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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 - 10 (6.9%)
H2 2019 - 15 (10.3%)
H1 2020 - 27 (18.6%)
H2 2020 - 26 (17.9%)
H1 2021 - 12 (8.3%)
H2 2021 - 28 (19.3%)
H1 2022 - 6 (4.1%)
H2 2022 - 4 (2.8%)
H1 2023 - 0 (0%)
H2 2023 - 2 (1.4%)
2024 or Later - 15 (10.3%)
Total Voters: 145

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21287452 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. (102 posts by 19 users deleted.)
infofront
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April 21, 2018, 02:33:01 AM

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?

0 confirmation transactions. No, seriously - that's the amazing and innovative feature bcash has implemented to try to compete with lightning.

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.

CPU overhead was never too much of an issue. Network bandwidth and storage capacity are the larger problems.
If big blocks are the answer, lets see the large scale experiments with 1GB blocks operating on testnet with hundreds or thousands of simultaneous users conducting enough transactions to fill the blocks to near capacity.
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Elwar
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April 21, 2018, 02:35:11 AM

log trend broken Grin


I dont know about all of "you"...but "I" just feel really good when this happens. Down trend smashed...let's see where support forms for "us".   

That's what I'm talking about.
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April 21, 2018, 02:39:40 AM


My personal attempts at attempting to clone and modify code to create a shitcoin has given me a somewhat better understanding and appreciation of how Bitcoin works. Unfortunately, my attempts have been unsuccessful, since I really need a step by step guide to code "Hello,world." Probably much better for the community that I never succeeded.  Cheesy

So you weren't responsible for bones coin?

Nope, can't blame that one on me.  Grin
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April 21, 2018, 02:42:07 AM

He's not looking for sympathy. Some assholes think it appropriate to insert in every page a post about a coin that isn't the one true original bitcoin. The one that is linked in the whitepaper to bitcoin.org. And of course, this forum is bitcointalk.org NOT bitcoincashtalk.org

To jbreher's credit, it was someone else bringing up his stance on bcash. He hasn't mentioned it much on his own lately.
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April 21, 2018, 02:51:06 AM

Look at that walls at Bitstamp.
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April 21, 2018, 02:57:54 AM

Look at that walls at Bitstamp.
Wall at 8830 getting eaten up.

edit: all gone. Bulls hungry.
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April 21, 2018, 02:59:58 AM

Look at that walls at Bitstamp.
Wall at 8830 getting eaten up.

I have seen a few 100+ bites. That's some interesting action for Bitstamp.
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April 21, 2018, 03:22:20 AM

Getting warmer.
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April 21, 2018, 03:24:12 AM

Look at that walls at Bitstamp.
Wall at 8830 getting eaten up.

I have seen a few 100+ bites. That's some interesting action for Bitstamp.
I've been comparing btc to usdt value on binance and they are pretty comparable.
Saw it shoot up to 8930 in no time then back down to 8850 within the next hour.
The price is all over the board and will no doubt see beyond 9000 on both bitstamp and the higher one on bitfinex.
Bitstamp at 8889 and bitfinex 8902.
So that mental resistance point at $9000 is there to break by morning.

*usdt - Some cryptocurrency insiders are claiming that a digital coin called tether is being used to prop up the price of bitcoin. - an article from cnbc.

"..But the company's online critics have long alleged that Tether, which has close ties to the crypto exchange Bitfinex, has been issuing more USDT than it has dollars in the bank, in order to drive up the price of bitcoin."
From an article from coindesk. Sad
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April 21, 2018, 03:29:43 AM

Are we back to weekend pumps?
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April 21, 2018, 03:37:03 AM
Last edit: April 21, 2018, 03:51:59 AM by jbreher

Well, the way I see it, Lightning was two years too late. And it will be three or four years too late before it makes an appreciable difference. In professional engineering, one always does the best bang for the buck before engaging more resource intensive, longer, more complex solutions. Simple blocksize increase first.
Yea well maybe if that had been the rhetoric of the big blockers at the time there wouldn't have developed this schism. If they had said, look we need to increase the block size enough to get us over this hump until we can roll out some more practical second layer solutions and pressed for that I bet they could have gotten our capitulation.

That was the rhetoric. Since about 2014. Well before the fork.

Quote
Instead Ver comes out ranting and raving about how he is the one true emissary of Satoshis will and that Satoshi wanted huge blocks, big enough that everyone and their grandma can fit how ever many trivial transactions as they wish in there and that that WAS the solution to scaling, not a temporary stop gap measure.

Ver? Ver wasn't involved in Bitcoin Cash until well after the fork. At least as far as I have seen. Have you forgotten Bitcoin Unlimited? Bitcoin XT? etc?

Quote
Your argument sounds reasonable enough but they are not the arguments I am familiar with from the bcash community. I think perhaps you may be projecting rather than accurately describing the general consensus in the community. Unless you are trying to run defense for them by presenting them in a more rational light.

Defense for whom? This silly conflating of Ver, Wu, and Wright as 'the BCH community' is a complete mischaracterization. Yes, they talk about BCH. As do a host of others. But the only ones that seem to be quoted by those that hate BCH are these three. Well, maybe Mcafee too.

Quote
Add that the way Core/BS implemented the ugly kluge of shoehorning segwit in via a so-called soft fork has fundamentally changed Bitcoin's security model, and there is not much to love there.
They did that because their hand was forced by you guys. No one wanted to roll that out as early as they did in that state. They were trying to save bitcoin from Ver's hair brained machinations.

No. That was the segwit plan from the start of when core started seriously discussing its implementation. Long before serious talk of Bitcoin Cash. Which was itself a defensive move to save Bitcoin from the cancer that is The SegWit Omnibus Changeset.

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April 21, 2018, 03:39:25 AM
Merited by BobLawblaw (2), JimboToronto (1), Searing (1)

the cancer that is The SegWit Omnibus Changeset.
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April 21, 2018, 03:47:17 AM

Are we back to weekend pumps?


Indeed I hope so, one more major FUD fest like the last month and the IRS taxes due date...and I'll crack like a walnut...not sure how I would handle

another FUD fest and dump to 6,600 again...

(just saying, long time HODL'er..but man, I need a break on the cycles happening this fast ..it is dizzying!)

crosses fingers Smiley
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April 21, 2018, 03:56:43 AM

Without looking at any charts, it seems to me like a replay of last Spring. In April we had BTC gains followed by a huge altcoin pump. In May it looked like "t3h flippening" was imminent.
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April 21, 2018, 04:28:50 AM

Looks like we need to take a break and consolidate at $8800.  We might be here for a few days.
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April 21, 2018, 04:29:01 AM
Merited by Digithusiast (5)

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April 21, 2018, 04:30:51 AM

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?
0 confirmation transactions. No, seriously - that's the amazing and innovative feature bcash has implemented to try to compete with lightning.

What, did they get some sort of commitment from a federation of miners/pools that when they receive conflicting transactions in their mempool they will mine the one they encountered first rather than the one with the larger fee? That could be done with like 2 lines of code. If it's more interesting than that than I will go do some research.
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April 21, 2018, 04:31:05 AM

Charts?  D,4h and 1h for your viewing pleasure.





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April 21, 2018, 04:34:32 AM

Pornhub Now Accepts Payment In Cryptocurrency:


https://www.zerohedge.com/news/2018-04-17/pornhub-now-accepts-payment-cryptocurrency
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April 21, 2018, 04:46:46 AM
Merited by erre (3), Neo_Coin (1)

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