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

[JayJuanGee]

But a wildcard that I'm expecting is the implosion of Finex.

What the fuck is this?  A complete conspiracy?  Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?

Scam me once, shame on you. Scam me twice, shame on me.

You've looked into their issuance of Tethers, and a fully comfortable with the inherent risks?

FUCK!!!  jbreher, you can be annoying as fuck, especially for a picnic table food stealing bear..... Thanks a lot for leaving no food for the rest of us!!!

Yeah, we have had this conversation before about exchange risk and you have been DOWN on Bitfinex, for like ever.  O.k.  Understood.

By the way, I do not hold any value on Bitfinex, because they kicked me off as being too USA related... So I am out of there... NOT by my own choice, though.

without having the real umph of bitcoin - which is that it needs to be difficult to change

You do realize that The SegWit Omnibus Changeset is the single largest surviving change to the Bitcoin protocol ever, right? How do you live through the cognitive dissonance?

You and I are probably talking at cross purposes.. so I don't really see any point to get into any kind of detailed response about this.  I think that I made my points in my earlier post, and now you are trying to scramble them into nonsense, and further your "segwit omnibus changeset" nonsense..   I even had a hard time typing such a nonsensical framing from your nonsense little picnic food eating bear head..

[jojo69]

(check that wallet btw)

respect

[bones261]

You know, with the S2X fork, just because the pool operators are signaling doesn't mean the independent miners are going to stick around and actually mine the S2X fork. The independent miners are not serfs. They are free to point their hash to any pool they like. You think many independent miners are going to stick to a pool mining S2X fork, if it's more profitable to mine on the original chain? Sure, I know Jihan and friends have huge farms. However, Jihan and friends are already devoting at least 500 PH to keep BCH above water. How much more do they have to devote to S2X?
Ver and DCG better pump this S2X up if they expect this to succeed at all.

[pfrtlpfmpf]

Is bitcoin a bubble ?

https://medium.com/@mfishbein/bitcoin-bubble-96eb9358447c

When we´re at 5000, we think 6000 is expensive. When we´re at 6000, we think 7000 is expensive, and so on.

But i have no problem with predictions of tens and hundreds of thousands. It´s entirely possible. We´re just in the middle of finding out, where the real value of bitcoin is, and considering that this process only just started, i feel very comfortable up to now !

Only thing is, i sold to much, so a little correction would be fine with me  

[Rosewater Foundation]

Self respect is independent of economic circumstance.

Not in any world I've ever seen. There's no dignity in poverty. Not a shred.

Only thing is, i sold to much, so a little correction would be fine with me  

Pearls before swine.

[ahmedjadoon]

Are we hitting 10k mark soon?

[LewisPirenne]

Mining isn't a charity and it's not like NYA actually agreed to subsidize miners to point their hashrate at S2X chain.  So people are only going mine the more profitable chain.  

In fact, I find it interesting that Jihan Wu did not go thru the usual "blame Blockstream" routine in his interview.  He actually said that he is indifferent when it comes to tech issues such as scaling roadmap, segwit, etc..  He reserves the criticisms for Theymos, which is just down right bizarre.  Going so far as to answer, "You will have to ask Theymos for that", when asked which implementation does he think will end up being called Bitcoin in the end.  

Of course, it could be that Jihan and Roger Ver has little credibility when it comes to technical issues, as the Core team is widely recognized as being the one with most tech credential and IQ (though with low EQ).  Or Jihan could simply be backtracking a bit, not wanting to be blamed when S2X fork end up being a total clusterfook.  

After all, bitcoin's marketcap is now $100 billion and up 10x since the time when scaling debate really got heated.  So even if Jihan could not give a fook about the users, he has to care about some of the biggest VC names in the Silicon Valley, who had just given him $50 million.  If S2X turns out to be a disaster, Jihan will be blamed for the huge drop in bitcoin price and lose whatever little credibility he has in the industry.  Obviously, he does not want that.

[Searing]

Mining isn't a charity and it's not like NYA actually agreed to subsidize miners to point their hashrate at S2X chain.  So people are only going mine the more profitable chain.  

In fact, I find it interesting that Jihan Wu did not go thru the usual "blame Blockstream" routine in his interview.  He actually said that he is indifferent when it comes to tech issues such as scaling roadmap, segwit, etc..  He reserves the criticisms for Theymos, which is just down right bizarre.  Going so far as to answer, "You will have to ask Theymos for that", when asked which implementation does he think will end up being called Bitcoin in the end.  

Of course, it could be that Jihan and Roger Ver has little credibility when it comes to technical issues, as the Core team is widely recognized as being the one with most tech credential and IQ (though with low EQ).  Or Jihan could simply be backtracking a bit, not wanting to be blamed when S2X fork end up being a total clusterfook.  

After all, bitcoin's marketcap is now $100 billion and up 10x since the time when scaling debate really got heated.  So even if Jihan could not give a fook about the users, he has to care about some of the biggest VC names in the Silicon Valley, who had just given him $50 million.  If S2X turns out to be a disaster, Jihan will be blamed for the huge drop in bitcoin price and lose whatever little credibility he has in the industry.  Obviously, he does not want that.

But that could be his PLAN, IF price dumps badly ..he can be part of a btc roundtable like he was on the LTC roundtable...and reach consensus...in the mean time (just like LTC0 he has
all this NICE cheap crypto of any flavor again to scoop up....like he did wiht LTC.....now he could pull same stunt with BTC (or hell BCH for that manner) win/win/win

He comes out looking like a hero with others...forced to consensus due to massive price dump (assuming consensus was reached on a really big price dump and controversy) and clean up buying more coin low and it all rebounds off the FUD

bitmain: (we do evil well!) tm bitmain

[kurious]

Mining isn't a charity and it's not like NYA actually agreed to subsidize miners to point their hashrate at S2X chain.  So people are only going mine the more profitable chain.  

In fact, I find it interesting that Jihan Wu did not go thru the usual "blame Blockstream" routine in his interview.  He actually said that he is indifferent when it comes to tech issues such as scaling roadmap, segwit, etc..  He reserves the criticisms for Theymos, which is just down right bizarre.  Going so far as to answer, "You will have to ask Theymos for that", when asked which implementation does he think will end up being called Bitcoin in the end.  

Of course, it could be that Jihan and Roger Ver has little credibility when it comes to technical issues, as the Core team is widely recognized as being the one with most tech credential and IQ (though with low EQ).  Or Jihan could simply be backtracking a bit, not wanting to be blamed when S2X fork end up being a total clusterfook.  

After all, bitcoin's marketcap is now $100 billion and up 10x since the time when scaling debate really got heated.  So even if Jihan could not give a fook about the users, he has to care about some of the biggest VC names in the Silicon Valley, who had just given him $50 million.  If S2X turns out to be a disaster, Jihan will be blamed for the huge drop in bitcoin price and lose whatever little credibility he has in the industry.  Obviously, he does not want that.

But that could be his PLAN, IF price dumps badly ..he can be part of a btc roundtable like he was on the LTC roundtable...and reach consensus...in the mean time (just like LTC0 he has
all this NICE cheap crypto of any flavor again to scoop up....like he did wiht LTC.....now he could pull same stunt with BTC (or hell BCH for that manner) win/win/win

He comes out looking like a hero with others...forced to consensus due to massive price dump (assuming consensus was reached on a really big price dump and controversy) and clean up buying more coin low and it all rebounds off the FUD

bitmain: (we do evil well!) tm bitmain

This is a plausible scenario. He has deep pockets and can play a long game.

Everyone involved at the top of this game must be gaming all scenarios. The attack depends entirely on BTC hashing power moving so that blocks are slowed up because miners are tempted to move for more profitable chains and users become confused and panicked and move (or dump) too. This is why S2X has timed it for just before a big difficulty hike.

Jihan will want this battle to play out in his favour of course, BTC being in trouble means his position could be improved massively.

If Core is in trouble or even dented then a land grab possibility will exist and power might shift. This is what the attackers want.

This is not a free money drop, it is a battle for who controls Bitcoin.

[Globb0]

Countach

Ok, that seems to be a reasonable default. I like the style, could never fit in the thing.

However since classic cars are variable, maybe a new Hurican could be a better solid benchmark. And then we can all show up at a dealership at the same time and buy every one in the state.

Because we CAN!

Still, I'm more of a Porsche man myself, but if I ever get to the point of having a driver I'd probably go for a Maybach. Had a friend who was homeless for awhile and had to live in his Maybach, still nicer than my house....

A HTOL should do for popping down the shops in. Versatile for parking.  

[Karartma1]

Yes, this is definetely the only thread that matters when one needs to get the sentiment behind price, scaling, forks and stuff. I've finally come to realize that the November fork is solely about control over Bitcoin.
Bitcoin will not be rebranded or redefined!
The following must be quoted for reference again

Network protocols are not a democracy. They need near universal agreement in order to work.

The reason is simple:

If for every contentious choice, there was a 52% group that said "yes I like that" and a 48% group that said "I don't like that", then you have two protocols. In the second contentious choice for each fork, of similar dynamics (52-48), you have four protocols. In the third, you have eight protocols - which all do not recognize each other. If there were, say, 8 DNS protocols, your router wouldn't even know where to begin with in order to convert a name to an IP address...

Bitcoin is trying to compete with assets like Gold. You can't "fork" Gold or redefine what Gold is and that has value. Bitcoin's resistance to re-definition, likewise has value. Some people are trying hard to damage this resistance in order to say "see? Bitcoin is crap, it can be forked, it can be inflated through forks, uncertainty can be introduced on what fork will be the "right" one, etc etc... gold doesn't have all this bullshit, I'll stick with gold / stocks / fiat".

This is why all the forkers are cancer. They are undermining bitcoin, or are actively trying to control it, under any narrative like "bigger blocks". Even when they had their "big blocks" with BCH and the 8mb fork, now they are trying to take BTC to 8mb as well with S2X. Why don't they simply stick to BCH? It's simple: Because it was never about big blocks, it was about CONTROL.

Very well said!

[micalith]

Classic textbook cup and handle.  amirtie?

[bitcoinPsycho]

new ATH in 1hour and 20 seconds CONFIRMED

[vroom]

new ATH in 1hour and 20 seconds CONFIRMED

time traveler? it looks really good right now

[noobtrader]

wow... keep getting ath 

7500 now.... what was the next ath ?

[Last of the V8s]

new ATH in 1hour and 20 seconds CONFIRMED

y u so bear?

[kurious]

new ATH in 1hour and 20 seconds CONFIRMED

Pessimist!

[Heater]

new ATH in 1hour and 20 seconds CONFIRMED

From now on I'm paying extra special attention to whatever you type here....

Edit:

P.S. ATH CONFIRMED

[Sukovsky]

I'm actually completely bored with this bull run.

[bitcoinPsycho]

new ATH in 1hour and 20 seconds CONFIRMED

From now on I'm paying extra special attention to whatever you type here....

Edit:

P.S. ATH CONFIRMED

thanks . here's some solid advise. Hold your bitcoin  hold hold hold hold