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

[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.

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[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 So, wallets lost the info how they should operate, in particular how funds can be withdrawn.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 So, wallets lost the info how they should operate, in particular how funds can be withdrawn.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 So, wallets lost the info how they should operate, in particular how funds can be withdrawn.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...

[bitcoinPsycho]

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

bring it on

[Vin]

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

bring it on

Attack!

[Heater]

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

[marcus_of_augustus]

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend

One high-profile company impacted is Polkadot, a project to link private-public blockchains that raised over $140 million in a token sale and was started by Parity co-founder Gavin Wood. Polkadot confirmed its wallets have been frozen and TechCrunch understands that 60 percent of its ICO raise is potentially affected.

I guess in this instance the dog is getting to eat his own vomit ...

[Heater]

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)

How the hell are you making these perfect predictions???

[Heater]

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)

How the hell are you making these perfect predictions???

7300 Confirmed!

[arklan]

I thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Now that it's a scenario I can see happening.

[Paashaas]

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

LOL?

I'm not suprised to see this happening. ETH looks great on paper but is a huge mess.

Rootstock and simplicity offers a much more solid smart contracts solution. Rootstock comes to Bitcoin after the 2x shitshow is over.

[ragnar0k]

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)

How the hell are you making these perfect predictions???

Seriously dude, I need your crystal ball for lambo purposes.