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Question: Closing BTC Price June 28:
$0 - 5 (3%)
<$7,000 - 4 (2.4%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.8%)
$9,000-$9,499 - 4 (2.4%)
$9,500-$9,999 - 27 (16.3%)
$10,000-$10,499 - 24 (14.5%)
$10,500-10,999 - 12 (7.2%)
$11,000-$11,499 - 14 (8.4%)
$11,500-$12,000 - 15 (9%)
>$12,000 - 44 (26.5%)
>$20,000 - 13 (7.8%)
Total Voters: 166

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21245991 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. (66 posts by 16 users deleted.)
jbreher
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June 17, 2018, 06:13:43 AM

We have evidence in this thread of users not wanting to accept Segwit transactions. That's users not miners, that's a lack of fungibility, and that's an issue.

I didn't know that. If you gave me a legacy BTC address (if we had some sort of deal or transaction), I'd send you some BTC that came from a native segwit address. You'd still get your BTC, and you'll likely get it confirmed in a block faster too. Why would you not accept that? Would you return it?

I'm just saying that a couple of people upthread made that statement. That is -- by definition -- a lack of fungibility.

As to why, there may be several reasons. For me, it is the additional attack vectors.
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June 17, 2018, 07:20:33 AM

I never accept any dollars with the numbers 666 on it. Because satan.

Thus. The dollar is not fungible.
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June 17, 2018, 08:47:03 AM

fungible?



Free flowing, identical, mutually interchangeable


People from the Bath office cant work in the London office because they have different network adapters. Is bad for resource fungibility in the company. The cant easily move between offices and work.
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June 17, 2018, 10:41:11 AM

+  a few more months would fit a little better. If the chart is to be validated, taking this as a short wave,  expect a resuming uptrend before the end of 2018. If the present trend is turning into a long bowl formation, then a low of =/- $3k, and a return to ath by 2021 still keeps the log trend intact.

You are catastrophe announcer. FFS!

3k! Omg I would have to buy more!

No. Just a balanced view. In fact my post was bullish, as I was not mentioning the third case scenario.
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June 17, 2018, 10:44:22 AM

The trading volumes are very very low, once they will rise again soon a new dump will happen
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June 17, 2018, 10:58:08 AM

Come on, people, it's Father's Day. Daddy needs a new pair of Lambos. Sideways at 6500 just doesn't cut it.
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June 17, 2018, 12:33:10 PM

Come on, people, it's Father's Day. Daddy needs a new pair of Lambos. Sideways at 6500 just doesn't cut it.

r0ach security systems have been deployed to stop all bitcoin pump and dump scammers:

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June 17, 2018, 12:35:45 PM

A PAIR of lambos? I do not even want to buy one. Why does a lambo seem like a big waste of money no matter how much one has? My car can beat a lambo and it doesnt even cost half as much.
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June 17, 2018, 12:46:54 PM

A PAIR of lambos? I do not even want to buy one. Why does a lambo seem like a big waste of money no matter how much one has? My car can beat a lambo and it doesnt even cost half as much.
I mean true, i'll be fair, I'm young (26) and I like the idea of one but as a family guy, no fucking way. What am I going to do, leave the baby at home? Show up to my office job in a fucking lambo? If I was divorced and looking for tail I get it but no thanks. If I came into a windfall of money I would go GTR, tons of power and that back seat.
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June 17, 2018, 12:50:45 PM

So you cede that these issues exist. Great.
Did my reply imply as much? I don't think they are issues - that's why I was asking. After bitserve, fluidjax too pointed out the meaninglessness of focusing on 51% attacks as segwit-specific attack vectors.

Fungibility isn't a real issue, either - still IMHO. As SW transactions become the majority, only old or newborn coins will be left in your Type 1 (coins that were never touched by a SW transaction). Besides, LN acts as a kind of giant mega-tumbler. If/when LN really gets into widespread use, it will only help fungibility rather than undermine it.

Geeze, JJG - you need to look up the definition of 'fungible'. Within the three posts preceding yours, 2/3 of them stated that they were cautious of accepting Segwit transactions until they gained some confidence in it. That is definitively a lack of fungibility. A lack of fungibility is in no way limited to some sort of centralized blacklisting.
Those two posters stated that they were wary of SW transactions right after the soft fork. This hasn't much to do with fungibility in my understanding - more of a reasonable wait-and-see attitude motivated by sane skepticism about the technology itself - skepticism that might have been triggered by the FUD wave that some were spreading at the time.

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Peace out.
I'm totally cool.

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June 17, 2018, 01:23:59 PM
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A PAIR of lambos? I do not even want to buy one. Why does a lambo seem like a big waste of money no matter how much one has? My car can beat a lambo and it doesnt even cost half as much.
I mean true, i'll be fair, I'm young (26) and I like the idea of one but as a family guy, no fucking way. What am I going to do, leave the baby at home? Show up to my office job in a fucking lambo? If I was divorced and looking for tail I get it but no thanks. If I came into a windfall of money I would go GTR, tons of power and that back seat.

You buy a daily driver for normal life and a lambo for those sunny weekends when you have a bit of free time.

A waste of money, well depends on your circumstances.  If you and your family are financially secure then why not, when your an old man laying on your death bed will you remember how much money you hoarded, that boring shit box of a family car or will you remember flying around in the sun driving a lambo.

I happily trade money for life experiences.
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June 17, 2018, 02:34:56 PM

Lambo has a bull on the badge and it explain everything. Also 90% of Lamborgini's models are the names of famous bulls. It's interesting, just check it out. For example:

In a continuation of Lamborghini's tradition of naming its cars after stars from the world of bullfighting, the Murciélago is named for a fighting bull that survived 24 sword strokes in an 1879 fight against Rafael "El Lagartijo" Molina Sánchez, at the Coso de los califas bullring in Córdoba, Spain. Murciélago fought with such passion and spirit that the matador chose to spare its life, a rare honor. The bull, which came from Joaquin del Val di Navarra's farm, was later presented as a gift to Don Antonio Miura, a noted local breeder; thus began the famed Miura line of fighting bulls, and the name for one of Lamborghini's greatest designs.

How savage is this?
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June 17, 2018, 02:54:40 PM
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Bitcoin is the path to lambo. Lambo leads to women. Women lead to marriage. Marriage leads to...suffering.
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June 17, 2018, 02:57:52 PM
Last edit: June 17, 2018, 03:54:18 PM by bitserve

So you cede that these issues exist. Great.
Did my reply imply as much? I don't think they are issues - that's why I was asking. After bitserve, fluidjax too pointed out the meaninglessness of focusing on 51% attacks as segwit-specific attack vectors.

Fungibility isn't a real issue, either - still IMHO. As SW transactions become the majority, only old or newborn coins will be left in your Type 1 (coins that were never touched by a SW transaction). Besides, LN acts as a kind of giant mega-tumbler. If/when LN really gets into widespread use, it will only help fungibility rather than undermine it.

Geeze, JJG - you need to look up the definition of 'fungible'. Within the three posts preceding yours, 2/3 of them stated that they were cautious of accepting Segwit transactions until they gained some confidence in it. That is definitively a lack of fungibility. A lack of fungibility is in no way limited to some sort of centralized blacklisting.
Those two posters stated that they were wary of SW transactions right after the soft fork. This hasn't much to do with fungibility in my understanding - more of a reasonable wait-and-see attitude motivated by sane skepticism about the technology itself - skepticism that might have been triggered by the FUD wave that some were spreading at the time.


In fact, IF I am one of those two posters I would ask for a reread of my post: https://bitcointalk.org/index.php?topic=178336.msg40211481#msg40211481

Your interpretation is close to what I really said, yup. Even so, I never stated I would not ACCEPT a Segwit tx not even right after the fork. My paranoia doesn't go that far. As I said, I waited for MOVING my funds to Segwit addresses. Something I decided as a prudent (even if overkill) measure because:

- The cost of waiting was none. I had no real need to do it yet, if I had and the need was bigger than the minuscule perceived risk at that time I would have done it. I had the option not to and I took it as it had no cost. It's not much different than if a new denomination bill gets introduced and I decide to change all my cash to it or not. My choice.

- Even so, I would have GLADLY ACCEPTED any segwit tx sent my way at any time. I still do, so if anyone is willing to get rid of their funds in those "pesky" Segwit addresses I can provide one. I will be grateful.

- Also, yes, whatever extreme caution that was considered in the beginning about fully moving to Segwit is long gone. A thing of the past. Let's move on.

About fungibility.... if one (jbreher?) wants to take the term to the extreme meaning (IDENTICAL), then that doesn't really exists. There's no two identical anything. Not in cash -bill denomination, serial numbers, usage wrinkles, etc) not in gold bars -different weight, composition, usage marks, etc- neither in crypto, yeah.

But it is common sense to use the term as SIMILAR/REPLACEABLE and in that respect there is absolutely no lack of fungibility due to Segwit as jbreher is saying. That's complete bullshit.

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June 17, 2018, 03:00:46 PM

So...I think the big question now is....is the bear run this time around like 2013



or 2014-2015


Or will this be totally unique?

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June 17, 2018, 03:15:02 PM

Bitcoin is the path to lambo. Lambo leads to women. Women lead to marriage. Marriage leads to...suffering no lambo anymore.


FTFY
jbreher
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June 17, 2018, 03:27:52 PM

So you cede that these issues exist. Great.
Did my reply imply as much?

Yes. But I don't mean to put words in your mouth. How about: so you cede that these properties exist. Would that be fair?
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June 17, 2018, 03:35:55 PM

Good morning peoples.

While we still have rougly 9 hours before infofront's poll closes...I think I am going to be a bit shy on the daily high prediction for today.  Huh  Tongue  It appears that roughly 10% of us know what the fuck is going on around here..somewhat reassuring I suppose.  Cheesy


That being said..it appears that we will be heading in that direction over the short term as Bull's maintain support in the $6.4k range. Key resistance is still hovering in the $6.8k to $6.9k area. The price has moved upwards over the night to break out of the wedge we have been seeing but not with a decisive move. This is telling me we will most likely retest support in this range again before moving upwards and sideways after the close of today's daily candle.
------------
On an aside..  How about some of these alts..  How would you feel if bitcoin "paused" all transaction?  Uh..sorry guys..hold on while we stop the blockchain.  Ok..its back up...everything's fine...nothing to see here. Or another that released some kludgy code...one small typo and the entire chain became unusable.

Makes me grateful for the methodical conservative approach of bitcoin dev's. First and foremost I want my coins to be absolutely secure as possible.

------------

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D
Was the large dump coming into June a good thing? It might have been, it has taken the price well below the MA's and that sharks tooth jutting out below the cloud. Now that it is upon us will we start to recover upwards? Or will we continue to shy away due to the perceived low coming in August. My take on it so far..at least on the daily scale is we are so far below the Ichimoku that it has become almost irrelevant for now. #dyor

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June 17, 2018, 03:56:36 PM

I was promised a weekend dump ... ... ... Bob ...
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June 17, 2018, 04:01:35 PM

Bitcoin is the path to lambo. Lambo leads to women. Women lead to marriage. Marriage leads to...suffering.

Naw, women lead to getting laid which leads to dumping that nasty golddigger. Unless she's that one in, quite literally, a million who is worth a fuck beyond fucking. Better odds playing the lottery. Even better playing the roulette.
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