacy.

Keep trying, tho. Maybe some day you'll arrive at an incisive observation.


Maybe.

Ahh right i see, so then by your definition of "decentralization" BCD is even more decentralized than BSv because it's NOT using SHA256? Or wait no, because our one and only true god Satoshi chose SHA256, and since all other POWs don't have ties to satoshi legacy that in itself must make them all less decentralized, is that how we compare your definition of "decentralization"? And that must mean that my sha256 jbreher_shit_coin is not only as decentralized as bitcoin, but now even more decentralized than ETH? Awesome, i can use it on marketing to get noobs in!

jbreher_shit_coin even though i'm running it on one laptop, it's now even more decentralized than Ethereum!!!
PM me to buy yours NOW!!!*


*according to jbreher idea of decentralization. Only accept bitcoin And it's still better than BSv

Bear you're getting desperate and loosing your touch, you used to make some decent arguments but now you're just on hv_'s level. Sad.

Hello Bear!

Finally you got up to the highest Wink

(And you cannot get such high using big text and blogs -> only by big blocks)

 Cheesy
cAPSLOCK
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July 23, 2020, 02:09:20 PM

There is no doubt that validating nodes hold power. UASF proved that. 

Well, no. It proves nothing, as the battle was never fought.

Quote
The original paradigm was the miners both did the hash work and the consensus validation. 

Yup.

Quote
When the idea was 1 CPU 1 vote this meant both hasrate and consensus validation was distributed.  Upon the advent of ASICS harshpower began to centralize among the producers of the hardware as well as the large ASIC farms that became the current day miners.

Are you about to tell me that Satoshi never foresaw a day where 'maintaing the chain was the job of specialized servers, allowing users to just be users'?

Quote
But protocol consensus was still something users did not need specialized hardware to validate/support.  So that function branched off to be a list of users LAGER than those providing hashrate security.

More power to your imaginary sky cavalry.


Quote
Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Well, it's not so much that the majority of fully-validating non-mining clients are run by economically useless riffraff, it is more the fact that the network is dumbed down to the point that economically useless riffraff govern the capacity of the system.

If you can't see how futile that is, god help us all.

Hmm.  Well I think we are at an impasse.  We always were though.

I think the more nodes the better and do not care who runs them primarily.  I believe that that is exactly what decentralized minimized governance looks like and it is messy and slow moving.

You want nodes to be run by some sort of technocratic elite who will govern us all with what they decide the limitation, or removal thereof will be.

We are comfortable with different trade offs.  I think a distributed system with the least amount of trust possible is worth more than you do.
cAPSLOCK
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Volcano Corn!


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July 23, 2020, 02:13:02 PM


So awesome.  But they forgot Idiocracy.
vapourminer
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what is this "brake pedal" you speak of?


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July 23, 2020, 02:17:11 PM
Merited by cAPSLOCK (1), JimboToronto (1), xhomerx10 (1), -CryptoViking- (1)


i think idiocracy is the big grey(ish) box everything else is in.
lightfoot
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I fix broken miners. And make holes in teeth :-)


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July 23, 2020, 02:55:17 PM
Merited by JayJuanGee (1)

Don’t you guys buy and replace? Each purchase paid with bitcoin I immediately buy back on an exchange. And add some extra just to be sure, so you could say I have more sats because I actually do pay in bitcoin from time to time.
In the day it was more magic money coming from the little mining thing.

Then it was earned money, and my philosophy that a business has to pay for itself, thus selling or using bitcoin to pay op expenses.

No regrets, just some laughs from time to time.

El duderino_
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July 23, 2020, 03:30:12 PM

Went shopping today with the misses.... on my expenses.... would the face mask bothered ??  Cheesy
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July 23, 2020, 03:33:36 PM
Merited by JayJuanGee (1)

Could this be the beginning of our long awaited bull run to the moon?
I hope so. I got plans this time round.
Managed to pay off my house on the last bull run but looking to retire on this next one.
Volume looks like it is starting to pick up a bit too which is nice.
yefi
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July 23, 2020, 03:35:49 PM

You are devolving into emotionalism, yefi, and that might not be a good direction.

That's impossible, I'm a cold-blooded psychopath, and I dare anyone to protest otherwise.
cAPSLOCK
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Volcano Corn!


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July 23, 2020, 03:46:11 PM

Could this be the beginning of our long awaited bull run to the moon?
I hope so. I got plans this time round.
Managed to pay off my house on the last bull run but looking to retire on this next one.
Volume looks like it is starting to pick up a bit too which is nice.

https://youtu.be/nJeddv1QbeQ

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July 23, 2020, 04:04:31 PM


i think idiocracy is the big grey(ish) box everything else is in.

I couldn't have said it better myself Cheesy

In celebration of that this deserves one AQUAALUUUAANG with a Jazz Flute Cheesy

https://www.youtube.com/watch?v=_c_ufaxeSTs
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July 23, 2020, 04:17:40 PM

hockey sticks to slap back tear gas canisters were another "return to sender" item pressed into service.

It's striking how much more flexible and savvy the protesters have been than the authorities, despite all of the latter's gear and training.

Their goal is futile of course, and the best they can hope for is to win public sentiment by encouraging lethal retaliation.
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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July 23, 2020, 04:23:51 PM
Last edit: July 23, 2020, 04:35:33 PM by JayJuanGee

I've just bought a new monitor at Newegg.com, and paid with Bitcoin.  Wink

Payment went thru smooth and fast. Much better than using my local (Argentine) credit card, asking for authorization for a payment abroad, and informing my unfriendly gov about any usd movements.

The only drawback is that i spent my precious hodled satoshis. Now a frenetic bullrun will surely begin.. This is going to be the more expensive monitor ever (0.07 BTC for the records).




Enjoy the +200 usd rise in minutes.. That was me, spending sats.

Crap, Newegg is taking Bitcoin again?

I still can't bear to throw out my $4,000 cell phone from a few years ago. Aarrgghh!!!


That's OK, I am still holding my "$325" iphone from late 2017...
...er, not really, but it shows that sometimes you can get a bargain if spending strategically.
Something to remember in 2021-2022 as we peak, hopefully.

The calculation should not be very difficult for any HODLer attempting to have some reflection regarding their own financial goals - and the extent to which they are trying to accumulate BTC or if they are trying to accumulate consumer goods.

Surely, there is nothing wrong with ensuring either a certain level of comfort or a certain level of practicallity and status with consumption of goods and services, but no member should be spending from his/her BTC without giving it some insight regarding whether spending cash might be more preferable or considering if spending from the BTC is taking profits or might be able to be replaced at a later date for equal or lower costs.

If any member is feeling regret about spending 10k in bitcoin for two pizzas, then that mistake had already been made based on non-appreciation of future BTC value, but if such member still has another 10k BTC that is in cold storage, s/he may not give two fucks that the $10k BTC happens to be currently worth close to $100 million..even though it was only worth 2 pizzas in mid 2010.

Look what happened to Bob....   Shocked Shocked Shocked

You're a giant piece of shit, with nothing to back up your overinflated ego.

Please tongue my asshole clean.

I am just speaking based on evidence you provided yourself.

It's not like I am making things up, even though my BIG ASS ego does feel somewhat bad about drawing attention to some seemingly sad actualities.
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July 23, 2020, 04:37:01 PM
Merited by JSRAW (3), Toxic2040 (1)



Why no 1 day chart like you usually do huh? Still a bit bearish is it?


#pessimisticbull

not particularly..just like to mix it up somewhat from time to time

also..waiting for some of you young up and comers to start shouldering more of the load

I don't understand much about the cloud business, too much terminology for my liking. I tried translating kenkan, kijun, senkou, chikou before. Google told me it's Japanese.
I don't have anything interesting to say at current price levels, apart from the 2-month RSI pattern looks "cool". Not convinced how relevant this is though.



We are the resistance trend-line again, but still another 3 days before needing to make a decision.



There is a bull-cross of the 50 & 200 MA on the 4hr, that hasn't occurred for over 3 months. Probably relevant given how close these two were to crossing in recent months:



Kind of easy to be bullish right now for a number of reasons, as well as easy to make the case for being bearish simply for being at long-term resistance.
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