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Question: What year will we achieve a new ATH?
2019 - 31 (29.5%)
2020 - 42 (40%)
2021 - 26 (24.8%)
2022 - 4 (3.8%)
2023 - 0 (0%)
Never - 2 (1.9%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21171746 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. (23 posts by 12 users deleted.)
bitserve
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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.

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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?

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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.

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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
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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
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April 21, 2018, 05:16:09 AM

Who would have guessed the most fraudulent exchange on the planet where no real humans even trade on for fear of being Gox'd would try and paint the tape higher with tethers printed from thin air.

Governments do that constantly and nobody cares, nobody says its "immoral".

I hope they print more. We are going up to 10k now. Cry me a river.

That's a dumb comment.  When just about every single person in this space knows Bitfinex is a giant fraud cooking the books and even acknowledges all price movements occur due to fraud on that exchange, it would make bitcoin a toxic asset.  Because what is the real price once the fraud is inevitably removed?  $3k? $1k?  $400?  $200?  A lot of noobs here have every single penny invested in bitcoin, and once this newer version of Gox eventually blows up, they will all be Bernie Madoff'd back to the stone age.  

The existence of crooked exchanges who cook their books 24/7 like Gox, Huobi, and Bitfinex is not a good thing for anyone advocating bitcoin as a "store of value".  If the price is entirely a derivative of what occurs on Bitfinex, it's just a store of fraud.
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April 21, 2018, 05:39:09 AM

No chance  Grin
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April 21, 2018, 05:42:15 AM
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 Grin Grin

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April 21, 2018, 05:58:07 AM

Look at that walls at Bitstamp.

What I also like is that buywalls are forming

1300 BTC need to be sold to move back to 8,5k
2100 BTC need to be sold to move back to 8,0k

=> So this will not happen that fast :-)

Meanwhile we need 600 BTC to 9k or 1200 BTC to 10k
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April 21, 2018, 06:07:54 AM

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April 21, 2018, 06:18:58 AM
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