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

[d_eddie]

4000USD as a resistance level has been tested, which is a very good news.

Now if segwit 2x will not be too messy, price -> moon for sure.

Worring part is >90% miner support for it, and core's tough position against it... This hardfork can be more deadly than BCC...

Miners can only mine a coin that they can sell. We have already seen many have no loyalty, they will move to the coin that will pay their electricity bills.
Who is gonna buy all the coins mined, and the all the coins dumped?
Certainly not enough to support 90% of the hash power, so the real Bitcoin will limp along to the re-calc, and then its party over for 2x.

quoting this for truth. afair difficulty can only go down so much at a time, so we may need more than one re-calc, not that that matters much

Am I wrong in thinking that an easy-to-use replay protection mechanism would make it much harder on 2x? I imagine most hardcore bitcoiners would dump the stuff as soon as possible, before it depreciates too much. The effect would make mining 2x quickly unprofitable, so Wu's bribes/threats to the miners/thralls would get too expensive to hold.

Any flaw or oversight in my argument?

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[panju1]

Which nation-state wants to welcome crypto and solidify their position as leading innovators? Stifling it in your country because you fear your own people, or is it just for petty crony cash, Benny Lawsky? The time will quickly approach and the countries left to squabble over $50k+ bitcoins to fill their crypto reserves will regret such narrow mindedness.

 
Japan, the phone is ringing...

Countries might not feel the need to fill their reserves with Bitcoins. They might encourage innovation, regulate bitcoin trades, but buying bitcoins would indicate that they didn't have faith in their own currency. That won't happen quickly.

[Last of the V8s]

4000USD as a resistance level has been tested, which is a very good news.

Now if segwit 2x will not be too messy, price -> moon for sure.

Worring part is >90% miner support for it, and core's tough position against it... This hardfork can be more deadly than BCC...

Miners can only mine a coin that they can sell. We have already seen many have no loyalty, they will move to the coin that will pay their electricity bills.
Who is gonna buy all the coins mined, and the all the coins dumped?
Certainly not enough to support 90% of the hash power, so the real Bitcoin will limp along to the re-calc, and then its party over for 2x.

quoting this for truth. afair difficulty can only go down so much at a time, so we may need more than one re-calc, not that that matters much

Am I wrong in thinking that an easy-to-use replay protection mechanism would make it much harder on 2x? I imagine most hardcore bitcoiners would dump the stuff as soon as possible, before it depreciates too much. The effect would make mining 2x quickly unprofitable, so Wu's bribes/threats to the miners/thralls would get too expensive to hold.

Any flaw or oversight in my argument?

we can't upgrade all our nodes with replay protection in time

[600watt]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

[Last of the V8s]

https://aeon.co/essays/the-end-of-a-world-of-nation-states-may-be-upon-us

pantsuit media floats city-states

[Last of the V8s]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

Hodler[/b]]https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

Love it.

But are you alright? Did you hurt yourself? Did you damage the picture? Where are you? Auction rooms? Rundown old farmhouse?

[cmacwiz]

Which nation-state wants to welcome crypto and solidify their position as leading innovators? Stifling it in your country because you fear your own people, or is it just for petty crony cash, Benny Lawsky? The time will quickly approach and the countries left to squabble over $50k+ bitcoins to fill their crypto reserves will regret such narrow mindedness.

 
Japan, the phone is ringing...

Countries might not feel the need to fill their reserves with Bitcoins. They might encourage innovation, regulate bitcoin trades, but buying bitcoins would indicate that they didn't have faith in their own currency. That won't happen quickly.

You are correct, but what about state owned mining operations? Anyways you have a good point I completely overlook in my little rant. To adopt bitcoin, you abandon fiat to some extent

[Arriemoller]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

Linki no worky  

"Bad title
The requested page title contains invalid characters: "[".

Return to Main Page."

[600watt]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

Linki no worky  

"Bad title
The requested page title contains invalid characters: "[".

Return to Main Page."

fixed.does it work now?

[Arriemoller]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

Linki no worky  

"Bad title
The requested page title contains invalid characters: "[".

Return to Main Page."

fixed.does it work now?

Yes, now worky fine.

[deepcolderwallet]

we have broken down through the medium term support line

this could just be the mother of all bear traps...or things could get really ugly

You like a little drama in your posts?

Seems as if you are exaggerating a bit.

Look, we were just  at these price points a week ago (which is a 15% correction), and it would not be unreasonable to have a 30% or more correction.  I have my doubts about a 50% correction, but sometimes, momentum has it's own effect, and sure as fuck, bitcoin likes to overshoot expectations, no?  We are not beyond overshooting, but there is no need to exaggerate and to act like there is some kind of doom and gloom going on in bitcoin at this time, and there seems to be considerable and ongoing buying support, at this level and at lower levels, if we go there. 


NO need to panic yet, boys and girl.

We both know that bitcoin always has the potential to lose on the order of 40% of its value in a matter of days.  It has happened many times in the past and yes, I have found it rather dramatic when it happened.  Were it to do that now it would put us under 3000 USD.  Such an event would not shake my faith in the long term exponential bull, but newcomers to the space should be aware of the possibility.

O.k.   So your reason for drama is to help out the "newcomers" to better understand the market movements of bitcoin?  A bit patronizing, no? 

Yeah, newcomers can look at charts, and yes, there are a lot of people who jump into something blindly, so are these "newcomers" gonna understand your drama for what it is?  A warning or you want to call it an "awarening"?

Calm down, JJG.
I also was once this kind of "newcomer" thirsty for any kind of confirmation from this forum.
I know their feeling...

[jojo69]

Hodler's bull is now my spirit animal

[JayJuanGee]

we have broken down through the medium term support line

this could just be the mother of all bear traps...or things could get really ugly

You like a little drama in your posts?

Seems as if you are exaggerating a bit.

Look, we were just  at these price points a week ago (which is a 15% correction), and it would not be unreasonable to have a 30% or more correction.  I have my doubts about a 50% correction, but sometimes, momentum has it's own effect, and sure as fuck, bitcoin likes to overshoot expectations, no?  We are not beyond overshooting, but there is no need to exaggerate and to act like there is some kind of doom and gloom going on in bitcoin at this time, and there seems to be considerable and ongoing buying support, at this level and at lower levels, if we go there. 


NO need to panic yet, boys and girl.

We both know that bitcoin always has the potential to lose on the order of 40% of its value in a matter of days.  It has happened many times in the past and yes, I have found it rather dramatic when it happened.  Were it to do that now it would put us under 3000 USD.  Such an event would not shake my faith in the long term exponential bull, but newcomers to the space should be aware of the possibility.

O.k.   So your reason for drama is to help out the "newcomers" to better understand the market movements of bitcoin?  A bit patronizing, no? 

Yeah, newcomers can look at charts, and yes, there are a lot of people who jump into something blindly, so are these "newcomers" gonna understand your drama for what it is?  A warning or you want to call it an "awarening"?

Calm down, JJG.
I also was once this kind of "newcomer" thirsty for any kind of confirmation from this forum.
I know their feeling...

Oh?  Is that right?    So if there is a pattern of a poster (whether newbie or not) putting out random posts to attempt to inspire panic selling or talking their books, we should just tolerate that kind of ongoing nonsense and seeming trolling?

Sure, there are not enough hours in the day to call out all of the book talkers, but some of these folks, such as jojo69 - puts out these nonsubstantive posts that attempt to get folks to panic by suggesting that the price is inevitably going down or suggesting that hodlers should sell after the price had already substantially corrected - which nearly a sure-fired means of causing some folks to panic sell and possibly at the bottom or near the bottom.

[savetherainforest]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

Beautiful !!!

I'l have a painter do me a replica of it.
Magnificent animal.  

Btw... Where is Salma?? Its her time to glow with those beautiful canyons of hers!




*edit(0): Nvm... I found Salma!

[Meuh6879]

Interesting flash-crash from the Yuan (ICO fuel ?).

[Elwar]

I just stumbled over this 19th century painting:



THE BULL

it was painted 1878 by ...

... this guy:

https://en.wikipedia.org/wiki/Ferdinand_Hodler


let that sink in.  



edit: wiki art says he was big in...   yep: symbolism...  symbolism ffs

I did let that sink in.

Mind officially blown.

[Elwar]

https://aeon.co/essays/the-end-of-a-world-of-nation-states-may-be-upon-us

pantsuit media floats city-states

They have it close.

It will be floating sea-states.

https://www.blue-frontiers.com/

[jojo69]

Oh?  Is that right?    So if there is a pattern of a poster (whether newbie or not) putting out random posts to attempt to inspire panic selling or talking their books, we should just tolerate that kind of ongoing nonsense and seeming trolling?

Sure, there are not enough hours in the day to call out all of the book talkers, but some of these folks, such as jojo69 - puts out these nonsubstantive posts that attempt to get folks to panic by suggesting that the price is inevitably going down or suggesting that hodlers should sell after the price had already substantially corrected - which nearly a sure-fired means of causing some folks to panic sell and possibly at the bottom or near the bottom.

You know Jay, I have really tried to avoid getting into conflict with you as I think your heart is in the right place and I feel that we largely agree on the big picture.

But I am not going to sit here and passively allow you to smear me as a book talker.  Bitcoin is one of the most volatile markets there is.  It has rewarded me greatly, and burned me painfully.  Pointing out the, very real, possibility of a serious retractment is not an attempt on my part to inspire panic, indeed quite the opposite.  Were we to plunge into the 2xxx range an hour hence I would be untroubled, serene in my hodling.

This is what I attempt to teach.  Bitcoins journey is turbulent indeed.  I have learned from bitter experience to take its violent storms with equanimity.

Your repetitive walls of text and name calling I can tolerate, impugn my motives and find yourself on my ignore list.

[CoinCube]

Nice Article on BTC by Seeking Alpha:

Why Bitcoin Is The Investment Of The Decade
https://seekingalpha.com/article/4104272-bitcoin-investment-decade

Argues for a mid 2018 value of $6000

[Torque]

Nice Article on BTC by Seeking Alpha:

Why Bitcoin Is The Investment Of The Decade
https://seekingalpha.com/article/4104272-bitcoin-investment-decade

Argues for a mid 2018 value of $6000

Finally someone with the permission and the balls to write something bullishly pro-Bitcoin. Too bad the article is behind a subscription wall.