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

[JayJuanGee]

250 was very obvious, i get excited when we are above 260 and above 340 

Surely in the past 10 months, we have spent more time below $250 as compared to above $250, but also in the past 10 months we have experienced two significant and price surges into the upper $200s... therefore, probably there will be NO real objective rationale to get excited, until prices go into the $300s and mostly stay above $300. 

I am in agreement, more or less that experiencing prices above $340 would probably cause considerable excitement, and may even cause a lot of us to conclude that we have left the $200s forever... if such a thing is even possible anymore...

 



YES>>>>> we are likely going to leave this $200 price territory, it is just a matter of when.... within the next two weeks does NOT seem very likely, but maybe after the fed auction... and maybe after the December scaleability meeting, there may be more developments that allow BTC to leave te $200s for good?

If we get into the mid-$300s and even into the $400s, then likely even some of the bears will be converting into BTC bulls.

[Richy_T]

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Which subreddit? I don't check in on /r/bitcoinxt that often but a quick look and things seem fairly innocuous. The sidechain thread has 6 comments.

[Fatman3001]

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Any links? All I see is people having a facepalm-moment.

[muyuu]

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Which subreddit? I don't check in on /r/bitcoinxt that often but a quick look and things seem fairly innocuous. The sidechain thread has 6 comments.

Actual Bitcoin, not XT.

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Any links? All I see is people having a facepalm-moment.

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/

[Richy_T]

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/

Read through that earlier. Hurting and panicking? Potato/potato, I guess.

[Fatman3001]

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Which subreddit? I don't check in on /r/bitcoinxt that often but a quick look and things seem fairly innocuous. The sidechain thread has 6 comments.

Actual Bitcoin, not XT.

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Any links? All I see is people having a facepalm-moment.

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/

Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.

[muyuu]

Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.

  right, sidechains with actual locked Bitcoins as backing are Ripple

Dude has completely it  Does he even realize what he is saying 

As if that's not what they were doing all along 

The panic is real.

[Fatman3001]

Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.

  right, sidechains with actual locked Bitcoins as backing are Ripple

Send them an e-mail. They'll do it for you in no time at all.

Edit:

Dude has completely it   Does he even realize what he is saying  

As if that's not what they were doing all along  

The panic is real.

And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.

[ChartBuddy]

Coin
Explanation

[muyuu]

Dude has completely it   Does he even realize what he is saying  

As if that's not what they were doing all along  

The panic is real.

And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

[petahashminer]

i am pretty sure that it will bounce to 1650 yuans, in few hours.

[hdbuck]

Dude has completely it   Does he even realize what he is saying  

As if that's not what they were doing all along  

The panic is real.

And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

dont mind, he is well aware of what is cracking up in the bitco.in tard hole..

you are twisting words screenshots the same way big blocks would make mass adoption happen somehow - or at least in them simple minds.

[Fatman3001]

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

He is clearly not displaying panic.

[oda.krell]

(^
...
^)

Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?<sup>*


*</sup> And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

[muyuu]

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

He is clearly not displaying panic.

That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:

https://archive.is/EMUcH

(^
...
^)

Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?<sup>*


*</sup> And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

[JayJuanGee]

Anyone open an Open ledger account for the purpose of trading? 

It appears that that the fees are going to be pretty low, no?

And, seems to be fairly secure, like NO ONE is going to run off with your coins, no?

[hdbuck]

(^
...
^)

Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?<sup>*


*</sup> And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

also, SCs are more transparent, if not resilient (adding a certain degree of decentralization amongst exchanges, multisig wallets etc), than offchain solutions, which most exchanges currently uses.

as for the xters centralization scarecrow (lol they care about it nao?) over them exchanges point of sales, they already mostly comply with a lot of the tptb inept KYC/AML/bitlaw ting anyway.

so yes, finally, glad there is innovation.

pushing the scaling debate further down the line is the cherry on the cake.

the xtards tears are being delightful tho.

[koryu]

250 was very obvious, i get excited when we are above 260 and above 340 

Surely in the past 10 months, we have spent more time below $250 as compared to above $250, but also in the past 10 months we have experienced two significant and price surges into the upper $200s... therefore, probably there will be NO real objective rationale to get excited, until prices go into the $300s and mostly stay above $300. 

I am in agreement, more or less that experiencing prices above $340 would probably cause considerable excitement, and may even cause a lot of us to conclude that we have left the $200s forever... if such a thing is even possible anymore...

 



YES>>>>> we are likely going to leave this $200 price territory, it is just a matter of when.... within the next two weeks does NOT seem very likely, but maybe after the fed auction... and maybe after the December scaleability meeting, there may be more developments that allow BTC to leave te $200s for good?

If we get into the mid-$300s and even into the $400s, then likely even some of the bears will be converting into BTC bulls.

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

[oda.krell]

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

[muyuu]

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.