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

[aztecminer]

I'm smarter than you. If you don't agree, keep pumping and prove me wrong. If you can.

Yeap, that cold storage bag gettin' him a little agitated. 

You mean the cold storage I bought @ $10? Yeah, I'm really agitated it's currently worth 3600% more than I paid for it. 

I don't care if I'm the bad guy. Somebody has to be or the story is really boring. If it doesn't scale, my coins are for sale (at the right price, of course).

Bitcoin will scale. If everyone else gives up on it and the price drops, I will learn how to program and take over as Chief Scientist and raise it from the dead. But I'm betting others will do that before me.

no need to worry. we got BitcoinPure releasing soon!

[Elwar]

So is Bitcoin Classic just Bitcoin Core with a 2Mb blocksize limit or are there other changes like Hearn's XT with blacklist snuck in?

[madmat]

So is Bitcoin Classic just Bitcoin Core with a 2Mb blocksize limit or are there other changes like Hearn's XT with blacklist snuck in?

Only core with a 2MB blocksize limit and code for activation.

At start, it supports only 1MB blocks and when 750 out of the last 1000 blocks do have the right versionbits, hardfork is activated. Then, there is a 4 week grace period so everybody has the time to update its node and then we could have the first big block.

[DieJohnny]

this idea of voting for how bitcoin evolves is insane.... bitcoin's biggest problem is we don't have a legit leader replacement for satoshi..... we need a galvanizing visionary that can lead devs and the community alike.

Will the real satoshi please stand up.

[HydroThunder]

Anyone that thought 2016 was going to be boring was sure as hell wrong. Bring on the drama

[billyjoeallen]

this idea of voting for how bitcoin evolves is insane.... bitcoin's biggest problem is we don't have a legit leader replacement for satoshi..... we need a galvanizing visionary that can lead devs and the community alike.

Will the real satoshi please stand up.

This is the free market, Dude. We vote with our wallets. Be the leader you want.

[barbs]

Should have bought Facebook stock instead of bitcoins

[HydroThunder]

Should have bought Facebook stock instead of bitcoins

should have bought real^TM land on mars instead

https://www.buymars.com/

[billyjoeallen]

Should have bought Facebook stock instead of bitcoins

Because of the historic enmity between Zuckerberg and the Winklevi, I consider MZ prime suspect in the rough consensus attack. He has the means, motive and opportunity to pull it off. If he is the culprit, Bitcoin Classic is going to face an uphill battle.

[ChartBuddy]

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Explanation

[Richy_T]

Should have bought Facebook stock instead of bitcoins

Because of the historic enmity between Zuckerberg and the Winklevi, I consider MZ prime suspect in the rough consensus attack. He has the means, motive and opportunity to pull it off. If he is the culprit, Bitcoin Classic is going to face an uphill battle.

Nah, he's too busy monetizing your personal data and swimming through huge piles of cash Scrooge McDuck style.

[billyjoeallen]

Should have bought Facebook stock instead of bitcoins

Because of the historic enmity between Zuckerberg and the Winklevi, I consider MZ prime suspect in the rough consensus attack. He has the means, motive and opportunity to pull it off. If he is the culprit, Bitcoin Classic is going to face an uphill battle.

Nah, he's too busy monetizing your personal data and swimming through huge piles of cash Scrooge McDuck style.

Personal data that can be used to orchestrate a PsyOps campaign.  I'm not saying I know he's guilty. I'm not even saying for sure there is an ongoing rough consensus attack.  I'm just saying as an econogeek, that incentives have enormous explanatory power.

[Meuh6879]

BUY ORDER

https://www.youtube.com/watch?v=Bs_a9plX9xA

[JayJuanGee]

So kiddies, let's review:

What are the elements of a four punch raid?

Crash (to $352)? check
Bounce? check
pause? check
Spike (to $428)? check
second bounce (at $371)? check

so what's left? oh, that's right. A gradual loss of all upward momentum leading to the next crash.

I really don't want to have to strap on my moon suit but i usually trade against whatever sentiment is in this thread.

Now i'll have to buy!

You're welcome to borrow my fiat to buy on margin. I think there's still a little left at ~40% APR.

suckers.

What's the point of the insult? Bitch.

Do I have to fucking spell it out? I'll try to use small words so you morons can understand. I make money no matter which way the market goes because there is ~$25 Million in margin longs on BFX all the time. That jacks the dollar funding rate to 5-10X the BTC lending rate.

The only risk I have to worry about is BFX disappearing with all my money, and traders have that same risk in addition to exchange rate going against them.

It's not a generic insult. It's a specific insult to people who don't know how to trade but worse than that think there isn't anything to know that they don't already know. I can deal with stupid peoiple. I do it all the time every day. What is most unpleasant to deal with is stupid people who don't know they're stupid. Those are the people I really enjoy watching suffer.

It wasn't an accident that I got in in 2011 and you didn't. I'm smarter than you. If you don't agree, keep pumping and prove me wrong. If you can.

You are wrong all the time, especially recently since you have been preaching to sell since about $250.

Of course you have come around a few times to admit upward momentum, but you have been denying upward momentum since about $250. Helrow?

[ChartBuddy]

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Explanation

[billyjoeallen]

So kiddies, let's review:

What are the elements of a four punch raid?

Crash (to $352)? check
Bounce? check
pause? check
Spike (to $428)? check
second bounce (at $371)? check

so what's left? oh, that's right. A gradual loss of all upward momentum leading to the next crash.

I really don't want to have to strap on my moon suit but i usually trade against whatever sentiment is in this thread.

Now i'll have to buy!

You're welcome to borrow my fiat to buy on margin. I think there's still a little left at ~40% APR.

suckers.

What's the point of the insult? Bitch.

Do I have to fucking spell it out? I'll try to use small words so you morons can understand. I make money no matter which way the market goes because there is ~$25 Million in margin longs on BFX all the time. That jacks the dollar funding rate to 5-10X the BTC lending rate.

The only risk I have to worry about is BFX disappearing with all my money, and traders have that same risk in addition to exchange rate going against them.

It's not a generic insult. It's a specific insult to people who don't know how to trade but worse than that think there isn't anything to know that they don't already know. I can deal with stupid peoiple. I do it all the time every day. What is most unpleasant to deal with is stupid people who don't know they're stupid. Those are the people I really enjoy watching suffer.

It wasn't an accident that I got in in 2011 and you didn't. I'm smarter than you. If you don't agree, keep pumping and prove me wrong. If you can.

You are wrong all the time, especially recently since you have been preaching to sell since about $250.

Of course you have come around a few times to admit upward momentum, but you have been denying upward momentum since about $250. Helrow?

Liar! I have been saying that there shouldn't be upward momentum, but I never denied that there was.  I am constantly overestimating my fellow bitcoiner's intelligence. Momentum is largely calculated by watching the moving averages. I am not a master trader. That's why I mostly lend out my coins and fiat rather than trading them.  I am learning. What I am not doing, is risking more than I can afford to lose. I am not risking any margin calls. I am not blindly trusting that the blocksize issue will go away or be resolved easily by good-hearted people who have unselfish motives and wisdom.  I am not an idiot. I am not you.

[barbs]

I must say i believe the situation is not critical and far from dire.

A medium sized whale, such as the Narwhal (aka Narhwale) the "unicorn of the sea" can easily turn this situation around.  IF you know anything about the Narhwhal (Monodon monoceros) it has a large tusk growing from a canine tooth - perfect for piercing 250-300BTC walls.  While the narwhal is threatened by global warming it is not yet extinct.  While trading in the narwhal's waters - watch out for it's sounds - it uses "click trains" or an echo to identify prey and locating poorly placed orders at short distances.  

I am sure we will see the Narwhal in action soon - when it comes to escaping predators narwhals typically use prolonged submergence to hide under the ice rather than relying on speed - the recent sharp drop is well within the narwhal's range. In the winter it lives under deep packs of ice and makes very deep dives to remain safe from predators however at current price levels we are now the narwhal's habitat.  

Despite these deep dives, as it is a mammal and needs oxygen to breathe, often times during the winter when the ice of the arctic waters are too thick, the Narwhal will suffocate.  Therefore the Narwhal is vulnerable to very large ask walls; it has to be very careful when choosing its habitat and avoiding predators in deep waters to be able to resurface from time to time in order to survive. But it will always need to come up for air from deep waters. So i believe it can take us back to 400$ and beyond.

I believe the current condition of the order books are ideal for the narwhal and he will no suffocate under the ask walls on bitstamp and with his canine tusks will save us and will save bitcoin.

[JayJuanGee]

i had a large portion of LTC bought at 0.68 sold at 0.50, i just checked the price and if i had been holding on my LTC and bought some dash, i would have probably made 9 times the investment i did at that time. but oh well, all i am happy with is that ive got my investment back with some profit and i am now in a better position than i was 5days ago with all the nail biting thing going on.

Probably the more alts you attempt, the more complicated it gets to juggle them around and to get the timing right.  I have never been too excited about alts, and I have not had too much luck with them.  Sometimes, it may be better to just take a loss, if you are having difficuliies keeping up with them, and sometimes they seem so cheap, but then you can still lose a lot of money on them when they go from $1 to $.13...

i will buy again, for sure i will. once i see a slight improvement in the price traction moving up, as slight as it might be, i seize the opportunity and buy as much as i can afford.

but as long as no solution is found for the current problem and stakeholders do not fear the price going way down it is now, i dont see any improvement happening until March-April.

the price might reach under $300 but it will rise again. the name, the fame will make it rise again. but not now. it will take time.

Once you cash out at a profit, the you can do whatever the fuck you want with those profits to reassess the market.  I had a friend that made the mistake of thinking that she needed to buy lower than her sell point... but that is fucked up thinking (especially since she, like you, had made more than $100 per BTC).  I think now she realizes that her profits were already realized in dollars, and she does not need to be able to increase her BTC.  All she needs to do is to decide how to employ those dollars and whether she believes the price is going up or down... and to decide at what point and how much to reinvest back in when feeling reassured that the downward potential is less likely (and of course, at that point reassessing the amount that she wanted to reinvest because she does not need to use the whole proceeds for reinvestment, and may decide to only reinvest 10% of the proceeds or some other amount that she deems to be prudent).

[JayJuanGee]

The price didn't dropped below ~$377 for the 3th time, very strong resistance.

We coud be hanging in this range for the comming weeks and then a pump to $500-$600.

this is "self motivation", you know it wont rise to $500 soon.

None of us really know the short term direction of the price, and each of us assess probabilities differently.

For example, you, nor9865, may assess the BTC price market as being 60% down, 40% up and .0001% likely of over $500 in the next 3 months.

Maybe Passhaas has a different assessment, that may be somewhat reversed of yours  for example :  10% down, 90% up and 5% likely of over $500 in the next 3 months.

And, there can be all kinds of variations of these prediction probabilities that individuals assess, and then a question continues regarding how do we best reflect our own individual assessment of probabilities into our investment strategies, and accordingly, what is our time line for such and how often do we believe that we have to reallocate our own personal BTC portfolio in order to match our view of probabilities. 

Just because you sold half of your stash doesn't mean that others should come to a similar assessment regarding what the action that they should take at this point or their view about future probabilities should be affected by your action(s).

[ChartBuddy]

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