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

[julian071]

dude. why can't you just relax? it doesn't have to be some confrontation. what's going on here?

Thanks for your input man, I for one found it interesting.

[Spaceman_Spiff]

Are we repeating 2013?

Does the June rise look fractally similar to April 2013? (also the course of the chart since that high look similar to me)

 ... July 09 2016-Nov. 2016 broadly lines up with post-halving behaviour for Nov. 28 2012 - March 2013, call it a definite maybe for now.

it would be epic...

best christmas ever?

Might take a bit longer this time. I definitely foresee epicness in the near future though.  Would feel more at ease if segwit wasn't being opposed though.

[calme]

dude. why can't you just relax? it doesn't have to be some confrontation. what's going on here?

Thanks for your input man, I for one found it interesting.

cheers 

[JayJuanGee]

dude. why can't you just relax? it doesn't have to be some confrontation. what's going on here?

You only see the matter as a "confrontation" because you cannot back up your stupid-ass misinformation ideas, that only become more apparently "stupid-ass" after it is revealed that you are either unwilling or unable to back them up.

[calme]

dude. why can't you just relax? it doesn't have to be some confrontation. what's going on here?

You only see the matter as a "confrontation" because you cannot back up your stupid-ass misinformation ideas, that only become more apparently "stupid-ass" after it is revealed that you are either unwilling or unable to back them up.

Well I thank you for being my guiding light. I was wrong but you were there to make it all better.

[toknormal]

The 1-week Bitcoin/$USD chart correction is nearing completion. That chart range started correcting around the end of July when the big dump-down from the 5180 Hobular high occured.

That correction also painted the handle onto the humungous 3-year cup and handle formation thats been forming since the 2013 China-driven $1200 ATH.

The timing of events seems to be pointing to a perfect storm towards the end of the year, possibly consisting of Lightning Network arrival, Segwit, BTC Developer & mining consensus putting previous confrontations to bed and an array of chart technicals going green. Things would then be in place for the Wrinklyboss ETF to turn up and light the touchpaper on the tinder pile.

[JayJuanGee]

dude. why can't you just relax? it doesn't have to be some confrontation. what's going on here?

You only see the matter as a "confrontation" because you cannot back up your stupid-ass misinformation ideas, that only become more apparently "stupid-ass" after it is revealed that you are either unwilling or unable to back them up.

Well I thank you for being my guiding light. I was wrong but you were there to make it all better.

Well, I try; however, based on the tone of your last couple of responses, I have considerable doubts about whether anything AT ALL sunk into your seemingly bordering on thick passive aggressive skull.       

[calme]

Well if the Chinese measurement system didn't dominate the market, I doubt it would seem thick. But I don't know.

[Fakhoury]

The 1-week Bitcoin/$USD chart correction is nearing completion. That chart range started correcting around the end of July when the big dump-down from the 5180 Hobular high occured.

That correction also painted the handle onto the humungous 3-year cup and handle formation thats been forming since the 2013 China-driven $1200 ATH.

The timing of events seems to be pointing to a perfect storm towards the end of the year, possibly consisting of Lightning Network arrival, Segwit, BTC Developer & mining consensus putting previous confrontations to bed and an array of chart technicals going green. Things would then be in place for the Wrinklyboss ETF to turn up and light the touchpaper on the tinder pile.

My dear friend, Toknormal, do you see a possibility in passing the ATH or even $1K mark before the new year's eve ?

[dumbfbrankings]

...do you see a possibility in passing the ATH or even $1K mark before the new year's eve ?

Only if the Chinese miners continue in their efforts to unblock the stream.

There is hope yet, my brother.

[Biodom]

^^ are you a programmer? If yes, OK, I will listen. If it is just describing "our group" vs "their gang", sorry, not interested.

[mymenace]

...do you see a possibility in passing the ATH or even $1K mark before the new year's eve ?

Only if the Chinese miners continue in their efforts to unblock the stream.

There is hope yet, my brother.

with competition building its gonna make it tough

big banks make their first trade on their new blockchain

http://www.reuters.com/article/us-australia-tech-banks-idUSKCN12O0DX?utm_campaign=trueAnthem:+Trending+Content&utm_content=580da49104d3012d0cf03f7e&utm_medium=trueAnthem&utm_source=twitter

[JayJuanGee]

Well if the Chinese measurement system didn't dominate the market, I doubt it would seem thick. But I don't know.

Yes, the one thing that you happen to be correct about is the part where you say:  "I don't know."

[toknormal]

with competition building its gonna make it tough

big banks make their first trade on their new blockchain

That isn't "competition". All they've done is build a conveyor belt for fiat. "Blockchain tech" isn't worth nothin - any man and his dog can build a network using "blockchain tech" to carry stuff around the place.

What they can't do is attract 2 Million Terrahashes of decentralised computing power to the point that that blockchain's tokens become a monetary unit in their own right, independent of any trusted third party backer or sovereign currency denomination.

[mymenace]

with competition building its gonna make it tough

big banks make their first trade on their new blockchain

That isn't "competition". All they've done is build a conveyor belt for fiat. "Blockchain tech" isn't worth nothin - any man and his dog can build a network using "blockchain tech" to carry stuff around the place.

What they can't do is attract 2 Million Terrahashes of decentralised computing power to the point that that blockchain's tokens become a monetary unit in their own right, independent of any trusted third party backer or sovereign currency denomination.

you are exactly right, but everyone will be using it, as all fiat will go across this blockchain

making it probably the biggest blockchain on the planet by the time it is operational

does not compete with bitcoin I know for trust, but mum and dad may not..

[toknormal]

you are exactly right, but everyone will be using it, as all fiat will go across this blockchain

I doubt it.

If you operate a backed currency you're far more efficient using a secure SQL server as the banks will soon find out to their cost once the "we're blockchain friendly" bandwagon gimmickery has worn off.

The whole point of a blockchain is that it's designed to support peer-to-peer, unbacked tokens. Ergo, it's not much use for transporting non peer-to-peer, backed ones. Even if it does shave something off their clearing expenses it isn't going to change the nature of their money which will still require willing debtors to queue up and underwrite it with their future labour. (And those are in increasingly short supply).

[Karartma1]

you are exactly right, but everyone will be using it, as all fiat will go across this blockchain

I doubt it.

If you operate a backed currency you're far more efficient using a secure SQL server as the banks will soon find out to their cost once the "we're blockchain friendly" bandwagon gimmickery has worn off.

The whole point of a blockchain is that it's designed to support peer-to-peer, unbacked tokens. Ergo, it's not much use for transporting non peer-to-peer, backed ones. Even if it does shave something off their clearing expenses it isn't going to change the nature of their money which will still require willing debtors to queue up and underwrite it with their future labour. (And those are in increasingly short supply).

You would be surprised by how many different attempts are in the making in "the blockchain world". These people are trying to use a blockchain nearly everywhere and for anything.
I mean I agree with you when you say that the whole point of a blockchain is that it's designed to support peer-to-peer, unbacked tokens but this does not prevent them to find other possible use cases.

[Elwar]

you are exactly right, but everyone will be using it, as all fiat will go across this blockchain

I doubt it.

If you operate a backed currency you're far more efficient using a secure SQL server as the banks will soon find out to their cost once the "we're blockchain friendly" bandwagon gimmickery has worn off.

The whole point of a blockchain is that it's designed to support peer-to-peer, unbacked tokens. Ergo, it's not much use for transporting non peer-to-peer, backed ones. Even if it does shave something off their clearing expenses it isn't going to change the nature of their money which will still require willing debtors to queue up and underwrite it with their future labour. (And those are in increasingly short supply).

If they have only a few private bankchain "nodes" doing the "mining" then you only need to hack one and use an ASIC miner to 51% attack the network and increase the difficulty to the point that when you pull your ASIC off of the network they either have to upgrade to ASICs to keep going or the difficulty will not allow any further blocks. Or use your 51% to doublespend.

[Elwar]

"City banks plan to hoard bitcoins to help them pay cyber ransoms"
Experts say blue chip companies have decided it’s cheaper to deal with extortionists than risk damaging attacks


https://www.theguardian.com/technology/2016/oct/22/city-banks-plan-to-hoard-bitcoins-to-help-them-pay-cyber-ransoms

Intrinsic value!

[Paashaas]

with competition building its gonna make it tough

big banks make their first trade on their new blockchain

That isn't "competition". All they've done is build a conveyor belt for fiat. "Blockchain tech" isn't worth nothin - any man and his dog can build a network using "blockchain tech" to carry stuff around the place.

What they can't do is attract 2 Million Terrahashes of decentralised computing power to the point that that blockchain's tokens become a monetary unit in their own right, independent of any trusted third party backer or sovereign currency denomination.

It's not only them but the ''R3'' project from all those bankers starting to crumble atm.

http://www.bankingtech.com/612342/trouble-in-the-r3-paradise/#.WA3iKO5JGgI.twitter

Ore what happend with Goldman Sachs coin? It flopped... Now they admit that Bitcoins Blockchain is ideal.

https://news.bitcoin.com/goldman-sachs-bitcoin-ideal-public/