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

[podyx]

I think we could see sideways going down slowly to about $270 before we continue up

[dreamspark]

This is not the time to be bearish with BTC this is the time to hodl your BTC and come and be bearish on the EURO with your BTC on 1broker 

https://1broker.com/m/r.php?i=2961

[Fatman3001]

I think we could see sideways going down slowly to about $270 before we contionue up

We could still stay in the 290 range for a couple of days without any drama. The buying pressure is strong. The walls are dwindling. We just need to linger a bit before we float up.

[Erdogan]

If devs decided to make this change,  miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.

You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.

I will give you my vote now.

NO

Its not a theory. Its there in the code.... 

May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you.

[calme]

And don't post it until you've changed it to something like 15m.

[rolling]

If devs decided to make this change,  miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.

You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.

I will give you my vote now.

NO

Its not a theory. Its there in the code.... 

May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you.

https://github.com/bitcoin/bitcoin/search?utf8=%E2%9C%93&q=21000000

[uhoh]

If devs decided to make this change,  miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.

You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.

I will give you my vote now.

NO

Its not a theory. Its there in the code....  

May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you.

https://github.com/bitcoin/bitcoin/search?utf8=%E2%9C%93&q=21000000

Beat me to it

It's not gonna change, it makes no sense for anyone in the system for it to change (including miners). Increasing it is completely zero-sum (well not, actually, because the mere fact that it changed would create uncertainty in an economy based on certainty).

[Norway]

If devs decided to make this change,  miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.

You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.

I will give you my vote now.

NO

Its not a theory. Its there in the code.... 

May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you.

https://github.com/bitcoin/bitcoin/search?utf8=%E2%9C%93&q=21000000

Nice 

[damiano]

$300 tonight, let's hope we stay above this time

If we slay that bear whale

ruh roh ... did u hear that everybody ?? there is a bear whale. everyone stay calm... we will get billyjoe to get the 'four punch raiders' to take him out with a quick and powerful 'chinese panic' flash dumps and right when he thinks is great moment hit him with the short squeeze. got it everyone ?? ok break. on 10. go.

LOL

Realistically I think the situation is that longs are way over extended at a ridiculous interest rate and if the price doesn't start to move upwards soon enough we will come crashing down.  Just like how BJA spoke about a cascade of shorts going up, I think the tables have flipped.

Ever since BTC broke 300 I have had a bad feeling and it's getting worse and worse.  I am continuing to buy, but i'm out of leverage till we figure out which way the market is going to go.  Id rather jump in late than get burned.

[spooderman]

ok bored now.

[uhoh]

Make or break on stamp.

[hyphymikey]

$300 tonight, let's hope we stay above this time

If we slay that bear whale

ruh roh ... did u hear that everybody ?? there is a bear whale. everyone stay calm... we will get billyjoe to get the 'four punch raiders' to take him out with a quick and powerful 'chinese panic' flash dumps and right when he thinks is great moment hit him with the short squeeze. got it everyone ?? ok break. on 10. go.

LOL

Realistically I think the situation is that longs are way over extended at a ridiculous interest rate and if the price doesn't start to move upwards soon enough we will come crashing down.  Just like how BJA spoke about a cascade of shorts going up, I think the tables have flipped.

Ever since BTC broke 300 I have had a bad feeling and it's getting worse and worse.  I am continuing to buy, but i'm out of leverage till we figure out which way the market is going to go.  Id rather jump in late than get burned.

The interst rates have jumped but only for the last 2 million or so that was borrowed. I'm still locked into my month long rate that is around .03 average. So there isn't enough longs with high rates that would close out and cause a cascading effect. If they decide to close out I'll be sure and scoop up some of their coins with my extra borrowed USD. And I know I'm not the only one willing to buy their coins.

[Norway]

ok bored now.

Me too...
So...
Why would the "COIN" etf not be approved?

[calme]

I wonder how much of a psychological barrier the USD-BTC exchange rate is for the Chinese portion of the market cap. It's somewhere between only thing that matters and DGAF.

[sAt0sHiFanClub]

If devs decided to make this change,  miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.

You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.

I will give you my vote now.

NO

Its not a theory. Its there in the code.... 

May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you.

Ive already  stated that the cap is derived from the following calculation  ( from main.cpp:1235)

    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= (nHeight / Params().SubsidyHalvingInterval());

Link to the file on github is

https://github.com/bitcoin/bitcoin/blob/4ad73c6b080c46808b0c53b62ab6e4074e48dc75/src/main.cpp#L1230

[bitllionaire]

market is still lateral, I think that if we don't break  300$ hardly this will go down

[Norway]

I wonder how much of a psychological barrier the USD-BTC exchange rate is for the Chinese portion of the market cap. It's somewhere between only thing that matters and DGAF.

They probably think about the 2000 yuan level 

[ChartBuddy]

Coin
Explanation

[sAt0sHiFanClub]

If devs decided to make this change,  miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.

You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.

I will give you my vote now.

NO

Its not a theory. Its there in the code.... 

May be you could show us the code? Find the line that says there will be 21 million. The code is on the net. Please give the link to the file and the line number. Thank you.

https://github.com/bitcoin/bitcoin/search?utf8=%E2%9C%93&q=21000000

Nice 

What the fuck are you looking for??  Thats not the code that defines the cap. Jesus, you guys are truly clueless about all this, arent you?

[Sitarow]