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

[monbux]

I wouldn't call it Bitmain-fiasco. I would call it: "Ignoring the necessity of scaling for 3 years fiasco."

Until this day you have peeps like LunaticLuke that say openly that the high fees are good and the blocksize should be shrunk to 0.5MB.

Also we had a solution early 2016, remember? The miners and some core devs agreed for 2MB+SW. What happend? Core just openly gave a fuck about that agreement. Seriously, to blame just one side is rather biased.

Finally, something who is using their brain! Kind of disappointing how many pages I had to read through to find a decent post though..

[Elwar]

Looks like the weak hands are leaving bitcoin for the hodlers. They can tell their grandchildren that they invested in bitcoin way back in 2017 when it was only 4 digits but they got scared when the price dropped so they sold it all.

[Torque]

Not to sound like a bear, but it seems the troll shorts are intent with their bear raid to push to sub -2000.

Where will they run out of ammo?

[Lauda]

An "idiot"? LOL, OK what part is "idiotic"?

Did they sign the agreement? Yes.

Did it say SW+2MB? Yes.

Did Maxwell and others openly state just hours after they signed it "We dont care."  Yes.

So what part is misleading?

Are you stupid and spreading false information? Yes.
"Core" signed nothing, and there is no such thing as "Core" when considering a singular entity. A few contributors to Bitcoin Core went to that meeting as individuals, thinking it was a good idea. They all signed it as individuals. Gmaxwell was not even part of that group and criticized the agreement right after it was made public. FYI: F2Pool broke it by mining a Bitcoin Classic block, thus the agreement was void at that point.

Finally, something who is using their brain! Kind of disappointing how many pages I had to read through to find a decent post though..

No. ImI is absolutely wrong and uninformed.
You can thank JihanCoin for this price decline. Weirdly enough, it happened just 1 day before I needed some cash. Scaling is a minuscule problem compared to ASIC monopoly and the mining cartel.

[spooderman]

^^ thank you.

edit: and even after the classic block was mined, Luke continued to write the software they agreed upon whilst having his name dragged through the mud.

[N12]

Looks like the weak hands are leaving bitcoin for the hodlers. They can tell their grandchildren that they invested in bitcoin way back in 2017 when it was only 4 digits but they got scared when the price dropped so they sold it all.

Strong hands hodl USD now.

[ImI]

"Core" signed nothing, and there is no such thing as "Core" when considering a singular entity.

I never said "Core" signed the agreement.

Read again:

Also we had a solution early 2016, remember? The miners and some core devsagreed for 2MB+SW. What happend? Core just openly gave a fuck about that agreement. Seriously, to blame just one side is rather biased.

We had an agreement already and (like you also correctly stated) this agreement got neglected by Maxwell, Friedenbach and others just hours after the other Core devs signed it. So who is to blame for that mess? Why opt out of SW+2MB?

If there is no such thing as a unity called "Core" then you will never be getting closer to any agreement as they where in the beginning of 2016.

[ImI]

^^ thank you.

edit: and even after the classic block was mined, Luke continued to write the software they agreed upon whilst having his name dragged through the mud.

Luke? Luke states to this very day that 0.5Mb is enough. LOL

[YourMother]

Bubble has most probably popped. Get ready for a global crypto bear market.

Yeah so BIG bitcoin bubble



It's all about perspective

How up to date is this thing?

Half of Bill Gate's fortune. These sells are coming from the 'now millionaires' that bought at $200-$300. In the future the ones that bought at $2000-3000$ will cash out at $20,000-30,000 and so on. Helps with the distribution of the coins as well.

I'm still not selling anything... (i will push some buttons at 200-300k per bitcoin probably  ). Everyone has their target

[monbux]

An "idiot"? LOL, OK what part is "idiotic"?

Did they sign the agreement? Yes.

Did it say SW+2MB? Yes.

Did Maxwell and others openly state just hours after they signed it "We dont care."  Yes.

So what part is misleading?

Are you stupid and spreading false information? Yes.
"Core" signed nothing, and there is no such thing as "Core" when considering a singular entity. A few contributors to Bitcoin Core went to that meeting as individuals, thinking it was a good idea. They all signed it as individuals. Gmaxwell was not even part of them and criticized the agreement right after it was public. FYI: F2Pool broke it by mining a Bitcoin Classic block, thus the agreement was void at that point.

Finally, something who is using their brain! Kind of disappointing how many pages I had to read through to find a decent post though..

No. ImI is absolutely wrong and uninformed.
You can thank JihanCoin for this price decline. Weirdly enough, it happened just 1 day before I needed some cash.  

Unfortunately, I find myself to be misinformed as well. I think the point I was making was how off the majority of posters sounded.

So greed many greed people greed creating greed additional greed fear. The greed community greed is greed breaking greed apart greed rather greed than greed coming greed together. greed I greed wonder greed how greed many greed real greed bitcoiners greed are greed left.

Also, the monopoly was there for the longest time. So was the scaling problem, which i find to be slightly bigger than minuscule.

[kludzins]

Another dump.

Will the price test $2000 again or are we going to see higher lows?

Will the price test $3000 again until august?

3000*0.35=1050USD
3000-1050USD=1950USD/BTC and then clear road to 4000USD

Where did you take the 0.35 and why should the price retrace by 35% then go upward? And why the $4k target?

2k up then 1k down.
Works like a clockwork

[spooderman]

Looks like the weak hands are leaving bitcoin for the hodlers. They can tell their grandchildren that they invested in bitcoin way back in 2017 when it was only 4 digits but they got scared when the price dropped so they sold it all.

Strong hands hodl USD now.

blitz? is that you??

still not believing the triple digit lie?

If there is no such thing as a unity called "Core" then you will never be getting closer to any agreement as they where in the beginning of 2016.

wut?

[Lauda]

We had an agreement already and (like you also correctly stated) this agreement got neglected by Maxwell, Friedenbach and others just hours after the other Core devs signed it. So who is to blame for that mess? Why opt out of SW+2MB?

In hindsight, the agreement was a bad idea. As said, F2Pool broke it thus it was void. You can't blame anyone for not delivering their end of a deal that was void.

If there is no such thing as a unity called "Core" then you will never be getting closer to any agreement as they where in the beginning of 2016.

Do you even understand Bitcoin? If you want proof-by-proxy then either go to Barrycoin or Jihancoin. No "groups" of any kind decide changes to the consensus rules.

Luke? Luke states to this very day that 0.5Mb is enough. LOL

He has his reasons. Regardless, he is a very good developer. Better than any single kid from the BU team.

Strong hands hodl USD now.

Why would you hodl dirty fiat?

[Coinnosaurus]

Another dump.

Will the price test $2000 again or are we going to see higher lows?

Will the price test $3000 again until august?

3000*0.35=1050USD
3000-1050USD=1950USD/BTC and then clear road to 4000USD

Where did you take the 0.35 and why should the price retrace by 35% then go upward? And why the $4k target?

2k up then 1k down.
Works like a clockwork

I thought that the 2013 dumps were aggressive .. I've never been so wrong , keep selling it's a pleasure to watch

[ImI]

Do you even understand Bitcoin? If you want proof-by-proxy then either go to Barrycoin or Jihancoin.

Oh, i understand Bitcoin very well. Bitcoin relies on a consensus-mechanism called "Proof of Work" and as such it's the miners that effectively decide what happens. You don't like it? OK, but what other consensus-mechanism do you propose? "Proof of Node"? "Proof of Reddit Account"?

You see you are right that Bitcoin means NO backdoor decisions, yes. But then you should also understand that in the Bitcoin ecosystem it's PoW that decides and nothing else.

[r0ach]

Shields engaged

[spooderman]

Do you even understand Bitcoin? If you want proof-by-proxy then either go to Barrycoin or Jihancoin.

Oh, i understand Bitcoin very well. Bitcoin relies on a consensus-mechanism called "Proof of Work" and as such it's the miners that effectively decide what happens. You don't like it? OK, but what other consensus-mechanism do you propose? "Proof of Node"? "Proof of Reddit Account"?

You see you are right that Bitcoin means NO backdoor decisions, yes. But then you should also understand that in the Bitcoin ecosystem it's PoW that decides and nothing else.

And who decides if the PoW is valid?

Stop being obtuse.
___________________________________

Just bought a BTC. Let's hope I caught the bottom

[YourMother]

As long as Dan Bilzerian is panic dumping at this moment, i'm not disappointed by the red lasers

[proudhon]

Once bitcoin drops below $2,000 again, it probably won't ever get back up above it ever again.

[spooderman]

Once bitcoin drops below $2,000 again, it probably won't ever get back up above it ever again.

i expect it will trade under $10 a share by the end of 2014