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

[FractalUniverse]

Looks like there are not many B2X supporters in this thread.
To be honest, I dont understand why should ordinary bitcoin users (not big miners) support it over BTC

...
so incumbent holders of bitcoin should not appreciate sabotage attempts, right?

yeah. Thats what i dont understand. Someone is pushing hard for b2x , but there are actually very few bitcoiners supporting it. And I have noticed lack of people promoting it, compared to BCH and BTG. I smell rats

[Last of the V8s]

https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/
"We will regulate, make bitcoin not wild, nor wilder. We'll tame it into a regular type instrument of trade with rules."
Disclosure: CME Group is an investor in Digital Currency Group, CoinDesk's parent company.
someone's gonna get rekt

I'm going to need stronger popcorn

They've released the specs for their futures
http://www.cmegroup.com/trading/bitcoin-futures.html
... Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price. ...

[xhomerx10]

https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/
"We will regulate, make bitcoin not wild, nor wilder. We'll tame it into a regular type instrument of trade with rules."
Disclosure: CME Group is an investor in Digital Currency Group, CoinDesk's parent company.
someone's gonna get rekt

I'm going to need stronger popcorn

They've released the specs for their futures
http://www.cmegroup.com/trading/bitcoin-futures.html
... Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price. ...

 Love the picture!

[Torque]

Looks like there are not many B2X supporters in this thread.
To be honest, I dont understand why should ordinary bitcoin users (not big miners) support it over BTC

...
so incumbent holders of bitcoin should not appreciate sabotage attempts, right?

yeah. Thats what i dont understand. Someone is pushing hard for b2x , but there are actually very few bitcoiners supporting it. And I have noticed lack of people promoting it, compared to BCH and BTG. I smell rats

So the real question is this. At what point in Bitcoin's history do people start to realize that all these contentious, unwanted, and unwarranted forks are simply FUD attacks? None of these forks are majority user-driven or majority user-supported. None of the users asked for them and none of them care.

Bitcoin is not a stock. In the stock market, the made up enemies of a company's stock are like quarterly earnings rumors, worries about competitors, corporate takeover threats, internal shakeups, etc. The FUDsters and shorters use this 'false' FUD to create volatility around certain stocks, but at the end of the day it's all pretty much short term made up bullshit.

Bitcoin is not a company, has no CEO or employees, and has no quarterly earnings. So for the whale FUDsters to create volatility, they need to "create" threats out of thin air, so thus we get unwanted contentious forks, govt banning threats, negative MSM articles, miner hostile activity, glitzy shitcoin ponzi scams (distraction), worry about alts taking away market share (distraction), etc. They used to hack exchanges to create this volatility, but that threat is pretty much over now.

Otherwise Bitcoin would have no enemies and no worries. Zero. Just bullish sentiment and everyone in the industry would be behind it 100%. But this does not work for the establishment. They can't have that, won't allow a feeling of positivity and contentment around Bitcoin. They must create new FUD and attacks every month it is alive.

[Ludwig Von]

In support for BTC and very much how I think about it. And confirming what most users think about all the forks and other fuzz to solve "Des maladies imaginaires".

http://www.zerohedge.com/news/2017-11-07/bitcoin-digital-gold

[Whtwabbit]

Looks like there are not many B2X supporters in this thread.
To be honest, I dont understand why should ordinary bitcoin users (not big miners) support it over BTC

...
so incumbent holders of bitcoin should not appreciate sabotage attempts, right?

yeah. Thats what i dont understand. Someone is pushing hard for b2x , but there are actually very few bitcoiners supporting it. And I have noticed lack of people promoting it, compared to BCH and BTG. I smell rats

So the real question is this. At what point in Bitcoin's history do people start to realize that all these contentious, unwanted, and unwarranted forks are simply FUD attacks? None of these forks are majority user-driven or majority user-supported. None of the users asked for them and none of them care.

Bitcoin is not a stock. In the stock market, the made up enemies of a company's stock are like quarterly earnings rumors, worries about competitors, corporate takeover threats, internal shakeups, etc. The FUDsters and shorters use this 'false' FUD to create volatility around certain stocks, but at the end of the day it's all pretty much short term made up bullshit.

Bitcoin is not a company, has no CEO or employees, and has no quarterly earnings. So for the whale FUDsters to create volatility, they need to "create" threats out of thin air, so thus we get unwanted contentious forks, govt banning threats, negative MSM articles, miner hostile activity, glitzy shitcoin ponzi scams (distraction), worry about alts taking away market share (distraction), etc. They used to hack exchanges to create this volatility, but that threat is pretty much over now.

Otherwise Bitcoin would have no enemies and no worries. Zero. Just bullish sentiment and everyone in the industry would be behind it 100%. But this does not work for the establishment. They can't have that, won't allow a feeling of positivity and contentment around Bitcoin. They must create new FUD and attacks every month it is alive.

Sounds a bit like "they" want to make "order out of chaos" (for them of course)

[smartcomet]

Yeah, it's sometimes hard to have that vision into the future that others do not. To have an analyst mind and extrapolate current events forward in time and say "Well if things keep going as they are now [wrt something], then in 15-20 yrs it's gonna be pretty much like this..."

And then plan accordingly.

Right, vision is very important.

[afbitcoins]

You can fuck off with your "bitcoin segwit" bullshit, and your attempt to suggest that there is some other bitcoin, currently.

I'm a bit suprised by the venom in your response Jay. No offense was intended. Only to make a point that the segwit branch is just as much a fork as so called 'altcash' or 'bcash' (see what I did there). If there was such a consensus as you describe then bitcoin cash would not exist. Yet it does.  In your face.

As I already stated, I simply disagree with your attempt to describe some kind of rhetorical equality.  

There are attacks on the true and real bitcoin and anyhow, I already said what I had meant to say, so I doubt that there is anything further that is necessary from my end, because whatever you said does not help your case, including your supposed "in your face" retort that has NOT actually retorted anything of any substantial or material significance.  

You simply disagree but in a rude and aggressive manner. But thats OK I'm not particularly bothered about your vulgar language, I sometimes use expletives myself. My in your face retort punctuated the fact that you have no rebuttal to my assertion that the mere existence of bitcoin cash proves you wrong when you state there was full consensus to implement segwit. I suppose I could have said fuck you or something like that though, might have been easier. But still you have no rebuttal.

[Odalv]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

$8k USD/BTC by end of November.

$12k will not surprise me

[arklan]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

$8k USD/BTC by end of November.

$12k will not surprise me

12k in 23 (ish) days, with a major holiday in the US interrupting money wires? that's 5k away. i mean it's possible, we've seen steeper climbs i think. but i, for one, would find anything about 8k pretty surprising, given the expected dip from the fork.

[Rosewater Foundation]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

[AlexGR]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

Comment a bit below

07/Nov/2017 @VitalikButerin on brink of second bailout for dumb contracts

[Rosewater Foundation]

From Parity developer Jutta Steiner:

It was the wallet library contract that suicided. Not the wallets themselves where the funds sit. So, wallets lost the info how they should operate, in particular how funds can be withdrawn.

sounds like a hoot

[Rosewater Foundation]

From Kurt Vonnegut:

We are trapped in the amber of the moment. There is no why.

and so it goes

[Torque]

From Parity developer Jutta Steiner:

It was the wallet library contract that suicided. Not the wallets themselves where the funds sit. So, wallets lost the info how they should operate, in particular how funds can be withdrawn.

sounds like a hoot

Ethereum is like the Rube Goldberg machine of cryptographic solutions designed to solve a problem that doesn't exist and no one really cares to solve anyway. Outside of providing fuel to pump ICO and MLM Ponzi scams, I'm not even sure why it exists at all.

[Rosewater Foundation]

From Parity developer Jutta Steiner:

It was the wallet library contract that suicided. Not the wallets themselves where the funds sit. So, wallets lost the info how they should operate, in particular how funds can be withdrawn.

sounds like a hoot

Ethereum is like the Rube Goldberg machine of cryptographic solutions looking for a problem that doesn't exist.

"Because it was defined as a contract, it had an uninitialized owner variable. Someone initialized that variable as themselves and killed the contract. This contract contained underlying code for the actual multisig wallets. Killing this basically killed the functionality for these wallets."

srsly wtf are they doing over there with their money??

[Heater]

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

[Rosewater Foundation]

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

I guess Bitcoin Cobra is next. Shiny new POW

[Torque]

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

[AlexGR]

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

Why call them bitcoin forks and not ...altcoins. I mean after dogecoin it was all about the altcoin boom. It's just that after tampering with the parameters, they also changed the "brand". There are plenty of altcoin generators for this kind of stuff.

As for Bitcoin Gold, well:

-BCH launched and changed one thing: The difficulty adjustment. The one thing they changed, is broken and has to be forked again to fix it...
-Segwit 2x is absolutely reckless and irresponsible: No replay protection...
-Bitcoin Gold guys wanted to add but don't even know how to build a replay protection...

Who in their right mind would even care for this type of crap? BTC has plenty of good devs to support it as it moves forward. The other coins are amateur-ish (at best). And that's why BTC will be king...