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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26966126 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. (174 posts by 1 users with 9 merit deleted.)
ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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March 18, 2015, 10:58:59 PM

Coin
Explanation
calme
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March 18, 2015, 11:00:27 PM

Quote

You permabulls have a really odd definition of what is cheap.

But...yeah...ok...anyway.
You trolls certainly have an odd lack of distinction between permabulls and non-day traders.

But anyway...
petahashminer
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March 18, 2015, 11:00:48 PM

we are bouncing to 270 dollars again , here we go, fasten your seatbelts..
Meuh6879
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March 18, 2015, 11:02:51 PM


Blazin604
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March 18, 2015, 11:03:50 PM

Evolution marketplace just disappeared off dark web.... http://www.reddit.com/r/EvolutionMarket/comments/2zisfn/new_decentralized_marketplace/

http://www.wired.com/2015/03/evolution-disappeared-bitcoin-scam-dark-web/
Snipe85
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March 18, 2015, 11:04:17 PM

we are bouncing to 270 dollars again , here we go, fasten your seatbelts..
It's about time. Wtf was that dump anyway? Price was slowly growing for 2 weeks and then suddenly crashed out of the blue in 12 hours back to where it started. I smell a manipulation...
Fatman3001
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March 18, 2015, 11:06:08 PM

Bears just waiting for someone to sell. Long swaps at 0.1% interest is high, but that is only the last few days of swap total.

The order books look better matched than they have for weeks.

One big buy and the bearish sentiment will evaporate in a  puff of smoke. Like most of the leveraged bears did the last month.

The "bearish sentiment" is solely connected to the imagined barrier of $300. If you look at 1d charts we are still just moving up the stairway to heaven.

Edit: So by wednesday we should be past $300.

The price better turn around real quick or I might end up looking foolish.

I'm okay with looking foolish. I'll get a silly paint job on my Ferrari after following the #1 rule of BTC.  Cool



Looks nice, needs some new rims though  Grin

If we drive something like that, I'm concerned we'll look foolish next to other cars at stoplights. There will be mildly used Honda Civics with badass paint jobs paid for by those who shorted from 300 to 250. And to make things worse, the previous owners were non-smokers (or at least the ads on Craigslist said so).

I don't give a hoo haa about them. I want a silly Ferrari!

samsonn25
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March 18, 2015, 11:06:49 PM

After spending the last 3 weeks above the daily EMA it is back under it now.

EMA at $264 now.
Chef Ramsay
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March 18, 2015, 11:07:06 PM

...the #1 rule of BTC.  Cool

Maximum dolors for greatest number [of people]?

HODL
 

HODL #1 rule of btc after a ~90% dump and calling other people trolls.

LMAO.
It's just good that you have a sense of humor. Please don't let your financial situation ever take that away from you.

Don't worry about my humour or my financial situation. All the way down was for me as nearly profit yielding as all the way up. If this sucker drops below ~100 (what it certainly will) it will be even more profitable than the whole bubble before.

For my humour I even care less, Permabulls are maintaining my humour  Cheesy
I bet Tim Draper has been helping to maintain your humor. I wonder if his position or yours will end up being more profitable in the end. So yes, definitely keep that sense of humor!

Is Draper the guy who bought my coins for 975$?  Cheesy
Hell if I know, but he surely bought them cheap.
If we're talking about Draper's auction purchase last year I believe they were bought around the $670ish area, which either way isn't very optimum at the moment.
fonzie
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March 18, 2015, 11:07:13 PM

we are bouncing to 270 dollars again , here we go, fasten your seatbelts..



Hold your horses Bitcoin, not so fast.  
Morecoin Freeman
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March 18, 2015, 11:09:30 PM

Any lucky people get in a buy under $250 today?

Just wait a little bit, and you could get some too.  Grin

Yes good buy. Smiley
Maximum_Overderp!
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March 18, 2015, 11:14:28 PM

Was waiting for 355, but will take some profit now and wait for lower prices or a clear direction in the next week to take a clear position.

So far so good. Now what price to buy back in? Is it time?

Next support level is around $255, wait till the price goes there.

Yeah, I'm going to wait and see which way the wind blows on this one. I don't think we are going down more but I could be wrong.

Ok, I was wrong. I think it's go time now. Time to buy back but not all in yet.
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March 18, 2015, 11:15:46 PM

diabLEEca
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March 18, 2015, 11:16:04 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/
Fatman3001
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March 18, 2015, 11:20:33 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/

If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.
LFC_Bitcoin
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March 18, 2015, 11:21:06 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/


Shit!
That's a good point.
Dem Chinks could dump the shit out of this once they wake up.
calme
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March 18, 2015, 11:21:43 PM

VCs know more than anyone that volatility is normal in the early stages and view it as noise that distracts from a) "will it be big?" or b) "will it not?"
nioc
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March 18, 2015, 11:22:28 PM

Any lucky people get in a buy under $250 today?

By lucky you mean soon-to-be bagholders?

Hello my sweet fonzie Smiley

Even though my Cargo Cult TA© isn't at buy I couldn't help myself and bought some at 253 as I was a little slow after work to get under 250.  I have replenished the coins I was forced to sell last year at ~ 50% of what I sold them for. Smiley  Looking for more but no rush. 
AZwarel
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March 18, 2015, 11:27:01 PM
Last edit: March 18, 2015, 11:41:43 PM by AZwarel

I am not sure, but i think you do not understand how the bitcoin network works. Every day we have several "hard forks" in the form of orphaned blocks.

Thanks for the lesson, but I do understand the consensus mechanism, and I know about orphan blocks.  Perhaps I am using the wrong name, but those that you describe are not "hard forks", not even "soft forks", it is just the normal operation of the protocol.  Both the orphans and the winning branch use exactly the same version of the software, and the UTXOs in the orphaned blocks become invalid by definition.  

What I am discussing is a fork of the blockchain where each branch uses a different protocol, and every message is identifiable as belonging to one branch only, and is accepted (or seen) only by clients and miners who are running that version of the protocol.  Blocks before the split are valid under both protocols, but blocks after the split are valid only according to their specific version.  Each transaction request is directed to one branch only; if a client wants to move both clones of his coins to the same address in each chain, he must issue two requests, and they may or may not be accepted independently.


So, they are not running on the same protocol. So the two blockchains are not the same, since they have to run on different protocols. So 1+1=2, but, 1 not=1. That is the logic you described. Different protocol = not the bitcoin protocol accepted by majority of participants.

you insist that A and B blockchains can coexists - with the same mining power behind them!- for more than say 2 consecutive blocks (on avg 20 minutes), and that they both individually represents bitcoin as per se. No, they do not.

No, that is not at all what I am discussing, see above.

It may be possible to have some "merged mining" scheme where a miner can attempt to mine both chains at the same time.  But I am not considering that possibility. I am assuming that each miner chooses only one of the two branches to work on, by upgrading or not to the appropriate software and/or talking only to the appropriate set of relay nodes.

After a hard fork, there is no automatic "synchronizing" of the two branches (and re-joining them would soon be impossible, even with substantial hackery).

It may be possible that the Sun not shining tomorrow. The burden of proof is upon you, not on the bitcoin network. Also, why do you assume something that has 0, zero, nada possibility, since it has zero incentive to anyone participating in the mining process? What if i turn into an unicorn?Huh

Your B chain will not ever propagate because: the moment you fork, you also inherit the difficulty of the A chain. That difficulty is so high, that your laptop will practically never finds the next block

Yes, as I said, a hard fork that cannot count on attracting most of the hashpower right away (like that kid's) would also have to lower the difficulty temporarily to ensure a fair block rate, until the automatic adjustment can take over.  

But a hard fork that can muster 25% (say) of the hashpower perhaps could afford having 1 block every 40 minutes for a couple of weeks.  So the difficulty adjustment may not even be necessary.

Keywords: "perhaps, could, afford, fair". You have no argument/proof why anyone, not even near 25% of the hashpower would "choose to" join basically an orphaned chain, let even a changed protocol which is not accepted by the majority of the nodes/miners/exchanges/wallets/individuals (miners are not alone this!). Please define FAIR. Show me 1, ONE author in the history of mankind who has an axiom of FAIR VALUE, and has been accepted by the unity of mankind! Quantify me "fair" please.

if you think that the state of the blockchain is a political decision, you should STOP posting bullshit here please. You do not understand the very basic idea: consensus through mathematical proof independent of central authority ( which is politics...)

At the OP_MUL fork, everyone choose to switch to the new protocol, recommended by Gavin, even though it meant "rewinding" the blockchain and invalidating some deeply-confirmed transactions.  If tried to do a hard fork of my own, surely no one else woud switch.  The difference between the two cases is not in the protocol or mathematics, it is politics.

The good working of the protocol depends heavily on the behavior of its human players, about which nothing can be proved mathematically.  It assumes that a majority of the players will be driven by immediate greed, and therefore would choose alternative X over Y when considering many specific choices that have been considered when designing the protocol.  However, that assumption is not certain, and the possible situations and choices that the players may face is not bounded.

We are already seeing some situations and choices that may not have been foreseen.  For example, the transaction fees being insignificant compared to the block reward, and some powerful miners apparently choosing to mine empty of half-full blocks rather than full ones.  

That is factually not true (aka  a lie). Anyone with interest (=money, principle) in bitcoin is not driven by immediate greed. We had several price run ups followed by burst (bubble), and it is still alive (bitcoin), so "immediate greed" is not the long time motivator.
Also, any change in the protocol is seriously wetted and reviewed by the community, and must be beneficial to the majority, else it would not be implemented by the majority, and would fail (it is still a conscensus mechanism, means majority of participants = consensus)

TLDR: You presume that people would act against their own known self interest in the number of millions and screw the system for their own demise, loss, purposefully, just to prove your point. Speaking like a real commie.

Again, quantify me: "fair", please.
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March 18, 2015, 11:29:30 PM

Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/

If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.

1. The price is merely crawling back up, and it's not doing it fast enough or with enough volume to call it a reversal. It looks more like a correction on the further way down for now.
2. They could simply wake up, read the latest news they've missed and decide that they're out (or simply that it's going to drop even more from that so they will buy back lower). It's happened before, it may happen again - hence the question how bullish/bearish they've been recently compared to the rest.
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