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

[bitebits]

I think the declining BTC value of BCH indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

[fabiorem]

Isnt it the same guy of the "buy bitcoin" sign?

[d_eddie]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

[JayJuanGee]

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... 

I never really did believe that 2x was justified at any point; however, i agreed with your point that 2x could be a decent and good and warranted plan in the future, if necessary.

One additional thing that happened with the renegade Bcash fork is that it should be strongly considered these fuck-job forkers pretty much took over the whole bitcoin space with their bullshit, and pretty much negated any kind of good faith that might have been read into some of the supposed segwit2x (NYA) signatories....

Anyhow, that segwit2x agreement should be pretty much considered to be null and void because the terms no longer apply, in part based on the renagade bcash hardfork - and further another reason (but a little weaker, but legit nonetheless) for segwit2x agreement to be null and void is that empirical evidence pretty much shows that the 2x part of segwit2x is not really justified - and therefore any segwit2x agreement was somewhat reasoned on actual necessity and justification rather than just blindly implementing (as several whiner nutjobs frequently falsely proclaim that there was some locking in without any need for further justification)

[becoin]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

[Odalv]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

I'm not sure it is "Next free money drop, please!".
Your BTC transaction will be replayed on BTC2X.

[JayJuanGee]

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

I doubt that it is analytically helpful to look at every single $100 increment as if it were an area of support, because then we will become too overwhelmed with information.

So currently we are bouncing between about $4150 and $4300.. more or less, so it seems that our next area of support is at about the $4000 territory, and this one would not be too difficult to break below - because we are only recently out of that one.

However, the next area of support would be around $3,600, and that one should prove a bit more difficult to break through.

If we break below $3600, then we will be back to testing the earlier level of the dip, which is around $3k.  Thereafter $2500-ish.. etc.. etc... 

I personally think $3600 is reasonable, with maybe nearly a 40% chance.. and harder to predict beyond that.. and sure we gotta get down there first... and there is a decent chance that we could go up from here, anyhow, perhaps in the 50/50 territory.

[JayJuanGee]

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

Gotta zoom out a little bit more fellow greedy.   

[cmacwiz]

I was wondering about replay attacks in general, and how any bitcoin clone from the past differentiates their transactions by coin such that nodal confusion doesn't get all messy. Can't people just make replay a possibility with any little shitty small fork  targeted at a specific wallet client? Did this happen in the past?

[savetherainforest]

Isnt it the same guy of the "buy bitcoin" sign?

Nope...

The other guy looked like the "Trolololol" russian guy opera singer.





*edit(0):

[d_eddie]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

[Odalv]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

https://bitcointalk.org/index.php?topic=2237232.0

[bitserve]

Isnt it the same guy of the "buy bitcoin" sign?

Nope...

The other guy looked like the "Trolololol" russian guy opera singer.

LOL!

Btw, interesting tweet from CEO of Goldman Sachs:  https://www.coindesk.com/goldman-sachs-ceo-no-conclusion-bitcoin-yet/

Lloyd Blankfein
✔
@lloydblankfein

Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.
8:09 PM - Oct 3, 2017

[becoin]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

I'm not sure it is "Next free money drop, please!".
Your BTC transaction will be replayed on BTC2X.

Why should I care what is happening on B2X network or on any other Bitcoin [put-some-extra-word-here] network that is trying to mimic Bitcoin network? I simply take what they give me and dump it for bitcoins. Case solved.

[Torque]

I think the declining BTC value of BCH indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

Which actually makes zero sense, because in the minds of BCH supporters if 2MB blocks are just ok then 8MB blocks are even better. Which Bitcoin Cash already has, right now. And apparently they could give two shits about SegWit support, bug fixes or enhancements, replay protection, real mining support, merchant support, exchange support, real economic majority support, or anything else to support... ya' know, an entire $70B cryptocurrency ecosystem.  

But let's be real: their goal was never to create a 'better Bitcoin'. It was to hijack and derail Bitcoin. And until that goal is achieved, the forks will just keep a comin'.

[Odalv]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

I'm not sure it is "Next free money drop, please!".
Your BTC transaction will be replayed on BTC2X.

Why should I care what is happening on B2X network or on any other Bitcoin [put-some-extra-word-here] network that is trying to mimic Bitcoin network? I simply take what they give me and dump it for bitcoins. Case solved.

They share same keys, same addresses. If you dump at B2X then they dump your BTC. (it is same network, the difference is small -> block size ) ... there is not replay protection

1) if you dump BTC then your transaction will apear on BTC2X and you lose BTC2X
2) if you dump BTC2X then there is a chance that your dump will be replayed on BTC

[d_eddie]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

https://bitcointalk.org/index.php?topic=2237232.0

Ah! Fluidjax has one more trick to share. Thanks Odalv!

EDIT: oops - the 3BITxxxxxxxxx address in Fluidjax's example is valid on both chains. No worky.

[Odalv]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

https://bitcointalk.org/index.php?topic=2237232.0

Ah! Fluidjax has one more trick to share. Thanks Odalv!

I'm not sure his trick is working :-) Be aware.

[d_eddie]

Your BTC transaction will be replayed on BTC2X.

That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards.

I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that.

There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  

https://bitcointalk.org/index.php?topic=2237232.0

Ah! Fluidjax has one more trick to share. Thanks Odalv!

I'm not sure his trick is working :-) Be aware.

Yes, I noticed immediately and edited my post. Thanks for the heads up anyway!

[becoin]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

I'm not sure it is "Next free money drop, please!".
Your BTC transaction will be replayed on BTC2X.

Why should I care what is happening on B2X network or on any other Bitcoin [put-some-extra-word-here] network that is trying to mimic Bitcoin network? I simply take what they give me and dump it for bitcoins. Case solved.

They share same keys, same addresses. If you dump at B2X then they dump your BTC. (it is same network, the difference is small -> block size ) ... there is not replay protection

1) if you dump BTC then your transaction will apear on BTC2X and you lose BTC2X
2) if you dump BTC2X then there is a chance that your dump will be replayed on BTC

You don't understand what you're talking about, do you? The bolded part above and the "small" difference remark is indicative you're clueless.