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

[adamstgBit]

AHAHHAHAHAHA

were all gana die!!!!!!!!!!

[JayJuanGee]

Wow. I do feel stupid. I believed in Bitcoin from the start. I got so thrilled, I forgot  the frigging human factor of greed and stupidity. Now we are looking at hard forks and alt coins confusing the public. The banks won. Fuck this shit. I will go and watch the movie Idiocracy, or just be amazed that there are people in this world voting for orange oompah lompas with huuuuuuge comb-overs... So selling most of my coins, keeping some in cold wallets, (just in case I am wrong), fuck this.

Another weak hand bites the dust.


Isn't that song by Queen?

[billyjoeallen]

I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.

A little background:  Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic.  Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all.  At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.

In our version,  Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin.  AGAIN, that may be literally true (if you accept that definition) but it won't matter at all.  The true definer of consensus is reality.  Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not.  Hashpower secures the network.

The man who commands the English army is the de facto King of England. The code that runs the Bitcoin network is Bitcoin code. This will be decided by the miners. 





 

[Oblodo]

Wow. I do feel stupid. I believed in Bitcoin from the start. I got so thrilled, I forgot  the frigging human factor of greed and stupidity. Now we are looking at hard forks and alt coins confusing the public. The banks won. Fuck this shit. I will go and watch the movie Idiocracy, or just be amazed that there are people in this world voting for orange oompah lompas with huuuuuuge comb-overs... So selling most of my coins, keeping some in cold wallets, (just in case I am wrong), fuck this.

Another weak hand bites the dust.


Isn't that song by Queen?

[Cconvert2G36]

F2Pool defects from the Blockstream-Suicide-Pact... bitcoin UP.

[Oblodo]

Still going to keep more coins than most on this forum owns.. So not all gone. Just venting a bit. Frustrating to watch this project having so many clowns.. The terminology "weak hands" is a bit childish. We are not playing poker. Some of us have invested a lot of time to this, and for me it has been my main source of income the last 3 years. I could still make huuuge, I mean huuuuuuuuuge sums of fiat, trading. I have done so in the past. I moved a lot of coin out of Gox, days before the end. Only a network error at work prevented me from moving them back. I am happy that happened. I only had pocket lint on Gox in the end. So I am carefull.

[Tzupy]

[adamstgBit]

I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.

A little background:  Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic.  Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all.  At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.

In our version,  Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin.  AGAIN, that may be literally true (if you accept that definition) but it won't matter at all.  The true definer of consensus is reality.  Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not.  Hashpower secures the network.

your ability to relate anything to bitcoin's current situation is amazing.


anyway,

i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original  if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.

"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"

[blunderer]

430... Too much; too soon.
I understand.

[adamstgBit]

I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.

A little background:  Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic.  Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all.  At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.

In our version,  Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin.  AGAIN, that may be literally true (if you accept that definition) but it won't matter at all.  The true definer of consensus is reality.  Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not.  Hashpower secures the network.

your ability to relate anything to bitcoin's current situation is amazing.


anyway,

i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original  if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.

"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"

i'll add that bitcoin being the backbone to a second layer, is still on the table with Classic, its simply that Classic recoingizes three things Core does not.

1) a miner block size increases to 2MB is valid as it is perfectly acceptable with today's network overlay "
2) there is no second layer yet
3) limited block space ultimately does not lead to higher fees for miner, simply less useage. ( you can sell pizza's for 1000$ by limiting the number of pizza you produce, it doesn't matter how tasty your pizza is )

[adamstgBit]

i

am

flipping

out.

[ChartBuddy]

Coin



Explanation

[bargainbin]

Your toilet's gonna overflow, RUN!

[LFC_Bitcoin]

Bitcoin Community On Brink Of Insanity:
https://www.cryptocoinsnews.com/bitcoin-community-on-brink-of-insanity/

[JayJuanGee]

Still going to keep more coins than most on this forum owns.. So not all gone. Just venting a bit. Frustrating to watch this project having so many clowns.. The terminology "weak hands" is a bit childish. We are not playing poker. Some of us have invested a lot of time to this, and for me it has been my main source of income the last 3 years. I could still make huuuge, I mean huuuuuuuuuge sums of fiat, trading. I have done so in the past. I moved a lot of coin out of Gox, days before the end. Only a network error at work prevented me from moving them back. I am happy that happened. I only had pocket lint on Gox in the end. So I am carefull.

Surely, the suggestion of "weak hands" is to communicate a perception, possibly even to suggest someone who is over invested for his/her own comfort level.. and your last post kind of came off in that way.

I don't see any reason to compete against anyone or to say, I have more coins than you, or I am smarter than you or everyone should do what I am doing... .. blah blah blah.


You are merely coming off as a bit emotional and over invested in claiming some kind of quasi-rage quit over ongoing bitcoin politics and happenings.  Surely, it does not hurt to pull a few coins off the table and even to diversify a bit in order to feel more comfortable on a personal level... and that's a personal choice.

You can be both long and short in an investment and you can hedge and you can increase or lessen your exposure to be more comfortable and even you can find some assets or investments in which you feel more comfortable in order to diversify a bit more.

I doubt that bitcoin has ever been a very comfortable investment, except when a person buys low and then unexpectedly the price goes up 10x or 100x and provides the investor with a sizeable profit cushion..    Some people claim that they are smart.. blah blah blah.. but frequently, they do not really know or realize the size of the explosion before it takes place... even very experienced and smart people and we are taking our chances in such predictions and attempts at predictions.  Otherwise, in bitcoin there has been ongoing price manipulations in a variety of ways (especially easier with a smaller market cap), politics and some of this competition for attention and manipulation in the space becomes more contentious because of some of the money and political interests in it, and the market cap remains fairly small (for now) and relatively easy to manipulate.. which is likely not going to change for some time into the future.

Yes, overall, you and others have become more and more frustrated, but I still think that there is a lot more of a glass half full situation in bitcoin at the moment rather than a glass half empty situation with decent upside potential.. but no matter what a need to spread out the risk and not to put all (or too much) of your eggs into the bitcoin basket is a good thing on a personal level.


So, yeah.. go ahead and pull some out, if that makes you feel more comfortable... whether you are right or wrong.. who really cares.  You are taking a risk and betting accordingly, and others in this space are also betting in various directions and degrees.... Some are going to be more correct than others, and in the end, it does not really matter that much as long as you are deciding for yourself or at least attempting to not overdo your investment in either direction in accordance with your own risk profile and view of the future. 

[JayJuanGee]

I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.

A little background:  Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic.  Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all.  At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.

In our version,  Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin.  AGAIN, that may be literally true (if you accept that definition) but it won't matter at all.  The true definer of consensus is reality.  Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not.  Hashpower secures the network.

your ability to relate anything to bitcoin's current situation is amazing.


anyway,

i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original  if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.

"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"

hahahahahaha...

Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about.

There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on.  hahahahaha



YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!

[JayJuanGee]

i

am

flipping

out.

The penquin needs to go take a nap...

[blunderer]

Still going to keep more coins than most on this forum owns.. So not all gone. Just venting a bit. Frustrating to watch this project having so many clowns.. The terminology "weak hands" is a bit childish. We are not playing poker. Some of us have invested a lot of time to this, and for me it has been my main source of income the last 3 years. I could still make huuuge, I mean huuuuuuuuuge sums of fiat, trading. I have done so in the past. I moved a lot of coin out of Gox, days before the end. Only a network error at work prevented me from moving them back. I am happy that happened. I only had pocket lint on Gox in the end. So I am carefull.

Surely, the suggestion of "weak hands" is to communicate a perception, possibly even to suggest someone who is over invested for his/her own comfort level.. and your last post kind of came off in that way.

I don't see any reason to compete against anyone or to say, I have more coins than you, or I am smarter than you or everyone should do what I am doing... .. blah blah blah.


You are merely coming off as a bit emotional and you can increase or lessen your exposure to be more comfortable and even you can find some assets or investments in which you feel more comfortable in order to diversify a bit more. I doubt that bitcoin has ever been a very comfortable investment, and over invested in claiming some kind of quasi-rage quit over ongoing bitcoin politics and happenings.  Surely, it does not hurt to pull a few coins off the table except when a person buys low and then unexpectedly the price goes up 10x or 100x and provides the investor with a sizeable profit cushion.. You can be both long and short in an investment and you can hedge and even to diversify a bit in order to feel more comfortable on a personal level... and that's a personal choice.

Yes, overall, you and others have become more and more frustrated, but frequently, they do not really know or realize the size of the explosion before it takes place...even very experienced and smart people, but I still think that there is a lot more of a glass half full situation in bitcoin at the moment rather than a glass half empty situation with decent upside potential.. but no matter what a need to spread out the risk and not to put all (or too much) of your eggs into the bitcoin basket is a good thing on a personal level.

Some people claim that they are smart.. blah blah blah..  whether you are right or wrong.. who really cares.  Otherwise, in bitcoin there has been ongoing price manipulations in a variety of ways (especially easier with a smaller market cap), and in the end, it does not really matter that much as long as you are deciding for yourself or at least attempting to not overdo your investment in either direction in accordance with your own risk profile and view of the future politics and some of this competition for attention and manipulation in the space becomes more contentious because of some of the money and political interests in it, and the market cap remains fairly small (for now) and relatively easy to manipulate.. which is likely not going to change for some time into the future.

So, yeah.. go ahead and pull some out, if that makes you feel more comfortable... and we are taking our chances in such predictions and attempts at predictions. You are taking a risk and betting accordingly, and others in this space are also betting in various directions and degrees.... Some are going to be more correct than others.  

+1

[Cconvert2G36]

Bitcoin Community On Brink Of Insanity:
https://www.cryptocoinsnews.com/bitcoin-community-on-brink-of-insanity/

Good ol' insightful Bram...






Dude's ego dismissed it at single digits. Now he wants to join forces with BS to control it at $430...

What a douche.

[marcus_of_augustus]

Wow. I do feel stupid. I believed in Bitcoin from the start. I got so thrilled, I forgot  the frigging human factor of greed and stupidity. Now we are looking at hard forks and alt coins confusing the public. The banks won. Fuck this shit. I will go and watch the movie Idiocracy, or just be amazed that there are people in this world voting for orange oompah lompas with huuuuuuge comb-overs... So selling most of my coins, keeping some in cold wallets, (just in case I am wrong), fuck this.

hmmm, JJG could be onto something here in that he has correctly identified the sentiment behind Oblodo's commentary, particularly the capitulation aspect of it ... if this means what I think it means then we are near the very bottom of the exhaustion phase of the grueling bear market, (even though bitcoin price has risen off the extended bottoming) the negative sentiment fostered by the trolls and hater-shills and socially-engineered division of the blocksize 'governance' debate have kept us moribund in bear market sentiment, and the fact that the price has still risen in face of such negativity means they haven't been able to keep it down and the true bull phase will be epic when it is unleashed after having been kept artificially down by price perception manipulations, and likely direct market manipulations ...

segwit will get taken up quickly after release in March-April and the hardfork to 2MB will get triggered earlier than mid-17 even with a 95% threshold, like Nov-Dec 16 I'm picking ... and the halvening is happening ~July whatever anyone's opinions.