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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26490017 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
rolling
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October 26, 2017, 02:49:21 AM

This just aired live on ABC:

http://www.thelisttv.com/the-list/crypto-what-everything-you-need-to-know-about-bitcoin

Heater
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October 26, 2017, 03:21:55 AM


Actually explained how to buy them and left out all the crap about criminals?
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October 26, 2017, 04:00:25 AM

After 2 weeks of going nowhere, the market depth on Bitstamp looks interesting. The number coins has edged up to 3450 but the cash as shot up to $83m.

If/when the price hits 6k that will wipe out about a third of those coins and there will still be a crazy amount of $$ on the sidelines missing out and presumably waiting for a dip to 3k that will never happen.

There could be another stampede on the way..... if not, it still looks like we have reasonable support at this crazy level.
BlindMayorBitcorn
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October 26, 2017, 04:06:22 AM


I hope Jeff has a better marketing team behind his alt fork. Because this is embarrassing.



Just what even?? Is that a Pokemon toy?
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October 26, 2017, 04:18:32 AM

https://twitter.com/JihanWu/status/923242864263303168

"Bitcoin Cash is super fast, super low cost tx fee, super Satoshi Nakamoto."
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October 26, 2017, 04:48:28 AM


I hope Jeff has a better marketing team behind his alt fork. Because this is embarrassing.

https://pbs.twimg.com/media/DM8tQ3yWAAAR2f_.jpg

Just what even?? Is that a Pokemon toy?

Is that even serious?  Or is it photoshopped?

Though I do kind of get the joke as that main character from Pokemon is named サトシ (Satoshi), taken from the creator of Pokemon, Satoshi Tajiri.  But still, I am sure new comers would be puzzled and think that they are buying some virtual currency for the Pokemon Go app.   Roll Eyes
BlindMayorBitcorn
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October 26, 2017, 05:00:26 AM


I hope Jeff has a better marketing team behind his alt fork. Because this is embarrassing.

https://pbs.twimg.com/media/DM8tQ3yWAAAR2f_.jpg

Just what even?? Is that a Pokemon toy?

Is that even serious?  Or is it photoshopped?

Though I do kind of get the joke as that main character from Pokemon is named サトシ (Satoshi), taken from the creator of Pokemon, Satoshi Tajiri.  But still, I am sure new comers would be puzzled and think that they are buying some virtual currency for the Pokemon Go app.   Roll Eyes

I don't know if serious is the right word. He retweeted it. Can you get sued over Twatter?
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October 26, 2017, 06:33:39 AM

The fact people aren't migrating away from Coinbase en masse tells me something about people--they're mostly a bunch of apathetic wankers.
I spent time and effort to teach some friends about how to use proper wallets before the bcash drama. at the end when they did claim their bcash they asked  : ok, thanks great! how do I go back to coinbase now? Roll Eyes

I am not going to help them anymore
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October 26, 2017, 07:52:16 AM


I am not trying to insult Bitcoin. You cannot deny that SegWit did not appear as it would become reality until miners signaled for NYA. Further, a significant portion of the community is fully behind S2X.  See above. The box is yet to be opened.

Yeah?  Spin all that you like jbreher.. that is not what happened.

Bullshit. It is exactly what happened. Signaling support for segwit was anemic. It was not until the NYA agreement and signaling of S2X that segwit amassed any provable support. That is what occurred, and it is clearly within the record.



Notice how jbreher just comes here to troll, and then leave.

WTF are you talking about? I am here, I was here, and I will continue to be here. I have read each and every post in this thread, participating regularly, going back to April of 2013. I ain't going nowheres.

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He doesn't really give a shit what the latest Bitcoin fork du jour is, as long as it's not the current core

Well, that is not true in the least. For instance, I'd rather Bitcoin Gold or GPU or whatever they're calling it today never saw the light of day (which it indeed may not). However, as far as satoshi's original principles are concerned, the calculus is:
BCH >> S2X > S1X
due to increased capacity not choking off adoption.

Quote
Thus the reason why he shilled for XT/BU

Inasmuch as the word 'shilling' means 'accepting payment for advocacy', I did not shill for either XT nor BU. I did support each in turn, as each at the time seemed the best positioned to break the logjam of stupid centrally-planned production quotas limiting capacity and thereby stifling adoption.

Quote
then got his BCH with 8X but still isn't happy,

Incorrect. I am quite happy with BCH. As it has capacity exceeding current demand. Just as Bitcoin had from the time satoshi created it until about 18 months ago when the new membership of core allowed a stupid production quota to limit capacity and stifle adoption. I'm a little disappointed with the level of adoption so far, but I am patient. It will come around.

Quote
and now discarding it just like Ver/Wu/Wright

Incorrect again. See above. BCH >> S2X > S1X

Quote
and has moved on to promoting 2X.

Wrong yet again. I am not promoting S2X. Indeed, If I have anything I would like to promote, it remains Bitcoin Cash. I am not promoting S2X; I am correcting misstatements.

Quote
And when that fails, I guess he'll just move on to shilling for the next contentious fork?

Nope. I will continue to advocate for Bitcoin Cash. However, if another fork challenges S1X, and has the properties I deem worthy (i.e., no or relaxed stupid centrally-planned production quotas limiting capacity and stifling adoption; and no other new fatal missteps), then I will indeed advocate that over S1X.

Quote
The trolls like him

The word 'troll' conveys someone who posts simply to irritate. I do not. I post to advocate for that which I believe is the right path forward.

Quote
will never stop,

Well, you finally got one right. I am unlikely to stop. My financial future is intertwined with the success of Bitcoin. Which is why I advocate for a Bitcoin I believe has the most solid future.

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because they hate a decentralized, non-corp controlled Bitcoin

100% backwards.

Quote
with the core team currently at the helm.

Well, there is an element of truth to this. While I acknowledge that Core is very strong on the technical front, their knowledge of economics, sociology, and game theory is woefully inadequate. Worse yet, they can't see that this is the case.

But in review, it is quite clear that you have absolutely incorrect assumptions about me, my motivations, and my actions. Perhaps you should stop hyperventilating long enough to think.



The point remains that any 'changing of the guard' would be an abdication*. And hence, would not be merely an effort to overthrow the current devs with ones more malleable.
You mean: Core would abdicate by refusing to code for a project (S2X) that they don't subscribe to.

*Much as we all abdicated our consensus-determining (i.e., mining) power years ago.
You mean: we abdicated by exiting the arms race for mining.

Actually, these are different actions

Agreed. I was merely drawing an analogy. But both of them involve giving up a held power.

Quote
we, the users giving up mining - was more or less unavoidable, given the financial and existential investment in becoming a pro miner.

I don't think that is true. Who here still mines? Show of hands? I know there are some here that mine on a limited scale.

But more to the point, there was nothing preventing each of us from jumping in and mining. Sure, it seems an insurmountable expense today (but is it really? what about the small scale miners in existence?) but at the dawn of the pro miner era, there were no pro miners. Or IOW, when the mining gets tough, the tough get pro. Yes, we abdicated.

Quote
I want to understand the ultimate reason why you support your claim. What do you expect the normal user could gain from something like S2X?

As I have been saying for literally years, the stupid centrally-planned production quota that limits capacity is stifling adoption. I expect S2X (in comparison to S1X) to allow double the number of transactions per second, per hour, per day. Therefore reenabling use cases that have been obsoleted by Cores insane Raspberry Pi fetish. More use cases = more usability. Pretty simple calculus really. Oh - and lower fees besides.

It ain't Bitcoin Cash, but it's double the goodness of S1X.

Besides, we've shown that bigger blocks are not a problem. Why the obstinance on the part of Core? I think they're merely afraid of losing face.
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October 26, 2017, 08:19:37 AM

The fact people aren't migrating away from Coinbase en masse tells me something about people--they're mostly a bunch of apathetic wankers.
While I agree with the sentiment at least coinbase have stated upfron that their customers will have access to coins on both chains.
For me the bigger issue is bitpay - and their power to force transactions onto one chain or the other, and asfaik they have not rolled back from NYA as yet.
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October 26, 2017, 09:06:32 AM


Besides, we've shown that bigger blocks are not a problem.

Yeah right....  Roll Eyes Roll Eyes   The royal "we" have not shown shit about "bigger blocks are not a problem."    You are just making up shit and trying to act like there is some kind of evidence to support your desired outcome for bigger blocks with no fucking evidence whatsoever beyond mere assertions and whining for more than 2 years.  Actually the fact that the blocks have not gotten bigger during this period, and the price has gone up more than 20x including user base and adoption going up at decent levels should provide some evidence supporting the exact opposite - that bigger blocks are not needed.  Furthermore largely since about July 2017, there has been a lot less spamming of the bitcoin network, and fees and transaction times have been pretty fucking reasonable (low and fast respectively).

Why the obstinance on the part of Core? I think they're merely afraid of losing face.

Yeah.. paint core as obstinate and afraid of losing face is also a pure fabrication on your part.  There is no need for larger blocks, and you expect that core needs to change its position merely because of ongoing and big blocker forking terrorist threats when the facts have not changed and only the sabotage threats have increased?
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October 26, 2017, 10:05:37 AM



Looks RSK is coming with an ICO pre sale in december this year.
Decky: "they are going to create tools to make porting from Ethereum network over to Bitcoin seemless for existing coins"

So what do you think guys? Bullish? The Eth killer??
An ICO on Bitcoin. Do you like it or not??
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October 26, 2017, 10:17:08 AM


I am not trying to insult Bitcoin. You cannot deny that SegWit did not appear as it would become reality until miners signaled for NYA. Further, a significant portion of the community is fully behind S2X.  See above. The box is yet to be opened.

Yeah?  Spin all that you like jbreher.. that is not what happened.

Bullshit. It is exactly what happened. Signaling support for segwit was anemic. It was not until the NYA agreement and signaling of S2X that segwit amassed any provable support. That is what occurred, and it is clearly within the record.


Actually jbreher, initially, I was not going to respond to our reiteration of our difference of opinion, here; however, upon further reflection, this seems to be part of your problem and a part of the problems of the BIG blocker nutjobs like yourselves who are trying to suggest that somehow segwit does not have support. 

It does not fucking matter whether you and your small minority of nutjobs believe that segwit has support or not.  Do you recall that segwit went through an actual consensus generating period and then a locking in and then an activation and now we are in the implementation.  That is all water under the bridge... so stop fucking crying about it as if it were illegitimate, because it has passed through the process of adoption into bitcoin realtm

Yes, yes, yes, I understand that you want to argue that 2x was part of that deal, but you are fucking 99.95% wrong about that.. 2x was not part of that deal.  Sure, 2x was there in the background and 2x was in the simultaneous discussions, but nobody fucking passed 2x.  2x was always subject to testing, approval and consensus gathering, which it never achieved.  The bullshit signaling that was part of the NYA bullshit not the same as actual gaining of actual consensus.  So, in that regard, 2x never had any official implementation mechanism beyond a bunch of current whiners that are now planning to renegade hardfork it because they have not been able to get it accepted under the normal processes and procedures.

Anyhow, the proof of the pudding is in the eating (that is the fact that segwit actually got passed through official processes) rather than your whining claim that it never had any kind of decent and meaningful support until after the NYA agreement... again the NYA only ended up as a kind of BIP91 facilitator.. that then caused a road forward for segwit to become adopted through official channels and without the baggage of 2x (except that 2x would be considered later)
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October 26, 2017, 10:18:09 AM


I hope Jeff has a better marketing team behind his alt fork. Because this is embarrassing.

https://pbs.twimg.com/media/DM8tQ3yWAAAR2f_.jpg

Just what even?? Is that a Pokemon toy?

Is that even serious?  Or is it photoshopped?

Though I do kind of get the joke as that main character from Pokemon is named サトシ (Satoshi), taken from the creator of Pokemon, Satoshi Tajiri.  But still, I am sure new comers would be puzzled and think that they are buying some virtual currency for the Pokemon Go app.   Roll Eyes

I don't know if serious is the right word. He retweeted it. Can you get sued over Twatter?

Notice that Wu is either too stupid or too lazy to even rotate the "B" correctly for BCH. And stealing the font style from Bitcoin logo as well. Nice. Too bad there is no Bitcoin company per se to file a lawsuit against him and his cronies for trademark infringement. In China they don't give shit anyway, I guess they steal branding and marketing from famous brands all the time.
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October 26, 2017, 10:23:52 AM
Last edit: October 26, 2017, 10:41:17 AM by Torque

Incorrect. I am quite happy with BCH. As it has capacity exceeding current demand. Just as Bitcoin had from the time satoshi created it until about 18 months ago when the new membership of core allowed a stupid production quota to limit capacity and stifle adoption. I'm a little disappointed with the level of adoption so far, but I am patient. It will come around.
If you have BCH and are happy, and you think adoption of BCH will grow, then you don't need Bitcoin to change anything. Why should you care. It's not your concern anymore. So stfu about it.

Besides, we've shown that bigger blocks are not a problem. Why the obstinance on the part of Core? I think they're merely afraid of losing face.

Buuahahahahaha!!! So full of shit! Good luck trying to gaslight people with that one. BCH has been a complete trainwreck with bigger blocks, hashrate so unstable, AND mining is 90% completely controlled by the Ver/Wu/Wright camp.  Roll Eyes  Roll Eyes

And your previous wall of replies were ridiculous and cringe worthy. Fuck off dude.

I don't know why I even bother. Back to /ignore for you, idiot
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October 26, 2017, 11:16:03 AM

hi who know when bitgold will be available for trade and deposit and withdrawals in bitfinex and bittrex and other sites exchange?  And what is the real price for btg?
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October 26, 2017, 11:16:55 AM

Just analyzed the latest movements. Smiley
I marked the interesting spots for you Smiley



 Cool
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October 26, 2017, 11:18:03 AM

.... some good lift here, maybe that AMZN rumour has some substance, who knows. It is really is a mystery how silent the FANG boyz are on bitcoin and crypto given how vocal the major banks and Wall St. have become. What is the FANG crypto strategy, the longer they stay silent the worse it looks for them ....

isn't it time that jbreher apologised for all the Bcash and 'hard fork now!' pissing, moaning and whining?  Clearly wrong about segwit, clearly wrong about urgency of hard forking ... just so much wrong on so many levels, sooner or later you got to admit your wrongness or it will eat you up for the rest of your life. Be wrong, own it, revel in it, the truth will set you free in your splendid wrongness.

Bitcoin will hard fork to a new blocksize regulation algorithm when a suitable solution is found and it is good and ready, not before, thanks, not tonight dear.
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October 26, 2017, 11:43:29 AM

Just analyzed the latest movements. Smiley
I marked the interesting spots for you Smiley



 Cool

Confirmed!

This is gentlemen!

CCMF!
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October 26, 2017, 12:01:37 PM

I must admit I was a bit worried by the look of this latest correction but this is a convincing breakout, I expect a new ATH within a few days! CCMF!
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