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

[Phil_S]

Totally serious very mathy Technical Analysis ahead:



3, 5, 8 are Fibonacci numbers, right?

Jump over 3000 : 2017/08/05
Jump over 5000 : 2017/10/12
Jump over 8000 : 2017/12/xx

[Arriemoller]

Totally serious very mathy Technical Analysis ahead:



3, 5, 8 are Fibonacci numbers, right?

Jump over 3000 : 2017/08/05
Jump over 5000 : 2017/10/12
Jump over 8000 : 2017/12/xx

What's the difference between TA and numerology again?

[flynn]

What's the difference between TA and numerology again?

money?

[Phil_S]

And then jump over 9000 on Christmas! You'll see!

[ragnar0k]

Meh in a few hours Koreans with strange business acumen will come along and they will not wait 5 minutes before they sell off all their BTC and dump them in BCH
I am almost tempted to buy some BCH until tomorrow

[vroom]

Totally serious very mathy Technical Analysis ahead:



3, 5, 8 are Fibonacci numbers, right?

Jump over 3000 : 2017/08/05
Jump over 5000 : 2017/10/12
Jump over 8000 : 2017/12/xx

and it continues with:

Jump over 13000 : 2018/02/xx
Jump over 21000 : 2018/04/xx
Jump over 34000 : 2018/06/xx
Jump over 55000 : 2018/08/xx
Jump over 89000 : 2018/10/xx

100k by end of 2018?

[RoomBot]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

BCH is like FIAT. Fine Income - A Thousand.

Google Translate:  Creative Writing Edition

[JayJuanGee]

 There's a difference. Even Wu won't claim BCH is Bitcoin. He says it's something different. At least he's honest about it.

I wonder.  Can you even coherently and without contradiction use the terms "honest" and Wu in the same sentence?


I will concede that you are likely only referring to Wu's rhetoric in regards to BCH NOT being bitcoin, but still, he seems to be such a sneaky destructive slime ball in so many other regards, that it causes me to believe that you may have by giving him too much credit in suggesting that he is "honest" some regard, because I tend to think of honesty as a more deeper character description rather than just some words that are used in a narrow context that happen to be truthful (this time).

[flynn]

BCH slight move up : I have a feeling of déjà Wu

[AlexGR]

 There's a difference. Even Wu won't claim BCH is Bitcoin. He says it's something different. At least he's honest about it.

I wonder.  Can you even coherently and without contradiction use the terms "honest" and Wu in the same sentence?


I will concede that you are likely only referring to Wu's rhetoric in regards to BCH NOT being bitcoin, but still, he seems to be such a sneaky destructive slime ball in so many other regards, that it causes me to believe that you may have by giving him too much credit in suggesting that he is "honest" some regard, because I tend to think of honesty as a more deeper character description rather than just some words that are used in a narrow context that happen to be truthful (this time).

Key words "...about it"

[JayJuanGee]

... maybe yes, maybe not. But the bitcoin scalability is, unfortunately, really poor.

Please fuck off.

hahahahaha

newbie account comes in, and attempts to sound completely reasonable and neutrally assessing the situation.. blah blah blah...

Haven't we seen this before?  seems like deja vu all over again.   

[RoomBot]

in have much many lives. But the bitcoin rather do not throw out of the window.

Dude. Your Goolag Translate shenanigans are seriously turning my brain into a pretzel, while trying to make sense of the english text that is being thrown at my eyes.

I beg of you. Please fuck off back to whichever BCH-pimping-shithole you crawled out from.

Have to agree with you.

Some comments are totally empty & off-topic.

It's a waste of space & everyone's time.  There's enough to read on this thread already!

[JayJuanGee]

Looks like another BCH pump-in-the-making.

Round 2 (... or is it 3, now ?) in the works ?

Do these pumps coincide with when BCH is more profitable to mine which relates to the diff level?
If the hash rate keeps switching, wont the BTC diff rate change down at some point? (assuming that some of the hashes that were on BTC are being diverted to BCH) and that would make BTC more profitable at that point.
I assume that this seesawing will continue until some equilibrium is met or until one chain begins to become more dominant?

What the fuck you talking about?

Bitcoin is already way more dominant than BCH.


Even suggesting that bitcoin is not more dominant suggests that you believe that there is some kind of meaningful following behind BCH besides some opportunists and some pumpers.

Sure, reality could change at some point, and BCH could become more of a thing in terms of building a network - but we seem to be quite a ways from that kind of evolution (or revolution).  Right?

[alexeft]

Think again. BCH is consistently more profitable to mine than is BTC:

Not what I see in fork.lol. Besides, miners don't seem to be leaving!

I have a few questions.

1) Does every node with good connectivity have all mempool transactions in its memory?

No. Though nodes that have been continuously up for a long interval of time (days to weeks) will have near-identical mempool contents.

2) How can I query the mempool myself?

Run a node. Keep it up. (Some implementations make such queries easier than others.)

I understand there are websites you can query for the mempool - to some extent chain browsers can work.

Thanks for the answer.

[AlcoHoDL]

To help clear away all misinformation posted about the Bitcoin Lightning Network (LN), may I suggest to all those interested in the facts, to read the white paper and other relevant documents here:

http://lightning.network/docs/

Section 1 of the paper should be particularly enlightening to those who still have doubts about LN's elegance and superiority in comparison with a mere increase in block size.

[itod]

...
No. Dabs was the one that first postulated daily opening and closing channels. I merely am guiding Dabs to the natural conclusion of that postulate.

If Dabs made proposition for one use-case, and you make generalization based on single case, doesn't that sound wrong to you?

Not only that channels can send funds to each other for the purpose of closing,

Admittedly, I've not heard that before. So you are saying the transactions will never be settled on-chain? You realize then that such transactions are by definition 'not Bitcoin', right?

You haven't heard a lot of things, however you make FUD just for the sake of it. FYI, funds from on LN channel can be transferred to another channel, even o another blockchain. I've told you to Google BTC/LTC LN channel transfers but you would not do that. There's no need to close the channel prematurely to claim the funds, you can transfer it to another channel and leave original channel open. And yes, LN channels are 'not Bitcoin', they just open/close on the Bitcoin blockchain and after that live they life completely independent from BTC blockchain until they close sometime in the future. All countless transactions that can securely happen on the channel do not pollute the blockchain like your big blocks pollute BCH blockchain. So again go educate yourself to find another topic to spread FUD, preferable for you less obviously false.

[Rosewater Foundation]

Cat and bitcoin have much many lives. But the bitcoin rather do not throw out of the window.

Dude. Your Goolag Translate shenanigans are seriously turning my brain into a pretzel, while trying to make sense of the english text that is being thrown at my eyes.

I beg of you. Please fuck off back to whichever BCH-pimping-shithole you crawled out from.

Have to agree with you.

Some comments are totally empty & off-topic.

It's a waste of space & everyone's time.  There's enough to read on this thread already!

Realy, I think, that bitcoin has many lives. You can have a different opinion. OK, your english is better, congrats. Are you better man for this reason? Long life BTC, and BCH also, dude. Wish and will be wished

is the fraudulate bitcoins the same like the real bitcoins??

[mike4001]

Almost 8000 USD ... so close :-/

But it's just business as usual. When approaching a new 1000 we always fall back close before it. A few days later there is a pump which pushes it a couple of hundert USD beyond the limit

[alexeft]

Thanks to Alcohodl and Itod for their posts clearing up things about LN.

The important part is that channel can stay open indefinitely, there's a big penalty to messing with the channel's funds, and also, that funds can be tranferred to other channels (and even other blockchains) without an onchain transaction. 440000 channels can be opened or closed per day, so, there will be a sort of "power up" phase to open the needed channels and then we are talking about many many transactions per day.

Bitch coin on the other hand..................

[julian071]

Thanks to Alcohodl and Itod for their posts clearing up things about LN.

+1