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

[Gyrsur]

yes, the value comes out from the network itself. there is so much bla bla from some banks, but the Bitcoin network is a result of growth over several years and is unique.  

True.  Its highly-centralized nature, antithesis of Satoshi's vision of citizen-miners securing the network with spare CPU cycles, is just one aspect of its uniqueness

 

At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware.

http://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html

[rememberme]

that 1k dump on finex

[TaurusBit]

Nice market sell at Finex... 

[rememberme]

ok guys imcoming dump 

[GaliX]

but but... we all agreed it's different this time!!

[Morecoin Freeman]

Retest of ~283 support. Strong buy moment imo.
Yes I know; This could feel counter intuitive, but that is what most good trades come down to.

[ask]

Retest of 283. Strong buy moment imo. (Yes I know. This could feel counter intuitive, but that is what most good trades come down to).

Falling wedge...

[dakota neat]

but but... we all agreed it's different this time!!

better sell now, huh!?

[rememberme]

Retest of ~283 support. Strong buy moment imo.
Yes I know; This could feel counter intuitive, but that is what most good trades come down to.

dont catch the falling knife bro!!

[Morecoin Freeman]

Falling wedge...

Yes! I agree.

However, if I'm correct, it's close to reversing (price is at $283 now).
I've been correct more than once, but of course use your own discretion to guide your trading decisions.

#999th post

[Gyrsur]

At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware.

http://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html

So he planned this?!  He knew all along about the inevitability of sinister mining cabals??!!

he was familiar with the human nature of greed and improvement and he counted on it.

[readysalted89]

At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware.

http://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html

So he planned this?!  He knew all along about the inevitability of sinister mining cabals??!!

He never envisioned mining pools, he only envisioned server farms of specialized hardware doing the mining. It's all in the paper he wrote when he released Bitcoin. You can download his paper here.

https://bitcoin.org/bitcoin.pdf

It's been edited slightly since the first version but it's basically the same paper.

[ChartBuddy]

Coin
Explanation

[Gyrsur]

At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware.

http://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html

So he planned this?!  He knew all along about the inevitability of sinister mining cabals??!!

he was familar with the human nature of greed and improvement and he counted on it.

Oh God, tell me this is all just a horrible dream!  I always pictured Him as a scientist, a dreamer, as eager as I to watch his noble social experiment unfold.

Now I learn that this ain't an unforeseen disaster, that shadowy Mr. Nakamoto, the diabolical mastermind behind this people-raping monstrosity, planned for this all along!

Why, this was no social experiment!  Plain social engineering is what it is!

serious?

it will not work if you act against the crowd. you have to realize their nature and use it for your goals. that's the way how it could become successfull.

it is also still a social experiment. but it deals with the reality of the human nature. and that is wise.

[inca]

Could be in for an interesting weekend in terms of price volatility. The price has been guided down on finex with a series of large sells and is currently shaking out the weak hands. Encouragingly still in a solid uptrend from 219. Pulling up the 1 week chart shows that a single positive green strong week changes the whole complexion of the technical picture making things look phenomenally bullish.

Longs at 29.5 million, shorts just shy of 11,500 on finex.

Let's see what happens.

ps. Gysur stop quoting the troll, you know better, thanks.

[ChartBuddy]

Coin
Explanation

[Ezmoneyezlife]

but but... we all agreed it's different this time!!

better sell now, huh!?

Yep, we're going to fall to 255-260$ (61.8 fib retracement) before next leg up to 340$.

[inca]

but but... we all agreed it's different this time!!

better sell now, huh!?

Yep, we're going to fall to 255-260$ (61.8 fib retracement) before next leg up to 340$.

According to you we were definitely retesting 160 when the price was 220.

[Dump3er]

but but... we all agreed it's different this time!!

better sell now, huh!?

Yep, we're going to fall to 255-260$ (61.8 fib retracement) before next leg up to 340$.

According to you we were definitely retesting 160 when the price was 220.

According to you the bottom was above 800.

[Greendragon]

but but... we all agreed it's different this time!!

better sell now, huh!?

Yep, we're going to fall to 255-260$ (61.8 fib retracement) before next leg up to 340$.

According to you we were definitely retesting 160 when the price was 220.

According to you the bottom was above 800.

According to you we are going to double digits.