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Question: Aug. 17 Closing Price:
<$3,000 - 4 (4.3%)
<$8,000 - 3 (3.2%)
$8,001-$8,500 - 2 (2.2%)
$8,501-$9,000 - 2 (2.2%)
$9,001-$9,500 - 3 (3.2%)
$9,501-$10,000 - 16 (17.2%)
$10,001-$10,500 - 18 (19.4%)
$10,501-$11,000 - 13 (14%)
$11,001-$11,500 - 8 (8.6%)
$11,501-$12,000 - 6 (6.5%)
$12,001-$12,500 - 3 (3.2%)
$12,501-$13,000 - 1 (1.1%)
$13,001-$13,500 - 1 (1.1%)
$13,501-$14,000 - 2 (2.2%)
>$14,000 - 2 (2.2%)
>$18,000 - 9 (9.7%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21328040 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
HairyMaclairy
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January 28, 2018, 11:49:48 PM


Just because a certain exchange is in the lead of a trend does not mean that they are leading the price movement.

Sure.  I would welcome alternative explanations of what is going on in the market because I am trying to puzzle it out.  I am not saying that I am right. 

I was not accusing you of anything like that, but I just wanted to point out some possible misleading inferences in your post language.  And, over the years, several of us have read the kinds of inferences that were frequently made about "china leading" or even skorea leading or Japan, and the lead follow is much more complex than that, and likely changes with time and remains a kind of symbiotic relationship between exchanges with some exchanges having more credibility and pull than others, even if they might not actually lead in trade volume... Bitstamp, for example... has retained decent amount of persuasive power.. even though from time to time, it has gotten out of sync with the prevalent BTC prices, too.

All good points.  

The spread between Gdax and Bitfinex hs started shrinking.  It was as high as $500 and has now dropped to $300.  This suggests that the market has processed the risk of Tether and decided it is not such a big deal after all.  

If the spread keeps shrinking and gets down to say, $100, that would be bullish.
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January 28, 2018, 11:49:54 PM
Merited by RoomBot (2)

Where have all the big blockers gone?  

Where is our friend Gab0? Where is Peter R?  Who will lecture us on the burning necessity of big blocks now that they are no longer with us?

Should we start an “adopt a big blocker” program ?

They all had a nervous breakdown, and then through the advice from their families they joined BBLA: Big Blocker Lovers AnonymousTM.

Right now they are all sitting in a circle with CSW, Roger, and Jihan, and going through the denial phase together as they contemplate how R3kt they are that SW and LN are spreading like wildfire. They'll probably jump out the window when Core decides to raise the Bitcoin block size to 2mb.
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BTFD, on to 15K a coin !!!!


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January 28, 2018, 11:55:18 PM
Merited by RoomBot (5)

Yeah, i hope on my holiday its going to go the other way  Cool



bones261
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January 28, 2018, 11:56:41 PM
Merited by RoomBot (2)

Where have all the big blockers gone?  

Where is our friend Gab0? Where is Peter R?  Who will lecture us on the burning necessity of big blocks now that they are no longer with us?

Should we start an “adopt a big blocker” program ?

They all had a nervous breakdown, and then through the advice from their families they joined BBLA: Big Blocker Lovers AnonymousTM.

Right now they are all sitting in a circle with CSW, Roger, and Jihan, and going through the denial phase together as they contemplate how R3kt they are that SW and LN are spreading like wildfire. They'll probably jump out the window when Core decides to raise the Bitcoin block size to 2mb.

That circle they are sitting around in is not for support and therapy. They are just a bunch of vultures hoping BTC will die. Unfortunately, for them, Honey Badger won't die.
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January 29, 2018, 12:04:32 AM
Merited by RoomBot (3)

Where have all the big blockers gone?

Since there are no walls to watch, and price discussion gets boring during sideways skating, let's talk about an issue that I'm afraid will resurface in due time: blockchain spam.

At the moment, the situation is peaceful. Spam has vanished, and tx fees are back to sane levels. There have been several explanations offered for the end of spam, most of which are plausible or have some merit. It might be that it was too costly to sustain the attack. It might be that someone is moving shop. It might be the attackers became afraid to push LN towards success. It might be that Coinbase withdrew support by fixing their unforgivable withdrawal arrangement (either intentionally or simply as a consequence of other choices).

The point is: most of the people on this forum believe they know who the attackers were and why they did it. For the time being, they are defeated. They might or might not have another try at it. I am concerned with a future when some more powerful opponent delivers a spam attack - backed by the full financial power of a small (or large) nation. That could be an expensive way to shut up the bitcoin network, but it can be fairly successful, especially If you can eat up the loss and hide it inside a large budget by slightly cooking the books.

I think we need someoneto come up with a partial solution to the spam problem. My guess is: if such a remedy is ever found (which I'm totally not confident about), it will be a game theory person to deliver it.
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January 29, 2018, 12:06:08 AM
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When world famous economic professors are reduced to trolling bitcoin on twitter, surely that's beyond the "then they fight you" stage ?

Isn't this now "then we win" ?



Check this guy's twitter feed. He's obsessed.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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January 29, 2018, 12:09:36 AM

Who cares? As long as at least 1 person does some mining, we are fine.

I'm actually looking to pick up at least 1 S9-performance-equivalent miner, just to keep a single system mining for the principle of it, to go along my full node and LN node.

Don't want to support Bitmain.

Doesn't seem I have any other options available to me at this time.

Here's hoping those products out of Japan come online soon, or dare to dream Bitfury ever reconsiders coming back down to earth.


It seems that if you are a decently-sized residential property owner (not that you are fat), then it could be cost efficient to include some likely low cost energy source, whether that is solar or windmills or geothermal, but yeah, if you begin to generate too much energy, then you will be incentivized to add more miners, too.

I recall that there are some folks researching into ways that they can either use the heat or generate some additional electricity from the mining heat by-product.
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Be a bank.


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January 29, 2018, 12:10:57 AM
Merited by bones261 (1), d_eddie (1)

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January 29, 2018, 12:11:08 AM


When world famous economic professors are reduced to trolling bitcoin on twitter, surely that's beyond the "then they fight you" stage ?

Isn't this now "then we win" ?


Check this guy's twitter feed. He's obsessed.

Definitely. If an economics professor can't keep his mouth shut about Bitcoin, we've likely already won.

Also, realR0ach will fkn love this:

"The child of Iranian Jews, he [Nouriel Roubini] was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a visiting researcher/advisor at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel."
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January 29, 2018, 12:16:09 AM


Here's another load of superficial tosh he wrote:

http://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01

He's got half a million followers. A good place for a "healthy debate" Wink
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January 29, 2018, 12:18:41 AM
Merited by explorer (1), jojo69 (1)

Problem I see with Ethereum is that there's nothing you can run on the network that you can't run much cheaper on Ethereum classic. And with less chance it will get reversed by a bunch of whining cry-babies.
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January 29, 2018, 12:22:30 AM
Merited by yefi (1), Torque (1)

Problem I see with Ethereum is that there's nothing you can run on the network that you can't run much cheaper on Ethereum classic. And with less chance it will get reversed by a bunch of whining cry-babies.

Good point. But then you are sane and technically-minded. Etherhuffers all worship the Vitalik and derive their value from him. They aren't bothered with technical niceties, and they probably like it that he could save them if need be.
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January 29, 2018, 12:24:40 AM

Problem I see with Ethereum is that there's nothing you can run on the network that you can't run much cheaper on Ethereum classic.
Or bitcoin, Real Soon Now(TM). The Gas model is flawed anyway.

Quote
Quote
And with less chance it will get reversed by a bunch of whining cry-babies.

Good point. But then you are sane and technically-minded. Etherhuffers all worship the Vitalik and derive their value from him. They aren't bothered with technical niceties.
They will be. Just give it time.
JayJuanGee
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January 29, 2018, 12:28:10 AM

Where have all the big blockers gone?

Since there are no walls to watch, and price discussion gets boring during sideways skating, let's talk about an issue that I'm afraid will resurface in due time: blockchain spam.

At the moment, the situation is peaceful. Spam has vanished, and tx fees are back to sane levels. There have been several explanations offered for the end of spam, most of which are plausible or have some merit. It might be that it was too costly to sustain the attack. It might be that someone is moving shop. It might be the attackers became afraid to push LN towards success. It might be that Coinbase withdrew support by fixing their unforgivable withdrawal arrangement (either intentionally or simply as a consequence of other choices).

The point is: most of the people on this forum believe they know who the attackers were and why they did it. For the time being, they are defeated. They might or might not have another try at it. I am concerned with a future when some more powerful opponent delivers a spam attack - backed by the full financial power of a small (or large) nation. That could be an expensive way to shut up the bitcoin network, but it can be fairly successful, especially If you can eat up the loss and hide it inside a large budget by slightly cooking the books.

I think we need someoneto come up with a partial solution to the spam problem. My guess is: if such a remedy is ever found (which I'm totally not confident about), it will be a game theory person to deliver it.



It would be pretty unlikely that these spam attacks would go away any time soon, and sure the smaller fishes such as Roger and Jihan backed by some financial and government institutions could be part of it, and sure bigger fishes could try larger and more long term sustainable attacks (even if they are engaging in them at a loss), yet I would imagine that core continues to learn from these attacks - and seems like the system remains pretty robust, even during the spam attacks and even during those periods in which we had to pay quite a large amount of transaction fees making any kind of micro transaction infeasible.

By the way, before December, whenever my BTC transactions got delayed and caught up in spam,  they would revert back to me after a few days.  This time around, I had three low fee transactions that I sent in early December that were stuck for more than 6 weeks, and I was getting ready to work out an agreement with the intended recipient to send those transactions again, which would have likely cost me a decent amount of money - including some financial risk, too.  Anyhow, before I made such proposal to send again, the transactions went through (about a week ago).  Whew!!!!
JayJuanGee
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January 29, 2018, 12:33:26 AM


When world famous economic professors are reduced to trolling bitcoin on twitter, surely that's beyond the "then they fight you" stage ?

Isn't this now "then we win" ?

[https://i.imgur.com/ml0yWO6.png[/img]

Check this guy's twitter feed. He's obsessed.


Yep... another famous economics professor who seems to be "misinformed" at best.
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January 29, 2018, 12:38:39 AM


Here's another load of superficial tosh he wrote:

http://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01

He's got half a million followers. A good place for a "healthy debate" Wink

well at least he didn't mention tulips, so there's that
(idk, maybe he did, I only scanned that drivel, tbh)
HairyMaclairy
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January 29, 2018, 12:48:06 AM
Merited by yefi (1)

I recall that there are some folks researching into ways that they can either use the heat or generate some additional electricity from the mining heat by-product.

I have had some discussions with power station engineers.  The crux of it is that low grade heat (anything that is not hot enough to boil water) is considered a waste product and dumped to the atmosphere.  And these are fancy, high efficiency co-gen plants. 

 So it seems pretty unlikely that they will be able to generate electricity if not producing over 100 C (which I assume not).

My information is about 8 years old so it is possibly out of date.  
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January 29, 2018, 12:55:59 AM

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Wink

Demand for Cryptokitties is strong bro  Tongue
I hear cryptotitties will overtake it tho? https://www.producthunt.com/upcoming/cryptotitties
Don't talk titties to me, man. One thing I sorely miss from the everyday ATH season!

On second thought, it's actually a pair of things.

Binary  Wink
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January 29, 2018, 01:02:22 AM

Yeah, i hope on my holiday its going to go the other way  Cool



Have a great vaca~!  I sent you some $Merit.

Don't blow it all in one place.   Wink

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January 29, 2018, 01:07:11 AM


Here's another load of superficial tosh he wrote:

http://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01

He's got half a million followers paid bots.

FTFY
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