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

[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.

[JayJuanGee]

Something's got to give.

Will it be 13k or 1MB blocks first?

Why don't stop presenting a false dichotomy and get off your big blocker propaganda spreading ass and buy some bitcoins?

 

[RoomBot]

Breaking 24777$ prediction game      FINAL LIST        

27/12/2017 bikerleszno
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30/12/2017 digithusiast
31/12/2017 Raja_MBZ
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04/01/2018 d_eddie  
05/01/2018 BTCMILLIONAIRE
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12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

You might be here a while @mcgoossens!  

[Arriemoller]

Would it be a stretch to say that there are too many people on the planet?

Yes. Estimates are the planet can support about 10 billion, which we should reach in about the year 2100.

Watch this and be amazed.

https://www.ted.com/talks/hans_rosling_on_global_population_growth?language=sv#t-101139

[Heater]

@midmagic https://twitter.com/midmagic/status/953024852083945472
If this is what I think it is, this is one of the main former Ripple guys (Jed McCaleb) and Mark Karpeles talking directly about stealing BTC from their disused user accounts to make up for thefts:

Dear Lord:

[Thu Mar 3 12:45:08 2011] mtgox: pass is: 3r56t

They are talking about root SSH to main MtGox server. What an amateur hour that was. Read the whole log if you have the stomach for it:
https://courts.ms.gov/newsite2/appellatecourts/docket/sendPDF.php?f=dc00001_live.SCT.17.M.1681.102741.5.pdf&c=87490&a=N&s=2

What about this one - the password is aaaaaaaa.

[Sun Mar 6 09:45:57 2011] mtgox: do you want the mtgox forum account?
[Sun Mar 6 09:47:35 2011] Mark Karpelès: mh
[Sun Mar 6 09:47:42 2011] Mark Karpelès: I'd guess its email is @mtgox.com
[Sun Mar 6 09:47:56 2011] mtgox: yeah
[Sun Mar 6 09:48:42 2011] Mark Karpelès: ok
[Sun Mar 6 09:48:49 2011] Mark Karpelès: so I can easily reset it anyway
[Sun Mar 6 09:49:04 2011] mtgox: it is just: aaaaaaaa
[Sun Mar 6 09:49:11 2011] Mark Karpelès: heh
[Sun Mar 6 09:49:16 2011] Mark Karpelès: better change that quickly
[Sun Mar 6 09:49:17 2011] Mark Karpelès: :p
[Sun Mar 6 09:49:23 2011] mtgox: heh probably
[Sun Mar 6 09:50:22 2011] Mark Karpelès: done

They also give the stolen coins transaction. The 79k coins are still sitting there in 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF

I wonder if Jed (edit: or whoever was the thief) will ever move them?

Edit: and this is where is all went so wrong:

[Thu Apr 28 08:29:18 2011] Mark Karpelès: we got an incoming $25015.25 wire
[Thu Apr 28 08:29:43 2011] mtgox: in the euro account?
[Thu Apr 28 08:29:46 2011] Mark Karpelès: yours
[Thu Apr 28 08:29:50 2011] Mark Karpelès: US domestic wire
[Thu Apr 28 08:29:57 2011] Mark Karpelès: for account MemoryDealers
[Thu Apr 28 08:30:08 2011] mtgox: ok

[STT]

Sideways is boring, cmon we need drama we re addicted to that  

It's getting a little bit weird at this point. Since I joined this space there have rarely been periods (atleasy periods that lasted this long) where bitcoin was going kind of sideways in a slightly bearish fashion. Of course we can't forget the gains we've had last year but it still feels so not like bitcoin.

Its not really sideways so much as a wedge pattern which where we consolidate and will break out from.    Heres the chart from a trader I follow and his estimation:




Here is the chart to show long term how many ounces of gold to buy the DOW.   It does not of course include dividends given for ownership, but still its impressive how often gold proves a better idea then stocks to hold value

[HairyMaclairy]

Will it be 13k or 1MB blocks first?

Don’t you mean 8MB, I mean 4MB, no it’s 2MB, no I was right the first time it’s 8MB, why is it 2MB again blocks?

[Wekkel]

For gold lovers, the chart could better be inverted.

[HairyMaclairy]

Here is the chart to show long term how many ounces of gold to buy the DOW.   It does not of course include dividends given for ownership, but still its impressive how often gold proves a better idea then stocks to hold value

In the feudal era....

[Arriemoller]

is bitcoin death?

Yes.

Yes, bitcoin is death indeed

Was the death of my 'wage slave' job, I retired yesterday Jan 14th...all due to BTC....living on mining revenue and in HODL mode on BTC and other cryptos...

Spent today, puttering around the house doing chores....been a wage slave so long..kinda clueless on how to approach this...retiring early stuff...

kinda surreal in fact...., on what to do...I've no clue, yet, in that, once you wake up retired...everything suddenly is OPTIONAL..you need to do that day!

....clueless presently...but I'll figure it out!

Congratulations, I'm hoping to do the same this summer.
Isn't there something you like to do? Collecting coins or whatever. Just do the things you have always wanted to do, and do them in your own pace.

[HairyMaclairy]

Smoking cigarettes and watching Captain Kangaroo. Don’t tell me I’ve nothing to do.

[starmman]

is bitcoin death?

Yes.

Yes, bitcoin is death indeed

Was the death of my 'wage slave' job, I retired yesterday Jan 14th...all due to BTC....living on mining revenue and in HODL mode on BTC and other cryptos...

Spent today, puttering around the house doing chores....been a wage slave so long..kinda clueless on how to approach this...retiring early stuff...

kinda surreal in fact...., on what to do...I've no clue, yet, in that, once you wake up retired...everything suddenly is OPTIONAL..you need to do that day!

....clueless presently...but I'll figure it out!

Congratulations =) You'll figure it out - I've got a plan of what to do when I'm financially independent (I actually have been since October) - but don't feel ready to make the plunge yet - wanted to get some assets in some less volatile areas beforehand - Maybe 1-2 years for me before I actually take the plunge, so long as the BTC price keeps up

[bitserve]

is bitcoin death?

Yes.

Yes, bitcoin is death indeed

Was the death of my 'wage slave' job, I retired yesterday Jan 14th...all due to BTC....living on mining revenue and in HODL mode on BTC and other cryptos...

Spent today, puttering around the house doing chores....been a wage slave so long..kinda clueless on how to approach this...retiring early stuff...

kinda surreal in fact...., on what to do...I've no clue, yet, in that, once you wake up retired...everything suddenly is OPTIONAL..you need to do that day!

....clueless presently...but I'll figure it out!

Congratulations, I'm hoping to do the same this summer.
Isn't there something you like to do? Collecting coins or whatever. Just do the things you have always wanted to do, and do them in your own pace.

I see what you did there! LOL!!

Congrats Searing!

Retiring is not an end, but a new beginning in great and wonderful ways.

[peonminer]

Will it be 13k or 1MB blocks first?

Don’t you mean 8MB, I mean 4MB, no it’s 2MB, no I was right the first time it’s 8MB, why is it 2MB again blocks?

https://www.ccn.com/coinbase-criticized-spamming-bitcoin-mempool-ceo-responds/

[d_eddie]

(snip)

(snip)
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?

Again! Simplifying things down to 1/0, "fully able"/"utterly unable" is quite below you. It's a matter of degrees. Come on.

I am not a farmer and don't live in Africa, but running a "fully-validating, non-mining wallet client" is possible for me on the BTC chain, albeit not always comfortable bandwidth-wise. It would be nearly impossible for me to do the same on the BCH chain, if the miners would get their shit together and stick to the big blocks they loved so much, rather than jumping wildly from one size to the other.

Let's keep this discussion as it is for now and give it a few months, will we? LN is coming.

(Hint: a "fully-validating, non-mining wallet client" is what the rest of the world calls a full node.)

[jojo69]

that's it

we are testing the log line at 11000

fiat up boys