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

[DaRude]

This is Bitcoin sub forum, not a BCH sub forum. You have the coin with big blocks that you so desperately wanted, and you got it. So again, why do you repeatedly keep coming back here? Why aren't you off with your little tribe?

Oh, I know why. Because you are a troll. Because only a troll keeps coming back to a sub forum thread after they supposedly got what they wanted. Quit trying to 'save' anyone here from anything. We don't need saving. Everyone here knows what Bitcoin is and what BCH is. And people here want to discuss Bitcoin, not BCH. Nor want to discuss how to turn Bitcoin in BCH.

I am discussing Bitcoin. I am discussing Bitcoin Segwit Core, Bitcoin Segwit 2M, and Bitcoin Cash.

Life is a game of probabilities. While I am confident that BCH will eventually be recognized as the One True Bitcoin, only a fool would ascribe 100% to any such outcome. As such, if there is a case for improving Segwit, I am going to make it.

I am decidedly not a troll. Are you a troll? Is Segwit Core 'what you wanted'? Then why do you return to this sub forum?

Yes, we all (most) probably know what Bitcoin is. I doubt, however, that everyone here was complicit with you appointing yourself arbiter as to what may or may not witness being discussed here.

Regardless, it is quite clear that at least some have not yet heard the fact that onboarding the world will take decades at 1MB, and that neither segwit nor LN ameliorates this issue, while block size increases do. If you really want to wallow in willful ignorance, feel free to ignore me. I'd be a little sad -- I seem to remember us having cordial conversations in the past -- but I'd live.

"While I am confident that BCH will eventually be recognized as the One True Bitcoin..." with that logic it's definitely good to diversify so you don't loose all of your money. In due time you'll look back and realize how you were taken for a ride, and thank people who stood up to it  

oh oh do tell how block increases helps on boarding the world? Would you mind doing a simple math on how big your blocks should be for every person in the world to do just one transaction on chain per day? I'll wait

[notme]

This is Bitcoin sub forum, not a BCH sub forum. You have the coin with big blocks that you so desperately wanted, and you got it. So again, why do you repeatedly keep coming back here? Why aren't you off with your little tribe?

Oh, I know why. Because you are a troll. Because only a troll keeps coming back to a sub forum thread after they supposedly got what they wanted. Quit trying to 'save' anyone here from anything. We don't need saving. Everyone here knows what Bitcoin is and what BCH is. And people here want to discuss Bitcoin, not BCH. Nor want to discuss how to turn Bitcoin in BCH.

I am discussing Bitcoin. I am discussing Bitcoin Segwit Core, Bitcoin Segwit 2M, and Bitcoin Cash.

Life is a game of probabilities. While I am confident that BCH will eventually be recognized as the One True Bitcoin, only a fool would ascribe 100% to any such outcome. As such, if there is a case for improving Segwit, I am going to make it.

I am decidedly not a troll. Are you a troll? Is Segwit Core 'what you wanted'? Then why do you return to this sub forum?

Yes, we all (most) probably know what Bitcoin is. I doubt, however, that everyone here was complicit with you appointing yourself arbiter as to what may or may not witness being discussed here.

Regardless, it is quite clear that at least some have not yet heard the fact that onboarding the world will take decades at 1MB, and that neither segwit nor LN ameliorates this issue, while block size increases do. If you really want to wallow in willful ignorance, feel free to ignore me. I'd be a little sad -- I seem to remember us having cordial conversations in the past -- but I'd live.

"While I am confident that BCH will eventually be recognized as the One True Bitcoin..." with that logic it's definitely good to diversify so you don't loose all of your money. In due time you'll look back and realize how you were taken for a ride, and thank people who stood up to it  

oh oh do tell how block increases helps on boarding the world? Would you mind doing a simple math on how big your blocks should be for every person in the world to do just one transaction on chain per day? I'll wait

Assuming an average transaction size of 600 bytes and 7.5 billion people:
31.25 GB

[DaRude]

This is Bitcoin sub forum, not a BCH sub forum. You have the coin with big blocks that you so desperately wanted, and you got it. So again, why do you repeatedly keep coming back here? Why aren't you off with your little tribe?

Oh, I know why. Because you are a troll. Because only a troll keeps coming back to a sub forum thread after they supposedly got what they wanted. Quit trying to 'save' anyone here from anything. We don't need saving. Everyone here knows what Bitcoin is and what BCH is. And people here want to discuss Bitcoin, not BCH. Nor want to discuss how to turn Bitcoin in BCH.

I am discussing Bitcoin. I am discussing Bitcoin Segwit Core, Bitcoin Segwit 2M, and Bitcoin Cash.

Life is a game of probabilities. While I am confident that BCH will eventually be recognized as the One True Bitcoin, only a fool would ascribe 100% to any such outcome. As such, if there is a case for improving Segwit, I am going to make it.

I am decidedly not a troll. Are you a troll? Is Segwit Core 'what you wanted'? Then why do you return to this sub forum?

Yes, we all (most) probably know what Bitcoin is. I doubt, however, that everyone here was complicit with you appointing yourself arbiter as to what may or may not witness being discussed here.

Regardless, it is quite clear that at least some have not yet heard the fact that onboarding the world will take decades at 1MB, and that neither segwit nor LN ameliorates this issue, while block size increases do. If you really want to wallow in willful ignorance, feel free to ignore me. I'd be a little sad -- I seem to remember us having cordial conversations in the past -- but I'd live.

"While I am confident that BCH will eventually be recognized as the One True Bitcoin..." with that logic it's definitely good to diversify so you don't loose all of your money. In due time you'll look back and realize how you were taken for a ride, and thank people who stood up to it  

oh oh do tell how block increases helps on boarding the world? Would you mind doing a simple math on how big your blocks should be for every person in the world to do just one transaction on chain per day? I'll wait

Assuming an average transaction size of 600 bytes and 7.5 billion people:
31.25 GB

But that's still less than unlimited right? Hmm maybe BU was actually on to something 

[notme]

This is Bitcoin sub forum, not a BCH sub forum. You have the coin with big blocks that you so desperately wanted, and you got it. So again, why do you repeatedly keep coming back here? Why aren't you off with your little tribe?

Oh, I know why. Because you are a troll. Because only a troll keeps coming back to a sub forum thread after they supposedly got what they wanted. Quit trying to 'save' anyone here from anything. We don't need saving. Everyone here knows what Bitcoin is and what BCH is. And people here want to discuss Bitcoin, not BCH. Nor want to discuss how to turn Bitcoin in BCH.

I am discussing Bitcoin. I am discussing Bitcoin Segwit Core, Bitcoin Segwit 2M, and Bitcoin Cash.

Life is a game of probabilities. While I am confident that BCH will eventually be recognized as the One True Bitcoin, only a fool would ascribe 100% to any such outcome. As such, if there is a case for improving Segwit, I am going to make it.

I am decidedly not a troll. Are you a troll? Is Segwit Core 'what you wanted'? Then why do you return to this sub forum?

Yes, we all (most) probably know what Bitcoin is. I doubt, however, that everyone here was complicit with you appointing yourself arbiter as to what may or may not witness being discussed here.

Regardless, it is quite clear that at least some have not yet heard the fact that onboarding the world will take decades at 1MB, and that neither segwit nor LN ameliorates this issue, while block size increases do. If you really want to wallow in willful ignorance, feel free to ignore me. I'd be a little sad -- I seem to remember us having cordial conversations in the past -- but I'd live.

"While I am confident that BCH will eventually be recognized as the One True Bitcoin..." with that logic it's definitely good to diversify so you don't loose all of your money. In due time you'll look back and realize how you were taken for a ride, and thank people who stood up to it  

oh oh do tell how block increases helps on boarding the world? Would you mind doing a simple math on how big your blocks should be for every person in the world to do just one transaction on chain per day? I'll wait

Assuming an average transaction size of 600 bytes and 7.5 billion people:
31.25 GB

But that's still less than unlimited right? Hmm maybe BU was actually on to something 

Hey, you could keep up if you had a 425 Mbps connection

[Gab0]

He got lucky and made some money on the internet.  Now he thinks he's a fucking genius.  It's a common problem around here.

No, apparently the real geniuses are the accounts on this thread that want to convince everyone that that Bitcoin core developers are completely and woefully incompetent, that Bitcoin still sucks and if it just had bigger blocks it would take over the whole fkn world.

See BCH and their dev team for complete fail.

Why does it make you so upset that other people see the world differently than you do?  If they are as wrong as you believe, you should just let time prove you right.  Instead, you get your panties in a bunch whenever someone says anything you disagree with.

I have no problem at all with the exchange/sharing of ideas and non-confrontational debate. It's healthy and should be applauded.

But c'mon, this whole block size thing? FFS, it's getting really old guys. Like for years and years now has this topic been discussed and debated ad nauseam. By internet armchair warrior geniuses who have no computer programming or blockchain coding expertise, but somehow think they know better than the very people involved with the project, the Bitcoin Core dev team. The block size debate is a dead horse that has been beaten so much over the years, it's been pounded into complete dust.

And then these same people, after years and years of flooding the forums with teeth gnashing, circular and confrontational debate, FINALLY get what they want (BCH w/ 8MB block limit) and their own dev team separate from Core, and then they have the audacity to dismiss it lightly and come back and continue the debate around shoving bigger blocks into Bitcoin? Like now BCH wasn't somehow good enough, wasn't what they wanted after all? I thought that bigger blocks was the answer to all of Bitcoin's problems? Wasn't BCH supposed to solve everything?

These people aren't just debating and discussing ideas. They are trolling.

Oh! I get it; and since it was already discussed to the point of exhaustion, we'd better discuss the Las Vegas conspiracy, right?.

Out of sarcasm, there is a pink elephant in the room and you don't want to see it.
Now, more than 90% of hash power signaling part x2 of the NY agreement, and you're pretending there's nothing to discuss here?

[DaRude]

He got lucky and made some money on the internet.  Now he thinks he's a fucking genius.  It's a common problem around here.

No, apparently the real geniuses are the accounts on this thread that want to convince everyone that that Bitcoin core developers are completely and woefully incompetent, that Bitcoin still sucks and if it just had bigger blocks it would take over the whole fkn world.

See BCH and their dev team for complete fail.

Why does it make you so upset that other people see the world differently than you do?  If they are as wrong as you believe, you should just let time prove you right.  Instead, you get your panties in a bunch whenever someone says anything you disagree with.

I have no problem at all with the exchange/sharing of ideas and non-confrontational debate. It's healthy and should be applauded.

But c'mon, this whole block size thing? FFS, it's getting really old guys. Like for years and years now has this topic been discussed and debated ad nauseam. By internet armchair warrior geniuses who have no computer programming or blockchain coding expertise, but somehow think they know better than the very people involved with the project, the Bitcoin Core dev team. The block size debate is a dead horse that has been beaten so much over the years, it's been pounded into complete dust.

And then these same people, after years and years of flooding the forums with teeth gnashing, circular and confrontational debate, FINALLY get what they want (BCH w/ 8MB block limit) and their own dev team separate from Core, and then they have the audacity to dismiss it lightly and come back and continue the debate around shoving bigger blocks into Bitcoin? Like now BCH wasn't somehow good enough, wasn't what they wanted after all? I thought that bigger blocks was the answer to all of Bitcoin's problems? Wasn't BCH supposed to solve everything?

These people aren't just debating and discussing ideas. They are trolling.

Oh! I get it; and since it was already discussed to the point of exhaustion, we'd better discuss the Las Vegas conspiracy, right?.

Out of sarcasm, there is a pink elephant in the room and you don't want to see it.
Now, more than 90% of hash power signaling part x2 of the NY agreement, and you're pretending there's nothing to discuss here?

90% of people are asking for a pay raise? No way!! STOP THE PRESSES!!!!!!! Or are we assuming what's good for miners is good for the environment as a whole?

Miners are a tool, they don't get to make the rules, they just need to follow them or fork off

[JayJuanGee]

He got lucky and made some money on the internet.  Now he thinks he's a fucking genius.  It's a common problem around here.

No, apparently the real geniuses are the accounts on this thread that want to convince everyone that that Bitcoin core developers are completely and woefully incompetent, that Bitcoin still sucks and if it just had bigger blocks it would take over the whole fkn world.

See BCH and their dev team for complete fail.

Why does it make you so upset that other people see the world differently than you do?  If they are as wrong as you believe, you should just let time prove you right.  Instead, you get your panties in a bunch whenever someone says anything you disagree with.

I have no problem at all with the exchange/sharing of ideas and non-confrontational debate. It's healthy and should be applauded.

But c'mon, this whole block size thing? FFS, it's getting really old guys. Like for years and years now has this topic been discussed and debated ad nauseam. By internet armchair warrior geniuses who have no computer programming or blockchain coding expertise, but somehow think they know better than the very people involved with the project, the Bitcoin Core dev team. The block size debate is a dead horse that has been beaten so much over the years, it's been pounded into complete dust.

And then these same people, after years and years of flooding the forums with teeth gnashing, circular and confrontational debate, FINALLY get what they want (BCH w/ 8MB block limit) and their own dev team separate from Core, and then they have the audacity to dismiss it lightly and come back and continue the debate around shoving bigger blocks into Bitcoin? Like now BCH wasn't somehow good enough, wasn't what they wanted after all? I thought that bigger blocks was the answer to all of Bitcoin's problems? Wasn't BCH supposed to solve everything?

These people aren't just debating and discussing ideas. They are trolling.

Oh! I get it; and since it was already discussed to the point of exhaustion, we'd better discuss the Las Vegas conspiracy, right?.

Out of sarcasm, there is a pink elephant in the room and you don't want to see it.
Now, more than 90% of hash power signaling part x2 of the NY agreement, and you're pretending there's nothing to discuss here?

How many of them are going to actually run the software?  Is there software available yet?   Oh?  90%-ish is going to signal intention to run the software until November 15 or whatever the date, and then when it comes time to run the actual software how many of them are going to run it?  90% or some other number?  You think 51% will do?   Or some other number?  Which chain is going to be more profitable to mine, do we know that yet?  Profittability will likely make a difference for a large number of miners, no?

Lot's still to happen and to find out in the coming 5-6 weeks, no?

[BlindMayorBitcorn]

[mymenace]

He got lucky and made some money on the internet.  Now he thinks he's a fucking genius.  It's a common problem around here.

No, apparently the real geniuses are the accounts on this thread that want to convince everyone that that Bitcoin core developers are completely and woefully incompetent, that Bitcoin still sucks and if it just had bigger blocks it would take over the whole fkn world.

See BCH and their dev team for complete fail.

Why does it make you so upset that other people see the world differently than you do?  If they are as wrong as you believe, you should just let time prove you right.  Instead, you get your panties in a bunch whenever someone says anything you disagree with.

I have no problem at all with the exchange/sharing of ideas and non-confrontational debate. It's healthy and should be applauded.

But c'mon, this whole block size thing? FFS, it's getting really old guys. Like for years and years now has this topic been discussed and debated ad nauseam. By internet armchair warrior geniuses who have no computer programming or blockchain coding expertise, but somehow think they know better than the very people involved with the project, the Bitcoin Core dev team. The block size debate is a dead horse that has been beaten so much over the years, it's been pounded into complete dust.

And then these same people, after years and years of flooding the forums with teeth gnashing, circular and confrontational debate, FINALLY get what they want (BCH w/ 8MB block limit) and their own dev team separate from Core, and then they have the audacity to dismiss it lightly and come back and continue the debate around shoving bigger blocks into Bitcoin? Like now BCH wasn't somehow good enough, wasn't what they wanted after all? I thought that bigger blocks was the answer to all of Bitcoin's problems? Wasn't BCH supposed to solve everything?

These people aren't just debating and discussing ideas. They are trolling.

I know one thing, bitcoin has never been an issue for me, not once, transactions no issues, multiple exchanges and wallets no issue.

Mining, investment, trading no issue

jobs, services, work, no issue

buy gold, property, goods no issue


http://downforeveryoneNOJUSTYOU.com/


if it anit broke dont fix it

if it is going to break LET IT BREAK!.

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[jojo69]

jeez, I wonder if I should pull my buy orders and reset them lower

[JayJuanGee]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

[babanana]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

[BlindMayorBitcorn]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

Just do what I do. Switch to cheaper dreams.

[JayJuanGee]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

[babanana]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

I am at $3400-$3600. That came from the 132 btc I sold last time at $4700 level first week of Sept, Cash out 100k+. Bought back 160btc at $3100, then sold at $4300 3days ago then cash-out excess of 500k. of course I pull them out when avalanche is incoming.

[JayJuanGee]

Aww man, I hope we don't drop below $4k again. I'll have a sad then

I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

I have over 500k worth of tether spread on three exchanges waiting at that level.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

I am at $3400-$3600. That came from the 132 btc I sold last time at $4700 level first week of Sept, Cash out 100k+. Bought back 160btc at $3100, then sold at $4300 3days ago then cash-out excess of 500k. of course I pull them out when avalanche is incoming.

Apparently you have a balls to the walls system that works. I have no idea how to predict either price direction, so I just play both, and I don't make as much money, but I am surely comfortable with my strategy and my strategy seems to pay off pretty well, too.

I suspect that if the market is not going your direction, then you either have a stop loss or a buy back point, too.... so hopefully your bitcoin building strategy continues to work for you.

Historically, when newbies come into this thread bragging about their balls to the walls strategy, they are not really sharing all of the facts and frequently it is difficult to determine the extent of their truthfulness (and whether they are trying to entice people or to talk their book - same idea, and forms of trolling), besides that they want to brag their good plays..  and hopefully they understand the odds of Martingale principles.

[BlindMayorBitcorn]

Sounds like he has a dollars extractions strategy. I'm intrigued.