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

[Hunyadi]

[Elwar]

Whats up with those sneaky few $ dollar rise these days?

$246.-  

I think this is a trap.

bitcoin going up now because massive people are buying bitcoin right now because of the auction .. or maybe its cuz its the holidays ..... or maybe it is being manipulated by someone whose business model doesnt support bitcoin staying low prices very long.... which do u think ?

I have no clue, what else is new?

why is Gemini a big deal when we have Coinbase and itBit already?  yes I'm still clueless.

I believe people are speculating that the Winklevoss twins have many rich friends that were waiting for them to open a legit exchange in New York. Or they think Wall Street will start using it. Or that it is an indicator that the ETF might eventually go through.

But yes, the reality is that it is yet another exchange. But the more in the US the better.

[adamstgBit]

i voted >320, i think 350 is pretty good target, i might be tempted to do some short term speculation there.

i think this is big news, the sky is clearing.

[JorgeStolfi]

Will we see an article in Ledger revealing your findings any time soon?

I do have a half-written tech report detailing how a cartel of miners could force a change in the rules; but that has become common (if still denied) knowledge by now, so it would probably be rejected for that (if not for ideologocal reasons).

I wrote a few other reports and analyses here on bitcointalk, but nothing deep enough to be worth submitting to a journal, unfortunately.

Bitcoin is not a good topic for scientific research, because results become obsolete very quickly, the object of study is a fundamentally flawed protocol, and there is almost complete lack of information about the bitcoin economy.  Even the most basic data -- like the number of users and the volume of e-payments -- has to be guessed, and the guesses vary by two orders of magnitude or more...

[ChartBuddy]

Coin
Explanation

[xyzzy099]

the object of study is a fundamentally flawed protocol

This sounds like a sufficient subject for a journal article, if, indeed, you can support that thesis.

[BTCjohn]

I think a lot of people have moved over to the new forum - come join us!
https://bitco.in/forum/threads/wall-observer.27

I read somewhere that in Switzerland there is a famous Product Design Hochschule that has given mankind such great advances as the black-on-black appliance control panel and the knee-busting car glovebox.  

I gather that they now have a new course where the best website designers of the world can learn advanced reader irritation techniques, like maximizing the amount of wasted screen space, writing with gray text on gray background, permanently displaying sidebars and menus that get used only once every solar eclipse, marking irrelevant information with animated gifs, and so on.  

As far as I know, the amount of screen space (i.e. forum width) on that site is customizable by the user.  Yeah, technology!

Sidebars are a fact of life.  Any website on the planet designed after 2005 has one, including reddit and all modern forums.  Sidebars could even contain (gasp) useful information.

Everything else, including animated gifs and gray text on gray background you are pulling out of your ass.  I have not seen a single animated gif or gray text on gray background (unless you're colorblind) on that forum.

[JayJuanGee]

i voted >320, i think 350 is pretty good target, i might be tempted to do some short term speculation there.

i think this is big news, the sky is clearing.

I'm NOT sure whether I should reveal the specifics of my vote and screw up my anonymity, but let me just disclose that my vote was fairly bullish, but NOT at the very top of the then options....

Adam, you seem inclined to change the poll, based on some of these recent  developments,  especially developments of the past days?            

Even though we are getting some real decent upward price action and a lot of volume (that is even likely somewhat legit), showing that there is quite a battle going on regarding the price direction.. and probably, there is going to be considerable battling all the way up to nearly the $300 levels... ...

NONETHELESS, maybe my vote today in any new poll would be nearly the same as it was 2-3 weeks ago?

Maybe once prices break $320 or so, then various parts of the public may start paying attention and start to jump on board to cause a steamrolling of continued upwardness? 

I know I have more questions than answers.   

[JorgeStolfi]

BitcoinXT challenges BitcoinCore's supremacy -- no change in the BTC price

BitPay reveals loss of 6 months worth of revenue -- no change.

Major banks ditch Bitcoin and go for permissioned blockchains -- no change

BitcoinXT loses its initial support -- no change

21co releases their bitcoin-enabled RPi -- no change

BlockStream open for a 2 MB block size limit -- no change

Banks force most bitcoin firms in Australia to close -- no change

Gemini gets a BitLicense and announces opening -- no change

Malleability attack by a bored Russian causes general havoc -- no change

Jack Liu of OKCoin on Bloomberg TV -- price jumps by 8 USD in minutes.

Welcome to the world of 比特币...

[_biO_]

Will we see an article in Ledger revealing your findings any time soon?

I do have a half-written tech report detailing how a cartel of miners could force a change in the rules; but that has become common (if still denied) knowledge by now, so it would probably be rejected for that (if not for ideologocal reasons).

So let's say a majority of miners change the rules in a way that the rest of the bitcoin community does not agree with, then what?

What prevents the core developers from just changing the hash function, rendering all mining hardware useless and let the whole mining business start from scratch? Yeah it would be pretty messy, but the mere existence of that option keeps the miners in check.

[JayJuanGee]

Will we see an article in Ledger revealing your findings any time soon?

I do have a half-written tech report detailing how a cartel of miners could force a change in the rules; but that has become common (if still denied) knowledge by now, so it would probably be rejected for that (if not for ideologocal reasons).

I wrote a few other reports and analyses here on bitcointalk, but nothing deep enough to be worth submitting to a journal, unfortunately.

Bitcoin is not a good topic for scientific research, because results become obsolete very quickly, the object of study is a fundamentally flawed protocol, and there is almost complete lack of information about the bitcoin economy.  Even the most basic data -- like the number of users and the volume of e-payments -- has to be guessed, and the guesses vary by two orders of magnitude or more...

I think that you are living in a fantasy, Jorge, if you believe that any of your ideas and/or ways of putting materials together would be rejected based on the ideas themselves or that you are on the "wrong ideological side." 

MORE LIKELY, based on materials that I have seen from you about bitcoin are lacking in their failure and/or refusals to deal with some basic facts that go against your position.  In fact, the side that you are on would NOT matter too much in any "academic" presentation, so long as you account for arguments and facts that go against your position, which my impression is that you frequently fail/refuse to do because of your oftentimes selective presentation.   

[JorgeStolfi]

the object of study is a fundamentally flawed protocol

This sounds like a sufficient subject for a journal article, if, indeed, you can support that thesis.

The flaws too are well-known, such as: lack of inflation causes hoarding, speculative overpricing, and price volatility; that and fixed mining reward leads to concentration of mining; no ways to reward relay nodes; no way to fix fees; no way to reverse fraudulent or criminal attacks; and more...

Bitcoin was a great advance towards the solution of the old problem of designing a decentralized payment system; but it is not the solution yet.  We must wait for another Satoshi or two to invent the parts that are still missing...

[xyzzy099]

the object of study is a fundamentally flawed protocol

This sounds like a sufficient subject for a journal article, if, indeed, you can support that thesis.

The flaws too are well-known, such as: lack of inflation causes hoarding, speculative overpricing, and price volatility; that and fixed mining reward leads to concentration of mining; no ways to reward relay nodes; no way to fix fees; no way to reverse fraudulent or criminal attacks; and more...

Bitcoin was a great advance towards the solution of the old problem of designing a decentralized payment system; but it is not the solution yet.  We must wait for another Satoshi or two to invent the parts that are still missing...

That sounds like a lot of opinion.  I'd like to see it formalized into a journal article, and see what the peer review looks like. 

[Sitarow]

BitcoinXT challenges BitcoinCore's supremacy -- no change in the BTC price

BitPay reveals loss of 6 months worth of revenue -- no change.

Major banks ditch Bitcoin and go for permissioned blockchains -- no change

BitcoinXT loses its initial support -- no change

21co releases their bitcoin-enabled RPi -- no change

BlockStream open for a 2 MB block size limit -- no change

Banks force most bitcoin firms in Australia to close -- no change

Gemini gets a BitLicense and announces opening -- no change

Malleability attack by a bored Russian causes general havoc -- no change

Jack Liu of OKCoin on Bloomberg TV -- price jumps by 8 USD in minutes.

Welcome to the world of 比特币...

Interesting observation.

[bambou]

Max Keizer seeing through the XT coup and all the lame attempts of the bank cartels to minimize Bitcoin in the light of the "Blockchain technology":

https://www.rt.com/shows/keiser-report/317750-episode-max-keiser-819/

[Fatman3001]

Max Keizer seeing through the XT coup and all the lame attempts of the bank cartels to minimize Bitcoin in the light of the "Blockchain technology":

https://www.rt.com/shows/keiser-report/317750-episode-max-keiser-819/

You mean the guy who works for the english branch of the russian propaganda machine RT?

[adamstgBit]

i voted >320, i think 350 is pretty good target, i might be tempted to do some short term speculation there.

i think this is big news, the sky is clearing.

I'm NOT sure whether I should reveal the specifics of my vote and screw up my anonymity, but let me just disclose that my vote was fairly bullish, but NOT at the very top of the then options....

Adam, you seem inclined to change the poll, based on some of these recent  developments,  especially developments of the past days?            

Even though we are getting some real decent upward price action and a lot of volume (that is even likely somewhat legit), showing that there is quite a battle going on regarding the price direction.. and probably, there is going to be considerable battling all the way up to nearly the $300 levels... ...

NONETHELESS, maybe my vote today in any new poll would be nearly the same as it was 2-3 weeks ago?

Maybe once prices break $320 or so, then various parts of the public may start paying attention and start to jump on board to cause a steamrolling of continued upwardness? 

I know I have more questions than answers.   

I try to keep the poll relevant

lol at the "price direction battle", most poeple sell at the bottom, this is what we are seeing now. i would guess they would be pretty much sold out at ~300... and then the sky will clear, magicly devs agree to some better than expected scaling solution, Gemini launch, FBI fresh out of coins, etc... those paying attention will understand the bull market started, public won't get interested until we hit >500, in <2 years the bull run is on fire, major bullish news everyday, first OIL BTC deal!  etc. what the world wants the world gets, ATM's are lined up for miles BAM 32,000$ 1/2 a trillion dollar market seems just fine for bitcoin, and once again everyone is confused as to why price is dropping...

[adamstgBit]

by all means focus on the fact that bitcoin doesn't scale, devs are in conflict,  "its not bitcoin its about Bitcoin", 21 Inc Computer is a fail, the FBI is about to drop 45K coins on the market, GOOOOOOOOOD TIME TO SELL, right? LOL gata love the basic bitches.

[bambou]

Max Keizer seeing through the XT coup and all the lame attempts of the bank cartels to minimize Bitcoin in the light of the "Blockchain technology":

https://www.rt.com/shows/keiser-report/317750-episode-max-keiser-819/

You mean the guy who works for the english branch of the russian propaganda machine RT?

Sure, you should stick with Fox News.

[macsga]

The price should follow the academic prediction of Jorge. He's the only one here adequate enough to predict with confidence what the price tag will be within the next couple of minutes, hours, years... you name it. This is fundamental *science*.

The only problem is that Bitcoin never followed any science...

Edit:
Even Tarmi gets it!

you are right guys and I am wrong because this time it's different.




buy buy buy