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

[JayJuanGee]

Due to the increased centralization of big blocks,

The assertion that big blocks increases centralization is an unsupported bald one. Can you even define 'centralization'? If so, where are the figures showing this supposed centralization?

One sign of a troll is someone who wants to vehemently argue obvious points and to put the burden on others to support such obvious points.

0-conf-accepting vendors have to increasingly trust an increasingly centralized mining cabal.

You realize, of course, that the set of miners capable of mining BCH is exactly the same as the set of miners capable of mining BTC, right?

Capable of doing it and actually doing it seem to be two different things.

I'll take smaller blocks and lightning over that.

Fair enough. You payz yo money and you makes yo choice. I'll take the big blocks, thanks.

Too bad, you would not just flip off and spend your time over there with your fellow BIG blocker freaks (especially since you supposedly have the better system, but I doubt even you believe your own shit), as you already know peeps over here are a bit sick of your repetitive seemingly white knighting at best but more likely intentional trolling nonsense in these parts.

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[JayJuanGee]

[edited out]

Now this "pretentiousness phenomenon" almost made it to the TBDR level.

I am glad that you stuck it out, because I did not in no way attempt to use BIG words in order to attempt to marvel anyone nor to "put on airs."

[Wekkel]

I'm going to check into that this weekend. Sounds interesting.

I think here's more: https://medium.com/@coop__soup/00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a-cd4b67d446be

[Fatman3001]

hmmmm.... not sure about the market nowadays

reminds me of something I read the other day


"The day that soared up from earths furthermost strand
Augmenting with blood — and with firebrand
It grew with terror - like a breath that was lost
It seemed like the starlight - was slain by the frost."

[FractalUniverse]

EDIT2: See what I mean ? Sheeit.

from now on, this picture is what will come to my mind when someone says 'bagholder'.

*omg bitcoin looks crashy today. again :/

[Phil_S]

[JayJuanGee]

hmmmm.... not sure about the market nowadays

Not surprising that you don't know much.  You were part of the doom and gloom BIG blocker nutjob crowd in early 2017.  Why you want to come around now and spew some more doom and gloom?  Doubtful that you would really have any meaningful (especially when it relates to actual bitcoin rather than attacks on bitcoin) contribution, anyhow, right?

[realr0ach]

Don't feel too bad about having anything written by anonymint going over your head. That guy is in a league of his own. Usually, just to get a dim inkling of understanding any of his posts requires many hours of research. However, if you do make the attempt to try and decipher his message, it usually leads to a much deeper understanding of how BTC actually works.

Well, the problem with Anonymint is that he starts from some small set of presumptions and then extrapolates one dictionary length from there, so if he gets any of the basis wrong, a lot of the rest is going to be totally out there.  The whole "knowledge age" thing for instance.  All it takes is a rudimentary understanding of the works of people like Joseph Tainter to know the odds of a dark ages collapse is VASTLY higher or even inevitable than any kind of knowledge age.  

There are diminishing returns to complexity of systems, and it's definitely possible to overshoot in terms of what is tenable by the finite human mind.  Take the tax and legal system for instance, they both just snowball out of control in complexity until they become totally useless and have to be scrapped entirely.  Civilization does not go upwards at a 45 degree angle on a chart increasing in complexity infinitely, and it's not possible for bitcoin to do so either.  You always have a few steps forward and a few back, and sometimes you get much more steps back than forward, which is a dark ages on the micro view.  

There is no guarantee of making it back to where you were either.  Regardless, the dark ages are a necessary evolutionary process in all systems to cleanse it of the overly complex, irrational, or inefficient.  As anyone can see, there's a whole lot of all three of these things in the world right now.

[kaicrypzen]

.... If we are very lucky it will be a new crusade against Islam. ...

Funny how you make it sound like we actually all think that a crusade is a good thing and Islam is a bad thing (as far as my interpretation of being lucky is concerned) .

[Fatman3001]

hmmmm.... not sure about the market nowadays

Not surprising that you don't know much.  You were part of the doom and gloom BIG blocker nutjob crowd in early 2017.  Why you want to come around now and spew some more doom and gloom?  Doubtful that you would really have any meaningful (especially when it relates to actual bitcoin rather than attacks on bitcoin) contribution, anyhow, right?

Hey, man.

It wasn't aimed directly at you ya know. We all have different strategies.
Some like to make money. Some like to buy the top and masturbate furiously down to the bottom.
As I remember you got some nice buys in at the 2013 top, I bet you got some sweet buys in near the 20k top too.

Now, I'm not judging.
It's just different strokes, you know.
Of course you know.

I can just imagine you sitting there watching your money getting flushed down the drain.
Smiling. Drooling. Angrily beating away at that three inch killa.

We all have to accept each other for who we are.

And I, for one, I salute you!!!

[RivAngE]

Here comes the last price crash! Brace for impact people!
As I've been saying, we need to fall bellow the 5.000€/6.600$ in order for the bears to be satisfied, only then can a new bull run start (I'm reading here and there good fundemental news about crypto as well)

[JayJuanGee]

hmmmm.... not sure about the market nowadays

Not surprising that you don't know much.  You were part of the doom and gloom BIG blocker nutjob crowd in early 2017.  Why you want to come around now and spew some more doom and gloom?  Doubtful that you would really have any meaningful (especially when it relates to actual bitcoin rather than attacks on bitcoin) contribution, anyhow, right?

Hey, man.

It wasn't aimed directly at you ya know. We all have different strategies.
Some like to make money. Some like to buy the top and masturbate furiously down to the bottom.
As I remember you got some nice buys in at the 2013 top, I bet you got some sweet buys in near the 20k top too.

Now, I'm not judging.
It's just different strokes, you know.
Of course you know.

I can just imagine you sitting there watching your money getting flushed down the drain.
Smiling. Drooling. Angrily beating away at that three inch killa.

We all have to accept each other for who we are.

And I, for one, I salute you!!!

Why don't you go beat off with your bcash pumping somewhere else?   You really think that when you come to the wall observer thread that you can affect the BTC prices with your negativity about BTC?  Why don't you go employ your multi-coin strategy in another thread?  Oh no, you want to impart some of your alt coin pumping wisdom, here?

My BTC portfolio and finances are doing quite well.  Remember BTC prices went up from $250 to $19,666.  

Sure we are in a bit of a correction right now, but still feels good to have BTC up 26x from the $250 prices that dominated 2015.... so investing and accumulating BTC has been a very profitable strategy for a large number of folks who have not gotten too distracted.

Yeah, so fucking what if you made more money by investing in other coins and moving your shit around.. (that is if you did), because the odds are not quite with you if you are all over the fucking place.  

I am not here to compete against you or anyone else regarding the performance of my investment because I have engaged in a strategy to tailor my investment for myself.. if you did happen to make decent money through other projects then good for you, but this is a BTC thread, and, if you are not here to talk about BTC then you are off topic, so why don't you go roll with your other alt coin and ico scam investment in other threads?

[mike4001]

Back below 6,5k

OK, I am calling it: I will not say never, but we won't see anything above 7k before 2019.

[mike4001]

Back below 6,5k

OK, I am calling it: I will not say never, but we won't see anything above 7k before 2019.

Because? The tree was shook and you thought the sky was falling?

Because of common sense

[Rosewater Foundation]

ffs

[El duderino_]

Back below 6,5k

OK, I am calling it: I will not say never, but we won't see anything above 7k before 2019.

Because? The tree was shook and you thought the sky was falling?

Because of common sense

after a small dive fools are back to talk about prices 

[afbitcoins]

I agree with the ‘common’ part of your claim. I haven’t seen you make a sensible case for your prediction yet unless you have made it else where?

My open question has been whether we’re going into a crypto-winter now or not. I still think not. And thus think $10k before the end of the year and new ATHs before summer 2019.

chart

Crypto winter similar to last one (red squiggle) would invalidate the bull channel on this chart. Doesn't mean not possible especially if segwit booty, and USDT problems cause crypto chaos, but I personally anticipate this channel more likely to stay valid a while longer, maybe like the 'green squiggle'.
 

[luckygenough56]

please debate humans am just lurking

[Fatman3001]

hmmmm.... not sure about the market nowadays

Not surprising that you don't know much.  You were part of the doom and gloom BIG blocker nutjob crowd in early 2017.  Why you want to come around now and spew some more doom and gloom?  Doubtful that you would really have any meaningful (especially when it relates to actual bitcoin rather than attacks on bitcoin) contribution, anyhow, right?

Hey, man.

It wasn't aimed directly at you ya know. We all have different strategies.
Some like to make money. Some like to buy the top and masturbate furiously down to the bottom.
As I remember you got some nice buys in at the 2013 top, I bet you got some sweet buys in near the 20k top too.

Now, I'm not judging.
It's just different strokes, you know.
Of course you know.

I can just imagine you sitting there watching your money getting flushed down the drain.
Smiling. Drooling. Angrily beating away at that three inch killa.

We all have to accept each other for who we are.

And I, for one, I salute you!!!

Why don't you go beat off with your bcash pumping somewhere else?   You really think that when you come to the wall observer thread that you can affect the BTC prices with your negativity about BTC?  Why don't you go employ your multi-coin strategy in another thread?  Oh no, you want to impart some of your alt coin pumping wisdom, here?

My BTC portfolio and finances are doing quite well.  Remember BTC prices went up from $250 to $19,666.  

Sure we are in a bit of a correction right now, but still feels good to have BTC up 26x from the $250 prices that dominated 2015.... so investing and accumulating BTC has been a very profitable strategy for a large number of folks who have not gotten too distracted.

Yeah, so fucking what if you made more money by investing in other coins and moving your shit around.. (that is if you did), because the odds are not quite with you if you are all over the fucking place.  

I am not here to compete against you or anyone else regarding the performance of my investment because I have engaged in a strategy to tailor my investment for myself.. if you did happen to make decent money through other projects then good for you, but this is a BTC thread, and, if you are not here to talk about BTC then you are off topic, so why don't you go roll with your other alt coin and ico scam investment in other threads?

I came here with poetry befitting the current state of affairs in Bitcoin, and you, without provocation, attacked me.
I turned the other cheek and held out an olive branch.
The rest, your insecurity about you finances, your immense regret about not grabbing the low hanging fruits in the alt market to increase your BTC stack, and your fear of having bet on the wrong Bitcoin; that's on you. Now, it doesn't bother me that much that you're trying to project all of this onto me, but as a fellow human being I do find it appropriate to point out to you what you're doing. At the very least so you can face the future knowing that you've chosen your delusions, and as such are a self-realized individual.

[Majormax]

Don't feel too bad about having anything written by anonymint going over your head. That guy is in a league of his own. Usually, just to get a dim inkling of understanding any of his posts requires many hours of research. However, if you do make the attempt to try and decipher his message, it usually leads to a much deeper understanding of how BTC actually works.

Well, the problem with Anonymint is that he starts from some small set of presumptions and then extrapolates one dictionary length from there, so if he gets any of the basis wrong, a lot of the rest is going to be totally out there.  The whole "knowledge age" thing for instance.  All it takes is a rudimentary understanding of the works of people like Joseph Tainter to know the odds of a dark ages collapse is VASTLY higher or even inevitable than any kind of knowledge age.  

There are diminishing returns to complexity of systems, and it's definitely possible to overshoot in terms of what is tenable by the finite human mind.  Take the tax and legal system for instance, they both just snowball out of control in complexity until they become totally useless and have to be scrapped entirely.  Civilization does not go upwards at a 45 degree angle on a chart increasing in complexity infinitely, and it's not possible for bitcoin to do so either.  You always have a few steps forward and a few back, and sometimes you get much more steps back than forward, which is a dark ages on the micro view.  

There is no guarantee of making it back to where you were either.  Regardless, the dark ages are a necessary evolutionary process in all systems to cleanse it of the overly complex, irrational, or inefficient.  As anyone can see, there's a whole lot of all three of these things in the world right now.

That is a good insight, and reflects the way I view things as well.

Whilst having faith in a long term proposition (ie global adoption of BTC etc ) it is important to consider the alternative probabilities, as well as understanding the nature of the long setbacks which may be part of the process.