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

[illinest]

I really do not understand why the "core team" has a 2X problem.
Without 2X is not Segwit. Bitcoin has exponential support, so 2X is a good compromise.

Well, they never really agreed to Segwit2x. They implemented Segwit, which had widespread support. The miners and services decided amongst themselves to hard fork 3 months later. Discussions of the 2x hard fork itself aside, I think it's reasonable that both Core and users generally oppose such a timeline.

... ok I understand that they want to create a "market fee" and "birth of side chains" as soon as possible.

The war between Bitcoin and Segwit2x will damage both sides and finally 2X is necessary (only the of time question)

The way I see it, the damage was already done. Maybe not for the same reasons as others think so, though. To me, the fact that BIP148 folks (now NO2X folks) wanted to permanently split Bitcoin so they could activate Segwit a bit earlier tells me they don't share my long term interests. If anything, it was an attack on my interests as a holder. Likewise, hard forks -- particularly contentious and hasty ones -- similarly threaten my long term interests.

There's a lot more to gain in terms of consumer (cheap) payments, anonymous payments, smart contracts and more if we are just patient and allow developers to build on top of Segwit.

[d_eddie]

There's a lot more to gain in terms of consumer (cheap) payments, anonymous payments, smart contracts and more if we are just patient and allow developers to build on top of Segwit.

My point of view, too. I guess it is the point of view of many non-politicized bitcoiners who just want an increase of utility and value, while keeping the strong points: permissionless and trustless, therefore decentralized. Non-inflationary.

[Heater]

There's a lot more to gain in terms of consumer (cheap) payments, anonymous payments, smart contracts and more if we are just patient and allow developers to build on top of Segwit.

My point of view, too. I guess it is the point of view of many non-politicized bitcoiners who just want an increase of utility and value, while keeping the strong points: permissionless and trustless, therefore decentralized. Non-inflationary.

It will be interesting to see what the come up with, but I will take a lot of convincing before I move any coins off into a side chain - to me that smells like an alt-coin and I'm not into alt-coins.

[ragnar0k]

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

https://imgur.com/3nK0IdZ

But this was good head and shoulder if you bought on the dip and because now we have a trend line hopefully

[d_eddie]

There's a lot more to gain in terms of consumer (cheap) payments, anonymous payments, smart contracts and more if we are just patient and allow developers to build on top of Segwit.

My point of view, too. I guess it is the point of view of many non-politicized bitcoiners who just want an increase of utility and value, while keeping the strong points: permissionless and trustless, therefore decentralized. Non-inflationary.

It will be interesting to see what the come up with, but I will take a lot of convincing before I move any coins off into a side chain - to me that smells like an alt-coin and I'm not into alt-coins.

You mean LN? The transitions from-to blockchain and sidechain are cryptographically secure as any other blockchain transaction. As for cheating counterparts, planned provision of a simple bounty for guardians (in case you're offline) makes sure they have very little wiggle room. It looks very good on paper, and I'm confident it will work as advertised in reality. At the beginning, channel capacity is going to be limited to reasonable sums anyway, so the risk for pioneers is really reasonable.

[d_eddie]

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

https://imgur.com/3nK0IdZ

But this was good head and shoulder if you bought on the dip and because now we have a trend line hopefully

Is this an hourly chart??  Doesn't look like it.

[ragnar0k]

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

But this was good head and shoulder if you bought on the dip and because now we have a trend line hopefully

Is this an hourly chart??   Doesn't look like it.

2h - on the hourly it is trying to break the 4.2 now, hopefully it will hold and the 2h is confirmed

[gembitz]

I really do not understand why the "core team" has a 2X problem.
Without 2X is not Segwit. Bitcoin has exponential support, so 2X is a good compromise.

... ok I understand that they want to create a "market fee" and "birth of side chains" as soon as possible.

The war between Bitcoin and Segwit2x will damage both sides and finally 2X is necessary (only the of time question)

You are full of shit.

You assume the conclusion to your logical puzzle. Don't know why core is against, 2x, 2x is necessary.. blah blah blah...

No 2x is not necessary.  There is absolutely no reason for 2x, except the fact that various folks (including you) are making up facts and conclusions in order to assert that 2x is necessary, when it is clearly not.

2x is only being propositioned as being necessary in order to make attacks upon THE REAL bitcoin.

You know that, but you are just coming into this thread and making nonsensical points and assuming the conclusion that you want to reach (and you hope others will reach your nonsense too..... like they do in r/btc... and.. makes NO sense.

before i thought 2mb blocks were a good compromise ...now after the august events it's really is not. maybe someday yes but for now it appears the current parameters are fine as is ~ i feel the original troll of x2 was to undermine the LN team... 

[fragout]

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

https://imgur.com/3nK0IdZ

But this was good head and shoulder if you bought on the dip and because now we have a trend line hopefully

To me it looks like the trend line has been broken -

[vroom]

so sad, what's going on with BTC/USD? stop selling you bastards 

[YamashitaRen]

We had a 1.5k bullish run since 3k. Now it's time for a little correction and check what are the new resistances.

[ragnar0k]

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

https://imgur.com/3nK0IdZ

But this was good head and shoulder if you bought on the dip and because now we have a trend line hopefully

To me it looks like the trend line has been broken -

Yep...looks like I spoke too early but that is ok. What pisses me off is that I suspect the fall is due to recent Dimon's comments...
Is bc still falling for this crap or is someone manipulating it to give that impression?

[Dakustaking76]

What happend 

Any bad news again? 

€3598 kraken price

[rjclarke2000]

What happend 

Any bad news again? 

€3598 kraken price

Same shit, different day. It'll all be back within 2 weeks.

[jojo69]

next stop $3400 ?

[rjclarke2000]

next stop $3400 ?

I believe this is impossible. We have to pass 4100,4000,3900,3800,3700,3600,3500 for this to happen. It's not witch craft

[Meuh6879]

busy day for the MEMpool ... good for the flux ?

[gembitz]

next stop $3400 ?

BTC next stop ~ planet X!!    weeee

[jojo69]

wait...so the trend line from 14 July to 15 September is NOT STEEP ENOUGH for you greedy motherfuckers???   

[Spaceman_Spiff_Original]

next stop $3400 ?

I am guessing $3600-4000-ish.