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

[El duderino_]

24777

28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK    for the few remaining

[Searing]

24777

28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK    for the few remaining

Kinda looks like the 2019 folk have a shot, me not so much (Oct 18th) (was in 2013 day I got my KNC Jupiter ASIC miner up)

[alevlaslo]

[JayJuanGee]

You likely have your finger on the pulse of the bcash community more than anyone else here. How's everything looking in regard to the possible hardfork?

Magic 8 ball says: "Concentrate and ask again".

In all due seriousness, I really don't have a good read on this yet. I've not even finished my analysis as to which way I would like to see it go.

As for my initial preferences:

My first read is that I'd like to see it tend toward no block size cap (and therefore have max block size be an emergent property of the system, a la BU). I also think I like the idea of re-enabling opcodes that were in the initial release - at least as compared to enabling a new opcode. I don't see the need for CTOR either.

All the above would put me in the SV camp, rather than the ABC camp. Or perhaps BU (hash power vote on each feature), or C0bra (no changes). But as I said, more analysis is required.

I also hold out some hope for a kumbaya moment. However, cross-camp relations don't seem to be getting any better with time.

Given that Bitmain has a split commitment to BCH and BTC, I was fairly comfortable in the hashpower battle going forward with nChain/Ayre/&co. However, with Bitmain finally successful (from all reports) with a 7nm chip, this no longer seems a safe assumption.

I guess I'll need to finish my analysis, pick a side, and get involved with the internal advocacy...

The most reasonable approach would likely be to say "fuck them all," but instead you seem to appreciate the drama and presuming that you are dealing with good actors, within the sense of the all is fair in love and war free market.

[HairyMaclairy]

[JayJuanGee]

I guess you didn't get the memo. The person who discovered and responsibly disclosed this devastating bug was a bcasher.

neener neener neener.

Even if true, that is no slam dunk in your favor... but I would concede that if true, I would have to reconsider a variety of my presumptions about bcashers and the folks who are working on it.

Time to get busy reconsiderin'  

Yeah... let's play hide the ball.  At least with any reconsideration, I could assert that I am glad that there remains some integrity, even amongst a group of deceptive scoundrels.. hahahahaha.

By the way, I am not so pessimistic about humanity as to suggest that bad people are bad through and through because even Hitler appreciated pets, and frequently, even the worst of sociopaths might still be loved by his/her mom.

Accordingly, doing the right thing in reporting rather than exploiting the found bug was good for the ecosystem, and might not have been within the parameters of what awemany considered as an acceptable approach.

Extraordinary claims require extraordinary evidence  

Nothing extraordinary about this claim.

You're looking foolish, BTW.

Your the one who is being disingenuous (which can likely be described as foolish, too), if you supposedly have evidence and you are not sharing it.

Jeebus. Self-imposed blinders. Again. Now you're looking foolish. Again.

How could I be looking foolish, if you are the one playing "hide the ball?" 

And it's not even that the fact that it took a beeeecasher to find a potentially devastating Core bug is any great shakes. The significant thing here is that it lays bare the absurdity of the echo-chamber driven narrative of 'our devs walk on water, all other devs are slime dwelling script kiddies'.

Hm?  So this makes the core developers less godly and more human, I suppose?  And, in your view, elevates the prestige of bcash developers?

Perhaps a more reasonable conclusion is that it remains helpful to have a vast number of eyes looking at code and willing to do the right thing when they find a bug... some bugs more critical than others, as this one seemed to have been in terms of the negative potential ramifications if it had been exploited prior to being fixed.

[JayJuanGee]

https://twitter.com/Lomacrypto/status/1044058408922435584

Wyckoff stuff always has seemed overly convoluted to me, but I gotta admit, that is a pretty strong match.

Yes..... but what comes next?  UP, DOWN or SIDEWAYS?

[El duderino_]

Aha al upward chart from hairry .... Thats what i was waiting for 

[El duderino_]

24777

28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK    for the few remaining

Kinda looks like the 2019 folk have a shot, me not so much (Oct 18th) (was in 2013 day I got my KNC Jupiter ASIC miner up)

? Oct 10th
You waren’t there.....? But yeah would be difficult to win anyway @october 10th 

[HairyMaclairy]

Early indications volume may have bottomed

[JayJuanGee]

24777

28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK    for the few remaining

Kinda looks like the 2019 folk have a shot, me not so much (Oct 18th) (was in 2013 day I got my KNC Jupiter ASIC miner up)

? Oct 10th
You waren’t there.....? But yeah would be difficult to win anyway @october 10th  

What year?

Probably the best case scenario, now (absent some ETF approval, which I am presuming is not going to happen within the next year and a half) would be to get to $24,777 by May or June (causing gentlemand to be the winner), although I might even have to back-track my own sense of what would be a "best case scenario" within our current circumstances.  

Historically, Bitcoin has had several pumps of 3x and even 10x in less than a few months - but seems that there has to be some kind of precipitating triggering event that would cause such an extreme (besides coiling and building up pressures), no?  We cannot just bounce out of this current consolidation range without at least a few back tracking before the next BIG pump is ready, right?  

Seems most reasonable that getting past $10k would not likely to be easy, then breaking above $16k would also be a bit of a journey of corrections along the way.

I would like to be wrong and see $24,777 in the new year's time frame, which even more explosive price move upwards and more bullish than bullish scenario would cause Spaceman_Spiff_Original to be the winner.

[kirreev070]

[Resumean]

[crypmike]

wow. my 1000th post. pride.

Upd (for the history):

[HairyMaclairy]

We need to bounce off the lower boundary on solid volume.  If we break through the lower boundary we will probably gap down at least a couple hundred dollars.

[crypmike]

https://twitter.com/Lomacrypto/status/1044058408922435584

Wyckoff stuff always has seemed overly convoluted to me, but I gotta admit, that is a pretty strong match.

Yes..... but what comes next?  UP, DOWN or SIDEWAYS?

Seems like UP
Also, it is confirmed by this:

Expect a continuation of the bullish movement

SHORTS amount decreased a lot despite on the falling past 3 days market
Probably MM prepares something

Also, a daily MA50 retest is nice

I'm quite bullish until 6400 level breakout

[crypmike]

We need to bounce off the lower boundary on solid volume.  If we break through the lower boundary we will probably gap down at least a couple hundred dollars.

If the volume is small it means that sales are low...
maybe this is VSA sales test

[HairyMaclairy]

VSA?

[crypmike]

VSA?

Volume Spread Analysis

[criptix]

He we go, hello 6.4  

100x short on bitmex