Bitcoin Forum
September 23, 2021, 12:38:33 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Is the Bitcoin protocol's privacy "good enough"?
Yes - 26 (37.1%)
No - 22 (31.4%)
Not yet, but it will be after the taproot upgrade - 22 (31.4%)
Total Voters: 70

Pages: « 1 ... 28724 28725 28726 28727 28728 28729 28730 28731 28732 28733 28734 28735 28736 28737 28738 28739 28740 28741 28742 28743 28744 28745 28746 28747 28748 28749 28750 28751 28752 28753 28754 28755 28756 28757 28758 28759 28760 28761 28762 28763 28764 28765 28766 28767 28768 28769 28770 28771 28772 28773 [28774] 28775 28776 28777 28778 28779 28780 28781 28782 28783 28784 28785 28786 28787 28788 28789 28790 28791 28792 28793 28794 28795 28796 28797 28798 28799 28800 28801 28802 28803 28804 28805 28806 28807 28808 28809 28810 28811 28812 28813 28814 28815 28816 28817 28818 28819 28820 28821 28822 28823 28824 ... 29546 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25441024 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. (157 posts by 13+ users deleted.)
modrobert
Full Member
***
Offline Offline

Activity: 248
Merit: 135


-"When the going gets weird, the weird turn pro."


View Profile WWW
May 16, 2021, 07:53:11 PM
Merited by JayJuanGee (1)

This is probably out of place in the WO thread (might feel unprofessional for those who like to stay emotionally detached from their commodities).

Bitcoin is the future regardless if it is valued at USD $1 or $100,000. This is a fully developed world wide system which allows anyone to have a wallet, to be their own bank with access to every transaction ever made, stored securely in an immutable blockchain, and completely independent from any banking or regulation system.

Personally I want to support Bitcoin as a system, this is a once in a lifetime opportunity, owning BTC is part of that. For those of you who are too daft to see the potential, or too shortsighted due to greed in their speculation schemes, then by all means sell now.

Bitcoin is a major invention; what the printing press did by spreading the written word, what the internet did to connect all of us, this is the technology to replace our banks and currencies eventually. In the meantime there will be a lot of friction from powerful people, especially from those involved in our old financial institutions, it's been a battle since Bitcoin started in 2009.
1632400713
Hero Member
*
Offline Offline

Posts: 1632400713

View Profile Personal Message (Offline)

Ignore
1632400713
Reply with quote  #2

1632400713
Report to moderator
1632400713
Hero Member
*
Offline Offline

Posts: 1632400713

View Profile Personal Message (Offline)

Ignore
1632400713
Reply with quote  #2

1632400713
Report to moderator
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.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1632400713
Hero Member
*
Offline Offline

Posts: 1632400713

View Profile Personal Message (Offline)

Ignore
1632400713
Reply with quote  #2

1632400713
Report to moderator
fillippone
Legendary
*
Offline Offline

Activity: 1204
Merit: 6651


Merit Rascal wannabe Merit Cycler


View Profile
May 16, 2021, 07:55:44 PM

Breaking news:
Musk Implies Tesla May Sell or Has Sold Bitcoin Holdings

marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3668
Merit: 2005



View Profile
May 16, 2021, 07:57:35 PM
Last edit: May 16, 2021, 08:23:08 PM by marcus_of_augustus


...dogecoin, it's the way of the future, way of the future, way of the future ... just to need to show me the blueprints, show me the blueprints, show me the blueprints

... it's sad to watch a brilliant man burn up and get consumed by some dark forces eminating from deep within himself, ego, moral insecurity, paranoia, meglomania, love-of-money, etc

... Spaceship could be a spruce goose of our age, Tesla may be bailed out and taken over by the Federal gubmint, the new GM, Starlink the next AT&T coopted by the MIC for global surveillance, who knows where this goes and what Musks legacy and place in history really will look like after the world has had it's way with him
Sayeds56
Copper Member
Full Member
***
Offline Offline

Activity: 336
Merit: 186



View Profile
May 16, 2021, 07:57:48 PM
Last edit: May 17, 2021, 02:51:05 AM by Sayeds56

This is getting ugly, when’s it going to stop  Cry

$43k?

If that breaks

38% below ATH so $39k ?

If that breaks then we are in Proudhon territory at $24,472 or 66% below ATH and Proudhon takes the El duderino prize and we all get to bow down to Proudhon.

Fear index at Max = Strong Buy

Those are all possible, but I have a hard time giving very great odds to something like $24,472 playing out by June 21.. so sure we could have some ups and downs along the way and gosh grinding down to $24,472 in a bit over a month would be painful and likely shake a lot of weak hands.  

Just assuming that something like that could happen, I am not even sure if we would be out of the bullrun, and it could well set us up for a 2013 like scenario of a double top.  Not saying that the top of $64,895 might not already be in, but surely, there seem to be quite a few different scenarios of getting to new ATHs of supra $64,895 even if it were to take a few months to get back to that point.. even 5-6 months or so which would kind of mimic the 2013 price dynamics situation in terms of severity of dump and getting stuck lower and getting the reversal back up...    

But, yeah, we have a lot of this time is different, but still no one should really be able to deny that there remains a lot of froth to be shaken out - even though the shaking out can happen in a variety of ways, one of the easier ways might be to shake out by dumping everything "crypto" related rather than attempting to figure out which coin or project might have more froth than another.. and surely we could get some potential attacks on some of the chains too in order to exacerbate where ever we might be at this time. .but then also.. the bottom of $45,127 (as I type) could be in.. so there are a lot of scenarios, and I would not proclaim to know much of anything beyond 50/50 and even appreciating that there currently may well be down momentum, but we know that even existing states of down momentum can end up stopping at any time, whether there is a final wick or not.

This is getting ugly, when’s it going to stop  Cry

$43k?

If that breaks

38% below ATH so $39k ?

If that breaks then we are in Proudhon territory at $24,472 or 66% below ATH and Proudhon takes the El duderino prize and we all get to bow down to Proudhon.

Fear index at Max = Strong Buy
Yeah, were going below $35k now. The chart in 2018 is the same like this, potentially fall to -40%. But I dont know, adoption is stronger than 3 years ago. Who knows. Smiley

Yeah.. but we are not in 2018 right now... where did you get that?

Your using a 3 year fractal or whatever the fuck you are doing is out of touch with dominant and credible BTC price prediction models..

So, if you can explain ur lil selfie, why you are using 3 years as your reference then maybe whatever you are suggesting might play out more convincingly.. but I am having a hard time with it, as you have framed our currently seeming price predicament.

I am not even saying that 40% plus of a correction is not off the table because we are already at 30%, but still that needs to be considered within the right framework, no?

Support/Resistance levels of Bitcoin on Weekly Chart.


Arriemoller
Legendary
*
Offline Offline

Activity: 1680
Merit: 1196


Justitia arma requirit


View Profile
May 16, 2021, 07:58:28 PM

It's a Sunday dump
Will there be a Monday pump
Only time will tell
Paashaas
Legendary
*
Offline Offline

Activity: 2800
Merit: 2501



View Profile
May 16, 2021, 08:06:20 PM
Merited by marcus_of_augustus (5), LoyceV (2), JayJuanGee (1)

89% hashrate is now signalling for Taproot, atleast there is some positivity around. Smiley
Farmer Bill
Full Member
***
Online Online

Activity: 156
Merit: 196


View Profile
May 16, 2021, 08:12:29 PM

Last quarter Tesla sold more than $500 million worth of carbon credits.
~
Enter Bitcoin miners, Elon Musk trashes Bitcoin for its energy use, at the same time promoting Dogshitcoin, helping Bitcoin price to fall. Then offers to solve the problem by offering to sell Bitcoin miners the spare carbon credits.
Wait, did he really try to sell carbon credits to Bitcoin miners?

If Tesla gets paid to sell carbon credits, doesn't that make them liable for the actual emission?
Let's see how much carbon credit costs: Opisnet:
Quote
The auction settled at $17.80/mt
Let's assume this is a reasonable estimate for the price. If Tesla sold more than half a billion dollars worth of credits, that means Tesla "covered" 28 million tonnes of emissions in just 3 months. Tesla only sold 185,000 cars during this time. Does that mean they can sell 150 tonnes of carbon credits for each car they sell? Let's assume their average car drives 250,000 km during it's lifetime, that makes 600 grams CO2 per km, which is about 5 times the average emission of new cars in Europe.

So: is my math wrong? Or is Tesla liable for much more emissions than even the most inefficient gas cars or all of Bitcoin mining?

I don't know about the entire balance of Tesla's business. For example I know they have some solar power setup.
Also that when you drive a new car away from the dealership it already has around 60% of its lifetime carbon footprint already "baked in".

I have no idea if Musk approached any miners, it is just conjecture.
And they would probably as JayJuanGee says not give two shits.
 
bkbirge
Sr. Member
****
Offline Offline

Activity: 1197
Merit: 479



View Profile
May 16, 2021, 08:13:56 PM
Merited by JayJuanGee (1)

This has been picked up onto main stream news. This is the entire "article". Feel free to comment bomb, lol.
https://www.sandiegouniontribune.com/opinion/letters-to-the-editor/story/2021-05-16/opinion-cryptocurrency-abuse-must-come-to-an-end
Quote
Re “Cyberattack on Scripps Health has scary, broad implications” (May 7): Hospitals, pipeline operators, oil companies, even city governments have all been hit by ransomware attacks. These attacks are happening more and more frequently and they all have one thing in common: cryptocurrency.

The perpetrators of these attacks demand payment in Bitcoin or some other cryptocurrency, because these payments are untraceable and unstoppable.

It’s long past time to put an end to these non-governmental currencies. Cryptocurrencies appear to have been created specifically to facilitate illegal activities. They serve no legitimate purpose. Their primary uses are ransomware, extortion and funding terrorists, the drug trade and child pornography.

The only way to end ransomware is to end cryptocurrencies.
shahzadafzal
Copper Member
Hero Member
*****
Offline Offline

Activity: 574
Merit: 710



View Profile
May 16, 2021, 08:14:18 PM

Satoshi we need you!!!

JayJuanGee
Legendary
*
Online Online

Activity: 2758
Merit: 4766


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
May 16, 2021, 08:16:00 PM

[Edited out]

Thanks for your input, I postulated this idea with the intent of it being trashed.

Personally, I'm not on board with the (hidden) agenda that is being promoted as climate change, the crap about bitcoin mining and energy use that has been pushed into the consciousness of the general public through the MSM has been incessant. However I do know that potential institutional investors experience great difficulties getting Bitcoin onto their balance sheets in a squeaky clean way due to their legal departments insistence on adhering to the corporate governance stuff.

I did not really have any problem with the ideas that you presented in that earlier post in terms of being composed of the various kinds of incentives that are being imposed and propagandized in various mainstream systems.  I do not claim to be any kind of expert on the topic, either, so maybe both of us are working out our ideas in terms of what could play out.  

Yet, in any event, I am still struggling with any kind of assumption that bitcoin miners would want to play that game when they likely do not have to.    Yeah, sure we have seen some virtual signaling from some miners from time to time including the one recently that asserted that it was OFAC compliant - to the extent that it is even possible to make such assertion and not to suffer some repercussions in bitcoinlandia...

But sure, there are all kinds of things that governments like and will likely attempt to push onto bitcoin, but they still might have a lot of challenges to get them into bitcoin's practices, procedures and decentralized incentives systems, and I am not even claiming that we can detach ourselves from various traditional banking rules  (not yet anyhow) so yeah, there might even be BIGGER battles in the future - and even though the environmental battle seems to currently working, it does not seem to be one that is going to play out well in terms of the truth of the matter asserted or even any kind of meaningful abilities to impose such bullshit on bitcoin because like I already said, bitcoin seems way the fuck more energy efficient than other systems, and sure some shitcoins like ethereum may want to proclaim that they are more energy friendly, but who fucking cares.. ethereum is just made up shit, anyhow, even assuming that they move to an even more made up system that they proclaim to be better than proof of work (referring to the proof of stake pump and dump shenanigans scam of course).

This is probably out of place in the WO thread (might feel unprofessional for those who like to stay emotionally detached from their commodities).

Bitcoin is the future regardless if it is valued at USD $1 or $100,000. This is a fully developed world wide system which allows anyone to have a wallet, to be their own bank with access to every transaction ever made, stored securely in an immutable blockchain, and completely independent from any banking or regulation system.

Personally I want to support Bitcoin as a system, this is a once in a lifetime opportunity, owning BTC is part of that. For those of you who are too daft to see the potential, or too shortsighted due to greed in their speculation schemes, then by all means sell now.

Bitcoin is a major invention; what the printing press did by spreading the written word, what the internet did to connect all of us, this is the technology to replace our banks and currencies eventually. In the meantime there will be a lot of friction from powerful people, especially from those involved in our old financial institutions, it's been a battle since Bitcoin started in 2009.

I don't see anything wrong or out of place by such a statement... and maybe part of the key of your point is that some of these matters take a while.. and I would also like to say that bitcoin is successful as fuck, like you seem to suggest, even if its price is quite low (such as $1), but I really doubt that it's price is going to be going to such low levels, even if all of the governments were to make it illegal (which is hardly a game theory that anyone with even half a brain should expect to even be within reasonable possibilities - even long shot possibilities).
_javi_
Hero Member
*****
Offline Offline

Activity: 929
Merit: 568


Still a manic miner


View Profile
May 16, 2021, 08:26:12 PM

Satoshi we need you!!!



Somebody explain Musk that Dogecoin mining is merged with Litecoin, and its considered a bonus to LTC rewards.
ivomm
Legendary
*
Offline Offline

Activity: 1443
Merit: 1376


All good things to those who wait


View Profile
May 16, 2021, 08:27:50 PM

I laughed so hard at the last post of Musk. Now, he is officially gone full retard/imbecile. Paypal, seriously? With millions accounts blocked on the whim of the owners, is this the best example for a "good" centralized money transfer? Jesus Christ, save this imbecile from his own money! Let them burn to 0 with doggystyle. Too bad for his semi-idiotic projects, which are just a bit better than investing in sport.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3668
Merit: 2005



View Profile
May 16, 2021, 08:31:34 PM
Merited by LoyceV (5), vapourminer (1), Paashaas (1), Toxic2040 (1)

Satoshi we need you!!!

... this shit is retarded, satoshi wouldn't get out of bed for this

... PayPal is a bankster-coopted, compromised piece of shit kludge built onto a legacy system that hasn't seen an architectural upgrade in 25 years

... musk doesn't know shit about bitcoin's architecture, as he's making plain with the demonstration of ignorance right now

... why doesn't he post some code on github (could even pay an army of chinese hackers to write it), he's so full of shit right now it's almost impressive to watch the flames shooting out his arse
goldkingcoiner
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 512


Advisor


View Profile
May 16, 2021, 08:34:43 PM
Merited by JayJuanGee (1)

What are you guys complaining about? He is giving us a chance to buy some cheap coin, fresh out of shaky hands.
milkshock100
Member
**
Offline Offline

Activity: 238
Merit: 13


View Profile
May 16, 2021, 08:35:23 PM

Interesting that a lot of the dumps happen on a Sunday, presumably because that’s when it’s the hardest for the market to be repel any such dump. Musk seems to be in cahoots with that mode of operation so yeah I think we can pretty much say that it’s within the realms of possibility that he isn’t acting the lone wolf here as he and others like to portray him.
Farmer Bill
Full Member
***
Online Online

Activity: 156
Merit: 196


View Profile
May 16, 2021, 08:36:35 PM

This is getting ugly, when’s it going to stop  Cry

$43k?

If that breaks

38% below ATH so $39k ?

If that breaks then we are in Proudhon territory at $24,472 or 66% below ATH and Proudhon takes the El duderino prize and we all get to bow down to Proudhon.

Fear index at Max = Strong Buy

Those are all possible, but I have a hard time giving very great odds to something like $24,472 playing out by June 21.. so sure we could have some ups and downs along the way and gosh grinding down to $24,472 in a bit over a month would be painful and likely shake a lot of weak hands.  

Yes very great odds down to 24,472, I fully expect it to bounce of either $39k a 38% drop from ATH a regular occurrence in the world of bitcoin or maybe $43k will see enough resistance to satisfy the bears that there are no more coins to be shaken out. But what the fuck do I know? It is best to be prepared for all scenarios.
JayJuanGee
Legendary
*
Online Online

Activity: 2758
Merit: 4766


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
May 16, 2021, 08:38:48 PM

[edited out]

Support/Resistance levels of Bitcoin on Weekly Chart.



Where's your source link, Sayeds56?

89% hashrate is now signalling for Taproot, atleast there is some positivity around. Smiley

Wow.  in response to your post, Paashaas, I just looked up the current taproot signaling, and it kind of surprises me because it seems that the last time that I looked it up, maybe a day ago or so, it was in the lower 60s%

As I type, taproot watch is currently showing 84.06%.. .which is still getting real close to 90% which may be reachable this difficulty period.  

By the way, before looking up the matter, I had not realized that this difficulty period ONLY started a few days ago, and if 90% is not achieved this difficulty period, we seem to be better setting ourselves up for taproot to be signaling in the 90% plus arena in the next difficulty period which currently is projected to start around May 27/May 28 according to cryptothis.com.
shahzadafzal
Copper Member
Hero Member
*****
Offline Offline

Activity: 574
Merit: 710



View Profile
May 16, 2021, 08:39:09 PM
Merited by LoyceV (5), ivomm (1)

Satoshi we need you!!!

... this shit is retarded, satoshi wouldn't get out of bed for this

That was a joke.

Anyway someone replied him with this and it fits on him...

If he thinks PayPal works in same way like Bitcoin...



vapourminer
Legendary
*
Offline Offline

Activity: 3374
Merit: 2057


what is this "brake pedal" you speak of?


View Profile
May 16, 2021, 08:39:53 PM
Merited by LoyceV (2), JayJuanGee (1), psycodad (1), Toxic2040 (1)

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment.  Angry

the price is $45k USD. over twice the 2017 ATH.

and peeps here are annoyed, moaning and pissed?? wtf where has the OG gone. we should be toasting the 30% off sale not complaining about the words from a twitter account.

whats with all the new whiners anyway. folks just sit back, relax and enjoy the ride. the moments of sheer terror are relative anyway; its just part of the ride. learn to enjoy them.

shahzadafzal
Copper Member
Hero Member
*****
Offline Offline

Activity: 574
Merit: 710



View Profile
May 16, 2021, 08:41:29 PM

What are you guys complaining about? He is giving us a chance to buy some cheap coin, fresh out of shaky hands.

But which one we should buy Chinese bitcoins or European?

Can someone please ask Elon?
Pages: « 1 ... 28724 28725 28726 28727 28728 28729 28730 28731 28732 28733 28734 28735 28736 28737 28738 28739 28740 28741 28742 28743 28744 28745 28746 28747 28748 28749 28750 28751 28752 28753 28754 28755 28756 28757 28758 28759 28760 28761 28762 28763 28764 28765 28766 28767 28768 28769 28770 28771 28772 28773 [28774] 28775 28776 28777 28778 28779 28780 28781 28782 28783 28784 28785 28786 28787 28788 28789 28790 28791 28792 28793 28794 28795 28796 28797 28798 28799 28800 28801 28802 28803 28804 28805 28806 28807 28808 28809 28810 28811 28812 28813 28814 28815 28816 28817 28818 28819 28820 28821 28822 28823 28824 ... 29546 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!