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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 8 (5.9%)
H2 2019 - 15 (11%)
H1 2020 - 25 (18.4%)
H2 2020 - 25 (18.4%)
H1 2021 - 11 (8.1%)
H2 2021 - 27 (19.9%)
H1 2022 - 6 (4.4%)
H2 2022 - 4 (2.9%)
H1 2023 - 0 (0%)
H2 2023 - 2 (1.5%)
2024 or Later - 13 (9.6%)
Total Voters: 136

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21284983 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. (100 posts by 19 users deleted.)
KyleSpades
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April 20, 2018, 03:54:51 PM


On an almost completely unrelated sidenote, that velocimeter brought me a sizeable amount of joy. Whichever use of the metric system versus the imperial system is a point of good winning the battle against evil.
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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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KyleSpades
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April 20, 2018, 04:09:56 PM

Anyone willing to bet?

Karartma1
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April 20, 2018, 04:19:06 PM
Merited by Last of the V8s (1)

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%... Shocked

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.
Again and again and again. We are at war! Holding bitcoin today is going to be recognized as a revolutionary act tomorrow. Whatever will be I hope to stand still until we eventually win.
This is our last freedom chance
Rosewater Foundation
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April 20, 2018, 04:26:14 PM
Merited by Last of the V8s (1)

Comedy share. I'm a Blockchain Technology CEO nao. AMA
https://www.reddit.com/r/IAmA/comments/8akjc8/hi_redditors_i_am_pradeep_goel_an_it_healthcare/?st=jfpsh4cq&sh=9a427f69
jojo69
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no FOMO


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April 20, 2018, 04:27:07 PM
Merited by Last of the V8s (1)

ask him why we can't 3D print a blockchain
Karartma1
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April 20, 2018, 04:32:37 PM

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.
Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day

It seems like you made some cash if you sold them by the 20 something of every month, there have been a few peaks at the 20s past few months, right?
Maybe you misunderstood me: I don't sell, I am buying only and increasing my war chest. There's no point selling so cheap. I have much higher targets  Wink
Raja_MBZ
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Vegeta! What does the scouter say about BTC value?


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April 20, 2018, 04:35:15 PM

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%... Shocked

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.
Again and again and again. We are at war! Holding bitcoin today is going to be recognized as a revolutionary act tomorrow. Whatever will be I hope to stand still until we eventually win.
This is our last freedom chance

No one can stop bitcoin. No one can stop a revolution.

https://cointelegraph.com/news/us-tax-filing-service-says-004-of-users-reported-crypto-to-irs-as-deadline-nears

This will be the end result of anyone trying to tax with cruelty. People will not report the crypto holdings, it's almost impossible to trace out them for the governments.

If they really want to gain some tax from crypto holders/traders, they need to make their tax policies related to crypto "friendly", not cruel.
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Be a bank.


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April 20, 2018, 04:39:40 PM


might just stay here and not make any hasty decisions
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April 20, 2018, 04:57:53 PM

Someone must have tried to buy some blockchains and got confused.
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April 20, 2018, 04:59:01 PM
Merited by BobLawblaw (2), LFC_Bitcoin (1), jojo69 (1), bitebits (1), Icygreen (1), Robin,Hood (1), Rosewater Foundation (1)

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick Wink

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

Which is why bitcoin is not about to replace it. There are many "alts" already doing so instead.

Bitcoin may replace the gold sitting idly in vaults.


Bitcoin's main strength is not its speed, not its block time or size, not its mining algo, suppy cap... I am not saying bitcoin is an outdated tech though. It has the highest dev activity out there. Most of the altcoin devs are still copying core's work to create their own blockchain and that's a good thing. What iam saying is Its main strength is its immutability. Everybody knows once its on the block chain, it is done. There isn't a way to undo it.

In other words, bitcoin is the true decentralized/leaderless blockchain. (unlike eth or bcash or almost any other shitcoin out there)

Bitcoin didn't do partnerships, satoshi didn't buy google ads or hired shills to promote bitcoin... Everything happened because... bitcoin was good, people thought bitcoin was above partnerships, CEOs, leaders, corporates. People bought it and exchanges had to list it, businesses had to accept it as a payment method. Nobody signed nothing. That's why it is not going anywhere (nowhere bad) as long as it stays that way.

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April 20, 2018, 05:14:23 PM

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.
Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day

It seems like you made some cash if you sold them by the 20 something of every month, there have been a few peaks at the 20s past few months, right?
Maybe you misunderstood me: I don't sell, I am buying only and increasing my war chest. There's no point selling so cheap. I have much higher targets  Wink


I see, thank you for clarifying that.

Just out of curiosity, have you never felt inclined to trade a bit? I mean, not selling your coins all at once but trying to profit some % every now and then while still holding/increasing your wallet? Wouldn't it help you grow your wallet a little more than just by simply holding?
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April 20, 2018, 05:23:50 PM

Robin,Hood
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April 20, 2018, 05:29:47 PM

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick Wink

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

Which is why bitcoin is not about to replace it. There are many "alts" already doing so instead.

Bitcoin may replace the gold sitting idly in vaults.


Bitcoin's main strength is not its speed, not its block time or size, not its mining algo, suppy cap... I am not saying bitcoin is an outdated tech though. It has the highest dev activity out there. Most of the altcoin devs are still copying core's work to create their own blockchain and that's a good thing. What iam saying is Its main strength is its immutability. Everybody knows once its on the block chain, it is done. There isn't a way to undo it.

In other words, bitcoin is the true decentralized/leaderless blockchain. (unlike eth or bcash or almost any other shitcoin out there)

Bitcoin didn't do partnerships, satoshi didn't buy google ads or hired shills to promote bitcoin... Everything happened because... bitcoin was good, people thought bitcoin was above partnerships, CEOs, leaders, corporates. People bought it and exchanges had to list it, businesses had to accept it as a payment method. Nobody signed nothing. That's why it is not going anywhere (nowhere bad) as long as it stays that way.


Exactly the way i see it.
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April 20, 2018, 05:39:53 PM

Jbreher

Let’s not kid ourselves here.  Bitcoin Cash is a money grab by Ver, Wu, Ayre, Peter R, Wright and the rest.

http://bitcoinist.com/bitcoin-billionaire-calvin-ayre-building-100m-bcash-resort-antigua/

By continuing to support Bitcoin Cash, you are continuing to openly support fraud.  You will not get any sympathy from us so long as you openly support fraudsters.  

I ain't looking for sympathy (like I need it .... seen today's price action?). What I am looking for is some basic civility. Some assholes think it appropriate to turn every conversation I have into some sort of referendum on BCH. With unfounded/unsupported accusations to boot.

And no, BCH is not merely a money grab by a small handful of individuals. It is a legitimate contender in the cryptocurrency space, being developed by an legion of participants. And quite possibly in the long term the savior of Bitcoin. There is no fraud here. Nobody who looks at the issue more then five minutes is confused about the fact that BCH and BTC are two different things. The accusation that there is some intended fraud here is beyond ludicrous.

Show me someone who has had a loss due to 'Bitcoin' being in the name of Bitcoin Cash, and I'll show you someone who is cavalierly negligent, willfully ignorant, or both.
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April 20, 2018, 05:49:29 PM

Jbreher

Let’s not kid ourselves here.  Bitcoin Cash is a money grab by Ver, Wu, Ayre, Peter R, Wright and the rest.

http://bitcoinist.com/bitcoin-billionaire-calvin-ayre-building-100m-bcash-resort-antigua/

By continuing to support Bitcoin Cash, you are continuing to openly support fraud.  You will not get any sympathy from us so long as you openly support fraudsters.  

I ain't looking for sympathy (like I need it .... seen today's price action?). What I am looking for is some basic civility. Some assholes think it appropriate to turn every conversation I have into some sort of referendum on BCH. With unfounded/unsupported accusations to boot.

And no, BCH is not merely a money grab by a small handful of individuals. It is a legitimate contender in the cryptocurrency space, being developed by an legion of participants. And quite possibly in the long term the savior of Bitcoin. There is no fraud here. Nobody who looks at the issue more then five minutes is confused about the fact that BCH and BTC are two different things. The accusation that there is some intended fraud here is beyond ludicrous.

Show me someone who has had a loss due to 'Bitcoin' being in the name of Bitcoin Cash, and I'll show you someone who is cavalierly negligent, willfully ignorant, or both.
the fraud is trying to high jack the bitcoin brand and confuse newcomers. simple
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April 20, 2018, 05:53:41 PM

Jbreher lost a lot of my respect when he tried to sell the idea that bCash was as decentralized as Bitcoin because the potential set of bCash miners was the same as the potential set of Bitcoin miners.

On that mining share basis, one could easily make the argument that BTC is more centralized than BCH.
45.4% of BCH is mined by the same pools that mine 61.9% of BTC.

Bitcoin.com is a pool based in North America that mines roughly 15% of BCH blocks. 3% of BTC
ViaBTC is a pool based in China that mines roughly 10% of BCH blocks. 5% of BTC
AntPool is a pool based in China that mines roughly 9% of BCH blocks. 25.2% of BTC
BTC.top is a pool based in China that mines roughly 7% of BCH blocks. 11.2% of BTC
BTC is a pool based in China that mines 3.9% of BCH blocks. 10.2% of BTC
BTCC is a pool based in China that mines 0.5% of BCH blocks. 7.3% of BTC

https://blog.sfox.com/the-bitcoin-cash-people-platforms-wallets-and-miners-you-need-to-know-afa53aaa3c66
https://www.buybitcoinworldwide.com/mining/pools/
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April 20, 2018, 05:58:59 PM

Bitcoin is the only coin who solved the The Byzantine Generals Problem.

And by carrying on the design of Bitcoin, Bitcoin Cash has inherited this characteristic.

PS: only? Evidence would suggest otherwise.
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April 20, 2018, 06:23:16 PM

And no, BCH is not merely a money grab by a small handful of individuals. It is a legitimate contender in the cryptocurrency space, being developed by an legion of participants. And quite possibly in the long term the savior of Bitcoin. There is no fraud here. Nobody who looks at the issue more then five minutes is confused about the fact that BCH and BTC are two different things. The accusation that there is some intended fraud here is beyond ludicrous.

Please enlighten me. The early rhetoric from ver and the bcash community turned me off to it so much that I have had no interest in learning anything about the project since. So really all I know is that they intended to "scale" by increasing the blocksize and that ver is the only one true disciple of satoshi capable of correctly divining his will (holy crap he really does think hes bitcoin Jesus). Both absolutely ludicrous propositions. Has anything changed? Are they proposing realistic alternatives to lightning for scaling? Are there new developments that I should be aware of?
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April 20, 2018, 06:39:17 PM
Last edit: April 20, 2018, 06:59:14 PM by JimboToronto

I have read about your journey through Mayan lands, and I am glad that life is treating you well.
When you say that the earth is cheap ... How cheap is it?

Thanks in advance.

I bought a 2 story palapa, cookhouse, eco toilet (composting outhouse) 2 wells (1 dug, 1 drilled) on almost an acre of land for about $15kCAD  ($11.8kUSD) half cash, half Bitcoin in January.

This week I'm buying a smaller lot, about 40 meters road frontage and 20 meters deep, with no structures for $3.1kCAD ($2.4kUSD).

The house is connected to water and electricity from town. It's on the edge of a village of less than 1k people on a gravel road.

The vacant land is less than a quarter mile away just beyond the reach of electricity on a mud road. Motions are already in place to extend electrical service there, hopefully within months.

There's already a larger gauge water line (suitable for irrigation) in front of the property, but I don't know if I can connect domestic service to it. No problem though. You can't drink the tap water anyway and bottled water is cheap. A large jug (25 liters?) costs 12 pesos ($0.80CAD/$0.60USD) plus deposit delivered daily by truck.

Edit: Do note that both properties were bought on canstancia not title. Land ownership by title requires family residency of over 100 years.

The only way to get around this is to register a corporation and then only if the owners of the ejido (in this case the Mayan community) agree to transfer title. This requires a large outlay so most people, foreigners and Mexicans alike, own by constancia.

You can read more about it here: https://www.mexperience.com/legal-title-of-mexican-property/
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April 20, 2018, 06:43:37 PM

So really all I know is that they intended to "scale" by increasing the blocksize. ... Has anything changed? Are they proposing realistic alternatives to lightning for scaling? Are there new developments that I should be aware of?

For the time being, mostly blocksize. As blocksize is all that is needed at this stage.

The BCH community, however, did demonstrate conclusively that:
- generic home computer HW on consumer broadband running bitcoind can handle ~100 tx/s
- above ~100 tx/s  there is still plenty of CPU BW
- a fix to bitcoind's naive threading model increases performance
- bitcoind with fixed threading on same HW & net can handle ~500 tx/s

The BCH community is doing the work of re-enabling a host of opcodes that were thrown overboard years ago before any real analysis was performed upon them. Oh, I guess that's not scaling.

Of course, it was that same community (though pre-fork) that first implemented Xthin, which reduces network bandwidth consumption by nearly 2x.

There is discussion of adopting Lightning. Not much traction for that. There's orders of magnitude that can be gained by a simple blocksize change first.
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