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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21333897 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. (104 posts by 20 users deleted.)
Rosewater Foundation
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July 27, 2018, 10:32:41 PM

Future proves past

*Rosewater shrugs, kicks at nothing, falls, breaks hip*
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JayJuanGee
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July 27, 2018, 10:36:02 PM

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

+1 WOsMerit.

You alleged bitcoin bulls, seem to be hopium for something, and suggesting that there is some kind of certainty.






So the buy of a lifetime was 78XX USD?  Cheesy I missed my opportunity to buy buy buy in late 2014 and early 2015. Now that was truly the buying opportunity of a lifetime. That was a great deal. I know there were even better deals in 2013 and before, but that ship sailed by the time that I became aware.


Within the past month, there was a real decent BTC buying opportunity at $5,777, but even if you missed the exact bottom of that particular BTC price correction, there were a large number of days in which you could have bought some BTC in the low $6ks.

That is why the BTC HODLers and accumulators who are not employing margins or shorting systems, develop other seemingly more reliable systems to BTFD, and even though we don't know exactly when we got the bottom, but if we keep working at our system to BTFD (and don't play with rent money or other money that you need to live on for 6 months or so) then we are likely going to be in a very decent set up to profit greatly from that practice with the passage of time, even if, from time to time, it could take a few years for our profits to really play out.... but bitcoin seems to be a kind of great long game rather than one in which we should play around with shorting or selling on the way down and hoping for lower and those kinds of less preferred and seemingly gambling strategies.
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July 27, 2018, 10:38:59 PM

Future proves past

*Rosewater shrugs, kicks at nothing, falls, breaks hip*

What does that mean, exactly?  Maybe Wo-bot, aka mymenance, should explain such nonsense before folks get too worked up into reading into such hieroglyphics?
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July 27, 2018, 10:44:07 PM
Last edit: July 27, 2018, 11:37:38 PM by Rosewater Foundation
Merited by JimboToronto (2), xhomerx10 (1), jojo69 (1), BobLawblaw (1)

Ho hum. Round-out your WO's collection with you very own Jimbo. Complete with bass axe and super glutens. The ice man cometh.

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July 27, 2018, 11:44:02 PM
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4th installment of the Andreas Breken's Lightning Network series is already out:

https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-4-what-happens-when-you-close-half-of-the-lightning-network-b25b330dfad2

"Bitcoin Lightning Network #4: What happens when you close half of the Lightning Network?"

TL;DR: Nothing happens, LOL
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July 27, 2018, 11:48:20 PM

Bbut... but Anon, it's like when you want a car engine to 'scale' to higher horsepower and speed, the most straightforward way is to simply add more cylinders!  V32 engines for everyone so we can get places faster, amiright?  /s

Stupid analogy is stupid.

If you want a transportation analogy, a closer analog would be passenger demand for a certain train route exceeding capacity solved by adding more passenger cars to the train.

Still a stupid analogy, but an order of magnitude closer to the situation at hand.

https://txstreet.com

?

TxStreet.com

TxStreet.com is a Bitcoin Cash (BCH) and Bitcoin (BTC) live transaction visualizer inspired by txhighway.com. This website helps users understand the mempool and blocksize in an easy way.

When a new transaction is broadcasted to either the BCH or BTC network, a person appears and attempts to board a bus. If the mempool size is lower than the block size limit, then they board a bus and wait for the next block to be found. If the mempool is bigger than the block size limit, then they will have to wait in line before boarding a bus.

The movement speed of the person represents how high a fee they paid in sat/B. The size of the person represents the size of the transaction in bytes.

Segwit transactions will board the segwit bus.

BCH currently has 32 buses representing a 32MB block size limit. BTC has two buses representing the 1MB block size limit and 4MB block weight (segwit).

When a block is found, both BTC buses will leave for the blockchain. For BCH, only the required number of buses will leave. For exmaple, if there is a 1.7MB block found, only 2 BCH buses will leave for the blockchain. If there is a 31.5 MB block found, all 32 BCH buses will leave.

This is a beta version of this website. Many more features are planned.

LOL genius. turn on the sound too.

I watched it for about 30 minutes, and it looks like nearly a pure fictional representation about what is happening or likely to happen.  Sure, it captures some ideas about what what could happen in some fictitional pie in the sky world, but its extreme fictitiousness causes it to be more propaganda rather than a worthy attempt at education. 

Furthermore, when the busses leave the station, that process is so slow and belabored that it hardly captures any semblance of reality..

I had to shut it off, who's got time for such nonsensical fiction?.

Gotta give it a thumbs down for being nearly pure bullshit.
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July 28, 2018, 12:06:10 AM

4th installment of the Andreas Breken's Lightning Network series is already out:

https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-4-what-happens-when-you-close-half-of-the-lightning-network-b25b330dfad2

"Bitcoin Lightning Network #4: What happens when you close half of the Lightning Network?"

TL;DR: Nothing happens, LOL

I suppose not a bad test for the LN, and perhaps causes more serious (rather than manipulative) peeps to join into the lightning network?
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July 28, 2018, 12:18:54 AM

4th installment of the Andreas Breken's Lightning Network series is already out:

https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-4-what-happens-when-you-close-half-of-the-lightning-network-b25b330dfad2

"Bitcoin Lightning Network #4: What happens when you close half of the Lightning Network?"

TL;DR: Nothing happens, LOL

I suppose not a bad test for the LN, and perhaps causes more serious (rather than manipulative) peeps to join into the lightning network?

Yeah, I think it has been an interesting review. Even if his intentions would have been (who knows) to try demonstrate some serious flaws, we should thank him for the effort.

LN still have a long way to go in terms of usability but as an initial beta deployment it seems to be living up to expectations.
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July 28, 2018, 12:20:13 AM

They said Bitcoin is a bubble:

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July 28, 2018, 12:34:09 AM

Ho hum. Round-out your WO's collection with you very own Jimbo. Complete with bass axe and super glutens. The ice man cometh.



Lawl. Pretty close but you missed the BTC on the ballcap.

Does it come in a bobblehead version?
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July 28, 2018, 12:50:30 AM
Last edit: July 28, 2018, 01:17:43 AM by Anon136

Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.

Yea well the blacks collectivize and the hispanics collectivize and the Chinese collectivize. And all of them see white people as a collective group so they have no qualms about blaming you for the actions of other white people. If you choose not to collectivize with your people than you are going to get steamrolled by people who are willing to do that. It's that simple buddy. I would invite you to die on your hill alone, as an individual, trying to repell the endless tide of people who are willing to collectivize except that I need you with me because I don't want to die all alone on a hill taking my final comfort in that I was an individual at the end. So it's time to man up and stand with your people.

*edit* I should make a clarification. I'm not an individualist or a collectivist, I'm a necessarian. It's liberalism, and the individualism that is part of liberalism, that lead white people to the success that we found in 16th through 20th centuries and are somewhat clinging to in the 21st. We should advocate individualism where we can and collectivism where and when we must. It's a bit like violence in self defense. You don't want to go around punching people all the time to solve your problems, generally speaking violence is bad, but you need to be prepared and willing to use it when and if you must.
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July 28, 2018, 01:24:13 AM

Would a close around this levels mean a golden cross on 3d? Is a golden cross on 3d of any relevance or only on the weekly?

Dont forget during the cryptowinter we had a golden cross on the weekly in May 2014, followed by a death cross in August 2014.  We didn't get another golden cross until October 2015. 

Just because we get a golden cross on the weekly sometime soon from now doesnt mean we are out of the woods.
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July 28, 2018, 01:53:26 AM

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July 28, 2018, 01:54:06 AM

Would a close around this levels mean a golden cross on 3d? Is a golden cross on 3d of any relevance or only on the weekly?

Dont forget during the cryptowinter we had a golden cross on the weekly in May 2014, followed by a death cross in August 2014.  We didn't get another golden cross until October 2015. 

Just because we get a golden cross on the weekly sometime soon from now doesnt mean we are out of the woods.

Yeah, you are right. We won't know we are out of the woods until we are... or maybe even later.

And truth to be told... the charts do still resemble very closely 2014.
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July 28, 2018, 02:00:52 AM

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

+1 WOsMerit.

You alleged bitcoin bulls, seem to be hopium for something, and suggesting that there is some kind of certainty.

No certainty here, but for me it wouldn't be bitcoinish to go past 10k without another plunge. Possibily harder than the recent ones.

Quote
Maybe that is how a bull slowly transforms into a bear, or goes roach, or BJA?
or turns into something totally different.. .like a bulldog?

When the world realizes it's the joos, bitcoin will go to zero because a permissionless digital token can't even exist. Silver will be the only thing guaranteed to keep its value. Woof, woof!

Get the fuck out of here with your nonsensical metamorphical theories Tongue Tongue
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July 28, 2018, 02:13:29 AM

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July 28, 2018, 02:24:08 AM


 

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July 28, 2018, 02:33:02 AM

Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.

Yea well the blacks collectivize and the hispanics collectivize and the Chinese collectivize. And all of them see white people as a collective group so they have no qualms about blaming you for the actions of other white people. If you choose not to collectivize with your people than you are going to get steamrolled by people who are willing to do that. It's that simple buddy. I would invite you to die on your hill alone, as an individual, trying to repell the endless tide of people who are willing to collectivize except that I need you with me because I don't want to die all alone on a hill taking my final comfort in that I was an individual at the end. So it's time to man up and stand with your people.

*edit* I should make a clarification. I'm not an individualist or a collectivist, I'm a necessarian. It's liberalism, and the individualism that is part of liberalism, that lead white people to the success that we found in 16th through 20th centuries and are somewhat clinging to in the 21st. We should advocate individualism where we can and collectivism where and when we must. It's a bit like violence in self defense. You don't want to go around punching people all the time to solve your problems, generally speaking violence is bad, but you need to be prepared and willing to use it when and if you must.

Collectivizing based on something as shallow as skin color rather than morals, beliefs, or hell even politics is pure stupidity.
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July 28, 2018, 02:37:05 AM

Collectivizing based on something as shallow as skin color rather than morals, beliefs, or hell even politics is pure stupidity.

Not going to get into a drawn out debate here. I said my peace. Make a thread if you want to get into the weeds.
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July 28, 2018, 02:37:18 AM
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