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

[HairyMaclairy]

that...would be a lower low

perhaps momentary tape painting...remains to be seen

I will be looking for a bit of a bounce coming out of the US bank holiday. If we don’t get that then I might need to recalibrate my expectations a bit.

[JayJuanGee]

that...would be a lower low

perhaps momentary tape painting...remains to be seen

Means that we be going down?    

if so:    


Except some of us be taking advantage of such and buying some more:          right?  

that...would be a lower low

perhaps momentary tape painting...remains to be seen

I will be looking for a bit of a bounce coming out of the US bank holiday. If we don’t get that then I might need to recalibrate my expectations a bit.

Fair enough!!!!!!

[OWZ1337]

that...would be a lower low

perhaps momentary tape painting...remains to be seen

Means that we be going down?    

if so:    


Except some of us be taking advantage of such and buying some more:          right?  

if cryptolocker(extortionist software) is hacked >_> bitcoin crashes to zero? :-D lol

[JayJuanGee]

that...would be a lower low

perhaps momentary tape painting...remains to be seen

Means that we be going down?    

if so:    


Except some of us be taking advantage of such and buying some more:          right?  

if cryptolocker(extortionist software) is hacked >_> bitcoin crashes to zero? :-D lol

I don't understand how you come to any of your implied conclusions.  1) there is some kind direct negative correlation with cryptolocker and btc price, or 2) such supposed negative correlation would drive btc prices to zero  - and even if your underlying logic is correct, what are the odds, like .00001%   ... Why would we spend more than a fraction of a second (which surely is less time than I spent to write this inquiry post) considering some baloney .00001% odds event(s)?

[conspirosphere.tk]

[OWZ1337]

that...would be a lower low

perhaps momentary tape painting...remains to be seen

Means that we be going down?    

if so:    


Except some of us be taking advantage of such and buying some more:          right?  

if cryptolocker(extortionist software) is hacked >_> bitcoin crashes to zero? :-D lol

I don't understand how you come to any of your implied conclusions.  1) there is some kind direct negative correlation with cryptolocker and btc price, or 2) such supposed negative correlation would drive btc prices to zero  - and even if your underlying logic is correct, what are the odds, like .00001%   ... Why would we spend more than a fraction of a second (which surely is less time than I spent to write this inquiry post) considering some baloney .00001% odds event(s)?

one theory is that EVERYONE is wrong and that is the ONLY thing driving the price up..    ha ~ just a thought...prolly way off*

[HairyMaclairy]

BTC dominance 34% and rising. 

Grinding the alts to dust would be a helpful outcome. 

[OWZ1337]

BTC dominance 34% and rising.  

Grinding the alts to dust would be a helpful outcome.  

alts' kool aid are what drive bitcoin hype..just turn on youtube if you don't believe me   weee

[HairyMaclairy]

Yes the sort of people who log on and buy whatever the troll box is yelling.

[Bloomie]

Don't even get me started on some of those youtube accounts. Like those 3 douchenozzles that made their money flipping cars and are suddenly crypto experts and telling people to buy shitcoins like paccoin. When will people stop falling for pump and dump schemes? Bitcoin is king.

[jbreher]

Do you claim that every BTC user runs a fully-validating, non-mining wallet client (often erroneously referred to as a 'full node')? Do you claim that no BCH user runs a fully-validating, non-mining wallet client? If the answers respectively are not 'yes' and 'yes', then I fail to see what your point is. Neither is purely peer-to-peer, and neither is purely client-server.

Per your rationale, if BTC, say, has 20.000 nodes and BCH has 20 nodes, they are the same, in their neither being pure p2p or pure client/server... yet, if you aren't intellectually dishonest, you realize that there is a big quality difference.

Of course jbreher's being intellectually rogueish. He's smart enough to know better.

Smart enough to know that nobody of 'normal' means that truly wants to run a fully-validating, non-mining wallet client -- be it BTC or BCH -- is unable to do so.

But but... farmers in Africa?
But but... the democratic finance that Ver says he dreams of, while Bitcoin forgot it and it's only for the elites?

It's the same concept at the basis of PoW: Working must be hard, checking must be easy. And stay easy.

So what is your point here? Do you assert that farmers in Africa are able to run a fully-validating, non-mining wallet client for BTC are fully able to, but are utterly unable to do so for BCH?

[JayJuanGee]

that...would be a lower low

perhaps momentary tape painting...remains to be seen

Means that we be going down?    

if so:    


Except some of us be taking advantage of such and buying some more:          right?  

if cryptolocker(extortionist software) is hacked >_> bitcoin crashes to zero? :-D lol

I don't understand how you come to any of your implied conclusions.  1) there is some kind direct negative correlation with cryptolocker and btc price, or 2) such supposed negative correlation would drive btc prices to zero  - and even if your underlying logic is correct, what are the odds, like .00001%   ... Why would we spend more than a fraction of a second (which surely is less time than I spent to write this inquiry post) considering some baloney .00001% odds event(s)?

one theory is that EVERYONE is wrong and that is the ONLY thing driving the price up..    ha ~ just a thought...prolly way off*

That is one of the goofiest fucking theories that I have ever heard.   

[Heater]

Don't even get me started on some of those youtube accounts. Like those 3 douchenozzles that made their money flipping cars and are suddenly crypto experts and telling people to buy shitcoins like paccoin. When will people stop falling for pump and dump schemes? Bitcoin is king.

Speaking of good old Paccoin, it seems to be in a bit of trouble at the moment. POS is a minefield:

https://bitcointalk.org/index.php?topic=331394.msg28187000#msg28187000

the chain is constantly forking which is a huge problem. The forks are caused by a flaw in the SetBestChain logic. PoS blocks of a lower height (aka. blocks that should be less trustworthy and rejected) are being accepted as valid and erasing valid PoW, PoS, and transactions. The net effect is that work is being lost / wasted while older PoS account are benefiting from a reduced coin supply and the ability to wipe out, in some cases, hours or work by other miners. Worse, transactions are being lost into the void. If you scan the block chain manually you can find plenty of transactions that were sent on one chain, then overwritten, and are currently sitting in the chain with 0 confirms despite being valid transactions because they were eaten on a fork. I've seen some for well over a million PAC get lost to the void -- which is a MASSIVE problem.

[jojo69]

^ THAT sounds like a shit show

[LewisPirenne]

I thought the "Nothing-at-Stake" problem is well understood by now, i.e. large PoS stakeholder will just "mine" every fork since it cost zilch to do so.  So people falling that kind of scam, thinking that they would be earning "interest" from doing nothing is going to get screwed by the whales.

[Paashaas]

Friends, family, co-workers, Bcash noobs it's always the same story; they will never learn

[jojo69]

mtgox: ok I think I'm going to sell off a bunch this weekend. Maybe place a dark buy order around $1.5 just incase others do as well?

Mark Karpelès: I don't see things going down to $1.5 this weekend

Mark Karpelès: maybe $2.2

mtgox: if I sell 20k they will

Mark Karpelès: oh

Mark Karpelès:

mtgox: so put it low enough where I don't hit it

Mark Karpelès: let's say 80k BTC, that's 120k$

Mark Karpelès: let's give gox bot a loan big enough for this

mtgox: ok. maybe better for a new account so the accounting is more clear?

Mark Karpelès: not much of a problem, gox bot's balance is not authoritative anymore anyway

[Toxic2040]

mtgox: ok I think I'm going to sell off a bunch this weekend. Maybe place a dark buy order around $1.5 just incase others do as well?

Mark Karpelès: I don't see things going down to $1.5 this weekend

Mark Karpelès: maybe $2.2

mtgox: if I sell 20k they will

Mark Karpelès: oh

Mark Karpelès:

mtgox: so put it low enough where I don't hit it

Mark Karpelès: let's say 80k BTC, that's 120k$

Mark Karpelès: let's give gox bot a loan big enough for this

mtgox: ok. maybe better for a new account so the accounting is more clear?

Mark Karpelès: not much of a problem, gox bot's balance is not authoritative anymore anyway

^ THAT sounds like a shit show 

*edit
There was some sly comment about PoS and non-authoritative chains but I've forgotten...

[peonminer]

Something's got to give.

Will it be 13k or 1MB blocks first?

[Toxic2040]

Something's got to give.

Will it be 13k or 1MB blocks first?

13k it looks like. Looks like another good buy area to me.