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

[Morecoin Freeman]

I just now notice that user tarmi has finally died from shorting bitcoin.

He got rekt and sold his account. Can't win.

[JayJuanGee]

afaik (chinese) miners are determined to HF to 2MB. so i dont see is as "inevitable" but i expect it to happen.

It would be interesting to see your source for this.  

mostly IRC

Surely there may be some discussion of various hardfork possibilities, but when push comes to shove, there seems to be no need for a hardfork, if a very large majority are already inclined to agree to the change from 1mb to 2mb (if that is what you are talking about).

HF doesnt mean two competing forks. its just means to hardcode 1MB -> 2MB at block number xyz. even if we have 100% consensus we will have to HF

Well if consensus is nearing 100%, then it would not really matter whether the implementation is done via softfork or hardfork, and possibility in the near 100% scenario, a hardfork would be better because it would be quicker and everyone agrees.

[BlindMayorBitcorn]

If I want to talk about smart contracts do you think I have to go to altcoin discussion?

Isn't that going to be more technologically practical on bitcoin (rather than an alt) after the implementation of Seg wit?

We've been together long enough now that you should know technical questions are beyond my ken, as it were. But I think CLTV is a more important feature for smart contract type thingys. I made a thread about it that got shuffled around a lot. Feel free to contribute.

I also made a thread about criminal smart contracts. No ideas so far.

[JayJuanGee]

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What is it with you & negative space?

Wow.. that's pretty cool to assert that my posts have




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hahahahahaha   



I don't really have an answer for you at this time because I find your post to be a bit ambiguous in what you are asking.   

[ChartBuddy]

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Explanation

[JayJuanGee]

If I want to talk about smart contracts do you think I have to go to altcoin discussion?

Isn't that going to be more technologically practical on bitcoin (rather than an alt) after the implementation of Seg wit?

We've been together long enough now that you should know technical question are beyond my ken, as it were. But I think CLTV is a more important feature for smart contract type thingys. I made a thread about it that got shuffled around a lot. Feel free to contribute.

I also made a thread about criminal smart contracts. No ideas so far.

I don't really know too much about some of the technical applications either, so I rely on various representations from others.

I made my earlier post because I thought that some credible technical people (I cannot recall exactly where I saw it) were asserting that segwit brings a lot to the table, including (hypothetically) making it more feasible to absorb ethereum as a side-chain (if that were a potential goal of bitcoin to add such utility).

Anyhow, I thought that seg wit, to some extent, allowed the separation of some of the more secure (financial) aspects of bitcoin from the aspects of bitcoin that is not as necessary to be so secured in an immediate way... thus some smart contracts etc could be on the non financial side of bitcoin's chain, once seg wit is implemented and various technical bridges are built upon it.


I will look at your threads, too.  I'm not sure about today, because I have some valentine (whatever) obligations that may distract me a bit from getting to it.  hahahaha

[BlindMayorBitcorn]

[billyjoeallen]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.   


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.     

However, I understand when you a guy is dealing with fictitious coins, he really doesn't ever run out of coins.


On the other hand, if you do happen to have some coins, and you really are selling them as you claim, then I can imagine you sticking around the forum, after you have run out of coins and while BTC prices go past $450 and then $600 and then $800 and further into the $2k to $5k price arena, and then you will continue to participate to attempt to talk down BTC prices in order that you would be able to get back in at a lower price than your sell prices in the $200s to $400s.  And, when prices drop from $3800 to $1800, you will stick out your tongue and proclaim that you were right all along. blah blah blah.

I remember, not that long ago, you were supposedly selling considerable amounts of BTC while the prices were below $280 and arguing that BTC prices were going down?  but that strategy did not go too well, right?

Ponzi schemers were responsible for the pump. I didn't anticipate that.  Yeah, I got a lot of coins because I started buying them when they were six bucks.  That's why the chart that concerns me most is the big picture chart. The five year logarithmic chart that went from an uptrend to sideways.  These small fluctuations are just noise, but something clearly has gone wrong with the macroscopic trajectory.   

[aztecminer]

Aztecminer likely sold his account to a shill.  A year ago he was bullish and a active miner.

nope still me... i went bearish due to manipulators "punishing' people .. i'm still HODLing all my mined coins in cold storage... i am all cash on exchanges cuz i wont buy these inflated desperately pumped prices.. as soon as i do the manipulators would "punish" me by crashing the price... i dont need more coins.. i will trash talk cuz they are FRONTIN like they have power when really the are #paralyzed #GimpedCoin

yeah u really got us good that time with the $30 PUMP! ... whatever u do.. dont pump it more we wont know what to do we will keep HODLing!............ lol .

sorry @GimpTards .. i got a hot date tonight.. gotta go! #GimpedCoin

[JayJuanGee]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.   


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.     

However, I understand when you a guy is dealing with fictitious coins, he really doesn't ever run out of coins.


On the other hand, if you do happen to have some coins, and you really are selling them as you claim, then I can imagine you sticking around the forum, after you have run out of coins and while BTC prices go past $450 and then $600 and then $800 and further into the $2k to $5k price arena, and then you will continue to participate to attempt to talk down BTC prices in order that you would be able to get back in at a lower price than your sell prices in the $200s to $400s.  And, when prices drop from $3800 to $1800, you will stick out your tongue and proclaim that you were right all along. blah blah blah.

I remember, not that long ago, you were supposedly selling considerable amounts of BTC while the prices were below $280 and arguing that BTC prices were going down?  but that strategy did not go too well, right?

Ponzi schemers were responsible for the pump. I didn't anticipate that.  Yeah, I got a lot of coins because I started buying them when they were six bucks.  That's why the chart that concerns me most is the big picture chart. The five year logarithmic chart that went from an uptrend to sideways.  These small fluctuations are just noise, but something clearly has gone wrong with the macroscopic trajectory.   

Each of us can look at the same charts, and it doesn't matter if you have been in since $6 or since $395 a few minutes ago.

You conclude that something has gone wrong, but that certainly is not a universal conclusion, and I doubt that you even believe such conclusion, yourself - instead maybe whoever is paying your wants you to say such.

People bet up, down, sideways and a lot of variations of such, and surely there are a lot of more ways to bet, currently, as compared with 5 years ago, or even two years ago.

There are way more ways to get in and to get out and adoption is increasing like a mo fo, and infrastructure is increasing decently, and certainly computing power is out of this world, and you would have never really predicted such level of investment into bitcoin.

Also, governments are a lot less hostile than anyone would have anticipated several years ago.  Apparently, they are much more indirectly hostile than they are directly hostile, which allows for some attempts to figure out spaces to manuever within the decentralized space and to continue to expand without internally destructing.   Looks pretty decent at the moment, even though we may be experiencing a lot of ups and downs on the way to the new ATH  and delays etc etc... whether we reach new ATHs in this year or within the next few years, at the moment, bitcoin seems to have a pretty decent foundation... including having various inputs and considerations regarding current and future scalability issues.

[adamstgBit]

[ChartBuddy]

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Explanation

[adamstgBit]

[adamstgBit]

i like posting pics it brightens up the pages. 

[adamstgBit]

and market is ( or was at least ) pricing in this Mage FUD   buy buy buy!

[BlindMayorBitcorn]

<snip city>

Also, governments are a lot less hostile than anyone would have anticipated several years ago. Apparently, they are much more indirectly hostile than they are directly hostile , which allows for some attempts to figure out spaces to manuever within the decentralized space and to continue to expand without internally destructing.   Looks pretty decent at the moment, even though we may be experiencing a lot of ups and downs on the way to the new ATH  and delays etc etc... whether we reach new ATHs in this year or within the next few years, at the moment, bitcoin seems to have a pretty decent foundation... including having various inputs and considerations regarding current and future scalability issues.

The GCHQ is paying people like me to come up with outlandish user names and post tripe. I'd say that's pretty directly hostile.

i like posting pics it brightens up the pages. 

Someone has a copy of the playbook.

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

"on the cusp"?

We're on the cusp of Deez Nuts.  We ain't on the cusp of shit except fullblockalypse.

[JimboToronto]

We ain't on the cusp of shit except fullblockalypse.

LOL 

[solitude]

and market is ( or was at least ) pricing in this Mage FUD   buy buy buy!

Mage FUD?  Since when is the CEO of Coinbase a Mage?  Is this World of Warcraft?

And what exactly is FUD about what he said?  I'm no coinbase shill, I hate the company, but what he's saying is right.

Why the fuck are we still at 1mb blocksize?  Why are there so many FUDsters and SHILLS on the CORE side?

I stopped mining about a year about because I'm not a chink with free electricity, but I started running a classic node yesterday.

Fuck these Core Cocksuckers and their bankster special interests (and fuck theymos with a giant black dildo while we're at it, im sure his asshole's circumference is the size of a meteor crater anyway)




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