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

[kurious]

ffs, is there some kind of rule 34 about conspiracy theories?

There should be, like: everything has a 'conspiracy (theory) of it'.

Make it rule 36?

It cannot be rule 35 - as that is already in use as the update to rule 34, which is that 'if there isn't yet, there will be'.

So, of course you'd need a rule 37 (see rule 35).

I never delved around the dark nutcase (or more enlightened?) fringe recesses of the web enough, life is too short.  However, after a few years on here, I have come to realise it's pretty pointless to assume anything will be universally accepted as a fact.  And often the rebuttal involves a conspiracy theory to prove it.

Challenger is a new one for me, but I am not surprised to see it exists.

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[Gyrsur]

no block since a hour. is BitCoin dead?  

https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3

[mike4001]

no block since a hour. is BitCoin dead?  

https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3

There were far too much blocks in the hours before

7,17/h blocks in the last 6 hours
7,42/h blocks in the last 12 hours

https://fork.lol/blocks/time

[Last of the V8s]

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md
note the guy on Apr 11 is the only bitcoiner to successfully defend himself
get guns. get dogs. and

[bones261]

no block since a hour. is BitCoin dead?  

https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3

One came just a few minutes ago. Just bad luck.

[hodl_2015]

no block since a hour. is BitCoin dead?  
https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3

If you test all possible combinations before finding a block. Best case, you immediately find it, worst case you find it on the last combination, average, you will find the block in about half the time of the maximum.

But no single miner searches all possible combinations by itself and as far as I know there is no decided range of combinations tested by each pool so different pools may end up testing the same combinations. and different pools include different transactions so operate in a different search space. This means that the upper limit is a lot higher than twice the average block time.

Random results do included things humans don't find random at all. 100 slow blocks in a row is less likely that 10 slow blocks in a row, but not impossible.

[Rosewater Foundation]

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md
note the guy on Apr 11 is the only bitcoiner to successfully defend himself
get guns. get dogs. and

My cat's been out of the bag for a while now. I spent 2 days in the hoosegow about it. Never discuss Bitcorn with a normal. Never.

[Kylapoiss]

So price wise, is this going deeper or are we out of the dark? I personally think that we will go and test prices around 3xxx, where it should bounce back up. Again, no real TA behind it, just my own prediction based on different articles and stuff.

Would like to hear what TA specialists have to say about this. And maybe throw us some graphs.

[kurious]

On the Bitcoinwisdom daily chart, it looks like a bullish MA crossover is in place - can anyone with any expertise confirm. 

I am far from an expert, and it feels too early to be optimistic, but I will take any optimistic gloss anyone with the right tint on their spectacles can see.

[flynn]

no block since a hour. is BitCoin dead?  

https://blockexplorer.com/block/0000000000000000002fcad35867488a5db7454e5b9cd083e38f382e83f874e3

One came just a few minutes ago. Just bad luck.

p(10mn) = probability to find a block in slot 0-10mn = 1/2
p(20mn) = p(slot 10mn-20mn) = 1/4 ( = 1/2 coz not found previously * 1/2 coz found in this 10mn slot)
p(30mn) = 1/8 (= 1/2 * 1/2 * 1/2)
p(40mn) = 1/16
p(50mn) = 1/32
p(1 hour) = 1/64

so probability to "not find a block in one hour" = 1/64 ~ 0.01562 .. could happen a couple of times a day

[El duderino_]

it is a good scene as many in that movie ...... just when talking about belgium and mayonaise ...., o the bad motherfucker wallet scene the dancing its just a f****** awsome movie
from start- middle- to end 

On Tuesday and Wednesday both our national teams are one game away from a World Cup final.  It is a once-in-a-lifetime chance for a player to become a hero for all time.  We still worship our 1966 team from more than half a century ago, everyone knows the commentary,. the team, the goalscorers, the goalkeeper from a young age.

I wish you victory against the French and if we beat the Croats, see you in the final, Mic - where history will be made. 

I am sure you and your country are just as excited as we are.  Good luck!

/OT

Thx fingers crossed to make the finals

ONLY big problem my girl booked out flight to Mallorca This tuesday.... i Will mis half the game 

[mymenace]

So price wise, is this going deeper or are we out of the dark? I personally think that we will go and test prices around 3xxx, where it should bounce back up. Again, no real TA behind it, just my own prediction based on different articles and stuff.

Would like to hear what TA specialists have to say about this. And maybe throw us some graphs.

No amount of TA is gonna help in the next 2 months, watch your fundamentals

[Gab0]

On the Bitcoinwisdom daily chart, it looks like a bullish MA crossover is in place - can anyone with any expertise confirm. 

I am far from an expert, and it feels too early to be optimistic, but I will take any optimistic gloss anyone with the right tint on their spectacles can see.

I'm not an expert either, but the 200ma is still far from the 50ma.
A gold cross is a bullish signal in the frames of larger times.
https://www.investopedia.com/terms/g/goldencross.asp

[ssmc2]

On the Bitcoinwisdom daily chart, it looks like a bullish MA crossover is in place - can anyone with any expertise confirm. 

I am far from an expert, and it feels too early to be optimistic, but I will take any optimistic gloss anyone with the right tint on their spectacles can see.

I'm not an expert either, but the 200ma is still far from the 50ma.
A gold cross is a bullish signal in the frames of larger times.
https://www.investopedia.com/terms/g/goldencross.asp

Yep it seems we could go up to 8500-9000 and it still be a bull trap.

[mymenace]

I will admit that Roger ...

There is a bit of a strange overlap with his supposed concept of wanting decentralization, but wanting to have veto power, too...

OK, I'll bite. What is this 'veto power' of which you speak?

It is a concept that Roger Ver does not want to participate unless he gets his way.  

So to you, withdrawing from participation is 'veto power'. Do you have such 'veto power', JJG? Do you believe the desire to be able to remove yourself from an undesired situation is somehow aberrational?

- and your desire to defend him and craig wright ...

I don't have any desire to defend Roger or CSW. You seem to be conflating these personalities with BCH -- a common small blocker delusion. Sure, I correct stated untruths regarding these folk, but that is defending the truth, not the personalities themselves.

Who would Roger help in the MTGox Hack

Who would Roger help in the big block debate

Who would Roger help at Cryptsy, Lucky7coin

Who did Roger know at Butterfly Labs Asic miners

Who did Roger know in the Silk Road operations under FBI investiagtion,

Why is Roger at the center of it all

[jojo69]

the trend is down until it isn't

[mymenace]

I will admit that Roger ...

There is a bit of a strange overlap with his supposed concept of wanting decentralization, but wanting to have veto power, too...

OK, I'll bite. What is this 'veto power' of which you speak?

It is a concept that Roger Ver does not want to participate unless he gets his way.  

So to you, withdrawing from participation is 'veto power'. Do you have such 'veto power', JJG? Do you believe the desire to be able to remove yourself from an undesired situation is somehow aberrational?

- and your desire to defend him and craig wright ...

I don't have any desire to defend Roger or CSW. You seem to be conflating these personalities with BCH -- a common small blocker delusion. Sure, I correct stated untruths regarding these folk, but that is defending the truth, not the personalities themselves.

Who would Roger help in the MTGox Hack

Who would Roger help in the big block debate

Who would Roger help at Cryptsy, Lucky7coin

Who did Roger know at Butterfly Labs Asic miners

Who did Roger know in the Silk Road operations under FBI investiagtion,

Why is Roger at the center of it all

Yep we know why they want bitcoin dead

Or you could just connect the dots...Wikileaks...Bitcoin Blockchain...Silk Road Operations...

Wikileaks and BTC blockchain... how are they connected?

You can write on the blockchain

Wikileaks has put evidence on the blockchain

https://medium.com/blockchain-education-network/how-to-write-stuff-on-the-blockchain-bdae1704f24d


How wikileaks was first involved in bitcoin
At the time satoshi disappeared, wikileaks announced it was using bitcoin as paypal had terminated their account
Satoshi did not want any undue attention and disappeared

[STT]

8500 would be a break of the medium term bearish trend.   That'd be enough for people to be bullish I think, quite significant.   

The standard moving average would be 50 day and 200 day.    Bitcoin isnt a stock so I'm not sure about a golden rule but some investment operations would only examine stocks trading over a 200 day average, apparently its a requirement for some and since everyone else in the market is smaller then billion dollar investment trusts we tend to follow in their wake.   
For Bitcoin I do not know if we should look that strictly at MA, its just a measure of momentum I think.

Theres nothing bullish in MA for daily long term that I see.  I think we are all speculating on a turn around situation which is harder.   The trusts trade certainities and market right could yield nice gains upwards but also its risky.   So I was tracking 4hr 50MA as a loose fit to positive movement since April thats just a weekly measure, about 8 DMA.



So yea that marked the bottom pricing recently, we could still call this positive but I would describe this as looking like a stepladder fallen over.   Its a bit stalled, no longer in the channel I drew in.

Someone called out 6800 as the tide mark or resistance a while back, its basically held that line for now.    I'm not certain on calling it as accumulating to move upwards or not

[El duderino_]

the trend is down until it isn't

Spoken wisely

[El duderino_]

Mmm Nice sunday recovery Just like BTC is doing @the moment
Keep Going up without stopping thx
New ATH’s to make..... new hodlers to test , new whatever bitcoin needs to conquor , Just keep the crypto world Going and all is fine