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

[aztecminer]

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.

what we waiting on

[billyjoeallen]

Looks like Bitcoin Classic releases soon.  https://www.reddit.com/r/btc/comments/431us1/anybody_knows_when_classic_is_launching/

Waters seem muddy now on if the hardfork is going to actually happen (seemed imminent a few weeks ago).  Also - if the hardfork is good for bitcoin overall even if you fully believe 2mb blocks are a necessity seems muddier to me now than it did a few weeks ago.  

Expect a bunch of technobabble objections to whatever gets released.  Smallblockers only need ~30% hashpower to effectively veto any upgrade.  A tie is a loss, so this is still very much up in the air. 

A hard fork is absolutely necessary. At some point, we will need to raise or eliminate the 1 MB cap in order for Bitcoin to continue to grow.  It may not grow if another cryptocoin takes top spot, which is an inevitability  with 1MB blocks. Somebody wants that to happen and may be running a rough consensus attack against us now. So if we must have a hard fork, and I believe we do, we need to do it as soon as possible because it will only get messier and harder to do as time passes.

[aztecminer]

Who has been holding from $502, $475, $465, and $428? 

When are you gonna sell? at $350? 300? 200?

Price can't go up because transaction volume can't go up. It's that simple, so unless you know about some secret deal between core, nodes and miners to increase capacity, enjoy watching the value of your holdings slowly deteriorate.

You are a fucking jerk when you spin and threaten with your exaggerations.

Grow up. We have a responsibility as bitcoin owners. It's not enough to just hodl. When our network is being managed poorly, we as stakeholders need to speak up and if the core maintainers don't listen, we have to communicate in a way that will get their attention. We have to dump, because if the price doesn't go down, miners have no incentive to help implement a scaling upgrade.

Thank you to everyone who dumped. I'm sorry it was necessary and to be honest more dumping may be necessary because Core seems to have a tin ear.  Even the miners want to upgrade, but they are too terrified of a controversial hard fork. So, we have to give them something worse to be terrified of. Aaalrighty then. We can do that.

I like the way you edited out the remainder of my earlier post  (NOT)...


Anyhow, you are fabricating duties, and just on some bullshit mission of destruction.

There is no duty to dump...


And, you are making out this scaling problem to be much greater than it is.


There is no emergency, there is no sabotage from core.  The only sabotage are from goofballs like you, whether you are paid shills or just misinformed or evil in other ways.

The way to build bitcoin is to work together and to propose various solutions and to attempt to convince in constructive rather than destructive manners....
 

juangee.. u should stop spreading false rumors that nothing is wrong with bitcoin.

[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.

what we waiting on

That's why i used the term "gradual". It takes time for the dumb money to catch on. 

[ChartBuddy]

Coin



Explanation

[barbs]

One thing is sure it's going to be a helluva ride. Can't wait popcorn time

[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]

Coin



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?