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

[xhomerx10]

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK          mmmm going on holiday tuesday would be nice on holiday times the price would be going UP then the holiday gets so much nicer

 When JimoToronto went on vacation, the price tanked... please stay home for our sake.

[HairyMaclairy]

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.

[Torque]

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 Anonymous^TM.

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.

[El duderino_]

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

[bones261]

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 Anonymous^TM.

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.

[d_eddie]

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.

[toknormal]

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]

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.

[Last of the V8s]

[Torque]

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."

[toknormal]

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"

[lightfoot]

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.

[Last of the V8s]

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.

[d_eddie]

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.

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]

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]

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.

[sirazimuth]

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"

well at least he didn't mention tulips, so there's that
(idk, maybe he did, I only scanned that drivel, tbh)

[HairyMaclairy]

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.  

[RoomBot]

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  

Demand for Cryptokitties is strong bro  

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 

[RoomBot]

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

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

Don't blow it all in one place.