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Question: What year will we achieve a new ATH?
2019 - 26 (30.2%)
2020 - 35 (40.7%)
2021 - 20 (23.3%)
2022 - 3 (3.5%)
2023 - 0 (0%)
Never - 2 (2.3%)
Total Voters: 86

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21170189 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.)
V1lpu
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July 02, 2018, 11:44:09 PM

Optimistic Google Trends on 'Bitcoin' search. Pay attention to the similar trends on the same date (June-July), I marked it with red arrows.

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regent4
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July 02, 2018, 11:56:56 PM

OK GIVE ME SOME MERIT  Wink

Breakout yesterday from

Hourly

https://i.imgur.com/WOmpeFa.png

Breakthough previous hourly measured waves.  Starting new short term or long term trend?

Daily
https://i.imgur.com/BoozCz1.png

Going to P6 then P7?

Analysis here

http://blockchainshowdown.blogspot.com/2018/07/btc-usd-3rd-july-2018.html
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July 03, 2018, 12:00:08 AM
Merited by Last of the V8s (1)

There is nothing worse than a warm gin and tonic.

I heard all the trains stopped running because it hit 25C over the weekend.

I heard all the koalas were riddled with chlamydia.


Well let that be a warning to you sir. 
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July 03, 2018, 12:01:40 AM

I see a new daily bar above prior resistance or the April low however you see it.  Probably helps some, bullish.   Would a smart trader here presume volatility or doubt and set a buy to 6523 for a move to confirmation before much further rise, I will check in views of various traders on this move

Triple bottom on Platinum, must be a sign.

Do I understand you correctly that it will have the same ‘performance’ as Gold the last 5 years  Roll Eyes


Do I think that ?   no, I'm just observing and a very general opinion is all the precious metals will react to unstable global currency.  That does appear to a reasonable long term forecast, instability could also mean really poor finance ability for mines many of which fall short on funding even large billion dollar operations I see stumble.  

Platinum when I say industrial to me that means it'll be very hard to predict, its tied into Car production and demand.  To some extent its also about technology, the petrol vs diesel vs electric fight going on.  It can also be held as a monetary asset but no I wouldnt place it next to gold.  The ratio between gold vs silver is often analysed as an indicator, then also Gold vs platnium means something too.  Gold vs oil is a massive one as the majority of mining operations are energy intensive and oil is related to global growth.   Heres a good website on this kind of interpretation: http://pricedingold.com/
also stockcharts.com will allow graphing of ratios.  Dow priced in gold etc.  Some say it'll go 1:1  


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July 03, 2018, 12:03:10 AM
Merited by Elwar (1)

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-July/016189.html

Here are the Bitcoin alert keys for your pranking consideration.
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July 03, 2018, 12:03:51 AM

Can you still eat them?
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July 03, 2018, 12:04:09 AM



New poll suggested by nanobtc.

age poll ?? whats the reason?

Hahahahahaha



In order to improve our ability to engage in ad hominem attacks, rather than talking about actual substance.  Don't you know nuttin?   Cheesy Cheesy
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July 03, 2018, 12:04:14 AM

I heard all the trains stopped running because it hit 25C over the weekend.

The UK is a serious country filled with serious and capable institutions.

We acknowledge all of them only function within a 5-22 centigrade window but I'd like to see somewhere like Ecuador do better.

My money is on Ecuador post 29 March 2019.
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July 03, 2018, 12:06:14 AM

My money is on Ecuador post 29 March 2019.

We're all joining Julian in their embassy so we're in their hands.
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July 03, 2018, 12:06:42 AM

OK GIVE ME SOME MERIT  Wink
no one has any
maybe buy copper membership so we don't have to click newbie links
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July 03, 2018, 12:08:32 AM

OK GIVE ME SOME MERIT  Wink
no one has any
maybe buy copper membership so we don't have to click newbie links

I mean, it's a sexually transmitted disease. Should be fine to eat.
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July 03, 2018, 12:10:11 AM

Have you ever smelt koala droppings?


Edit:  Maybe this should be our next poll.  
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July 03, 2018, 12:13:43 AM

Have you ever smelt koala droppings?

Have you. I do not know of much Aussies going round smelling koala shit


Anywho

Cannot wait

the return of Taaki one of bitcoins lead developers

http://www.wired.co.uk/article/amir-taaki-dark-wallet-cryptocurrency-bitcoin-revolution-catalonia

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July 03, 2018, 12:15:17 AM

Before you drop a caribou you have a smell to make sure everything is on the up and up. No reason to pay the fine if you can't eat the thing. I imagine it works the same in Oz only in reverse somehow.
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July 03, 2018, 12:15:57 AM

I know of a lot of Aussies who have gone for a walk under eucalyptus trees.  
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July 03, 2018, 12:17:25 AM

I know of a lot of Aussies who have gone for a walk under eucalyptus trees.  

Koala's do not live where Aussies walk
JayJuanGee
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July 03, 2018, 12:18:50 AM

Whats wrong with conspiracy?  Some things should absolutely be questioned until the truth is in a majority consensus.

I suppose.

Never say never, but does anyone really believe that segwit is going to get reversed due to lack of support?

I doubt it.

In the meantime, a variety of FUDsters will continue to denigrate segwit, and seem to cause even smart peeps to fail/refuse to use segwit features (and addresses) which will continue to carry out the intended behaviors preferred by the FUDsters - largely what seems to be a delay the inevitable, which is greater and greater segwit adoption.

Perhaps instead of having high levels (such as greater than 2/3) of segwit adoption in 2 years, it will take more than 4 or 5 years?  If they are successful in the FUD spreading, then I suppose it could take a while to get to majority and even convincingly majority status with segwit adoption, perhaps?

I've been thinking about that anunymint guys idea. Have we seen it play out before, on the etherium blockchain?

Is bitcoin close enough to ethereum to conclude that something that happened on ethreum (two years ago) would be reasonably feasible on bitcoin today?  or in the future?

He reckons that miners at some point will mine segwit coins to themselves as a 'donation' because (AnyoneCanSpend) in the (original bitcoin) protocol allows it to happen. This will trigger a fork in which the core supported chain would roll back to reverse that theft by miners.

Would that be a bit like the the Etherium DAO hacker helping himself to funds via the bug ridden piece of shit that it was?

You can argue that the problems with the ethereum contract language a couple of years ago is at a sufficiently high similarity to segwit language, but certainly, I don't understand that segwit language is anywhere near as sloppily written as DAO language - or even as powerful as the weakness that was in the DAO language.

In the etherium case, claim to immutability was lost because the transactions were rolled back, the chain forked and the immutable etherium classic was born.

I recall Ethereum claiming to be pro-hardfork well before the DAO attack, and they were lording over their "hard fork friendly" disposition and practice prior to the DAO hardfork that went a bit worse for them with the birth of ethereum classic.

In the ether case the market didn't care about immutability and the value stayed with Etherium leaving classic as an alt. Would the same follow for bitcoin core ?

Game theory, I suppose to see if a hardfork would occur in bitcoin or not because of such a supposed flaw?  Sounds more like speculative FUD spreading to me than a real possibility, but what do I know?

edit 1: In this scenario (if I understood it correctly) it will be quite hard for the core chain to continue to claim being the one true bitcoin I would have thought. But then again I thought that about etherium too at the time.

You are assuming that there is going to be a bitcoin hardfork under such circumstances.. don't we have to get there first, before assuming the rest?

edit 2: I'm not trolling just trying to think through the possibilities. I also don't think anunymint is trying to troll either. Nearly all the replies I read to his posts didn't directly relate to what he was trying to say.

If anunymint is so smart and so misunderstood, then why can't he be smart enough to figure out a better way to present his ideas, rather than attempting to lord over his supposed technological expertise and calling everyone other than himself dumb?  Furthermore, if he was so smart, then why doesn't he work with core to attempt to help solve the problem... Oh no?  Core folks are so dumb that they disregard the smartness of anunymint, who is the smartest person in the room.
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July 03, 2018, 12:19:07 AM

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-July/016189.html

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Quote
ancient node (running v0.12.x or older)
little dig from kanzure there after his warm reception chez MP
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July 03, 2018, 12:20:46 AM

If you mean Potts Point and Toorak then yes.  There’s still an ass load of koalas round my part of town.
JayJuanGee
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July 03, 2018, 12:42:27 AM

Whats wrong with conspiracy?  Some things should absolutely be questioned until the truth is in a majority consensus.

I suppose.

Never say never, but does anyone really believe that segwit is going to get reversed due to lack of support?

I doubt it.

In the meantime, a variety of FUDsters will continue to denigrate segwit, and seem to cause even smart peeps to fail/refuse to use segwit features (and addresses) which will continue to carry out the intended behaviors preferred by the FUDsters - largely what seems to be a delay the inevitable, which is greater and greater segwit adoption.

Perhaps instead of having high levels (such as greater than 2/3) of segwit adoption in 2 years, it will take more than 4 or 5 years?  If they are successful in the FUD spreading, then I suppose it could take a while to get to majority and even convincingly majority status with segwit adoption, perhaps?

I've been thinking about that anunymint guys idea. Have we seen it play out before, on the etherium blockchain?

He reckons that miners at some point will mine segwit coins to themselves as a 'donation' because (AnyoneCanSpend) in the (original bitcoin) protocol allows it to happen. This will trigger a fork in which the core supported chain would roll back to reverse that theft by miners.


No, it won't roll back. Any block which includes any "steal" of Segwit "anyonecanspend" addresses would simply be rejected/orphaned by the nodes and miners supporting the consensus rules, that is what would automatically make the attackers be left in a new fork (no matter if they are 1% of hashrate or 99% at the moment of the attack).

Then, depending on how much hashrate they represent, would try to claim it is the legitimate chain and try to convince exchanges and other major players (currently running nodes with the consensus rules and with lots of money and credibility on stake) to switch to their chain by changing the software they are currently running to rollback and accept those invalid blocks or directly switch to the rogue chain.

P.S.: It should be noted that at the very moment those exchanges switch to the attackers fork they would be automatically bankrupt. So try to guess what is the probability of that to happen....

It sounds pretty drastic, and likely to happen.  new chain is going to be legacy only... fuck segwit!!!!!!!!!

Everyone abandon all segwit addresses, and revert to the safety of legacy.   Go legacy go.....  That way the trolls get their way while we extensively and completely prepare for an event that is about .00001% to happen.
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