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Question: What year will we achieve a new ATH?
2019 - 43 (28.5%)
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2023 - 1 (0.7%)
Never - 5 (3.3%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21181185 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. (24 posts by 13 users deleted.)
infofront
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August 12, 2018, 12:33:08 AM

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand

Pure hubris for Ver, with a side of stupidity.
Jihan had a nice hubris and greed casserole, sprinkled with illusory superiority.

A couple years ago, everyone was puffing up Jihan. "He's an expert in game theory," they said. Maybe he believed it.
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August 12, 2018, 12:42:28 AM
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Altcoins, tokens, blockchains...
... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.
Note the date

He really called it on that very old quote!
The first couple of years on here that you guys created is fascinating to me.
I was taught a trick: go to a board and reverse the 'Last post' sorting. Learning a lot.
Do you know what happened to ribuck?

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August 12, 2018, 12:52:17 AM

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand

Pure hubris for Ver, with a side of stupidity.
Jihan had a nice hubris and greed casserole, sprinkled with illusory superiority.

A couple years ago, everyone was puffing up Jihan. "He's an expert in game theory," they said. Maybe he believed it.
Well they tried to have their own Antcoin as well didn't they? They were trying to make their own crypto before the bcash shit and wanted control.
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August 12, 2018, 12:54:01 AM


The first couple of years on here that you guys created is fascinating to me.


probably a history PhD in that if you really wanted
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How much alt coin diversification is needed? 0%?


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August 12, 2018, 01:03:06 AM

$250 move-up in 3 minutes. Wink
I often notice the following pattern in the Bitcoin price: it's quite stable for hours to days, moving sideways, then suddenly it drops or shoots up in a more or less straight line. After that, it continues moving sideways.
How can that be? I can only think its being manipulated by some whale(s) keepingt he price stable until they need change. If there's a different explanation, I'd like to hear it.

Yep, quite distinctive pattern. It seems to be happening in this year's bear market mostly, I didn't notice it showing before.

whales this, whales that...meh

it's just the market

Exactly, more than likely just market buys and sells, probably on behalf of clients.

[...] How can that be?
Some sell and buy a lot more than others. Even when they use multiple exchanges, it does move the price quite a bit. Exchanges (thankfully) also run 24/7 but at some times of the day or days of the week the liquidity is less than ideal. Manipulation depend on what rules you follow. I do reasonably thrust (but never used) exchanges, as in not allowing buy orders without pony up the fiat and not allowing sell orders without having the coins, and also executing order books in the order of bid/ask price.

Also, there is always a bigger fish, so trying to manipulate the price when you think you are big may backfire when it turns out you are not.

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

The pattern has been dubbed as the bart simpson pattern or the upside down bart simpson pattern, depending on whether it is n shaped or u shaped.   No more knowledge is needed beyond knowing what to call it.  Wink   Wink   Tongue
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August 12, 2018, 01:06:52 AM

I wouldn't hate on Roger too much, he helped make bitcoin what it is today and was one of the first merchants to accept bitcoin as payment.

I'm heavily behind bitcoin but on the dark web now most sellers are only taking Monero and not BTC.
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August 12, 2018, 01:10:04 AM

Vitalik Buterin Proposes a Consensus Algorithm That Requires Only 1% to Be Honest

https://twitter.com/VitalikButerin/status/1027972126593015809?s=20
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I did NOT invent 99% fault tolerant consensus; Leslie Lamport did. I just wrote an explainer and adapted it to a blockchain context. Please fix, Trustnodes.

This has been known a long time; Leslie Lamport’s famous 1982 paper “The Byzantine Generals Problem” (link here) contains a description of the algorithm. The following will be my attempt to describe and reformulate the algorithm in a simplified form.

Does this mean 99% POW is useless?
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August 12, 2018, 01:23:45 AM



Don't let this distract you from the the fact that in 1966, Al Bundy scored four touchdowns in a single game while playing for the Polk High School Panthers in the 1966 city championship game versus Andrew Johnson High School, including the game-winning touchdown in the final seconds against his old nemesis, Bubba "Spare Tire" Dixon.

I was at that game... I shit you not!

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August 12, 2018, 01:33:35 AM

https://twitter.com/Excellion/status/1028426579158884352
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According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

As suspected, Bcash was being pumped.

I don't think the rest of their btc will be able to get bcash to a sellable value. Time to start pulling out the old wallets and get what I can.
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August 12, 2018, 01:53:25 AM

If anyone has some spare time I would love to see the trend of the price excluding these huge jumps and falls within minutes.

I think that would show the true sentiment of the market.
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August 12, 2018, 02:06:07 AM

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.
This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.
The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.
We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.
Isn't a rule of BTC price movement (or any market in that regard) that the whales will attempt to push the price in the direction of least resistance?  As lay persons, it is not always easy for us to assess, and probably even for whales they might perform a test pump or dump, and hope that others will follow that particular direction.
Isn't that what is called stop hunting?

Soon it will be called whale hunting -- decentralization

too many rich  Wink
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August 12, 2018, 02:15:34 AM

Do you guys still consider ethereum an altcoin?

Very serious I imagine
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August 12, 2018, 02:43:38 AM

https://twitter.com/Excellion/status/1028426579158884352
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According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

As suspected, Bcash was being pumped.

I don't think the rest of their btc will be able to get bcash to a sellable value. Time to start pulling out the old wallets and get what I can.



 Cool

look at me  >.> i'm the BTCBTCBTCBTCBTCBTCBTCBTC hodler now
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August 12, 2018, 03:01:23 AM
Last edit: August 12, 2018, 03:21:40 AM by yefi

https://twitter.com/Excellion/status/1028426579158884352
Quote
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

Nearly two million BCH? Are they trying to emulate the Hunt brothers?
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August 12, 2018, 03:34:29 AM

If anyone has some spare time I would love to see the trend of the price excluding these huge jumps and falls within minutes.

I think that would show the true sentiment of the market.

Not sure this is quite what you had in mind

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August 12, 2018, 03:35:20 AM

https://twitter.com/Excellion/status/1028426579158884352
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According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

Nearly two million BCH? Are they trying to emulate the Hunt brothers?

The question becomes...is Bitmain 'bleeding' BCH to cash or (gasp btc) at this time? How if anything are they managing this, or are the locked in BCH for the long haul ride, at this point?

or are they SO locked into BCH as a founder/miner/etc that to do so would gut the price, even if they hedged a little bit?

probably no way to tell, but figured I'd ask

they also have the misfortune to be 'committed' to a 1/2 billion dollar data hall arrangement in Texas. Likely, this was in the works months ago and they are just plain stuck.

my point on this thread is ....does dumping bch hurt or help BTC or just don't plain make any difference if to cash say?





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August 12, 2018, 03:35:54 AM
Merited by Torque (1), mindrust (1), Last of the V8s (1)


Ethereum came as a split from the colored coin approach. With colored coins people realized that they could create assets on the Bitcoin blockchain. Each satoshi could represent a single asset (1g of gold for instance). They even implemented OP_RETURN so you could add details about the underlying asset.

One big thing many people working on colored coins ran into was the limited amount of bytes that could be used for each transaction (a lack of creativity left them wanting to fix this limitation with more bytes instead of working with second layers). The possibilities of what could be added to to each transaction if there were more space was discussed. The golden idea was to have enough room for turing complete programs on the blockchain. Vitalik took on the task of enhancing the colored coin approach on the Bitcoin network to allow for turing complete code. The Bitcoin community became excited about this Ethereum colored coin approach and put a lot of support behind it.

Then Vitalik decided to shit all over Bitcoin and everyone who had supported him up until then and take the easy way out by creating a new coin called Ethereum with a whole new blockchain that had enough room for these turing programs.

There was a reason that Bitcoin limited the size of transactions.

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August 12, 2018, 03:48:55 AM
Merited by Searing (1)

https://twitter.com/Excellion/status/1028426579158884352
Quote
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

Nearly two million BCH? Are they trying to emulate the Hunt brothers?

They were trying to make Bcash lol more valuable than Bitcoin by restricting supply (and touting it to increase demand). Bitmain holds all the Bcash lol it has ever mined in a huge wallet. They have been losing money since day 1 trying to flip Bitcoin. 

They used every tool at their disposal.  They might possibly have pulled it off but enough people have seen through them.
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August 12, 2018, 03:49:28 AM

https://twitter.com/Excellion/status/1028426579158884352
Quote
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

Nearly two million BCH? Are they trying to emulate the Hunt brothers?

At least they are putting their money where their mouth is. Roll Eyes
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August 12, 2018, 03:52:06 AM
Last edit: August 12, 2018, 04:12:26 AM by mymenace

~we could not centralize color coins enough so vitalik pissed of the scammers~

 Cool


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