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

[Silverspoon]

we're doomed

You're such a drama queen

He's right tho.  You're doomed.

[gentlemand]

Paycoin going nuts

Why are some people so stupid.  Good, interesting, undervalued altcoin projects exist with interesting features. 

But they waste their money on paycon instead.

Glittery websites and impressive promises that'll never happen is what the majority of people want. The market has spoken for now.

[Silverspoon]

...
Well, i do everything i can to learn. Even finished that MOOC of Nicosia Univ...

That's the one which partnered up with NeoBee, right?

[dreamspark]

if you take a step back and realize that there might be more long demand as the bear market comes to an end and the bull market starts....



21M in longs is no where near the 31M we saw last year, and shorts are actually pretty high compared to last year, so i'm not TOO concerned about it.

I agree, the problem is that it takes far less of a movement in $ terms to liquidate that many longs at a higher price.

[Wandererfromthenorth]

if you take a step back and realize that there might be more long demand as the bear market comes to an end and the bull market starts....



21M in longs is no where near the 31M we saw last year, and shorts are actually pretty high compared to last year, so i'm not TOO concerned about it.

I'm shitting bricks all hope is lost!!!

Yes but BTC price is a lot lower than at the beginning of 2014 so the USD value of those shorts is a lot less.
Basically they didn't increase too much in USD terms.

[yui]

I hope it will stay low for a long time. Doesn't need to drop more, just stay low.

[aztecminer]

fuck this i'm cutting my losses

adam...cut your loooses! ..... buy high sell low!

[greenlion]

Well Said!

The sad truth is that not only does Jorge fail to comprehend how PoW consensus works, but he also fails to understand why Bitcoin is sound money. He has spent a year on here, most of that time totally wasted, including the time of many of us here in this forum who are willing to learn from others.

It really doesn't matter, he's just going to change the subject to another ill-conceived FUD talking point, and grace us with some patronizing wall of text, and set pedantic traps for people to respond to so he can launch into some pre-conceived nonsense he was planning to all along. I think this kind of behavior is a cautionary tale of what is to be expected from your garden-variety self-appointed do-gooder asshole who comes to the discussion motivated purely by an agenda and veritable attics full of unacknowledged political baggage.

[podyx]

Paycoin going nuts

The shitcoin market truly never cease to deliver.

[barbs]

BearTC-E is leading the charge here?

[sAt0sHiFanClub]

Well Said!

The sad truth is that not only does Jorge fail to comprehend how PoW consensus works, but he also fails to understand why Bitcoin is sound money. He has spent a year on here, most of that time totally wasted, including the time of many of us here in this forum who are willing to learn from others.

It really doesn't matter, he's just going to change the subject to another ill-conceived FUD talking point, and grace us with some patronizing wall of text, and set pedantic traps for people to respond to so he can launch into some pre-conceived nonsense he was planning to all along. I think this kind of behavior is a cautionary tale of what is to be expected from your garden-variety self-appointed do-gooder asshole who comes to the discussion motivated purely by an agenda and veritable attics full of unacknowledged political baggage.

I think you really need to get a hold of yourself there. If you dont like what he says, just move on. If what he says annoys you so much that you are inclined to write the above drivel, then you really need to reassess your life's priorities.

At least others had the ability to argue a point.

[yui]

I was fearing we go over USD 300 without enough time to keep buying. Now we have dropped. 

[sAt0sHiFanClub]

BearTC-E is leading the charge here?

Some of the individual losses from the chat are pretty substantial. The sentiment in the room is not good.

[Silverspoon]

[sAt0sHiFanClub]

Priced out of the Law - to fight the landlord they would have to pay a $150K bond. Hense the bankruptcy

[Fatman3001]

Well Said!

The sad truth is that not only does Jorge fail to comprehend how PoW consensus works, but he also fails to understand why Bitcoin is sound money. He has spent a year on here, most of that time totally wasted, including the time of many of us here in this forum who are willing to learn from others.

It really doesn't matter, he's just going to change the subject to another ill-conceived FUD talking point, and grace us with some patronizing wall of text, and set pedantic traps for people to respond to so he can launch into some pre-conceived nonsense he was planning to all along. I think this kind of behavior is a cautionary tale of what is to be expected from your garden-variety self-appointed do-gooder asshole who comes to the discussion motivated purely by an agenda and veritable attics full of unacknowledged political baggage.

I think you really need to get a hold of yourself there. If you dont like what he says, just move on. If what he says annoys you so much that you are inclined to write the above drivel, then you really need to reassess your life's priorities.

At least others had the ability to argue a point.

And that's what they did wrong.

[ChartBuddy]

Coin
Explanation

[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.

I just wrote him a detailed reply how the consensus mechanism works. I think i have nailed it and he understands, if not, i has the power of ignore:)

It was a good read. Others will appreciate it even if The Most Honorable Professor Doctor Stolfi doesn't.

[Silverspoon]

Priced out of the Law - to fight the landlord they would have to pay a $150K bond. Hense the bankruptcy

Lol, no.  Another shifty Bitcoin "non-profit" organisation gets owned.
*Bonus points for totally humble & not overreaching name

[YourMother]

It's time to let your pride and ego at the door and accept the fact that you are getting scammed by bitcoin and its ecosystem over and over again. If you want to change your life for the better, just visit






You will thank me later.