Bitcoin Forum
November 18, 2019, 03:17:06 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (8.5%)
Early 2020 - 37 (22.4%)
Late 2020 - 50 (30.3%)
Early 2021 - 15 (9.1%)
Late 2021 - 26 (15.8%)
2022 - 4 (2.4%)
2023 - 0 (0%)
2024 - 4 (2.4%)
After 2024 - 3 (1.8%)
Never - 12 (7.3%)
Total Voters: 165

Pages: « 1 ... 19676 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 [19726] 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 ... 25437 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21432951 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. (129 posts by 23 users deleted.)
ivomm
Sr. Member
****
Offline Offline

Activity: 821
Merit: 401


All good things to those who wait


View Profile
February 25, 2018, 10:32:36 AM

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html
But this time is like a non-event  Grin

About price: how long until Batman pattern will be followed by that of Superman?

From what I read on twitter shorts are rekt. They hoped for the price to fall below 9K. This is not happening for now, so they are forced to buy at the same levels 9.5K-ish they sold. The next week I expect some upward movement which may be extended in the week after that up to 15K range. If bears want to cause more than 20% drop they will need volume which is clearly lacking right now. From 15K they can try to  retrace to 12K and if lucky to 10K. Anyway, everyone has an interest that the lows are getting higher and higher, so the next ATH remains possible this year.
1574047026
Hero Member
*
Offline Offline

Posts: 1574047026

View Profile Personal Message (Offline)

Ignore
1574047026
Reply with quote  #2

1574047026
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1574047026
Hero Member
*
Offline Offline

Posts: 1574047026

View Profile Personal Message (Offline)

Ignore
1574047026
Reply with quote  #2

1574047026
Report to moderator
flynn
Hero Member
*****
Offline Offline

Activity: 728
Merit: 540



View Profile
February 25, 2018, 10:35:15 AM
Merited by jbreher (1), jojo69 (1)

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

If you can't lick it you don't own it. (Applies to both gold and bitcoin) Never trust 3rd party. Fuck ETFs

I need to tell my wife about this
Icygreen
Hero Member
*****
Online Online

Activity: 896
Merit: 623


CryptoTalk.Org - Get Paid for every Post!


View Profile
February 25, 2018, 10:43:48 AM

I'm very interested in GPU mining discussion and bitmain centralization.
As bullish as I've become on bitcoin due to learning about the fundamentals from here and others, it still lacks a pure decentralized method that would put me at ease. I think mining needs to be much more simple and perhaps built into wallets. Sort of like running uTorrent or similar p2p network where information is shared and validated among users. It seems GPU mining could be one answer in diluting the mining cartels.

  If BTC is not validated and mined natively between users, I fail to understand how we can achieve true decentralization.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1008
Merit: 1648


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 25, 2018, 10:52:17 AM

I think the belief is we will figure it out and get back there. 
realr0ach
Sr. Member
****
Offline Offline

Activity: 826
Merit: 308


#TheGoyimKnow


View Profile
February 25, 2018, 11:05:01 AM

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

It's 100% pointless to purchase metals if you don't buy physical.  All the unallocated metals are rehypothecated so there's 500+ owners per ounce.  They're just meaningless derivative contracts.  When the Comex blows up, or when the govt has to revalue gold and silver exponentially higher to extinguish the debt bubble, you will either receive $0 for your contract, or they will cash out your contract at $20 an ounce of silver right before revaluing it to hundreds of dollars an ounce.  In other words, paper owners miss out entirely on the once in a lifetime avalanche of profits.

What is the purpose of this paper hedge then?  Nothing!  It's an insurance policy that doesn't pay out.  Paper metals are worthless.  As for allocated metals instead of the unallocated variety, maybe you will get lucky, maybe not.  If the organization has any type of serious weight like that Texas bullion depository, the govt will probably try to seize it.  Things like the ETFs have a good chance of being seized, but I doubt they will attempt seizing private holder's metals again.

For one, they know zero people will give them up since nobody trusts the govt now.  Secondly, they've already done a stealth confiscation by rigging the markets 10x more than usual post-2008 and having entities like JP Morgan take delivery of the physical as an agent of the US govt at the suppressed price.  The only type of paper metals worth bothering with would be miners, but I have a feeling the govt will nationalize all assets in the ground as "deep storage" and leave anyone holding shares holding the bag.

TLDR:  Buy either Canadian Maple Leafs, 10 oz Sunshine mint bars, or kilo bars
Icygreen
Hero Member
*****
Online Online

Activity: 896
Merit: 623


CryptoTalk.Org - Get Paid for every Post!


View Profile
February 25, 2018, 11:05:10 AM
Merited by d_eddie (1)

From my current prospective, we either solve energy or we solve distribution. Perhaps both at once.  
Jacques_Bittard
Member
**
Offline Offline

Activity: 140
Merit: 10

.


View Profile
February 25, 2018, 11:07:33 AM

This is why GPU/CPU mining is a lot better than ASICs i think.

GPU companies have to build&sell GPUs no matter what because gamers need to game. CPU manufacturers have to build&sell CPUs no matter what because there will be a demand whether people mine crypto or not. Nvidia/AMD/Intel will be making hardware no matter what. They can't be deceived by evil crypto criminals.

But ASICs? This is cancer.

There is no way Nvidia/Intel build HW and mine Bitcoin without getting noticed but Bitmain can. Because that's their only job. Nvidia and the others can't run a 2 businesses at once. They are making GPU/CPU's and we are exploiting their business. Good for us.

Maybe Cobra is right. Better late than ever.

Exactly! Bitcoins mining has been idiotic since the coming of ASICs. An industry created to solve a problem that doesn't even have to exist. Billions wasted for nothing, just to follow this blind greed. With PoW, CPU mining would be the best. Access to CPU processing power is most widespread and CPUs can be utilized to a lot more tasks then just so solve one task. This would be A LOT more energy efficient and less costly to the users of the network. But because the bitcoin community is mostly one big echo chamber, this hasn't been exactly discussed.
Now, even if bitcoin would switch to CPU mining and improve by this, then it would still be the inferior technology to newer PoS models that are being developed.
The religious people of the bitcoin community are dragging down the development by setting up stupid dogmas, that wont let constructive criticism through. The rest are growing around this new idea of cryptoassets, while the bitcoin community is sitting on their dated whitepaper and singing hallelujah..
Last of the V8s
Legendary
*
Offline Offline

Activity: 1288
Merit: 2499


Fuck the CCP and boycott China


View Profile
February 25, 2018, 11:14:09 AM

here's bitmain's address btw https://blockchain.info/address/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8V if any one cares
https://blockchair.com/bitcoin-cash/address/qr8mqj4ylud5tkcx3598lesupf86jzxlfcl09h5wr7 is the funny money addy

now utterly bored of CNBC fud, Bernstein report fud (which I cannot find), cobra and lukejr fud, decentralise all the things crapola, paid shills jumping on any tard bandwagon they can find circus etc.

watching this now
flynn
Hero Member
*****
Offline Offline

Activity: 728
Merit: 540



View Profile
February 25, 2018, 11:18:31 AM
Merited by mindrust (2), somac. (1), rolling (1)

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  
mindrust
Legendary
*
Offline Offline

Activity: 1610
Merit: 1607



View Profile
February 25, 2018, 11:21:00 AM

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  
Excellent idea.
Icygreen
Hero Member
*****
Online Online

Activity: 896
Merit: 623


CryptoTalk.Org - Get Paid for every Post!


View Profile
February 25, 2018, 11:41:11 AM

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  

Nice thought!  It's fairly clear that the current ASIC mining industry will change in the future. I wonder if this could be done in soft fork fashion?
somac.
Full Member
***
Offline Offline

Activity: 617
Merit: 190


View Profile
February 25, 2018, 11:57:56 AM

Mem pool almost empty again.  

It is amazing to see. going from over 200k down to under 100 at certain points.

I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam.
 
somac.
Full Member
***
Offline Offline

Activity: 617
Merit: 190


View Profile
February 25, 2018, 11:59:08 AM

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  

Wow, brilliant. Start spreading that idea wherever you can. I will be.
flipperfish
Sr. Member
****
Offline Offline

Activity: 350
Merit: 251


Dolphie Selfie


View Profile
February 25, 2018, 12:06:28 PM

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  

Maybe one could even use PoS to vote on the ratio...
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1008
Merit: 1648


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 25, 2018, 12:11:52 PM
Last edit: February 25, 2018, 12:26:59 PM by HairyMaclairy

Mem pool almost empty again.  

It is amazing to see. going from over 200k down to under 100 at certain points.

I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam.
 

To me, an empty mem pool is bearish.  Shows low volume.  Big spikes seems to mean big price movements. I am associating very high priced fee movements with price drops (panic sales) and big spikes without high fees as pumps (organic exchange transactions).
somac.
Full Member
***
Offline Offline

Activity: 617
Merit: 190


View Profile
February 25, 2018, 12:26:00 PM

Mem pool almost empty again.  

It is amazing to see. going from over 200k down to under 100 at certain points.

I don't think an empty mempool is a bullish sign, but, hard to tell since most of those 200k transactions at the height were spam.
 

To me, an empty mem pool is bearish.  Shows low volume.  Big spikes seems to mean big price movements. I am associating very high priced fee movements with price drops (panic sales) and big spikes without high fees as pumps (organic exchange transactions).

seems reasonable, I'll keep an eye on that myself
shizuska
Newbie
*
Offline Offline

Activity: 41
Merit: 0


View Profile
February 25, 2018, 12:26:08 PM

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

It's 100% pointless to purchase metals if you don't buy physical.  All the unallocated metals are rehypothecated so there's 500+ owners per ounce.  They're just meaningless derivative contracts.  When the Comex blows up, or when the govt has to revalue gold and silver exponentially higher to extinguish the debt bubble, you will either receive $0 for your contract, or they will cash out your contract at $20 an ounce of silver right before revaluing it to hundreds of dollars an ounce.  In other words, paper owners miss out entirely on the once in a lifetime avalanche of profits.

What is the purpose of this paper hedge then?  Nothing!  It's an insurance policy that doesn't pay out.  Paper metals are worthless.  As for allocated metals instead of the unallocated variety, maybe you will get lucky, maybe not.  If the organization has any type of serious weight like that Texas bullion depository, the govt will probably try to seize it.  Things like the ETFs have a good chance of being seized, but I doubt they will attempt seizing private holder's metals again.

For one, they know zero people will give them up since nobody trusts the govt now.  Secondly, they've already done a stealth confiscation by rigging the markets 10x more than usual post-2008 and having entities like JP Morgan take delivery of the physical as an agent of the US govt at the suppressed price.  The only type of paper metals worth bothering with would be miners, but I have a feeling the govt will nationalize all assets in the ground as "deep storage" and leave anyone holding shares holding the bag.

TLDR:  Buy either Canadian Maple Leafs, 10 oz Sunshine mint bars, or kilo bars


As a large holder of silver (about same ammont as crypto) i do not agree with your point of view. I looked into buying physical silver and compared the prices, even if i had bough a decent amount i would have paid about 7-8% extra and i live in a country where there is no VAT associated with buying silver as an investment. Other problem is that total ammount in kgs would have been around 300kg, so storing would have not been easy aswell.
 
Instead i chose to buy SIVR ETF which gives investors direct and pure exposure to silver by holding the physical metal in HSBC vaults. It has tracked the spot price of silver perfectly at a low cost for the precious metals segment.

I pay around 0.3% per year maintenance fee and could not be happier (well 40 $ pound would make me happier Cheesy), i would have paid around 25 years of fees if i had bought physical.
flynn
Hero Member
*****
Offline Offline

Activity: 728
Merit: 540



View Profile
February 25, 2018, 12:28:09 PM
Last edit: February 25, 2018, 01:13:23 PM by flynn
Merited by d_eddie (1)

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  

Maybe one could even use PoS to vote on the ratio...

If you want an ASIC block every T1 minutes and a CPU block every T2 minutes, the ratio between the two is k=T1/T2
That ratio "k" may be chosen by the community or computed another way.

Once k is chosen, this can be proven true :

T1 = 10mn*((1+k)/k)  and T2=10mn*(1+k)

with k=1 (as many ASIC blocks than CPU blocks) that gives the obvious result : T1=T2=20mn
with k=2 (twice more CPUs than ASIC)  T1=15mn and T2=30mn

Technically no problem.
explorer
Legendary
*
Offline Offline

Activity: 1568
Merit: 1126



View Profile
February 25, 2018, 12:31:16 PM

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

It's 100% pointless to purchase metals if you don't buy physical.  All the unallocated metals are rehypothecated so there's 500+ owners per ounce.  They're just meaningless derivative contracts.  When the Comex blows up, or when the govt has to revalue gold and silver exponentially higher to extinguish the debt bubble, you will either receive $0 for your contract, or they will cash out your contract at $20 an ounce of silver right before revaluing it to hundreds of dollars an ounce.  In other words, paper owners miss out entirely on the once in a lifetime avalanche of profits.

What is the purpose of this paper hedge then?  Nothing!  It's an insurance policy that doesn't pay out.  Paper metals are worthless.  As for allocated metals instead of the unallocated variety, maybe you will get lucky, maybe not.  If the organization has any type of serious weight like that Texas bullion depository, the govt will probably try to seize it.  Things like the ETFs have a good chance of being seized, but I doubt they will attempt seizing private holder's metals again.

For one, they know zero people will give them up since nobody trusts the govt now.  Secondly, they've already done a stealth confiscation by rigging the markets 10x more than usual post-2008 and having entities like JP Morgan take delivery of the physical as an agent of the US govt at the suppressed price.  The only type of paper metals worth bothering with would be miners, but I have a feeling the govt will nationalize all assets in the ground as "deep storage" and leave anyone holding shares holding the bag.

TLDR:  Buy either Canadian Maple Leafs, 10 oz Sunshine mint bars, or kilo bars


As a large holder of silver (about same ammont as crypto) i do not agree with your point of view. I looked into buying physical silver and compared the prices, even if i had bough a decent amount i would have paid about 7-8% extra and i live in a country where there is no VAT associated with buying silver as an investment. Other problem is that total ammount in kgs would have been around 300kg, so storing would have not been easy aswell.
 
Instead i chose to buy SIVR ETF which gives investors direct and pure exposure to silver by holding the physical metal in HSBC vaults. It has tracked the spot price of silver perfectly at a low cost for the precious metals segment.

I pay around 0.3% per year maintenance fee and could not be happier (well 40 $ pound would make me happier Cheesy), i would have paid around 25 years of fees if i had bought physical.



HSBC?  Good to have it stored with a trustworthy organization.  I'm sure all is as it should be.
flipperfish
Sr. Member
****
Offline Offline

Activity: 350
Merit: 251


Dolphie Selfie


View Profile
February 25, 2018, 12:33:43 PM

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  

Maybe one could even use PoS to vote on the ratio...

If you want an ASIC block every T1 minutes and a CPU block every T2 minutes, the ratio between the two is k=T1/T2
That ratio "k" may be chosen by the community or computed another way.

One k is chosen, this can be proven true :

T1 = 10mn*((1+k)/k)  and T2=10mn*(1+k)

with k=1 (as many ASIC blocks than CPU blocks) that gives the obvious result : T1=T2=20mn
with k=2 (twice more CPUs than ASIC)  T1=15mn and T2=30mn

Technically no problem.


Yes, I meant to use PoS to vote on the value of k. But setting it to a fixed value could be enough already.
Pages: « 1 ... 19676 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 [19726] 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 ... 25437 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!