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Question: What year will we achieve a new ATH?
2019 - 38 (27.9%)
2020 - 56 (41.2%)
2021 - 31 (22.8%)
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2023 - 1 (0.7%)
Never - 4 (2.9%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21176460 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. (24 posts by 13 users deleted.)
fluidjax
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April 24, 2018, 05:44:10 AM
Merited by Last of the V8s (1)

This is the test to determine the real Bitcoin, it's really very simple:

I run old original Bitcoin software that was released before the 2017 forks, both hard and soft.
I use that software to make a transaction.
The chain upon which that transaction is accepted is the real Bitcoin.


(A watertight definition would need to include version numbers and reference to non-contenious early hard forks)


Quote from: Anon136
Would old software know how to cope with segwit? I think it would consider newer blocks invalid on both forks and stop downloading them but it could probably still connect to peers on either network fork so I think you should be able to publish a transaction on either.

Also, why is your definition dependent upon which chain a transaction could be published on instead of which software could allow one to author a valid block? That seems like and equally valid way to think about it as in terms of transactions.

You can ignore segwit it is irrelevant for the purpose of this test. The old software doesnt generate segwit TX's
Old software (pre soft fork) still works on the Bitcoin chain, but not on the BCH chain.
The Bitcoin chain is backwards compatible with older Bitcoin sotfware.
The Bitcoin Cash chain is not backwards compatible.
Common sense tells you which is the real Bitcoin.

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HairyMaclairy
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April 24, 2018, 05:44:18 AM

I bought the pump.

I think I may be done trading Bitcoin until late 2018.  
Anon136
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April 24, 2018, 05:54:11 AM

Well then make an argument for why your preferred fork is "the real bitcoin" that is not based in opinion or some sort of logical fallacy.

What came first. Bitcoin, or Bitcoin Cash ?

Now please go and fuck off already.

Yes I did. I "fucked off". See my earlier comment where I said I'm done talking about it. I'm pissing people off and that never was my intention. Sorry.
bitserve
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April 24, 2018, 05:56:12 AM

Still thinking this is complete nonsense but ...

https://bircoin.top/

We are 3% ahead of the prediction Cheesy


6.8% ahead right now. It's still a bullshit prediction. $1M at 2020? I can't be so lucky. No.
DaRude
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April 24, 2018, 06:04:53 AM
Merited by JayJuanGee (1), Anon136 (1)

Bcash is a fork. Bgold is a fork. These are forks of Bitcoin.
This is the least complicated thing ever. Roll Eyes

Let me be clear guys. I share your opinion. It is my opinion as well that bitcoin core is the real bitcoin. All I am arguing is that that is my opinion and not a fact that is in some way objectively valid.

In what fundamental sense is bcash different from bitcoin core that makes it the fork and not bitcoin core the fork of it? Bitcoin core has changed the consensus algorithm too just like bcash. We used to not have segwit enabled and bcash used to not have massive blocks. One isn't "the fork" they are each forks of the other.

#1 Ok, here is an argument for you then. When bcash forked, the market made a choice and declared bitcoin, bitcoin when the value stayed in bitcoin and did not transfer to bcash

#2 Here is another one, bcash changed the difficulty adjustment mechanism (block #478559) before bitcoin activated segwit (block #481824) and was therefore a fork of bitcoin at that instant. Then, even if you want to say segwit is not bitcoin, bitcoin forked from itself at block #481824 and then won the fork with itself and became bitcoin

Did I dumb it down enough for you?

I mean I hate doing this because it's getting really boring and I feel like everyone here should have just understood what I was saying by now but:

#1 So it's a democratic thing? Because I can tell you some of the value did go to bcash. So the fact that more went to core is what made it "the real bitcoin"? So if 51% had gone to bcash you would have reluctantly agreed that it was the real bitcoin? Even though ver's ideas are garbage? What if bcash slowly gains more and more and gets to over 50% in the future? Does it then become "the real bitcoin". If the value bounces back and forth back and forth between 49% and 51% relative to each other does the "real bitcoin" change every day as the value changes? Even if I don't go this route and accept your reason. Even if I allow that "the market decided" why does the market get to decide? You still have to say why. You can't just declare it. It just so happens that I agree with the markets decision however If ver's garbage vision for bitcoins future had won out in market capitalization after the fork I wouldn't have accepted it as "the real bitcoin" just because it had slightly more market cap. I would be here saying that core was the real bitcoin in my opinion even though it was slightly less capitalized.

#2 If that is a real reason, than you would have to say that you would call ver's version of bitcoin "the real bitcoin" if the roles had been reversed and core forked first instead of cash forking first. Are you really prepared to stand behind that?

Anyway I'm getting really tired of this and really annoyed that there isn't one single person to step forward to say that they understand what I mean. Even though I really do believe in what I am saying and I think that I have good arguments behind it even I am starting to feel like a troll at this point. So I think I am going to disengage from this pursuit.

On a lighter node. Screw lambos. I'm want one of these.

https://www.youtube.com/watch?v=BsfgbHvuYRU



I think you have a valid argument, but you're arguing the wrong thing  Grin try changing the topic to defining what makes a chain "the real bitcoin" most likely you won't be able to agree on an objective definition of "the real bitcoin". If you can't define "real" you're wasting your time arguing which one is "real".

That brings me to my next point, i believe the concept of the "the real bitcoin" is subjective, i.e. my definition of ideal "real bitcoin" is most likely different from yours. For example, at this stage I tend to value long term decentralization exponentially higher above pretty much everything else, so my views align more with the core, thus for me bitcoin is the real bitcoin  Wink if i had 1 month to live with no heirs or Ver gifted me 1MM of those bcash things and i just had a concussion and was dropped on my head a dozen times as a kid and did wayyyy too many hard drugs and snorted glue and had brain damage and couldn't spell my name and (well, you get the idea) i might be yelling that bcash in the real bitcoin and try to pump it to the moon before cashing out at the fork.
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April 24, 2018, 06:05:24 AM

#1. Your scenario doesn't matter because that isn't what happened and it doesn't matter anymore, also, see #2
#2. If bcash had forked at the same block as bitcoin, you may have an argument as to which is which but it didn't so bcash is the fork. You can't change how it happened.

Jesus christ man. https://en.wikipedia.org/wiki/Socratic_method

Sure, I'll be that guy who says "Ok, I understand your line of questioning".  You want to debate hypothetically on events that did not occur and may never occur. What could usefully come of this debate? All I can see is it continues to create doubt and question in a seemingly decided market/community.  Although your questioning is very suspicious at the top of this BCH pump  Roll Eyes  I'll give you the benefit of the doubt and accept you may have been confused for a moment and aren't a troll.

Have you been listening to Vinny?  
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April 24, 2018, 06:05:55 AM



Is it too late to post this, one of my fav cartoon memes. click for video

9277 is some relation to the 8500 area and another stage of the recovery from high of Feb and early March
You can ignore segwit it is irrelevant for the purpose of this test. The old software doesnt generate segwit TX's
Old software (pre soft fork) still works on the Bitcoin chain, but not on the BCH chain.
The Bitcoin chain is backwards compatible with older Bitcoin sotfware.



Seems fair reasoning.   This is the blockchain that proceeded with least disruption and most compatible time line.
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lose: unfind ... loose: untight


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April 24, 2018, 06:06:03 AM



So.... you've not seen the alternate ending?
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April 24, 2018, 06:11:00 AM
Merited by Anon136 (1)

Anyway I'm getting really tired of this and really annoyed that there isn't one single person to step forward to say that they understand what I mean.

Sigh. I think I understand what you mean.

There. Now you've been cursed. Sorry 'bout that.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 24, 2018, 06:12:51 AM

I bought the pump.

I think I may be done trading Bitcoin until late 2018.  


I really doubt that.   Tongue Tongue

I mean, I believe that you bought the pump, but there hardly seems to be any scenario in which a trade would not be advisable until late 2018 - unless you believer that bitcoin is going to merely go UP in some gradual progression between now and the end of 2018 - which seems like less than 5% odds.

One thing that is nearly certainly guaranteed in bitcoin, is that we don't know what the fuck is going to happen, which is almost the same as saying volatility is going to happen, which means trading to protect ur selfie.   Wink Wink
Anon136
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April 24, 2018, 06:14:11 AM

Anyway I'm getting really tired of this and really annoyed that there isn't one single person to step forward to say that they understand what I mean.

Sigh. I think I understand what you mean.

There. Now you've been cursed. Sorry 'bout that.

Haha I'm a leper like you now.
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April 24, 2018, 06:17:53 AM

#1. Your scenario doesn't matter because that isn't what happened and it doesn't matter anymore, also, see #2
#2. If bcash had forked at the same block as bitcoin, you may have an argument as to which is which but it didn't so bcash is the fork. You can't change how it happened.

Jesus christ man. https://en.wikipedia.org/wiki/Socratic_method

Sure, I'll be that guy who says "Ok, I understand your line of questioning".  You want to debate hypothetically on events that did not occur and may never occur. What could usefully come of this debate? All I can see is it continues to create doubt and question in a seemingly decided market/community.  Although your questioning is very suspicious at the top of this BCH pump  Roll Eyes  I'll give you the benefit of the doubt and accept you may have been confused for a moment and aren't a troll.

Have you been listening to Vinny?  

Check out his registration date, if nothing else that deserves merit on its own! Seemed any opinion that even remotely questions the validity of bitcoin is aggressively attack. The short term daily price watchers can fuck off and let the Legendary account make an arguments, if he can't make hypothetical i don't know who can. And he's been around long enough that daily BCH pump timing shouldn't be a suspect  
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April 24, 2018, 06:23:09 AM

This is the test to determine the real Bitcoin, it's really very simple:

I run old original Bitcoin software that was released before the 2017 forks, both hard and soft.
I use that software to make a transaction.
The chain upon which that transaction is accepted is the real Bitcoin.

So... they're both the real Bitcoin!?
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April 24, 2018, 06:27:20 AM



So.... you've not seen the alternate ending?

I'm not going to go there because it seems like a trap...  not that I don't trust you... hahahahahaha


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April 24, 2018, 06:36:50 AM

BTC finally broke the 9,200$ resistance and has establish a support in that area. Bitcoin needs to stay above it in order to continue being bullish. The problem I see now is that Bitcoin is currently forming an ascending wedge which is a bearish reversal and it might complete between the 9,350$ - 9,500$ level, But if Bitcoin goes above 9,500$ then the formation would be invalid. RSI is definitely overbought in short term periods so this is adding some weight in the bearish reversal. Keep your eyes active on the prices as Bull might sell their long positions.
becoin
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April 24, 2018, 06:44:59 AM

This is the test to determine the real Bitcoin, it's really very simple:

I run old original Bitcoin software that was released before the 2017 forks, both hard and soft.
I use that software to make a transaction.
The chain upon which that transaction is accepted is the real Bitcoin.

So... they're both the real Bitcoin!?

Bitcoin is Bitcoin. Bcash is Bcash. Case solved.
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April 24, 2018, 07:03:04 AM

Less forks coins, more boats!  I've been looking at full solar electric cats, and wingsail cats...   The electrics are maybe too slow, I dunno.  But silent self-sufficient power is pretty cool.
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April 24, 2018, 07:06:25 AM

I bought the pump.

I think I may be done trading Bitcoin until late 2018.  


I really doubt that.   Tongue Tongue

I mean, I believe that you bought the pump, but there hardly seems to be any scenario in which a trade would not be advisable until late 2018 - unless you believer that bitcoin is going to merely go UP in some gradual progression between now and the end of 2018 - which seems like less than 5% odds.

One thing that is nearly certainly guaranteed in bitcoin, is that we don't know what the fuck is going to happen, which is almost the same as saying volatility is going to happen, which means trading to protect ur selfie.   Wink Wink


I’m happy with my current position.  I don’t want to buy above $9200 this year.  So long as the price stays above $9200 then I am not going to buy or sell.  At least I say that now.  Whether I can stick to it we will see.
fluidjax
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April 24, 2018, 07:27:52 AM

This is the test to determine the real Bitcoin, it's really very simple:

I run old original Bitcoin software that was released before the 2017 forks, both hard and soft.
I use that software to make a transaction.
The chain upon which that transaction is accepted is the real Bitcoin.

So... they're both the real Bitcoin!?

Explain pls.
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April 24, 2018, 07:31:57 AM
Merited by HairyMaclairy (1), micgoossens (1)

whoa JimboToronto you and yours safe indoors?
Rosewater?

No problem. The ghastly weather ended last week. We're finally getting springlike weather (high teens Celsius) with sunny skies.

Just got home from the local bar and see we've apparently properly broken $9k. Let's hope it holds and we're ready to get back to 5 digits soon.

Now to sizzle up a nice ribeye.

Life is good. Go Bitcoin go.
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