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

[adamstgBit]

Lambchop was right all along! Bitcoin is officially dead.

what is the reason for this Price drop?

No reason, traders manipulation.

aka:

[1713553593]

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[1713553593]

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[1713553593]

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[1713553593]

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[1713553593]

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[calme]

whether it be 250 or 750, it's all three digit prices and quite a small range in the scheme of things.

[SnokkomBTC]

Bottom's in!

buy Buy BUY!!!

I don't have money at the moment. Waiting for my paycheck  

[Dump3er]

Well you bears had to ruin all the run.  

My stop sell was triggered while I attempted to grab a little sleep--in it for the downside now.

As many coins to drop 8 dollars as it takes to go back to 296..

Oh please! Did you not enjoy long enough your low volume rally? You need even more of this?

Volume goes up, price goes down.

[dreamspark]

Lambchop was right all along! Bitcoin is officially dead.

what is the reason for this Price drop?

No reason, traders manipulation.

aka:

Come join Adam, you'll like it here.

You realise the article is a bit of fun though and not actually doing any market manipulation. There are plenty of people in counter positions who speak in whale club. Lots of people got rekt on this drop. If you wanna look for manipulators you need to start talking about benjamin on trading view, people like him are the real market makers.

[adamstgBit]

Lambchop was right all along! Bitcoin is officially dead.

what is the reason for this Price drop?

No reason, traders manipulation.

aka:

Come join Adam, you'll like it here.

You realise the article is a bit of fun though and not actually doing any market manipulation. There are plenty of people in counter positions who speak in whale club. Lots of people got rekt on this drop. If you wanna look for manipulators you need to start talking about benjamin on trading view, people like him are the real market makers.

ok maybe i will a little later.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

bulls, please give me another good opportunity to short this.

I promise I will be there for you when you start to panic sell and get margin called.

Don't milk it Tarmi! You know it will turn on you in an instant.

[xyzzy099]

As I recall, your original claim was that it would be possible for 'any kid with a laptop' to effectively remove the 21M bitcoin cap.  This is NOT an example of that happening.

After a hard fork, as long as both branches survive, there are twice as many bitcoins around.  If you had 100 BTC before the fork, then after the fork you have 100 "Series A" BTC and 100 "Series B" BTC. 

As I clearly said every time, whether people bother to mine and use each Series is a political and marketing qestion.  There is no technical obstacle to both series of bitcoins surviving and retaining some value (but quite likely their combined total value will be no greater than what the "Series A" were worth before the fork).

At the last hard fork, everyone agreed to abandon the "Series A" bitcoins and use only the "Series B" ones.   If we have another hard fork to increase the block size, some people seem to be willing stay on the "Series A" branch.  I don't know what will happen, but, agan, it will be decided by political processes, not by technical mechanisms.

Do you really not understand that when you say 'series A bitcoin' and 'series B bitcoin', you are really saying 'bitcoin', and 'some altcoin'?

It's true that you will have a free supply of 100 units of the alt coin, which may or may not retain value over time, depending on whether anyone continues to mine it - but you will still only have 100 bitcoins - whichever branch eventually establishes itself as the 'real' bitcoin.

[Fatman3001]

I am not sufficiently freaked out about this. I think I might have become immune.

[criptix]

The possibility of a hard-fork clone does not expose any security risk, it is directed against the "scarcity" claim.

not really, gold and silver are two different things with different value although both get digged out of earth by humans.

main point is no altcoin clone (can) have the security of bitcoin.

[Fatman3001]

As I recall, your original claim was that it would be possible for 'any kid with a laptop' to effectively remove the 21M bitcoin cap.  This is NOT an example of that happening.

After a hard fork, as long as both branches survive, there are twice as many bitcoins around.  If you had 100 BTC before the fork, then after the fork you have 100 "Series A" BTC and 100 "Series B" BTC.  

As I clearly said every time, whether people bother to mine and use each Series is a political and marketing qestion.  There is no technical obstacle to both series of bitcoins surviving and retaining some value (but quite likely their combined total value will be no greater than what the "Series A" were worth before the fork).

At the last hard fork, everyone agreed to abandon the "Series A" bitcoins and use only the "Series B" ones.   If we have another hard fork to increase the block size, some people seem to be willing stay on the "Series A" branch.  I don't know what will happen, but, agan, it will be decided by political processes, not by technical mechanisms.

Do you really not understand that when you say 'series A bitcoin' and 'series B bitcoin', you are really saying 'bitcoin', and 'some altcoin'?

It's true that you will have a free supply of 100 units of the alt coin, which may or may not retain value over time, depending on whether anyone continues to mine it - but you will still only have 100 bitcoins - whichever branch eventually establishes itself as the 'real' bitcoin.

Why do you bother? I don't know if he can qualify as a tldr-troll or just a stubborn idiot, but he won't budge.
And he sort of shows the limitations of other people I respect on this forum.
He's managed to engage people like oda.krell and others in long winded discussions where he is impervious to reason, but manages to make them believe that they are having a real discussion rather than him using them as his soapbox.

It's no use. Let it be.

[LFC_Bitcoin]

20 dollar drop & the trolls are out in force.
Brilliant.

[ciappa]

20 dollar drop & the trolls are out in force.
Brilliant.

what is the reason for this drop 

[YourMother]

Attack! Attack!

[Fatman3001]

20 dollar drop & the trolls are out in force.
Brilliant.

what is the reason for this drop 

Not enough buying pressure so whales had to knock it down a notch.

[sAt0sHiFanClub]

Bottom's in!

buy Buy BUY!!!

I see your bottoms, and raise you a "blood on the streets" ( or at least flaming german police cars...)



Buy!!

[fonzie]

20 dollar drop & the trolls are out in force.
Brilliant.

what is the reason for this drop  

Bitcoiners buying Bitcoins without real USD. Goin margin long with BTC as collateral. Also 3600 fresh BTC mined daily.
After the "shutdown" of one of the biggest marketplaces for real world usage for BTC(Evolution) it´s usefulness is dwindling even more. If Agora is next it´s game over for BTC man, game over.
Then there will be nothing left beside gambling, trading and a bit of hoarding. Barely something that can hold the price in the triple digits any longer.

[calme]

if agora closes, that's fine with me. there will always be another silk road.

[Fatman3001]

Bottom's in!

buy Buy BUY!!!

I see your bottoms, and raise you a "blood on the streets" ( or at least flaming german police cars...)



Buy!!

Let's hope they don't take it too far. Germans tend to go overboard when they get all fired up.