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

[bargainbin]

...
 "640 k ought to be enough for anybody." - Bill Gates, 1981 never

LOL

FTFY. Because even funnier when everyone repeats shit he never said.

[BlindMayorBitcorn]

...
On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack.

 

Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running.
Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc

This is a very strange experiment.

If I had the money I’d probably do it just for sport. And I like Bitcoin.

[ChartBuddy]

Coin



Explanation

[gentlemand]

^Take comfort in the fact that this is all just Ethereans crashing out. It will be over before you know it.

Hasn't the overwhelming majority of the trading been eth/btc and nowhere near the main usd or one single Chinese exchange? In that case they're happily sat in BTC and not buying any more.

[valta4065]

...
On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack.

 

Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running.
Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc

This is a very strange experiment.

If I had the money I’d probably do it just for sport. And I like Bitcoin.

Well I understand you but... it would take so much effort ^^
But you would actually control bitcoin and that would be crazy cool... The end of it would be that it would just kill bitcoin though!

[BlindMayorBitcorn]

^Take comfort in the fact that this is all just Ethereans crashing out. It will be over before you know it.

Hasn't the overwhelming majority of the trading been eth/btc and nowhere near the main usd or one single Chinese exchange? In that case they're happily sat in BTC and not buying any more.

IDK. Probably?

I'm more worried about 51% attacks today. The halvening could mean doom. Isn't it?

...
On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack.

 

Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running.
Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc

This is a very strange experiment.

If I had the money I’d probably do it just for sport. And I like Bitcoin.

Well I understand you but... it would take so much effort ^^
But you would actually control bitcoin and that would be crazy cool... The end of it would be that it would just kill bitcoin though!

I know.

[JayJuanGee]

going over 420 will inevitably lead to new highs, my best guess is 760 within 3months, but breaking 420 has some technical significance,and so...

THE NEXT 24HOURS ARE CRITICAL

I'd like to say that you're crazy as hell... But last time I said that you were right so xD

Yeah, that surely would be quite a bit of price appreciation within three months.  I'm not quite that bullish, at the moment.


I get the sense that the current price rise is going to allow people to realize that the downward price pressure from the Hearn FUD and related blocksize and fork FUD have been greatly exaggerated - though these FUDsters are likely not going to be giving up any time soon in their spreading and attempts at spreading the bullshit.

So, maybe we are going to have a bit more lingering between $400 and $650-ish.

I am inclined to believe that within the next three months, we could get enough upwards price momentum to break through $467 and then to break through $502  and those break throughs will likely bring prices into the mid-$600's territory...   Accordingly, we are going to likely need to take a bit of a break in the $600s and maybe even revisit the $400s after visiting the mid $650s.

 The next stage will allow us t0o visit the $760s and beyond.. and I am a bit puzzled about what could happen in that $760s arena... because once prices begin to approach $800, there is going to likely be enough momentum to take prices into new ATH levels of $3k to $5k... yet I remain a bit uncertain regarding how long it is going to take to be able to move into the mid-$700s and even breaking into the $800s that will likely cause such upward price momentum to shoot well past the previous ATH price arena.

[gentlemand]

I'm more worried about 51% attacks today. The halvening could mean doom. Isn't it?

I don't really get why a bunch of clapped out miners covered in dead spiders, dust and snot could compete with a mountain of gleaming new machinery, but if it gets you through the day then I fully support you.

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

I'm more worried about 51% attacks today. The halvening could mean doom. Isn't it?

I don't really get why a bunch of clapped out miners covered in dead spiders, dust and snot could compete with a mountain of gleaming new machinery, but if it gets you through the day then I fully support you.

You always know how to make me feel better.

[JayJuanGee]

I miss lambie. He was a class act.

Well, maybe it's all relative.... Lambie was annoying as well, but you fatty seem to be suffering from false memory nastalgia.... hahahahaha

 

Wtf are you guys talking about? Bargainbin and blunderer or whatever is NLC ,so he is still here (or am I losing it?)

I was trying to shut down a spamming nazi psycho. Idk what JJG was doing. Don't think he knows either.

Fair enough regarding attempting to shut down Solitude.... Solitude was getting a bit irritating, as you stated...

But I was asserting that Lambie was also annoying whether it was the original Lambie or the various sock puppet Lambies.

I have no real problem with a bit of trolling and a bit of fun and off topic here and there, but when it becomes apparent that some poster is on a mission to undermine and clog the thread (such as Lambie), to me it doesn't really matter that much, anymore, that s/he / it comes off as a kind of gentleman troller. 

It's kind of like Stolfi... sure, he is a nice admitted troller, but sometimes the willful spinning of information becomes very irritating and shows that he is in the process of just spreading misinformation.   Yeah, Stolfi is not as bad as Lambie, but Lambie's "classiness" was not exactly good for the overall trolling and distracting outcome.

[BlindMayorBitcorn]

This Time Bitcoin's Price Increase is Both Logical and Sustainable

 

[marcus_of_augustus]

I'm more worried about 51% attacks today. The halvening could mean doom. Isn't it?

I don't really get why a bunch of clapped out miners covered in dead spiders, dust and snot could compete with a mountain of gleaming new machinery, but if it gets you through the day then I fully support you.

... he lives on FUD, it is his main diet, laps it up, wallows in it like a FUD slug in muck, take away his FUD and he dies. Born into FUD.

[BlindMayorBitcorn]

^That's a half-truth.

My original post was actually a verbatim quote from the Rootstock white paper.

Here it is again: On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack.

https://www.reddit.com/r/Bitcoin/comments/3vg06a/official_release_rootstock_white_paper/

So take it up with them^

Also:

Ok truce.

Now if all the big block governance coup lusers can stop posting their ill-informed drivel about technical matters and development ... then they can get back to work on communications, lobbying politicos, PR junkets, associated marketing hype and those other things they are good at to push bitcoin favourably would be good.

I thought we had a truce?

[oggy932]

^Take comfort in the fact that this is all just Ethereans crashing out. It will be over before you know it.

Hasn't the overwhelming majority of the trading been eth/btc and nowhere near the main usd or one single Chinese exchange? In that case they're happily sat in BTC and not buying any more.

The Poloniex, Kraken, and Gatecoin BTC markets have been the highest volume ETH market today. The majority of ETH trading is in BTC not fiat. Most of the ETH traders will be riding the waves, selling the highs and buying the lows on the way back down, they won't want to sell their BTC for fiat when they can double up.

[JayJuanGee]

It's going back up! Come on, Adam. It's only four bucks.

na

i gata go to bed if i bet 4$ i will stay up, and my girl will be sad, and thats just no good for me.


but hey $4 says >412.5 by morning, take it or leave it.

you've made $2 so far, why not bet $4

i really gtg,

let's make a few more bets on some 2hr candles or somthing tomorrow, it's fun!

Why the hell not? You've been a good sport, so ok.  deal.

GOOOOOD morning
 

yeah, you won your two bucks back. Congratulations.  We're even.

ok now...

300$ says every single month price will be > then the previous month for the next 10 years.

That's a dumb bet...   

You are sure to lose that one., maybe even in less than one year.

Don't you know bitcoin?  Bitcoin, overshoots frequently.

[BlindMayorBitcorn]

No one wants to comment the price and the fact that we're pushing this fucking red cliff hard?

Vitalik, along with other investors will need to make regular dumps to sustain development. The warning sign was all the spam we were seeing promoting ether and indicating a manipulated pump occurring to prepare for the dump. It will be interesting to see what Sergio Demian Lerner turing complete scripting softfork for bitcoin does to ethereum as well. It won't directly compete with Ethereum abilities but make much of it redundant and unnecessary.

Wait. Wat??

I thought this was a bad idea?
https://bitcointalk.org/index.php?topic=431513.20

Too long in this shit to see hype and pump pretty clear...ETH is still in alpha...there was no reason for the price increase except pure speculation

I don’t understand how a Turing complete scripting language can be implemented in Bitcoin. Smart contracts will burn Ethers to avoid looping. How will Rootstock handle it?

I know this now. This is being implemented as a sidechain. So you'll be burning Roots, or whatever.

[Morecoin Freeman]

Just feel like pointing out this will still not go up forever so billyjoeallen might survive.
My advice: close you short in the 390's. Probably the best price you will get before we see higher prices again.

[bargainbin]

I'm more worried about 51% attacks today. The halvening could mean doom. Isn't it?

I don't really get why a bunch of clapped out miners covered in dead spiders, dust and snot could compete with a mountain of gleaming new machinery, but if it gets you through the day then I fully support you.

But these aren't a bunch of miners "covered in dead spiders," these are production gear that will be highly profitable right up to the moment of the halvening. These are majority of current hashpower, which isn't coming from the latest/greatest.
The reward halving is an abrupt, traumatic event: If it costs your mining farm ~13 BTC, all said and done, to mine a block now, you're making st00pit money -- a hair less than 50% pure profit.
Come the halvening, suddenly you're making ...well, you're LOSING money
Therein lies the rub.

[DaveJones]

Going back to the future:

https://i.imgur.com/x33dCUs.png