Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Fatman3001]

What a difference 5 years make!

It used to be "who is this annoying shit NLC?" now it's more like "Who's not NLC?".

JJG, you're the most annoying iteration thus far.

Kudos Porkchops!

[ivomm]

The angle of the trend line in the sharp bull run in Dec (followed by 4-5 sharp attempts at recovery in Jan and Feb) was unlikely to offer a meaningful support level.  As the steepness of the upward trend line was decreasing in the last week, the validity of the support level increases. This is a strong sign for a healty increase of the price in the range 15-17K in the next months (similar to Oct-Dec 2017).

[TERA2]

This has to make a very strong follow through or else next time the rally makes an kind of falter and turns around that 1W MACD line on the bottom is going to go negative.

[bitserve]

Are we still poor?

[Torque]

Oh the MSM, how you just gotta admire their constant brainwashing bullshit campaigns.

All last year, they worked hard trying to convince the masses that we were on the brink of nuclear war with North Korea.

This year, South and North Korea are planning mutual denuclearization.

Unbelievable.

[HairyMaclairy]

[Karartma1]

Are we still poor?

As the experts here say, you might as well wait at least 24 hours before thinking so. Because, as you should be aware the next 24h are tremendously critical. Like the 24h before

Oh the MSM, how you just gotta admire their constant brainwashing bullshit campaigns.

All last year, they worked hard trying to convince the masses that we were on the brink of nuclear war with North Korea.

This year, South and North Korea are planning mutual denuclearization.

Unbelievable.

Pathetic uh?

[Torque]

JJG, you're the most annoying iteration thus far.

I especially like the way he starts every condescending retort now with "Get the fk out of here with your...."

Like Vinny Barbarino style.

[afbitcoins]

edited out

JJG I do believe your response was quite philosophical in places   Thanks for taking the time to type that out though. Over our months of back and forth I've developed much more respect for your opinions *  Cheers


edit
_{* Not that I agree with them all but anyway.} 

Anyhoo heading out soon, so won't go into debate mode now

Well, there is always going to be some framework from which to work, so if you believe that it might be helpful to go over areas of presumption, then perhaps that could be helpful - although we could be repeating BIG BLOCKER arguments.  From your various posts, I do think that you give a lot more benefit of the doubt to the various BIG BLOCKER arguments and their framework than I do.

I tend to be really dismissive of various BIG BLOCKER framework and arguments because I think that they tend to be misleading in their tendency to create false comparisons and even to presume facts that are not in evidence - for example, BIG BLOCKERS have tended to spend so much time arguing the logic of increasing transaction times and fees - but they were also involved in SPAM attacks to attempt to create the facts that they claim existed to cause emergency needs to take action. 

Furthermore, BIG BLOCKERs seem to suggest that there is some necessity that the status quo of bitcoin needs to be defended, when in fact if they are proposing facts or logic, then they are the ones that need to provide evidence and logic for their position to change the status quo.  On a related note, their inability to get reception for their nonsense positions in terms of submitting BIPS and even perhaps their laziness in attempting to work within the bitcoin governance process seems to cause them to strive towards working outside the bitcoin system and to engage in attacks, threats and coercion in order to attempt to get their way, rather than really trying to get their proposed changes adopted through already existing bitcoin governance procedures.  They just ignore those governance procedures because they want to change (or sabotage the bitcoin procedures) or they have other get rich quick pumping of other personalized project agendas.

You seem keen to categorise me. Before you put me in big blocker category know this. I always ran a full bitcoin node. It was a hassle synching the  blockchain to get up to date when I wanted to do any transactions but I did it. I liked to have a feel for how big the blockchain was getting. How hard to synchronise. Over the years that I did this I was very aware of how much effort it took to run a full node and a sense of feeling its growth. I always thought that when a full node became too unwieldy for me that would be my signal to exit bitcoin. Recently my copy of the blockchain became corrupted. I spent a few days trying to repair/ resync and in the end gave up. I no longer run a full node. Who cares? I'm still with bitcoin but not running a full node anymore. But the point is even small blocks are too big. When you look at the constantly, endlessly growing blockchain.  

When I redeemed my bcash I didn't even consider a full node. With blocks that size! Who runs a full bcash wallet? anyone ?

With regards to block size I am not big blocker but small blocker. But if its on chain or off chain, I choose on chain. This puts me between a rock and a hard place. I  don't like big blocks and I don't like second layer. But maybe now you get a sense why I can be hedged with bitcoin and bcash. In the end I admit I don't know which will be best.  

In Dash master nodes have incentive to scale, so the network will remain big and distributed. The node will have to keep up or miss out. It has incentive to scale.  So at least there is that.

[Wekkel]

https://preview.ibb.co/ekhCzH/D053242_D_0589_4_F28_9_E53_4_EAE0922_F188.jpg

Beautiful 

[infofront]

For fork redemption, I'd recommend camku on reddit: https://www.reddit.com/r/BitcoinAirdrops/comments/8e95u6/hard_fork_selling_extraction_services_kyc/

He only takes a 5% cut, and does much of the work.

[Torque]

With regards to block size I am not big blocker but small blocker. But if its on chain or off chain, I choose on chain. This puts me between a rock and a hard place. I  don't like big blocks and I don't like second layer.

No it doesn't. You can use Bitcoin on-chain any time you want and avoid second layer solutions.

But maybe now you get a sense why I can be hedged with bitcoin and bcash. In the end I admit I don't know which will be best. 

Do you see any merchant adoption going on with bcash? No? Then there's your answer as to which one is best.

[soullyG]

For fork redemption, I'd recommend camku on reddit: https://www.reddit.com/r/BitcoinAirdrops/comments/8e95u6/hard_fork_selling_extraction_services_kyc/

He only takes a 5% cut, and does much of the work.

+1 for camku, dealt with him without issues before.

[afbitcoins]

You can use Bitcoin on-chain any time you want and avoid second layer solutions.

That is what I do. In fact I prefer to avoid segwit addresses too. Maybe overly paranoid but I'm not yet comfortable trusting them.

Do you see any merchant adoption going on with bcash? No? Then there's your answer as to which one is best.

The other day I paid my Vultr bill using bcash, because fees were lower. From what I've experienced bcash is getting more adoption than I expected. 

[RedBloodWhiteBones]

The other day I paid my Vultr bill using bcash, because fees were lower. From what I've experienced bcash is getting more adoption than I expected. 

Vultr accepts BTC as well (but not ETH):  https://www.vultr.com/faq/

Do you have any examples that only accept BCH and not BTC?

[gentlemand]

Speaking of which, I read an article the other day, that trepanning is starting to become a thing with extreme body modifiers.

I must admit I'm pretty tempted. Everyone enjoys strolling around with their genitalia dangling in the open air every now and then, just think about the lovely vibes if your brain got an airing? The poor little thing is shuttered in a bone box its whole entire life.

[Last of the V8s]

this one is probably not a photoshop job

[Last of the V8s]

New hardware wallet keeps your private key in your private place.

[bitcoinPsycho]

Bob bait?

[infofront]