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

[mymenace]

Anti bitcoiners

You have no argument


Banks change value of dollar, Oh the fiat is broken

Bitcoin consensus changes code, Oh bitcoin is broken

Gold can be manipulated, Oh gold is broken

etc, etc, etc

So i suppose the point is

Pick the BEST scam possible


Your arguments are causing global warming..., please stop!

HA! made myself laugh



https://youtu.be/0akBdQa55b4

[steelboy]

I'm trying to remember the Nov 13 rally. I'm sure there were a couple of big pullbacks along the way to the top. Did any of these have the same % drop or length as the current dip?

[mymenace]

I'm trying to remember the Nov 13 rally. I'm sure there were a couple of big pullbacks along the way to the top. Did any of these have the same % drop or length as the current dip?

more, 50% drop from about 750 to 350

[Bitcoinaire]

Nice bounce off  the bottom of $2120.  Buy the dip.

[Torque]

Just remember guys, as long as Bitcoin has a perpetual 'enemy' that rears it's head every few months, then it is doing something right.

Notice that all the shitcoins are left completely alone by the media and eternal FUD machine. They are being completely ignored, because they pose no threat at all.

[N12]

blitz? is that you??

still not believing the triple digit lie?

I'd probably change my name too after the "no more triple digits in 2013" thing.

I always found it quite surprising how we could have a quasi-bear shill as a moderator... go figure?

It was me who was bullish the entire time since the 200s until now while people like you were pissing their pants. Go look it up.

What you don't understand is that there are less risky (low risk, high reward) and more risky (high risk, low reward) times to be a hodler. Guess which time is now.

[steelboy]

I'm trying to remember the Nov 13 rally. I'm sure there were a couple of big pullbacks along the way to the top. Did any of these have the same % drop or length as the current dip?

more, 50% drop from about 750 to 350

Yeah, just went and looked. All in one day too. Right now is basically flat in comparison 

[megadeth]

VinnyLingham was calling for the same: https://twitter.com/vinnylingham/status/842542167444803584
The game theory around USAF is sound and the market will make its decision.

[ShroomsKit_Disgrace]

Notice that all the shitcoins are left completely alone by the media and eternal FUD machine. They are being completely ignored, because they pose no threat at all.

Then why do you need to comment it? Looks like you are the one feeling threatened here 

[Last of the V8s]

 Bitstamp 2381.03 BTC-e 2451.451 Bitfinex 2359 OKCoin 2635.17/17935

back to bearstamp?

[Torque]

Notice that all the shitcoins are left completely alone by the media and eternal FUD machine. They are being completely ignored, because they pose no threat at all.

Then why do you need to comment it? Looks like you are the one feeling threatened here  

Actually looks like I hit a nerve, eh? Did you panic sell at the bottom?  

[jbreher]

$600 ago Bitcoin was the future. I wonder what it is now. 

The future.

You'll follow the BTU fork then?

There is no BTU fork.

[jbreher]

And who decides if the PoW is valid?

"They vote with their CPU proof-of-worker, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."
- S. Nakamoto, The Whitepaper

i too, have read the whitepaper.

Then why the elementary question?

[BlindMayorBitcorn]

I'm talking about the Bitcoin Unlimited/Bitmain chain.

[Meuh6879]

Bitcoin is a network.
Nodes are human.

They don't ... usually ... follow the majority if the goal is corrupt.

Bitmain chain is a corrupted goal.
easy to avoid, actually : that's why devs have accepted the -bip148 command line ... if you want REJECT an no-BIP148 block after the 1st August.

https://bitcointalk.org/index.php?topic=1336481.msg19562250#msg19562250

but you must activate this option by yourself.

[Genesis1337]

Anti bitcoiners

You have no argument


Banks change value of dollar, Oh the fiat is broken

Bitcoin consensus changes code, Oh bitcoin is broken

Gold can be manipulated, Oh gold is broken

etc, etc, etc

So i suppose the point is

Pick the BEST scam possible


Your arguments are causing global warming..., please stop!

HA! made myself laugh



https://youtu.be/0akBdQa55b4

It's too complicated
It doesn't have the right governance structure2
The security is too hard to get right
Existing and upcoming fiat payment systems are or will be superior
It's too volatile
The government will ban it
It won't scale


do i win a cookie, is bitcoin dead now??!?!

https://99bitcoins.com/bitcoinobituaries

adding my arguments to the list, RIP bitcoin!

[YourMother]

As long as there's electricity on Earth, you cannot break the blockchain protocol. Just like you cannot break, for example, the bittorrent protocol, no matter how many resources you put in. Basically, bitcoin offers you a mathematical guarantee that, as long as you are involved in the network, you regain full control of your money, along with a plethora of technological advantages. And for the ones who are adopting it in these times of exaggerated uncertainty, a large amount of financial wealth.


The FUD, the charts, the bans and the regulations are nothing but cavalry swords trying to stop a tank in its tracks. You either adapt or you perish. We'll meet at $20,000 i guess... maybe with some other interesting facts.  

[jbreher]

The mistake is really that bitcoin allows the concentration of power not the story I picked up a few years ago which is decentralisation.  People making mistakes whatever their motivation is perfectly normal, happens all the time but the problem is where those who make mistakes are not left behind but are the captain of the ship and everyone goes down with that rigid thinking that can never be changed.  

What!? We are all to blame. All us simple users who abdicated our power. We made the mistakes. We could have each of us done the hard thing, and find some way to mine profitably. But no. We each of us took the easy way out, allowing others to do it for us.

You want someone to blame for the centralization? Look in the fuckin' mirror!

[BlindMayorBitcorn]

^You want unicorns and altruism. That's in the ETH section.

[jbreher]

I'm talking about the Bitcoin Unlimited/Bitmain chain.

There is no Bitcoin Unlimited/Bitmain chain.

If indeed there is a split, I will have coins on any and all chains. While there is no way to know the future, I anticipate that the UASF chain will atrophy to insignificance within days of creation. Does that make the remaining chain the Bitcoin Unlimited/Bitmain chain? Doesn't seem likely. While Bitmain is still signaling BU, they have recently declared yet another fork, as a defensive move against UASF.

Of course, the Bitmain plan will create blocks compatible with any blocks built according to BU (the Bitmain plan is to be capable of including SegWit transactions*, but they don't seem likely to actually include such). And XT blocks are compatible with those. As are Classic blocks. As are 8MB blocks. All happily on one chain. Maybe that's what you mean?

The net kinda looks as if UASF will die, and legacy is likely to be the next runt of the litter.

As I said before, I've not been this encouraged about the future in months.