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

[adamstgBit]

Artificial scarcity of coins in addition to artificial scarcity of blockspace is just too much scarcity for me, so i'm gonna make myself scarce but I gotta cash out first.

Too much talk, not enough action.  Sell your coins and MTFO.

billyjoeallen and i usually agree, and this is no exception, I too will get out if block limit isn't addressed and fees rise. luckily it won't come to that... but if it does, and for some ODD reason devs decide to never touch the block limit, i think i'd be lucky to get >200$ a coin. not fixing this is basically declaring that bitcoin can NOT be "the future of money", and inviting everyone to produce a crypto that can.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Artificial scarcity of coins in addition to artificial scarcity of blockspace is just too much scarcity for me, so i'm gonna make myself scarce but I gotta cash out first.

Too much talk, not enough action.  Sell your coins and MTFO.

billyjoeallen and i usually agree, and this is no exception, I too will get out if block limit isn't addressed and fees rise. luckily it won't come to that... but if it does, and for some ODD reason devs decide to never touch the block limit, i think i'd be lucky to get >200$ a coin. not fixing this is basically declaring that bitcoin can NOT be "the future of money", and inviting everyone to produce a crypto that can.

Kind of weird that I'm kinda hoping for a purely speculative bubble, rather than real adoption. The line between BTC and a ponzi/pyramid is getting blurry as long as this thing doesn't scale.

At least core devs seem to agree that scaling needs to be addressed. It wasn't a given.

[BlindMayorBitcorn]

Coin



Explanation

[BlindMayorBitcorn]

Artificial scarcity of coins in addition to artificial scarcity of blockspace is just too much scarcity for me, so i'm gonna make myself scarce but I gotta cash out first.

Too much talk, not enough action.  Sell your coins and MTFO.

billyjoeallen and i usually agree, and this is no exception, I too will get out if block limit isn't addressed and fees rise. luckily it won't come to that... but if it does, and for some ODD reason devs decide to never touch the block limit, i think i'd be lucky to get >200$ a coin. not fixing this is basically declaring that bitcoin can NOT be "the future of money", and inviting everyone to produce a crypto that can.

Kind of weird that I'm kinda hoping for a purely speculative bubble, rather than real adoption. The line between BTC and a ponzi/pyramid is getting blurry as long as this thing doesn't scale.

At least core devs seem to agree that scaling needs to be addressed. It wasn't a given.

Edit: Is the Jeff Garzik BIP 202 still on the table?

[suda123]

[Fatman3001]

Artificial scarcity of coins in addition to artificial scarcity of blockspace is just too much scarcity for me, so i'm gonna make myself scarce but I gotta cash out first.

Too much talk, not enough action.  Sell your coins and MTFO.

billyjoeallen and i usually agree, and this is no exception, I too will get out if block limit isn't addressed and fees rise. luckily it won't come to that... but if it does, and for some ODD reason devs decide to never touch the block limit, i think i'd be lucky to get >200$ a coin. not fixing this is basically declaring that bitcoin can NOT be "the future of money", and inviting everyone to produce a crypto that can.

Kind of weird that I'm kinda hoping for a purely speculative bubble, rather than real adoption. The line between BTC and a ponzi/pyramid is getting blurry as long as this thing doesn't scale.

At least core devs seem to agree that scaling needs to be addressed. It wasn't a given.

Is the Jeff Garzik BIP still on the table?

Which one?

BIP100, BIP102 or BIP202?

Edit: I think the answer is "no" anyway.

Jeff is kind of a dialogue fetishist, but all he has managed to do is make both sides agree that BIP100, BIP102 and BIP202 are the wrong approaches.

[TERA]

Every movement up or down looks really big to all the traders because they're looking at a short time frame and don't zoom out, so the movement takes the entire vertical height on the chart. It's the same as when your trading forex and accidentally look at a 1 minute chart and think 'oh god what's happening now. What's this huge move.  Oh it's only 5 pips'

[suda123]

Every movement up or down looks really big to all the traders because they're looking at a short time frame and don't zoom out, so the movement takes the entire vertical height on the chart. It's the same as when your trading forex and look at a 1 minute chart and think 'oh god look at that huge 5 pip move'

na im talking about the forums I go to, during august there were massive posts  going don't buy bitcoin etc etc and by really smart looking people, then everything goes quiet on the uptrend passed 300$s.

Then when it drops by 30$ all these people come out of the woodwork back again posting the same EXACT fud from when the price was at 200$s.

I used to think shills were a myth or just silly confirmation bias but im starting to believe it.

[Richy_T]

Who is BtcDrak? And other good questions

There were a lot of people didn't take a liking to Jorge but he's definitely always been sincere and honest in my book.

[dropt]

Artificial scarcity of coins in addition to artificial scarcity of blockspace is just too much scarcity for me, so i'm gonna make myself scarce but I gotta cash out first.

Too much talk, not enough action.  Sell your coins and MTFO.

billyjoeallen and i usually agree, and this is no exception, I too will get out if block limit isn't addressed and fees rise. luckily it won't come to that... but if it does, and for some ODD reason devs decide to never touch the block limit, i think i'd be lucky to get >200$ a coin. not fixing this is basically declaring that bitcoin can NOT be "the future of money", and inviting everyone to produce a crypto that can.

I'm a proponent for larger blocks as well, but where BJA, you, and I differ is that I'm not going to 'take my ball and go home' if it doesn't curtail to my every want and desire.  Bitcoin can still be the future of money even if a fee market develops that edges out the less fortunate.  I certainly don't hope it goes that way, but I'm not going to give up on Bitcoin's future just because of this.  I also don't buy into the thought that limiting block size is going to crash the price or destroy bitcoin.  The 1MB limit has been in place for years and we've seen ATH's much larger than the current rate.  I also believe that the current valuation is driven by speculators that don't necessarily care about a blocksize debate.  If the valuation were driven by people that actually use BTC for daily purchases (those ultimately affected by smallblocks) it would likely be much, much, lower than it is now.

[sAt0sHiFanClub]

Which one?

BIP100, BIP102 or BIP202?

[BlindMayorBitcorn]

Who is BtcDrak? And other good questions

There were a lot of people didn't take a liking to Jorge but he's definitely always been sincere and honest in my book.

If I had a Most Valuable Posters list he'd be on it; and NotLambchop, who's been technically absent for quite some time. 

[macsga]

Anyone here noticed that China CCMFs? 

[TERA]

Every movement up or down looks really big to all the traders because they're looking at a short time frame and don't zoom out, so the movement takes the entire vertical height on the chart. It's the same as when your trading forex and look at a 1 minute chart and think 'oh god look at that huge 5 pip move'

na im talking about the forums I go to, during august there were massive posts  going don't buy bitcoin etc etc and by really smart looking people, then everything goes quiet on the uptrend passed 300$s.

Then when it drops by 30$ all these people come out of the woodwork back again posting the same EXACT fud from when the price was at 200$s.

I used to think shills were a myth or just silly confirmation bias but im starting to believe it.

Yes there are lots of traders who post bearish things mostly only during bearish periods.  Either because.
1. They're long during the bull periods
2. They don't bother posting during the bull period because they'll be drowned out by bulls and up movement psychology.
3. You don't notice them during bull periods because they're drowned out by tons of bull posts (do you read EVERYTHING? )

they're just traders,  assholes, liars, and bears. I don't see what makes them 'shills'

[XCASH]

<snip>


i think the case is not closed. the price of gold is MANIPULATED downwards. that means the price has been artificially lowered. what that means is that todays price of gold is not it's true value.. and what that means is that gold is on sale.. obviously, there are reasons why gold and silver have been manipulated downwards.

and here is another something you seem to have missed.. usd is NOT money.. it is a currency. gold and silver IS money.... if you require more explanation of what is the difference between money and currency then obviously you need to do some research before you continue to make a fool out of yourself in the bitcointalk forum.

here's a trick question for ya:: is bitcoin money or currency ??

You sound like the Dilbert character called "Dick from the internet". He also says "you should do some research before you embarrass yourself like that again".



Why didn't you also follow Dick from the internet's example and give fisheater22 five links that are not as relevant as you think they are?

you are taking sides with fisheater22, as if he is the reasonable one.... hahahahahahahaha    

What a joke.  

On the contrary, if aztecminer is that guy from the internet who says "you should do some research before you embarrass yourself like that again" then he's FAMOUS. I'm an aztecminer fan, fisheater22 is just another bitcointalk member that nobody's heard of.

Everyone's heard of that guy from the internet who says "you should do some research before you embarrass yourself like that again".

[TERA]

Shills are people inserted by an agency.  These assholes are just serving their own self interests

[ChartBuddy]

Coin



Explanation

[suda123]

Shills are people inserted by an agency.  These assholes are just serving their own self interests

The ritual I do everyday is I visit about 4-5 bitcoin forums even in off topic forums, normally I try and identify the shills from those forums and gather up the information that indicates the price, it's usually the opposite.

Ill try and post images from my archive.

This was in August https://medium.com/@KawaiiHolocaust1488/5-reasons-why-not-to-buy-into-the-bitcoin-hype-e2842804428e


I'm starting to think it isn't china, maybe just the exchanges but that doesn't necessarily mean it's *chinese people*.

[suda123]

Anyone here noticed that China CCMFs? 

wat is dis